Buy Or Sell Opportunity • Jun 16
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 60% to ₹106. The fair value is estimated to be ₹84.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 678% in the next 2 years. New Risk • Jun 15
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 247% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 247% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). New Risk • Jun 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • May 16
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: ₹0.41 (down from ₹3.52 in FY 2025). Revenue: ₹4.57b (up 28% from FY 2025). Net income: ₹54.9m (down 89% from FY 2025). Profit margin: 1.2% (down from 13% in FY 2025). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 146%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Consumer Services industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Announcement • May 06
NIIT Limited to Report Q4, 2026 Results on May 14, 2026 NIIT Limited announced that they will report Q4, 2026 results on May 14, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹59.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Consumer Services industry in India. Total returns to shareholders of 71% over the past three years. New Risk • Mar 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.99b (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.1% net profit margin). Market cap is less than US$100m (₹8.99b market cap, or US$97.6m). Reported Earnings • Jan 31
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: ₹0.30 (down from ₹1.00 in 3Q 2025). Revenue: ₹1.22b (up 25% from 3Q 2025). Net income: ₹40.3m (down 70% from 3Q 2025). Profit margin: 3.3% (down from 14% in 3Q 2025). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 69%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Consumer Services industry in India. Over the last 3 years on average, earnings per share has fallen by 35% per year whereas the company’s share price has fallen by 38% per year. Announcement • Jan 22
NIIT Limited to Report Q3, 2026 Results on Jan 30, 2026 NIIT Limited announced that they will report Q3, 2026 results on Jan 30, 2026 New Risk • Oct 29
New major risk - Revenue and earnings growth Earnings have declined by 33% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.7% net profit margin). Reported Earnings • Oct 29
Second quarter 2026 earnings released: EPS: ₹0.10 (vs ₹0.97 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.10 (down from ₹0.97 in 2Q 2025). Revenue: ₹1.05b (up 16% from 2Q 2025). Net income: ₹14.3m (down 89% from 2Q 2025). Profit margin: 1.4% (down from 14% in 2Q 2025). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Oct 17
NIIT Limited to Report Q2, 2026 Results on Oct 28, 2025 NIIT Limited announced that they will report Q2, 2026 results on Oct 28, 2025 Announcement • Sep 24
NIIT Limited Approves Re-Designation of Parappil Rajendran as Non-Executive Non-Independent Director NIIT Limited in its Annual General Meeting held on September 24, 2025 approved to re-designate Mr. Parappil Rajendran (DIN:00042531), Joint Managing Director as a Non-Executive Non-Independent Director of the Company. Announcement • Aug 25
NIIT Limited, Annual General Meeting, Sep 24, 2025 NIIT Limited, Annual General Meeting, Sep 24, 2025, at 10:00 Indian Standard Time. Declared Dividend • Aug 25
Dividend of ₹1.00 announced Shareholders will receive a dividend of ₹1.00. Ex-date: 4th September 2025 Payment date: 24th October 2025 Dividend yield will be 0.9%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 24% over the next year, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Aug 12
Price target decreased by 13% to ₹130 Down from ₹150, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ₹113. Stock is down 1.0% over the past year. The company is forecast to post earnings per share of ₹4.20 for next year compared to ₹3.52 last year. Reported Earnings • Aug 09
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: ₹0.32 (down from ₹0.58 in 1Q 2025). Revenue: ₹1.08b (up 31% from 1Q 2025). Net income: ₹44.3m (down 44% from 1Q 2025). Profit margin: 4.1% (down from 9.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Announcement • Jul 29
NIIT Limited to Report Q1, 2026 Results on Aug 08, 2025 NIIT Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Announcement • Jul 02
Niit Limited Appoints Harsh Kundra as Senior Management Person of the Company Effective from July 1, 2025 NIIT Limited appointed Harsh Kundra as Senior Management Person of the Company w.e.f. July 1, 2025. Education: Mr. Kundra holds M.S. in Human-Computer Interaction from Carnegie Mellon University and a B.E. in Computer Science from Delhi College of Engineering. Career Journey: He is a seasoned technology leader with over 20 years of experience building scalable, high-performance technology solutions. He previously served as CTO of India's largest SchoolTech company, scaling systems from 300 to 9,000+ schools. His expertise spans EdTech, mobile and web development, and microservices. He has built and led high-performing teams, implemented rigorous processes, and delivered exceptional products in complex, fast-paced environments. He has held leadership roles at Future Group, Jabong, MeritNation, and startups. He is proficient in a wide range of development tools, programming languages, databases, and cloud platforms. Announcement • Jun 13
NIIT Limited (BSE:500304) completed the acquisition of an additional 0.49% stake in NIIT Institute of Finance, Banking & Insurance Training Ltd. from individual shareholders. NIIT Limited (BSE:500304) agreed to acquire an additional 0.49% stake in NIIT Institute of Finance, Banking & Insurance Training Ltd. from individual shareholders on April 19, 2025. In a related transaction, NIIT Limited is acquiring 18.79% stake in NIIT Institute of Finance, Banking & Insurance Training Ltd. from ICICI Bank Limited. Upon completion of the transactions, NIIT Limited will own 100% stake in NIIT Institute of Finance, Banking & Insurance Training Ltd. A combined cash consideration of INR 65.8 million will be paid by NIIT Limited.
The transaction is subject to approval of offer by the board of NIIT Limited. The deal has been approved by the board. The expected completion of the transaction is on or before September 30, 2025.
NIIT Limited (BSE:500304) completed the acquisition of an additional 0.49% stake in NIIT Institute of Finance, Banking & Insurance Training Ltd. from individual shareholders on June 11, 2025. Reported Earnings • May 14
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹3.52 (up from ₹2.88 in FY 2024). Revenue: ₹4.38b (up 44% from FY 2024). Net income: ₹476.2m (up 23% from FY 2024). Profit margin: 11% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 8.4%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Announcement • May 02
NIIT Limited to Report Q4, 2025 Results on May 13, 2025 NIIT Limited announced that they will report Q4, 2025 results on May 13, 2025 Announcement • Apr 18
NIIT Limited (BSE:500304) acquired an unknown minority stake in Iamneo Edutech Private Limited from the promoters for approximately INR 510 million. NIIT Limited (BSE:500304) acquired an unknown minority stake in Iamneo Edutech Private Limited from the promoters for approximately INR 510 million on April 17, 2025. A cash consideration of INR 513 million will be paid by NIIT Limited. As part of consideration, INR 513 million is paid towards common equity of Iamneo Edutech Private Limited. In a related transaction NIIT Limited has also completed a subscription of fresh equity shares of Iamneo Edutech Private Limited. NIIT Limited has acquired an aggregate of 70% stake in Iamneo Edutech Private Limited through both subscription of fresh equity shares and secondary acquisition for a total consideration of INR 613 million. The consideration includes primary investment of approx. INR 100 million. The remaining 30% shareholding of the Company will be acquired by NIIT Limited from the promoters of the Iamneo Edutech Private Limited in subsequent tranches, over a period of next 5 (five) years, subject to certain terms & conditions.
For the period ending March 31, 2025, Iamneo Edutech Private Limited reported total revenue of INR 276 million.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board.
NIIT Limited (BSE:500304) completed the acquisition of an unknown minority stake in Iamneo Edutech Private Limited from the promoters on April 17, 2025. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹127, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Consumer Services industry in Asia. Total returns to shareholders of 126% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹131, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 16x in the Consumer Services industry in Asia. Total returns to shareholders of 141% over the past three years. Buy Or Sell Opportunity • Jan 29
Now 24% overvalued Over the last 90 days, the stock has fallen 3.4% to ₹150. The fair value is estimated to be ₹121, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 53% over the last 3 years. Earnings per share has declined by 64%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Reported Earnings • Jan 25
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₹1.00 (down from ₹1.08 in 3Q 2024). Revenue: ₹1.15b (up 35% from 3Q 2024). Net income: ₹134.9m (down 6.7% from 3Q 2024). Profit margin: 12% (down from 17% in 3Q 2024). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Announcement • Jan 13
NIIT Limited to Report Q3, 2025 Results on Jan 24, 2025 NIIT Limited announced that they will report Q3, 2025 results on Jan 24, 2025 New Risk • Jan 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Significant insider selling over the past 3 months (₹6.2m sold). Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹224, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 15x in the Consumer Services industry in Asia. Total returns to shareholders of 474% over the past three years. Recent Insider Transactions • Nov 22
Insider recently sold ₹950k worth of stock On the 19th of November, Yogesh Bhatt sold around 5k shares on-market at roughly ₹190 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹8.2m. Insiders have been net sellers, collectively disposing of ₹26m more than they bought in the last 12 months. Recent Insider Transactions • Nov 20
Insider recently sold ₹4.0m worth of stock On the 11th of November, Yogesh Bhatt sold around 20k shares on-market at roughly ₹199 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹8.2m. Insiders have been net sellers, collectively disposing of ₹25m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹193, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 14x in the Consumer Services industry in Asia. Total returns to shareholders of 503% over the past three years. Reported Earnings • Oct 26
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₹0.97 (up from ₹0.80 in 2Q 2024). Revenue: ₹1.13b (up 39% from 2Q 2024). Net income: ₹130.8m (up 22% from 2Q 2024). Profit margin: 12% (down from 13% in 2Q 2024). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 3.3%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Announcement • Oct 15
NIIT Limited to Report Q2, 2025 Results on Oct 25, 2024 NIIT Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Recent Insider Transactions • Sep 05
Insider recently sold ₹8.2m worth of stock On the 29th of August, Rajan Venkataraman sold around 50k shares on-market at roughly ₹163 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹40m more than they bought in the last 12 months. New Risk • Aug 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Announcement • Aug 26
NIIT Limited, Annual General Meeting, Sep 24, 2024 NIIT Limited, Annual General Meeting, Sep 24, 2024, at 14:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹128, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 13x in the Consumer Services industry in Asia. Total returns to shareholders of 329% over the past three years. Announcement • Aug 07
NIIT Ltd. Appoints Anshumaan Prasad as Head of Marketing NIIT Ltd. has announced the appointment of Anshumaan Prasad as its new Head of Marketing. In his role, Anshumaan will lead NIIT Limited's marketing strategy and initiatives, driving growth and enhancing the brand's presence in the industry. Anshumaan comes with more than 13 years of experience across FMCG, FMCD, and Tech sectors, having worked with organizations such as HUL and Amazon. Anshumaan has a rich and diverse background, holding a dual degree from IIT Kharagpur and an MBA from IIM Bangalore. Before joining NIIT, he was a Senior Brand Manager at Amazon India where he led the mass-marketing initiatives for Amazon Prime membership and Amazon Specials, driving substantial business growth over three years. Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: ₹0.58 (vs ₹0.17 in 1Q 2024) First quarter 2025 results: EPS: ₹0.58 (up from ₹0.17 in 1Q 2024). Revenue: ₹992.3m (up 59% from 1Q 2024). Net income: ₹78.4m (up 237% from 1Q 2024). Profit margin: 7.9% (up from 3.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹128, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 14x in the Consumer Services industry in Asia. Total returns to shareholders of 310% over the past three years. Announcement • Jul 23
NIIT Limited to Report Q1, 2025 Results on Aug 02, 2024 NIIT Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Announcement • May 26
NIIT Limited Provides Earnings Guidance for the Financial Year 2025 NIIT Limited provided earnings guidance for the financial year 2025. For the year, the company expects revenue next year to be in the range of INR 3,800 million to INR 4,000 million. Reported Earnings • May 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹2.88 (up from ₹0.44 in FY 2023). Revenue: ₹3.68b (up 7.9% from FY 2023). Net income: ₹387.8m (up ₹328.4m from FY 2023). Profit margin: 11% (up from 1.7% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • May 17
NIIT Limited to Report Q4, 2024 Results on May 24, 2024 NIIT Limited announced that they will report Q4, 2024 results on May 24, 2024 Announcement • Apr 28
NIIT Limited Announces Bimaljeet Singh Bhasin, President - Enterprise Business India NIIT Limited announced that Mr. Bimaljeet Singh Bhasin, President - Enterprise Business India, a Senior Management Personnel of the Company has tendered his resignation from services of the Company to pursue new opportunity. Effective April 26, 2024. Announcement • Mar 16
NIIT Limited Announces Board Appointments NIIT Limited approved appointment of Mr. Sanjiv Kumar Chaudhary and Ms. Sonu Halan Bhasin as an Independent Director of the Company. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹102, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Consumer Services industry in Asia. Total returns to shareholders of 527% over the past three years. Reported Earnings • Feb 04
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: ₹1.08 (down from ₹4.11 in 3Q 2023). Revenue: ₹1.02b (down 78% from 3Q 2023). Net income: ₹144.5m (down 74% from 3Q 2023). Profit margin: 14% (up from 12% in 3Q 2023). Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Jan 23
NIIT Limited to Report Q3, 2024 Results on Feb 02, 2024 NIIT Limited announced that they will report Q3, 2024 results on Feb 02, 2024 Recent Insider Transactions • Nov 17
CEO & Executive Director recently sold ₹16m worth of stock On the 13th of November, Sapnesh Lalla sold around 138k shares on-market at roughly ₹116 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sapnesh's only on-market trade for the last 12 months. Price Target Changed • Nov 03
Price target decreased by 36% to ₹270 Down from ₹425, the current price target is an average from 2 analysts. New target price is 128% above last closing price of ₹118. The company is forecast to post earnings per share of ₹3.00 for next year compared to ₹0.44 last year. Upcoming Dividend • Nov 03
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 10 November 2023. Payment date: 30 November 2023. The company last paid an ordinary dividend in July 2013. The average dividend yield among industry peers is 1.9%. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: ₹0.80 (vs ₹2.95 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.80 (down from ₹2.95 in 2Q 2023). Revenue: ₹962.0m (down 76% from 2Q 2023). Net income: ₹107.5m (down 73% from 2Q 2023). Profit margin: 11% (up from 10% in 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Nov 02
NIIT Limited Declares Interim Dividend for the Financial Year 2023-2024 NIIT Limited declared an Interim Dividend of INR 0.50/- per Equity Share of face value of INR 2/- each fully paid-up for the financial year 2023-2024. Announcement • Oct 20
NIIT Limited to Report Q2, 2024 Results on Oct 31, 2023 NIIT Limited announced that they will report Q2, 2024 results on Oct 31, 2023 Recent Insider Transactions • Sep 15
Insider recently sold ₹2.1m worth of stock On the 11th of September, Rajiv Arora sold around 23k shares on-market at roughly ₹90.21 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹101m more than they bought in the last 12 months. Announcement • Aug 26
NIIT Limited, Annual General Meeting, Sep 27, 2023 NIIT Limited, Annual General Meeting, Sep 27, 2023, at 11:30 Indian Standard Time. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹0.17 (vs ₹3.42 in 1Q 2023) First quarter 2024 results: EPS: ₹0.17 (down from ₹3.42 in 1Q 2023). Revenue: ₹783.2m (down 81% from 1Q 2023). Net income: ₹23.2m (down 95% from 1Q 2023). Profit margin: 3.0% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Aug 03
NIIT Limited to Report Q1, 2024 Results on Aug 10, 2023 NIIT Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Recent Insider Transactions • Jun 12
Insider recently sold ₹23m worth of stock On the 7th of June, Sanjay Mal sold around 60k shares on-market at roughly ₹391 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹110m more than they bought in the last 12 months. New Risk • Jun 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.7% net profit margin). Significant insider selling over the past 3 months (₹5.7m sold). Price Target Changed • May 31
Price target increased by 7.6% to ₹425 Up from ₹395, the current price target is an average from 2 analysts. New target price is 6.1% above last closing price of ₹400. Stock is down 16% over the past year. The company posted earnings per share of ₹0.45 last year. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹0.45 (vs ₹17.12 in FY 2022) Full year 2023 results: EPS: ₹0.45 (down from ₹17.12 in FY 2022). Revenue: ₹3.79b (down 73% from FY 2022). Net income: ₹59.4m (down 97% from FY 2022). Profit margin: 1.6% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 61% per year, which means it is well ahead of earnings. Announcement • May 23
NIIT Limited to Report Q4, 2023 Results on May 29, 2023 NIIT Limited announced that they will report Q4, 2023 results on May 29, 2023 Recent Insider Transactions • Mar 11
President of GPS & Learning Delivery recently sold ₹5.4m worth of stock On the 9th of March, Udai Singh sold around 15k shares on-market at roughly ₹359 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹15m. Insiders have been net sellers, collectively disposing of ₹119m more than they bought in the last 12 months. Recent Insider Transactions • Feb 18
Insider recently sold ₹15m worth of stock On the 14th of February, Rajan Venkataraman sold around 43k shares on-market at roughly ₹355 per share. This transaction amounted to 86% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹138m more than they bought in the last 12 months. Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: ₹4.11 (vs ₹4.18 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.11 (down from ₹4.18 in 3Q 2022). Revenue: ₹4.55b (up 19% from 3Q 2022). Net income: ₹552.7m (down 1.2% from 3Q 2022). Profit margin: 12% (down from 15% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the IT industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Announcement • Jan 24
NIIT Limited to Report Q3, 2023 Results on Jan 31, 2023 NIIT Limited announced that they will report Q3, 2023 results on Jan 31, 2023 Recent Insider Transactions • Dec 15
President of GPS & Learning Delivery recently sold ₹8.3m worth of stock On the 13th of December, Udai Singh sold around 25k shares on-market at roughly ₹337 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹173m more than they bought in the last 12 months. Recent Insider Transactions • Dec 01
Insider recently sold ₹4.6m worth of stock On the 24th of November, Gaurav Nigam sold around 15k shares on-market at roughly ₹307 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹8.9m. Insiders have been net sellers, collectively disposing of ₹164m more than they bought in the last 12 months. Recent Insider Transactions • Nov 20
Insider recently sold ₹3.2m worth of stock On the 16th of November, Bimal Jain sold around 10k shares on-market at roughly ₹303 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹8.9m. Insiders have been net sellers, collectively disposing of ₹167m more than they bought in the last 12 months. Price Target Changed • Nov 16
Price target decreased to ₹355 Down from ₹420, the current price target is an average from 2 analysts. New target price is 16% above last closing price of ₹305. Stock is down 29% over the past year. The company is forecast to post earnings per share of ₹13.40 for next year compared to ₹17.12 last year. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Additional Non-Executive Independent Director Ravi Garikipati was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 19% share price gain to ₹331, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the IT industry in India. Total returns to shareholders of 269% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹250 per share. Reported Earnings • Oct 31
Second quarter 2023 earnings released: EPS: ₹2.95 (vs ₹3.92 in 2Q 2022) Second quarter 2023 results: EPS: ₹2.95 (down from ₹3.92 in 2Q 2022). Revenue: ₹3.92b (up 25% from 2Q 2022). Net income: ₹397.2m (down 24% from 2Q 2022). Profit margin: 10% (down from 17% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the IT industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Sep 10
Insider recently sold ₹8.9m worth of stock On the 8th of September, Bimaljeet Bhasin sold around 25k shares on-market at roughly ₹355 per share. This transaction amounted to 83% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹189m more than they bought in the last 12 months. Reported Earnings • Jul 14
Full year 2022 earnings released: EPS: ₹17.12 (vs ₹11.28 in FY 2021) Full year 2022 results: EPS: ₹17.12 (up from ₹11.28 in FY 2021). Revenue: ₹13.8b (up 45% from FY 2021). Net income: ₹2.30b (up 44% from FY 2021). Profit margin: 17% (in line with FY 2021). Over the next year, revenue is forecast to grow 27%, compared to a 14% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 60% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 26
President of GPS & Learning Delivery recently sold ₹3.0m worth of stock On the 21st of June, Udai Singh sold around 8k shares on-market at roughly ₹396 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹16m. Insiders have been net sellers, collectively disposing of ₹229m more than they bought in the last 12 months. Recent Insider Transactions • Jun 10
Insider recently sold ₹12m worth of stock On the 3rd of June, Devenderjit Chadha sold around 25k shares on-market at roughly ₹478 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹217m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 15% share price gain to ₹467, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 27x in the IT industry in India. Total returns to shareholders of 428% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹205 per share. Reported Earnings • May 26
Full year 2022 earnings released: EPS: ₹17.12 (vs ₹11.28 in FY 2021) Full year 2022 results: EPS: ₹17.12 (up from ₹11.28 in FY 2021). Revenue: ₹13.8b (up 45% from FY 2021). Net income: ₹2.30b (up 44% from FY 2021). Profit margin: 17% (in line with FY 2021). Over the next year, revenue is forecast to grow 27%, compared to a 15% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹473, the stock trades at a trailing P/E ratio of 32.2x. Average forward P/E is 28x in the IT industry in India. Total returns to shareholders of 438% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹250 per share. Price Target Changed • Apr 27
Price target increased to ₹590 Up from ₹435, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹565. Stock is up 228% over the past year. The company posted earnings per share of ₹11.28 last year. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Additional Non-Executive Independent Director Ravi Garikipati was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 24% share price gain to ₹584, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 31x in the IT industry in India. Total returns to shareholders of 670% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹268 per share.