BSE:539843

Stock Analysis Report

Executive Summary

NINtec Systems Limited provides software development services and solutions in India and internationally.


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has NINtec Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 539843 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

539843

-3.0%

IN IT

-3.9%

IN Market


1 Year Return

n/a

539843

3.5%

IN IT

4.5%

IN Market

Return vs Industry: Insufficient data to determine how 539843 performed against the Indian IT industry.

Return vs Market: Insufficient data to determine how 539843 performed against the Indian Market.


Shareholder returns

539843IndustryMarket
7 Day0%-3.0%-3.9%
30 Day0%-2.6%-3.9%
90 Day0%4.8%-2.1%
1 Yearn/a6.2%3.5%6.4%4.5%
3 Year-74.3%-74.3%63.8%54.3%19.4%12.8%
5 Yearn/a49.2%35.5%28.2%16.6%

Price Volatility Vs. Market

How volatile is NINtec Systems's share price compared to the market and industry in the last 5 years?


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Valuation

Is NINtec Systems undervalued compared to its fair value and its price relative to the market?

4.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 539843's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 539843's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 539843 is good value based on its PE Ratio (4.2x) compared to the IT industry average (10.6x).

PE vs Market: 539843 is good value based on its PE Ratio (4.2x) compared to the Indian market (12.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 539843's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 539843 is good value based on its PB Ratio (0.4x) compared to the IN IT industry average (0.9x).


Next Steps

Future Growth

How is NINtec Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.4%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NINtec Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has NINtec Systems performed over the past 5 years?

33.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 539843 has a high level of non-cash earnings.

Growing Profit Margin: 539843's current net profit margins (12.3%) are higher than last year (10.4%).


Past Earnings Growth Analysis

Earnings Trend: 539843's earnings have grown significantly by 33.4% per year over the past 5 years.

Accelerating Growth: 539843's earnings growth over the past year (77.1%) exceeds its 5-year average (33.4% per year).

Earnings vs Industry: 539843 earnings growth over the past year (77.1%) exceeded the IT industry 7.2%.


Return on Equity

High ROE: 539843's Return on Equity (10.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is NINtec Systems's financial position?


Financial Position Analysis

Short Term Liabilities: 539843's short term assets (₹76.3M) exceed its short term liabilities (₹10.8M).

Long Term Liabilities: 539843's short term assets (₹76.3M) exceed its long term liabilities (₹1.5M).


Debt to Equity History and Analysis

Debt Level: 539843 is debt free.

Reducing Debt: 539843 has not had any debt for past 5 years.

Debt Coverage: 539843 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 539843 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 539843 has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 539843's debt is covered by short term assets.


Next Steps

Dividend

What is NINtec Systems's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.7%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 539843's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 539843's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 539843's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 539843's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 539843's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Niraj Gemawat 0

4yrs

Tenure

₹600,000

Compensation

Mr. Niraj C. Gemawat has been Managing Director of Nintec Systems Limited since February 2016 and is responsible for Business Development and Management of the Finance Function. Mr. Gemawat serves as Chair ...


CEO Compensation Analysis

Compensation vs Market: Niraj's total compensation ($USD8.37K) is below average for companies of similar size in the Indian market ($USD50.27K).

Compensation vs Earnings: Niraj's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Niraj Gemawat
Chairman & MD4yrs₹600.00k18.17% 7.4m
Bharat Thaker
Chief Financial Officer4.1yrs₹1.32mno data
Sagar Sharma
Company Secretary & Compliance Officer1.1yrsno datano data

4.0yrs

Average Tenure

Experienced Management: 539843's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Niraj Gemawat
Chairman & MD4yrs₹600.00k18.17% 7.4m
Vipin Moharir
Non-Executive Non-Independent Director4yrsno datano data
Indrajeet Mitra
Non-Executive Non-Independent Director0yrsno data4.98% 2.0m
Rachana Gemawat
Non-Executive Non-Independent Director0yrsno data13.74% 5.6m
Vishal Shah
Independent Director4yrsno datano data
Hursh Jani
Independent Director4yrsno datano data
Bhushan Saluja
Independent Director4yrsno datano data
Somilkumar Ragvendr Mathur
Independent Director1.4yrsno datano data

4.0yrs

Average Tenure

46yo

Average Age

Experienced Board: 539843's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

NINtec Systems Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NINtec Systems Limited
  • Ticker: 539843
  • Exchange: BSE
  • Founded: 1997
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: ₹40.936m
  • Shares outstanding: 6.88m
  • Website: https://www.nintecsystems.com

Number of Employees


Location

  • NINtec Systems Limited
  • B-11, Corporate House
  • S.G. Highway
  • Ahmedabad
  • Gujarat
  • 380054
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
539843BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2016

Biography

NINtec Systems Limited provides software development services and solutions in India and internationally. The company offers technology services, including business analytics services; application engineering services; cloud services; and testing services, such as test automation, performance testing, functional testing, security testing and validation, usability and accessibility testing, regression testing, and others. It also provides security services, such as information and cyber security consulting, managed detection and response, and professional services. In addition, the company offers off/on-shore software product development, software migration, multimedia design and development, application development and maintenance, Web designing, digitization of engineering drawings, and search engine optimization services. It serves automotive, print media and publishing, banking and financial, and transportation and logistics industries. NINtec Systems Limited was founded in 1997 and is based in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 13:22
End of Day Share Price2020/01/08 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.