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Cigniti Technologies

NSEI:CIGNITI
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CIGNITI
NSEI
₹10B
Market Cap
  1. Home
  2. IN
  3. Software
Company description

Cigniti Technologies Limited provides software testing services in India, the United States, the United Kingdom, Canada, Australia, and South Africa. The last earnings update was 85 days ago. More info.


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CIGNITI Share Price and Events
7 Day Returns
-4.9%
NSEI:CIGNITI
2.1%
IN IT
-1.1%
IN Market
1 Year Returns
47.5%
NSEI:CIGNITI
19.7%
IN IT
-2.2%
IN Market
CIGNITI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cigniti Technologies (CIGNITI) -4.9% 16.9% -3.4% 47.5% -21.8% -
IN IT 2.1% 8.2% 10.4% 19.7% 50.5% 85.2%
IN Market -1.1% 1.6% 6.7% -2.2% 40.3% 72%
1 Year Return vs Industry and Market
  • CIGNITI outperformed the IT industry which returned 19.7% over the past year.
  • CIGNITI outperformed the Market in India which returned -2.2% over the past year.
Price Volatility
CIGNITI
Industry
5yr Volatility vs Market

CIGNITI Value

 Is Cigniti Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Cigniti Technologies. This is due to cash flow or dividend data being unavailable. The share price is ₹354.1.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cigniti Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cigniti Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:CIGNITI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹50.22
BSE:534758 Share Price ** BSE (2019-04-26) in INR ₹352.4
India IT Industry PE Ratio Median Figure of 85 Publicly-Listed IT Companies 15.98x
India Market PE Ratio Median Figure of 2,740 Publicly-Listed Companies 16.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cigniti Technologies.

NSEI:CIGNITI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:534758 Share Price ÷ EPS (both in INR)

= 352.4 ÷ 50.22

7.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cigniti Technologies is good value based on earnings compared to the IN IT industry average.
  • Cigniti Technologies is good value based on earnings compared to the India market.
Price based on expected Growth
Does Cigniti Technologies's expected growth come at a high price?
Raw Data
NSEI:CIGNITI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
10.9%per year
India IT Industry PEG Ratio Median Figure of 21 Publicly-Listed IT Companies 1.31x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

NSEI:CIGNITI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.02x ÷ 10.9%

0.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cigniti Technologies is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Cigniti Technologies's assets?
Raw Data
NSEI:CIGNITI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹31.32
BSE:534758 Share Price * BSE (2019-04-26) in INR ₹352.4
India IT Industry PB Ratio Median Figure of 108 Publicly-Listed IT Companies 1.39x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
NSEI:CIGNITI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:534758 Share Price ÷ Book Value per Share (both in INR)

= 352.4 ÷ 31.32

11.25x

* Primary Listing of Cigniti Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cigniti Technologies is overvalued based on assets compared to the IN IT industry average.
X
Value checks
We assess Cigniti Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Cigniti Technologies has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CIGNITI Future Performance

 How is Cigniti Technologies expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cigniti Technologies expected to grow at an attractive rate?
  • Cigniti Technologies's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Cigniti Technologies's earnings growth is positive but not above the India market average.
  • Cigniti Technologies's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:CIGNITI Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:CIGNITI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 10.9%
NSEI:CIGNITI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 13.2%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:CIGNITI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:CIGNITI Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 9,415 1,595 1
2019-03-31 8,259 1,473 1
NSEI:CIGNITI Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 8,010 1,373
2018-09-30 7,596 1,167
2018-06-30 7,195 770
2018-03-31 6,933 350 322
2017-12-31 6,420 -4,329
2017-09-30 6,215 -4,624
2017-06-30 6,227 -4,575
2017-03-31 6,193 -483 -3,948
2016-12-31 6,569 168
2016-09-30 6,572 537
2016-06-30 6,297 526
2016-03-31 5,948 1,153 497

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cigniti Technologies's earnings are expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
  • Cigniti Technologies's revenue is expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:CIGNITI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Cigniti Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CIGNITI Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31 57.95 57.95 57.95 1.00
2019-03-31 53.53 53.53 53.53 1.00
NSEI:CIGNITI Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 50.22
2018-09-30 43.17
2018-06-30 28.71
2018-03-31 12.08
2017-12-31 -163.96
2017-09-30 -172.40
2017-06-30 -170.90
2017-03-31 -151.13
2016-12-31 6.53
2016-09-30 21.14
2016-06-30 20.99
2016-03-31 19.89

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Cigniti Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cigniti Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cigniti Technologies has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CIGNITI Past Performance

  How has Cigniti Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cigniti Technologies's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cigniti Technologies's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Cigniti Technologies has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Cigniti Technologies has become profitable in the last year making it difficult to compare the IN IT industry average.
Earnings and Revenue History
Cigniti Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cigniti Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CIGNITI Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 8,009.74 1,372.74 204.71
2018-09-30 7,596.14 1,167.35 204.71
2018-06-30 7,195.11 770.12 204.71
2018-03-31 6,932.81 321.73 204.71
2017-12-31 6,419.66 -4,329.23 235.73
2017-09-30 6,214.51 -4,623.72 235.73
2017-06-30 6,226.76 -4,574.52 235.73
2017-03-31 6,192.56 -3,948.27 232.89
2016-12-31 6,569.15 168.21 738.01
2016-09-30 6,571.66 537.44 738.01
2016-06-30 6,296.80 525.52
2016-03-31 5,948.36 496.76 192.96
2015-12-31 5,505.28 374.66 1,141.95
2015-09-30 4,974.33 371.58 1,141.95
2015-06-30 4,319.13 308.39
2015-03-31 3,800.36 253.51 528.46
2014-12-31 3,350.09 357.78 358.87
2014-09-30 3,038.42 285.74 358.87
2014-06-30 2,846.22 273.38
2014-03-31 2,591.00 255.45 793.97
2013-12-31 2,302.64 148.14 314.59
2013-09-30 1,968.94 115.18 314.59
2013-06-30 1,717.75 77.28
2013-03-31 1,508.78 50.04 178.84
2012-12-31 1,326.47 53.77 30.70
2012-09-30 959.02 34.59 30.70
2012-06-30 622.02 21.75 30.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Cigniti Technologies made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Cigniti Technologies used its assets more efficiently than the IN IT industry average last year based on Return on Assets.
  • Cigniti Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cigniti Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cigniti Technologies has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CIGNITI Health

 How is Cigniti Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cigniti Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cigniti Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cigniti Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cigniti Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cigniti Technologies Company Filings, last reported 3 months ago.

NSEI:CIGNITI Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 860.25 951.04 384.84
2018-09-30 860.25 951.04 384.84
2018-06-30 68.83 1,313.84 183.36
2018-03-31 68.83 1,313.84 183.36
2017-12-31 -278.30 1,277.04 174.05
2017-09-30 -278.30 1,277.04 174.05
2017-06-30 -408.11 1,441.75 162.64
2017-03-31 -408.12 1,438.47 162.64
2016-12-31 3,979.14 952.83 144.60
2016-09-30 3,979.14 952.83 144.60
2016-06-30 3,596.24 965.66 41.70
2016-03-31 3,596.24 1,270.47 41.70
2015-12-31 3,136.68 388.50 171.48
2015-09-30 3,136.68 388.50 171.48
2015-06-30 2,393.45 430.77 338.94
2015-03-31 2,690.76 430.77 338.94
2014-12-31 1,608.18 294.81 88.95
2014-09-30 1,608.18 294.81 88.95
2014-06-30 989.15 412.36 56.51
2014-03-31 1,124.16 256.12 56.51
2013-12-31 820.67 323.69 23.30
2013-09-30 820.67 323.69 23.30
2013-06-30 558.54 190.57 19.90
2013-03-31 558.54 196.07 19.90
2012-12-31 423.27 187.49 0.73
2012-09-30 423.27 187.49 0.73
2012-06-30 380.83 159.06 14.01
  • Cigniti Technologies's level of debt (110.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (39.2% vs 110.6% today).
  • Debt is well covered by operating cash flow (36.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 28.3x coverage).
X
Financial health checks
We assess Cigniti Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cigniti Technologies has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CIGNITI Dividends

 What is Cigniti Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Cigniti Technologies dividends.
If you bought ₹2,000 of Cigniti Technologies shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Cigniti Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cigniti Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:CIGNITI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India IT Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 1.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:CIGNITI Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2020-03-31
2019-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Cigniti Technologies has not reported any payouts.
  • Unable to verify if Cigniti Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cigniti Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cigniti Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Cigniti Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cigniti Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cigniti Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CIGNITI Management

 What is the CEO of Cigniti Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Srikanth Chakkilam
COMPENSATION ₹2,000,000
AGE 33
TENURE AS CEO 2.1 years
CEO Bio

Mr. Srikanth Chakkilam is a Co-Founder of AasaanPay Solutions India Private Limited. Mr. Chakkilam has been Chief Executive Officer of Cigniti Technologies Limited since March 2017 and served as its Executive Vice President of Marketing and oversees marketing functions including corporate branding and positioning, sales support, communication, market research, public relations, analyst relations and corporate social responsibility. He served as an Executive Director of Cigniti Technologies Ltd. since September 16, 2013 until May 18, 2017. Mr. Chakkilam focuses on positioning and branding, competitive analysis and works with the sales and delivery teams to create new service offerings and oversees marketing lead generation via various online and offline programs. He is passionate about corporate social responsibility and has initiated various programs where Cigniti's employees work with NGOs to improve education standards. He joined Cigniti in 2008 and has since played a key role in repositioning it as an Independent Testing Services company. He setup and created the lead generation and presales processes at Cigniti and defined service offerings in conjunction with the sales and delivery teams. He has been a Non Executive Director of Cigniti Technologies Limited since May 18, 2017. Mr. Chakkilam holds an MS in Computer Science from University of Southern California (USC) and has undertaken a Management Program at the NYU Stern School of Business.

CEO Compensation
  • Srikanth's compensation has been consistent with company performance over the past year.
  • Srikanth's remuneration is higher than average for companies of similar size in India.
Management Team

Chakkilam Subramanyam

TITLE
Chairman & MD
COMPENSATION
₹12M

Srikanth Chakkilam

TITLE
CEO & Non-Executive Director
COMPENSATION
₹2M
AGE
33
TENURE
2.1 yrs

Krishnan Venkatachary

TITLE
Chief Financial Officer
COMPENSATION
₹7M

A. Vasudha

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹720K

Pradeep Govindasamy

TITLE
Chief Technology Officer
TENURE
4.3 yrs

Gary Smith

TITLE
Executive Vice President of Sales - North America

Kalyan Rao

TITLE
President of NA East
Board of Directors Tenure

Average tenure and age of the Cigniti Technologies board of directors in years:

1.8
Average Tenure
59
Average Age
  • The average tenure for the Cigniti Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors

Chakkilam Subramanyam

TITLE
Chairman & MD
COMPENSATION
₹12M

Srikanth Chakkilam

TITLE
CEO & Non-Executive Director
COMPENSATION
₹2M
AGE
33
TENURE
5.6 yrs

Phaneesh Murthy

TITLE
Independent Director
AGE
55
TENURE
2.3 yrs

Ram Agarwal

TITLE
Director
COMPENSATION
₹900K
AGE
66
TENURE
1.8 yrs

Nooraine Fazal

TITLE
Independent Director
COMPENSATION
₹800K
TENURE
1.8 yrs

Srinath Batni

TITLE
Independent Director
COMPENSATION
₹600K
TENURE
1.7 yrs

Kolla China Rao

TITLE
Independent & Non-Executive Director
AGE
63
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
26. Dec 18 Sell Pennam Sudhakar Individual 24. Dec 18 24. Dec 18 -50,000 ₹370.00 ₹-18,499,999
03. Dec 18 Sell Pennam Sudhakar Individual 29. Nov 18 29. Nov 18 -3,000 ₹391.14 ₹-1,173,434
30. Nov 18 Sell Pennam Sudhakar Individual 28. Nov 18 28. Nov 18 -16,700 ₹363.88 ₹-6,076,781
24. Sep 18 Sell Pennam Sudhakar Individual 21. Sep 18 21. Sep 18 -34,195 ₹387.61 ₹-13,254,321
24. Sep 18 Sell Sapna Pennam Individual 21. Sep 18 21. Sep 18 -54,108 ₹385.33 ₹-20,849,379
18. Sep 18 Sell Sapna Pennam Individual 17. Sep 18 17. Sep 18 -256,000 ₹388.22 ₹-99,385,093
18. Sep 18 Sell Sapna Pennam Individual 17. Sep 18 17. Sep 18 -256,000 ₹388.22 ₹-99,385,093
10. Sep 18 Sell Kumar Kukunuru Individual 06. Sep 18 07. Sep 18 -5,000 ₹394.59 ₹-1,972,962
10. Sep 18 Sell K. Bapuji Individual 06. Sep 18 07. Sep 18 -5,000 ₹394.59 ₹-1,972,962
31. Aug 18 Sell Pennam Sudhakar Individual 30. Aug 18 30. Aug 18 -22,402 ₹397.05 ₹-8,894,774
29. Aug 18 Sell Pennam Sudhakar Individual 27. Aug 18 28. Aug 18 -191,111 ₹383.83 ₹-73,313,712
16. Aug 18 Sell Pennam Sudhakar Individual 10. Aug 18 10. Aug 18 -13,024 ₹435.26 ₹-5,668,872
10. Aug 18 Sell Pennam Sudhakar Individual 07. Aug 18 09. Aug 18 -14,255 ₹446.64 ₹-6,333,191
07. Aug 18 Sell Pennam Sudhakar Individual 03. Aug 18 03. Aug 18 -18,000 ₹441.06 ₹-7,939,116
X
Management checks
We assess Cigniti Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cigniti Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CIGNITI News

Simply Wall St News

Does Cigniti Technologies's (NSE:CIGNITI) Share Price Gain of 25% Match Its Business Performance?

While Cigniti Technologies Limited (NSE:CIGNITI) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 16% in the last quarter. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During the last year Cigniti Technologies grew its earnings per share, moving from a loss to a profit.

Simply Wall St -

Understanding Your Return On Investment In Cigniti Technologies Limited (NSE:CIGNITI)

and want to begin learning the link between Cigniti Technologies Limited (NSE:CIGNITI)’s return fundamentals and stock market performance. … Thus, to understand how your money can grow by investing in Cigniti Technologies, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … Calculating Return On Capital Employed for CIGNITI

Simply Wall St -

What Percentage Of Cigniti Technologies Limited (NSE:CIGNITI) Shares Do Insiders Own?

A look at the shareholders of Cigniti Technologies Limited (NSE:CIGNITI) can tell us which group is most powerful. … Cigniti Technologies is not a large company by global standards. … Check out our latest analysis for Cigniti Technologies

Simply Wall St -

What You Must Know About Cigniti Technologies Limited's (NSE:CIGNITI) Financial Strength

Cigniti Technologies Limited (NSE:CIGNITI) is a small-cap stock with a market capitalization of ₹9.19b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Who Are The Major Shareholders Of Cigniti Technologies Limited (NSE:CIGNITI)?

View our latest analysis for Cigniti Technologies NSEI:CIGNITI Ownership_summary May 19th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Next Steps: Institutional ownership in CIGNITI is not at a level that would concern investors.

Simply Wall St -

Can Cigniti Technologies Limited (NSE:CIGNITI) Improve Your Portfolio Returns?

Generally, an investor should consider two types of risk that impact the market value of CIGNITI. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Based on this beta value, CIGNITI appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market.

Simply Wall St -

Who Are Cigniti Technologies Limited's (NSE:CIGNITI) Major Shareholders?

View our latest analysis for Cigniti Technologies NSEI:CIGNITI Ownership_summary Feb 16th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Next Steps: With a low level of institutional ownership, investors in CIGNITI need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Is Cigniti Technologies Limited's (NSE:CIGNITI) CEO Paid Enough To Stay Motivated?

See our latest analysis for Cigniti Technologies What has been the trend in CIGNITI's earnings? … In the past year, CIGNITI produced negative earnings of -₹4,623.7M , compared to the previous year's positive earnings. … Typically I would use earnings and market cap to account for variations in performance, however, CIGNITI's negative earnings reduces the usefulness of my formula.

Simply Wall St -

CIGNITI Company Info

Description

Cigniti Technologies Limited provides software testing services in India, the United States, the United Kingdom, Canada, Australia, and South Africa. The company offers functional testing, test automation, compatibility testing, performance testing, regression testing, security testing, ERP testing, selenium testing, QC to ALM migration, and testing center of excellence. It also provides quality engineering services, including agile testing, DevOps testing, service virtualization, and test data management services; and mobile testing, digital assurance and testing, big data and analytics testing, e-commerce testing, medical device testing, salesforce testing, and game testing services; and test advisory and transformation services. The company offers its services to airlines, banking, communications, energy and utilities, financial services, insurance, and retail industries. The company was formerly known as Chakkilam Infotech Limited and changed its name to Cigniti Technologies Limited. Cigniti Technologies Limited was founded in 1998 and is headquartered in Hyderabad, India.

Details
Name: Cigniti Technologies Limited
CIGNITI
Exchange: NSEI
Founded: 1998
₹9,823,581,921
27,664,269
Website: http://www.cigniti.com
Address: Cigniti Technologies Limited
Suit No. 106 &107,
6-3-456/C, MGR Estates,
Hyderabad,
Andhra Pradesh, 500082,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 534758 Equity Shares Mumbai Stock Exchange IN INR 09. Jul 2008
NSEI CIGNITI Equity Shares National Stock Exchange of India IN INR 09. Jul 2008
Number of employees
Current staff
Staff numbers
0
Cigniti Technologies employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/26 13:07
End of day share price update: 2019/04/26 00:00
Last estimates confirmation: 2019/04/05
Last earnings filing: 2019/01/31
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.