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Cigniti TechnologiesNSEI:CIGNITITEC Stock Report

Market Cap







27 Oct, 2021


Company Financials
CIGNITITEC fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance3/6
Financial Health6/6


Cigniti Technologies Limited provides software testing services worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for Cigniti Technologies
Historical stock prices
Current Share Price₹594.55
52 Week High₹310.25
52 Week Low₹678.00
1 Month Change3.91%
3 Month Change2.97%
1 Year Change34.17%
3 Year Change54.55%
5 Year Change42.32%
Change since IPO23.39%

Recent News & Updates

Sep 30
Investors Met With Slowing Returns on Capital At Cigniti Technologies (NSE:CIGNITITEC)

Investors Met With Slowing Returns on Capital At Cigniti Technologies (NSE:CIGNITITEC)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns


Return vs Industry: CIGNITITEC underperformed the Indian IT industry which returned 55.6% over the past year.

Return vs Market: CIGNITITEC underperformed the Indian Market which returned 62.5% over the past year.

Price Volatility

Is CIGNITITEC's price volatile compared to industry and market?
CIGNITITEC volatility
Industry Beta0.66
Market Beta1

Stable Share Price: CIGNITITEC is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CIGNITITEC's weekly volatility (5%) has been stable over the past year.

About the Company

19982,156Srikanth Chakkilam

Cigniti Technologies Limited provides software testing services worldwide. It offers quality assurance services, such as test automation, security testing, regression testing, performance testing, mobile testing, functional testing, crowdsourced testing, and compatibility testing. The company also provides quality engineering services, including agile testing, DevOps testing, service virtualization, and test data management; and digital assurance services comprising robotic process automation, medical device testing, ERP testing, big data and analytics testing, and digital assurance and testing; and test advisory and transformation services, as well as artificial intelligence testing, Internet of Things testing, and blockchain testing services.

Cigniti Technologies Fundamentals Summary

How do Cigniti Technologies's earnings and revenue compare to its market cap?
CIGNITITEC fundamental statistics
Market Cap₹16.98b
Earnings (TTM)₹936.03m
Revenue (TTM)₹10.29b


P/E Ratio


P/S Ratio

Is CIGNITITEC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CIGNITITEC income statement (TTM)
Cost of Revenue₹6.14b
Gross Profit₹4.15b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date


Earnings per share (EPS)33.37
Gross Margin40.35%
Net Profit Margin9.09%
Debt/Equity Ratio8.0%

How did CIGNITITEC perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is Cigniti Technologies undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: CIGNITITEC (₹594.55) is trading above our estimate of fair value (₹270.26)

Significantly Below Fair Value: CIGNITITEC is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: CIGNITITEC is good value based on its PE Ratio (18.1x) compared to the Indian IT industry average (30.9x).

PE vs Market: CIGNITITEC is good value based on its PE Ratio (18.1x) compared to the Indian market (21x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: CIGNITITEC is overvalued based on its PB Ratio (4.1x) compared to the IN IT industry average (2.3x).

Future Growth

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


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 Cigniti Technologies 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.

Past Performance

How has Cigniti Technologies performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CIGNITITEC has high quality earnings.

Growing Profit Margin: CIGNITITEC's current net profit margins (9.1%) are lower than last year (12.5%).

Past Earnings Growth Analysis

Earnings Trend: CIGNITITEC's earnings have grown significantly by 49.7% per year over the past 5 years.

Accelerating Growth: CIGNITITEC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CIGNITITEC had negative earnings growth (-16.2%) over the past year, making it difficult to compare to the IT industry average (23.2%).

Return on Equity

High ROE: CIGNITITEC's Return on Equity (22.8%) is considered high.

Financial Health

How is Cigniti Technologies's financial position?

Financial Position Analysis

Short Term Liabilities: CIGNITITEC's short term assets (₹4.8B) exceed its short term liabilities (₹1.5B).

Long Term Liabilities: CIGNITITEC's short term assets (₹4.8B) exceed its long term liabilities (₹372.9M).

Debt to Equity History and Analysis

Debt Level: CIGNITITEC's debt to equity ratio (8%) is considered satisfactory.

Reducing Debt: CIGNITITEC's debt to equity ratio has reduced from 23.9% to 8% over the past 5 years.

Debt Coverage: CIGNITITEC's debt is well covered by operating cash flow (232.8%).

Interest Coverage: CIGNITITEC earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CIGNITITEC's dividend (0.41%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: CIGNITITEC's dividend (0.41%) is low compared to the top 25% of dividend payers in the Indian market (1.4%).

Stability and Growth of Payments

Stable Dividend: Too early to tell whether CIGNITITEC's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if CIGNITITEC's dividend payments are increasing as they only just started paying a dividend.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (7.5%), CIGNITITEC's dividend payments are thoroughly covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


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


Average management tenure


Srikanth Chakkilam (36 yo)

no data




Mr. Srikanth Chakkilam is a Co-Founder of AasaanPay Solutions India Private Limited. Mr. Chakkilam serves as Chief Executive Officer of Cigniti Technologies Limited. Mr. Chakkilam served as Chief Executive...

CEO Compensation Analysis

Compensation vs Market: Srikanth's total compensation ($USD586.42K) is above average for companies of similar size in the Indian market ($USD192.44K).

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

Leadership Team

Experienced Management: CIGNITITEC's management team is considered experienced (4.1 years average tenure).

Board Members

Experienced Board: CIGNITITEC's board of directors are considered experienced (4.3 years average tenure).


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

Insider Trading Volume

Insider Buying: CIGNITITEC insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

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

Top Shareholders

Company Information

Cigniti Technologies Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Cigniti Technologies Limited
  • Ticker: CIGNITITEC
  • Exchange: NSEI
  • Founded: 1998
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: ₹16.979b
  • Shares outstanding: 28.05m
  • Website:

Number of Employees


  • Cigniti Technologies Limited
  • 6-3-456/C, MGR Estates
  • Suit No. 106 & 107
  • Hyderabad
  • 500082
  • India


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/27 12:05
End of Day Share Price2021/10/27 00:00
Annual Earnings2021/03/31

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.