Cigniti Technologies Limited provides software testing services worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||₹594.55|
|52 Week High||₹310.25|
|52 Week Low||₹678.00|
|1 Month Change||3.91%|
|3 Month Change||2.97%|
|1 Year Change||34.17%|
|3 Year Change||54.55%|
|5 Year Change||42.32%|
|Change since IPO||23.39%|
Recent News & Updates
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...
|CIGNITITEC||IN IT||IN Market|
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.
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
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
|CIGNITITEC fundamental statistics|
Is CIGNITITEC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CIGNITITEC income statement (TTM)|
|Cost of Revenue||₹6.14b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||33.37|
|Net Profit Margin||9.09%|
How did CIGNITITEC perform over the long term?See historical performance and comparison
0.4%Current Dividend Yield
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).
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Srikanth Chakkilam (36 yo)
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.
Experienced Management: CIGNITITEC's management team is considered experienced (4.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cigniti Technologies Limited's employee growth, exchange listings and data sources
- 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: https://www.cigniti.com
Number of Employees
- Cigniti Technologies Limited
- 6-3-456/C, MGR Estates
- Suit No. 106 & 107
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/27 12:05|
|End of Day Share Price||2021/10/27 00:00|
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.