CIGNITITECCigniti Technologies

₹1706.8-1.26%

Market Cap

₹4,680.86 Cr

Stock P/E

16.41

ROCE

31.68%

ROE

23.64%

Book Value

₹410.92

Financials

YoY Net Sales

EPS Growth

Operating Margin

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No recent news available for this stock.

Shareholding

Holdings

Distribution

Promoter

Foreign Investors

Domestic Investors

Public

From Last Concall

POSITIVES

•
Q3 FY24 revenue grew 9.4% YoY to Rs 468 crore, with a 3.6% QoQ rise, signaling momentum.
•
EBITDA margin at 13.8% with EBITDA of Rs 64.5 crore, indicating healthy operating profitability.

NEGATIVES

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Revenue dent in a couple of logos due to client in-sourcing and a customer acquisition, with no revenue impact so far but signaling client-relationship risk.
•
Sales cycle is elongated as customers remain cautious in the current macro environment.

Peers Summary

Growth Outperformer

Cigniti Technologies Ltd. demonstrates strong growth metrics and efficient returns compared to its peers, making it a standout performer in the IT software sector. With a solid revenue growth rate and competitive profitability ratios, it is well-positioned for future performance despite a higher valuation multiple.

Key Points

• Cigniti has the highest revenue growth rate (YoY) at 10.98%.
• It features strong ROE at 23.64%, indicating effective management of equity.
• The company is relatively undervalued with a PEG ratio of 0.41, suggesting potential for growth relative to its price.
• Cigniti's EBITDA margin is competitive, supporting its profitability.
• Debt-to-equity ratio is zero, indicating no leverage risk.

Top Performers

Cigniti Technologies Ltd.

Highest revenue growth (YoY) and strong ROE, indicating effective management and growth potential.

Tata Consultancy Services Ltd.

Highest ROE and strong profitability metrics, but lower growth compared to Cigniti.

Infosys Ltd.

Solid growth metrics combined with good profitability, making it a reliable peer.

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