Cigniti Technologies Q4 FY22 Share Price & Earnings Call Analysis
- Market cap
- ₹3,257 Cr
- P/E
- 10.66
- ROE
- 25.96%
- PEG
- 0.31
- Price to sales
- 1.47
- Debt to equity
- 0.02
- Sales growth (5Y)
- 18.23%
- EBITDA margin
- 17.12%
- Net profit margin
- 10.96%
- Promoter holding
- 54.00%
- Sales (last year)
- ₹2,211 Cr
Guidance scorecard · Q4 FY22 call
What Cigniti Technologies Ltd's management guided
and where it ranks in IT - Services
RevenueQ3 FY24 call
10–20%- The company is optimistic about future growth despite global economic challenges.
- Expects high double-digit revenue growth next year, driven by a healthy order book and expanding digital services.
- Aims to grow digital business to 50%-55% of total revenue over 3-4 years, with digital engineering revenue moving from 12% to 18% in the short term.
- Digital engineering services have doubled in the last 12 months and are expected to continue growing at a similar pace.
- Order book stands at approximately $205 million for the next financial year, reflecting confidence in sustained growth.
2 more points from Cigniti Technologies Ltd's call on revenue
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MarginsQ3 FY24 call
FlatSee what Cigniti Technologies Ltd said on margins — free account, 30 seconds.
CapexQ3 FY24 call
Planned- The company is making significant investments in building capabilities in digital engineering and digital assurance, including hiring resources and creating a bench for digital deployment.
- Investments include spending on R&D to develop IT-enabled services and solutions.
- There has been notable expenditure on upgrading IT infrastructure, especially networking and cybersecurity tools, as a precaution against global cyber attacks.
- The company also invests in marketing and sales efforts to expand presence in digital segments.
2 more points from Cigniti Technologies Ltd's call on capex
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FundraisingQ3 FY24 call
See what Cigniti Technologies Ltd said on fundraising — free account, 30 seconds.
Order bookQ3 FY24 call
Rising- The current order book position of Cigniti Technologies remains healthy and continues to be in line with industry peers.
- The order book includes multi-year contracts, with revenue realization from these orders reflecting stability.
- Management expects double-digit growth in the next financial year, supported by a strong order book.
- Digital engineering specifically shows a growing contribution, with digital revenue constituting about 55-60% of total revenue.
2 more points from Cigniti Technologies Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
IT - Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹1,612 Cr | 37.6 | |
| 2 | 40%+ | Flat | ₹1,534 Cr | 131.2 | |
| 3 | 40%+ | Flat | ₹571 Cr | 24.8 | |
| 4 | 40%+ | Flat | ₹378 Cr | 26.9 | |
| 5 | 40%+ | Flat | ₹84 Cr | 8.3 | |
| 6 | 20–40% | Up 2%+ | ₹20,258 Cr | 42.4 |
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Pro shows every company guiding 40%+ revenue growth →Full IT - Services rankingFinancials of Cigniti Technologies Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Cigniti Technologies Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 428 | 425 | 440 | 452 | 468 | 456 | 468 | 499 | 516 | 530 | 534 | 567 | 579 |
| Expenses + | 364 | 357 | 377 | 387 | 403 | 426 | 419 | 434 | 431 | 441 | 445 | 471 | 476 |
| Operating Profit | 64 | 68 | 62 | 65 | 65 | 30 | 50 | 65 | 85 | 90 | 89 | 96 | 104 |
| OPM % | 15% | 16% | 14% | 14% | 14% | 7% | 11% | 13% | 16% | 17% | 17% | 17% | 18% |
| Other Income + | 8 | 4 | 5 | 5 | 7 | 16 | -24 | 18 | 9 | 17 | 8 | 20 | 10 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 9 | 8 | 8 | 8 | 6 | 5 |
| Profit before tax | 63 | 64 | 59 | 61 | 63 | 37 | 17 | 72 | 86 | 97 | 89 | 110 | 108 |
| Tax % | 27% | 23% | 24% | 25% | 24% | 27% | 38% | 27% | 26% | 25% | 26% | 25% | 25% |
| Net Profit + | 47 | 49 | 45 | 46 | 48 | 27 | 10 | 53 | 64 | 73 | 66 | 83 | 80 |
| EPS in Rs | 16.57 | 17.52 | 15.86 | 16.80 | 17.60 | 9.94 | 3.85 | 19.38 | 23.30 | 26.72 | 24.05 | 30.04 | 29.20 |
Financials of Cigniti Technologies Ltd
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 259 | 379 | 595 | 619 | 693 | 816 | 872 | 897 | 1,242 | 1,648 | 1,815 | 2,014 | 2,211 |
| Expenses + | 224 | 341 | 497 | 641 | 641 | 683 | 743 | 751 | 1,113 | 1,410 | 1,593 | 1,725 | 1,833 |
| Operating Profit | 36 | 38 | 98 | -22 | 52 | 133 | 129 | 145 | 129 | 238 | 222 | 289 | 378 |
| OPM % | 14% | 10% | 16% | -4% | 8% | 16% | 15% | 16% | 10% | 14% | 12% | 14% | 17% |
| Other Income + | 1 | 1 | 3 | -332 | 1 | 27 | 22 | 13 | 13 | 15 | 33 | 20 | 56 |
| Interest | 1 | 3 | 6 | 16 | 17 | 15 | 8 | 6 | 5 | 4 | 4 | 3 | 4 |
| Depreciation | 2 | 5 | 11 | 17 | 3 | 3 | 11 | 12 | 16 | 26 | 30 | 34 | 26 |
| Profit before tax | 33 | 31 | 84 | -387 | 33 | 142 | 131 | 141 | 122 | 222 | 220 | 272 | 404 |
| Tax % | 22% | 18% | 41% | 2% | 2% | -4% | 7% | 25% | 25% | 24% | 25% | 26% | |
| Net Profit + | 26 | 25 | 50 | -395 | 32 | 147 | 122 | 105 | 92 | 168 | 166 | 200 | 302 |
| EPS in Rs | 12.28 | 10.26 | 19.48 | -148.99 | 12.14 | 53.59 | 43.74 | 37.62 | 32.65 | 59.90 | 60.66 | 73.05 | 110.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 7% | 8% | 9% | 5% | 0% |
Financials of Cigniti Technologies Ltd
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 25 | 26 | 27 | 27 | 28 | 28 | 28 | 28 | 27 | 27 | 27 | 28 |
| Reserves | 92 | 244 | 334 | -67 | -20 | 123 | 239 | 344 | 432 | 562 | 711 | 936 | 1,101 |
| Borrowings + | 26 | 43 | 127 | 144 | 131 | 74 | 121 | 46 | 80 | 56 | 57 | 28 | 20 |
| Other Liabilities + | 47 | 72 | 149 | 125 | 100 | 83 | 91 | 114 | 158 | 201 | 211 | 248 | 330 |
| Total Liabilities | 185 | 384 | 636 | 228 | 238 | 308 | 480 | 532 | 698 | 846 | 1,006 | 1,239 | 1,479 |
| Fixed Assets + | 69 | 71 | 141 | 64 | 62 | 68 | 102 | 93 | 113 | 135 | 121 | 121 | 107 |
| CWIP | 10 | 55 | 64 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 49 | 80 | 120 | 177 | 250 | 146 | 41 |
| Other Assets + | 106 | 258 | 430 | 164 | 176 | 239 | 329 | 358 | 465 | 533 | 635 | 973 | 1,331 |
| Total Assets | 185 | 384 | 636 | 228 | 238 | 308 | 480 | 532 | 698 | 846 | 1,006 | 1,239 | 1,479 |
Financials of Cigniti Technologies Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 24 | -28 | 115 | -48 | 35 | 127 | 87 | 145 | 38 | 157 | 129 | 160 |
| Cash from Investing Activity + | -53 | -51 | -197 | -6 | -5 | -6 | -137 | -47 | -50 | -53 | -34 | -12 |
| Cash from Financing Activity + | 33 | 108 | 52 | 53 | -29 | -135 | -13 | -14 | -20 | -69 | -40 | -18 |
| Net Cash Flow | 4 | 28 | -30 | -1 | 1 | -14 | -63 | 84 | -31 | 35 | 56 | 130 |
| Free Cash Flow | -15 | -82 | 24 | -51 | 32 | 118 | 80 | 142 | 18 | 144 | 124 | 147 |
| CFO/OP | 69% | -74% | 118% | 129% | 82% | 107% | 70% | 119% | 52% | 90% | 89% | 77% |
Financials of Cigniti Technologies Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 90 | 130 | 108 | 61 | 60 | 55 | 69 | 64 | 67 | 57 | 64 | 74 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 90 | 130 | 108 | 61 | 60 | 55 | 69 | 64 | 67 | 57 | 64 | 74 |
| Working Capital Days | 16 | 94 | 2 | -62 | -30 | 11 | 25 | 38 | 36 | 39 | 44 | 80 |
| ROCE % | 32% | 15% | 23% | -13% | 41% | 86% | 45% | 36% | 26% | 38% | 31% | 34% |
Guidance history
How Cigniti Technologies Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q3 FY24 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY24 call → | 10–20% | Flat | None planned | — | Rising |
| Q1 FY24 call → | 0–10% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Cigniti Technologies Ltd's management said in earlier quarters
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