CIGNITITEC

Cigniti Technologies Ltd

Digital assurance and software-testing services provider

Information Technology›Information Technology›IT - Services›IT Enabled Services

cigniti.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-05-14

Stock price
₹1260.30
Market cap
3,472 Cr
Stock P/E
11.5
P/B
3.08
Dividend yield
0.7%
ROE (FY25)
20.8%
ROCE (FY25)
59.8%
Operating margin (FY25)
26.1%
OCF / EBITDA (FY25)
28.6%
OCF / EBITDA (3Y)
34.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Cigniti Technologies provides digital assurance and engineering services, centred on software testing, to customers in India and overseas, and is a Coforge subsidiary being merged into its parent.

Company snapshot

14thBy market cap

Ranked among 56 companies in IT Enabled Services.

What we see

Positives
  • ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 34% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricMar 2023Jun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025
Sales425 Cr440 Cr452 Cr468 Cr456 Cr468 Cr499 Cr516 Cr530 Cr534 Cr567 Cr579 Cr
Operating expenses (approx.)357 Cr377 Cr387 Cr332 Cr356 Cr355 Cr364 Cr431 Cr357 Cr356 Cr471 Cr476 Cr
EBITDA68 Cr62 Cr65 Cr136 Cr99 Cr114 Cr135 Cr85 Cr173 Cr178 Cr96 Cr104 Cr
OPM %16.1%14.1%14.3%29.1%21.8%24.3%27.1%16.5%32.6%33.3%17.0%17.9%
Other income4 Cr5 Cr5 Cr7 Cr16 Cr6 Cr18 Cr9 Cr17 Cr8 Cr20 Cr15 Cr
Interest1 Cr1 Cr1 Cr73 Cr71 Cr65 Cr71 Cr0.58 Cr84 Cr90 Cr0.70 Cr2 Cr
Depreciation7 Cr7 Cr8 Cr8 Cr8 Cr8 Cr9 Cr8 Cr8 Cr8 Cr6 Cr5 Cr
Profit before tax64 Cr59 Cr61 Cr63 Cr37 Cr17 Cr73 Cr86 Cr97 Cr89 Cr110 Cr108 Cr
Tax %22.9%24.0%25.3%23.9%27.1%37.5%27.0%25.7%24.7%25.9%25.0%25.4%
Net profit49 Cr45 Cr46 Cr48 Cr27 Cr11 Cr53 Cr64 Cr73 Cr66 Cr83 Cr80 Cr
EPS (₹)₹18.07₹16.34₹16.81₹17.60₹9.94₹3.85₹19.39₹23.28₹26.55₹23.94₹29.99₹29.15

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales619 Cr693 Cr816 Cr872 Cr897 Cr1,242 Cr1,648 Cr1,815 Cr2,014 CrSign in free for the trailing twelve months
Operating expenses (approx.)641 Cr642 Cr683 Cr743 Cr751 Cr1,113 Cr1,410 Cr1,307 Cr1,455 CrSign in free for the trailing twelve months
EBITDA-22 Cr52 Cr133 Cr129 Cr145 Cr129 Cr238 Cr508 Cr560 CrSign in free for the trailing twelve months
OPM %-3.6%7.5%16.3%14.8%16.2%10.4%14.4%28.0%27.8%Sign in free for the trailing twelve months
Other income0.19 Cr0.89 Cr27 Cr22 Cr13 Cr13 Cr15 Cr33 Cr50 CrSign in free for the trailing twelve months
Interest16 Cr17 Cr15 Cr8 Cr6 Cr5 Cr4 Cr290 Cr304 CrSign in free for the trailing twelve months
Depreciation17 Cr3 Cr3 Cr11 Cr12 Cr16 Cr26 Cr30 Cr34 CrSign in free for the trailing twelve months
Profit before tax-387 Cr33 Cr142 Cr131 Cr141 Cr122 Cr222 Cr220 Cr272 CrSign in free for the trailing twelve months
Tax %-2.0%2.3%-3.6%7.1%25.3%24.5%24.1%24.9%26.4%Sign in free for the trailing twelve months
Net profit-395 Cr32 Cr147 Cr122 Cr105 Cr92 Cr168 Cr166 Cr200 CrSign in free for the trailing twelve months
EPS (₹)₹-151.13₹12.08₹53.62₹43.87₹37.77₹32.72₹61.32₹60.68₹72.77Sign in free for the trailing twelve months
Dividend payout %————0.0%7.6%4.0%13.9%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity capital27 Cr27 Cr28 Cr28 Cr28 Cr28 Cr27 Cr27 Cr27 Cr
Reserves-67 Cr-20 Cr123 Cr239 Cr344 Cr432 Cr562 Cr711 Cr936 Cr
Borrowings139 Cr126 Cr81 Cr84 Cr16 Cr47 Cr30 Cr35 Cr—
Other liabilities129 Cr105 Cr76 Cr129 Cr144 Cr191 Cr226 Cr233 Cr276 Cr
Total liabilities228 Cr238 Cr308 Cr480 Cr532 Cr698 Cr846 Cr1,006 Cr1,239 Cr
Fixed assets (net)9 Cr7 Cr14 Cr17 Cr17 Cr33 Cr30 Cr23 Cr20 Cr
CWIP——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments——0 Cr49 Cr80 Cr120 Cr177 Cr250 Cr146 Cr
Loans & advances——1 Cr0.64 Cr0.64 Cr0 Cr0 Cr0 Cr128 Cr
Trade receivables103 Cr115 Cr124 Cr164 Cr158 Cr227 Cr255 Cr319 Cr409 Cr
Cash & bank16 Cr18 Cr61 Cr8 Cr26 Cr24 Cr44 Cr104 Cr199 Cr
Other assets100 Cr99 Cr108 Cr241 Cr251 Cr294 Cr340 Cr310 Cr337 Cr
Total assets228 Cr238 Cr308 Cr480 Cr532 Cr698 Cr846 Cr1,006 Cr1,239 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from operating activity-48 Cr35 Cr127 Cr87 Cr145 Cr38 Cr157 Cr129 Cr160 Cr
Cash from investing-3 Cr-3 Cr-7 Cr-136 Cr-44 Cr-52 Cr-56 Cr-38 Cr-18 Cr
Cash from financing53 Cr-29 Cr-135 Cr-13 Cr-14 Cr-20 Cr-69 Cr-40 Cr-18 Cr
Net cash flow2 Cr3 Cr-15 Cr-62 Cr84 Cr-34 Cr35 Cr56 Cr130 Cr
Free cash flow (OCF − Capex)-51 Cr32 Cr118 Cr80 Cr142 Cr18 Cr144 Cr124 Cr146 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROCE %—37.6%67.6%39.6%37.8%25.0%36.5%66.1%59.8%
ROE %—467.5%97.8%45.5%28.3%20.0%28.6%22.4%20.8%
Debtor days616055696466566474
Inventory days——0000000
Days payable312825252528262321
Cash conversion cycle303230443939314153
OCF / EBITDA %—67.6%95.6%67.3%99.6%29.6%66.1%25.5%28.6%
OCF / EBITDA % (3 years)——70.0%79.4%88.1%66.8%66.4%37.1%34.2%
Debt / equity—18.280.540.310.040.100.050.05—
Current ratio0.630.821.572.123.382.833.143.674.39
Net debt / EBITDA——0.150.59-0.070.17-0.06-0.14-0.36
Cigniti Technologies Ltd (CIGNITITEC) Financials | BullKarma