Cigniti Technologies - An analysis
Fundamental Outlook
Market Cap : INR 4550 cr
Almost debt free D/E ratio is 0.03, down from 0.08 in previous year
High ICR 102.37, up from 55 in previous year
PE of 20.58, IND PE is 35.93, ~0.6X of Industry PE, inexpensive stock amongst Industry peers
PEG of 1.62, decent
ROE = 26%
ROCE = 34.15% , ROCE 5yrs = 33.25%
Sales growth = 10.98%, Sales Growth 5 yrs =18.23%
Profit growth = 33.59%, Profit Growth 5 yrs = 12.71%
Promoter holding at 55.16%, significantly up in last two quarters since Co-forge acquisition
Cumulative FII/DII holding above 20%
Public holding < 25%
Sales and Profits have increased QoQ for the last 3 quarters
Sales and profits have been mostly in an upward trajectory on YoY for last 10 years
Technical Outlook
CMP : 1662
On weekly charts ,
Stock has experienced a significant downtrend and has bounced back appreciably and near ATH levels of 1900+.
LTP>EMA9>EMA21>EMA63>EMA200 - Bullish
RSI(weekly)=61
On daily charts
LTP < EMA 9 >EMA21 > EMA63 >EMA200
RSI(daily) =68, nearly overbought
Chart Patterns
No significant patterns, but stock is in overall bullish zone
Industry Outlook
Sector/Industry - IT/ITES
NIFTY has been beaten down and moving up from April 2025 lows.
A number of IT and related stocks are showing signs of turnaround and are leading/improving from a Relative Strength standpoint
Relative strength and momentum on 20 day time period is weakening.
RS = 108, relatively strong strength compared to Nifty 500
Momentum = 101, relatively Strong momentum compared to Nifty 500
Starting to leading, dips will be good investing opportunity
This scrip has significantly beaten the returns from the likes of LTTS and TATATech in the past 20 day time period
Management Guidance and Things to look forward to in next quarter
-Continued double digit revenue growth and especially in digital enegineering services
- EBITDA MARGIN of 14%
Future outlook
LTP 1662>1690>1780>1950
Disclosure 1 - Not Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Fundamental Outlook
Market Cap : INR 4550 cr
Almost debt free D/E ratio is 0.03, down from 0.08 in previous year
High ICR 102.37, up from 55 in previous year
PE of 20.58, IND PE is 35.93, ~0.6X of Industry PE, inexpensive stock amongst Industry peers
PEG of 1.62, decent
ROE = 26%
ROCE = 34.15% , ROCE 5yrs = 33.25%
Sales growth = 10.98%, Sales Growth 5 yrs =18.23%
Profit growth = 33.59%, Profit Growth 5 yrs = 12.71%
Promoter holding at 55.16%, significantly up in last two quarters since Co-forge acquisition
Cumulative FII/DII holding above 20%
Public holding < 25%
Sales and Profits have increased QoQ for the last 3 quarters
Sales and profits have been mostly in an upward trajectory on YoY for last 10 years
Technical Outlook
CMP : 1662
On weekly charts ,
Stock has experienced a significant downtrend and has bounced back appreciably and near ATH levels of 1900+.
LTP>EMA9>EMA21>EMA63>EMA200 - Bullish
RSI(weekly)=61
On daily charts
LTP < EMA 9 >EMA21 > EMA63 >EMA200
RSI(daily) =68, nearly overbought
Chart Patterns
No significant patterns, but stock is in overall bullish zone
Industry Outlook
Sector/Industry - IT/ITES
NIFTY has been beaten down and moving up from April 2025 lows.
A number of IT and related stocks are showing signs of turnaround and are leading/improving from a Relative Strength standpoint
Relative strength and momentum on 20 day time period is weakening.
RS = 108, relatively strong strength compared to Nifty 500
Momentum = 101, relatively Strong momentum compared to Nifty 500
Starting to leading, dips will be good investing opportunity
This scrip has significantly beaten the returns from the likes of LTTS and TATATech in the past 20 day time period
Management Guidance and Things to look forward to in next quarter
-Continued double digit revenue growth and especially in digital enegineering services
- EBITDA MARGIN of 14%
Future outlook
LTP 1662>1690>1780>1950
Disclosure 1 - Not Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
הערה
CIGNITITEC CMP 1794 now !!!!! day's high 1829
Going as expected :)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.