Cigniti Technologies Ltd Share Price

Computers - Software - Medium / Small

NSE: CIGNITITEC Small Cap ISIN: INE675C01017
As on 03 January 2025 at 10:49 IST
As on 03 January 2025 at 10:49 IST
1,743.80
-16.95
(-0.96%)
Over 1 Month
1.58%
Over 6 Months
28.31%
Over 1 Year
67.80%
Over 3 Years
225.94%

Cigniti Technologies Ltd Summary

Close 1,743.80
Open 1,767
High 1,767
Low 1,739
Volume 49,859
Net Turnover (in ₹) 35,90,70,326.45
52 Week High 1,970
52 Week Low 942.10
52Wk High / Low
942.10
1,970

Cigniti Technologies Ltd Key Financial Data

Market Cap (in ₹ Cr) 4,806.86
EPS (TTM) 32.49
Book Value (BV) 199.96
Div. Yield 0.17
P/E (TTM) 72.57
Price/Book Value 8.80
Delivery % 60.33
Face Value 10

Cigniti Technologies Ltd Key Ratios

P/E ratio 36.48
P/B ratio 6.77
EV to Sales 4.36
PEG Ratio -5.24
ROA 16.14
ROE 20.01
Debt-Equity 0.11
Net Profit Margin 12.02
Operating Profit Margin 19.07

Cigniti Technologies Ltd Peer Comparison

Company LTP Market Cap (in ₹ Cr)
Cigniti Technologies Ltd ₹1,760.60 ₹4,806.45
Tata Consultancy Services Ltd ₹4,184.25 ₹15,13,898.27
Infosys Ltd ₹1,957.65 ₹8,12,868.98
HCL Technologies Ltd ₹1,971.40 ₹5,34,971.94
Wipro Ltd ₹303.65 ₹3,17,898.31
LTIMindtree Ltd ₹5,752 ₹1,70,423.44

Cigniti Technologies Ltd News

Cigniti Technologies to convene board meeting

On 22 January 2025

01 Jan 2025

Cigniti Technologies allots 15,625 equity shares under ESOP

28 Dec 2024

Board of Cigniti Technologies approves scheme of amalgamation with Coforge

At meeting held on 27 December 2024

28 Dec 2024

Cigniti Technologies Ltd leads losers in 'A' group

C.E. Info Systems Ltd, Sunflag Iron & Steel Company Ltd, HEG Ltd and Mahanagar Telephone Nigam Ltd are among the other losers in the BSE's 'A' group today, 10 December 2024.

10 Dec 2024

Cigniti Technologies to hold board meeting

On 22 October 2024

17 Oct 2024

Cigniti Technologies Ltd Financials

Profit and Loss

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Total Revenue814.47709.99469.46323.75319.74
Total Expenses688.09572.87415.49264.10254.86
Profit Before Tax126.38137.1353.9759.6564.89
Profit After Tax94.79101.7239.2654.4459.65
Operating Profit after Depreciation128.53139.2157.0663.4469.07

Balance Sheet

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Fixed Assets34.7740.8850.9535.5542.48
Total Non Current Assets153.32169.56141.92115.33120.55
Total Current Assets523.43414.64361.80330.10266.84
TOTAL ASSETS676.74584.20503.73445.43387.39
Total Shareholder's Fund510.79436.74383.26350.58293.68

Cash Flow

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Net Cash from Operating Activities71.51120.7948.5561.3793
Net Cash used in Investing Activities-42.66-55.29-43.59-43.49-134.75
Net Cash used in Financing Activities-36.24-64.24-16.62-9.14-9.10

Cigniti Technologies Ltd Corporate Actions

No available data

About Cigniti Technologies Ltd

Cigniti Technologies is a Coforge company. It has established itself as a leading provider of Digital Assurance and Engineering. It is also expert in Software Testing, and Quality Engineering services. With over many years of experience, Cigniti operates within the Information Technology (IT) and Software Testing sector. It is delivering innovative solutions to clients worldwide.

The company was headquartered in Hyderabad, Telangana, India. Cigniti Technologies is driven by the vision of its founders. They are Mr. Ashwani Verma (Founder & CEO) and Mr. Srinivas Jonnalagadda (Co-Founder & CTO). Their leadership has been instrumental in positioning the company as a global leader in Digital Assurance and Engineering services.

Cigniti’s primary services include Digital Assurance, Digital Engineering, Software Testing, and Quality Engineering. These offerings cater to the evolving needs of businesses. It is ensuring that their digital transformation journeys are seamless and efficient.

Cigniti Technologies is recognized for its significant contributions to the IT sector. The promoter shareholding of the company is 22.61%. The registrar of the company is Aarthi Consultants Pvt. Ltd.

Here are the main managing promoters of the company:
  • C.V.Subramanyam    
  • Krishnan Venkatachary         
  • Sudhir Singh  
  • Pankaj Khanna           
  • Durgesh Kumar Singh

The registered office of Cigniti Technologies is located on the 6th Floor, Orion Block, “The V” (Ascendas) Plot #17 Software Units Layout, Madhapur, Hyderabad, Telangana 500081, India. A team of dedicated professionals committed to delivering high-quality services drives the company’s success.

Cigniti Technologies is dedicated to innovation and excellence. This has solidified its reputation as a trusted name in the IT and Software Testing industry. The company is focused on client satisfaction and technological advancement. These factors continue to drive its growth and success. It is reinforcing its status as a critical player in the sector.

Company History

Cigniti Technologies was initially incorporated as Chakkilam Infotech Private Limited on September 3, 1998. It has evolved significantly over the years. It initially focused on custom application development and maintenance. The company expanded its services to include e-publishing in partnership with TTI Incorporation, Baltimore, USA, in January 1999.

In 2011, Chakkilam Infotech acquired Cigniti Inc.. This is based in Irving, Texas, USA, and subsequently renamed itself Cigniti Technologies Ltd. This acquisition marked a significant milestone, enhancing the company’s capabilities and global reach. The following year, Cigniti Technologies acquired Gallop Solutions Inc.. This further strengthens its portfolio with proprietary testing IPs.

Cigniti Technologies has been recognized for its excellence and innovation. It has received numerous awards, including the Global Frost & Sullivan Customer Value Leadership Award in 2014. It has also received the BEST SME Award for Global Excellence by Business Today in 2015. The company achieved Level 5 of the CMMI Institute’s Capability Maturity Model Integration in 2015. This fact showcases its commitment to quality and continuous improvement.

In 2022, Cigniti Technologies expanded its services. It included Digital Engineering with the acquisition of Aparaa Digital (RoundSqr). This repositioned itself as a world leader in AI and IP-led Digital Assurance and Digital Engineering services. The company celebrated its 25th anniversary in 2023. This was done by announcing a dividend policy and launching new initiatives. It includes the AI-powered scriptless test automation platform on Instagram.

Today, Cigniti Technologies continues to pioneer the IT and Software Testing sector. It is helping global enterprises accelerate their digital transformation journeys. It has a strong focus on innovation, quality, and customer satisfaction. Cigniti Technologies remains dedicated to building a better future through technology-led transformation.

Cigniti Technologies’ early years were marked by rapid growth in software testing services. The company established its first significant testing centre in Hyderabad, India. This place became the foundation for its future expansion. During the early 2000s, they developed proprietary testing methodologies. These would later become industry standards.

The company has a strategic focus on independent software testing services. This began taking shape around 2008 when it started developing specialized testing frameworks and tools. Their early investments in test automation capabilities set them apart in the industry. It helped attract significant clients from various sectors, including banking, healthcare, and retail.

Throughout the 2010s, Cigniti Technologies expanded its global footprint. This was done by establishing offices in key markets, including the UK, Australia, and Canada. They developed BlueSwan, their proprietary next-generation testing platform. This platform integrated artificial intelligence and machine learning capabilities to enhance testing efficiency.

The company is committed to innovation. This led to the development of several specialized testing solutions for emerging technologies like IoT, cloud, and mobile applications. They established strategic partnerships with leading technology providers. It also had partnerships with testing tool vendors to strengthen its service offerings.

By the late 2010s, Cigniti had built a strong presence in advisory services. It is helping organizations develop their quality engineering strategies. They invested significantly in building Centers of Excellence (CoEs) for various industry verticals. This is developing deep domain expertise.

In 2020, Cigniti Technologies launched their AI-powered testing lab, focusing on intelligent test automation solutions. They also introduced specialized testing services for 5G applications and blockchain technologies. The company established a dedicated Innovation Hub in Silicon Valley. This was to collaborate with tech startups and accelerate testing solutions development. Their commitment to sustainability led to the implementation of green testing practices. It also led to environmentally conscious development methodologies across their global operations.

Cigniti Technologies Ltd Stock Analysis

  1. Annual revenue for Cigniti Technologies Ltd increased by 14.72% to ₹814.47 crore in FY 2024 from ₹709.99 crore in FY 2023.
  2. Annual Net Profit for Cigniti Technologies Ltd decreased by 6.82% to ₹94.79 crore in FY 2024 from ₹101.72 crore in FY 2023.
  3. Promoter Shareholding in Cigniti Technologies Ltd increased by 0.30% in the most recent quarter, from 22.61% in July 2024 to 22.68% in September 2024.
  4. Cigniti Technologies Ltd delivered a 1-year return of 67.80% compared to the Nifty 50, which provided a return of 11.64% as of the last trading session.
  5. Cigniti Technologies Ltd share price moved down by 0.96% from its previous close of INR ₹1,760.75. The latest Cigniti Technologies Ltd share price is INR ₹1,743.80.
  6. Cigniti Technologies Ltd share price today has been at a low of 1,737.90 and a high of 1,767. Over the past 52 weeks, the Cigniti Technologies Ltd share price has seen a low of 942.10 and a high of 1,970.

FAQ’s

What is the share price of Cigniti Technologies Ltd today?

Cigniti Technologies Ltd share price as on 3 Jan 2025 is ₹ 1743.8

What is the Market Cap of Cigniti Technologies Ltd?

The market cap of Cigniti Technologies Ltd stock is ₹4,806.86 Cr.

What is the PE Ratio of Cigniti Technologies Ltd?

The Price to Earnings (P/E) Ratio of Cigniti Technologies Ltd is 36.48

What is the PB Ratio of Cigniti Technologies Ltd?

The Price to Book (P/B) Ratio of Cigniti Technologies Ltd is 6.77

What is the 52 week high of Cigniti Technologies Ltd Share Price?

The 52 week high of Cigniti Technologies Ltd share price stands at ₹1,970

What is the 52 week low of Cigniti Technologies Ltd Share Price?

The 52 week low of Cigniti Technologies Ltd share price stands at ₹942.10

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