NINtec Systems Limited

NINtec Systems Limited

NINSYS.BO
NINtec Systems LimitedIN flagBombay Stock Exchange
908.90
INR
+11.45
- -
16.88BMarket Cap
NINtec Systems Limited
NINSYS.BO
(Bombay Stock Exchange)

Recent

price

908.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
- -
4.08
1.66
1.95
4.22
4.16
4.76
10.66
17.39
44.71
75.26
- -
91.64
Revenue per Share
- -
0.45
0.24
0.28
0.46
0.69
0.7
1.49
2.99
8.35
14.17
- -
17.24
Basic EPS, GAAP
- -
-8.4
-1.23
-0.28
-0.25
-0.34
0.08
0.32
3.39
3.5
9.88
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
17.57
3.75
4.29
4.7
5.39
6.09
7.57
10.47
18.98
33.15
- -
10
Book Value per Share
- -
17.57
4.06
4.23
4.7
5.39
6.08
7.48
10.43
18.82
33.02
- -
49.35
Tangible Book Value per Share
- -
3
18
19
19
19
19
19
19
19
19
- -
19
Basic Weighted Avg Shares
- -
12
30
36
78
77
88
198
323
830
1,398
1,702
1,702
Sales/Revenue/Turnover
- -
17.23
22.9
11.1
9.53
15.09
13.88
15.64
16.33
22.68
22.06
24.19
24.19
Operating Margin (%)
- -
- -
1
1
1
1
2
3
5
11
21
25
25
Depreciation Expense
- -
1
4
5
9
13
13
28
56
155
263
320
320
Net Income, GAAP
- -
30.9
31.02
31.84
28.21
23.12
23.98
24.75
24.85
24.11
24.77
25.23
25.23
Effective Tax Rate (%)
- -
10.96
14.46
14.34
10.93
16.54
14.81
14
17.18
18.68
18.83
18.81
18.81
Profit Margin (%)
50
28
49
53
61
95
111
135
179
335
562
890
890
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
24
21
19
19
LT Debt
52
51
75
79
87
100
113
139
194
350
613
916
916
Total Equity
- -
2.73
7.5
3.46
6.19
9.13
8.34
17.22
21.44
44.07
40.01
34.66
34.66
Return on Invested Capital (%)
- -
2.53
7.36
7.05
10.25
13.66
12.28
21.85
33.12
54.43
52.42
76.66
76.66
Return on Capital (%)
- -
2.53
7.34
6.99
10.25
13.65
12.28
21.85
33.12
56.72
54.37
79.88
79.88
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
20
- -
19
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
- -
19
Market Capitalization
8,170
7,375
7,389

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,350
- -
1,367
Cash, Cash Equivalents & STI
614
- -
751
Accounts Receivable, Net
597
- -
491
Inventories
- -
- -
- -
Total Current Liabilities
617
- -
477
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
35.7%
53.56%
49.36%
Free Cash Flow
127.44%
291.9%
41.02%
Net Income, GAAP
85.46%
96.55%
21.62%
Sales/Revenue/Turnover
73.82%
86.86%
21.72%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
148
232
319
830
2025
329
339
352
379
1,398
2026
388
417
433
464
1,702

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1.77
2.08
- -
8.35
2025
3.09
3.51
3.62
3.95
14.17
2026
4.12
4.24
4.17
4.71
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
NINtec Systems Limited is a global technology company headquartered in Ahmedabad, Gujarat, India, specializing in offshore software development services and solutions. Founded in 2015, the company provides a comprehensive range of services including business analytics; cloud advisory, infrastructure, integration, management and security; application engineering encompassing planning, design, development, implementation and maintenance; testing services such as automation, performance, functional, security, usability, accessibility, and regression testing; and artificial intelligence and machine learning solutions. Additional offerings include offshore software product development; software migration; multimedia design and development; web design; digitization of engineering drawings; search engine optimization; blockchain development; internet of things (IoT); process automation and software bots; cognitive AI solutions; and a suite of development expertise in .Net, game development, PHP, ERP systems, and mobile and wireless applications. The company serves diverse industries including automotive, print media and publishing, banking, financial services and insurance (BFSI), transportation and logistics, healthcare and life sciences, and manufacturing. NINtec operates globally with significant presence in Europe, particularly through its wholly owned subsidiary NINtec Systems B.V. in the Netherlands, and serves customers in over 30 countries across five continents. Recent strategic developments include a growing focus on cybersecurity, with investments in establishing Security Operations Centers (SOCs) in India and the Netherlands for real-time monitoring and security incident response, alongside strong collaborations with major cloud service providers such as Microsoft Azure and Google to build joint offerings in cybersecurity. The company is shifting from a pure outsourcing model to establishing local entities in key markets like Europe to enhance client proximity, increase billing efficiency and secure larger multi-year deals. Shareholders recently approved management changes, and institutional investors have increased their stake to 13.78%, reflecting confidence in the company’s strategic growth. NINtec continues to expand its export markets, leveraging European subsidiaries to deepen its reach in Nordic and Benelux regions, the UK, and North America. The company maintains a robust order book, with over 95% of its revenue generated from international clients, and emphasizes innovation and operational excellence to sustain profitable growth. Overall, NINtec Systems Limited operates as a technology-driven, innovative IT services company delivering end-to-end digital transformation solutions with a strong emphasis on AI/ML, cloud computing, cybersecurity, and next-generation software development to Fortune 500 clients and SMEs worldwide.