Cigniti Technologies Ltd
Cigniti Technologies Limited provides digital assurance and software testing services in India, the United States of America, and internationally. The company offers digital assurance services, such as artificial intelligence, Internet of Things, blockchain, big data and analytics, and mobile testing services, as well as security assurance, robotic process automation, cloud migration assurance, and 5G assurance services. It also provides quality engineering services, including accessibility, DevOps, compatibility, functional, performance, security, regression, test automation, and crowdsourced testing. In addition, the company offers enterprise application assurance services comprising medical device testing, ERP testing, and salesforce testing; test management services, such as agile testing, service virtualization, and test data management; and test advisory and transformation services. Further, it provides digital engineering services, including legacy modernization, product engineering, enterprise application integration, modern AMS (application management services), SDLC automation, agile transformation, and agile transformation, as well as various artificial intelligence (AI) platforms. It serves banking and financial services, insurance, travel, transportation and hospitality, retail and consumer goods, public sector, and healthcare and life sciences industries. The company was formerly known as Chakkilam Infotech Limited and changed its name to Cigniti Technologies Limited. The company was incorporated in 1998 and is headquartered in Hyderabad, India. As of December 20, 2024, Cigniti Technologies Limited operates as a subsidiary of Coforge Limited.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Jun has averaged the highest return (+15.0%); Dec the lowest (-4.2%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.0%Neutral MonthJan 2026: -0.99% | -27.3%Negative MonthFeb 2026: -27.28% | -7.0%Negative MonthMar 2026: -7.02% | +7.8%Positive MonthApr 2026: +7.76% | +6.7%Positive MonthMay 2026: +6.73% | β | β | β | β | β | β | β |
| 2025 | -15.0%Negative MonthJan 2025: -14.99% | -10.4%Negative MonthFeb 2025: -10.42% | +9.9%Positive MonthMar 2025: +9.93% | -7.8%Negative MonthApr 2025: -7.76% | +17.9%Positive MonthMay 2025: +17.92% | +13.9%Positive MonthJun 2025: +13.86% | -8.1%Negative MonthJul 2025: -8.15% | -1.9%Neutral MonthAug 2025: -1.95% | -7.2%Negative MonthSep 2025: -7.20% | +13.6%Positive MonthOct 2025: +13.55% | +8.0%Positive MonthNov 2025: +8.00% | -11.8%Negative MonthDec 2025: -11.75% |
| 2024 | -6.3%Negative MonthJan 2024: -6.31% | +5.8%Positive MonthFeb 2024: +5.76% | +19.6%Positive MonthMar 2024: +19.61% | +5.8%Positive MonthApr 2024: +5.82% | -1.5%Neutral MonthMay 2024: -1.54% | +3.2%Positive MonthJun 2024: +3.18% | +0.3%Neutral MonthJul 2024: +0.28% | +0.9%Neutral MonthAug 2024: +0.92% | +1.1%Neutral MonthSep 2024: +1.06% | +1.5%Neutral MonthOct 2024: +1.48% | +17.6%Positive MonthNov 2024: +17.65% | +4.9%Positive MonthDec 2024: +4.88% |
| 2023 | +14.3%Positive MonthJan 2023: +14.33% | +16.4%Positive MonthFeb 2023: +16.41% | +5.9%Positive MonthMar 2023: +5.95% | +15.9%Positive MonthApr 2023: +15.95% | -4.1%Negative MonthMay 2023: -4.11% | +2.9%Positive MonthJun 2023: +2.88% | -8.1%Negative MonthJul 2023: -8.11% | +2.4%Positive MonthAug 2023: +2.43% | -2.4%Negative MonthSep 2023: -2.38% | +31.7%Positive MonthOct 2023: +31.68% | +11.2%Positive MonthNov 2023: +11.20% | -6.7%Negative MonthDec 2023: -6.72% |
| 2022 | -7.0%Negative MonthJan 2022: -7.01% | +0.4%Neutral MonthFeb 2022: +0.38% | -15.6%Negative MonthMar 2022: -15.56% | +2.3%Positive MonthApr 2022: +2.31% | +4.9%Positive MonthMay 2022: +4.89% | +1.4%Neutral MonthJun 2022: +1.37% | +7.9%Positive MonthJul 2022: +7.92% | +14.8%Positive MonthAug 2022: +14.75% | -4.7%Negative MonthSep 2022: -4.68% | +13.5%Positive MonthOct 2022: +13.45% | -15.4%Negative MonthNov 2022: -15.43% | +0.1%Neutral MonthDec 2022: +0.09% |
| 2021 | β | β | β | β | β | +53.7%Positive MonthJun 2021: +53.67% | -10.5%Negative MonthJul 2021: -10.47% | -5.9%Negative MonthAug 2021: -5.93% | +14.1%Positive MonthSep 2021: +14.14% | -2.5%Negative MonthOct 2021: -2.48% | -1.4%Neutral MonthNov 2021: -1.41% | -7.7%Negative MonthDec 2021: -7.71% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ1.01 K Cr | β | βΉ122.00 Cr | β | β | 18.7% | 27.6% | 28.4% |
| Mar 2024 | βΉ789.00 Cr | β | βΉ95.00 Cr | β | β | 18.6% | 13.2% | -6.9% |
| Mar 2023 | βΉ697.00 Cr | β | βΉ102.00 Cr | β | β | 23.4% | 52.9% | 161.5% |
| Mar 2022 | βΉ456.00 Cr | β | βΉ39.00 Cr | β | β | 10.2% | 46.6% | -27.8% |
| Mar 2021 | βΉ311.00 Cr | β | βΉ54.00 Cr | β | β | 15.4% | 3.7% | -10.0% |
| Mar 2020 | βΉ300.00 Cr | β | βΉ60.00 Cr | β | β | 20.4% | 14.9% | 0.0% |
| Mar 2019 | βΉ261.00 Cr | β | βΉ60.00 Cr | β | β | 25.1% | 7.0% | 140.0% |
| Mar 2018 | βΉ244.00 Cr | β | βΉ25.00 Cr | β | β | 14.5% | -11.3% | -113.4% |
| Mar 2017 | βΉ275.00 Cr | β | βΉ-187.00 | β | β | -143.8% | 34.8% | -684.4% |
| Mar 2016 | βΉ204.00 Cr | β | βΉ32.00 Cr | β | β | 10.7% | 78.9% | 700.0% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 56 | 114 | 204 | 275 | 244 | 261 | 300 | 311 | 456 | 697 | 789 | 1,007 | 1,197 |
| Total Expenses | 42 | 105 | 152 | 253 | 208 | 217 | 241 | 250 | 399 | 551 | 664 | 810 | 946 |
| EBIT / Operating Profit | 14 | 9 | 52 | 22 | 36 | 44 | 59 | 61 | 56 | 145 | 125 | 196 | 251 |
| OPM % | 25% | 8% | 25% | 8% | 15% | 17% | 20% | 20% | 12% | 21% | 16% | 20% | 21% |
| Other Income | 0 | 1 | 1 | -190 | 2 | 29 | 19 | 13 | 14 | 13 | 26 | -5 | 30 |
| Finance Costs | 0 | 1 | 2 | 5 | 8 | 3 | 4 | 4 | 3 | 2 | 2 | 2 | 2 |
| Depreciation & Amortisation | 2 | 5 | 8 | 5 | 2 | 3 | 10 | 10 | 13 | 19 | 22 | 26 | 24 |
| Profit Before Tax | 12 | 5 | 43 | -178 | 28 | 67 | 65 | 60 | 54 | 137 | 126 | 163 | 255 |
| Tax % | 32% | 33% | 26% | 5% | 10% | 11% | 8% | 9% | 27% | 26% | 25% | 25% | - |
| Net Profit / PAT | 8 | 4 | 32 | -187 | 25 | 60 | 60 | 54 | 39 | 102 | 95 | 122 | 190 |
| EPS (βΉ) | 3.86 | 1.45 | 12.53 | -70.65 | 9.59 | 21.69 | 21.42 | 19.43 | 14 | 36.21 | 34.72 | 44.63 | 69.53 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 13% | 18% | 15% | 9% | 0% | - |
Peer Comparison
Technology sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Cigniti Technologies Ltdthis co. | βΉ4.64 K Cr | βΉ1.01 K Cr | 24.40 | 6.17 | 30.69 | 27.6% |
| Bharti Airtel Ltd. | βΉ12.19 L Cr | βΉ1.09 L Cr | 50.40 | 8.31 | 27.19 | 15.8% |
| Tata Consultancy Services Ltd. | βΉ11.84 L Cr | βΉ2.15 L Cr | 24.20 | 13.91 | 18.91 | 6.2% |
| Infosys Ltd | βΉ6.48 L Cr | βΉ1.37 L Cr | 24.20 | 7.17 | 16.31 | 5.9% |
| HCL Technologies Ltd | βΉ4.52 L Cr | βΉ51.10 K Cr | 36.80 | 14.48 | β | 6.2% |
| Bharat Electronics Ltd. | βΉ3.02 L Cr | βΉ23.66 K Cr | 53.30 | 14.23 | 51.32 | 17.3% |
| Wipro Ltd. | βΉ2.77 L Cr | βΉ67.29 K Cr | 23.00 | 4.29 | 18.85 | 0.8% |
| Industry Average | β | βΉ10.05 K Cr | 69.99 | 8.58 | 66.75 | 22.0% |
