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NINtec Systems Ltd
(NINSYS)
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Rating:70Outperform
Price Target:
₹806.00
▲(82.17% Upside)
Action:Reiterated
Date:08/30/26
The score is driven primarily by strong financial performance (high profitability, rapid recent revenue growth, and a very low-debt balance sheet). This is tempered by weaker technical momentum (negative MACD and trading below the 50-day average) and a relatively expensive valuation (P/E 40) with no dividend yield provided.
Positive Factors
Strong Revenue Expansion
Rapid top-line expansion indicates strong customer adoption and business scaling. If supported by recurring demand, this growth can broaden the company’s operating base and sustain profit generation over the next several quarters.
Negative Factors
Weak Operating Cash Conversion
Persistent divergence between operating cash flow and reported earnings suggests working-capital drag or timing effects. If this continues, cash available for reinvestment and shareholder returns may lag accounting profits despite positive free cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Expansion
Rapid top-line expansion indicates strong customer adoption and business scaling. If supported by recurring demand, this growth can broaden the company’s operating base and sustain profit generation over the next several quarters.
Read all positive factors
NINtec Systems Ltd (NINSYS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.20B
Dividend YieldN/A
Average Volume (3M)721.00
Price to Earnings (P/E)39.3
Beta (1Y)0.73
Revenue Growth21.58%
EPS Growth18.83%
CountryIN
Employees441
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)8.20
Shares Outstanding18,576,000
10 Day Avg. Volume495
30 Day Avg. Volume721
Financial Highlights & Ratios
PEG Ratio1.07
Price to Book (P/B)8.07
Price to Sales (P/S)4.34
P/FCF Ratio27.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NINtec Systems Ltd Business Overview & Revenue Model
Company Description
NINtec Systems Ltd, an Indian enterprise established in 2015 and based in Ahmedabad, specializes in providing comprehensive software development services and technological solutions. The company's diverse offerings include business analytics, a co...
NINtec Systems Ltd Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 795.46M | 1.70B | 1.40B | 830.46M | 322.99M | 198.08M |
| Gross Profit | 263.68M | 567.55M | 447.40M | 306.75M | 112.43M | 54.83M |
| EBITDA | 214.41M | 456.54M | 373.29M | 215.60M | 79.24M | 40.14M |
| Net Income | 152.16M | 320.12M | 263.22M | 155.15M | 55.51M | 27.73M |
Balance Sheet | ||||||
| Total Assets | 1.42B | 1.44B | 1.13B | 599.99M | 255.46M | 172.24M |
| Cash, Cash Equivalents and Short-Term Investments | 614.34M | 749.79M | 466.19M | 267.76M | 170.01M | 137.35M |
| Total Debt | 20.09M | 18.88M | 21.10M | 23.55M | 0.00 | 0.00 |
| Total Liabilities | 648.06M | 527.45M | 519.82M | 250.40M | 61.81M | 33.23M |
| Stockholders Equity | 775.83M | 916.28M | 613.46M | 349.59M | 193.66M | 139.01M |
Cash Flow | ||||||
| Free Cash Flow | 183.29M | 268.24M | 183.46M | 65.09M | 63.02M | 5.98M |
| Operating Cash Flow | 235.84M | 274.15M | 237.30M | 99.07M | 77.99M | 12.98M |
| Investing Cash Flow | -59.75M | -145.97M | -61.43M | -144.74M | -8.10M | -2.34M |
| Financing Cash Flow | -4.35M | -2.22M | -4.90M | 23.35M | -32.00K | -23.00K |
NINtec Systems Ltd Technical Analysis
Negative
442.45
Price Trends
782.65
Negative
719.73
Negative
544.56
Positive
Market Momentum
-14.30
Negative
40.40
Neutral
47.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NINSYS, the sentiment is Negative. The current price of 442.45 is below the 20-day moving average (MA) of 717.62, below the 50-day MA of 782.65, and below the 200-day MA of 544.56, indicating a neutral trend. The MACD of -14.30 indicates Negative momentum. The RSI at 40.40 is Neutral, neither overbought nor oversold. The STOCH value of 47.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NINSYS.
NINtec Systems Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ₹13.78B | 10.47 | ― | 12.37% | 10.42% | 38.06% | |
70 Outperform | ₹13.20B | 39.33 | ― | ― | 21.58% | 18.83% | |
68 Neutral | ₹7.00B | 11.42 | ― | 3.18% | 8.25% | 15.33% | |
61 Neutral | ₹3.41B | 8.71 | ― | 4.39% | 35.17% | 9.87% | |
58 Neutral | ₹13.49B | 15.88 | ― | 0.05% | 10.51% | 13.87% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹11.46B | 1,040.17 | ― | 0.37% | -4.91% | -100.53% |
* General Sector Average
IN:NINSYS
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NINtec Systems Ltd Corporate Events
NINtec Systems Files SEBI Dematerialization Compliance Certificate for June Quarter
Jul 13, 2026
NINtec Systems Ltd has submitted to BSE and NSE a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The certificate, issued by its registrar and transfe...
NINtec Promoter Group Marginally Increases Stake via SEBI-Regulated Share Purchase
Jun 20, 2026
Promoter group member Niraj Chhaganraj Gemawat, along with persons acting in concert, has disclosed a small open-market purchase of NINtec Systems Limited equity shares under SEBI’s Substantial Acquisition of Shares and Takeovers Regulations...
NINtec Systems Promoter Raises Stake with On-Market Share Purchases
Jun 20, 2026
NINtec Systems Limited has disclosed a series of equity share purchases by its promoter and managing director, Niraj Chhaganraj Gemawat, in compliance with Regulation 7(2) of SEBI’s Prohibition of Insider Trading Regulations, 2015. Following...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.