Cigniti Technologies Limited (CIGNITITEC) AI Stock Analysis

• Market Cap: ₹34.51B
• Dividend Yield: N/A
• Average Volume (3M): 1.48K
• Price to Earnings (P/E): 14.0
• Beta (1Y): 1.24
• Revenue Growth: 13.58%
• EPS Growth: 104.94%
• Country: IN
• Employees: 3,891
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 29.20
• Shares Outstanding: 27,546,959
• 10 Day Avg. Volume: 1,209
• 30 Day Avg. Volume: 1,477
• PEG Ratio: 0.97
• Price to Book (P/B): 4.00
• Price to Sales (P/S): 1.91
• P/FCF Ratio: 26.38
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ₹1,164.00 ▼(-28.11% Downside)
• Action: Downgraded Date: 02/25/26
• Date: Action: Downgraded 02/25/26

Score is driven by strong financial performance (growth, low leverage, and excellent free cash flow), partially offset by very weak technicals (price below key moving averages and negative MACD). Valuation is supportive with a reasonable P/E, but no dividend yield data is available.

Positive Factors

Revenue Growth Trend

Sustained revenue growth over multiple years indicates expanding market penetration and successful client engagements in software quality services. This durable trend supports scale benefits, longer-term managed-service conversions, and a stronger base for reinvestment into automation and higher-value testing offerings.

Negative Factors

Latest-Year Net Income Decline

A recent decline in net income, despite revenue growth, suggests margin pressure or one-off costs that could persist. If structural (pricing, higher SG&A, or utilization drops), it may compress future profitability and limit funds available for reinvestment or shareholder returns over the medium term.

Cigniti Technologies Limited Business Overview & Revenue Model

Company Description

Cigniti Technologies Limited provides software testing services worldwide. The company offers digital assurance services, such as artificial intelligence, Internet of Things, blockchain, big data and analytics, and mobile testing services, as well...

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Cigniti Technologies Limited provides software testing services worldwide. The company offers digital assurance services, such as artificial intelligence, Internet of Things, blockchain, big data and analytics, and mobile testing services, as well...

How the Company Makes Money

Cigniti primarily makes money by providing software quality engineering (QE) and testing services to enterprise clients under services contracts. Revenue is typically earned through (a) time-and-materials or fixed-price project engagements for tes...

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Cigniti primarily makes money by providing software quality engineering (QE) and testing services to enterprise clients under services contracts. Revenue is typically earned through (a) time-and-materials or fixed-price project engagements for tes...

Cigniti Technologies Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	21.48B	20.14B	18.15B	16.48B	12.42B	8.97B
Gross Profit	8.52B	7.96B	6.91B	6.83B	4.94B	3.70B
EBITDA	3.98B	2.89B	2.55B	2.52B	1.43B	1.59B
Net Income	2.85B	2.00B	1.66B	1.68B	917.44M	1.05B
Balance Sheet
Total Assets	14.79B	12.39B	10.06B	8.46B	6.98B	5.32B
Cash, Cash Equivalents and Short-Term Investments	2.31B	4.00B	4.08B	2.82B	2.36B	2.08B
Total Debt	267.00M	279.38M	572.35M	557.66M	800.40M	456.76M
Total Liabilities	3.50B	2.76B	2.68B	2.57B	2.38B	1.60B
Stockholders Equity	11.28B	9.63B	7.38B	5.89B	4.60B	3.72B
Cash Flow
Free Cash Flow	1.89B	1.46B	1.24B	1.44B	175.96M	1.42B
Operating Cash Flow	1.89B	1.60B	1.29B	1.57B	382.14M	1.45B
Investing Cash Flow	-2.12B	-176.07M	-381.20M	-564.62M	-523.61M	-438.70M
Financing Cash Flow	-63.00M	-175.82M	-395.05M	-687.61M	-196.60M	-143.36M

Cigniti Technologies Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1619.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CIGNITITEC, the sentiment is Negative. The current price of 1619.25 is above the 20-day moving average (MA) of 1121.28, above the 50-day MA of 1296.12, and above the 200-day MA of 1591.56, indicating a neutral trend. The MACD of -17.87 indicates Negative momentum. The RSI at 60.28 is Neutral, neither overbought nor oversold. The STOCH value of 90.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CIGNITITEC.

Cigniti Technologies Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DATAMATICS	72 Outperform	₹41.64B	32.89	―	0.58%	18.81%	29.35%
SAKSOFT	68 Neutral	₹18.25B	21.87	―	0.42%	21.17%	27.66%
CIGNITITEC	66 Neutral	₹34.51B	14.03	―	―	13.58%	104.94%
RSYSTEMS	62 Neutral	₹33.72B	25.72	―	3.06%	8.36%	36.68%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RPSGVENT	58 Neutral	₹33.94B	-5.57	―	―	23.60%	72.41%
SASKEN	54 Neutral	₹18.74B	74.37	―	1.83%	77.13%	-39.91%

Cigniti Technologies Limited Corporate Events