NINSYSInformation Technology

NINtec Systems Limited

Computers - Software & Consulting · ISIN INE395U01014 · BSE 539843 · NSE EQ · FV ₹10
Last price
₹973
-0.54%today
What this company does

NINtec Systems Limited operates in Computers - Software & Consulting, part of the Information Technology sector. It booked ₹48 cr of revenue in its latest quarter (Q2 FY27) and kept 21.9% of sales as profit.

“NINtec Systems Limited (“NSL”) provide comprehensive software services and solutions, specializing in offshore software product development, application development and maintenance, software migration, multimedia design and development, web design, digitization of engineering drawings, and search engine optimization.”
Their stated vision

“To become the most preferred IT services Company by delivering cutting-edge and cost-effective technology solutions that enable success of enterprises across the globe, while also helping our employees realize and expand their potential.”

Their stated mission

“To provide best-in-class IT services and solutions to our clients by making effective use of latest technologies, innovative solutions and experience-based processes and methodologies.”

In the report:
73out of 100
Equitytale Health Score
Solid

Healthier than 73% of companies in Information Technology, on the 5 of 6 measures we could read for it. Each measure is ranked against the 86–127 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
overbought
RSI (14)
78

At close. Not part of the score.

Profitability & returns96

How much profit it earns on the money it employs

Balance sheet81

How much it owes, and whether earnings cover the interest

Cash quality68

Whether reported profit actually arrives as cash

Valuation11

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Strong 22% net margin
✓ Sales up 16% vs last year
✓ Profit up 34% vs last year
✓ Promoters hold 48%
✓ No promoter shares pledged
✓ Strong 37% return on equity
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in NINSYS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹973▼ -0.54%
latest close · 2026-11-04
52-wk low ₹68374 sessions so far52-wk high ₹990
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio42.8High
LowAverageHigh
P/B ratio15.96High
Below bookModerateHigh
EV / EBITDA31.2High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity37.3%Strong
WeakFairStrong ▸15%
Return on capital47.8%Strong
WeakFairStrong
Net margin21.9%Strong
ThinDecentStrong
EBITDA margin30.0%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.02Comfortable
LowModerateHigh ▸1
Interest cover188.2×Strong
RiskyOkayStrong ▸5×
Current ratio2.64Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,807 cr
Book value
₹61
EPS
₹5.69
latest quarter
Net debt
₹2 cr
owes more than its cash
Enterprise value
₹1,810 cr
EBITDA
₹58 cr
annualised
EBIT
₹56 cr
annualised
Operating margin
29.1%
Return on assets
23.0%
Earnings yield
2.34%
P/S
9.38
Sales / share
₹103.8
Tax rate
24.1%
Face value
₹10
Shares
1.9 cr
Working capital
₹110 cr
Current assets
₹177 cr
Current liabilities
₹67 cr
Delivery %
58.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹197–₹247, midpoint ₹224

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹48 cr
Other Income₹1 cr
Total Income₹50 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹12 cr
Finance Costs₹7.4 L
Depreciation & Amortisation₹47.5 L
Other Expenses₹23 cr
Total Expenses₹36 cr
Profit before Tax₹14 cr
Tax Expense₹3 cr
Net Profit₹11 cr
Net margin on total income21.3%
Where the money goes · Q2 FY27
% of total income
Employee benefit expense₹12 cr23.6%
Finance costs₹7.4 L0.2%
Depreciation & amortisation₹47.5 L1.0%
Other expenses₹23 cr47.2%
Tax expense₹3 cr6.8%
Profit for the period₹11 cr21.3%
Total income ₹50 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue46 cr46 cr48 cr
Total income45 cr47 cr50 cr
Expenses33 cr34 cr36 cr
Profit before tax12 cr12 cr14 cr
Tax3 cr3 cr3 cr
Net profit (owners' share)9 cr9 cr11 cr
Net margin (owners' share, on revenue)18.9%20.1%21.9%
EPS (₹)4.714.955.69
YoY (latest quarter): total income +16.5% · net profit +34.4%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹184 cr
Shareholder equity
₹113 cr
parent shareholders
Total debt
₹3 cr
Cash
₹8.2 L
Cash flow · H1 FY27
Operating
₹25 cr
Investing
₹-20 cr
Financing
₹51.7 L
Peer comparison
Computers - Software & Consulting · by market value
CompanyPriceMarket capP/E
Tata Consultancy Services Limited₹2,499₹9.05 L cr16.3
Infosys Limited₹1,148₹4.65 L cr14.9
HCL Technologies Limited₹1,439₹3.91 L cr19.0
Wipro Limited₹198₹1.96 L cr15.3
Tech Mahindra Limited₹1,789₹1.59 L cr25.0
LTM Limited₹4,213₹1.25 L cr22.3
Persistent Systems Limited₹6,097₹96,180 cr68.0
Coforge Limited₹2,061₹91,190 cr41.8
MphasiS Limited₹2,535₹48,394 cr24.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Bonus issue5:43 Aug 2023
Bonus issue2:16 Jun 2022
Who owns it · 2026-09-30
No pledge
Promoter
47.6%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
52.4%
Promoter stake up 0.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtRachana Niraj Gemawat · Promoter Group15 · ₹4,62024 Mar 26
BoughtRachana Niraj Gemawat · Promoter Group1 · ₹29524 Mar 26
BoughtRachana Niraj Gemawat · Promoter Group1,000 · ₹3.4 L24 Mar 26
Bulk / block deals
BoughtGUJARAT NATURAL RESOURCES LIMITED · NSE95,000 @ ₹421.983 Dec 25
Stake changes
BoughtNiraj Chhaganraj Gemawat · promoter→ 18.44% · 6,50030 Jun 26
BoughtNiraj Chhaganraj Gemawat · promoter→ 18.40% · 5,50025 Jun 26
BoughtNiraj Chhaganraj Gemawat · promoter→ 18.38% · 10,00023 Jun 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 18 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March , 2026 together with the report of the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
51.61 L votes for, 0 against
2
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March,2026 together with the report of the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
51.61 L votes for, 0 against
3
To appoint a director in place of Mrs. Rachana Gemawat (DIN: 02029832), who retires by rotation and being eligible, offers herself for re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
51.61 L votes for, 0 against
4
To appoint M/s J. T. Shah & Co., Chartered Accountants (Firm Registration No. 1096 l6W), as Statutory Auditors of the Company
Backed by 100% of shareholders other than promotersneeded 50%
51.61 L votes for, 0 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 47.6% between them · as of 2026-09-30
NIRAJ CHHAGANRAJ GEMAWAT18.44%
RACHANA NIRAJ GEMAWAT13.85%
VIN ITSOLUTIONS LLP9.77%
INDRAJEET ANATH MITRA4.69%
CHHAGANRAJ BHANWERLAL GEMAWAT0.29%
KETKI INDRAJEET MITRA0.29%
SUMANLATA CHHAGANRAJ GEMAWAT0.29%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.