NIIT Ltd.

•

niit.comBSE: 500304NSE: NIITLTD

Market Cap₹ 1,334 Cr.

Current Price

High / Low₹ 116 / 49

Stock P/E0.0

Book Value₹ 75

Price to Book0.68

Dividend Yield1.03 %

ROCE-0.9 %

ROE-1.0 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Sale of Services: 98.0% • Sale of Courseware & Training Material: 2.0%

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

View full sector analysis →

PROS

Company is almost debt free
Promoters have been increasing their shareholding - up 6.2pp over 2 years
Latest quarter profit grew 131.4% YoY, showing strong momentum
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 109.7% versus prior year
Receivables are growing faster than sales - a possible quality concern
Interest coverage is weak at -11.8x - earnings barely cover interest
Company has a low return on capital employed of 2.2%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Education

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	NIITMTS	222.80	12.02	3074.70	1.46	57.41	16.45	565.08	25.20	23.20	16.45
2.	NIITLTD	97.40	148.39	1334.32	1.03	7.52	79.37	95.65	13.71	1.26	-3.85
3.	EXCELSOFT	70.60	17.39	812.49	0.00	92.28	1471.26	802.63	1340.52	16.61	16.24
4.	COMPUSOFT	13.00	35.45	102.86	1.92	1.37	1.94	8.07	-8.13	4.02	14.42
5.	LCCINFOTEC	3.88	0.00	65.41	0.00	-0.45	-1022.45	0.01	-99.13	-50.00	-4700.00
6.	UMESLTD	4.88	33.05	12.89	0.00	0.02	-16.67	0.12	-7.69	2.96	24.17

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	26	42	32	30	30	36	32	28	27	34	30	30	79
	38	43	38	35	38	44	41	39	41	46	43	44	89
Operating Profit	-12	-2	-7	-5	-8	-9	-9	-11	-14	-12	-13	-14	-10
OPM %	-44.96%	-3.69%	-20.35%	-17.37%	-25.74%	-24.63%	-28.74%	-37.96%	-51.68%	-35.40%	-42.57%	-46.49%	-12.68%
	16	15	25	19	18	23	18	35	23	14	17	9	24
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	2	3	3	3	4	4	5	5	5	5	5	5	8
Profit before Tax	2	11	15	10	6	10	3	19	5	-3	-2	-10	11
Tax %	3.70%	1.98%	6.55%	4.20%	1.38%	1.25%	4.94%	0.68%	2.30%	-4.55%	14.81%	-1.24%	0.84%
Net Profit	2	10	14	9	6	10	3	19	5	-3	-1	-11	11
	0.12	0.77	1.03	0.70	0.43	0.70	0.24	1.41	0.34	-0.22	-0.10	-0.78	0.79

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	365	362	388	406	368	126	157	130	126	121	173
	365	351	381	374	395	154	201	155	162	174	222
Operating Profit	-0	11	6	32	-27	-28	-44	-25	-36	-53	-49
OPM %	-0.07%	3.13%	1.61%	7.91%	-7.27%	-22.64%	-27.63%	-19.21%	-28.90%	-43.56%	-28.24%
	45	39	64	1,529	125	114	39	75	93	64	64
Interest	24	20	20	14	4	1	1	1	1	1	1
Depreciation	24	24	23	35	27	10	11	12	18	20	24
Profit before Tax	-3	6	27	1,512	68	75	-15	37	38	-10	-4
Tax %	-19.47%	9.27%	4.44%	9.52%	16.48%	-16.95%	7.14%	4.47%	1.31%	-1.23%	-2.82%
Net Profit	-4	5	25	1,368	57	87	-14	35	38	-10	-4
EPS	-0.21	0.30	1.52	84.94	3.73	10.34	-1.28	2.60	2.77	-0.75	—
Dividend Payout %	0.00%	0.00%	328.19%	10.34%	62.75%	46.03%	0.00%	48.03%	36.08%	-132.49%	—

COMPOUNDED SALES GROWTH

10 Years:: -11%
5 Years:: -20%
3 Years:: -8%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 0%
5 Years:: -20%
3 Years:: 6%
1 Year:: -13%

RETURN ON EQUITY

10 Years:: 14%
5 Years:: 2%
3 Years:: 2%
Last Year:: -1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	33	33	33	28	28	27	27	27	27	27
	742	751	764	1,491	1,522	1,309	940	972	1,001	983
	180	172	186	55	15	7	6	9	8	13
Trade Payables	58	67	64	54	52	60	22	24	25	24
	208	80	117	246	247	113	66	63	61	72
Total Liabilities	1,221	1,103	1,164	1,874	1,865	1,516	1,060	1,095	1,123	1,120
	166	160	172	207	168	163	147	164	167	183
Capital Work in Progress	0	0	0	0	0	0	0	1	0	0
	763	728	194	949	997	940	712	736	818	824
	1	1	1	0	0	0	0	0	0	1
	0	0	0	0	0	0	0	22	18	23
Cash & Bank	23	4	30	179	300	100	5	38	7	2
	268	211	767	538	399	312	196	133	112	86
Total Assets	1,221	1,103	1,164	1,874	1,865	1,516	1,060	1,095	1,123	1,120

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	22	25	-12	32	88	52	-22	-0	17	-15
Cash from Investing	-8	-12	26	825	-62	313	24	8	-9	28
Cash from Financing	-13	-23	13	-854	-45	-366	4	-6	-9	-12
	10	-17	23	-1	-22	-0	-4	0	-1	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	-0.21	0.31	1.52	96.69	3.98	6.52	-1.07	2.60	2.77	-0.75
Book Value (₹)	46.74	47.11	47.63	107.36	108.89	99.77	71.83	73.93	75.85	74.05
Dividend per Share (₹)	0.00	0.00	5.00	10.00	2.50	3.00	0.00	1.25	1.00	1.00
Cash EPS (₹)	1.24	1.74	2.91	99.17	5.86	7.29	-0.28	3.47	4.07	0.74
PROFITABILITY
Operating Margin %	11.28%	17.26%	1.61%	44.55%	37.19%	70.04%	-1.94%	-19.21%	-28.90%	-43.56%
Net Margin %	-0.97%	1.42%	6.58%	336.78%	15.41%	69.35%	-9.13%	27.08%	29.84%	-8.50%
ROE %	-0.44%	0.66%	3.22%	118.15%	3.70%	6.05%	-1.25%	3.58%	3.71%	-1.01%
ROCE %	2.15%	2.71%	4.70%	118.29%	4.57%	5.14%	-1.25%	3.76%	3.72%	-0.89%
	-0.29%	0.44%	2.25%	90.09%	3.03%	5.16%	-1.12%	3.26%	3.39%	-0.92%
EFFICIENCY
Debtor Days	103	94	98	90	82	235	120	51	58	63
Inventory Days	3	1	1	0	0	0	0	0	0	1
Payable Days	6327	0	0	0	0	0	0	0	0	0
	-6221	95	99	90	82	235	120	51	59	64
FINANCIAL HEALTH
Debt to Equity (x)	0.23x	0.22x	0.27x	0.02x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	0.88x	1.28x	2.34x	110.28x	19.94x	85.96x	-18.21x	31.72x	46.88x	-11.76x
	0.72x	0.70x	0.86x	4.66x	9.02x	6.71x	9.53x	10.39x	11.97x	9.59x
GROWTH
Revenue Growth %	-4.41%	-0.76%	7.13%	4.81%	-9.40%	-65.83%	25.16%	-17.55%	-2.98%	-3.85%
Operating Profit Growth %	-13.78%	51.76%	6.21%	172.92%	-24.37%	-35.63%	-103.46%	1742.65%	13.50%	-69.97%
Net Profit Growth %	-3337.61%	245.88%	395.26%	5266.98%	-95.86%	53.83%	-116.48%	344.53%	6.91%	-127.39%
	0.00%	0.00%	393.04%	0.00%	0.00%	0.00%	0.00%	343.62%	6.50%	-127.23%
VALUATION
P/E (x)	0.00x	0.00x	59.30x	0.00x	0.00x	0.00x	0.00x	40.55x	44.14x	0.00x
P/B (x)	0.00x	0.00x	1.90x	0.00x	0.00x	0.00x	0.00x	1.43x	1.61x	0.68x
Dividend Yield %	0.00%	0.00%	5.53%	0.00%	0.00%	0.00%	0.00%	1.18%	0.82%	1.98%
	0.00x	0.00x	25.57x	0.00x	0.00x	0.00x	0.00x	27.71x	29.08x	40.24x

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
34.66	37.26	37.22	37.19	37.16	37.01	36.98	36.98	40.87
17.43	13.58	13.46	12.50	12.21	11.75	11.25	10.11	8.06
12.56	11.51	11.50	11.49	11.26	11.20	11.17	11.17	11.14
0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
35.34	37.64	37.82	38.81	39.35	40.02	40.59	41.73	39.91

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-27

Press Release

2026-08-27 - NIIT Limited has informed the Exchange regarding a press release dated August 27, 2026, titled "NIIT launches five new AI Professional Programs to prepare learners for emerging AI careers".

2026-08-26

Resignation of Director/KMP/SMP

2026-08-26 - NIIT Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-26

Resignation

2026-08-26 - NIIT Limited has informed the Exchange regarding Resignation of Mr Harsh Kundra as Other of the company w.e.f. August 26, 2026.

2026-08-19

Allotment of Securities

2026-08-19 - NIIT Limited has informed the Exchange regarding allotment of 151641 securities pursuant to ESOP/ESPS at its meeting held on August 18, 2026

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Newspaper Advertisements - Dispatch of Notice of 43" Annual General Meeting and Annual Report for financial year 2025-26 & e-Voting information

2026-08-12

Shareholders meeting

2026-08-12 - NIIT Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 09, 2026

2026-08-07

Copy of Newspaper Publication

2026-08-07 - NIIT Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-06

Record Date

2026-08-06 - NIIT Limited has informed the Exchange that Record date for the purpose of Dividend is 20-Aug-2026.

2026-08-06

Shareholders meeting

2026-08-06 - NIIT Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 09, 2026

News

Recent coverage and analyst commentary for NIITLTD

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NIIT Ltd.

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Name

NIITMTS

222.80

12.02

3074.70

1.46

57.41

16.45

565.08

25.20

23.20

16.45

NIITLTD

97.40

148.39

1334.32

1.03

7.52

79.37

95.65

13.71

1.26

-3.85

EXCELSOFT

70.60

17.39

812.49

0.00

92.28

1471.26

802.63

1340.52

16.61

16.24

COMPUSOFT

13.00

35.45

102.86

1.92

1.37

1.94

8.07

-8.13

4.02

14.42

LCCINFOTEC

3.88

0.00

65.41

0.00

-0.45

-1022.45

0.01

-99.13

-50.00

-4700.00

UMESLTD

4.88

33.05

12.89

0.00

0.02

-16.67

0.12

-7.69

2.96

24.17

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-12

-2

-7

-5

-8

-9

-11

-14

-12

-13

-14

-10

OPM %

-44.96%

-3.69%

-20.35%

-17.37%

-25.74%

-24.63%

-28.74%

-37.96%

-51.68%

-35.40%

-42.57%

-46.49%

-12.68%

Interest

Depreciation

Profit before Tax

-3

-2

-10

Tax %

3.70%

1.98%

6.55%

4.20%

1.38%

1.25%

4.94%

0.68%

2.30%

-4.55%

14.81%

-1.24%

0.84%

Net Profit

-3

-1

-11

0.12

0.77

1.03

0.70

0.43

0.70

0.24

1.41

0.34

-0.22

-0.10

-0.78

0.79

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

365

362

388

406

368

126

157

130

126

121

173

365

351

381

374

395

154

201

155

162

174

222

Operating Profit

-0

-27

-28

-44

-25

-36

-53

-49

OPM %

-0.07%

3.13%

1.61%

7.91%

-7.27%

-22.64%

-27.63%

-19.21%

-28.90%

-43.56%

-28.24%

1,529

125

114

Interest

Depreciation

Profit before Tax

-3

1,512

-15

-10

-4

Tax %

-19.47%

9.27%

4.44%

9.52%

16.48%

-16.95%

7.14%

4.47%

1.31%

-1.23%

-2.82%

Net Profit

-4

1,368

-14

-10

-4

EPS

-0.21

0.30

1.52

84.94

3.73

10.34

-1.28

2.60

2.77

-0.75

—

Dividend Payout %

0.00%

328.19%

10.34%

62.75%

46.03%

0.00%

48.03%

36.08%

-132.49%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

742

751

764

1,491

1,522

1,309

940

972

1,001

983

180

172

186

Trade Payables

208

117

246

247

113

Total Liabilities

1,221

1,103

1,164

1,874

1,865

1,516

1,060

1,095

1,123

1,120

166

160

172

207

168

163

147

164

167

183

Capital Work in Progress

763

728

194

949

997

940

712

736

818

824

Cash & Bank

179

300

100

268

211

767

538

399

312

196

133

112

Total Assets

1,221

1,103

1,164

1,874

1,865

1,516

1,060

1,095

1,123

1,120

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-12

-22

-0

-15

Cash from Investing

-8

-12

825

-62

313

-9

Cash from Financing

-13

-23

-854

-45

-366

-6

-9

-12

-17

-1

-22

-0

-4

-1

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

-0.21

0.31

1.52

96.69

3.98

6.52

-1.07

2.60

2.77

-0.75

Book Value (₹)

46.74

47.11

47.63

107.36

108.89

99.77

71.83

73.93

75.85

74.05

Dividend per Share (₹)

0.00

5.00

10.00

2.50

3.00

0.00

1.25

1.00

Cash EPS (₹)

1.24

1.74

2.91

99.17

5.86

7.29

-0.28

3.47

4.07

0.74

PROFITABILITY

Operating Margin %

11.28%

17.26%

1.61%

44.55%

37.19%

70.04%

-1.94%

-19.21%

-28.90%

-43.56%

Net Margin %

-0.97%

1.42%

6.58%

336.78%

15.41%

69.35%

-9.13%

27.08%

29.84%

-8.50%

ROE %

-0.44%

0.66%

3.22%

118.15%

3.70%

6.05%

-1.25%

3.58%

3.71%

-1.01%

ROCE %

2.15%

2.71%

4.70%

118.29%

4.57%

5.14%

-1.25%

3.76%

3.72%

-0.89%

-0.29%

0.44%

2.25%

90.09%

3.03%

5.16%

-1.12%

3.26%

3.39%

-0.92%

EFFICIENCY

Debtor Days

103

235

120

Inventory Days

Payable Days

6327

-6221

235

120

FINANCIAL HEALTH

Debt to Equity (x)

0.23x

0.22x

0.27x

0.02x

0.00x

Interest Coverage (x)

0.88x

1.28x

2.34x

110.28x

19.94x

85.96x

-18.21x

31.72x

46.88x

-11.76x

0.72x

0.70x

0.86x

4.66x

9.02x

6.71x

9.53x

10.39x

11.97x

9.59x

GROWTH

Revenue Growth %

-4.41%

-0.76%

7.13%

4.81%

-9.40%

-65.83%

25.16%

-17.55%

-2.98%

-3.85%

Operating Profit Growth %

-13.78%

51.76%

6.21%

172.92%

-24.37%

-35.63%

-103.46%

1742.65%

13.50%

-69.97%

Net Profit Growth %

-3337.61%

245.88%

395.26%

5266.98%

-95.86%

53.83%

-116.48%

344.53%

6.91%

-127.39%

0.00%

393.04%

0.00%

343.62%

6.50%

-127.23%

VALUATION

P/E (x)

0.00x

59.30x

0.00x

40.55x

44.14x

0.00x

P/B (x)

0.00x

1.90x

0.00x

1.43x

1.61x

0.68x

Dividend Yield %

0.00%

5.53%

0.00%

1.18%

0.82%

1.98%

0.00x

25.57x

0.00x

27.71x

29.08x

40.24x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

34.66

37.26

37.22

37.19

37.16

37.01

36.98

40.87

17.43

13.58

13.46

12.50

12.21

11.75

11.25

10.11

8.06

12.56

11.51

11.50

11.49

11.26

11.20

11.17

11.14

0.01

35.34

37.64

37.82

38.81

39.35

40.02

40.59

41.73

39.91

NIIT Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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NIIT Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI