CIGNITITEC
Cigniti Tech. share price & financials
- Price
- ₹1,260.3
- Market cap
- ₹3.5k Cr
- Sector
- Information Technology
What Cigniti Tech. does
Cigniti Technologies is an independent software testing (digital assurance) and digital engineering services provider, serving enterprise clients across BFSI, healthcare, travel, retail and utilities. It earns revenue from services delivered to active client accounts, largely on a time-and-materials/project basis, supplemented by its own IP-led assurance and automation platforms sold alongside services. In FY2025 the company was acquired by Coforge Limited, and it now operates as a Coforge Company, combining Cigniti's AI-led, platform-first assurance expertise with Coforge's transformation and domain capabilities.
Segments
- Digital Assurance Services
- Digital Engineering Services
- Active clients
- 215+
- Fortune 500 clients served
- 50+
- Delivery locations
- 10+
- Countries with offices
- 9
- Employees ("Cignitians")
- 4,200+
- Wholly owned foreign subsidiaries
- 8
Quarterly results
Q3 FY26: revenue up 12.2%, net profit up 25.0% against the same quarter last year.
| Line item | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 456 | 468 | 499 | 516 | 530 +16% | 534 +14% | 567 +14% | 579 +12% |
| EBITDA | 30 | 50 | 65 | 85 | 90 +200% | 89 +78% | 96 +48% | 104 +22% |
| Net profit | 27 | 10 | 53 | 64 | 73 +170% | 66 +560% | 83 +57% | 80 +25% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −17.6% 1Y
1Y: ₹1,528.8 on 13 May 2025 → ₹1,260.3. High ₹1,910 (5 Dec 2025), low ₹1,056.3 (17 Mar 2026).
Financials, as filed
Revenue grew 10.5% a year over 2 years, FY23 to FY25. Operating margin held at 14.4%.
| Year ending | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | ₹1.6k Cr | ₹1.8k Cr | ₹2.0k Cr |
| Operating profit | ₹238 Cr | ₹222 Cr | ₹290 Cr |
| Operating margin | 14.4% | 12.2% | 14.4% |
| Interest | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Depreciation | ₹26 Cr | ₹31 Cr | ₹33 Cr |
| Net profit | ₹169 Cr | ₹166 Cr | ₹200 Cr |
| Net margin | 10.3% | 9.1% | 9.9% |
| Cash from operations | ₹157 Cr | ₹129 Cr | ₹160 Cr |
| Free cash flow | ₹144 Cr | ₹124 Cr | ₹147 Cr |
| ROCE | 38.0% | 31.0% | 34.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹28 Cr | ₹28 Cr | ₹28 Cr | ₹27 Cr | ₹27 Cr | ₹28 Cr |
| Reserves | ₹239 Cr | ₹344 Cr | ₹432 Cr | ₹562 Cr | ₹711 Cr | ₹1.1k Cr |
| Borrowings | ₹121 Cr | ₹46 Cr | ₹80 Cr | ₹56 Cr | ₹57 Cr | ₹20 Cr |
| Other liabilities | ₹91 Cr | ₹114 Cr | ₹158 Cr | ₹201 Cr | ₹211 Cr | ₹330 Cr |
| Total liabilities | ₹480 Cr | ₹532 Cr | ₹698 Cr | ₹846 Cr | ₹1.0k Cr | ₹1.5k Cr |
| Fixed assets | ₹102 Cr | ₹93 Cr | ₹113 Cr | ₹135 Cr | ₹121 Cr | ₹107 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹49 Cr | ₹80 Cr | ₹120 Cr | ₹177 Cr | ₹250 Cr | ₹41 Cr |
| Other assets | ₹329 Cr | ₹358 Cr | ₹465 Cr | ₹533 Cr | ₹635 Cr | ₹1.3k Cr |
| Total assets | ₹480 Cr | ₹532 Cr | ₹698 Cr | ₹846 Cr | ₹1.0k Cr | ₹1.5k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, promoters trimmed −1.16 pp while DIIs added +0.99 pp. The shareholder count shrank 10% to 26,089.
- Promoters
- 54.0%
- FIIs
- 10.4%
- DIIs
- 11.6%
- Public
- 24.0%
Since Mar 2025
- Promoters −1.16 pp
- DIIs +0.99 pp
- FIIs +0.70 pp
How it drifted, 12 quarters
Over this window the public fell from 59.2% to 24.0% — −35.2 pp.
Ownership split by quarter, oldest first. Jun '23: Promoters 34.6%, FIIs 6.2%, Public 59.2%.Sep '23: Promoters 33.5%, FIIs 6.3%, DIIs 0.2%, Public 60.0%.Dec '23: Promoters 32.8%, FIIs 6.0%, DIIs 0.1%, Public 61.1%.Mar '24: Promoters 32.8%, FIIs 6.1%, DIIs 0.1%, Public 61.1%.Jun '24: Promoters 32.8%, FIIs 5.7%, DIIs 2.1%, Public 59.4%.Sep '24: Promoters 22.7%, FIIs 4.6%, DIIs 7.0%, Public 65.7%.Dec '24: Promoters 55.3%, FIIs 8.3%, DIIs 10.4%, Public 26.0%.Mar '25: Promoters 55.2%, FIIs 9.7%, DIIs 10.6%, Public 24.5%.Jun '25: Promoters 55.2%, FIIs 11.3%, DIIs 8.2%, Public 25.3%.Sep '25: Promoters 55.0%, FIIs 11.9%, DIIs 7.7%, Public 25.4%.Dec '25: Promoters 54.0%, FIIs 11.6%, DIIs 9.3%, Public 25.1%.Mar '26: Promoters 54.0%, FIIs 10.4%, DIIs 11.6%, Public 24.0%.
Who bought this quarter
since Dec 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Whiteoak Capital Digital Bharat Fund Mutual fund newly disclosed 6.81% held
- Altiva Hybrid Long-Short Fund AIF newly disclosed 1.17% held
- Bajaj Financial Securities Limited +1.14 pp 3.19% held
- Parag Parikh Conservative Hybrid Fund Mutual fund newly disclosed 1.12% held
- Copthall Mauritius Investment Limited - Non Odi Account FPI fund newly disclosed 1.09% held
- Societe Generale Foreign bank / ODI newly disclosed 1.04% held
- Morgan Stanley Asia (Singapore) Pte. - Odi Foreign bank / ODI +0.22 pp 3.17% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Cigniti Tech. above SEBI's 1% disclosure line, and what changed since Dec 2025.
| Holder | Stake | Change |
|---|---|---|
| Coforge Limited | 54.00% | unchanged |
| Whiteoak Capital Digital Bharat Fund Mutual fund | 6.81% | newly disclosed |
| Rajasthan Global Securities Private Limited NBFC / DFI | 5.50% | unchanged |
| Bajaj Financial Securities Limited | 3.19% | +1.14 pp |
| Morgan Stanley Asia (Singapore) Pte. - Odi Foreign bank / ODI | 3.17% | +0.22 pp |
| Ashoka India Equity Investment Trust Plc FPI fund | 1.63% | −0.19 pp |
| Altiva Hybrid Long-Short Fund AIF | 1.17% | newly disclosed |
| Parag Parikh Conservative Hybrid Fund Mutual fund | 1.12% | newly disclosed |
| Copthall Mauritius Investment Limited - Non Odi Account FPI fund | 1.09% | newly disclosed |
| Societe Generale Foreign bank / ODI | 1.04% | newly disclosed |
| PT. Coforge Indonesia Services | 0.00% | unchanged |
| Coforge SDN. BHD. Malaysia | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹1260, this stock must grow earnings at 4% every year for 7 years. Our analysis caps realistic growth at ~11%. At that growth it is worth ₹1816 — upside of 44%.
- Growth the price implies
- 3.8% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 8.8% a year
- net profit, FY23–FY25 · EPS 10.6%
- The gap
- -0.1 pp
- 44% downside if it only repeats history
Learn to analyse Cigniti Tech.
Guides on how to read this kind of business and the numbers that matter.