NINSYS
NINtec Systems share price & financials
- Price
- ₹720.3
- Market cap
- ₹1.3k Cr
- Sector
- Information Technology
What NINtec Systems Limited does
NINtec Systems Limited is an Ahmedabad-based IT services company that provides offshore and onshore software product development, application development and maintenance, legacy software migration, multimedia design and development, web design, digitization of engineering drawings, and search engine optimization. It earns by delivering these outsourced technology services to global enterprise clients across Healthcare & Life Sciences, Manufacturing, Automotive, Print Media & Publishing, Banking Financial Services & Insurance (BFSI), and Transportation & Logistics. The company positions itself as an offshore delivery partner helping overseas clients cut costs and accelerate digital transformation, and reports both standalone and consolidated financials, indicating group operations through one or more subsidiaries.
Segments
- IT Software Services
- Core service lines
- 7 (offshore software product development, application development & maintenance, software migration, multimedia design & development, web design, digitization of engineering drawings, SEO)
- Client industries served
- 6 (Healthcare & Life Sciences, Manufacturing, Automotive, Print Media & Publishing, BFSI, Transportation & Logistics)
- Geographic reach
- Global client base spanning multiple countries (offshore delivery model)
Quarterly results
Q1 FY27: revenue up 9.5%, net profit up 24.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21 | 21 | 23 | 23 | 25 +21% | 26 +23% | 27 +16% | 26 +10% |
| EBITDA | 7 | 8 | 7 | 7 | 9 +20% | 10 +19% | 13 +77% | 11 +50% |
| Net profit | 6 | 6 | 6 | 7 | 7 +12% | 7 +12% | 8 +20% | 8 +24% |
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 +58.8% 1Y
1Y: ₹447.65 on 10 Sept 2025 → ₹710.7. High ₹914.15 (9 Jul 2026), low ₹286.6 (23 Mar 2026).
Financials, as filed
Revenue grew 25.3% a year over 2 years, FY24 to FY26. Operating margin widened to 37.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹65 Cr | ₹86 Cr | ₹102 Cr |
| Operating profit | ₹18 Cr | ₹29 Cr | ₹38 Cr |
| Operating margin | 28.0% | 33.8% | 37.5% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹2 Cr | ₹3 Cr |
| Net profit | ₹14 Cr | ₹23 Cr | ₹28 Cr |
| Net margin | 21.7% | 27.2% | 27.3% |
| Cash from operations | ₹9 Cr | ₹22 Cr | ₹24 Cr |
| Free cash flow | ₹6 Cr | ₹17 Cr | ₹23 Cr |
| ROCE | 64.0% | 64.0% | 50.0% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹7 Cr | ₹7 Cr | ₹10 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr |
| Reserves | ₹4 Cr | ₹7 Cr | ₹9 Cr | ₹15 Cr | ₹59 Cr | ₹63 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Other liabilities | ₹2 Cr | ₹3 Cr | ₹6 Cr | ₹10 Cr | ₹63 Cr | ₹22 Cr |
| Total liabilities | ₹13 Cr | ₹17 Cr | ₹26 Cr | ₹46 Cr | ₹142 Cr | ₹105 Cr |
| Fixed assets | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹4 Cr | ₹6 Cr | ₹5 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹8 Cr | ₹9 Cr | ₹6 Cr | ₹18 Cr | ₹25 Cr | ₹36 Cr |
| Other assets | ₹5 Cr | ₹7 Cr | ₹18 Cr | ₹24 Cr | ₹111 Cr | ₹63 Cr |
| Total assets | ₹13 Cr | ₹17 Cr | ₹26 Cr | ₹46 Cr | ₹142 Cr | ₹105 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 Jun 2026
Since Jun 2025, the public trimmed −0.27 pp while promoters added +0.23 pp. The shareholder count shrank 29% to 6,918.
- Promoters
- 47.6%
- FIIs
- 0.0%
- DIIs
- 0.0%
- Public
- 52.4%
Since Jun 2025
- Public −0.27 pp
- Promoters +0.23 pp
- FIIs +0.01 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 47.2%, Public 52.8%.Dec '23: Promoters 47.3%, FIIs 0.0%, Public 52.7%.Mar '24: Promoters 47.3%, Public 52.7%.Jun '24: Promoters 47.3%, FIIs 0.0%, Public 52.7%.Sep '24: Promoters 47.4%, FIIs 0.0%, Public 52.6%.Dec '24: Promoters 47.4%, FIIs 0.1%, Public 52.5%.Mar '25: Promoters 47.4%, FIIs 0.0%, Public 52.6%.Jun '25: Promoters 47.4%, Public 52.6%.Sep '25: Promoters 47.4%, Public 52.6%.Dec '25: Promoters 47.4%, FIIs 0.0%, Public 52.6%.Mar '26: Promoters 47.5%, Public 52.5%.Jun '26: Promoters 47.6%, FIIs 0.0%, DIIs 0.0%, Public 52.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Gujarat Natural Resources Limited newly disclosed 1.30% held
- Niraj Chhaganraj Gemawat +0.12 pp 18.42% held
- Bhumika Pavakbhai Shah +0.05 pp 1.08% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of NINtec Systems Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Tecthink B.V. | 25.44% | unchanged |
| Niraj Chhaganraj Gemawat | 18.42% | +0.12 pp |
| Rachana Niraj Gemawat | 13.85% | unchanged |
| Vin Itsolutions Llp | 9.77% | unchanged |
| Indrajeet Anath Mitra | 4.69% | unchanged |
| Atharva Singh | 1.89% | unchanged |
| Nigam Bharatbhai Shah | 1.86% | unchanged |
| Vibha Krishna Singh | 1.82% | unchanged |
| Infinium Motors (Gujarat) Private Limited | 1.67% | unchanged |
| Debarati Mitra | 1.59% | unchanged |
| Gujarat Natural Resources Limited | 1.30% | newly disclosed |
| Vibha Mehta | 1.20% | 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 ₹711, this stock must grow earnings at 28% every year for 7 years. Our analysis caps realistic growth at ~36%. At that growth it is worth ₹1043 — upside of 47%.
- Growth the price implies
- 28.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 36.1% a year
- net profit, FY24–FY26 · EPS 36.2%
- The gap
- -0.1 pp
- 47% downside if it only repeats history
Learn to analyse NINtec Systems Limited
Guides on how to read this kind of business and the numbers that matter.