NIIT Ltd
IT Training Services
FV – Rs 2; 52wks H/L –107.8/67; TTQ – 22 K; CMP – Rs 81.5 (As On December 20th 2016);
Market Cap – Rs 1356 Crs
Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)
Equity Capital |
Net worth |
Long Term Debt | Total Sales |
PAT | BV (Rs) |
EPS (Rs) |
P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 33.13 | 805 | 180 | 1014 | 67.24 | 49 | 4.06 | 20.07 | 26.93 | 1.66 | 34.09 | 1.31 |
Standalone Financials and Valuations for H1 FY17
Equity Capital |
Net worth |
Long Term Debt | Total Sales |
PAT | BV (Rs) |
EPS (Rs) |
P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 33.13 | 813 | 167 | 189 | 0.83 | 49 | 0.05 | 1630 | 26.93 | 1.66 | 34.09 | 1.31 |
Valuation Parameters:
- Long Term Debt to Equity – 0.22
- ROE % – 8.4
- Market Cap/Sales – 1.34
NIIT Ltd has informed BSE that the Company has entered into a share purchase agreement with National Skill Development Corporation (“NSDC”), in terms of which Company has agreed to acquire 2313240 equity shares of NIIT Yuva Jyoti Limited (“NYJL”) having face value of Rs. 10 each constituting 10% of the aggregate issued and paid-up share capital of NYJL from NSDC for an aggregate cash consideration of Rs. 28508139. http://corporates.bseindia.com/xmldata/corpfiling/AttachHis/3F0C7007_B08C_45B4_B1BC_674CA83A04D4_175324.pdf
IIM Ahmedabad and NIIT Imperia announce fresh batch for Accelerated General Management Program. http://www.equitybulls.com/admin/news2006/news_det.asp?id=197720
During the quarter the company has acquired the business of Perception Learning Solutions Pvt. Ltd for an aggregate consideration of Rs. 2.5Crs.
Overview:
- NIIT Ltd is a skills and talent development company.
- The Company operates through the learning business segment.
- It offers multi-disciplinary learning management and training delivery solutions to corporations, institutions and individuals.
- Its geographical segments include India, America, Europe and Asia Pacific. Its lines of business include Corporate Learning Group (CLG), Skills and Careers Group (SNC), and School Learning Group (SLG). CLG offers managed training services, custom curriculum design and content development, learning administration, learning delivery, strategic sourcing, learning technology and advisory services.
- SNC delivers learning and talent development programs in areas of banking, finance and insurance, soft skills, management education, multi-sectorial vocational skills, digital media marketing and new-age information technology (IT).
- SLG provides teaching and learning solutions to schools. SLG offerings include Quick School, Math Lab and IT Wizard programs.
- The Company ended FY16 with 31 Managed Training Services customers and a Revenue Visibility of USD 200 million over the remaining period of existing contracts.
Management:
- Mr. Rajendra Pawar – Chairman
- Mr. Vijay Thandani – MD
- Mr. Rohit Gupta – CFO
Major Non – Promoter Holdings:
| Sr. No | Non – Promoters | No of shares held | % of shares held |
| 1 | Relaince Capital Trustee Co.Ltd A/C Reliance Small Cap Fund | 5786749 | 3.49 |
| 2 | Canara Robeco Mutual Fund – Emerging Equities | 1805965 | 1.09 |
| 3 | DSP Blackrock Small & Midcap Fund | 3237153 | 1.95 |
| 4 | DSP Blackrock Equity Fund | 2343418 | 1.41 |
| 5 | Polunin Emerging Markets Small Cap Fund LLC | 2340650 | 1.41 |
| 6 | Government Pension Fund Global | 4956291 | 2.99 |
| 7 | The Master Trust Bank Of Japan Ltd as Trustee of Blackrock India Equity Fund | 2301599 | 1.39 |
| 8 | Abu Dhabi Investment Authority | 5765520 | 3.48 |
| 9 | IL & FS Trust Company Ltd | 3245499 | 1.96 |
| 10 | Tasha Investment Advisors LLP | 2065070 | 1.25 |
Consolidated Financial Trends (In Rs. Crs) :
| Particulars | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
| Equity Paid Up | 33.1 | 33.03 | 33.03 | 33.02 | 33.02 | 33.02 |
| Networth | 805 | 730 | 674 | 668 | 662 | 557 |
| Total Debt | 195 | 137 | 107 | 112 | 86 | 310 |
| Net Sales | 1014 | 971 | 961 | 970 | 1268 | 1257 |
| Other Income | 8 | 13 | 10 | 9 | 8 | 8 |
| PAT | 67.24 | -138.53 | 17.77 | 26.26 | 110.16 | 92.18 |
| Book Value (Rs) | 49 | 44 | 41 | 40 | 40 | 34 |
| EPS (Rs) | 4.06 | -8.39 | 1.08 | 1.59 | 6.67 | 5.58 |
