---
title: "NINtec Systems Ltd (NINSYS) — Share Price, Financials & Analysis"
symbol: "NINSYS"
company: "NINtec Systems Ltd"
canonical: "https://tapetide.com/stocks/NINSYS"
isin: "INE395U01014"
nse_symbol: "NINSYS"
bse_code: "539843"
sector: "Information Technology"
industry: "Computer Software & Consulting"
market_cap_cr: 1323.08
generated_at: "2026-09-13T19:50:09.485Z"
---

# NINtec Systems Ltd (NINSYS)

Canonical page: https://tapetide.com/stocks/NINSYS

## Company

- **NSE Symbol:** NINSYS
- **BSE Code:** 539843
- **ISIN:** INE395U01014
- **Sector:** Information Technology
- **Industry:** Computer Software & Consulting
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2023-02-21
- **CEO:** Mr. Niraj Chhaganraj Gemawat
- **Employees:** 452
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** nintecsystems.com

## About

Incorporated in 1997, NINtec Systems Ltd provides software development services and solutions

## Latest Price

- **Price:** ₹710.7
- **Change:** +2.25 (+0.32%)
- **Open:** ₹714.7
- **Day High:** ₹716.7
- **Day Low:** ₹705
- **Previous Close:** ₹708.45
- **Volume:** 3308
- **As Of:** 2026-09-11T10:01:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:04.993067Z.

- **Market Cap:** ₹1323.08 Cr
- **Classification:** Microcap
- **P/E (reported):** 39.5
- **P/E (TTM):** 39.35
- **EPS (TTM):** ₹18.06
- **Book Value:** ₹49.33
- **Price to Book:** 14.44
- **Dividend Yield:** 0%
- **ROE:** 34.94%
- **ROCE:** 44.64%
- **Debt to Equity:** 0.02
- **Revenue (yearly):** ₹172.1 Cr
- **Net Income:** ₹32 Cr
- **EBITDA:** ₹45.7 Cr
- **52-Week High:** ₹935
- **52-Week Low:** ₹281.05
- **RSI (14):** 36.85

## Tapetide Score

- **Score:** 62 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 92.5 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 88.08 | 9% |
| growth | 55.25 | 9% |
| momentum | 96.79 | 12% |
| ownership | 62.17 | 24% |
| quality | 77.69 | 22% |
| valuation | 24.3 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.1%

### Weaknesses

- Stock is trading at 14.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 11.5% | 167% | -95.6% |
| ebitda margin growth | 0% | 2.39% | 4.12% | — |
| net income growth | 5.75% | 21.67% | 106.45% | — |
| revenue growth | 3.33% | 19.27% | 26.66% | — |
| roce | 1.17% | -18.57% | -16.95% | — |
| roe | 5.26% | -18.57% | 40.73% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 23.16 | 31.93 | 32.88 | 33.88 | 35.19 | 37.85 | 38.83 | 41.69 | 43.28 | 46.37 | 45.86 |
| Expenses | 18.08 | 25.01 | 25.39 | 25.67 | 26.3 | 29.53 | 30.4 | 31.45 | 32.22 | 32.41 | 33.98 |
| Operating Profit | 5.08 | 6.92 | 7.49 | 8.21 | 8.89 | 8.32 | 8.43 | 10.24 | 11.06 | 13.96 | 11.88 |
| OPM % | 21.93 | 21.67 | 22.78 | 24.23 | 25.26 | 21.98 | 21.71 | 24.56 | 25.55 | 30.11 | 25.9 |
| Other Income | 0.41 | 0.69 | 0.55 | 1 | 0.83 | 2.07 | 2.4 | 0.83 | 0.05 | -1.31 | 0.69 |
| Interest | 0 | 0.03 | 0.07 | 0.1 | 0.08 | 0.06 | 0.07 | 0.07 | 0.06 | 0.13 | 0.07 |
| Depreciation | 0.26 | 0.35 | 0.38 | 0.41 | 0.63 | 0.65 | 0.6 | 0.63 | 0.64 | 0.64 | 0.43 |
| Profit before tax | 5.23 | 7.23 | 7.59 | 8.7 | 9.01 | 9.68 | 10.16 | 10.37 | 10.41 | 11.88 | 12.07 |
| Tax % | 26 | 21.58 | 24.37 | 25.17 | 25.42 | 24.17 | 24.7 | 24.11 | 25.55 | 26.35 | 23.86 |
| Net Profit | 3.87 | 5.67 | 5.73 | 6.51 | 6.73 | 7.35 | 7.65 | 7.87 | 7.75 | 8.74 | 9.2 |
| EPS in Rs | 2.08 | 3.05 | 3.08 | 3.5 | 3.62 | 3.96 | 4.12 | 4.24 | 4.17 | 4.7 | 4.95 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- |
| Sales | 83 | 140 | 170 | 177 |
| Expenses | 63 | 107 | 126 | 130 |
| Operating Profit | 20 | 33 | 44 | 47 |
| OPM % | 24 | 24 | 26 | 27 |
| Other Income | 2 | 4 | 2 | 0 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 3 | 2 |
| Profit before tax | 20 | 35 | 43 | 45 |
| Tax % | 24 | 25 | 25 | — |
| Net Profit | 16 | 26 | 32 | 34 |
| EPS in Rs | 8.35 | 14.17 | 17.23 | 18.06 |
| Dividend Payout % | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Equity Capital | 19 | 19 | 19 |
| Reserves | 16 | 43 | 73 |
| Borrowings | 2 | 2 | 2 |
| Other Liabilities | 23 | 50 | 51 |
| Total Liabilities | 60 | 113 | 144 |
| Fixed Assets | 4 | 7 | 5 |
| CWIP | 0 | 0 | 0 |
| Investments | 18 | 20 | 36 |
| Other Assets | 38 | 86 | 103 |
| Total Assets | 60 | 113 | 144 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Cash from Operating Activity | 10 | 24 | 26 |
| Cash from Investing Activity | -14 | -6 | -13 |
| Cash from Financing Activity | 2 | 0 | 0 |
| Net Cash Flow | -2 | 17 | 13 |
| Free Cash Flow | 7 | 18 | 26 |
| CFO/OP | 74 | 96 | 86 |

### Ratios

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Debtor Days | 99 | 128 | 105 |
| Inventory Days | 0 | 0 | 0 |
| Cash Conversion Cycle | 99 | 128 | 105 |
| Working Capital Days | 29 | 25 | 30 |
| ROCE % | — | 67 | 54 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 47.24% | 47.26% | 47.3% | 47.3% | 47.38% | 47.38% | 47.38% | 47.38% | 47.38% | 47.42% | 47.49% | 47.61% |
| FIIs | 0% | 0% | 0% | 0.01% | 0.01% | 0.11% | 0.02% | 0% | 0% | 0.01% | 0% | 0.01% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.01% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 22.85% | 22.88% | 22.84% | 22.79% | 21.95% | 22.31% | 23.59% | 23.15% | 23.07% | 22.51% | 23.68% | 23.19% |
| Others | 29.91% | 29.87% | 29.87% | 29.9% | 30.67% | 30.21% | 29.01% | 29.47% | 29.56% | 30.06% | 28.84% | 29.17% |
| No. of Shareholders | 6475 | 7000 | 7522 | 8105 | 10150 | 10288 | 9975 | 9719 | 9285 | 8721 | 8312 | 6918 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 5 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 710.22 | Buy |
| EMA (10) | 711.58 | Sell |
| SMA (20) | 715.78 | Sell |
| EMA (20) | 720.76 | Sell |
| SMA (50) | 781.02 | Sell |
| EMA (50) | 735.35 | Sell |
| SMA (100) | 718.82 | Sell |
| EMA (100) | 691.84 | Buy |
| SMA (200) | 543.16 | Buy |
| EMA (200) | 609.44 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.56 | Neutral |
| MACD (12,26,9) | -14.53 | Buy |
| Stochastic (14,3,3) | 19.3 | Buy |
| ADX (14) | 16.28 | Neutral |
| Williams %R (14) | -78.71 | Neutral |
| ATR (14) | 26.48 | High Volatility |
| ROC (12) | -0.38 | Sell |
| Stoch RSI (14) | 93.78 | Sell |
| UO (7,14,28) | 39.65 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-25 | [Announcement - Letter To Shareholders](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1721b246-6c09-4e44-8846-4bafc2d5919d.pdf) |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d44a374-af2b-4696-bdc2-f40b085a27ee.pdf) |
| 2026-08-20 | [The 11Th Annual General Meeting (AGM) Of The Company Will Be Held On Friday September 18 2026 At 3.00 P.M. IST Through Video Conferencing / Other Audio Visual Means.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=066affa2-b199-4054-b25a-21ef81cdf984.pdf) |
| 2026-08-20 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a74c7d95-64c1-478a-b9c8-3ed03cd3f1ed.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a7bb244b-390d-4e49-a1cc-d1a112874f02.pdf) |
| 2026-08-17 | [Announcement Under Regulation 30](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91469701-e12f-4a9b-980c-3cab0f0cd3d4.pdf) |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0927d34f-1e32-4c13-9e34-f1827aeeb522.pdf) |
| 2026-08-10 | [Board Meeting Outcome for Results - Financial Results For Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=13da61ce-e7b4-4818-80a5-7581f1e317c5.pdf) |
| 2026-08-10 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d89b63d6-8eb8-4708-81ff-c6ed8598de1c.pdf) |
| 2026-08-10 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=004fbbb8-1ace-447b-b64e-4d0e28facee2.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-10 | [Results - Financial Results For June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ba5fb8e-b404-4074-9480-7d05e569b8fe.pdf) |
| 2026-05-27 | [Results - Financial Results For Financial Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d06ca30-dfc3-4010-8f15-5fcf004fe97e.pdf) |
| 2026-02-12 | [Results - Financial Results For December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d76d5684-74fa-40f5-bbc3-f8d2d8afeefa.pdf) |
| 2025-11-12 | [Results - Financial Results For Sept 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e1ca4da-5b24-422e-b204-2a9ef194c38c.pdf) |
| 2025-08-12 | [Results - Financial Results For Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b835a76a-f563-4f1b-bfbf-c427ad848add.pdf) |
| 2025-05-28 | [Results - Financial For Quarter And Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17c9d59f-80d9-4557-9481-649c0d9a1fd5.pdf) |
| 2025-02-12 | [Results - Financial Results For Quarter And Period Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92ef4536-e634-4e1b-8a8a-06d99dfe30df.pdf) |
| 2024-11-12 | [Results - Financial Results For September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=965d18cd-0c39-4405-b71e-ca17d268d8a8.pdf) |
| 2024-08-13 | [Results - Financial Results For June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fe34677d-f5eb-48d9-8a31-e548d109f4b5.pdf) |
| 2024-05-30 | [Results - Financial Results For Mar 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0698beb3-3c3e-433b-a5ac-27d46afec3a2.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - NINtec Systems says it is not a Large Corporate as of March 31, 2026; outstanding borrowing Rs 1.88 crore. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 9h - NINtec Systems says it is not a Large Corporate as of March 31, 2026; outstanding borrowing Rs 1.88 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1ca055f6-c5b5-4198-ade1-41d3ddf776a4.pdf) |
| 8 May - NINtec Systems confirms it is not a Large Corporate as of 31 March 2026. | [General Updates - Annual Disclosure Regarding Non-Applicability As A Large Corporate 8 May - NINtec Systems confirms it is not a Large Corporate as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2208f47f-5b31-4760-a9ba-cd380222da35.pdf) |
| 8 May - CHRO Rushikesh Rajendra and Head-SEPG Parag Shah resigned effective May 8, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 8 May - CHRO Rushikesh Rajendra and Head-SEPG Parag Shah resigned effective May 8, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5a9ebf4e-ec6c-4edc-8d13-1fd6b75e98b3.pdf) |
| 25 Mar - Trading window closed from 1 Apr 2026 until 48 hours after Q4 FY2026 results declaration. | [Closure of Trading Window 25 Mar - Trading window closed from 1 Apr 2026 until 48 hours after Q4 FY2026 results declaration.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aa3e3225-ea14-4d00-85ef-90a462f4a6e6.pdf) |
| 25 Mar - NINtec Systems: trading window closed from 1 April 2026 until 48 hours after Q4 FY25-26 results. | [Closure of Trading Window 25 Mar - NINtec Systems: trading window closed from 1 April 2026 until 48 hours after Q4 FY25-26 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/86289c2f-52a2-4d2a-837a-90e90abeb936.pdf) |
| 24 Mar - Promoter/director Rachana Niraj Gemawat bought shares on 24-Mar-2026, raising stake to ~13.85%. | [General Update 24 Mar - Promoter/director Rachana Niraj Gemawat bought shares on 24-Mar-2026, raising stake to ~13.85%.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4dd3886c-0869-421c-9c5d-40e5cd538403.pdf) |
| 24 Mar - Promoter bought 11,806 shares (0.06%) on 24-Mar-2026; holding rises to 2,573,417 (13.85%). | [General Updates 24 Mar - Promoter bought 11,806 shares (0.06%) on 24-Mar-2026; holding rises to 2,573,417 (13.85%).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/70e86be7-0e56-4ff4-ba67-10cf3120a692.pdf) |
| 21 Mar - Mehul Makkampara and Rahul Guhathakurta appointed independent directors effective 1 Feb 2026 for five-year terms, board approved 28 Jan 2026, effective 1 Feb 2026.,"checklist":["Review announcement … | [Announcement Under Regulation 30 Of SEBI (LODR) 21 Mar - Mehul Makkampara and Rahul Guhathakurta appointed independent directors effective 1 Feb 2026 for five-year terms, board approved 28 Jan 2026, effective 1 Feb 2026.,"checklist":["Review announcement …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b65ab37d-0a4b-47b7-b077-db84b9f522ab.pdf) |
| 20 Apr - NINtec Systems says it is not a Large Corporate as of March 31, 2026; outstanding borrowing Rs 1.88 crore. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 20 Apr - NINtec Systems says it is not a Large Corporate as of March 31, 2026; outstanding borrowing Rs 1.88 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1ca055f6-c5b5-4198-ade1-41d3ddf776a4.pdf) |
| 2 Apr - NINtec Systems responds to BSE price-movement query, saying disclosures were timely and movement was market-driven. | [Reply To Clarification Sought From Nintec Systems Limited 2 Apr - NINtec Systems responds to BSE price-movement query, saying disclosures were timely and movement was market-driven.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe92870d-652c-4b43-9be7-cd06ad427eca.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb444336-1e5f-4a8a-a347-2a637bec5f01.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e1e90355-1930-4d8c-8053-20de2fc8ae9d.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/95e0a962-268e-4548-be4d-bf5e1816b795.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539843/76457539843.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539843/72222539843.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539843/65427539843.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539843/5398430319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539843/5398430318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539843/5398430317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/539843/5398430316.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2024-06-05 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=49ffa5a8-2d96-4416-ad94-44601201af79.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2024-06-03 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2be69b5-594b-40a9-bd05-ce57d3d2904d.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/49ffa5a8-2d96-4416-ad94-44601201af79.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:50:09.485Z.