The share of this small-cap company gained up to 10 percent after the company’s promoter bought 2.62 equity shares from foreign institution investor.
Niit Ltd has a market capitalization of Rs 1,757.89 crore, the shares were trading at Rs 129.90 per share, increasing around 8 percent as compared to the previous closing price of Rs 118.95 apiece.
Reason For Rise:-
The company shares have seen positive movement today after the Pawar Family and Thadani Family, promotors of Niit Ltd, bought 35,38,051 equity shares which is equivalent to 2.62 percent of the company from Hornbill Orchid India Fund, a foreign institution investor, who offloaded its entire stake from the company.
Financial Condition:-
Examining the company’s financial performance, revenue jumped by 32 percent from Rs 62.55 crore in Q1FY24 to Rs 82.48 crore in Q1FY25, however during the same time frame, net profit zoomed by 237 percent from Rs 2.43 crore to 8.20 crore.
Ratio analysis:-
The company’s critical ratios show that the return on equity increased from 0.31 percent in FY22-23 to 3.71 percent in FY23-24, while the return on capital employed increased from 1.79 percent to 4.53 percent. The net profit margin (NPM) for fiscal year 23-24 is 13.01 percent.
Shareholding pattern:-
In the company’s recent shareholding pattern, the Promoters of the company own 34.66 percent while Retail shareholders own an 35.34 percent stake in the company, and Foreign Institutional Investors own a 17.43 percent stake.
Company snapshot:-
NIIT Limited offers skills and talent development solutions to people, businesses, and organizations. The Company offers a variety of managed training services, including curriculum design and custom content production, learning delivery, learning administration, strategic sourcing, learning technology, and consulting.
Written by:- Abhishek Singh
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