The shares of this small-cap company hit 20 percent upper circuit of Rs 153.90 apiece after an ace investor Ramesh Shrichand Damani bought 8,00,000 equity shares in the company.
NIIT Ltd has a market capitalization of Rs 2,082.67 crore, the shares were trading at Rs 153.90 per share, increasing around 20 percent as compared to the previous closing price of Rs 128.25 apiece.
Reason For Rise:-
Today, the shares of the company have seen bullish movement after an ace investor Ramesh Shrichand Damani bought 8,00,000 equity shares which is equivalent to 0.59 percent of NIIT, with an average price of Rs 127.55 apiece. This transaction is valued at Rs 10.20 crore.
Last week, 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.
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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 a 35.34 percent stake in the company, and Foreign Institutional Investors own a 17.43 percent stake.
Company snapshot:-
NIIT Limited provides skills development solutions for individuals, corporations, and organizations. The Company provides managed training services such as curriculum design, bespoke content development, learning delivery, administration, strategic sourcing, technology, and consulting.
Written by:- Abhishek Singh
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