NINtec Systems Limited, incorporated in 1997, is a global offshore Software Development Services & Solutions company and information technology service provider. The company was incorporated in Gujarat on August 4, 2015, as a Public Limited Company with the Registrar of Companies, and is headquartered in Ahmedabad. The company is promoted by Mr. Niraj C. Gemawat and Mr. Indrajeet A. Mitra.
The company serves 30 of Fortune 500 Companies and 100 SMEs across 18 industry verticals. NINtec Systems is well established in delivering software development services and solutions to global enterprises and adopting new technologies. It is a provider of consulting, technology, outsourcing and digital services, enabling clients in different countries to create and execute strategies for their digital transformation.
NINtec Systems Limited has demonstrated remarkable resilience and growth, particularly in the wake of the COVID-19 pandemic, positioning itself as a leader in high-end technology and engineering services across diverse sectors such as automotive and healthcare. The company's market capitalization stands at ₹807-823 crores as of April 2025, and specifically ₹812 crores as of May 9, 2025.
The company has delivered good profit growth of 91.5% CAGR over the last 5 years. It is almost debt-free and has an annual revenue growth of 93%, which is outstanding, with a pre-tax margin of 25% and ROE of 44% being exceptional. The company maintains a reasonable debt to equity ratio of 7%, signaling a healthy balance sheet.
NINtec Systems Ltd's net profit jumped 73.9% since last year same period to ₹6.73 crores in Q3 2024-2025. On a quarterly growth basis, NINtec Systems Ltd has generated a 3.38% jump in its net profits since the last 3 months.
Net profit of NINtec Systems rose 76.90% to Rs 6.05 crore in the quarter ended December 2024 as against Rs 3.42 crore during the previous quarter ended December 2023. Sales rose 21.62% to Rs 21.26 crore in the quarter ended December 2024 as against Rs 17.48 crore during the previous quarter ended December 2023.
• Q3 2024-2025 Performance: Net Profit of ₹6.73 crores (73.9% YOY jump)
• December 2024 Quarter Performance: Net Profit of ₹6.05 crore (76.90% YOY increase), Sales of ₹21.26 crore (21.62% YOY increase)
• Revenue (Annual): ₹82.0 crores
• Profit (Annual): ₹21.6 crores
• Market Capitalization: ₹812 crores (as of May 9, 2025)
• P/E Ratio: 32.94 times (as of May 9, 2025)
• P/B Ratio: 15.02 times (as of May 9, 2025)
• ROE: 50.6%
• ROCE: 64.4%
• Debt to Equity Ratio: 7%
• Promoter Holding: 47.38% (as of March 2025)
The company has specialized in off/on-shore software product development, software migration, multimedia design & development, application development & maintenance and web designing. The customer base includes companies from diverse industry verticals like Automotive, Print Media & Publishing, Banking, Financial Services & Insurance, Transportation and Logistics.
NINtec Systems Limited's strategic expansion into cybersecurity, supported by the establishment of Security Operations Centers, reflects its commitment to addressing increasing digital threats while enhancing service offerings through key partnerships.
Mr. Niraj C. Gemawat is the Managing Director and Promoter of the company. He has completed his Bachelor's in Engineering (B.E.) from Ahmedabad and Post-Graduation in Business Administration (MBA) from Pune. He joined the company on August 04, 2015, and looks after Business Development and Management of the Company.
Mr. Indrajeet A. Mitra is a Non-Executive Director and Promoter of the Company. He has completed his Bachelor of Science (BSc.) from Ahmedabad and Masters in Computer Applications (MCA) from Ahmedabad. He is associated with the Company since incorporation and looks after the technology transformation, quality and overall project management, deciding the Best Software Development practices to be followed by the Company and client interactions on technology part.
The company is listed as an SME and in February 2023, NINtec Systems achieved a significant milestone by migrating from the small and medium enterprise segment.
NINtec Systems Ltd share price stands at ₹427.65 with a 52-week high of ₹690.9 and 52-week low of ₹420.55. The promoter holding has increased to 47.38% as of March 2025 from 47.30% as of June 2024.
Though the company is reporting repeated profits, it is not paying out dividends. The dividend yield is 0.00%.
NINtec Systems Limited represents a growing player in the global software development services sector, with strong financial performance, debt-free operations, and a diverse client base spanning multiple industry verticals. The company's focus on digital transformation services and emerging technologies positions it well for continued growth in the evolving IT services landscape.
