NINtec Systems share price today

NINtec Systems Ltd's share price was ₹973.00 at the close on 4 November 2026. It has been rising for 25 weeks. That is 46.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹290 and ₹973, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today NINtec Systems Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 3 weeks in a row.

Over the last 11 years the share price moved +23,574% while the NIFTY 500 moved +228%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Revenue up on a year earlier for 11 quarters in a row

   In the September 2026 quarter revenue was ₹48 crore, +14.3% on a year earlier.

2. Profit up on a year earlier for 11 quarters in a row

   In the September 2026 quarter profit was ₹11 crore, +37.5% on a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), NINtec Systems reported revenue of ₹48.0 crore, up 14.3% from ₹42.0 crore a year earlier, and a profit of ₹11.0 crore, up 37.5% from ₹8.00 crore.

NINtec Systems results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 3 June 2024, about January to March 2024; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

NINtec Systems closed at ₹973.00 on 4 November 2026, up 128.9% from ₹425.15 a year earlier (7 November 2025) and up 7,628.4% over five years. Its highest weekly close since April 2016 was ₹973.00 on 4 November 2026.

NINtec Systems share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

390 weekly closes from 22 April 2016 to 4 November 2026.

4 Nov 2026: NINtec Systems closed at ₹973.00, up 4.2% on the week and up 20.5% on the month. Results for July to September 2026: Revenue up 14.3% and profit up 37.5% on a year earlier.

Earlier

• Our read, 17 May 2026: Niche European offshore compounder, extraordinary 3-year growth now normalizing, thesis hinges on whether FY26 deceleration is a base-effect or a structural slowdown.
• 3 Jun 2024: NINtec Systems held its results call for January to March 2024.

Our read of the business

Latest quarter: Deceleration deepens, profit growth slips to 15% on a year earlier on elevated base.

Our read after the latest results, written 17 May 2026.

NINtec Systems has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. NINtec Systems Ltd paid out 0% of its profit as dividends in each of its last 11 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for January to March 2024, held on 3 June 2024, NINtec Systems' management spoke about the quarter; the main points are below.

Source: the call transcript.

From the call for January to March 2024, 3 June 2024. The July to September 2026 results are out since, so this part may be out of date until we update it.

What is changing at NINtec Systems, from the latest results and calls: geographical expansion, netherlands subsidiary + multi-year european deals, cybersecurity soc build-out (india + netherlands) and client mining + wallet share expansion.

• Client Mining + Wallet Share Expansion. Single-client cap at 20% enforces diversification; multi-year contracts create structured upgrade sales opportunities; AI/ML/cloud as cross-sales vectors. ⚠ estimate
• Operating Leverage via Onsite Headcount Expansion. Adding onsite talent in global teams increases both costs and billing rates, net effect depends on the cost-rate delta; operating margin has held 21-25% but not expanded. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 17 May 2026.

Profit on a year earlier decelerated from 33.5% in Jun 2025 to 15.2% in Dec 2025, whether this is a high-base normalization or structural growth impairment is the central unknown.

The main risks

• Profit Growth Deceleration, Base Effect vs Structural Slowdown: Profit on a year earlier decelerated from 33.5% in Jun 2025 to 15.2% in Dec 2025, whether this is a high-base normalization or structural growth impairment is the central unknown. ✓ fact
• FX Exposure, 95% Revenue in Euro/USD: 95% of revenue from overseas; any Euro weakness vs INR directly compresses reported revenue and profit without operational recourse. ✓ fact
• Intelligence Staleness, Single Concall from June 2024: Only 1 Tijori concall available (April to June 2024, June 2024 event), 20+ months stale; forward guidance credibility and current business state cannot be verified. ⚠ estimate
• Talent Attrition and Hiring Cost Escalation: Management goals 40-60% on a year earlier headcount growth; rapid scaling in European markets risks cultural dilution, attrition, and billing rate gaps. ✓ fact

Our read after the latest results, written 17 May 2026.

When NINtec Systems reports October to December 2026, these are the 5 checks that show whether the story is still on course. First: Profit on a year earlier trajectory in Mar 2026 quarter results.

NINtec Systems is on 3 of our India lists: Momentum stocks, 52 week high & low and IT stocks.

NINtec Systems Ltd earned ₹11.0 Cr of net profit in the Sep 2026 quarter, +37.5% on the same quarter a year earlier. That is the 11th quarter in a row of profit growth. Full-year FY26 profit was ₹32.0 Cr. That is 22.9% of the quarter's revenue. The same quarter a year earlier earned ₹8.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹32.0 Cr (+23.1% on the year before).

Why profit moved: revenue changed +14.3% on a year earlier and the margin moved +2.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +23.2% and revenue +19.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

NINtec Systems Ltd reported ₹48.0 Cr of revenue in the Sep 2026 quarter, +14.3% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 10 years it has grown 67.1% a year on average. The last full year, FY26, came in at ₹170 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The company established a 100% Netherlands subsidiary which enabled bidding on larger deals in European markets and simplified the work permit process for on-site engineers. This strategic shift resulted in multi-year contracts (3+ years), providing revenue visibility and cash flow predictability. Approximately 95% of revenue comes from European clients, concentrated in Nordics and Benelux. The subsidiary effectively converted project-based engagements into contracted relationships, increasing average deal tenure and reducing client churn.

The last four reported quarters add to ₹183 Cr.

FY26 revenue was ₹170 Cr, +21.4% on the year before.

Recent pace: the last four quarters grew +19.1% on average, against 67.1% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +18.8%, against +22.5% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +23.3%, against +26.8% a year (rolling over).

NINtec Systems Ltd's operating margin was 27.0% in the Sep 2026 quarter, 2.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 11 years it has been between 6.0% and 26.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Management explicitly guided adding talent onsite in global teams which increases costs and billing rates. This is a positive operating lever when billing rate increases outpace cost additions. Over 8 quarters, OPM has ranged 21-25% with no clear upward trend, suggesting the onsite expansion is margin-neutral rather than margin-accretive. The lever is real but its positive impact is being offset by the higher cost structure of onsite hiring.

Why the margin moved: operating margin changed +2.7 percentage points on the year while gross margin changed −5.3 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years, 81% of NINtec Systems Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹26.0 Cr of operating cash against ₹32.0 Cr of profit. After ₹1.0 Cr of spending on assets, ₹25.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 81% of profit came in as cash: the cash cycle got 85 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

NINtec Systems Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 105 days in FY26, up from 20 days in FY21. It spent ₹9.0 Cr on assets over the last 3 years. Customers take 105 days to pay, and stock sits for 0 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹170 Cr, each day of that cycle ties up about ₹0.5 Cr, so roughly ₹49.0 Cr is tied up in the business at any time.

FY26: customers took 105 days to pay and stock sat for 0 days, about 0.0 months of sales sitting as stock, for a full cycle of 105 days, longer than FY21's 20.

Spending on assets: ₹9.0 Cr over the last 3 years, against ₹6.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

NINtec Systems Ltd's P/E is 49.8×, near the high end of its own history: higher than 78% of past readings. Its usual P/E (the middle reading) is 37.9×, over 2.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +21.6% while the price moved +128.9%. The price did better than earnings, which pushed the multiple up within its own range.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

NINtec Systems Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 55.0%. This is based on 11 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: steady growth with healthy returns is how a business compounds over time.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

NINtec Systems Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: NORMALIZING FROM HYPERGROWTH. Still open: PAT YoY decelerated from 33.5% in Jun 2025 to 15.2% in Dec 2025, whether this is a high-base normalization or structural growth impairment is the central unknown.

NOT YET CHECKED

Our read, 17 May 2026. Niche European offshore compounder, extraordinary 3-year growth now normalizing, thesis hinges on whether FY26 deceleration is a base-effect or a structural slowdown.

From the numbers. No trough confirmed yet. FII stake…

From the price. Price stage 2, week 25, above its 200-day line, relative strength rising.

From the research. Niche European offshore compounder, extraordinary 3-year growth now normalizing, thesis hinges on whether FY26 deceleration is a base-effect or a structural slowdown.

Where they disagree. No trough confirmed yet. FII stake negligible (0.02-0.11%). Shareholder count has grown from 3,023 (Jun 2023) to 10,288 (Dec 2024) suggesting retail discovery. Matrix label strong OPPORTUNITY but low reliability flag is set given limited data depth.

What is proven. Niche European offshore compounder, extraordinary 3-year growth now normalizing, thesis hinges on whether FY26 deceleration is a base-effect or a structural slowdown.

What is not proven yet. PAT YoY decelerated from 33.5% in Jun 2025 to 15.2% in Dec 2025, whether this is a high-base normalization or structural growth impairment is the central unknown.

The test written in advance. PAT Growth Deceleration, Base Effect vs Structural Slowdown. Measured by: PAT Growth Deceleration, Base Effect vs Structural Slowdown PAT YoY trajectory in Mar 2026 quarter results by the next result.

The test written in advance. FX Exposure, 95% Revenue in Euro/USD. Measured by: FX Exposure, 95% Revenue in Euro/USD EUR/INR rate + quarterly reported OPM trend by the next result.

The test written in advance. Intelligence Staleness, Single Concall from June 2024. Measured by: Intelligence Staleness, Single Concall from June 2024 New concall upload to Tijori or any analyst coverage initiation by the next result.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

• 1 · Operating leveragebuilding
• 2 · Value-added mixquiet
• 3 · Management changebuilding
• 4 · Paying down debtquiet
• 5 · Regulatory approvalbuilding
• 6 · Order-book winsquiet
• 7 · Consolidationquiet
• 8 · Demerger or value unlockquiet
• 9 · Buybackquiet
• 10 · New geographiesbuilding
• 11 · More business from existing customersquiet
• 12 · New product launchquiet
• 13 · Mandatory normsquiet
• 14 · A bigger market to servequiet
• 15 · Market-share gainsquiet
• 16 · Asset qualityquiet