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NINtec Systems Limited (NINSYS)

₹855.20 +3.50% last close, 16 Oct

📊 NSE: NINSYS 🏢 Computers - Software - Medium / Small 📢 Latest filing: 05 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, NINtec Systems' revenue was ₹45.9 Cr (+18.1% year on year, -1.1% on the previous quarter), and net profit ₹9.2 Cr (+20.2% year on year); the operating margin was 25.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹45.9	+18.1%	-1.1%
Operating profit	₹11.9	+40.9%	-14.9%
Net profit	₹9.2	+20.2%	+5.2%
EPS (₹)	4.95	+20.1%	+5.3%
Operating margin	25.9%	—	—

Full quarterly financials → Results calendar →

NINSYS delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 51.85% of the NINSYS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 67.53%. That is lower than usual for this stock. Turnover was only ₹68 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 6 sessions in about the last 20.

51.85%Delivery, 16 Oct

67.53%Own 20-session average

1.4×Volume vs its average

₹855.20NSE close · +3.50%

Delivery in the last 5 sessions: 63.0% · 68.3% · 69.5% · 56.5% · 51.9%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

NINtec Systems Awarded SMERA SME-1 Rating & Featured Among India's Leading SMEs

🟡 NEUTRAL ⭐ 3/10

OTHER 📅 05 Oct 2026, 04:34 PM

NINtec Systems has released an investor update announcing two corporate recognitions. The company was featured as one of the 'Leading SMEs of India' in Dun & Bradstreet’s 'Business Enterprises of Tomorrow 2026' report. Additionally, it secured the highest SME rating grade, 'SMERA SME-1', from SMERA Ratings. While positive for corporate reputation and credit profile, there is no direct immediate impact on revenue or financials.

Assigned SMERA SME-1 rating, the highest performance and credit grade for SMEs
Featured in Dun & Bradstreet report titled 'Business Enterprises of Tomorrow 2026'
Press release published pursuant to Regulation 30 on October 05, 2026

💡 Track whether the SMERA SME-1 rating assists the company in lowering future borrowing costs or securing larger international client contracts, alongside the upcoming Q2 FY27 earnings.

NINtec Systems Certified in Claude Partner Network

🟡 NEUTRAL ⭐ 3/10

OTHER 📅 02 Oct 2026, 06:05 PM

NINtec Systems has informed the exchanges that it has been certified in the Claude Partner Network as of October 2, 2026. The company did not disclose any commercial terms, financial commitments, or revenue targets associated with this partnership. With TTM revenue at ₹177 crore and high exposure to European markets, the certification aligns with its IT consulting and software development services, but immediate financial impact cannot be quantified from the filing.

Certified in the Claude Partner Network as announced on October 2, 2026
Filing made under Regulation 30 of SEBI LODR Regulations, 2015
Financial terms, client commitments, or revenue targets not disclosed in the filing

💡 Track upcoming quarterly results to see if the AI partner ecosystem drives contract wins or higher realization in export markets.

NINtec Systems Featured in Dun & Bradstreet's 'Business Enterprises of Tomorrow 2026'

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Oct 2026, 06:36 PM

NINtec Systems informed stock exchanges that it has been recognized as one of the 'Leading SMEs of India' in Dun & Bradstreet's report titled 'Business Enterprises of Tomorrow 2026'. The disclosure, dated October 1, 2026, serves as a reputational acknowledgment. It carries no financial commitments, contract awards, or capital outlay. Against TTM revenue of ₹177 crore and a market capitalization of ₹1,495 crore, this announcement has no direct balance sheet impact.

Featured as one of the 'Leading SMEs of India' by Dun & Bradstreet.
Included in the report titled 'Business Enterprises of Tomorrow 2026'.
Filing submitted under Regulation 30 on October 1, 2026.
No commercial contract value or financial commitments disclosed.

💡 Track the upcoming quarterly financial results (Q2 FY27) to evaluate core revenue growth and margin sustainability rather than promotional recognitions.

NINtec Systems Assigned 'SMERA SME 1' Rating by SMERA Indicating Highest Credit Worthiness

🟢 POSITIVE ⭐ 3/10

ROUTINE 📅 30 Sep 2026, 11:23 AM

NINtec Systems Limited has been assigned the 'SMERA SME 1' performance and credit rating by SME Rating Agency of India (SMERA). The assigned rating denotes the highest creditworthiness in relation to other SME peers. As the company operates virtually debt-free with just ₹2 Cr in total debt against a net worth of ₹82 Cr, the rating affirms its strong operational stability but carries minimal direct financial impact on borrowing costs.

Assigned SMERA SME 1 performance and credit rating by SMERA on 30th September 2026
Rating designates highest credit worthiness compared to other SMEs
Company holds virtually zero leverage with total debt of ₹2 Cr vs TTM revenue of ₹177 Cr

💡 Monitor upcoming quarterly results (Q2 FY27) to assess whether strong credit metrics translate into larger enterprise software contract wins in Europe.

NINtec Systems AGM Approves 5-Year Re-Appointment of MD Niraj Gemawat, Names New Auditor

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 18 Sep 2026, 08:53 PM

Shareholders of NINtec Systems approved key governance decisions at the 11th AGM on September 18, 2026. Niraj Gemawat was re-appointed as Managing Director for a 5-year term from June 29, 2026 to June 28, 2031, not liable to retire by rotation. Additionally, director Rachana Gemawat was re-appointed upon retirement by rotation, and M/s J. T. Shah & Co. was appointed as the new Statutory Auditor. These decisions ensure leadership continuity for the firm, which generated ₹177 Cr in TTM revenue.

Re-appointment of Managing Director Niraj Gemawat for a 5-year term effective June 29, 2026 to June 28, 2031
Shareholder approval granted at the 11th Annual General Meeting held on September 18, 2026
Appointment of M/s J. T. Shah & Co., Chartered Accountants, as Statutory Auditor effective September 18, 2026
Re-appointment of Director Mrs. Rachana Gemawat upon retirement by rotation

💡 Track the upcoming Q2 FY27 earnings release to assess continued operational performance and audit continuity under the newly appointed statutory auditors.

NINtec Systems Concludes 11th AGM; Key Agendas Include MD Niraj Gemawat's Re-appointment

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Sep 2026, 08:47 PM

NINtec Systems Limited concluded its 11th Annual General Meeting on September 18, 2026, conducted via video conferencing with 44 members attending. The meeting transacted 5 agenda items, including the adoption of FY26 financial statements, the appointment of M/s. J.T. Shah & Co. as statutory auditors, and the re-appointment of Mr. Niraj Gemawat as Managing Director. The remote e-voting window was open from September 15 to September 17, 2026, with cut-off dated September 11, 2026. Detailed scrutiny and voting results will be disclosed separately.

11th AGM held via VC/OAVM on September 18, 2026, starting at 3:00 PM and concluding at 3:13 PM
Total of 44 members attended the meeting through video conferencing
Special business transacted: Re-appointment of Mr. Niraj Gemawat as Managing Director
Appointment of M/s. J.T. Shah & Co., Chartered Accountants, as Statutory Auditors of the Company
Remote e-voting was held from September 15, 2026 (9:00 AM) to September 17, 2026 (5:00 PM) based on September 11, 2026 cut-off

💡 Track the formal voting results filing to confirm approval percentages for the re-appointment of the MD and appointment of the new statutory auditor.

NINtec Systems Concludes 11th AGM; Key Agendas Include MD Re-Appointment and Auditor Change

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Sep 2026, 07:09 PM

NINtec Systems Limited concluded its 11th Annual General Meeting (AGM) held on September 18, 2026, through video conferencing with 44 members present. Shareholders considered ordinary business including the adoption of FY26 financial statements and the appointment of M/s. J.T. Shah & Co. as Statutory Auditors. The special business agenda included the re-appointment of Mr. Niraj Gemawat as Managing Director. The remote e-voting window was held from September 15 to September 17, 2026, and final voting results will be declared separately.

11th Annual General Meeting held on September 18, 2026, with 44 members attending via VC/OAVM
Remote e-voting was conducted from September 15 to September 17, 2026
Special business transacted included the re-appointment of Mr. Niraj Gemawat as Managing Director
Ordinary business included the appointment of M/s. J.T. Shah & Co., Chartered Accountants, as Statutory Auditors

💡 Monitor the formal scrutinizer report and voting results filed with the exchanges to confirm shareholder approval of all resolutions, including the Managing Director's re-appointment.

NINtec Systems Schedules 11th AGM on Sep 18, 2026; Shares FY26 Annual Report Links

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Aug 2026, 07:31 PM

NINtec Systems has issued a communication under Regulation 36(1)(b) of SEBI LODR providing web links to the FY 2025-26 Annual Report and Notice of the 11th Annual General Meeting (AGM). The AGM is scheduled to take place on Friday, September 18, 2026, at 3:00 PM IST via Video Conferencing / Other Audio Visual Means. This intimation is primarily targeted at shareholders whose email addresses are not registered with the Company or Depository Participants. This is a routine statutory disclosure and carries no operational or financial change.

11th Annual General Meeting scheduled for Friday, 18th September, 2026 at 3:00 p.m. (IST)
Meeting to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Annual Report for FY 2025-26 and AGM Notice uploaded and dispatched to registered emails
Web-link provided for shareholders whose email IDs are not registered with Company/DP/RTA

💡 Shareholders may review the FY26 Annual Report details via the provided company link and note September 18, 2026, for AGM participation and voting.

NINtec Systems Issues Notice for 11th AGM on September 18, 2026 and Releases FY26 Annual Report

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 20 Aug 2026, 06:17 PM

NINtec Systems has issued the notice for its 11th Annual General Meeting (AGM) scheduled for September 18, 2026, via Video Conferencing, along with its FY25-26 Annual Report. The company highlighted FY26 consolidated revenue of ₹170 crore and a net profit of ₹32 crore (EPS ₹17.23). On a standalone basis, FY26 revenue reached ₹101.70 crore (up 18.5% YoY) while PAT grew 19.24% YoY to ₹27.80 crore. The report emphasizes the firm's AI engineering pivot, noting a base of over 300 Claude-trained engineers serving 30+ Fortune 500 clients.

11th AGM scheduled for September 18, 2026, at 3:00 PM IST via VC/OAVM.
FY26 consolidated revenue delivered at ₹170 crore with net profit of ₹32 crore (EPS ₹17.23).
Standalone revenue grew 18.5% YoY to ₹101.70 crore; Standalone PAT rose 19.24% YoY to ₹27.80 crore.
Report highlights over 300 Claude-trained engineers serving 30+ Fortune 500 clients across 9 verticals.

💡 Track voting outcomes and resolutions at the AGM on September 18, 2026, and look for management commentary on European deal pipeline in Q2 FY27.

NINtec Systems Schedules 11th Annual General Meeting for September 18, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Aug 2026, 06:35 PM

NINtec Systems Limited has informed stock exchanges that its 11th Annual General Meeting (AGM) will be conducted on Friday, September 18, 2026, at 3:00 PM IST via Video Conferencing / Other Audio Visual Means. This is a routine statutory intimation in compliance with MCA and SEBI guidelines. The company recently reported TTM revenue of ₹177 Cr and TTM PAT of ₹34 Cr.

11th Annual General Meeting (AGM) scheduled for Friday, 18th September, 2026
Meeting set to commence at 3:00 P.M. (IST) via Video Conferencing / OAVM
Intimation filed on 17th August, 2026 under reference SEC/33/FY 26-27

💡 Watch for the upcoming Annual Report and AGM resolutions for strategic updates on European market expansion and multi-year IT deal execution.

40.9% Operating Profit Growth in Q1 FY27; NINSYS Reports Record ₹9.20 Cr PAT

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 10 Aug 2026, 05:40 PM

NINtec Systems reported a strong Q1 FY27 with revenue from operations growing 18.1% YoY to ₹45.86 Cr. The company demonstrated significant operational leverage as operating profit surged 40.9% to ₹11.88 Cr, driven by a 4.8% reduction in employee costs despite higher business volume. Net profit reached a record quarterly high of ₹9.20 Cr, up 20.2% YoY, with operating margins expanding by 420 basis points to 25.9%. Management attributes this efficiency to an 'AI-first' delivery model that decouples revenue growth from headcount expansion.

Operating profit grew 40.9% YoY to ₹11.88 Cr, outpacing revenue growth by a 2.3x multiplier
Operating margins expanded by 420 basis points YoY to reach 25.9%
Employee costs decreased by 4.8% YoY even as revenue from operations rose 18.1%
Net profit (PAT) reached a new quarterly high of ₹9.20 Cr, up 20.2% YoY
Trailing Twelve Month (TTM) revenue reached ₹177.20 Cr, a 22.0% increase over the previous TTM period

💡 Investors should monitor the sustainability of the 25.9% operating margin in upcoming quarters to verify if the 'AI-first' efficiency gains are structural or a one-off benefit from specific project cycles.

Rs 46.37 Cr Q1 Revenue (Up 19% YoY); New Statutory Auditor Appointed

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 10 Aug 2026, 05:22 PM

Nintec Systems reported a steady Q1 FY27 with consolidated revenue reaching Rs 46.37 Cr, a 19.4% increase from Rs 38.83 Cr in the same quarter last year. Net profit grew by 14.2% YoY to Rs 8.74 Cr, resulting in an EPS of Rs 4.71. The company also initiated a mandatory auditor rotation, appointing M/s. J. T. Shah & Company for a five-year term as the previous auditor completed two consecutive terms. Despite the revenue growth, total comprehensive income was impacted by a Rs 2.56 Cr loss in other comprehensive income, primarily due to exchange differences.

Consolidated revenue for Q1 FY27 rose to Rs 46.37 Cr from Rs 38.83 Cr in Q1 FY26.
Consolidated net profit increased to Rs 8.74 Cr, up 14.2% compared to Rs 7.65 Cr in the year-ago period.
M/s. J. T. Shah & Company appointed as Statutory Auditors for a 5-year term until the conclusion of the 16th AGM.
Total expenses for the quarter were Rs 33.19 Cr, compared to Rs 31.06 Cr in the corresponding quarter of the previous year.
Earnings Per Share (EPS) improved to Rs 4.71 from Rs 4.12 YoY.

💡 Investors should monitor the company's ability to maintain its ~25% operating margins and track the impact of currency fluctuations on its European-heavy revenue stream (95% of total).

NINSYS Q1 FY27: Consolidated Revenue Grows 19.4% YoY to ₹46.37 Cr

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 10 Aug 2026, 05:17 PM

NINtec Systems reported a steady Q1 FY27 with consolidated revenue reaching ₹46.37 Cr, a 19.4% increase compared to ₹38.83 Cr in the same quarter last year. Consolidated net profit grew 14.2% YoY to ₹8.74 Cr, though it saw a slight sequential decline of 5% from ₹9.20 Cr in the March 2026 quarter. The company maintained healthy margins with a Profit Before Tax of ₹11.87 Cr. Additionally, the board approved the appointment of M/s. J. T. Shah & Company as new statutory auditors for a five-year term following the completion of the previous auditor's tenure.

Consolidated Revenue from operations stood at ₹46.37 Cr for Q1 FY27, up 19.4% YoY.
Consolidated Net Profit for the period was ₹8.74 Cr, compared to ₹7.65 Cr in Q1 FY26.
Earnings Per Share (EPS) increased to ₹4.71 from ₹4.12 in the corresponding previous year quarter.
Standalone revenue contributed ₹26.98 Cr, indicating significant revenue generation from the Netherlands-based subsidiary.
New Statutory Auditor M/s. J. T. Shah & Company appointed for a 5-year term until the conclusion of the 16th AGM.

💡 Investors should monitor the company's ability to maintain its high ROCE (53%) and track the stability of its European revenue stream, which accounts for approximately 95% of total business.

NINtec Systems VP of Talent Acquisition & Operations Resigns Effective July 31, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 31 Jul 2026, 06:13 PM

Mr. Chainsingh Rathod, VP – Talent Acquisition & Operations at NINtec Systems Limited, has resigned effective July 31, 2026. The resignation is attributed to alternate career opportunities and prior commitments. This role is operationally significant for a software services firm with a current capacity of approximately 400 engineers and a TTM revenue of ₹170 Cr. While the exit is at the senior management level, it does not involve the CEO or CFO positions.

Resignation of Mr. Chainsingh Rathod, VP – Talent Acquisition & Operations, effective July 31, 2026.
Company maintains a workforce of approximately 400 engineers to support its software services.
NINtec reported a TTM revenue of ₹170 Cr and a high ROCE of 53.0%.
The resignation was formally submitted and accepted on July 31, 2026.

💡 Monitor the company's upcoming recruitment and capacity expansion updates to ensure the talent pipeline remains robust following this exit.

NINSYS Delivers Enterprise AI Platform for European Automotive Marketplace

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 29 Jul 2026, 03:39 PM

NINtec Systems (NINSYS) has successfully delivered an enterprise-scale AI transformation platform for a leading European automotive marketplace operating in the DACH region (Germany, Austria, Switzerland). The platform integrates seven AI components, including pricing intelligence and image moderation, into a cloud-native architecture. This delivery follows a recent €1.10 M (approx. ₹10 Cr) AI engagement signed in June 2026, which represents roughly 6% of the company's TTM revenue of ₹170 Cr. The project reinforces NINSYS's strategy of targeting high-margin European export markets, which currently account for 95% of its revenue stream.

Successfully delivered an AI-first seller platform for a major European automotive marketplace in the DACH region.
Integrated 7 distinct AI components including pricing intelligence, image moderation, damage detection, and voice automation.
Follows a €1.10 M (approx. ₹10 Cr) Nordic region AI engagement signed in June 2026.
Company reported FY26 revenue of ₹170.2 Cr, representing a 22% year-on-year growth.
Maintains a high ROCE of 53.0% and an Operating Profit Margin of 25.7% as of FY26.

💡 Investors should monitor if these high-end AI deliveries translate into larger multi-year contracts and sustained margin expansion in future quarterly results. The key execution risk remains the 95% revenue concentration in Europe, making geopolitical stability in that region a critical factor to watch.

View All NINSYS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single reportable segment, Software Services, which saw a massive revenue increase of 146% in FY24, reaching INR 84.69 Cr compared to INR 34.41 Cr in FY23. Q4 FY24 revenue grew by 177.9% YoY to INR 32.62 Cr.

Geographic Revenue Split

Revenue is heavily weighted toward international markets, with 95% derived from exports (specifically Nordic, Benelux, and Germany) and 5% from domestic Indian operations.

Profitability Margins

The company maintained strong profitability with a Net Sales ratio of 21.74% in FY25. Profit before tax for the half-year ended September 30, 2025, was INR 20.53 Cr, showing consistent performance compared to INR 16.29 Cr in the same period the previous year.

EBITDA Margin

Consolidated EBITDA margin for FY24 was 25.5%, with the full-year EBITDA reaching INR 21.58 Cr, a 172% increase YoY. Q4 FY24 EBITDA margin was 23.4% (INR 7.61 Cr).

Capital Expenditure

Net cash used in investing activities was INR 6.14 Cr in FY25, with INR 3.14 Cr utilized in the first half of FY26. This includes INR 0.25 Cr for property, plant, and equipment in H1 FY26, down from INR 5.38 Cr in FY25.

Credit Rating & Borrowing

The company maintains a low-debt profile; interest costs were INR 0.24 Cr in FY25, and the company repaid INR 0.24 Cr in borrowings during the same period. Specific credit ratings are not disclosed.

⚙️ Operational Drivers

Raw Materials

As a software firm, the primary 'raw material' is human capital (400 engineers), with training and R&D representing 4% to 4.5% of total revenue.

Import Sources

Not applicable as the company provides software services; however, talent is primarily sourced from India to serve European markets.

Key Suppliers

Not applicable for software services; the company relies on its internal workforce of approximately 400 engineers.

Capacity Expansion

Current capacity is approximately 400 engineers. Expansion is driven by continuous recruitment and upskilling, with 10% of employee time dedicated to training to remain 'mark-to-market'.

Raw Material Costs

Employee-related costs are the primary expense. R&D and training costs specifically amounted to approximately INR 4 Cr to INR 5 Cr in FY24, representing 10% of employee costs.

Manufacturing Efficiency

Efficiency is measured by ROCE, which was 52.08% in FY25, and ROI, which stood at 8.06%.

Logistics & Distribution

Not applicable; services are delivered digitally or through onsite/offshore consulting models.

📈 Strategic Growth

Expected Growth Rate

21.74%

Growth Strategy

The company aims to achieve growth by securing multi-year contracts and moving up the value chain with larger customers. It reinvests 100% of PAT into reserves or capital for growth, focusing on high-margin export markets in Europe and maintaining a 'clean' balance sheet with no capitalized R&D.

Products & Services

Software development services, IT consulting, offshore development center services, and specialized technology solutions for the Nordic and Benelux regions.

Brand Portfolio

NINtec Systems

New Products/Services

The company is continuously creating new capabilities in reusable components and tools to improve productivity and margins, though specific new product revenue % is not disclosed.

Market Expansion

Expansion is focused on deepening penetration in the Nordic, Benelux, and German markets through its Netherlands-based subsidiary.

Strategic Alliances

The company operates through its subsidiary, Nintec Systems B.V., Netherlands, to facilitate European market access.

🌍 External Factors

Industry Trends

The Indian tech ecosystem is increasingly impacting the global context. Trends include a shift toward multi-year contracts and the use of reusable components to drive productivity. The industry is evolving toward higher-value consulting rather than just labor arbitrage.

Competitive Landscape

Competes with both large global IT firms and niche software service providers, distinguishing itself through regional European expertise.

Competitive Moat

The moat is built on specialized expertise in the Nordic/Benelux markets and a high ROCE of 52.08%, which indicates superior capital efficiency. This is sustained by a 10% time-investment in employee upskilling.

Macro Economic Sensitivity

Highly sensitive to global economic developments and government regulations in India and Europe, which can impact the 95% export revenue base.

Consumer Behavior

Clients are increasingly seeking multi-year partnerships and 'future-ready' technology stacks rather than short-term projects.

Geopolitical Risks

Operations are subject to risks from political instability, war, and changes in international law in the European markets where they operate.

⚖️ Regulatory & Governance

Industry Regulations

Operations must comply with Indian Ind AS, the Companies Act 2013, and international regulations relevant to software exports and foreign subsidiary operations in the Netherlands.

Environmental Compliance

Not disclosed as a significant cost for this software services company.

Taxation Policy Impact

The effective tax rate is approximately 24.4%, based on a PBT of INR 20.53 Cr and a Profit for the period of INR 15.52 Cr for H1 FY26.

Legal Contingencies

No specific pending court cases or case values in INR were disclosed in the provided documents.

⚠️ Risk Analysis

Key Uncertainties

Global political instability and sudden changes in customer ownership (acquisitions) pose significant risks to contract continuity, with a potential impact on the 95% export revenue.