NSE: NINSYS · BSE: 539843
NINTEC SYSTEMS LIMITED
Provides technology services focused on artificial intelligence solutions for international clients. Delivered an enterprise-scale AI transformation platform for a C2B automotive marketplace in the DACH region, covering conversational AI, VIN lookup, document OCR, pricing intelligence, and A/B testing. Through its Dutch subsidiary, signed a EUR 1.10 million (about Rs. 12.10 crore) perpetual contract with a Finland-based AI company to act as Strategic Technology Partner, supporting the client's AI platform, integrations, and tech operations. FY26 revenue was Rs. 170.2 crore, up 21.7% year-on-year, with PAT of Rs. 32.0 crore. Operational leverage came from embedding AI in engineering and delivery — revenue grew 21.7% while employee costs rose only 8.2%. Employee expenses were 28.7% of revenue and other operating expenses 45.6% in FY26. The balance sheet is near debt-free with a D/E ratio of 0.02x. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. AI transformation platforms, Strategic technology partnerships, AI-led mandates across geographies. Asset-light AI-led technology services and engineering
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 83 | 140 | 170 |
| EBITDA (ex other income) | 20 | 33 | 44 |
| margin % | 24.0 | 23.5 | 25.7 |
| Owners' profit | 16 | 26 | 32 |
| EPS, as reported (₹) | 8.35 | 14.17 | 17.23 |
| ROE % · ROCE % | 44.4 · 53.8 | 42.9 · 54.8 | 34.9 · 44.6 |
| Debt / equity (x) | 0.07 | 0.03 | 0.02 |
| Cash from operations | 10 | 24 | 26 |
| Capex | (3) | (5) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 34 | 35 | 38 | 39 | 42 | 43 | 46 | 46 |
| Profit before tax | 9 | 9 | 10 | 10 | 10 | 10 | 12 | 12 |
| Net profit | 7 | 7 | 7 | 8 | 8 | 8 | 9 | 9 |
| EPS (₹) | 3.51 | 3.62 | 3.95 | 4.12 | 4.24 | 4.17 | 4.71 | 4.95 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Oct 2026 · NINtec Systems gets Dun and Bradstreet recognition and top SMERA credit rating | business updates | low | — | — |
| 2 Oct 2026 · Certified in Claude Partner Network | business updates | low | — | — |
| 1 Oct 2026 · NINtec Systems Featured as Leading SME by Dun and Bradstreet 2026 Report | business updates | low | — | — |
| 30 Sept 2026 · NINtec Systems gets highest SME credit rating from SMERA | credit debt | medium | — | — |
| 25 Sept 2026 · Trading Window Closure from October 1, 2026 | compliance | minimal | — | — |
| 18 Sept 2026 · AGM Approvals: MD Re-appointed for 5 Years, New Auditor Appointed | management changes | high | — | — |
| 18 Sept 2026 · Nintec Systems 11th AGM: All 5 resolutions passed unanimously | board shareholder meetings | low | — | — |
| 18 Sept 2026 · NINtec Systems 11th AGM proceedings - five resolutions transacted | board shareholder meetings | low | — | — |
| 25 Aug 2026 · 11th AGM on 18 Sept 2026 via video conferencing; Annual Report FY26 dispatched | compliance | minimal | — | — |
| 22 Aug 2026 · Newspaper advertisement regarding 11th AGM and e-voting information | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.