NINtec Systems Limited (NINSYS) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of NINtec Systems Limited ₹780, price ₹805, upside -3.1%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
43‑month range ₹137.86 – ₹914.15 · fair‑value band ₹289.39 – ₹965.79 · the ₹804.65 price screens above the ₹779.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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NINtec Systems Limited provides software development services and solutions in India.
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NINtec Systems Limited provides software development services and solutions in India. The company offers business analytics services; cloud services, including cloud advisory, infrastructure, integration, management, and security; application engineering comprising planning, designing, building, implementing, and optimizing application development and maintenance; testing services, such as test automation, performance testing, functional testing, security testing and validation, usability and accessibility testing, and regression testing; and artificial intelligence and machine learning solutions. It also provides offshore software product development, software migration, multimedia design and development, application development and maintenance, web designing, digitization of engineering drawings, and search engine optimization services. In addition, the company provides future engineering solutions, including blockchain development, internet of things, process automation and software bots, and cognitive AI solutions. The company serves automotive, print media and publishing, banking, financial services and insurance, transportation and logistics, healthcare and life sciences, and manufacturing industries. NINtec Systems Limited was incorporated in 2015 and is headquartered in Ahmedabad, India.
Stock analysis
NINtec Systems Limited (NINSYS) currently trades at ₹804.65, while our model-based Fair Value estimate is ₹779.63, so the stock looks roughly fairly valued today (gap 3.2%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹870.94 per share, and 2 of the 24 models we run sit above the ₹804.65 price.
Bear case: the Economic Profit group reads lowest at ₹131.21, and 22 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹289.39 (bear) to ₹965.79 (bull), the price of ₹804.65 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
NINtec Systems Limited reported revenue of ₹1.7B in FY2026 versus ₹198M in FY2022, a compound +71.2%/yr. Reported net income was ₹320M in FY2026, compounding +84.3%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹14.9B (≈ $155M) · P/E ratio 44.6 · P/S ratio 8.38 · EPS (TTM) ₹18.06 · Net margin 18.8% · Return on equity 41.9% · Return on assets (EBIT) 25.1% · Operating margin 25.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 181% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 44% fair-value upside, at −3%, NINSYS screens richer than that median.
Fair Value models
Bear ₹289.39Fair Value ₹779.63Bull ₹965.79
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹9.15 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+21.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+74.0%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+92.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+92.1%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16% → 24%
2026 sits 106% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+39.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +33.9% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 461 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside−3.1% · Below median
Profitability
Return on equity (TTM)41.9% · Top 25%
Return on assets20.0% · Top 25%
Net margin (TTM)18.9% · Top 25%
Operating margin (TTM)25.0% · Top 25%
Growth and dividend
Revenue growth18.1% · Above median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "NINtec Systems Limited Fair Value". https://www.fairvalue-calculator.com/stock/NINSYS
Frequently asked questions
Is NINtec Systems Limited (NINSYS) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹779.63 versus a price of ₹804.65, about −3% upside (fairly valued).
What is the fair value of NINSYS?
Our model-based fair value for NINtec Systems Limited is ₹779.63 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹804.65.
What is the quality score of NINSYS?
NINtec Systems Limited has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for NINtec Systems Limited (NINSYS)?
Our model-based price target is the fair value of ₹779.63 (as of Sep 27, 2026) from 24 valuation models. Cautious scenario ₹289.39, optimistic scenario ₹965.79. It is a calculation from audited fundamentals, not an analyst target.
What is the NINtec Systems Limited stock forecast for 2026?
Our models put fair value at ₹779.63, about −3% upside versus a price of ₹804.65 (fairly valued). Cautious scenario ₹289.39, optimistic scenario ₹965.79. The calculation is refreshed regularly with new filings.
What is the revenue of NINtec Systems Limited (NINSYS)?
NINtec Systems Limited reported trailing-twelve-month revenue of about ₹1.8B (latest available figure, as of Sep 27, 2026).
What growth is priced into NINtec Systems Limited (NINSYS)?
For today's price to be fair in a discounted-cash-flow model, NINtec Systems Limited would have to grow free cash flow by +39.5 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +71.2 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of NINSYS use?
Our models discount NINtec Systems Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.27, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For NINtec Systems Limited that is +39.5 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has NINtec Systems Limited (NINSYS) delivered so far?
Over the past 4 years revenue at NINtec Systems Limited grew +71.2 % a year. The price currently implies +39.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of NINtec Systems Limited (NINSYS) growing?
The median revenue growth in the sector is +9.6 % a year. That is the yardstick for the growth priced into NINtec Systems Limited (+39.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of NINtec Systems Limited (NINSYS)?
The free-cash-flow yield on the price is 1.79 %: that much free cash flow NINtec Systems Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NINtec Systems Limited (NINSYS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NINtec Systems Limited it is ₹779.63 per share (as of Sep 27, 2026), against a price of ₹804.65. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is NINtec Systems Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, NINSYS trades above its calculated fair value: price ₹804.65, fair value ₹779.63, a gap of about −3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NINSYS?
No. The price is what the market pays today (₹804.65); the fair value is what the company's own numbers justify (₹779.63). For NINtec Systems Limited the two are ₹25.02 per share apart. That gap is exactly why we show both numbers side by side.
How much is NINtec Systems Limited worth?
The market values NINtec Systems Limited at about ₹14.9B (market capitalisation, as of Sep 27, 2026). Per share that is ₹804.65; our models calculate a fair value of ₹779.63 per share.
What do the bullish and bearish scenarios say about NINSYS?
Our models span a range for NINtec Systems Limited: cautious scenario ₹289.39, base ₹779.63, optimistic ₹965.79 per share (as of Sep 27, 2026, price ₹804.65). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NINSYS?
NINtec Systems Limited trades at a price-to-earnings ratio of 44.6 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹779.63 is built from several models across several years. Other multiples: P/B 16.3, P/S 8.4, EV/EBITDA 30.8.
How solid is the balance sheet of NINtec Systems Limited (NINSYS)?
Balance-sheet figures for NINtec Systems Limited (as of Sep 27, 2026): return on equity 41.9%, debt of 0.02 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is NINSYS from its 52-week high?
NINtec Systems Limited trades at ₹804.65, about 12% below its 52-week high of ₹914.15 and 181% above the low of ₹286.60 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹779.63 is for.
Which stocks are comparable to NINtec Systems Limited?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is NINtec Systems Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹804.65, calculated fair value ₹779.63 (−3%), Quality Score 74/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NINSYS calculated?
We run NINtec Systems Limited through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹779.63, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. NINtec Systems Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of NINtec Systems Limited (NINSYS)?
The closing price on Oct 1, 2026 was ₹804.65. Our model-based fair value is ₹779.63, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NINtec Systems Limited right now?
The model range is unusually wide (₹289.39 to ₹965.79). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of NINtec Systems Limited
How large is the market capitalisation of NINtec Systems Limited (NINSYS)?
The market capitalisation of NINtec Systems Limited is ₹14.9B (≈ $155M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of NINtec Systems Limited (NINSYS)?
The price-to-sales ratio of NINtec Systems Limited is 8.38 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NINtec Systems Limited (NINSYS)?
Earnings per share at NINtec Systems Limited are ₹18.06 (price ÷ EPS = P/E 44.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of NINtec Systems Limited (NINSYS)?
The net margin of NINtec Systems Limited is 18.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of NINtec Systems Limited (NINSYS)?
The return on equity (ROE) of NINtec Systems Limited is 41.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of NINtec Systems Limited (NINSYS)?
On an EBIT basis the return on assets of NINtec Systems Limited is 25.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of NINtec Systems Limited (NINSYS)?
The operating margin of NINtec Systems Limited is 25.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NINtec Systems Limited (NINSYS)?
Revenue at NINtec Systems Limited is growing +18.1% versus a year earlier (3y avg +74.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at NINtec Systems Limited (NINSYS)?
Earnings per share at NINtec Systems Limited are growing +20.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does NINtec Systems Limited (NINSYS) hold?
NINtec Systems Limited holds more cash than debt, ₹369M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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