Mindteck (India) Ltd
Incorporated in 1991, Mindteck Ltd is in the business of rendering engineering and IT services[1]
- Market Cap ₹ 867 Cr.
- Current Price ₹ 271
- High / Low ₹ 335 / 141
- Stock P/E 27.9
- Book Value ₹ 81.4
- Dividend Yield 0.37 %
- ROCE 15.5 %
- ROE 12.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 48.7% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 8.98% over past five years.
- Company has a low return on equity of 12.4% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 329 | 319 | 312 | 342 | 297 | 299 | 276 | 287 | 299 | 337 | 386 | 424 | 418 | |
| 300 | 290 | 291 | 331 | 296 | 295 | 272 | 267 | 278 | 310 | 353 | 389 | 382 | |
| Operating Profit | 29 | 29 | 21 | 11 | 1 | 4 | 4 | 20 | 21 | 27 | 32 | 35 | 36 |
| OPM % | 9% | 9% | 7% | 3% | 0% | 1% | 2% | 7% | 7% | 8% | 8% | 8% | 9% |
| 1 | 1 | 2 | 3 | 0 | 3 | -59 | 5 | 23 | 4 | 6 | 6 | 8 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 2 | 2 | 2 | 1 | 2 | 7 | 6 | 5 | 5 | 4 | 5 | 5 |
| Profit before tax | 29 | 28 | 21 | 11 | -0 | 4 | -64 | 16 | 38 | 26 | 34 | 35 | 38 |
| Tax % | 35% | 31% | -25% | 19% | 4,608% | 37% | 1% | 33% | 13% | 20% | 19% | 19% | |
| 19 | 19 | 26 | 9 | -6 | 3 | -65 | 11 | 33 | 21 | 27 | 29 | 31 | |
| EPS in Rs | 5.96 | 6.13 | 8.23 | 2.93 | -1.77 | 0.86 | -20.25 | 3.39 | 10.38 | 6.57 | 8.62 | 8.99 | 9.74 |
| Dividend Payout % | 13% | 13% | 10% | 27% | -45% | 92% | 0% | 0% | 8% | 12% | 9% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 9% |
| 3 Years: | 12% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 49% |
| 3 Years: | 20% |
| TTM: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 66% |
| 3 Years: | 34% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 12% |
| 3 Years: | 12% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 32 |
| Reserves | 123 | 139 | 165 | 172 | 167 | 170 | 104 | 115 | 150 | 166 | 196 | 228 |
| 0 | 0 | 0 | 1 | 0 | 0 | 13 | 26 | 8 | 6 | 2 | 7 | |
| 48 | 56 | 42 | 43 | 44 | 44 | 42 | 41 | 46 | 46 | 52 | 54 | |
| Total Liabilities | 195 | 219 | 231 | 240 | 236 | 239 | 184 | 207 | 229 | 243 | 276 | 322 |
| 92 | 92 | 91 | 90 | 97 | 101 | 51 | 38 | 38 | 36 | 33 | 38 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 8 | 14 | 0 | 0 | 0 | 0 | 0 | 0 |
| 103 | 127 | 140 | 150 | 130 | 125 | 133 | 169 | 191 | 207 | 243 | 284 | |
| Total Assets | 195 | 219 | 231 | 240 | 236 | 239 | 184 | 207 | 229 | 243 | 276 | 322 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14 | 23 | 17 | -12 | 4 | -13 | 15 | 34 | 22 | 13 | 22 | 24 | |
| -2 | -1 | 1 | 1 | -12 | -2 | 13 | -25 | -19 | -7 | -12 | -5 | |
| -4 | -3 | -2 | -1 | -3 | -3 | -9 | 13 | -3 | -15 | -2 | 1 | |
| Net Cash Flow | 8 | 19 | 16 | -11 | -11 | -18 | 19 | 22 | -0 | -9 | 8 | 20 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 71 | 68 | 75 | 71 | 86 | 75 | 87 | 89 | 93 | 88 | 87 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 63 | 71 | 68 | 75 | 71 | 86 | 75 | 87 | 89 | 93 | 88 | 87 |
| Working Capital Days | 32 | 31 | 46 | 58 | 57 | 79 | 62 | 24 | 45 | 53 | 54 | 53 |
| ROCE % | 21% | 18% | 12% | 6% | 1% | 3% | -1% | 12% | 12% | 14% | 16% | 16% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Publication on Special Window for Re-Lodgement of shares
-
Clarification On Increase In Volume Of Mindteck Shares
16 Oct - Informs BSE all disclosures made; no undisclosed price-sensitive information about volume increase.
-
Clarification sought from Mindteck (India) Ltd
16 Oct - Exchange has sought clarification from Mindteck (India) Ltd on October 16, 2025, with reference to Movement in Volume.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Oct - Certificate under Reg 74(5) confirming dematerialisation for quarter ended Sep 30, 2025.
- Closure of Trading Window 26 Sep
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Business Overview:[1]
Mindteck is a CMMI Level 5 and ISO 9001:2015, ISO 13485:2016, and ISO 27001 certified, engineering and technology solutions company
which specializes in embedded systems, enterprise applications, testing, and professional services provided to Fortune 1000 companies, start-ups, universities, and government entities worldwide