Mindteck (India) Ltd

₹ 135 -0.24%

13 Nov - close price

About

Incorporated in 1991, Mindteck Ltd is in the business of rendering engineering and IT services^[1]

Key Points

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

Website BSE NSE

Market Cap ₹ 432 Cr.
Current Price ₹ 135
High / Low ₹ 257 / 116
Stock P/E 12.6
Book Value ₹ 100
Dividend Yield 0.74 %
ROCE 15.1 %
ROE 12.1 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

The company has delivered a poor sales growth of 7.27% over past five years.
Company has a low return on equity of 12.6% 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.

Peer comparison

Information Technology Information Technology IT - Software Computers - Software & Consulting

Part of BSE Information Technology

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	98.47	95.75	97.90	108.15	108.23	104.02	104.02	101.30	101.63	100.46	103.91	104.08	105.50
YoY Sales growth	+17.13%	+15.84%	+10.32%	+15.78%	+9.91%	+8.64%	+6.25%	-6.33%	-6.10%	-3.42%	-0.11%	+2.74%	+3.81%
	89.71	87.21	90.37	99.15	99.64	94.92	95.45	91.68	94.42	90.01	93.25	95.95	97.72
Operating Profit	8.76	8.54	7.53	9.00	8.59	9.10	8.57	9.62	7.21	10.45	10.66	8.13	7.78
OPM %	8.90%	8.92%	7.69%	8.32%	7.94%	8.75%	8.24%	9.50%	7.09%	10.40%	10.26%	7.81%	7.37%
	1.60	1.52	1.66	0.23	1.75	1.83	2.00	2.65	4.02	-3.08	3.08	2.83	2.99
Interest	0.22	0.22	0.19	0.18	0.19	0.37	0.36	0.34	0.29	0.25	0.20	0.22	0.21
Depreciation	1.10	1.11	1.14	1.13	1.14	1.24	1.17	1.17	1.15	1.14	1.11	1.12	1.15
Profit before tax	9.04	8.73	7.86	7.92	9.01	9.32	9.04	10.76	9.79	5.98	12.43	9.62	9.41
Tax %	18.03%	17.64%	17.56%	19.44%	15.98%	14.91%	24.78%	18.68%	22.78%	15.55%	18.26%	13.10%	20.51%
	7.41	7.19	6.48	6.38	7.57	7.93	6.80	8.75	7.56	5.05	10.16	8.36	7.48
EPS in Rs	2.34	2.28	2.04	2.01	2.38	2.49	2.13	2.74	2.37	1.58	3.18	2.62	2.34
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	319	312	342	297	299	276	287	299	337	386	424	407	414
Sales growth	-3%	-2%	+10%	-13%	+1%	-8%	+4%	+4%	+13%	+14%	+10%	-4%	+1%
	290	291	331	296	295	272	267	278	310	353	389	369	377
Operating Profit	29	21	11	1	4	4	20	21	27	32	35	38	37
OPM %	9%	7%	3.2%	0.4%	1.5%	1.6%	7%	7%	8%	8%	8%	9%	9%
	1	2	3	0	3	-59	5	23	4	6	6	7	6
Interest	0	0	0	1	1	2	2	1	1	1	1	1	1
Depreciation	2	2	2	1	2	7	6	5	5	4	5	5	5
Profit before tax	28	21	11	-0	4	-64	16	38	26	34	35	39	37
Tax %	31%	-25%	19%	4,608%	37%	1%	33%	13%	20%	19%	19%	19%
	19	26	9	-6	3	-65	11	33	21	27	29	32	31
EPS in Rs	6.13	8.23	2.93	-1.77	0.86	-20.25	3.39	10.38	6.57	8.62	8.99	9.86	9.72
Dividend Payout %	13%	10%	27%	-45%	92%	0%	0%	8%	12%	9%	11%	10%

Compounded Sales Growth
10 Years:	3%
5 Years:	7%
3 Years:	7%
TTM:	1%

Compounded Profit Growth
10 Years:	3%
5 Years:	26%
3 Years:	18%
TTM:	16%

Stock Price CAGR
10 Years:	8%
5 Years:	11%
3 Years:	-10%
1 Year:	-41%

Return on Equity
10 Years:	4%
5 Years:	12%
3 Years:	13%
Last Year:	12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	25	25	25	25	25	25	25	25	25	25	32	32	32
Reserves	139	165	172	167	170	104	115	150	166	196	228	272	289
	0	0	1	0	0	13	26	8	6	2	7	4	3
	56	42	43	44	44	42	41	46	46	52	54	62	59
Total Liabilities	219	231	240	236	239	184	207	229	243	276	322	370	382
	92	91	90	97	101	51	38	38	36	33	38	33	32
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	8	14	0	0	0	0	0	0	56	62
	127	140	150	130	125	133	169	191	207	243	284	280	288
Total Assets	219	231	240	236	239	184	207	229	243	276	322	370	382

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	23	17	-12	4	-13	15	34	22	13	22	24	26
	-1	1	1	-12	-2	13	-25	-19	-7	-12	-5	-28
	-3	-2	-1	-3	-3	-9	13	-3	-15	-2	1	-7
Net Cash Flow	19	16	-11	-11	-18	19	22	-0	-9	8	20	-8
Free Cash Flow	21	17	-13	1	-14	13	33	21	11	21	23	26
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	100%	113%	-53%	716%	-135%	412%	172%	123%	69%	93%	89%	92%

Ratios

Consolidated / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	71	68	75	71	86	75	87	89	93	88	87	102
Inventory Days
Days Payable
Cash Conversion Cycle	71	68	75	71	86	75	87	89	93	88	87	102
Working Capital Days	31	46	58	57	79	62	24	45	53	54	53	66
ROCE %	18%	12%	6%	1%	3%	-1%	12%	12%	14%	16%	16%	15%

Insights

In beta

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USA Revenue Share
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Total Headcount
employees ・Standalone data

Talent Management Revenue Share
%

Top 10 Client Revenue Concentration
%

Million-Dollar-Plus Clients
clients

Number of Active Clients
clients

Onsite Revenue Mix
%

Time & Material Revenue Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	64.91%	64.83%	64.61%	64.49%	64.49%	64.36%	64.20%	64.20%	64.20%	64.20%	64.20%	64.20%
	0.20%	0.33%	0.22%	0.04%	0.02%	0.18%	0.00%	0.00%	0.07%	0.01%	0.06%	0.06%
	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	33.23%	33.92%	35.15%	35.47%	35.49%	35.46%	35.79%	35.79%	35.72%	35.78%	35.73%	35.72%
	1.64%	0.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
No. of Shareholders	20,710	22,246	25,624	32,698	32,078	32,292	32,478	31,603	31,956	32,189	32,078	31,391

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	64.73%	64.29%	64.13%	64.13%	64.13%	63.90%	65.04%	64.83%	64.36%	64.20%	64.20%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%	0.20%	0.33%	0.18%	0.01%	0.06%
	0.00%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	35.27%	34.01%	34.25%	34.25%	34.25%	34.27%	33.11%	33.92%	35.46%	35.78%	35.72%
	0.00%	1.63%	1.62%	1.62%	1.62%	1.62%	1.65%	0.92%	0.00%	0.00%	0.00%
No. of Shareholders	10,735	10,825	10,694	10,971	9,843	22,328	19,962	22,246	32,292	32,189	31,391

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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