Mindteck (India) Ltd

About

Mindteck is an engineering and technology solutions company incorporated in 1991. Mindteck has considerable experience in E-commerce and Embedded Systems. The company has completed the acquisition of Infotech Holdings Inc, a company which is engaged in IT software consultancy and has become a subsidiary from July 2001. [1] [2]
Their global footprint spans the US, Canada, India, Europe, the APAC region (Singapore, Malaysia and Philippines), and the Middle East (Bahrain). They also have two Development Centers – Kolkata and Bengaluru.
Mindteck (India) Limited has seven wholly-owned subsidiaries and three step-down subsidiaries as at March 31, 2020. [3]

Key Points

Products/Services
Industries: Healthcare, Life sciences & chemical analysis, Semiconductor & storage.
Services:
Cloud - Hybrid Cloud Appliance and Interoperable Cloud Storage
Business Data Analytics
IoT Framework
Security and Compliance
Data Services - encompasses aggregation, visualisation and analytics. Features include advanced predictive and prescriptive analytics using technologies such as ML & AI
Product engineering - encompasses core competencies in embedded design; application development, product lifecycle management.
Testing - Their end-to-end testing discipline encompasses manual black box testing, test automation, security/penetration tests,and related.

See full details
  • Market Cap 267 Cr.
  • Current Price 104
  • High / Low 134 / 26.2
  • Stock P/E 20.0
  • Book Value 53.8
  • Dividend Yield 0.00 %
  • ROCE 11.7 %
  • ROE 8.17 %
  • Face Value 10.0

Pros

Cons

  • The company has delivered a poor sales growth of -1.65% over past five years.
  • Company has a low return on equity of 1.61% for last 3 years.
  • Earnings include an other income of Rs.22.00 Cr.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
75 70 80 69 68 69 71 69 73 73 73 73
73 71 78 66 67 68 70 66 68 68 65 69
Operating Profit 1 -1 2 3 1 1 1 3 4 5 7 5
OPM % 2% -1% 3% 4% 1% 1% 1% 5% 6% 7% 10% 6%
Other Income 2 0 1 0 0 -21 -39 2 1 1 0 20
Interest 0 0 -0 1 1 1 1 1 0 0 0 0
Depreciation 1 0 0 2 2 2 2 2 2 1 1 1
Profit before tax 2 -1 2 1 -1 -23 -41 3 3 4 6 23
Tax % 53% 0% -8% 58% -22% -0% 0% 43% 27% 63% 11% 5%
Net Profit 1 -1 3 0 -2 -23 -41 2 2 1 5 21
EPS in Rs 0.34 -0.47 1.04 0.14 -0.60 -8.88 -15.95 0.65 0.91 0.57 2.12 8.38

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
227 241 223 264 329 319 312 342 297 299 276 287 292
220 232 224 261 300 290 291 331 296 295 272 267 270
Operating Profit 7 9 -2 4 29 29 21 11 1 4 4 20 21
OPM % 3% 4% -1% 1% 9% 9% 7% 3% 0% 1% 2% 7% 7%
Other Income 4 5 1 0 1 1 2 3 0 3 -59 5 22
Interest 1 0 0 0 0 0 0 0 1 1 2 2 1
Depreciation 4 2 2 1 1 2 2 2 1 2 7 6 6
Profit before tax 6 11 -3 3 29 28 21 11 -0 4 -64 16 36
Tax % 42% 20% -62% 58% 35% 31% -25% 19% -4,608% 37% -1% 33%
Net Profit 3 9 -5 1 19 19 26 9 -6 3 -65 11 31
EPS in Rs 1.35 3.69 -2.03 0.43 7.45 7.66 10.30 3.66 -2.21 1.07 -25.29 4.24 11.98
Dividend Payout % 0% 0% 0% 0% 13% 13% 10% 27% -45% 92% 0% 0%
Compounded Sales Growth
10 Years:2%
5 Years:-2%
3 Years:-1%
TTM:6%
Compounded Profit Growth
10 Years:2%
5 Years:-16%
3 Years:29%
TTM:534%
Stock Price CAGR
10 Years:19%
5 Years:1%
3 Years:27%
1 Year:227%
Return on Equity
10 Years:0%
5 Years:-7%
3 Years:2%
Last Year:8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
26 24 24 25 25 25 25 25 25 25 25 25
Reserves 92 102 101 104 122 138 164 170 164 167 103 113
Borrowings 2 1 0 4 0 0 0 1 0 0 13 26
35 34 32 37 49 56 43 44 47 47 44 43
Total Liabilities 154 160 158 170 195 219 231 240 236 239 184 207
92 90 90 90 92 92 91 90 97 101 51 38
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 8 14 0 0
62 70 68 80 103 127 140 150 130 125 133 169
Total Assets 154 160 158 170 195 219 231 240 236 239 184 207

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
2 4 10 -6 14 23 17 -12 4 -13 15 34
-2 -0 -5 -1 -2 -1 1 1 -12 -2 13 -25
-8 -2 -0 4 -4 -3 -2 -1 -3 -3 -9 13
Net Cash Flow -8 1 5 -3 8 19 16 -11 -11 -18 19 22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 57 60 56 64 63 71 68 75 71 86 75 64
Inventory Days
Days Payable
Cash Conversion Cycle 57 60 56 64 63 71 68 75 71 86 75 64
Working Capital Days 36 35 30 36 32 31 46 59 57 79 68 52
ROCE % 5% 10% -2% 2% 21% 18% 12% 6% 1% 3% -1% 12%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
64.13 64.13 64.13 64.13 64.13 64.13 64.13 64.13 64.13 64.13 64.13 64.09
0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.00
34.25 34.25 34.25 34.25 34.25 34.21 34.25 34.25 34.25 34.25 34.25 34.29
1.62 1.62 1.62 1.62 1.62 1.62 1.62 1.62 1.62 1.62 1.62 1.62

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