Mastek Ltd

Mastek Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mastek Ltd

₹ 1,700 -2.63%
24 Apr - close price
mastek.com BSE: 523704 NSE: MASTEK
About

Established in 1982, Mastek is a provider of vertically-focused enterprise technology solutions. Having its presence in IT industry for almost 4 decades, Mastek Ltd has evolved from an IT solutions provider to Digital transformation partner.[1]

Key Points

Services Offered
The company’s offerings include business and technology services such as Application Development, Application Maintenance, Business Intelligence and Data Warehousing, Testing & Assurance, and Legacy Modernisation. [1]

Website BSE NSE
  • Market Cap ₹ 5,270 Cr.
  • Current Price ₹ 1,700
  • High / Low ₹ 2,818 / 1,334
  • Stock P/E 22.8
  • Book Value ₹ 280
  • Dividend Yield 1.35 %
  • ROCE 29.7 %
  • ROE 25.9 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 67.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 48.2%

Cons

  • Tax rate seems low
  • Earnings include an other income of Rs.102 Cr.
  • Debtor days have increased from 81.6 to 125 days.
  • Working capital days have increased from 68.2 days to 178 days

* 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 500 BSE Information Technology Nifty500 Shariah BSE 250 SmallCap Index BSE 400 MidSmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
89 97 107 113 117 227 245 233 234 229 218 226 245
73 85 90 94 96 184 203 216 194 190 187 192 191
Operating Profit 16 12 17 19 21 43 42 17 40 39 32 33 53
OPM % 18% 12% 16% 17% 18% 19% 17% 7% 17% 17% 15% 15% 22%
49 2 38 8 23 4 60 7 -2 26 58 8 10
Interest 0 0 0 0 1 2 2 1 0 0 0 0 0
Depreciation 3 3 3 3 4 8 8 4 7 7 6 6 6
Profit before tax 62 11 52 24 40 38 93 18 30 57 84 35 56
Tax % 16% -47% 9% 28% 2% 26% 16% 24% 33% 27% 10% 18% -2%
52 16 48 18 39 28 78 14 20 42 75 28 57
EPS in Rs 17.07 5.23 15.52 5.73 12.67 9.13 25.40 4.42 6.50 13.54 24.28 9.10 18.44
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
665 379 169 162 189 163 187 257 313 434 486 918
588 356 143 147 173 160 170 223 266 365 403 761
Operating Profit 77 22 27 16 17 4 17 34 47 69 84 157
OPM % 12% 6% 16% 10% 9% 2% 9% 13% 15% 16% 17% 17%
28 13 9 23 35 42 30 75 132 72 73 102
Interest 0 0 0 0 0 0 1 1 0 1 4 1
Depreciation 27 15 12 11 12 11 11 12 13 14 14 26
Profit before tax 78 21 24 27 39 34 36 96 166 127 139 232
Tax % 5% 35% 4% 42% 22% 19% 48% 20% 20% 5% 13% 13%
74 13 23 16 31 27 19 77 132 120 121 202
EPS in Rs 32.99 5.81 9.89 6.64 12.73 11.30 7.48 25.69 43.29 38.97 38.97 65.31
Dividend Payout % 8% 43% 35% 90% 67% 71% 194% 74% 44% 49% 59% 37%
Compounded Sales Growth
10 Years: 9%
5 Years: 37%
3 Years: 43%
TTM: 89%
Compounded Profit Growth
10 Years: 34%
5 Years: 68%
3 Years: 40%
TTM: 94%
Stock Price CAGR
10 Years: 28%
5 Years: 3%
3 Years: 0%
1 Year: -22%
Return on Equity
10 Years: 14%
5 Years: 16%
3 Years: 18%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 11 12 12 12 12 12 13 15 15 15 15 16
Reserves 427 186 218 216 248 257 467 587 727 834 897 852
1 0 1 1 2 2 2 3 3 54 8 10
75 47 41 49 51 66 168 110 89 117 133 242
Total Liabilities 514 246 272 278 313 336 650 715 835 1,021 1,053 1,120
69 46 45 45 45 40 36 35 33 66 61 85
CWIP 1 0 0 2 1 2 2 4 4 1 2 1
Investments 203 33 119 132 156 174 484 491 674 781 799 572
240 166 108 99 110 120 129 184 123 172 192 461
Total Assets 514 246 272 278 313 336 650 715 835 1,021 1,053 1,120

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
9 40 50 22 18 16 23 15 54 82 50 85
-11 -32 -61 -6 -4 23 -13 22 -7 -69 54 4
-5 -4 -0 -8 -14 -30 -6 -45 -56 -13 -110 -80
Net Cash Flow -6 3 -10 8 -0 8 4 -8 -9 0 -5 9
Free Cash Flow -10 29 39 9 7 10 17 3 81 75 44 66
CFO/OP 9% 184% 213% 126% 162% 694% 160% 82% 148% 134% 76% 73%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 41 50 31 62 69 57 87 80 44 53 67 125
Inventory Days
Days Payable
Cash Conversion Cycle 41 50 31 62 69 57 87 80 44 53 67 125
Working Capital Days 31 27 36 8 24 -8 -143 1 -9 -0 27 178
ROCE % 17% 6% 11% 10% 13% 13% 9% 14% 15% 15% 16% 30%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2019 Mar 2020 Mar 2023 Mar 2024 Sep 2025
Total Employee Headcount
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12-month Order Backlog
USD Million
Revenue Share - Top 5 Clients
%
Revenue Share - UK & Europe
%
Revenue Contribution - Government & Education
%
Number of Active Clients
Numbers

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
36.58% 36.50% 36.48% 36.26% 36.25% 36.24% 36.23% 35.97% 35.96% 35.79% 35.78% 35.77%
13.42% 13.93% 14.10% 14.40% 14.03% 8.14% 9.40% 10.00% 11.05% 11.24% 10.27% 8.03%
5.85% 5.99% 6.41% 7.07% 7.10% 10.41% 9.27% 9.84% 10.52% 11.52% 12.65% 19.02%
44.14% 43.56% 43.01% 42.26% 42.59% 45.22% 45.09% 44.19% 42.47% 41.45% 41.31% 37.18%
No. of Shareholders 1,05,47194,08190,28484,94991,45688,6761,06,6081,03,79898,0131,00,78097,54188,918

* 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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Documents

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