Mastek Ltd

Mastek Ltd

₹ 2,543 1.12%
28 Mar - close price
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 primary services includes application development, application maintenance & support, ERP and cloud migration, business intelligence & analytics, agile consulting, assurance & testing and digital commerce.[1]

  • Market Cap 7,801 Cr.
  • Current Price 2,543
  • High / Low 3,147 / 1,495
  • Stock P/E 69.7
  • Book Value 250
  • Dividend Yield 0.75 %
  • ROCE 15.3 %
  • ROE 12.4 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 44.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 104%
  • Debtor days have improved from 70.5 to 43.8 days.

Cons

  • Stock is trading at 10.2 times its book value
  • Company has a low return on equity of 10.4% over last 3 years.
  • Earnings include an other income of Rs.97.4 Cr.
  • Promoter holding has decreased over last 3 years: -7.78%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
46 59 60 61 68 68 70 73 81 89 83 90 98
40 51 52 54 53 63 61 71 62 73 74 77 81
Operating Profit 6 8 7 7 14 5 9 2 20 16 9 13 17
OPM % 12% 13% 12% 12% 21% 8% 13% 3% 24% 18% 11% 15% 17%
20 -72 8 34 10 23 -2 72 13 49 2 38 8
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 2 3 3 3 4 4 4 3 3 3 3 3
Profit before tax 22 -67 12 38 21 25 3 70 30 62 8 49 22
Tax % 24% -5% 40% 10% 26% 19% 104% 13% 36% 16% -67% 7% 26%
17 -70 7 34 16 20 -0 61 19 52 14 45 16
EPS in Rs 6.65 -27.60 2.93 11.51 5.22 6.68 -0.04 20.31 6.34 17.07 4.63 14.73 5.36
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
451 401 551 665 379 169 162 189 163 187 257 313 359
443 381 498 588 356 143 147 173 160 170 223 266 304
Operating Profit 8 20 53 77 22 27 16 17 4 17 34 47 56
OPM % 2% 5% 10% 12% 6% 16% 10% 9% 2% 9% 13% 15% 15%
13 30 6 28 13 9 23 35 42 30 75 132 97
Interest 0 0 0 0 0 0 0 0 0 1 1 0 0
Depreciation 26 18 26 27 15 12 11 12 11 11 12 13 11
Profit before tax -6 32 33 78 21 24 27 39 34 36 96 166 141
Tax % 7% 7% 18% 5% 35% 4% 42% 22% 19% 48% 20% 20%
-6 30 27 74 13 23 16 31 27 19 77 132 128
EPS in Rs -2.06 12.25 12.17 32.99 5.81 9.89 6.64 12.73 11.30 7.48 25.69 43.29 41.79
Dividend Payout % 0% 24% 37% 8% 43% 35% 90% 67% 71% 194% 74% 44%
Compounded Sales Growth
10 Years: -2%
5 Years: 14%
3 Years: 24%
TTM: 23%
Compounded Profit Growth
10 Years: 12%
5 Years: 44%
3 Years: 44%
TTM: 52%
Stock Price CAGR
10 Years: 28%
5 Years: 42%
3 Years: 29%
1 Year: 68%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 10%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 12 11 11 12 12 12 12 12 13 15 15 15
Reserves 364 370 332 427 186 218 216 248 257 467 587 727 751
1 2 2 1 0 1 1 2 2 2 3 3 3
103 97 104 75 47 41 49 51 66 168 110 89 125
Total Liabilities 482 481 449 514 246 272 278 313 336 650 715 835 894
87 82 78 69 46 45 45 45 40 36 35 33 46
CWIP 0 3 0 1 0 0 2 1 2 2 4 4 1
Investments 193 189 218 203 33 119 132 156 174 484 491 674 677
202 207 153 240 166 108 99 110 120 129 184 123 170
Total Assets 482 481 449 514 246 272 278 313 336 650 715 835 894

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-12 26 89 9 40 50 22 18 16 23 11 54
24 15 -33 -11 -32 -61 -6 -4 23 -13 25 -7
-14 -36 -66 -5 -4 -0 -8 -14 -30 -6 -45 -56
Net Cash Flow -2 4 -11 -6 3 -10 8 -0 8 4 -8 -9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 52 51 22 41 50 31 62 69 57 87 80 44
Inventory Days
Days Payable
Cash Conversion Cycle 52 51 22 41 50 31 62 69 57 87 80 44
Working Capital Days 20 19 -20 31 27 36 8 24 -8 -142 3 -8
ROCE % -3% 8% 12% 17% 6% 11% 10% 13% 13% 9% 14% 15%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
44.32% 44.25% 37.75% 37.59% 37.30% 37.31% 37.28% 37.27% 36.75% 36.58% 36.50% 36.48%
6.51% 5.67% 4.16% 4.84% 6.62% 8.01% 13.04% 13.25% 13.14% 13.42% 13.93% 14.10%
11.98% 10.72% 7.99% 7.22% 6.65% 5.71% 3.73% 3.90% 4.80% 5.85% 5.99% 6.41%
37.19% 39.36% 50.10% 50.35% 49.43% 48.96% 45.96% 45.58% 45.30% 44.14% 43.56% 43.01%
No. of Shareholders 43,82758,70689,1771,09,9921,04,3761,06,1801,10,4451,07,6131,05,0431,05,47194,08190,284

* 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.

Click on the line-items to see the names of individual entities.

Documents

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