Mastek Ltd

Mastek is a provider of vertically-focused enterprise technology solutions. The Companys offering portfolio includes business and technology services comprising of Application Development, Application Maintenance, Business Intelligence and Data Warehousing, Testing & Assurance and Legacy Modernisation.(Source : 201903 Annual Report Page No: 152)

  • Market Cap: 2,115 Cr.
  • Current Price: 861.90
  • 52 weeks High / Low 922.65 / 165.70
  • Book Value: 109.65
  • Stock P/E: 80.96
  • Dividend Yield: 0.93 %
  • ROCE: 15.46 %
  • ROE: 12.30 %
  • Sales Growth (3Yrs): -1.20 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 5.00
Edit ratios
Pros:
Company has reduced debt.
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 75.97%
Cons:
Stock is trading at 7.86 times its book value
The company has delivered a poor growth of -24.47% over past five years.
Company has a low return on equity of 9.62% for last 3 years.
Earnings include an other income of Rs.45.10 Cr.

Peer comparison Sector: IT - Software // Industry: Computers - Software - Medium / Small

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
39.95 42.90 40.53 47.38 48.08 48.85 45.14 44.16 42.31 36.60 40.37 40.60
37.12 38.63 37.27 42.22 42.20 42.50 45.60 40.61 42.76 38.88 37.81 36.66
Operating Profit 2.83 4.27 3.26 5.16 5.88 6.35 -0.46 3.55 -0.45 -2.28 2.56 3.94
OPM % 7.08% 9.95% 8.04% 10.89% 12.23% 13.00% -1.02% 8.04% -1.06% -6.23% 6.34% 9.70%
Other Income 3.27 7.74 3.13 9.08 7.93 12.93 4.65 3.99 14.70 8.16 15.18 7.06
Interest 0.04 0.05 0.07 0.08 0.06 0.04 0.09 0.10 0.14 0.07 0.14 0.12
Depreciation 2.85 2.78 2.65 2.90 3.51 2.79 2.88 2.96 2.94 2.81 2.42 2.57
Profit before tax 3.21 9.18 3.67 11.26 10.24 16.45 1.22 4.48 11.17 3.00 15.18 8.31
Tax % 33.02% 30.07% 143.60% 22.20% 30.27% 22.80% -58.20% 31.03% 15.31% 5.00% 20.62% 122.86%
Net Profit 2.15 6.42 -1.60 8.76 7.14 12.70 1.93 3.09 9.46 2.85 12.05 -1.90
EPS in Rs 0.91 2.72 -0.68 3.69 3.00 5.32 0.80 1.29 3.94 1.19 4.97 -0.78
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Jun 2009 Jun 2010 Jun 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
588 436 364 451 401 551 665 379 169 162 189 163 160
478 392 392 443 381 502 593 359 146 147 173 160 156
Operating Profit 111 44 -27 8 20 49 72 19 24 15 17 3 4
OPM % 19% 10% -7% 2% 5% 9% 11% 5% 14% 10% 9% 2% 2%
Other Income 10 5 49 13 30 10 33 17 13 23 35 42 45
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 25 25 27 26 18 26 27 15 12 11 12 11 11
Profit before tax 95 24 -6 -6 32 33 78 21 24 27 39 34 38
Tax % -1% -54% 76% 7% 7% 18% 5% 35% 4% 42% 22% 19%
Net Profit 96 37 -1 -6 30 27 74 13 23 16 31 27 22
EPS in Rs 33.86 13.18 0.00 0.00 15.66 12.25 33.13 5.50 9.89 6.64 12.72 11.40 9.32
Dividend Payout % 28% 24% 0% 0% 24% 37% 8% 43% 35% 90% 67% 71%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:-12.02%
5 Years:-24.47%
3 Years:-1.20%
TTM:-14.15%
Compounded Profit Growth
10 Years:-9.95%
5 Years:-12.56%
3 Years:11.77%
TTM:5.11%
Stock Price CAGR
10 Years:13.39%
5 Years:39.20%
3 Years:44.63%
1 Year:151.36%
Return on Equity
10 Years:8.55%
5 Years:8.41%
3 Years:9.62%
Last Year:12.30%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Jun 2009 Jun 2010 Jun 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
13 13 13 14 12 11 11 12 12 12 12 12
Reserves 336 365 364 364 370 332 427 186 218 216 248 257
Borrowings 0 0 1 1 2 2 1 0 1 1 2 1
116 148 76 103 97 104 75 47 41 49 51 66
Total Liabilities 465 526 454 482 481 449 514 246 272 278 313 336
82 77 107 87 82 78 69 46 45 45 45 40
CWIP 37 35 0 0 3 0 1 0 0 2 1 2
Investments 221 192 215 193 189 218 203 33 119 132 156 174
126 222 132 202 207 153 240 166 108 99 110 120
Total Assets 465 526 454 482 481 449 514 246 272 278 313 336

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Jun 2009 Jun 2010 Jun 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
120 33 -13 -12 26 89 9 40 50 22 18 16
-88 16 -7 24 15 -33 -11 -32 -61 -6 -4 23
-35 -29 -4 -14 -36 -66 -5 -4 -0 -8 -14 -30
Net Cash Flow -3 20 -24 -2 4 -11 -6 3 -10 8 -0 8

Ratios Standalone Figures in Rs. Crores / View Consolidated

Jun 2009 Jun 2010 Jun 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 28% 7% -2% -3% 8% 12% 17% 6% 11% 10% 13% 15%
Debtor Days 37 51 39 52 51 22 41 50 31 62 69 57
Inventory Turnover

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
47.88 47.70 47.08 47.01 46.89 45.86 45.69 45.68 45.61 45.43 45.10 44.82
3.08 6.54 10.96 11.48 10.71 9.98 8.16 7.37 6.76 6.52 6.20 5.57
8.65 4.95 5.39 6.52 6.95 9.09 9.37 10.40 11.33 12.38 14.88 15.30
40.39 40.81 36.57 34.99 35.45 35.07 36.78 36.55 36.30 35.68 33.83 34.31