Mastek Ltd

₹ 1,787 -0.32%
02 Dec - 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 primary services includes application development, application maintenance & support, ERP and cloud migration, business intelligence & analytics, agile consulting, assurance & testing and digital commerce.[1]

Website BSE NSE
  • Market Cap ₹ 5,376 Cr.
  • Current Price ₹ 1,787
  • High / Low ₹ 3,413 / 1,490
  • Stock P/E 18.2
  • Book Value ₹ 403
  • Dividend Yield 1.06 %
  • ROCE 36.5 %
  • ROE 29.5 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 54.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.2%

Cons

  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -8.33%

* 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

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
244 244 337 386 410 443 483 516 534 552 582 570 625
215 210 278 318 323 339 377 404 421 436 461 461 518
Operating Profit 29 34 58 68 87 104 106 113 113 116 121 109 107
OPM % 12% 14% 17% 18% 21% 23% 22% 22% 21% 21% 21% 19% 17%
9 5 -0 17 4 4 3 5 8 6 18 26 32
Interest 1 1 1 2 2 2 2 2 2 2 3 2 5
Depreciation 6 6 8 11 12 12 10 10 10 11 12 11 17
Profit before tax 31 32 49 71 77 94 97 106 108 110 124 122 117
Tax % 21% 19% 21% 34% 23% 25% 22% 24% 25% 24% 29% 31% 27%
Net Profit 25 26 39 47 59 70 76 80 82 83 88 84 86
EPS in Rs 10.26 10.79 13.99 16.54 20.76 23.03 24.00 27.42 24.38 24.77 26.62 25.68 26.30
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Jun 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
594 734 683 923 1,013 527 560 817 1,033 1,071 1,722 2,184 2,329
613 710 626 833 965 509 515 718 902 916 1,357 1,721 1,875
Operating Profit -18 24 57 90 47 18 45 100 132 156 364 463 454
OPM % -3% 3% 8% 10% 5% 3% 8% 12% 13% 15% 21% 21% 19%
-7 12 9 11 14 15 12 21 25 17 28 36 82
Interest 1 1 0 1 1 0 4 6 6 4 8 8 11
Depreciation 29 29 22 33 37 16 15 19 17 25 45 43 51
Profit before tax -56 5 44 68 22 16 39 96 133 144 339 448 473
Tax % -1% 91% 22% 24% 20% 17% 17% 27% 24% 21% 26% 26%
Net Profit -56 0 34 52 18 14 32 70 101 114 252 333 342
EPS in Rs -20.77 0.19 13.93 23.37 7.86 5.97 13.86 29.53 42.33 44.82 82.97 98.32 103.37
Dividend Payout % 0% 0% 22% 19% 32% 42% 25% 20% 20% 18% 17% 19%
Compounded Sales Growth
10 Years: 14%
5 Years: 31%
3 Years: 28%
TTM: 18%
Compounded Profit Growth
10 Years: 26%
5 Years: 54%
3 Years: 44%
TTM: 14%
Stock Price CAGR
10 Years: 28%
5 Years: 38%
3 Years: 69%
1 Year: -38%
Return on Equity
10 Years: 15%
5 Years: 21%
3 Years: 24%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Jun 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
13 14 12 11 11 12 12 12 12 12 13 15 15
Reserves 477 522 521 549 585 308 457 537 704 778 846 1,056 1,196
18 7 2 2 29 0 66 70 70 335 273 203 411
136 215 207 192 207 108 170 202 179 763 1,146 1,193 1,501
Total Liabilities 645 757 742 754 832 428 705 821 966 1,888 2,277 2,467 3,123
240 256 247 261 279 66 180 179 167 857 807 841 1,745
CWIP 0 0 3 0 1 0 0 2 1 2 2 4 4
Investments 65 43 40 84 54 50 274 284 396 276 234 66 43
340 458 452 409 498 312 251 356 401 754 1,235 1,556 1,331
Total Assets 645 757 742 754 832 428 705 821 966 1,888 2,277 2,467 3,123

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Jun 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
10 -4 80 89 59 32 43 65 75 184 287 273
-50 16 -12 -62 -28 -84 -127 -18 -54 -262 218 -26
-28 -14 -43 -67 22 -4 65 -7 -16 205 -118 -128
Net Cash Flow -68 -2 26 -40 53 -57 -20 40 5 127 387 119

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Jun 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 66 90 80 46 48 67 55 78 74 108 79 73
Inventory Days
Days Payable
Cash Conversion Cycle 66 90 80 46 48 67 55 78 74 108 79 73
Working Capital Days 37 53 40 26 28 38 29 17 38 30 -19 -7
ROCE % -5% 0% 8% 12% 5% 3% 10% 17% 19% 17% 30% 36%

Shareholding Pattern

Numbers in percentages

12 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
45.43 45.10 44.82 44.63 44.25 44.32 44.25 37.75 37.59 37.30 37.31 37.28
6.52 6.20 5.57 5.63 5.39 6.51 5.67 4.16 4.84 6.62 8.01 13.04
12.38 14.88 15.30 14.07 14.27 11.98 10.72 7.99 7.22 6.65 5.71 3.73
35.68 33.83 34.31 35.67 36.09 37.19 39.36 50.10 50.35 49.43 48.96 45.96

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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