Mindteck (India) Ltd

₹ 232 0.89%

23 May - close price

About

Incorporated in 1991, Mindteck Ltd is in the business of rendering engineering and IT services^[1]

Key Points

Business Overview:^[1]
Mindteck is a CMMI Level 5 and ISO 9001:2015, ISO 13485:2016, and ISO 27001 certified, engineering and technology solutions company
which specializes in embedded systems, enterprise applications, testing, and professional services provided to Fortune 1000 companies, start-ups, universities, and government entities worldwide

Website BSE NSE

Market Cap ₹ 741 Cr.
Current Price ₹ 232
High / Low ₹ 368 / 141
Stock P/E 39.4
Book Value ₹ 59.2
Dividend Yield 0.35 %
ROCE 14.1 %
ROE 10.7 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Company has delivered good profit growth of 64.8% CAGR over last 5 years

Cons

Stock is trading at 3.92 times its book value
The company has delivered a poor sales growth of 10.9% over past five years.
Company has a low return on equity of 10.6% over last 3 years.

* 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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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	28.92	31.38	32.96	31.56	33.61	34.42	34.50	34.67	36.10	41.44	39.17	35.87	38.61
	23.55	26.27	28.43	27.01	26.67	28.82	28.79	28.79	31.43	36.20	33.51	31.12	29.70
Operating Profit	5.37	5.11	4.53	4.55	6.94	5.60	5.71	5.88	4.67	5.24	5.66	4.75	8.91
OPM %	18.57%	16.28%	13.74%	14.42%	20.65%	16.27%	16.55%	16.96%	12.94%	12.64%	14.45%	13.24%	23.08%
	1.18	1.07	0.64	1.05	0.53	1.08	1.03	1.05	3.41	1.11	1.32	1.08	1.93
Interest	0.14	0.14	0.14	0.16	0.16	0.14	0.12	0.11	0.08	0.06	0.03	0.23	0.20
Depreciation	1.17	1.12	1.00	1.07	1.08	1.08	1.07	1.07	1.10	1.09	1.09	1.19	1.14
Profit before tax	5.24	4.92	4.03	4.37	6.23	5.46	5.55	5.75	6.90	5.20	5.86	4.41	9.50
Tax %	25.57%	20.12%	26.80%	30.66%	20.39%	27.47%	25.23%	23.13%	16.81%	25.77%	24.74%	25.40%	23.58%
	3.90	3.93	2.95	3.03	4.96	3.96	4.15	4.42	5.74	3.86	4.41	3.29	7.26
EPS in Rs	1.21	1.22	0.92	0.94	1.57	1.25	1.31	1.40	1.81	1.21	1.38	1.03	2.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	76	80	87	84	88	108	92	104	114	130	140	155
	56	62	74	78	85	97	85	86	98	109	118	131
Operating Profit	19	19	13	6	4	10	7	18	17	21	22	25
OPM %	26%	23%	15%	7%	4%	9%	8%	18%	15%	16%	15%	16%
	1	1	2	3	2	2	-58	3	3	4	7	5
Interest	0	0	0	0	0	1	2	1	0	1	0	1
Depreciation	1	2	2	1	1	2	6	6	5	4	4	5
Profit before tax	19	18	14	7	4	10	-59	14	15	20	24	25
Tax %	38%	36%	39%	37%	55%	30%	1%	39%	26%	24%	23%	25%
	12	11	8	4	2	7	-59	9	11	15	18	19
EPS in Rs	3.85	3.67	2.60	1.39	0.60	2.25	-18.51	2.67	3.42	4.71	5.76	5.90
Dividend Payout %	20%	22%	31%	58%	134%	36%	0%	0%	23%	17%	14%	17%

Compounded Sales Growth
10 Years:	7%
5 Years:	11%
3 Years:	11%
TTM:	11%

Compounded Profit Growth
10 Years:	5%
5 Years:	65%
3 Years:	18%
TTM:	14%

Stock Price CAGR
10 Years:	14%
5 Years:	68%
3 Years:	34%
1 Year:	0%

Return on Equity
10 Years:	6%
5 Years:	10%
3 Years:	11%
Last Year:	11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	25	25	25	25	26	26	26	26	26	25	25	32
Reserves	130	142	148	153	154	160	96	105	116	121	138	157
	0	0	0	1	0	0	12	7	8	6	2	7
	13	20	21	15	23	28	22	19	20	18	22	23
Total Liabilities	168	187	194	195	203	213	156	157	170	169	187	219
	4	4	3	2	9	13	22	9	10	7	4	10
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	123	123	123	123	132	137	68	67	67	67	67	67
	41	60	68	69	62	63	66	81	93	95	115	142
Total Assets	168	187	194	195	203	213	156	157	170	169	187	219

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	13	11	15	-5	0	-0	6	21	20	10	16	16
	-2	-1	1	2	-13	-3	12	-25	-19	6	-2	-4
	-3	-3	-3	-1	-3	-3	-8	-4	-3	-15	-6	-4
Net Cash Flow	7	8	13	-5	-16	-7	10	-9	-3	2	8	7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	51	85	61	64	78	88	77	92	80	86	88	85
Inventory Days
Days Payable
Cash Conversion Cycle	51	85	61	64	78	88	77	92	80	86	88	85
Working Capital Days	19	23	5	64	58	77	75	62	50	63	67	68
ROCE %	13%	11%	8%	4%	2%	6%	2%	11%	11%	13%	14%	14%

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	63.84%	63.79%	64.40%	65.04%	65.01%	64.93%	64.91%	64.83%	64.61%	64.49%	64.49%	64.36%
	0.30%	0.24%	0.22%	0.20%	0.21%	0.20%	0.20%	0.33%	0.22%	0.04%	0.02%	0.18%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%
	34.24%	34.35%	33.74%	33.11%	33.13%	33.23%	33.23%	33.92%	35.15%	35.47%	35.49%	35.46%
	1.62%	1.61%	1.63%	1.65%	1.65%	1.64%	1.64%	0.92%	0.00%	0.00%	0.00%	0.00%
No. of Shareholders	22,886	22,855	20,783	19,962	19,809	19,272	20,710	22,246	25,624	32,698	32,078	32,292

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	64.73%	64.29%	64.13%	64.13%	64.13%	63.90%	65.04%	64.83%	64.36%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%	0.20%	0.33%	0.18%
	0.00%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	35.27%	34.01%	34.25%	34.25%	34.25%	34.27%	33.11%	33.92%	35.46%
	0.00%	1.63%	1.62%	1.62%	1.62%	1.62%	1.65%	0.92%	0.00%
No. of Shareholders	10,735	10,825	10,694	10,971	9,843	22,328	19,962	22,246	32,292

* 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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May 2019

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Aug 2018

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Feb 2018

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Feb 2016

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