Mindteck (India) Ltd
₹ 200
-0.24%
22 May
- close price
About
Incorporated in 1991, Mindteck Ltd is in the business of rendering engineering and IT services[1]
Key Points
- Market Cap ₹ 639 Cr.
- Current Price ₹ 200
- High / Low ₹ 308 / 145
- Stock P/E 30.5
- Book Value ₹ 63.9
- Dividend Yield 0.50 %
- ROCE 14.6 %
- ROE 10.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 3.13 times its book value
- The company has delivered a poor sales growth of 7.55% over past five years.
- Company has a low return on equity of 10.7% over last 3 years.
- Debtor days have increased from 102 to 133 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 80 | 87 | 84 | 88 | 108 | 92 | 104 | 114 | 130 | 140 | 155 | 150 | |
| 62 | 74 | 78 | 85 | 97 | 85 | 86 | 98 | 109 | 118 | 131 | 124 | |
| Operating Profit | 19 | 13 | 6 | 4 | 10 | 7 | 18 | 17 | 21 | 22 | 25 | 25 |
| OPM % | 23% | 15% | 7% | 4% | 9% | 8% | 18% | 15% | 16% | 16% | 16% | 17% |
| 1 | 2 | 3 | 2 | 2 | -58 | 3 | 3 | 4 | 7 | 5 | 3 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 0 | 1 | 0 | 1 | 1 |
| Depreciation | 2 | 2 | 1 | 1 | 2 | 6 | 6 | 5 | 4 | 4 | 5 | 4 |
| Profit before tax | 18 | 14 | 7 | 4 | 10 | -59 | 14 | 15 | 20 | 24 | 25 | 24 |
| Tax % | 36% | 39% | 37% | 55% | 30% | 1% | 39% | 26% | 24% | 23% | 25% | 26% |
| 11 | 8 | 4 | 2 | 7 | -59 | 9 | 11 | 15 | 18 | 19 | 17 | |
| EPS in Rs | 3.67 | 2.60 | 1.39 | 0.60 | 2.25 | -18.51 | 2.67 | 3.42 | 4.71 | 5.76 | 5.90 | 5.45 |
| Dividend Payout % | 22% | 31% | 58% | 134% | 36% | 0% | 0% | 23% | 17% | 14% | 17% | 18% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 8% |
| 3 Years: | 5% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 20% |
| 3 Years: | 12% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 36% |
| 3 Years: | 25% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 10% |
| 3 Years: | 11% |
| Last Year: | 11% |
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 | 25 | 25 | 25 | 26 | 26 | 26 | 26 | 26 | 25 | 25 | 32 | 32 |
| Reserves | 142 | 148 | 153 | 154 | 160 | 96 | 105 | 116 | 121 | 138 | 157 | 172 |
| 0 | 0 | 1 | 0 | 0 | 12 | 7 | 8 | 6 | 2 | 7 | 4 | |
| 20 | 21 | 15 | 23 | 28 | 22 | 19 | 20 | 18 | 22 | 23 | 32 | |
| Total Liabilities | 187 | 194 | 195 | 203 | 213 | 156 | 157 | 170 | 169 | 187 | 219 | 240 |
| 4 | 3 | 2 | 9 | 13 | 22 | 9 | 10 | 7 | 4 | 10 | 5 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 123 | 123 | 123 | 132 | 137 | 68 | 67 | 67 | 67 | 67 | 67 | 67 |
| 60 | 68 | 69 | 62 | 63 | 66 | 81 | 93 | 95 | 115 | 142 | 168 | |
| Total Assets | 187 | 194 | 195 | 203 | 213 | 156 | 157 | 170 | 169 | 187 | 219 | 240 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 15 | -5 | 0 | -0 | 6 | 21 | 20 | 10 | 16 | 16 | 4 | |
| -1 | 1 | 2 | -13 | -3 | 12 | -25 | -19 | 6 | -2 | -4 | 7 | |
| -3 | -3 | -1 | -3 | -3 | -8 | -4 | -3 | -15 | -6 | -4 | -7 | |
| Net Cash Flow | 8 | 13 | -5 | -16 | -7 | 10 | -9 | -3 | 2 | 8 | 7 | 4 |
| Free Cash Flow | 10 | 14 | -6 | -2 | -2 | 4 | 20 | 19 | 9 | 15 | 15 | 5 |
| CFO/OP | 95% | 163% | 7% | 125% | 59% | 132% | 112% | 137% | 75% | 108% | 89% | 17% |
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 | 85 | 61 | 64 | 78 | 88 | 77 | 92 | 80 | 86 | 88 | 85 | 133 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 85 | 61 | 64 | 78 | 88 | 77 | 92 | 80 | 86 | 88 | 85 | 133 |
| Working Capital Days | 23 | 5 | 60 | 58 | 77 | 59 | 48 | 41 | 54 | 61 | 59 | 102 |
| ROCE % | 11% | 8% | 4% | 2% | 6% | 2% | 11% | 11% | 13% | 14% | 14% | 15% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Headcount Number |
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| Client Tier - $1 Mn+ Clients Number |
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| Revenue Concentration - Top 5 Clients % |
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| Revenue Mix - Offshore % |
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| Revenue Mix - Talent Management % |
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Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
19 May - Mindteck approved FY26 audited results, recommended Re.1 final dividend, and reappointed Vasan & Sampath LLP as internal auditor.
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Board Meeting Outcome for Submission Of Financial Results Pursuant To Regulation 33 And Outcome Of The Board Meeting Pursuant To Regulation 30 Read With Schedule III Of SEBI (LODR) Regulations, 2015 Held On May 19, 2026
19 May - Mindteck approved FY26 audited results, recommended 10% dividend, and reappointed internal auditor.
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Submission Of Financial Results Pursuant To Regulation 33 And Outcome Of The Board Meeting Pursuant To Regulation 30 Read With Schedule III Of SEBI (LODR) Regulations, 2015 Held On May 19, 2026
19 May - Mindteck approved FY26 audited results, recommended 10% dividend, and reappointed internal auditor on May 19, 2026.
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Announcement under Regulation 30 (LODR)-Change in Directorate
13 May - Mindteck appointed Preeti Mohan and Madhuranath R Konety as independent directors for five years from May 13, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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