Mindteck (India) Ltd
Mindteck is an engineering and technology solutions company incorporated in 1991. Mindteck has considerable experience in E-commerce and Embedded Systems. The company has completed the acquisition of Infotech Holdings Inc, a company which is engaged in IT software consultancy and has become a subsidiary from July 2001. [1] [2]
Their global footprint spans the US, Canada, India, Europe, the APAC region (Singapore, Malaysia and Philippines), and the Middle East (Bahrain). They also have two Development Centers – Kolkata and Bengaluru.
Mindteck (India) Limited has seven wholly-owned subsidiaries and three step-down subsidiaries as at March 31, 2020. [3]
- Market Cap ₹ 515 Cr.
- Current Price ₹ 203
- High / Low ₹ 280 / 100
- Stock P/E 29.5
- Book Value ₹ 60.2
- Dividend Yield 0.49 %
- ROCE 13.4 %
- ROE 10.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 50.8% CAGR over last 5 years
Cons
- Stock is trading at 3.38 times its book value
- The company has delivered a poor sales growth of 7.93% over past five years.
- Company has a low return on equity of 8.57% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
56 | 58 | 76 | 80 | 87 | 84 | 88 | 108 | 92 | 104 | 114 | 130 | 137 | |
54 | 54 | 56 | 62 | 74 | 78 | 85 | 97 | 85 | 86 | 98 | 109 | 113 | |
Operating Profit | 2 | 4 | 19 | 19 | 13 | 6 | 4 | 10 | 7 | 18 | 17 | 21 | 24 |
OPM % | 4% | 6% | 26% | 23% | 15% | 7% | 4% | 9% | 8% | 18% | 15% | 16% | 18% |
0 | 0 | 1 | 1 | 2 | 3 | 2 | 2 | -58 | 3 | 3 | 4 | 4 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 0 | 1 | 1 |
Depreciation | 1 | 0 | 1 | 2 | 2 | 1 | 1 | 2 | 6 | 6 | 5 | 4 | 4 |
Profit before tax | 2 | 3 | 19 | 18 | 14 | 7 | 4 | 10 | -59 | 14 | 15 | 20 | 23 |
Tax % | 53% | 46% | 38% | 36% | 39% | 37% | 55% | 30% | -1% | 39% | 26% | 24% | |
1 | 2 | 12 | 11 | 8 | 4 | 2 | 7 | -59 | 9 | 11 | 15 | 17 | |
EPS in Rs | 0.30 | 0.71 | 4.81 | 4.58 | 3.26 | 1.73 | 0.75 | 2.81 | -23.12 | 3.33 | 4.27 | 5.89 | 6.92 |
Dividend Payout % | 0% | 0% | 20% | 22% | 31% | 58% | 134% | 36% | 0% | 0% | 23% | 17% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 12% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 24% |
5 Years: | 51% |
3 Years: | 112% |
TTM: | 27% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 43% |
3 Years: | 70% |
1 Year: | 95% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 6% |
3 Years: | 9% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 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 | 24 | 25 | 25 | 25 | 25 | 25 | 26 | 26 | 26 | 26 | 26 | 25 | 25 |
Reserves | 119 | 121 | 130 | 142 | 148 | 153 | 154 | 160 | 96 | 105 | 116 | 121 | 127 |
0 | 3 | 0 | 0 | 0 | 1 | 0 | 0 | 12 | 7 | 8 | 6 | 4 | |
8 | 6 | 13 | 20 | 21 | 15 | 23 | 28 | 22 | 19 | 20 | 18 | 21 | |
Total Liabilities | 152 | 155 | 168 | 187 | 194 | 195 | 203 | 213 | 156 | 157 | 170 | 169 | 177 |
2 | 2 | 4 | 4 | 3 | 2 | 9 | 13 | 22 | 9 | 10 | 7 | 6 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 123 | 123 | 123 | 123 | 123 | 123 | 132 | 137 | 68 | 67 | 67 | 67 | 67 |
27 | 30 | 41 | 60 | 68 | 69 | 62 | 63 | 66 | 81 | 93 | 95 | 104 | |
Total Assets | 152 | 155 | 168 | 187 | 194 | 195 | 203 | 213 | 156 | 157 | 170 | 169 | 177 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0 | -2 | 13 | 11 | 15 | -5 | 0 | -0 | 6 | 21 | 20 | 10 | |
-0 | -1 | -2 | -1 | 1 | 2 | -13 | -3 | 12 | -25 | -19 | 6 | |
0 | 3 | -3 | -3 | -3 | -1 | -3 | -3 | -8 | -4 | -3 | -15 | |
Net Cash Flow | -1 | 0 | 7 | 8 | 13 | -5 | -16 | -7 | 10 | -9 | -3 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 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 | 61 | 63 | 51 | 85 | 61 | 64 | 78 | 88 | 77 | 92 | 80 | 86 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 61 | 63 | 51 | 85 | 61 | 64 | 78 | 88 | 77 | 92 | 80 | 86 |
Working Capital Days | 48 | 39 | 19 | 23 | 5 | 64 | 58 | 77 | 75 | 62 | 50 | 63 |
ROCE % | 1% | 2% | 13% | 11% | 8% | 4% | 2% | 6% | 2% | 11% | 11% | 13% |
Documents
Announcements
- Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Resignation Of Senior Management Personnel 1d
- Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of SEBI (LODR) Regulation, 2015 And Closure Of Trading Window 1d
- Closure of Trading Window 1d
- Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 6 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 26 Feb
Annual reports
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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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Financial Year 2010
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Products & Services
Industries Catered: Healthcare, Life Sciences & Chemical Analysis, Semiconductor & Storage.
Product Engineering - encompasses core competencies in embedded design; application development, product lifecycle management.
Digital Engineering - selected solutions, services, and technologies which complement the product engineering portfolio and help clients compete, innovate, and propel forward.
Data Services - encompasses aggregation, visualization and analytics. Features include advanced predictive and prescriptive analytics using technologies such as ML & AI.
Development of an IoT Framework.
Cloud - Hybrid Cloud Appliance and Interoperable Cloud Storage, Business Data Analytics.
Testing - Co’s end-to-end testing discipline encompasses manual black box testing, test automation, security/penetration tests,and related. [1]