Mindtree Ltd

Mindtree Limited (Mindtree), headquartered in Bengaluru, India and New Jersey, USA, is a technology solutions company. It delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform their competition.(Source : 201903 Annual Report Page No: 02)

  • Market Cap: 15,202 Cr.
  • Current Price: 923.70
  • 52 weeks High / Low 1062.80 / 652.05
  • Book Value: 191.80
  • Stock P/E: 24.10
  • Dividend Yield: 1.41 %
  • ROCE: 27.28 %
  • ROE: 19.52 %
  • Sales Growth (3Yrs): 15.50 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company has reduced debt.
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 43.20%
Cons:

Peer comparison Sector: IT - Software // Industry: Computers - Software - Large

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
1,249 1,304 1,378 1,464 1,640 1,755 1,787 1,839 1,834 1,914 1,965 2,050
1,107 1,127 1,170 1,228 1,408 1,486 1,504 1,559 1,650 1,666 1,659 1,727
Operating Profit 142 177 207 236 231 270 283 280 184 248 306 324
OPM % 11% 14% 15% 16% 14% 15% 16% 15% 10% 13% 16% 16%
65 60 6 59 28 52 -20 29 22 20 35 18
Interest 4 2 5 6 3 0 0 0 13 14 13 13
Depreciation 42 41 42 38 40 40 41 43 67 71 70 68
Profit before tax 162 193 167 250 216 282 222 266 126 183 258 261
Tax % 23% 21% 15% 27% 27% 27% 14% 26% 27% 26% 24% 21%
Net Profit 125 152 141 182 158 206 191 198 93 135 197 206
EPS in Rs 7.42 9.09 8.63 11.11 9.65 12.57 11.64 12.08 5.64 8.20 11.97 12.53
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1,013 1,233 1,509 1,915 2,362 3,032 3,547 4,340 5,040 5,463 7,022 7,764
923 1,003 1,331 1,622 1,910 2,421 2,841 3,538 4,321 4,722 5,957 6,683
Operating Profit 89 230 178 293 452 611 706 801 718 740 1,064 1,081
OPM % 9% 19% 12% 15% 19% 20% 20% 18% 14% 14% 15% 14%
8 80 46 38 35 49 83 97 55 190 89 76
Interest 18 3 0 0 1 0 0 16 19 17 3 53
Depreciation 47 61 71 70 62 81 102 132 170 172 164 275
Profit before tax 33 246 153 262 424 579 688 751 584 742 987 829
Tax % 8% 15% 19% 16% 20% 22% 22% 23% 24% 23% 24% 24%
Net Profit 30 208 123 219 339 451 534 581 446 570 754 631
EPS in Rs 1.93 13.05 7.59 13.35 20.42 25.96 30.17 33.20 25.12 34.77 45.92 38.32
Dividend Payout % 13% 6% 8% 7% 15% 23% 27% 46% 38% 32% 72% 26%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:20.20%
5 Years:16.96%
3 Years:15.50%
TTM:10.58%
Compounded Profit Growth
10 Years:11.77%
5 Years:4.25%
3 Years:12.25%
TTM:-16.34%
Stock Price CAGR
10 Years:20.66%
5 Years:7.63%
3 Years:20.41%
1 Year:2.01%
Return on Equity
10 Years:23.32%
5 Years:21.72%
3 Years:21.88%
Last Year:19.52%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
38 40 40 40 42 42 84 168 168 164 164 165
Reserves 492 606 736 917 1,272 1,599 1,927 2,296 2,452 2,578 3,142 2,992
Borrowings 139 3 5 45 25 3 3 42 96 301 1 0
266 293 234 333 352 456 632 731 680 694 872 1,999
Total Liabilities 936 942 1,015 1,335 1,691 2,100 2,646 3,238 3,396 3,737 4,179 5,156
240 254 301 259 259 344 463 420 769 957 967 1,409
CWIP 4 24 0 8 57 50 35 23 19 9 30 14
Investments 311 213 114 310 427 535 646 1,085 890 728 805 776
381 451 601 757 948 1,172 1,502 1,709 1,718 2,043 2,377 2,958
Total Assets 936 942 1,015 1,335 1,691 2,100 2,646 3,238 3,396 3,737 4,179 5,156

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
144 240 44 207 266 322 598 380 653 564 630 825
-203 -89 -35 -229 -188 -218 -211 -405 -419 -200 -180 6
23 -134 0 36 -12 -111 -138 -174 -140 -288 -522 -696
Net Cash Flow -37 17 9 14 65 -6 249 -198 94 76 -72 135

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 7% 38% 21% 29% 35% 38% 36% 34% 23% 26% 31% 27%
Debtor Days 78 66 68 78 70 72 70 74 63 68 69 68
Inventory Turnover

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
13.64 13.64 13.64 13.37 13.35 13.34 13.32 13.32 13.30 73.76 73.64 74.11
39.93 40.26 40.56 41.69 44.36 43.16 40.18 39.26 36.18 10.83 10.46 11.86
6.85 5.65 8.29 8.71 6.92 7.82 10.39 11.14 8.35 5.28 6.24 5.78
0.00 0.00 0.16 0.22 0.22 0.26 0.34 0.34 0.34 0.00 0.00 0.00
39.58 40.45 37.34 36.00 35.15 35.43 35.77 35.93 41.82 10.13 9.65 8.25