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)

Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is providing a good dividend yield of 4.43%.
Promoter's stake has increased
Company has been maintaining a healthy dividend payout of 47.87%
Cons:

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
1,295 1,318 1,290 1,332 1,378 1,464 1,640 1,755 1,787 1,839 1,834 1,914
1,121 1,154 1,146 1,178 1,170 1,228 1,408 1,486 1,504 1,559 1,650 1,666
Operating Profit 174 164 144 154 207 236 231 270 283 280 184 248
OPM % 13% 12% 11% 12% 15% 16% 14% 15% 16% 15% 10% 13%
Other Income 14 13 65 60 6 59 28 52 -20 29 22 20
Interest 5 5 4 2 5 6 3 0 0 0 13 14
Depreciation 46 47 46 45 42 38 40 40 41 43 67 71
Profit before tax 138 126 159 166 167 250 216 282 222 266 126 183
Tax % 25% 23% 23% 25% 15% 27% 27% 27% 14% 26% 27% 26%
Net Profit 103 97 122 125 142 182 158 206 191 198 93 135
EPS in Rs 6.14 5.78 7.24 7.46 8.63 11.12 9.65 12.57 11.64 12.08 5.64 8.20
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
740 1,237 1,296 1,509 1,915 2,362 3,032 3,562 4,673 5,236 5,463 7,022 7,375
615 1,114 1,050 1,331 1,622 1,909 2,422 2,853 3,852 4,532 4,722 5,957 6,379
Operating Profit 125 124 246 178 293 452 610 709 821 704 740 1,064 996
OPM % 17% 10% 19% 12% 15% 19% 20% 20% 18% 13% 14% 15% 14%
Other Income 29 14 77 24 38 35 50 84 84 55 190 89 51
Interest 6 18 3 0 0 1 0 0 16 19 17 3 27
Depreciation 36 57 65 71 70 62 81 102 166 186 172 164 221
Profit before tax 112 63 255 130 262 424 578 691 723 555 742 987 798
Tax % 8% 11% 16% 22% 16% 20% 22% 22% 24% 25% 23% 24%
Net Profit 103 52 215 102 218 339 451 536 552 419 570 754 617
EPS in Rs 6.73 3.40 13.47 6.25 13.33 19.95 25.95 30.30 31.50 23.49 34.78 45.93 37.56
Dividend Payout % 7% 7% 6% 10% 7% 15% 23% 27% 49% 40% 32% 72%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:18.96%
5 Years:18.29%
3 Years:14.54%
TTM:18.26%
Compounded Profit Growth
10 Years:31.08%
5 Years:11.34%
3 Years:11.10%
TTM:-10.30%
Stock Price CAGR
10 Years:18.00%
5 Years:8.84%
3 Years:14.86%
1 Year:-23.98%
Return on Equity
10 Years:24.12%
5 Years:22.97%
3 Years:21.31%
Last Year:24.94%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
38 38 40 40 40 42 42 84 168 168 164 164 165
Reserves 495 513 631 736 917 1,272 1,599 1,929 2,247 2,409 2,578 3,142 2,846
Borrowings 92 139 3 5 45 25 3 3 44 100 301 1 0
133 341 260 234 332 352 456 640 858 744 745 922 1,448
Total Liabilities 758 1,032 934 1,014 1,335 1,691 2,099 2,655 3,316 3,421 3,788 4,229 4,458
261 429 277 301 259 259 344 556 1,162 1,022 957 967 1,578
CWIP 23 13 25 0 8 57 50 35 23 19 9 30 4
Investments 140 101 144 111 308 426 534 535 233 593 726 804 601
335 488 488 603 759 949 1,173 1,529 1,898 1,787 2,096 2,429 2,276
Total Assets 758 1,032 934 1,014 1,335 1,691 2,099 2,655 3,316 3,421 3,788 4,229 4,458

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
91 180 230 43 206 266 322 598 421 654 564 630
-150 -233 -94 -38 -228 -189 -217 -203 -416 -459 -200 -180
37 23 -134 0 36 -12 -111 -138 -172 -138 -288 -522
Net Cash Flow -22 -30 2 6 14 65 -7 258 -167 57 77 -72

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 21% 12% 38% 18% 29% 35% 38% 36% 33% 22% 27% 31%
Debtor Days 87 82 67 68 78 70 72 71 76 62 68 69
Inventory Turnover