Mindteck (India) Ltd
Incorporated in 1991, Mindteck Ltd is in the business of rendering engineering and IT services[1]
- Market Cap ₹ 980 Cr.
- Current Price ₹ 385
- High / Low ₹ 460 / 131
- Stock P/E 60.0
- Book Value ₹ 64.3
- Dividend Yield 0.21 %
- ROCE 13.7 %
- ROE 10.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 19.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 18.1%
Cons
- Stock is trading at 5.98 times its book value
- The company has delivered a poor sales growth of 5.35% over past five years.
- Company has a low return on equity of 9.84% over last 3 years.
- Earnings include an other income of Rs.6.60 Cr.
* 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
58 | 76 | 80 | 87 | 84 | 88 | 108 | 92 | 104 | 114 | 130 | 140 | 147 | |
54 | 56 | 62 | 74 | 78 | 85 | 97 | 85 | 86 | 98 | 109 | 118 | 125 | |
Operating Profit | 4 | 19 | 19 | 13 | 6 | 4 | 10 | 7 | 18 | 17 | 21 | 22 | 22 |
OPM % | 6% | 26% | 23% | 15% | 7% | 4% | 9% | 8% | 18% | 15% | 16% | 15% | 15% |
0 | 1 | 1 | 2 | 3 | 2 | 2 | -58 | 3 | 3 | 4 | 7 | 7 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 0 | 1 | 0 | 0 |
Depreciation | 0 | 1 | 2 | 2 | 1 | 1 | 2 | 6 | 6 | 5 | 4 | 4 | 4 |
Profit before tax | 3 | 19 | 18 | 14 | 7 | 4 | 10 | -59 | 14 | 15 | 20 | 24 | 23 |
Tax % | 46% | 38% | 36% | 39% | 37% | 55% | 30% | 1% | 39% | 26% | 24% | 23% | |
2 | 12 | 11 | 8 | 4 | 2 | 7 | -59 | 9 | 11 | 15 | 18 | 18 | |
EPS in Rs | 0.71 | 4.81 | 4.58 | 3.26 | 1.73 | 0.75 | 2.81 | -23.12 | 3.33 | 4.27 | 5.89 | 7.21 | 7.17 |
Dividend Payout % | 0% | 20% | 22% | 31% | 58% | 134% | 36% | 0% | 0% | 23% | 17% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | 10% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | 19% |
3 Years: | 25% |
TTM: | 10% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 60% |
3 Years: | 63% |
1 Year: | 189% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 7% |
3 Years: | 10% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 25 | 25 | 25 | 25 | 25 | 26 | 26 | 26 | 26 | 26 | 25 | 25 |
Reserves | 121 | 130 | 142 | 148 | 153 | 154 | 160 | 96 | 105 | 116 | 121 | 138 |
3 | 0 | 0 | 0 | 1 | 0 | 0 | 12 | 7 | 8 | 6 | 2 | |
6 | 13 | 20 | 21 | 15 | 23 | 28 | 22 | 19 | 20 | 18 | 22 | |
Total Liabilities | 155 | 168 | 187 | 194 | 195 | 203 | 213 | 156 | 157 | 170 | 169 | 187 |
2 | 4 | 4 | 3 | 2 | 9 | 13 | 22 | 9 | 10 | 7 | 4 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 123 | 123 | 123 | 123 | 123 | 132 | 137 | 68 | 67 | 67 | 67 | 67 |
30 | 41 | 60 | 68 | 69 | 62 | 63 | 66 | 81 | 93 | 95 | 115 | |
Total Assets | 155 | 168 | 187 | 194 | 195 | 203 | 213 | 156 | 157 | 170 | 169 | 187 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-2 | 13 | 11 | 15 | -5 | 0 | -0 | 6 | 21 | 20 | 10 | 16 | |
-1 | -2 | -1 | 1 | 2 | -13 | -3 | 12 | -25 | -19 | 6 | -2 | |
3 | -3 | -3 | -3 | -1 | -3 | -3 | -8 | -4 | -3 | -15 | -6 | |
Net Cash Flow | 0 | 7 | 8 | 13 | -5 | -16 | -7 | 10 | -9 | -3 | 2 | 8 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 63 | 51 | 85 | 61 | 64 | 78 | 88 | 77 | 92 | 80 | 86 | 88 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 63 | 51 | 85 | 61 | 64 | 78 | 88 | 77 | 92 | 80 | 86 | 88 |
Working Capital Days | 39 | 19 | 23 | 5 | 64 | 58 | 77 | 75 | 62 | 50 | 63 | 67 |
ROCE % | 2% | 13% | 11% | 8% | 4% | 2% | 6% | 2% | 11% | 11% | 13% | 14% |
Documents
Announcements
- In-Principle Approval From BSE Limited And National Stock Exchange Of India Limited For Bonus Issue 8h
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
- Record Date For Bonus Issue 2d
- Intimation Of Record Date Under Regulation 42 Of SEBI (LODR) 2015 2d
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 9 Sep
Annual reports
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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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Financial Year 2010
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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