Mindtree Ltd

Mindtree Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mindtree Ltd

₹ 3,434 0.14%
22 Nov 2022
mindtree.com BSE: 532819
About

Mindtree is an international Information Technology consulting and implementation company that delivers business solutions through global software development.

Key Points

History[1] MindTree was incorporated in 1999 by a group of 10 industrial professionals who came from Cambridge Technology Partners, Lucent Technologies, and Wipro, and this team was led by Ashok Soota. Mindtree has formed successful business and technology alliances with big companies like Microsoft, Hewlett Packard, Oracle, Bluettooth SIG, Intel, IBM, SAP, Orange, Sun Microsystems, etc.

Website BSE
  • Market Cap ₹ 56,643 Cr.
  • Current Price ₹ 3,434
  • High / Low ₹ /
  • Stock P/E 30.0
  • Book Value ₹ 344
  • Dividend Yield 0.00 %
  • ROCE 41.5 %
  • ROE 33.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 30.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
  • Company has been maintaining a healthy dividend payout of 32.6%
  • Company's median sales growth is 17.0% of last 10 years

Cons

  • Stock is trading at 9.99 times its book value

* 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 - Large

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1,914 1,965 2,050 1,909 1,926 2,024 2,109 2,292 2,586 2,750 2,897 3,121 3,400
1,666 1,659 1,727 1,587 1,536 1,556 1,647 1,827 2,056 2,158 2,289 2,463 2,704
Operating Profit 248 306 324 322 390 468 462 465 531 592 608 658 697
OPM % 13% 16% 16% 17% 20% 23% 22% 20% 21% 22% 21% 21% 20%
20 35 18 40 24 62 39 72 75 71 90 40 49
Interest 14 13 13 13 13 13 11 13 12 13 12 12 14
Depreciation 71 70 68 60 57 72 71 58 61 63 60 60 65
Profit before tax 183 258 261 290 345 445 419 465 532 587 626 626 667
Tax % 26% 24% 21% 26% 26% 27% 24% 26% 25% 25% 24% 25% 24%
135 197 206 213 254 326 317 344 399 438 473 472 509
EPS in Rs 8.20 11.97 12.52 12.94 15.40 19.82 19.25 20.86 24.20 26.55 28.70 28.62 30.86
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,509 1,915 2,362 3,032 3,547 4,340 5,040 5,463 7,022 7,764 7,968 10,525 12,169
1,331 1,622 1,910 2,421 2,841 3,538 4,321 4,722 5,957 6,683 6,311 8,330 9,614
Operating Profit 178 293 452 611 706 801 718 740 1,064 1,081 1,656 2,196 2,555
OPM % 12% 15% 19% 20% 20% 18% 14% 14% 15% 14% 21% 21% 21%
46 38 35 49 83 97 55 190 89 76 152 307 249
Interest 0 0 1 0 0 16 19 17 3 53 50 50 50
Depreciation 71 70 62 81 102 132 170 172 164 275 260 242 248
Profit before tax 153 262 424 579 688 751 584 742 987 829 1,498 2,211 2,506
Tax % 19% 16% 20% 22% 22% 23% 24% 23% 24% 24% 26% 25%
123 219 339 451 534 581 446 570 754 631 1,110 1,653 1,891
EPS in Rs 7.67 13.50 20.32 27.05 31.92 34.62 26.55 34.77 45.92 38.32 67.41 100.29 114.73
Dividend Payout % 8% 7% 15% 23% 27% 46% 38% 32% 72% 34% 37% 27%
Compounded Sales Growth
10 Years: 19%
5 Years: 16%
3 Years: 14%
TTM: 35%
Compounded Profit Growth
10 Years: 23%
5 Years: 30%
3 Years: 30%
TTM: 36%
Stock Price CAGR
10 Years: 19%
5 Years: 36%
3 Years: -8%
1 Year: %
Return on Equity
10 Years: 26%
5 Years: 27%
3 Years: 29%
Last Year: 34%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 40 40 42 42 84 168 168 164 164 165 165 165 165
Reserves 736 917 1,272 1,599 1,928 2,296 2,452 2,578 3,142 2,992 4,154 5,309 5,503
5 45 25 3 3 42 96 301 1 567 538 556 613
234 333 352 456 632 731 680 694 872 1,433 1,504 2,128 2,183
Total Liabilities 1,015 1,335 1,691 2,100 2,646 3,238 3,396 3,737 4,179 5,156 6,361 8,157 8,465
301 259 259 344 463 420 769 957 967 1,409 1,276 1,375 1,460
CWIP 0 8 57 50 35 23 19 9 30 14 22 22 2
Investments 114 310 427 535 646 1,085 890 728 805 776 2,048 2,552 2,466
601 757 948 1,172 1,502 1,709 1,718 2,043 2,377 2,958 3,014 4,208 4,537
Total Assets 1,015 1,335 1,691 2,100 2,646 3,238 3,396 3,737 4,179 5,156 6,361 8,157 8,465

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
44 207 266 322 598 380 653 564 630 825 1,995 1,537
-35 -229 -188 -218 -211 -405 -419 -200 -180 6 -1,205 -650
0 36 -12 -111 -138 -174 -140 -288 -522 -696 -422 -596
Net Cash Flow 9 14 65 -6 249 -198 94 76 -72 135 368 292

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 68 78 70 72 70 74 63 68 69 68 58 60
Inventory Days
Days Payable
Cash Conversion Cycle 68 78 70 72 70 74 63 68 69 68 58 60
Working Capital Days 65 49 43 48 34 49 39 51 51 34 17 23
ROCE % 21% 29% 35% 38% 36% 34% 23% 26% 31% 25% 36% 42%

Shareholding Pattern

Numbers in percentages

Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022
73.64% 74.11% 73.49% 67.59% 61.03% 61.03% 61.02% 61.00% 61.00% 60.99% 60.99% 60.95%
10.46% 11.86% 10.39% 12.02% 13.27% 13.92% 13.66% 15.01% 15.72% 14.40% 11.69% 12.06%
6.24% 5.78% 7.88% 11.97% 10.62% 10.86% 11.99% 10.11% 9.71% 10.47% 12.06% 11.82%
9.65% 8.25% 8.24% 8.42% 15.08% 14.19% 13.33% 13.88% 13.57% 14.15% 15.26% 15.13%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03%
No. of Shareholders 83,17176,88681,28383,4871,03,4881,11,1211,31,2611,94,1582,30,0112,67,3343,33,0193,44,689

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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