Mastek Ltd

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

Mastek Ltd

₹ 3,226 1.04%
22 Nov - close price
mastek.com BSE: 523704 NSE: MASTEK
About

Established in 1982, Mastek is a provider of vertically-focused enterprise technology solutions. Having its presence in IT industry for almost 4 decades, Mastek Ltd has evolved from an IT solutions provider to Digital transformation partner.[1]

Key Points

Services Offered
The company's primary services includes application development, application maintenance & support, ERP and cloud migration, business intelligence & analytics, agile consulting, assurance & testing and digital commerce.[1]

Website BSE NSE
  • Market Cap ₹ 9,960 Cr.
  • Current Price ₹ 3,226
  • High / Low ₹ 3,283 / 2,137
  • Stock P/E 74.4
  • Book Value ₹ 285
  • Dividend Yield 0.59 %
  • ROCE 14.3 %
  • ROE 14.2 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 35.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 56.6%

Cons

  • Stock is trading at 11.3 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 13.0% over last 3 years.
  • Earnings include an other income of Rs.91.2 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

Part of Nifty Total Market BSE 400 MidSmallCap Index BSE 250 SmallCap Index BSE Allcap BSE Information Technology

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
61 68 68 70 73 81 89 97 107 98 116 115 127
54 53 63 61 71 62 73 85 90 81 96 93 104
Operating Profit 7 14 5 9 2 20 16 12 17 17 21 22 22
OPM % 12% 21% 8% 13% 3% 24% 18% 12% 16% 17% 18% 19% 17%
34 10 23 -2 72 13 49 2 38 8 23 3 56
Interest 0 0 0 0 0 0 0 0 0 0 1 1 1
Depreciation 3 3 4 4 4 3 3 3 3 3 4 4 4
Profit before tax 38 21 25 3 70 30 62 11 52 22 40 20 73
Tax % 10% 26% 19% 104% 13% 36% 16% -47% 9% 26% 2% 26% 13%
34 16 20 -0 61 19 52 16 48 16 39 14 64
EPS in Rs 11.51 5.22 6.68 -0.04 20.31 6.34 17.07 5.23 15.52 5.36 12.65 4.66 20.74
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 9m Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
401 551 665 379 169 162 189 163 187 257 313 373 455
381 498 588 356 143 147 173 160 170 223 266 316 374
Operating Profit 20 53 77 22 27 16 17 4 17 34 47 57 81
OPM % 5% 10% 12% 6% 16% 10% 9% 2% 9% 13% 15% 15% 18%
30 6 28 13 9 23 35 42 30 75 132 72 91
Interest 0 0 0 0 0 0 0 0 1 1 0 1 3
Depreciation 18 26 27 15 12 11 12 11 11 12 13 12 15
Profit before tax 32 33 78 21 24 27 39 34 36 96 166 117 154
Tax % 7% 18% 5% 35% 4% 42% 22% 19% 48% 20% 20% 3%
30 27 74 13 23 16 31 27 19 77 132 113 134
EPS in Rs 12.25 12.17 32.99 5.81 9.89 6.64 12.73 11.30 7.48 25.69 43.29 36.64 43.41
Dividend Payout % 24% 37% 8% 43% 35% 90% 67% 71% 194% 74% 44% 52%
Compounded Sales Growth
10 Years: -4%
5 Years: 14%
3 Years: 26%
TTM: 22%
Compounded Profit Growth
10 Years: 12%
5 Years: 35%
3 Years: 87%
TTM: 17%
Stock Price CAGR
10 Years: 28%
5 Years: 54%
3 Years: 7%
1 Year: 36%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 13%
Last Year: 14%

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 Sep 2024
Equity Capital 12 11 11 12 12 12 12 12 13 15 15 15 15
Reserves 370 332 427 186 218 216 248 257 467 587 727 823 866
2 2 1 0 1 1 2 2 2 3 3 51 54
97 104 75 47 41 49 51 66 168 110 89 101 150
Total Liabilities 481 449 514 246 272 278 313 336 650 715 835 991 1,084
82 78 69 46 45 45 45 40 36 35 33 49 63
CWIP 3 0 1 0 0 2 1 2 2 4 4 1 1
Investments 189 218 203 33 119 132 156 174 484 491 674 808 787
207 153 240 166 108 99 110 120 129 184 123 132 232
Total Assets 481 449 514 246 272 278 313 336 650 715 835 991 1,084

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
26 89 9 40 50 22 18 16 23 11 54 67
15 -33 -11 -32 -61 -6 -4 23 -13 25 -7 -55
-36 -66 -5 -4 -0 -8 -14 -30 -6 -45 -56 -12
Net Cash Flow 4 -11 -6 3 -10 8 -0 8 4 -8 -9 1

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 51 22 41 50 31 62 69 57 87 80 44 47
Inventory Days
Days Payable
Cash Conversion Cycle 51 22 41 50 31 62 69 57 87 80 44 47
Working Capital Days 19 -20 31 27 36 8 24 -8 -142 3 -8 3
ROCE % 12% 17% 6% 11% 10% 13% 13% 9% 14% 15% 14%

Shareholding Pattern

Numbers in percentages

11 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
37.59% 37.30% 37.31% 37.28% 37.27% 36.75% 36.58% 36.50% 36.48% 36.26% 36.25% 36.24%
4.84% 6.62% 8.01% 13.04% 13.25% 13.14% 13.42% 13.93% 14.10% 14.40% 14.03% 8.14%
7.22% 6.65% 5.71% 3.73% 3.90% 4.80% 5.85% 5.99% 6.41% 7.07% 7.10% 10.41%
50.35% 49.43% 48.96% 45.96% 45.58% 45.30% 44.14% 43.56% 43.01% 42.26% 42.59% 45.22%
No. of Shareholders 1,09,9921,04,3761,06,1801,10,4451,07,6131,05,0431,05,47194,08190,28484,94991,45688,676

* 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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Documents

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