Mindtree Ltd
Mindtree is an international Information Technology consulting and implementation company that delivers business solutions through global software development.
- 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
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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 35% |
3 Years: | -9% |
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% |
Documents
Announcements
- Record Date 14 Nov 2022
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
14 Nov 2022 - LTI and Mindtree to start operating as a merged entity from November 14, 2022-Merger of LTI and Mindtree receives approval of NCLT
- Announcement under Regulation 30 (LODR)-Scheme of Arrangement 14 Nov 2022
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov 2022 - Submission of Shareholders'' Notice published in Newspapers with respect to Transfer of Equity shares to IEPF Suspense Account.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 Nov 2022
Annual reports
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Concalls
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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.