Is Mastek a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mastek Ltd is a good quality company .

Is Mastek undervalued or overvalued?

The key valuation ratios of Mastek Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Mastek share price return in the past 10 years?

Mastek Ltd share price has appreciated 21.5% annually (CAGR) over the past ten years.

Is Mastek a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mastek Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Mastek Ltd - Stock Valuation and Financial Performance

Name: Mastek
Brand: Mastek

BSE: 523704 | NSE: MASTEK | IT - Software | Small Cap

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Mastek Share Price

₹2,875.60 -88.15 -2.97%
as on 26-Dec'24 16:59

10 Year X-Ray of Mastek:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	15.1%	6.6%	11.3%	12%	16.1%	12.9%	9.8%	17.8%	24.6%	14.4%	-
Value Creation Index ⓘ	0.1	-0.5	-0.2	-0.2	0.2	-0.1	-0.3	0.3	0.8	0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	433	379	169	162	189	163	187	257	313	373	441
Sales YoY Gr.	-	-12.5%	-55.2%	-4.2%	16.7%	-13.7%	14.5%	37.2%	22.1%	18.9%	-
Adj EPS ⓘ	22.9	4.6	10.7	4.5	10.5	9.9	6.3	21.4	28.7	36.2	42.8
YoY Gr.	-	-79.8%	132.3%	-58.5%	136.2%	-6%	-36.4%	240.6%	34.3%	26.1%	-
BVPS (₹) ⓘ	193.6	85.7	94.9	92	102	101.7	183.1	196.7	238.9	266.8	285.3
Adj Net Profit ⓘ	51.6	10.6	25.1	10.5	25.2	24	15.8	64.2	87.7	112	132
Cash Flow from Ops. ⓘ	9.5	39.6	50.3	22.1	17.9	15.8	22.8	15.2	54.1	67.2	-
Debt/CF from Ops. ⓘ	0.1	0	0	0	0.1	0.1	0.1	0.2	0.1	0.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-1.6%	14.5%	25.8%	18.9%
Adj EPS ⓘ	5.2%	28.1%	79.3%	26.1%
BVPSⓘ	3.6%	21.2%	13.4%	11.7%
Share Price	21.5%	48.1%	-1.3%	2.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	13.2	3.4	11.7	4.6	10.3	9.1	4.2	11.9	13	14.1	15.5
Op. Profit Mgn % ⓘ	13.6	5.4	17.4	9.6	8.9	2.2	9.3	13.2	15	15.3	18
Net Profit Mgn % ⓘ	11.9	2.8	14.8	6.5	13.3	14.7	8.5	25	28	30	30
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0.1	0
Working Cap Days ⓘ	121	138	207	147	120	158	143	126	105	94	61
Cash Conv. Cycle ⓘ	41	56	64	41	56	65	66	45	14	12	19

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.50%

Sales growth is growing at healthy rate in last 3 years 25.81%

Net Profit is growing at healthy rate in last 3 years 79.32%

Sales growth is good in last 4 quarters at 17.75%

No data to display

Latest Financials - Mastek Ltd.

	Standalone	Consolidated
TTM EPS (₹)	42.8	119
TTM Sales (₹ Cr.)	441	3,244
BVPS (₹.) ⓘ	285.3	740.2
Reserves (₹ Cr.) ⓘ	866	2,270
P/BV ⓘ	10.08	3.88
PE ⓘ	67.21	24.16

From the Market
52 Week Low / High (₹)	2137.25 / 3375.00
All Time Low / High (₹)	7.50 / 3666.00
Market Cap (₹ Cr.)	8,879
Equity (₹ Cr.)	15.4
Face Value (₹)	5
Industry PE ⓘ	36

Management X-Ray of Mastek:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Mastek

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Mastek

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	433	379	169	162	189	163	187	257	313	373
Operating Expenses ⓘ	374	358	143	147	173	160	170	223	266	316
Manufacturing Costs	-48	107	19	16	16	15	13	17	17	21
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	377	215	99	114	135	124	141	188	213	254
Other Costs ⓘ	46	36	25	17	22	21	15	18	36	40
Operating Profit ⓘ	58	20	27	15	17	3	17	34	47	57
Operating Profit Margin (%)	13.5%	5.4%	15.9%	9.5%	8.9%	2.1%	9.3%	13.2%	15.0%	15.3%
Other Income ⓘ	23	21	13	23	35	49	35	74	73	72
Interest ⓘ	0	0	0	0	0	0	1	1	0	1
Depreciation ⓘ	27	18	13	11	12	11	11	12	13	12
Exceptional Items ⓘ	5	-3	-3	0	0	-7	-5	1	59	0
Profit Before Tax ⓘ	59	21	24	27	39	34	36	96	166	117
Tax ⓘ	-3	7	1	12	9	6	18	19	34	4
Profit After Tax	62	13	23	16	31	27	19	77	132	113
PAT Margin (%)	14.3%	3.5%	13.6%	9.7%	16.1%	16.8%	10.1%	30.0%	42.2%	30.3%
Adjusted EPS (₹)	27.4	5.8	9.9	6.6	12.7	11.3	7.5	25.7	43.3	36.7
Dividend Payout Ratio (%)	9%	43%	35%	90%	67%	71%	194%	74%	44%	52%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	437	197	222	218	245	247	462	590	729	823
Share Capital ⓘ	11	11	12	12	12	12	13	15	15	15
Reserves ⓘ	425	186	210	206	233	235	449	575	714	807
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1	0	0	1	1	1	1	2	2	43
Long Term Debt	1	0	0	1	1	1	1	2	2	43
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	6	4	2	3	2	1	1	31	24	23
Others Liabilities ⓘ	51	30	20	24	37	59	156	59	43	91
Total Liabilities ⓘ	495	231	244	246	285	308	621	682	798	979
Fixed Assets
Gross Block	278	203	214	196	201	187	159	170	181	175
Accumulated Depreciation	209	157	169	151	155	152	128	139	148	126
Net Fixed Assetsⓘ	69	46	45	45	45	35	31	31	33	49
CWIP ⓘ	1	0	0	2	1	2	2	4	4	1
Investmentsⓘ	203	33	119	132	156	174	484	491	674	808
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	75	52	14	28	36	26	45	57	38	48
Cash Equivalents	50	35	4	12	12	21	24	49	7	9
Others Assetsⓘ	96	64	62	27	34	50	35	49	41	65
Total Assets ⓘ	495	231	244	246	285	308	621	682	798	979

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	9	40	50	22	18	16	23	15	54	67
PBT ⓘ	73	24	23	16	31	34	19	96	107	117
Adjustment ⓘ	8	10	6	7	-3	-20	6	-58	-48	-50
Changes in Working Capital ⓘ	-69	11	29	-3	-0	11	3	-10	11	8
Tax Paid ⓘ	3	-1	-7	3	-9	-9	-5	-13	-16	-7
Cash Flow From Investing Activity ⓘ	-11	40	-61	-6	-4	23	-13	22	-7	-55
Capex	-19	-11	-11	-13	-11	-6	-6	-12	27	-6
Net Investments	0	42	-46	-6	-16	-9	-31	143	61	-18
Others ⓘ	9	9	-3	13	23	37	24	-110	-95	-30
Cash Flow From Financing Activityⓘ	-5	-4	0	-8	-14	-30	-6	-45	-56	-12
Net Proceeds from Shares ⓘ	6	6	2	2	3	2	8	2	2	1
Net Proceeds from Borrowing ⓘ	0	-1	0	0	1	0	0	1	0	47
Interest Paid ⓘ	0	0	0	0	0	0	-1	0	0	0
Dividend Paid ⓘ	-10	-9	-2	-11	-18	-31	-14	-48	-57	-58
Others ⓘ	0	0	0	0	0	0	0	0	0	0
Net Cash Flow ⓘ	-6	75	-10	8	0	8	4	-8	-9	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	15.85	4.22	11.03	7.15	13.19	11.17	5.32	14.65	20.03	14.56
ROCE (%)	15.13	6.56	11.31	11.97	16.07	12.88	9.83	17.76	24.61	14.37
Asset Turnover Ratio	0.94	1.04	0.71	0.66	0.71	0.55	0.4	0.39	0.42	0.42
PAT to CFO Conversion(x)	0.15	3.08	2.17	1.38	0.58	0.59	1.21	0.19	0.41	0.59
Working Capital Days
Receivable Days	46	61	72	47	61	69	69	72	55	42
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

Mastek Ltd Stock News

Mastek Ltd FAQs

What is the share price of Mastek?

Company share prices are keep on changing according to the market conditions. The closing price of Mastek on 26-Dec-2024 16:59 is ₹2,875.6.

What is the market cap of Mastek?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Dec-2024 16:59 the market cap of Mastek stood at ₹8,879.1.

What is the P/E ratio of Mastek?

The latest P/E ratio of Mastek as of 26-Dec-2024 16:59 is 67.21.

What is the P/B ratio of Mastek?

The latest P/B ratio of Mastek as of 26-Dec-2024 16:59 is 10.08.

What is the 52-week high and low of Mastek?

The 52-week high of Mastek is ₹3,375 and the 52-week low is ₹2,137.3.

What is the TTM revenue of Mastek?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mastek is ₹440.8 ( Cr.) .

About Mastek Ltd

Mastek incorporated in 1982, is engaged in providing software solutions and integration services. Mastek a leading IT solutions player with global operations in providing new technology and IP-led enterprise solutions to insurance, government and financial service organizations worldwide

Today, Mastek has grown to become a US $227 million Corporation.The company has partnered with various IT giants for delivering quality product and services namely Microsoft, Oracle and IBM are amongst others.

The company has received ISO 9001 certification for quality management and has assessed at P-CMM Level 3 and SW-CMM Level 5.

Product Offering

Services- Under services the company is engaged in application development, application management outsourcing, system integration, system rationalisation and business frameworks.

Solutions- The company offers solutions that support various sector to deliver quality services. Mastek offers solutions to government, insurance and financial services.

Milestone & Awards

1982: Mastek was founded by 4 IIM graduates viz. Ketan Mehta, Ashank Desai and R Sundar are the founder members who are later joined by Sudhakar Ram in October 1984.

1985: The Company was amongst the first in India to create software products.

1989: One of the first to introduce Relational database management system (RDBMS) in India.

1990: The Company set up subsidiary in Singapore.

1992: Mastek USA was established.

The company was first to develop ERP in India.

Mastek became First Indian IT Company that got listed at premium price.

1993: Mastek was first IT Company to offer Employee Stock Option Plan (ESOP) in India.

1994: The Company set up subsidiary in Malaysia.

1996: Mastek UK is set up.

1997: The Company was among one of the first to foray into CRM services globally.

1999: The Company set up subsidiary in Germany.

2000: First IT Solutions Company in the world to be assessed at P-CMM Level 3.

2002: Company launched Campus at Millennium Park at New Bombay.

2003: One of the worlds largest Dot Net project London Congestion Charging goes live.

2005: Mastek signed the memorandum of agreement to acquire 15.5 acres of land at Mahindra City in Chennai.

Mastek groupâ€™s first development centre was set up outside Maharashtra, India.

The company set up its largest development centre outside Mumbai in Pune.

2007: The Company launched its first development centre outside Maharashtra in Chennai.

A new building was commissioned at Millennium Park campus at New Bombay.

Mastek is amongst the first to ride the third wave of Indian IT.

2010:

Mastek Acquires Kognitio Data Migration Offering.
Mastek - Mastek acquires the assets of SEG Software, LLC.
Achieves CMMi Level 5 (version1.2) appraisal by Software Engineering Institute (SEI).
Mastek's Elixir Distribution Management (EDM) solution rated 'Positive' in Gartner's Incentive Compensation Management (ICM) Marketscope report.
Earned prestigious standing in the vendor ranking of the Vanguards in Insurance Practices (VIP) program by INN and Celent - determined solely by voting from insurance carriers, brokers and agents in 2009 and 2010.
Ranked amongst the Best 20 Leaders by The International Association of Outsourcing Professional (IAOP), industry focus Government in 2009 and 2010.
Ranked amongst the Best 20 Leaders by The International Association of Outsourcing Professional (IAOP), industry focus Financial Services- Insurance in 2009 and 2010.
Ranked amongst the Best 20 Leaders by The International Association of Outsourcing Professional (IAOP), industry focus Financial Service â€“ Banking, Capital Markets in 2009 and 2010.
Ranked amongst the Best 20 Leaders by The International Association of Outsourcing Professional (IAOP), Services offered â€“ Information and Communication in 2009 and 2010.

2011:

Mastek wins contract worth Rs. 59 crore.
Consistently ranked high on the list of Top 100 outsourcing companies in the World by The International Association of Outsourcing Professionals (IAOP) in 2006, 2007, 2008, 2009, 2010 and 2011.
Mastek UK Project Manager Vishal Somal became one of the first candidates to receive the APMG & DSDM qualification in Agile Project Management
Apollo Munich Health Insurance won Celent Model Insurer Asia 2011 Award for the solution developed by Mastek.
Our customer, Commercial Tax Department, Government of Odisha, won the jury award for 'The Best Project under the Government to Business (G2B) Category' at the eWorld Forum for our e-Services solution.
Mastek and its client, Department of Social Justice & Special Assistance, Government of Maharashtra, won the jury award for 'Best ICT in Financial Inclusion Initiative of the year' at the eIndia Awards for the e-Scholarship solution developed by Mastek.
Mastek and its client, Maharashtra Housing and Area Development Authority (MHADA), Government of Maharashtra, won the jury award for 'Best Urban ICT Initiative of The Year' award at the eIndia Awards for the Integrated Housing Lottery Management System (IHLMS) solution developed by Mastek.
Mastek's 'Claims Surveyor' solution won IDC's FIIA Award for Innovation in Mobility.

2012:
MajescoMastek wins two Celent XCelent Awards for STG Billing.

2013:
Mastek achieves Level 5 (version 1.3 ) appraised by CMMI institute for â€˜Product Implementation, Full Scope Projects Managed from India.
Mastekâ€™s Elixir Distribution Management(EDM) solution received the Celentâ€™s XCelent Service Award, 2013
Mastek is ranked 67th in the Leader category in the â€˜The 2013 Global Outsourcing 100Â® service providersâ€™ list by The International Association of Outsourcing Professional (IOAP)