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Mastek Ltd

(MASTEK)

₹2645.61.34%

as on 04:01PM, 19 Sep 2024

Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 7 analysts

BUY

71.43%

Buy

28.57%

Hold

0.00%

Sell

Based on 7 analysts offering long term price targets for Mastek Ltd. An average target of ₹3162

Source: S&P Global Market Intelligence

Mastek Ltd Share analysis

Mastek Ltd price forecast by 7 analysts

Upside of17.92%

High

₹3500

Target

₹3162.00

Low

₹2854

Mastek Ltd target price ₹3162, a slight upside of 17.92% compared to current price of ₹2645.6. According to 7 analysts rating.

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹2,602.55
    ₹2,734.95
  • 52 Week's Low

    52 Week's High

    ₹2,103.05
    ₹3,145
1 Month Return-3.51 %
3 Month Return-1.74 %
1 Year Return+ 14.79 %
Previous Close₹2,681.40
Open₹2,721.30
Volume1.03L
Upper Circuit-
Lower Circuit-
Market Cap₹8,275.32Cr

Key Statistics

P/E Ratio27.3
PEG Ratio7.34
Market Cap₹8,275.32 Cr
P/B Ratio9.33
EPS100.83
Dividend Yield0
SectorIT - Software
ROE14.3

Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹8,275.32 Cr132.16%0.54₹310 Cr₹3,054 Cr
BUY₹47,351.49 Cr343.82%0.53₹598 Cr₹4,871 Cr
NA₹1,848.42 Cr82.92%0.53₹912 Cr₹5,019 Cr
BUY₹17,429.06 Cr169%0.54₹623 Cr₹5,278 Cr
HOLD₹22,846.97 Cr72.65%0.54₹702 Cr₹7,147 Cr

Company Information

Mastek Limited is a digital engineering and cloud transformation partner, delivering innovative solutions for clients from multiple industry verticals, such as healthcare, life sciences, retail, manufacturing, financial services and governments worldwide. Founded in 1982, the company has a rich history of leveraging technology to increase IT value for its clients. It has operations in the US, Europe, Japan and Asia Pacific regions, and offers onsite and offshore solutions. Over the years, it has achieved milestones such as the development of India's first relational database management system, enterprise resource planning, as well as the London Congestion Charging project. Mastek has also pioneered nearshore delivery, and attained various accolades. In 2021, the company increased 10 non-retail customers, developed a Cloud Enhancement Service, secured its first deal in Canada, and opened an office in Romania. Its client base has risen to 30. With a track record of innovation, Mastek is successfully delivering advanced digital solutions to its customers.

Share Price: ₹2645.60 per share as on 19 Sep, 2024 04:01 PM
Market Capitalisation: ₹8,275.32Cr as of today
Revenue: ₹812.89Cr as on June 2024 (Q2 24)
Net Profit: ₹71.50Cr as on June 2024 (Q2 24)
Listing date: 23 May, 1995
Chairperson Name: Ashank Desai
OrganisationMastek Ltd
HeadquartersMumbai
IndustryIT - Software
E-voting on sharesClick here to vote

Key events for Mastek Ltd

  • SMALLCAP World Fund Reduces Stake in Mastek - 09 Sep, 2024

    SMALLCAP World Fund sold a 5.9% stake in Mastek Ltd, reducing its holding to 1.8%. The sale involved 17,74,666 shares, impacting Mastek's share price, which closed 1.38% lower.

  • Mastek Stake Changes Amid Revenue Growth - 05 Sep, 2024

    Capital Group sold a 5.6% stake in Mastek for Rs 475 crore, while ICICI Prudential Mutual Fund and Ghisallo Master Fund LP increased their holdings. Mastek reported a 12% YoY revenue growth but a slight decline in net profit. The stock has shown positive returns over the past year.

  • Mastek Stake Sale and Stock Decline Amid Challenges - 04 Sep, 2024

    Mastek faced a decline in share price following a significant stake sale by Capital Group and a block deal amid CEO resignation and profitability concerns.

  • Mastek Partners with Onyx Health for Interoperability - 28 Aug, 2024

    Mastek Limited has formed a strategic partnership with Onyx Health to accelerate healthcare data interoperability and compliance with FHIR standards, aiming for improved patient outcomes.

  • Mastek CEO Resignation and Interim Appointment Announced - 12 Aug, 2024

    Hiral Chandrana has resigned as CEO of Mastek effective August 9, 2024. The board has recommended Umang Nahata as Interim Group CEO starting August 10.

Insights on Mastek Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 42.27% to 42.60% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 2.11% to 2.21% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 785.18 Cr → 817.08 Cr (in ₹), with an average increase of 3.9% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, HCL Technologies Ltd has given 35.8% return, outperforming this stock by 21.0%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, HCL Technologies Ltd has given 37.6% return, outperforming this stock by 47.0%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 92.06 Cr → 71.5 Cr (in ₹), with an average decrease of 22.3% per quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 36.26% to 36.25% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 14.40% to 14.04% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 years, MASTEK stock has moved down by -9.4%

Company Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹725.25Cr (-)₹765.54Cr (↑5.56%)₹784.27Cr (↑2.45%)₹779.73Cr (↓0.58%)₹812.89Cr (↑4.25%)
Net Income₹73.53Cr (-)₹65.29Cr (↓11.21%)₹77.74Cr (↑19.07%)₹94.41Cr (↑21.44%)₹71.50Cr (↓24.27%)
Net Profit Margin10.14% (-)8.53% (↓15.88%)9.91% (↑16.18%)12.11% (↑22.20%)8.80% (↓27.33%)
Value in ₹ crore
Details2021202220232024
Total Assets₹654.77Cr (-)₹718.97Cr (↑9.80%)₹838.48Cr (↑16.62%)₹991.39Cr (↑18.24%)
Total Liabilities₹175.13Cr (-)₹117.18Cr (↓33.09%)₹95.75Cr (↓18.29%)₹152.87Cr (↑59.66%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹15.78Cr (-)₹22.76Cr (↑44.23%)₹11.43Cr (↓49.78%)₹54.07Cr (↑373.05%)₹67.18Cr (↑24.25%)

Index Inclusions

BSE IT Sector

₹42,438.38

-0.48 (-206.82%)

Nifty Smallcap 250

₹18,270.40

-1.11 (-205.4%)

Nifty 500

₹23,853.95

-0.19 (-44.7%)

S&P BSE 250 SmallCap

₹7,399.09

-1.01 (-75.19%)

S&P BSE 400 MidSmallCap

₹12,769.65

-0.61 (-78.92%)

Nifty MidSmallcap 400

₹20,684.65

-0.73 (-152.4%)

BSE Small-Cap

₹56,312.66

-1.06 (-603.27%)

BSE 500

₹37,616.67

-0.14 (-51.62%)

S&P BSE AllCap

₹11,001.59

-0.22 (-24.68%)

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
36.25%
-0.02
Foreign Institutions
14.04%
-2.52
Mutual Funds
2.21%
4.68
Retail Investors
42.6%
0.77
Others
4.91%
-1.04

Key Indicators

Details20202021202220232024
Return On Equity %10.385.0411.8112.3914.3
Details20202021202220232024
Return On Assets %32.3731.9741.0534.9530.29
Details20202021202220232024
Book Value Per Share (₹)325.56340.15356.88551.58676.85
Details20202021202220232024
Earning Per Share (₹)46.8799.74111.07101.66100.83

Mastek Ltd Valuation

Mastek Ltd in the last 5 years

  • Overview

  • Trends

Lowest (3.88x)

April 3, 2020

Today (27.30x)

September 18, 2024

Industry (40.92x)

September 18, 2024

Highest (33.99x)

February 19, 2024

LowHigh

Earnings and Dividends

  • Mastek Ltd Earnings Results

    Mastek Ltd’s net profit jumped 2.01% since last year same period to ₹71.50Cr in the Q1 2024-2025. On a quarterly growth basis, Mastek Ltd has generated -22.33% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Mastek Ltd Dividends April,2024

    In the quarter ending March 2024, Mastek Ltd has declared dividend of ₹12 - translating a dividend yield of 0.72%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Mastek Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Mastek Ltd (MASTEK) share price today is ₹2645.6

Mastek Ltd is listed on NSE

Mastek Ltd is listed on BSE

  • Today’s highest price of Mastek Ltd is ₹2734.95.
  • Today’s lowest price of Mastek Ltd is ₹2602.55.

PE Ratio of Mastek Ltd is 27.3

PE ratio = Mastek Ltd Market price per share / Mastek Ltd Earnings per share

Today’s traded volume of Mastek Ltd(MASTEK) is 1.03L.

Today’s market capitalisation of Mastek Ltd(MASTEK) is ₹8275.32Cr.

Mastek Ltd(MASTEKPrice
52 Week High
₹3145
52 Week Low
₹2103.05

Mastek Ltd(MASTEK) share price is ₹2645.6. It is down -15.88% from its 52 Week High price of ₹3145

Mastek Ltd(MASTEK) share price is ₹2645.6. It is up 25.80% from its 52 Week Low price of ₹2103.05

Mastek Ltd(MASTEKReturns
1 Day Returns
-35.8%
1 Month Returns
-3.51%
3 Month Returns
-1.74%
1 Year Returns
14.79%