Mastek Ltd - Stock Valuation and Financial Performance

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

Mastek Share Price

2,957.50 39.25 1.34%
as on 11-Nov'24 13:45

DeciZen - make an informed investing decision on Mastek

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Mastek stock performance -

mw4me loader
P/E Ratio (SA):
68.20
Market Cap:
9,009.5 Cr.
52-wk low:
2,137.3
52-wk high:
3,147

Is Mastek Ltd an attractive stock to invest in?

1. Is Mastek Ltd a good quality company?

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

2. Is Mastek Ltd 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.

3. Is Mastek Ltd a good buy now?

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

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mastek Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 15.1%6.6%11.3%12%16.1%12.9%9.8%17.8%24.6%14.4%-
Value Creation
Index
0.1-0.5-0.2-0.20.2-0.1-0.30.30.80.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 433379169162189163187257313373441
Sales YoY Gr.--12.5%-55.2%-4.2%16.7%-13.7%14.5%37.2%22.1%18.9%-
Adj EPS 22.94.610.74.510.59.96.321.428.736.242.8
YoY Gr.--79.8%132.3%-58.5%136.2%-6%-36.4%240.6%34.3%26.1%-
BVPS (₹) 193.685.794.992102101.7183.1196.7238.9266.8285.4
Adj Net
Profit
51.610.625.110.525.22415.864.287.7112132
Cash Flow from Ops. 9.539.650.322.117.915.822.815.254.167.2-
Debt/CF from Ops. 0.10000.10.10.10.20.10.7-

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%
BVPS3.6%21.2%13.4%11.7%
Share Price 26.7% 55.4% 1.6% 32.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
13.23.411.74.610.39.14.211.91314.115.5
Op. Profit
Mgn %
13.65.417.49.68.92.29.313.21515.318
Net Profit
Mgn %
11.92.814.86.513.314.78.525283030
Debt to
Equity
0000000000.10
Working Cap
Days
1211382071471201581431261059461
Cash Conv.
Cycle
4156644156656645141219

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 (₹) 42.8 119.1
TTM Sales (₹ Cr.) 441 3,244
BVPS (₹.) 285.4 740.3
Reserves (₹ Cr.) 866 2,270
P/BV 10.23 3.94
PE 68.20 24.51
From the Market
52 Week Low / High (₹) 2137.25 / 3147.00
All Time Low / High (₹) 7.50 / 3666.00
Market Cap (₹ Cr.) 9,009
Equity (₹ Cr.) 15.4
Face Value (₹) 5
Industry PE 35

Management X-Ray of Mastek:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mastek

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales433379169162189163187257313373
Operating Expenses 374358143147173160170223266316
Manufacturing Costs-481071916161513171721
Material Costs0000000000
Employee Cost 37721599114135124141188213254
Other Costs 46362517222115183640
Operating Profit 5820271517317344757
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 23211323354935747372
Interest 0000001101
Depreciation 27181311121111121312
Exceptional Items 5-3-300-7-51590
Profit Before Tax 5921242739343696166117
Tax -37112961819344
Profit After Tax 6213231631271977132113
PAT Margin (%) 14.3%3.5%13.6%9.7%16.1%16.8%10.1%30.0%42.2%30.3%
Adjusted EPS (₹)27.45.89.96.612.711.37.525.743.336.7
Dividend Payout Ratio (%)9%43%35%90%67%71%194%74%44%52%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 437197222218245247462590729823
Share Capital 11111212121213151515
Reserves 425186210206233235449575714807
Minority Interest0000000000
Debt10011112243
Long Term Debt10011112243
Short Term Debt0000000000
Trade Payables6423211312423
Others Liabilities 513020243759156594391
Total Liabilities 495231244246285308621682798979

Fixed Assets

Gross Block278203214196201187159170181175
Accumulated Depreciation209157169151155152128139148126
Net Fixed Assets69464545453531313349
CWIP 1002122441
Investments 20333119132156174484491674808
Inventories0000000000
Trade Receivables75521428362645573848
Cash Equivalents 50354121221244979
Others Assets96646227345035494165
Total Assets 495231244246285308621682798979

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 9405022181623155467
PBT 7324231631341996107117
Adjustment 81067-3-206-58-48-50
Changes in Working Capital -691129-3-0113-10118
Tax Paid 3-1-73-9-9-5-13-16-7
Cash Flow From Investing Activity -1140-61-6-423-1322-7-55
Capex -19-11-11-13-11-6-6-1227-6
Net Investments 042-46-6-16-9-3114361-18
Others 99-313233724-110-95-30
Cash Flow From Financing Activity -5-40-8-14-30-6-45-56-12
Net Proceeds from Shares 6622328221
Net Proceeds from Borrowing 0-1001001047
Interest Paid 000000-1000
Dividend Paid -10-9-2-11-18-31-14-48-57-58
Others 0000000000
Net Cash Flow -675-108084-8-91
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)15.854.2211.037.1513.1911.175.3214.6520.0314.56
ROCE (%)15.136.5611.3111.9716.0712.889.8317.7624.6114.37
Asset Turnover Ratio0.941.040.710.660.710.550.40.390.420.42
PAT to CFO Conversion(x)0.153.082.171.380.580.591.210.190.410.59
Working Capital Days
Receivable Days46617247616969725542
Inventory Days0000000000
Payable Days0000000000

Mastek Ltd Stock News

Mastek Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mastek on 11-Nov-2024 13:45 is ₹2,957.5.
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 11-Nov-2024 13:45 the market cap of Mastek stood at ₹9,009.5.
The latest P/E ratio of Mastek as of 11-Nov-2024 13:45 is 68.20.
The latest P/B ratio of Mastek as of 11-Nov-2024 13:45 is 10.23.
The 52-week high of Mastek is ₹3,147 and the 52-week low is ₹2,137.3.
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 group’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 – Banking, Capital Markets in 2009 and 2010.
Ranked amongst the Best 20 Leaders by The International Association of Outsourcing Professional (IAOP), Services offered – 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 ‘Product Implementation, Full Scope Projects Managed from India.
Mastek’s Elixir Distribution Management(EDM) solution received the Celent’s XCelent Service Award, 2013
Mastek is ranked 67th in the Leader category in the ‘The 2013 Global Outsourcing 100® service providers’ list by The International Association of Outsourcing Professional (IOAP)

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