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BSE: 523704 | NSE: MASTEK | IT - Software | Small Cap
1. Is Mastek Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Mastek Ltd is a average 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 Semi Strong which suggest that the price of Mastek Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 4.7% | 16.4% | 3.4% | 11.8% | 4.6% | 10.4% | 9.1% | 4.3% | 11.9% | 13% | - | ||
| Value Creation Index ⓘ | -0.7 | 0.2 | -0.8 | -0.2 | -0.7 | -0.3 | -0.4 | -0.7 | -0.1 | 0.0 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 330 | 665 | 379 | 169 | 162 | 189 | 163 | 187 | 257 | 313 | 343 | ||
| YoY Gr. Rt. % | - | 101.8% | -43.1% | -55.2% | -4.2% | 16.7% | -13.7% | 14.5% | 37.2% | 22.1% | - | ||
| Adj EPS ⓘ | 7.6 | 28.5 | 4.6 | 10.7 | 4.5 | 10.5 | 9.9 | 6.3 | 21.4 | 28.7 | 42.6 | ||
| YoY Gr. Rt. % | - | 272.9% | -83.8% | 132.3% | -58.5% | 136.2% | -6% | -36.4% | 240.6% | 34.3% | - | ||
| BVPS (₹) ⓘ | 155 | 193.6 | 85.7 | 94.9 | 92 | 102 | 101.7 | 183.1 | 196.7 | 238.9 | 250 | ||
| Adj Net Profit ⓘ | 16.9 | 64.2 | 10.6 | 25.1 | 10.5 | 25.2 | 24 | 15.8 | 64.2 | 87.7 | 130 | ||
| Cash Flow from Ops. ⓘ | 88.9 | 9.5 | 39.6 | 50.3 | 22.1 | 17.9 | 15.8 | 22.8 | 15.2 | 54.1 | - | ||
| Debt/CF from Ops. ⓘ | 0 | 0.1 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | -0.6% | 14.1% | 24.2% | 22.1% | ||||||||
| Adj EPS ⓘ | 15.9% | 45.2% | 42.7% | 34.3% | ||||||||
| BVPSⓘ | 4.9% | 21% | 32.9% | 21.5% | ||||||||
| Share Price | 32.6% | 39.9% | 33.9% | 38.1% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 4.7 | 16.4 | 3.4 | 11.7 | 4.6 | 10.3 | 9.1 | 4.2 | 11.9 | 13 | 17.4 | |
| Op. Profit Mgn % ⓘ | 12.5 | 11.7 | 5.4 | 17.4 | 9.6 | 8.9 | 2.2 | 9.3 | 13.2 | 15 | 17.1 | |
| Net Profit Mgn % ⓘ | 5.1 | 9.7 | 2.8 | 14.8 | 6.5 | 13.3 | 14.7 | 8.5 | 25 | 28 | 38 | |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Working Cap Days ⓘ | 146 | 79 | 138 | 207 | 147 | 120 | 158 | 143 | 126 | 105 | 134 | |
| Cash Conv. Cycle ⓘ | 46 | 27 | 56 | 64 | 41 | 56 | 65 | 66 | 45 | 14 | 33 | |
Return on Equity has increased versus last 3 years average to 17.40%
Sales growth is growing at healthy rate in last 3 years 24.23%
Net Profit is growing at healthy rate in last 3 years 42.72%
Sales growth is good in last 4 quarters at 22.67%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 42.6 | 88 |
| TTM Sales (₹ Cr.) | 343 | 2,859 |
| BVPS (₹.) ⓘ | 250 | 584.9 |
| Reserves (₹ Cr.) ⓘ | 751 | 1,777 |
| P/BV ⓘ | 9.24 | 3.95 |
| PE ⓘ | 54.25 | 26.25 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1475.45 / 2535.10 |
| All Time Low / High (₹) | 7.50 / 3666.00 |
| Market Cap (₹ Cr.) | 7,079 |
| Equity (₹ Cr.) | 15.3 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 30.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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
1989: One of the first to introduce Relational database management system (RDBMS) in
1990: The Company set up subsidiary in
1992: Mastek
The company was first to develop ERP in
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
1994: The Company set up subsidiary in
1996: Mastek
1997: The Company was among one of the first to foray into CRM services globally.
1999: The Company set up subsidiary in
2000: First IT Solutions Company in the world to be assessed at P-CMM Level 3.
2002: Company launched Campus at
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
Mastek group’s first development centre was set up outside
The company set up its largest development centre outside Mumbai in Pune.
2007: The Company launched its first development centre outside
A new building was commissioned at
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)
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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