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Mindteck (India) Ltd (MINDTECK)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517344 NSE: MINDTECK IT - Software | Small Cap | Mindteck (India) Share Price
₹191.80 -0.70 (-0.36%)
As on 05-Aug'26 13:55
Mindteck (India) Ltd (MINDTECK)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517344 NSE: MINDTECK IT - Software | Small Cap | Mindteck (India) Share Price
₹191.80 -0.70 (-0.36%)
As on 05-Aug'26 13:55
Key Metrics
Valuation Multiples
Market Cap
₹615 Cr.
Current Price
₹191.8
52-Week Low / High
₹146 / 307
TTM EPS
₹5.5
TTM Sales
₹150 Cr.
Book Value per Share
₹63.2
P/E Ratio
35.35
In line with its 5-year historical median
Industry PE
22.5
Price to Book (P/B)
3.05
Lower than its 5-year historical median
Price to Sales (P/S)
4.11
In line with its 5-year historical median
EV/EBITDA
15.60
Lower than its 5-year historical median
Dividend Yield
0.52%
Profitability Efficiency
Return on Equity (ROE)
8.95%
Outperforms industry median
Return on Capital Employed (ROCE)
12.32%
Outperforms industry median
Return on Assets (ROA)
7.78%
Operating Profit Margin
16.8%
Net Profit Margin
11.63%
Gross Profit Margin
22.3%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-3.51%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
2.48%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-7.55%
Asset Quality
Promoter Holding
64.20%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹170 Cr.
Equity
₹32 Cr.
Face Value
₹10
All Time Low / High
₹0.43 / 432.81
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is Mindteck (India) Ltd a good quality company?
Mindteck (India) Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Mindteck (India) Ltd performance compare with that of its Peers?
Revenue growth of Mindteck (India) Ltd vs industry peers?
Mindteck (India) Ltd revenue CAGR is 7.55%, compared to the industry median CAGR of 3.19%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Mindteck (India) Ltd?
Promoters hold 64.20% of the Mindteck (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Mindteck (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 10% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Mindteck (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 4% | 2.5% | 6% | -37.1% | 12.1% | 11.3% | 14% | 15.6% | 14.5% | 12.3% | - |
| Value Creation Index ⓘ | -0.7 | -0.8 | -0.6 | -3.7 | -0.1 | -0.2 | -0 | 0.1 | 0.0 | -0.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 83.6 | 88.4 | 108 | 92.3 | 104 | 114 | 130 | 140 | 155 | 150 | 150 |
| Sales YoY Gr. | - | 5.7% | 21.7% | -14.2% | 12.6% | 9.9% | 13.4% | 7.9% | 11% | -3.5% | - |
| Adj EPS ⓘ | 1.5 | 0.6 | 2.1 | -18.6 | 2.7 | 3.4 | 4.6 | 5.7 | 5.8 | 6.4 | 5.5 |
| YoY Gr. | - | -60.8% | 256.9% | -1000.5% | NA | 28.1% | 34.5% | 23.9% | 2.5% | 9.3% | - |
| BVPS (₹) ⓘ | 55.7 | 55.3 | 56.8 | 37.5 | 40.2 | 43.8 | 45.7 | 50.9 | 58.5 | 63.2 | 63.2 |
| Adj Net Profit ⓘ | 4.7 | 1.9 | 6.6 | -59.7 | 8.6 | 11 | 14.5 | 18.1 | 18.6 | 20.4 | 17 |
| Cash Flow from Ops. ⓘ | -5.3 | 0.1 | -0.5 | 6.2 | 20.5 | 19.7 | 10.5 | 15.8 | 16 | 4.3 | - |
| Debt/CF from Ops. ⓘ | -0.2 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.7% | 7.6% | 4.9% | -3.5% | ||||
| Adj EPS ⓘ | 17.6% | 19% | 11.5% | 9.3% | ||||
| BVPSⓘ | 1.4% | 9.5% | 11.4% | 8.1% | ||||
| Share Price | 9.8% | 15.5% | 25.7% | -1.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.7 | 1 | 3.6 | -38.9 | 6.8 | 8.1 | 10.1 | 11.7 | 10.6 | 10.4 | 8.6 |
| Op. Profit Mgn % ⓘ | 7.5 | 4.3 | 9.2 | 7.9 | 17.6 | 14.7 | 16.1 | 15.4 | 15.8 | 16.8 | 16.8 |
| Net Profit Mgn % ⓘ | 5.6 | 2.1 | 6.2 | -64.7 | 8.2 | 9.6 | 11.2 | 12.9 | 12 | 13.6 | 11.6 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 171 | 182 | 176 | 212 | 167 | 169 | 148 | 121 | 147 | 186 | 168 |
| Cash Conv. Cycle ⓘ | 25 | 44 | 39 | 46 | 46 | 51 | 55 | 66 | 63 | 83 | 139 |
Valuation of Mindteck (India) - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 84 | 88 | 108 | 92 | 104 | 114 | 130 | 140 | 155 | 150 |
| Operating Expenses > ⓘ + | 78 | 85 | 98 | 85 | 86 | 98 | 109 | 118 | 131 | 124 |
| Operating Profit > ⓘ | 6 | 4 | 10 | 7 | 18 | 17 | 21 | 22 | 25 | 25 |
| Operating Profit Margin (%) | 7.0% | 4.2% | 9.2% | 7.9% | 17.6% | 14.6% | 16.1% | 15.4% | 15.8% | 16.8% |
| Other Income > ⓘ + | 3 | 2 | 3 | 2 | 3 | 4 | 4 | 5 | 5 | 9 |
| Interest > ⓘ | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 0 | 1 | 1 |
| Depreciation > ⓘ | 1 | 1 | 2 | 6 | 6 | 5 | 4 | 4 | 5 | 4 |
| Profit Before Tax > ⓘ | 7 | 4 | 10 | -59 | 14 | 15 | 20 | 24 | 25 | 24 |
| Tax > ⓘ | 3 | 2 | 3 | 0 | 5 | 4 | 5 | 5 | 6 | 6 |
| Profit After Tax | 4 | 2 | 7 | -59 | 9 | 11 | 15 | 18 | 19 | 17 |
| PAT Margin (%) | 5.3% | 2.2% | 6.7% | -64.2% | 8.2% | 9.6% | 11.5% | 13.1% | 12.1% | 11.6% |
| Adjusted EPS (₹) | 1.4 | 0.6 | 2.3 | -18.5 | 2.7 | 3.4 | 4.7 | 5.8 | 5.9 | 5.5 |
| Dividend Payout Ratio (%) | 57.70% | 134.10% | 35.60% | 0% | 0% | 23.40% | 17% | 13.90% | 17% | 18.40% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 177 | 177 | 182 | 120 | 129 | 141 | 144 | 161 | 187 | 202 | |
| Debt + | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 4 | 6 | 11 | 8 | 7 | 8 | 5 | 6 | 7 | 11 | |
| Others Liabilities ⓘ | 11 | 18 | 18 | 25 | 17 | 17 | 15 | 15 | 20 | 20 | |
| Total Liabilities ⓘ | 193 | 200 | 211 | 153 | 153 | 166 | 165 | 182 | 214 | 234 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 1 | 9 | 12 | 22 | 9 | 9 | 7 | 4 | 9 | 4 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 124 | 132 | 138 | 68 | 67 | 67 | 67 | 67 | 67 | 67 | |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Receivables | 15 | 19 | 26 | 20 | 26 | 25 | 31 | 34 | 36 | 55 | |
Cash Equivalents 
ⓘ
| 25 | 13 | 3 | 14 | 31 | 28 | 46 | 62 | 61 | 86 | |
| Others Assets ⓘ | 27 | 27 | 31 | 30 | 19 | 36 | 14 | 16 | 41 | 22 | |
| Total Assets ⓘ | 193 | 200 | 211 | 153 | 153 | 166 | 165 | 182 | 214 | 234 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -5 | 0 | -0 | 6 | 21 | 20 | 10 | 16 | 16 | 4 |
| Cash Flow From Investing Activity ⓘ + | 2 | -13 | -3 | 12 | -25 | -19 | 6 | -2 | -4 | 7 |
| Cash Flow From Financing Activity ⓘ + | -1 | -3 | -3 | -8 | -4 | -3 | -15 | -6 | -4 | -7 |
| Net Cash Flow ⓘ | -5 | -16 | -7 | 10 | -9 | -3 | 2 | 8 | 7 | 4 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.52 | 1.08 | 4.01 | -39.25 | 6.85 | 8.15 | 10.43 | 11.95 | 10.82 | 8.95 |
| ROCE (%) | 3.98 | 2.5 | 5.97 | -37.06 | 12.1 | 11.31 | 13.99 | 15.62 | 14.49 | 12.32 |
| Asset Turnover Ratio | 0.43 | 0.45 | 0.52 | 0.51 | 0.68 | 0.72 | 0.78 | 0.81 | 0.78 | 0.67 |
| PAT to CFO Conversion(x) | -1.25 | 0 | -0 | N/A | 2.33 | 1.82 | 0.67 | 0.89 | 0.84 | 0.24 |
| Working Capital Days | ||||||||||
| Receivable Days | 63.50 | 69.50 | 76.20 | 90 | 80.30 | 81.70 | 78.30 | 83.90 | 82.20 | 110.80 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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Mindteck (India) Ltd FAQs
The current trading price of Mindteck (India) on 05-Aug-2026 13:55 is ₹191.8.
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 04-Aug-2026 the market cap of Mindteck (India) stood at ₹615.1 Cr
The latest P/E ratio of Mindteck (India) as of 04-Aug-2026 is 35.35.
The latest P/B ratio of Mindteck (India) as of 04-Aug-2026 is 3.05.
The 52-week high of Mindteck (India) is ₹307.0 and the 52-week low is ₹146.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mindteck (India) is ₹150 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Mindteck (India) Ltd is a average quality company.
The key valuation ratios of Mindteck (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mindteck (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Mindteck (India) Ltd
Mindteck Ltd. is an ISO 9001:2000 and ISO 27001:2005 certified company, offering services including embedded systems, business applications, consulting, enterprise consulting services, security infrastructure and professional services.
Headquartered in Bangalore, Mindteck is a leading global IT services provider with a footprint across Americas, Europe, Asia-Pacific, and Middle-east countries. Mindteck is profitable and growing stronger year-on-year.
It is a publicly trading company registered on the Bombay Stock Exchange (BSE). Mindteck's customers include Fortune 500 companies, multinationals and successful small & medium enterprises across several industries.
Operating globally, they have 16 offices across 8 countries equipped with state of the art infrastructure. With over 1000 employees worldwide, Mindteck is considered as a trusted partner for its domain expertise in analytical instruments, semiconductor manufacturing, insurance, storage, wireless, U.S. state government, and medical electronics industries.
The recent acquisitions of Mindteck have resulted in increasing market share along with length and breadth of service offerings to maximize overall growth prospects. Their service philosophy is oriented towards reinforcing quality driven technology practices.
Mindteck provides world class training practices to constantly nurture its highly skilled talent pool with advanced techniques and methods.Mindteck invests in spearheading innovative programs to motivate and empower individuals to stay ahead of the competition and work towards customer satisfaction.
Services offered by the company:
- Product Engineering specializing in Product Engineering and R&D services
- Business Consulting and IT Services
- SAP Enterprise Consulting, and Security
- Infrastructure and Managed services
Achievements/ recognition:
- ISO 9001:2000
- ISO 27001:2005 certified
- SEI CMMI level 5 Certified company
- ISO 13485:2003 certified to serve the Medical Electronics Industry.
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