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BSE: 517344 | NSE: MINDTECK | IT - Software | Small Cap
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.1% | 8% | 4% | 2.5% | 6% | -37.1% | 12.1% | 11.3% | 14% | 15.6% | - |
| Value Creation Index ⓘ | -0.2 | -0.4 | -0.7 | -0.8 | -0.6 | -3.7 | -0.1 | -0.2 | -0 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 80.2 | 86.7 | 83.6 | 88.4 | 108 | 92.3 | 104 | 114 | 130 | 140 | 147 |
| Sales YoY Gr. | - | 8.1% | -3.5% | 5.7% | 21.7% | -14.2% | 12.6% | 9.9% | 13.4% | 7.9% | - |
| Adj EPS ⓘ | 3.8 | 2.7 | 1.5 | 0.6 | 2.1 | -18.6 | 2.7 | 3.4 | 4.6 | 5.7 | 5.7 |
| YoY Gr. | - | -30.5% | -44.6% | -60.8% | 256.9% | -1000.5% | NA | 28.1% | 34.5% | 23.9% | - |
| BVPS (₹) ⓘ | 53.1 | 54.7 | 55.7 | 55.3 | 56.8 | 37.5 | 40.2 | 43.8 | 45.7 | 50.9 | 53.9 |
| Adj Net Profit ⓘ | 12 | 8.4 | 4.7 | 1.9 | 6.6 | -59.7 | 8.6 | 11 | 14.5 | 18.1 | 18 |
| Cash Flow from Ops. ⓘ | 11.4 | 14.6 | -5.3 | 0.1 | -0.5 | 6.2 | 20.5 | 19.7 | 10.5 | 15.8 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | -0.2 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.4% | 5.4% | 10.3% | 7.9% | ||||
| Adj EPS ⓘ | 4.5% | 22.5% | 28.8% | 23.9% | ||||
| BVPSⓘ | -0.5% | -2.2% | 8.1% | 11.2% | ||||
| Share Price | 16% | 56.6% | 48.5% | 79.2% | ||||
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 % ⓘ | 7.5 | 4.9 | 2.7 | 1 | 3.6 | -38.9 | 6.8 | 8.1 | 10.1 | 11.7 | 10.9 |
| Op. Profit Mgn % ⓘ | 24.2 | 15.2 | 7.5 | 4.3 | 9.2 | 7.9 | 17.6 | 14.7 | 16.1 | 15.4 | 14.7 |
| Net Profit Mgn % ⓘ | 15 | 9.7 | 5.6 | 2.1 | 6.2 | -64.7 | 8.2 | 9.6 | 11.2 | 12.9 | 12.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 164 | 165 | 171 | 182 | 176 | 212 | 167 | 169 | 148 | 121 | 125 |
| Cash Conv. Cycle ⓘ | 23 | 17 | 25 | 44 | 39 | 46 | 46 | 51 | 55 | 66 | 99 |
Return on Equity has increased versus last 3 years average to 10.90%
Sales growth is growing at healthy rate in last 3 years 10.34%
Net Profit is growing at healthy rate in last 3 years 28.76%
Sales growth is good in last 4 quarters at 10.58%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.7 | 8.6 |
| TTM Sales (₹ Cr.) | 147 | 400 |
| BVPS (₹.) ⓘ | 53.9 | 72.9 |
| Reserves (₹ Cr.) ⓘ | 140 | 200 |
| P/BV ⓘ | 4.59 | 3.39 |
| PE ⓘ | 43.35 | 28.68 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 127.44 / 368.20 |
| All Time Low / High (₹) | 0.43 / 432.81 |
| Market Cap (₹ Cr.) | 788 |
| Equity (₹ Cr.) | 31.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 34.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 80 | 87 | 84 | 88 | 108 | 92 | 104 | 114 | 130 | 140 |
| Operating Expenses ⓘ | 62 | 74 | 78 | 85 | 98 | 85 | 86 | 98 | 109 | 118 |
| Manufacturing Costs | 9 | 9 | 6 | 8 | 17 | 8 | 5 | 8 | 6 | 10 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 39 | 51 | 56 | 62 | 66 | 66 | 71 | 78 | 92 | 98 |
| Other Costs ⓘ | 13 | 13 | 15 | 15 | 16 | 11 | 10 | 11 | 11 | 11 |
| Operating Profit ⓘ | 19 | 13 | 6 | 4 | 10 | 7 | 18 | 17 | 21 | 22 |
| Operating Profit Margin (%) | 23.3% | 14.9% | 7.0% | 4.2% | 9.2% | 7.9% | 17.6% | 14.6% | 16.1% | 15.4% |
| Other Income ⓘ | 1 | 2 | 3 | 2 | 3 | 2 | 3 | 4 | 4 | 5 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 0 |
| Depreciation ⓘ | 2 | 2 | 1 | 1 | 2 | 6 | 6 | 5 | 4 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | -60 | 0 | -1 | 0 | 2 |
| Profit Before Tax ⓘ | 18 | 14 | 7 | 4 | 10 | -59 | 14 | 15 | 20 | 24 |
| Tax ⓘ | 6 | 5 | 3 | 2 | 3 | 0 | 5 | 4 | 5 | 5 |
| Profit After Tax | 11 | 8 | 4 | 2 | 7 | -59 | 9 | 11 | 15 | 18 |
| PAT Margin (%) | 14.3% | 9.5% | 5.3% | 2.2% | 6.7% | -64.2% | 8.2% | 9.6% | 11.5% | 13.1% |
| Adjusted EPS (₹) | 3.7 | 2.6 | 1.4 | 0.6 | 2.3 | -18.5 | 2.7 | 3.4 | 4.7 | 5.8 |
| Dividend Payout Ratio (%) | 22% | 31% | 58% | 134% | 36% | 0% | 0% | 23% | 17% | 14% |
| 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 | 166 | 172 | 177 | 177 | 182 | 120 | 129 | 141 | 144 | 161 |
| Share Capital ⓘ | 25 | 25 | 25 | 26 | 26 | 26 | 26 | 26 | 25 | 25 |
| Reserves ⓘ | 141 | 147 | 151 | 151 | 156 | 94 | 103 | 115 | 119 | 136 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 9 | 9 | 4 | 6 | 11 | 8 | 7 | 8 | 5 | 6 |
| Others Liabilities ⓘ | 11 | 12 | 11 | 18 | 18 | 25 | 17 | 17 | 15 | 15 |
| Total Liabilities ⓘ | 187 | 193 | 193 | 200 | 211 | 153 | 153 | 166 | 165 | 182 |
Fixed Assets | ||||||||||
| Gross Block | 13 | 13 | 3 | 11 | 17 | 32 | 22 | 26 | 20 | 20 |
| Accumulated Depreciation | 9 | 11 | 1 | 2 | 4 | 10 | 13 | 17 | 13 | 16 |
| Net Fixed Assetsⓘ | 4 | 3 | 1 | 9 | 12 | 22 | 9 | 9 | 7 | 4 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 123 | 123 | 124 | 132 | 138 | 68 | 67 | 67 | 67 | 67 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 19 | 14 | 15 | 19 | 26 | 20 | 26 | 25 | 31 | 34 |
Cash Equivalents  ⓘ
| 18 | 30 | 25 | 13 | 3 | 14 | 31 | 28 | 46 | 62 |
| Others Assetsⓘ | 23 | 22 | 27 | 27 | 31 | 30 | 19 | 36 | 14 | 16 |
| Total Assets ⓘ | 187 | 193 | 193 | 200 | 211 | 153 | 153 | 166 | 165 | 182 |
| 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 ⓘ | 11 | 15 | -5 | 0 | 0 | 6 | 21 | 20 | 10 | 16 |
| PBT ⓘ | 18 | 14 | 7 | 4 | 10 | -59 | 14 | 15 | 20 | 24 |
| Adjustment ⓘ | 1 | 0 | 1 | 3 | 1 | 69 | 5 | 3 | 2 | -1 |
| Changes in Working Capital ⓘ | -1 | 8 | -7 | -2 | -5 | -0 | 2 | 5 | -6 | 1 |
| Tax Paid ⓘ | -6 | -7 | -6 | -5 | -6 | -3 | 0 | -3 | -5 | -8 |
| Cash Flow From Investing Activity ⓘ | -1 | 1 | 2 | -13 | -3 | 12 | -25 | -19 | 6 | -2 |
| Capex | -1 | -1 | -1 | -2 | -1 | -2 | -1 | -1 | -1 | -1 |
| Net Investments | 0 | 0 | 0 | -8 | -2 | 14 | -26 | -20 | 4 | -8 |
| Others ⓘ | 1 | 2 | 2 | -2 | 1 | 0 | 2 | 1 | 3 | 7 |
| Cash Flow From Financing Activityⓘ | -3 | -3 | -1 | -3 | -3 | -8 | -4 | -3 | -15 | -6 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -1 | -1 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -3 | -3 | -3 | -3 | -3 | -3 | 0 | 0 | -3 | -3 |
| Others ⓘ | 0 | 0 | 1 | -1 | 0 | -3 | -3 | -3 | -12 | -3 |
| Net Cash Flow ⓘ | 8 | 13 | -5 | -16 | -7 | 10 | -9 | -3 | 2 | 8 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.16 | 4.85 | 2.52 | 1.08 | 4.01 | -39.25 | 6.85 | 8.15 | 10.43 | 11.95 |
| ROCE (%) | 11.08 | 7.98 | 3.98 | 2.5 | 5.97 | -37.06 | 12.1 | 11.31 | 13.99 | 15.62 |
| Asset Turnover Ratio | 0.45 | 0.46 | 0.43 | 0.45 | 0.52 | 0.51 | 0.68 | 0.72 | 0.78 | 0.81 |
| PAT to CFO Conversion(x) | 1 | 1.88 | -1.25 | 0 | 0 | N/A | 2.33 | 1.82 | 0.67 | 0.89 | Working Capital Days |
| Receivable Days | 66 | 70 | 63 | 69 | 76 | 90 | 80 | 82 | 78 | 84 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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:
Achievements/ recognition:
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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