Mindteck (India) Ltd Stock Analysis

BSE: 517344 | NSE: MINDTECK | IT - Software | Small Cap

BSE Share Price 09-Dec-2022 11:31
140.35 0.80 (0.57%)

DeciZen - Make an Informed Decision on Mindteck

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Mindteck Price Chart

P/E Ratio (SA) :
27.27
Market Cap :
355.7 Cr.
52-wk low :
96.3
52-wk high :
294.6
Bole Toh?

1. Is Mindteck (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mindteck (India) Ltd is a below average quality company.

2. Is Mindteck (India) Ltd undervalued or overvalued?

The key valuation ratios of Mindteck (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Mindteck (India) Ltd a good buy now?

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

10 Year X-Ray of Mindteck:

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.
Mindteck (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 1.9%7.8%7.5%5%2.7%1.1%3.9%-38%7.5%8.3%-
Value Creation Index -0.9-0.4-0.5-0.7-0.8-0.9-0.7-3.7-0.5-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5875.880.286.783.688.410892.3104114121
YoY Gr. Rt. %-30.7%5.7%8.1%-3.5%5.7%21.7%-14.2%12.6%9.9%-
Adj EPS 1.14.84.83.31.80.72.6-23.33.34.35.1
YoY Gr. Rt. %-349.1%0.8%-30.6%-44.7%-60.9%259.7%-999.6%NA28.1%-
BVPS (₹) 59.162.766.468.369.669.17146.950.354.756.9
Adj Net Profit 2.611.7128.44.71.96.6-59.78.61113
Cash Flow from Ops. -2.112.711.414.6-5.30.1-0.56.220.519.7-
Debt/CF from Ops. -1.5000-0.20.10000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.8%6.4%2%9.9%
Adj EPS 16.8%18.4%18.2%28.1%
BVPS -0.9-4.7-8.38.8
Share Price 23% 13.7% 69.6% -7.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1.87.87.54.92.713.6-38.96.88.19.2
Op. Profit Mgn % 8.225.624.215.27.54.39.27.917.614.714.9
Net Profit Mgn % 4.515.4159.75.62.16.2-64.78.29.610.8
Debt to Equity 00000000000
Working Cap Days 159136164165171182176212167169138
Cash Conv. Cycle 3327231725443946465184

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.20%

Net Profit is growing at healthy rate in last 3 years 18.23%

Sales growth is good in last 4 quarters at 12.43%

Sales growth has been subdued in last 3 years 2.01%

Latest Financials - Mindteck (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 5.1 6.8
TTM Sales (₹ Cr.) 121 315
BVPS (₹.) 56.9 72.4
Reserves (₹ Cr.) 119 159
P/BV 2.45 1.93
PE 27.27 20.64
From the Market
52 Week Low / High (₹) 96.30 / 294.60
All Time Low / High (₹) 0.54 / 541.02
Market Cap (₹ Cr.) 356
Equity (₹ Cr.) 25.5
Face Value (₹) 10
Industry PE 30

Management X-Ray of Mindteck :

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 Mindteck

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Mindteck (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mindteck on 09-Dec-2022 11:31 is : 140.3.
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 09-Dec-2022 11:31 the market cap of Mindteck stood at ₹ 355.7.
The latest PE ratio of Mindteck as of 09-Dec-2022 11:31 is 27.27.
The latest PB ratio of Mindteck as of 09-Dec-2022 11:31 is 2.45
The 52-week high of Mindteck is ₹ 294.6 and the 52-week low is ₹ 96.30.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Mindteck is ₹ 120.8 ( Cr.) .

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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