Mindteck (India) Ltd - Stock Valuation and Financial Performance

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

Mindteck Share Price

355.50 5.05 1.44%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Mindteck

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Mindteck (India) stock performance -

mw4me loader
P/E Ratio (SA):
49.54
Market Cap:
905.1 Cr.
52-wk low:
118.4
52-wk high:
364

Is Mindteck (India) Ltd an attractive stock to invest in?

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 Overvalued zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Mindteck (India) 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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.8%7.5%5%2.7%1.1%3.9%-38%7.5%8.3%10.4%-
Value Creation
Index
-0.4-0.5-0.7-0.8-0.9-0.7-3.7-0.5-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 75.880.286.783.688.410892.3104114130140
Sales YoY Gr.-5.7%8.1%-3.5%5.7%21.7%-14.2%12.6%9.9%13.4%-
Adj EPS 4.84.83.31.80.72.6-23.33.34.35.87.2
YoY Gr.-0.8%-30.6%-44.7%-60.9%259.7%-999.6%NA28.1%34.4%-
BVPS (₹) 62.766.468.369.669.17146.950.354.757.264
Adj Net
Profit
11.7128.44.71.96.6-59.78.61114.518
Cash Flow from Ops. 12.711.414.6-5.30.1-0.56.220.519.710.5-
Debt/CF from Ops. 000-0.20.100000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.1%7.9%12%13.4%
Adj EPS 2.1%51.5%NA34.4%
BVPS-1%-3.7%6.9%4.5%
Share Price 24.6% 54.9% 62.3% 162.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.87.54.92.713.6-38.96.88.110.111.9
Op. Profit
Mgn %
25.624.215.27.54.39.27.917.614.716.115.7
Net Profit
Mgn %
15.4159.75.62.16.2-64.78.29.611.213.1
Debt to
Equity
00000000000
Working Cap
Days
136164165171182176212167169148125
Cash Conv.
Cycle
2723172544394646515599

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.80%

Sales growth is growing at healthy rate in last 3 years 11.95%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 7.91%

Latest Financials - Mindteck (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 7.2 10.7
TTM Sales (₹ Cr.) 140 386
BVPS (₹.) 64 86.9
Reserves (₹ Cr.) 138 196
P/BV 5.55 4.09
PE 49.54 33.14
From the Market
52 Week Low / High (₹) 118.40 / 364.00
All Time Low / High (₹) 0.54 / 541.02
Market Cap (₹ Cr.) 905
Equity (₹ Cr.) 25.5
Face Value (₹) 10
Industry PE 35.1

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales768087848810892104114130
Operating Expenses 566274788598858698109
Manufacturing Costs49968178586
Material Costs0000000000
Employee Cost 39395156626666717892
Other Costs 13131315151611101111
Operating Profit 19191364107181721
Operating Profit Margin (%) 25.6%23.3%14.9%7.0%4.2%9.2%7.9%17.6%14.6%16.1%
Other Income 1123232344
Interest 0000012111
Depreciation 1221126654
Exceptional Items 000000-600-10
Profit Before Tax 1918147410-59141520
Tax 7653230545
Profit After Tax 12118427-5991115
PAT Margin (%) 15.8%14.3%9.5%5.3%2.2%6.7%-64.2%8.2%9.6%11.5%
Adjusted EPS (₹)4.94.63.31.70.82.8-23.13.34.35.9
Dividend Payout Ratio (%)20%22%31%58%134%36%0%0%23%17%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 154166172177177182120129141144
Share Capital 25252525262626262625
Reserves 12914114715115115694103115119
Minority Interest0000000000
Debt0001000000
Long Term Debt0000000000
Short Term Debt0001000000
Trade Payables39946118785
Others Liabilities 10111211181825171715
Total Liabilities 167187193193200211153153166165

Fixed Assets

Gross Block1113133111732222620
Accumulated Depreciation791112410131713
Net Fixed Assets443191222997
CWIP 0000000000
Investments 12312312312413213868676767
Inventories0000000000
Trade Receivables11191415192620262531
Cash Equivalents 1018302513314312846
Others Assets20232227273130193614
Total Assets 167187193193200211153153166165

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 131115-5006212010
PBT 1918147410-59141520
Adjustment 11013169532
Changes in Working Capital -0-18-7-2-5-025-6
Tax Paid -7-6-7-6-5-6-30-3-5
Cash Flow From Investing Activity -2-112-13-312-25-196
Capex -2-1-1-1-2-1-2-1-1-1
Net Investments 0000-8-214-26-204
Others 0122-210213
Cash Flow From Financing Activity -3-3-3-1-3-3-8-4-3-15
Net Proceeds from Shares 0001100000
Net Proceeds from Borrowing 0000000000
Interest Paid 000000-1-100
Dividend Paid 0-3-3-3-3-3-300-3
Others -3001-10-3-3-3-12
Net Cash Flow 7813-5-16-710-9-32
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.037.164.852.521.084.01-39.256.858.1510.43
ROCE (%)12.911.087.983.982.55.97-37.0612.111.3113.99
Asset Turnover Ratio0.470.450.460.430.450.520.510.680.720.78
PAT to CFO Conversion(x)1.0811.88-1.2500N/A2.331.820.67
Working Capital Days
Receivable Days50667063697690808278
Inventory Days0000000000
Payable Days0000000000

Mindteck (India) Ltd Stock News

Mindteck (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mindteck on 12-Jul-2024 16:01 is ₹355.5.
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 12-Jul-2024 16:01 the market cap of Mindteck stood at ₹905.0.
The latest P/E ratio of Mindteck as of 12-Jul-2024 16:01 is 49.54.
The latest P/B ratio of Mindteck as of 12-Jul-2024 16:01 is 5.55.
The 52-week high of Mindteck is ₹364.0 and the 52-week low is ₹118.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mindteck is ₹139.7 ( 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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