Is Mindteck (India) 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 .

Is Mindteck (India) 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 .

What is Mindteck (India) share price return in the past 10 years?

Mindteck (India) Ltd share price has appreciated 26.6% annually (CAGR) over the past ten years.

Is Mindteck (India) 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

What is the P/E ratio of Mindteck (India)?

The latest standalone P/E ratio of Mindteck (India) as of 19-Apr-2024 is 42.74.

What is the P/B ratio of Mindteck (India)?

The latest standalone P/B ratio of Mindteck (India) as of 19-Apr-2024 is 4.77.

What is the 52-week high and low of Mindteck (India)?

The 52-week high of Mindteck (India) is Rs. 319.95 and the 52-week low is Rs. 112.20.

Mindteck (India) Ltd - Stock Valuation and Financial Performance

Name: Mindteck (India)
Brand: Mindteck (India)

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

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Mindteck Share Price

₹307.75 12.90 4.38%
as on 19-Apr'24 11:00

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

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
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 ⓘ	75.8	80.2	86.7	83.6	88.4	108	92.3	104	114	130	137
Sales YoY Gr.	-	5.7%	8.1%	-3.5%	5.7%	21.7%	-14.2%	12.6%	9.9%	13.4%	-
Adj EPS ⓘ	4.8	4.8	3.3	1.8	0.7	2.6	-23.3	3.3	4.3	5.8	6.9
YoY Gr.	-	0.8%	-30.6%	-44.7%	-60.9%	259.7%	-999.6%	NA	28.1%	34.4%	-
BVPS (₹) ⓘ	62.7	66.4	68.3	69.6	69.1	71	46.9	50.3	54.7	57.2	61.8
Adj Net Profit ⓘ	11.7	12	8.4	4.7	1.9	6.6	-59.7	8.6	11	14.5	17
Cash Flow from Ops. ⓘ	12.7	11.4	14.6	-5.3	0.1	-0.5	6.2	20.5	19.7	10.5	-
Debt/CF from Ops. ⓘ	0	0	0	-0.2	0.1	0	0	0	0	0	-

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%	NA	34.4%
BVPSⓘ	-1%	-3.7%	6.9%	4.5%
Share Price	26.6%	51.3%	92.1%	149.4%

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 % ⓘ	7.8	7.5	4.9	2.7	1	3.6	-38.9	6.8	8.1	10.1	11.6
Op. Profit Mgn % ⓘ	25.6	24.2	15.2	7.5	4.3	9.2	7.9	17.6	14.7	16.1	17.6
Net Profit Mgn % ⓘ	15.4	15	9.7	5.6	2.1	6.2	-64.7	8.2	9.6	11.2	12.8
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	136	164	165	171	182	176	212	167	169	148	115
Cash Conv. Cycle ⓘ	27	23	17	25	44	39	46	46	51	55	90

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.60%

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

Sales growth is good in last 4 quarters at 10.11%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Mindteck (India) Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.9	10.4
TTM Sales (₹ Cr.)	137	376
BVPS (₹.) ⓘ	61.8	82.8
Reserves (₹ Cr.) ⓘ	131	185
P/BV ⓘ	4.77	3.56
PE ⓘ	42.74	28.49

From the Market
52 Week Low / High (₹)	112.20 / 319.95
All Time Low / High (₹)	0.54 / 541.02
Market Cap (₹ Cr.)	748
Equity (₹ Cr.)	25.4
Face Value (₹)	10
Industry PE ⓘ	31.5

Management X-Ray of Mindteck:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Mindteck

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Mindteck

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	76	80	87	84	88	108	92	104	114	130
Operating Expenses ⓘ	56	62	74	78	85	98	85	86	98	109
Manufacturing Costs	4	9	9	6	8	17	8	5	8	6
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	39	39	51	56	62	66	66	71	78	92
Other Costs ⓘ	13	13	13	15	15	16	11	10	11	11
Operating Profit ⓘ	19	19	13	6	4	10	7	18	17	21
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 ⓘ	1	1	2	3	2	3	2	3	4	4
Interest ⓘ	0	0	0	0	0	1	2	1	1	1
Depreciation ⓘ	1	2	2	1	1	2	6	6	5	4
Exceptional Items ⓘ	0	0	0	0	0	0	-60	0	-1	0
Profit Before Tax ⓘ	19	18	14	7	4	10	-59	14	15	20
Tax ⓘ	7	6	5	3	2	3	0	5	4	5
Profit After Tax	12	11	8	4	2	7	-59	9	11	15
PAT Margin (%)	15.8%	14.3%	9.5%	5.3%	2.2%	6.7%	-64.2%	8.2%	9.6%	11.5%
Adjusted EPS (₹)	4.9	4.6	3.3	1.7	0.8	2.8	-23.1	3.3	4.3	5.9
Dividend Payout Ratio (%)	20%	22%	31%	58%	134%	36%	0%	0%	23%	17%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	154	166	172	177	177	182	120	129	141	144
Share Capital ⓘ	25	25	25	25	26	26	26	26	26	25
Reserves ⓘ	129	141	147	151	151	156	94	103	115	119
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	1	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	1	0	0	0	0	0	0
Trade Payables	3	9	9	4	6	11	8	7	8	5
Others Liabilities ⓘ	10	11	12	11	18	18	25	17	17	15
Total Liabilities ⓘ	167	187	193	193	200	211	153	153	166	165
Fixed Assets
Gross Block	11	13	13	3	11	17	32	22	26	20
Accumulated Depreciation	7	9	11	1	2	4	10	13	17	13
Net Fixed Assetsⓘ	4	4	3	1	9	12	22	9	9	7
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	123	123	123	124	132	138	68	67	67	67
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	11	19	14	15	19	26	20	26	25	31
Cash Equivalents ⓘ	10	18	30	25	13	3	14	31	28	46
Others Assetsⓘ	20	23	22	27	27	31	30	19	36	14
Total Assets ⓘ	167	187	193	193	200	211	153	153	166	165

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	13	11	15	-5	0	0	6	21	20	10
PBT ⓘ	19	18	14	7	4	10	-59	14	15	20
Adjustment ⓘ	1	1	0	1	3	1	69	5	3	2
Changes in Working Capital ⓘ	-0	-1	8	-7	-2	-5	-0	2	5	-6
Tax Paid ⓘ	-7	-6	-7	-6	-5	-6	-3	0	-3	-5
Cash Flow From Investing Activity ⓘ	-2	-1	1	2	-13	-3	12	-25	-19	6
Capex	-2	-1	-1	-1	-2	-1	-2	-1	-1	-1
Net Investments	0	0	0	0	-8	-2	14	-26	-20	4
Others ⓘ	0	1	2	2	-2	1	0	2	1	3
Cash Flow From Financing Activityⓘ	-3	-3	-3	-1	-3	-3	-8	-4	-3	-15
Net Proceeds from Shares ⓘ	0	0	0	1	1	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	0	-1	-1	0	0
Dividend Paid ⓘ	0	-3	-3	-3	-3	-3	-3	0	0	-3
Others ⓘ	-3	0	0	1	-1	0	-3	-3	-3	-12
Net Cash Flow ⓘ	7	8	13	-5	-16	-7	10	-9	-3	2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	8.03	7.16	4.85	2.52	1.08	4.01	-39.25	6.85	8.15	10.43
ROCE (%)	12.9	11.08	7.98	3.98	2.5	5.97	-37.06	12.1	11.31	13.99
Asset Turnover Ratio	0.47	0.45	0.46	0.43	0.45	0.52	0.51	0.68	0.72	0.78
PAT to CFO Conversion(x)	1.08	1	1.88	-1.25	0	0	N/A	2.33	1.82	0.67
Working Capital Days
Receivable Days	50	66	70	63	69	76	90	80	82	78
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 (India) Ltd Stock News

Mindteck (India) Ltd FAQs

What is the share price of Mindteck?

Company share prices are keep on changing according to the market conditions. The closing price of Mindteck on 19-Apr-2024 11:00 is ₹307.8.

What is the market cap of Mindteck?

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 19-Apr-2024 11:00 the market cap of Mindteck stood at ₹747.5.

What is the P/E ratio of Mindteck?

The latest P/E ratio of Mindteck as of 19-Apr-2024 11:00 is 42.74.

What is the P/B ratio of Mindteck?

The latest P/B ratio of Mindteck as of 19-Apr-2024 11:00 is 4.77.

What is the 52-week high and low of Mindteck?

The 52-week high of Mindteck is ₹319.9 and the 52-week low is ₹112.2.

What is the TTM revenue of Mindteck?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mindteck is ₹137.2 ( 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: