SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Mindteck (India) Ltd (MINDTECK)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517344 NSE: MINDTECK IT - Software | Small Cap | Mindteck Share Price

₹210.95 -0.10 (-0.05%)

As on 18-Jun'26 16:59

Mindteck (India) Ltd (MINDTECK)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517344 NSE: MINDTECK IT - Software | Small Cap | Mindteck Share Price

₹210.95 -0.10 (-0.05%)

As on 18-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹674 Cr.
Current Price
₹211
52-Week Low / High
₹146 / 307
TTM EPS
₹5.5
TTM Sales
₹150 Cr.
Book Value per Share
₹63.9
P/E Ratio
38.76
Higher than its 5-year historical median
Industry PE
21.8
Price to Book (P/B)
3.30
In line with its 5-year historical median
Price to Sales (P/S)
4.51
Higher than its 5-year historical median
EV/EBITDA
17.35
In line with its 5-year historical median
Dividend Yield
0.47%
Profitability Efficiency
Return on Equity (ROE)
10.82%
Outperforms industry median
Return on Capital Employed (ROCE)
14.49%
Outperforms industry median
Return on Assets (ROA)
9.51%
Operating Profit Margin
15.8%
Net Profit Margin
12.13%
Gross Profit Margin
19%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.02%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
14.13%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.01%
Asset Quality
Promoter Holding
64.20%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹172 Cr.
Equity
₹32 Cr.
Face Value
₹10
All Time Low / High
₹0.43 / 432.81

Mindteck (India) stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 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?
Q.1 Revenue growth of Mindteck (India) Ltd vs industry peers?
Mindteck (India) Ltd revenue CAGR is 10.93%, compared to the industry median CAGR of 2.48%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 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 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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8%4%2.5%6%-37.1%12.1%11.3%14%15.6%14.5%-
Value Creation
Index
-0.4-0.7-0.8-0.6-3.7-0.1-0.2-00.10.0-

Growth Parameters

Sales 86.783.688.410892.3104114130140155150
Sales YoY Gr.--3.5%5.7%21.7%-14.2%12.6%9.9%13.4%7.9%11%-
Adj EPS 2.71.50.62.1-18.62.73.44.65.75.85.5
YoY Gr.--44.6%-60.8%256.9%-1000.5%NA28.1%34.5%23.9%2.5%-
BVPS (₹) 54.755.755.356.837.540.243.845.750.958.563.9
Adj Net
Profit
8.44.71.96.6-59.78.61114.518.118.617
Cash Flow from Ops. 14.6-5.30.1-0.56.220.519.710.515.816-
Debt/CF from Ops. 0-0.20.10000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.7%10.9%10.7%11%
Adj EPS 9.1%NA19.5%2.5%
BVPS0.8%9.3%10.2%15%
Share Price 12.2% 29.9% 25.3% -11.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
4.92.713.6-38.96.88.110.111.710.68.9
Op. Profit
Mgn %
15.27.54.39.27.917.614.716.115.415.816.8
Net Profit
Mgn %
9.75.62.16.2-64.78.29.611.212.91211.6
Debt to
Equity
00000000000
Working Cap
Days
165171182176212167169148121147168
Cash Conv.
Cycle
17254439464651556663139

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales87848810892104114130140155
Operating Expenses > + 74788598858698109118131
Manufacturing Costs9681785861018
Material Costs0000000000
Employee Cost 515662666671789298100
Other Costs > 13151516111011111113
Operating Profit > 13641071817212225
Operating Profit Margin (%) 14.9%7.0%4.2%9.2%7.9%17.6%14.6%16.1%15.4%15.8%
Other Income > + 2323234455
Exceptional Items > 0000-600-1020
Interest > 0001211101
Depreciation > 2112665445
Profit Before Tax > 147410-591415202425
Tax > 5323054556
Profit After Tax 8427-59911151819
PAT Margin (%) 9.5%5.3%2.2%6.7%-64.2%8.2%9.6%11.5%13.1%12.1%
Adjusted EPS (₹)2.61.40.62.3-18.52.73.44.75.85.9
Dividend Payout Ratio (%)30.70%57.70%134.10%35.60%0%0%23.40%17%13.90%17%

Valuation of Mindteck - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 172177177182120129141144161187
Share Capital 25252626262626252532
Reserves 14715115115694103115119136155
Debt +0100000000
Long Term Debt0000000000
Short Term Debt0100000000
Minority Interest0000000000
Trade Payables94611878567
Others Liabilities 12111818251717151520
Total Liabilities 193193200211153153166165182214

Fixed Assets

Net Fixed Assets +319122299749
Gross Block1331117322226202020
Accumulated Depreciation11124101317131611
CWIP 0000000000
Investments 123124132138686767676767
Inventories0000000000
Trade Receivables14151926202625313436
Cash Equivalents 3025133143128466261
Others Assets 22272731301936141641
Total Assets 193193200211153153166165182214

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 15-50-062120101616
PBT 147410-591415202425
Adjustment -013169532-12
Changes in Working Capital 8-7-2-5-025-61-5
Tax Paid -7-6-5-6-30-3-5-8-6
Cash Flow From Investing Activity + 12-13-312-25-196-2-4
Capex -1-1-2-1-2-1-1-1-1-1
Net Investments 00-8-214-26-204-8-14
Others 22-210213711
Cash Flow From Financing Activity + -3-1-3-3-8-4-3-15-6-4
Net Proceeds from Shares 0110000002
Net Proceeds from Borrowing 0000000000
Interest Paid 00-00-1-1-0-0-0-0
Dividend Paid -3-3-3-3-3-0-0-3-3-2
Others 01-1-0-3-3-3-12-3-3
Net Cash Flow 13-5-16-710-9-3287

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.852.521.084.01-39.256.858.1510.4311.9510.82
ROCE (%)7.983.982.55.97-37.0612.111.3113.9915.6214.49
Asset Turnover Ratio0.460.430.450.520.510.680.720.780.810.78
PAT to CFO Conversion(x)1.88-1.250-0N/A2.331.820.670.890.84
Working Capital Days
Receivable Days69.6063.5069.5076.209080.3081.7078.3083.9082.20
Inventory Days0000000000
Payable Days0000000000

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mindteck (India) Ltd FAQs

The current trading price of Mindteck on 18-Jun-2026 16:59 is ₹210.9.

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 17-Jun-2026 the market cap of Mindteck stood at ₹674.4 Cr

The latest P/E ratio of Mindteck as of 17-Jun-2026 is 38.76.

The latest P/B ratio of Mindteck as of 17-Jun-2026 is 3.30.

The 52-week high of Mindteck 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 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 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.

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.   
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: