Mindteck

₹314.8 -9.3 | 2.9%

WEBSITE BSE:517344 NSE : MINDTECK (I) 18 May, 12:50

Market Cap ₹798 Cr.

Stock P/E 28.8

P/B 3.8

Current Price ₹314.8

Book Value ₹ 82.8

Face Value 10

52W High ₹352.4

Dividend Yield 0.32%

52W Low ₹ 112.2

Edit Ratio

Mindteck Research see more...

Overview Inc. Year: 1991Industry: IT - Software

Mindteck (India) Limited is a international generation company, which is engaged in supplying software program, statistics era (IT)-enabled and related offerings. The Company gives product engineering and records technology offerings to startups, universities, and authorities entities around the world, among others. Its segments are Software services and IT-enabled offerings. Its geographical segments are USA, India and Rest of the arena. Its services include IV and V and certifications; product engineering, reengineering and sustenance; information middle transformation and IT infrastructure management; application development and machine integration; IT talent, and transition care. It serves a number of industries, along with healthcare, life sciences and medical devices; manufacturing and commercial automation; semiconductor; storage, and electricity. The Company's worldwide footprint spans america, India, Europe and the Middle East, among others.

Mindteck Share Price

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Price

Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Mindteck Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	76	74	81	84	83	89	93	98	96	98
Other Income	1	2	1	1	1	1	2	2	2	2
Total Income	77	75	83	85	84	90	95	100	97	100
Total Expenditure	70	69	75	78	75	82	86	90	87	90
Operating Profit	7	6	8	7	8	8	9	10	10	9
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	5	5	6	6	7	7	8	9	9	8
Provision for Tax	1	2	1	1	2	1	2	2	2	1
Profit After Tax	4	3	5	5	6	5	6	7	7	6
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	4	3	5	5	6	5	6	7	7	6
Adjusted Earnings Per Share	1.8	1.2	2	1.9	2.2	2.2	2.5	3	2.9	2.6

Mindteck Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	264	329	319	312	342	297	299	276	287	299	337	385
Other Income	1	1	1	2	3	2	5	3	5	6	4	8
Total Income	266	330	320	314	344	299	304	279	291	305	341	392
Total Expenditure	262	300	290	291	331	296	297	273	267	279	310	353
Operating Profit	4	30	30	23	14	3	7	6	24	26	32	38
Interest	0	0	0	0	0	1	1	2	2	1	1	0
Depreciation	1	1	2	2	2	1	2	7	6	5	5	4
Exceptional Income / Expenses	0	0	0	0	0	-2	0	-61	0	18	0	0
Profit Before Tax	3	29	28	21	11	-0	4	-64	16	38	26	34
Provision for Tax	1	10	9	-5	2	6	2	1	5	5	5	7
Profit After Tax	1	19	19	26	9	-6	3	-65	11	33	21	26
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	19	19	26	9	-6	3	-65	11	33	21	26
Adjusted Earnings Per Share	0.4	7.6	7.8	10.5	3.7	-2.2	1.1	-25.7	4.3	13.2	8.4	11

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	13%	7%	3%	2%
Operating Profit CAGR	23%	75%	61%	23%
PAT CAGR	-36%	0%	0%	36%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	161%	83%	54%	26%
ROE Average	11%	14%	0%	4%
ROCE Average	15%	17%	3%	7%

Mindteck Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	129	147	164	189	197	192	195	130	140	176	191
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	4	4	4	4	-2	4	8	14	4	4	1
Total Current Liabilities	36	44	51	36	41	37	34	37	59	46	46
Total Liabilities	169	194	219	230	236	233	237	181	202	225	238
Fixed Assets	90	92	92	91	89	96	100	50	38	38	35
Other Non-Current Assets	13	15	14	13	12	14	15	18	10	28	8
Total Current Assets	66	88	112	126	135	123	122	114	155	160	196
Total Assets	169	194	219	230	236	233	237	181	202	225	238

Mindteck Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	11	8	15	34	51	39	28	10	29	51	50
Cash Flow from Operating Activities	-6	14	23	18	-12	4	-13	15	34	22	13
Cash Flow from Investing Activities	-1	-2	-1	1	1	-12	-2	12	-25	-20	-10
Cash Flow from Financing Activities	4	-4	-3	-3	-1	-3	-3	-9	13	-3	-15
Net Cash Inflow / Outflow	-3	8	19	16	-11	-12	-18	18	22	-2	-12
Closing Cash & Cash Equivalent	8	15	34	51	39	28	10	29	51	50	41

Mindteck Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.43	7.58	7.79	10.47	3.72	-2.24	1.09	-25.7	4.31	13.17	8.35
CEPS(Rs)	0.87	7.94	8.58	11.21	4.4	-1.73	1.84	-22.91	6.84	15.15	10.18
DPS(Rs)	0	1	1	1	1	1	1	0	0	1	1
Book NAV/Share(Rs)	52.21	59.57	66.04	76.15	77.87	74.88	76.08	50.7	54.78	68.77	76.15
Core EBITDA Margin(%)	1	8.81	9.14	6.64	3.21	0.43	0.88	1.26	6.84	6.51	8.05
EBIT Margin(%)	1.14	8.82	8.81	6.77	3.48	0.14	1.79	-22.38	6.2	13.05	8.02
Pre Tax Margin(%)	0.95	8.68	8.71	6.67	3.36	-0.04	1.46	-23.2	5.63	12.75	7.72
PAT Margin (%)	0.4	5.66	6.01	8.32	2.72	-1.9	0.92	-23.47	3.79	11.15	6.17
Cash Profit Margin (%)	0.81	5.93	6.63	8.9	3.22	-1.47	1.55	-20.92	6.02	12.83	7.51
ROA(%)	0.65	10.24	9.3	11.56	3.98	-2.41	1.17	-30.96	5.66	15.59	8.96
ROE(%)	0.84	13.57	12.42	14.76	4.85	-2.95	1.44	-40.55	8.17	21.35	11.43
ROCE(%)	2.33	20.73	18.11	11.96	6.14	0.22	2.77	-38.03	12.37	23.39	14.74
Receivable days	55.73	57.46	67.79	70.09	68.48	78.42	78.06	84.45	79.89	86.18	85.89
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	32.39	3.7	8.2	7.87	21.01	0	33.86	0	9.6	9.95	12.41
Price/Book(x)	0.27	0.47	0.97	1.08	1	0.7	0.48	0.27	0.75	1.9	1.36
Dividend Yield(%)	0	3.57	1.56	1.21	1.28	1.92	2.72	0	0	0.76	0.96
EV/Net Sales(x)	0.12	0.16	0.39	0.49	0.46	0.34	0.27	0.02	0.16	0.85	0.47
EV/Core EBITDA(x)	7.52	1.79	4.09	6.69	11.56	29.93	11.35	0.91	1.85	9.84	5
Net Sales Growth(%)	18.73	24.4	-2.94	-2.36	9.64	-13.12	0.87	-7.78	3.84	4.21	12.7
EBIT Growth(%)	206.88	862.14	-3.09	-24.95	-43.74	-96.38	1146.51	-1253.17	128.77	119.35	-30.79
PAT Growth(%)	120.95	1656.77	3.13	35.07	-64.18	-160.83	148.5	-2464.96	116.76	206.72	-37.65
EPS Growth(%)	120.89	1653.31	2.78	34.47	-64.48	-160.25	148.5	-2464.9	116.76	205.63	-36.54
Debt/Equity(x)	0.03	0	0	0	0.01	0	0	0	0.13	0	0
Current Ratio(x)	1.83	2.01	2.21	3.46	3.26	3.34	3.64	3.04	2.64	3.49	4.22
Quick Ratio(x)	1.83	2.01	2.21	3.46	3.26	3.34	3.64	3.04	2.64	3.49	4.22
Interest Cover(x)	6.08	59.72	90.73	65.22	30.73	0.78	5.36	-27.35	10.78	42.39	26.72
Total Debt/Mcap(x)	0.12	0	0	0	0.01	0	0	0	0.17	0	0

Mindteck Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	63.91	63.9	63.84	63.79	64.4	65.04	65.01	64.93	64.91	64.83
FII	0.38	0.21	0.3	0.24	0.22	0.2	0.21	0.2	0.2	0.33
DII	0	0	0	0	0	0	0	0	0	0
Public	35.71	35.89	35.85	35.97	35.38	34.76	34.78	34.87	34.88	34.84
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64
FII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	0.92	0.92	0.92	0.93	0.9	0.88	0.88	0.88	0.88	0.88
Others	0	0	0	0	0	0	0	0	0	0
Total	2.57	2.57	2.57	2.58	2.55	2.53	2.53	2.53	2.53	2.53

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 14% over the last 3 years.
Stock is trading at 3.8 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.