MarketFriction

Mastek Ltd

NSE MASTEK · BSE 523704 · Computers - Software & Consulting
₹1,555.60 -0.46%
NSE close2026-10-01
52 week range1,334.20 - 2,369.00
Market cap₹4,724 Cr.
P/E10.8
Microcap 250 Price band 20% Delivery 37.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales766784780813867870905915940906938985
Expenses642651655689724729767777795754787834
Operating Profit123134125124143141139137146152151151
OPM %16%17%16%15%16%16%15%15%15%17%16%15%
Other Income13541713-5111514012
Interest13139911121099777
Depreciation212227202017191818181818
Profit before tax901029499129126106121134141125138
Tax %28%24%-1%28%0%25%23%24%27%23%15%24%
Net Profit6578947212995819297108106106
EPS in Rs20.5024.5629.8523.1841.6830.6726.2029.7531.4634.9634.2434.15
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5275608171,0331,0711,7222,1842,5633,0553,4553,6993,769
Expenses5095157189029161,3571,7212,1082,5462,9093,1133,170
Operating Profit1845100132156364463456509546586600
OPM %3.5%8%12%13%15%21%21%18%17%16%16%16%
Other Income151221251728366412304042
Interest04664882544423230
Depreciation161519172545436790757373
Profit before tax163996133144339448427386459521539
Tax %17%17%27%24%21%26%26%27%19%18%22%
Net Profit143270101114252333310311376404418
EPS in Rs5.9713.8629.5342.3344.8282.9798.3295.9997.36121.50130.33134.81
Dividend Payout %42%25%20%20%18%17%19%20%20%19%18%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth22%17%13%6%
Compounded Profit Growth42%15%15%12%
Stock Price CAGR30%-13%-14%-31%
Return on Equity17%18%16%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111212121212131515151516
Reserves5853084575377047788461,0561,6682,0722,4472,976
Borrowings290667070335273203404519583438
Other Liabilities2071081702021797631,1461,1931,0241,045758863
Total Liabilities8324287058219661,8882,2772,4673,1113,6523,8034,293
Fixed Assets279661801791678578078411,7401,9501,8181,938
CWIP100212247122
Investments5450274284396276234666994178234
Other Assets4983122513564017541,2351,5561,2961,6071,8052,119
Total Assets8324287058219661,8882,2772,4673,1113,6523,8034,293
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5932436575184287273108420396542
Cash from Investing Activity-28-84-127-18-54-262218-26-719-249-2602
Cash from Financing Activity22-465-7-16205-118-128932-57-300
Net Cash Flow53-57-20405127387119-51917380244
Free Cash Flow1020315060169276237126391378515
CFO/OP121%199%102%74%80%149%92%83%53%104%95%121%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days4867557874108797372675557
Inventory Days
Days Payable
Cash Conversion Cycle4867557874108797372675557
Working Capital Days25382915384-35-2034-12819
ROCE %5%3%10%17%19%16%26%32%23%18%17%18%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters36.50%36.48%36.26%36.25%36.24%36.23%35.97%35.96%35.79%35.78%35.77%35.77%
FIIs13.93%14.10%14.40%14.03%8.14%9.40%10.00%11.05%11.24%10.27%8.03%7.45%
DIIs5.99%6.41%7.07%7.10%10.41%9.27%9.84%10.52%11.52%12.65%19.02%19.86%
Public43.56%43.01%42.26%42.59%45.22%45.09%44.19%42.47%41.45%41.31%37.18%36.94%
No. of Shareholders94,08190,28484,94991,45688,6761,06,6081,03,79898,0131,00,78097,54188,91890,431

Fundamentals

Market Cap₹ 4,724 Cr.
Current Price₹ 1,523
Stock P/E10.8
Book Value₹ 965
ROCE17.7 %
ROE15.3 %
Dividend Yield1.58 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)12%
Consolidated figures.
Valuation
Market capRs 4,822 Cr
Enterprise valueRs 4,555 Cr
P/E (TTM)11.54x
Price to book1.61x
Price to sales1.28x
EV / EBITDA7.10x
EV / EBIT8.01x
EV / sales1.21x
Price to cash flow8.90x
Earnings yield8.67%
Dividend yield1.54%
P/E, 3-year average18.12x
P/B, 3-year average2.63x
P/E, 5-year average20.84x
P/B, 5-year average4.00x
Profitability
Operating margin (excl. other income)15.83%
Operating margin (incl. other income)16.92%
EBITDA margin17.02%
Pre-tax margin14.30%
Net profit margin11.09%
Net margin, latest quarter10.75%
ROE14.81%
ROCE17.09%
ROA9.98%
ROE, 3-year average15.76%
ROCE, 3-year average17.72%
ROA, 3-year average9.65%
ROE, 5-year average19.82%
ROCE, 5-year average23.59%
ROA, 5-year average10.38%
ROIC (approx.)16.18%
Tax rate22.49%
Other income / net worth1.35%
Growth
Sales growth (latest year)7.05%
Profit growth (latest year)7.47%
Sales CAGR, 3 years13.00%
Sales CAGR, 5 years16.52%
Profit CAGR, 3 years11.30%
Profit CAGR, 5 years14.05%
Sales growth QoQ5.04%
Profit growth QoQ-0.25%
Sales growth YoY (latest quarter)7.71%
Profit growth YoY (latest quarter)15.02%
Per share
EPS (TTM)Rs 134.80
EPS (latest year)Rs 130.33
EPS (latest quarter)Rs 34.16
EPS, 3-year averageRs 116.40
EPS, 5-year averageRs 108.70
Book value per shareRs 965.20
Sales per shareRs 1,216.01
Cash flow per shareRs 174.75
Free cash flow per shareRs 166.14
Dividend per share (latest year)Rs 24.00
Dividend per share, 3-year averageRs 22.00
Dividend per share, 5-year averageRs 20.80
Dividends
Dividend payout18.42%
Dividend payout, 3-year average18.95%
Dividend payout, 5-year average19.20%
Efficiency
Asset turnover0.86x
Fixed asset turnover1.91x
Debtor days57 days
Debtors turnover6.38x
Cash conversion cycle57 days
Working capital days19 days
Leverage
Total debtRs 438 Cr
Cash and bankRs 705 Cr
Net debtRs -267 Cr
Debt to equity0.15x
Net debt / EBITDA-0.42x
Interest coverage19.06x
Current ratio (filing 2026-03-31)2.16x
Quick ratio (filing 2026-03-31)2.16x
Trade payables (filing 2026-03-31)Rs 206 Cr
Owners' fund to total sources69.69%
Debt to assets10.21%
Cash flow
Cash from Operating Activity (latest year)Rs 542 Cr
Cash from Investing Activity (latest year)Rs 2 Cr
Cash from Financing Activity (latest year)Rs -300 Cr
Net Cash Flow (latest year)Rs 244 Cr
Free cash flow (latest year)Rs 515 Cr
FCFE (approx.: FCF + change in debt)Rs 370 Cr
Cash from ops / profit, 5 years1.00x
Sales to cash flow6.83x
Statement figures
Net sales (TTM)Rs 3,769 Cr
Net sales (latest year)Rs 3,699 Cr
Sales (latest quarter)Rs 985 Cr
Operating profit excl. other income (latest year)Rs 586 Cr
Operating profit (latest quarter)Rs 151 Cr
Other income (TTM)Rs 42 Cr
EBITDA (TTM)Rs 641 Cr
PBDT (TTM)Rs 612 Cr
Profit before tax (TTM)Rs 539 Cr
Tax (latest year)Rs 117 Cr
Net profit (TTM)Rs 418 Cr
Net profit (latest year)Rs 404 Cr
Net profit (latest quarter)Rs 106 Cr
Depreciation (TTM)Rs 73 Cr
Depreciation (latest quarter)Rs 18 Cr
Interest (TTM)Rs 30 Cr
Cost of goods sold (latest year)Rs 74 Cr
Total expenditure (latest year)Rs 3,113 Cr
Total income (latest year)Rs 3,739 Cr
Share capitalRs 16 Cr
ReservesRs 2,976 Cr
Shareholders' fundsRs 2,992 Cr
Total assetsRs 4,293 Cr
Net blockRs 1,938 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 234 Cr
ReceivablesRs 580 Cr
Other liabilitiesRs 863 Cr
Shares outstanding (crore)3.10
Ownership
Promoter holding35.77% (-0.19 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 11.5 is at the 8th percentile of its own 9.4-year range (median 21.6, low 5.8, high 57.4).
P/B 1.61 is at the 6th percentile (median 3.39).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMASTEKNifty 50Difference
1 week+0.8%-2.8% +3.6 pts
1 month-13.7%-6.8% -6.9 pts
3 months-4.1%-7.6% +3.6 pts
6 months+15.9%+0.4% +15.5 pts
1 year-28.6%-9.9% -18.7 pts
2 years-41.0%-13.6% -27.4 pts
3 years-35.2%+14.2% -49.3 pts
5 years-49.0%+27.9% -76.9 pts
26 mutual fund schemes hold about ₹965 Cr. Over three months 13 bought more and 4 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Small Cap Fund0.66%276 +29%
Bandhan Small Cap Fund0.57%195 +33%
ICICI Pru Technology Fund1.29%176 +5%
Tata Digital India Fund0.98%100 +2%
Bandhan Large & Mid Cap Fund0.27%56 +2%
Aditya Birla SL Digital India Fund0.95%39 -0%
Aditya Birla SL Business Cycle Fund2.03%37 +100%
Motilal Oswal Digital India Fund3.40%32 -1%
Tata Multicap Fund0.45%16 +10%
WOC Flexi Cap Fund0.13%12 +2%
Motilal Oswal Nifty Microcap 250 Index Fund0.29%7 +6%
WOC Multi Cap Fund0.14%6 +1%
ICICI Pru Retirement Fund-Pure Equity Plan0.20%4 +6%
WOC Digital Bharat Fund0.82%4 -6%
Quantum Small Cap Fund0.88%2 +4%
Motilal Oswal Services Fund1.32%2 +3%
WOC ELSS Tax Saver Fund0.16%1 +7%
WOC Balanced Hybrid Fund0.09%0 +10%
Groww Nifty Total Market Index Fund0.01%0 +13%
Angel One Nifty Total Market Index Fund0.01%0 +13%
Mirae Asset Nifty Total Market Index Fund0.01%0 +13%
Bandhan Nifty Total Market Index Fund0.01%0 +13%
Motilal Oswal BSE 1000 Index Fund0.01%0 +12%
ICICI Pru Multi Cap Fund0.00%0 -100%
ICICI Pru Multi Cap Fund0.00%0 -100%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-15Bandhan Mutual FundAcquirerbuy18,000SAST Open Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹985 Cr +7.7% vs Jun 2025. Net profit ₹106 Cr +15.2%.
Against our estimate for Jun 2026: sales +3.6%, profit +3.2% in line. Our estimate for Sep 2026: sales Rs 993 Cr, profit Rs 110 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-31Dividend - Rs 16 Per Share
2026-01-30Interim Dividend - Rs 8 Per Share
2025-09-12Dividend - Rs 16 Per Share
2025-01-24Interim Dividend - Rs 7 Per Share
2024-09-17Dividend - Rs 12 Per Share
2024-09-17Annual General Meeting
2024-01-25Interim Dividend - Rs 7 Per Share
2023-09-18Annual General Meeting/Dividend - Rs 12 Per Share
2023-02-01Interim Dividend - Rs 7 Per Share
2022-09-08Annual General Meeting/Dividend - Rs 12 Per Share
2022-01-31Interim Dividend - Rs 7 Per Share
2021-09-23 Annual General Meeting/Dividend - Rs 9 Per Share
2020-11-09 Interim Dividend - Rs 5.50 Per Share
2020-10-22 Annual General Meeting
2020-03-23 Interim Dividend - Rs 5 Per Share
2019-10-24 Interim Dividend - Rs 3 Per Sh
2019-07-11 Annual General Meeting/Dividend - Rs 5 Per Share
2018-11-06 Interim Dividend - Rs 3.50 Per Share
2018-07-11 Annual General Meeting/Dividend Rs- 4 Per Share
2017-11-07 Interim Dividend - Rs 2/- Per Share
2017-06-14 Annual General Meeting/Dividend - Rs 2.50 Per Share
2016-11-01 Interim Dividend -Re 1/- Per Share
2016-07-14 Annual General Meeting
2016-03-22 Interim Dividend - Re 1/- Per Share
2016-01-28 Interim Dividend-Rs 1.50/- Per Share
2015-08-06Annual General Meeting/Dividend - Re 1/- Per Share (Book Closure Dates Revised)
2015-06-12Scheme Of Arrangement
2015-06-12Inferred from price: close fell to 0.340x overnight, no NSE action on record0.3333
2015-02-03Interim Dividend - Rs 1.50/- Per Share
2014-07-04Annual General Meeting / Final Dividend - Rs 2.75/- Per Share
2013-11-05Interim Dividend Rs.1.75 Per Share (Purpose Revised)
2013-07-04Annual General Meeting / Dividend Rs.3/- Per Equity Share
2012-09-24Annual General Meeting
2011-09-14Annual General Meeting
2010-09-21Annual General Meeting And Final Dividend Rs.1.25 Per Share
2010-01-15Int Div-Rs.2/- Per Share Purpose Revised
2009-09-22Agm/Div-Rs.7.50 Per Share
2009-01-15Int Div-Rs.2.50 Per Sharepurpose Revised
2008-09-25Agm/Dividend-130%
2008-01-15Int Div-Rs.3.50 Per Sharepurpose Revised
2007-09-27Agm/Fin Div-Rs4.50 Per Sh
2007-01-16Int Div-Rs.3/- Per Share Purpose Revised
2006-09-28Agm/Div-Rs.3.50/- Per Sh
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Mastek Ltd?

Mastek Ltd (MASTEK) has a market capitalisation of Rs 4,724 Cr. at the 2026-10-01 close.

What is the P/E ratio of Mastek Ltd?

Mastek Ltd trades at a P/E of 10.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Mastek Ltd's latest quarterly results?

In the Jun 2026 quarter, Mastek Ltd sales was Rs 985 Cr (+7.7% vs Jun 2025) and net profit was Rs 106 Cr.

What is the 52-week high and low of Mastek Ltd?

The 52-week high is Rs 2,369.00 and the 52-week low is Rs 1,334.20.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03