MarketFriction

Mindteck (India) Ltd

NSE MINDTECK · BSE 517344 · Computers - Software & Consulting
₹150.93 -1.45%
NSE close2026-10-01
52 week range145.13 - 307.68
Market cap₹488 Cr.
P/E14.8
Results 04-11 Price band 20% Delivery 65.0%

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
Sales98.4795.7597.90108.15108.23104.02104.02101.30101.63100.46103.91104.08
Expenses89.7187.2190.3799.1599.6494.9295.4591.6894.4290.0193.2595.95
Operating Profit8.768.547.539.008.599.108.579.627.2110.4510.668.13
OPM %8.90%8.92%7.69%8.32%7.94%8.75%8.24%9.50%7.09%10.40%10.26%7.81%
Other Income1.601.521.660.231.751.832.002.654.02-3.083.082.83
Interest0.220.220.190.180.190.370.360.340.290.250.200.22
Depreciation1.101.111.141.131.141.241.171.171.151.141.111.12
Profit before tax9.048.737.867.929.019.329.0410.769.795.9812.439.62
Tax %18.03%17.64%17.56%19.44%15.98%14.91%24.78%18.68%22.78%15.55%18.26%13.10%
Net Profit7.417.196.486.387.577.936.808.757.565.0510.168.36
EPS in Rs2.342.282.042.012.382.492.132.742.371.583.182.62
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales312342297299276287299337386424407410
Expenses291331296295272267278310353389369374
Operating Profit211114420212732353836
OPM %7%3.2%0.4%1.5%1.6%7%7%8%8%8%9%9%
Other Income2303-5952346677
Interest001122111111
Depreciation221276554555
Profit before tax2111-04-6416382634353938
Tax %-25%19%4,608%37%1%33%13%20%19%19%19%
Net Profit269-63-6511332127293231
EPS in Rs8.232.93-1.770.86-20.253.3910.386.578.628.999.869.75
Dividend Payout %10%27%-45%92%0%0%8%12%9%11%10%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth3%7%7%-2%
Compounded Profit Growth3%26%18%6%
Stock Price CAGR9%17%5%-35%
Return on Equity4%12%13%12%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital252525252525252525253232
Reserves139165172167170104115150166196228272
Borrowings00100132686274
Other Liabilities564243444442414646525462
Total Liabilities219231240236239184207229243276322370
Fixed Assets9291909710151383836333833
CWIP000000000000
Investments00081400000056
Other Assets127140150130125133169191207243284280
Total Assets219231240236239184207229243276322370
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2317-124-1315342213222426
Cash from Investing Activity-111-12-213-25-19-7-12-5-28
Cash from Financing Activity-3-2-1-3-3-913-3-15-21-7
Net Cash Flow1916-11-11-181922-0-9820-8
Free Cash Flow2117-131-1413332111212326
CFO/OP100%113%-53%716%-135%412%172%123%69%93%89%92%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days7168757186758789938887102
Inventory Days
Days Payable
Cash Conversion Cycle7168757186758789938887102
Working Capital Days314658577962244553545366
ROCE %18%12%6%1%3%-1%12%12%14%16%16%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters64.93%64.91%64.83%64.61%64.49%64.49%64.36%64.20%64.20%64.20%64.20%64.20%
FIIs0.20%0.20%0.33%0.22%0.04%0.02%0.18%0.00%0.00%0.07%0.01%0.06%
DIIs0.00%0.00%0.00%0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public33.23%33.23%33.92%35.15%35.47%35.49%35.46%35.79%35.79%35.72%35.78%35.73%
Others1.64%1.64%0.92%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders19,27220,71022,24625,62432,69832,07832,29232,47831,60331,95632,18932,078

Fundamentals

Market Cap₹ 488 Cr.
Current Price₹ 153
Stock P/E14.8
Book Value₹ 95.0
ROCE15.1 %
ROE12.1 %
Dividend Yield0.65 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)6%
Consolidated figures.
Valuation
Market capRs 482 Cr
Enterprise valueRs 351 Cr
P/E (TTM)15.49x
Price to book1.59x
Price to sales1.18x
EV / EBITDA8.10x
EV / EBIT9.04x
EV / sales0.85x
Price to cash flow18.53x
Earnings yield6.45%
Dividend yield0.66%
P/E, 3-year average16.17x
P/B, 3-year average1.82x
P/E, 5-year average13.31x
P/B, 5-year average1.61x
Profitability
Operating margin (excl. other income)9.31%
Operating margin (incl. other income)10.95%
EBITDA margin10.56%
Pre-tax margin9.22%
Net profit margin7.59%
Net margin, latest quarter8.03%
ROE11.19%
ROCE13.93%
ROA9.12%
ROE, 3-year average12.13%
ROCE, 3-year average15.06%
ROA, 3-year average9.75%
ROE, 5-year average13.77%
ROCE, 5-year average16.35%
ROA, 5-year average10.67%
ROIC (approx.)18.26%
Tax rate19.10%
Other income / net worth2.20%
Growth
Sales growth (latest year)-4.03%
Profit growth (latest year)9.90%
Sales CAGR, 3 years6.55%
Sales CAGR, 5 years7.27%
Profit CAGR, 3 years14.92%
Profit CAGR, 5 years23.75%
Sales growth QoQ0.16%
Profit growth QoQ-17.72%
Sales growth YoY (latest quarter)2.74%
Profit growth YoY (latest quarter)-4.46%
Per share
EPS (TTM)Rs 9.74
EPS (latest year)Rs 9.86
EPS (latest quarter)Rs 2.62
EPS, 3-year averageRs 9.88
EPS, 5-year averageRs 10.16
Book value per shareRs 95.00
Sales per shareRs 128.33
Cash flow per shareRs 8.15
Free cash flow per shareRs 8.14
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 0.99
Dividends
Dividend payout10.15%
Dividend payout, 3-year average10.16%
Dividend payout, 5-year average10.01%
Efficiency
Asset turnover1.10x
Fixed asset turnover12.26x
Debtor days102 days
Debtors turnover3.58x
Cash conversion cycle102 days
Working capital days66 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 136 Cr
Net debtRs -132 Cr
Debt to equity0.01x
Net debt / EBITDA-3.04x
Interest coverage40.40x
Owners' fund to total sources82.08%
Debt to assets1.05%
Cash flow
Cash from Operating Activity (latest year)Rs 26 Cr
Cash from Investing Activity (latest year)Rs -28 Cr
Cash from Financing Activity (latest year)Rs -7 Cr
Net Cash Flow (latest year)Rs -8 Cr
Free cash flow (latest year)Rs 26 Cr
FCFE (approx.: FCF + change in debt)Rs 22 Cr
Cash from ops / profit, 5 years0.75x
Sales to cash flow15.65x
Statement figures
Net sales (TTM)Rs 410 Cr
Net sales (latest year)Rs 407 Cr
Sales (latest quarter)Rs 104 Cr
Operating profit excl. other income (latest year)Rs 38 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 43 Cr
PBDT (TTM)Rs 42 Cr
Profit before tax (TTM)Rs 38 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 31 Cr
Net profit (latest year)Rs 32 Cr
Net profit (latest quarter)Rs 8 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 106 Cr
Total expenditure (latest year)Rs 369 Cr
Total income (latest year)Rs 414 Cr
Share capitalRs 32 Cr
ReservesRs 272 Cr
Shareholders' fundsRs 304 Cr
Total assetsRs 370 Cr
Net blockRs 33 Cr
InvestmentsRs 56 Cr
ReceivablesRs 114 Cr
Other liabilitiesRs 62 Cr
Shares outstanding (crore)3.20
Ownership
Promoter holding64.20% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 15.5 is at the 17th percentile of its own 7.4-year range (median 21.4, low 7.9, high 50.2).
P/B 1.59 is at the 46th percentile (median 1.75).
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.
PeriodMINDTECKNifty 50Difference
1 week-2.9%-2.8% -0.1 pts
1 month-12.2%-6.8% -5.4 pts
3 months-27.7%-7.6% -20.1 pts
6 months+3.0%+0.4% +2.6 pts
1 year-35.6%-9.9% -25.7 pts
2 years-52.2%-13.6% -38.6 pts
3 years+14.0%+14.2% -0.1 pts
5 years+109.2%+27.9% +81.3 pts

Red flags

F-score 5 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.

Latest quarter

Jun 2026
Sales ₹104 Cr +2.7% vs Jun 2025. Net profit ₹8 Cr -4.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-06Dividend - Re 1 Per Share
2025-08-01Dividend - Re 1 Per Share
2024-09-20Bonus 1:40.8000
2024-08-02Annual General Meeting/Dividend - Re 1 Per Share
2023-08-04Annual General Meeting/Dividend - Re 1 Per Share
2022-08-04Annual General Meeting/Dividend - Re 1 Per Share
2021-07-29 Annual General Meeting
2020-07-30 Annual General Meeting
2019-08-06 Annual General Meeting/Dividend - Re 1 Per Share
2018-09-12 Annual General Meeting/Dividend Re 1 Per Share
2017-08-03 Annua General Meeting/Dividend-Re 1/- Per Share
2016-08-03 Annual General Meeting/ Dividend -Re 1/- Per Share
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 Mindteck (India) Ltd?

Mindteck (India) Ltd (MINDTECK) has a market capitalisation of Rs 488 Cr. at the 2026-10-01 close.

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

Mindteck (India) Ltd trades at a P/E of 14.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Mindteck (India) Ltd's latest quarterly results?

In the Jun 2026 quarter, Mindteck (India) Ltd sales was Rs 104 Cr (+2.7% vs Jun 2025) and net profit was Rs 8 Cr.

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

The 52-week high is Rs 307.68 and the 52-week low is Rs 145.13.

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