Mastek Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 15.3%)
- Efficient capital deployment (ROCE 17.7%)
- Attractively valued vs sector (P/E 12.5x vs industry 40.1x)
- Low debt relative to equity (D/E 0.1x)
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services Limited | ₹2,304 | ₹8.3L Cr | 15.5 | 7.78 | 51.8 | 63 | 0.11 |
| INFY Infosys Limited | ₹1,130 | ₹4.6L Cr | 14.7 | 5.02 | 31.9 | 40 | 0.1 |
| HCLTECH HCL Technologies Limited | ₹1,293 | ₹3.5L Cr | 19.4 | 4.67 | 23.8 | 30.4 | 0.07 |
| WIPRO Wipro Limited | ₹176 | ₹1.7L Cr | 13.2 | 2.1 | 15.5 | 17.8 | 0.23 |
| TECHM Tech Mahindra Limited | ₹1,597 | ₹1.6L Cr | 29.4 | 5.29 | 17.5 | 23.1 | 0.07 |
| LTM LTM Limited | ₹4,554 | ₹1.4L Cr | 24.1 | 5.62 | 23.1 | 29.6 | 0.1 |
| OFSS Oracle Financial Services Software Limited | ₹12,058 | ₹1.1L Cr | 30.8 | 13.41 | 32.6 | 45.3 | 0 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
MASTEK · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 36.48% | 36.26% | 36.25% | 36.24% | 36.23% | 35.97% |
| FII | 14.10% | 14.40% | 14.03% | 8.14% | 9.40% | 10.00% |
| DII | 6.41% | 7.07% | 7.10% | 10.41% | 9.27% | 9.84% |
| Public | 43.01% | 42.26% | 42.59% | 45.22% | 45.09% | 44.19% |
Corporate Events
Interim Dividend - Rs 8 Per Share
Dividend - Rs 16 Per Share
Interim Dividend - Rs 7 Per Share
Dividend - Rs 12 Per Share
Record: 17 Sept 2024
Annual General Meeting
Interim Dividend - Rs 7 Per Share
Record: 26 Jan 2024
Annual General Meeting/Dividend - Rs 12 Per Share
Latest News
All newsMastek partners with Innovaccer for AI healthcare push
*Mastek partners with Innovaccer for AI healthcare push.* The collaboration aims to accelerate AI-driven solutions in healthcare. While financial details weren’t disclosed, the strategic move enhances Mastek’s footprint in the global health tech space. **No immediate revenue impact** expected in FY25. 📊 *STOCKS:* $MASTEK | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #Partnership
Mastek partners with Yanbu Cement for digital transformation
*Mastek partners with Yanbu Cement for digital transformation* Mastek Limited announced a partnership with Yanbu Cement Company to modernize its production-to-dispatch operations. The project aims to enhance operational efficiency using digital solutions. This client win reinforces Mastek’s presence in the global IT services space. 📊 *STOCKS:* MASTEK | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #DigitalTransformation
Mastek allots 3,969 equity shares under ESOP
*Mastek allots 3,969 equity shares under ESOP.* The allotment is part of the company's employee stock ownership plan. This minor corporate action has no significant financial impact. **3,969 shares** were issued. 📊 *STOCKS:* $MASTEK | 🏢 *SECTOR:* IT | #LOWIMPACT #ESOP
Mastek cancels August 2026 non-deal roadshow
*Mastek cancels August 2026 non-deal roadshow* — Mastek Limited has informed about the cancellation of its non-deal roadshow earlier scheduled for August 26, 2026. Such roadshows are typically held to engage investors and discuss business prospects. The reason for cancellation hasn't been disclosed. 📊 *STOCKS:* $MASTEK | 🏢 *SECTOR:* IT | #LOWIMPACT #CorporateUpdate
Mastek to host analyst and investor meet.
*Mastek to host analyst and investor meet.* The company has scheduled a conference call for institutional investors and analysts. No financial updates or guidance changes were announced. This is a routine engagement to discuss business performance. 📊 *STOCKS:* $MASTEK | 🏢 *SECTOR:* IT | #LOWIMPACT #InvestorMeet
Mastek featured in UK monarchy publication
*Mastek featured in UK monarchy publication.* Mastek Limited announced it has been featured in a publication commemorating 100 years of monarchy and democracy in the United Kingdom, recognizing its contributions. The announcement was made via a press release on July 03, 2026. This is a brand recognition event with no direct financial impact. 📊 *STOCKS:* MASTEK | 🏢 *SECTOR:* IT | #LOWIMPACT #IT
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹938 Cr 3.5% | ₹906 Cr 3.6% | ₹940 Cr 2.7% | ₹915 Cr 1.1% | ₹905 Cr 4.0% | ₹870 Cr 0.3% | ₹867 Cr 6.6% | ₹813 Cr |
| Op. Profit | ₹151 Cr 0.7% | ₹152 Cr 4.1% | ₹146 Cr 6.6% | ₹137 Cr 1.4% | ₹139 Cr 1.4% | ₹141 Cr 1.4% | ₹143 Cr 15.3% | ₹124 Cr |
| OPM | 16.0% 5.9% | 17.0% 13.3% | 15.0% 0.0% | 15.0% 0.0% | 15.0% 6.3% | 16.0% 0.0% | 16.0% 6.7% | 15.0% |
| Net Profit | ₹106 Cr 1.9% | ₹108 Cr 11.3% | ₹97 Cr 5.4% | ₹92 Cr 13.6% | ₹81 Cr 14.7% | ₹95 Cr 26.4% | ₹129 Cr 79.2% | ₹72 Cr |
| EPS (₹) | 34.24 2.1% | 34.96 11.1% | 31.46 5.7% | 29.75 13.5% | 26.2 14.6% | 30.67 26.4% | 41.68 79.8% | 23.18 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.7K Cr 7.1% | ₹3.5K Cr 13.1% | ₹3.1K Cr 19.2% | ₹2.6K Cr 17.4% | ₹2.2K Cr 26.8% | ₹1.7K Cr 60.8% | ₹1.1K Cr 3.7% | ₹1.0K Cr 26.4% | ₹817 Cr 45.9% | ₹560 Cr |
| Expenses | ₹3.1K Cr 7.0% | ₹2.9K Cr 14.3% | ₹2.5K Cr 20.8% | ₹2.1K Cr 22.5% | ₹1.7K Cr 26.8% | ₹1.4K Cr 48.1% | ₹916 Cr 1.6% | ₹902 Cr 25.6% | ₹718 Cr 39.4% | ₹515 Cr |
| Op. Profit | ₹586 Cr 7.3% | ₹546 Cr 7.3% | ₹509 Cr 11.6% | ₹456 Cr 1.5% | ₹463 Cr 27.2% | ₹364 Cr 133.3% | ₹156 Cr 18.2% | ₹132 Cr 32.0% | ₹100 Cr 122.2% | ₹45 Cr |
| OPM | 16.0% 0.0% | 16.0% 5.9% | 17.0% 5.6% | 18.0% 14.3% | 21.0% 0.0% | 21.0% 40.0% | 15.0% 15.4% | 13.0% 8.3% | 12.0% 50.0% | 8.0% |
| Other Income | ₹40 Cr 33.3% | ₹30 Cr 150.0% | ₹12 Cr 81.3% | ₹64 Cr 77.8% | ₹36 Cr 28.6% | ₹28 Cr 64.7% | ₹17 Cr 32.0% | ₹25 Cr 19.0% | ₹21 Cr 75.0% | ₹12 Cr |
| Interest | ₹32 Cr 23.8% | ₹42 Cr 4.5% | ₹44 Cr 76.0% | ₹25 Cr 212.5% | ₹8 Cr 0.0% | ₹8 Cr 100.0% | ₹4 Cr 33.3% | ₹6 Cr 0.0% | ₹6 Cr 50.0% | ₹4 Cr |
| Depreciation | ₹73 Cr 2.7% | ₹75 Cr 16.7% | ₹90 Cr 34.3% | ₹67 Cr 55.8% | ₹43 Cr 4.4% | ₹45 Cr 80.0% | ₹25 Cr 47.1% | ₹17 Cr 10.5% | ₹19 Cr 26.7% | ₹15 Cr |
| PBT | ₹521 Cr 13.5% | ₹459 Cr 18.9% | ₹386 Cr 9.6% | ₹427 Cr 4.7% | ₹448 Cr 32.2% | ₹339 Cr 135.4% | ₹144 Cr 8.3% | ₹133 Cr 38.5% | ₹96 Cr 146.2% | ₹39 Cr |
| Tax % | 22.0% 22.2% | 18.0% 5.3% | 19.0% 29.6% | 27.0% 3.8% | 26.0% 0.0% | 26.0% 23.8% | 21.0% 12.5% | 24.0% 11.1% | 27.0% 58.8% | 17.0% |
| Net Profit | ₹404 Cr 7.4% | ₹376 Cr 20.9% | ₹311 Cr 0.3% | ₹310 Cr 6.9% | ₹333 Cr 32.1% | ₹252 Cr 121.1% | ₹114 Cr 12.9% | ₹101 Cr 44.3% | ₹70 Cr 118.8% | ₹32 Cr |
| EPS (₹) | 130.33 7.3% | 121.5 24.8% | 97.36 1.4% | 95.99 2.4% | 98.32 18.5% | 82.97 85.1% | 44.82 5.9% | 42.33 43.3% | 29.53 113.1% | 13.86 |
| Div Payout | 18.0% 5.3% | 19.0% 5.0% | 20.0% 0.0% | 20.0% 5.3% | 19.0% 11.8% | 17.0% 5.6% | 18.0% 10.0% | 20.0% 0.0% | 20.0% 20.0% | 25.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹16 Cr 6.7% | ₹15 Cr 0.0% | ₹15 Cr 0.0% | ₹15 Cr 0.0% | ₹15 Cr 15.4% | ₹13 Cr 8.3% | ₹12 Cr 0.0% | ₹12 Cr 0.0% | ₹12 Cr 0.0% | ₹12 Cr |
| Reserves | ₹3.0K Cr 21.6% | ₹2.4K Cr 18.1% | ₹2.1K Cr 24.2% | ₹1.7K Cr 58.0% | ₹1.1K Cr 24.8% | ₹846 Cr 8.7% | ₹778 Cr 10.5% | ₹704 Cr 31.1% | ₹537 Cr 17.5% | ₹457 Cr |
| Borrowings | ₹438 Cr 24.9% | ₹583 Cr 12.3% | ₹519 Cr 28.5% | ₹404 Cr 99.0% | ₹203 Cr 25.6% | ₹273 Cr 18.5% | ₹335 Cr 378.6% | ₹70 Cr 0.0% | ₹70 Cr 6.1% | ₹66 Cr |
| Other Liabilities | ₹879 Cr 9.5% | ₹803 Cr 23.2% | ₹1.0K Cr 2.1% | ₹1.0K Cr 14.2% | ₹1.2K Cr 4.1% | ₹1.1K Cr 50.2% | ₹763 Cr 326.3% | ₹179 Cr 11.4% | ₹202 Cr 18.8% | ₹170 Cr |
| Total Liabilities | ₹4.3K Cr 12.0% | ₹3.8K Cr 5.4% | ₹3.7K Cr 17.4% | ₹3.1K Cr 26.1% | ₹2.5K Cr 8.3% | ₹2.3K Cr 20.6% | ₹1.9K Cr 95.4% | ₹966 Cr 17.7% | ₹821 Cr 16.5% | ₹705 Cr |
Assets | ||||||||||
| Fixed Assets | ₹1.9K Cr 6.7% | ₹1.8K Cr 6.8% | ₹1.9K Cr 12.1% | ₹1.7K Cr 106.9% | ₹841 Cr 4.2% | ₹807 Cr 5.8% | ₹857 Cr 413.2% | ₹167 Cr 6.7% | ₹179 Cr 0.6% | ₹180 Cr |
| CWIP | ₹2 Cr 0.0% | ₹2 Cr 100.0% | ₹1 Cr 85.7% | ₹7 Cr 75.0% | ₹4 Cr 100.0% | ₹2 Cr 0.0% | ₹2 Cr 100.0% | ₹1 Cr 50.0% | ₹2 Cr | ₹0 Cr |
| Investments | ₹234 Cr 31.5% | ₹178 Cr 89.4% | ₹94 Cr 36.2% | ₹69 Cr 165.4% | ₹26 Cr 88.9% | ₹234 Cr 15.2% | ₹276 Cr 30.3% | ₹396 Cr 39.4% | ₹284 Cr 3.6% | ₹274 Cr |
| Other Assets | ₹2.1K Cr 15.3% | ₹1.9K Cr 15.2% | ₹1.6K Cr 24.0% | ₹1.3K Cr 18.8% | ₹1.6K Cr 29.2% | ₹1.2K Cr 63.8% | ₹754 Cr 88.0% | ₹401 Cr 12.6% | ₹356 Cr 41.8% | ₹251 Cr |
| Total Assets | ₹4.3K Cr 12.0% | ₹3.8K Cr 5.4% | ₹3.7K Cr 17.4% | ₹3.1K Cr 26.1% | ₹2.5K Cr 8.3% | ₹2.3K Cr 20.6% | ₹1.9K Cr 95.4% | ₹966 Cr 17.7% | ₹821 Cr 16.5% | ₹705 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹542 Cr 37.2% | ₹395 Cr 6.0% | ₹420 Cr 288.9% | ₹108 Cr 60.4% | ₹273 Cr 4.9% | ₹287 Cr 56.0% | ₹184 Cr 145.3% | ₹75 Cr 15.4% | ₹65 Cr 51.2% | ₹43 Cr |
| Investing CF | ₹-66 Cr 74.5% | ₹-259 Cr 4.0% | ₹-249 Cr 65.4% | ₹-719 Cr 2665.4% | ₹-26 Cr 111.9% | ₹218 Cr 183.2% | ₹-262 Cr 385.2% | ₹-54 Cr 200.0% | ₹-18 Cr 85.8% | ₹-127 Cr |
| Financing CF | ₹-300 Cr 426.3% | ₹-57 Cr 2950.0% | ₹2 Cr 97.8% | ₹93 Cr 172.7% | ₹-128 Cr 8.5% | ₹-118 Cr 157.6% | ₹205 Cr 1381.3% | ₹-16 Cr 128.6% | ₹-7 Cr 110.8% | ₹65 Cr |
| Net Cash Flow | ₹176 Cr 120.0% | ₹80 Cr 53.8% | ₹173 Cr 133.3% | ₹-519 Cr 536.1% | ₹119 Cr 69.3% | ₹387 Cr 204.7% | ₹127 Cr 2440.0% | ₹5 Cr 87.5% | ₹40 Cr 300.0% | ₹-20 Cr |
| Free Cash Flow | ₹515 Cr 37.0% | ₹376 Cr 3.8% | ₹391 Cr 210.3% | ₹126 Cr 46.8% | ₹237 Cr 14.1% | ₹276 Cr 63.3% | ₹169 Cr 181.7% | ₹60 Cr 20.0% | ₹50 Cr 61.3% | ₹31 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57d 26.9% | 78d 16.4% | 67d 6.9% | 72d 1.4% | 73d 7.6% | 79d 26.9% | 108d 45.9% | 74d 5.1% | 78d 41.8% | 55d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 57d 26.9% | 78d 16.4% | 67d 6.9% | 72d 1.4% | 73d 7.6% | 79d 26.9% | 108d 45.9% | 74d 5.1% | 78d 41.8% | 55d |
| Working Capital Days | 42d 50.0% | 28d 2900.0% | -1d 102.9% | 34d 270.0% | -20d 42.9% | -35d 975.0% | 4d 89.5% | 38d 153.3% | 15d 48.3% | 29d |
| ROCE | 18.0% 5.9% | 17.0% 5.6% | 18.0% 21.7% | 23.0% 28.1% | 32.0% 23.1% | 26.0% 62.5% | 16.0% 15.8% | 19.0% 11.8% | 17.0% 70.0% | 10.0% |
Source: Screener.in · Lower days = better efficiency