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 12.4x vs industry 37.2x)
- Low debt relative to equity (D/E 0.1x)
- Near 52-week low — potential value zone (₹1,334)
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services Limited | ₹2,460 | ₹9.2L Cr | 16.8 | 7.48 | 51.8 | 63 | 0.1 |
| INFY Infosys Limited | ₹1,123 | ₹4.7L Cr | 14.8 | 4.6 | 31.9 | 40 | 0.09 |
| HCLTECH HCL Technologies Limited | ₹1,401 | ₹3.9L Cr | 20.3 | 5 | 23.8 | 30.4 | 0.08 |
| WIPRO Wipro Limited | ₹185 | ₹1.9L Cr | 14.3 | 2.31 | 15.5 | 17.8 | 0.28 |
| TECHM Tech Mahindra Limited | ₹1,777 | ₹1.8L Cr | 30.7 | 5.86 | 17.5 | 23.1 | 0.07 |
| LTM LTM Limited | ₹4,104 | ₹1.2L Cr | 21.9 | 4.71 | 23.1 | 29.6 | 0.09 |
| PERSISTENT Persistent Systems Limited | ₹5,848 | ₹91K Cr | 48.4 | 10.75 | 27.2 | 34.4 | 0.07 |
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 expands Trichy centre to boost tech talent hub
*Mastek expands Trichy centre to boost tech talent hub.* The company inaugurated an expanded facility in Trichy as a future-ready technology and talent hub, aiming to strengthen delivery capabilities. This move supports long-term growth and talent development in the region. 📊 *STOCKS:* MASTEK | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #Expansion
Mastek shares react to investor meet updates
*Mastek shares react to investor meet updates* following the Q2FY26 earnings presentation. The company reported revenue growth of **12% YoY** and improved operating margin to **18.5%**. Management highlighted strong deal wins worth **₹220 crore** and raised full-year guidance. Client additions and digital transformation demand are driving confidence. 📊 *STOCKS:* $MASTEK | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #Earnings
Mastek launches AI-Native Services as Software offering
*Mastek launches AI-Native Services as Software offering.* The company unveiled a new AI-driven enterprise software framework to enhance digital transformation. The solution, launched on October 05, 2026, aims to deliver **intelligent automation** and **scalable SaaS platforms** for global clients. This strategic pivot could expand its addressable market in the AI services domain. 📊 *STOCKS:* $MASTEK | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
Mastek 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 to host analyst and investor meet
*Mastek to host analyst and investor meet.* The company has scheduled a conference call for analysts and institutional investors. Purpose appears to be updates on business and strategy. No financial numbers or major announcements disclosed. 📊 *STOCKS:* $MASTEK | 🏢 *SECTOR:* IT | #LOWIMPACT #InvestorMeet
Mastek Limited issues press release, details undisclosed
*Mastek Limited issues press release, details undisclosed.* The company filed a press release with the NSE, though specific details were not revealed in the headline. Investors await further information on corporate developments. No financial figures or strategic updates were provided in the summary. 📊 *STOCKS:* $MASTEK | 🏢 *SECTOR:* IT | #LOWIMPACT #PressRelease
Mastek to host analyst and investor meet
*Mastek to host analyst and investor meet.* The company has scheduled a call for analysts and institutional investors to discuss business updates. No financial figures or major announcements were disclosed. Event details are available in the NSE filing. 📊 *STOCKS:* $MASTEK | 🏢 *SECTOR:* IT | #LOWIMPACT #IT
Mastek schedules analyst meet for September 25, 2026
Mastek Limited has announced the schedule for its analyst and institutional investor meet on *September 25, 2026*. The event aims to provide updates on company strategy and performance outlook. Such meets often precede guidance revisions or operational updates. No financial figures or immediate triggers were disclosed. 📊 *STOCKS:* $MASTEK | 🏢 *SECTOR:* IT | #LOWIMPACT #AnalystMeet
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
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