Mastek Limited
₹1,428.90-₹46.40 (-3.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹6,301 Cr
- P/E
- 34.5x
- EV / EBITDA
- 44.8x
- Revenue
- ₹486 Cr
- Net margin
- 27.6%
- ROCE
- 7.6%
Price chart
Technical chartScreen technicals →-34.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -8.6%
- 3M
- -26.0%
- 6M
- -15.7%
- 1Y
- -34.0%
- 5Y
- -49.6%
52-week range
Day change -₹46.40 (-3.1%) from ₹1,475 to ₹1,429 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in MASTEK, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 21.6%
Concerns1
- Other income is 56.7% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
Mastek Limited, together with its subsidiaries, engages in the provision of enterprise technology solutions in India, the United Kingdom, Europe, North America, Middle East region, South-east Asia, India, Singapore, Australia, and internationally. The company offers digital and application engineering, including cloud engineering and migration, enterprise integration, low code, quality engineering, and DevSecOps.
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Mastek Limited, together with its subsidiaries, engages in the provision of enterprise technology solutions in India, the United Kingdom, Europe, North America, Middle East region, South-east Asia, India, Singapore, Australia, and internationally. The company offers digital and application engineering, including cloud engineering and migration, enterprise integration, low code, quality engineering, and DevSecOps. It also provides oracle cloud and enterprise apps, such as E-business suite, consulting services, analytics cloud and infrastructure, autonomous data warehouse, Cloud Applications, Cloud Applications, Value Based Analytics, PeopleSoft to Cloud Migration. In addition, the company offers digital commerce and experience solutions comprising commerce, experience platform, search and intelligent recommendation, and modern UI/UX solutions. Further, the company provides data, automation, and artificial intelligence solutions, such as data management and governance, data warehousing, reporting, datalakes, cloud data warehouse, data virtualization, analytics/machine learning, and hyper automation, as well as extract, transform and load (ETL) solutions. Additionally, it offers cloud enhancement, software application development and maintenance, business intelligence, testing and assurance, digital commerce, agile consulting, and legacy modernization services. It serves government, public sector, healthcare, life science, retail, consumer, manufacturing and technology, financial services, higher education, construction and engineering, hospitality, transportation and logistics, high tech, and media and entertainment industries. Mastek Limited was incorporated in 1982 and is based in Mumbai, India.
- Sector
- Technology
- Shares outstanding
- 3.1 Cr shares
- ISIN
- INE759A01021
- BSE code
- 523704
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹6,301 Cr
- P/E
- 34.5x
- P/B
- 7.8x
- EV / EBITDA
- 44.8x
- EV / Sales
- 14.6x
- P/S
- 14.5x
- Earnings yield
- 2.9%
- 52-week high
- ₹2,335.60
- 52-week low
- ₹1,343.25
Profitability
- Operating margin
- 15.9%
- Net margin
- 27.6%
- EBITDA margin
- 32.5%
- ROE
- 14.1%
- ROCE
- 7.6%
- ROA
- 11.8%
- Dividend payout
- 49.0%
- Tax rate
- 5.0%
- Other income, % of PBT
- 56.7%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹486 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.0%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.6%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹141 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -21.2%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.8%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 34.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹82.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 51.9%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 22.3%
Solvency and efficiency
- Current ratio
- 8.15
- Debt / Equity
- 0.06
- Debt / Assets
- 0.05
- Debt / EBITDA
- 0.38
- Interest coverage
- 69.00
- Financial leverage
- 1.20
- CFO / Net profit
- 0.68
- Cash / Market cap
- 2.7%
- Cash per share
- ₹55.55
- Asset turnover
- 0.43
- Fixed asset turnover
- 6.58
- Capital intensity
- 0.15
- Debtor days
- 53 days
- Cash conversion cycle
- 53 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹25 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹402 Cr |
| Sales | Operating profit | ₹84 Cr |
| Operating profit | Interest | ₹4 Cr |
| Operating profit | Depreciation | ₹14 Cr |
| Operating profit | Profit before tax | ₹66 Cr |
| Other income | Profit before tax | ₹73 Cr |
| Profit before tax | Tax and other | ₹18 Cr |
| Profit before tax | Net profit | ₹121 Cr |
Revenue and net profit
Revenue grew 12.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹187 Cr | ₹19 Cr |
| FY2022 | ₹257 Cr | ₹77 Cr |
| FY2023 | ₹313 Cr | ₹132 Cr |
| FY2024 | ₹434 Cr | ₹120 Cr |
| FY2025 | ₹486 Cr | ₹121 Cr |
Cash flows
FY2025: ₹50.0 Cr from operations, ₹104 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹23 Cr | ₹10 Cr |
| FY2022 | ₹15 Cr | ₹37 Cr |
| FY2023 | ₹54 Cr | ₹47 Cr |
| FY2024 | ₹82 Cr | ₹13 Cr |
| FY2025 | ₹50 Cr | ₹104 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹486 Cr+12.0%1Y
- Net profit
- ₹121 Cr+0.8%1Y
- Cash from operations
- ₹50 Cr
- Free cash flow
- ₹104 Cr+700.0%1Y
- Revenue CAGR, 5Y
- 21.6%
- EBITDA CAGR, 5Y
- 25.1%
- Net profit CAGR, 5Y
- 34.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹486 Cr | ₹84 Cr | — | ₹121 Cr | ₹50 Cr | ₹104 Cr | 13.3% | +12.0% | +0.8% |
Monthly returns
Month-by-month returns of MASTEK across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,053 Cr |
| Equity capital | ₹15 Cr |
| Reserves | ₹897 Cr |
| Borrowings | ₹8 Cr |
| Other liabilities | ₹133 Cr |
| Assets | ₹1,053 Cr |
| Fixed assets | ₹61 Cr |
| Capital work in progress | ₹2 Cr |
| Investments | ₹799 Cr |
| Other assets | ₹192 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
MASTEK trades at 34.5x earnings against a peer median of 52.1x (a 34% discount).
Not shown (no positive earnings and no EV / Sales): Tejas Networks Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Mastek LimitedMASTEKthis companyP/E ↓ discount | ₹6,301 Cr | 34.5x | 7.8x | 14.1% | 44.8x |
| Tejas Networks LimitedTEJASNET | ₹6,668 Cr | — | 2.0x | 2.6% | 21.5x |
| TANLA PLATFORMS LIMITEDTANLA | ₹6,599 Cr | 25.4x | 13.0x | 25.7% | 34.5x |
| Happiest Minds Technologies LimitedHAPPSTMNDS | ₹6,535 Cr | 31.9x | 4.2x | 16.7% | 16.6x |
| GARWARE TECHNICAL FIBRES LIMITEDGARFIBRES | ₹6,415 Cr | 32.7x | 5.0x | 16.2% | 21.3x |
| Dynamatic Technologies Ltd.DYNAMATECH | ₹6,152 Cr | 122.0x | 8.5x | 15.6% | 35.3x |
| PNC Infratech LimitedPNCINFRA | ₹6,063 Cr | 16.5x | 1.1x | 17.8% | 4.2x |
| Avalon Technologies LimitedAVALON | ₹5,943 Cr | 80.0x | 7.7x | 4.8% | 115.1x |
| AXISCADES TECHNOLOGIES LIMITEDAXISCADES | ₹5,771 Cr | 188.0x | 14.6x | -1.1% | 96.9x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
MASTEK since 1 January, against earlier years.
Historical volatility
MASTEK's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 9.0% |
| FY2022 | 13.0% |
| FY2023 | 15.0% |
| FY2024 | 16.0% |
| FY2025 | 17.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹486 Cr |
| Costs | |
| Interest | ₹4 Cr |
| Expenses | ₹403 Cr |
| Operating profitOperating Profit | ₹84 Cr |
| Other income and charges | |
| Profit before tax | ₹139 Cr |
| Tax | |
| Net profitNet Profit | ₹121 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,053 Cr |
| Equity capitalEquity Capital | ₹15 Cr |
| Reserves | ₹897 Cr |
| Borrowings | ₹8 Cr |
| Other liabilitiesOther Liabilities | ₹133 Cr |
| AssetsTotal Assets | ₹1,053 Cr |
| Fixed assetsFixed Assets | ₹61 Cr |
| Capital work in progressCWIP | ₹2 Cr |
| Investments | ₹799 Cr |
| Other assetsOther Assets | ₹192 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹50 Cr |
| Investing cash flowCash from Investing Activity | ₹54 Cr |
| Financing cash flowCash from Financing Activity | -₹110 Cr |
| Change in cashNet Cash Flow | -₹5 Cr |
Learn while you research
Academy chapters picked for Mastek Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 34.5, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Growth InvestingTech & communications often trade on growth, learn the framework.7 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read