Mastek Ltd
NSE: MASTEK · Computers - Software & Consulting · sector
₹1,634.20NSE close 2026-10-26
Key numbers
Market cap₹5,066 cr
Price₹1,634.20
52w high / low₹2,369 / ₹1,334
P/E12.1xSector median 17.5x
P/B1.7xSector median 2.7x
Book value₹965.1
Dividend yield1.47%Sector median 1.66%
ROE15.3%Sector median 14.4%
ROCE16.7%Sector median 15.3%
OPM15.1%Sector median 16.9%
Debt / equity0.14xSector median 0.04x
EV/EBITDA8.0xSector median 13.2x
Interest cover19.1x
Current ratio2.16x
Sales growth 3y+13.0%Sector median +10.8%
Profit growth 3y+11.3%Sector median +14.9%
PEG1.18x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 80 companies in Computers - Software & Consulting (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹939 cr vs borrowings ₹421 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 19.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 17% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,634.20 on 2026-10-26: -31.0% from the 52-week high, +22.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹3,270.25 · low ₹1,382.60
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 867 | 870 | 905 | 915 | 940 | 906 | 938 | 985 |
| EBITDA | 155 | 145 | 131 | 137 | 146 | 146 | 127 | 151 |
| OPM % | 17.9% | 16.6% | 14.4% | 15.0% | 15.5% | 16.1% | 13.5% | 15.4% |
| Other income | 5 | 9 | 4 | 11 | 15 | 21 | 24 | 12 |
| Net profit | 129 | 95 | 81 | 92 | 97 | 108 | 106 | 106 |
| EPS (₹) | 41.69 | 30.68 | 26.24 | 29.75 | 31.48 | 34.97 | 34.25 | 34.16 |
| Revenue YoY | +8.4% | +4.2% | +3.6% | +7.7% | ||||
| Profit YoY | -24.3% | +14.4% | +30.9% | +15.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,184 | 2,563 | 3,055 | 3,455 | 3,699 | 3,769 |
| EBITDA | 463 | 481 | 505 | 554 | 555 | 569 |
| Net profit | 295 | 293 | 300 | 376 | 404 | 418 |
| EPS (₹) | 106.52 | 97.23 | 98.01 | 121.78 | 130.45 | 134.86 |
| Revenue growth | +17.4% | +19.2% | +13.1% | +7.0% | +6.0% | |
| Profit growth | -0.7% | +2.5% | +25.2% | +7.5% | +5.4% | |
| Dividend / share (₹) | 16.00 | 19.00 | 19.00 | 19.00 | 24.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +13.0% | +16.5% | +6.0% |
| Net profit | +11.3% | +14.1% | +5.4% |
| EPS | +10.3% | +9.0% | – |
| Share price | – | -19.5% (2y) | -10.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,683 | 2,100 | 2,462 | 2,992 |
| Borrowings | – | 371 | 487 | 555 | 421 |
| Cash & equivalents | – | 270 | 459 | 622 | 939 |
| Total assets | – | 3,141 | 3,678 | 3,863 | 4,309 |
| Fixed assets | – | 89 | 88 | 82 | 71 |
| Capital work in progress | – | 7 | 1 | 2 | 2 |
| Investments | – | 13 | 17 | 17 | 0 |
| Receivables | – | 507 | 541 | 770 | 580 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 183 | 220 | 256 | 206 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 273 | 107 | 420 | 395 | 542 |
| Cash from investing | -20 | -737 | -256 | -275 | -66 |
| Cash from financing | -128 | 93 | 5 | -57 | -300 |
| Capex | 36 | 32 | 31 | 20 | 28 |
| Free cash flow | 237 | 76 | 388 | 375 | 514 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 17.4% | 14.3% | 15.3% | 13.5% |
| ROCE % | – | 22.0% | 16.6% | 16.6% | 16.2% |
| Debtor days | – | 72 | 65 | 81 | 57 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 26 | 26 | 27 | 20 |
| Cash conversion cycle (days) | – | 46 | 39 | 54 | 37 |
| Working capital days | – | 73 | 57 | 94 | 112 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 35.75% |
| FIIs | 5.94% |
| DIIs | 22.02% |
| of which Mutual funds | 18.53% |
| of which Insurance | 0.98% |
| Public (non-institutions) | 36.29% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 36.22% | 35.97% | 35.95% | 35.79% | 35.77% | 35.76% | 35.76% | 35.75% |
| Promoter group | % |
|---|---|
| Ashank Datta Desai | 10.94% |
| Ketan Mehta | 7.14% |
| Girija RAM | 5.65% |
| RAM FAMILY TRUST I (through Trustee-sole beneficiary Mrs. Girija Ram) | 3.22% |
| Sundar Radhakrishnan | 2.60% |
| HI5 Youth Foundation | 1.61% |
| Rupa Ketan Mehta | 1.55% |
| Usha Sundar | 1.37% |
| Padma Desai | 0.76% |
| Samvitha Sudhakar RAM | 0.33% |
| Varun Sundar | 0.21% |
| Chinmay Ashank Desai | 0.19% |
| Shankar Sundar | 0.14% |
| Tanay K Mehta | 0.02% |
| Public holders above 1% | % |
|---|---|
| Umang Tejkaran Nahata | 5.48% |
| Bandhan Large & MID CAP Fund | 5.35% |
| HDFC Small CAP Fund | 5.10% |
| Ummed Singh Nahata | 3.55% |
| Rakesh Raman | 3.39% |
| ICICI Prudential Technology Fund | 3.33% |
| Tata Digital India Fund | 2.17% |
| Aditya Birla SUN Life Mutual Fund - Aditya Birla S | 1.41% |
| 360 ONE Pipe Fund | 1.38% |
87,785 shareholders. Pledged: 0.00% of promoter shares.
Peers in Computers - Software & Consulting
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TCS | ₹9,17,670 cr | 17.8x | 7.7x | 45.8% | 59.1% | 25.0% | +5.8% | 4.31% |
| INFY | ₹4,72,230 cr | 15.7x | 5.1x | 32.1% | 44.9% | 23.0% | +6.8% | 3.95% |
| HCLTECH | ₹3,84,716 cr | 20.9x | 5.0x | 24.9% | 31.9% | 19.9% | +8.7% | 3.80% |
| WIPRO | ₹1,87,403 cr | 14.8x | 2.4x | 16.0% | 19.6% | 19.3% | +0.8% | 6.18% |
| TECHM | ₹1,59,037 cr | 28.8x | 5.4x | 16.1% | 25.2% | 16.8% | +2.2% | 2.53% |
| LTM | ₹1,20,617 cr | 23.1x | 4.7x | 21.2% | 28.2% | 16.7% | +8.4% | 1.66% |
| PERSISTENT | ₹92,284 cr | 50.8x | 10.7x | 22.9% | 28.2% | 16.3% | +20.9% | 0.63% |
| COFORGE | ₹66,873 cr | 40.5x | 7.0x | 21.6% | 24.9% | 17.3% | +27.0% | 0.81% |
| MPHASIS | ₹48,819 cr | 25.5x | 4.5x | 18.8% | 22.3% | 18.4% | +4.8% | 2.23% |
| MASTEK | ₹5,066 cr | 12.1x | 1.7x | 15.3% | 16.7% | 15.1% | +13.0% | 1.47% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| UK & Europe operations | ₹2,411 cr | 65.2% | ₹476 cr | 19.7% |
| North America operations | ₹828 cr | 22.4% | ₹51 cr | 6.1% |
| AMEA | ₹459 cr | 12.4% | ₹23 cr | 5.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-31 | Dividend | Dividend - Rs 16 Per Share |
| 2026-01-30 | Dividend | Interim Dividend - Rs 8 Per Share |
| 2025-09-12 | Dividend | Dividend - Rs 16 Per Share |
| 2025-01-24 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2024-09-17 | Dividend | Dividend - Rs 12 Per Share |
| 2024-09-17 | Other | Annual General Meeting |
| 2024-01-25 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2023-09-18 | Dividend | Annual General Meeting/Dividend - Rs 12 Per Share |
| 2023-02-01 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2022-09-08 | Dividend | Annual General Meeting/Dividend - Rs 12 Per Share |
| 2022-01-31 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2021-09-23 | Dividend | Annual General Meeting/Dividend - Rs 9 Per Share |
| 2020-11-09 | Dividend | Interim Dividend - Rs 5.50 Per Share |
| 2020-10-22 | Other | Annual General Meeting |
| 2020-03-23 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2019-10-24 | Dividend | Interim Dividend - Rs 3 Per Sh |
| 2019-07-11 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2018-11-06 | Dividend | Interim Dividend - Rs 3.50 Per Share |
| 2018-07-11 | Dividend | Annual General Meeting/Dividend Rs- 4 Per Share |
| 2017-11-07 | Dividend | Interim Dividend - Rs 2/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Information and Technology: Software application development and maintenance, IT consulting and related activities
| Sector | Information Technology |
| Industry | Computers - Software & Consulting |
| Sub-industry | Computers - Software & Consulting |
| Symbol | MASTEK |
| BSE code | 523704 |
| ISIN | INE759A01021 |
| Face value | ₹5.0 |
| Incorporated | 1982-05-14 |
| Website | www.mastek.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.