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Mastek Limited

Mastek Limited

NSE: MASTEK
Information Technology ServicesTechnologySMALL CAPMCap ₹5.68k Cr
₹1,830.80₹74.60 (+4.25%)

Market Closed • NSE

Market cap₹5.68k Cr
Enterprise value₹4.94k Cr
P/E TTM13.67
Forward P/E11.92
P/B1.84
EPS TTM₹133.89
Forward EPS₹153.60
ROCE17.70%
D/E0.15
Dividend yield0.01%
Face value₹5.00
52W high₹2,369.00
52W low₹1,334.20
Price chart(1Y)
1Y Return:+16.06% (+₹253.40)
H: ₹1,945.7L: ₹1,514.6
1W+11.25%
1M+12.31%
3M+4.82%
6M+4.85%
1Y-12.17%
Today at a glance

Day range

₹1,749.70₹1,840.00

52 week range

₹1,334.20₹2,369.00
Volume147.9K1.48x 20D avg
Free float50.00%+48.10% volume

Mastek Limited closed at INR1830.80 (+4.25%) on volume 1.48x its 20-day average, trading 22.72% below its 52-week high.

Technical analysis
RSI (14)69.2Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹60.64High
SMA 20₹1,624.88BULLISH
SMA 50₹1,684.05BULLISH
SMA 100₹1,683.65BULLISH
SMA 200₹1,712.11BULLISH
CPR bottom₹1,758.15
Pivot₹1,757.50
CPR top₹1,756.85
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +0% QoQ

2026-08-31

DIVIDEND Announced

Dividend - Rs 16 Per Share

2026-01-30

DIVIDEND Announced

Interim Dividend - Rs 8 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹438.3 Cr₹5.68k Cr7.72%≤ 33%PASS
Non-halal income ratio–₹3.70k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹3.60k Cr₹4.31k Cr83.65%≥ 20%PASS
Receivables ratio–₹4.31k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E13.6723.00
Forward P/E11.92—
P/B1.843.80
EV/EBITDA—18.00
PEG—2.20
Earnings yield7.304.30
Growth & profitability
RevenuePAT
FY24PAT margin 10.20%
FY25PAT margin 10.90%
FY26PAT margin 10.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+2.30%
Revenue CAGR 5Y+3.90%
PAT CAGR 3Y+2.40%
PAT CAGR 5Y+6.10%
Operating margin13.50%
Net margin11.09%
Financial health & cash flow
Net debt–Moderate
Interest coverage16.00xEBIT / interest
CFO / PAT1.25x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹541.7 Cr
Capital expenditure–
Free cash flow₹513.7 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall83/100
Valuation75/100
Profitability80/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 17.7%

Low Debt Profile: Debt-to-Equity is comfortable at 0.15x

High Cash Flow Conversion: CFO/PAT averaged 1.25x over last 3 years

Attractive Valuation: P/E of 13.7x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Information Technology Services.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
27.05%Institutional holding
37.18%Public holding
5Periods available
0.00%Promoter pledged
88.92KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
31 Aug 2026Dividend₹16.00 / share—31 Aug 2026
30 Jan 2026Dividend₹8.00 / share—30 Jan 2026
12 Sept 2025Dividend₹16.00 / share—12 Sept 2025
24 Jan 2025Dividend₹7.00 / share—24 Jan 2025
18 Sept 2024Dividend₹12.00 / share—17 Sept 2024
—Annual General MeetingAnnual General Meeting—17 Sept 2024
27 Jan 2024Dividend₹7.00 / share—25 Jan 2024
—Dividend₹12.00 / share—18 Sept 2023
01 Feb 2023Dividend₹7.00 / share—01 Feb 2023
—Dividend₹12.00 / share—08 Sept 2022
01 Feb 2022Dividend₹7.00 / share—31 Jan 2022
—Dividend₹9.00 / share—23 Sept 2021
10 Nov 2020Dividend₹5.50 / share—09 Nov 2020
—Annual General MeetingAnnual General Meeting—22 Oct 2020
25 Mar 2020Dividend₹5.00 / share—23 Mar 2020
26 Oct 2019Dividend₹3.00 / share—24 Oct 2019
—Dividend₹5.00 / share—11 Jul 2019
09 Nov 2018Dividend₹3.50 / share—06 Nov 2018
—Dividend₹4.00 / share—11 Jul 2018
08 Nov 2017Dividend₹2.00 / share—07 Nov 2017
—Dividend₹2.50 / share—14 Jun 2017
02 Nov 2016Dividend₹1.00 / share—01 Nov 2016
—Annual General MeetingAnnual General Meeting—14 Jul 2016
23 Mar 2016Dividend₹1.00 / share—22 Mar 2016
29 Jan 2016Dividend₹1.50 / share—28 Jan 2016
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)39.62%-1.39% latest vs average
Highest delivery54.41%on 22 Sept
Average volume (20D)99.9KTrading-session average
Conviction trendWeakening-1.39% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹8.92L17.282.04%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.70L15.824.50%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.73L20.423.53%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.82L14.494.60%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.59L28.773.09%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.30L24.901.77%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.17L63.960.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.08L169.180.00%₹2,264.00₹184.00+18.41%+134.07%
About Mastek Limited
Mastek Limited

Established in 1982, Mastek is a provider of vertically-focused enterprise technology solutions. Having its presence in IT industry for almost 4 decades, Mastek Ltd has evolved from an IT solutions provider to Digital transformation partner.[1]

IndiaTechnology

Questions investors ask
Is Mastek Limited Shariah compliant?

Mastek Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (7.72%) complies with AAOIFI threshold (≤ 33%).

What is Mastek Limited's current valuation relative to peers?

Mastek Limited trades at a P/E of 13.7x compared to the sector median of 23x, and a Price-to-Book of 1.8x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.15x. Interest coverage is 16x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 3.9% while net profit growth averaged 6.1%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.