Mastek Limited MASTEK NSEAITECH
Company Overview
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 engineering and experience services, such as cloud migration, cloud engineering, low code, devsecops, quality engineering, MACH, platform engineering, digital experience, digital commerce, and enterprise integrations; data and artificial intelligence (AI) services, including cloud data modernization, cloud engineering, data governance, business intelligence and analytics, intelligent automation, decision sciences and ML, and AI; oracle cloud services, comprising AI, cloud applications, Glide 4.0, e-business suite, consulting, advantedge IaaS, SAP to cloud migration, PeopleSoft to cloud migration, analytics cloud, cloud infrastructure, autonomous data warehouse, value-based analytics, and oracle cloud; and salesforce, such as sales cloud, service cloud, experience cloud, marketing cloud, commerce cloud, industry cloud, mulesoft, data cloud, and Agentforce. It also provides managed platforms; and strategy and consulting services. In addition, The company is involved in the software application development and maintenance, and IT consulting and related activities. 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.
Why Investors Should Care
Return on capital employed stands at 16.6%.
Net profit has compounded at 11.3% per year over the last five years.
Revenue has grown at a 13.1% CAGR over the past five years.
Trades at a P/E of 13.8, below the sector median of 24.8.
Carries low leverage with a debt-to-equity ratio of 0.15.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹3,698.75 Cr (+7.0% YoY); net profit ₹404.00 Cr.
- Trailing 12 Months Year-on-year growth — revenue +7.7%, earnings +15.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 13.1%, profit CAGR 11.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 13.08% |
| 1 Year: | 7.70% |
Compounded Profit Growth
| 5 Years: | 11.30% |
| 1 Year: | 15.00% |
Stock Price Performance
| 1 Year: | -25.81% |
| 6 Months: | +7.33% |
| 3 Months: | +10.93% |
| 1 Month: | +16.23% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Mastek focuses on cloud transformation + AI for UK govt, US enterprise. Acquired Evosys (Oracle Cloud) and BizAnalytica.
- AI-led digital transformation Mastek embeds GenAI in Oracle Cloud, data and digital-engineering services for government, retail and healthcare clients in the UK, US and Middle East.
- Data & AI analytics practice Its data-analytics and AI practice helps clients modernise applications and unlock decision intelligence.
- Partner-platform AI Co-built AI solutions on Oracle and cloud platforms extend Mastek's enterprise-AI footprint.
- Niche mid-cap IT using AI to deepen Oracle-cloud and public-sector relationships.
- Attractive valuation (P/E ~11) with ROCE ~18% and strong free cash flow.
- AI-led modernisation supports growth re-acceleration if demand recovers.
- Client and geographic concentration are key risks.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 13.1% over 5 years.
- Profit CAGR of 11.3% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 28.2% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MASTEK Mastek Limited NSEAITECH | 1,847.20 | 13.80 | ₹5,727.50 Cr | 1.45% | 16.62% | 13.50% | 13.08% | 11.30% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,529.00 | 17.73 | ₹9.15 L Cr | 3.12% | 54.93% | 47.74% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,168.00 | 15.50 | ₹4.73 L Cr | 5.02% | 41.66% | 32.00% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,424.20 | 22.16 | ₹3.85 L Cr | 5.10% | 27.21% | 24.07% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 189.17 | 15.03 | ₹1.87 L Cr | 5.01% | 17.85% | 16.13% | 0.78% | 5.16% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,834.70 | 31.72 | ₹1.63 L Cr | 3.42% | 19.82% | 16.24% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,298.00 | 24.38 | ₹1.27 L Cr | 1.92% | 25.39% | 21.97% | 8.43% | 4.41% |
| 8 | LGEINDIA LG Electronics India Limited NIFTY_MIDNSETECH | 1,662.60 | 61.83 | ₹1.13 L Cr | 0.00% | 27.64% | 21.98% | 1.25% | - |
| 9 | PAYTM One97 Communications Limited NIFTY_MIDNSEAITECH | 1,670.00 | 167.33 | ₹1.07 L Cr | 0.00% | 3.68% | 3.45% | 2.20% | 43.71% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 709.00 Cr | 725.00 Cr | 766.00 Cr | 784.00 Cr | 780.00 Cr | 813.00 Cr | 867.00 Cr | - | 905.42 Cr | 914.70 Cr | 940.00 Cr | 905.68 Cr | 938.00 Cr | 985.25 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 477.54 Cr | 489.96 Cr | - | 491.59 Cr | 502.98 Cr | 532.56 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 427.88 Cr | 424.74 Cr | - | 414.09 Cr | 435.02 Cr | 452.69 Cr |
| Operating Expenses | 584.00 Cr | 598.00 Cr | 642.00 Cr | 651.00 Cr | 655.00 Cr | 689.00 Cr | 724.00 Cr | - | 307.79 Cr | 305.84 Cr | 795.00 Cr | 286.35 Cr | 302.74 Cr | 319.67 Cr |
| Operating Income | 106.00 Cr | 107.00 Cr | 102.00 Cr | 112.00 Cr | 98.00 Cr | 104.00 Cr | 123.00 Cr | - | 120.09 Cr | 118.90 Cr | 128.00 Cr | 127.74 Cr | 132.28 Cr | 133.02 Cr |
| EBITDA | 126.00 Cr | 127.00 Cr | 123.00 Cr | 134.00 Cr | 125.00 Cr | 124.00 Cr | 143.00 Cr | - | 134.20 Cr | 147.88 Cr | 146.00 Cr | 166.48 Cr | 150.89 Cr | 163.39 Cr |
| Interest Expense | 9.00 Cr | 9.00 Cr | 13.00 Cr | 13.00 Cr | 9.00 Cr | 9.00 Cr | 11.00 Cr | - | 9.62 Cr | 8.76 Cr | 9.00 Cr | 7.44 Cr | 7.19 Cr | 6.59 Cr |
| Pretax Income | 96.00 Cr | 100.00 Cr | 90.00 Cr | 102.00 Cr | 94.00 Cr | 99.00 Cr | 129.00 Cr | - | 105.92 Cr | 120.70 Cr | 134.00 Cr | 141.19 Cr | 125.23 Cr | 138.46 Cr |
| Tax Provision | 24.00 Cr | 27.00 Cr | 25.20 Cr | 24.48 Cr | -94.00 L | 27.72 Cr | 0 | - | 24.85 Cr | 28.65 Cr | 36.18 Cr | 32.84 Cr | 19.08 Cr | 32.58 Cr |
| Net Income | 73.00 Cr | 74.00 Cr | 65.00 Cr | 78.00 Cr | 94.00 Cr | 72.00 Cr | 129.00 Cr | - | 81.07 Cr | 92.05 Cr | 97.00 Cr | 108.35 Cr | 106.15 Cr | 105.88 Cr |
| Diluted EPS | 23.77 | 22.91 | 20.50 | 24.56 | 29.85 | 23.18 | 41.68 | - | 26.01 | 29.50 | 31.46 | 34.71 | 34.01 | 33.93 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,013.00 Cr | 527.00 Cr | 560.00 Cr | 817.00 Cr | 1,033.00 Cr | 1,071.00 Cr | 1,722.00 Cr | - | 2,558.20 Cr | 3,049.24 Cr | 3,455.23 Cr | 3,698.75 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 1,317.44 Cr | 1,599.46 Cr | 1,859.03 Cr | 1,972.60 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 1,240.76 Cr | 1,449.78 Cr | 1,596.20 Cr | 1,726.15 Cr |
| Operating Expenses | 965.00 Cr | 509.00 Cr | 515.00 Cr | 718.00 Cr | 902.00 Cr | 916.00 Cr | 1,357.00 Cr | - | 849.56 Cr | 1,014.16 Cr | 1,124.87 Cr | 1,213.20 Cr |
| Operating Income | 10.00 Cr | 2.00 Cr | 30.00 Cr | 81.00 Cr | 115.00 Cr | 131.00 Cr | 319.00 Cr | - | 391.20 Cr | 435.62 Cr | 471.33 Cr | 512.95 Cr |
| EBITDA | 47.00 Cr | 18.00 Cr | 45.00 Cr | 100.00 Cr | 132.00 Cr | 156.00 Cr | 364.00 Cr | - | 519.15 Cr | 518.66 Cr | 576.34 Cr | 625.85 Cr |
| Interest Expense | 1.00 Cr | 0 | 4.00 Cr | 6.00 Cr | 6.00 Cr | 4.00 Cr | 8.00 Cr | - | 24.41 Cr | 42.56 Cr | 42.06 Cr | 32.02 Cr |
| Pretax Income | 22.00 Cr | 16.00 Cr | 39.00 Cr | 96.00 Cr | 133.00 Cr | 144.00 Cr | 339.00 Cr | - | 427.37 Cr | 386.19 Cr | 459.16 Cr | 521.22 Cr |
| Tax Provision | 4.40 Cr | 2.72 Cr | 6.63 Cr | 25.92 Cr | 31.92 Cr | 30.24 Cr | 88.14 Cr | - | 117.10 Cr | 75.22 Cr | 83.23 Cr | 117.22 Cr |
| Net Income | 18.00 Cr | 14.00 Cr | 32.00 Cr | 70.00 Cr | 101.00 Cr | 114.00 Cr | 252.00 Cr | - | 293.01 Cr | 300.29 Cr | 375.93 Cr | 404.00 Cr |
| Diluted EPS | 7.86 | 5.97 | 13.86 | 29.53 | 42.33 | 44.82 | 82.97 | - | 95.53 | 97.25 | 120.65 | 129.50 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 832.00 Cr | 428.00 Cr | 705.00 Cr | 821.00 Cr | 966.00 Cr | 1,888.00 Cr | 2,277.00 Cr | - | 3,140.90 Cr | 3,685.13 Cr | 3,861.88 Cr | 4,308.83 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 1,240.20 Cr | 1,543.97 Cr | 1,825.85 Cr | 2,114.34 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 207.64 Cr | 381.12 Cr | 460.76 Cr | 704.33 Cr |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | 506.63 Cr | 561.31 Cr | 737.61 Cr | 579.84 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 1,366.39 Cr | 1,597.72 Cr | 1,399.54 Cr | 1,316.98 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 735.51 Cr | 1,090.44 Cr | 938.45 Cr | 980.31 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 269.04 Cr | 313.30 Cr | 379.23 Cr | 225.48 Cr |
| Total Debt | 29.00 Cr | 0 | 66.00 Cr | 70.00 Cr | 70.00 Cr | 335.00 Cr | 273.00 Cr | - | 404.23 Cr | 518.96 Cr | 583.13 Cr | 438.26 Cr |
| Total Equity | 596.00 Cr | 320.00 Cr | 469.00 Cr | 549.00 Cr | 716.00 Cr | 790.00 Cr | 859.00 Cr | - | 1,683.41 Cr | 2,087.41 Cr | 2,462.34 Cr | 2,991.85 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 3.05 Cr | 3.08 Cr | 3.09 Cr | 3.10 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 59.00 Cr | 32.00 Cr | 43.00 Cr | 65.00 Cr | 75.00 Cr | 184.00 Cr | 287.00 Cr | - | 107.67 Cr | 420.37 Cr | 396.39 Cr | 541.69 Cr |
| Investing Cash Flow | -28.00 Cr | -84.00 Cr | -127.00 Cr | -18.00 Cr | -54.00 Cr | -262.00 Cr | 218.00 Cr | - | -737.64 Cr | -256.49 Cr | -276.60 Cr | -66.16 Cr |
| Financing Cash Flow | 22.00 Cr | -4.00 Cr | 65.00 Cr | -7.00 Cr | -16.00 Cr | 205.00 Cr | -118.00 Cr | - | 92.57 Cr | 1.83 Cr | -56.85 Cr | -299.99 Cr |
| Capital Expenditure | -49.00 Cr | -12.00 Cr | -12.00 Cr | -15.00 Cr | -15.00 Cr | -15.00 Cr | -11.00 Cr | - | -31.50 Cr | -31.45 Cr | -20.13 Cr | -27.99 Cr |
| Free Cash Flow | 10.00 Cr | 20.00 Cr | 31.00 Cr | 50.00 Cr | 60.00 Cr | 169.00 Cr | 276.00 Cr | - | 76.17 Cr | 388.92 Cr | 376.26 Cr | 513.70 Cr |
| Net Change in Cash | 53.00 Cr | -57.00 Cr | -20.00 Cr | 40.00 Cr | 5.00 Cr | 127.00 Cr | 387.00 Cr | - | -537.40 Cr | 165.71 Cr | 62.94 Cr | 175.54 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 48.5% | 47.5% | 46.2% | 46.7% |
| Operating Margin % | 1.0% | 0.4% | 5.4% | 9.9% | 11.1% | 12.2% | 18.5% | - | 15.3% | 14.3% | 13.6% | 13.9% |
| Net Margin % | 1.8% | 2.7% | 5.7% | 8.6% | 9.8% | 10.6% | 14.6% | - | 11.5% | 9.8% | 10.9% | 10.9% |
| ROE % | 3.0% | 4.4% | 6.8% | 12.8% | 14.1% | 14.4% | 29.3% | - | 17.4% | 14.4% | 15.3% | 13.5% |
| ROCE % | - | - | - | - | - | - | - | - | 16.3% | 16.8% | 16.1% | 15.4% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for MASTEK
Mastek Plans Mumbai Non-Deal Roadshow for Investor Meetings - The Globe and Mail
<a href="https://news.google.com/rss/articles/CBMi1wFBVV95cUxNYVV6LTk5VkRjLThsNW9RODNhSHh5Z2ZKVTV0Rk5GZGY1NWNHUGhqUDN0ZGlmTlNoa2pvVjZsaWVGNHVyNUpuT2JOR3ZIYkprbndabzVOSlc4Wm1IOXRpQzlJdDJTTC1CUWI0ODVZeHljOERBd0pOUG9VblZla3N3ZzhMLXVXRUp4aFBLcl…
MASTEK Forecast — Price Target — Prediction for 2027 - TradingView
<a href="https://news.google.com/rss/articles/CBMieEFVX3lxTE5ONS1DYUtxanpVcVpGdS11NHhSRGlHdzFVMlVKNlFiSUl4M2JSX1l1TnIzVGZkV1BVNTcxd3k0VV9IRUZvbHhUcUlLajhuemhBS2MxX29GNkl4UzZZRjNBTnh2cjB2UWQ2QWp3QjJXQ0tpNHhpRkNXYw?oc=5" target="_blank">MASTE…
Earnings call transcript: Mastek Q1 2026 revenue rises as stock slips 2% - Investing.com
<a href="https://news.google.com/rss/articles/CBMixAFBVV95cUxOTUdDbUcyM3dvaUQ3c1RpWDZxNWpHNWF3WEtLZ2NTT2stX05zUTdVbzhTUmdZU0s1MXhuQ0ExcDU2ZWkwbUp5ZUJQRkxrdm5LZGRncjZVT3Qxb0s5TER0QjlheVJHSU1HTjlOeFROTURFZnhHTzNnSTVwdWJhUnM3UFBja1l0d2xTVnQtdm…
Mastek gains 3% as AI-led Oracle cloud transformation deal lifts stock - Business Standard
<a href="https://news.google.com/rss/articles/CBMi0gFBVV95cUxQU2JXQ3VranZiRkNXQllYM05NZjNvUG1adjVLTjVkMWpDVkZOWmE4MzRGajBQZHc1akRMZldoOUFHVmJYYm5LSGFnWmRPWGRDSUlsT0ZoejhoV0FhTGgyeTNadWpIb01od1FkMnBpalczc2IyT2ZqQlFEOEtVY1BKZFkyU0VfUW85T1dqal…
Compare Mastek with - Equitymaster
<a href="https://news.google.com/rss/articles/CBMitAFBVV95cUxNSGZfWUp2MUFqREFiTFZLR0hVb2FLT3RtSzdEOG1oUkw4eUpzWVJCemNfQmlLQ1NSUEpWZ19sMHd3VzNuSmQ4bHlNSF9rRzdfbFJrTXRTYjJGYXlLMm1uUF9aUkk5X2FOYlk5MndJejVFWTZleXhKSWNxbDB5QTBrUXlhVDBxcEgxS1F1cj…
Mastek to host institutional investor roadshow in Mumbai on Oct 26 - scanx.trade
<a href="https://news.google.com/rss/articles/CBMitAFBVV95cUxQMEZxT2lXSVoxbGlTSlJYSzJmT3Z5b1dQNmdCYV9Pcl9BSUo5M18tY0NIYVBRVkxzc29IS3lIN3czbk9tQVVJc1V3XzF4LVJJejhlTkM3dzg1ZXYxT0hKdzhJbG1TS1FNTzEtUE9nRzdaQ1hIbWlIalhyMnZmLUJfVUppblJEV2ZSdWk4VU…
MASTEK — Frequently Asked Questions
What is the current share price of Mastek Limited (MASTEK)?
As of 2026-10-23 04:58 IST, Mastek Limited (MASTEK) trades at ₹1,847.20 on NSE. Its 52-week range is ₹1,330.91 to ₹2,574.50.
What is the market capitalisation of MASTEK?
Mastek Limited (MASTEK) has a market capitalisation of ₹5,727.50 Cr on NSE.
What is the P/E ratio of MASTEK?
MASTEK trades at a trailing price-to-earnings (P/E) ratio of 13.80. The industry average P/E is 24.84. Its price-to-book (P/B) ratio is 1.68.
Does MASTEK pay a dividend?
Mastek Limited (MASTEK) currently offers a dividend yield of 1.45%.
What is the return on equity (ROE) of MASTEK?
MASTEK has a return on equity (ROE) of 13.50%. Its return on capital employed (ROCE) is 16.62%.
Is MASTEK a good stock to buy?
This page provides a data-driven analysis of Mastek Limited (MASTEK), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.