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Last Updated: April 2, 2026, 3:20 am
Author: Getaka|Social: XLinkedIn

Mindteck (India) Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹151.78Fairly Valued by 6.31%vs CMP ₹162.00

P/E (17.2) × ROE (12.5%) × BV (₹87.70) × DY (0.62%)

₹106.16Overvalued by 34.47%vs CMP ₹162.00
MoS: -52.6% (Negative)Confidence: 67/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹146.9223%Fair (-9.3%)
Graham NumberEarnings₹131.9216%Over (-18.6%)
Earnings PowerEarnings₹66.8811%Over (-58.7%)
DCFCash Flow₹88.0714%Over (-45.6%)
Net Asset ValueAssets₹87.747%Over (-45.8%)
EV/EBITDAEnterprise₹98.399%Over (-39.3%)
Earnings YieldEarnings₹88.207%Over (-45.6%)
ROCE CapitalReturns₹89.627%Over (-44.7%)
Revenue MultipleRevenue₹66.435%Over (-59%)
Consensus (9 models)₹106.16100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -3.2%

*Investments are subject to market risks

Investment Snapshot

62
Mindteck (India) Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health81/100 · Strong
ROCE 15.5% GoodROE 12.5% GoodD/E 0.12 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 64.2% Stable
Earnings Quality60/100 · Moderate
OPM stable around 8% SteadyWorking capital: 53 days (improving) Efficient
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -3% YoY FlatProfit (4Q): -1% YoY Declining
Industry Rank65/100 · Strong
P/E 17.2 vs industry 98.1 Cheaper than peersROCE 15.5% vs industry 14.9% Average3Y sales CAGR: 12% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:20 am

Market Cap 517 Cr.
Current Price 162
Intrinsic Value₹106.16
High / Low 308/141
Stock P/E17.2
Book Value 87.7
Dividend Yield0.62 %
ROCE15.5 %
ROE12.5 %
Face Value 10.0
PEG Ratio-5.37

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Mindteck (India) Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Mindteck (India) Ltd 517 Cr. 162 308/14117.2 87.70.62 %15.5 %12.5 % 10.0
Onward Technologies Ltd 513 Cr. 226 385/20610.8 1022.22 %15.6 %12.5 % 10.0
Allied Digital Services Ltd 551 Cr. 97.5 227/86.315.0 1081.54 %10.9 %5.31 % 5.00
Vakrangee Ltd 587 Cr. 5.42 11.6/4.6150.2 1.930.00 %5.86 %3.65 % 1.00
Xchanging Solutions Ltd 592 Cr. 53.1 105/47.510.2 32.93.76 %15.4 %13.9 % 10.0
Industry Average17,316.11 Cr418.4898.13120.780.77%14.90%21.00%6.77

All Competitor Stocks of Mindteck (India) Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 82.6688.7493.4198.4795.7597.90108.15108.23104.02104.02101.30101.63100.46
Expenses 75.1881.8885.8189.7187.2190.3799.1599.6494.9295.4591.6894.4290.01
Operating Profit 7.486.867.608.768.547.539.008.599.108.579.627.2110.45
OPM % 9.05%7.73%8.14%8.90%8.92%7.69%8.32%7.94%8.75%8.24%9.50%7.09%10.40%
Other Income 0.981.091.681.601.521.660.231.751.832.002.654.02-3.08
Interest 0.260.250.260.220.220.190.180.190.370.360.340.290.25
Depreciation 1.101.111.121.101.111.141.131.141.241.171.171.151.14
Profit before tax 7.106.597.909.048.737.867.929.019.329.0410.769.795.98
Tax % 22.39%17.91%21.14%18.03%17.64%17.56%19.44%15.98%14.91%24.78%18.68%22.78%15.55%
Net Profit 5.515.416.237.417.196.486.387.577.936.808.757.565.05
EPS in Rs 1.711.711.972.342.282.042.012.382.492.132.742.371.58

Last Updated: March 3, 2026, 8:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 1:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 329319312342297299276287299337386424407
Expenses 300290291331296295272267278310353389372
Operating Profit 29292111144202127323536
OPM % 9%9%7%3%0%1%2%7%7%8%8%8%9%
Other Income 112303-595234666
Interest 0000112211111
Depreciation 1222127655455
Profit before tax 29282111-04-64163826343536
Tax % 35%31%-25%19%4,608%37%1%33%13%20%19%19%
Net Profit 1919269-63-65113321272928
EPS in Rs 5.966.138.232.93-1.770.86-20.253.3910.386.578.628.998.82
Dividend Payout % 13%13%10%27%-45%92%0%0%8%12%9%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%36.84%-65.38%-166.67%150.00%-2266.67%116.92%200.00%-36.36%28.57%7.41%
Change in YoY Net Profit Growth (%)0.00%36.84%-102.23%-101.28%316.67%-2416.67%2383.59%83.08%-236.36%64.94%-21.16%

Mindteck (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:9%
3 Years:12%
TTM:4%
Compounded Profit Growth
10 Years:5%
5 Years:49%
3 Years:20%
TTM:8%
Stock Price CAGR
10 Years:17%
5 Years:49%
3 Years:22%
1 Year:-32%
Return on Equity
10 Years:3%
5 Years:12%
3 Years:12%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: December 10, 2025, 3:05 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 25252525252525252525253232
Reserves 123139165172167170104115150166196228248
Borrowings 000100132686276
Other Liabilities 48564243444442414646525453
Total Liabilities 195219231240236239184207229243276322339
Fixed Assets 929291909710151383836333835
CWIP 0000000000000
Investments 00008140000000
Other Assets 103127140150130125133169191207243284304
Total Assets 195219231240236239184207229243276322339

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 142317-124-13153422132224
Cash from Investing Activity + -2-111-12-213-25-19-7-12-5
Cash from Financing Activity + -4-3-2-1-3-3-913-3-15-21
Net Cash Flow 81916-11-11-181922-0-9820
Free Cash Flow 122117-131-14133321112123
CFO/OP 73%100%113%-53%716%-135%412%172%123%69%93%89%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow29.0029.0021.0010.001.004.00-9.00-6.0013.0021.0030.0028.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 637168757186758789938887
Inventory Days
Days Payable
Cash Conversion Cycle 637168757186758789938887
Working Capital Days 323146585779622445535453
ROCE %21%18%12%6%1%3%-1%12%12%14%16%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 65.04%65.01%64.93%64.91%64.83%64.61%64.49%64.49%64.36%64.20%64.20%64.20%
FIIs 0.20%0.21%0.20%0.20%0.33%0.22%0.04%0.02%0.18%0.00%0.00%0.07%
DIIs 0.00%0.00%0.00%0.00%0.00%0.02%0.00%0.00%0.00%0.00%0.00%0.00%
Public 33.11%33.13%33.23%33.23%33.92%35.15%35.47%35.49%35.46%35.79%35.79%35.72%
Others 1.65%1.65%1.64%1.64%0.92%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders 19,96219,80919,27220,71022,24625,62432,69832,07832,29232,47831,60331,956

Shareholding Pattern Chart

No. of Shareholders

Mindteck (India) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 9.0210.978.2613.194.31
Diluted EPS (Rs.) 8.9810.688.0812.904.23
Cash EPS (Rs.) 10.4512.6510.1815.156.84
Book Value[Excl.RevalReserv]/Share (Rs.) 81.3687.8376.5768.8855.36
Book Value[Incl.RevalReserv]/Share (Rs.) 81.3687.8376.5768.8855.36
Revenue From Operations / Share (Rs.) 133.01153.47135.45118.09113.73
PBDIT / Share (Rs.) 13.4115.4812.6810.219.59
PBIT / Share (Rs.) 11.9513.7010.868.237.05
PBT / Share (Rs.) 11.0613.3510.4515.056.40
Net Profit / Share (Rs.) 8.9910.878.3513.174.31
NP After MI And SOA / Share (Rs.) 8.9910.878.3513.174.31
PBDIT Margin (%) 10.0810.089.368.648.42
PBIT Margin (%) 8.988.928.016.966.20
PBT Margin (%) 8.318.697.7112.745.62
Net Profit Margin (%) 6.757.086.1611.143.78
NP After MI And SOA Margin (%) 6.757.086.1611.143.78
Return on Networth / Equity (%) 11.0412.3710.9119.117.78
Return on Capital Employeed (%) 14.1815.2413.7411.3312.00
Return On Assets (%) 8.919.918.5514.525.25
Total Debt / Equity (X) 0.000.000.000.000.12
Asset Turnover Ratio (%) 1.421.490.640.600.60
Current Ratio (X) 4.684.654.223.492.64
Quick Ratio (X) 4.684.654.223.492.64
Dividend Payout Ratio (NP) (%) 8.899.1112.180.000.00
Dividend Payout Ratio (CP) (%) 7.647.8310.000.000.00
Earning Retention Ratio (%) 91.1190.8987.820.000.00
Cash Earning Retention Ratio (%) 92.3692.1790.000.000.00
Interest Coverage Ratio (X) 38.9143.7031.2128.0914.65
Interest Coverage Ratio (Post Tax) (X) 28.6531.6921.5617.457.58
Enterprise Value (Cr.) 396.93385.23157.46254.3944.66
EV / Net Operating Revenue (X) 0.930.990.460.850.15
EV / EBITDA (X) 9.279.915.009.841.85
MarketCap / Net Operating Revenue (X) 1.251.320.761.110.36
Retention Ratios (%) 91.1090.8887.810.000.00
Price / BV (X) 2.052.311.351.900.74
Price / Net Operating Revenue (X) 1.251.320.761.110.36
EarningsYield 0.050.050.080.100.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Mindteck (India) Ltd. is a Public Limited Listed company incorporated on 25/07/1991 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L30007KA1991PLC039702 and registration number is 039702. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company's Total Operating Revenue is Rs. 155.09 Cr. and Equity Capital is Rs. 31.91 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareAMR Tech Park, Block 1, 3rd Floor # 664, 23/24, Bengaluru Karnataka 560068Contact not found
Management
NamePosition Held
Mr. Yusuf LunewalaChairman
Mr. Meenaz DhananiNon Executive Director
Ms. Keyuri SinghIndependent Director
Mr. Guhan SubramaniamIndependent Director
Mr. Subhas Bhushan DharIndependent Director
Mr. Satish MenonIndependent Director

FAQ

What is the intrinsic value of Mindteck (India) Ltd and is it undervalued?

As of 12 April 2026, Mindteck (India) Ltd's intrinsic value is ₹106.16, which is 34.47% lower than the current market price of ₹162.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.5 %), book value (₹87.7), dividend yield (0.62 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Mindteck (India) Ltd?

Mindteck (India) Ltd is trading at ₹162.00 as of 12 April 2026, with a FY2026-2027 high of ₹308 and low of ₹141. The stock is currently near its 52-week low. Market cap stands at ₹517 Cr..

How does Mindteck (India) Ltd's P/E ratio compare to its industry?

Mindteck (India) Ltd has a P/E ratio of 17.2, which is below the industry average of 98.13. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Mindteck (India) Ltd financially healthy?

Key indicators for Mindteck (India) Ltd: ROCE of 15.5 % indicates efficient capital utilization. Dividend yield is 0.62 %.

Is Mindteck (India) Ltd profitable and how is the profit trend?

Mindteck (India) Ltd reported a net profit of ₹29 Cr in Mar 2025 on revenue of ₹424 Cr. Compared to ₹33 Cr in Mar 2022, the net profit shows a declining trend.

Does Mindteck (India) Ltd pay dividends?

Mindteck (India) Ltd has a dividend yield of 0.62 % at the current price of ₹162.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mindteck (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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