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Last Updated on: 30 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Mindteck (India) Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 29, 2024, 9:25 pm

Market Cap 969 Cr.
Current Price 304
High / Low 368/135
Stock P/E33.4
Book Value 76.7
Dividend Yield0.26 %
ROCE16.4 %
ROE13.2 %
Face Value 10.0
PEG Ratio0.32

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

View Share Price Target for Mindteck (India) Ltd

Competitors of Mindteck (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Visesh Infotecnics Ltd 125 Cr. 0.33 0.95/0.33 1.140.00 %0.88 %0.82 % 1.00
Mudunuru Ltd 26.5 Cr. 8.50 15.6/6.35 0.340.00 %72.9 %374 % 2.00
Naapbooks Ltd 133 Cr. 148 159/32.357.3 20.0%17.4 %13.6 %
IDream Film Infrastructure Company Ltd 1.41 Cr. 93.8 98.0/85.0 2950.00 %%% 10.0
IB Infotech Enterprises Ltd 25.2 Cr. 196 245/11333.1 16.80.51 %69.9 %50.5 % 10.0
Industry Average39,639.01 Cr792.0196.93123.260.60%21.51%61.86%6.88

All Competitor Stocks of Mindteck (India) Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales72.7272.5773.4275.9775.7273.6781.2684.0782.6688.7493.4198.4795.75
Expenses67.9865.1668.7369.8270.2669.2074.6877.9075.1881.8885.8189.7187.21
Operating Profit4.747.414.696.155.464.476.586.177.486.867.608.768.54
OPM %6.52%10.21%6.39%8.10%7.21%6.07%8.10%7.34%9.05%7.73%8.14%8.90%8.92%
Other Income1.000.4519.600.951.051.651.331.030.981.091.681.601.52
Interest0.350.320.290.180.210.240.250.250.260.250.260.220.22
Depreciation1.431.481.381.211.161.271.221.101.101.111.121.101.11
Profit before tax3.966.0622.625.715.144.616.445.857.106.597.909.048.73
Tax %63.38%10.56%5.13%22.77%13.42%35.14%20.50%19.15%22.39%17.91%21.14%18.03%17.64%
Net Profit1.455.4221.464.414.452.995.124.735.515.416.237.417.19
EPS in Rs0.572.128.381.721.731.161.991.832.142.142.462.932.84

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales223264329319312342297299276287299337363
Expenses224261300290291331296295272267278310333
Operating Profit-242929211114420212731
OPM %-1%1%9%9%7%3%0%1%2%7%7%8%8%
Other Income10112303-5952345
Interest0000001122111
Depreciation2112221276554
Profit before tax-3329282111-04-6416382631
Tax %-62%58%35%31%-25%19%-4,608%37%-1%33%13%20%
Net Profit-511919269-63-6511332125
EPS in Rs-2.030.437.457.6610.303.66-2.211.07-25.294.2412.958.229.67
Dividend Payout %0%0%13%13%10%27%-45%92%0%0%8%12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)120.00%1800.00%0.00%36.84%-65.38%-166.67%150.00%-2266.67%116.92%200.00%-36.36%
Change in YoY Net Profit Growth (%)0.00%1680.00%-1800.00%36.84%-102.23%-101.28%316.67%-2416.67%2383.59%83.08%-236.36%

Mindteck (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:5%
3 Years:10%
TTM:13%
Compounded Profit Growth
10 Years:4%
5 Years:60%
3 Years:36%
TTM:18%
Stock Price CAGR
10 Years:19%
5 Years:69%
3 Years:20%
1 Year:57%
Return on Equity
10 Years:3%
5 Years:8%
3 Years:12%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:31 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital25252525252525252525252532
Reserves104123139165172167170104115150166196212
Borrowings400010013268620
Other Liabilities37485642434444424146465254
Total Liabilities170195219231240236239184207229243276298
Fixed Assets909292919097101513838363331
CWIP0000000000000
Investments00000814000000
Other Assets80103127140150130125133169191207243268
Total Assets170195219231240236239184207229243276298

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-6142317-124-131534221322
Cash from Investing Activity +-1-2-111-12-213-25-19-7-12
Cash from Financing Activity +4-4-3-2-1-3-3-913-3-15-2
Net Cash Flow-381916-11-11-181922-0-98

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-2.000.0029.0029.0021.0010.001.004.00-9.00-6.0013.0021.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days646371687571867587899388
Inventory Days
Days Payable
Cash Conversion Cycle646371687571867587899388
Working Capital Days323231465957796852495756
ROCE %2%21%18%12%6%1%3%-1%12%12%14%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters64.01%63.91%63.90%63.84%63.79%64.40%65.04%65.01%64.93%64.91%64.83%64.61%
FIIs0.14%0.38%0.21%0.30%0.24%0.22%0.20%0.21%0.20%0.20%0.33%0.22%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%
Public34.23%34.09%34.27%34.24%34.35%33.74%33.11%33.13%33.23%33.23%33.92%35.15%
Others1.62%1.62%1.62%1.62%1.61%1.63%1.65%1.65%1.64%1.64%0.92%0.00%
No. of Shareholders14,74019,29722,32822,88622,85520,78319,96219,80919,27220,71022,24625,624

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)10.978.2613.194.31-25.71
Diluted EPS (Rs.)10.688.0812.904.23-25.71
Cash EPS (Rs.)12.6510.1815.156.84-22.91
Book Value[Excl.RevalReserv]/Share (Rs.)87.8376.5768.8855.3651.31
Book Value[Incl.RevalReserv]/Share (Rs.)87.8376.5768.8855.3651.31
Revenue From Operations / Share (Rs.)153.47135.45118.09113.73109.53
PBDIT / Share (Rs.)15.4812.6810.219.592.48
PBIT / Share (Rs.)13.7010.868.237.05-0.31
PBT / Share (Rs.)13.3510.4515.056.40-25.41
Net Profit / Share (Rs.)10.878.3513.174.31-25.70
NP After MI And SOA / Share (Rs.)10.878.3513.174.31-25.70
PBDIT Margin (%)10.089.368.648.422.25
PBIT Margin (%)8.928.016.966.20-0.28
PBT Margin (%)8.697.7112.745.62-23.20
Net Profit Margin (%)7.086.1611.143.78-23.46
NP After MI And SOA Margin (%)7.086.1611.143.78-23.46
Return on Networth / Equity (%)12.3710.9119.117.78-50.09
Return on Capital Employeed (%)15.2413.7411.3312.00-0.54
Return On Assets (%)9.918.5514.525.25-35.12
Total Debt / Equity (X)0.000.000.000.120.00
Asset Turnover Ratio (%)1.490.640.600.600.46
Current Ratio (X)4.654.223.492.643.04
Quick Ratio (X)4.654.223.492.643.04
Dividend Payout Ratio (NP) (%)9.1112.180.000.00-3.88
Dividend Payout Ratio (CP) (%)7.8310.000.000.00-4.36
Earning Retention Ratio (%)90.8987.820.000.00103.88
Cash Earning Retention Ratio (%)92.1790.000.000.00104.36
Interest Coverage Ratio (X)43.7031.2128.0914.652.76
Interest Coverage Ratio (Post Tax) (X)31.6921.5617.457.58-0.67
Enterprise Value (Cr.)385.23157.46254.3944.665.65
EV / Net Operating Revenue (X)0.990.460.850.150.02
EV / EBITDA (X)9.915.009.841.850.90
MarketCap / Net Operating Revenue (X)1.320.761.110.360.12
Retention Ratios (%)90.8887.810.000.00103.88
Price / BV (X)2.311.351.900.740.27
Price / Net Operating Revenue (X)1.320.761.110.360.12
EarningsYield0.050.080.100.10-1.85

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mindteck (India) Ltd as of December 30, 2024 is: 339.03

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 30, 2024, Mindteck (India) Ltd is Undervalued by 11.52% compared to the current share price 304.00

Intrinsic Value of Mindteck (India) Ltd as of December 30, 2024 is: 694.07

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 30, 2024, Mindteck (India) Ltd is Undervalued by 128.31% compared to the current share price 304.00

Last 5 Year EPS CAGR: 104.72%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (152.54 cr) compared to borrowings (4.62 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (303.62 cr) and profit (10.77 cr) over the years.
  1. The stock has a low average ROCE of 9.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 51.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 77.50, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Mindteck (India) Ltd:
    1. Net Profit Margin: 7.08%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 15.24% (Industry Average ROCE: 20.56%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 12.37% (Industry Average ROE: 56.94%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 31.69
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 4.65
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 33.4 (Industry average Stock P/E: 76.35)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

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. 114.25 Cr. and Equity Capital is Rs. 25.71 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareAMR Tech Park, Block 1, 3rd Floor # 664, 23/24, Bengaluru Karnataka 560068shivarama.adiga@mindteck.com
http://www.mindteck.com
Management
NamePosition Held
Mr. Yusuf LunewalaChairman
Mr. Anand BalakrishnanManaging Director & CEO
Mr. Meenaz DhananiNon Executive Director
Ms. Keyuri SinghNon Executive Director
Mr. Jagdish MalkaniIndependent Director
Mr. Guhan SubramaniamIndependent Director
Mr. Satish MenonIndependent Director
Mr. Subhas Bhushan DharIndependent Director

FAQ

What is the latest intrinsic value of Mindteck (India) Ltd?

The latest intrinsic value of Mindteck (India) Ltd as on 30 December 2024 is ₹339.03, which is 11.52% higher than the current market price of ₹304.00. The stock has a market capitalization of 969 Cr. and recorded a high/low of 368/135 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹212 Cr and total liabilities of ₹298 Cr.

What is the Market Cap of Mindteck (India) Ltd?

The Market Cap of Mindteck (India) Ltd is 969 Cr..

What is the current Stock Price of Mindteck (India) Ltd as on 30 December 2024?

The current stock price of Mindteck (India) Ltd as on 30 December 2024 is 304.

What is the High / Low of Mindteck (India) Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Mindteck (India) Ltd stocks is 368/135.

What is the Stock P/E of Mindteck (India) Ltd?

The Stock P/E of Mindteck (India) Ltd is 33.4.

What is the Book Value of Mindteck (India) Ltd?

The Book Value of Mindteck (India) Ltd is 76.7.

What is the Dividend Yield of Mindteck (India) Ltd?

The Dividend Yield of Mindteck (India) Ltd is 0.26 %.

What is the ROCE of Mindteck (India) Ltd?

The ROCE of Mindteck (India) Ltd is 16.4 %.

What is the ROE of Mindteck (India) Ltd?

The ROE of Mindteck (India) Ltd is 13.2 %.

What is the Face Value of Mindteck (India) Ltd?

The Face Value of Mindteck (India) Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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