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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Mindteck (India) Ltd

About the Company - Mindteck (India) Ltd

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

Basic Stock Data of Mindteck (India) Ltd

Last Updated: July 24, 2024, 10:53 pm

Market Cap 976 Cr.
Current Price 383
High / Low411/118
Stock P/E35.8
Book Value 87.2
Dividend Yield0.26 %
ROCE16.4 %
ROE13.2 %
Face Value 10.0
PEG Ratio0.34

Data Source: screener.in

Competitors of Mindteck (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Empower India Ltd 260 Cr. 2.233.86/0.5437.6 2.540.00 %2.38 %2.35 % 1.00
Elnet Technologies Ltd 142 Cr. 356399/2108.13 3480.56 %17.9 %13.4 % 10.0
Ekennis Software Service Ltd 14.7 Cr. 105169/80.0 35.80.00 %1.55 %0.00 % 10.0
eDynamics Solutions Ltd 8.23 Cr. 3.223.22/1.14 13.90.00 %0.06 %0.06 % 10.0
ECS Biztech Ltd 24.5 Cr. 11.914.2/5.928.73 1.040.00 %4.78 %% 10.0
Industry Average52,128.93 Cr747.6986.74116.400.63%20.91%20.82%6.77

Mindteck (India) Ltd Quarterly Results

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: July 10, 2024, 7:44 pm

Mindteck (India) Ltd Quarterly Chart

Mindteck (India) Ltd Profit & Loss

Last Updated: July 10, 2024, 7:44 pm

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%

Mindteck (India) Ltd Profit & Loss Yearly Chart

Mindteck (India) Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:5%
3 Years:10%
TTM:14%
Compounded Profit Growth
10 Years:4%
5 Years:60%
3 Years:36%
TTM:31%
Stock Price CAGR
10 Years:26%
5 Years:58%
3 Years:52%
1 Year:176%
Return on Equity
10 Years:3%
5 Years:8%
3 Years:12%
Last Year:13%

Last Updated: July 25, 2024, 5:48 am

Mindteck (India) Ltd Balance Sheet

Last Updated: July 10, 2024, 7:44 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital24252525252525252525252525
Reserves102104123139165172167170104115150166177
Borrowings040001001326864
Other Liabilities31374856424344444241464650
Total Liabilities158170195219231240236239184207229243256
Fixed Assets909092929190971015138383634
CWIP0000000000000
Investments00000081400000
Other Assets6880103127140150130125133169191207222
Total Assets158170195219231240236239184207229243256

Mindteck (India) Ltd Reserves and Borrowings Chart

Mindteck (India) Ltd 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

Mindteck (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days566463716875718675878993
Inventory Days
Days Payable
Cash Conversion Cycle566463716875718675878993
Working Capital Days303232314659577968524957
ROCE %-2%2%21%18%12%6%1%3%-1%12%12%14%

Mindteck (India) Ltd Financial Efficiency Indicators Chart

Mindteck (India) Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters64.09%64.01%63.91%63.90%63.84%63.79%64.40%65.04%65.01%64.93%64.91%64.83%
FIIs0.00%0.14%0.38%0.21%0.30%0.24%0.22%0.20%0.21%0.20%0.20%0.33%
Public34.29%34.23%34.09%34.27%34.24%34.35%33.74%33.11%33.13%33.23%33.23%33.92%
Others1.62%1.62%1.62%1.62%1.62%1.61%1.63%1.65%1.65%1.64%1.64%0.92%
No. of Shareholders11,11914,74019,29722,32822,88622,85520,78319,96219,80919,27220,71022,246

Mindteck (India) Ltd Shareholding Pattern Chart

No. of Mindteck (India) Ltd Shareholders

This stock is not held by any mutual fund

Mindteck (India) Ltd ROCE Trend

Mindteck (India) Ltd EPS Trend

Mindteck (India) Ltd 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

Mindteck (India) Ltd Profitability Ratios (%)

Mindteck (India) Ltd Liquidity Ratios

Mindteck (India) Ltd Liquidity Ratios (%)

Mindteck (India) Ltd Interest Coverage Ratios (%)

Mindteck (India) Ltd Valuation Ratios

Fair Value

Fair Value: 413.14

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.

Undervalued: 7.87% compared to the current price 383

Intrinsic Value: 845.79

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 120.83% compared to the current price 383

Last 5 Year EPS CAGR: 104.72%

*Investments are subject to market risks

Strength and Weakness of Mindteck (India) Ltd Stock

StrengthWeakness
  1. The company has higher reserves (147.58 cr) compared to borrowings (5.00 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 8.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 49.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 74.83, which may not be favorable.

FAQ

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

The latest fair value of Mindteck (India) Ltd is ₹413.14.

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

The Market Cap of Mindteck (India) Ltd is 976 Cr..

What is the current Stock Price of Mindteck (India) Ltd as on 25 July 2024?

The current stock price of Mindteck (India) Ltd as on 25 July 2024 is 383.

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

In FY 2024, the High / Low of Mindteck (India) Ltd stocks is 411/118.

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

The Stock P/E of Mindteck (India) Ltd is 35.8.

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

The Book Value of Mindteck (India) Ltd is 87.2.

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