Mindteck (India)
Market Cap
₹352.9m
Last Updated
2020/03/31 13:07 UTC
Data Sources
Company Financials
Executive Summary
Mindteck (India) Limited provides product engineering and information technology (IT) services in the United States, India, and internationally.
Snowflake Analysis
Flawless balance sheet unattractive dividend payer.
Similar Companies
Share Price & News
How has Mindteck (India)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 517344's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-8.6%
517344
8.5%
IN IT
8.9%
IN Market
1 Year Return
-62.3%
517344
-18.3%
IN IT
-30.6%
IN Market
Return vs Industry: 517344 underperformed the Indian IT industry which returned -18.3% over the past year.
Return vs Market: 517344 underperformed the Indian Market which returned -30.6% over the past year.
Shareholder returns
| 517344 | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.6% | 8.5% | 8.9% |
| 30 Day | -32.0% | -15.3% | -24.8% |
| 90 Day | -46.9% | -19.5% | -29.4% |
| 1 Year | -61.2%-62.3% | -15.8%-18.3% | -29.2%-30.6% |
| 3 Year | -82.3%-83.3% | 34.0%25.7% | -17.0%-21.5% |
| 5 Year | -81.2%-82.8% | 28.3%16.0% | -5.4%-10.4% |
Price Volatility Vs. Market
How volatile is Mindteck (India)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Mindteck (India) undervalued compared to its fair value and its price relative to the market?
0.18x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 517344 (₹13.9) is trading above our estimate of fair value (₹13.64)
Significantly Below Fair Value: 517344 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 517344 is unprofitable, so we can't compare its PE Ratio to the IT industry average.
PE vs Market: 517344 is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 517344's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 517344 is good value based on its PB Ratio (0.2x) compared to the IN IT industry average (0.7x).
Next Steps
Future Growth
How is Mindteck (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
8.4%
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mindteck (India) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Mindteck (India)'s financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Mindteck (India) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
Past Performance
How has Mindteck (India) performed over the past 5 years?
-55.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 517344 is currently unprofitable.
Growing Profit Margin: 517344 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 517344 is unprofitable, and losses have increased over the past 5 years at a rate of -55.8% per year.
Accelerating Growth: Unable to compare 517344's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 517344 is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (7.2%).
Return on Equity
High ROE: 517344 has a negative Return on Equity (-11.14%), as it is currently unprofitable.
Next Steps
Financial Health
How is Mindteck (India)'s financial position?
Financial Position Analysis
Short Term Liabilities: 517344's short term assets (₹1.2B) exceed its short term liabilities (₹375.6M).
Long Term Liabilities: 517344's short term assets (₹1.2B) exceed its long term liabilities (₹202.9M).
Debt to Equity History and Analysis
Debt Level: 517344 is debt free.
Reducing Debt: 517344 has no debt compared to 5 years ago when its debt to equity ratio was 0.01%.
Balance Sheet
Inventory Level: 517344 has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 517344's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 517344 has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: 517344 has been profitable on average in the past, therefore cash runway is not a concern.
Next Steps
Dividend
What is Mindteck (India)'s current dividend yield, its reliability and sustainability?
7.19%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 517344's dividend (7.19%) is higher than the bottom 25% of dividend payers in the Indian market (0.95%).
High Dividend: 517344's dividend (7.19%) is in the top 25% of dividend payers in the Indian market (4.16%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 517344 has been paying a dividend for less than 10 years.
Growing Dividend: 517344 has only been paying a dividend for 6 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: 517344 is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average board tenure
CEO
Anand Balakrishnan
no data
Tenure
Mr. Anand Balakrishnan serves as Managing Director and Chief Executive Officer of Mindteck (India) Limited since March 1, 2020 and serves as its Additional Director since February 14, 2020. Mr. Balakrishna ...
CEO Compensation Analysis
Compensation vs Market: Anand's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD48.16K).
Compensation vs Earnings: Anand's compensation has increased whilst the company is unprofitable.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Additional Director | no data | no data | no data | |
| Non-Executive Director | 6.42yrs | no data | no data | |
| Independent Director | 3.83yrs | ₹200.00k | no data | |
| Independent Director | 1.83yrs | ₹400.00k | no data | |
| Independent Director | 1.83yrs | ₹300.00k | no data | |
| Non-Executive Chairman | 6.42yrs | ₹400.00k | 0.12% ₹415.9k | |
| Independent Director | 6.58yrs | ₹400.00k | no data | |
| Independent Director | 4.83yrs | ₹300.00k | no data |
4.8yrs
Average Tenure
63yo
Average Age
Experienced Board: 517344's board of directors are considered experienced (4.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12%.
Top Shareholders
Company Information
Mindteck (India) Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mindteck (India) Limited
- Ticker: 517344
- Exchange: BSE
- Founded: 1991
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: ₹352.883m
- Shares outstanding: 25.21m
- Website: https://www.mindteck.com
Number of Employees
Location
- Mindteck (India) Limited
- AMR Tech Park
- Block-1, 3rd Floor
- Bengaluru
- Karnataka
- 560068
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 517344 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Dec 2003 |
| MINDTECK | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Dec 2003 |
Biography
Mindteck (India) Limited provides product engineering and information technology (IT) services in the United States, India, and internationally. The company offers smart grid communication services, OEM solutions, data center and in-premises energy management services, and IT application solutions; embedded design services, embedded verification and validation services, and system solutions; product lifecycle management (PLM) consulting, advisory, system implementation and administration, system validation/testing, program management, and system integration/data migration services; and SAP services. It also provides mobile strategy consulting, user experience, design and development, and mobility testing services; hybrid cloud appliance, interoperable cloud storage, and business data analytics services; business intelligence, data/information management, and big data services, as well as advanced analytics and analytics on unstructured data; and IT security services. In addition, it offers system and integration, specialized, software product, and cloud based testing services, as well as test strategy, automation, and infrastructure services; product engineering, re-engineering, and sustenance services; data center transformation and IT infrastructure management services; custom application development, application maintenance and management, legacy modernization, and performance engineering and enhancement services; and application and enterprise systems integration, business process management, packaged application, and service oriented architecture services. Further, it sources and deploys IT talent; and smart city solutions. It serves start-ups, universities, and government entities. The company was formerly known as Hinditron Informatics Limited and changed its name to Mindteck (India) Limited in September 1999. The company was founded in 1991 and is headquartered in Bengaluru, India. Mindteck (India) Limited is a subsidiary of Embtech Holdings Limited.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 13:07 |
| End of Day Share Price | 2020/03/31 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.