BSE:517344

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Executive Summary

Mindteck (India) Limited provides product engineering and information technology (IT) services in the United States, India, and internationally. More Details


Snowflake Analysis

Adequate balance sheet and fair value.


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 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 517344's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-7.5%

517344

1.2%

IN IT

-0.4%

IN Market


1 Year Return

55.3%

517344

71.1%

IN IT

15.9%

IN Market

Return vs Industry: 517344 underperformed the Indian IT industry which returned 76.2% over the past year.

Return vs Market: 517344 exceeded the Indian Market which returned 17.7% over the past year.


Shareholder returns

517344IndustryMarket
7 Day-7.5%1.2%-0.4%
30 Day16.8%16.1%5.0%
90 Day50.7%22.7%24.4%
1 Year55.3%55.3%74.4%71.1%18.1%15.9%
3 Year-36.7%-39.7%105.5%94.9%9.7%4.4%
5 Year-54.1%-57.4%148.7%125.4%82.3%68.5%

Long-Term 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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 517344 (₹48) is trading below our estimate of fair value (₹681.13)

Significantly Below Fair Value: 517344 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 517344 is unprofitable, so we can't compare its PE Ratio to the IN 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 (0.9x) compared to the IN IT industry average (1.5x).


Next Steps

Future Growth

How is Mindteck (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.1%

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

Past Performance

How has Mindteck (India) performed over the past 5 years?

-79.1%

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 79.1% 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 (-0.8%).


Return on Equity

High ROE: 517344 has a negative Return on Equity (-44.85%), 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 (₹1.4B) exceed its short term liabilities (₹594.1M).

Long Term Liabilities: 517344's short term assets (₹1.4B) exceed its long term liabilities (₹95.8M).


Debt to Equity History and Analysis

Debt Level: 517344's debt to equity ratio (13.7%) is considered satisfactory.

Reducing Debt: 517344's debt to equity ratio has increased from 0% to 13.7% over the past 5 years.

Debt Coverage: 517344's debt is well covered by operating cash flow (125%).

Interest Coverage: 517344 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Mindteck (India) current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 517344's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 517344's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 517344's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 517344's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 517344 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 517344's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Anand Balakrishnan (47 yo)

0.83

Tenure

₹15,000,000

Compensation

Mr. Anand Balakrishnan has been Managing Director and Chief Executive Officer of Mindteck (India) Limited since March 1, 2020 and has been its Additional Director since February 14, 2020. Mr. Balakrishnan ...


CEO Compensation Analysis

Compensation vs Market: Anand's total compensation ($USD205.17K) is above average for companies of similar size in the Indian market ($USD44.13K).

Compensation vs Earnings: Anand's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Anand Balakrishnan
CEO, MD & Additional Director0.83yr₹15.00m0.029%
₹ 360.5k
Ramachandra Magadi
Chief Financial Officer0.83yr₹4.17mno data
Surjit Lahiri
Vice President of Research & Developmentno data₹4.82mno data
Shivarama Adiga
Chief Compliance Officerno data₹4.29m0.033%
₹ 402.9k
Arup Banerjee
Senior Vice President of Global Delivery & Practicesno data₹4.59mno data
Karen Stark
Senior Vice President of Marketing & Communicationsno datano datano data
Jacob Pillay
Senior Vice President of Global Sales1yrno datano data
K. Pradeep
General Manager of Human Resourcesno datano datano data
Debabrata Guria
Head of Cloud Solutions1yrno datano data
Sebnem Aydemir
General Manager of Istanbul Office.2.92yrsno datano data

1.0yrs

Average Tenure

50yo

Average Age

Experienced Management: 517344's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Anand Balakrishnan
CEO, MD & Additional Director0.83yr₹15.00m0.029%
₹ 360.5k
Meenaz Dhanani
Non-Executive Director7.25yrsno datano data
Guhan Subramaniam
Independent Director4.67yrs₹700.00kno data
Satish Kumar
Independent Director2.67yrs₹700.00kno data
Subhash Dhar
Independent Director2.67yrs₹700.00kno data
Yusuf Lanewala
Non-Executive Chairman7.25yrs₹700.00k0.12%
₹ 1.5m
Jagdish Malkani
Independent Director7.42yrs₹700.00kno data
Prochie Mukherji
Independent Director5.75yrs₹500.00kno data

5.2yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 517344's board of directors are considered experienced (5.2 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 not been meaningfully diluted in the past year.


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: ₹1.236b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
517344BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2003
MINDTECKNSEI (National Stock Exchange of India)YesEquity SharesININRDec 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 so...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/15 12:17
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.