Mindteck (India)
Market Cap
₹1.2b
Last Updated
2021/01/15 12:17 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. More Details
Rewards
Risk Analysis
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
| 517344 | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.5% | 1.2% | -0.4% |
| 30 Day | 16.8% | 16.1% | 5.0% |
| 90 Day | 50.7% | 22.7% | 24.4% |
| 1 Year | 55.3%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
- Examine whether Mindteck (India) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- 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?
-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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Additional Director | 0.83yr | ₹15.00m | 0.029% ₹ 360.5k | |
| Chief Financial Officer | 0.83yr | ₹4.17m | no data | |
| Vice President of Research & Development | no data | ₹4.82m | no data | |
| Chief Compliance Officer | no data | ₹4.29m | 0.033% ₹ 402.9k | |
| Senior Vice President of Global Delivery & Practices | no data | ₹4.59m | no data | |
| Senior Vice President of Marketing & Communications | no data | no data | no data | |
| Senior Vice President of Global Sales | 1yr | no data | no data | |
| General Manager of Human Resources | no data | no data | no data | |
| Head of Cloud Solutions | 1yr | no data | no data | |
| General Manager of Istanbul Office. | 2.92yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Additional Director | 0.83yr | ₹15.00m | 0.029% ₹ 360.5k | |
| Non-Executive Director | 7.25yrs | no data | no data | |
| Independent Director | 4.67yrs | ₹700.00k | no data | |
| Independent Director | 2.67yrs | ₹700.00k | no data | |
| Independent Director | 2.67yrs | ₹700.00k | no data | |
| Non-Executive Chairman | 7.25yrs | ₹700.00k | 0.12% ₹ 1.5m | |
| Independent Director | 7.42yrs | ₹700.00k | no data | |
| Independent Director | 5.75yrs | ₹500.00k | no 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
| 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 so...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 12:17 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.