Mindtree
Mindtree Limited provides digital transformation and technology services in India, the United States, Canada, Continental Europe, the United Kingdom, the Asia Pacific, and internationally. The last earnings update was 7 days ago. More info.
Add to Portfolio Compare Print
532819 Share Price and Events
7 Day Returns
1 Year Returns
532819 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Mindtree (532819) | 0.7% | 3.8% | 10.2% | -7.4% | 44% | 170.1% |
| IN IT | 2.1% | 8.2% | 10.4% | 19.7% | 50.5% | 85.2% |
| IN Market | -1.1% | 1.6% | 6.7% | -2.2% | 40.3% | 72% |
1 Year Return vs Industry and Market
- 532819 underperformed the IT industry which returned 19.7% over the past year.
- 532819 underperformed the Market in India which returned -2.2% over the past year.
532819 Value
Is Mindtree undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Mindtree
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Mindtree.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 26 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 16.5% |
| Perpetual Growth Rate | 10-Year IN Government Bond Rate | 7.6% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IN Govt Bond Rate | 7.6% |
| Equity Risk Premium | S&P Global | 8.6% |
| IT Unlevered Beta | Simply Wall St/ S&P Global | 1.06 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.056 (1 + (1- 35%) (0.01%)) |
1.037 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.04 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.037 * 8.6%) |
16.47% |
Discounted Cash Flow Calculation for BSE:532819 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Mindtree is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (INR, Millions) | Source |
Present Value Discounted (@ 16.47%) |
|
|---|---|---|---|
| 2019 | 5,658.38 | Analyst x13 | 4,858.17 |
| 2020 | 6,915.04 | Analyst x14 | 5,097.48 |
| 2021 | 7,410.03 | Analyst x15 | 4,689.88 |
| 2022 | 7,904.97 | Analyst x4 | 4,295.59 |
| 2023 | 8,441.91 | Est @ 6.79% | 3,938.62 |
| 2024 | 9,034.51 | Est @ 7.02% | 3,618.99 |
| 2025 | 9,683.07 | Est @ 7.18% | 3,330.25 |
| 2026 | 10,388.99 | Est @ 7.29% | 3,067.73 |
| 2027 | 11,154.46 | Est @ 7.37% | 2,827.96 |
| 2028 | 11,982.41 | Est @ 7.42% | 2,608.25 |
| Present value of next 10 years cash flows | ₹38,332.94 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= ₹11,982.41 × (1 + 7.55%) ÷ (16.47% – 7.55%) |
₹144,450.78 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= ₹144,450.78 ÷ (1 + 16.47%)10 |
₹31,443.11 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= ₹38,332.94 + ₹31,443.11 |
₹69,776.05 |
| Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹69,776.05 / 164.21 |
₹424.91 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in BSE:532819
represents 1.00041x
of
NSEI:MINDTREE
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
1.00041x |
| Value per Share (Listing Adjusted, INR) |
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 424.91 x 1.00041 |
₹425.08 |
| Value per share (INR) | From above. | ₹425.08 |
| Current discount | Discount to share price of
₹976.25
= -1 x (₹976.25 - ₹425.08) / ₹425.08 |
-129.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Mindtree is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Mindtree's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Mindtree's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in INR | ₹45.95 |
| NSEI:MINDTREE Share Price ** | NSEI (2019-04-26) in INR | ₹975.85 |
| India IT Industry PE Ratio | Median Figure of 85 Publicly-Listed IT Companies | 15.98x |
| India Market PE Ratio | Median Figure of 2,740 Publicly-Listed Companies | 16.11x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Mindtree.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NSEI:MINDTREE Share Price ÷ EPS (both in INR) = 975.85 ÷ 45.95 |
21.24x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Mindtree is overvalued based on earnings compared to the IN IT industry average.
- Mindtree is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does
Mindtree's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 21.24x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 26 Analysts |
12%per year |
| India IT Industry PEG Ratio | Median Figure of 21 Publicly-Listed IT Companies | 1.31x |
| India Market PEG Ratio | Median Figure of 584 Publicly-Listed Companies | 1.31x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 21.24x ÷ 12% |
1.77x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Mindtree is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Mindtree's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in INR | ₹201.35 |
| NSEI:MINDTREE Share Price * | NSEI (2019-04-26) in INR | ₹975.85 |
| India IT Industry PB Ratio | Median Figure of 108 Publicly-Listed IT Companies | 1.39x |
| India Market PB Ratio | Median Figure of 3,630 Publicly-Listed Companies | 1.09x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NSEI:MINDTREE Share Price ÷ Book Value per Share (both in INR) = 975.85 ÷ 201.35 |
4.85x |
* Primary Listing of Mindtree.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Mindtree is overvalued based on assets compared to the IN IT industry average.
Value checks
We assess Mindtree's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the IT industry average (and greater than 0)? (1 check) Mindtree has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
532819 Future Performance
How is Mindtree expected to perform in the next 1 to 3 years based on estimates from 26 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Mindtree's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
- Mindtree's earnings growth is positive but not above the India market average.
- Mindtree's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| BSE:532819 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 26 Analysts | 12% |
| BSE:532819 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 26 Analysts | 11.5% |
| India IT Industry Earnings Growth Rate | Market Cap Weighted Average | 9.5% |
| India IT Industry Revenue Growth Rate | Market Cap Weighted Average | 9.4% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.3% |
| India Market Revenue Growth Rate | Market Cap Weighted Average | 11.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 weeks ago) | See Below |
| Future Estimates | Average of up to 26 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-03-31 | 99,958 | 11,683 | 10,920 | 9 |
| 2021-03-31 | 89,162 | 10,404 | 9,629 | 26 |
| 2020-03-31 | 79,608 | 9,479 | 8,512 | 24 |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 70,215 | 6,356 | 7,541 |
| 2018-12-31 | 66,461 | 6,600 | 7,379 |
| 2018-09-30 | 62,366 | 5,412 | 6,882 |
| 2018-06-30 | 58,128 | 3,856 | 6,066 |
| 2018-03-31 | 54,628 | 5,644 | 5,701 |
| 2017-12-31 | 53,169 | 5,644 | 4,852 |
| 2017-09-30 | 52,345 | 5,600 | 4,467 |
| 2017-06-30 | 51,983 | 6,650 | 4,169 |
| 2017-03-31 | 52,364 | 6,535 | 4,160 |
| 2016-12-31 | 52,386 | 5,007 | 4,510 |
| 2016-09-30 | 51,528 | 5,544 | 4,893 |
| 2016-06-30 | 50,231 | 5,495 | 5,469 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 weeks ago) | See Below |
| Future Estimates | Average of up to 26 Analyst Estimates (S&P Global) | See Below |
All data from Mindtree Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-03-31 | 65.29 | 71.65 | 56.90 | 8.00 |
| 2021-03-31 | 58.21 | 64.20 | 52.50 | 23.00 |
| 2020-03-31 | 51.11 | 56.07 | 46.34 | 23.00 |
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2019-03-31 | 45.95 |
| 2018-12-31 | 44.98 |
| 2018-09-30 | 41.97 |
| 2018-06-30 | 36.82 |
| 2018-03-31 | 34.39 |
| 2017-12-31 | 29.09 |
| 2017-09-30 | 26.62 |
| 2017-06-30 | 24.82 |
| 2017-03-31 | 24.77 |
| 2016-12-31 | 26.87 |
| 2016-09-30 | 29.16 |
| 2016-06-30 | 32.61 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Mindtree's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Mindtree has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
532819 Past Performance
How has Mindtree performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Mindtree's year on year earnings growth rate has been positive over the past 5 years.
- Mindtree's 1-year earnings growth exceeds its 5-year average (32.3% vs 6.9%)
- Mindtree's earnings growth has exceeded the IN IT industry average in the past year (32.3% vs 27.5%).
Earnings and Revenue History
All data from Mindtree Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 70,215.00 | 7,541.00 | 13,079.00 | |
| 2018-12-31 | 66,461.00 | 7,379.00 | 12,521.00 | |
| 2018-09-30 | 62,366.00 | 6,882.00 | 10,682.00 | |
| 2018-06-30 | 58,128.00 | 6,066.00 | 11,362.00 | |
| 2018-03-31 | 54,628.00 | 5,701.00 | 10,600.00 | |
| 2017-12-31 | 53,169.00 | 4,852.00 | 10,235.00 | |
| 2017-09-30 | 52,345.00 | 4,467.00 | 5,619.00 | |
| 2017-06-30 | 51,983.00 | 4,169.00 | 10,268.00 | |
| 2017-03-31 | 52,364.00 | 4,160.00 | 10,383.00 | |
| 2016-12-31 | 52,386.00 | 4,510.00 | 10,331.00 | |
| 2016-09-30 | 51,528.00 | 4,893.00 | 9,824.00 | |
| 2016-06-30 | 50,231.00 | 5,469.00 | 9,298.00 | |
| 2016-03-31 | 46,730.00 | 5,538.00 | 8,368.00 | |
| 2015-12-31 | 42,666.00 | 5,487.00 | 7,444.00 | |
| 2015-09-30 | 39,643.00 | 5,489.00 | 6,858.00 | |
| 2015-06-30 | 36,834.00 | 5,332.00 | 6,356.00 | |
| 2015-03-31 | 35,461.00 | 5,322.00 | 6,254.00 | |
| 2014-12-31 | 34,526.00 | 5,038.00 | 6,247.00 | |
| 2014-09-30 | 33,320.00 | 4,501.00 | 6,216.00 | |
| 2014-06-30 | 32,140.00 | 4,425.00 | 6,106.00 | |
| 2014-03-31 | 30,194.00 | 4,519.00 | 5,736.00 | |
| 2013-12-31 | 28,094.00 | 4,261.00 | 5,427.00 | |
| 2013-09-30 | 26,105.00 | 4,323.00 | 5,000.00 | |
| 2013-06-30 | 24,377.00 | 3,718.00 | 4,554.00 | |
| 2013-03-31 | 23,532.00 | 3,217.00 | 4,421.00 | |
| 2012-12-31 | 22,671.00 | 3,137.00 | 4,243.00 | |
| 2012-09-30 | 21,977.00 | 2,796.00 | 4,153.00 | |
| 2012-06-30 | 20,592.00 | 2,664.00 | 3,995.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Mindtree has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Mindtree used its assets more efficiently than the IN IT industry average last year based on Return on Assets.
- Mindtree has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Mindtree's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Mindtree has a total score of 6/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
532819 Health
How is Mindtree's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Mindtree's finances.
The net worth of a company is the difference between its assets and liabilities.
- Mindtree is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Mindtree's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 2128.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Mindtree Company Filings, last reported 3 weeks ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 33,065.00 | 13.00 | 9,398.00 |
| 2018-12-31 | 31,654.00 | 28.00 | 9,736.00 |
| 2018-09-30 | 30,332.00 | 27.00 | 7,969.00 |
| 2018-06-30 | 28,711.00 | 1,010.00 | 7,977.00 |
| 2018-03-31 | 27,418.00 | 3,028.00 | 10,495.00 |
| 2017-12-31 | 25,884.00 | 2,519.00 | 8,701.00 |
| 2017-09-30 | 25,212.00 | 2,488.00 | 7,925.00 |
| 2017-06-30 | 27,160.00 | 1,013.00 | 9,616.00 |
| 2017-03-31 | 25,775.00 | 996.00 | 8,377.00 |
| 2016-12-31 | 25,845.00 | 99.00 | 6,137.00 |
| 2016-09-30 | 25,444.00 | 36.00 | 5,124.00 |
| 2016-06-30 | 25,304.00 | 35.00 | 4,779.00 |
| 2016-03-31 | 24,179.00 | 829.00 | 4,636.00 |
| 2015-12-31 | 23,770.00 | 26.00 | 6,567.00 |
| 2015-09-30 | 22,800.00 | 26.00 | 5,038.00 |
| 2015-06-30 | 21,610.00 | 22.00 | 8,431.00 |
| 2015-03-31 | 21,280.00 | 178.00 | 9,389.00 |
| 2014-12-31 | 20,475.00 | 54.00 | 9,320.00 |
| 2014-09-30 | 19,311.00 | 57.00 | 7,932.00 |
| 2014-06-30 | 18,448.00 | 133.00 | 7,004.00 |
| 2014-03-31 | 17,295.00 | 111.00 | 6,697.00 |
| 2013-12-31 | 16,135.00 | 94.00 | 6,806.00 |
| 2013-09-30 | 15,088.00 | 703.00 | 6,215.00 |
| 2013-06-30 | 14,259.00 | 726.00 | 5,238.00 |
| 2013-03-31 | 13,622.00 | 382.00 | 5,477.00 |
| 2012-12-31 | 12,573.00 | 314.00 | 5,085.00 |
| 2012-09-30 | 11,730.00 | 563.00 | 4,564.00 |
| 2012-06-30 | 10,485.00 | 750.00 | 3,921.00 |
- Mindtree's level of debt (0%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (0.6% vs 0% today).
- Debt is well covered by operating cash flow (48892.3%, greater than 20% of total debt).
- Mindtree earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Mindtree's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Mindtree has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
532819 Dividends
What is Mindtree's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
₹2,000 of
Mindtree
shares you are expected to receive
₹33
in your first year as a dividend.
Dividend Amount
- Mindtree's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
- Mindtree's dividend is below the markets top 25% of dividend payers in India (1.96%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 26 Analyst Estimates (S&P Global) | See Below |
| India IT Industry Average Dividend Yield | Market Cap Weighted Average of 40 Stocks | 1.5% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1399 Stocks | 1.4% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.5% |
| India Top 25% Dividend Yield | 75th Percentile | 2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in ₹) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-03-31 | 26.79 | 7.00 |
| 2021-03-31 | 20.03 | 21.00 |
| 2020-03-31 | 19.41 | 16.00 |
| Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-22 | 16.000 | 1.633 |
| 2019-04-18 | 16.000 | 1.652 |
| 2018-04-18 | 9.000 | 0.953 |
| 2017-05-31 | 10.000 | 1.779 |
| 2017-03-27 | 10.000 | 2.086 |
| 2016-06-16 | 10.500 | 2.076 |
| 2016-01-18 | 8.000 | 1.169 |
| 2015-10-15 | 8.000 | 1.085 |
| 2015-07-16 | 6.000 | 0.878 |
| 2015-04-16 | 8.500 | 1.301 |
| 2015-01-19 | 4.000 | 0.573 |
| 2014-10-16 | 5.000 | 0.851 |
| 2014-04-21 | 5.000 | 1.115 |
| 2014-01-16 | 5.000 | 1.356 |
| 2013-10-17 | 5.000 | 1.398 |
| 2013-07-22 | 5.000 | 1.882 |
| 2013-07-18 | 5.000 | 2.152 |
| 2013-04-22 | 3.000 | 1.439 |
| 2012-10-16 | 1.500 | 0.793 |
| 2012-05-02 | 0.750 | 0.466 |
| 2012-04-16 | 0.750 | 0.547 |
| 2012-01-18 | 0.750 | 0.648 |
| 2011-10-17 | 0.750 | 0.744 |
| 2011-04-21 | 0.625 | 0.691 |
| 2011-03-01 | 0.625 | 0.662 |
| 2011-01-18 | 0.625 | 0.559 |
| 2010-10-19 | 0.625 | 0.480 |
| 2010-04-28 | 0.500 | 0.372 |
| 2010-01-15 | 0.500 | 0.343 |
| 2009-12-31 | 0.500 | 0.291 |
| 2009-10-15 | 0.500 | 0.315 |
| 2009-09-30 | 0.500 | 0.345 |
| 2009-07-15 | 0.000 | 0.000 |
| 2009-06-30 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Mindtree's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.5x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
Income/ dividend checks
We assess Mindtree's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Mindtree afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Mindtree has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
532819 Management
CEO
| COMPENSATION | ₹26,898,754 |
| AGE | 47 |
| TENURE AS CEO | 3 years |
CEO Bio
Mr. Rostow Ravanan, CA, is Co-Founder of MindTree Limited (formerly Mindtree Consulting Ltd) and has been its Chief Executive Officer and Managing Director since April 1, 2016. Mr. Rostow served as Compliance Officer of MindTree Limited since July 18, 2018, until October 17, 2018. Previously, he headed the Enterprise Service Lines group and was responsible for growing Mindtree’s European operations, across both existing and new clients. Mr. Rostow also served as the Chief Financial Officer for more than 10 years, where he was responsible for finance and allied functions. He spearheaded the successful completion of the IPO at Mindtree Limited in the year 2007. Mr. Ravanan serves as Head of Europe, Service Lines & Key Accounts at MindTree Limited. Mr. Ravanan co-founded Mindtree Consulting Pvt. Ltd) in 1999 and served as its Chief Financial Officer until April 1, 2015. He served as Executive Vice President of MindTree Limited. He was responsible for finance, accounting, Investor Relations, procurement and mergers and acquisition functions of MindTree. Mr. Ravanan served as Senior Vice President of Finance, General Manager of Finance, Compliance Officer and Company Secretary of MindTree Limited and was responsible for negotiation and finalization of all its financing and investment decisions. Previously, Mr. Ravanan served as Business Value Manager of Lucent Technologies and was responsible for long term strategic planning at Bell Laboratories' product realization center in India. He also worked at KPMG Corporate Finance and specialized in strategy consulting, mergers & acquisitions, fund raising and valuations for clients in the information, communications and entertainment industry. He has over 10 years of experience in the areas of corporate finance. He has been an Executive Director of MindTree Limited since May 20, 2014. He is a Member of the Institute of Chartered Accountants of India, the Institute of Company Secretaries of India. He holds a Bachelor's degree in Commerce from Bangalore University. He is also a CISA-qualified Information Systems Auditor and an alumnus of Harvard Business School.
CEO Compensation
- Rostow's compensation has increased by more than 20% in the past year.
- Rostow's remuneration is lower than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the Mindtree management team in years:
- The tenure for the Mindtree management team is about average.
Management Team
KK Natarajan
Co-Founder & Executive Chairman
₹26M
61
Rostow Ravanan
CEO, MD & Executive Director
₹27M
47
3 yrs
Partha Parthasarathy
Co-Founder
₹15M
57
Erwan Carpentier
Senior VP & General Counsel
45
Paul Gottsegen
Executive VP
55
5.5 yrs
Kamran Ozair
Executive VP & Head of Enterprise Services Lines
51
6.8 yrs
Ram Mohan
Executive Vice-President
56
13.3 yrs
Gaurav Johri
Senior VP
48
4 yrs
Ramesh Gopalakrishnan
Executive VP and Head of Delivery & Operations
50
Manas Chakraborty
Senior VP and Head of Banking
49
0.9 yrs
Board of Directors Tenure
Average tenure and age of the Mindtree board of directors in years:
- The average tenure for the Mindtree board of directors is less than 3 years, this suggests a new board.
Board of Directors
Rostow Ravanan
CEO, MD & Executive Director
₹27M
47
4.9 yrs
Partha Parthasarathy
Co-Founder
₹15M
57
2.5 yrs
Apurva Purohit
Lead Independent Director
₹2M
52
2 yrs
KK Natarajan
Co-Founder & Executive Chairman
₹26M
61
3 yrs
Milind Sarwate
Independent Director
₹2M
59
2.8 yrs
Subroto Bagchi
Non-Executive Director
₹2M
61
3 yrs
Akshaya Bhargava
Independent Director
₹7M
62
2.3 yrs
Bijou Kurien
Independent Director
59
0.8 yrs
Akshaya Bhargava
Independent Director
61
2.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 01. Feb 19 | Sell | P. Venkataraghava | Individual | 30. Jan 19 | 30. Jan 19 | -10,000 | ₹889.96 | ₹-8,899,600 | ||
| 21. Dec 18 | Sell | Rajesh Shankaranarayana | Individual | 19. Dec 18 | 19. Dec 18 | -5,000 | ₹827.84 | ₹-4,139,200 | ||
| 12. Nov 18 | Sell | Lso Investments Pvt Ltd | Company | 06. Nov 18 | 06. Nov 18 | -20,000 | ₹826.44 | ₹-16,528,719 | ||
| 11. May 18 | Sell | Lso Investments Pvt Ltd | Company | 08. May 18 | 08. May 18 | -25,000 | ₹1,041.79 | ₹-26,044,774 | ||
| 12. Nov 18 | Sell | Lso Investments Pvt Ltd | Company | 06. Nov 18 | 06. Nov 18 | -20,000 | ₹826.44 | ₹-16,528,719 | ||
| 28. Sep 18 | Buy | Hemanth Kurasala | Individual | 19. Jul 18 | 06. Sep 18 | 2,600 | ₹1,002.43 | ₹2,606,317 | ||
| 21. Sep 18 | Sell | Guita Yazdi | Individual | 18. Sep 18 | 18. Sep 18 | -13,055 | ₹1,137.49 | ₹-14,849,887 | ||
| 18. Sep 18 | Sell | Chinmoy Bhagawat | Individual | 14. Sep 18 | 17. Sep 18 | -2,350 | ₹1,137.03 | ₹-2,672,028 | ||
| 18. Sep 18 | Sell | Ramesh Gopalakrishnan | Individual | 14. Sep 18 | 14. Sep 18 | -2,500 | ₹1,140.00 | ₹-2,850,000 | ||
| 10. Sep 18 | Sell | Arun Rangaraju | Individual | 05. Sep 18 | 07. Sep 18 | -1,250 | ₹1,154.82 | ₹-1,443,520 | ||
| 07. Sep 18 | Sell | Srinivasa Kottamasu | Individual | 06. Sep 18 | 06. Sep 18 | -1,300 | ₹1,151.75 | ₹-1,497,271 | ||
| 05. Sep 18 | Sell | Srinivasa Vezzu | Individual | 04. Sep 18 | 04. Sep 18 | -2,000 | ₹1,128.26 | ₹-2,256,520 | ||
| 05. Sep 18 | Sell | Subramanyam Putrevu | Individual | 31. Aug 18 | 03. Sep 18 | -2,176 | ₹1,119.19 | ₹-2,435,360 | ||
| 23. Aug 18 | Sell | Erwan Carpentier | Individual | 21. Aug 18 | 21. Aug 18 | -12,715 | ₹1,035.36 | ₹-13,164,569 | ||
| 17. Aug 18 | Sell | Anil Rao | Individual | 16. Aug 18 | 16. Aug 18 | -4,300 | ₹1,050.00 | ₹-4,515,000 | ||
| 06. Aug 18 | Sell | Srinivasa Vezzu | Individual | 02. Aug 18 | 02. Aug 18 | -4,000 | ₹960.00 | ₹-3,840,000 | ||
| 02. Aug 18 | Sell | Manas Chakraborty | Individual | 26. Jul 18 | 31. Jul 18 | -4,000 | ₹921.68 | ₹-3,686,727 | ||
| 11. May 18 | Sell | Srinivas Bhagavatula | Individual | 09. May 18 | 09. May 18 | -1,600 | ₹1,034.05 | ₹-1,654,480 | ||
| 03. May 18 | Sell | Paul Gottsegen | Individual | 27. Apr 18 | 27. Apr 18 | -14,602 | ₹1,045.80 | ₹-15,270,812 | ||
| 03. May 18 | Sell | Anil Rao | Individual | 02. May 18 | 02. May 18 | -10,000 | ₹1,066.69 | ₹-10,666,900 | ||
| 03. May 18 | Sell | Erik Mann | Individual | 27. Apr 18 | 27. Apr 18 | -8,000 | ₹1,042.56 | ₹-8,340,458 | ||
Management checks
We assess Mindtree's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Mindtree has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
532819 News
Simply Wall St News
Mindtree Limited (BOM:532819): Are Forecast Margins sustainable?
With analysts forecasting … Mindtree Limited (BOM:532819) to … earnings growth of 15.23%
Simply Wall St - – Full article532819 Company Info
Description
Mindtree Limited provides digital transformation and technology services in India, the United States, Canada, Continental Europe, the United Kingdom, the Asia Pacific, and internationally. It operates in four segments: Retail, Consumer Packaged Goods and Manufacturing; Banking, Financial Services and Insurance; Technology, Media and Services; and Travel and Hospitality. The company offers Flooresense, an intelligent real-time recommendation platform; intelligent video surveillance solutions; Gladius connected buildings platform, an Internet of Things platform; ShotClasses, micro-learning platform for enterprises; and InspectMind, a software as a service platform. It also provides digital services, including cloud, data analytics, digital commerce and marketing, mobility, user experience design, and portals and collaboration services. In addition, the company offers operational services comprising agile, application development and support, automation, business process management, infrastructure management, test engineering, integrated, and reliability engineering and management services. Further, it provides information technology consulting, engineering research and development, and Microsoft Azure-based solutions. It serves the banking, capital market, consumer packaged goods, education, enterprise independent software vendor, insurance, manufacturing, media and entertainment, retail, semiconductor, smart device, transportation and logistics, and travel and hospitality industries. The company was formerly known as Mindtree Consulting Limited and changed its name to Mindtree Limited in March 2008. Mindtree Limited was founded in 1999 and is headquartered in Bengaluru, India.
Details
| Name: | Mindtree Limited |
| 532819 | |
| Exchange: | BSE |
| Founded: | 1999 |
| ₹162,473,372,165 | |
| 164,214,041 | |
| Website: | http://www.mindtree.com |
| Address: |
Mindtree Limited Global Village, RVCE Post, Bengaluru, Karnataka, 560059, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NSEI | MINDTREE | Equity Shares | National Stock Exchange of India | IN | INR | 07. Mar 2007 | |
| BSE | 532819 | Equity Shares | Mumbai Stock Exchange | IN | INR | 07. Mar 2007 |
Number of employees
Current staff
Industry
| IT Consulting and Other Services | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/26 12:51 |
| End of day share price update: | 2019/04/26 00:00 |
| Last estimates confirmation: | 2019/04/22 |
| Last earnings filing: | 2019/04/19 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2019/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
