Mastek
Mastek Limited, together with its subsidiaries, provides enterprise technology solutions worldwide. The last earnings update was 4 days ago. More info.
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MASTEK Share Price and Events
7 Day Returns
1 Year Returns
MASTEK Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Mastek (MASTEK) | 3.1% | 6.3% | 10.2% | -22.9% | 217.4% | 162.4% |
| IN IT | 2.6% | 4.3% | 8.9% | 19.3% | 49% | 80.2% |
| IN Market | 0.8% | 2.1% | 5.8% | -0.7% | 41.2% | 72.5% |
1 Year Return vs Industry and Market
- MASTEK underperformed the IT industry which returned 19.3% over the past year.
- MASTEK underperformed the Market in India which returned -0.7% over the past year.
Value
Is Mastek 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
Mastek
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 Mastek.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 16.7% |
| 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 | 1.05 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.054 (1 + (1- 35%) (6.23%)) |
1.065 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.07 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.065 * 8.6%) |
16.71% |
Discounted Cash Flow Calculation for NSEI:MASTEK using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Mastek 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 (@ 16.71%) |
|
|---|---|---|---|
| 2019 | 475.00 | Analyst x1 | 406.99 |
| 2020 | 600.00 | Analyst x1 | 440.49 |
| 2021 | 675.00 | Analyst x1 | 424.61 |
| 2022 | 743.67 | Est @ 10.17% | 400.83 |
| 2023 | 813.48 | Est @ 9.39% | 375.68 |
| 2024 | 885.35 | Est @ 8.84% | 350.33 |
| 2025 | 960.16 | Est @ 8.45% | 325.54 |
| 2026 | 1,038.71 | Est @ 8.18% | 301.75 |
| 2027 | 1,121.71 | Est @ 7.99% | 279.21 |
| 2028 | 1,209.86 | Est @ 7.86% | 258.03 |
| Present value of next 10 years cash flows | ₹3,563.45 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= ₹1,209.86 × (1 + 7.55%) ÷ (16.71% – 7.55%) |
₹14,206.06 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= ₹14,206.06 ÷ (1 + 16.71%)10 |
₹3,029.78 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= ₹3,563.45 + ₹3,029.78 |
₹6,593.23 |
| Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹6,593.23 / 23.98 |
₹274.93 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in NSEI:MASTEK
represents 1.00097x
of
BSE:523704
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
1.00097x |
| Value per Share (Listing Adjusted, INR) |
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 274.93 x 1.00097 |
₹275.20 |
| Value per share (INR) | From above. | ₹275.20 |
| Current discount | Discount to share price of
₹463.85
= -1 x (₹463.85 - ₹275.20) / ₹275.20 |
-68.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Mastek 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 Mastek's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Mastek'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 | ₹42.61 |
| BSE:523704 Share Price ** | BSE (2019-04-18) in INR | ₹463.4 |
| India IT Industry PE Ratio | Median Figure of 84 Publicly-Listed IT Companies | 16.19x |
| India Market PE Ratio | Median Figure of 2,738 Publicly-Listed Companies | 16.33x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Mastek.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:523704 Share Price ÷ EPS (both in INR) = 463.4 ÷ 42.61 |
10.88x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Mastek is good value based on earnings compared to the IN IT industry average.
- Mastek is good value based on earnings compared to the India market.
Price based on expected Growth
Does
Mastek's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.88x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
9.1%per year |
| India IT Industry PEG Ratio | Median Figure of 21 Publicly-Listed IT Companies | 1.32x |
| India Market PEG Ratio | Median Figure of 584 Publicly-Listed Companies | 1.32x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 10.88x ÷ 9.1% |
1.2x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Mastek is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Mastek's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in INR | ₹300.00 |
| BSE:523704 Share Price * | BSE (2019-04-18) in INR | ₹463.4 |
| India IT Industry PB Ratio | Median Figure of 108 Publicly-Listed IT Companies | 1.36x |
| India Market PB Ratio | Median Figure of 3,628 Publicly-Listed Companies | 1.11x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BSE:523704 Share Price ÷ Book Value per Share (both in INR) = 463.4 ÷ 300.00 |
1.54x |
* Primary Listing of Mastek.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Mastek is overvalued based on assets compared to the IN IT industry average.
Value checks
We assess Mastek'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) Mastek has a total score of 2/6, 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.
Future Performance
How is Mastek expected to perform in the next 1 to 3 years based on estimates from 3 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
- Mastek's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
- Mastek's earnings growth is positive but not above the India market average.
- Mastek's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NSEI:MASTEK Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 9.1% |
| NSEI:MASTEK Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 11.7% |
| 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 | 18.5% |
| 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 (2 weeks ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 13,363 | 889 | 1,217 | 2 |
| 2020-03-31 | 11,689 | 788 | 1,108 | 2 |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 10,580 | 1,015 | |
| 2018-12-31 | 9,898 | 935 | |
| 2018-09-30 | 9,343 | 854 | |
| 2018-06-30 | 8,757 | 778 | |
| 2018-03-31 | 8,172 | 641 | 700 |
| 2017-12-31 | 7,748 | 657 | |
| 2017-09-30 | 6,914 | 594 | |
| 2017-06-30 | 6,188 | 492 | |
| 2017-03-31 | 5,602 | 429 | 324 |
| 2016-12-31 | 5,063 | 283 | |
| 2016-09-30 | 5,180 | 179 | |
| 2016-06-30 | 5,237 | 129 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 weeks ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Mastek Company Filings, last reported 2 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 |
|---|---|---|---|---|
| 2021-03-31 | 48.40 | 48.40 | 48.40 | 1.00 |
| 2020-03-31 | 44.10 | 44.10 | 44.10 | 1.00 |
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2019-03-31 | 42.61 |
| 2018-12-31 | 39.35 |
| 2018-09-30 | 36.05 |
| 2018-06-30 | 32.94 |
| 2018-03-31 | 29.74 |
| 2017-12-31 | 28.05 |
| 2017-09-30 | 25.39 |
| 2017-06-30 | 21.11 |
| 2017-03-31 | 13.96 |
| 2016-12-31 | 12.25 |
| 2016-09-30 | 7.78 |
| 2016-06-30 | 5.66 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Mastek'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)
Mastek has a total score of 1/6, 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.
Past Performance
How has Mastek 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
- Mastek has delivered over 20% year on year earnings growth in the past 5 years.
- Mastek's 1-year earnings growth exceeds its 5-year average (45% vs 28.6%)
- Mastek's earnings growth has exceeded the IN IT industry average in the past year (45% vs 24.5%).
Earnings and Revenue History
All data from Mastek Company Filings, last reported 2 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 | 10,579.90 | 1,014.70 | ||
| 2018-12-31 | 9,897.90 | 934.60 | 144.20 | |
| 2018-09-30 | 9,343.00 | 853.70 | 144.20 | |
| 2018-06-30 | 8,757.00 | 777.60 | ||
| 2018-03-31 | 8,172.10 | 699.60 | 144.20 | |
| 2017-12-31 | 7,747.97 | 657.50 | 91.23 | |
| 2017-09-30 | 6,914.17 | 593.90 | 91.23 | |
| 2017-06-30 | 6,188.17 | 492.30 | 91.23 | |
| 2017-03-31 | 5,601.60 | 324.10 | 91.40 | |
| 2016-12-31 | 5,063.02 | 283.25 | -90.28 | |
| 2016-09-30 | 5,179.72 | 178.85 | -14.48 | |
| 2016-06-30 | 5,236.62 | 128.95 | 61.62 | |
| 2016-03-31 | 5,269.32 | 137.45 | 100.42 | |
| 2015-12-31 | 1,872.60 | 330.67 | -568.60 | |
| 2015-09-30 | 3,181.30 | 409.77 | -327.40 | |
| 2015-06-30 | 9,160.40 | 213.10 | 1,948.30 | |
| 2015-03-31 | 5,210.40 | 364.77 | ||
| 2014-12-31 | 9,638.83 | 226.06 | 2,670.43 | |
| 2014-09-30 | 9,356.73 | 322.46 | 2,462.33 | |
| 2014-06-30 | 9,250.43 | 455.56 | 2,351.93 | |
| 2014-03-31 | 4,096.76 | 306.51 | ||
| 2013-12-31 | 9,430.32 | 499.43 | 2,377.41 | |
| 2013-09-30 | 9,287.12 | 391.63 | 2,469.51 | |
| 2013-06-30 | 9,180.32 | 305.93 | 2,503.51 | |
| 2013-03-31 | 8,931.74 | 565.83 | 2,374.73 | |
| 2012-12-31 | 8,430.20 | 433.50 | 2,331.85 | |
| 2012-09-30 | 7,923.70 | 342.70 | 2,196.95 | |
| 2012-06-30 | 7,335.16 | 5.00 | 2,129.73 |
*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.
- Mastek has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Mastek used its assets more efficiently than the IN IT industry average last year based on Return on Assets.
- Mastek has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Mastek'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)
Mastek has a total score of 5/6, 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.
Health
How is Mastek'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 Mastek's finances.
The net worth of a company is the difference between its assets and liabilities.
- Mastek is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Mastek'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 7x 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 Mastek Company Filings, last reported 2 weeks ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 7,164.00 | 692.10 | 2,259.80 |
| 2018-12-31 | 6,981.70 | 41.40 | 3,044.70 |
| 2018-09-30 | 6,981.70 | 41.40 | 3,044.70 |
| 2018-06-30 | 5,492.80 | 535.20 | 2,824.20 |
| 2018-03-31 | 5,492.80 | 699.90 | 2,054.30 |
| 2017-12-31 | 4,665.90 | 623.40 | 2,244.30 |
| 2017-09-30 | 4,665.90 | 623.40 | 2,244.30 |
| 2017-06-30 | 3,486.01 | 655.31 | 1,492.75 |
| 2017-03-31 | 4,690.60 | 655.30 | 1,527.40 |
| 2016-12-31 | 3,294.50 | 1.30 | 1,380.50 |
| 2016-09-30 | 3,294.50 | 1.30 | 1,380.50 |
| 2016-06-30 | 3,193.29 | 4.80 | 1,198.46 |
| 2016-03-31 | 3,193.29 | 4.80 | 1,198.46 |
| 2015-12-31 | 3,209.10 | 5.60 | 1,299.70 |
| 2015-09-30 | 3,209.10 | 5.60 | 1,299.70 |
| 2015-06-30 | 5,958.50 | 288.00 | 2,142.50 |
| 2015-03-31 | 5,958.55 | 292.90 | 2,142.50 |
| 2014-12-31 | 5,808.60 | 13.50 | 1,735.00 |
| 2014-09-30 | 5,808.60 | 13.50 | 1,735.00 |
| 2014-06-30 | 5,601.90 | 18.85 | 1,711.33 |
| 2014-03-31 | 5,601.90 | 18.85 | 1,711.33 |
| 2013-12-31 | 5,806.50 | 12.20 | 2,506.50 |
| 2013-09-30 | 5,806.50 | 12.20 | 2,506.50 |
| 2013-06-30 | 5,329.14 | 16.06 | 1,590.45 |
| 2013-03-31 | 5,329.14 | 16.06 | 1,590.45 |
| 2012-12-31 | 5,356.10 | 5.80 | 1,347.40 |
| 2012-09-30 | 5,355.75 | 71.34 | 1,378.54 |
| 2012-06-30 | 5,355.75 | 71.34 | 1,378.54 |
- Mastek's level of debt (9.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0.3% vs 9.7% today).
- Debt is well covered by operating cash flow (92.6%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 22.7x coverage).
Financial health checks
We assess Mastek'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) Mastek has a total score of 5/6, 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.
Dividends
What is Mastek'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
Mastek
shares you are expected to receive
₹37
in your first year as a dividend.
Dividend Amount
- Mastek's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
- Mastek's dividend is below the markets top 25% of dividend payers in India (1.92%).
Upcoming dividend payment
Purchase Mastek before the 'Buy Limit' to receive their next dividend payment.
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 3 Analyst Estimates (S&P Global) | See Below |
| India IT Industry Average Dividend Yield | Market Cap Weighted Average of 40 Stocks | 1.6% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1400 Stocks | 1.3% |
| 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 | 1.9% |
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 |
|---|---|---|
| 2021-03-31 | 8.30 | 1.00 |
| 2020-03-31 | 7.60 | 1.00 |
| Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-16 | 8.500 | 1.826 |
| 2018-10-25 | 7.500 | 1.737 |
| 2018-04-18 | 6.000 | 1.146 |
| 2017-10-26 | 4.500 | 1.040 |
| 2017-05-25 | 3.500 | 1.203 |
| 2016-10-18 | 2.000 | 1.111 |
| 2016-04-20 | 2.500 | 1.853 |
| 2016-03-14 | 3.500 | 2.422 |
| 2016-01-14 | 2.500 | 2.027 |
| 2015-08-19 | 2.500 | 1.482 |
| 2015-01-22 | 4.250 | 1.490 |
| 2014-04-23 | 5.500 | 2.416 |
| 2014-01-23 | 3.500 | 1.759 |
| 2013-10-25 | 3.500 | 2.283 |
| 2013-06-12 | 3.000 | 2.380 |
| 2013-04-26 | 3.000 | 2.363 |
| 2012-07-27 | 0.000 | 0.000 |
| 2012-04-20 | 0.000 | 0.000 |
| 2012-01-19 | 0.000 | 0.000 |
| 2011-10-19 | 0.000 | 0.000 |
| 2011-08-29 | 0.000 | 0.000 |
| 2010-07-21 | 3.250 | 2.201 |
| 2009-10-01 | 10.000 | 3.183 |
| 2009-04-21 | 10.000 | 4.382 |
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 fallen over the past 10 years.
Income/ dividend checks
We assess Mastek'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 Mastek afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Mastek has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | ₹0 |
| TENURE AS CEO | 2.4 years |
CEO Bio
Mr. John Timothy Owen has been Group Chief Executive Officer at Mastek Limited since November 01, 2016. Mr. Owen has been Group Chief Executive Officer of Mastek Inc. since February 9, 2017. He serves as Vice President of EMEA. Mr. Owen served as a Vice President of Worldwide Sales of TAZZ Networks, Inc. He has over 20 years experience in the telecommunications market and has held various sales, marketing and general management positions with Nortel Networks, Tricom Communications and Racal-Milgo. Mr. Owen has played senior sales and marketing roles in organizations like Serco, HP and Nortel over the last 25 years. In his last job at Serco, he was the Sales and Marketing Director for UK and Europe, where his responsibilities included handling the UK Government - Serco's largest customer. Prior to joining Radiant, Mr. Owen established Sycamore Networks' leadership in the deployment of service provider next generation intelligent optical network infrastructure. He has wide ranging European and global business experience in both the carrier and enterprise markets. Mr. Owen served as Vice President of Sales and Marketing of Radiant Networks PLC. Prior to Sycamore, he held numerous executive positions within Nortel Networks, served as Vice President carrier networks, BT. During his tenure at Nortel, Mr. Owen was responsible for aligning products to market demands, securing strategic wins to ensure long-term revenue growth and improving customer satisfaction levels. He served as Managing Director of EMEA at Sycamore Networks, an innovator in optical networking market. Mr. Owen has deep expertise in business development and has track record with the UK markets - especially the UK government market. He holds a BA in Business Studies and Marketing from Lancaster University, UK and holds a degree in Business Administration & Management from Stanford University.
CEO Compensation
- Insufficient data for John to compare compensation growth.
- John's remuneration is lower than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the Mastek management team in years:
- The tenure for the Mastek management team is about average.
Management Team
John Owen
Group Chief Executive Officer
2.4 yrs
Sudhakar Ram
Vice Chairman & MD
₹9M
57
Abhishek Singh
Group Chief Financial Officer
₹13M
39
2.6 yrs
Dinesh Kalani
Compliance Officer & Company Secretary
₹4M
3.6 yrs
Maninder Puri
Group Chief People Officer
45
1.7 yrs
Hiren Shah
Senior Vice President of Service Lines
Robert King
Chief Executive Officer of Americas
1.6 yrs
Prahlad Koti
Managing Director of Mastek (UK) Limited
2.4 yrs
Arun Agarwal
Executive
Ken Milne
Executive
Board of Directors Tenure
Average tenure and age of the Mastek board of directors in years:
- The tenure for the Mastek board of directors is about average.
Board of Directors
Srinivasan Sandilya
Non-Executive Chairman
₹3M
70
Sudhakar Ram
Vice Chairman & MD
₹9M
57
2.4 yrs
Joe Venkataraman
Group Corporate Development Officer
₹15M
Ashank Desai
Co-Founder & Non-Executive Director
₹2M
67
36.8 yrs
Priti Rao
Independent Non-Executive Director
₹2M
59
8.3 yrs
Atul Kanagat
Independent Non-Executive Director
₹2M
62
6.3 yrs
Keith Bogg
Non-Executive Independent Director
₹1M
70
2.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 29. Mar 19 | Sell | Atul Kanagat | Individual | 28. Mar 19 | 28. Mar 19 | -5,000 | ₹426.91 | ₹-2,134,550 | ||
| 14. Dec 18 | Sell | Ketan Mehta | Individual | 13. Dec 18 | 13. Dec 18 | -125,000 | ₹466.48 | ₹-58,309,996 | ||
Management checks
We assess Mastek'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) Mastek 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.
News
Simply Wall St News
With EPS Growth And More, Mastek (NSE:MASTEK) Is Interesting
So if you're like me, you might be more interested in profitable, growing companies, like Mastek (NSE:MASTEK). … Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth.
Simply Wall St - – Full articleWhat Kind Of Shareholder Owns Most Mastek Limited (NSE:MASTEK) Stock?
Generally speaking, as a company grows, institutions will increase their ownership. … Our analysis of the ownership of the company, below, shows that. … We can zoom in on the different ownership groups, to learn more about MASTEK
Simply Wall St - – Full articleDid Business Growth Power Mastek's (NSE:MASTEK) Share Price Gain of 216%?
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … We note that the 47% yearly (average) share price gain isn't too far from the EPS growth rate.
Simply Wall St - – Full articleHere's What Mastek Limited's (NSE:MASTEK) P/E Ratio Is Telling Us
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … How Do I Calculate Mastek's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleHow Much Are Mastek Limited (NSE:MASTEK) Insiders Taking Off The Table?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … Mastek Insider Transactions Over The Last Year … In the last twelve months, the biggest single sale by an insider was when Ketan Mehta sold ₹58m worth of shares at a price of ₹466 per share
Simply Wall St - – Full articleWhat To Know Before Buying Mastek Limited (NSE:MASTEK) For Its Dividend
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Mastek Limited (NSE:MASTEK) has paid dividends to shareholders, and these days it yields 2.0%. … Let's dig deeper into whether Mastek should have a place in your portfolio.
Simply Wall St - – Full articleDoes Mastek Limited's (NSE:MASTEK) Past Performance Indicate A Stronger Future?
Investors with a long-term horizong may find it valuable to assess Mastek Limited's (NSE:MASTEK) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. … Below is my commentary, albiet very simple and high-level, on how Mastek is currently performing. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 23%, indicating the rate at which MASTEK is growing has accelerated
Simply Wall St - – Full articleHow Good Is Mastek Limited (NSE:MASTEK), When It Comes To ROE?
This article is for those who would like to learn about Return On Equity (ROE). … That means that for every ₹1 worth of shareholders' equity, it generated ₹0.13 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleMastek Limited (NSE:MASTEK) Has Attractive Fundamentals
Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Mastek Limited (NSE:MASTEK) due to its excellent fundamentals in more than one area. … MASTEK
Simply Wall St - – Full articleMastek Limited (NSE:MASTEK): What’s In It For The Shareholders?
If you are currently a shareholder in Mastek Limited (NSE:MASTEK), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … What is free cash flow. … Mastek generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating.
Simply Wall St - – Full articleCompany Info
Description
Mastek Limited, together with its subsidiaries, provides enterprise technology solutions worldwide. It provides business and technology services comprising application development, application support and maintenance, business intelligence and data warehousing, testing and assurance, digital commerce, agile consulting, and legacy modernization. Its services also cover software solutions and integration, and enterprise digital transformation. It serves customers in various sectors, such as retail, financial services, healthcare, and public-sector businesses in the United Kingdom, the United States, and India. Mastek Limited was founded in 1982 and is headquartered in Mumbai, India.
Details
| Name: | Mastek Limited |
| MASTEK | |
| Exchange: | NSEI |
| Founded: | 1982 |
| ₹11,113,030,807 | |
| 23,981,508 | |
| Website: | http://www.mastek.com |
| Address: |
Mastek Limited #106, SDF IV, Seepz, Mumbai, Maharashtra, 400096, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BSE | 523704 | Equity Shares | Mumbai Stock Exchange | IN | INR | 23. May 1995 | |
| NSEI | MASTEK | Equity Shares | National Stock Exchange of India | IN | INR | 23. May 1995 |
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: | 2019/04/20 12:46 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/18 |
| Last earnings filing: | 2019/04/16 |
| 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.
