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Updated 1m ago
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Mastek LimitedNSEI:MASTEK Stock Report

Market Cap ₹49.9b
Updated 1m ago
Share Price
n/a
1Y-33.7%
7D-8.3%
1D1.0%
Portfolio Value
​
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Mastek Limited

NSEI:MASTEK Stock Report

Market Cap: ₹49.9b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Mastek (MASTEK) Stock Overview

Engages in the provision of enterprise technology solutions in India, the United Kingdom, Europe, North America, Middle East region, South-east Asia, India, Singapore, Australia, and internationally. More details

MASTEK fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends5/6

Rewards

Trading at 8.5% below our estimate of its fair value

Earnings are forecast to grow 12.58% per year

Earnings have grown 9.5% per year over the past 5 years

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 21.5%

Risk Analysis

Unstable dividend track record

Volatile share price over the past 3 months compared to the Indian market


MASTEK Community Fair Values

Create Narrative

See what 21 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
18.8% undervalued intrinsic discount
AnalystConsensusTarget
•2mo ago

UK Government And NHS Spending Will Unlock Enduring Opportunities

211
0
10
AN
AnalystHighTarget
27.1% undervalued intrinsic discount
AnalystHighTarget
•1mo ago

AI Partnerships And Healthcare Focus Will Shape A Stronger Long Term Trajectory

15
0
0
AN
AnalystLowTarget
1.6% overvalued intrinsic discount
AnalystLowTarget
•2mo ago

Outcome Based Contracts And Public Sector Pressure Will Test Resilience Yet Support Long Term Potential

11
0
0

Top Analyst Narratives

AN
AnalystConsensusTarget
18.8% undervalued intrinsic discount
AnalystConsensusTarget
•2mo ago

UK Government And NHS Spending Will Unlock Enduring Opportunities

211
0
10
AN
AnalystHighTarget
27.1% undervalued intrinsic discount
AnalystHighTarget
•1mo ago

AI Partnerships And Healthcare Focus Will Shape A Stronger Long Term Trajectory

15
0
0
AN
AnalystLowTarget
1.6% overvalued intrinsic discount
AnalystLowTarget
•2mo ago

Outcome Based Contracts And Public Sector Pressure Will Test Resilience Yet Support Long Term Potential

11
0
0
View all narratives

Mastek Limited Competitors

Happiest Minds Technologies

Symbol: NSEI:HAPPSTMNDS
Market cap: ₹49.9b

Sonata Software

Symbol: NSEI:SONATSOFTW
Market cap: ₹72.0b

Cigniti Technologies

Symbol: BSE:534758
Market cap: ₹34.7b

R Systems International

Symbol: NSEI:RSYSTEMS
Market cap: ₹28.8b

Price History & Performance

Summary of share price highs, lows and changes for Mastek
Historical stock prices
Current Share Price₹1,626.30
52 Week High₹2,560.00
52 Week Low₹1,334.20
Beta0.21
1 Month Change-10.60%
3 Month Change3.10%
1 Year Change-33.70%
3 Year Change-31.73%
5 Year Change-45.09%
Change since IPO513.70%

Recent News & Updates

Recent updates

Analysis Article • Jul 24

Analysts Have Made A Financial Statement On Mastek Limited's (NSE:MASTEK) First-Quarter Report

Last week, you might have seen that Mastek Limited ( NSE:MASTEK ) released its quarterly result to the market. The...
User avatar
Narrative Update • Jul 22

MASTEK: Connected Enterprise Wins Will Support Future Earnings Re-Rating

Analysts have revised their price target for Mastek to ₹2,230 from ₹3,320, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E expectations. What’s in the News for Mastek Mastek has scheduled a board meeting on Jul 21, 2026, at 16:30 Indian Standard Time to consider approval of unaudited consolidated and standalone financial results for the quarter ended Jun 30, 2026, and to discuss other matters.
User avatar
Narrative Update • Jul 07

MASTEK: Digital Transformation Wins And Lower P/E Expectations Will Shape Outlook

The analyst price target for Mastek has been revised from ₹2,072 to ₹1,600, with analysts citing updated assumptions on the discount rate, revenue growth, profit margin, and future P/E to support the new view. What's in the News for Mastek Mastek partnered with Yanbu Cement Company to modernise and digitally transform production, sales, and dispatch operations using Industrial IoT, intelligent automation, and integrated enterprise platforms.
User avatar
Narrative Update • Jun 23

MASTEK: Stable Assumptions And Upcoming Dividend Decision Will Drive Future Upside

Mastek's latest analyst price target has been held steady at ₹2,002, with analysts pointing to unchanged fair value and only minimal tweaks to discount rate, revenue growth, profit margin and future P/E assumptions. What’s in the News for Mastek Mastek has scheduled a board meeting on Apr 17, 2026 to consider audited standalone and consolidated financial results under Ind AS for the year ended Mar 31, 2026.
User avatar
Narrative Update • Jun 07

MASTEK: FCA Digital Contract Will Support Future Upside Potential

Narrative Update on Mastek The analyst price target for Mastek remains at ₹2,002. Analysts indicate that small adjustments in the discount rate and the assumed future P/E are the main drivers behind the refreshed model, rather than a change in estimated fair value.
User avatar
Narrative Update • May 21

MASTEK: UK Government Contracts Will Support Future Upside Potential

Analysts have kept the price target for Mastek broadly steady at ₹2,002. The latest update reflects small tweaks to inputs, such as a slightly lower discount rate and a modestly adjusted forward P/E assumption, rather than any major change in the core outlook.
User avatar
Narrative Update • Apr 28

MASTEK: UK Public Sector Contracts And Dividend Prospects Will Support Upside

Analysts have trimmed their price target on Mastek from ₹2,192 to ₹2,002. This change reflects updated assumptions around growth, profitability and a lower future P/E multiple in their valuation work.
Analysis Article • Apr 22

Analysts Have Made A Financial Statement On Mastek Limited's (NSE:MASTEK) Yearly Report

It's been a pretty great week for Mastek Limited ( NSE:MASTEK ) shareholders, with its shares surging 13% to ₹1,768 in...
User avatar
Narrative Update • Apr 13

MASTEK: UK Public Sector Wins And Dividend Prospects Will Support Upside

Analysts have trimmed their price target on Mastek from ₹2,568.40 to ₹2,192.00, citing updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E multiples. What's in the News A board meeting is scheduled for April 17, 2026 to review audited standalone and consolidated financial results for FY 2025-26 and to consider recommending a final dividend, subject to shareholder approval at the 44th AGM (Board Meeting).
User avatar
Narrative Update • Mar 29

MASTEK: Home Office Contract Pipeline Will Support Future Upside Potential

Narrative Update on Mastek The analyst price target for Mastek has shifted from ₹2,728.40 to ₹2,568.40, with analysts pointing to slightly adjusted assumptions on discount rate, revenue growth, profit margin, and future P/E to support the new view. What's in the News Mastek (UK) Limited secured a two year contract with the UK Financial Conduct Authority, with a deal value of £15 million and an option to extend for a further two years to support the FCA’s Digital Delivery Hub with engineering and development work.
User avatar
New Narrative • Mar 27

AI Partnerships And Healthcare Focus Will Shape A Stronger Long Term Trajectory

Catalysts About Mastek Mastek provides IT services with a focus on digital engineering, Oracle cloud solutions and data driven transformation for public sector, health care, life sciences and financial services clients. What are the underlying business or industry changes driving this perspective?
User avatar
New Narrative • Mar 13

Outcome Based Contracts And Public Sector Pressure Will Test Resilience Yet Support Long Term Potential

Catalysts About Mastek Mastek is an IT services company that focuses on digital engineering, Oracle cloud solutions and sector focused technology services for public sector, health care, life sciences and financial services clients. What are the underlying business or industry changes driving this perspective?
User avatar
Narrative Update • Mar 13

MASTEK: Home Office Contract And Promoter Stake Talks Will Support Upside

Analysts have trimmed their price target on Mastek from ₹2,914 to ₹2,728. This reflects updates to their fair value model that now uses a slightly higher discount rate and a modestly lower future P/E assumption, while keeping revenue growth and profit margin forecasts broadly unchanged.
User avatar
Narrative Update • Feb 06

MASTEK: Potential Zensar Stake Deal And New CFO Will Support Upside

Narrative Update Analysts have kept their fair value estimate for Mastek broadly unchanged at ₹2,914.17. A slightly lower discount rate and a marginally reduced future P/E assumption support a steady overall price target view.
Analysis Article • Jan 24

Mastek (NSE:MASTEK) Will Pay A Dividend Of ₹8.00

The board of Mastek Limited ( NSE:MASTEK ) has announced that it will pay a dividend on the 17th of February, with...
User avatar
Narrative Update • Jan 23

MASTEK: New Finance Leadership And Sustainability Push Will Support Long-Term Upside

Analysts have slightly reduced their price target on Mastek to ₹2,914 from about ₹2,926, reflecting updated assumptions that combine marginally softer revenue growth with a modestly higher profit margin and a similar forward P/E profile. What's in the News The board declared an interim dividend of ₹8 per equity share of face value ₹5, described as 160% of face value, for FY 2025-26, payable on or before February 17, 2026 to shareholders on the record date set at the January 20, 2025 board meeting (company filing).
Analysis Article • Jan 23

Earnings Beat: Mastek Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Investors in Mastek Limited ( NSE:MASTEK ) had a good week, as its shares rose 3.3% to close at ₹2,111 following the...
User avatar
Narrative Update • Dec 09

MASTEK: New Finance Leadership Will Drive Stronger Long Term Performance Ahead

Analysts have marginally lifted their price target on Mastek to ₹2,925.50 from ₹2,897.50, reflecting slightly higher long term growth and profitability assumptions, alongside a modestly richer expected future valuation multiple. What's in the News Mastek appoints veteran finance leader Deepak Kedia as Chief Financial Officer, effective November 11, 2025, strengthening strategic financial leadership and global governance capabilities (Key Developments).
User avatar
Narrative Update • Nov 25

MASTEK: New CFO Appointment Will Drive Stronger Financial Performance Ahead

Analysts have lowered their price target for Mastek from ₹3,093.33 to ₹2,897.50. They cite slightly reduced expectations for revenue growth and profit margins.
Analysis Article • Nov 18

The Market Doesn't Like What It Sees From Mastek Limited's (NSE:MASTEK) Earnings Yet

With a price-to-earnings (or "P/E") ratio of 19.8x Mastek Limited ( NSE:MASTEK ) may be sending bullish signals at the...
User avatar
Narrative Update • Sep 05

UK Government And NHS Spending Will Unlock Enduring Opportunities

With both the discount rate and future P/E for Mastek remaining essentially unchanged, the consensus analyst price target was maintained at ₹3093. What's in the News Upcoming board meeting to review June 2025 quarterly financial results and consider re-appointment of Suresh Vaswani as Independent Director for a second term.
Analysis Article • Apr 23

Mastek Limited (NSE:MASTEK) Just Reported, And Analysts Assigned A ₹2,919 Price Target

Shareholders might have noticed that Mastek Limited ( NSE:MASTEK ) filed its full-year result this time last week. The...
Analysis Article • Apr 08

There's Been No Shortage Of Growth Recently For Mastek's (NSE:MASTEK) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Analysis Article • Mar 18

The Market Doesn't Like What It Sees From Mastek Limited's (NSE:MASTEK) Earnings Yet

With a price-to-earnings (or "P/E") ratio of 16.9x Mastek Limited ( NSE:MASTEK ) may be sending bullish signals at the...
User avatar
New Narrative • Feb 17

AI-first Strategies And UK Expansion Expected To Strengthen Future Prospects

Mastek's expansion in UK government and healthcare, coupled with AI advancements, suggests future revenue growth and improved efficiency.
Analysis Article • Feb 17

At ₹2,443, Is It Time To Put Mastek Limited (NSE:MASTEK) On Your Watch List?

Mastek Limited ( NSE:MASTEK ), is not the largest company out there, but it received a lot of attention from a...
Analysis Article • Feb 04

Is Mastek (NSE:MASTEK) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Jan 19

Earnings Update: Mastek Limited (NSE:MASTEK) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Mastek Limited ( NSE:MASTEK ) shareholders are probably feeling a little disappointed, since its shares fell 6.6% to...
Analysis Article • Nov 19

We Ran A Stock Scan For Earnings Growth And Mastek (NSE:MASTEK) Passed With Ease

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Nov 02

The Return Trends At Mastek (NSE:MASTEK) Look Promising

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Analysis Article • Oct 15

Is There Now An Opportunity In Mastek Limited (NSE:MASTEK)?

While Mastek Limited ( NSE:MASTEK ) might not have the largest market cap around , it received a lot of attention from...
Analysis Article • Aug 29

Mastek (NSE:MASTEK) Is Due To Pay A Dividend Of ₹12.00

Mastek Limited's ( NSE:MASTEK ) investors are due to receive a payment of ₹12.00 per share on 20th of October. This...
Analysis Article • Jul 20

Is Mastek (NSE:MASTEK) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jun 05

Is Now An Opportune Moment To Examine Mastek Limited (NSE:MASTEK)?

Mastek Limited ( NSE:MASTEK ), is not the largest company out there, but it received a lot of attention from a...
Analysis Article • May 12

Little Excitement Around Mastek Limited's (NSE:MASTEK) Earnings

With a price-to-earnings (or "P/E") ratio of 24.3x Mastek Limited ( NSE:MASTEK ) may be sending bullish signals at the...
Analysis Article • Mar 12

We Think Mastek (NSE:MASTEK) Can Stay On Top Of Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Feb 18

Is It Time To Consider Buying Mastek Limited (NSE:MASTEK)?

Mastek Limited ( NSE:MASTEK ), is not the largest company out there, but it led the NSEI gainers with a relatively...
Analysis Article • Feb 04

Returns At Mastek (NSE:MASTEK) Appear To Be Weighed Down

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Jan 19

Mastek Limited (NSE:MASTEK) Not Flying Under The Radar

There wouldn't be many who think Mastek Limited's ( NSE:MASTEK ) price-to-earnings (or "P/E") ratio of 33x is worth a...
Analysis Article • Oct 24

Is Now An Opportune Moment To Examine Mastek Limited (NSE:MASTEK)?

Mastek Limited ( NSE:MASTEK ), might not be a large cap stock, but it received a lot of attention from a substantial...

Shareholder Returns

MASTEKIN ITIN Market
7D-8.3%-5.7%-0.9%
1Y-33.7%-24.0%-0.3%

Return vs Industry: MASTEK underperformed the Indian IT industry which returned -24% over the past year.

Return vs Market: MASTEK underperformed the Indian Market which returned -0.3% over the past year.

Price Volatility

Is MASTEK's price volatile compared to industry and market?
MASTEK volatility
MASTEK Average Weekly Movement7.5%
IT Industry Average Movement6.4%
Market Average Movement5.7%
10% most volatile stocks in IN Market8.9%
10% least volatile stocks in IN Market3.4%

Stable Share Price: MASTEK's share price has been volatile over the past 3 months compared to the Indian market.

Volatility Over Time: MASTEK's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
19824,132Umang Nahatawww.mastek.com

Mastek Limited, together with its subsidiaries, engages in the provision of enterprise technology solutions in India, the United Kingdom, Europe, North America, Middle East region, South-east Asia, India, Singapore, Australia, and internationally. The company offers digital engineering and experience services, such as cloud migration, cloud engineering, low code, devsecops, quality engineering, MACH, platform engineering, digital experience, digital commerce, and enterprise integrations; data and artificial intelligence (AI) services, including cloud data modernization, cloud engineering, data governance, business intelligence and analytics, intelligent automation, decision sciences and ML, and AI; oracle cloud services, comprising AI, cloud applications, Glide 4.0, e-business suite, consulting, advantedge IaaS, SAP to cloud migration, PeopleSoft to cloud migration, analytics cloud, cloud infrastructure, autonomous data warehouse, value-based analytics, and oracle cloud; and salesforce, such as sales cloud, service cloud, experience cloud, marketing cloud, commerce cloud, industry cloud, mulesoft, data cloud, and Agentforce. It also provides managed platforms; and strategy and consulting services.

Mastek Limited Fundamentals Summary

How do Mastek's earnings and revenue compare to its market cap?
MASTEK fundamental statistics
Market cap₹49.91b
Earnings (TTM)₹4.18b
Revenue (TTM)₹37.69b
12.1x
P/E Ratio
1.3x
P/S Ratio

Is MASTEK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MASTEK income statement (TTM)
Revenue₹37.69b
Cost of Revenue₹20.15b
Gross Profit₹17.54b
Other Expenses₹13.36b
Earnings₹4.18b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Oct 31, 2026

Earnings per share (EPS)134.78
Gross Margin46.54%
Net Profit Margin11.09%
Debt/Equity Ratio14.6%

How did MASTEK perform over the long term?

See historical performance and comparison

Dividends

1.5%
Current Dividend Yield
18%
Payout Ratio

Does MASTEK pay a reliable dividends?

See MASTEK dividend history and benchmarks
When do you need to buy MASTEK by to receive an upcoming dividend?
Mastek dividend dates
Ex Dividend DateAug 31 2026
Dividend Pay DateOct 07 2026
Days until Ex dividend11 days
Days until Dividend pay date26 days

Does MASTEK pay a reliable dividends?

See MASTEK dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 11:56
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mastek Limited is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
Pulkit Chawla360 ONE Capital Market Private Limited
Sushovon NayakAnand Rathi Shares and Stock Brokers Limited

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