Mastek Future Growth

Future criteria checks 3/6

Mastek is forecast to grow earnings and revenue by 18.4% and 12.4% per annum respectively. EPS is expected to grow by 18% per annum. Return on equity is forecast to be 18% in 3 years.

Key information

18.4%

Earnings growth rate

18.0%

EPS growth rate

IT earnings growth	10.7%
Revenue growth rate	12.4%
Future return on equity	18.0%
Analyst coverage	Good
Last updated	14 Sep 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NSEI:MASTEK - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	45,306	5,190	3,908	N/A	3
3/31/2026	39,997	4,464	3,818	N/A	7
3/31/2025	34,429	3,357	2,821	N/A	6
6/30/2024	31,424	3,017	N/A	N/A	N/A
3/31/2024	30,548	3,003	3,889	4,204	N/A
12/31/2023	29,842	2,808	N/A	N/A	N/A
9/30/2023	28,586	2,697	1,985	2,221	N/A
6/30/2023	27,184	2,859	N/A	N/A	N/A
3/31/2023	25,634	2,930	762	1,077	N/A
12/31/2022	24,357	3,003	N/A	N/A	N/A
9/30/2022	23,290	3,098	719	1,131	N/A
6/30/2022	22,376	3,030	N/A	N/A	N/A
3/31/2022	21,838	2,951	2,366	2,735	N/A
12/31/2021	20,855	2,758	N/A	N/A	N/A
9/30/2021	19,765	2,596	2,604	2,867	N/A
6/30/2021	18,523	2,382	N/A	N/A	N/A
3/31/2021	17,219	2,094	2,754	2,871	N/A
12/31/2020	15,753	1,828	N/A	N/A	N/A
9/30/2020	13,761	1,514	2,824	2,960	N/A
6/30/2020	12,100	1,300	N/A	N/A	N/A
3/31/2020	10,715	1,089	1,688	1,845	N/A
12/31/2019	10,019	1,023	N/A	N/A	N/A
9/30/2019	10,232	1,028	901	1,050	N/A
6/30/2019	10,367	1,032	N/A	N/A	N/A
3/31/2019	10,332	1,015	596	751	N/A
12/31/2018	9,898	935	N/A	N/A	N/A
9/30/2018	9,343	854	N/A	N/A	N/A
6/30/2018	8,757	778	N/A	N/A	N/A
3/31/2018	8,172	700	N/A	649	N/A
12/31/2017	7,748	657	N/A	N/A	N/A
9/30/2017	6,914	594	N/A	N/A	N/A
6/30/2017	6,188	492	N/A	N/A	N/A
3/31/2017	5,602	324	N/A	429	N/A
12/31/2016	5,063	283	N/A	N/A	N/A
9/30/2016	5,180	179	N/A	N/A	N/A
6/30/2016	5,237	129	N/A	N/A	N/A
3/31/2016	5,269	137	N/A	315	N/A
12/31/2015	1,873	331	N/A	N/A	N/A
9/30/2015	3,181	410	N/A	N/A	N/A
6/30/2015	9,160	213	N/A	N/A	N/A
3/31/2015	5,210	365	N/A	585	N/A
12/31/2014	9,639	226	N/A	N/A	N/A
9/30/2014	9,357	322	N/A	N/A	N/A
6/30/2014	9,250	456	N/A	N/A	N/A
3/31/2014	4,097	307	N/A	891	N/A
12/31/2013	9,430	499	N/A	N/A	N/A
9/30/2013	9,287	392	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MASTEK's forecast earnings growth (18.4% per year) is above the savings rate (6.7%).

Earnings vs Market: MASTEK's earnings (18.4% per year) are forecast to grow faster than the Indian market (17.3% per year).

High Growth Earnings: MASTEK's earnings are forecast to grow, but not significantly.

Revenue vs Market: MASTEK's revenue (12.4% per year) is forecast to grow faster than the Indian market (10.2% per year).

High Growth Revenue: MASTEK's revenue (12.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MASTEK's Return on Equity is forecast to be low in 3 years time (18%).

Mastek Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 9.6% to ₹3,016

Price target increased by 11% to ₹2,583

Consensus EPS estimates fall by 11%

Price target decreased to ₹3,053

Recent updates

Mastek Limited Approves Final Dividend for the Financial Year 2023-­24

Upcoming dividend of ₹12.00 per share

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

Dividend of ₹12.00 announced

Mastek Limited, Annual General Meeting, Sep 20, 2024

Mastek Limited to Report Q2, 2025 Results on Oct 31, 2024

Mastek Limited Announces CEO Changes

First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Is Mastek (NSE:MASTEK) A Risky Investment?

Mastek Limited to Report Q1, 2025 Results on Jul 18, 2024

Mastek Limited to Boost CX Management for Manufacturing, Healthcare, Banking, Financial Services and Insurance Sector with Nvidia AI Enterprise

Investor sentiment improves as stock rises 17%

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

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

Full year 2024 earnings released: EPS: ₹98.01 (vs ₹97.23 in FY 2023)

Mastek Limited Recommends Final Dividend for the Financial Year Ended March 31, 2024

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

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

Insider recently sold ₹1.5m worth of stock

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

Third quarter 2024 earnings: EPS exceeds analyst expectations

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

Mastek Limited Declares an Interim Dividend

Insider recently sold ₹2.8m worth of stock

Price target increased by 9.6% to ₹3,016

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

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Mastek Limited Announces Board Committee Changes

Mastek Limited Appoints Arvind Jonnalagadda as Global Chief Human Resources Officer

Price target increased by 11% to ₹2,583

Insider recently sold ₹24m worth of stock

Mastek Limited Declares Final Dividend

Mastek Limited Appoints Umang Nahata as Non-Executive, Non-Independent

Upcoming dividend of ₹12.00 per share at 0.8% yield

Insider recently sold ₹2.4m worth of stock

Mastek's (NSE:MASTEK) Dividend Will Be ₹12.00

Mastek Limited, Annual General Meeting, Sep 21, 2023

Mastek Limited, Annual General Meeting, Sep 21, 2023

Return Trends At Mastek (NSE:MASTEK) Aren't Appealing

First quarter 2024 earnings released: EPS: ₹22.95 (vs ₹25.70 in 1Q 2023)

Why Mastek Limited (NSE:MASTEK) Could Be Worth Watching

Insider recently sold ₹33m worth of stock

Insider recently sold ₹10m worth of stock

Insider recently sold ₹350k worth of stock

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Co-Founder recently bought ₹9.1m worth of stock

Insider recently sold ₹5.0m worth of stock

Mastek Limited Appoints Prameela Kalive as Chief Operating Officer

Upcoming dividend of ₹7.00 per share at 1.2% yield

Consensus EPS estimates fall by 11%

Mastek (NSE:MASTEK) Is Due To Pay A Dividend Of ₹7.00

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Mastek Limited Announces Resignation of Atul Kanagat as Independent Director

Insider recently sold ₹360k worth of stock

Insider recently sold ₹16m worth of stock

High number of new directors

Second quarter 2023 earnings released: EPS: ₹26.31 (vs ₹27.78 in 2Q 2022)

Mastek Limited to Report Q2, 2023 Results on Oct 20, 2022

Insider recently sold ₹1.8m worth of stock

Mastek Limited Declares Final Dividend

Upcoming dividend of ₹12.00 per share

Mastek Limited to Report Q2, 2023 Results on Oct 31, 2022

Co-Founder recently bought ₹4.1m worth of stock

Is Now The Time To Look At Buying Mastek Limited (NSE:MASTEK)?

Insider recently sold ₹6.3m worth of stock

First quarter 2023 earnings released: EPS: ₹25.70 (vs ₹27.43 in 1Q 2022)

Why We Like The Returns At Mastek (NSE:MASTEK)

Mastek Limited to Report Q1, 2023 Results on Jul 20, 2022

Price target decreased to ₹3,053

Insider recently sold ₹16m worth of stock

Investor sentiment deteriorated over the past week

Mastek Limited Approves Final Dividend for the Financial Year 2023-24