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Mindpool Technologies

NSEI:MINDPOOL
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MINDPOOL
NSEI
₹75M
Market Cap
  1. Home
  2. IN
  3. Software
Company description

Mindpool Technologies Limited provides IT staffing and consultancy services to Fortune 500 clients in India, the United States, and internationally. The last earnings update was 326 days ago. More info.


Add to Portfolio Compare Print
  • Mindpool Technologies has significant price volatility in the past 3 months.
MINDPOOL Share Price and Events
7 Day Returns
-2.5%
NSEI:MINDPOOL
1.5%
IN IT
1.7%
IN Market
1 Year Returns
-
NSEI:MINDPOOL
26.1%
IN IT
0.1%
IN Market
MINDPOOL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mindpool Technologies (MINDPOOL) -2.5% 4.4% - - - -
IN IT 1.5% 5.1% 9.1% 26.1% 45.3% 79.4%
IN Market 1.7% 2.7% 5.8% 0.1% 41.6% 73.3%
1 Year Return vs Industry and Market
  • No trading data on MINDPOOL.
  • No trading data on MINDPOOL.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Mindpool Technologies 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
  • It is not possible to calculate the future cash flow value for Mindpool Technologies. This is due to cash flow or dividend data being unavailable. The share price is ₹17.75.
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 Mindpool Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mindpool Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:MINDPOOL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹5.62
NSEI:MINDPOOL Share Price ** NSEI (2019-04-16) in INR ₹17.75
India IT Industry PE Ratio Median Figure of 84 Publicly-Listed IT Companies 16.18x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mindpool Technologies.

NSEI:MINDPOOL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:MINDPOOL Share Price ÷ EPS (both in INR)

= 17.75 ÷ 5.62

3.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mindpool Technologies is good value based on earnings compared to the IN IT industry average.
  • Mindpool Technologies is good value based on earnings compared to the India market.
Price based on expected Growth
Does Mindpool Technologies's expected growth come at a high price?
Raw Data
NSEI:MINDPOOL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
3%per year
India IT Industry PEG Ratio Median Figure of 21 Publicly-Listed IT Companies 1.3x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mindpool Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mindpool Technologies's assets?
Raw Data
NSEI:MINDPOOL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹34.23
NSEI:MINDPOOL Share Price * NSEI (2019-04-16) in INR ₹17.75
India IT Industry PB Ratio Median Figure of 108 Publicly-Listed IT Companies 1.4x
India Market PB Ratio Median Figure of 3,626 Publicly-Listed Companies 1.12x
NSEI:MINDPOOL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:MINDPOOL Share Price ÷ Book Value per Share (both in INR)

= 17.75 ÷ 34.23

0.52x

* Primary Listing of Mindpool Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mindpool Technologies is good value based on assets compared to the IN IT industry average.
X
Value checks
We assess Mindpool Technologies's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Mindpool Technologies has a total score of 3/6, 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 Mindpool Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Mindpool Technologies, future earnings growth has been estimated based on fundamentals.
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!
Annual Growth Rate
3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mindpool Technologies expected to grow at an attractive rate?
  • Mindpool Technologies's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Mindpool Technologies's earnings growth is positive but not above the India market average.
  • Unable to compare Mindpool Technologies's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:MINDPOOL Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:MINDPOOL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 3%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 9.5%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*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
Raw Data
NSEI:MINDPOOL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:MINDPOOL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 202 -10 17
2017-03-31 249 4 13
2016-03-31 207 -23 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mindpool Technologies's earnings are expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Mindpool Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:MINDPOOL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mindpool Technologies Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MINDPOOL Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 5.62
2017-03-31 4.30
2016-03-31 -1.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mindpool Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mindpool Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mindpool Technologies has a total score of 0/6, 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 Mindpool Technologies performed over the past 5 years?

  • Mindpool Technologies's last earnings update was 326 days ago.
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
Below we compare Mindpool Technologies's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Mindpool Technologies's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Mindpool Technologies's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Mindpool Technologies's earnings growth has exceeded the IN IT industry average in the past year (30.7% vs 24.5%).
Earnings and Revenue History
Mindpool Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mindpool Technologies Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MINDPOOL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 202.24 16.91
2017-03-31 248.60 12.93
2016-03-31 207.05 -3.40
2015-03-31 258.11 -10.80 0.10
2014-03-31 261.86 58.38 0.21

*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.
  • Mindpool Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mindpool Technologies used its assets more efficiently than the IN IT industry average last year based on Return on Assets.
  • Mindpool Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mindpool Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mindpool Technologies has a total score of 3/6, 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 Mindpool Technologies'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 Mindpool Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mindpool Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mindpool Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mindpool Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 8.3x 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.
Raw Data

All data from Mindpool Technologies Company Filings, last reported 1 year ago.

NSEI:MINDPOOL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 103.96 12.12 22.19
2017-03-31 86.73 61.13 79.25
2016-03-31 74.00 50.17 73.27
2015-03-31 76.40 0.00 51.95
2014-03-31 85.76 0.00 29.68
  • Mindpool Technologies's level of debt (11.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Mindpool Technologies's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 44.8x coverage).
X
Financial health checks
We assess Mindpool Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mindpool Technologies has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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 Mindpool Technologies'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
Dividend payments
0%
Current annual income from Mindpool Technologies dividends.
If you bought ₹2,000 of Mindpool Technologies shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mindpool Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mindpool Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
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.
Raw Data
NSEI:MINDPOOL Annualized Past and Future Dividends
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 0 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 1399 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.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mindpool Technologies has not reported any payouts.
  • Unable to verify if Mindpool Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mindpool Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mindpool Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mindpool Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mindpool Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mindpool Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mindpool Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ritesh Sharma
AGE 41
TENURE AS CEO 1.1 years
CEO Bio

Mr. Ritesh R. Sharma has been Managing Director of Mindpool Technologies Limited and has been its Director since February 22, 2011. Mr. Sharma has more than 10 years of experience in the IT staffing and consulting industry. He oversees Mindpool Technologies' business operations and is also involved in strategy consulting, business plan and sales strategy development, IT solutions and service delivery across India. He holds Bachelor‘s degree in commerce from Amravati University, Maharashtra.

CEO Compensation
  • Insufficient data for Ritesh to compare compensation growth.
  • Insufficient data for Ritesh to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the Mindpool Technologies management team in years:

1.1
Average Tenure
40
Average Age
  • The average tenure for the Mindpool Technologies management team is less than 2 years, this suggests a new team.
Management Team

Ritesh Sharma

TITLE
MD & Director
AGE
41
TENURE
1.1 yrs

Paramjeet Mehta

TITLE
Chief Financial Officer
AGE
40
TENURE
1.1 yrs

Renuka Trikha

TITLE
Company Secretary & Compliance Officer
TENURE
1.1 yrs

Anirudha Kshirsagar

TITLE
Senior Sales Manager

Vaishali Joshi

TITLE
Head of HR

Poonam Sharma

TITLE
Whole Time Director
AGE
37

Satish Kumar

TITLE
Country Head

Amit Nerli

TITLE
Head of Recruitment
Board of Directors Tenure

Average tenure and age of the Mindpool Technologies board of directors in years:

1.1
Average Tenure
42
Average Age
  • The average tenure for the Mindpool Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ritesh Sharma

TITLE
MD & Director
AGE
41
TENURE
8.2 yrs

Poonam Sharma

TITLE
Whole Time Director
AGE
37
TENURE
8.2 yrs

Narottam Joshi

TITLE
Non-Executive Independent Director
AGE
73
TENURE
1.1 yrs

Jeendru Reddy

TITLE
Non-Executive Independent Director
AGE
42
TENURE
1.1 yrs

Dattatreya Pendyal

TITLE
Non-Executive Director
AGE
69
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Mindpool Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mindpool Technologies 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

Company Info

Description

Mindpool Technologies Limited provides IT staffing and consultancy services to Fortune 500 clients in India, the United States, and internationally. The company offers third party payroll, Oracle consulting, web and mobile application development, IT staffing, recruitment process outsourcing, corporate training, and Microsoft consulting services. It serves IT software, healthcare, engineering and manufacturing, BFSI (banking, financial services, and insurance), retail, telecommunication, and media and entertainment sectors. Mindpool Technologies Limited was formerly known as Mindpool Technologies Private Limited and changed its name to Mindpool Technologies Limited in April 2018. The company was founded in 2011 and is based in Bengaluru, India with additional offices in San Jose, California; Wilmington, Delaware; and Pune, Chennai, and Mumbai, India.

Details
Name: Mindpool Technologies Limited
MINDPOOL
Exchange: NSEI
Founded: 2011
₹75,215,625
4,237,500
Website: http://www.mindpooltech.com
Address: Mindpool Technologies Limited
Enzyme Tech Park,
1st Floor,
Bengaluru,
Karnataka, 560095,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI MINDPOOL Equity Shares National Stock Exchange of India IN INR 28. Feb 2019
Number of employees
Current staff
Staff numbers
103
Mindpool Technologies employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 13:10
End of day share price update: 2019/04/16 00:00
Last earnings filing: 2018/05/27
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


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.