NSEI:MINDPOOL

Stock Analysis Report

Mindpool Technologies

Executive Summary

Mindpool Technologies Limited provides IT staffing and recruitment services in India, the United States, and internationally.


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

How has Mindpool Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MINDPOOL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

MINDPOOL

2.2%

IN IT

-1.5%

IN Market


1 Year Return

n/a

MINDPOOL

11.0%

IN IT

10.7%

IN Market

Return vs Industry: Insufficient data to determine how MINDPOOL performed against the Indian IT industry.

Return vs Market: Insufficient data to determine how MINDPOOL performed against the Indian Market.


Shareholder returns

MINDPOOLIndustryMarket
7 Day0%2.2%-1.5%
30 Day-3.3%1.2%-2.7%
90 Day-20.5%6.8%1.3%
1 Yearn/a13.9%11.0%12.7%10.7%
3 Yearn/a72.5%62.5%22.0%15.1%
5 Yearn/a57.2%42.8%34.5%22.0%

Price Volatility Vs. Market

How volatile is Mindpool Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mindpool Technologies undervalued compared to its fair value and its price relative to the market?

8.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MINDPOOL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MINDPOOL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MINDPOOL is good value based on its PE Ratio (8.1x) compared to the IT industry average (11.3x).

PE vs Market: MINDPOOL is good value based on its PE Ratio (8.1x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MINDPOOL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MINDPOOL is good value based on its PB Ratio (0.4x) compared to the IN IT industry average (0.9x).


Next Steps

Future Growth

How is Mindpool Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.3%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mindpool Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Mindpool Technologies performed over the past 5 years?

41.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MINDPOOL has high quality earnings.

Growing Profit Margin: MINDPOOL's current net profit margins (3%) are lower than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: MINDPOOL's earnings have grown significantly by 41% per year over the past 5 years.

Accelerating Growth: MINDPOOL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MINDPOOL had negative earnings growth (-59.1%) over the past year, making it difficult to compare to the IT industry average (7.4%).


Return on Equity

High ROE: MINDPOOL's Return on Equity (4.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Mindpool Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: MINDPOOL's short term assets (₹145.3M) do not cover its short term liabilities (₹-2.3M).

Long Term Liabilities: MINDPOOL's short term assets (₹145.3M) exceed its long term liabilities (₹158.0K).


Debt to Equity History and Analysis

Debt Level: MINDPOOL is debt free.

Reducing Debt: MINDPOOL had no debt 5 years ago.

Debt Coverage: MINDPOOL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MINDPOOL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: MINDPOOL has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MINDPOOL's debt is covered by short term assets.


Next Steps

Dividend

What is Mindpool Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.6%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate MINDPOOL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MINDPOOL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MINDPOOL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MINDPOOL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MINDPOOL's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Ritesh Sharma (42yo)

1.9yrs

Tenure

₹1,773,242

Compensation

Mr. Ritesh Ramavtar Sharma has been Chairman and Managing Director of Mindpool Technologies Limited and has been its Director since February 22, 2011. Mr. Sharma has many years of experience in the IT staf ...


CEO Compensation Analysis

Compensation vs Market: Ritesh's total compensation ($USD24.85K) is below average for companies of similar size in the Indian market ($USD50.25K).

Compensation vs Earnings: Insufficient data to compare Ritesh's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Ritesh Sharma
Chairman & MD1.9yrs₹1.77m35.75% 22.0m
Poonam Sharma
Whole Time Director9yrs₹1.17m35.52% 21.8m
Sathish Ganesan
Chief Financial Officer0.8yrsno datano data
Priyal Singh
Company Secretary & Compliance Officer0.8yrsno datano data
Anirudha Kshirsagar
Senior Sales Manager0yrsno datano data
Geetanjali Nagwade
Head of HR0yrsno datano data
Amit Nerli
Head of Recruitment0yrsno datano data

0.8yrs

Average Tenure

Experienced Management: MINDPOOL's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ritesh Sharma
Chairman & MD1.9yrs₹1.77m35.75% 22.0m
Poonam Sharma
Whole Time Director9yrs₹1.17m35.52% 21.8m
Dattatreya Pendyal
Non Executive Non Independent Director1.9yrsno datano data
Narrottam Joshi
Non-Executive Independent Director1.9yrsno datano data
Jeendru Reddy
Non-Executive Independent Director1.9yrsno datano data
Kaustubh Karwe
Independent Director1.1yrsno datano data

1.9yrs

Average Tenure

43yo

Average Age

Experienced Board: MINDPOOL's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: MINDPOOL only recently listed within the past 12 months, with total shares outstanding growing by 21.2% in the past year..


Top Shareholders

Company Information

Mindpool Technologies Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mindpool Technologies Limited
  • Ticker: MINDPOOL
  • Exchange: NSEI
  • Founded: 2011
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: ₹61.444m
  • Shares outstanding: 4.24m
  • Website: https://www.mindpooltech.com

Location

  • Mindpool Technologies Limited
  • A-301, Delta-1 Building
  • 3rd Floor
  • Pune
  • Maharashtra
  • 411014
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MINDPOOLNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 2019

Biography

Mindpool Technologies Limited provides IT staffing and recruitment services in India, the United States, and internationally. The company offers third party payroll services; Oracle consultancy services, such as upgrade and support; and Web application development services, such as custom Web application development, Web application development modernization, and application integration and re-engineering. In also provides mobile application development services, including native and hybrid mobile app development, mobile application re-engineering, and existing mobile app conversion; and contract and permanent staffing, campus recruitment, start-up hiring, recruitment process outsourcing, and corporate training services. The company serves IT software, healthcare, engineering and manufacturing, retail, telecommunication, and media and entertainment industries, as well as the banking, financial services, and insurance industry. Mindpool Technologies Limited was incorporated in 2011 and is based in Pune, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 13:19
End of Day Share Price2020/02/06 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.