Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹212, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 22x in the IT industry in India. Total returns to shareholders of 119% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹169, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 21x in the IT industry in India. Total returns to shareholders of 86% over the past three years. Buy Or Sell Opportunity • Apr 01
Now 24% overvalued Over the last 90 days, the stock has fallen 21% to ₹162. The fair value is estimated to be ₹131, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 13%. Announcement • Mar 25
Mindteck (India) Limited to Report Q4, 2026 Results on May 19, 2026 Mindteck (India) Limited announced that they will report Q4, 2026 results on May 19, 2026 New Risk • Mar 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₹5.93b market cap, or US$64.0m). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹1.58 (vs ₹2.49 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.58 (down from ₹2.49 in 3Q 2025). Revenue: ₹1.03b (down 1.3% from 3Q 2025). Net income: ₹50.5m (down 36% from 3Q 2025). Profit margin: 4.9% (down from 7.6% in 3Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 30
Now 21% overvalued Over the last 90 days, the stock has fallen 17% to ₹226. The fair value is estimated to be ₹188, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 17%. Announcement • Jan 23
Mindteck (India) Limited to Report Q3, 2026 Results on Feb 06, 2026 Mindteck (India) Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 06, 2026 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹242, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹296, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 28x in the IT industry in India. Total returns to shareholders of 153% over the past three years. New Risk • Oct 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹293, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 27x in the IT industry in India. Total returns to shareholders of 160% over the past three years. Announcement • Sep 26
Mindteck (India) Limited to Report Q2, 2026 Results on Nov 12, 2025 Mindteck (India) Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹211, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 27x in the IT industry in India. Total returns to shareholders of 88% over the past three years. Declared Dividend • Jul 17
Dividend of ₹1.00 announced Shareholders will receive a dividend of ₹1.00. Ex-date: 1st August 2025 Payment date: 7th September 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 48% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 15
Mindteck (India) Limited, Annual General Meeting, Aug 08, 2025 Mindteck (India) Limited, Annual General Meeting, Aug 08, 2025, at 10:00 Indian Standard Time. Announcement • Jun 25
Mindteck (India) Limited to Report Q1, 2026 Results on Aug 07, 2025 Mindteck (India) Limited announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 24
Full year 2025 earnings released: EPS: ₹9.02 (vs ₹8.78 in FY 2024) Full year 2025 results: EPS: ₹9.02 (up from ₹8.78 in FY 2024). Revenue: ₹4.32b (up 12% from FY 2024). Net income: ₹286.8m (up 5.0% from FY 2024). Profit margin: 6.6% (down from 7.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹240, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 27x in the IT industry in India. Total returns to shareholders of 111% over the past three years. New Risk • Apr 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹6.94b market cap, or US$81.3m). Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹217, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 28x in the IT industry in India. Total returns to shareholders of 75% over the past three years. Announcement • Mar 26
Mindteck (India) Limited to Report Q4, 2025 Results on May 23, 2025 Mindteck (India) Limited announced that they will report Q4, 2025 results on May 23, 2025 Announcement • Mar 25
Mindteck (India) Limited Announces Resignation of Babu Ramanathan as Senior Vice President, Global Delivery Mindteck (India) Limited announced that Mr. Babu Ramanathan, has resigned from the position of Senior Vice President, Global Delivery of the Company. His last working day with the Company will be March 24, 2025 due to his personal reasons. Date of cessation: March 24, 2025. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹189, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 27x in the IT industry in India. Total returns to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹175, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹203, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 30x in the IT industry in India. Total returns to shareholders of 86% over the past three years. Announcement • Feb 12
Mindteck (India) Limited Announces Resignation of Harish Nair as Chief Sales Officer, Effective April 12, 2025 Mindteck (India) Limited announced that Mr. Harish Nair, has resigned from the position of Chief Sales Officer of the Company. His last working day with the Company will be April 12, 2025, due to his willingness to pursue his interests outside the organisation. Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: ₹2.49 (vs ₹2.31 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.49 (up from ₹2.31 in 3Q 2024). Revenue: ₹1.06b (up 11% from 3Q 2024). Net income: ₹79.3m (up 10% from 3Q 2024). Profit margin: 7.5% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹224, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 34x in the IT industry in India. Total returns to shareholders of 52% over the past three years. New Risk • Jan 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.41b (US$97.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (₹8.41b market cap, or US$97.7m). Announcement • Dec 27
Mindteck (India) Limited to Report Q3, 2025 Results on Feb 05, 2025 Mindteck (India) Limited announced that they will report Q3, 2025 results on Feb 05, 2025 New Risk • Nov 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹300, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 37x in the IT industry in India. Total returns to shareholders of 267% over the past three years. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹2.38 (vs ₹2.38 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.38 (up from ₹2.38 in 2Q 2024). Revenue: ₹1.10b (up 12% from 2Q 2024). Net income: ₹75.7m (up 2.2% from 2Q 2024). Profit margin: 6.9% (down from 7.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹298, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 37x in the IT industry in India. Total returns to shareholders of 249% over the past three years. Announcement • Sep 26
Mindteck (India) Limited to Report Q2, 2025 Results on Nov 12, 2024 Mindteck (India) Limited announced that they will report Q2, 2025 results on Nov 12, 2024 New Risk • Sep 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.31b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (₹8.31b market cap, or US$99.3m). Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹424, the stock trades at a trailing P/E ratio of 39.3x. Average trailing P/E is 41x in the IT industry in India. Total returns to shareholders of 397% over the past three years. New Risk • Aug 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.3% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Announcement • Aug 08
Mindteck (India) Limited Announces Appointment of Santosh Nandiyath as Interim Chief Financial Officer,Effective from August 24, 2024 Mindteck (India) Limited announced the appointment of Mr. Santosh Nandiyath has been appointed as an Interim Chief Financial Officer of the Company, effective from August 24, 2024, till the appointment of suitable candidate for the position of Chief Financial Officer. Mr. Santosh Nandiyath, a Chartered Accountant with 15 years of experience in audit, financial reporting, and budgeting. Santosh has worked with renowned firms such as Deloitte and Ernst & Young (EY) GDS. His career highlights include roles at CitiusTech and Altisource, where he demonstrated strong capabilities in financial management and systems integration. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹446, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 42x in the IT industry in India. Total returns to shareholders of 272% over the past three years. Reported Earnings • Jul 22
Full year 2024 earnings released: EPS: ₹10.97 (vs ₹8.26 in FY 2023) Full year 2024 results: EPS: ₹10.97 (up from ₹8.26 in FY 2023). Revenue: ₹3.86b (up 14% from FY 2023). Net income: ₹273.1m (up 32% from FY 2023). Profit margin: 7.1% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings. Declared Dividend • Jul 21
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 2nd August 2024 Payment date: 8th September 2024 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 58% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 18
Mindteck (India) Limited, Annual General Meeting, Aug 09, 2024 Mindteck (India) Limited, Annual General Meeting, Aug 09, 2024, at 10:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹391, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 38x in the IT industry in India. Total returns to shareholders of 313% over the past three years. Announcement • Jun 27
Mindteck (India) Limited to Report Q1, 2025 Results on Aug 08, 2024 Mindteck (India) Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Announcement • Jun 25
Mindteck (India) Limited Announces Resignation of Ramachandra M S as Chief Financial Officer, Effective August 23, 2024 Mindteck (India) Limited announced that Mr. Ramachandra M S, has resigned from the position of Chief Financial Officer of the Company. His last working day with the Company, will be August 23, 2024. Resignation due to his willingness to pursue his interests outside the organisation. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹297, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 33x in the IT industry in India. Total returns to shareholders of 332% over the past three years. Reported Earnings • May 19
Full year 2024 earnings released: EPS: ₹10.97 (vs ₹8.26 in FY 2023) Full year 2024 results: EPS: ₹10.97 (up from ₹8.26 in FY 2023). Revenue: ₹3.92b (up 16% from FY 2023). Net income: ₹273.1m (up 32% from FY 2023). Profit margin: 7.0% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 82% per year, which means it is well ahead of earnings. Announcement • May 18
Mindteck (India) Limited Recommends Dividend for the Fiscal Year 2023-2024 Mindteck (India) Limited announced that at the board meeting held on May 17, 2024 have recommended a Dividend of 10% (INR 1 per equity share of INR 10 each) for the fiscal year 2023-2024. New Risk • Apr 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Market cap is less than US$100m (₹7.77b market cap, or US$93.2m). Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹267, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 38x in the IT industry in India. Total returns to shareholders of 496% over the past three years. Announcement • Mar 27
Mindteck (India) Limited to Report Q4, 2024 Results on May 17, 2024 Mindteck (India) Limited announced that they will report Q4, 2024 results on May 17, 2024 New Risk • Mar 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Market cap is less than US$100m (₹5.26b market cap, or US$63.1m). Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹207, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 33x in the IT industry in India. Total returns to shareholders of 405% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹172, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 34x in the IT industry in India. Total returns to shareholders of 283% over the past three years. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: ₹2.89 (vs ₹2.19 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.89 (up from ₹2.19 in 3Q 2023). Revenue: ₹972.7m (up 18% from 3Q 2023). Net income: ₹71.9m (up 31% from 3Q 2023). Profit margin: 7.4% (up from 6.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 27
Mindteck (India) Limited to Report Q3, 2024 Results on Feb 07, 2024 Mindteck (India) Limited announced that they will report Q3, 2024 results on Feb 07, 2024 Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹255, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 38x in the IT industry in India. Total returns to shareholders of 605% over the past three years. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹229, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 39x in the IT industry in India. Total returns to shareholders of 584% over the past three years. Reported Earnings • Nov 14
Second quarter 2024 earnings released: EPS: ₹2.97 (vs ₹1.87 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.97 (up from ₹1.87 in 2Q 2023). Revenue: ₹1.00b (up 19% from 2Q 2023). Net income: ₹74.1m (up 57% from 2Q 2023). Profit margin: 7.4% (up from 5.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹165, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 37x in the IT industry in India. Total returns to shareholders of 459% over the past three years. Announcement • Sep 28
Mindteck (India) Limited to Report Q2, 2024 Results on Nov 09, 2023 Mindteck (India) Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Announcement • Aug 12
Mindteck (India) Limited Declares Dividend for the Year Ended March 31, 20223 Mindteck (India) Limited announced that at its AGM held on August 11, 2023, declared a dividend of Re. 1/- per Equity Share for the financial year ended March 31, 2023. Upcoming Dividend • Jul 28
Upcoming dividend of ₹1.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 04 August 2023. Payment date: 10 September 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.9%). Reported Earnings • Jul 22
Full year 2023 earnings released: EPS: ₹8.26 (vs ₹13.19 in FY 2022) Full year 2023 results: EPS: ₹8.26 (down from ₹13.19 in FY 2022). Revenue: ₹3.37b (up 13% from FY 2022). Net income: ₹207.7m (down 38% from FY 2022). Profit margin: 6.2% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 85% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
Mindteck (India) Limited to Report Q1, 2024 Results on Aug 10, 2023 Mindteck (India) Limited announced that they will report Q1, 2024 results on Aug 10, 2023 New Risk • Jun 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (₹4.13b market cap, or US$50.4m). Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹167, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 34x in the IT industry in India. Total returns to shareholders of 636% over the past three years. Reported Earnings • May 21
Full year 2023 earnings released: EPS: ₹8.26 (vs ₹13.19 in FY 2022) Full year 2023 results: EPS: ₹8.26 (down from ₹13.19 in FY 2022). Revenue: ₹3.41b (up 14% from FY 2022). Net income: ₹207.7m (down 38% from FY 2022). Profit margin: 6.1% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 83% per year, which means it is significantly lagging earnings growth. Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Additional Non-Executive Director Keyuri Singh was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹2.19 (vs ₹1.76 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.19 (up from ₹1.76 in 3Q 2022). Revenue: ₹826.6m (up 9.2% from 3Q 2022). Net income: ₹55.1m (up 24% from 3Q 2022). Profit margin: 6.7% (up from 5.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth. Announcement • Dec 29
Mindteck (India) Limited to Report Q3, 2023 Results on Feb 10, 2023 Mindteck (India) Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹115, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 25x in the IT industry in India. Total returns to shareholders of 347% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹1.87 (vs ₹1.75 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.87 (up from ₹1.75 in 2Q 2022). Revenue: ₹840.7m (up 11% from 2Q 2022). Net income: ₹47.3m (up 7.3% from 2Q 2022). Profit margin: 5.6% (down from 5.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹1.87 (vs ₹1.75 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.87 (up from ₹1.75 in 2Q 2022). Revenue: ₹851.0m (up 12% from 2Q 2022). Net income: ₹47.3m (up 7.3% from 2Q 2022). Profit margin: 5.6% (down from 5.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 28
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 11 September 2022. Payout ratio is a comfortable 7.6% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (2.0%). Reported Earnings • Jul 21
Full year 2022 earnings released: EPS: ₹13.19 (vs ₹4.31 in FY 2021) Full year 2022 results: EPS: ₹13.19 (up from ₹4.31 in FY 2021). Revenue: ₹2.99b (up 4.2% from FY 2021). Net income: ₹333.1m (up 207% from FY 2021). Profit margin: 11% (up from 3.8% in FY 2021). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 19% share price gain to ₹126, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 230% over the past three years.