Mindteck (India) Limited provides product engineering and information technology (IT) services in the United States, India, and internationally.
Flawless balance sheet and fair value.
Share Price & News
How has Mindteck (India)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MINDTECK's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MINDTECK underperformed the Indian IT industry which returned 0.8% over the past year.
Return vs Market: MINDTECK underperformed the Indian Market which returned -8.7% over the past year.
Price Volatility Vs. Market
How volatile is Mindteck (India)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StShould You Buy Mindteck (India) Limited (NSE:MINDTECK) For Its 5.1% Dividend?
3 months ago | Simply Wall StThe Mindteck (India) (NSE:MINDTECK) Share Price Is Down 84% So Some Shareholders Are Rather Upset
4 months ago | Simply Wall StIs Mindteck (India) Limited's (NSE:MINDTECK) CEO Being Overpaid?
Is Mindteck (India) undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MINDTECK (₹24.2) is trading below our estimate of fair value (₹123.1)
Significantly Below Fair Value: MINDTECK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MINDTECK is unprofitable, so we can't compare its PE Ratio to the IT industry average.
PE vs Market: MINDTECK is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MINDTECK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MINDTECK is good value based on its PB Ratio (0.5x) compared to the IN IT industry average (0.9x).
How is Mindteck (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Mindteck (India) 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.
- Examine whether Mindteck (India) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Mindteck (India) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
How has Mindteck (India) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MINDTECK is currently unprofitable.
Growing Profit Margin: MINDTECK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MINDTECK is unprofitable, and losses have increased over the past 5 years at a rate of -68.7% per year.
Accelerating Growth: Unable to compare MINDTECK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MINDTECK is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (5.6%).
Return on Equity
High ROE: MINDTECK has a negative Return on Equity (-49.99%), as it is currently unprofitable.
How is Mindteck (India)'s financial position?
Financial Position Analysis
Short Term Liabilities: MINDTECK's short term assets (₹1.1B) exceed its short term liabilities (₹373.8M).
Long Term Liabilities: MINDTECK's short term assets (₹1.1B) exceed its long term liabilities (₹174.9M).
Debt to Equity History and Analysis
Debt Level: MINDTECK is debt free.
Reducing Debt: MINDTECK had no debt 5 years ago.
Debt Coverage: MINDTECK has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MINDTECK has no debt, therefore coverage of interest payments is not a concern.
What is Mindteck (India) current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MINDTECK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MINDTECK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MINDTECK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MINDTECK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MINDTECK is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MINDTECK's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Anand Balakrishnan serves as Managing Director and Chief Executive Officer of Mindteck (India) Limited since March 1, 2020 and serves as its Additional Director since February 14, 2020. Mr. Balakrishna ...
CEO Compensation Analysis
Compensation vs Market: Anand's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD49.50K).
Compensation vs Earnings: Anand's compensation has increased whilst the company is unprofitable.
|CEO, MD & Additional Director||0.33yr||no data||no data|
|Vice President of Research & Development||no data||no data||0.030% ₹189.9k|
|Chief Compliance Officer||no data||₹4.00m||0.033% ₹202.9k|
|Senior Vice President of Global Delivery & Practices||no data||no data||0.020% ₹126.6k|
|Chief Financial Officer||0.33yr||no data||no data|
|Senior Vice President of Marketing & Communications||no data||no data||no data|
|Senior Vice President of Global Sales||0.50yr||no data||no data|
|General Manager of Human Resources||no data||no data||no data|
|Head of Cloud Solutions||0.50yr||no data||no data|
|General Manager of Istanbul Office.||2.42yrs||no data||no data|
Experienced Management: MINDTECK's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
|CEO, MD & Additional Director||0.33yr||no data||no data|
|Non-Executive Director||6.75yrs||no data||no data|
|Independent Director||4.17yrs||₹200.00k||no data|
|Independent Director||2.17yrs||₹400.00k||no data|
|Independent Director||2.17yrs||₹300.00k||no data|
|Non-Executive Chairman||6.75yrs||₹400.00k||0.12% ₹733.7k|
|Independent Director||6.92yrs||₹400.00k||no data|
|Independent Director||5.25yrs||₹300.00k||no data|
Experienced Board: MINDTECK's board of directors are considered experienced (4.7 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mindteck (India) Limited's company bio, employee growth, exchange listings and data sources
- Name: Mindteck (India) Limited
- Ticker: MINDTECK
- Exchange: NSEI
- Founded: 1991
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: ₹622.586m
- Shares outstanding: 25.21m
- Website: https://www.mindteck.com
Number of Employees
- Mindteck (India) Limited
- AMR Tech Park
- Block-1, 3rd Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|517344||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Dec 2003|
|MINDTECK||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Dec 2003|
Mindteck (India) Limited provides product engineering and information technology (IT) services in the United States, India, and internationally. The company offers smart grid communication services, OEM solutions, data center and in-premises energy management services, and IT application solutions; embedded design services, embedded verification and validation services, and system solutions; product lifecycle management (PLM) consulting, advisory, system implementation and administration, system validation/testing, program management, and system integration/data migration services; and SAP services. It also provides mobile strategy consulting, user experience, design and development, and mobility testing services; hybrid cloud appliance, interoperable cloud storage, and business data analytics services; business intelligence, data/information management, and big data services, as well as advanced analytics and analytics on unstructured data; and IT security services. In addition, it offers system and integration, specialized, software product, and cloud based testing services, as well as test strategy, automation, and infrastructure services; product engineering, re-engineering, and sustenance services; data center transformation and IT infrastructure management services; custom application development, application maintenance and management, legacy modernization, and performance engineering and enhancement services; and application and enterprise systems integration, business process management, packaged application, and service oriented architecture services. Further, it sources and deploys IT talent; and smart city solutions. It serves start-ups, universities, and government entities. The company was formerly known as Hinditron Informatics Limited and changed its name to Mindteck (India) Limited in September 1999. The company was founded in 1991 and is headquartered in Bengaluru, India. Mindteck (India) Limited is a subsidiary of Embtech Holdings Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/06 12:52|
|End of Day Share Price||2020/07/06 00:00|
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.