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Mindteck (India)

NSEI:MINDTECK
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MINDTECK
NSEI
₹958M
Market Cap
  1. Home
  2. IN
  3. Software
Company description

Mindteck (India) Limited provides product engineering and information technology (IT) services worldwide. The last earnings update was 52 days ago. More info.


Add to Portfolio Compare Print
  • Mindteck (India) has significant price volatility in the past 3 months.
MINDTECK Share Price and Events
7 Day Returns
-6.5%
NSEI:MINDTECK
1.1%
IN IT
-0.5%
IN Market
1 Year Returns
-15.1%
NSEI:MINDTECK
7.5%
IN IT
-2.4%
IN Market
MINDTECK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mindteck (India) (MINDTECK) -6.5% -5.1% -7.4% -15.1% - -
IN IT 1.1% -5.4% -2.4% 7.5% 50.1% 55.1%
IN Market -0.5% -2% -4.8% -2.4% 21.3% 31.2%
1 Year Return vs Industry and Market
  • MINDTECK underperformed the IT industry which returned 7.5% over the past year.
  • MINDTECK underperformed the Market in India which returned -2.4% over the past year.
Price Volatility
MINDTECK
Industry
5yr Volatility vs Market

MINDTECK Value

 Is Mindteck (India) 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
Here we compare the current share price of Mindteck (India) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mindteck (India).

NSEI:MINDTECK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.1%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:MINDTECK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
IT Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.987 (1 + (1- 35%) (0%))
0.991
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.991 * 8.6%)
16.08%

Discounted Cash Flow Calculation for NSEI:MINDTECK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mindteck (India) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:MINDTECK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.08%)
2020 28.46 Est @ 8.95% 24.52
2021 30.89 Est @ 8.53% 22.93
2022 33.44 Est @ 8.24% 21.38
2023 36.12 Est @ 8.03% 19.90
2024 38.97 Est @ 7.89% 18.49
2025 42.00 Est @ 7.79% 17.17
2026 45.24 Est @ 7.71% 15.93
2027 48.71 Est @ 7.67% 14.78
2028 52.43 Est @ 7.63% 13.70
2029 56.42 Est @ 7.61% 12.70
Present value of next 10 years cash flows ₹181.51
NSEI:MINDTECK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹56.42 × (1 + 7.55%) ÷ (16.08% – 7.55%)
₹711.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹711.61 ÷ (1 + 16.08%)10
₹160.25
NSEI:MINDTECK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹181.51 + ₹160.25
₹341.76
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹341.76 / 25.21
₹13.56
NSEI:MINDTECK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:MINDTECK represents 0.97237x of BSE:517344
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97237x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 13.56 x 0.97237
₹13.18
Value per share (INR) From above. ₹13.18
Current discount Discount to share price of ₹36.95
= -1 x (₹36.95 - ₹13.18) / ₹13.18
-180.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Mindteck (India) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Mindteck (India)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mindteck (India)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:MINDTECK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹1.09
BSE:517344 Share Price ** BSE (2019-07-19) in INR ₹38
India IT Industry PE Ratio Median Figure of 82 Publicly-Listed IT Companies 13.66x
India Market PE Ratio Median Figure of 2,834 Publicly-Listed Companies 14.62x

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

** Primary Listing of Mindteck (India).

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

= BSE:517344 Share Price ÷ EPS (both in INR)

= 38 ÷ 1.09

34.86x

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

  • Mindteck (India) is overvalued based on earnings compared to the IN IT industry average.
  • Mindteck (India) is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Mindteck (India)'s expected growth come at a high price?
Raw Data
NSEI:MINDTECK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
29%per year
India IT Industry PEG Ratio Median Figure of 18 Publicly-Listed IT Companies 1.55x
India Market PEG Ratio Median Figure of 535 Publicly-Listed Companies 1.29x

*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 Mindteck (India), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mindteck (India)'s assets?
Raw Data
NSEI:MINDTECK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹76.85
BSE:517344 Share Price * BSE (2019-07-19) in INR ₹38
India IT Industry PB Ratio Median Figure of 109 Publicly-Listed IT Companies 1.02x
India Market PB Ratio Median Figure of 3,669 Publicly-Listed Companies 0.94x
NSEI:MINDTECK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:517344 Share Price ÷ Book Value per Share (both in INR)

= 38 ÷ 76.85

0.49x

* Primary Listing of Mindteck (India).

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

  • Mindteck (India) is good value based on assets compared to the IN IT industry average.
X
Value checks
We assess Mindteck (India)'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. Mindteck (India) has a total score of 1/6, 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.

MINDTECK Future Performance

 How is Mindteck (India) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Mindteck (India), 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
29%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mindteck (India) expected to grow at an attractive rate?
  • Mindteck (India)'s earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Mindteck (India)'s earnings growth is expected to exceed the India market average.
  • Unable to compare Mindteck (India)'s revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:MINDTECK Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:MINDTECK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 29%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 9.8%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*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:MINDTECK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months 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:MINDTECK Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 2,994 27
2018-12-31 2,910 -78
2018-09-30 2,927 -63
2018-06-30 2,936 -68
2018-03-31 2,968 39 -57
2017-12-31 3,116 87
2017-09-30 3,262 81
2017-06-30 3,402 111
2017-03-31 3,417 -116 93
2016-12-31 3,343 104
2016-09-30 3,216 200
2016-06-30 3,107 243

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mindteck (India)'s earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Mindteck (India) 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:MINDTECK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mindteck (India) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MINDTECK Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 1.09
2018-12-31 -3.30
2018-09-30 -2.49
2018-06-30 -2.73
2018-03-31 -2.26
2017-12-31 3.47
2017-09-30 3.27
2017-06-30 4.46
2017-03-31 3.74
2016-12-31 4.18
2016-09-30 8.07
2016-06-30 9.82

*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 Mindteck (India) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mindteck (India)'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.
Mindteck (India) has a total score of 3/6, 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.

MINDTECK Past Performance

  How has Mindteck (India) performed over the past 5 years?

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 Mindteck (India)'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.
  • Mindteck (India)'s year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Mindteck (India) has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Mindteck (India) has become profitable in the last year making it difficult to compare the IN IT industry average.
Earnings and Revenue History
Mindteck (India)'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 Mindteck (India) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MINDTECK Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,994.10 27.40
2018-12-31 2,910.12 -78.31 93.74
2018-09-30 2,927.02 -62.61 93.74
2018-06-30 2,936.22 -68.31 93.74
2018-03-31 2,968.42 -56.51 93.74
2017-12-31 3,116.34 86.73 92.04
2017-09-30 3,261.92 81.31 92.04
2017-06-30 3,401.83 110.98
2017-03-31 3,416.56 92.88 100.63
2016-12-31 3,343.15 103.62 85.30
2016-09-30 3,215.78 199.76 85.30
2016-06-30 3,106.73 243.01
2016-03-31 3,116.30 259.27 85.30
2015-12-31 3,097.04 270.90 237.16
2015-09-30 3,135.74 220.08 237.16
2015-06-30 3,169.26 192.26 237.16
2015-03-31 3,191.48 191.96 87.63
2014-12-31 3,250.85 199.96 238.77
2014-09-30 3,309.18 199.35 238.77
2014-06-30 3,349.27 203.28 238.77
2014-03-31 3,288.12 186.14 238.77
2013-12-31 3,163.80 145.72 242.22
2013-09-30 2,971.66 109.51 242.22
2013-06-30 2,768.66 68.51
2013-03-31 2,643.17 10.60 242.22
2012-12-31 2,511.24 -4.00 224.56

*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.
  • Mindteck (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mindteck (India) used its assets less efficiently than the IN IT industry average last year based on Return on Assets.
  • Mindteck (India)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mindteck (India)'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.
Mindteck (India) has a total score of 0/6, 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.

MINDTECK Health

 How is Mindteck (India)'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 Mindteck (India)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mindteck (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mindteck (India)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mindteck (India)'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.
  • Mindteck (India) has no debt, it does not need to be covered by short term assets.
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 Mindteck (India) Company Filings, last reported 3 months ago.

NSEI:MINDTECK Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,954.30 0.00 441.50
2018-12-31 1,963.60 0.30 505.00
2018-09-30 1,963.60 0.30 505.00
2018-06-30 1,917.54 0.14 358.27
2018-03-31 1,917.54 0.14 358.27
2017-12-31 1,950.26 0.10 476.90
2017-09-30 1,950.26 0.10 476.90
2017-06-30 1,997.80 10.07 391.45
2017-03-31 1,965.41 10.07 390.58
2016-12-31 1,965.26 0.00 360.39
2016-09-30 1,965.26 0.00 360.39
2016-06-30 1,892.84 0.00 505.41
2016-03-31 1,892.84 0.00 505.41
2015-12-31 1,784.90 0.03 434.92
2015-09-30 1,784.90 0.03 434.92
2015-06-30 1,635.25 0.00 343.94
2015-03-31 1,635.25 0.00 343.94
2014-12-31 1,528.67 0.17 188.09
2014-09-30 1,528.67 0.17 188.09
2014-06-30 1,470.85 0.00 153.95
2014-03-31 1,470.85 0.00 153.95
2013-12-31 1,364.70 8.07 116.67
2013-09-30 1,364.70 8.07 116.67
2013-06-30 1,287.69 14.91 79.94
2013-03-31 1,287.69 41.61 77.08
2012-12-31
  • Mindteck (India) has no debt.
  • Mindteck (India) had no debt 5 years ago.
  • Mindteck (India) has no debt, it does not need to be covered by operating cash flow.
  • Mindteck (India) has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Mindteck (India)'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. Mindteck (India) has a total score of 6/6, 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.

MINDTECK Dividends

 What is Mindteck (India)'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
2.63%
Current annual income from Mindteck (India) dividends.
If you bought ₹2,000 of Mindteck (India) shares you are expected to receive ₹53 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?
  • Mindteck (India)'s pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Mindteck (India)'s dividend is above the markets top 25% of dividend payers in India (2.23%).
Upcoming dividend payment

Purchase Mindteck (India) before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:MINDTECK 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 39 Stocks 1.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:MINDTECK Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-28 1.000 2.417
2018-05-29 1.000 2.434
2017-08-14 1.000 1.460
2017-06-08 1.000 1.294
2017-05-22 1.000 1.266
2016-08-16 1.000 1.185
2016-05-20 1.000 1.136
2015-05-29 1.000 1.165
2014-08-14 1.000 1.536
2011-08-11 0.000 0.000
2011-05-13 0.000 0.000
2011-02-11 0.000 0.000
2010-11-10 0.000 0.000
2010-08-11 0.000 0.000
2010-05-17 0.000 0.000
2009-03-31 0.000 0.000

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

  • Whilst dividend payments have been stable, Mindteck (India) has been paying a dividend for less than 10 years.
  • Mindteck (India) has only been paying a dividend for 5 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Mindteck (India)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
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 Mindteck (India)'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 Mindteck (India) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mindteck (India) has a total score of 2/6, see the detailed checks below.


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

MINDTECK Management

 What is the CEO of Mindteck (India)'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
Sanjeev Kathpalia
COMPENSATION ₹12,537,504
AGE 66
TENURE AS CEO 2.3 years
CEO Bio

Mr. Sanjeev Kathpalia has been Chief Executive Officer and Managing Director of Mindteck (India) Limited since March 1, 2017 and has been its Additional Director since February 10, 2017.

CEO Compensation
  • Sanjeev's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Sanjeev's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Mindteck (India) management team in years:

1.7
Average Tenure
53
Average Age
  • The average tenure for the Mindteck (India) management team is less than 2 years, this suggests a new team.
Management Team

Sanjeev Kathpalia

TITLE
CEO, MD & Director
COMPENSATION
₹13M
AGE
66
TENURE
2.3 yrs

Prashanth Idgunji

TITLE
Chief Financial Officer
COMPENSATION
₹8M
AGE
53
TENURE
1.7 yrs

Anand Balakrishnan

TITLE
Chief Operating Officer
COMPENSATION
₹6M
TENURE
0.5 yrs

Surjit Lahiri

TITLE
Vice President of Technology
AGE
49
TENURE
0.5 yrs

Shivarama Adiga

TITLE
Chief Compliance Officer
COMPENSATION
₹4M
AGE
61

Arup Banerjee

TITLE
Senior Vice President of Managed Services - ROW Sales
AGE
53

Karen Stark

TITLE
Senior Vice President of Marketing & Communications

Mahendra Gangadharan

TITLE
Chief People Officer
TENURE
1.7 yrs

Santhosh Nagaraj

TITLE
Senior Vice President of US Sales

Shreerama Muniyoor

TITLE
Senior Vice President of Delivery
Board of Directors Tenure

Average tenure and age of the Mindteck (India) board of directors in years:

3.7
Average Tenure
64
Average Age
  • The tenure for the Mindteck (India) board of directors is about average.
Board of Directors

Yusuf Lanewala

TITLE
Non-Executive Chairman
COMPENSATION
₹1M
AGE
65
TENURE
5.8 yrs

Sanjeev Kathpalia

TITLE
CEO, MD & Director
COMPENSATION
₹13M
AGE
66
TENURE
2.5 yrs

Satish Menon

TITLE
Additional Independent Director
AGE
61
TENURE
1.2 yrs

Jagdish Malkani

TITLE
Independent Director
COMPENSATION
₹350K
AGE
63
TENURE
5.9 yrs

Prochie Mukherji

TITLE
Independent Director
COMPENSATION
₹275K
AGE
70
TENURE
4.3 yrs

Guhan Subramaniam

TITLE
Independent Director
COMPENSATION
₹350K
AGE
65
TENURE
3.2 yrs

Meenaz Dhanani

TITLE
Non-Executive Director
AGE
62
TENURE
5.8 yrs

Subhash Dhar

TITLE
Independent Director
AGE
53
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Mindteck (India)'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. Mindteck (India) 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.

MINDTECK News

Simply Wall St News

Are Dividend Investors Getting More Than They Bargained For With Mindteck (India) Limited's (NSE:MINDTECK) Dividend?

Today we'll take a closer look at Mindteck (India) Limited (NSE:MINDTECK) from a dividend investor's perspective. … Investors might not know much about Mindteck (India)'s dividend prospects, even though it has been paying dividends for the last five years and offers a 2.3% yield. … Mindteck (India) has been paying a dividend for the past five years.

Simply Wall St -

If You Had Bought Mindteck (India) (NSE:MINDTECK) Stock A Year Ago, You'd Be Sitting On A 43% Loss, Today

For example, the Mindteck (India) Limited (NSE:MINDTECK) share price is down 43% in the last year. … Because Mindteck (India) hasn't been listed for many years, the market is still learning about how the business performs. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

Simply Wall St -

Need To Know: Mindteck (India) Limited (NSE:MINDTECK) Insiders Have Been Selling Shares

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So we'll take a look at whether insiders have been buying or selling shares in Mindteck (India) Limited (NSE:MINDTECK). … Mindteck (India) Insider Transactions Over The Last Year

Simply Wall St -

How Does Investing In Mindteck (India) Limited (NSE:MINDTECK) Impact The Volatility Of Your Portfolio?

If you're interested in Mindteck (India) Limited (NSE:MINDTECK), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Who Has Been Selling Mindteck (India) Limited (NSE:MINDTECK) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Mindteck (India) Limited (NSE:MINDTECK). … However, rules govern insider transactions, and certain disclosures are required. … The Last 12 Months Of Insider Transactions At Mindteck (India)

Simply Wall St -

What Investors Should Know About Mindteck (India) Limited's (NSE:MINDTECK) Financial Strength

The direct benefit for Mindteck (India) Limited (NSE:MINDTECK), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is MINDTECK will have to adhere to stricter debt covenants and have less financial flexibility. … Is MINDTECK right in choosing financial flexibility over lower cost of capital

Simply Wall St -

MINDTECK Company Info

Description

Mindteck (India) Limited provides product engineering and information technology (IT) services worldwide. It offers smart grid communication services, OEM/system solutions, data center and in-premises energy management services, and IT application solutions; embedded design, embedded verification and validation, and system services; product lifecycle management consulting, advisory, system implementation and administration, and system services; validation/testing, program management, and system integration/data migration services; and SAP solutions. The company 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; and data center transformation and IT infrastructure management services. Additionally, the company provides custom application development, application maintenance and management, legacy modernization, and performance engineering and enhancement services; application and enterprise systems integration, business process management, packaged application, SAP, and service oriented architecture services; and IT talent and smart city solutions. It serves the Fortune 1000 companies, start-ups, universities, and various 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.

Details
Name: Mindteck (India) Limited
MINDTECK
Exchange: NSEI
Founded: 1991
₹957,824,124
25,205,898
Website: http://www.mindteck.com
Address: Mindteck (India) Limited
AMR Tech Park,
Block-1, 3rd Floor,
Bengaluru,
Karnataka, 560068,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 517344 Equity Shares Mumbai Stock Exchange IN INR 11. Dec 2003
NSEI MINDTECK Equity Shares National Stock Exchange of India IN INR 11. Dec 2003
Number of employees
Current staff
Staff numbers
1,026
Mindteck (India) employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 13:09
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/05/28
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.