Nifty
:
23659.00
Sensex
:
75318.39
41.00 (0.17%)
117.54 (0.16%)
Nifty
Sensex
:
:
23659.00
75318.39
41.00 (0.17%)
117.54 (0.16%)

Mastek Ltd.

IT - Software Services

Rating :
43/99

BSE: 523704 | NSE: MASTEK

NSE BSE
1619.30
20-May-2026
  • Open
  • High
  • Low
  • Previous Close
  •  1656
  •  1671.1
  •  1612.3
  •  1660.90
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  33423
  •  54786406.4
  •  2818
  •  1334.2

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 5,015.15
  • 12.71
  • 5
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 4,731.40
  • 1.48%
  • 1.72

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 35.76%
  • 1.27%
  • 18.73%
  • FII
  • DII
  • Others
  • 8.03%
  • 15.49%
  • 20.72%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 20.69
  • 14.95
  • 10.46

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 42.28
  • 8.44
  • 3.50

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 39.22
  • 12.42
  • 8.66

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 18.29
  • 22.52
  • 21.88

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 3.59
  • 4.63
  • 3.43

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 11.26
  • 13.62
  • 13.82

Earnings Forecasts:

(Updated: 16-05-2026)
Description
2024
2025
2026
2027
Adj EPS
128.15
141.38
158.55
197.2
P/E Ratio
12.64
11.45
10.21
8.21
Revenue
3791.2
4067.77
4458.8
5162.5
EBITDA
579.75
653.65
723.57
857
Net Income
398.95
441.93
495.6
615.4
ROA
12.72
13.65
14.46
P/B Ratio
1.81
1.57
1.40
ROE
15.1
14.25
14.3
15
FCFF
371.64
392.65
464.25
542.3
FCFF Yield
8.45
8.93
10.55
12.33
Net Debt
-365.85
-735.2
-1101.8
-1729.1
BVPS
896.6
1030.79
1156.04

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Net Sales
938.00
905.42
3.60%
905.68
869.53
4.16%
940.37
867.39
8.41%
914.70
812.89
12.52%
Expenses
787.25
766.67
2.68%
760.09
728.88
4.28%
794.86
724.28
9.74%
777.38
688.95
12.84%
EBITDA
150.75
138.75
8.65%
145.59
140.65
3.51%
145.51
143.11
1.68%
137.32
123.94
10.80%
EBIDTM
16.07%
15.32%
16.08%
16.18%
15.47%
16.50%
15.01%
15.25%
Other Income
23.87
3.58
566.76%
20.89
9.47
120.59%
15.09
5.04
199.40%
10.56
4.19
152.03%
Interest
7.19
9.62
-25.26%
7.44
11.86
-37.27%
8.63
11.14
-22.53%
8.76
9.44
-7.20%
Depreciation
18.47
18.66
-1.02%
17.85
16.55
7.85%
17.87
19.85
-9.97%
18.42
20.06
-8.18%
PBT
125.23
105.92
18.23%
141.19
125.69
12.33%
134.10
128.92
4.02%
120.70
98.63
22.38%
Tax
19.08
24.85
-23.22%
32.84
30.98
6.00%
36.65
0.27
13,474.07%
28.65
27.13
5.60%
PAT
106.15
81.07
30.94%
108.35
94.71
14.40%
97.45
128.65
-24.25%
92.05
71.50
28.74%
PATM
11.32%
8.95%
11.96%
10.89%
10.36%
14.83%
10.06%
8.80%
EPS
34.24
26.20
30.69%
34.97
30.67
14.02%
31.46
41.69
-24.54%
29.75
23.17
28.40%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
3,698.75
3,455.23
3,054.79
2,563.39
2,183.84
1,721.86
1,071.48
1,033.21
817.21
560.16
526.93
Net Sales Growth
7.05%
13.11%
19.17%
17.38%
26.83%
60.70%
3.70%
26.43%
45.89%
6.31%
 
Cost Of Goods Sold
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Gross Profit
3,698.75
3,455.23
3,054.79
2,563.39
2,183.84
1,721.86
1,071.48
1,033.21
817.21
560.16
526.93
GP Margin
100.00%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Total Expenditure
3,119.58
2,913.84
2,546.12
2,107.54
1,721.33
1,360.83
916.12
901.67
717.55
511.60
511.01
Power & Fuel Cost
-
2.62
2.84
2.61
1.98
1.99
2.50
2.80
3.34
3.85
4.08
% Of Sales
-
0.08%
0.09%
0.10%
0.09%
0.12%
0.23%
0.27%
0.41%
0.69%
0.77%
Employee Cost
-
1,859.03
1,670.91
1,376.75
1,095.45
882.72
584.14
587.17
480.94
323.24
281.13
% Of Sales
-
53.80%
54.70%
53.71%
50.16%
51.27%
54.52%
56.83%
58.85%
57.70%
53.35%
Manufacturing Exp.
-
812.66
632.06
570.11
477.50
350.98
230.80
223.48
153.79
119.84
137.58
% Of Sales
-
23.52%
20.69%
22.24%
21.87%
20.38%
21.54%
21.63%
18.82%
21.39%
26.11%
General & Admin Exp.
-
158.98
156.44
103.15
89.06
78.18
79.62
72.06
64.91
50.13
64.51
% Of Sales
-
4.60%
5.12%
4.02%
4.08%
4.54%
7.43%
6.97%
7.94%
8.95%
12.24%
Selling & Distn. Exp.
-
9.04
9.53
9.54
5.79
3.17
3.63
6.62
4.68
3.11
1.59
% Of Sales
-
0.26%
0.31%
0.37%
0.27%
0.18%
0.34%
0.64%
0.57%
0.56%
0.30%
Miscellaneous Exp.
-
57.40
56.46
39.52
41.24
25.85
12.35
9.37
9.89
11.43
1.59
% Of Sales
-
1.66%
1.85%
1.54%
1.89%
1.50%
1.15%
0.91%
1.21%
2.04%
4.20%
EBITDA
579.17
541.39
508.67
455.85
462.51
361.03
155.36
131.54
99.66
48.56
15.92
EBITDA Margin
15.66%
15.67%
16.65%
17.78%
21.18%
20.97%
14.50%
12.73%
12.20%
8.67%
3.02%
Other Income
70.41
27.34
16.01
38.29
36.08
31.35
41.30
24.78
20.99
12.60
22.28
Interest
32.02
42.06
44.47
24.72
7.68
8.10
3.62
6.13
5.86
3.77
0.50
Depreciation
72.61
75.12
89.91
67.37
42.87
44.95
24.89
17.35
18.76
14.93
18.67
PBT
521.22
451.55
390.30
402.05
448.04
339.33
168.15
132.84
96.03
42.46
19.03
Tax
117.22
83.23
75.22
117.10
114.62
87.58
30.27
31.92
26.07
6.65
2.74
Tax Rate
22.49%
18.13%
19.48%
27.40%
25.58%
25.81%
21.01%
23.93%
27.15%
17.03%
16.62%
PAT
404.00
375.93
300.29
293.01
295.13
209.35
108.86
101.47
69.96
32.41
13.74
PAT before Minority Interest
404.00
375.93
310.97
310.27
333.42
251.75
113.81
101.47
69.96
32.41
13.74
Minority Interest
0.00
0.00
-10.68
-17.26
-38.29
-42.40
-4.95
0.00
0.00
0.00
0.00
PAT Margin
10.92%
10.88%
9.83%
11.43%
13.51%
12.16%
10.16%
9.82%
8.56%
5.79%
2.61%
PAT Growth
7.47%
25.19%
2.48%
-0.72%
40.97%
92.31%
7.28%
45.04%
115.86%
135.88%
 
EPS
130.32
121.27
96.87
94.52
95.20
67.53
35.12
32.73
22.57
10.45
4.43

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
2,462.34
2,087.41
1,683.41
1,071.36
858.54
790.46
716.40
549.28
469.06
319.33
Share Capital
15.47
15.42
15.26
15.01
12.62
12.14
11.99
11.85
11.69
11.50
Total Reserves
2,422.12
2,049.89
1,652.91
1,030.32
819.48
757.45
686.23
527.14
449.35
307.08
Non-Current Liabilities
306.46
399.68
526.03
343.95
470.20
459.16
64.96
48.39
103.34
-8.37
Secured Loans
379.23
313.30
269.04
120.80
190.24
240.85
69.21
49.61
65.23
0.18
Unsecured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Long Term Provisions
51.76
40.08
33.57
27.20
23.67
15.88
11.66
6.64
9.67
4.93
Current Liabilities
938.45
1,090.44
735.51
852.02
731.78
477.97
168.83
189.27
122.57
102.53
Trade Payables
255.99
220.41
182.94
187.18
30.69
105.39
9.48
18.89
19.89
9.50
Other Current Liabilities
602.59
807.99
457.41
574.79
635.08
339.60
141.15
152.88
95.24
87.53
Short Term Borrowings
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3.91
0.02
0.00
Short Term Provisions
79.87
62.04
95.16
90.05
66.01
32.98
18.20
13.59
7.42
5.51
Total Liabilities
3,707.25
3,577.53
3,036.05
2,417.67
2,242.55
1,864.64
950.19
786.94
694.97
413.49
Net Block
1,817.91
1,949.93
1,740.25
836.89
802.30
851.89
167.39
178.86
179.78
65.74
Gross Block
2,257.99
2,313.37
2,055.92
1,085.53
1,012.11
1,060.49
344.18
347.07
357.65
227.87
Accumulated Depreciation
426.64
363.44
315.67
248.64
209.81
208.60
176.79
168.21
177.87
162.12
Non Current Assets
1,881.40
2,033.56
1,795.85
902.54
877.18
1,000.12
465.79
358.57
375.00
136.86
Capital Work in Progress
1.98
0.94
6.66
4.35
1.54
1.67
1.41
2.08
0.22
0.14
Non Current Investment
17.37
16.55
12.94
10.77
41.19
121.82
282.20
166.37
168.82
18.77
Long Term Loans & Adv.
38.76
48.29
26.09
35.43
27.30
19.74
13.30
11.26
23.34
49.62
Other Non Current Assets
5.38
17.85
9.91
10.96
0.35
0.15
1.49
0.00
2.84
2.59
Current Assets
1,825.85
1,543.97
1,240.20
1,515.13
1,365.37
864.52
484.40
428.37
319.97
276.63
Current Investments
160.66
77.26
55.77
14.88
192.91
153.76
113.96
117.70
105.02
31.14
Inventories
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Sundry Debtors
737.61
561.31
506.63
435.57
374.88
315.72
208.49
174.02
85.09
97.13
Cash & Bank
461.47
382.61
208.48
766.93
608.12
220.97
93.39
88.02
47.97
88.71
Other Current Assets
466.11
98.48
58.96
57.69
189.46
174.07
68.56
48.63
81.89
59.65
Short Term Loans & Adv.
336.79
424.31
410.36
240.06
153.34
148.09
45.79
32.03
53.40
45.10
Net Current Assets
887.40
453.53
504.69
663.11
633.59
386.55
315.57
239.10
197.40
174.10
Total Assets
3,707.25
3,577.53
3,036.05
2,417.67
2,242.55
1,864.64
950.19
786.94
694.97
413.49

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
395.14
420.37
107.67
273.49
287.14
184.47
75.07
64.88
42.85
31.50
PBT
459.16
386.19
402.05
448.04
251.75
113.81
101.47
69.96
32.41
19.03
Adjustment
121.41
159.50
103.99
41.13
135.89
81.27
54.86
48.96
20.92
12.90
Changes in Working Capital
-63.38
-18.38
-262.29
-106.64
-52.56
36.48
-50.68
-44.79
-6.78
7.23
Cash after chg. in Working capital
517.19
527.31
243.75
382.53
335.08
231.56
105.65
74.13
46.55
39.17
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-122.05
-106.94
-136.08
-109.04
-47.94
-47.09
-30.58
-9.25
-3.70
-4.62
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-3.05
Cash From Investing Activity
-275.35
-256.49
-737.64
-20.15
198.03
-268.65
-53.30
-24.47
-119.01
15.60
Net Fixed Assets
8.02
-11.78
-11.00
-13.25
27.96
13.06
-3.58
15.22
-10.18
75.80
Net Investments
-17.65
-106.81
-183.05
-7.56
-309.38
-18.47
-24.17
-12.67
-85.76
170.18
Others
-265.72
-137.90
-543.59
0.66
479.45
-263.24
-25.55
-27.02
-23.07
-230.38
Cash from Financing Activity
-56.85
1.83
92.57
-128.50
-117.64
204.96
-16.15
-6.83
64.59
-4.42
Net Cash Inflow / Outflow
62.94
165.71
-537.40
124.84
367.53
120.78
5.62
33.58
-11.57
42.68
Opening Cash & Equivalents
381.12
207.64
726.58
607.61
220.33
92.95
87.73
47.72
67.23
124.12
Closing Cash & Equivalent
460.76
381.12
207.64
726.58
607.61
220.33
92.95
87.73
47.72
67.37

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
787.84
669.69
546.58
348.21
329.68
316.96
291.17
227.42
197.19
138.53
ROA
10.32%
9.40%
11.38%
14.31%
12.26%
8.09%
11.68%
9.44%
5.85%
2.25%
ROE
16.70%
16.66%
22.87%
35.52%
31.44%
15.51%
16.40%
13.99%
8.31%
3.01%
ROCE
17.93%
18.61%
27.26%
38.29%
30.98%
15.46%
19.86%
17.66%
10.03%
3.60%
Fixed Asset Turnover
1.51
1.40
1.63
2.08
1.66
1.53
2.99
2.32
1.91
1.38
Receivable days
68.61
63.80
67.08
67.73
73.20
89.29
67.56
57.86
59.37
79.87
Inventory Days
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Payable days
0.00
0.00
0.00
0.00
0.00
24.72
6.16
10.66
11.51
9.05
Cash Conversion Cycle
68.61
63.80
67.08
67.73
73.20
64.56
61.40
47.20
47.86
70.82
Total Debt/Equity
0.23
0.24
0.22
0.18
0.31
0.43
0.10
0.13
0.14
0.00
Interest Cover
11.92
9.68
18.29
59.34
42.89
40.80
22.76
17.39
11.36
33.77

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • Mastek - Quarterly Results
    18th Apr 2026, 00:00 AM

    Read More
  • Mastek secures contract with FCA to strengthen digital delivery capability
    17th Mar 2026, 11:30 AM

    The partnership reinforces Mastek’s growing influence as a specialist provider for high-integrity regulatory bodies

    Read More
  • Mastek’s arm wins $110 million engineering contract from UK's Home Office
    5th Mar 2026, 11:52 AM

    Delivering to Migration and Borders Policy, the engagement deploys specialist engineering practices and teams to support, maintain, and enhance the Home Office's flagship ATLAS platform

    Read More
  • Mastek’s arm secures 5-year service contact with UK's Home Offices
    27th Feb 2026, 14:52 PM

    The company will help Home Office in supporting, maintaining, and enhancing their flagship Biometrics Services Gateway and National DNA Database systems

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.