Nifty
:
22698.85
Sensex
:
73246.03
-50.90 (-0.22%)
-352.64 (-0.48%)
Nifty
Sensex
:
:
22698.85
73246.03
-50.90 (-0.22%)
-352.64 (-0.48%)

Mastek Ltd.

IT - Software Services

Rating :
47/99

BSE: 523704 | NSE: MASTEK

NSE BSE
1459.50
28-Oct-2026
  • Open
  • High
  • Low
  • Previous Close
  •  1531.8
  •  1533.6
  •  1450
  •  1539.90
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  306942
  •  451853107.8
  •  2369
  •  1334.2

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 4,521.84
  • 10.61
  • 5
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 4,349.00
  • 1.65%
  • 1.42

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 35.75%
  • 0.85%
  • 18.60%
  • FII
  • DII
  • Others
  • 5.93%
  • 19.51%
  • 19.36%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 20.77
  • 11.11
  • 6.58

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 27.96
  • 4.32
  • 2.35

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 28.70
  • 6.48
  • 10.39

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 18.18
  • 20.33
  • 19.63

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 3.56
  • 4.12
  • 3.12

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 11.14
  • 12.87
  • 13.01

Earnings Forecasts:

(Updated: 24-10-2026)
Description
2026
2027
2028
2029
Adj EPS
130.45
137.96
154.56
173.8
P/E Ratio
11.19
10.58
9.44
8.40
Revenue
3694.38
4092.6
4454.18
4863.15
EBITDA
585.56
620.13
691.6
768.8
Net Income
404
432.12
484.05
544.35
ROA
9.94
12.47
13.19
13.66
P/B Ratio
1.51
1.37
1.25
1.14
ROE
14.81
13.7
13.84
13.86
FCFF
506.97
363.75
423.35
500.45
FCFF Yield
9.77
7.01
8.16
9.65
Net Debt
-500.84
-820.75
-1158.35
-1548.4
BVPS
965.2
1062.16
1165.14
1283.45

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Sep 26
Sep 25
Var%
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Net Sales
1,018.68
940.37
8.33%
985.25
914.70
7.71%
938.00
905.42
3.60%
905.68
869.53
4.16%
Expenses
872.50
794.05
9.88%
833.89
777.38
7.27%
787.25
766.67
2.68%
760.09
728.88
4.28%
EBITDA
146.18
146.32
-0.10%
151.36
137.32
10.22%
150.75
138.75
8.65%
145.59
140.65
3.51%
EBIDTM
14.35%
15.56%
15.36%
15.01%
16.07%
15.32%
16.08%
16.18%
Other Income
11.72
15.09
-22.33%
12.03
10.56
13.92%
23.87
3.58
566.76%
20.89
9.47
120.59%
Interest
7.73
9.44
-18.11%
6.59
8.76
-24.77%
7.19
9.62
-25.26%
7.44
11.86
-37.27%
Depreciation
19.43
17.87
8.73%
18.34
18.42
-0.43%
18.47
18.66
-1.02%
17.85
16.55
7.85%
PBT
141.46
134.10
5.49%
138.46
120.70
14.71%
125.23
105.92
18.23%
141.19
125.69
12.33%
Tax
35.79
36.65
-2.35%
32.58
28.65
13.72%
19.08
24.85
-23.22%
32.84
30.98
6.00%
PAT
105.67
97.45
8.44%
105.88
92.05
15.02%
106.15
81.07
30.94%
108.35
94.71
14.40%
PATM
10.37%
10.36%
10.75%
10.06%
11.32%
8.95%
11.96%
10.89%
EPS
34.09
31.46
8.36%
34.15
29.75
14.79%
34.24
26.20
30.69%
34.97
30.67
14.02%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
3,847.61
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
Net Sales Growth
5.99%
7.05%
13.11%
19.17%
17.38%
26.83%
60.70%
3.70%
26.43%
45.89%
 
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
3,847.61
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
GP Margin
100.00%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Total Expenditure
3,253.73
3,127.39
2,913.84
2,546.12
2,107.54
1,721.33
1,360.83
916.12
901.67
717.55
511.60
Power & Fuel Cost
-
2.30
2.62
2.84
2.61
1.98
1.99
2.50
2.80
3.34
3.85
% Of Sales
-
0.06%
0.08%
0.09%
0.10%
0.09%
0.12%
0.23%
0.27%
0.41%
0.69%
Employee Cost
-
1,972.60
1,859.03
1,670.91
1,376.75
1,095.45
882.72
584.14
587.17
480.94
323.24
% Of Sales
-
53.33%
53.80%
54.70%
53.71%
50.16%
51.27%
54.52%
56.83%
58.85%
57.70%
Manufacturing Exp.
-
901.75
812.66
632.06
570.11
477.50
350.98
230.80
223.48
153.79
119.84
% Of Sales
-
24.38%
23.52%
20.69%
22.24%
21.87%
20.38%
21.54%
21.63%
18.82%
21.39%
General & Admin Exp.
-
147.06
158.98
156.44
103.15
89.06
78.18
79.62
72.06
64.91
50.13
% Of Sales
-
3.98%
4.60%
5.12%
4.02%
4.08%
4.54%
7.43%
6.97%
7.94%
8.95%
Selling & Distn. Exp.
-
10.46
9.04
9.53
9.54
5.79
3.17
3.63
6.62
4.68
3.11
% Of Sales
-
0.28%
0.26%
0.31%
0.37%
0.27%
0.18%
0.34%
0.64%
0.57%
0.56%
Miscellaneous Exp.
-
75.34
57.40
56.46
39.52
41.24
25.85
12.35
9.37
9.89
3.11
% Of Sales
-
2.04%
1.66%
1.85%
1.54%
1.89%
1.50%
1.15%
0.91%
1.21%
2.04%
EBITDA
593.88
571.36
541.39
508.67
455.85
462.51
361.03
155.36
131.54
99.66
48.56
EBITDA Margin
15.44%
15.45%
15.67%
16.65%
17.78%
21.18%
20.97%
14.50%
12.73%
12.20%
8.67%
Other Income
68.51
84.61
27.34
16.01
38.29
36.08
31.35
41.30
24.78
20.99
12.60
Interest
28.95
32.02
42.06
44.47
24.72
7.68
8.10
3.62
6.13
5.86
3.77
Depreciation
74.09
72.61
75.12
89.91
67.37
42.87
44.95
24.89
17.35
18.76
14.93
PBT
546.34
551.34
451.55
390.30
402.05
448.04
339.33
168.15
132.84
96.03
42.46
Tax
120.29
117.22
83.23
75.22
117.10
114.62
87.58
30.27
31.92
26.07
6.65
Tax Rate
22.02%
22.49%
18.13%
19.48%
27.40%
25.58%
25.81%
21.01%
23.93%
27.15%
17.03%
PAT
426.05
404.00
375.93
300.29
293.01
295.13
209.35
108.86
101.47
69.96
32.41
PAT before Minority Interest
426.05
404.00
375.93
310.97
310.27
333.42
251.75
113.81
101.47
69.96
32.41
Minority Interest
0.00
0.00
0.00
-10.68
-17.26
-38.29
-42.40
-4.95
0.00
0.00
0.00
PAT Margin
11.07%
10.92%
10.88%
9.83%
11.43%
13.51%
12.16%
10.16%
9.82%
8.56%
5.79%
PAT Growth
16.64%
7.47%
25.19%
2.48%
-0.72%
40.97%
92.31%
7.28%
45.04%
115.86%
 
EPS
137.44
130.32
121.27
96.87
94.52
95.20
67.53
35.12
32.73
22.57
10.45

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
2,991.85
2,462.34
2,087.41
1,683.41
1,071.36
858.54
790.46
716.40
549.28
469.06
Share Capital
15.50
15.47
15.42
15.26
15.01
12.62
12.14
11.99
11.85
11.69
Total Reserves
2,967.51
2,418.52
2,049.89
1,652.91
1,030.32
819.48
757.45
686.23
527.14
449.35
Non-Current Liabilities
111.57
306.46
399.68
526.03
343.95
470.20
459.16
64.96
48.39
103.34
Secured Loans
225.48
379.23
313.30
269.04
120.80
190.24
240.85
69.21
49.61
65.23
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
63.75
51.76
40.08
33.57
27.20
23.67
15.88
11.66
6.64
9.67
Current Liabilities
980.31
893.02
1,090.44
735.51
852.02
731.78
477.97
168.83
189.27
122.57
Trade Payables
206.46
210.56
220.41
182.94
187.18
30.69
105.39
9.48
18.89
19.89
Other Current Liabilities
687.78
602.59
807.99
457.41
574.79
635.08
339.60
141.15
152.88
95.24
Short Term Borrowings
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3.91
0.02
Short Term Provisions
86.07
79.87
62.04
95.16
90.05
66.01
32.98
18.20
13.59
7.42
Total Liabilities
4,083.73
3,661.82
3,577.53
3,036.05
2,417.67
2,242.55
1,864.64
950.19
786.94
694.97
Net Block
1,938.47
1,817.91
1,949.93
1,740.25
836.89
802.30
851.89
167.39
178.86
179.78
Gross Block
2,434.13
2,257.99
2,313.37
2,055.92
1,085.53
1,012.11
1,060.49
344.18
347.07
357.65
Accumulated Depreciation
495.66
440.08
363.44
315.67
248.64
209.81
208.60
176.79
168.21
177.87
Non Current Assets
1,969.39
1,881.40
2,033.56
1,795.85
902.54
877.18
1,000.12
465.79
358.57
375.00
Capital Work in Progress
1.68
1.98
0.94
6.66
4.35
1.54
1.67
1.41
2.08
0.22
Non Current Investment
0.00
17.37
16.55
12.94
10.77
41.19
121.82
282.20
166.37
168.82
Long Term Loans & Adv.
28.00
38.76
48.29
26.09
35.43
27.30
19.74
13.30
11.26
23.34
Other Non Current Assets
1.24
5.38
17.85
9.91
10.96
0.35
0.15
1.49
0.00
2.84
Current Assets
2,114.34
1,780.42
1,543.97
1,240.20
1,515.13
1,365.37
864.52
484.40
428.37
319.97
Current Investments
233.96
160.66
77.26
55.77
14.88
192.91
153.76
113.96
117.70
105.02
Inventories
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Sundry Debtors
579.84
524.55
561.31
506.63
435.57
374.88
315.72
208.49
174.02
85.09
Cash & Bank
705.14
461.47
382.61
208.48
766.93
608.12
220.97
93.39
88.02
47.97
Other Current Assets
595.40
129.32
98.48
58.96
297.75
189.46
174.07
68.56
48.63
81.89
Short Term Loans & Adv.
491.06
504.42
424.31
410.36
240.06
153.34
148.09
45.79
32.03
53.40
Net Current Assets
1,134.03
887.40
453.53
504.69
663.11
633.59
386.55
315.57
239.10
197.40
Total Assets
4,083.73
3,661.82
3,577.53
3,036.05
2,417.67
2,242.55
1,864.64
950.19
786.94
694.97

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
541.69
396.39
420.37
107.67
273.49
287.14
184.47
75.07
64.88
42.85
PBT
521.22
459.16
386.19
402.05
448.04
251.75
113.81
101.47
69.96
32.41
Adjustment
79.36
129.02
159.50
103.99
41.13
135.89
81.27
54.86
48.96
20.92
Changes in Working Capital
108.12
-70.99
-18.38
-262.29
-106.64
-52.56
36.48
-50.68
-44.79
-6.78
Cash after chg. in Working capital
708.70
517.19
527.31
243.75
382.53
335.08
231.56
105.65
74.13
46.55
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-167.01
-120.80
-106.94
-136.08
-109.04
-47.94
-47.09
-30.58
-9.25
-3.70
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
0.00
Cash From Investing Activity
-66.16
-276.60
-256.49
-737.64
-20.15
198.03
-268.65
-53.30
-24.47
-119.01
Net Fixed Assets
8.25
-70.90
-11.78
-11.00
-13.25
27.96
13.06
-3.58
15.22
-10.18
Net Investments
-69.66
278.83
-106.81
-183.05
-7.56
-309.38
-18.47
-24.17
-12.67
-85.76
Others
-4.75
-484.53
-137.90
-543.59
0.66
479.45
-263.24
-25.55
-27.02
-23.07
Cash from Financing Activity
-299.99
-56.85
1.83
92.57
-128.50
-117.64
204.96
-16.15
-6.83
64.59
Net Cash Inflow / Outflow
175.54
62.94
165.71
-537.40
124.84
367.53
120.78
5.62
33.58
-11.57
Opening Cash & Equivalents
460.76
381.12
207.64
726.58
607.61
220.33
92.95
87.73
47.72
67.23
Closing Cash & Equivalent
704.33
460.76
381.12
207.64
726.58
607.61
220.33
92.95
87.73
47.72

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
962.26
786.68
669.69
546.58
348.21
329.68
316.96
291.17
227.42
197.19
ROA
10.43%
10.39%
9.40%
11.38%
14.31%
12.26%
8.09%
11.68%
9.44%
5.85%
ROE
14.92%
16.71%
16.66%
22.87%
35.52%
31.44%
15.51%
16.40%
13.99%
8.31%
ROCE
17.21%
17.93%
18.61%
27.26%
38.29%
30.98%
15.46%
19.86%
17.66%
10.03%
Fixed Asset Turnover
1.58
1.51
1.40
1.63
2.08
1.66
1.53
2.99
2.32
1.91
Receivable days
54.49
57.35
63.80
67.08
67.73
73.20
89.29
67.56
57.86
59.37
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
0.00
24.72
6.16
10.66
11.51
Cash Conversion Cycle
54.49
57.35
63.80
67.08
67.73
73.20
64.56
61.40
47.20
47.86
Total Debt/Equity
0.14
0.23
0.24
0.22
0.18
0.31
0.43
0.10
0.13
0.14
Interest Cover
17.28
11.92
9.68
18.29
59.34
42.89
40.80
22.76
17.39
11.36

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • Mastek - Quarterly Results
    24th Oct 2026, 00:00 AM

    Read More
  • Mastek’s arm selected by Staffordshire County Council to drive AI enabled Oracle Cloud Transformation
    8th Oct 2026, 12:00 PM

    Mastek will use its ADOPT AI platform to deliver Oracle Cloud as the Council’s single, integrated platform for Finance, Procurement, HR and Payroll

    Read More
  • Mastek completes sale of commercial building at Mahindra World City, Chennai
    18th Aug 2026, 10:59 AM

    The company has received the aggregate consideration of Rs 60 crore

    Read More
  • Mastek’s arm partners with Innovaccer
    3rd Aug 2026, 17:39 PM

    The partnership marks a significant step in Mastek's vision of becoming a leading AI transformation partner for the healthcare industry

    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.