āagman

Not investment advice. Data and computed figures, for information only.

Mastek Ltd

NSE: MASTEK
₹1,756.20
+₹30.00 (+1.74%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹5,209 Cr
CMP
₹1,756.20
52-wk High / Low
₹2,369 / 1,334
P/E
11.9
P/B
1.7
Book Value
₹965.0
Div Yield
1.43%
ROCE
18.0%
ROE
15.3%
Face Value
₹5
D/E
0.15

Price−18.6% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹1,682
√(22.5 × EPS × book value per share)
ROIC
11.6%
vs 13.5% sector median
Cash flow to profit
1.34
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+36
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
12.7%
ROE × earnings retention ratio
ROE stability
6.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.58DII +0.84
Latest quarter vs the previous one
Cash-accrual divergence
−3.4%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+PE of 11.9x is below the sector median of 24.0x
Watch-outs
−Latest ROCE of 18% trails the sector median of 22%
−Promoter holding fell by 1.0pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales725766784780813867870905915940906938985
Expenses598642651655689724729767777795754787834
Operating Profit127123134125124143141139137146152151151
OPM %17.5%16.1%17.1%16.0%15.3%16.5%16.2%15.4%15.0%15.5%16.8%16.1%15.3%
Other Income213541713−5111514012
Interest913139911121099777
Depreciation20212227202017191818181818
Profit before tax100901029499129126106121134141125138
Net Profit746578947212995819297108106106
EPS (₹)22.9120.5024.5629.8523.1841.6830.6726.2029.7531.4634.9634.2434.15

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0135275608171,0331,0711,7222,1842,5633,0553,4553,6993,769
Expenses9655095157189029161,3571,7212,1082,5462,9093,1133,170
Operating Profit471845100132156364463456509546586600
OPM %4.6%3.4%8.0%12.2%12.8%14.6%21.1%21.2%17.8%16.7%15.8%15.8%15.9%
Other Income14151221251728366412304042
Interest104664882544423230
Depreciation37161519172545436790757373
Profit before tax22163996133144339448427386459521539
Net Profit18143270101114252333310311376404418
EPS (₹)7.865.9713.8629.5342.3344.8282.9798.3295.9997.36121.50130.33134.81

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital111212121212131515151516—
Reserves5853084575377047788461,0561,6682,0722,4472,976—
Borrowings290667070335273203404519583438—
Other Liabilities2071081702021797631,1461,1931,0241,045758863—
Total Liabilities8324287058219661,8882,2772,4673,1113,6523,8034,293—
Fixed Assets279661801791678578078411,7401,9501,8181,938—
CWIP100212247122—
Investments5450274284396276234666994178234—
Other Assets4983122513564017541,2351,5561,2961,6071,8052,119—
Total Assets8324287058219661,8882,2772,4673,1113,6523,8034,293—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5932436575184287273108420396542
Cash from Investing Activity−28−84−127−18−54−262218−26−719−249−2602
Cash from Financing Activity22−465−7−16205−118−128932−57−300
Net Cash Flow53−57−20405127387119−51917380244

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %5.03.010.017.019.016.026.032.023.018.017.018.0
ROE %———————————15.3
EPS (₹)7.865.9713.8629.5342.3344.8282.9798.3295.9997.36121.50130.33
Book Value (₹)———————————965.0
Face Value (₹)———————————5
P/E———————————11.9
Div Yield %———————————1.43
NPM %1.82.65.68.49.510.514.415.011.810.110.810.8
OPM %4.73.58.012.013.015.021.021.018.017.016.016.0
D/E0.050.000.140.130.100.420.320.190.240.250.240.15
P/B———————————1.7

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+22.0%
5 years+17.0%
3 years+13.0%
TTM+6.0%
Compounded profit growth
10 years+42.0%
5 years+15.0%
3 years+15.0%
TTM+12.0%
Stock price CAGR
10 years+29.0%
5 years−12.0%
3 years−11.0%
Last year−22.0%
Return on equity
10 years17.0%
5 years18.0%
3 years16.0%
Last year15.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters49.22%49.22%47.08%45.69%45.10%44.32%37.30%36.75%36.26%35.97%35.77%35.77%
FIIs7.46%7.46%10.96%8.16%6.20%6.51%6.62%13.14%14.40%10.00%8.03%7.45%
DIIs8.27%8.27%5.39%9.37%14.88%11.98%6.65%4.80%7.07%9.84%19.02%19.86%
Government————————————
Public35.04%35.04%36.57%36.78%33.83%37.19%49.43%45.30%42.26%44.19%37.18%36.94%
No. of shareholders20,67720,67719,08220,12921,20543,8271,04,3761,05,04384,9491,03,79888,91890,431
Change since Jun 2023 (pp)
Promoters −13.45FIIs −0.01DIIs +11.59Public +1.90

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseBoard Meeting Intimation for Approval Of Unaudited Financial Results For Quarter & Half Year Ended September 30, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingApr 2026TranscriptApr 2026PPTApr 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026PPTJan 2026RecordingOct 2025TranscriptOct 2025PPT

Corporate actions

As of 31 Aug 2026
31 Aug 2026DIVIDENDDividend - Rs 16 Per Share—
30 Jan 2026DIVIDENDInterim Dividend - Rs 8 Per Share—
12 Sep 2025DIVIDENDDividend - Rs 16 Per Share—
24 Jan 2025DIVIDENDInterim Dividend - Rs 7 Per Share—
17 Sep 2024DIVIDENDDividend - Rs 12 Per Share—
25 Jan 2024DIVIDENDInterim Dividend - Rs 7 Per Share—
18 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 12 Per Share—
1 Feb 2023DIVIDENDInterim Dividend - Rs 7 Per Share—
8 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Rs 12 Per Share—
31 Jan 2022DIVIDENDInterim Dividend - Rs 7 Per Share—
23 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 9 Per Share—
9 Nov 2020DIVIDEND Interim Dividend - Rs 5.50 Per Share—
23 Mar 2020DIVIDEND Interim Dividend - Rs 5 Per Share—
24 Oct 2019DIVIDEND Interim Dividend - Rs 3 Per Sh—
11 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 5 Per Share—
6 Nov 2018DIVIDEND Interim Dividend - Rs 3.50 Per Share—
11 Jul 2018DIVIDEND Annual General Meeting/Dividend Rs- 4 Per Share—
7 Nov 2017DIVIDEND Interim Dividend - Rs 2/- Per Share—
14 Jun 2017DIVIDEND Annual General Meeting/Dividend - Rs 2.50 Per Share—
1 Nov 2016DIVIDEND Interim Dividend -Re 1/- Per Share—
22 Mar 2016DIVIDEND Interim Dividend - Re 1/- Per Share—
28 Jan 2016DIVIDEND Interim Dividend-Rs 1.50/- Per Share—
6 Aug 2015DIVIDENDAnnual General Meeting/Dividend - Re 1/- Per Share (Book Closure Dates Revised)—
12 Jun 2015DEMERGERScheme Of Arrangement—
3 Feb 2015DIVIDENDInterim Dividend - Rs 1.50/- Per Share—
4 Jul 2014DIVIDENDAnnual General Meeting / Final Dividend - Rs 2.75/- Per Share—
5 Nov 2013DIVIDENDInterim Dividend Rs.1.75 Per Share (Purpose Revised)—
4 Jul 2013DIVIDENDAnnual General Meeting / Dividend Rs.3/- Per Equity Share—
21 Sep 2010DIVIDENDAnnual General Meeting And Final Dividend Rs.1.25 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman