Mastek Limited

NSE: MASTEK · Computers - Software & Consulting

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52W Range₹1,334 – ₹2,369

Snapshot

Unlock Mastek Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Mastek Limited is an enterprise technology solutions provider offering services such as application development, cloud migration, digital commerce, and legacy modernisation. The company serves a diverse client base across the government, healthcare, retail, and financial services sectors.

Business Model

The company generates revenue through professional services, including consulting, software development, and ongoing application support and maintenance. It operates on a global delivery model, providing digital transformation services to clients across multiple international markets.

Growth Outlook

Growth is driven by increasing demand for cloud migration, data warehousing, and enterprise digital transformation services. The company continues to leverage its expertise in agile consulting and legacy modernisation to capture market share in the public and private sectors.

Key Risks

  • Client Concentration. Significant reliance on a limited number of large contracts, particularly within the government sector, poses a risk to revenue stability.
  • Currency Volatility. As a global service provider with significant operations in the UK and US, the company is exposed to fluctuations in foreign exchange rates.
  • Talent Retention. The highly competitive nature of the IT services industry makes attracting and retaining skilled technical talent a critical operational challenge.
  • Geopolitical and Regulatory Risks. Operating across multiple international jurisdictions exposes the company to varying regulatory environments and potential shifts in government spending policies.

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Key Metrics

REVENUE

₹3,848 Cr

TTM · consolidated

+6.0%YoY

NET PROFIT

₹426 Cr

TTM · consolidated

+16.6%YoY

EPS

₹137.46

TTM · consolidated

+16.3%YoY

RETURN ON EQUITY

14.5%

TTM · consolidated

+0.9 ppYoY

RETURN ON CAPITAL EMPLOYED

17.7%

TTM · consolidated

+0.4 ppYoY

P/E

10.7×

Q2 FY27 · consolidated

10.7 vs 25.4x5Y avg

EV/EBITDA

6.6x

Q2 FY27 · consolidated

6.6 vs 20.1x5Y avg

EBITDA MARGIN

17.2%

TTM · consolidated

+0.6 ppYoY

NET PROFIT MARGIN

10.4%

Q2 FY27 · consolidated

+0.0 ppYoY

DEBT TO EQUITY

0.1x

Q2 FY27 · consolidated

-0.08xYoY

Peers · Computers - Software & Consulting

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Mastek LimitedMASTEK
₹4,549 Cr10.7×6.616.0%17.2%14.5%17.7%-31.4%
Sonata Software Ltd.SONATSOFTW
₹6,339 Cr13.5×7.784.0%7.6%25.7%29.3%-38.9%
Happiest Minds Technologies Ltd.HAPPSTMNDS
₹4,658 Cr20.6×11.7711.5%21.1%13.7%18.2%-40.7%
63 Moons Technologies Limited63MOONS
₹4,430 Cr-68.0×-30.13237.5%-45.5%-2.4%-2.3%+20.8%
Latent View Analytics Ltd.LATENTVIEW
₹4,194 Cr21.0×12.4320.3%27.8%11.5%15.1%-54.8%
Aurionpro Solutions LimitedAURIONPRO
₹3,036 Cr14.9×10.1412.2%20.6%11.7%14.2%-54.5%

As of Q2 FY27

Financials