MASTEK

Mastek Limited

Enterprise IT services firm with Oracle, Salesforce and Microsoft expertise

Information Technology›Information Technology›IT - Software›Computers - Software & Consulting

mastek.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1830.80
Market cap
5,675 Cr
Stock P/E
13.6
P/B
1.90
Dividend yield
1.3%
ROE (FY26)
13.5%
ROCE (FY26)
16.2%
Operating margin (FY26)
13.9%
Debt / equity (FY26)
0.14
OCF / EBITDA (FY26)
92.5%
OCF / EBITDA (3Y)
82.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Mastek is an IT services company that delivers digital transformation, data and AI projects for clients in the UK, North America and the AMEA region, with the UK public sector, including the NHS, as its core pillar.

Company snapshot

20thBy market cap

Ranked among 50 companies in Computers - Software & Consulting.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

SegmentRevenue shareRevenuePBTAssets
Standalone—0 Cr0 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.14x — the company is largely funded by its own money, not borrowed funds.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales766 Cr784 Cr780 Cr813 Cr867 Cr870 Cr905 Cr915 Cr940 Cr906 Cr938 Cr985 Cr
Operating expenses (approx.)643 Cr651 Cr655 Cr689 Cr724 Cr729 Cr767 Cr777 Cr795 Cr760 Cr787 Cr834 Cr
EBITDA123 Cr134 Cr125 Cr124 Cr143 Cr141 Cr139 Cr137 Cr146 Cr146 Cr151 Cr151 Cr
OPM %16.1%17.0%16.0%15.2%16.5%16.2%15.3%15.0%15.5%16.1%16.1%15.4%
Other income5 Cr3 Cr5 Cr4 Cr5 Cr9 Cr4 Cr11 Cr15 Cr21 Cr24 Cr12 Cr
Interest13 Cr13 Cr9 Cr9 Cr11 Cr12 Cr10 Cr9 Cr9 Cr7 Cr7 Cr7 Cr
Depreciation21 Cr22 Cr27 Cr20 Cr20 Cr17 Cr19 Cr18 Cr18 Cr18 Cr18 Cr18 Cr
Profit before tax90 Cr102 Cr94 Cr99 Cr129 Cr126 Cr106 Cr121 Cr134 Cr141 Cr125 Cr138 Cr
Tax %27.7%23.6%-0.6%27.5%0.2%24.6%23.5%23.7%27.3%23.3%15.2%23.5%
Net profit65 Cr78 Cr94 Cr72 Cr129 Cr95 Cr81 Cr92 Cr97 Cr108 Cr106 Cr106 Cr
EPS (₹)₹20.52₹24.57₹29.94₹23.18₹41.69₹30.68₹26.24₹29.75₹31.48₹34.97₹34.25₹34.16

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales560 Cr817 Cr1,033 Cr1,071 Cr1,722 Cr2,184 Cr2,563 Cr3,055 Cr3,455 Cr3,699 CrSign in free for the trailing twelve months
Operating expenses (approx.)512 Cr718 Cr902 Cr916 Cr1,357 Cr1,721 Cr2,108 Cr2,546 Cr2,909 Cr3,113 CrSign in free for the trailing twelve months
EBITDA49 Cr100 Cr132 Cr155 Cr364 Cr463 Cr456 Cr509 Cr546 Cr586 CrSign in free for the trailing twelve months
OPM %8.7%12.2%12.7%14.5%21.2%21.2%17.8%16.7%15.8%15.8%Sign in free for the trailing twelve months
Other income13 Cr21 Cr25 Cr41 Cr28 Cr36 Cr38 Cr16 Cr22 Cr70 CrSign in free for the trailing twelve months
Interest4 Cr6 Cr6 Cr4 Cr8 Cr8 Cr25 Cr44 Cr42 Cr32 CrSign in free for the trailing twelve months
Depreciation15 Cr19 Cr17 Cr25 Cr45 Cr43 Cr67 Cr90 Cr75 Cr73 CrSign in free for the trailing twelve months
Profit before tax39 Cr96 Cr133 Cr144 Cr339 Cr448 Cr427 Cr386 Cr459 Cr521 CrSign in free for the trailing twelve months
Tax %17.0%27.1%23.9%21.0%25.8%25.6%27.4%19.5%18.1%22.5%Sign in free for the trailing twelve months
Net profit32 Cr70 Cr101 Cr114 Cr252 Cr333 Cr310 Cr311 Cr376 Cr404 CrSign in free for the trailing twelve months
EPS (₹)₹13.96₹29.74₹42.61₹45.21₹84.92₹106.52₹97.23₹98.01₹121.78₹130.45Sign in free for the trailing twelve months
Dividend payout %————5.4%14.3%18.5%18.7%15.6%18.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital12 Cr12 Cr12 Cr12 Cr13 Cr15 Cr15 Cr15 Cr15 Cr16 Cr
Reserves457 Cr537 Cr704 Cr778 Cr846 Cr1,056 Cr1,668 Cr2,085 Cr2,447 Cr2,976 Cr
Borrowings65 Cr54 Cr69 Cr333 Cr241 Cr190 Cr371 Cr487 Cr555 Cr421 Cr
Other liabilities197 Cr237 Cr201 Cr642 Cr1,015 Cr1,076 Cr996 Cr1,091 Cr845 Cr896 Cr
Total liabilities731 Cr840 Cr987 Cr1,902 Cr2,296 Cr2,488 Cr3,141 Cr3,678 Cr3,863 Cr4,309 Cr
Fixed assets (net)43 Cr46 Cr46 Cr71 Cr59 Cr68 Cr89 Cr88 Cr82 Cr71 Cr
CWIP0.22 Cr2 Cr1 Cr2 Cr2 Cr4 Cr7 Cr0.94 Cr2 Cr2 Cr
Investments274 Cr284 Cr396 Cr280 Cr260 Cr70 Cr75 Cr94 Cr178 Cr234 Cr
Loans & advances——0.46 Cr2 Cr3 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Trade receivables85 Cr135 Cr208 Cr316 Cr375 Cr436 Cr507 Cr541 Cr770 Cr580 Cr
Cash & bank48 Cr88 Cr93 Cr220 Cr591 Cr727 Cr208 Cr381 Cr461 Cr704 Cr
Other assets281 Cr285 Cr242 Cr1,011 Cr1,006 Cr1,184 Cr2,256 Cr2,573 Cr2,370 Cr2,718 Cr
Total assets731 Cr840 Cr987 Cr1,902 Cr2,296 Cr2,488 Cr3,141 Cr3,678 Cr3,863 Cr4,309 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity43 Cr64 Cr75 Cr184 Cr287 Cr273 Cr107 Cr420 Cr395 Cr542 Cr
Cash from investing-119 Cr-24 Cr-53 Cr-269 Cr181 Cr-20 Cr-737 Cr-256 Cr-275 Cr-66 Cr
Cash from financing65 Cr-7 Cr-16 Cr205 Cr-118 Cr-128 Cr93 Cr5 Cr-57 Cr-300 Cr
Net cash flow-20 Cr40 Cr5 Cr127 Cr371 Cr119 Cr-542 Cr173 Cr80 Cr244 Cr
Free cash flow (OCF − Capex)30 Cr49 Cr60 Cr169 Cr275 Cr237 Cr76 Cr388 Cr375 Cr514 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %8.0%16.9%17.8%11.7%27.1%32.3%21.1%16.6%16.6%16.2%
ROE %6.9%12.7%14.2%11.7%20.1%24.2%16.5%14.3%15.3%13.5%
Debtor days556073108797372658157
Inventory days——00000000
Days payable1383366626262720
Cash conversion cycle42527072736746385437
OCF / EBITDA %88.2%64.3%57.1%118.7%78.8%59.0%23.5%82.6%72.3%92.5%
OCF / EBITDA % (3 years)——65.1%83.7%83.9%75.8%52.0%56.1%61.0%82.7%
Debt / equity0.140.100.100.420.280.180.220.230.230.14
Current ratio2.612.262.931.871.871.781.691.441.952.16
Net debt / EBITDA0.36-0.34-0.180.73-0.96-1.160.360.210.17-0.48