We attended the Analyst Day of Mastek with key takeaway being:
Mastek's share price has grown by ~12x over the past five years (from ~₹ 238 in April 2017 to ~₹ 2,830 levels in April 2022).
We value the stock at 22x FY24EPS with a target price of ₹ 3100
Apart from Mastek, in our coverage we like Infosys
|Particulars||FY19||FY20||FY21||FY22||5 Year CAGR(FY17-FY22)||FY23E||FY24E||2 Year CAGR (FY22-FY24E)|
|EBITDA Margins (%)||12.7||14.5||21.2||21.2||-||20.3||20.3||-|
UK & Europe Business
North America business
Other Key highlights
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