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Mastek Ltd share Price

Company details

6M Return 16.55%
1Y Return -22.69%
Mkt Cap.(Cr) 6,378.96
Volume 180,386
Div Yield 0.92%
OI Chg %
Volume 180,386

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About The Stock
    • Mastek Ltd (Mastek) offers data, apps, cloud services to public & private enterprises in the UK, US, Middle East, Asia Pacific and India
    • The company’s recent acquisition of Evosys has enabled Mastek to provide end-to-end solutions and improve margins from ~14% to 21%
    • Net debt free and healthy double digit return ratio (with RoCE of 20%)


    We attended the Analyst Day of Mastek with key takeaway being:

    • Mastek aspires to reach US$1 bn revenue in five to six years from now. The revenue number includes five to six acquisitions in that period
    • The company is looking to aggressively expand in US market (17.6% revenue mix in FY22). As a result, it expects this pie to reach 33.8% by FY25
    • Mastek aligned leadership for US market growth wherein it has appointed Umang Nahata, CEO of Evosys, as president, North America business
    • The company has 10-15% wallet share in the UK public market and has significant growth headroom

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Mastek Ltd.

Q4FY23 Quarterly Result Announced for Mastek Ltd.

IT consulting & software company Mastek announced Q4FY23 results:

  • Revenue at Rs 709 crore, up by 22.0% YoY
  • Operating revenue is up by 7.7% QoQ in rupee terms
  • PAT at Rs 72.6 crore; up 8.2% QoQ
  • 12 months order backlog grew by 22.1% YoY
  • Proposed final dividend of 240%

Commenting on the FY23 results, Hiral Chandrana, Global Chief Executive Officer, Mastek, said: “We are pleased to report a sequential revenue growth of 7.8% QoQ in USD, and 5.3% QoQ in constant currency in Q4, fueled by strong in-quarter execution and demand for digital engineering, experience, and cloud transformation services. Despite macro uncertainty, our pipeline and order backlog across markets continues to grow, account mining is yielding results, and we added 28 new clients in the quarter. We were able to further reduce our attrition to 21.0% on an LTM basis, a 700 bps reduction from a year ago. We are thankful to our customers and employees for their continued trust & commitment to Mastek.”

Arun Agarwal, Global Chief Financial Officer, Mastek, said: “We are glad to conclude FY23 with revenue growth of 18.5% YoY in constant currency and continued positive deal momentum. For the full year FY23, we were able to maintain an operating EBITDA margin of 17.8% driven by our cost-optimization focus while funding for the growth. Our 12-month order backlog stood at Rs 1,794 crore, an increase of 17.2% on YoY in constant currency. We are confident that efforts to strengthen our leadership team, disciplined execution and strategic priorities, position us well to navigate successfully through the current macroeconomic environment.”


Result PDF

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Investment recommendation

Call Date
21 Apr 2023
Entry Price 1,810.00
Target Price 1,880.00
12 Month


Operating Profit
Profit after Tax
Reserves and Surplus
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Mastek Ltd Stocks COMPARISION


Equity Capital: 1,071.36 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 3,296.96 39,477.59
LAST 3M 15,440.75 59,034.02
LAST 6M 64,524.17 39,054.82
LAST 12M 119,831.70 83,752.26
Mastek Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 01, 2023 l NSE Announcement

Mastek Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 31, 2023 l NSE Announcement

Date Action Type Ratio
Feb 01, 2023 Dividend 140
Sep 08, 2022 Dividend 240
Jan 31, 2022 Dividend 140

Mastek Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Mastek Limited is a trusted Digital Engineering and Cloud Transformation Partner that delivers innovative solutions and business outcomes for clients across industry verticals including Healthcare and Life Sciences, Retail, Manufacturing, Financial Services and Government/ Public sector. The Company enable customer success and business change programmes by partnering with enterprises to unlock the power of data, modernize applications to cloud, and accelerate digital advantage for all stakeholders. Mastek Limited was incorporated on 14th May 1982, with its principal offshore delivery facility based at Mumbai, India; Mastek operates across the US, Europe, Japan and Asia Pacific regions, also has been at the forefront of technology, which along with proven methodologies and processes, increase IT value generation to its customers through onsite and offshore deliveries. Mastek was the first Company in India to create software products during the year 1985. In 1989, the company had introduced Relational Database Management System (RDBMS) in India; it was the first of its kind. To work additionally, a subsidiary company in Singapore was established in the year 1990. Mastek was the first company developed Enterprise Resource Planning in India during the year 1992 and in the same year, the Mastek USA was founded. One more subsidiary company was incorporated under the company`s control in Malaysia during the year 1994. The Company made its footprint in UK and also formed a subsidiary in Germany in the year 1996 and 1999 respectively. Mastek assessed at People Capability Maturity Model (P-CMM) Level 3 in the year 2000. In the year 2002, the company`s state-of-the-art campus was launched in Millennium Park at New Bombay. One of the world`s largest Dot Net project London Congestion Charging of the company was goes live in the year 2003. Also in the same year, Mastek awarded the `Best Solution developed on .NET by an Indian SI`. During the year 2005, the company had signed the memorandum of agreement to acquire 15.5 acres of land at Mahindra City in Chennai. Mastek group`s first development centre outside Maharashtra, India, Launched its largest development centre outside Mumbai in Pune in the identical year of 2005. Mastek had attained the position, among top 15 Indian IT companies as per NASSCOM survey in the year 2006. In the year 2007, the company`s launched its development centre at Chennai and also a new building was commissioned at Millennium Park campus at New Bombay. In July of the year 2007, Mastek had acquired insurance-focused IT Company Vector Insurance Services. During the same year of 2007, Mastek credited as the first to ride the third wave of Indian IT and obtained Level 3 of CMMI version 1.2. Mastek had ranked in the top 50 global outsourcing providers in The Black Book of Outsourcing published by the Brown-Wilson Group of the year 2007. The Company had acquired Systems Task Group (STG) International Ltd in March 2008, an IP-based enterprise solutions provider to the North American property and casualty (P&C) insurance industry. The Company has been ranked among the "Top 20" among the leaders of "Global Outsourcing 100 Companies 2008" by the International Association of Outsourcing Professionals, published in Fortune magazine in May of the year 2008. In July of the year 2008, Mastek had revised its agreement with Capita Life & Pensions to expand its licence and service arrangement for the Elixir software to support the customer base of Capita`s growing, market leading Business Process Outsource (BPO) operations in the UK Life & Pensions market. In FY 2011-12, Hon`ble Bombay High Court vide its Order dated December 2, 2011 and Gujarat High Court vide Order dated July 7, 2011 had approved Merger of Keystone Solutions India Private Limited, a step down subsidiary with the Company, being appointed date of the Merger Scheme, July 01, 2011. The Board of Directors of the Company in their meeting held on 15 September 2014, had approved demerger of Insurance Products and Services business of the Company, into a new Company, Minefields Computer Limited to be renamed as Majesco Limited, to be followed by transfer of Majesco India of the Offshore Insurance Operations business in India to Majesco Software and Solutions India Private Limited (MSSIPL). During the year 2014-15, Company sold its entire shareholding in Mastek Asia Pacific Pte. Ltd. to Majesco Sdn. Bhd, Malaysia for a consideration of SGD 380,000 and consequently, Mastek Asia Pacific Pte. Ltd. ceased to be a Subsidiary of the Company effective, October 31, 2015. The Company increased 37 new clients during the year, totaling up to 157 clients for the FY 2018-2019. It had 2 direct wholly owned subsidiaries and 4 step down subsidiaries as at 31 March, 2019. During the year 2019-2020, TAIS Tech LLC has been merged with Trans American Information Systems Inc. USA, step down subsidiary of the Company. Accordingly, TAIS Tech LLC now cease to exist effective December 31, 2019. Further, on April 30, 2020 a new entity i.e. Mastek Digital Inc. at Canada has been incorporated as wholly owned subsidiary of Mastek Inc. On February 8, 2020, Company acquired Evolutionary Systems Private Limited (Evosys), a leading Oracle Cloud implementation and consultancy company, that has served more than 1,000 Oracle Cloud customers. It expanded customer base to 30. As on March 31, 2020, Company has 20 Subsidiary Companies, which increased due to acquisition of Evosys Group Companies. As on March 31, 2021, the Company had 21 Subsidiary Companies. During the year 2021, Company increased 10 non-retail customers to support them in their digital transformation journey. It formed alliances and partnerships which opened up opportunities. It expanded base to Canada, enabling to serve Canadian customers while expanding the talent work force. During the year 2022, Company launched Cloud Enhancement Service (CES) offerings providing significant ROI to its customers. It secured the first deal for Canadian entity with a leading Healthcare service provider. It secured largest co-sell deal encompassing front-to-back-office transformation through their Oracle and Salesforce solutions (Acosta). It opened a new office in Bucuresti, Romania which will help strengthen our footprints in the European market and serve as a foundational step towards opening more nearshore delivery centres, closer to the UK market.

Registered Address

804/805 President House, Opp C N Vidyalaya, Ahmedabad, Gujarat, 380006

Tel : 91-79-26564337
Email : investor_grievances:mastek.com
Website : http://www.mastek.com

Sharepro Services India P Ltd

AGM Date (Month) : Oct
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 523704
Book Closure Date (Month) : Oct
BSE Group : A
ISIN : INE759A01021

FAQ’s on Mastek Ltd Shares

You can buy Mastek Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Mastek Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 02, 2023 03:56 PM the closing price of Mastek Ltd was ₹ 2,089.75.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jun 02, 2023 03:56 PM, the market cap of Mastek Ltd stood at ₹ 6,378.96.

The latest PE ratio of Mastek Ltd as of Jun 02, 2023 03:56 PM is 23.02

The latest PB ratio of Mastek Ltd as of Jun 02, 2023 03:56 PM is 0.26

The 52-week high of Mastek Ltd is ₹ 2,774.95 while the 52-week low is ₹ 1,475.10

According to analyst recommendations, Mastek Ltd has a “Buy” rating for the long term.

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