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    Mastek Limited

    AI-first digital engineering and cloud transformation IT services provider operating in 40+ countries.

    Information Technology
    Information Technology
    View MASTEK earnings calls
    ₹1,772.6
    +8.16% from avg

    Overview

    Price

    ₹1,772.6

    Market Cap

    ₹5.8k Cr

    Sector

    Information Technology

    Information Technology

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1213151515151516
    Reserves7788461.1k1.7k2.1k2.4k2.7k3.0k
    Borrowings335273203404519583544438
    Other Liabilities7631.1k1.2k1.0k1.0k803813879
    Total Liabilities1.9k2.3k2.5k3.1k3.7k3.8k4.0k4.3k
    AssetsFixed Assets8578078411.7k1.9k1.8k1.8k1.9k
    CWIP22471222
    Investments276234666994178188234
    Other Assets7541.2k1.6k1.3k1.6k1.9k2.0k2.1k
    Total Assets1.9k2.3k2.5k3.1k3.7k3.8k4.0k4.3k

    Valuation

    Assumptions

    Current — MASTEK
    Price
    ₹1,691
    EPS (TTM)
    ₹134.81
    PE (TTM)
    12.5
    Profit growth
    15.1%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (20.4×) and current (12.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,691
    vs
    Fair value · 15% return
    ₹1,560
    8%Overvalued

    At 15.1% growth and a 13× exit, ₹1691 only delivers your return if you pay ₹1,560. The price is currently baking in 17% growth.

    EPS grows 15.1%/yr for 5 years, then fades to 6% over 2, exits at 13×.

    YearGrowthEPS (₹)
    FY2715.1%155.17
    FY2815.1%178.60
    FY2915.1%205.56
    FY3015.1%236.60
    FY3115.1%272.33
    FY3210.5% ·fade301.06
    FY336.0% ·fade319.13

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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