Mindteck (India) share price & results
- Jun 2026
- Sept 2026
Bengaluru-based engineering R&D and IT services firm building embedded systems, IoT, product engineering and technical-staffing solutions for global OEM clients in medical devices, semiconductors, data storage and analytical instruments.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 33.9 | −3.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 13.1 | −1.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 3.8 | −17.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 11.72 | −0.4 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 6.39 | +1.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -1.79 | −13.9 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −50.9% 1Y
1Y: ₹275.19 on 24 Oct 2025 → ₹135.07. High ₹275.73 (28 Oct 2025), low ₹127.9 (23 Oct 2026).
- Previous close
- ₹134.24
- Market cap
- ₹436 Cr
- 52-week range
- ₹127.9 – ₹275.73
- One year
- −50.01%
- Price to earnings (TTM to Jun 2026)
- 13.20×
- Return on equity (TTM to Jun 2026)
- 11.72%
Overview
- Symbol
- NSE:MINDTECK
- Sector
- Information Technology
- Exchange
- NSE
- Currency
- INR
What Mindteck (India) Limited does
Based on the company's own presentations, annual report and earnings calls.
Mindteck (India) Limited designs, develops, tests and supports embedded systems, firmware, IoT platforms, enterprise applications and IT infrastructure for global OEM clients, with deep domain focus on medical devices/healthcare, semiconductors, data storage/cloud infrastructure and analytical instruments. It also runs a Talent Management line that staffs technical consultants with client organizations. Work is delivered through a best-shore mix of onsite, offshore and near-shore teams operating out of development centers in India and offices across the US, Canada, UK, Germany, Singapore, Malaysia and Bahrain, largely on a time-and-material basis for Fortune 1000 and mid-market clients.
Segments
- Talent Management
- Product Engineering
- Information Technology Services
- Total headcount
- 1,235
- Technical staff
- 1,102
- Global office locations
- 8 countries (US, Canada, UK, Germany, Singapore, Malaysia, Bahrain, India)
- Advanced development/R&D centers
- 2 (Bengaluru & Kolkata, India)
- Active clients
- 88 (Q4 FY25)
- New client engagements added in FY25
- 26 (incl. multiple Fortune 500 companies)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −18% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 39 | 36 | 39 | 35 | 39 | 38 | 37 | 34 |
| Expenses | 34 | 31 | 30 | 30 | 32 | 30 | 32 | 29 |
| Operating profit | 6 | 5 | 9 | 5 | 7 | 8 | 5 | 4 |
| Operating margin | 14.4% | 13.2% | 23.1% | 14.4% | 18.0% | 21.3% | 13.2% | 13.1% |
| Other income | 1 | 1 | 2 | 2 | 2 | -4 | 3 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 6 | 4 | 10 | 6 | 8 | 3 | 6 | 5 |
| Tax rate | 24.7% | 25.4% | 23.6% | 24.6% | 29.5% | 36.4% | 19.2% | 24.7% |
| Net profit | 4 | 3 | 7 | 5 | 5 | 2 | 5 | 4 |
| EPS (₹ per share) | 1.38 | 1.03 | 2.27 | 1.46 | 1.68 | 0.68 | 1.62 | 1.20 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 337 | 140 | 155 | 150 |
| Expenses | 310 | 118 | 131 | 124 |
| Operating profit | 27 | 22 | 25 | 25 |
| Other income | 4 | 7 | 5 | 3 |
| Interest | 1 | 0 | 1 | 1 |
| Depreciation | 4 | 4 | 5 | 4 |
| Profit before tax | 26 | 24 | 25 | 24 |
| Net profit | 20 | 18 | 19 | 17 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 26 | 25 | 25 | 32 | 32 | 32 |
| Reserves | 116 | 121 | 138 | 157 | 248 | 172 |
| Borrowings | 8 | 6 | 2 | 7 | 6 | 4 |
| Other liabilities | 20 | 18 | 22 | 23 | 53 | 32 |
| Total liabilities | 170 | 169 | 187 | 219 | 339 | 240 |
| Fixed assets | 10 | 7 | 4 | 10 | 35 | 5 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 67 | 67 | 67 | 67 | 0 | 67 |
| Other assets | 93 | 95 | 115 | 142 | 304 | 168 |
| Total assets | 170 | 169 | 187 | 219 | 339 | 240 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 21 | 20 | 10 | 16 | 16 | 4 |
| Cash from investing | -25 | -19 | 6 | -2 | -4 | 7 |
| Cash from financing | -4 | -3 | -15 | -6 | -4 | -7 |
| Net cash flow | -9 | -3 | 2 | 8 | 7 | 4 |
| Free cash flow | 20 | 19 | 9 | 15 | 15 | 5 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 92 | 80 | 86 | 88 | 85 | 133 |
| Cash conversion cycle | 92 | 80 | 86 | 88 | 85 | 133 |
| Working capital days | 48 | 41 | 54 | 61 | 59 | 102 |
| Return on capital employed | 11.0% | 11.0% | 13.0% | 14.0% | 14.0% | 15.0% |
| Dividend payout | 0.0% | 23.0% | 17.0% | 14.0% | 17.0% | 18.0% |
What the price assumes
Growth trapTo justify its price of ₹135, this stock must grow earnings at 19% every year for 7 years. Our analysis caps realistic growth at ~-6%. At that growth it is worth ₹36 — downside of 73%.
- Growth the price implies
- 18.8% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -5.1% a year
- net profit, FY23–FY26 · EPS -5.7%
- The gap
- 0.2 pp
- -73% downside if it only repeats history
Ownership
Who owns it
Promoters hold 64.20% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 64.20%
- Foreign institutions 0.06%
- Domestic institutions 0.00%
- Public 35.72%
- Others 0.00%
Who is on the register
Named in the Sep 2026 filing
Every holder of Mindteck (India) Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 64.20% | unchanged | |
| 5.44% | unchanged | |
| 3.14% | unchanged | |
| 2.91% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
Start an Inve Case for Mindteck (India) Limited
Free account: one company. Everything above stays public.
Write why you follow Mindteck (India) Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Information Technology companies
Learn to analyse Mindteck (India) Limited
Guides on how to read this kind of business and the numbers that matter.