Mindteck (India) Ltd
NSE: MINDTECK BSE: 517344IT / Software
Mindteck (India) Ltd (MINDTECK) is a IT / Software company listed on NSE: MINDTECK | BSE: 517344. With a market cap of ₹643 Cr and ROCE of 14.1%, ROE of 10.7%, it operates in the Indian IT / Software sector.
₹201
52W: ₹145 — ₹308
PE 28.9 · Book ₹61.5 · +227% vs bookMarket Cap₹643 Cr
Stock P/E28.9Price to Earnings
ROCE14.1%Return on Capital
ROE10.7%Return on Equity
Div. Yield0.49%Face Value ₹10
Strengths
- +Company is almost debt free.
Weaknesses
- −Stock is trading at 3.21 times its book value
- −The company has delivered a poor sales growth of 10.9% over past five years.
- −Company has a low return on equity of 10.6% over last 3 years.
Shareholding Pattern
Promoters64.2%
FIIs0.01%
DIIs0%
Public35.78%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 64.61% | 64.49%▼0.1 | 64.49% | 64.36%▼0.1 | 64.2%▼0.2 | 64.2% | 64.2% | 64.2% |
| FIIs | 0.22% | 0.04%▼0.2 | 0.02%▼0.0 | 0.18%▲0.2 | 0%▼0.2 | 0% | 0.07%▲0.1 | 0.01%▼0.1 |
| DIIs | 0.02% | 0%▼0.0 | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 35.15% | 35.47%▲0.3 | 35.49%▲0.0 | 35.46%▼0.0 | 35.79%▲0.3 | 35.79% | 35.72%▼0.1 | 35.78%▲0.1 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 34.5 | 34.67 | 36.1 | 41.44 | 39.17 | 35.87 | 38.61 | 35.15 | 39.15 | 38.43 |
| Expenses | 28.79 | 28.79 | 31.43 | 36.2 | 33.51 | 31.12 | 29.7 | 30.08 | 32.09 | 30.26 |
| Operating Profit | 5.71 | 5.88 | 4.67 | 5.24 | 5.66 | 4.75 | 8.91 | 5.07 | 7.06 | 8.17 |
| OPM % | 16.55% | 16.96% | 12.94% | 12.64% | 14.45% | 13.24% | 23.08% | 14.42% | 18.03% | 21.26% |
| Net Profit | 4.15 | 4.42 | 5.74 | 3.86 | 4.41 | 3.29 | 7.26 | 4.66 | 5.38 | 2.17 |
| EPS ₹ | 1.31 | 1.4 | 1.81 | 1.21 | 1.38 | 1.03 | 2.27 | 1.46 | 1.68 | 0.68 |
AI Insights
Revenue Trend
TTM revenue at ₹151Cr, down 2.6% YoY. OPM at 19%.
Debt Position
Borrowings at ₹6Cr. Debt-to-equity ratio: 0.04x. Healthy balance sheet.
Institutional Flow
DIIs: 0% (+0.00pp change). FIIs: 0.01% (-0.20pp change). Promoters hold 64.2%.
Margin & Efficiency
ROCE improving from 13% (Mar 2014) to 14% (Mar 2025). Working capital days: 59.
Valuation
PE 28.9x with 14.1% ROCE. Price is 227% above book value of ₹61.5. Dividend yield: 0.49%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Change in Directorate 13 May - Mindteck appointed Preeti Mohan and Madhuranath R Konety as independent directors for five years from May 13, 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 13 May - Special Window for Re-lodgement of Transfer requests of Physical Shares
- Announcement under Regulation 30 (LODR)-Change in Management 6 May - Mindteck SVP-HR Pradeep K resigned; last working day July 2, 2026.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 23 Apr - Mindteck declares SEBI large corporate disclosure norms are not applicable.
- Clarification On Increase In Volume Of Mindteck Shares 20 Apr - Mindteck clarifies no undisclosed price-sensitive information behind recent share volume increase.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse