Mastek Limited

NSE: MASTEK · Information Technology

₹1,476.70+0.26%06 Nov 2026

Ask the data

Instant answers about Mastek Limited — computed from its filings, no language model

Market cap₹4,578 cr

Current price₹1,476.70

High / Low₹2,336 / ₹1,342

P/E10.7

P/B1.44

Book value₹1,028.9

ROE13.4%

ROCE16.3%

Debt / equity0.11

Dividend yield1.62%

EPS (TTM)₹137.44

Face value₹5

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,033	1,071	1,722	2,184	2,563	3,055	3,455	3,699
EBITDA	132	155	364	463	456	509	546	586
Operating margin	12.7%	14.5%	21.2%	21.2%	17.8%	16.7%	15.8%	15.8%
Interest	6	4	8	8	25	44	42	32
Depreciation	17	25	45	43	67	90	75	73
Profit before tax	133	144	339	448	427	386	459	521
Tax	32	30	88	115	117	75	83	117
Net profit	101	109	209	295	293	300	376	404
EPS ₹	42.61	45.21	84.92	106.52	97.23	98.01	121.78	130.45
Operating cash flow	—	—	—	273	107	420	395	542
Capex	—	—	—	36	32	31	20	28
Dividend paid	—	—	—	48	57	58	59	74
Total assets	—	—	—	—	3,141	3,678	3,863	4,309
Equity	—	—	—	—	1,683	2,100	2,462	2,992

Quarterly performance

last 31 quarters · ₹ crore

showing latest 8 of 31 periods

	SEP '18	DEC '18	MAR '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	257	265	267	244	244	337	386	410	443	483	516	534	552	582	625	659	709	725	766	784	780	813	867	870	905	915	940	906	938	985	1,019
Operating profit	31	34	35	29	34	58	68	87	104	106	113	113	116	121	107	114	126	127	123	134	125	124	143	141	139	137	146	146	151	151	146
Operating margin	12.2%	12.8%	13.2%	11.8%	13.8%	17.3%	17.6%	21.1%	23.5%	21.9%	21.8%	21.1%	21.1%	20.8%	17.2%	17.3%	17.7%	17.5%	16.1%	17.0%	16.0%	15.2%	16.5%	16.2%	15.3%	15.0%	15.5%	16.1%	16.1%	15.4%	14.3%
Other income	9	6	7	9	10	18	17	4	4	3	5	8	6	18	7	6	-0	2	5	3	5	4	5	9	4	11	15	21	24	12	12
Interest	2	1	1	1	1	1	2	2	2	2	2	2	2	3	5	8	9	9	13	13	9	9	11	12	10	9	9	7	7	7	8
Depreciation	5	4	4	6	6	8	11	12	12	10	10	10	11	12	17	20	20	20	21	22	27	20	20	17	19	18	18	18	18	18	19
Profit before tax	33	34	37	31	32	49	71	77	94	97	106	108	110	124	117	92	96	100	90	102	94	99	129	126	106	121	134	141	125	138	141
Tax	8	8	10	7	6	10	24	18	24	22	26	27	26	36	31	25	24	27	25	24	-1	27	0	31	25	29	37	33	19	33	36
Net profit	25	27	27	25	26	34	40	51	57	61	69	72	74	80	79	64	73	70	63	75	92	69	129	95	81	92	97	108	106	106	106
EPS ₹	10.55	11.12	11.47	10.26	10.79	14.03	16.62	20.81	23.22	24.14	27.43	27.78	24.81	26.74	26.31	21.34	23.89	22.95	20.52	24.57	29.94	23.18	41.69	30.68	26.24	29.75	31.48	34.97	34.25	34.16	34.08
Revenue YoY	—	—	—	-5.2%	-8.0%	26.0%	—	68.2%	81.7%	43.5%	33.8%	30.3%	24.6%	20.3%	17.1%	19.3%	22.0%	—	22.4%	19.1%	9.9%	12.1%	13.3%	10.9%	16.1%	12.5%	8.4%	4.2%	3.6%	7.7%	8.3%
Profit YoY	—	—	—	-1.8%	-1.9%	24.1%	—	106.8%	120.8%	78.1%	71.4%	41.9%	28.2%	32.0%	9.4%	-12.8%	-9.2%	—	-20.6%	17.4%	26.9%	-1.4%	104.8%	25.7%	-11.9%	33.2%	-24.3%	14.4%	30.9%	15.0%	8.4%

Earlier results (standalone, Sep '07 – Jun '18)

₹ crore · from BSE, before the NSE XBRL filings begin

Mastek Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†
Revenue	611	469	385	533	550	665	379	172	162
Operating profit	123	67	-10	40	48	77	22	30	15
Operating margin	20.1%	14.3%	-2.6%	7.5%	8.8%	11.6%	5.9%	17.7%	9.5%
Other income	8	9	36	36	26	23	16	11	23
Interest	0	0	0	0	0	0	0	0	0
Depreciation	26	25	26	24	26	27	15	12	11
Profit before tax	105	51	-0	52	33	78	21	26	27
Tax	1	-11	-3	2	6	4	7	1	12
Net profit	104	62	3	50	27	74	13	25	16

Quarters

showing latest 8 of 43 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†
Revenue	140	137	147	159	157	155	140	136	113	117	103	103	89	91	102	97	106	115	132	131	135	135	124	133	144	150	156	167	173	170	107	93	98	81	54	50	33	35	39	40	43	41	47
Operating profit	19	25	38	38	28	27	29	26	16	13	12	3	-10	-5	3	-20	-2	8	22	3	4	10	1	9	18	20	17	21	12	28	18	3	6	-4	19	9	-2	5	5	3	4	3	5
Operating margin	13.7%	18.5%	25.5%	24.2%	17.8%	17.6%	21.0%	19.1%	13.9%	10.9%	12.0%	2.7%	-11.8%	-5.3%	2.5%	-21.0%	-1.5%	6.7%	16.7%	2.5%	3.3%	7.7%	1.1%	6.8%	12.8%	13.0%	10.8%	12.8%	6.8%	16.2%	16.6%	3.4%	5.7%	-5.1%	35.2%	17.1%	-6.3%	13.5%	13.2%	7.1%	10.0%	8.0%	10.9%
Other income	5	3	2	3	2	2	1	5	2	1	1	1	1	33	1	2	2	5	4	4	25	3	17	1	2	6	7	12	4	0	6	4	2	5	3	2	4	2	9	3	8	3	9
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	6	7	7	7	6	7	6	6	6	6	6	6	6	8	7	7	7	7	7	7	6	6	6	6	7	7	6	6	7	8	6	3	3	3	3	3	3	3	3	3	3	3	3
Profit before tax	18	21	33	34	24	22	25	24	11	8	7	-3	-15	21	-3	-26	-6	6	19	1	24	8	12	4	13	4	17	27	15	20	16	3	5	-3	19	7	-1	1	11	3	9	4	11
Tax	1	2	1	3	-3	-1	2	1	-6	-8	3	-1	-0	-2	1	-0	-0	0	-0	-0	4	-1	0	1	3	2	-1	4	2	-1	5	1	2	-1	4	3	-1	-5	3	1	3	5	2
Net profit	17	19	32	32	26	23	23	24	18	16	4	-1	-15	23	-4	-25	-5	6	19	1	20	9	12	3	10	2	18	23	13	21	11	2	3	-2	15	5	-0	6	9	2	6	-2	9
EPS ₹	5.95	6.57	11.24	11.11	9.70	8.54	8.50	—	6.64	5.93	1.66	-0.49	—	8.36	-1.44	-9.30	-2.02	2.06	7.18	0.40	7.45	3.66	4.75	1.36	4.01	0.84	8.02	10.21	5.82	9.31	4.77	0.83	1.29	-1.00	6.58	2.06	-0.21	2.50	3.75	0.91	2.72	-0.68	3.69
Revenue YoY	—	—	—	—	11.8%	13.3%	-5.1%	-14.1%	-28.0%	-25.0%	-25.9%	-24.5%	-21.2%	-22.0%	-1.5%	9.1%	17.0%	13.2%	—	34.7%	27.1%	17.3%	-6.2%	1.4%	6.5%	11.1%	25.7%	25.8%	19.9%	13.3%	-31.5%	-44.3%	-43.0%	-52.5%	-49.0%	-46.4%	-66.5%	-57.1%	-28.4%	-19.8%	30.3%	17.0%	21.7%
Profit YoY	—	—	—	—	54.3%	22.8%	-28.6%	-25.0%	-31.7%	-30.6%	-80.4%	-105.5%	-182.7%	41.3%	-186.2%	—	-124.2%	—	—	—	—	63.8%	-39.7%	207.3%	-50.6%	-77.6%	51.8%	578.2%	32.2%	922.5%	-39.2%	-91.6%	-77.3%	-111.0%	40.2%	150.3%	-116.6%	—	-42.1%	-55.0%	—	-127.4%	-0.1%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 22 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	17.0%	15.0%	15.7%	14.3%	14.3%	16.0%	16.8%	15.2%	16.1%	13.6%	14.2%	13.5%	14.0%	13.4%
ROCE	—	—	—	—	—	—	—	—	21.3%	18.4%	19.1%	16.6%	16.6%	15.9%	16.7%	16.6%	17.3%	16.4%	16.8%	16.2%	16.7%	16.3%
Net margin	10.3%	11.0%	11.6%	12.2%	12.9%	13.1%	13.2%	13.5%	10.5%	9.4%	9.4%	9.8%	9.5%	11.3%	11.5%	10.8%	11.1%	10.1%	10.3%	10.9%	11.1%	11.1%
EBITDA margin	15.6%	17.9%	20.1%	21.2%	22.1%	22.0%	21.5%	21.2%	17.4%	17.1%	17.1%	16.7%	16.1%	16.2%	16.0%	15.8%	15.7%	15.5%	15.5%	15.7%	15.7%	15.4%
Debt / equity	—	—	—	—	—	—	—	—	0.22	0.27	0.27	0.23	0.23	0.28	0.28	0.23	0.23	0.19	0.19	0.14	0.14	0.11
Interest coverage	35.63	36.15	39.96	42.89	52.22	58.32	61.88	59.34	13.66	10.61	9.73	9.68	9.62	10.81	11.73	11.92	12.63	13.51	15.57	17.28	19.06	19.87
Asset turnover	—	—	—	—	—	—	—	—	0.87	0.80	0.83	0.83	0.85	0.88	0.90	0.89	0.92	0.90	0.91	0.86	0.87	0.90

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	15	15	15	15	15	15	15	16	16
Other equity / reserves	1,196	1,668	1,777	2,085	2,270	2,447	2,661	2,976	3,174
Total equity	1,211	1,683	1,793	2,100	2,286	2,462	2,677	2,992	3,189
Borrowings	387	371	477	487	644	555	522	421	348
Current liabilities	836	736	861	1,070	1,026	938	990	980	837
Non-current liabilities	916	631	835	507	370	462	367	337	264
Total assets	3,123	3,141	3,586	3,678	3,682	3,863	4,034	4,309	4,291
Property, plant & equipment	86	89	89	88	78	82	74	71	84
Capital work-in-progress	4	7	3	1	1	2	2	2	3
Investments	43	75	52	94	105	178	188	234	411
Inventories	0	0	0	0	0	0	0	0	0
Receivables	448	507	575	541	721	770	798	580	461
Cash & equivalents	307	208	266	381	301	461	471	704	520

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	273	107	420	395	542
Cash from investing	-20	-737	-256	-275	-66
Cash from financing	-128	93	5	-57	-300
Capex	36	32	31	20	28
Free cash flow	237	76	388	375	514
Dividends paid	48	57	58	59	74

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹84 cr2%

CWIP

₹3 cr0%

Investments

₹411 cr10%

Receivables

₹461 cr11%

Cash & equivalents

₹520 cr12%

Other assets

₹2,811 cr66%

Peer comparison

largest in Information Technology · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Tata Consultancy Services Ltd.	9,04,457	2,498.50	17.5	7.60	43.4%
Infosys Ltd.	4,78,703	1,181.40	15.6	4.83	31.0%
HCL Technologies Ltd.	3,90,960	1,440.00	21.3	5.14	24.1%
Wipro Ltd.	1,96,119	198.00	14.9	2.48	16.7%
Tech Mahindra Ltd.	1,62,227	1,831.00	35.2	5.47	15.5%
LTM Ltd.	1,28,405	4,338.00	24.6	4.96	20.2%
Persistent Systems Ltd.	95,494	6,053.50	72.3	11.12	15.4%
Coforge Ltd.	91,967	2,076.00	47.7	4.11	8.6%
Oracle Financial Services Software Ltd.	89,075	10,215.00	25.0	11.59	46.4%
MphasiS Ltd.	48,121	2,520.00	24.0	4.46	18.5%
Mastek Limited	4,578	1,476.70	10.7	1.44	13.4%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-9.1%

6 months-12.5%

1 year-32.1%

3Y CAGR-13.2%

5Y CAGR-12.6%

10Y CAGR+25.9%

50-day avg₹1,635.26

200-day avg₹1,686.25

RSI (14)21

FAQs

What is the share price of Mastek Limited?

Mastek Limited (MASTEK) closed at ₹1,476.70 on NSE on 06 Nov 2026.

What is the market cap of Mastek Limited?

₹4,578 crore at the latest close.

What is the P/E ratio of Mastek Limited?

10.7, on trailing-twelve-month earnings from its filings.

How fast is Mastek Limited growing?

Mastek Limited: revenue has compounded at 13.0% a year over three years; net profit at 11.3% a year. Latest-quarter revenue is up 8.3% year on year, profit up 8.4%.

How profitable is Mastek Limited?

On a trailing-twelve-month basis return on equity is 13.4%, return on capital employed 16.3%, operating margin 15.4%, net margin 11.1%.

How much debt does Mastek Limited have?

Mastek Limited is lightly geared: debt to equity is 0.11 with borrowings of ₹348 cr against cash of ₹520 cr (balance sheet of 2026-09-30). Operating profit covers interest 19.9 times.

Financials parsed from Mastek Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '18, annual from FY19, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.