Mindtree

₹3433.4 0 | 0%

WEBSITE BSE:532819 NSE : MINDTREE LTD 22 Nov, 00:00

Market Cap ₹56613 Cr.

Stock P/E 29.9

P/B 10

Current Price ₹3433.4

Book Value ₹ 343.7

Face Value 10

52W High ₹0

Dividend Yield 1.08%

52W Low ₹ 0

Edit Ratio

Mindtree Research see more...

Overview Inc. Year: 1999Industry: IT - Software

MindTree Limited is a holding corporation. The Company is an global IT consulting and implementation agency that provides enterprise solutions thru worldwide software program development. The Company operates in 5 segments: Retail, CPG and Manufacturing (RCM); Banking, Financial Services and Insurance (BFSI); Technology, Media and Services (TMS); Travel and Hospitality (TH), and Others. It offers services within the areas of analytics and data control, utility improvement and maintenance, commercial enterprise process control, business technology consulting, cloud, virtual commercial enterprise's, independent testing, infrastructure management offerings, mobility, product engineering, and structures, applications, merchandise (SAP) offerings. It has offices in India, the USA, the United Kingdom, Japan, Singapore, Malaysia, Australia, Germany, Switzerland, Sweden, the United Arab Emirates, Netherlands, Canada, Belgium, France, Ireland, South Africa and Republic of China.

Mindtree Share Price

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Peer Comparison

Mindtree Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Mindtree Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Net Sales	1915	2362	3032	3547	4340	5040	5463	7022	7764	7968	10525
Other Income	38	35	49	83	97	55	190	89	76	152	307
Total Income	1954	2397	3081	3631	4437	5095	5653	7111	7840	8120	10832
Total Expenditure	1622	1910	2421	2841	3539	4321	4722	5957	6683	6311	8330
Operating Profit	332	487	660	790	899	774	931	1154	1157	1808	2503
Interest	1	1	0	0	16	19	17	3	53	50	50
Depreciation	70	62	81	102	132	170	172	164	275	260	242
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	262	424	579	688	751	584	742	987	829	1498	2211
Provision for Tax	43	85	128	153	170	138	172	233	198	388	558
Profit After Tax	219	339	451	534	581	446	570	754	631	1110	1653
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	219	339	451	534	581	446	570	754	631	1110	1653
Adjusted Earnings Per Share	13.5	20.4	27.1	31.9	34.6	26.5	34.8	45.9	38.3	67.4	100.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	32%	14%	16%	19%
Operating Profit CAGR	38%	29%	26%	22%
PAT CAGR	49%	30%	30%	22%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	0%	-4%	38%	20%
ROE Average	34%	28%	26%	26%
ROCE Average	46%	38%	34%	34%

Mindtree Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	958	1314	1641	2011	2464	2620	2741	3306	3157	4319	5473
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	4	3	3	2	2	1	1	1	0	0	0
Other Non-Current Liabilities	-27	-30	-23	-12	11	-34	-23	-21	493	415	483
Total Current Liabilities	369	368	439	599	688	749	986	855	1324	1592	2201
Total Liabilities	1303	1655	2060	2601	3164	3336	3705	4140	4973	6326	8157
Fixed Assets	259	259	344	463	420	769	957	967	1409	1276	1375
Other Non-Current Assets	169	248	248	312	1095	543	246	408	311	477	710
Total Current Assets	875	1148	1468	1826	1649	2024	2502	2766	3207	4573	6072
Total Assets	1303	1655	2060	2601	3164	3336	3705	4140	4973	6326	8157

Mindtree Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	44	59	124	118	351	153	250	326	254	389	758
Cash Flow from Operating Activities	207	266	322	598	380	653	564	630	825	1995	1537
Cash Flow from Investing Activities	-231	-192	-224	-210	-415	-452	-200	-193	-23	-1183	-686
Cash Flow from Financing Activities	37	-13	-111	-138	-174	-140	-288	-522	-696	-423	-596
Net Cash Inflow / Outflow	13	62	-13	250	-208	61	77	-85	106	390	256
Closing Cash & Cash Equivalent	59	124	118	367	153	247	326	254	389	758	1049

Mindtree Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	13.5	20.42	27.05	31.92	34.62	26.55	34.77	45.92	38.32	67.41	100.29
CEPS(Rs)	17.79	24.17	31.9	37.99	42.48	36.68	45.23	55.91	55.05	83.18	114.98
DPS(Rs)	1	3	6.25	8.5	16	10	11	33	13	25	37
Book NAV/Share(Rs)	58.81	78.85	97.97	119.65	146.21	155.65	166.03	200.34	191.16	261.62	329.58
Core EBITDA Margin(%)	15.31	19.14	20.14	19.91	18.46	14.26	13.55	15.16	13.93	20.79	20.86
EBIT Margin(%)	13.69	17.98	19.1	19.39	17.67	11.98	13.89	14.09	11.35	19.44	21.48
Pre Tax Margin(%)	13.66	17.94	19.09	19.39	17.3	11.6	13.58	14.05	10.67	18.8	21
PAT Margin (%)	11.42	14.35	14.88	15.06	13.39	8.85	10.43	10.74	8.12	13.93	15.7
Cash Profit Margin (%)	15.05	16.99	17.55	17.93	16.42	12.23	13.57	13.08	11.67	17.19	18
ROA(%)	19.05	22.91	24.29	22.93	20.15	13.72	16.19	19.22	13.84	19.65	22.83
ROE(%)	25.37	29.97	30.66	29.38	26.07	17.6	21.36	25.09	19.6	29.79	33.94
ROCE(%)	29.4	36.27	38.82	37.6	33.93	23.11	26.36	31.17	27.28	41.43	46.18
Receivable days	65.78	66.35	63.28	65.86	65.7	63.52	63.04	61.11	65.21	62.14	52.11
Inventory Days	0	0	0	0	0	0	0	0	0	0	0.14
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	9.03	11.16	12.19	20.43	18.83	17.04	22.26	20.56	21.61	30.92	42.9
Price/Book(x)	2.07	2.89	3.37	5.45	4.46	2.91	4.66	4.71	4.33	7.97	13.05
Dividend Yield(%)	0.82	1.32	1.9	1.3	2.45	2.21	1.42	3.5	1.57	1.2	0.86
EV/Net Sales(x)	1.02	1.56	1.78	2.97	2.49	1.48	2.32	2.17	1.68	4.21	6.64
EV/Core EBITDA(x)	5.91	7.57	8.16	13.37	12.01	9.63	13.61	13.21	11.28	18.57	27.91
Net Sales Growth(%)	26.92	23.32	28.36	17.01	22.34	16.13	8.4	28.53	10.58	2.62	32.1
EBIT Growth(%)	71.37	61.94	36.39	18.77	11.49	-21.3	25.77	30.38	-10.91	75.66	45.99
PAT Growth(%)	77.66	54.96	33.14	18.42	8.74	-23.24	27.78	32.3	-16.34	76.01	48.86
EPS Growth(%)	75.47	51.23	32.5	17.99	8.48	-23.33	30.98	32.06	-16.54	75.91	48.77
Debt/Equity(x)	0.05	0.02	0	0	0.02	0.04	0.11	0	0	0	0
Current Ratio(x)	2.37	3.12	3.34	3.05	2.4	2.7	2.54	3.23	2.42	2.87	2.76
Quick Ratio(x)	2.45	3.24	3.41	3.13	2.54	2.7	2.54	3.24	2.42	2.87	2.76
Interest Cover(x)	524.4	424.6	1447.75	6878	48.23	31.6	44.91	341.24	16.67	30.73	45.04
Total Debt/Mcap(x)	0.02	0.01	0	0	0	0.01	0.02	0	0	0	0

Mindtree Shareholding Pattern

#	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
Promoter	73.49	67.59	61.03	61.03	61.02	61	61	60.99	60.99	60.95
FII	10.39	12.02	13.27	13.92	13.66	15.01	15.72	14.4	11.69	12.06
DII	7.88	11.97	10.62	10.86	11.99	10.11	9.71	10.46	12.06	11.82
Public	8.24	8.42	15.08	14.19	13.33	13.88	13.57	14.15	15.26	15.17
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
Promoter	12.09	11.13	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05
FII	1.71	1.98	2.19	2.29	2.25	2.47	2.59	2.37	1.93	1.99
DII	1.3	1.97	1.75	1.79	1.97	1.67	1.6	1.72	1.99	1.95
Public	1.36	1.39	2.48	2.34	2.2	2.29	2.24	2.33	2.52	2.5
Others	0	0	0	0	0	0	0	0	0	0
Total	16.46	16.47	16.47	16.47	16.47	16.48	16.48	16.48	16.48	16.49

Pros

Company has delivered good profit growth of 29% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28%
Company is almost debt free.

Cons

Stock is trading at 10 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.