Mindteck (India) Limited (MINDTECK) AI Stock Analysis

• Market Cap: ₹5.74B
• Dividend Yield: 0.57%
• Average Volume (3M): 2.42K
• Price to Earnings (P/E): 18.4
• Beta (1Y): 1.87
• Revenue Growth: 4.32%
• EPS Growth: 10.71%
• Country: IN
• Employees: 760
• Sector: Technology
• Sector Strength: 97
• Industry: Information Technology Services
• EPS (TTM): 2.74
• Shares Outstanding: 31,954,222
• 10 Day Avg. Volume: 1,624
• 30 Day Avg. Volume: 2,415
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹248.00
• Price Target Upside: 38.08% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: ₹248.00 ▲(38.08% Upside)

Mindteck's stock is primarily supported by strong financial performance, characterized by robust revenue growth and improved profitability. Technical analysis indicates mixed signals with potential bearish momentum, while valuation reflects a moderate position. Lack of earnings call insights and notable corporate events leaves the stock's future outlook dependent on fundamental strengths.

Mindteck (India) Limited Business Overview & Revenue Model

Company Description

Mindteck (India) Limited is a global technology company that provides IT and engineering services to a diverse clientele. The company operates in sectors including healthcare, financial services, public sector, semiconductor, and smart energy. Mindteck offers a range of services encompassing product engineering, application development, digital transformation, cloud services, and IT infrastructure management.

How the Company Makes Money

Mindteck (India) Limited generates revenue primarily through offering its IT and engineering services to clients across various industries. The company's key revenue streams include project-based engagements, where it provides customized software development and engineering solutions, and long-term managed services contracts for IT support and maintenance. Additionally, Mindteck collaborates with technology partners to deliver integrated solutions, enhancing its service offerings and market reach. The company's earnings are significantly influenced by its ability to secure contracts from both existing and new clients, as well as its strategic partnerships that enable it to expand its technological capabilities and geographical presence.

Mindteck (India) Limited Financial Statement Overview

Summary

Mindteck (India) Limited exhibits strong financial performance with significant revenue growth, improved profit margins, and effective cash flow management. The company's conservative leverage and solid equity base provide financial stability. However, there is room for improvement in asset utilization.

Income Statement

Mindteck (India) Limited has shown strong growth in its income statement metrics. The gross profit margin has increased significantly over the years, indicating better cost management and pricing strategies. The net profit margin has improved, showing enhanced profitability. Revenue growth has been consistent, demonstrating robust business performance and market demand. The EBIT and EBITDA margins have also improved, reflecting effective operational management and cost controls.

Balance Sheet

The company's balance sheet indicates a strong equity base, with a healthy equity ratio suggesting good financial stability. The debt-to-equity ratio is low, indicating conservative leverage levels, which reduces financial risk. Return on equity has improved, showcasing effective use of shareholders' equity to generate profits. The balance sheet is solid but could benefit from further improvements in asset utilization.

Cash Flow

Mindteck's cash flow statements reveal a strong free cash flow generation and positive operating cash flows, indicating good cash management. The free cash flow to net income and operating cash flow to net income ratios are healthy, demonstrating efficient conversion of income to cash. Free cash flow growth has been positive, which enhances financial flexibility for future investments.

Breakdown	Mar 2025	Mar 2023	Mar 2024	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.32B	3.37B	3.86B	2.99B	2.87B
Gross Profit	942.30M	524.90M	608.40M	565.80M	531.20M
EBITDA	428.00M	315.10M	388.70M	440.00M	241.50M
Net Income	286.80M	207.70M	273.10M	333.10M	108.60M
Balance Sheet
Total Assets	3.22B	2.43B	2.76B	2.29B	2.07B
Cash, Cash Equivalents and Short-Term Investments	1.34B	1.02B	1.25B	768.20M	775.60M
Total Debt	74.40M	56.30M	22.10M	78.60M	260.10M
Total Liabilities	617.80M	520.90M	546.20M	538.40M	667.80M
Stockholders Equity	2.60B	1.91B	2.21B	1.75B	1.40B
Cash Flow
Free Cash Flow	233.20M	113.60M	210.20M	205.20M	330.60M
Operating Cash Flow	241.30M	127.20M	224.80M	216.50M	337.10M
Investing Cash Flow	-74.30M	-104.00M	-127.30M	-200.00M	-252.90M
Financing Cash Flow	14.70M	-147.30M	-18.50M	-33.60M	131.30M

Mindteck (India) Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 179.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MINDTECK, the sentiment is Negative. The current price of 179.6 is below the 20-day moving average (MA) of 208.47, below the 50-day MA of 224.30, and below the 200-day MA of 232.92, indicating a bearish trend. The MACD of -7.45 indicates Positive momentum. The RSI at 31.51 is Neutral, neither overbought nor oversold. The STOCH value of 24.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MINDTECK.

Mindteck (India) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INFOBEAN	75 Outperform	₹14.10B	26.47		0.16%	9.57%	99.67%
MINDTECK	69 Neutral	₹5.74B	18.44		0.57%	4.32%	10.71%
ONWARDTEC	68 Neutral	₹7.10B	21.66		1.62%	7.76%	7.69%
Sector *	61 Neutral	$36.32B	7.12	-7.26%	1.97%	7.79%	-9.36%
SUBEXLTD	49 Neutral	₹7.15B	―		―	-8.61%	95.89%