TickerSutra

NSE: MASTEK · BSE: 523704 · ISIN INE759A01021

Mastek Limited stock analysis

Mastek Limited ranks #1054 in the TickerSutra evidence-ranked universe with a score of 57/100 and 95% data confidence. The latest captured fundamentals show ROCE of 17.7%, quarterly sales growth of 7.7% and quarterly profit growth of 15.0%.
Complete evidence gate watch governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE57/100

Monitor only

#1054 of 5,430 ranked equities
Market capitalisation₹5,122.59cr
ROCE17.7%
Quarterly sales growth7.7%
Quarterly profit growth15.0%
P/E ratio11.7×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.15×
  • Strong CFO/EBITDA of 0.92×
  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹2,184cr₹463cr₹333cr21.0%
2023₹2,563cr₹456cr₹310cr18.0%
2024₹3,055cr₹509cr₹311cr17.0%
2025₹3,455cr₹546cr₹376cr16.0%
2026₹3,699cr₹586cr₹404cr16.0%
TTM₹3,769cr₹600cr₹418cr16.0%
Debt / equity0.15×
CFO / EBITDA0.92×
Operating margin16.0%
Free cash flow₹515cr
Sales CAGR · 3Y13.0%
Profit CAGR · 3Y9.2%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts7 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Regulatory updatesLow severity · 1 mention
Constructive

So, we had some provision for doubtful impact during the quarter. We had certain mix change as well as some regulatory costs in the U.K., which got offset by the cost efficiency as well as the currency tailwind, which we had in the quarter. Sushovon: My only submission here is with this new cost, which is going to come on account of ESOP, what do you think will be the steady state EBITDA and EBIT margin for the compa

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

DIRECTOR & BUSINESS NETWORK

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