Mastek Ltd

About Mastek Ltd

Mastek Ltd. is a global enterprise digital transformation specialist, providing cloud-native, data, and AI solutions to clients across the public sector, healthcare, and financial services. The company focuses on delivering measurable business outcomes through its expertise in Oracle Cloud, data analytics, and application modernization, holding a strong market position in the UK public sector.

Key Financial Ratios

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Mastek Ltd's P/E ratio (TTM) is 27.86, compared to the industry median of 18.32 and large cap median of 17.45.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Mastek Ltd's P/B ratio is 1.89, compared to the industry median of 2.48 and large cap median of 2.01.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Mastek Ltd's P/S ratio is 1.62, compared to the industry median of 2.21 and large cap median of 1.92.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Mastek Ltd's PEG ratio is 1.40.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Mastek Ltd's EV/EBITDA ratio is 8.82.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Mastek Ltd's ROE is 13.50%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Mastek Ltd's ROA is 13.60%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Mastek Ltd's ROCE is 18%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Mastek Ltd's operating margin is 15.84%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Mastek Ltd's net margin is 10.92%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Mastek Ltd's current ratio is 1.99.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Mastek Ltd's debt-to-equity ratio is 0.08.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Mastek Ltd's interest coverage ratio is 17.28.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Mastek Ltd's DPS is ₹23.46.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Mastek Ltd's EPS is 7.27.

(Source line: "Ratios as of 12 Aug 2026, based on last traded price of ₹1819.10. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1982
• Headquarters: Mumbai, Maharashtra
• Core Offerings: Digital Transformation, Cloud Services, Data & Analytics, Oracle Cloud Implementation, Application Development & Maintenance
• Stock Listing: NSE (MASTEK), BSE (523704)
• Promoter: Mastek Promoter Group (includes Sudhakar Ram, Ashank Desai, Ketan Mehta, R. Sundar)

History of Mastek Ltd

Founded in 1982 by five entrepreneurs, Mastek was a pioneer in India's software services export. The company went public in 1992. Over the years, it expanded its global footprint, focusing on key verticals like government, financial services, and healthcare. In 2015, Mastek demerged its US insurance products business (Majesco) to create a pure-play IT services entity. A key strategic acquisition was Evolutionary Systems (Evosys) in 2020, significantly boosting its Oracle Cloud implementation capabilities. Today, Mastek is a leading digital transformation partner, particularly strong in the UK public sector.

Business Segments and Revenue Mix

• UK & Europe: Focuses on large government agencies, public sector, and healthcare, delivering digital transformation programs and cloud solutions.
• North America: Serves clients in financial services, healthcare, and retail with digital engineering, cloud migration, and data analytics services.
• Rest of World (including India): Caters to various industries, leveraging global delivery capabilities and contributing to the company's overall geographic diversification.

Key Personnel

Hiral Chandrana - Global CEO. An accomplished global technology leader with extensive experience in driving digital transformation and growth across various sectors. Sudhakar Ram - Vice Chairman & Whole-time Director. One of the co-founders, he has played a pivotal role in Mastek's strategic direction and growth for over four decades. Ashank Desai - Founder, Non-Executive Chairman. A visionary leader and co-founder, instrumental in shaping Mastek's journey and contributing to the Indian IT industry.

Subsidiaries and Associate Companies

• Mastek (UK) Limited
• Mastek Inc. (USA)
• Evolutionary Systems Private Limited (Evosys)
• Mastek Arabia Co. Limited
• Trans American Information Systems Private Limited

Corporate Actions

• 2022: Bonus Issue in the ratio of 1:3 (one bonus equity share for every three existing equity shares held).
• 2020: Acquisition of Evolutionary Systems Private Limited (Evosys), a leading Oracle Cloud implementation partner.
• 2020: Divestment of its US-based insurance product business (Majesco) to focus on digital transformation services.

References

1. Annual Report FY2024
2. Exchange Filings (NSE/BSE)
3. Financial Results Announcement (Q4 FY24)