MASTEK · Mastek Ltd · Software & Programming
MASTEK · Mastek Ltd · Software & Programming
As of 06 Nov close
52-week range
37.7% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old
Revenue (latest Q)
₹985 Cr
Revenue YoY
PAT YoY
+15.0%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
4.6
P/S (TTM)
1.3
Sector P/E
25.5
Dividend yield
+1.5%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| MASTEK (this stock) | 11.8 | 4.6 | +11.1% | +14.0% | 0.15 | +1.5% |
| Tata Consultancy Services | 15.7 | 7.7 | +18.1% | +48.0% | 8.93 | +2.9% |
| Infosys | 13.5 | 6.1 | +16.4% | +33.2% | 0.1 | +4.6% |
| HCL Technologies | 16.7 | 7.4 | +13.0% | +23.2% | 0.07 | +5.0% |
Promoter
stable
FII
falling 3q
MF
15.50% (+0.56pp)
rising 3q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| date | canonicalSymbol | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| 2026-08-28 | MASTEK | 264122 | 1 | WEAK | BULK |
News timeline
- mediumcorporate actioneconomictimes.indiatimes.com· 08 Oct 2026, 01:13 pmMastek shares defy weak markets, gain 3% after Staffordshire County council picks company for Oracle Cloud transformation
- unknownindian-share-tips.com· 29 Aug 2026, 11:14 amCan Mastek Limited Sustain Its Technical Breakout Momentum?
- loweconomictimes.indiatimes.com· 28 Jul 2026, 05:48 pmAlta Capital-backed Elevate Campuses,Sai University ink 1,250-bed hostel management pact
- lowthehindubusinessline.com· 21 Jul 2026, 09:29 amQ1 Results 21st July Live: Bajaj Auto, Granules India, Adani Energy, TVS Motor, ATGL, TVS Holdings, CRISIL, Mastek, IndiaMART, Cyient DLM, Sagility, Canara Robeco to announce Q1 results, UltraTech, Pa
Concalls & investor presentations
AI-generatedKey takeaway: Mastek Limited reported Q2FY27 revenue of $107.3 million, a 2.4% sequential increase, with EBITDA at 14.4%, down 100 basis points from Q1 due to salary hikes and ESOPs. The 12-month order backlog grew 2.3% YoY but declined 7.7% sequentially due to delayed project starts and slower consumption. The UK business saw robust revenue growth of 4.1%, driven by Financial Services (16% growth) and new energy/utilities contracts. North America's order backlog increased by over 50% YoY, with strong AI transformation deals in Healthcare & Life Sciences, retail, and manufacturing. APAC and Middle East faced uncertainty, with revenue rebounding from older contracts but ongoing geopolitical risks. Management highlighted strategic partnerships like Innovaccer for AI-driven Healthcare solutions and Service-as-a-Software offerings, which have shown early success. AI deals accounted for over 40% of Q2 deals, with a focus on transformation and productivity. Financials included a 3.4% sequential revenue growth in rupees and a 10.3% PAT margin. Margins were pressured by ESOPs, wage hikes, and mix shifts, but AI efficiencies and restructuring aim for a 160 bps improvement in the medium term. The company emphasized its pivot toward AI-native solutions and confidence in FY27 outperforming FY26 despite Middle East challenges.
The document emphasizes strong AI momentum, strategic partnerships, and confidence in future growth despite short-term challenges.
Sourced from an exchange-filed transcript, dated 28 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation for Mastek Limited's Q2FY27 outlines financial and operational performance for the quarter ended September 30, 2026. Revenue from operations was Rs 1,018.7 crore, a 3.4% quarter-on-quarter increase and 8.3% year-on-year growth. USD revenue was $107.3 million, reflecting a 2.4% QoQ growth but a 0.8% YoY decline. Operating EBITDA was Rs 146.2 crore, with a margin of 14.4%, down 109 basis points QoQ. Net profit was Rs 105.7 crore, a 0.2% QoQ decline but 8.4% YoY growth. The 12-month order backlog stood at Rs 2,742.8 crore, up 10.4% YoY in INR. Key operational highlights include 53 new AI deals, a partnership with Innovaccer in healthcare and life sciences, and strong growth in the UK & Europe region with 4.1% sequential revenue growth. The company reported 4,810 employees as of September 30, 2026, with a 15.2% attrition rate. Cash balance was Rs 930.6 crore, down slightly from Rs 945.4 crore in the previous quarter. Strategic wins include engagements in AI-powered clinical platforms, cybersecurity services, and digital transformations for global clients. Management emphasized growth in AI-led solutions and a positive long-term outlook despite challenges in the AMEA region due to geopolitical uncertainties.
The document highlights both growth in AI-driven business and regional challenges, reflecting a balanced view.
Sourced from an exchange-filed presentation, dated 23 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Mastek Limited's earnings conference call for Q1 FY27, held on July 22, 2026, highlighted a positive performance with a 5% quarter-on-quarter revenue growth in INR terms and a 1.8% growth in constant currency. Management reported strong demand for AI-led initiatives, closing over 40 new opportunities in the quarter. The U.K. business grew by 3% quarter-on-quarter, driven by financial services and healthcare sectors. However, the Middle East faced challenges due to geopolitical instability, impacting predictability. The company emphasized its transformation towards becoming an AI-focused organization, with a new COO appointed to enhance delivery and governance. Financially, Mastek reported a revenue of $104.8 million and a PAT of INR 105.9 crore, with a healthy order backlog of $310 million. Management noted ongoing efforts to manage costs and improve margins despite headwinds in certain regions.
Management emphasized strong growth and positive demand trends across several sectors.
Sourced from an exchange-filed transcript, dated 28 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Mastek Limited reported its financial results for Q1FY27, with revenue reaching Rs 985.3 crore, reflecting a 5.0% increase quarter-on-quarter and a 7.7% increase year-on-year. The company secured over 40 new AI deals during the quarter, contributing to a 25% year-on-year growth in its 12-month order backlog, which stood at Rs 2,935.2 crore. CEO Umang Nahata highlighted the company's focus on AI transformation, noting that approximately 45% of new orders were AI-related. CFO Deepak Kedia mentioned a 1.8% constant currency revenue growth and an EBITDA margin of 15.4%, which saw a slight decline due to delayed collections in the Middle East. The company added 167 employees, with a total workforce of 4,897, and reported improved cash and investment positions of Rs 945 crore. Mastek also received several industry recognitions, including being featured as a 'Challenger' in various Avasant Digital Services RadarViews.
Management emphasized growth in revenue and order backlog, alongside successful AI initiatives.
Sourced from an exchange-filed presentation, dated 21 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Mastek Limited's earnings conference call on April 20, 2026, highlighted a stable Q4 FY '26, with a 3.6% quarter-on-quarter revenue growth and an EBITDA margin of 16.1%. CEO Umang Nahata noted a 7.2% growth in order backlog in INR terms, with positive demand in sectors like Healthcare and Life Sciences, despite a dip in quarterly performance. The financial services sector showed improvement, while retail and manufacturing remained stable. CFO Deepak Kedia reported a revenue of $103.5 million for Q4, with a full-year revenue of $421.2 million, reflecting a 3.1% year-on-year growth. The company faced pricing pressures but maintained margins through operational efficiencies. Mastek's focus on AI initiatives resulted in over 27 new AI projects in the quarter. The management expressed cautious optimism for FY '27, citing a stronger order backlog and positive lead indicators, while acknowledging macroeconomic uncertainties.
The management presented a balanced view of performance and challenges.
Sourced from an exchange-filed transcript, dated 24 Apr 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Mastek Limited reported its financial results for Q4FY26, with revenue reaching ₹938.0 crore, reflecting a 3.6% year-on-year increase. The company noted a 24.4% growth in its 12-month order backlog, attributed to strong performance in the UK and US markets. CEO Umang Nahata highlighted the company's success in securing over 25 AI deals during the quarter, contributing to a total of 85 for the fiscal year. The UK business led growth with a 21.8% increase in revenue, particularly in healthcare, which saw a 95% year-on-year rise. CFO Deepak Kedia reported steady profitability with operating EBITDA margins at 16.1% and a proposed final dividend of ₹16 per share, totaling 480% for FY26. The company added 12 new clients in Q4FY26, bringing total active clients to 326. Mastek emphasized its commitment to AI-led solutions and operational efficiency, positioning itself for future growth.
Management highlighted strong revenue growth and successful AI initiatives.
Sourced from an exchange-filed presentation, dated 17 Apr 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedMastek Limited's FY2025-26 annual report highlights a strategic shift towards becoming an AI-native enterprise, emphasizing AI as the foundation for decision-making, productivity, and value creation. The report outlines commitments to sustainability, responsible AI governance, and expanding presence in critical national infrastructure, particularly in the UK. Management expressed confidence in future growth, focusing on vertical-specific domains like Healthcare, Government, and Financial Services, while prioritizing customer and employee satisfaction. The company also emphasized strengthening its global partner ecosystem and enhancing internal capabilities through training and talent development.
- Shift to AI-native enterprise with AI as the foundation for strategy and operations
- Commitment to sustainability and responsible AI governance frameworks
- Focus on critical national infrastructure and secure, geography-specific solutions in the UK
- Prioritization of vertical-specific domains such as Healthcare, Government, and Financial Services
- Strengthening global partner ecosystem and internal capabilities through training and talent development
Key takeaway: Mastek is transitioning to an AI-native enterprise, leveraging AI to drive decision-making, productivity, and value creation across its operations while committing to sustainability and responsible AI governance.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (2 items); Investigation or enforcement mention (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
2 occurrencesRecent (last 12 months)
The company was fined for delayed compliance regarding the composition of the Board and Committees during part of the financial year 2023-24.
Earlier (1-3 years ago)
The company received fines related to delayed compliance with the composition of the Board and Committees during part of the previous financial year 2023-24.
Investigation or enforcement mention
1 occurrenceEarlier (1-3 years ago)
Mastek Limited received a whistle blower complaint during the year, which was considered by the auditors in determining the nature, timing, and extent of audit procedures.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
The company has provided guarantees for its subsidiary Mastek Inc.'s borrowings, but the probability of invocation is considered remote due to the subsidiary's history of timely repayment and support from Mastek UK.
Earlier (1-3 years ago)
The company has provided guarantees against loans availed by its subsidiary, Trans American Information Systems, Inc., and other related parties including Mastek Digital Inc., Mastek Enterprise Solutions Private Limited, Mastek Arabia FZ LLC, Evolutionary Systems Consultancy LLC, Mastek Systems (Malaysia) SDN BHD, Mastek Systems (Singapore) Pte. Limited, Evolutionary Systems Corp., Mastek Systems Company Limited, Mastek Systems Pty Ltd, Mastek Systems B.V., Evolutionary Systems Qatar WLL, Mastek Information Technology Company LLC, and Mastek Systems Bahrain WLL.
Statutory dues in dispute
2 occurrencesRecent (last 12 months)
The company has outstanding income tax dues under dispute with the High Court and CIT(A), with amounts totaling Rs 9,421.96 lakhs and Rs 1,086.98 lakhs respectively, and other dues pending with the Assessing Officer.
Earlier (1-3 years ago)
The company has statutory dues under the Income Tax Act, 1961, with amounts totaling 9,510 lakhs, of which 1999-00, 2000-01, 2001-02, and 2002-03 are disputed and pending resolution at an unspecified forum.
Management & Board Governance
1 occurrenceEarlier (1-3 years ago)
Mr. Hiral Chandrana resigned as Global Chief Executive Officer effective September 3, 2024.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
3.7% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).