MINDTECK · Mindteck (India) Ltd · Software & Programming
MINDTECK · Mindteck (India) Ltd · Software & Programming
As of 06 Nov close
52-week range
52.8% 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)
₹104 Cr
Revenue YoY
PAT YoY
-4.5%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
1.8
P/S (TTM)
1.2
Sector P/E
25.5
Dividend yield
+0.6%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| MINDTECK (this stock) | 20.8 | 1.8 | +7.6% | +10.3% | 0.01 | +0.6% |
| Tata Consultancy Services | 15.6 | 7.6 | +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
stable
MF
Not available from data source
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedMindteck (India) Limited reported revenue from operations of Rs. 4,073 million in FY2025-26, down from Rs. 4,244 million in FY2024-25, while basic earnings per share increased to Rs. 9.86 from Rs. 9.02. The company maintained a going concern basis in its financial statements and disclosed no material penalties from regulatory bodies over the past three years. The Board's Report highlighted the establishment of a robust Enterprise Risk Management framework and adherence to corporate governance standards. A notable development was the appointment of Karim Dhanani as CEO in February 2026 and Santosh Nandiyath as CFO in May 2025. The company also faced a one-time exceptional item of Rs. 530 lakhs due to new Labour Codes impacting gratuity and leave liabilities. The auditor noted a key audit matter related to the impairment of investments in subsidiaries, with a net value of Rs. 6,714 lakhs after impairment of Rs. 5,666 lakhs.
- Revenue from operations was Rs. 4,073 million in FY2025-26, compared with Rs. 4,244 million in FY2024-25; basic EPS increased to Rs. 9.86 from Rs. 9.02.
- The company has no material penalties from regulatory bodies in the last three years.
- A one-time exceptional item of Rs. 530 lakhs was recorded due to new Labour Codes impacting employee liabilities.
- The auditor identified impairment of investments in subsidiaries as a key audit matter, with a net value of Rs. 6714 lakhs after impairment of Rs. 5666 lakhs.
- The Board strengthened governance with the appointment of new CEO and CFO in FY2025-26.
Key takeaway: Mindteck reported lower revenue from operations in FY2025-26 but higher basic EPS. A key risk is the valuation of investments in subsidiaries.
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
Default / Covenant Breach (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.
Default / Covenant Breach
1 occurrenceEarlier (1-3 years ago)
The company had statutory dues outstanding for more than six months as of the year-end, including income tax disputes with amounts totaling Rs. 141.09 lakhs, Rs. 321.43 lakhs, and Rs. 5.83 lakhs under various assessment years, with disputes pending before the Income Tax Appellate Tribunal and Commissioner of Income Tax (Appeals).
Routine disclosures
Internal Control Weakness
3 occurrencesRecent (last 12 months)
The company disclosed deficiencies in the design or operation of internal controls that could adversely affect its ability to record, process, summarize and report financial data, and identified material weaknesses in internal controls over financial reporting.
Earlier (1-3 years ago)
The company has identified deficiencies in the design or operation of internal controls that could adversely affect its ability to record, process, summarize, and report financial data, and has informed its auditors of any material weaknesses in internal controls over financial reporting.
The company disclosed deficiencies in the design or operation of internal controls over financial reporting, including material weaknesses, to its auditors and the Audit Committee, and outlined corrective actions.
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has a contingent liability of Rs. 530 lakhs due to the impact of new Labour Codes, which includes increased gratuity and leave liabilities arising from past service costs.
Earlier (1-3 years ago)
As of March 31, 2025, the company is involved in certain tax disputes related to income tax matters, which are classified as contingent liabilities.
The company is involved in tax disputes pertaining to transfer pricing and other adjustments pending at various forums, with no liability expected by management.
Related-Party Transaction
1 occurrenceRecent (last 12 months)
The company approved a related party transaction involving the appointment of Mr. Karim Dhanani as CEO of Mindteck, Inc., a wholly owned subsidiary, through a postal ballot with 99.9977% approval.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has disputed income tax dues for the years 2016-17, 2017-18, and 2018-19, with disputes pending before the Income Tax Appellate Tribunal and Commissioner of Income Tax (Appeals)-Faceless.
Management & Board Governance
2 occurrencesRecent (last 12 months)
Karim Dhanani, the Chief Executive Officer, resigned from the position with effect from November 15, 2025.
Earlier (1-3 years ago)
Mr. Anand Balakrishnan, Managing Director and CEO, has resigned and will cease to hold office on May 26, 2025.