Mastek, incorporated in the year 1982, is a Small Cap company (having a market cap of Rs 5130.76 Crore) operating in IT Software sector.
Mastek key Products/Revenue Segments include I T Services for the year ending 31-Mar-2022.
Financials
The company’s top management includes Mr.S Sandilya, Mr.Ashank Desai, Ms.Priti Rao, Mr.Atul Kanagat, Mr.Rajeev Grover, Mr.Ketan Mehta. Company has Walker Chandiok & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 3 Crore shares outstanding.
Investment Rationale
Mastek’s Q3 was weaker than expected on dollar organic growth (down 1.7% q/q, 4.8% y/y) but the order backlog was a strong $206 million, reflecting good deals won in Q3. Meta Soft was fully integrated in Q3, and is likely to boost US growth in FY24 (lower organically in Q3).
The brokerage is of the view that Mastek should return to growth in Q4 and cross-currency along with greater utilisation would help it regain margin momentum. Anand Rathi retains its FY24e/FY25e EBIT but lowers other income leading to a ~4% cut in EPS.
Promoter/FII Holdings
Promoters held 37.28 per cent stake in the company as of 30-Sep-2022, while FIIs owned 8.01 per cent, DIIs 3.73 per cent.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price