Mastek, incorporated in the year 1982, is a Small Cap company (having a market cap of Rs 4896.18 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
The company is now stabilizing with drags in healthcare behind, Metasoftech fully integrated from Q3, raising the US contribution to ~27%, and cross-currency turning supportive. While Q3 would be stable, growth is likely to improve from Q4. With annual increments and the worst of attrition behind, EBITDA margins should improve gradually.
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.
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