Mastek Ltd
About
Mastek Limited, established on May 14, 1982, is a leading enterprise digital and cloud transformation specialist. Originally founded as Management and Software Technology Private Limited, the company was established by Ashank Desai, Ketan Mehta, and R. Sundar, all alumni of IIM Ahmedabad, later joined by Sudhakar Ram, who served as Group CEO until 2016, when John Owen took over the role. The company is currently spearheaded by Umang Nahata, CEO.Headquartered in Ahmedabad, Gujarat, Mastek provides digital transformation services and enterprise-level software solutions to large public and private enterprises across 40 countries, including the UK, Europe, the US, the Middle East, Asia-Pacific, and India. Mastek is publicly listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and has a workforce of 5,810+ employees globally.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3071 16.1% | 2644 19.1% | 2220 26.9% | 1750 57.0% | 1115 3.6% | 1076 28.4% | 838 46.3% | 573 5.1% | 545 -47.1% | 1030 10.2% | 934 34.9% | 692 -7.1% | 745 21.4% | 614 -14.9% | 722 -25.2% | 965 5.3% | 916 - |
| Net Operating Income (INR Cr) | 3055 19.17% | 2563 17.38% | 2184 26.83% | 1722 60.70% | 1071 3.70% | 1033 26.43% | 817 45.89% | 560 6.31% | 527 -47.96% | 1013 9.70% | 923 35.07% | 683 -6.84% | 734 23.47% | 594 -16.77% | 714 -24.27% | 943 5.44% | 894 12.53% |
| Profit (INR Cr) | 300 2.5% | 293 -0.7% | 295 41.0% | 209 92.3% | 109 7.3% | 101 45.0% | 70 115.9% | 32 135.9% | 14 -22.5% | 18 -65.8% | 52 50.9% | 34 - | 1 - | -56 - | 68 -52.0% | 141 12.1% | 126 - |
| Assets (INR Cr) | 2745 10.3% | 2488 47.3% | 1689 4.2% | 1622 7.9% | 1503 88.3% | 798 22.4% | 652 12.0% | 583 78.9% | 326 -50.1% | 652 11.1% | 587 2.9% | 570 -2.6% | 585 8.3% | 541 -8.3% | 590 1.9% | 579 20.0% | 482 - |
| Net Worth (INR Cr) | 2087 24.0% | 1683 57.1% | 1071 24.8% | 859 8.6% | 790 10.3% | 716 30.4% | 549 17.1% | 469 46.9% | 319 -46.4% | 596 6.4% | 560 5.1% | 533 -0.5% | 536 9.1% | 491 -10.4% | 548 7.7% | 508 28.8% | 395 12.3% |
| Employee Cost (INR Cr) | 1671 21.4% | 1377 25.7% | 1095 24.1% | 883 51.1% | 584 -0.5% | 587 22.1% | 481 48.8% | 323 15.0% | 281 -54.7% | 621 9.9% | 565 36.3% | 415 -10.1% | 461 1.5% | 454 -0.1% | 455 -19.3% | 564 9.6% | 514 - |
| Interest Cost (INR Cr) | 44 | 25 | 8 | 8 | 4 | 6 | 6 | 4 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 5 | 4 |
| Cash & Bank Balance (INR Cr) | 383 | 208 | 767 | 608 | 221 | 93 | 88 | 48 | 89 | 163 | 90 | 122 | 98 | 95 | 178 | 139 | 52 |
| Total Debt (INR Cr) | 519 | 404 | 203 | 273 | 335 | 70 | 70 | 66 | 0 | 29 | 2 | 2 | 7 | 18 | 42 | 70 | 88 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 9.8% | 11.1% | 13.3% | 12.0% | 9.8% | 9.4% | 8.4% | 5.7% | 2.5% | 1.7% | 5.5% | 5.0% | 0.1% | - | 9.4% | 14.6% | 13.7% |
| Profit As % Of Assets | 10.9% | 11.8% | 17.5% | 12.9% | 7.2% | 12.7% | 10.7% | 5.6% | 4.2% | 2.7% | 8.8% | 6.0% | 0.1% | - | 11.5% | 24.4% | 26.1% |
| Profit As % Of Networth | 14.4% | 17.4% | 27.6% | 24.4% | 13.8% | 14.2% | 12.7% | 6.9% | 4.3% | 3.0% | 9.3% | 6.4% | 0.1% | - | 12.4% | 27.8% | 31.9% |
| Interest Cost to EBITDA % | 8.8% | 5.6% | 1.7% | 2.2% | 2.8% | 5.4% | 5.9% | 8.4% | 3.3% | 3.3% | 0.8% | 0.7% | 5.5% | - | 1.5% | 3.0% | 2.3% |
| Debt to Equity Ratio | 0.25 | 0.24 | 0.19 | 0.32 | 0.42 | 0.10 | 0.13 | 0.14 | 0.00 | 0.05 | 0.00 | 0.00 | 0.01 | 0.04 | 0.08 | 0.14 | 0.22 |
| RONW | 16.5% | 22.5% | 34.6% | 30.5% | 16.8% | 16.0% | 13.7% | 8.2% | 2.8% | 3.2% | 9.5% | 8.6% | 2.0% | - | 12.8% | 31.3% | 33.7% |
| ROCE | 16.8% | 23.0% | 30.6% | 24.8% | 15.3% | 19.2% | 16.5% | 9.4% | 3.1% | 4.4% | 11.8% | 10.2% | 0.2% | -4.8% | 11.7% | 28.6% | 35.8% |