Mastek Ltd

Mastek Ltd

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OVERVIEW
FINANCIALS

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.

Incorporation Year: 1982
Headquarters: Ahmedabad, Gujarat
Top Management: Umang Nahata CEO
Industry: Information Technology

Featured In Fortune India Ranking

Next 500 India
#124(2024)#77(2023)#36(2022)#207(2021)#270(2020)#330(2019)#230(2016)#340(2015)
#124(2024)#77(2023)#36(2022)#207(2021)#270(2020)#330(2019)#230(2016)#340(2015)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
3,071
(INR Cr)
Net Operating Income
3,055
(INR Cr)
Assets
2,745
(INR Cr)
Profit
300
(INR Cr)
Net Worth
2,087
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS20242023202220212020201920182017201620152014201320122011201020092008
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)
4425884664111011154
Cash & Bank Balance
(INR Cr)
3832087676082219388488916390122989517813952
Total Debt
(INR Cr)
51940420327333570706602922718427088

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS20242023202220212020201920182017201620152014201320122011201020092008
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 0.250.240.190.320.420.100.130.140.000.050.000.000.010.040.080.140.22
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%