Mastek Limited

BSE: MASTEK523704ISIN INE759A01021

Information Technology
Computers - Software & Consulting
BSE 1000

Share price

₹1,443.50-15.50 (-1.06%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹2,367.90
52W low: ₹1,334.00
Off 52W high: -39.04%
1M return: -10.15%
3M return: -20.92%
6M return: -14.85%
1Y return: -32.51%
20D avg volume: 15,058
50 DMA: ₹1,643.27
200 DMA: ₹1,691.93

Key ratios Consolidated

Market cap: ₹4,476 Cr
Current price: ₹1,443.50
52W high / low: ₹2,367.90 / ₹1,334.00
Face value: ₹5.00
P/E: 10.51
P/B: 1.40
EPS (TTM): ₹137.41
Book value / share: ₹1,028.86
ROE: —
ROCE: 16.60%
Operating margin: —
Net margin: —
Debt / equity: 0.14
Net debt: ₹-282.94 Cr
Interest cover: 17.28
Dividend yield: 1.66%
Dividend / share (TTM): ₹24.00
Payout: 17.47%
Cash conversion cycle: 36.8 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,019	985.25	938.00	905.68	940.37	914.70	905.42	869.53	867.39	812.89	779.73	784.27
	11.72	12.03	23.87	20.89	15.09	10.56	3.58	9.47	5.04	4.19	5.45	3.37
	1,030	997.28	961.87	926.57	955.46	925.26	909.00	879.00	872.43	817.08	785.18	787.64
	899.66	858.82	812.91	785.38	821.36	804.56	794.95	757.29	755.27	718.45	691.33	685.90
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	548.05	532.56	502.98	491.59	494.46	489.96	477.54	461.40	475.26	444.83	420.01	430.97
	7.73	6.59	7.19	7.44	8.63	8.76	9.62	11.86	11.14	9.44	9.22	13.34
	19.43	18.34	18.47	17.85	17.87	18.42	18.66	16.55	19.85	20.06	27.49	21.82
	324.45	301.33	284.27	268.50	300.40	287.42	289.13	67.16	74.48	91.04	74.45	69.89
	130.74	138.46	148.96	141.19	134.10	120.70	114.05	121.71	117.16	98.63	93.85	101.74
	10.72	0.00	-23.73	0.00	0.00	0.00	-8.13	3.98	11.76	0.00	0.00	0.00
	141.46	138.46	125.23	141.19	134.10	120.70	105.92	125.69	128.92	98.63	93.85	101.74
	35.79	32.58	19.08	32.84	36.65	28.65	24.85	30.98	0.27	27.13	0.56	24.00
	105.67	105.88	106.15	108.35	97.45	92.05	81.07	94.71	128.65	71.50	94.41	77.74
	34.08	34.16	34.25	34.97	31.48	29.75	26.24	30.68	41.69	23.18	29.94	24.57
Key metrics
	168.62	163.39	150.89	166.48	160.60	147.88	134.20	154.10	159.91	128.13	130.56	136.90
	16.60%	16.60%	16.10%	18.40%	17.10%	16.20%	14.80%	17.70%	18.40%	15.80%	16.70%	17.50%
	10.40%	10.70%	11.30%	12.00%	10.40%	10.10%	9.00%	10.90%	14.80%	8.80%	12.10%	9.90%
	4.30%	—	4.00%	—	4.70%	—	4.00%	—	—	—	—	—
	8.30%	7.70%	3.60%	4.20%	8.40%	12.50%	16.10%	10.90%	—	—	—	—
	8.40%	15.00%	30.90%	14.40%	-24.30%	28.70%	-14.10%	21.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	3,848	3,699	3,455	3,055	2,563	2,184
	68.51	70.41	22.28	16.01	38.29	36.08
	3,916	3,769	3,478	3,071	2,602	2,220
	3,357	3,218	3,026	2,680	2,200	1,772
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	2,075	1,973	1,859	1,671	1,376	1,095
	28.95	32.02	42.06	44.47	24.72	7.68
	74.09	72.61	75.12	89.91	67.37	42.87
	1,179	1,141	1,050	290.96	207.55	625.88
	559.35	551.34	451.55	390.30	402.05	448.04
	-13.01	-30.12	7.61	-4.11	25.32	0.00
	546.34	521.22	459.16	386.19	427.37	448.04
	120.29	117.22	83.23	75.22	117.10	114.62
	426.05	404.00	375.93	310.97	310.27	333.42
	137.46	130.45	121.78	98.01	97.23	106.52
Key metrics
	649.38	625.85	576.34	520.57	519.46	498.59
	16.88%	16.90%	16.70%	17.00%	20.30%	22.80%
	11.07%	10.90%	10.90%	10.20%	12.10%	15.30%
	—	16.60%	17.10%	—	—	—
	5.99%	7.00%	13.10%	19.20%	17.40%	—
	16.64%	7.50%	20.90%	0.20%	-6.90%	—
	—	513.70	375.01	—	—	—
	—	1.34	1.05	—	—	—
	—	0.14	0.23	—	—	—
	—	-282.94	94.41	—	—	—
	—	36.8	54.3	—	—	—
Balance sheet
	—	4,309	3,863	—	—	—
	—	2,114	1,826	—	—	—
	—	704.33	460.76	—	—	—
	—	579.84	769.74	—	—	—
	—	0.00	0.00	—	—	—
	—	578.97	417.10	—	—	—
	—	71.18	82.23	—	—	—
	—	206.46	255.99	—	—	—
	—	980.31	938.45	—	—	—
	—	421.39	555.17	—	—	—
	—	195.91	175.94	—	—	—
	—	225.48	379.23	—	—	—
	—	2,992	2,462	—	—	—
Cash flow
	—	541.69	395.13	—	—	—
	—	-66.16	-275.34	—	—	—
	—	-299.99	-56.85	—	—	—
	—	27.99	20.12	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	237.52	221.32	244.60	225.64	218.37	228.95	125.54	119.70	126.51	114.54	102.17	97.54
	11.61	5.77	37.05	14.44	58.37	25.59	31.52	4.60	56.47	2.97	23.55	8.45
	249.13	227.09	281.65	240.08	276.74	254.54	157.06	124.30	182.98	117.51	125.72	105.99
	207.27	198.88	197.98	205.50	193.09	197.45	108.05	126.69	109.77	97.98	88.36	83.93
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	165.27	151.89	155.18	164.76	154.63	157.22	86.54	79.90	86.99	81.87	67.42	62.78
	1.25	0.30	0.31	0.34	0.37	0.38	0.25	1.00	1.33	1.36	0.56	—
	7.76	6.67	6.48	6.39	6.08	6.69	3.42	2.37	3.97	3.98	3.34	2.96
	32.99	40.02	36.01	34.01	32.01	33.16	17.84	38.29	17.48	10.77	17.04	16.68
	41.86	28.21	83.67	34.58	83.65	57.09	49.01	-2.39	73.21	19.53	37.36	22.06
	43.78	0.00	-27.36	0.00	0.00	0.00	0.00	—	—	—	—	—
	85.64	28.21	56.31	34.58	83.65	57.09	49.01	-2.39	73.21	19.53	37.36	22.06
	23.42	7.41	0.85	6.39	8.45	15.20	5.46	1.04	9.20	5.16	0.06	5.63
	62.22	20.80	57.16	28.19	75.20	41.89	43.55	-1.35	64.01	14.37	37.30	16.43
	20.07	6.71	18.44	9.10	24.29	13.54	14.10	-0.44	20.74	4.66	12.13	5.36
Key metrics
	94.65	35.18	63.10	41.31	90.10	64.16	52.68	0.98	78.51	24.87	41.26	25.02
	39.80%	15.90%	25.80%	18.30%	41.30%	28.00%	42.00%	0.80%	62.10%	21.70%	40.40%	25.70%
	26.20%	9.40%	23.40%	12.50%	34.40%	18.30%	34.70%	-1.10%	50.60%	12.50%	36.50%	16.80%
	8.70%	—	5.90%	—	9.70%	—	5.20%	—	—	—	—	—
	8.80%	-3.30%	94.80%	88.50%	72.60%	99.90%	22.90%	22.70%	—	—	—	—
	-17.30%	-50.30%	31.30%	2,188.10%	17.50%	191.50%	16.80%	-108.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	929.08	917.56	486.29	372.67	313.39	256.70
	68.87	135.45	73.35	72.10	73.37	73.54
	997.95	1,053	559.64	444.77	386.76	330.24
	809.63	787.63	420.28	328.09	279.75	235.82
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	637.10	625.40	335.30	254.46	212.59	188.06
	2.20	1.40	3.94	0.68	0.44	0.54
	27.30	25.64	13.74	11.80	13.03	12.42
	143.03	135.19	67.30	61.15	49.74	34.80
	188.32	265.38	139.36	116.68	107.01	94.42
	16.42	-33.75	0.00	—	58.64	1.45
	204.74	231.63	139.36	116.68	165.65	95.87
	38.07	29.19	18.78	3.66	33.51	18.76
	168.37	202.44	120.58	113.02	132.14	77.11
	54.32	65.37	39.06	36.99	43.85	27.83
Key metrics
	234.24	258.67	157.04	129.16	179.12	108.83
	25.21%	28.20%	32.30%	34.70%	57.20%	42.40%
	18.12%	22.10%	24.80%	30.30%	42.20%	30.00%
	—	24.40%	15.00%	—	—	—
	34.15%	88.70%	30.50%	18.90%	22.10%	—
	5.70%	67.90%	6.70%	-14.50%	71.40%	—
	—	64.92	42.43	—	—	—
	—	0.42	0.42	—	—	—
	—	0.00	0.00	—	—	—
	—	-21.56	-3.90	—	—	—
	—	110.4	49.8	—	—	—
Balance sheet
	—	1,120	1,053	—	—	—
	—	637.94	178.92	—	—	—
	—	25.09	7.04	—	—	—
	—	314.99	88.70	—	—	—
	—	0.00	0.00	—	—	—
	—	52.69	37.78	—	—	—
	—	52.43	32.95	—	—	—
	—	37.45	22.33	—	—	—
	—	165.20	98.54	—	—	—
	—	3.53	3.14	—	—	—
	—	1.24	1.06	—	—	—
	—	2.29	2.08	—	—	—
	—	867.84	912.61	—	—	—
Cash flow
	—	85.16	50.43	—	—	—
	—	3.57	54.30	—	—	—
	—	-79.68	-109.65	—	—	—
	—	20.24	8.00	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +43.06%
Sales CAGR 5Y: —
Profit CAGR 3Y: +15.28%
Profit CAGR 5Y: —
Sales YoY (TTM): +34.15%
Profit YoY (TTM): +5.70%

Consolidated

Sales CAGR 3Y: +13.00%
Sales CAGR 5Y: —
Profit CAGR 3Y: +9.20%
Profit CAGR 5Y: —
Sales YoY (TTM): +5.99%
Profit YoY (TTM): +16.64%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 35.73%

Holder	Type	Holding	Previous	Change
ASHANK DATTA DESAI	Promoter	10.94%	—	—
KETAN MEHTA	Promoter	7.14%	—	—
GIRIJA RAM	Promoter	5.65%	—	—
UMANG TEJKARAN NAHATA	Public	5.48%	—	—
BANDHAN LARGE & MID CAP FUND	Public	5.35%	—	—
HDFC SMALL CAP FUND	Public	5.10%	—	—
UMMED SINGH NAHATA	Public	3.55%	—	—
RAKESH RAMAN	Public	3.39%	—	—
ICICI PRUDENTIAL TECHNOLOGY FUND	Public	3.33%	—	—
RAM FAMILY TRUST I (through Trustee-sole beneficiary Mrs. Girija Ram)	Promoter Group	3.22%	—	—
SUNDAR RADHAKRISHNAN	Promoter	2.60%	—	—
TATA DIGITAL INDIA FUND	Public	2.17%	—	—
HI5 YOUTH FOUNDATION	Promoter Group	1.61%	—	—
RUPA KETAN MEHTA	Promoter Group	1.55%	—	—
ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA BIRLA S	Public	1.41%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Tata Consultancy Services Ltd.	8,81,004	2,435.00	16.99	54.90%	+9.92% TTM	+4.37% TTM	-18.56%
Infosys Ltd	4,57,410	1,127.10	14.86	39.00%	+11.73% TTM	+9.34% TTM	-23.22%
HCL Technologies Ltd	3,81,270	1,405.00	20.80	27.20%	+12.76% TTM	+7.93% TTM	-8.09%
Wipro Ltd.	1,91,922	193.75	14.51	18.60%	+8.22% TTM	-2.44% TTM	-18.61%
Tech Mahindra Limited	1,74,643	1,781.70	31.35	19.80%	+13.60% TTM	+24.88% TTM	+26.47%
LTM LIMITED	1,24,174	4,186.00	23.90	25.80%	+14.67% TTM	+7.10% TTM	-25.47%
Persistent Systems Limited	99,915	6,025.00	55.41	29.40%	+27.10% TTM	+8.29% TTM	+2.88%
COFORGE LIMITED	91,044	2,055.00	43.36	18.70%	+41.21% TTM	+56.10% TTM	+16.26%
Mphasis Limited	47,635	2,494.65	24.93	23.00%	+13.69% TTM	+9.84% TTM	-9.81%
Hexaware Technologies Limited	30,618	501.10	21.83	—	+13.45% TTM	+0.39% TTM	-27.90%
Tata Elxsi Ltd S	23,210	3,725.10	34.63	26.20%	+10.01% TTM	-0.07% TTM	-30.72%
Fractal Analytics Limited	14,551	835.75	39.49	12.50%	—	—	—
KPIT Technologies Ltd	14,310	522.00	26.83	22.10%	+9.16% TTM	-30.96% TTM	-54.81%
IDream Film Infrastructure Company Limited	12,831	467.35	9,786.82	2.10%	—	+690.91% TTM	+164.86%
Zensar Technologies Ltd.	12,138	532.95	15.46	21.00%	+8.81% TTM	+11.99% TTM	-27.59%
RateGain Travel Technologies Limited	9,406	793.55	38.81	9.80%	+114.36% TTM	+15.14% TTM	+15.83%
ASM Technologies Ltd. S	9,154	6,275.30	—	22.70%	+133.51% TTM	+117.67% TTM	+63.73%
BIRLASOFT LIMITED	8,925	319.00	14.47	18.60%	+3.75% TTM	+33.56% TTM	-14.02%
INTELLECT DESIGN ARENA LIMITED	7,446	530.10	21.08	13.60%	+16.99% TTM	-12.31% TTM	-55.75%
Sonata Software Ltd.	6,367	227.05	13.75	27.60%	+3.97% TTM	+8.12% TTM	-39.25%
Newgen Software Technologies Limited	6,295	441.75	19.75	20.80%	+6.49% TTM	-3.04% TTM	-54.57%
Happiest Minds Technologies Limited	4,754	312.20	20.56	17.20%	+12.13% TTM	+18.44% TTM	-38.39%
Mastek Limited	4,476	1,443.50	10.51	16.60%	+5.99% TTM	+16.64% TTM	-32.51%
63 Moons Technologies Limited	4,263	925.15	-45.07	-1.00%	+490.54% TTM	-119.65% TTM	+16.75%
Latent View Analytics Limited	4,030	194.60	20.01	14.70%	+20.34% TTM	+5.91% TTM	-58.20%

Filings & corporate actions

Recent announcements

Intimation of Analyst/Investor meet.2 Nov 2026 · Company Update / Analyst / Investor Meet
Mr. Niraj Khemka has joined Mastek Limited as Vice President - Finance and is leading Investor Relations.30 Oct 2026 · Company Update / General
Press release titled," Mastek Expands Trichy Centre to Create Future-Ready Technology and Talent Hub".28 Oct 2026 · Company Update / Press Release / Media Release
Transcript of the Earnings call held on Financial performance for the quarter and half year ended September 30, 2026.28 Oct 2026 · Company Update / Earnings Call Transcript
Audio recording of the Earnings Conference Call held today with Investors / Analysts on the Unaudited Financial Results for the quarter & half year ended September 30, 202626 Oct 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication of Unaudited Financial Results for quarter and half-year ended September 30, 202624 Oct 2026 · Company Update / Newspaper Publication
Press Release and Investor Presentation.23 Oct 2026 · Company Update / Press Release / Media Release
Press Release and Investor Presentation23 Oct 2026 · Company Update / Investor Presentation
Financial Results for the quarter and half year ended September 30, 2026.23 Oct 2026 · Result / Financial Results
Outcome of the Board Meeting for the quarter and half year ended September 30, 2026.23 Oct 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Schedule of Analyst/Institutional Investor Meetings under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Non-Deal Roadshow22 Oct 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst/Institutional Investor Meetings - Non-Deal Roadshow21 Oct 2026 · Company Update / Analyst / Investor Meet
Update on Earnings Conference Call on Financial Results for the quarter and half year ended September 30, 2026.21 Oct 2026 · Company Update / Analyst / Investor Meet
Allotment of 4,454 Equity Shares under the Company''s Employee Stock Option Plan.12 Oct 2026 · Company Update / Allotment of ESOP / ESPS
Press release titled, "Mastek and CORT Win ISG Paragon Partnership of the Year 2026 for North America, Recognizing a Decade of Digital Transformation".12 Oct 2026 · Company Update / Press Release / Media Release
Press Release titled "Mastek Selected by Staffordshire County Council to Drive AI Enabled- Oracle Cloud Transformation".8 Oct 2026 · Company Update / Press Release / Media Release
Mastek Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/10/2026 ,inter alia, to consider and approve Unaudited Financial Results for Quarter ....7 Oct 2026 · Board Meeting / Board Meeting
Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th September, 2026.5 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Press release titled, "Mastek Reimagines Enterprise Software with AI-Native Services as Software (SaS)"5 Oct 2026 · Company Update / Press Release / Media Release
Intimation of Schedule of Analyst / Institutional Investor Meet29 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Institutional Investor Meet25 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Cancellation of Schedule of Analyst / Institutional Investor Meet scheduled to be held on September 25, 2026.25 Sep 2026 · Company Update / General
Intimation of Schedule of Analyst / Institutional Investor Meet24 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of closure of Trading Window in connection with declaration of Financial Results for the quarter & half year ending September 30, 2026.24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Notice published regarding proposed transfer of shares to the IEPF Authority19 Sep 2026 · Company Update / Newspaper Publication
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bandhan Mutual Fund18 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bandhan Mutual Fund18 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Participation in Investor Conference17 Sep 2026 · Company Update / Analyst / Investor Meet
Disclosure of Voting Results under Regulation 44(3) of SEBI LODR Regulations, 2015 and submission of Scrutiniser''s Report7 Sep 2026 · AGM/EGM / AGM
Proceedings of the 44th Annual General Meeting of the Company.7 Sep 2026 · AGM/EGM / AGM
Cessation of Directorship upon Completion of Tenure of an Independent Director4 Sep 2026 · Company Update / Change in Management
Schedule of Analyst / Institutional Investor Meet31 Aug 2026 · Company Update / Analyst / Investor Meet
Allotment of 3,969 Equity shares under the Company''s Employee Stock Option Plan.27 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Participation in Investor Conference26 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of Cancellation of Non- Deal Roadshow scheduled to be held on August 26, 2026.25 Aug 2026 · Company Update / General
Intimation of Non-Deal Roadshow.20 Aug 2026 · Company Update / Analyst / Investor Meet
Update on Sale of Assets17 Aug 2026 · Company Update / General
Update on Sale of Assets17 Aug 2026 · Company Update / General
Copy of Newspaper Publication.17 Aug 2026 · Company Update / Newspaper Publication
Letter to the shareholders - Annual Report FY 2025-26.14 Aug 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 16.0000	31 Aug 2026	31 Aug 2026	—
Interim Dividend - Rs. - 8.0000	30 Jan 2026	30 Jan 2026	—
Final Dividend - Rs. - 16.0000	12 Sep 2025	12 Sep 2025	—
Interim Dividend - Rs. - 7.0000	24 Jan 2025	24 Jan 2025	—
Final Dividend - Rs. - 12.0000	17 Sep 2024	18 Sep 2024	—

Board meetings

23 Oct 2026 Board Meeting - Financial Results
21 Jul 2026 Board Meeting - Financial Results