Company Valuation: Mastek Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 99,714 47,039 78,437 67,485 41,605 51,663 - -
Change - -52.83% 66.75% -13.96% -38.35% 24.18% - -
Enterprise Value (EV) 1 99,714 48,988 79,801 66,815 36,428 43,189 39,267 34,743
Change - -50.87% 62.9% -16.27% -45.48% 18.56% -9.08% -11.52%
P/E 32x 16.1x 26.1x 18.1x 10.4x 11.7x 10.6x 8.66x
PBR 9.31x 2.79x 3.73x 2.74x - 1.57x 1.41x -
PEG - -2.02x 14.5x 0.8x 1.42x 1.19x 1x 0.4x
Capitalization / Revenue 4.57x 1.84x 2.57x 1.95x 1.12x 1.26x 1.17x 1.03x
EV / Revenue 4.57x 1.91x 2.61x 1.93x 0.98x 1.06x 0.89x 0.69x
EV / EBITDA 21.6x 10.7x 15.7x 12.2x 6.22x 6.81x 5.57x 4.16x
EV / EBIT 23.8x 12.6x 19.1x 14.2x 7.1x 7.73x 6.21x 4.7x
EV / FCF 42.1x 64.8x 20.5x 17.8x 7.09x 11x 8.69x 6.63x
FCF Yield 2.37% 1.54% 4.87% 5.61% 14.1% 9.05% 11.5% 15.1%
Dividend per Share 2 19 19 19 23 24 26.3 29.25 -
Rate of return 0.57% 1.23% 0.75% 1.05% 1.79% 1.58% 1.76% -
EPS 2 103.8 95.53 97.25 120.6 129.5 142.2 157.4 192.4
Distribution rate 18.3% 19.9% 19.5% 19.1% 18.5% 18.5% 18.6% -
Net sales 1 21,838 25,634 30,548 34,552 36,988 40,892 44,238 50,330
EBITDA 1 4,625 4,558 5,087 5,464 5,856 6,339 7,049 8,345
EBIT 1 4,196 3,885 4,188 4,713 5,130 5,587 6,319 7,392
Net income 1 2,951 2,930 3,003 3,759 4,040 4,441 4,914 6,005
Net Debt 1 - 1,949 1,364 -669.6 -5,177 -8,474 -12,396 -16,920
Reference price 2 3,321.80 1,541.00 2,543.00 2,181.15 1,342.20 1,666.50 1,666.50 1,666.50
Nbr of stocks (in thousands) 30,018 30,525 30,844 30,940 30,997 31,001 - -
Announcement Date 4/20/22 4/19/23 4/26/24 4/18/25 4/17/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.68x3.71x12.95x2.93% 218B
-113.28x18x103.7x-.--% 112B
13.83x1.53x8.02x3.46% 114B
14.79x2.7x10.2x5.56% 86.31B
20.76x5.43x13.34x2.74% 63.2B
14.81x2.15x9.14x5.26% 47.79B
20.89x1.7x10.49x1.4% 40.35B
20.62x1.57x9.98x0.91% 39.24B
18.01x2.34x10.86x4.8% 37.36B
Average 3.68x 4.35x 20.96x 3.01% 84.22B
Weighted average by Cap. -0.71x 5.14x 24.69x 2.91%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield