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 56,072 - -
Change - -52.83% 66.75% -13.96% -38.35% 34.77% - -
Enterprise Value (EV) 1 99,714 48,988 79,801 66,815 36,428 47,598 43,676 39,152
Change - -50.87% 62.9% -16.27% -45.48% 30.66% -8.24% -10.36%
P/E 32x 16.1x 26.1x 18.1x 10.4x 13x 11.7x 10.3x
PBR 9.31x 2.79x 3.73x 2.74x - 1.68x 1.51x -
PEG - -2.02x 14.5x 0.8x 1.42x 1.81x 1.1x 0.8x
Capitalization / Revenue 4.57x 1.84x 2.57x 1.95x 1.12x 1.37x 1.27x 1.14x
EV / Revenue 4.57x 1.91x 2.61x 1.93x 0.98x 1.16x 0.99x 0.8x
EV / EBITDA 21.6x 10.7x 15.7x 12.2x 6.22x 7.73x 6.34x 5.07x
EV / EBIT 23.8x 12.6x 19.1x 14.2x 7.1x 8.54x 6.99x 5.47x
EV / FCF 42.1x 64.8x 20.5x 17.8x 7.09x 12.5x 9.92x 7.82x
FCF Yield 2.37% 1.54% 4.87% 5.61% 14.1% 8.03% 10.1% 12.8%
Dividend per Share 2 19 19 19 23 24 24.7 28.35 29.4
Rate of return 0.57% 1.23% 0.75% 1.05% 1.79% 1.37% 1.57% 1.63%
EPS 2 103.8 95.53 97.25 120.6 129.5 138.8 154.1 175.1
Distribution rate 18.3% 19.9% 19.5% 19.1% 18.5% 17.8% 18.4% 16.8%
Net sales 1 21,838 25,634 30,548 34,552 36,988 40,926 44,205 49,214
EBITDA 1 4,625 4,558 5,087 5,464 5,856 6,161 6,888 7,716
EBIT 1 4,196 3,885 4,188 4,713 5,130 5,572 6,251 7,156
Net income 1 2,951 2,930 3,003 3,759 4,040 4,340 4,825 5,576
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 1,808.40 1,808.40 1,808.40
Nbr of stocks (in thousands) 30,018 30,525 30,844 30,940 30,997 31,006 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.03x1.16x7.73x1.37% 591M
23.29x3.78x13.24x2.86% 223B
23.2x4.87x11.94x0.71% 200B
16.18x1.84x9.47x2.92% 140B
-124.14x17.22x94.68x-.--% 111B
-513.36x36.45x149.74x-.--% 106B
16.05x2.89x11.16x5.02% 93.91B
22.79x5.9x14.48x2.49% 68.05B
14.79x2.15x9.15x5.27% 48.3B
24.34x2.02x12.8x1.28% 47.63B
Average -48.38x 7.83x 33.44x 2.19% 103.78B
Weighted average by Cap. -49.31x 8.40x 34.82x 2.07%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Mastek Limited

Historical PBR trend

Valuation ratios - PBR - Mastek Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Mastek Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Mastek Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Mastek Limited
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