MINDTREE

Mindtree Share Price MindTree

₹3,433.85
4.85 (0.14%)
  • Advice
  • Hold
29 February, 2024 11:11 BSE: 532819 NSE: MINDTREEISIN: INE018I01017

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Mindtree Performance

Day Range

  • Low 0
  • High 0
₹ 3,433

52 Week Range

  • Low 0
  • High 0
₹ 3,433
  • Open Price0
  • Previous Close0
  • Volume

Mindtree Share Price

  • Over 1 Month -0.91%
  • Over 3 Month 4%
  • Over 6 Month 25.21%
  • Over 1 Year -27.51%

Mindtree Key Statistics

P/E Ratio 30
PEG Ratio 0.8
Market Cap Cr 56,643
Price to Book Ratio 10.3
EPS 100.2
Dividend 0
Relative Strength Index 47.42
Money Flow Index 50.9
MACD Signal 65.24
Average True Range 110.43
MindTree Financials
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Mindtree Technicals

EMA & SMA

Current Price
₹3,433.85
4.85 (0.14%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹3,497.19
  • 50 Day
  • ₹3,408.19
  • 100 Day
  • ₹3,386.77
  • 200 Day
  • ₹3,436.00
  • 20 Day
  • ₹3,503.25
  • 50 Day
  • ₹3,360.64
  • 100 Day
  • ₹3,280.11
  • 200 Day
  • ₹3,433.16

Mindtree Resistance and Support

PIVOT
₹3,422.72
Resistance
First Resistance 3,465.13
Second Resistance 3,496.42
Third Resistance 3,538.83
RSI 47.42
MFI 50.90
MACD Single Line 65.24
MACD 44.45
Support
First Resistance 3,391.43
Second Resistance 3,349.02
Third Resistance 3,317.73

Mindtree Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
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6 Month

Mindtree Result Highlights

MindTree Synopsis

NSE-Computer-Tech Services

Ltimindtree is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs. 31975.40 Cr. and Equity Capital is Rs. 29.60 Cr. for the Year ended 31/03/2023. LTIMindtree Ltd. is a Public Limited Listed company incorporated on 23/12/1996 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L72900MH1996PLC104693 and registration number is 104693.
Market Cap 160,223
Sales 34,012
Shares in Float 9.18
No of funds 561
Yield 1.48
Book Value 10.01
U/D Vol ratio 0.7
LTDebt / Equity
Alpha -0.07
Beta 1.07

MindTree

Owner NameDec-23Sep-23Jun-23Mar-23
Promoters 68.64%68.66%68.66%68.68%
Mutual Funds 7.06%7.23%7.01%6.82%
Insurance Companies 5.11%4.91%4.65%4.15%
Foreign Portfolio Investors 8.65%8.11%8.21%8.41%
Financial Institutions/ Banks 0.06%0.05%
Individual Investors 7.09%7.48%7.77%8.13%
Others 3.45%3.55%3.65%3.81%

MindTree Management

Name Designation
Mr. A M Naik Chairman
Mr. S N Subrahmanyan Vice Chairman
Mr. Debashis Chatterjee Managing Director & CEO
Mr. Sudhir Chaturvedi Whole Time Director
Mr. Nachiket Deshpande Whole Time Director
Mr. R Shankar Raman Non Executive Director
Mr. Chandrasekaran Ramakrishnan Independent Director
Mr. James Abraham Independent Director
Mr. Rajnish Kumar Independent Director
Mr. Sanjeev Aga Independent Director
Mr. Vinayak Chatterjee Independent Director
Mrs. Apurva Purohit Independent Director
Mr. Bijou Kurien Independent Director

Mindtree Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Mindtree Corporate Action

Date Purpose Remarks
2022-10-13 Quarterly Results
2022-07-13 Quarterly Results
2022-04-18 Audited Results & Final Dividend
2022-01-13 Quarterly Results
2021-10-13 Quarterly Results & Interim Dividend
Date Purpose Remarks
2021-10-22 INTERIM Rs.10.00 per share(100%)Interim Dividend

About Mindtree

Mindtree is a public limited company headquartered in Bengaluru, Karnataka. 

It offers services in the domains of analytics and information management, app development and maintenance, business process management, business technology, consulting, cloud, independent testing, infrastructure management services, product engineering, and SAP services, amongst many others. It has offices located across Australia, Sweden, Switzerland, UAE, the Netherlands, Canada, the US, Japan, Singapore, and others.

The company became a subsidiary of Larsen & Toubro Limited (L&T) with effect from July 2, 2019.

 

Business Verticals

The primary services offered by the company include:
Digital services such as cloud, data analytics, IoT, AR/VR services, conversational AI, digital marketing, mobility, and user experience design.
IT consulting services such as app & infrastructure optimization, DevOps, information strategy and governance, quality assurance and strategy.
Engineering R&D services such as embedded intelligence, product sustenance, wireless IP portfolio, and wireless lighting solution.
Operational services such as app development and support, test engineering, business process management, infrastructure management, automation, etc.

The company caters to the following sectors: 

  • Banking
  • Insurance
  • Retail
  • Capital Markets
  • Education, Info Services & Professional Services
  • Manufacturing
  • Transportation, Logistics & Freight
  • Consumer Packaged Goods
  • Technology
  • Media & Entertainment
  • Travel, Hospitality & Real Estate
  • Health
  • Communications

Company History

In 1999, a group of 10 industrial professionals from Cambridge Technology Partners, Lucent Technologies and Wipro incorporated Mindtree. The team was led by Ashok Soota. Mindtree has formed successful business and technology alliances with big companies like Microsoft, Hewlett Packard, Oracle, Bluetooth SIG, Intel, IBM, SAP, Orange, Sun Microsystems and many more.

Milestones

1999 - Formation of Mindtree with two customers and commitment of funding of US$9.5 million at its inception.

2000 - Investment by Walden Software Investments Limited, amalgamated Holdings Limited and Vaitarna Holdings Private Limited in first-round funding. 

2001 - Investment by Franklin Templeton Holding Limited, commenced IT outsourcing partnership with Volvo, received a second round of funding from Global Technology Ventures Limited, Walden Software Investments Limited and Capital International Global Emerging Markets Private Equity Fund.

2004 - Acquired the software division of ASAP and ARPSL. 

2005 - Acquired Linc Software Services Private Limited. Opened West Campus Development Center in Bangalore. 

2006 - It signed a LOI for expansion of facilities in the SEZ in Chennai, acquired land in Bhubaneshwar for expansion of facilities, and launched a development centre in Chennai. 

2008 - Company’s name was changed from Mindtree Consulting Ltd to Mindtree Ltd.

2010 - Mindtree signed a pact with Carlyle Group, one of the world's largest private equity firms for providing IT infrastructure to them. They also got a contract from the government’s Unique Identification Project (UID) for application development and maintenance services.

2012 - Mindtree ranked among the top 5 global R&D services providers

2013 - Launched Gladius - a video management software for advanced surveillance

2014 - Mindtree and SAP announced the first Managed Mobility Offering in Australia. I Got Garbage (IGG) - The technology platform for waste management is open to Bangalore citizens

2015 - Acquired Relational Solutions Inc. Launched Global Learning & Software Delivery Center

2016 - Entered service integration capabilities agreement with Sandvik, acquired Magnet 360, launched IPv6 Stack for Bluetooth Smart and next-gen managed services framework.

2017 - Mindtree (Relational Solutions) included in the Market Guide for Trade Promotion Management and Optimization for the Consumer Goods Industry by Gartner.

2019 - Mindtree has been placed on The Best of The Global Outsourcing 100 list by the International Association of Outsourcing Professionals (IAOP).

2020 - Named leader in ISG Provider Lens Archetype report on Next-Gen Private/Hybrid Cloud - Data Center Services & Solutions.

MindTree FAQs

What is Share Price of MindTree ?

MindTree share price is ₹3,433 As on 29 February, 2024 | 10:57

What is the Market Cap of MindTree ?

The Market Cap of MindTree is ₹56643.3 Cr As on 29 February, 2024 | 10:57

What is the P/E ratio of MindTree ?

The P/E ratio of MindTree is 30 As on 29 February, 2024 | 10:57

What is the PB ratio of MindTree ?

The PB ratio of MindTree is 10.3 As on 29 February, 2024 | 10:57

What were the company's reported sales and net income in 2022?

For the FY 2021-22, Mindtree reported sales and net income of INR 10,525 crores and INR 1,653 crores, respectively. 

What is the future of Mindtree Limited's shares?

Mindtree is a good company, and analysts are optimistic about its growth.

How to buy Mindtree Limited’s shares?

You can easily buy and sell the company's shares by creating a Demat account with 5Paisa.

Q2FY23