MINDTREE

MINDTREE

Large Cap BSE: 532819 NSE: MINDTREE
₹3433.85
4.85 (0.14%)
As on 01 December, 2022 | 00:00

Mindtree Performance

Day Range

  • Low
  • High

52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

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Mindtree Share Price

Mindtree Share Returns

  • 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 29.9
PEG Ratio 0.8
Market Cap Cr 56,643
Price to Book Ratio 10.3
EPS 100.2
Dividend 0.8
Relative Strength Index 47.42
Money Flow Index 50.9
MACD Signal 65.24
Average True Range 110.43

Mindtree Investment Rating

  • Master Rating:
  • Mindtree has an operating revenue of Rs. 12,168.90 Cr. on a trailing 12-month basis. An annual revenue growth of 33% is outstanding, Pre-tax margin of 21% is great, ROE of 30% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its key moving averages, around 2% and 0% from 50DMA and 200DMA. It needs to stay above these levels to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 95 which is a GREAT score indicating consistency in earnings, a RS Rating of 34 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C which is evident from recent supply seen, Group Rank of 108 indicates it belongs to a poor industry group of Computer-Tech Services and a Master Score of C is fair but needs to improve. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

MindTree Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 3,4003,1212,8972,7502,5862,2922,109
Operating Expenses Qtr Cr 2,7042,4632,2892,1582,0561,8271,647
Operating Profit Qtr Cr 697658608592531465462
Depreciation Qtr Cr 65606063615871
Interest Qtr Cr 14121213131311
Tax Qtr Cr 158154153150133122102
Net Profit Qtr Cr 509472473438399344317

Mindtree Technicals

EMA & SMA

Current Price
3433.85
4.85 (0.14%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 3497.19
  • 50 Day
  • 3408.19
  • 100 Day
  • 3386.77
  • 200 Day
  • 3436
  • 20 Day
  • 3503.25
  • 50 Day
  • 3360.64
  • 100 Day
  • 3280.11
  • 200 Day
  • 3433.16

Mindtree Resistance and Support

PIVOT
₹3450.35
Resistance
First Resistance 3487.65
Second Resistance 3546.3
Third Resistance 3583.6
RSI 47.42
MFI 50.9
MACD Single Line 65.24
MACD 44.45
Support
First Resistance 3391.7
Second Resistance 3354.4
Third Resistance 3295.75

Mindtree Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,028,650 67,983,479 66.09
Week
1 Month 717,589 27,268,392 38
6 Month 676,463 19,069,489 28.19

Mindtree Result Highlights

MindTree Synopsis

NSE-Computer-Tech Services

Mindtree Ltd. is involved in the business activities of Other information technology and computer service activities n.e.c. Company’s Total Operating Revenue is Rs. 10525.30 Cr. and Equity Capital is Rs. 164.80 Cr. for the Year ended 31/03/2022. MindTree Ltd. is a Public Limited Listed company incorporated on 05/08/1999 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L72200KA1999PLC025564 and registration number is 025564.
Market Cap 56,608
Sales 12,169
Shares in Float 6.43
No of funds 492
Yield 1.08
Book Value 10.34
U/D Vol ratio 0.9
LTDebt / Equity
Alpha -0.11
Beta 1.59

MindTree

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 60.95%60.99%60.99%
Mutual Funds 6.86%7.59%7.31%
Insurance Companies 4.71%4.3%2.7%
Foreign Portfolio Investors 12.06%11.69%14.4%
Financial Institutions/ Banks 0.29%
Individual Investors 13.13%13.05%12.18%
Others 2.29%2.38%2.13%

MindTree Management

Name Designation
Mr. Anilkumar Manibhai Naik Non Executive Chairman
Mr. Sekharipuram Narayanan Subrahmanyan Non Executive Vice Chairman
Mr. Debashis Chatterjee Managing Director & CEO
Mr. Venugopal Lambu Executive Director & President
Mr. Ramamurthi Shankar Raman Non Executive Director
Mr. Akshaya Bhargava Independent Director
Mr. Bijou Kurien Independent Director
Mr. Prasanna Rangacharya Mysore Independent Director
Ms. Apurva Purohit Independent Director
Mrs. Deepa Gopalan Wadhwa Independent Director
Mr. Chandrasekaran Ramakrishnan 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

MindTree MF Shareholding

Name Amount(cr)
HDFC Balanced Advantage Fund Growth 49709
UTI Flexi Cap Fund Regular Plan Growth 26133
SBI Balanced Advantage Fund Regular Growth 23785
Mirae Asset Emerging Bluechip Fund Growth 23691
Aditya Birla Sun Life Frontline Equity Fund Growth 22276

About Company

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 ₹3433 As on 30 November, 2022 | 23:46

What is the Market Cap of MindTree ?

The Market Cap of MindTree is ₹56643.3 Cr As on 30 November, 2022 | 23:46

What is the P/E ratio of MindTree ?

The P/E ratio of MindTree is 29.9 As on 30 November, 2022 | 23:46

What is the PB ratio of MindTree ?

The PB ratio of MindTree is 10.3 As on 30 November, 2022 | 23:46

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