MINDTREE

MINDTREE

Large Cap BSE: 532819 NSE: MINDTREE
₹3534.8
-88.3 (-2.44%)
  • Advice
  • Hold
As on 14 August, 2022 | 19:05

Mindtree Share Price

Mindtree Performance

Day Range

  • Low
  • High

52 Week Range

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

Mindtree Share Returns

  • Over 1 Month 23.87%
  • Over 3 Month 19.62%
  • Over 6 Month -8.65%
  • Over 1 Year 20.82%

Mindtree Key Statistics

P/E Ratio 32.7
PEG Ratio 0.8
Market Cap Cr 58,298
Price to Book Ratio 10.6
EPS 100.2
Dividend 1
Relative Strength Index 64.12
Money Flow Index 67.5
MACD Signal 133.38
Average True Range 107.76

Mindtree Investment Rating

  • Master Rating:
  • Mindtree has an operating revenue of Rs. 11,354.70 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 below to its 200DMA and around 15% up from its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 96 which is a GREAT score indicating consistency in earnings, a RS Rating of 52 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A which is evident from recent demand for the stock, Group Rank of 130 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
  • Indicator
  • Jun 2022
  • Mar 2022
  • Dec 2021
  • Sep 2021
  • Jun 2021
  • Mar 2021
  • Oper Rev Qtr Cr
  • 3,121
  • 2,897
  • 2,750
  • 2,586
  • 2,292
  • 2,109
  • Operating Expenses Qtr Cr
  • 2,463
  • 2,289
  • 2,158
  • 2,056
  • 1,827
  • 1,647
  • Operating Profit Qtr Cr
  • 658
  • 608
  • 592
  • 531
  • 465
  • 462
  • Depreciation Qtr Cr
  • 60
  • 60
  • 63
  • 61
  • 58
  • 71
  • Interest Qtr Cr
  • 12
  • 12
  • 13
  • 13
  • 13
  • 11
  • Tax Qtr Cr
  • 154
  • 153
  • 150
  • 133
  • 122
  • 102
  • Net Profit Qtr Cr
  • 472
  • 473
  • 438
  • 399
  • 344
  • 317

Mindtree Technicals

EMA & SMA

Current Price
3534.8
-88.3 (-2.44%)
  • Bullish Moving Average
  • ___
  • 11
  • Bearish Moving Average
  • ___
  • 5
  • 20 Day
  • 3338.74
  • 50 Day
  • 3213.15
  • 100 Day
  • 3360.63
  • 200 Day
  • 3837.27
  • 20 Day
  • 3301.5
  • 50 Day
  • 3066.73
  • 100 Day
  • 3326.5
  • 200 Day
  • 3835.81

Mindtree Resistance and Support

PIVOT
₹3601.14
Resistance
  • First Resistance
  • 3651.97
  • Second Resistance
  • 3680.84
  • Third Resistance
  • 3731.67
Support
  • First Resistance
  • 3572.27
  • Second Resistance
  • 3521.44
  • Third Resistance
  • 3492.57
  • RSI
  • 64.12
  • MFI
  • 67.5
  • MACD Single Line
  • 133.38
  • MACD
  • 156.26

Mindtree Delivery and Volume

  • Period
  • NSE + BSE
    Volume Avg
  • NSE + BSE
    Delivery Volume Avg
  • NSE + BSE
    Delivery Volume %
  • Day
  • 533,337
  • 14,826,769
  • 27.8
  • Week
  • 540,796
  • 12,519,416
  • 23.15
  • 1 Month
  • 1,064,668
  • 24,923,889
  • 23.41
  • 6 Month
  • 825,886
  • 23,438,642
  • 28.38

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
  • 58,298
  • Sales
  • 11,355
  • Shares in Float
  • 6.43
  • No of funds
  • 511
  • Yield
  • 1.05
  • Book Value
  • 10.64
  • U/D Vol ratio
  • 1.5
  • LTDebt / Equity
  • Alpha
  • 0.06
  • Beta
  • 1.61

MindTree

  • Owner Name
  • Jun-22
  • Mar-22
  • Dec-21
  • Promoters
  • 60.99%
  • 60.99%
  • 61%
  • Mutual Funds
  • 7.59%
  • 7.31%
  • 7.14%
  • Insurance Companies
  • 4.3%
  • 2.7%
  • 2.18%
  • Foreign Portfolio Investors
  • 11.69%
  • 14.4%
  • 15.72%
  • Financial Institutions/ Banks
  • 0.29%
  • 0.23%
  • Individual Investors
  • 13.05%
  • 12.18%
  • 11.75%
  • Others
  • 2.38%
  • 2.13%
  • 1.98%

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

MindTree MF Shareholding

  • Name
  • Amount(cr)
  • UTI Flexi Cap Fund Regular Plan Growth
  • 25448
  • Kotak Equity Arbitrage Fund Growth
  • 24543
  • SBI Balanced Advantage Fund Regular Growth
  • 24294
  • Axis Focused 25 Fund Growth
  • 18712
  • Axis Midcap Fund Growth
  • 18677

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 ₹3534 As on 14 August, 2022 | 18:51

What is the Market Cap of MindTree ?

The Market Cap of MindTree is ₹58297.8 Cr As on 14 August, 2022 | 18:51

What is the P/E ratio of MindTree ?

The P/E ratio of MindTree is 32.7 As on 14 August, 2022 | 18:51

What is the PB ratio of MindTree ?

The PB ratio of MindTree is 10.6 As on 14 August, 2022 | 18:51

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.

Q1FY23