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    3. Mindtree Share Price

    Mindtree Share PriceMindTree

    Large Cap 11.8k Result
    ₹3,433.85
    4.85 (0.14%)
    • Advice
    • Hold
    As on 11 December, 2023 | 02:05 BSE: 532819 NSE: MINDTREEISIN: INE018I01017

    Mindtree Performance

    Day Range

    • Low 3,380.30
    • High 3,454.00
    ₹ 3,433.85

    52 Week Range

    • Low 0.00
    • High 3,454.00
    ₹ 3,433.85
    • Open Price3,400.00
    • Previous Close3,429.00
    • Volume1004872

    Start SIP in MindTree

    Start SIP

    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 Investment Rating

    • Master Rating:

    • LTIMindtree has an operating revenue of Rs. 34,918.50 Cr. on a trailing 12-month basis. An annual revenue growth of 109% is outstanding, Pre-tax margin of 17% is great, ROE of 26% 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 comfortably placed above its key moving averages, around 7% and 13% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 2% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 71 which is a FAIR score but needs to improve its earnings, a RS Rating of 48 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 127 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 has mediocre earnings and technical strength, there are superior stocks in the current market environment.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    MindTree Financials
    IndicatorSep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 3,4003,1212,897
    Operating Expenses Qtr Cr 2,7042,4632,289
    Operating Profit Qtr Cr 697658608
    Depreciation Qtr Cr 656060
    Interest Qtr Cr 141212
    Tax Qtr Cr 158154153
    Net Profit Qtr Cr 509472473
    IndicatorMar 2022
    Total Revenue Annual Cr 10,832
    Operating Expenses Annual Cr 8,330
    Operating Profit Annual in Cr 2,196
    Depreciation Cr 242
    Interest Annual Cr 50
    Tax Annual Cr 558
    Net Profit Annual Cr 1,653
    IndicatorMar 2022
    Cash from Operating Activity Annual Cr 1,537
    Cash from Investing Activity Annual Cr -686
    Cash from Financing Annual Activity Cr -596
    Net Cash Flow Annual Cr 256
    IndicatorMar 2022
    Total ShareHolders Funds Annual Cr 5,473
    Fixed Assets Annual Cr 1,397
    Total Non Current Assets Annual Cr 2,085
    Total Current Assets Annual Cr 6,072
    Total Assets Annual Cr 8,157
    IndicatorMar 2022
    Book Value Per Share Annual Rs 332
    ROE Annual % 30
    ROCE Annual % 38
    Total Debt to Total Equity Annual -
    EBDIT Annual Margin % 24
    IndicatorSep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 3,4003,1212,897
    Operating Expenses Qtr Cr 2,7042,4632,289
    Operating Profit Qtr Cr 697658608
    Depreciation Qtr Cr 656060
    Interest Qtr Cr 141212
    Tax Qtr Cr 158154153
    Net Profit Qtr Cr 509472473
    IndicatorMar 2022
    Total Revenue Annual Cr 10,833
    Operating Expenses Annual Cr 8,330
    Operating Profit Annual in Cr 2,196
    Depreciation Cr 242
    Interest Annual Cr 50
    Tax Annual Cr 558
    Net Profit Annual Cr 1,653
    IndicatorMar 2022
    Cash from Operating Activity Annual Cr 1,537
    Cash from Investing Activity Annual Cr -686
    Cash from Financing Annual Activity Cr -596
    Net Cash Flow Annual Cr 255
    IndicatorMar 2022
    Total ShareHolders Funds Annual Cr 5,474
    Fixed Assets Annual Cr 924
    Total Non Current Assets Annual Cr 2,083
    Total Current Assets Annual Cr 6,074
    Total Assets Annual Cr 8,157
    IndicatorMar 2022
    Book Value Per Share Annual Rs 332
    ROE Annual % 30
    ROCE Annual % 38
    Total Debt to Total Equity Annual -
    EBDIT Annual Margin % 24
    Invest in Mindtree

    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 %
    Day
    Week
    1 Month
    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 168,930
    Sales 33,637
    Shares in Float 9.17
    No of funds 561
    Yield 1.4
    Book Value 10.56
    U/D Vol ratio 0.9
    LTDebt / Equity
    Alpha 0.05
    Beta 1

    MindTree

    Owner NameSep-23Jun-23Mar-23Dec-22
    Promoters 68.66%68.66%68.68%68.69%
    Mutual Funds 7.23%7.01%6.82%5.99%
    Insurance Companies 4.91%4.65%4.15%4.04%
    Foreign Portfolio Investors 8.11%8.21%8.41%9.21%
    Financial Institutions/ Banks 0.06%0.05%0.04%
    Individual Investors 7.48%7.77%8.13%8.43%
    Others 3.55%3.65%3.81%3.6%

    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

    MindTree MF Shareholding

    Name Amount(cr)
    HDFC Balanced Advantage Fund Growth 63,981
    Kotak Equity Arbitrage Fund Growth 28,958
    Mirae Asset Emerging Bluechip Fund Growth 28,104
    UTI Flexi Cap Fund Regular Plan Growth 24,370
    SBI Balanced Advantage Fund Regular Growth 24,344

    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 11 December, 2023 | 01:51

    What is the Market Cap of MindTree ?

    The Market Cap of MindTree is ₹56643.3 Cr As on 11 December, 2023 | 01:51

    What is the P/E ratio of MindTree ?

    The P/E ratio of MindTree is 30 As on 11 December, 2023 | 01:51

    What is the PB ratio of MindTree ?

    The PB ratio of MindTree is 10.3 As on 11 December, 2023 | 01:51

    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.

    Q2FY23

    More Information

    CIN: L67190MH2007PLC289249 | Stock Broker SEBI Regn.: INZ000010231 | SEBI RA Regn.: INH000004680 | SEBI Depository Regn.: IN DP CDSL: IN-DP-192-2016 | AMFI REGN No.: ARN-104096 | NSE Member id: 14300 | BSE Member id: 6363 | MCX Member ID: 55945 | Investment Adviser Regn No: INA000014252 | Registered Address - IIFL House, Sun Infotech Park, Road no. 16V, Plot no. B-23, MIDC, Thane Industrial Area, Waghle Estate, Thane, Maharashtra - 400604

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