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 45,666 - -
Change - -52.83% 66.75% -13.96% -38.35% 9.76% - -
Enterprise Value (EV) 1 99,714 48,988 79,801 66,815 36,428 37,181 33,520 29,254
Change - -50.87% 62.9% -16.27% -45.48% 2.07% -9.85% -12.73%
P/E 32x 16.1x 26.1x 18.1x 10.4x 10.8x 9.82x 8.59x
PBR 9.31x 2.79x 3.73x 2.74x - 1.39x 1.25x 1.16x
PEG - -2.02x 14.5x 0.8x 1.42x 2.03x 0.98x 0.6x
Capitalization / Revenue 4.57x 1.84x 2.57x 1.95x 1.12x 1.12x 1.04x 0.95x
EV / Revenue 4.57x 1.91x 2.61x 1.93x 0.98x 0.91x 0.76x 0.61x
EV / EBITDA 21.6x 10.7x 15.7x 12.2x 6.22x 6.08x 4.94x 3.91x
EV / EBIT 23.8x 12.6x 19.1x 14.2x 7.1x 6.88x 5.57x 4.31x
EV / FCF 42.1x 64.8x 20.5x 17.8x 7.09x 9.78x 7.81x 5.94x
FCF Yield 2.37% 1.54% 4.87% 5.61% 14.1% 10.2% 12.8% 16.8%
Dividend per Share 2 19 19 19 23 24 23.5 27.7 28.1
Rate of return 0.57% 1.23% 0.75% 1.05% 1.79% 1.6% 1.88% 1.91%
EPS 2 103.8 95.53 97.25 120.6 129.5 136.4 150 171.6
Distribution rate 18.3% 19.9% 19.5% 19.1% 18.5% 17.2% 18.5% 16.4%
Net sales 1 21,838 25,634 30,548 34,552 36,988 40,871 43,963 48,260
EBITDA 1 4,625 4,558 5,087 5,464 5,856 6,111 6,784 7,481
EBIT 1 4,196 3,885 4,188 4,713 5,130 5,403 6,020 6,790
Net income 1 2,951 2,930 3,003 3,759 4,040 4,267 4,684 5,355
Net Debt 1 - 1,949 1,364 -669.6 -5,177 -8,485 -12,146 -16,412
Reference price 2 3,321.80 1,541.00 2,543.00 2,181.15 1,342.20 1,472.80 1,472.80 1,472.80
Nbr of stocks (in thousands) 30,018 30,525 30,844 30,940 30,997 31,006 - -
Announcement Date 4/20/22 A 4/19/23 A 4/26/24 A 4/18/25 A 4/17/26 A - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.8x0.91x6.08x1.6% 483M
24.72x3.99x13.92x2.74% 234B
21.29x4.51x11.06x0.78% 183B
18.1x2.05x10.58x2.61% 157B
-107.09x14.66x80.63x-.--% 95B
-421.73x29.86x122.69x-.--% 87.07B
16.27x2.93x11.32x4.95% 95.55B
23.74x6.16x15.12x2.36% 72.27B
15.32x2.23x9.46x5.03% 50.04B
19.49x2.51x12x4.44% 40.97B
Average -37.91x 6.98x 29.29x 2.45% 101.46B
Weighted average by Cap. -29.12x 6.91x 28.01x 2.24%

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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