- Valuation
- ₹9,950 Cr
About Mastek
Mastek is a publicly listed company based in Mumbai (India) founded in 1982 by Sudhakar Ram, Ketan Mehta, Rad Sundar, and Ashank Desai. The company has 5,120 employees. Mastek has completed 6 acquisitions, including BizAnalytica, IndigoBlue and Meta Soft Tech Systems. Its chief executive is Hiral Chandrana. Its website mastek.com draws about 34 thousand monthly visits. Its Indian entity Mastek Limited reported revenue of βΉ3,478 Cr. Its focus areas include Business Services, IT Services and Suite. Its competitors include UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS and 5 more; 5 of its 10 listed competitors have raised funding.
Company details
Provider of IT services for businesses. It offers multiple services such as cloud migration, data, automation, AI, salesforce and more.
Recognitions & Rankings of Mastek
- Headquarters Mumbai, India
- Employees 5,120
- Founders Sudhakar Ram, Ketan Mehta, Rad Sundar, Ashank Desai
- Stage Public
- SectorsTechnology
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website mastek.com
- Social LinkedIn X Facebook
- Legal Name Mastek Limited
- Market Cap₹5,677 Cr
MASTEK · NSE
- Share Price₹1,808.40
-1.22% today
- Revenue₹3,699 Cr
FY 2025-26 · +7.1% YoY
- EBITDA₹555 Cr
Margin 15.0%
- Net Profit₹417 Cr
FY 2025-26 · +16.1% YoY
- P/E (TTM)12.9x
P/B 1.9x
- ROE14.8%
ROCE 16.7%
- Debt / Equity0.19
Interest cover 6.6x
- Employee Count5,120
- Investments & AcquisitionsBizAnalytica
& 5 more
Associated legal entities of Mastek
Mastek is associated with 2 registered companies on The Company Check; the primary company is Mastek Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mastek Limited Listed CIN L74140GJ1982PLC005215 | Active | 14 May 1982 | Ahmedabad, Gujarat | ₹3,478 Cr | 1,502 | 9 | View details |
| Mastek Enterprise Solutions Private Limited CIN U51505GJ1999PTC112745 | Amalgamated | 05 Mar 1999 | Ahmedabad, Gujarat | ₹417 Cr | 210 | 4 | View details |
Board of directors of Mastek Limited (Mastek)
Mastek Limited is the primary company behind Mastek. The boards of the 2 registered companies of Mastek currently have 7 directors; the longest-serving is Ashank Datta Desai, appointed in 2016. 38 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashank Datta Desai DIN 00017767 | Director | 23 Dec 2016 | 9 yrs 9 mo | Mastek Enterprise Solutions Private Limited, Mastek Limited |
| Ketan Mehta DIN 00129188 | Director | 29 Dec 2020 | 5 yrs 9 mo | Mastek Limited |
| Rajeev Kumar Grover DIN 00058165 | Director | 01 Oct 2021 | 5 yrs | Mastek Enterprise Solutions Private Limited, Mastek Limited |
| Suresh Choithram Vaswani DIN 02176528 | Director | 11 Dec 2022 | 3 yrs 10 mo | Mastek Limited |
| Prameela Nagamalathi Kalive DIN 07892295 | Director | 12 Apr 2023 | 3 yrs 6 mo | Mastek Enterprise Solutions Private Limited |
| Umang Tejkaran Nahata DIN 00323145 | Whole-time director | 19 Jul 2023 | 3 yrs 3 mo | Mastek Limited |
| Marilyn Frances Jones DIN 10301799 | Director | 05 Sep 2023 | 3 yrs 1 mo | Mastek Limited |
People of Mastek
142 people are tracked at Mastek (67 in leadership, 3 in board & advisors, 72 in team); the tracked headcount is 5,120.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Rad Sundar | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Hiral Chandrana | CEO | Leadership |
Vijay Iyer | President, Americas | Leadership |
Arun Agarwal | Vice President, Finance | Leadership |
Ajit Singh | Chief Revenue Officer, Mastek Americas | Leadership |
Raman Sapra | President, Mastek Americas | Leadership |
Abhishek Singh | President, UK & Europe | Leadership |
Ritwik Batabyal | CTO & Innovation Officer | Leadership |
Prajakta Talvelkar | Chief Marketing Officer | Leadership |
Vimal Dangri | Chief Legal & Compliance Officer | Leadership |
Gurtej Singh Vaid | Vice President Sales | Leadership |
Jean-Paul Rijntjes | Sales Director DACH & Benelux | Leadership |
R Sundar | Founder | Leadership |
Sivakumar Shanmugam | Senior Client Partner | Leadership |
Denise Walker | Business Development Director, SGS | Leadership |
| COO | Leadership | |
Abdelhadi Asha | Vice President | Leadership |
122 more people are available in the full profile.
Complete people profiles for Mastek
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Mastek
Mastek is a publicly listed company on the NSE with ticker symbol MASTEK in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date10 May 1995
- Listed onNSE: MASTEK
- Listed entityMastek Limited
- Exchange sectorTechnology services
- ISININE759A01021
- Share price₹1,726.20 (+0.61% on the day) · 2026-10-14
- Market capitalisation₹5,313 Cr
- Price to earnings12.9
- EPS (diluted, trailing year)₹133.89
- Dividend yield1.4%
- Volume (last session)81,501
Financials of Mastek
Exchange-reported figures of Mastek Limited, the listed company behind Mastek (NSE: MASTEK).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,699 | 3,455 | 3,055 | 2,563 | 2,184 | 1,722 | 1,071 |
| Revenue growth | +7.1% | +13.1% | +19.2% | +17.4% | +26.8% | +60.7% | - |
| EBITDA | 555 | 364 | 505 | 438 | 463 | 364 | 129 |
| EBITDA margin | +15.0% | +10.5% | +16.5% | +17.1% | +21.2% | +21.2% | +12.1% |
| Profit before tax | 521 | 459 | 386 | 427 | 448 | 339 | 144 |
| Net profit | 417 | 359 | 300 | 273 | 283 | 204 | 121 |
| Net profit margin | +11.3% | +10.4% | +9.8% | +10.7% | +13.0% | +11.8% | +11.3% |
| EPS (βΉ) | 130.32 | 121.50 | 97.37 | 96.01 | 98.31 | 82.94 | 44.84 |
| Balance sheet | |||||||
| Total assets | 3,516 | 3,098 | 2,745 | 2,488 | 1,689 | 1,622 | 1,503 |
| Net worth | 2,992 | 2,462 | 2,087 | 1,683 | 1,071 | 859 | 790 |
| Total debt | 438 | 583 | 519 | 404 | 203 | 273 | 335 |
| Cash & bank | 705 | 461 | 383 | 208 | 727 | 608 | 221 |
| Net working capital | 1,103 | 914 | 560 | 562 | 682 | 517 | 327 |
| Cash flow | |||||||
| Cash from operations | 542 | 396 | 420 | 108 | 273 | 287 | 184 |
| Cash from investing | 1.87 | (260) | (249) | (719) | (26.02) | 218 | (262) |
| Cash from financing | (300) | (56.85) | 1.83 | 92.57 | (128) | (118) | 205 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 985 | 938 | 906 | 940 | 915 | 905 | 870 | 867 |
| Revenue growth (YoY) | +7.7% | +3.6% | +4.2% | +8.4% | +12.5% | - | - | - |
| Other income | 12.03 | 23.87 | 20.89 | 15.09 | 10.56 | 3.58 | 13.45 | 16.80 |
| EBITDA | 151 | 127 | 146 | 146 | 137 | 131 | 141 | 143 |
| EBITDA margin | +15.4% | +13.5% | +16.1% | +15.5% | +15.0% | +14.4% | +16.2% | +16.5% |
| Depreciation | 18.34 | 18.47 | 17.85 | 17.87 | 18.42 | 18.66 | 16.55 | 19.85 |
| Interest | 6.59 | 7.19 | 7.44 | 8.63 | 8.76 | 9.62 | 11.86 | 11.14 |
| Profit before tax | 138 | 125 | 141 | 134 | 121 | 106 | 126 | 129 |
| Tax | 32.58 | 19.08 | 32.84 | 36.65 | 28.65 | 24.85 | 30.98 | 0.27 |
| Net profit | 106 | 106 | 108 | 97.45 | 92.05 | 81.07 | 94.71 | 129 |
| EPS (βΉ) | 33.93 | 34.01 | 34.71 | 31.24 | 29.50 | 26.01 | 30.35 | 41.22 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 918 | 939 | 434 | 313 | 257 | 187 | 163 |
| Revenue growth | -2.3% | +116.3% | +38.6% | +22.1% | +37.2% | +14.5% | - |
| EBITDA | 123 | 126 | 69.40 | 47.11 | 33.84 | 10.46 | (3.45) |
| EBITDA margin | +13.4% | +13.4% | +16.0% | +15.0% | +13.2% | +5.6% | -2.1% |
| Profit before tax | 232 | 179 | 127 | 166 | 95.87 | 36.37 | 33.83 |
| Net profit | 220 | 163 | 120 | 83.31 | 63.86 | 17.32 | 28.09 |
| Net profit margin | +24.0% | +17.3% | +27.6% | +26.6% | +24.9% | +9.3% | +17.2% |
| EPS (βΉ) | 65.30 | 45.36 | 38.98 | 43.30 | 25.69 | 7.48 | 11.31 |
| Balance sheet | |||||||
| Total assets | 958 | 814 | 932 | 759 | 627 | 508 | 284 |
| Net worth | 868 | 749 | 849 | 743 | 602 | 480 | 269 |
| Total debt | 9.75 | 13.38 | 54.47 | 2.94 | 3.21 | 2.23 | 1.60 |
| Cash & bank | 25.90 | 17.09 | 27.13 | 7.48 | 49.06 | 24.44 | 20.82 |
| Net working capital | 242 | 164 | 34.73 | 0.92 | 51.01 | (48.16) | 17.66 |
| Cash flow | |||||||
| Cash from operations | 85.16 | 103 | 81.58 | 54.07 | 15.23 | 22.76 | 15.78 |
| Cash from investing | 3.57 | (14.27) | (68.68) | (7.34) | 21.58 | (12.55) | 22.67 |
| Cash from financing | (79.68) | (113) | (12.75) | (55.51) | (45.04) | (6.46) | (29.99) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 221 | 245 | 226 | 218 | 229 | 234 | 233 | 245 |
| Revenue growth (YoY) | -3.3% | +4.7% | -3.2% | -10.9% | +0.8% | - | - | - |
| Other income | 5.77 | 37.05 | 14.44 | 58.37 | 25.59 | 33.91 | 6.52 | 59.66 |
| Total expenses | 192 | 219 | 199 | 187 | 190 | 230 | 216 | 203 |
| EBITDA | 29.41 | 26.05 | 26.87 | 31.73 | 38.57 | 3.31 | 16.97 | 42.35 |
| EBITDA margin | +13.3% | +10.7% | +11.9% | +14.5% | +16.8% | +1.4% | +7.3% | +17.3% |
| Depreciation | 6.67 | 6.48 | 6.39 | 6.08 | 6.69 | 6.62 | 4.35 | 7.54 |
| Interest | 0.30 | 0.31 | 0.34 | 0.37 | 0.38 | 0.45 | 1.23 | 1.55 |
| Profit before tax | 28.21 | 56.31 | 34.58 | 83.65 | 57.09 | 30.15 | 17.91 | 92.92 |
| Tax | 7.41 | (0.85) | 6.39 | 8.45 | 15.20 | 10.05 | 4.25 | 14.50 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 985 | 938 | 906 | 940 | 915 | 905 | 870 | 867 |
| Revenue growth (YoY) | +7.7% | +3.6% | +4.2% | +8.4% | +12.5% | - | - | - |
| Other income | 12.03 | 23.87 | 20.89 | 15.09 | 10.56 | 3.58 | 13.45 | 16.80 |
| EBITDA | 151 | 127 | 146 | 146 | 137 | 131 | 141 | 143 |
| EBITDA margin | +15.4% | +13.5% | +16.1% | +15.5% | +15.0% | +14.4% | +16.2% | +16.5% |
| Depreciation | 18.34 | 18.47 | 17.85 | 17.87 | 18.42 | 18.66 | 16.55 | 19.85 |
| Interest | 6.59 | 7.19 | 7.44 | 8.63 | 8.76 | 9.62 | 11.86 | 11.14 |
| Profit before tax | 138 | 125 | 141 | 134 | 121 | 106 | 126 | 129 |
| Tax | 32.58 | 19.08 | 32.84 | 36.65 | 28.65 | 24.85 | 30.98 | 0.27 |
| Net profit | 106 | 106 | 108 | 97.45 | 92.05 | 81.07 | 94.71 | 129 |
| EPS (βΉ) | 33.93 | 34.01 | 34.71 | 31.24 | 29.50 | 26.01 | 30.35 | 41.22 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,699 | 3,455 | 3,055 | 2,563 | 2,184 | 1,722 | 1,071 |
| Revenue growth | +7.1% | +13.1% | +19.2% | +17.4% | +26.8% | +60.7% | - |
| Other income | 70.41 | 212 | 16.01 | 81.06 | 36.08 | 27.91 | 43.24 |
| Total expenses | 3,143 | 3,091 | 2,550 | 2,125 | 1,721 | 1,357 | 942 |
| Employee cost | 1,973 | 1,859 | 1,671 | 1,377 | 1,095 | 883 | 584 |
| EBITDA | 555 | 364 | 505 | 438 | 463 | 364 | 129 |
| EBITDA margin | +15.0% | +10.5% | +16.5% | +17.1% | +21.2% | +21.2% | +12.1% |
| Depreciation | 72.61 | 75.12 | 89.91 | 67.37 | 42.87 | 44.95 | 24.89 |
| Interest | 32.02 | 42.06 | 44.47 | 24.72 | 7.68 | 8.10 | 3.62 |
| Profit before tax | 521 | 459 | 386 | 427 | 448 | 339 | 144 |
| Tax | 117 | 83.23 | 75.22 | 117 | 115 | 87.58 | 30.27 |
| Net profit | 417 | 359 | 300 | 273 | 283 | 204 | 121 |
| Net profit margin | +11.3% | +10.4% | +9.8% | +10.7% | +13.0% | +11.8% | +11.3% |
| EPS (βΉ) | 130.32 | 121.50 | 97.37 | 96.01 | 98.31 | 82.94 | 44.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 15.50 | 15.47 | 15.42 | 15.26 | 15.01 | 12.62 | 12.14 |
| Reserves & surplus | 2,976 | 2,447 | 2,072 | 1,668 | 1,056 | 846 | 778 |
| Shareholders' funds (net worth) | 2,992 | 2,462 | 2,087 | 1,683 | 1,071 | 859 | 790 |
| Minority interest | 0.00 | 0.00 | 0.00 | 91.10 | 150 | 182 | 137 |
| Secured loans | 421 | 555 | 487 | 372 | 190 | 260 | 335 |
| Unsecured loans | 16.87 | 27.96 | 32.41 | 32.56 | 12.57 | 12.83 | 0.00 |
| Total debt | 438 | 583 | 519 | 404 | 203 | 273 | 335 |
| Total liabilities | 3,516 | 3,098 | 2,745 | 2,488 | 1,689 | 1,622 | 1,503 |
| Assets | |||||||
| Gross block | 2,434 | 2,258 | 2,313 | 2,056 | 1,097 | 1,023 | 1,072 |
| Net block | 1,938 | 1,818 | 1,950 | 1,740 | 841 | 807 | 857 |
| Capital work in progress | 1.68 | 1.98 | 0.94 | 6.66 | 4.35 | 1.54 | 1.67 |
| Investments | 234 | 178 | 93.81 | 68.71 | 65.60 | 234 | 276 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 580 | 525 | 561 | 507 | 436 | 375 | 316 |
| Cash & bank balances | 705 | 461 | 383 | 208 | 727 | 608 | 221 |
| Loans & advances | 595 | 634 | 523 | 469 | 298 | 189 | 174 |
| Total current assets | 1,880 | 1,620 | 1,467 | 1,184 | 1,460 | 1,172 | 711 |
| Total current liabilities | 777 | 706 | 906 | 623 | 778 | 656 | 384 |
| Net working capital | 1,103 | 914 | 560 | 562 | 682 | 517 | 327 |
| Total assets | 3,516 | 3,098 | 2,745 | 2,488 | 1,689 | 1,622 | 1,503 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 461 | 381 | 208 | 727 | 608 | 220 | 92.95 |
| Net cash from operating activities | 542 | 396 | 420 | 108 | 273 | 287 | 184 |
| Net cash from investing activities | 1.87 | (260) | (249) | (719) | (26.02) | 218 | (262) |
| Net cash from financing activities | (300) | (56.85) | 1.83 | 92.57 | (128) | (118) | 205 |
| Net change in cash | 244 | 79.64 | 173 | (519) | 119 | 387 | 127 |
| Closing cash | 705 | 461 | 383 | 208 | 727 | 608 | 221 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +7.1% | +13.1% | +19.2% | +17.4% | +26.8% | +60.7% | - |
| EBITDA growth | +52.6% | -27.9% | +15.1% | -5.2% | +26.9% | +181.8% | - |
| PBT growth | +13.5% | +18.9% | -9.6% | -4.6% | +32.0% | +135.5% | +8.0% |
| Net income growth | +16.1% | +19.5% | +10.0% | -3.5% | +39.1% | +67.5% | - |
| Revenue CAGR (3Y) | +13.0% | +16.5% | +21.1% | +33.7% | +28.3% | +28.2% | +24.1% |
| EBITDA CAGR (3Y) | +8.2% | -7.7% | +11.5% | +50.2% | +59.7% | +54.1% | +42.0% |
| Profitability & leverage | |||||||
| Net income margin | +10.9% | +10.9% | +10.2% | +12.1% | +15.3% | +14.6% | +10.6% |
| Return on capital employed | +16.7% | +17.2% | +16.8% | +23.0% | +30.6% | +24.8% | +15.3% |
| Return on net worth | +14.8% | +16.5% | +16.5% | +22.5% | +34.6% | +30.5% | +16.8% |
| Debt / equity | 0.19 | 0.24 | 0.24 | 0.22 | 0.25 | 0.37 | 0.27 |
| Long-term debt / equity | 0.12 | 0.16 | 0.17 | 0.15 | 0.17 | 0.27 | 0.21 |
| Interest cover | 6.63 | 14.56 | 10.72 | 6.66 | 1.83 | 2.54 | 3.47 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.58 | 1.51 | 1.40 | 1.63 | 2.06 | 1.64 | 1.51 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 6.70 | 6.36 | 5.72 | 5.44 | 5.39 | 4.99 | 4.09 |
| EPS (βΉ) | 130.32 | 121.50 | 97.37 | 96.01 | 98.31 | 82.94 | 44.84 |
| Dividend per share (βΉ) | 24.00 | 23.00 | 19.00 | 19.00 | 19.00 | 14.50 | 8.00 |
| Book value per share (βΉ) | 965.11 | 795.84 | 676.85 | 551.58 | 356.88 | 340.15 | 325.56 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 221 | 245 | 226 | 218 | 229 | 234 | 233 | 245 |
| Revenue growth (YoY) | -3.3% | +4.7% | -3.2% | -10.9% | +0.8% | - | - | - |
| Other income | 5.77 | 37.05 | 14.44 | 58.37 | 25.59 | 33.91 | 6.52 | 59.66 |
| Total expenses | 192 | 219 | 199 | 187 | 190 | 230 | 216 | 203 |
| EBITDA | 29.41 | 26.05 | 26.87 | 31.73 | 38.57 | 3.31 | 16.97 | 42.35 |
| EBITDA margin | +13.3% | +10.7% | +11.9% | +14.5% | +16.8% | +1.4% | +7.3% | +17.3% |
| Depreciation | 6.67 | 6.48 | 6.39 | 6.08 | 6.69 | 6.62 | 4.35 | 7.54 |
| Interest | 0.30 | 0.31 | 0.34 | 0.37 | 0.38 | 0.45 | 1.23 | 1.55 |
| Profit before tax | 28.21 | 56.31 | 34.58 | 83.65 | 57.09 | 30.15 | 17.91 | 92.92 |
| Tax | 7.41 | (0.85) | 6.39 | 8.45 | 15.20 | 10.05 | 4.25 | 14.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 918 | 939 | 434 | 313 | 257 | 187 | 163 |
| Revenue growth | -2.3% | +116.3% | +38.6% | +22.1% | +37.2% | +14.5% | - |
| Other income | 135 | 84.38 | 72.25 | 132 | 74.99 | 37.28 | 48.86 |
| Total expenses | 794 | 813 | 365 | 266 | 223 | 177 | 167 |
| Employee cost | 625 | 647 | 298 | 213 | 188 | 141 | 124 |
| EBITDA | 123 | 126 | 69.40 | 47.11 | 33.84 | 10.46 | (3.45) |
| EBITDA margin | +13.4% | +13.4% | +16.0% | +15.0% | +13.2% | +5.6% | -2.1% |
| Depreciation | 25.64 | 26.30 | 13.50 | 13.03 | 12.42 | 10.79 | 11.13 |
| Interest | 1.40 | 4.82 | 1.09 | 0.44 | 0.54 | 0.58 | 0.45 |
| Profit before tax | 232 | 179 | 127 | 166 | 95.87 | 36.37 | 33.83 |
| Tax | 29.19 | 38.86 | 6.85 | 33.51 | 18.76 | 17.50 | 6.38 |
| Net profit | 220 | 163 | 120 | 83.31 | 63.86 | 17.32 | 28.09 |
| Net profit margin | +24.0% | +17.3% | +27.6% | +26.6% | +24.9% | +9.3% | +17.2% |
| EPS (βΉ) | 65.30 | 45.36 | 38.98 | 43.30 | 25.69 | 7.48 | 11.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 15.50 | 15.47 | 15.42 | 15.26 | 15.01 | 12.62 | 12.14 |
| Reserves & surplus | 852 | 734 | 834 | 727 | 587 | 467 | 257 |
| Shareholders' funds (net worth) | 868 | 749 | 849 | 743 | 602 | 480 | 269 |
| Secured loans | 3.53 | 4.25 | 49.58 | 2.71 | 2.63 | 1.34 | 0.47 |
| Unsecured loans | 6.22 | 9.13 | 4.89 | 0.23 | 0.58 | 0.89 | 1.13 |
| Total debt | 9.75 | 13.38 | 54.47 | 2.94 | 3.21 | 2.23 | 1.60 |
| Total liabilities | 958 | 814 | 932 | 759 | 627 | 508 | 284 |
| Assets | |||||||
| Gross block | 258 | 266 | 196 | 181 | 181 | 171 | 199 |
| Net block | 84.92 | 89.93 | 66.46 | 32.99 | 35.29 | 35.60 | 40.03 |
| Capital work in progress | 1.39 | 1.97 | 0.91 | 4.33 | 4.28 | 1.54 | 1.67 |
| Investments | 572 | 502 | 781 | 674 | 491 | 484 | 174 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 315 | 226 | 63.02 | 37.57 | 56.52 | 44.76 | 25.61 |
| Cash & bank balances | 25.90 | 17.09 | 27.13 | 7.48 | 49.06 | 24.44 | 20.82 |
| Loans & advances | 63.09 | 71.11 | 33.69 | 31.62 | 32.66 | 24.24 | 23.26 |
| Total current assets | 404 | 315 | 124 | 76.67 | 138 | 93.44 | 69.69 |
| Total current liabilities | 161 | 151 | 89.11 | 75.75 | 87.23 | 142 | 52.03 |
| Net working capital | 242 | 164 | 34.73 | 0.92 | 51.01 | (48.16) | 17.66 |
| Total assets | 958 | 814 | 932 | 759 | 627 | 508 | 284 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 16.04 | 40.30 | 11.81 | 15.70 | 23.93 | 20.18 | 11.72 |
| Net cash from operating activities | 85.16 | 103 | 81.58 | 54.07 | 15.23 | 22.76 | 15.78 |
| Net cash from investing activities | 3.57 | (14.27) | (68.68) | (7.34) | 21.58 | (12.55) | 22.67 |
| Net cash from financing activities | (79.68) | (113) | (12.75) | (55.51) | (45.04) | (6.46) | (29.99) |
| Net change in cash | 9.05 | (24.26) | 0.15 | (8.78) | (8.23) | 3.75 | 8.46 |
| Closing cash | 25.90 | 17.09 | 27.13 | 7.48 | 49.06 | 24.44 | 20.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -2.3% | +116.3% | +38.6% | +22.1% | +37.2% | +14.5% | - |
| EBITDA growth | -2.2% | +81.5% | +47.3% | +39.2% | +223.5% | +403.2% | - |
| PBT growth | +29.3% | +41.0% | -23.3% | +72.8% | +163.6% | +7.5% | -13.6% |
| Net income growth | +35.5% | +35.8% | +43.7% | +30.5% | +268.7% | -38.3% | - |
| Revenue CAGR (3Y) | +43.1% | +54.1% | +32.4% | +24.2% | +10.7% | +4.9% | -1.2% |
| EBITDA CAGR (3Y) | +37.8% | +55.0% | +87.9% | - | +26.0% | -12.3% | - |
| Profitability & leverage | |||||||
| Net income margin | +22.1% | +14.9% | +27.7% | +42.2% | +30.0% | +10.1% | +16.8% |
| Return on capital employed | +26.3% | +24.4% | +15.2% | +14.9% | +13.8% | +9.3% | +12.3% |
| Return on net worth | +25.0% | +20.3% | +15.1% | +12.4% | +11.8% | +5.0% | +10.4% |
| Debt / equity | 0.01 | 0.04 | 0.04 | 0.00 | 0.01 | 0.01 | 0.01 |
| Long-term debt / equity | 0.01 | 0.04 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 1.43 | 4.84 | 1.95 | 1.29 | 2.52 | -175.76 | -3.09 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.50 | 4.06 | 2.30 | 1.73 | 1.46 | 1.01 | 0.82 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 3.39 | 6.49 | 8.63 | 6.66 | 5.07 | 5.32 | 5.32 |
| EPS (βΉ) | 65.30 | 45.36 | 38.98 | 43.30 | 25.69 | 7.48 | 11.31 |
| Dividend per share (βΉ) | 24.00 | 23.00 | 19.00 | 19.00 | 19.00 | 14.50 | 8.00 |
| Book value per share (βΉ) | 279.95 | 242.12 | 275.43 | 243.36 | 200.46 | 190.03 | 110.84 |
Investments & Acquisitions by Mastek
Mastek has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include BizAnalytica, IndigoBlue and Meta Soft Tech Systems.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of data analytics, business intelligence, cloud computing, support, and managed services | bizanalytica.com | Londonderry, United Kingdom | 2017 | Jul 2023 | β’β’β’β’ | |
Website development, cloud, and managed IT services are provided. | metasts.com | Tiruchirappalli, India | 2013 | Jul 2022 | $3.4M | |
IT service suite solutions and digital marketing services are provided. | mstsolutions.com | Chandler, United States | 2012 | Jul 2022 | β’β’β’β’ | |
IT service suite solutions and staffing services are provided. | metasoftsolutions.com | Hyderabad, India | 2000 | Jul 2022 | $3.4M | |
Escrow services for secure domain name transfers are offered. | indigoblue.co.uk | London, United Kingdom | 2002 | May 2015 | β’β’β’β’ | |
Policy administration software is offered for insurance products. | segsoftware.com | Glastonbury, United States | 2002 | Dec 2010 | β’β’β’β’ |
Complete acquisition details for Mastek
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Timeline of Mastek
8 dated milestones of Mastek across 41 years, from founding to its latest funding, stage changes and deals.
- Founded Mastek is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires SEG Software.
- Acquisition Acquires IndigoBlue.
- Acquisition Acquires Metasoft Solutions.
- Acquisition Acquires MetaSoftTech Solutions.
- Acquisition Acquires Meta Soft Tech Systems.
- Acquisition Acquires BizAnalytica.
Competitors of Mastek
Mastek has 10 listed competitors in our database, 5 of them funded. They include UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ust.com.tw | 1998 | Taiwan | – | – | High-quality office furniture is provided by UST for various needs. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| reply.com | 1996 | Turin, Italy | $24.33M | – | AI, cloud, and blockchain services are provided globally. | |
| globant.com | 2003 | Buenos Aires, Argentina | $30M | 564 | IT and digital transformation services are delivered to various industries. | |
| ionos.com | 1988 | Chesterbrook, United States | – | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | |
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| accenture.com | 1989 | Dublin, Ireland | – | 29 | IT and management consultancy services are provided globally. | |
| persistent.com | 1990 | Pune, India | $18.8M | 20,909 | IT consulting, data analytics, and digital transformation services are provided. | |
| epam.com | 1993 | Newtown Square, United States | $50M | – | Provider of software development, data analytics, and other IT suite services | |
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. |
Detailed competitors of Mastek
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Web traffic of Mastek
The website of Mastek (mastek.com) receives about 33.9K visits a month.
- Monthly visits33.9K
▲ 17.4% vs previous month
Websites whose visitors overlap most with Mastek. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| wipro.com | 100% | 2.1M | #21,924 | View details | |
rhombustechnologies.com | rhombustechnologies.com | 100% | – | – | β |
| spinetechnologies.com | 98% | 8.6K | #2,549,383 | View details | |
| dreamsoftindia.com | 94% | – | – | View details | |
| aftek.com | 86% | 1.4K | #10,516,362 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 40 similar websites and full traffic analytics for Mastek
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Top companies in IT Services & Operations
10 companies that operate in the same segment as Mastek (IT Services & Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | 1,898 | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 5,196 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | 7,596 | |
IT outsourcing services are delivered across multiple business lines. | 2011 | Bengaluru, Karnataka, India | USD 64.83 M | USD 246.74 M | 5,260 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 |
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Related news about Mastek
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Frequently Asked Questions about Mastek
Mastek was founded in 1982.
Mastek is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Hiral Chandrana is the current CEO of Mastek.
Mastek has 5,120 employees.
The primary company behind Mastek, Mastek Limited, reported revenue of βΉ3,478 Cr for FY 2025, up 13% year on year.
Provider of IT services for businesses. It offers multiple services such as cloud migration, data, automation, AI, salesforce and more.
Mastek's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
Yes, Mastek is publicly traded on NSE under the ticker symbol MASTEK.
Mastek has made 6 acquisitions, including BizAnalytica, IndigoBlue, and Meta Soft Tech Systems.
Mastek is associated with 2 legal entities: Mastek Limited, Mastek Enterprise Solutions Private Limited.
The legal entities of Mastek currently have 10 directors, including Ashank Datta Desai, Prameela Nagamalathi Kalive, Rajeev Kumar Grover and others.

