- Valuation
- ₹9,950 Cr

About Mastek Limited
Data last updated:
Mastek Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 14 May 1982 and has been in existence for over 44 years.
Mastek is part of the BSE 500 index.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L74140GJ1982PLC005215. Its GSTIN is 27AAACM9908Q1ZQ (Maharashtra). The company holds 9 GST registrations, of which 3 are active. Its shares are listed on BSE: 523704 and NSE: MASTEK.
The company has an authorised share capital of ₹40.85 Cr and a paid-up capital of ₹15.5 Cr. It was formerly known as Management and Software Technology Private Limited. It is led by directors including Umang Tejkaran Nahata (Whole-Time Director) and Suresh Choithram Vaswani.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 804/805 President Houseopp C N Vidyalaya Nr Ambawadi Circle, Ahmedabad, Gujarat, India – 380006.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,698.75 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹416.77 Cr (net margin 11.3%) and EBITDA of ₹555.44 Cr (EBITDA margin 15%). The net worth stands at ₹2,991.85 Cr (up 21.5% YoY). Total assets are valued at ₹3,515.68 Cr (up 13.5% YoY).
The company has about 1,502 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Mastek. As per MCA filings, the company has open charges of ₹344.55 Cr and satisfied charges of ₹356.97 Cr on record. Court records list 120 cases involving the company, including 60 filed by the company and 59 filed against it; 37 cases are pending. The company has 129 deals on record (121 market trades, 4 secondary share transfers, 4 funding rounds), with disclosed funding of ₹208.86 Cr; the latest was in July 2025. Its 10 peer companies in the Information Technology industry (IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is Raju Vegesna Infotech and Industries Private Limited with revenue of ₹4,062.93 Cr. The company has 2 MSME Form 1 returns on record between 2018 and 2019, listing 10 overdue payments to 6 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mastek.com.
CIN History of Mastek Limited
Mastek has one previous CIN (Corporate Identification Number): U74140GJ1982PLC005215. The current CIN is L74140GJ1982PLC005215, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74140GJ1982PLC005215 | Current |
| U74140GJ1982PLC005215 | Previous |
Recognitions & Rankings of Mastek
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address804/805 President Houseopp C N Vidyalaya Nr Ambawadi Circle, Ahmedabad, Gujarat, India – 380006
- IndustryInformation Technology, IT Consulting & Support Services
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Associated Brands with Mastek Limited
Mastek operates one associated brand: Mastek. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of IT services for businesses | mastek.com |
Business Activity of Mastek Limited
The main business activity of Mastek is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mastek Limited FY 2025-26 filings available
Mastek Limited reported revenue of ₹3,698.75 Cr (up 7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · 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 (₹) | 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 (₹) | 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 (₹) | 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 (₹) | 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 (₹) | 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 (₹) | 130.32 | 121.50 | 97.37 | 96.01 | 98.31 | 82.94 | 44.84 |
| Dividend per share (₹) | 24.00 | 23.00 | 19.00 | 19.00 | 19.00 | 14.50 | 8.00 |
| Book value per share (₹) | 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 (₹) | 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 (₹) | 65.30 | 45.36 | 38.98 | 43.30 | 25.69 | 7.48 | 11.31 |
| Dividend per share (₹) | 24.00 | 23.00 | 19.00 | 19.00 | 19.00 | 14.50 | 8.00 |
| Book value per share (₹) | 279.95 | 242.12 | 275.43 | 243.36 | 200.46 | 190.03 | 110.84 |
Board of Directors of Mastek Limited
Mastek has 6 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Choithram Vaswani Also directs: Wyser Venture Partners LLP, Vodafone Idea Limited, Icici Prudential Life Insurance Company Limited and 1 more | Director | 11 Dec 2022 | 3 Years 10 Months | Current |
| Ashank Datta Desai | Director | 06 Jun 1982 | 44 Years 4 Months | Current |
| Ketan Mehta | Director | 29 Dec 2020 | 5 Years 9 Months | Current |
| Rajeev Kumar Grover Also directs: Exempserv Professional Services Private Limited | Director | 28 Jan 2020 | 6 Years 8 Months | Current |
| Marilyn Frances Jones | Director | 05 Sep 2023 | 3 Years 1 Months | Current |
| Umang Tejkaran Nahata Also directs: Orange Orbit LLP, Evolutionary Systems Private Limited, Evosys Consultancy Services Private Limited and 2 more | Whole-Time Director | 19 Jul 2023 | 3 Years 3 Months | Current |
Peer Comparison of Mastek Limited
Mastek Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Raju Vegesna Infotech and Industries Private Limited | ₹4,062.93 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Chennai, Tamil Nadu, India |
| Sify Technologies Limited | ₹4,041.47 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Chennai, Tamil Nadu, India |
| Siemens Technology and Services Private Limited | ₹3,856.11 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Mumbai, Maharashtra, India |
| Oracle Solution Services (India) Private Limited | ₹3,701.1 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bengaluru, Karnataka, India |
| Mastek Limited this company | ₹3,698.75 Cr (FY 2026) | •••• | •••• | 7.0% | •••• | Ahmedabad, Gujarat, India |
| Bny Mellon International Operations (India) Private Limited | ₹3,506 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Pune, Maharashtra, India |
| BT E-Serv (India) Private Limited | ₹3,466.3 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | New Delhi, Delhi, India |
| Synechron Technologies Private Limited | ₹3,360.94 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Pune, Maharashtra, India |
| Maersk Global Service Centres (India) Private Limited | ₹3,342.14 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Navi Mumbai, Maharashtra, India |
| Itc Infotech India Limited | ₹3,332.67 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Kolkata, West Bengal, India |
| Netmagic Solutions Private Limited | ₹3,324.82 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Mastek by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mastek Limited
Mastek Limited is audited by WALKER CHANDIOK & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| WALKER CHANDIOK & CO LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Shareholding Pattern of Mastek Limited
Shareholding for the quarter ended Sep 2026: promoters hold 35.80%, foreign institutional investors hold 7.40%, domestic institutional investors hold 19.90% and retail and other public shareholders hold 36.90%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 35.80% | 35.80% | 35.80% | 35.80% |
| Public | 64.20% | 64.20% | 64.20% | 64.20% |
Charges & Borrowings of Mastek Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Feb 2026 | Citi Bank N.A. | ₹270.81 Cr | Open |
| 16 Dec 2025 | Hdfc Bank Limited | ₹27.9 Lakh | Open |
| 21 Nov 2025 | Hdfc Bank Limited | ₹10.19 Lakh | Open |
| 29 Oct 2025 | Hdfc Bank Limited | ₹11.03 Lakh | Open |
| 17 May 2025 | Hdfc Bank Limited | ₹20.27 Lakh | Open |
Total charge records: 53 View all charges
Deals & Funding of Mastek Limited
Mastek Limited has 129 deals on record (121 market trades, 4 secondary share transfers, 4 funding rounds), with disclosed funding of ₹208.86 Cr; the latest was in July 2025.
Deals on record (5 of 129)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Market trade | ₹151.61 Cr | Buyer: Graviton Research Capital LLP , Musigma Securities Seller: Graviton Research Capital LLP , Musigma Securities |
| Apr 2025 | Market trade | ₹72.88 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Apr 2025 | Market trade | ₹131.15 Cr | Buyer: Graviton Research Capital LLP , NK Securities Research Private Limited Seller: Graviton Research Capital LLP , NK Securities Research Private Limited |
| Mar 2025 | Market trade | ₹131.26 Cr | Buyer: Graviton Research Capital LLP , NK Securities Research Private Limited Seller: Graviton Research Capital LLP , NK Securities Research Private Limited |
| Oct 2024 | Market trade | ₹148.49 Cr | Buyer: Aalidhra Textool Engineers Private Limited Seller: Smallcap World Fund Inc |
Full deal history
All 129 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Mastek Limited
Mastek Limited has 120 court cases on record: 60 filed by Mastek, 59 filed against it, 1 where it is another party. 37 cases are pending and 83 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 95 | 49 | 20 |
| District courts | 23 | 8 | 17 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 120)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Mastek Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Sis Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by E Village Kendra Limited | Pending |
| Calcutta High Court | Court case (CS-COM) | Filed against the company by VCK Share and Stock Broking Services Ltd. | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Revision Application ULP) | Filed against the company by an individual | Pending |
Full case history
All 120 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Mastek Limited
Mastek Limited has 2 MSME Form 1 returns on record between 2018 and 2019, listing 10 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hygienetech India Private Limited | •••• | •••• | •••• |
| HTL Aircon Private Limited | •••• | •••• | •••• |
| Rulka Electricals Limited | •••• | •••• | •••• |
| Green Network Telecom Private Limited | •••• | •••• | •••• |
| Laser Telesystems Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Mastek Limited
Mastek Limited has a workforce of 1,502 employees as of Mar 26, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Mastek Limited
Mastek has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Mastek Enterprise Solutions Private Limited (Formerly Known As Trans American Systems Private Limited) | U51505GJ1999PTC112745 | - |
| Meta Soft Tech Systems Private Limited | U72900TN2013PTC090292 | - |
Showing major subsidiaries. Total: 2.
Recent Activity on Mastek Limited
Mastek Limited has 49 board changes on record since 1982: 28 appointments and 21 cessations. The latest: Deepak Kedia was appointed as CFO on 17 Nov 2025.
111 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mastek Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mastek Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mastek Limited
Mastek has 9 GST registrations: 3 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM9908Q1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 33AAACM9908Q1ZX | Tamil Nadu | Active | 01 Jul 2017 |
| 27AAACM9908Q2ZP | Maharashtra | Active | 14 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mastek Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Mastek Limited
Frequently Asked Questions about Mastek Limited
Mastek is an active public limited company based in Ahmedabad, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 14 May 1982 (44+ years old) and is registered under CIN L74140GJ1982PLC005215. Listed on BSE: 523704 and NSE: MASTEK.
Mastek reported revenue of ₹3,698.75 Cr for FY 2025-26 (up 7% YoY) based on consolidated financials.
Mastek has 6 current directors:
- Umang Tejkaran Nahata - Whole-Time Director
- Suresh Choithram Vaswani - Director
- Ashank Datta Desai - Director
- Ketan Mehta - Director
- Rajeev Kumar Grover - Director
- Marilyn Frances Jones - Director
The GSTIN of Mastek is 27AAACM9908Q1ZQ, registered in Maharashtra. The company has 9 GST registrations in all, of which 3 are active and 6 are cancelled or inactive. Other active GSTINs include 33AAACM9908Q1ZX (Tamil Nadu), 27AAACM9908Q2ZP (Maharashtra).
The CIN (Corporate Identification Number) of Mastek is L74140GJ1982PLC005215. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Mastek is listed on both BSE (code: 523704) and NSE (symbol: MASTEK).
Mastek has 120 court cases on record: 60 filed by the company and 59 filed against it. 37 are pending. Most are in the high courts.
Mastek was incorporated on 14 May 1982, making it 44+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mastek has 129 deals on record (121 market trades, 4 secondary share transfers, 4 funding rounds), with disclosed funding of ₹208.86 Cr; the latest was in July 2025.
The peers of Mastek by revenue are Raju Vegesna Infotech and Industries Private Limited, Sify Technologies Limited, Siemens Technology and Services Private Limited, Oracle Solution Services (India) Private Limited, Bny Mellon International Operations (India) Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Deepak Kedia was appointed as CFO on 17 Nov 2025. Arun Agarwal ceased to be CFO on 29 Jan 2025. Marilyn Frances Jones was appointed as Director on 05 Sep 2023. Mastek has 49 board changes on record in total.
Mastek has 2 MSME Form 1 returns on record between 2018 and 2019, listing 10 overdue payments to 6 micro and small suppliers. The latest return was filed on 20 Jun 2019.