Close 10 Sep 1505 scanned A
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INDIA VIX11.80-1.05%
MIDCAP 15022,904.25-0.38%
SMALLCAP 25018,433.40+0.01%
NEXT 5072,530.90-0.44%
BREADTH61%above 200-DMA
ADV / DEC558 / 939
NSE close 10 Sep

MASTEK

Mastek Limited
Information TechnologySmall capRs 4,991 crRs 16.3 cr traded a day
Close on 10 September 2026
1,610.00
−0.83%
52-week range27% of the way up
1,342.202,336.40
Market cap
4,991 cr
P/E (TTM)
11.9×
industry 25×
EPS (TTM)
134.78
Revenue YoY
+7.7%
Q1 FY27
Profit YoY
+15.0%
Net margin
10.7%
+0.7pt vs a year ago
Growth trend
+4.1pt
vs last quarter’s YoY
1 month
-11.5%
Below 52w high
45.1%
RSI (14)
44
Daily swing
5.3%
average true range
Volume
0.2×
vs 20-day average
Traded
Rs 16 cr
median day
Close200-day averageMaterial filing
1,5002,0002,500Sep 25Nov 25Jan 26Mar 26May 26Jul 26Sep 26
260 sessions · hover for the filing behind a move

Key metrics

each ranked against every stock scanned tonight
Above the 200-day average
Below the median
-8.5%
One-year return
Bottom of the universe
-31.4%
Return on capital employed
Above the median
15.8%
Debt to equity
Around the median
0.14×
Profitable quarters, last four
of the last four reported
4 of 4
Cash conversion
cash from operations against reported profit
130%
Revenue growth, year on year
latest reported quarter
+7.7%
Below the 52-week high
from the highest close of the year
-31.1%
1 week
−10.19%
1 month
−11.49%
3 months
−0.43%
6 months
+4.80%
1 year
−31.43%

The read

written from the numbers on this page
The evidence leans constructive5 supporting, 2 against, 0 worth knowing

Supporting

  • matches profit that turns into cash, which has beaten the market by +2.73 points over 20 sessions across 9,184 past signals
  • 3 of the scans it matches have a positive measured record
  • 3 independent kinds of evidence agree today, which is uncommon
  • revenue grew 8% year on year in the quarter ending 30 June 2026
  • priced at 12× earnings against an industry median of 25× — 52% below its peers

Against

  • trading 9% below its 200-day average
  • down 31% over twelve months

Worth knowing

  • nothing the data supports either way
What would change this read: a close back above 1,760, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

from the filings and from the price, with the figure behind every line
Working4

Mastek Limited holds more cash than borrowings, with Rs 704 cr cash against Rs 421 cr borrowings.

Rs 704 crRs 421 cr

Operating cash flow was Rs 542 cr against Rs 418 cr of profit, which is 130% of it.

Rs 542 crRs 418 cr130%

Mastek's borrowings are Rs 421 cr, which is 0.14 times its owners' equity of Rs 2,992 cr.

0.14Rs 421 crRs 2,992 cr

3 different kinds of evidence point at it tonight, not 3 versions of the same one.

3 families
Needs watching4

UK & Europe operations account for 67% of revenue, making it the largest segment.

UK & Europe operations67%

Trading 8.5% below its 200-day average.

-8.5%

31% below its 52-week high.

-31%

Down 31.4% over the past year.

-31.4%
Every figure here is computed — from the company’s own filings, or from its own closing prices. Wording of 4 of these 4 filing lines was drafted by a language model, which is given the figures and may not introduce another — any sentence containing a number that did not come from the filings is discarded before it reaches this page.

How it has performed

price return over each window, beside the median NSE stock over the same days
this stockmedian NSE stock, same window-10.2%-9.4 pt vs market1W-11.5%-10.4 pt vs market1M-0.4%-3.1 pt vs market3M+4.8%-11.8 pt vs market6M-31.4%-28.2 pt vs market1Y

What the scans say today

5 of 47 matched on 10 Sep
MASTEK matches 5 of the 47 scans today, across 3 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.

What this company does

segments and revenue mix, as the company reports them
MASTEK reports 3 business segments. The largest is UK & Europe operations at 67% of revenue in the quarter ending 30 June 2026.
SegmentRevenueSharevs a year ago
UK & Europe operations664 cr67.4%
North America operations214 cr21.7%
AMEA108 cr11.0%
Segment names are the company’s own, taken verbatim from the reportable-segment disclosure in its quarterly XBRL filing. Nothing on this page describes the business in words we wrote.

Quality of the business

balance sheet as at 31 March 2026
Return on equity
14.0%
trailing profit over shareholders’ funds
Return on capital
15.8%
pre-tax profit over equity plus borrowings
Debt to equity
0.14×
421 cr borrowed against 2,992 cr of equity
Net debt
283 cr
cash exceeds borrowings
Cash conversion
130%
operating cash flow as a share of profit
Receivable days
56
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.

Valuation against its own history

500 sessions since 26 September 2024
12×
median 18×
27×
now 12×
MASTEK trades at 12× trailing earnings, below its median of 18× over this window — 35% less expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.

Recent filings

from the exchange, newest first
08-31
16:10
Analyst call
1 day+3.55 days-2.820 days
08-26
20:02
Other filing
1 day-1.75 days+8.520 days
08-20
17:10
Other filing
1 day+0.75 days-4.520 days
08-17
22:53
Other filing
1 day-5.05 days-6.720 days
Analyst call filings were typically +0.11pt vs the market over the next 5 sessions (n=4,339) · Other filing filings were typically +0.01pt vs the market over the next 5 sessions (n=17,202)

The business

from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
86787090591594090693898514.8%9.0%10.7%Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • revenue grew 8% against the same quarter a year earlier
  • profit rose 15% year on year
  • revenue rose in 3 of the last 4 quarters

Going against it

  • net margin narrowed from 11.3% to 10.7%
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q1 FY27
30 Jun · consolidated
98513810634.1610.7%
Q4 FY26
31 Mar · consolidated
93812510634.2511.3%
Q3 FY26
31 Dec · consolidated
90614110834.9712.0%
Q2 FY26
30 Sep · consolidated
9401349731.4810.4%
Q1 FY26
30 Jun · consolidated
9151219229.7510.1%
Q4 FY25
31 Mar · consolidated
9051068126.249.0%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-7.8%
Versus 200-day average-8.5%
Below 52-week high-31.1%
Above 52-week low+20.0%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)44.3
Higher closes in last 50 of 5
Six-month return+4.80%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)5.32%
Volume versus 20-day0.2x
Median daily turnoverRs 16.3 cr

Peers

Information Technology · 36 classified companies
MASTEK trades at 11.9× trailing earnings against an industry median of 24.9× across 34 other classified companies in its industry — cheaper than them, by 52%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
CompanyMarket cap (Rs cr)P/E1 month1 yearTurnover (Rs cr)
TCS797,88415.8−6.20%−28.29%527.0
INFY419,78213.8−11.87%−30.88%932.7
HCLTECH327,70018.8−11.60%−16.17%257.6
WIPRO164,69512.3−9.59%−33.57%135.5
TECHM135,15527.3−6.10%+1.36%266.9
LTM129,47024.9−8.15%−18.08%134.2
OFSS102,00829.9+0.39%+29.47%223.2
PERSISTENT86,91247.0+0.65%+4.52%261.6
COFORGE81,11542.2+1.75%+6.77%334.7
MPHASIS43,74422.9−9.69%−19.66%94.3
LTTS35,80627.1−5.62%−19.42%18.0
MASTEK4,99111.9−11.49%−31.43%16.3
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet

Recent sessions

what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.
SessionScansWhich
1 Sep1MACD just turned positive
28 Aug1Trading far more than usual