Time period given by analyst is one year when Mastek Ltd. price can reach defined target.
Mastek Ltd., incorporated in the year 1982, is a Small Cap company (having a market cap of Rs 8425.87 Crore) operating in IT Software sector.
Mastek Ltd. key Products/Revenue Segments include I T Services for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 541.64 Crore, up 3.93 % from last quarter Total Income of Rs 521.17 Crore and up 30.89 % from last year same quarter Total Income of Rs 413.80 Crore. Company reported net profit after tax of Rs 81.53 Crore in latest quarter.
Investment Rationale
The brokerage expects USD revenue growth of +25.7/15.3/14.8% in FY22/23/24E, which implies a CQGR of +2.5% for Q2-Q4FY22E. It estimates EBIT margin would come in at 17.8/18.0% in FY22/23E, resulting in an FY21- 24E EPS CAGR of 25.3%.
Promoter/FII Holdings
Promoters held 37.75 per cent stake in the company as of 30-Sep-2021, while FIIs owned 4.16 per cent, DIIs 7.99 per cent.
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