MINDTREE

MindTree Share Price

₹3,433.85
  • Advice
  • Hold
20 September, 2024 00:18 BSE: 532819 NSE: MINDTREE ISIN: INE018I01017

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MindTree Performance

Day Range

  • Low 0
  • High 0
₹ 3,433

52 Week Range

  • Low 0
  • High 0
₹ 3,433
  • Open Price0
  • Previous Close0
  • Volume

MindTree Chart

MindTree Key Statistics

P/E Ratio 30
PEG Ratio 0.8
Market Cap Cr
Price to Book Ratio 10.3
EPS 100.2
Dividend 0
Relative Strength Index 47.42
Money Flow Index 50.9
MACD Signal 65.24
Average True Range 110.43

Mindtree Investment Rating

  • Master Rating:
  • LTIMindtree has an operating revenue of Rs. 35,957.50 Cr. on a trailing 12-month basis. An annual revenue growth of 7% is good, Pre-tax margin of 17% is great, ROE of 22% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is comfortably placed above its key moving averages, around 11% and 19% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 8% from the pivot point (which is extended from the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 57 which is a POOR score indicating inconsistency in earnings, a RS Rating of 47 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 103 indicates it belongs to a poor industry group of Computer-Tech Services and a Master Score of C is fair but needs to improve. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

MindTree Financials
Indicator
Oper Rev Qtr Cr
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Operating Expenses Annual Cr
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Book Value Per Share Annual Rs
ROE Annual %
ROCE Annual %
Total Debt to Total Equity Annual
EBDIT Annual Margin %
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Total Revenue Annual Cr
Operating Expenses Annual Cr
Operating Profit Annual in Cr
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Net Profit Annual Cr
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Cash from Operating Activity Annual Cr
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Total ShareHolders Funds Annual Cr
Fixed Assets Annual Cr
Total Non Current Assets Annual Cr
Total Current Assets Annual Cr
Total Assets Annual Cr
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Book Value Per Share Annual Rs
ROE Annual %
ROCE Annual %
Total Debt to Total Equity Annual
EBDIT Annual Margin %

MindTree Technicals

EMA & SMA

Current Price
₹3,433.85
+ 0 (0%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹3,497.19
  • 50 Day
  • ₹3,408.19
  • 100 Day
  • ₹3,386.77
  • 200 Day
  • ₹3,436.00
  • 20 Day
  • ₹3,503.25
  • 50 Day
  • ₹3,360.64
  • 100 Day
  • ₹3,280.11
  • 200 Day
  • ₹3,433.16

MindTree Resistance and Support

PIVOT
₹3,422.72
Resistance
First Resistance 3,465.13
Second Resistance 3,496.42
Third Resistance 3,538.83
RSI 47.42
MFI 50.90
MACD Single Line 65.24
MACD 44.45
Support
First Support 3,391.43
Second Support 3,349.02
Third Supoort 3,317.73

MindTree Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day
Week
1 Month
6 Month

MindTree Result Highlights

MindTree Synopsis

NSE-Computer-Tech Services

Ltimindtree is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs. 34253.40 Cr. and Equity Capital is Rs. 29.60 Cr. for the Year ended 31/03/2024. LTIMindtree Ltd. is a Public Limited Listed company incorporated on 23/12/1996 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L72900MH1996PLC104693 and registration number is 104693.
Market Cap 188,553
Sales 34,743
Shares in Float 9.18
No of funds 507
Yield 1.02
Book Value 9.76
U/D Vol ratio 2.5
LTDebt / Equity
Alpha
Beta 0.57

MindTree Shareholding Pattern

Owner NameJun-24Mar-24Dec-23Sep-23
Promoters 68.6%68.6%68.64%68.66%
Mutual Funds 5.44%6.22%7.06%7.23%
Insurance Companies 7.92%6.41%5.11%4.91%
Foreign Portfolio Investors 7.28%7.86%8.65%8.11%
Financial Institutions/ Banks 0.05%0.09%0.06%
Individual Investors 7.19%7.23%7.09%7.48%
Others 3.52%3.59%3.45%3.55%

MindTree Management

Name Designation
Mr. A M Naik Founder Chairman
Mr. S N Subrahmanyan Vice Chairman
Mr. Debashis Chatterjee Managing Director & CEO
Mr. Sudhir Chaturvedi Whole Time Director
Mr. Nachiket Deshpande Whole Time Director
Mr. R Shankar Raman Non Executive Director
Mr. James Abraham Independent Director
Mr. Sanjeev Aga Independent Director
Mr. Vinayak Chatterjee Independent Director
Mrs. Apurva Purohit Independent Director
Mr. Bijou Kurien Independent Director
Mr. Chandrasekaran Ramakrishnan Independent Director

MindTree Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

MindTree Corporate Action

Date Purpose Remarks
2022-10-13 Quarterly Results
2022-07-13 Quarterly Results
2022-04-18 Audited Results & Final Dividend
2022-01-13 Quarterly Results
2021-10-13 Quarterly Results & Interim Dividend
Date Purpose Remarks
2021-10-22 INTERIM Rs.10.00 per share(100%)Interim Dividend

About MindTree

Mindtree is a public limited company headquartered in Bengaluru, Karnataka. 

It offers services in the domains of analytics and information management, app development and maintenance, business process management, business technology, consulting, cloud, independent testing, infrastructure management services, product engineering, and SAP services, amongst many others. It has offices located across Australia, Sweden, Switzerland, UAE, the Netherlands, Canada, the US, Japan, Singapore, and others.

The company became a subsidiary of Larsen & Toubro Limited (L&T) with effect from July 2, 2019.

Business Verticals

The primary services offered by the company include:
Digital services such as cloud, data analytics, IoT, AR/VR services, conversational AI, digital marketing, mobility, and user experience design.
IT consulting services such as app & infrastructure optimization, DevOps, information strategy and governance, quality assurance and strategy.
Engineering R&D services such as embedded intelligence, product sustenance, wireless IP portfolio, and wireless lighting solution.
Operational services such as app development and support, test engineering, business process management, infrastructure management, automation, etc.

The company caters to the following sectors: 

  • Banking
  • Insurance
  • Retail
  • Capital Markets
  • Education, Info Services & Professional Services
  • Manufacturing
  • Transportation, Logistics & Freight
  • Consumer Packaged Goods
  • Technology
  • Media & Entertainment
  • Travel, Hospitality & Real Estate
  • Health
  • Communications

Company History

In 1999, a group of 10 industrial professionals from Cambridge Technology Partners, Lucent Technologies and Wipro incorporated Mindtree. The team was led by Ashok Soota. Mindtree has formed successful business and technology alliances with big companies like Microsoft, Hewlett Packard, Oracle, Bluetooth SIG, Intel, IBM, SAP, Orange, Sun Microsystems and many more.

Milestones

1999 - Formation of Mindtree with two customers and commitment of funding of US$9.5 million at its inception.

2000 - Investment by Walden Software Investments Limited, amalgamated Holdings Limited and Vaitarna Holdings Private Limited in first-round funding. 

2001 - Investment by Franklin Templeton Holding Limited, commenced IT outsourcing partnership with Volvo, received a second round of funding from Global Technology Ventures Limited, Walden Software Investments Limited and Capital International Global Emerging Markets Private Equity Fund.

2004 - Acquired the software division of ASAP and ARPSL. 

2005 - Acquired Linc Software Services Private Limited. Opened West Campus Development Center in Bangalore. 

2006 - It signed a LOI for expansion of facilities in the SEZ in Chennai, acquired land in Bhubaneshwar for expansion of facilities, and launched a development centre in Chennai. 

2008 - Company’s name was changed from Mindtree Consulting Ltd to Mindtree Ltd.

2010 - Mindtree signed a pact with Carlyle Group, one of the world's largest private equity firms for providing IT infrastructure to them. They also got a contract from the government’s Unique Identification Project (UID) for application development and maintenance services.

2012 - Mindtree ranked among the top 5 global R&D services providers

2013 - Launched Gladius - a video management software for advanced surveillance

2014 - Mindtree and SAP announced the first Managed Mobility Offering in Australia. I Got Garbage (IGG) - The technology platform for waste management is open to Bangalore citizens

2015 - Acquired Relational Solutions Inc. Launched Global Learning & Software Delivery Center

2016 - Entered service integration capabilities agreement with Sandvik, acquired Magnet 360, launched IPv6 Stack for Bluetooth Smart and next-gen managed services framework.

2017 - Mindtree (Relational Solutions) included in the Market Guide for Trade Promotion Management and Optimization for the Consumer Goods Industry by Gartner.

2019 - Mindtree has been placed on The Best of The Global Outsourcing 100 list by the International Association of Outsourcing Professionals (IAOP).

2020 - Named leader in ISG Provider Lens Archetype report on Next-Gen Private/Hybrid Cloud - Data Center Services & Solutions.

MindTree FAQs

What is Share Price of MindTree ?

MindTree share price is ₹3,433 As on 20 September, 2024 | 00:04

What is the Market Cap of MindTree ?

The Market Cap of MindTree is ₹56643.3 Cr As on 20 September, 2024 | 00:04

What is the P/E ratio of MindTree ?

The P/E ratio of MindTree is 30 As on 20 September, 2024 | 00:04

What is the PB ratio of MindTree ?

The PB ratio of MindTree is 10.3 As on 20 September, 2024 | 00:04

What were the company's reported sales and net income in 2022?

For the FY 2021-22, Mindtree reported sales and net income of INR 10,525 crores and INR 1,653 crores, respectively. 

What is the future of Mindtree Limited's shares?

Mindtree is a good company, and analysts are optimistic about its growth.

How to buy Mindtree Limited’s shares?

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