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Mastek Limited (MASTEK) Fair Value & Analysis

Technology · IN · Market cap ₹50.0B

ML Mastek Limited MASTEK · NSE
Price₹1,613
Fair Value₹2,544
Upside+57.7%
Quality54/100
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Evidence: High Range ₹1,930 – ₹3,346

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price −3.6% over the past month.

Price vs Fair Value (12 months)

₹2,629 ₹1,336 Fair Value ₹2,544 Jul 2025 Jul 2026

12‑month range ₹1,336 – ₹2,629 · fair‑value band ₹1,930 – ₹3,346 · the ₹1,613 price screens below the ₹2,544 fair value. As of Jul 3, 2026.

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Analysis

Mastek Limited (MASTEK) currently trades at ₹1,613, while our model-based Fair Value estimate is ₹2,544 — implying the stock looks roughly 57.7% undervalued today. We read business quality at 54/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Mastek Limited generated revenue of ₹37.0B at a net margin of 10.9%. Revenue grew 3.6% year over year. It earns a return on equity of 14.8%. The balance sheet holds a net cash position of ₹2.7B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹37.0B
Revenue growth (YoY) +3.6%
Net margin 10.9%
Return on equity 14.8%
Free cash flow ₹5.0B FY2026
P/E ratio 12.5
More key figures
Operating margin 14.1%
EPS (TTM) ₹129.52
Dividend yield 1.5%
EPS growth (YoY) +30.8%
Net cash ₹2.7B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Mastek Limited, together with its subsidiaries, engages in the provision of enterprise technology solutions in India, the United Kingdom, Europe, North America, Middle East region, South-east Asia, India, Singapore, Australia, and internationally. The company offers digital and application engineering, including cloud engineering and migration, enterprise integration, low code, quality engineering, and DevSecOps. It also provides oracle cloud and enterprise apps, such as E-business suite, consulting services, analytics cloud and infrastructure, autonomous data warehouse, Cloud Applications, Cloud Applications, Value Based Analytics, PeopleSoft to Cloud Migration. In addition, the company offers digital commerce and experience solutions comprising commerce, experience platform, search and intelligent recommendation, and modern UI/UX solutions. Further, the company provides data, automation, and artificial intelligence solutions, such as data management and governance, data …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Mastek Limited reported revenue of ₹37.0B in FY2026 versus ₹21.8B in FY2022, a compound +14.1%/yr. Reported net income was ₹4.0B in FY2026, compounding +8.2%/yr from FY2022.

Revenue +14.1%/yr
FY22 ₹21.8B
FY23 ₹25.6B
FY24 ₹30.5B
FY25 ₹34.6B
FY26 ₹37.0B
Net income +8.2%/yr
FY22 ₹3.0B
FY23 ₹2.9B
FY24 ₹3.0B
FY25 ₹3.8B
FY26 ₹4.0B

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6 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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Tata Consultancy Services Limited TCS ₹2,154 ₹2,580 +20%
Infosys Limited INFY ₹1,144 ₹1,305 +14%
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Frequently asked questions

Is Mastek Limited (MASTEK) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹2,544 versus a price of ₹1,613 — about +58% (undervalued). Model-based estimate, not financial advice.
What is the fair value of MASTEK?
Our model-based fair value for Mastek Limited is ₹2,544 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹1,613.
What is the quality score of MASTEK?
Mastek Limited has a Quality Score of 54/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Mastek Limited (MASTEK)?
Mastek Limited reported trailing-twelve-month revenue of about ₹37.0B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of MASTEK?
The net profit margin of Mastek Limited is about 10.9%, meaning it keeps roughly 10.9% of revenue as net income. Based on the latest reported figures.
Does Mastek Limited pay a dividend?
Mastek Limited currently shows a dividend yield of about 1.53% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.