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Mindteck (India) Limited (MINDTECK) Fair Value & Analysis

Technology · IN · Market cap ₹6.5B

MI Mindteck (India) Limited MINDTECK · NSE
Price₹208.81
Fair Value₹195.57
Upside-6.3%
Quality53/100
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Evidence: High Range ₹147.96 – ₹234.16

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price −1.6% over the past month.

Price vs Fair Value (12 months)

₹296.22 ₹146.51 Fair Value ₹195.57 Jul 2025 Jul 2026

12‑month range ₹146.51 – ₹296.22 · fair‑value band ₹147.96 – ₹234.16 · the ₹208.81 price screens above the ₹195.57 fair value. As of Jul 3, 2026.

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Analysis

Mindteck (India) Limited (MINDTECK) currently trades at ₹208.81, while our model-based Fair Value estimate is ₹195.57 — implying the stock looks roughly 6.3% overvalued today. We read business quality at 53/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Mindteck (India) Limited generated revenue of ₹4.1B at a net margin of 7.7%. Revenue declined 0.1% year over year. It earns a return on equity of 11.2%. The balance sheet holds a net cash position of ₹1.3B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹4.1B
Revenue growth (YoY) -0.1%
Net margin 7.7%
Return on equity 11.2%
Free cash flow ₹314M FY2026
P/E ratio 20.8
More key figures
Operating margin 9.2%
EPS (TTM) ₹9.84
Dividend yield 0.5%
EPS growth (YoY) +49.3%
Net cash ₹1.3B FY2026

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

About the company

Mindteck (India) Limited provides engineering and information technology (IT) services in the United States, India, and internationally. The company offers product engineering, embedded design systems, and Internet of Things solutions, as well as testing, optimization, and security services; product lifecycle and reliability management; digital transformation and smart solutions, such as asset tracking systems, and renewable energy digital transformation; and medical devices and healthcare, such as Next-Gen remote patient, post-operative heart health monitoring, web/cloud-based patient monitoring platform, cloud-integrated AED solution, and cybersecurity and penetration testing. It also provides analytical instruments, including business intelligence for laboratory instruments, informatics platform for lab automation, and remote scientific data review system; data storage solutions comprising data migration tool development, full stack development, and cloud storage development and …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Mindteck (India) Limited reported revenue of ₹4.1B in FY2026 versus ₹3.0B in FY2022, a compound +8.1%/yr. Reported net income was ₹315M in FY2026, compounding −1.4%/yr from FY2022.

Revenue +8.1%/yr
FY22 ₹3.0B
FY23 ₹3.4B
FY24 ₹3.9B
FY25 ₹4.3B
FY26 ₹4.1B
Net income −1.4%/yr
FY22 ₹333M
FY23 ₹208M
FY24 ₹273M
FY25 ₹287M
FY26 ₹315M

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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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Frequently asked questions

Is Mindteck (India) Limited (MINDTECK) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹195.57 versus a price of ₹208.81 — about −6% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MINDTECK?
Our model-based fair value for Mindteck (India) Limited is ₹195.57 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹208.81.
What is the quality score of MINDTECK?
Mindteck (India) Limited has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Mindteck (India) Limited (MINDTECK)?
Mindteck (India) Limited reported trailing-twelve-month revenue of about ₹4.1B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of MINDTECK?
The net profit margin of Mindteck (India) Limited is about 7.7%, meaning it keeps roughly 7.7% of revenue as net income. Based on the latest reported figures.
Does Mindteck (India) Limited pay a dividend?
Mindteck (India) Limited currently shows a dividend yield of about 0.49% 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.