Mindteck (India) Limited (MINDTECK) Fair Value & Analysis
Technology · IN · Market cap ₹6.5B
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 4 days ago
Fair value updated Aug 13, 2026, revised from ₹177.44 to ₹200.17 (+12.8%) since Aug 8, 2026. Share price −13.3% over the past month.
A solid business, screening 14% undervalued on our models.
What matters now
- A fairly wide model range (₹146.86 to ₹267.99) leaves room in how you read the outcome.
- Our model range runs from ₹146.86 (bear) to ₹267.99 (bull), base ₹200.17. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 54/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹33.81 – ₹354.61 · fair‑value band ₹146.86 – ₹267.99 · the ₹175.45 price screens below the ₹200.17 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Mindteck (India) Limited (MINDTECK) currently trades at ₹175.45, while our model-based Fair Value estimate is ₹200.17, implying the stock looks roughly 14.1% undervalued today. The Quality Score stands 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, 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 Aug 13, 2026
Our scenario range runs from ₹146.86 (bear case) to ₹267.99 (bull case); at ₹175.45, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 43% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at 14%, MINDTECK screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth Earnings (₹228.22) versus Dividend Discount (₹13.04). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 37
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Mindteck (India) Limited provides engineering and information technology (IT) services in the United States, India, and internationally.
Full company description
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 testing; semiconductor products, such as common cluster tool controller (CTC) framework, enterprise data management platform, cloud-based document solutions, wafer defect classification using deep learning, and LLM-based risk assessment; and testing services, such as platform-independent automation tools, mobile test automation framework, and BDD-based cloud test framework. In addition, the company offers infrastructure services, such as data center management, network, security, and desktop management. It serves the medical device and healthcare, life science and analytical instruments, semiconductor, and data storage industries; and government. The company was formerly known as Hinditron Informatics Limited and changed its name to Mindteck (India) Limited in September 1999. The company was incorporated in 1991 and is headquartered in Bengaluru, India. Mindteck (India) Limited is a subsidiary of Embtech Holdings Limited.
Company description, as reported by the company or data provider.
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.
of which total revenue +2.6 pp · buybacks/dilution −2.6 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Information Technology Services · 490 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Information Technology Services median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $235.98 | $175.76 | -26% |
| Accenture plc ACNN | 2,460 MXN | 300.07 MXN | -88% |
| Tata Consultancy Services Limited TCS | ₹2,350 | ₹3,473 | +48% |
| Infosys Limited INFY | ₹1,176 | ₹1,998 | +70% |
| HCL Technologies Limited HCLTECH | ₹1,365 | ₹1,722 | +26% |
| Wipro Limited WIPRO | ₹183.94 | ₹314.26 | +71% |
| Tech Mahindra Limited TECHM | ₹1,625 | ₹1,521 | -6% |
| Samsung SDS Co 018260 | 235,500 KRW | 235,321 KRW | -0% |
| Persistent Systems Limited PERSISTENT | ₹5,474 | ₹3,259 | -40% |
| Hyundai Autoever Corporation 307950 | 433,000 KRW | 186,323 KRW | -57% |
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Frequently asked questions
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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.
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