| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 1,019 | 940 | +8.3% |
| EBITDA | 146 | 146 | +0.5% |
| EBITDA margin | 14.4% | 15.5% | −1.1 pts |
| Profit before tax | 141 | 134 | +5.5% |
| Net profit | 106 | 97.5 | +8.4% |
| EPS | ₹34.08 | ₹31.48 | +8.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 4,524 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 931 | 938 | 621 | 458 | 270 | ||
| 0.0 | 0.0 | 0.0 | 0.1 | 91.1 | ||
| 421 | 421 | 555 | 487 | 371 | ||
| 4,015 | — | — | — | — | ||
| 3,848 | 3,699 | 3,455 | 3,055 | 2,563 | ||
| — | +7.0% | +13.1% | +19.2% | — | ||
| 594 | 586 | 546 | 509 | 456 | ||
| 15.4% | 15.8% | 15.8% | 16.7% | 17.8% | ||
| 520 | 513 | 471 | 419 | 388 | ||
| 426 | 404 | 376 | 311 | 310 | ||
| 11.1% | 10.9% | 10.9% | 10.2% | 12.1% | ||
| ₹137.44 | ₹130.32 | ₹121.27 | ₹96.87 | ₹94.52 | ||
| — | +7.5% | +25.2% | +2.5% | — | ||
| — | 542 | 395 | 420 | 107 | ||
| — | −28.0 | −20.1 | −31.5 | −31.5 | ||
| 514 | 514 | 375 | 388 | 75.6 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 4,524.5 | |
| - Cash, Equiv & ST Investments | 269.5 | 457.9 | 621.4 | 938.3 | 930.6 | |
| + Minority Interest | 91.1 | 0.1 | 0.0 | 0.0 | 0.0 | |
| + Total Debt | 370.8 | 486.6 | 555.2 | 421.4 | 421.4 | |
| Enterprise Value | — | — | — | — | 4,015.3 | |
| Revenue | 2,563.4 | 3,054.8 | 3,455.2 | 3,698.8 | 3,847.6 | |
| Growth %, YoY | — | +19.2 | +13.1 | +7.0 | — | |
| EBITDA | 455.9 | 508.7 | 546.5 | 585.6 | 593.9 | |
| Margin % | 17.78 | 16.65 | 15.82 | 15.83 | 15.44 | |
| EBIT | 388.5 | 418.8 | 471.3 | 513.0 | 519.8 | |
| Net Income | 310.3 | 311.0 | 375.9 | 404.0 | 426.1 | |
| Margin % | 12.10 | 10.18 | 10.88 | 10.92 | 11.07 | |
| EPS, Adj (current shares) | 94.52 | 96.87 | 121.27 | 130.32 | 137.44 | |
| Growth %, YoY | — | +2.5 | +25.2 | +7.5 | — | |
| Cash from Operations | 107.1 | 419.9 | 395.1 | 541.7 | — | |
| Capital Expenditures | -31.5 | -31.5 | -20.1 | -28.0 | — | |
| Free Cash Flow | 75.6 | 388.5 | 375.0 | 513.7 | 513.7 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Mastek (NSE: MASTEK) had a market capitalisation of ₹4,569 crore at the 29 October 2026 close (₹1,474.00 a share), a PE ratio of 10.7 on the last four quarters' profit and a price-to-book ratio of 1.43. In FY26 its consolidated net profit was ₹404 crore on revenue of ₹3,699 crore; in Q2 FY27 (July–September 2026) it was ₹106 crore, up 8.4% year on year. Its debt-to-equity ratio was 0.11 on 30 September 2026. Promoters held 35.75% of the shares on 30 September 2026.
Mastek's PE ratio is 10.7 at the 29 October 2026 close (₹1,474.00 a share): a market capitalisation of ₹4,569 crore divided by consolidated net profit of ₹426 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹404 crore) it is 11.3.
Mastek's net worth — shareholders' equity in its consolidated balance sheet — was ₹3,189 crore on 30 September 2026, up 19.2% from ₹2,677 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹4,569 crore at the 29 October 2026 close.
Mastek's book value per share was ₹1,028.86 on 30 September 2026: shareholders' equity of ₹3,189 crore divided by the 3.1 crore shares in issue, up 19.1% from ₹864.03 a year earlier. The share price at the 29 October 2026 close was ₹1,474.00.
Mastek's price-to-book (PB) ratio is 1.43 at the 29 October 2026 close: a market capitalisation of ₹4,569 crore divided by shareholders' equity (book value) of ₹3,189 crore on 30 September 2026. That is a book value of ₹1,028.86 per share against a share price of ₹1,474.00.
In FY26, Mastek's return on equity (ROE) was 14.8% and its return on capital employed (ROCE) was 16.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 16.5% and ROCE 17.0%.
Mastek's dividend yield is 1.63% at the 29 October 2026 close: dividends of ₹24 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,474.00. They were ₹16 on 31 August 2026 and ₹8 on 30 January 2026 (interim).
Mastek's market capitalisation was ₹4,569 crore at the 29 October 2026 close: 3.1 crore shares at ₹1,474.00 each.
No. Mastek had borrowings of ₹348 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.11. Its cash and current investments were ₹931 crore, so it held net cash of ₹584 crore.
Mastek's basic earnings per share (EPS) were ₹130.45 in FY26, against ₹121.78 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹137.46.
Mastek's debt-to-equity ratio was 0.11 on 30 September 2026: borrowings of ₹348 crore against total equity of ₹3,189 crore. A year earlier, on 30 September 2025, it was 0.19.
In 2026, Mastek has declared two dividends totalling ₹24 a share: ₹8 (interim) with record date 30 January 2026 and ₹16 with record date 31 August 2026.
In FY26, Mastek generated ₹542 crore of cash from operations and spent ₹28 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹514 crore. In FY25 it was ₹375 crore.
Promoters held 35.75% of Mastek on 30 September 2026, down 0.01 percentage points from 35.76% the previous quarter and down 0.04 percentage points from 35.79% a year earlier, according to the shareholding pattern filed with NSE.
Mastek's latest results are for Q2 FY27 (July–September 2026): consolidated net profit ₹106 crore, up 8.4% from ₹97.5 crore in Q2 FY26; revenue from operations ₹1,019 crore, up 8.3% year on year.
In FY26 (April 2025–March 2026), Mastek's consolidated net profit was ₹404 crore, up 7.5% from ₹376 crore in FY25, on revenue from operations of ₹3,699 crore (up 7.0%). Over three years, from FY23, net profit was up 37.9%.
On 30 September 2026, Mastek's shares were held by promoters 35.75%, foreign portfolio investors (FII/FPI) 5.94%, domestic institutions (DII) 22.02% (including mutual funds at 18.53%) and retail and other non-institutional investors 36.29%. Over the year, FII holding was down 5.30 percentage points from 11.24% and DII holding was up 10.49 percentage points from 11.53%.
At the 29 October 2026 closing prices, on FY26 net profit, Mastek's PE ratio is 11.3, the lowest of the four: Zensar Technolgies 15.7, Birlasoft 18.5 and Rategain Travel Technologies 49.4, a peer average of 27.9. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Mastek earned net profit of ₹404 crore on revenue of ₹3,699 crore, against ₹775 crore on ₹5,687 crore for Zensar Technolgies. Mastek's operating margin was 13.9% (Zensar Technolgies 14.5%) and its return on equity 14.8% (Zensar Technolgies 17.6%). At the 29 October 2026 close, Mastek's market capitalisation was ₹4,569 crore against ₹12,197 crore for Zensar Technolgies, and its PE ratio on FY26 profit 11.3 against 15.7.
Mastek has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against Zensar Technolgies, Birlasoft and Rategain Travel Technologies: Mastek's operating margin of 13.9% is the lowest of the four (Zensar Technolgies 14.5%, Birlasoft 14.8%, Rategain Travel Technologies 14.1%; peer average 14.5%); its return on equity of 14.8% is the second highest of the four (Zensar Technolgies 17.6%, Birlasoft 13.7%, Rategain Travel Technologies 10.5%; peer average 13.9%); its revenue growth over three years of 13.0% a year is the second highest of the four (Zensar Technolgies 5.5% a year, Birlasoft 3.5% a year, Rategain Travel Technologies 47.8% a year; peer average 18.9% a year).
From Mastek's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.