Mastek financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹1,019cr+8.3% on Q2 FY26
Net profit
₹106cr+8.4% on Q2 FY26
EBITDA margin
14.4%−1.1 pts on Q2 FY26
EPS
₹34.08+8.3% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue1,019940+8.3%
EBITDA146146+0.5%
EBITDA margin14.4%15.5%−1.1 pts
Profit before tax141134+5.5%
Net profit10697.5+8.4%
EPS₹34.08₹31.48+8.3%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹1,019 crNet profit₹106 crNet margin10.4%

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.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
4,524————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
931938621458270
0.00.00.00.191.1
421421555487371
4,015————
3,8483,6993,4553,0552,563
—+7.0%+13.1%+19.2%—
594586546509456
15.4%15.8%15.8%16.7%17.8%
520513471419388
426404376311310
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%—
—542395420107
—−28.0−20.1−31.5−31.5
51451437538875.6
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

MASTEK₹1,459.50

Mastek Ltd.

· Technology
₹ CrorePeersZENSARTECHBSOFTRATEGAINHAPPSTMNDSTANLADATAMATICSCIGNITITECCAPILLARYMcap ₹4,524 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
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 Investments269.5457.9621.4938.3930.6
+ Minority Interest91.10.10.00.00.0
+ Total Debt370.8486.6555.2421.4421.4
Enterprise Value————4,015.3
Revenue2,563.43,054.83,455.23,698.83,847.6
Growth %, YoY—+19.2+13.1+7.0—
EBITDA455.9508.7546.5585.6593.9
Margin %17.7816.6515.8215.8315.44
EBIT388.5418.8471.3513.0519.8
Net Income310.3311.0375.9404.0426.1
Margin %12.1010.1810.8810.9211.07
EPS, Adj (current shares)94.5296.87121.27130.32137.44
Growth %, YoY—+2.5+25.2+7.5—
Cash from Operations107.1419.9395.1541.7—
Capital Expenditures-31.5-31.5-20.1-28.0—
Free Cash Flow75.6388.5375.0513.7513.7
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Mastek financials and key ratios

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 Q2 FY27 results
July–September 2026
Share price used
₹1,474.00 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Mastek at a glance · consolidated

Market cap
₹4,569 Crat ₹1,474.00 · 29 Oct close
PE ratio (last 4 quarters)
10.711.3 on FY26 profit
Price to book (PB)
1.43book value ₹1,028.86 a share
ROE (FY26)
14.8%−1.7 pts vs FY25ROCE 16.4%
Debt to equity
0.11net cash ₹584 Cr
Promoter holding
35.75%unchanged vs 30 Jun 202630 September 2026
Dividend yield
1.63%₹24 a share in 12 months
Net worth
₹3,189 Cr+19.2% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹514 Cr+37.0% vs FY25

Questions

What is the Mastek PE ratio today?

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.

What is the Mastek net worth?

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.

What is the Mastek book value per share?

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.

What is the Mastek PB ratio (price to book value)?

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.

What is the Mastek ROE and ROCE?

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%.

What is the Mastek dividend yield?

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).

What is the Mastek market cap?

Mastek's market capitalisation was ₹4,569 crore at the 29 October 2026 close: 3.1 crore shares at ₹1,474.00 each.

Is Mastek debt free?

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.

What is the Mastek EPS?

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.

What is the Mastek debt to equity ratio?

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.

What is the Mastek dividend in 2026 and its record date?

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.

What is the Mastek free cash flow?

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.

What is the Mastek promoter holding?

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.

What are the Mastek latest quarterly results?

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.

What is the Mastek revenue and profit in FY26?

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%.

What is the Mastek shareholding pattern?

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%.

How does the Mastek PE ratio compare with its peers?

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.

Mastek vs Zensar Technolgies: how do they compare?

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.

When are the Mastek next results?

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.

How does Mastek compare with its peers?

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).

Where do these Mastek figures come from?

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.