Mastek

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA- by ICRA.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 8.4% and profit rose 9.3% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 36% of the company, about the same as in Sep 2025.
• ValuationCheap vs its pastThe share trades at 12.4 times its yearly earnings (P/E), cheaper than 92% of the time in the last 5 years. Its usual P/E is about 14.

Mastek against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)12.4 against a typical 21.9: cheaper than most peers (1st = cheapest).26th of 108
• Sales growth+8.4% against a typical +10.6% from a year earlier.52nd of 90
• Profit growth+9.3% against a typical +1.1% from a year earlier.30th of 75
• Share price, 3 months−19.5% against a typical −8.2%.74th of 97
• Size₹ 5,440.8 Cr. market value against a typical ₹ 218.6 Cr. (1st = largest).20th of 101

Exchange filings and their impact on the company.

• 28 Oct 2026Press ReleaseLow impactPositivePrice −4.9% so far today
  Mastek adds a 150-200 seat Trichy hub to boost AI, data and Salesforce delivery with low-cost fresher talent.

  Mastek is expanding its Trichy centre to house 150-200 professionals across Salesforce, Oracle, Data & AI and other digital services. The hub will also run college engagement programs like Deep Blue Sessions and AI sessions, plus community work via Mastek Foundation. It is a small, low-cost talent and delivery expansion that should modestly support growth over time.

  Full analysisFiling
• 28 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesMedium impactPositivePrice −4.9% so far today
  Q2 revenue beat with 2.4% CC growth but margins dipped and backlog fell QoQ; AI-led US momentum supports better H2 and FY27.

  Mastek reported Q2FY27 revenue of $107.3 million, up 2.4% sequentially in constant currency, and Rs 1,018.7 crore, up 3.4% sequentially and 8.3% yearly, with EBITDA at 14.4% down about 100 bps on salary hikes and ESOPs. The 12-month order backlog was $286.2 million, down 7.7% sequentially but up 2.3% yearly, with US backlog up 47.9% yearly while UK orders were delayed by government budget changes and Middle East remained uncertain. Management said FY27 should be better than FY26, targeting at least 160 bps margin recovery through AI-led productivity and expecting growth from AI transformation, Service-as-a-software and a large 100 million pound-plus NHS opportunity.

  Full analysisFiling
• 23 Oct 2026Outcome of Board MeetingMedium impactPositivePrice −7.2% on 26 Oct
  Q2 revenue up 8.3% YoY and profit up 8.4% YoY with debt cut, despite margin dip and one-off write-offs.

  Mastek reported Q2 FY27 consolidated revenue of Rs 1018.7 crore, up 8.3% from last year, and net profit of Rs 105.7 crore, up 8.4%, with first-half revenue of Rs 2003.9 crore. Profit included a Rs 47.3 crore gain from sale of Chennai property, partly offset by a Rs 25.9 crore bad-debt write-off and Rs 10.6 crore AI-led restructuring cost. The company repaid Rs 79.2 crore of long-term debt, cut finance costs, paid a Rs 16 per share dividend, and saw continued strength in UK and Europe.

  Full analysisFiling
• 8 Oct 2026Press ReleaseLow impactPositivePrice +1.6% that day
  Mastek won a Staffordshire County Council Oracle Cloud transformation deal, adding modest near-term revenue and a strong UK public-sector reference.

  Mastek (UK) Limited was selected by Staffordshire County Council, serving over 875,000 residents, to deliver an AI-enabled Oracle Cloud transformation covering Finance, Procurement, HR and Payroll using its ADOPT-AI platform. The win followed a competitive procurement and will consolidate legacy systems into a single integrated platform. No contract value was disclosed, so the near-term financial uplift is likely modest but it strengthens Mastek's UK local-government footprint and Oracle Cloud reference base.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Raman Sapra

President, Global Chief Growth Officer

Umang Tejkaran Nahata

Global Chief Executive Officer, Whole-Time Director

Deepak Kedia

Chief Financial Officer

Vijay Iyer

President, Americas

Abhishek Singh

President, UKI and Europe

Prameela Nagamalati Kalive

Chief Operating Officer

Vimal Dangri

Chief Human Resources Officer

Surya Nunna

Executive Vice President, Asia Pacific, Middle East and Africa