Provides IT services and digital transformation to enterprise and public-sector clients across the UK, North America and the AMEA region, with a stated repositioning around AI-led transformation. UK & Europe is the largest segment at 65.2% of FY26 segment revenue (₹2,411.29 cr), serving UK government departments (Home Office, Ministry of Defence, NHS) and healthcare clients on long-running modernisation programmes. North America contributes 22.4% (₹828.53 cr) and is being rebuilt around AI transformation deals, headlined by a $25 million, five-year Salesforce Agentforce engagement. AMEA contributes 12.4% (₹458.93 cr) but is currently under pressure from West Asia geopolitical headwinds affecting demand, bench utilisation and collections. Q1 FY27 closed 40+ AI-led deals and the 12-month order backlog grew 25% YoY in INR terms. Costs are dominated by people — employee expenses are 53.3% of FY26 revenue — with other opex at 30.8%, depreciation at 2% and capex at 0.8%; Q1 FY27 operating EBITDA margin was 15.4%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. UK & Europe operations (65%), North America operations (22%), AMEA (12%). People-intensive, asset-light IT services and digital transformation with an AI-led repositioning and meaningful UK public-sector exposure.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,184 | 2,563 | 3,055 | 3,455 | 3,699 |
| EBITDA (ex other income) | 463 | 481 | 505 | 554 | 555 |
| margin % | 21.2 | 18.8 | 16.5 | 16.0 | 15.0 |
| Owners' profit | 295 | 293 | 300 | 376 | 404 |
| EPS, as reported (₹) | 106.52 | 97.23 | 98.01 | 121.78 | 130.45 |
| ROE % · ROCE % | 27.3 · 27.9 | 17.5 · 18.8 | 14.8 · 16.5 | 15.3 · 17.1 | 13.5 · 16.6 |
| Debt / equity (x) | 0.16 | 0.21 | 0.23 | 0.23 | 0.14 |
| Cash from operations | 273 | 107 | 420 | 395 | 542 |
| Capex | (37) | (32) | (31) | (20) | (28) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 867 | 870 | 905 | 915 | 940 | 906 | 938 | 985 |
| Profit before tax | 129 | 126 | 106 | 121 | 134 | 141 | 125 | 138 |
| Net profit | 129 | 95 | 81 | 92 | 97 | 108 | 106 | 106 |
| EPS (₹) | 41.69 | 30.68 | 26.24 | 29.75 | 31.48 | 34.97 | 34.25 | 34.16 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| UK & Europe operations | 2,411 | 65.2 |
| North America operations | 829 | 22.4 |
| AMEA | 459 | 12.4 |
| Total, before eliminations | 3,699 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Mastek 44th AGM: All 3 resolutions approved, Final Dividend declared | compliance | minimal | — | — |
| 7 Sept 2026 · Mastek 44th AGM proceedings: total Rs 24 dividend for FY26 confirmed | board shareholder meetings | medium | — | — |
| 7 Sept 2026 · Mastek 44th AGM held; Rs 24 per share total dividend for FY26 | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · Independent Director Marilyn Jones completes tenure at Mastek | management changes | medium | — | — |
| 31 Aug 2026 · Mastek to hold one-on-one investor meet with Anand Rathi on Sept 1 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Mastek allots 3,969 shares under ESOP Plan VII | capital market events | low | — | — |
| 26 Aug 2026 · Mastek to attend Ashwamedh-Elara India Dialogue 2026 on Sept 1 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Mastek cancels Non-Deal Roadshow scheduled for August 26, 2026 | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Mastek schedules Non-Deal Roadshow with investors on Aug 26 in Mumbai | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Mastek completes Rs 60 cr commercial property sale in Chennai | strategic transactions | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| INFOSYS LIMITED |
| 4,20,891 |
| 14.0 |
| 4.51 |
| 8.8 |
| 31.6 |
| 38.6 |
| 12.2 |
| 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,51,018 | 26.6 | 5.02 | 16.9 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.0 | 16.6 | 21 of 71 | 71% |
| P/B | 1.7 | 2.9 | 17 of 64 | 75% |
| ROCE | 15.7 | 14.2 | 36 of 78 | 55% |
| ROE | 13.5 | 11.5 | 27 of 67 | 61% |
| Debt / Equity | 0.1 | 0.0 | 47 of 68 | 31% |
| EBITDA margin | 16.6 | 18.4 | 38 of 65 | 42% |
| Revenue growth | 7.7 | 10.6 | 38 of 63 | 40% |
| Profit growth | 15.0 | 6.7 | 26 of 62 | 59% |
| Market cap | 5016 | 475 | 22 of 75 | 72% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
