MINDTREE

MindTree Share Price

₹3,433.85 0.00 (0.00%)

30 Dec, 2024 22:04

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Performance

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  • High
  • ₹0
  • 52 Week Low
  • ₹0
  • 52 Week High
  • ₹0
  • Open Price₹0
  • Previous Close₹0
  • Volume

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MindTree Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 30
  • PEG Ratio
  • 0.8
  • Market Cap Cr
  • 56,643
  • P/B Ratio
  • 10.3
  • Average True Range
  • 110.43
  • EPS
  • -
  • Dividend Yield
  • 0
  • MACD Signal
  • 65.24
  • RSI
  • 47.42
  • MFI
  • 50.9

MindTree Financials

MindTree Technicals

EMA & SMA

Current Price
₹3,433.85
0 (0%)
  • stock-down_img
  • Bullish Moving Average 0
  • stock-up_img
  • Bearish Moving Average 0
  • 20 Day
  • ₹3,497.19
  • 50 Day
  • ₹3,408.19
  • 100 Day
  • ₹3,386.77
  • 200 Day
  • ₹3,436.00

Resistance and Support

3422.72 Pivot Speed
  • R3 3,538.83
  • R2 3,496.42
  • R1 3,465.13
  • S1 3,391.43
  • S2 3,349.02
  • S3 3,317.73

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

LTIMindtree Ltd. is a global technology consulting and digital solutions company, providing services across cloud, AI, data analytics, and enterprise IT. Serving various industries, LTIMindtree helps clients drive digital transformation and innovation globally.

LTIMindtree has an operating revenue of Rs. 36,485.00 Cr. on a trailing 12-month basis. An annual revenue growth of 7% is good, Pre-tax margin of 17% is great, ROE of 22% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It has recently broken out of a base in its weekly chart but failed to keep its momentum and is trading around -13% from the pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 62 which is a FAIR score but needs to improve its earnings, a RS Rating of 34 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D which indicates heavy supply, Group Rank of 46 indicates it belongs to a fair industry group of Computer-Tech Services and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.

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MindTree Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2022-10-13 Quarterly Results
2022-07-13 Quarterly Results
2022-04-18 Audited Results & Final Dividend
2022-01-13 Quarterly Results
2021-10-13 Quarterly Results & Interim Dividend
Date Purpose Remarks
2021-10-22 INTERIM Rs.10.00 per share(100%)Interim Dividend

MindTree F&O

MindTree Shareholding Pattern

68.6%
5.38%
8.64%
7.39%
0.06%
6.57%
3.36%

About MindTree

Mindtree is a public limited company headquartered in Bengaluru, Karnataka. 

It offers services in the domains of analytics and information management, app development and maintenance, business process management, business technology, consulting, cloud, independent testing, infrastructure management services, product engineering, and SAP services, amongst many others. It has offices located across Australia, Sweden, Switzerland, UAE, the Netherlands, Canada, the US, Japan, Singapore, and others.

The company became a subsidiary of Larsen & Toubro Limited (L&T) with effect from July 2, 2019.

Business Verticals

The primary services offered by the company include:
Digital services such as cloud, data analytics, IoT, AR/VR services, conversational AI, digital marketing, mobility, and user experience design.
IT consulting services such as app & infrastructure optimization, DevOps, information strategy and governance, quality assurance and strategy.
Engineering R&D services such as embedded intelligence, product sustenance, wireless IP portfolio, and wireless lighting solution.
Operational services such as app development and support, test engineering, business process management, infrastructure management, automation, etc.

The company caters to the following sectors: 

  • Banking
  • Insurance
  • Retail
  • Capital Markets
  • Education, Info Services & Professional Services
  • Manufacturing
  • Transportation, Logistics & Freight
  • Consumer Packaged Goods
  • Technology
  • Media & Entertainment
  • Travel, Hospitality & Real Estate
  • Health
  • Communications

Company History

In 1999, a group of 10 industrial professionals from Cambridge Technology Partners, Lucent Technologies and Wipro incorporated Mindtree. The team was led by Ashok Soota. Mindtree has formed successful business and technology alliances with big companies like Microsoft, Hewlett Packard, Oracle, Bluetooth SIG, Intel, IBM, SAP, Orange, Sun Microsystems and many more.

Milestones

1999 - Formation of Mindtree with two customers and commitment of funding of US$9.5 million at its inception.

2000 - Investment by Walden Software Investments Limited, amalgamated Holdings Limited and Vaitarna Holdings Private Limited in first-round funding. 

2001 - Investment by Franklin Templeton Holding Limited, commenced IT outsourcing partnership with Volvo, received a second round of funding from Global Technology Ventures Limited, Walden Software Investments Limited and Capital International Global Emerging Markets Private Equity Fund.

2004 - Acquired the software division of ASAP and ARPSL. 

2005 - Acquired Linc Software Services Private Limited. Opened West Campus Development Center in Bangalore. 

2006 - It signed a LOI for expansion of facilities in the SEZ in Chennai, acquired land in Bhubaneshwar for expansion of facilities, and launched a development centre in Chennai. 

2008 - Company’s name was changed from Mindtree Consulting Ltd to Mindtree Ltd.

2010 - Mindtree signed a pact with Carlyle Group, one of the world's largest private equity firms for providing IT infrastructure to them. They also got a contract from the government’s Unique Identification Project (UID) for application development and maintenance services.

2012 - Mindtree ranked among the top 5 global R&D services providers

2013 - Launched Gladius - a video management software for advanced surveillance

2014 - Mindtree and SAP announced the first Managed Mobility Offering in Australia. I Got Garbage (IGG) - The technology platform for waste management is open to Bangalore citizens

2015 - Acquired Relational Solutions Inc. Launched Global Learning & Software Delivery Center

2016 - Entered service integration capabilities agreement with Sandvik, acquired Magnet 360, launched IPv6 Stack for Bluetooth Smart and next-gen managed services framework.

2017 - Mindtree (Relational Solutions) included in the Market Guide for Trade Promotion Management and Optimization for the Consumer Goods Industry by Gartner.

2019 - Mindtree has been placed on The Best of The Global Outsourcing 100 list by the International Association of Outsourcing Professionals (IAOP).

2020 - Named leader in ISG Provider Lens Archetype report on Next-Gen Private/Hybrid Cloud - Data Center Services & Solutions.

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  • NSE Symbol
  • MINDTREE
  • BSE Symbol
  • 532819
  • Managing Director & CEO
  • Mr. Debashis Chatterjee
  • ISIN
  • INE018I01017

Similar Stocks to MindTree

MindTree FAQs

MindTree share price is ₹3,433 As on 30 December, 2024 | 21:50

The Market Cap of MindTree is ₹56643.3 Cr As on 30 December, 2024 | 21:50

The P/E ratio of MindTree is 30 As on 30 December, 2024 | 21:50

The PB ratio of MindTree is 10.3 As on 30 December, 2024 | 21:50

For the FY 2021-22, Mindtree reported sales and net income of INR 10,525 crores and INR 1,653 crores, respectively. 

Mindtree is a good company, and analysts are optimistic about its growth.

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Q2FY23