Mindteck (India) Ltd
MINDTECKMindteck (India) Ltd's earnings have outrun its stock. EPS grew +9.7% in a year against a −7.3% price move.
Biggest watch item: margins are the best this company has ever printed — every ratio flatters at record profitability, so the whole story leans on margins holding.
The price is in a downtrend (1 weeks in) while the P/E sits at the 26th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +42.9% year on year, and 82% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Mindteck (India) Ltd trades at ₹203, in a downtrend and 1 weeks into that stage. That is −3.5% against its own 200-day average. It sits at 37% of a 52-week range of ₹156 to ₹283. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (3 weeks and counting).
Today the stock is in a downtrend — week 1 of stage 4, confirmed. At ₹203 it trades −3.5% versus its 200-day average and sits at 37% of its 52-week range (₹156–₹283).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +217% while the NIFTY 500 moved +274% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (3 weeks and counting; last ahead the week of 2026-07-01) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 26th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Mindteck (India) Ltd trades at 18.3× P/E, near the bottom of its own range — cheaper only 26% of the time. Its long-run median P/E is 22.5×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 18.3× is near the bottom of its own range — cheaper only 26% of the time, against a long-run median of 22.5× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved +9.7% against a −7.3% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +22.5%/yr price move, ~+25.7%/yr came from earnings growth and ~−3.2 pp from the multiple (compressing); over 10y, of the +11.3%/yr price move, ~+3.4%/yr came from earnings growth and ~+7.9 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Mindteck (India) Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from +0.0% at the trough to +42.9% off a 1-quarter-old trough (single-quarter readings), ROCE holding at 15.0%. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −4.0% | +6.5% | +7.2% | +2.7% |
| Profit | +10.3% | +15.1% | +23.8% | +2.1% |
| EPS | +9.7% | +14.5% | +23.8% | +1.8% |
| Share price | −7.3% | +23.2% | +22.5% | +11.3% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
46.7/100 — rank 40 of 63 in IT - Software · 77% evidence confidence
Mindteck (India) Ltd scores 46.7 out of 100 against the 63 companies it is compared with in IT - Software, ranking 40. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 14.6 + 13.3 + 11.6 + 7.2 = 46.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Mindteck (India) Ltd reported ₹104 Cr of revenue in the Mar 26 quarter, +0.0% year on year. Over 10 years it has compounded at 2.7% a year. The last full year, FY26, came in at ₹407 Cr. The last four reported quarters add to ₹407 Cr.
Mindteck (India) Ltd reported ₹104 Cr of revenue in the Mar 26 quarter, +0.0% year on year. Over 10 years it has compounded at 2.7% a year. The last full year, FY26, came in at ₹407 Cr. The last four reported quarters add to ₹407 Cr.
FY26 revenue came in at ₹407 Cr (−4.0% on the year), capping 10 years at 2.7% compound. The latest quarter (Mar 26) printed ₹104 Cr, +0.0% year on year.
Pace check: the last four quarters averaged −4.0% growth against the decade's 2.7% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −4.0% over the last 4 quarters against +2.8%/yr over the last 8 — rolling over; TTM profit +10.3% vs +10.9%/yr — stabilising.
→ Revenue grew — did margins hold as it scaled? Next: 10.0% this quarter (+2.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Mindteck (India) Ltd's operating margin is 10.0% in the Mar 26 quarter, +2.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 0.0% to 9.0%. The current quarter is running above every full year in that window.
Mindteck (India) Ltd's operating margin is 10.0% in the Mar 26 quarter, +2.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 0.0% to 9.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 10.0%, +2.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 0.0%–9.0%, and FY26's 9.0% is the top of that band — a record year.
Why the margin moved: operating margin went +2.0 pp year on year while gross margin went +0.0 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
→ Margins held — did that reach the bottom line? Next: profit +42.9% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Mindteck (India) Ltd earned ₹10.0 Cr of net profit in the Mar 26 quarter, +42.9% year on year. Full-year FY26 profit was ₹32.0 Cr. The 10-year compound rate is 2.1%. That is 9.6% of the quarter's revenue. The same quarter a year earlier earned ₹7.0 Cr.
Mindteck (India) Ltd earned ₹10.0 Cr of net profit in the Mar 26 quarter, +42.9% year on year. Full-year FY26 profit was ₹32.0 Cr. The 10-year compound rate is 2.1%. That is 9.6% of the quarter's revenue. The same quarter a year earlier earned ₹7.0 Cr.
Mar 26 profit was ₹10.0 Cr, +42.9% year on year. On the full year, FY26 printed ₹32.0 Cr (+10.3%), and the 10-year compound rate is 2.1%.
Why profit moved: revenue contributed +0.0% and the margin +2.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +13.8% vs revenue −4.0%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 82% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 82% of Mindteck (India) Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹26.0 Cr of operating cash against ₹32.0 Cr of profit. After ₹0.0 Cr of capital spending, ₹26.0 Cr was left as free cash.
FY26: operating cash of ₹26.0 Cr against reported profit of ₹32.0 Cr, leaving free cash of ₹26.0 Cr after ₹0.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 82% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 82%: the cash cycle stretched 15 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
→ So follow the cash to where it goes. Next: a 102-day cycle and ₹11.0 Cr of building.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Mindteck (India) Ltd's cash conversion cycle runs 102 days in FY26, up from 87 days in FY21. Capital spending ran ₹11.0 Cr over the last 3 years. At FY26 sales of ₹407 Cr each day of that cycle holds about ₹1.1 Cr, so roughly ₹114 Cr sits inside the business at any moment.
FY26: debtors at 102 days (an asset-light business — no inventory to speak of) — for a full cycle of 102 days, looser than FY21's 87.
In money terms: at FY26 sales of ₹407 Cr, each day of the cycle holds about ₹1.1 Cr — so the 102-day loop keeps roughly ₹114 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹11.0 Cr over the last 3 fiscal years against ₹14.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 15% and the ROIC − WACC spread is +10.3 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Mindteck (India) Ltd earns a ROCE of 15% in FY26. That is up from a trough of −1% in FY20. Return on invested capital clears the cost of that capital by +10.3 percentage points, so growth here adds value rather than only size. The wiring behind it is 7.9% net margin on 1.10× asset turns.
FY26 ROCE is 15%, recovered from a FY20 trough of −1% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 7.9% net margin × 1.10× asset turns × 1.22× balance-sheet leverage ≈ 10.6% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 22.3% − 12.0% = a +10.3 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.01.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Mindteck (India) Ltd carries total debt of ₹4.0 Cr against shareholder equity of ₹304 Cr as of Mar 26, a debt-to-equity of 0.01 — effectively unlevered. On the annual view that ratio went from 0.05 in FY22 to 0.01 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹4.0 Cr against shareholder equity of ₹304 Cr — a debt-to-equity of 0.01. On the annual view, debt-to-equity went from 0.05 (FY22) to 0.01 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: the register is quiet.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Mindteck (India) Ltd moved a full percentage point over the last two years — the register is quiet. Foreign institutions moved −0.2 points over the same window, to 0.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −0.4 points over 8 quarters to 64.2%; Foreign institutions: −0.2 points over 8 quarters to 0.1%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Mindteck (India) Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Mindteck (India) Ltd this page | 18.3× | ₹623 Cr | Turning around | |||
| Tata Consultancy Services Ltd | 15.2× | ₹8.2L Cr | Consistent | |||
| Infosys Ltd | 13.6× | ₹4.2L Cr | Consistent | |||
| HCL Technologies Ltd | 19.0× | ₹3.4L Cr | Mixed | |||
| Wipro Ltd | 13.3× | ₹1.8L Cr | Topping out | |||
| Tech Mahindra Ltd | 28.7× | ₹1.5L Cr | Topping out | |||
| LTM Ltd | 21.6× | ₹1.2L Cr | Consistent | |||
| Coforge Ltd | 40.0× | ₹65,726 Cr | Mixed | |||
| Mphasis Ltd | 22.6× | ₹43,674 Cr | Consistent | |||
| Hexaware Technologies Ltd | 23.0× | ₹33,719 Cr | No read | |||
| IDream Film Infrastructure Company Ltd | — | ₹17,180 Cr | No read | |||
| Zensar Technologies Ltd | 15.1× | ₹11,511 Cr | Turning around | |||
| Sonata Software Ltd | 15.8× | ₹8,079 Cr | Mixed | |||
| Tanla Platforms Ltd | 14.9× | ₹7,954 Cr | Turning around | |||
| Birlasoft Ltd | 14.8× | ₹7,896 Cr | Turning around | |||
| Seshaasai Technologies Ltd | 23.6× | ₹6,221 Cr | No read | |||
| ASM Technologies Ltd | 103.0× | ₹6,206 Cr | No read | |||
| AvenuesAI Ltd | 20.2× | ₹5,700 Cr | Mixed | |||
| Mastek Ltd | 12.0× | ₹5,242 Cr | Consistent | |||
| Datamatics Global Services Ltd | 20.3× | ₹4,856 Cr | Topping out | |||
| Aurionpro Solutions Ltd | 21.0× | ₹4,562 Cr | Mixed | |||
| Moschip Technologies Ltd | 141.0× | ₹4,508 Cr | Mixed | |||
| Capillary Technologies India Ltd | 128.0× | ₹3,790 Cr | — | — | — | — |
| TechNVision Ventures Ltd | 984.0× | ₹3,563 Cr | No read | |||
| Cigniti Technologies Ltd | 11.4× | ₹3,472 Cr | Mixed | |||
| 63 Moons Technologies Ltd | — | ₹3,264 Cr | No read | |||
| ASM Technologies Ltd | 52.8× | ₹3,220 Cr | No read | |||
| TechNVision Ventures Ltd | 14,485.0× | ₹3,187 Cr | No read | |||
| R Systems International Ltd | 12.6× | ₹2,909 Cr | Turning around | |||
| Sasken Technologies Ltd | 48.1× | ₹2,765 Cr | Improving | |||
| BLS E-Services Ltd | 44.6× | ₹2,565 Cr | Mixed | |||
| Silver Touch Technologies Ltd | 71.0× | ₹2,538 Cr | Turning around | |||
| Saksoft Ltd | 16.3× | ₹2,231 Cr | Mixed | |||
| Blue Cloud Softech Solutions Ltd | 31.2× | ₹1,889 Cr | Mixed | |||
| Hypersoft Technologies Ltd | 440.0× | ₹1,798 Cr | No read | |||
| Kody Technolab Ltd | 104.0× | ₹1,748 Cr | — | — | — | — |
| IZMO Ltd | 34.8× | ₹1,653 Cr | Improving | |||
| NINtec Systems Ltd | 50.3× | ₹1,610 Cr | Mixed | |||
| Dynacons Systems & Solutions Ltd | 18.6× | ₹1,580 Cr | Mixed | |||
| Magellanic Cloud Ltd | 13.6× | ₹1,568 Cr | Mixed |
Frequently asked questions
What is Mindteck (India) Ltd's share price today?
Mindteck (India) Ltd trades at ₹203, −7.3% over the past year. The company is valued at ₹623 Cr. The stock sits at 37% of its 52-week range of ₹156–₹283, −3.5% versus its 200-day average. On the tape, the price is in a downtrend, 1 weeks in. — as of 24 July 2026.
What were Mindteck (India) Ltd's latest quarterly results?
Mindteck (India) Ltd reported revenue of ₹104 Cr and net profit of ₹10.0 Cr for the Mar 26 quarter. Revenue rose 0.0% and profit rose 42.9% year on year. Earnings per share were ₹3.18. The operating margin was 10.0%, 2.0 pp higher than a year earlier. — as of 24 July 2026.
What is Mindteck (India) Ltd's revenue?
Mindteck (India) Ltd reported revenue of ₹104 Cr in the Mar 26 quarter, +0.0% year on year. For the full FY26 fiscal year, revenue was ₹407 Cr (−4.0%). Over the last 10 years revenue compounded at 2.7% a year. — as of 24 July 2026.
What is Mindteck (India) Ltd's profit?
Mindteck (India) Ltd earned ₹10.0 Cr of net profit in the Mar 26 quarter, +42.9% year on year. Full-year FY26 profit was ₹32.0 Cr. The operating margin ran 10.0% in the latest quarter. — as of 24 July 2026.
What is Mindteck (India) Ltd's market cap?
Mindteck (India) Ltd's market capitalisation is ₹623 Cr at a share price of ₹203. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Mindteck (India) Ltd's P/E ratio?
Mindteck (India) Ltd trades at a P/E of 18.3×, at the 26th percentile of its own 10-year range, against a long-run median of 22.5×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Mindteck (India) Ltd pay a dividend?
Yes — Mindteck (India) Ltd's dividend payout was 10% of profit in FY26, and it recorded a payout in 10 of its last 13 reported fiscal years. One of those years shows a negative ratio because profit itself was negative. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Mindteck (India) Ltd overvalued?
On its own history, Mindteck (India) Ltd looks cheap against its own history: its P/E of 18.3× has been cheaper only 26% of the time in 10 years (long-run median 22.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.
Is Mindteck (India) Ltd growing?
Yes — Mindteck (India) Ltd is growing: latest-quarter revenue +0.0% year on year, profit +42.9%, and the margin +2.0 pp at 10.0%. The 10-year compound rates are 2.7% (revenue) and 2.1% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Mindteck (India) Ltd performing?
Mindteck (India) Ltd is in a downtrend, 1 weeks in. Its latest quarter's revenue rose 0.0% and profit rose 42.9% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Mindteck (India) Ltd in?
Turning around — profit growth swung from +0.0% at the trough to +42.9% off a 1-quarter-old trough (single-quarter readings), ROCE holding at 15.0%. The read comes from the last 12 quarters of growth (revenue growth +0.0% latest, profit growth +42.9% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Mindteck (India) Ltd in an uptrend?
No — the price is in a downtrend (week 1 of stage 4), trading −3.5% versus its 200-day average and at 37% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Mindteck (India) Ltd beating the market?
Not lately — on a trailing-13-week view Mindteck (India) Ltd is currently behind the NIFTY 500 (3 weeks and counting; last ahead the week of 2026-07-01), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +217% against the NIFTY 500's +274% — behind the index over the full window. — as of 24 July 2026.
Will Mindteck (India) Ltd's share price go up?
This page publishes no price forecast for Mindteck (India) Ltd. What it measures instead: the share price is ₹203, the price is in a downtrend 1 weeks in. Its P/E of 18.3× sits at the 26th percentile of its own 10-year range. — as of 24 July 2026.
Who owns Mindteck (India) Ltd?
Promoters hold 64.2% of Mindteck (India) Ltd, foreign institutions 0.1%, domestic institutions 0.0% and the public 35.7% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 24 July 2026.
Does Mindteck (India) Ltd have too much debt?
No — Mindteck (India) Ltd's debt-to-equity is 0.01, and operating profit covers the interest bill 38×. FY26 borrowings were ₹4.0 Cr against equity of ₹304 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Mindteck (India) Ltd's capex?
Mindteck (India) Ltd spent ₹11.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹0.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Mindteck (India) Ltd's cash flow?
Mindteck (India) Ltd generated ₹26.0 Cr of operating cash flow in FY26 and ₹26.0 Cr of free cash flow after ₹0.0 Cr of capital spending. Reported profit that year was ₹32.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Mindteck (India) Ltd's profit real cash?
Yes — over the last 3 fiscal years, 82% of Mindteck (India) Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹26.0 Cr against reported profit of ₹32.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Mindteck (India) Ltd in its business cycle?
Mindteck (India) Ltd's FY26 operating margin was 9.0%, against a 13-year band of 0.0%–9.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 10.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Mindteck (India) Ltd story?
Biggest watch item: margins are the best this company has ever printed — every ratio flatters at record profitability, so the whole story leans on margins holding. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Mindteck (India) Ltd a stock worth studying right now?
This is not investment advice. The machine read: Mindteck (India) Ltd's earnings have outrun its stock. EPS grew +9.7% in a year against a −7.3% price move. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.