Mastek share price today

Mastek Ltd's share price was ₹1,443.70 at the close on 4 November 2026. It has been falling for 58 weeks. That is 18.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,398 and ₹2,269, and at that close it sat 5% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Mastek Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running.

Over the last 11 years the share price moved +1,112% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 7 quarters in a row, revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) and lowest operating margin in 16 quarters.

1. Indian funds and insurers (DIIs) raised their stake for 7 quarters in a row

   From 9.3% to 22% of the company by the September 2026 quarter.

2. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹1,019 crore, +8.4% on a year earlier.

   Why: Revenue rose because the UK business grew on strong financial services work, including data work for the Bank of England and peers.

   Next results: check whether delayed North America work starts bringing in money in the second half, as management expects.

   From the earnings call on 26 Oct 2026.

3. Lowest operating margin in 16 quarters

   Operating margin was 14% in the September 2026 quarter, against 16% a year earlier.

   Why: Margins fell because staff increments and employee share scheme costs rose, and because more work was lower-margin onsite security-cleared work.

   Next results: check whether operating margin rises from the September quarter through better mix and cost efficiency, as management expects.

   From the earnings call on 26 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Mastek reported revenue of ₹1,019 crore, up 8.4% from ₹940 crore a year earlier, and a profit of ₹106 crore, up 9.3% from ₹97.0 crore.

Mastek results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Mastek's management discussed these results on a call held on 26 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Mastek closed at ₹1,443.70 on 4 November 2026, down 31.2% from ₹2,099.60 a year earlier (7 November 2025) and down 49.1% over five years. Its highest weekly close since March 2016 was ₹3,313.70 on 1 April 2022.

Mastek share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Mastek closed at ₹1,443.70, up 1.0% on the week and down 7.2% on the month. 26 Oct 2026: Mastek held its results call for July to September 2026. Management guided: Operating profit uplift at least 160 basis points from Q2 base over medium term on internal repair.

Earlier

• Results for July to September 2026: Revenue up 8.4% and profit up 9.3% on a year earlier.
• 31 Aug 2026: ex-date for a dividend of ₹16 a share.
• 30 Jan 2026: ex-date for an interim dividend of ₹8 a share.

Mastek paid ₹24 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 1.66% at the ₹1,443.70 close on 4 November 2026. The last was a dividend of ₹16 a share, ex-date 31 August 2026.

Mastek dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Mastek Ltd paid out 18% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 26 October 2026, Mastek's management guided: Operating profit uplift at least 160 basis points from Q2 base over medium term on internal repair.

“We are clearly taking a very aggressive, forward-looking 3-year bet on delivering anywhere between 35% and 60-70% productivity on some of our traditional IT services.”Deepak Kedia, on the call for July to September 2026

What management guided

• FY27 revenue to exceed FY26 with H2 stronger than H1 despite Middle East drag.
• North America meaningful growth turnaround starting H2 on built backlog and AI base.
• United States and Middle East geo margins to improve from Q3 aiding recovery.
• Right-shifted healthcare orders to convert in H2 with beta ramps in Q3 to early Q4.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 26 October 2026.

When Mastek reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Healthcare beta awards to convert from Q3 to early Q4 per flagged timeline - check vertical growth rebound.

Mastek is on 3 of our India lists: Dividend stocks, AI & data centre stocks and IT stocks.

Mastek Ltd earned ₹106 Cr of net profit in the Sep 2026 quarter, +9.3% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹404 Cr. Over 10 years profit has grown 40.0% a year on average. That is 10.4% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹97.0 Cr.

For the full year, FY26 profit was ₹404 Cr (+7.4% on the year before).

Why profit moved: revenue changed +8.4% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +17.3% and revenue +5.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Mastek Ltd reported ₹1,019 Cr of revenue in the Sep 2026 quarter, +8.4% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 21.5% a year on average. The last full year, FY26, came in at ₹3,699 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹3,848 Cr.

FY26 revenue was ₹3,699 Cr, +7.1% on the year before.

Recent pace: the last four quarters grew +5.9% on average, against 21.5% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +6.0%, against +8.9% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +16.7%, against +6.9% a year (accelerating).

Mastek Ltd's operating margin was 14.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 3.5% and 21.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.2 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 124% of Mastek Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹542 Cr of operating cash against ₹404 Cr of profit. After ₹193 Cr of spending on assets, ₹349 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 124% of profit came in as cash: the cash cycle got 22 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building.

Mastek Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 57 days in FY26, down from 79 days in FY21. It spent ₹431 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹3,699 Cr, each day of that cycle ties up about ₹10.1 Cr, so roughly ₹578 Cr is tied up in the business at any time.

Spending on assets: ₹431 Cr over the last 3 years, against ₹238 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Mastek Ltd's P/E is 10.2×, near the low end of its own history: it has been lower only 10% of the time. Its usual P/E (the middle reading) is 17.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹137.43.