Mastek Peer Comparison

NSE: MASTEK | BSE: 523704

₹1,555.60

₹-7.20 (-0.46%)

As on 01-Oct-2026IST

Market cap

₹4,825 Cr

Revenue (TTM)

₹3,769 Cr

P/E Ratio

11.5

P/B Ratio

1.6

Div. Yield

1.5 %

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	Mastek	Sterlite Tech	Tata Elxsi	Black Box	Zensar Tech
Market cap (₹ Cr)	4,825	49,057	19,309	14,150	9,862
Revenue (₹ Cr)	3,769	5,642	3,886	6,654	5,811
Net Profit (₹ Cr)	417.83	243.00	654.66	226.02	776.40
Net Margin (%)	10.88	4.26	16.07	3.38	12.84
RoE (%)	15.45	11.03	25.28	26.28	17.67
Price to Earnings	11.55	201.88	29.49	62.61	12.70
Price-To-Book	1.56	12.82	6.06	10.54	2.07

Income Statement (₹ Cr)

	Mastek	Sterlite Tech	Tata Elxsi	Black Box	Zensar Tech
Operating Revenue	3,769.30	5,642.00	3,886.44	6,653.61	5,810.70
Total Income	3,841.18	5,698.00	4,073.40	6,679.47	6,045.20
Total Expenditure	3,176.09	4,813.00	3,010.31	6,057.21	4,884.30
EBITDA	593.21	829.00	876.13	596.40	926.40
Depreciation	72.53	321.00	91.80	125.38	96.70
EBIT	520.68	508.00	784.33	471.02	829.70
Interest	29.85	229.00	14.39	172.06	12.00
Other Income	71.88	56.00	186.96	25.86	234.50
Exceptional Items	-23.73	16.00	-95.69	-69.74	-24.90
Profit before Tax	538.98	351.00	861.22	255.08	1,027.30
Provision for Tax	121.15	108.00	206.56	29.06	250.90
Profit after Tax	417.83	243.00	654.66	226.02	776.40

	Mastek	Sterlite Tech	Tata Elxsi	Black Box	Zensar Tech
Shareholder's Funds	2,991.85	2,268.00	3,041.34	1,286.91	4,719.10
Minority Interest	0.00	0.00	0.00	0.00	0.00
Non-Current Liabilities	336.67	1,358.00	164.21	1,237.99	214.40
Current Liabilities	980.31	2,720.00	756.99	1,768.80	1,150.00
Total Liabilities	4,293.11	6,288.00	3,962.54	4,293.70	6,072.00

	Mastek	Sterlite Tech	Tata Elxsi	Black Box	Zensar Tech
Non-Current Assets	2,151.31	3,550.00	210.83	635.59	1,703.30
Current Assets	2,114.34	2,663.00	2,968.15	3,236.20	4,050.30
Total Assets	4,293.11	6,288.00	3,962.54	4,293.70	6,072.00
Total Debt*	421.39	1,827.00	0.00	826.95	0.00
Net Current Assets	1,134.03	-57.00	2,211.16	1,467.40	2,900.30
Contingent Liabilities	46.12	226.00	0.67	24.77	36.30

	Mastek	Sterlite Tech	Tata Elxsi	Black Box	Zensar Tech
Cash From Operating Activities	541.69	520.00	663.98	83.95	770.80
Cash Flow from Investing Activities	-66.16	-507.00	-72.52	-56.85	-240.60
Cash from Financing Activities	-299.99	-133.00	-534.79	196.59	-401.00
Net Cash Inflow / Outflow	175.54	-120.00	56.67	223.69	129.20

	Mastek	Sterlite Tech	Tata Elxsi	Black Box	Zensar Tech
ROCE (%)	17.21	8.38	28.57	22.50	23.53
ROE (%)	15.45	11.03	25.28	26.28	17.67
ROA (%)	10.23	4.09	17.35	6.14	13.79
EBIT Margin (%)	13.81	9.00	20.18	7.08	14.28
Net Margin (%)	10.88	4.26	16.07	3.38	12.84
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Mastek	Sterlite Tech	Tata Elxsi	Black Box	Zensar Tech
Revenue Growth (%)	5.97	36.18	5.19	12.20	8.06
EBIT Growth (%)	7.06	207.88	-2.60	17.69	13.53
Net Profit Growth (%)	5.38	1,529.41	-12.15	5.22	15.21
EPS Growth (%)	12.57	1,442.70	-2.61	1.66	17.78
Book Value Growth (%)	22.56	7.68	6.23	90.79	14.21

	Mastek	Sterlite Tech	Tata Elxsi	Black Box	Zensar Tech
Price / Earnings	11.01	203.87	26.60	48.13	12.40
Price / Book Value	1.56	12.82	6.06	10.54	2.07
Dividend Yield (%)	1.54	0.00	2.42	0.13	3.46
EV/EBITDA	7.26	60.98	20.13	24.21	7.85
Market Cap (₹ Cr)	4,164.05	8,645.86	24,776.83	7,930.76	11,655.76

	Mastek	Sterlite Tech	Tata Elxsi	Black Box	Zensar Tech
Debt to Equity	0.08	0.51	0.00	0.62	0.00
Short term debt to equity ratio	--	0.18	--	0.01	--
Current Ratio	2.16	0.98	3.92	1.83	3.52
Quick Ratio	2.16	0.65	3.92	1.65	3.52
Interest Coverage	19.06	2.53	60.86	2.48	86.61

	Mastek	Sterlite Tech	Tata Elxsi	Black Box	Zensar Tech
Debtors to sales (%)	15.38	18.89	27.77	17.34	15.91
Asset Turnover	0.92	0.95	1.03	1.81	1.03
Receivable days	54.49	72.77	99.61	49.67	55.01
Inventory Days	0.00	63.15	0.00	15.38	0.00
Payable days	--	152.27	2,557.12	110.29	--
Cash Conversion Cycle	--	-16.35	-2,457.51	-45.24	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.