MASTEK
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Recent events
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News
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Corporate Actions
Mastek Secures 5-Year 49 Million Euro Contract With UK Home Office
Feb 27 (Reuters) - Mastek Ltd MAST.NS:
SECURES 5-YEAR 49 MILLION EURO CONTRACT WITH UK HOME OFFICE
Source text: ID:nBSE6zJsWC
Further company coverage: MAST.NS
(([email protected];))
Feb 27 (Reuters) - Mastek Ltd MAST.NS:
SECURES 5-YEAR 49 MILLION EURO CONTRACT WITH UK HOME OFFICE
Source text: ID:nBSE6zJsWC
Further company coverage: MAST.NS
(([email protected];))
Mastek Announced Expansion Of Its Leeds Office
Feb 11 (Reuters) - Mastek Ltd MAST.NS:
ANNOUNCED EXPANSION OF ITS LEEDS OFFICE
Source text: ID:nBSE43F6X4
Further company coverage: MAST.NS
(([email protected];))
Feb 11 (Reuters) - Mastek Ltd MAST.NS:
ANNOUNCED EXPANSION OF ITS LEEDS OFFICE
Source text: ID:nBSE43F6X4
Further company coverage: MAST.NS
(([email protected];))
Zensar Technologies Clarifies Report On Co Being Frontrunner To Buy Mastek
Feb 3 (Reuters) - Mastek Ltd MAST.NS:
CLARIFIES REPORT ON CO BEING FRONTRUNNER TO BUY MASTEK IN $900 MILLION DEAL
SAYS NOT AWARE OF ANY SUCH INFORMATION ON MASTEK DEAL
Further company coverage: ZENT.NSMAST.NS
(([email protected];))
Feb 3 (Reuters) - Mastek Ltd MAST.NS:
CLARIFIES REPORT ON CO BEING FRONTRUNNER TO BUY MASTEK IN $900 MILLION DEAL
SAYS NOT AWARE OF ANY SUCH INFORMATION ON MASTEK DEAL
Further company coverage: ZENT.NSMAST.NS
(([email protected];))
Mastek's Unit In Malaysia Initiates Voluntary Winding Up
Jan 9 (Reuters) - Mastek Ltd MAST.NS:
UNIT IN MALAYSIA INITIATES VOLUNTARY WINDING UP
Source text: ID:nBSE5S1mWK
Further company coverage: MAST.NS
(([email protected];))
Jan 9 (Reuters) - Mastek Ltd MAST.NS:
UNIT IN MALAYSIA INITIATES VOLUNTARY WINDING UP
Source text: ID:nBSE5S1mWK
Further company coverage: MAST.NS
(([email protected];))
India's Mastek rises on report of promoters considering stake sale at premium
** Mastek MAST.NS rises as much as 5.8% to 2,318 rupees; set to snap three straight sessions of losses
** Technology solutions provider's promoters exploring sale of ~20% stake, per CNBC-TV18 report
** Promoters seeking up to 25% premium over current market price, report adds
** Stock rated "buy" on average; median PT at 2,757.5 rupees, per data compiled by LSEG
** MAST last up 1.6%, taking YTD losses to 25.5%
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
** Mastek MAST.NS rises as much as 5.8% to 2,318 rupees; set to snap three straight sessions of losses
** Technology solutions provider's promoters exploring sale of ~20% stake, per CNBC-TV18 report
** Promoters seeking up to 25% premium over current market price, report adds
** Stock rated "buy" on average; median PT at 2,757.5 rupees, per data compiled by LSEG
** MAST last up 1.6%, taking YTD losses to 25.5%
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
Mastek Says Raghavendra Jha Resigns As CFO
June 24 (Reuters) - Mastek Ltd MAST.NS:
MASTEK LTD - RAGHAVENDRA JHA RESIGNS AS CFO OF MASTEK
Source text: ID:nBSEYQm3W
Further company coverage: MAST.NS
(([email protected];))
June 24 (Reuters) - Mastek Ltd MAST.NS:
MASTEK LTD - RAGHAVENDRA JHA RESIGNS AS CFO OF MASTEK
Source text: ID:nBSEYQm3W
Further company coverage: MAST.NS
(([email protected];))
Mastek Ltd Launches ADOPT.AI For Enterprise AI Adoption
June 19 (Reuters) - Mastek Ltd MAST.NS:
LAUNCHES ADOPT.AI FOR ENTERPRISE AI ADOPTION
Source text: ID:nBSE7FJ3SN
Further company coverage: MAST.NS
(([email protected];;))
June 19 (Reuters) - Mastek Ltd MAST.NS:
LAUNCHES ADOPT.AI FOR ENTERPRISE AI ADOPTION
Source text: ID:nBSE7FJ3SN
Further company coverage: MAST.NS
(([email protected];;))
Mastek Awarded NHS England Contract
June 16 (Reuters) - Mastek Ltd MAST.NS:
AWARDED NHS ENGLAND CONTRACT
Source text: [ID:]
Further company coverage: MAST.NS
(([email protected];;))
June 16 (Reuters) - Mastek Ltd MAST.NS:
AWARDED NHS ENGLAND CONTRACT
Source text: [ID:]
Further company coverage: MAST.NS
(([email protected];;))
Mastek Ltd Partners With Zulekha Healthcare For Digital Transformation
May 8 (Reuters) - Mastek Ltd MAST.NS:
PARTNERS WITH ZULEKHA HEALTHCARE FOR DIGITAL TRANSFORMATION
Source text: ID:nBSE9W1lyx
Further company coverage: MAST.NS
(([email protected];;))
May 8 (Reuters) - Mastek Ltd MAST.NS:
PARTNERS WITH ZULEKHA HEALTHCARE FOR DIGITAL TRANSFORMATION
Source text: ID:nBSE9W1lyx
Further company coverage: MAST.NS
(([email protected];;))
DIARY-India economic, corporate events on April 18
BENGALURU, April 18 Reuters - Diary of India economic, corporate events on April 18
ECONOMIC, CORPORATE .BSE500 EVENTS:
Start Date | Start Time | RIC | Company Name | Event Name |
18-Apr-2025 | NTS | MAST.NS | Mastek Ltd | Q4 2025 Mastek Ltd Earnings Release |
18-Apr-2025 | NTS | NEFI.NS | Network18 Media & Investments Ltd | Q4 2025 Network18 Media & Investments Ltd Earnings Release |
18-Apr-2025 | NTS | JUST.NS | Just Dial Ltd | Q4 2025 Just Dial Ltd Earnings Release |
RIC | Local Start Date | Local Time | Indicator Name | Period | Reuters Poll | Prior |
INLOAN=ECI | 18 Apr 2025 | 17:00 | Bank Loan Growth | 4 Apr, w/e | 11.0% | |
INDEP=ECI | 18 Apr 2025 | 17:00 | Deposit Growth | 4 Apr, w/e | 10.3% | |
INFXR=ECI | 18 Apr 2025 | 17:00 | FX Reserves, USD | 11 Apr, w/e | 676.27B |
(Compiled by Bengaluru Newsroom)
BENGALURU, April 18 Reuters - Diary of India economic, corporate events on April 18
ECONOMIC, CORPORATE .BSE500 EVENTS:
Start Date | Start Time | RIC | Company Name | Event Name |
18-Apr-2025 | NTS | MAST.NS | Mastek Ltd | Q4 2025 Mastek Ltd Earnings Release |
18-Apr-2025 | NTS | NEFI.NS | Network18 Media & Investments Ltd | Q4 2025 Network18 Media & Investments Ltd Earnings Release |
18-Apr-2025 | NTS | JUST.NS | Just Dial Ltd | Q4 2025 Just Dial Ltd Earnings Release |
RIC | Local Start Date | Local Time | Indicator Name | Period | Reuters Poll | Prior |
INLOAN=ECI | 18 Apr 2025 | 17:00 | Bank Loan Growth | 4 Apr, w/e | 11.0% | |
INDEP=ECI | 18 Apr 2025 | 17:00 | Deposit Growth | 4 Apr, w/e | 10.3% | |
INFXR=ECI | 18 Apr 2025 | 17:00 | FX Reserves, USD | 11 Apr, w/e | 676.27B |
(Compiled by Bengaluru Newsroom)
Mastek Ltd Says Named Supplier On UK Crown Commercial Service's DCFH 2 Framework
March 6 (Reuters) - Mastek Ltd MAST.NS:
NAMED SUPPLIER ON UK CROWN COMMERCIAL SERVICE'S DCFH 2 FRAMEWORK
DCFH 2 FRAMEWORK TO OPERATE FOR THREE YEARS WITH ONE-YEAR EXTENSION OPTION
Source text: ID:nBSEbVKpst
Further company coverage: MAST.NS
(([email protected];;))
March 6 (Reuters) - Mastek Ltd MAST.NS:
NAMED SUPPLIER ON UK CROWN COMMERCIAL SERVICE'S DCFH 2 FRAMEWORK
DCFH 2 FRAMEWORK TO OPERATE FOR THREE YEARS WITH ONE-YEAR EXTENSION OPTION
Source text: ID:nBSEbVKpst
Further company coverage: MAST.NS
(([email protected];;))
Mastek In Receipt Of Administrative Warning Letter Issued By Securities And Exchange Board Of India
Feb 28 (Reuters) - Mastek Ltd MAST.NS:
RECEIPT OF ADMINISTRATIVE WARNING LETTER ISSUED BY SECURITIES AND EXCHANGE BOARD OF INDIA
Source text: ID:nBSE3RmT7C
Further company coverage: MAST.NS
(([email protected];;))
Feb 28 (Reuters) - Mastek Ltd MAST.NS:
RECEIPT OF ADMINISTRATIVE WARNING LETTER ISSUED BY SECURITIES AND EXCHANGE BOARD OF INDIA
Source text: ID:nBSE3RmT7C
Further company coverage: MAST.NS
(([email protected];;))
India's Mastek gains on $85 mln order wins
** Mastek MAST.NS rises as much as 4.4% to 2,465 rupees
** IT services co secures multiple contracts worth ~$85 mln from the UK public service department
** More than 72,000 shares traded, near their 30-day moving avg
** Stock rated "buy" on avg; median PT is 3,410 rupees - LSEG
** MAST last up 0.6%, cutting YTD losses to 20.7%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Mastek MAST.NS rises as much as 4.4% to 2,465 rupees
** IT services co secures multiple contracts worth ~$85 mln from the UK public service department
** More than 72,000 shares traded, near their 30-day moving avg
** Stock rated "buy" on avg; median PT is 3,410 rupees - LSEG
** MAST last up 0.6%, cutting YTD losses to 20.7%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Mastek Secures Contracts Worth $85 Million Over 2 Years
Feb 26 (Reuters) - Mastek Ltd MAST.NS:
MASTEK LTD - SECURES CONTRACTS WORTH $85 MILLION OVER 2 YEARS
Source text: ID:nBSE6vZCMp
Further company coverage: MAST.NS
(([email protected];;))
Feb 26 (Reuters) - Mastek Ltd MAST.NS:
MASTEK LTD - SECURES CONTRACTS WORTH $85 MILLION OVER 2 YEARS
Source text: ID:nBSE6vZCMp
Further company coverage: MAST.NS
(([email protected];;))
Mastek Ltd Announces Strategic Partnership With Openana
Feb 10 (Reuters) - Mastek Ltd MAST.NS:
ANNOUNCES STRATEGIC PARTNERSHIP WITH OPENANA
PARTNERSHIP TO ENHANCE GENERATIVE AI CAPABILITIES
Source text: ID:nBSE2YvMCW
Further company coverage: MAST.NS
(([email protected];;))
Feb 10 (Reuters) - Mastek Ltd MAST.NS:
ANNOUNCES STRATEGIC PARTNERSHIP WITH OPENANA
PARTNERSHIP TO ENHANCE GENERATIVE AI CAPABILITIES
Source text: ID:nBSE2YvMCW
Further company coverage: MAST.NS
(([email protected];;))
Mastek Dec-Quarter Consol PAT 947.1 Mln Rupees
Jan 16 (Reuters) - Mastek Ltd MAST.NS:
DIVIDEND OF 7 RUPEES PER SHARE
DEC-QUARTER CONSOL PAT 947.1 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.7 BILLION RUPEES
APPOINTS UMANG NAHATA AS CEO-MASTEK GROUP FOR 3-YEAR TERM EFFECTIVE JAN 16, 2025
APPROVES INCREASE OF CORPORATE GUARANTEE FOR MASTEK ARABIA TO $6.6 MILLION
Source text: ID:nBSE1W09JY
Further company coverage: MAST.NS
(([email protected];;))
Jan 16 (Reuters) - Mastek Ltd MAST.NS:
DIVIDEND OF 7 RUPEES PER SHARE
DEC-QUARTER CONSOL PAT 947.1 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.7 BILLION RUPEES
APPOINTS UMANG NAHATA AS CEO-MASTEK GROUP FOR 3-YEAR TERM EFFECTIVE JAN 16, 2025
APPROVES INCREASE OF CORPORATE GUARANTEE FOR MASTEK ARABIA TO $6.6 MILLION
Source text: ID:nBSE1W09JY
Further company coverage: MAST.NS
(([email protected];;))
Mastek Ltd Says Global Chief Financial Officer Arun Agarwal Resigns
Dec 4 (Reuters) - Mastek Ltd MAST.NS:
GLOBAL CHIEF FINANCIAL OFFICER ARUN AGARWAL RESIGNS
Source text: ID:nBSE1DdB1k
Further company coverage: MAST.NS
(([email protected];;))
Dec 4 (Reuters) - Mastek Ltd MAST.NS:
GLOBAL CHIEF FINANCIAL OFFICER ARUN AGARWAL RESIGNS
Source text: ID:nBSE1DdB1k
Further company coverage: MAST.NS
(([email protected];;))
Mastek Partners With Innovaccer To Transform Value-Based Care And Improve Patient Experience
Oct 21 (Reuters) - Mastek Ltd MAST.NS:
PARTNERS WITH INNOVACCER TO TRANSFORM VALUE-BASED CARE AND IMPROVE PATIENT EXPERIENCE
Source text for Eikon: ID:nBSE8t20Bk
Further company coverage: MAST.NS
(([email protected];;))
Oct 21 (Reuters) - Mastek Ltd MAST.NS:
PARTNERS WITH INNOVACCER TO TRANSFORM VALUE-BASED CARE AND IMPROVE PATIENT EXPERIENCE
Source text for Eikon: ID:nBSE8t20Bk
Further company coverage: MAST.NS
(([email protected];;))
Mastek Sept-Quarter Consol Net Profit 1.29 Bln Rupees
Oct 18 (Reuters) - Mastek Ltd MAST.NS:
SEPT-QUARTER CONSOL NET PROFIT 1.29 BILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 8.67 BILLION RUPEES
Source text for Eikon: ID:nBSEJQQth
Further company coverage: MAST.NS
(([email protected];;))
Oct 18 (Reuters) - Mastek Ltd MAST.NS:
SEPT-QUARTER CONSOL NET PROFIT 1.29 BILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 8.67 BILLION RUPEES
Source text for Eikon: ID:nBSEJQQth
Further company coverage: MAST.NS
(([email protected];;))
Mastek Ltd Approves Scheme Of Arrangement With Unit Mastek Enterprise Solutions
Sept 26 (Reuters) - Mastek Ltd MAST.NS:
NAMES UMANG NAHATA AS GLOBAL CEO - MASTEK GROUP
APPROVED SCHEME OF ARRANGEMENT WITH UNIT MASTEK ENTERPRISE SOLUTIONS
Source text for Eikon: ID:nBSEVvXx7
Further company coverage: MAST.NS
(([email protected];;))
Sept 26 (Reuters) - Mastek Ltd MAST.NS:
NAMES UMANG NAHATA AS GLOBAL CEO - MASTEK GROUP
APPROVED SCHEME OF ARRANGEMENT WITH UNIT MASTEK ENTERPRISE SOLUTIONS
Source text for Eikon: ID:nBSEVvXx7
Further company coverage: MAST.NS
(([email protected];;))
Mastek Announces Strategic Partnership With Onyx Health
Aug 28 (Reuters) - Mastek Ltd MAST.NS:
ANNOUNCES STRATEGIC PARTNERSHIP WITH ONYX HEALTH
Source text for Eikon: ID:nBSEMcQ4S
Further company coverage: MAST.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Aug 28 (Reuters) - Mastek Ltd MAST.NS:
ANNOUNCES STRATEGIC PARTNERSHIP WITH ONYX HEALTH
Source text for Eikon: ID:nBSEMcQ4S
Further company coverage: MAST.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Mastek June-Quarter Consol Net Profit 715 Million Rupees
July 18 (Reuters) - Mastek Ltd MAST.NS:
JUNE-QUARTER CONSOL NET PROFIT 715 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 8.13 BILLION RUPEES
Source text for Eikon: ID:nNSE12DJCg
Further company coverage: MAST.NS
(([email protected];))
July 18 (Reuters) - Mastek Ltd MAST.NS:
JUNE-QUARTER CONSOL NET PROFIT 715 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 8.13 BILLION RUPEES
Source text for Eikon: ID:nNSE12DJCg
Further company coverage: MAST.NS
(([email protected];))
Mastek Announced It Is Advancing Its Icxpro Platform With Nvidia Accelerated Computing
June 6 (Reuters) - Mastek Ltd MAST.NS:
ANNOUNCED IT IS ADVANCING ITS ICXPRO PLATFORM WITH NVIDIA ACCELERATED COMPUTING
Further company coverage: MAST.NS
(([email protected];))
June 6 (Reuters) - Mastek Ltd MAST.NS:
ANNOUNCED IT IS ADVANCING ITS ICXPRO PLATFORM WITH NVIDIA ACCELERATED COMPUTING
Further company coverage: MAST.NS
(([email protected];))
India's Mastek climbs on deal with Saudi Arabia's Yanbu Cement
** Shares of IT services company Mastek MAST.NS up as much as 6.6% to 2,825.50 rupees
** However, MAST surrenders most gains, last up ~1.4%
** Co says it won multi-tower deal from Saudi Arabia's Yanbu Cement Company to optimize its production line
** It, however, did not disclose financial details of the deal
** Avg recommendation of 5 analysts is a "buy", median PT is 3,000 rupees - LSEG data
** Stock down 4.4% YTD vs Nifty 500 index's .NIFTY500 6.3% rise
(Reporting by Rama Venkat in Bengaluru)
** Shares of IT services company Mastek MAST.NS up as much as 6.6% to 2,825.50 rupees
** However, MAST surrenders most gains, last up ~1.4%
** Co says it won multi-tower deal from Saudi Arabia's Yanbu Cement Company to optimize its production line
** It, however, did not disclose financial details of the deal
** Avg recommendation of 5 analysts is a "buy", median PT is 3,000 rupees - LSEG data
** Stock down 4.4% YTD vs Nifty 500 index's .NIFTY500 6.3% rise
(Reporting by Rama Venkat in Bengaluru)
India's Mastek surges on deal to supply UK's defence ministry
** Shares of Mastek MAST.NS jump ~13%, on pace for best day in nearly 3 years, amidst heavy trading
** Mastek named supplier in UK defence ministry's Digital and IT Professional Services (DIPS) framework, with budget of 1.2 bln pounds ($1.50 bln) over 4 years
** ~260,000 MAST shares traded, most active day in 2 months
** Session's gains push stock to YTD gains of ~3%
($1 = 0.8015 pounds)
(Reporting by Nishit Navin)
(([email protected];))
** Shares of Mastek MAST.NS jump ~13%, on pace for best day in nearly 3 years, amidst heavy trading
** Mastek named supplier in UK defence ministry's Digital and IT Professional Services (DIPS) framework, with budget of 1.2 bln pounds ($1.50 bln) over 4 years
** ~260,000 MAST shares traded, most active day in 2 months
** Session's gains push stock to YTD gains of ~3%
($1 = 0.8015 pounds)
(Reporting by Nishit Navin)
(([email protected];))
Sharekhan raises TP for India's Mastek, sees strong order booking
** Shares of Mastek MAST.NS up 0.5% to 2783.7 rupees
** Brokerage Sharekhan increases target price of the enterprise technology solutions provider to 3,235 rupees, representing 16% upside to stock's last close
** Maintains "buy" rating
** Increase in TP due to possible strong order booking in the resilient UK public sector - Sharekhan
** Strong US growth profile and account mining efforts will offer stronger revenue visibility for FY25 and aid in industry leading growth in addition to recovery in margin profile - Sharekhan
** Stock set to rise for third straight quarter after four quarters of losses; gains ~89% during the period, as of last close
** Stock up ~63% YTD compared to 19% rise in Nifty 50 index .NSEI
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected] ;))
** Shares of Mastek MAST.NS up 0.5% to 2783.7 rupees
** Brokerage Sharekhan increases target price of the enterprise technology solutions provider to 3,235 rupees, representing 16% upside to stock's last close
** Maintains "buy" rating
** Increase in TP due to possible strong order booking in the resilient UK public sector - Sharekhan
** Strong US growth profile and account mining efforts will offer stronger revenue visibility for FY25 and aid in industry leading growth in addition to recovery in margin profile - Sharekhan
** Stock set to rise for third straight quarter after four quarters of losses; gains ~89% during the period, as of last close
** Stock up ~63% YTD compared to 19% rise in Nifty 50 index .NSEI
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected] ;))
Mastek Says NSE, BSE Levied Fine Of 584,000 Rupees Each On Co
Nov 22 (Reuters) - Mastek Ltd MAST.NS:
NSE, BSE LEVIED FINE OF 584,000 RUPEES EACH ON CO
Source text for Eikon: ID:nBSE2s4M3M
Further company coverage: MAST.NS
(([email protected];))
Nov 22 (Reuters) - Mastek Ltd MAST.NS:
NSE, BSE LEVIED FINE OF 584,000 RUPEES EACH ON CO
Source text for Eikon: ID:nBSE2s4M3M
Further company coverage: MAST.NS
(([email protected];))
India's Mastek sees sharpest intraday low in almost a year after Q2 profit fall
** Shares of Mastek MAST.NS down as much as 8.3% to 2,166 rupees, their sharpest intraday low since Nov. 18, 2022
** Co's Sept-qtr net profit falls nearly 21% Y/Y
** Total expenses up 25%, dragged by employee costs which rose 26.2%
** Rev from ops up 22.4%
** Nearly 147,000 shares change hands by 3:03 p.m. IST, 2.4x the 30-day avg volume
** Stock last down 1.2%, trimming YTD gains to ~37%
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Mastek MAST.NS down as much as 8.3% to 2,166 rupees, their sharpest intraday low since Nov. 18, 2022
** Co's Sept-qtr net profit falls nearly 21% Y/Y
** Total expenses up 25%, dragged by employee costs which rose 26.2%
** Rev from ops up 22.4%
** Nearly 147,000 shares change hands by 3:03 p.m. IST, 2.4x the 30-day avg volume
** Stock last down 1.2%, trimming YTD gains to ~37%
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Mastek Says UK's Government Digital Service Gives £8.5 Million Contract To Co
Oct 18 (Reuters) - Mastek Ltd MAST.NS:
UK'S GOVERNMENT DIGITAL SERVICE CONTRACTS MASTEK TO DELIVER TECHNICAL SERVICE DESK FOR ONE LOGIN PROGRAMME
THE THREE-YEAR CONTRACT IS VALUED AT £8.5 MILLION
THE THREE-YEAR CONTRACT CAN BE EXTENDED TO FIVE YEARS
Further company coverage: MAST.NS
(([email protected];))
Oct 18 (Reuters) - Mastek Ltd MAST.NS:
UK'S GOVERNMENT DIGITAL SERVICE CONTRACTS MASTEK TO DELIVER TECHNICAL SERVICE DESK FOR ONE LOGIN PROGRAMME
THE THREE-YEAR CONTRACT IS VALUED AT £8.5 MILLION
THE THREE-YEAR CONTRACT CAN BE EXTENDED TO FIVE YEARS
Further company coverage: MAST.NS
(([email protected];))
Mastek Partners with Restek Corporation
Sept 6 (Reuters) - Mastek Ltd MAST.NS:
RESTEK LEVERAGES ORACLE EXPERTISE FROM MASTEK TO ENHANCE CHROMATOGRAPHY ONLINE SOLUTIONS
ANNOUNCED ITS PARTNERSHIP WITH RESTEK CORPORATION
Source text for Eikon: ID:nBSE2vW5j8
Further company coverage: MAST.NS
(([email protected];))
Sept 6 (Reuters) - Mastek Ltd MAST.NS:
RESTEK LEVERAGES ORACLE EXPERTISE FROM MASTEK TO ENHANCE CHROMATOGRAPHY ONLINE SOLUTIONS
ANNOUNCED ITS PARTNERSHIP WITH RESTEK CORPORATION
Source text for Eikon: ID:nBSE2vW5j8
Further company coverage: MAST.NS
(([email protected];))
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What does Mastek do?
Mastek Limited specializes in enterprise digital & cloud transformation services across multiple countries. Offering a range of technology solutions like Application Development, Business Intelligence, and Legacy Modernisation.
Who are the competitors of Mastek?
Mastek major competitors are Datamatic Global Ser, Happiest Minds Tech., CE Info Systems, Axiscades Tech., Tanla Platforms, eMudhra, R Systems Intl.. Market Cap of Mastek is ₹4,906 Crs. While the median market cap of its peers are ₹5,293 Crs.
Is Mastek financially stable compared to its competitors?
Mastek seems to be less financially stable compared to its competitors. Altman Z score of Mastek is 4.86 and is ranked 7 out of its 8 competitors.
Does Mastek pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Mastek latest dividend payout ratio is 18.93% and 3yr average dividend payout ratio is 19.41%
How has Mastek allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Accounts Receivable
How strong is Mastek balance sheet?
Balance sheet of Mastek is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Mastek improving?
Yes, profit is increasing. The profit of Mastek is ₹379 Crs for TTM, ₹376 Crs for Mar 2025 and ₹300 Crs for Mar 2024.
Is the debt of Mastek increasing or decreasing?
Yes, The net debt of Mastek is increasing. Latest net debt of Mastek is -₹0.17 Crs as of Sep-25. This is greater than Mar-25 when it was -₹367.59 Crs.
Is Mastek stock expensive?
Mastek is not expensive. Latest PE of Mastek is 12.79, while 3 year average PE is 23.85. Also latest EV/EBITDA of Mastek is 8.55 while 3yr average is 14.72.
Has the share price of Mastek grown faster than its competition?
Mastek has given lower returns compared to its competitors. Mastek has grown at ~-2.57% over the last 3yrs while peers have grown at a median rate of 3.14%
Is the promoter bullish about Mastek?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Mastek is 35.77% and last quarter promoter holding is 35.79%
Are mutual funds buying/selling Mastek?
The mutual fund holding of Mastek is increasing. The current mutual fund holding in Mastek is 7.74% while previous quarter holding is 6.3%.
