Mastek Limited
Mastek Limited, together with its subsidiaries, engages in the provision of enterprise technology solutions in India, the United Kingdom, Europe, North America, Middle East region, South-east Asia, India, Singapore, Australia, and internationally. The company offers digital and application engineering, including cloud engineering and migration, enterprise integration, low code, quality engineerin… Read more
Mastek Limited (MASTEK) - Net Assets
Latest net assets as of September 2025: ₹26.77 Billion INR
Based on the latest financial reports, Mastek Limited (MASTEK) has net assets worth ₹26.77 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹40.34 Billion) and total liabilities (₹13.57 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹26.77 Billion |
| % of Total Assets | 66.36% |
| Annual Growth Rate | 13.4% |
| 5-Year Change | 136.63% |
| 10-Year Change | 671.1% |
| Growth Volatility | 20.66 |
Mastek Limited - Net Assets Trend (2004–2025)
This chart illustrates how Mastek Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mastek Limited (2004–2025)
The table below shows the annual net assets of Mastek Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹24.62 Billion | +17.96% |
| 2024-03-31 | ₹20.87 Billion | +17.63% |
| 2023-03-31 | ₹17.75 Billion | +45.25% |
| 2022-03-31 | ₹12.22 Billion | +17.41% |
| 2021-03-31 | ₹10.41 Billion | +12.19% |
| 2020-03-31 | ₹9.28 Billion | +29.47% |
| 2019-03-31 | ₹7.16 Billion | +30.43% |
| 2018-03-31 | ₹5.49 Billion | +57.57% |
| 2017-03-31 | ₹3.49 Billion | +9.17% |
| 2016-03-31 | ₹3.19 Billion | -46.41% |
| 2015-03-31 | ₹5.96 Billion | +6.37% |
| 2014-03-31 | ₹5.60 Billion | +5.12% |
| 2013-03-31 | ₹5.33 Billion | -0.50% |
| 2012-03-31 | ₹5.36 Billion | +9.14% |
| 2011-03-31 | ₹4.91 Billion | -10.42% |
| 2010-03-31 | ₹5.48 Billion | +7.73% |
| 2009-03-31 | ₹5.08 Billion | +28.86% |
| 2008-03-31 | ₹3.95 Billion | +12.21% |
| 2007-03-31 | ₹3.52 Billion | +14.80% |
| 2006-03-31 | ₹3.06 Billion | +28.03% |
| 2005-03-31 | ₹2.39 Billion | +36.21% |
| 2004-03-31 | ₹1.76 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mastek Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1821360000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹18.21 Billion | 73.97% |
| Common Stock | ₹154.70 Million | 0.63% |
| Other Comprehensive Income | ₹1.80 Billion | 7.30% |
| Other Components | ₹4.46 Billion | 18.11% |
| Total Equity | ₹24.62 Billion | 100.00% |
Mastek Limited Competitors by Market Cap
The table below lists competitors of Mastek Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GRAINTURK Holding A.S.
IS:GRTHO
|
$274.17 Million |
|
Solusi Sinergi Digital Tbk PT
JK:WIFI
|
$274.20 Million |
|
Shanghai Yongguan Adhesive Products Corp Ltd
SHG:603681
|
$274.27 Million |
|
Ningbo Fuda Co Ltd
SHG:600724
|
$274.28 Million |
|
Hangzhou Greenda Electronic Materials Co Ltd
SHG:603931
|
$274.10 Million |
|
Hangzhou Electn Soul Network
SHG:603258
|
$273.85 Million |
|
FIRST BK (WILL. NJ) DL-01
F:6UT
|
$273.81 Million |
|
Crystal Growth & Energy Equipment Co. Ltd. A
SHG:688478
|
$273.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mastek Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,874,100,000 to 24,623,400,000, a change of 3,749,300,000 (18.0%).
- Net income of 3,759,300,000 contributed positively to equity growth.
- Dividend payments of 587,200,000 reduced retained earnings.
- Share repurchases of 3,200,000 reduced equity.
- New share issuances of 3,200,000 increased equity.
- Other comprehensive income increased equity by 467,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹3.76 Billion | +15.27% |
| Dividends Paid | ₹587.20 Million | -2.38% |
| Share Repurchases | ₹3.20 Million | -0.01% |
| Share Issuances | ₹3.20 Million | +0.01% |
| Other Comprehensive Income | ₹467.00 Million | +1.9% |
| Other Changes | ₹110.20 Million | +0.45% |
| Total Change | ₹- | 17.96% |
Book Value vs Market Value Analysis
This analysis compares Mastek Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.85x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 23.79x to 1.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹61.39 | ₹1460.30 | x |
| 2005-03-31 | ₹70.13 | ₹1460.30 | x |
| 2006-03-31 | ₹92.03 | ₹1460.30 | x |
| 2007-03-31 | ₹116.96 | ₹1460.30 | x |
| 2008-03-31 | ₹131.25 | ₹1460.30 | x |
| 2009-03-31 | ₹169.13 | ₹1460.30 | x |
| 2010-03-31 | ₹182.20 | ₹1460.30 | x |
| 2011-03-31 | ₹163.22 | ₹1460.30 | x |
| 2012-03-31 | ₹178.14 | ₹1460.30 | x |
| 2013-03-31 | ₹177.26 | ₹1460.30 | x |
| 2014-03-31 | ₹186.33 | ₹1460.30 | x |
| 2015-03-31 | ₹198.19 | ₹1460.30 | x |
| 2016-03-31 | ₹130.66 | ₹1460.30 | x |
| 2017-03-31 | ₹143.94 | ₹1460.30 | x |
| 2018-03-31 | ₹182.70 | ₹1460.30 | x |
| 2019-03-31 | ₹238.29 | ₹1460.30 | x |
| 2020-03-31 | ₹262.92 | ₹1460.30 | x |
| 2021-03-31 | ₹285.56 | ₹1460.30 | x |
| 2022-03-31 | ₹356.35 | ₹1460.30 | x |
| 2023-03-31 | ₹548.69 | ₹1460.30 | x |
| 2024-03-31 | ₹676.03 | ₹1460.30 | x |
| 2025-03-31 | ₹790.25 | ₹1460.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mastek Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.27%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.88%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.57x
- Recent ROE (15.27%) is below the historical average (15.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 16.54% | 7.26% | 1.56x | 1.46x | ₹114.86 Million |
| 2005 | 30.51% | 11.34% | 1.60x | 1.68x | ₹432.39 Million |
| 2006 | 30.47% | 12.25% | 1.43x | 1.74x | ₹566.24 Million |
| 2007 | 24.54% | 10.86% | 1.48x | 1.53x | ₹511.42 Million |
| 2008 | 31.90% | 14.08% | 1.18x | 1.91x | ₹864.17 Million |
| 2009 | 27.76% | 14.98% | 1.17x | 1.58x | ₹903.12 Million |
| 2010 | 12.36% | 9.49% | 0.97x | 1.34x | ₹129.38 Million |
| 2011 | -11.40% | -9.43% | 0.80x | 1.50x | ₹-1.05 Billion |
| 2012 | 0.09% | 0.07% | 0.96x | 1.41x | ₹-530.57 Million |
| 2013 | 10.62% | 6.33% | 1.20x | 1.39x | ₹32.91 Million |
| 2014 | 9.25% | 5.62% | 1.22x | 1.35x | ₹-42.23 Million |
| 2015 | 2.98% | 1.75% | 1.22x | 1.40x | ₹-418.55 Million |
| 2016 | 4.30% | 2.61% | 1.23x | 1.34x | ₹-181.88 Million |
| 2017 | 10.59% | 6.58% | 1.06x | 1.52x | ₹20.50 Million |
| 2018 | 12.74% | 8.56% | 0.97x | 1.53x | ₹150.32 Million |
| 2019 | 14.16% | 9.82% | 1.05x | 1.38x | ₹298.30 Million |
| 2020 | 13.77% | 10.16% | 0.56x | 2.41x | ₹298.14 Million |
| 2021 | 24.38% | 12.16% | 0.75x | 2.67x | ₹1.23 Billion |
| 2022 | 27.55% | 13.51% | 0.88x | 2.32x | ₹1.88 Billion |
| 2023 | 17.41% | 11.43% | 0.82x | 1.87x | ₹1.25 Billion |
| 2024 | 14.39% | 9.83% | 0.83x | 1.77x | ₹915.49 Million |
| 2025 | 15.27% | 10.88% | 0.89x | 1.57x | ₹1.30 Billion |
Industry Comparison
This section compares Mastek Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $2,503,158,354
- Average return on equity (ROE) among peers: 12.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mastek Limited (MASTEK) | ₹26.77 Billion | 16.54% | 0.51x | $274.12 Million |
| 3i Infotech Limited (3IINFOLTD) | $10.02 Billion | 26.55% | 2.88x | $23.73 Million |
| AAA Technologies Limited (AAATECH) | $239.64 Million | 9.76% | 0.16x | $7.64 Million |
| Accelya Solutions India Limited (ACCELYA) | $1.46 Billion | 14.35% | 0.24x | $43.42 Million |
| Adroit Infotech Limited (ADROITINFO) | $160.99 Million | -1.68% | 0.01x | $2.87 Million |
| Allied Digital Services Limited (ADSL) | $6.46 Billion | 4.97% | 0.43x | $32.95 Million |
| Airan Limited (AIRAN) | $158.56 Million | 5.12% | 0.24x | $6.12 Million |
| Alankit Limited (ALANKIT) | $316.22 Million | 1.08% | 0.04x | $12.73 Million |
| Bartronics India Limited (ASMS) | $282.50 Million | 6.18% | 0.15x | $6.02 Million |
| BIRLASOFT LIMITED (BSOFT) | $1.42 Billion | 22.91% | 0.88x | $692.71 Million |
| Computer Age Management Services Limited (CAMS) | $4.51 Billion | 32.35% | 0.55x | $1.74 Billion |