Mastek Limited (MASTEK) - Net Assets

Latest as of March 2026: Rs29.92 Billion INR ≈ $323.56 Million USD

Based on the latest financial reports, Mastek Limited (MASTEK) has net assets worth Rs29.92 Billion INR (≈ $323.56 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs43.09 Billion ≈ $465.98 Million USD) and total liabilities (Rs13.17 Billion ≈ $142.43 Million USD). 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. Check tangible net worth ratio of Mastek Limited to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs29.92 Billion
% of Total Assets	69.44%
Annual Growth Rate	13.76%
5-Year Change	144.89%
10-Year Change	758.25%
Growth Volatility	20.22

Mastek Limited - Net Assets Trend (2004–2026)

This chart illustrates how Mastek Limited's net assets have evolved over time, based on quarterly financial data. See MASTEK defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Mastek Limited (2004–2026)

The table below shows the annual net assets of Mastek Limited from 2004 to 2026. For live valuation and market cap data, see Mastek Limited market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs29.92 Billion ≈ $323.56 Million	+21.50%
2025-03-31	Rs24.62 Billion ≈ $266.29 Million	+17.96%
2024-03-31	Rs20.87 Billion ≈ $225.75 Million	+17.63%
2023-03-31	Rs17.75 Billion ≈ $191.91 Million	+45.25%
2022-03-31	Rs12.22 Billion ≈ $132.12 Million	+17.41%
2021-03-31	Rs10.41 Billion ≈ $112.53 Million	+12.19%
2020-03-31	Rs9.28 Billion ≈ $100.31 Million	+29.47%
2019-03-31	Rs7.16 Billion ≈ $77.48 Million	+30.43%
2018-03-31	Rs5.49 Billion ≈ $59.40 Million	+57.57%
2017-03-31	Rs3.49 Billion ≈ $37.70 Million	+9.17%
2016-03-31	Rs3.19 Billion ≈ $34.53 Million	-46.41%
2015-03-31	Rs5.96 Billion ≈ $64.44 Million	+6.37%
2014-03-31	Rs5.60 Billion ≈ $60.58 Million	+5.12%
2013-03-31	Rs5.33 Billion ≈ $57.63 Million	-0.50%
2012-03-31	Rs5.36 Billion ≈ $57.92 Million	+9.14%
2011-03-31	Rs4.91 Billion ≈ $53.07 Million	-10.42%
2010-03-31	Rs5.48 Billion ≈ $59.24 Million	+7.73%
2009-03-31	Rs5.08 Billion ≈ $54.99 Million	+28.86%
2008-03-31	Rs3.95 Billion ≈ $42.67 Million	+12.21%
2007-03-31	Rs3.52 Billion ≈ $38.03 Million	+14.80%
2006-03-31	Rs3.06 Billion ≈ $33.13 Million	+28.03%
2005-03-31	Rs2.39 Billion ≈ $25.88 Million	+36.21%
2004-03-31	Rs1.76 Billion ≈ $19.00 Million	--

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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs155.00 Million	0.52%
Other Components	Rs29.76 Billion	99.48%
Total Equity	Rs29.92 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
Atom Hoteles Socimi MC:YATO	$548.78 Million
Zhejiang Yatai Pharmaceutical Co Ltd SHE:002370	$548.85 Million
Smartoptics Group AS OL:SMOP	$548.88 Million
Benakat Petroleum Energy JK:BIPI	$549.00 Million
Shanghai Aohua Photoelectricity Endoscope Co. Ltd. A SHG:688212	$548.41 Million
Shanghai HIUV New Materials Co Ltd SHG:688680	$548.37 Million
Flying Technology Co Ltd SHG:603488	$548.19 Million
CHC Resources Corp TW:9930	$548.13 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 2025 to 2026, total equity changed from 24,623,400,000 to 29,918,500,000, a change of 5,295,100,000 (21.5%).
Net income of 4,040,000,000 contributed positively to equity growth.
Dividend payments of 743,500,000 reduced retained earnings.
New share issuances of 2,100,000 increased equity.
Other comprehensive income decreased equity by 1,796,900,000.
Other factors increased equity by 3,793,400,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs4.04 Billion	+13.5%
Dividends Paid	Rs743.50 Million	-2.49%
Share Issuances	Rs2.10 Million	+0.01%
Other Comprehensive Income	Rs-1.80 Billion	-6.01%
Other Changes	Rs3.79 Billion	+12.68%
Total Change	Rs-	21.50%

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: 1.71x
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 26.65x to 1.71x 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	Rs61.39	Rs1636.20	x
2005-03-31	Rs70.13	Rs1636.20	x
2006-03-31	Rs92.03	Rs1636.20	x
2007-03-31	Rs116.96	Rs1636.20	x
2008-03-31	Rs131.25	Rs1636.20	x
2009-03-31	Rs169.13	Rs1636.20	x
2010-03-31	Rs182.20	Rs1636.20	x
2011-03-31	Rs163.22	Rs1636.20	x
2012-03-31	Rs178.14	Rs1636.20	x
2013-03-31	Rs177.26	Rs1636.20	x
2014-03-31	Rs186.33	Rs1636.20	x
2015-03-31	Rs198.19	Rs1636.20	x
2016-03-31	Rs130.66	Rs1636.20	x
2017-03-31	Rs143.94	Rs1636.20	x
2018-03-31	Rs182.70	Rs1636.20	x
2019-03-31	Rs238.29	Rs1636.20	x
2020-03-31	Rs262.92	Rs1636.20	x
2021-03-31	Rs285.56	Rs1636.20	x
2022-03-31	Rs356.35	Rs1636.20	x
2023-03-31	Rs548.69	Rs1636.20	x
2024-03-31	Rs676.03	Rs1636.20	x
2025-03-31	Rs790.25	Rs1636.20	x
2026-03-31	Rs959.02	Rs1636.20	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): 13.50%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.92%
• Asset Turnover: 0.86x
• Equity Multiplier: 1.44x
Recent ROE (13.50%) is below the historical average (15.38%), 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	Rs114.86 Million
2005	30.51%	11.34%	1.60x	1.68x	Rs432.39 Million
2006	30.47%	12.25%	1.43x	1.74x	Rs566.24 Million
2007	24.54%	10.86%	1.48x	1.53x	Rs511.42 Million
2008	31.90%	14.08%	1.18x	1.91x	Rs864.17 Million
2009	27.76%	14.98%	1.17x	1.58x	Rs903.12 Million
2010	12.36%	9.49%	0.97x	1.34x	Rs129.38 Million
2011	-11.40%	-9.43%	0.80x	1.50x	Rs-1.05 Billion
2012	0.09%	0.07%	0.96x	1.41x	Rs-530.57 Million
2013	10.62%	6.33%	1.20x	1.39x	Rs32.91 Million
2014	9.25%	5.62%	1.22x	1.35x	Rs-42.23 Million
2015	2.98%	1.75%	1.22x	1.40x	Rs-418.55 Million
2016	4.30%	2.61%	1.23x	1.34x	Rs-181.88 Million
2017	10.59%	6.58%	1.06x	1.52x	Rs20.50 Million
2018	12.74%	8.56%	0.97x	1.53x	Rs150.32 Million
2019	14.16%	9.82%	1.05x	1.38x	Rs298.30 Million
2020	13.77%	10.16%	0.56x	2.41x	Rs298.14 Million
2021	24.38%	12.16%	0.75x	2.67x	Rs1.23 Billion
2022	27.55%	13.51%	0.88x	2.32x	Rs1.88 Billion
2023	17.41%	11.43%	0.82x	1.87x	Rs1.25 Billion
2024	14.39%	9.83%	0.83x	1.77x	Rs915.49 Million
2025	15.27%	10.88%	0.89x	1.57x	Rs1.30 Billion
2026	13.50%	10.92%	0.86x	1.44x	Rs1.05 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: $1,288,686,160
Average return on equity (ROE) among peers: 67.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Mastek Limited (MASTEK)	Rs29.92 Billion	16.54%	0.44x	$548.56 Million
AAA Technologies Limited (AAATECH)	$48.50 Million	20.61%	1.07x	$13.64 Million
Accelya Solutions India Limited (ACCELYA)	$1.13 Billion	73.39%	0.92x	$184.28 Million
Adroit Infotech Limited (ADROITINFO)	$62.35 Million	-0.08%	1.33x	$5.85 Million
Airan Limited (AIRAN)	$188.59 Million	6.62%	0.62x	$22.00 Million
Alankit Limited (ALANKIT)	$469.05 Million	28.31%	0.66x	$25.37 Million
Bartronics India Limited (ASMS)	$254.08 Million	433.82%	0.09x	$26.22 Million
BIRLASOFT LIMITED (BSOFT)	$2.64 Billion	19.89%	0.66x	$982.78 Million
Computer Age Management Services Limited (CAMS)	$5.16 Billion	39.80%	0.63x	$2.23 Billion
Cigniti Technologies Limited (CIGNITITEC)	$2.67 Billion	45.50%	0.80x	$374.23 Million
Cambridge Technology Enterprises Limited (CTE)	$258.77 Million	4.28%	0.23x	$6.62 Million

About Mastek Limited

NSE:MASTEK India Information Technology Services

Market Cap

$548.56 Million

Rs50.72 Billion INR

Market Cap Rank

#11896 Global

#574 in India

Share Price

Rs1636.20

Change (1 day)

-0.02%

52-Week Range

Rs1342.20 - Rs2669.80

All Time High

Rs3387.22