Mastek Limited (MASTEK) - Net Assets

Latest as of September 2025: Rs26.77 Billion INR ≈ $289.48 Million USD

Based on the latest financial reports, Mastek Limited (MASTEK) has net assets worth Rs26.77 Billion INR (≈ $289.48 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs40.34 Billion ≈ $436.25 Million USD) and total liabilities (Rs13.57 Billion ≈ $146.77 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 asset resilience ratio of Mastek Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs26.77 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. Also explore total assets of Mastek Limited for the complete picture of this company's asset base.

Annual Net Assets for Mastek Limited (2004–2025)

The table below shows the annual net assets of Mastek Limited from 2004 to 2025. For live valuation and market cap data, see Mastek Limited market capitalisation.

Year	Net Assets	Change
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 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	Rs18.21 Billion	73.97%
Common Stock	Rs154.70 Million	0.63%
Other Comprehensive Income	Rs1.80 Billion	7.30%
Other Components	Rs4.46 Billion	18.11%
Total Equity	Rs24.62 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
Zhejiang Cheng Yi Pharmaceutical Co Ltd SHG:603811	$568.03 Million
Sublime China Information Co. Ltd. A SHE:301299	$568.04 Million
Invesco Value Municipal Income Closed Fund NYSE:IIM	$568.12 Million
Atom Hoteles Socimi MC:YATO	$568.25 Million
Guan Chong Bhd KLSE:5102	$567.65 Million
Zhejiang Runyang New Material Technology Co. Ltd. SHE:300920	$567.62 Million
Korea Line KO:005880	$567.58 Million
Northfield Bancorp Inc NASDAQ:NFBK	$567.57 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	Rs3.76 Billion	+15.27%
Dividends Paid	Rs587.20 Million	-2.38%
Share Repurchases	Rs3.20 Million	-0.01%
Share Issuances	Rs3.20 Million	+0.01%
Other Comprehensive Income	Rs467.00 Million	+1.9%
Other Changes	Rs110.20 Million	+0.45%
Total Change	Rs-	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: 2.14x
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 27.60x to 2.14x 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	Rs1694.20	x
2005-03-31	Rs70.13	Rs1694.20	x
2006-03-31	Rs92.03	Rs1694.20	x
2007-03-31	Rs116.96	Rs1694.20	x
2008-03-31	Rs131.25	Rs1694.20	x
2009-03-31	Rs169.13	Rs1694.20	x
2010-03-31	Rs182.20	Rs1694.20	x
2011-03-31	Rs163.22	Rs1694.20	x
2012-03-31	Rs178.14	Rs1694.20	x
2013-03-31	Rs177.26	Rs1694.20	x
2014-03-31	Rs186.33	Rs1694.20	x
2015-03-31	Rs198.19	Rs1694.20	x
2016-03-31	Rs130.66	Rs1694.20	x
2017-03-31	Rs143.94	Rs1694.20	x
2018-03-31	Rs182.70	Rs1694.20	x
2019-03-31	Rs238.29	Rs1694.20	x
2020-03-31	Rs262.92	Rs1694.20	x
2021-03-31	Rs285.56	Rs1694.20	x
2022-03-31	Rs356.35	Rs1694.20	x
2023-03-31	Rs548.69	Rs1694.20	x
2024-03-31	Rs676.03	Rs1694.20	x
2025-03-31	Rs790.25	Rs1694.20	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): 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	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

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: $1,245,774,409
Average return on equity (ROE) among peers: 11.95%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Mastek Limited (MASTEK)	Rs26.77 Billion	16.54%	0.51x	$567.83 Million
AAA Technologies Limited (AAATECH)	$253.85 Million	11.30%	0.09x	$13.80 Million
Accelya Solutions India Limited (ACCELYA)	$1.80 Billion	49.66%	0.42x	$187.02 Million
Adroit Infotech Limited (ADROITINFO)	$159.54 Million	-2.39%	0.01x	$5.85 Million
Airan Limited (AIRAN)	$188.59 Million	6.62%	0.62x	$22.15 Million
Alankit Limited (ALANKIT)	$3.75 Million	22.76%	4.62x	$27.04 Million
Bartronics India Limited (ASMS)	$664.69 Million	-75.68%	23.36x	$25.79 Million
BIRLASOFT LIMITED (BSOFT)	$1.42 Billion	22.91%	0.88x	$1.11 Billion
Computer Age Management Services Limited (CAMS)	$7.82 Billion	36.45%	0.40x	$1.98 Billion
Cigniti Technologies Limited (CIGNITITEC)	$115.76 Million	0.58%	0.23x	$351.04 Million
Cambridge Technology Enterprises Limited (CTE)	$29.18 Million	47.30%	0.49x	$6.93 Million

About Mastek Limited

NSE:MASTEK India Information Technology Services

Market Cap

$567.83 Million

Rs52.51 Billion INR

Market Cap Rank

#11876 Global

#558 in India

Share Price

Rs1694.20

Change (1 day)

+0.13%

52-Week Range

Rs1342.20 - Rs2669.80

All Time High

Rs3387.22