Is mastek a good stock?

2020-02-23 by No Comments

Is mastek a good stock?

Mastek is still a bargain right now according to my price multiple model, which compares the company’s price-to-earnings ratio to the industry average. This is based on its high beta, which is a good indicator for share price volatility.

Who owns Mastek?

COO, Evosys – A Mastek Company Rakesh Raman heads the Middle East business of Mastek. He is the co-founder and COO of Evosys. An engineer by qualification, he holds more than 20 years of experience in high-technology in the IT & ITES industry.

What does Mastek ltd do?


Official logo since 1982
Mastek main building in Mumbai, India
Key people Ashank Desai (CEO)
Services Agile Consulting, Application Support and Maintenance, Digital Commerce, Application Development, Business Intelligence, and Assurance & Testing
Revenue 151.1 million USD (in FY 2019–20)

Is mastek an Indian company?

Mastek was the first company in India to create software products during the year 1985. In 1989 the company had introduced Relational Database Management System (RDBMS) in India; it was the first of its kind. To work additionally a subsidiary company in Singapore was established in the year 1990.

Who owns Majesco India?

Ltd has signed a pact to buy out Mumbai-listed Majesco Ltd’s controlling shareholders, eight months after Chicago-based private equity firm Thoma Bravo acquired the Indian company’s main US business.

Why is Majesco share price down?

The main reason for this is because the insurance technology firm had sold one of its business units- Majesco US- to Thoma Bravo, a private equity firm. The sale proceeds after accounting for expenses and capital gains tax had been Rs 3,853.3 crore!

How big is Mastek?

Founded in 1982 by specialist engineers in India, we have grown into a leading digital transformation company with over 4200 employees in 41 countries. Our history as a delivery partner to Global System Integrators taught us that our clients benefit from a direct relationship with Mastek.

When was mastek founded?

May 1982

Why is Majesco falling?

On Tuesday, shares of Majesco declined as investors chose to sell, rather than be taxed for dividend income. The stock was down by half a percent a day after the company announced an interim dividend of Rs 974 per share for the financial year 2020-21.

Is Majesco Indian?

Majesco started out as the US subsidiary of Mastek and in 2014 was spun off as a separate entity. Key shareholders in Majesco Limited include Ashank Desai, Sudhakar Ram and Ketan Mehta, who were part of the founding team of Mumbai-based software services provider Mastek.

What went wrong with Majesco?

The share price of Majesco Limited closed at Rs 985.85 on December 22 (Tuesday). On the next day, investors were quite confused why its share price had fallen by around 98% to Rs 12. The reason behind the decline is very interesting and quite rare in the stock markets.

How many employees does Mastek have in the UK?

We started out 35 years ago, founded by specialist engineers in India. We now have our Global Headquarters in the UK and have grown into a leading digital transformation company with over 3,500 employees. Our history as a delivery partner to Global System Integrators taught us that our clients benefit from a direct relationship with Mastek.

What is the current dividend yield of Mastek?

The operating margin of Mastek for the current financial year is 2.07 %. Dividend Yield: – It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Mastek is Rs 8 and the yield is 0.65 %.

What is a bulk deal in Mastek stock?

*A bulk deal is a trade where total quantity of shares bought or sold is more than 0.5% of the equity shares of a company listed on the exchange. Mastek – Board Meeting Intimation for Notice Of The Board Meeting Scheduled To Be Held On Monday, July 19, 2021.

What is the PE ratio of Mastek Corporation?

Mastek has a PE ratio of 151.34 which is high and comparatively overvalued . Return on Assets (ROA): – Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits.