Mindtree Ltd. News

NSE: Mindtree Industry : IT - Software

Mindtree declines despite reporting 34% rise in Q3 net profit

Total income of the company increased by 35.27% at Rs 2820.80 crore for Q3FY22

14 Jan 2022, 12:03 PM

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Mindtree reports 34% rise in Q3 net profit

Total income of the company increased by 35.27% at Rs 2820.80 crore for Q3FY22

13 Jan 2022, 17:19 PM

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Mindtree named major contender in Everest Group PEAK Matrix for IoT Supply Chain Solutions

Everest Group positioned Mindtree as a Major Contender in terms of market impact and vision and capability

09 Dec 2021, 16:40 PM

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Mindtree earns AI and Machine Learning on Microsoft Azure Advanced Specialization

Partners with the AI and Machine Learning on Microsoft Azure advanced specialization can give organizations the tools and knowledge to develop AI solutions on their terms

01 Dec 2021, 17:42 PM

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Mindtree launches digital health passport for travel

The solution offers travelers an easy, quick and secure way to comply with country-specific entry requirements and protocols

01 Nov 2021, 14:57 PM

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Mindtree expands relationship with ServiceNow

Mindtree will build industry solutions to help enterprises turn data from their IoT infrastructure into actionable business workflows

26 Oct 2021, 10:17 AM

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Mindtree selected as strategic partner by Western Asset

The company will initially partner with the Western Asset team on their IT infrastructure and application portfolio

20 Oct 2021, 15:34 PM

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Mindtree reports 57% rise in Q2 consolidated net profit

Total income of the company increased by 36.43% at Rs 2661.00 crore for Q2FY22

13 Oct 2021, 16:54 PM

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Mindtree expanding footprint in Europe, Asia-Pacific

The company has made several key executive appointments to further accelerate growth in the two markets

24 Sep 2021, 16:54 PM

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Mindtree recognized with 2021 ISG Digital Case Study Award

The company has been recognized by Information Services Group

10 Aug 2021, 14:14 PM

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Mindtree gets data analytics partner specialization in google cloud partner advantage program

This specialization highlights Mindtree's expertise and success in leveraging analytics for business insights using Google Cloud Platform technology

15 Jul 2021, 17:07 PM

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Mindtree reports 61% rise in Q1 consolidated net profit

Total income of the company increased by 21.24% at Rs 2363.50 crore for Q1FY22

14 Jul 2021, 11:31 AM

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Mindtree completes acquisition of NxT Digital Business from L&T

The company has consummated the said acquisition on July 1, 2021

02 Jul 2021, 10:13 AM

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Mindtree ranked second for client satisfaction in 2021 UK IT Sourcing Study

The companyas overall satisfaction score of 80% was well above the industry average of 72%

16 Jun 2021, 13:22 PM

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Mindtree earns analytics on Microsoft Azure Advanced Specialization

These partners can help customers better integrate endlessly scalable analytics platforms into their businesses

03 Jun 2021, 14:54 PM

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Mindtree to acquire NxT Digital Business from L&T

The transaction is expected to be completed by July 31, 2021

21 May 2021, 09:25 AM

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Mindtree partners with Duck Creek to improve customer experience for UPC Insurance customers

UPC Insurance is a premier specialty underwriter of catastrophe exposed property insurance in the coastal U.S. for personal and commercial properties

26 Apr 2021, 12:00 PM

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Mindtree reports 54% rise in Q4 consolidated net profit

The company has reported a standalone net profit of Rs 317.10 crore for the quarter ended March 31, 2021

17 Apr 2021, 09:00 AM

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Today's price summary

Performance Today

Underperformed Sector by -0.5%

Consecutive Fall

Stock has been losing for the last 2 days and has fallen -4.87% returns in the period

Moving Averages

higher than 100 day and 200 day moving averages but lower than 5 day, 20 day and 50 day moving averages

Rising Investor Participation

Delivery Vol of 5.4 lacs on 14 Jan has risen by 158.47% against 5-day avg delivery vol

Liquidity

Based on 2% of 5 day average traded Value the stock is liquid enough for trade size of Rs 9.57 cr

Stock DNA

1 Years Returns

STOCK

58.44

SECTOR

-61.67

SENSEX

-75.0

Industry

IT - Software

MARKET CAP

Rs 74,280 Cr

PE (TTM)

50.03

DIVIDEND YIELD

0.60%

Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell

Mindtree is a digital transformation and information technology solution provider to domestic and global companies with a market capitalisation of USD 10.83 billion. In 1999, a few industry professionals started Mindtree Consulting in Bengaluru. In 2000, they received the first round of investment of Rs 196 million through a subscription of equity shares by LSO investment. In 2005, Mindtree acquired 100% shares of Linc Software Services Private Limited, a company engaged in developing business applications, maintenance of Enterprise Resource Planning (ERP), and web development. 

Mindtree is structured to provide solutions primarily into four main verticals, namely 

  • Retail CPG and Manufacturing (RCM) 
  • Banking Financial Services and Insurance (BFSI) 
  • Technology Media and Services (TMS) 
  • Travel and Hospitality (TH)

It became a listed company in Bombay Stock Exchange and National Stock Exchange in 2006. In 2012, Mindtree opened its first US delivery centre in Gainesville, Florida. It now caters to more than 2000 corporations worldwide and employs a team size of 27,256 IT professionals. They have a presence in 24 countries, represented through 44 offices.  

Mindtree, in 2010, partnered successfully with the government of India for the Aadhaar project - one of the world’s most significant data implementation and citizen identification programs. 

Company financials and performance

  • Mindtree reported a 57.2% rise in second-quarter net profit to Rs 398.9 crore. In FY21, the same quarter, the company’s profit was Rs 253.7 crore.
  • Consolidated revenue for the same quarter rose by 34.27% to Rs 2,586.2 crore against Rs 1,926 crore last year.
  • The company’s revenue rose by 12.7% from Q1 FY22 to Q2 FY22. 

Conclusion

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