Mindtree Limited: Value Pick Stock October 2020, Update
Update
“Currys Collaborates with Mindtree to Deliver a Connected Omni channel Customer Experience”
Mindtree Limited (a Larsen & Toubro Group company) – a “global technology services and digital transformation” company today in its BSE filing has said that it has enabled the UK’s leading retailer of technology products and services (Currys plc – operating online and through 830 stores in 8 countries) to deliver a connected and highly personalised “omni channel shopping experience” to its customers across multiple markets.
As a part of the multi-year engagement, Mindtree Ltd has leveraged its extensive retail and digital expertise to design and implement a comprehensive “omni channel solution” that provides a unified customer experience across rapidly converging mobile, online, and in-store shopping, while driving cross-channel fulfillment and inventory optimization for Currys.
Through unified consoles, Mindtree Ltd has also empowered Curry plcs’ more than 32,000 colleagues spread across the company’s contact centres, offices, retail stores, supply chain, and distribution centres to better support the “omni channel customer journey” with enhanced speed and quality of service.
Mindtree Limited and Currys plc are working together on new “omni channel retail technologies” to boost flexibility and productivity.
Mindtree is currently trading at INR 3157 (UP 0.80 per cent) on the NSE with a volume close to 3.60 lac shares.
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16 September 2022
Update
“Builds a Digital Command and Control Solution for L&T”
Mindtree Limited (a global technology services and digital transformation company) today announced that it has designed and implemented a digital command and control solution for Larsen & Toubro Ltd for the company’s newly commissioned “Green Hydrogen Plant” in Hazira (Gujarat).
The innovative solution, built with Mindtree’s insights NxT, the IoT, and data analytics platform enables remote monitoring and control of all services at the plant help L&T optimize operational and energy costs, and drive effective utilization of resources such as (1) solar energy and (2) battery energy storage systems.
The solution by Mindtree is equipped with preventive and predictive data analytics capabilities to provide real-time insights into (1) plant performance and (2) support data-driven decision-making. This will help L&T reduce the plant’s carbon footprint and improve operational agility by increasing electrolyzer efficiency and reducing downtime.
The solution uses Insights NxT platform to interface with complex operational technology systems to capture mission-critical data, and enable different degrees of analysis and levers to streamline energy consumption. This helps quicker adoption of new clean energy, improved environmental monitoring and reporting, and competitive pricing of products and services.
Share of Mindtree Limited closed at INR 3109 (DOWN 4.8%) today on the NSE with a volume of 6,59,935 shares .
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13 July 2022
Update:
Earnings Release – First quarter ended June 30, 2022
Mindtree Ltd – a global technology service and digital transformation company announced its consolidated results today for the first quarter ended June 30, 2022.
On a consolidated basis, the company’s revenues from operations stood at INR 3121.1 Cr as of June 30, 2022, as compared to INR 2897.4 Cr for the quarter ended March 31, 2022, registering a growth of 7.7% Q-O-Q basis. However, the Y-O-Y revenues grew by 36.19% (INR 2291.7 Cr a period year ago)
Total expenses of the company stood at INR 2535.1 Cr for the period ended June 30, 2022, INR 2360.8 Cr for the period ended March 31, 2022, and INR 1898.3 Cr for the period ended June 30, 2021.
Mindtree registered a flattish profit growth for the quarter ended June 30, 2022 (INR 471.6 Cr vs INR 473.1 Cr) due to higher employee benefits expenses coupled with high sub-contractor charges and other expenses. However, Y-O-Y PAT grew by 37.33% (INR 471.6 Cr v/s INR 343.4 Cr)
EPS of the company stood at INR 28.61 as of June 30, 2022, INR 28.71 as on March 31, 2022, and INR 20.85 as of June 30, 2021.
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Other Highlights:
Clients:
1) 274 active clients as of June 30, 2022
2) $10 million+ clients increased by 3, a total of 35
3) $20 million+ clients increased by 4, a total of 18
People:
1) 37,455 professionals as of June 30, 2022
2) Trailing 12 months attrition was 24.5%
Key Deals Won by the Company in Q1 FY23:
1) A leading U.S.based airline chose Mindtree Ltd as a preferred digital product development partner. As part of the multi-year deal, the company will help the airline accelerate growth by transforming its core systems and digital channels.
2) A healthcare technology provider awarded a 3-year digital transformation contract to the company for business-critical application development and maintenance services.
3) A leading hyper-scaler selected the company for a multiyear managed services deal as part of which Mindtree will provide a wide range of technology and program management support to the company’s digital stores worldwide.
4) A leading global specialty insurance and reinsurance company selected the company as a preferred partner for a multi-year managed services program spanning cloud, IT infrastructure, and security.
5) A leading audio technology company chose Mindtree as a preferred partner for a multi-year managed services deal consisting of cloud, development, and testing services.
6) An Australian wealth management group selected the company as a partner of choice for its core modernization and digital transformation program.
CEO and MD Speaks –
We are excited to report a strong start to FY23 with robust revenue growth, solid margin, and a record order book, demonstrating our continued industry-leading growth momentum.
“With revenues of $399.3 million, up 5.5 percent sequentially in constant currency on the back of healthy demand for our digital capabilities, this was our sixth consecutive quarter of more than 5 percent revenue growth in constant currency.
Our EBITDA was 21.1 percent, underscoring our disciplined execution and operational rigor. Our highest-ever order book of $570 million reflects the relevance of our value proposition in delivering business-critical transformation at scale. We are proud of our dedicated teams who continue to exceed client expectations with passion and purpose.”
Here is the Daily Chart –
The stock ended at INR 2900 up by 1.64 percent today and is trading 43% below when compared to its 52-week high of INR 5060 on the National Stock Exchange.
Mindtree Limited is a value pick stock of Finblab and is maintaining a positive view on the company.
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5-10-2020
Mindtree Limited (part of the Larsen & Toubro group) is an Indian multinational information technology and outsourcing company headquartered in Bangalore (India) and New Jersey (USA).
Mindtree Limited: History
Mindtree was incorporated in the year 1999 as MindTree Consulting Private Limited.
The Company was founded by 10 IT professionals 3 of which invested through an entity incorporated in Mauritius.
Mindtree became a public company on December 12, 2006 and was listed on the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
Mindtree IPO debuted on 9 February 2007 and closed on 14 February 2007.
Mindtree Limited: Business
Mindtree Limited works in –
- Application Development & Maintenance,
- Digital Services,
- Data Analytics,
- Enterprise Application Integration and Business Process Management,
- Enterprise Application Services,
- Engineering R&D,
- Testing, and
- Infrastructure Management Services
Mindtree provides various research and development services –
- Bluetooth Solutions,
- Digital Video Surveillance,
- Integrated test methodology called MindTest,
- IT infrastructure management & service platform called MWatch,
- Application management service,
- Atlas,
- SAP Insurance and OmniChannel
Mindtree business is designed around clients in verticals such as –
- Banking,
- Capital Markets,
- Consumer Devices & Electronics,
- Consumer Packed Goods,
- Independent Software Vendors,
- Manufacturing, Insurance,
- Media & Entertainment,
- Retail,
- Semiconductors, and
- Travel and Hospitality industry
Mindtree Limited: Network
Mindtree Limited serves more than 307 clients and has 43 office premises in over 18 countries, as of 31 March 2019.
Mindtree Limited: Strength
Mindtree has close to 22,000 employees as of March 2020. Out of its total workforce, 95 per cent are software professionals, and the remaining 5 per cent work in support and sales.
MD & CEO:
Debashis Chatterjee is the Managing Director (MD) & CEO of Mindtree Limited.
He has more than 30 years of experience in the field of IT, spanning customer relationship management, building and managing large business units, M & A, strategic alliances, change management and delivery management across multiple industries, business domains, technologies & geographies.
Listed On:
mindtree ltd share price is presently listed at Bombay Stock Exchange (BSE); CODE 532819 and National Stock Exchange (NSE) as MINDTREE
Stock Info: Stock Info: Mindtree Limited
Share Holding Pattern
Financials
Conclusion
Mindtree is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage.
Promoters of the company are having more than 73% stake with 0% pledge shares.
Along with this, some of the top institutions like Mirae Asset Emerging Bluechip Fund, Vanguard Emerging Markets Stock Index Fund, Vanguard Total International Stock Index Fund, and S Janakiraman having more than 1% stake in the company.
On the technical front, Mindtree is trading well above its 50 EMA (1215) and 200 EMA (1016) on the daily chart.
Keeping the above-listed factors in mind, Mindtree Limited looks good at INR 1350. Finblab recommends investing in the stock in a staggered manner for medium to long term.
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