1696.60 -47.15 (-2.70%)
NSEJan 15, 2021 03:31 PM
The 37 reports from 12 analysts offering long term price targets for MindTree Ltd. have an average target of 1536.42. The consensus estimate represents a downside of -9.44% from the last price of 1696.60.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-12-21||MindTree Ltd. +||Edelweiss||1427.15||1638.00||1427.15 (18.88%)||Target met||Buy|
|2020-12-04||MindTree Ltd. +||Nirmal Bang Institutional||1437.95||1544.00||1437.95 (17.99%)||Target met||Accumulate|
Nirmal Bang Institutional
Steadying the ship: higher pipeline conversion to drive growth Mindtree (MTCL) management at the analyst meet held yesterday exuded quiet confidence in pick-up in growth and sustenance of the sharp recovery in margins seen in the last few quarters. With many in the current top management coming from significantly larger companies like Cognizant (predominantly), Accenture, etc, we believe that the focus will be on scale up. L&T;, the promoter, indicated that Mindtree and LTI will continue to be run separately, at least for the foreseeable future, though they do work together in some customer situations. The 4x4x4 strategy of MTCL is quite simple in its approach. This...
|2020-12-04||MindTree Ltd. +||ICICI Securities Limited||1437.95||1680.00||1437.95 (17.99%)||Target met||Buy|
ICICI Securities Limited
In its analyst meet, Mindtree highlighted that cloud, automation, data, cybersecurity are key technology themes emerging in Covid times. In addition, captive carve outs, vendor consolidation are other emerging trends. In order to capture these trends, the company has devised a 4*4*4 strategy that will focus on four geographies, four service line and four verticals. In terms of verticals, Mindtree will focus on 1) Retail CPG & manufacturing with key focus on customer intimacy, 2) BFSI key focus would be core transformation, 3) Travel, Transport & Hospitality with focus...
|2020-12-04||MindTree Ltd. +||BOB Capital Markets Ltd.||1437.95||1540.00||1437.95 (17.99%)||Target met||Accumulate|
BOB Capital Markets Ltd.
Mindtree (MTCL) is optimistic about achieving above-industry growth, aided by a new three-year 444' strategy aimed at narrowing its focus on four verticals, service lines and markets each.
|2020-12-04||MindTree Ltd. +||Prabhudas Lilladhar||1442.70||1625.00||1442.70 (17.60%)||Target met||Buy|
B2C & D2C commerce has picked up pace, touchless kiosk, contact less shopping, visual collaborative technologies, remote plant operations are new areas emerging areas of demand. Clients are moving from capex to opex based model. Adoption of cloud and cybersecurity has become absolute priority for clients. Mindtree is well positioned to serve this demand with their strong capabilities centered around the 4 vertical x 4 service lines x 4...
|2020-12-03||MindTree Ltd. +||Motilal Oswal||1456.00||1550.00||1456.00 (16.52%)||Target met||Neutral|
MTCL announced it is looking to expand its presence in the Healthcare vertical as it is seeing new business overlap between its core verticals of CPG, Retail and Technology into areas like Payer, Provider and Device Manufacturing. It plans to grow this gradually, using current capabilities and has no plans for significant investments to increase its presence rapidly....
|2020-10-20||MindTree Ltd. +||Geojit BNP Paribas||1393.30||1445.00||1393.30 (21.77%)||Target met||Hold|
|2020-10-19||MindTree Ltd. +||Chola Wealth Direct||1341.75||1468.00||1341.75 (26.45%)||Target met||Neutral|
|2020-10-16||MindTree Ltd. +||HDFC Securities||1329.15||1450.00||1329.15 (27.65%)||Target met||Accumulate|
Cyient: We maintain ADD on Cyient, based on strong margin recovery and improving growth outlook ex aerospace. The services segment (~85% of revenue) is down 0.5% QoQ CC, impacted by continued stress in A&D (-11.5% QoQ) offset by strong recovery in Transportation (+21.6% QoQ) and Communication (+7.7% QoQ). The aerospace impact is led by volume contraction in the top account, and recovery will be protracted. The growth outlook for Transportation, Medical and Communication remains positive, based on deal wins. Margin recovery of 586bps QoQ was higher than expected and was driven by offshoring and higher utilisation. DLM (+13.6% QoQ) is driving growth and reported a positive margin in the quarter. The FCF generation is strong (FCF/EBITDA at 131%) led by higher collections and net cash stands at Rs 7.2bn (~18% of Mcap). Based on better margin performance, we increase our EPS estimate by +4.1/4.3% for FY22/23E. Our target price stands at Rs 490, based on 14x Sep-22E EPS, ~10% premium to 5Y average 1Y-fwd P/E multiple. Mindtree: We maintain ADD on Mindtree, supported by strong and sustainable operational performance/outlook. Growth divergence between T1 account and the residual business upended in 2Q, with a flattish T1 performance on strong 1Q seasonality. Mindtrees strategy refresh and service-line reset to focus on client mining (cross-sell), drive multi-year annuity, and partnerships will support broad-based growth ahead. Although deal wins were soft in 2Q with TCV at USD 303mn, they are higher by 10% YoY in 1HFY21. Growth is expected to be led by Retail, CPG & Manufacturing vertical (Husqvarna &...
|2020-10-16||MindTree Ltd. +||Axis Direct||1329.15||1530.00||1329.15 (27.65%)||Target met||Hold|
Mindtree reported much broad based growth in Q2 FY21, revenue stood at Rs. 1,926 crs up 0.6% YoY and 0.9% QoQ. Operating profit showed a growth of 52.5% YoY at Rs. 378 cr, operating margin grew by 170 bps at 16.7% than previous quarter aided by strong execution
|2020-10-16||MindTree Ltd. +||Arihant Capital||1329.15||1517.00||1329.15 (27.65%)||Target met||Hold|
|2020-10-16||MindTree Ltd. +||Motilal Oswal||1329.15||1550.00||1329.15 (27.65%)||Target met||Neutral|
|2020-10-16||MindTree Ltd. +||Dolat Capital||1329.15||1190.00||1329.15 (27.65%)||29.86||Sell|
|2020-10-16||MindTree Ltd. +||ICICI Securities Limited||1329.15||1680.00||1329.15 (27.65%)||Target met||Buy|
|2020-10-16||MindTree Ltd. +||Nirmal Bang Institutional||1329.15||1425.00||1329.15 (27.65%)||Target met||Accumulate|
|2020-10-16||MindTree Ltd. +||Prabhudas Lilladhar||1341.75||1625.00||1341.75 (26.45%)||Target met||Buy|
|2020-10-15||MindTree Ltd. +||BOB Capital Markets Ltd.||1329.15||1540.00||1329.15 (27.65%)||Target met||Accumulate|
|2020-07-20||MindTree Ltd. +||Geojit BNP Paribas||1021.00||1102.00||1021.00 (66.17%)||Target met||Hold|
Geojit BNP Paribas
Despite the uncertain macro-economic environment due to COVID-19, we expect, large deal (Realogy), along with cost optimization and strong cash conversion should support company's topline. Therefore, we upgraded our rating to HOLD on the stock with a revised target price of Rs. 1,102 based on 20.5x FY22E adj. EPS. Decent show despite challenging times Company recorded revenue of Rs. 1,909cr (+4.1% YoY), led by Communication, Media and Technology (CMT; contributing 51.0% to total revenue, +34.7% YoY to Rs. 974cr),...
|2020-07-17||MindTree Ltd. +||Arihant Capital||1022.00||1062.00||1022.00 (66.01%)||Target met||Hold|
Mindtree reported good set of numbers in Q1FY21. Revenue stood slightly below our estimates while EBITDA and PAT are above our estimates. Company anticipates a healthy order book of USD 391M despite the global headwinds due to Covid-19 pandemic. Consolidated revenue for Q1FY21 stood at Rs 19,088 mn, slightly below our estimate of Rs 20,827 mn registering -6.9% QoQ/+4.1% YoY growth. Reported EBITDA grew +74.9% YoY/flat -0.5% QoQ to Rs 3,220 mn, above our estimate of Rs 2,916 mn, while EBITDA margin expanded 683bps...
|2020-07-16||MindTree Ltd. +||Chola Wealth Direct||1022.00||904.00||1022.00 (66.01%)||46.72||Sell|
Chola Wealth Direct
Background: Mindtree is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage. Born digital, in 1999 and now a Larsen & Toubro Group Company, Mindtree applies its deep domain knowledge to 290+ enterprise client engagements to break down silos, make sense of digital complexity and bring new initiatives to market faster. We enable IT to move at the speed of business, leveraging emerging technologies and the efficiencies of Continuous Delivery to spur business innovation. Operating in more than 15 countries across the world, we're consistently regarded as one of...