Mindtree Share Price: Stock Analysis, History, and Forecast

Mindtree Share Price

Finally, no more speculations. It’s confirmed! Mindtree and Larsen & Toubro are merging to become India’s fifth-largest IT company. While the news has sent a wave of excitement in  many circles, it raises a legitimate question: what would happen to Mindtree’s stock? Will it create any impact on Mindtree share price?

As per sources, L&T Infotech (LTI) will give away 73 shares for every 100 shares of Mindtree in an all-share deal. Moreover, L&T will keep 68.73% of L&T Infotech. The merger is supposed to help with mega deal wins with other IT giants.

While speaking on the merger, AM Naik, Chairman, L&T Group, said  the proposed merger would help create strength for these companies to unlock synergies through talent pool, cross-vertical expertise and scale. This will help them evolve as a partner of choice for large-scale tech transformations and build a unique employee value proposition.

Considering all these, we can say that the merger may be  fruitful for Mindtree, which will ultimately affect its stock price. In the last three years, the company has performed exceptionally well. The stock price went up to ₹ 5000 from ₹ 800.

To know whether the stock would be a good investment or not, scour the blog thoroughly; analyse the company’s performance and its  management, and then decide whether you should invest or not?

Mindtree Share Price History

Mindtree share price today, as of 5 May 2022, at 16:08 hours, is ₹ 3,510.45, which is higher than the previous day’s close, which was ₹ 3,469.05 on the National Stock Exchange.

Before we proceed any further, let us have a quick glance through the Mindtree stock prices for the last six months:

Date Price (₹) Open (₹) High (₹) Low (₹) Vol Change
May 01, 2022 3,521.55 3,514.30 3,547.75 3,412.60 0 -0.86%
Apr 24, 2022 3,552.15 3,650.00 3,650.00 3,538.25 1.10M -8.24%
Apr 17, 2022 3,871.30 3,975.00 4,079.55 3,561.75 9.27M -5.55%
Apr 10, 2022 4,098.95 4,307.60 4,320.00 4,029.10 1.68M -4.75%
Apr 03, 2022 4,303.20 4,288.00 4,429.00 4,235.00 2.27M 1.42%
Mar-27, 2022 4,242.80 4,270.00 4,478.75 4,177.10 3.35M -0.90%
Mar 20, 2022 4,281.35 4,036.90 4,323.00 3,940.65 3.49M 7.39%
Mar 13, 2022 3,986.85 4,061.00 4,160.00 3,862.00 2.85M -2.47%
Mar 06, 2022 4,088.00 3,800.45 4,220.00 3,770.00 3.57M 5.24%
Feb 27, 2022 3,884.60 3,743.90 4,020.00 3,678.50 2.51M 2.66%
Feb 20, 2022 3,783.90 3,796.00 3,894.00 3,542.10 3.55M -0.35%
Feb 13, 2022 3,797.00 3,701.50 4,036.95 3,655.80 2.68M -1.88%
Feb 06, 2022 3,869.65 3,965.00 4,041.65 3,821.20 2.82M -2.43%
Jan 30, 2022 3,965.85 3,843.95 4,117.80 3,828.45 4.70M 6.49%
Jan 23, 2022 3,724.20 4,118.85 4,118.85 3,555.00 5.23M -9.58%
Jan 16, 2022 4,118.85 4,550.00 4,564.05 4,080.00 4.49M -9.44%
Jan 09, 2022 4,547.95 4,660.00 4,760.00 4,477.35 5.00M -1.15%
Jan 02, 2022 4,601.05 4,784.70 4,870.00 4,571.30 2.76M -3.74%
Dec 26, 2021 4,780.00 4,610.00 4,788.90 4,550.00 2.47M 3.44%
Dec 19, 2021 4,621.05 4,549.00 4,655.00 4,249.95 3.39M 0.73%
Dec 12, 2021 4,587.70 4,604.80 4,723.00 4,540.00 3.06M 0.24%
Dec 05, 2021 4,576.55 4,490.00 4,698.15 4,315.00 3.37M 2.23%
Nov 28, 2021 4,476.60 4,380.00 4,668.75 4,223.05 12.56M 0.49%
Nov 21, 2021 4,454.75 4,839.40 4,886.55 4,426.85 5.08M -7.95%
Nov 14, 2021 4,839.40 4,945.00 5,060.00 4,810.00 3.73M -1.52%
Nov 07, 2021 4,914.10 4,694.00 4,974.00 4,672.00 5.17M 5.32%
Oct 31, 2021 4,665.80 4,559.00 4,780.00 4,520.00 2.81M 3.86%
Oct 24, 2021 4,492.40 4,598.80 4,719.25 4,193.10 5.31M -0.92%
Oct 17, 2021 4,534.30 4,798.90 4,916.65 4,305.05 10.03M -3.34%
Oct 10, 2021 4,691.20 4,420.00 4,937.65 4,175.50 10.78M 5.31%
Oct 03, 2021, 4,454.60 4,199.60 4,524.20 4,154.85 5.98M 6.45%

If you study the table thoroughly, you will know that the stock performed extraordinarily in 2021. It hit the mark of ₹ 5,060.00, which is an all-time high. However, on the same day, the stock closed at ₹ 4,839.40. Until December end, there were multiple price variations. But the year ended at more than ₹ 4700, which was good.

After Mid-January 2022, the stock took a dip, and until Mid-March, the price range fluctuated between ₹ 3500 to ₹ 4000. One of the most possible reasons for price downfall could be the impact of the Russia-Ukraine war. Not only Mindtree but the whole stock exchange witnessed huge losses.

sun pharma stock

Image Credit: Moneycontrol.com

The above image demonstrates the stock price fluctuations of Mindtree from mid-August 2021 to 5 May 2022. As you can notice, on 14 November 2022, the stock of Mindtree traded at the highest price. However, by the end of December, the company experienced a downward trend and wrapped up with a trading price of ₹ 4780.

From January 2022 to 5 May 2022, the lowest price that the company touched was in February, March, and in May. The reasons behind such downfalls are currently not clear. There are several mixed opinions on the same. The stock is in the overvalued zone, so the price fluctuations are apparent.

Mindtree Share Price NSE

As of 5 May 2021 at 16:08 Hours, the share price of Mindtree Limited on NSE was as follows:

Particulars Prices in ₹
Open 3,522.00
Previous Close 3,469.05
High 3,548.00
Low 3,476.00
UC Limit 3,815.95
LC Limit 3,122.15
52 Week High 5,060.00
52 Week Low 1,550.20

Mindtree Share Price BSE

As of 5 May 2021 at 16:08 Hours, the share price of Mindtree Limited on BSE was as follows:

Particulars Prices in ₹
Open 3,505.00
Previous Close 3,468.85
High 3,546.70
Low 3,478.25
UC Limit 3,861.95
LC Limit 3,159.85
52 Week High 5,059.15
52 Week Low 1,539.85

Mindtree Company Information

Founded in 1999, Mindtree Limited is an Indian multinational IT service and consulting company. It is headquartered in Bengaluru and is a part of Larsen & Toubro. The company focuses on delivering digital transformation and technology services from ideation to execution. Globally, it helps 2000 clients beat the competition.

The organisation employs more than 23,000 employees and has an annual revenue generation of ₹ 7839.9 Crores (1.1 USD billion). It has multiple branches in India and overseas.

Mindtree deals in a diverse range of segments, namely:

  •     E-commerce
  •     Data Analytics
  •     Mobile Applications
  •     Digital Transformation
  •     Testing
  •     Cloud Computing
  •     Enterprise resource planning
  •     Enterprise application integration

As of 31 March 2019, the company had more than 307 active clients and 43 officers in over 18 countries.

Mindtree History

Mindtree was incorporated in 1999 as  Mindtree Consulting Private Limited. It was promoted by ten industry professionals who came from Cambridge Technology Partners, Lucent Technologies and Wipro.

In December 2001, the company commenced an IT outsourcing partnership with Volvo Information Technology.

In 2003, Mindtree was evaluated as a P-CMM (People Capability Maturity Model) Level 5 company, while it was considered the CMMi Level 5 company in 2004.

The company went public on 12 December 2006 and was listed on the National Stock Exchange of India and the Bombay Stock Exchange.

Mindtree brought its IPO on 9 February 2007, which was oversubscribed. On 28 September 2012, the company announced a new brand logo and identity with the slogan “Welcome to possible”.

In 2012, under the leadership of Scott Staples, co-founder and Global Head of Sales, the company established its first U.S. delivery centre (UDSC) in Gainesville, Florida.  

In March 2020, Mindtree declared the appointment of new COO (Chief Operating Officer) Dayapatra Nevatia with immediate effect.

Management of Mindtree Limited

Management is considered one of the most crucial pillars of any company. Good management can lead an organisation to success, while an ignorant one can be the cause of distress. Therefore, while forming a company, it’s essential that people with the right attitude, relevant experiences and knowledge are recruited to be a part of the management team.

Mindtree was established by ten IT professionals who had profound insight into what they were doing. Currently, the management of the company is packed with experts who are remarkably professional and knowledgeable.  The  performance of the company is evidence of the same.

Given below is the list of team members in Mindtree’s management:

Name Designation
Debashis Chatterjee CEO and Managing Director
Venu Lambu Executive Director and President, Global Markets
Sonal Basu General Counsel
Aan Chauhan Chief Technology Officer
Suresh Bethavandu Chief People Officer
Vinit Teredesai Chief Financial Officer
Paneesh Rao Global Head of Sustainability
S N Subrahmanyam Non-executive Vice Chairman
A M Naik Non-executive Chairman
R Shankar Raman Non-executive Director
Akshaya Bhargava Independent Director
Apurva Purohit Independent Director
Deepa Gopalan Wadhwa Independent Director
Bijou Kurien Independent Director
Chandrasekaran Ramakrishnan Independent Director

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Mindtree Company Location

Mindtree Limited is headquartered in Bangalore, but it has various branches in India and overseas. Given below is the address of Mindtree headquarters.

Mindtree Headquarters Address

Mindtree Ltd.

Global village,

RVCE post-Mysore road

Bengaluru – 560 059, Karnataka, India.

Mindtree Company Performance

Mindtree generated a total income of ₹ 2,820.80 Crores—a jump of 39.06% from the last year’s same quarter. The company made a total income worth ₹ 2,148.20 Crores and reported a net profit of ₹ 473.10 Crores, excluding the tax, in the latest quarter.

At the quarter-end, i.e., on March 31 2022, the auditors of Mindtree declared a Consolidated Total Income of ₹ 2,987.30 Crores, which was up by 5.90% against the last quarter. Moreover, the company spent less than 1% of its operating revenues on interest expenses and 60.12% on employee costs in the year ending on 31 March 2022.

The organisation furnished a Return on Equity (ROE) of 30.19% in the last quarter-end, outperforming its 5-year average of 24.84%. Mindtree’s annual revenue growth of 33.41% surpassed its 3-year compounded annual growth rate of 14.9%.

As per the latest trading session, Mindtree delivered a 3-year return of 257.57% compared to Nifty 100, which gave a return of 47.59%.

The stock produced a return of 257.57% compared to Nifty IT, which furnished a 96.5% return over three years.

In a nutshell, the company is performing exceptionally well and is contemplated to keep up the rising growth in future as well.

Mindtree Stock Returns in 2020 and 2021

Glance through the table below to get an idea about company’s stock returns in 2020 and 2021:

Date Price (₹) Open (₹) High (₹) Low (₹) Vol Change
Dec 2021 4,780.00 4,364.00 4,788.90 4,249.95 14.83M 10.43%
Nov 2021 4,328.55 4,559.00 5,060.00 4,223.05 26.81M -3.65%
Oct 2021 4,492.40 4,199.85 4,937.65 4,153.15 32.80M 6.96%
Sep 2021 4,200.10 3,652.00 4,733.90 3,572.55 29.91M 15.79%
Aug 2021 3,627.25 2,884.50 3,681.45 2,760.00 27.37M 26.60%
Jul 2021 2,865.20 2,600.00 2,944.00 2,457.55 21.95M 10.18%
Jun 2021 2,600.50 2,407.35 2,618.35 2,341.10 11.95M 8.61%
May 2021 2,394.35 2,100.00 2,405.00 2,070.00 21.00M 13.69%
Apr 2021 2,106.00 2,084.00 2,275.95 1,951.00 26.47M 1.06%
Mar 2021 2,083.90 1,614.15 2,158.95 1,596.80 29.98M 30.26%
Feb 2021 1,599.75 1,646.00 1,789.35 1,550.20 11.35M -2.76%
Jan 2021 1,645.15 1,655.00 1,820.00 1,617.45 25.39M -0.92%
Dec 2020 1,660.35 1,417.30 1,665.00 1,391.00 24.51M 17.15%
Nov 2020 1,417.30 1,329.25 1,452.65 1,282.50 20.25M 6.76%
Oct 2020 1,327.60 1,343.00 1,605.85 1,262.30 50.39M -0.81%
Sep 2020 1,338.50 1,184.00 1,367.00 1,132.55 32.26M 15.81%
Aug 2020 1,155.75 1,089.00 1,212.45 1,086.00 16.59M 6.68%
Jul 2020 1,083.40 930.00 1,112.00 918.40 29.45M 17.04%
Jun 2020 925.65 895.20 982.95 858.55 30.00M 3.47%
May 2020 894.60 885.00 927.65 815.60 18.36M -2.33%
Apr 2020 915.95 803.00 921.80 692.00 21.66M 10.53%
Mar 2020 828.70 936.00 1,033.70 700.15 19.43M -12.21%
Feb 2020 944.00 892.35 1,062.80 867.20 21.62M 6.32%
Jan 2020 887.90 801.00 919.05 795.50 28.40M 10.97%

As per the data in the table, it’s pretty apparent that the company made stunning progress from the beginning of 2020 to the end of 2021. In January, the highest closing price of the stock was ₹ 887, and the highest of the day was ₹ 919.05. The stock traded between ₹ 800 to ₹ 950 until June 2020, and it elevated beyond ₹ 1600 by the year-end.

In 2021, the stock had the greatest time ever and hit an all-time high of ₹ 5060. Most of the stocks hit their highest in 2021 due to sudden demands and better performance of stock exchanges.

So, if you invested in 2019 or at the beginning of 2020, you must  have gained extreme profit in 2021 and as of now.

Mindtree Listings and Indices

Mindtree Limited went public on 9 February 2007. The company was listed on three major stock exchanges and became a part of 28 indices. To know more about Mindtree listing information, have a look at the table below:

Mindtree Listing Information
Incorporation Date 5 August 1999
NSE Code MindtreeEQ
BSE Code 532819
Face Value 10
BSE Group A
Public Issue Date 9 February 2007
Market Lot of Equity Shares 1

Part of Indices

The company is a part of 28 indices. A list of the following indices is given below:

Nifty 100 NIFTY200 Quality 30
Nifty 200 S&P BSE 100 LargeCap TMC Index
Nifty 500 S&P BSE 200
NIFTY 500 Multicap 50:25:25 Index S&P BSE 250 LargeMidCap Index
Nifty Alpha 50 S&P BSE 500
Nifty Full Midcap 100 S&P BSE AllCap
Nifty India Digital S&P BSE Dollex – 200
Nifty IT S&P BSE Information Technology
Nifty LargeMidcap 250 S&P BSE LargeMidCap
Nifty Midcap 100 S&P BSE MidCap
NIFTY Midcap150 Quality 50 S&P BSE MidCap Select Index
Nifty Next 50 S&P BSE MidSmallCap
Nifty Total Market S&P BSE TASIS Shariah 50
Nifty200 Momentum 30 Index S&P BSE TECK

Mindtree Listing on Stock Exchanges

Mindtree is listed on three major stock exchanges as provided below:

  •     MCX Stock Exchange
  •     National Stock Exchange of India Ltd.
  •     Bombay Stock Exchange

Should You Invest in Mindtree Limited?

Currently, the company is virtually debt-free and has a good ROE (Return on Equity) track record of 27.78%. In the last three years, it has produced an average profit growth of 29.90%.

Moreover, Mindtree holds an effective cash conversion ratio of 93.01% and a PEG (Price/Earnings to Growth) ratio of 0.72%. With a sales growth of 31.90% and a healthy net profit of 28.02%, the company isn’t leaving any stones unturned.

In short, the company has performed exceptionally well in the last decade. According to 93% of the stock market experts, the stock is a good buy for the investors. Those who are seeking profits in the short run must avoid the stock as the share prices have been fluctuating a lot recently.

On the contrary, if you aim at extracting profits in the long haul, then Mindtree could be an ideal choice to invest in.

However, before you reach any conclusion, you should do a thorough analysis of the company, such as its technical and fundamental analysis. Once you find that the company has a better prospect and that it has growth potential in the future, you can  think of purchasing the stock.

FAQ’s about Mindtree Share Price

Q1. Is Mindtree a good buy?

Yes, it would be an ideal stock to buy if you have the patience to hold the stock for a few years.

Q2. Is Mindtree stock overvalued?

Yes, Mindtree falls under the overvalued zone.

Q3. Is Mindtree bullish?

If we compare the stock prices of Mindtree for the last six months, the stock seems bearish.

Q4. What is the 52-week high of Mindtree?

52-week high of Mindtree is ₹ 5,060.00, which was on November 14, 2021.

Q5. What is the 52-week low of Mindtree?

It’s ₹ 2,070.00 on 16 May 2021.

Q6. What is the market cap of Mindtree?

The market capitalisation of Mindtree Limited is ₹ 57,864.07 Crores.

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