MindTree (MINDTREE.NS) Stock Price

MindTree Price

Delisted·Nov 22, 2022
3,442.70INR
Last traded price

Over the last 19 years MindTree grew revenue by 29.1% annually, reaching 105.25 B INR. Earnings per share have grown at 40.0% per year over the last 18 years. For MindTree, the net margin of 15.7% is up versus 10.4% a few years ago.

MindTree stock price

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Stock Price

How to Read This Chart

This chart tracks the historical stock price of MindTree over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how MindTree stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing MindTree's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

MindTree Stock Price History
DateMindTree Price
Access this data via the Eulerpool API

MindTree Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
70.22 B INR
9.00 B INR
7.54 B INR
Jan 1, 2020
77.64 B INR
8.14 B INR
6.31 B INR
Jan 1, 2021
79.68 B INR
13.90 B INR
11.11 B INR
Jan 1, 2022
105.25 B INR
19.54 B INR
16.53 B INR
Jan 1, 2023 (e)
139.44 B INR
26.33 B INR
20.89 B INR
Jan 1, 2024 (e)
158.69 B INR
29.16 B INR
23.64 B INR
Jan 1, 2025 (e)
181.52 B INR
33.42 B INR
27.21 B INR
Jan 1, 2026 (e)
164.85 B INR
27.76 B INR
23.57 B INR

MindTree Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 23, 2026, 12:59 AM
 
REVENUEB INR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB INR
EBITB INR
EBIT MARGIN%
NET INCOMEB INR
NET INCOME GROWTH%
SHARESM
2011201220132014201520162017201820192020202120222023e2024e2025e2026e
15.0919.1523.6230.3235.6246.7352.3654.6370.2277.6479.68105.25139.44158.69181.52164.85
16.4426.9223.3228.3617.4931.1912.064.3228.5310.582.6232.1032.4813.8014.39-9.19
626.01493.24399.97311.6094.0693.6594.1493.6192.4892.0092.8189.7589.7589.7589.7589.75
94.4794.4794.4794.4733.5043.7649.2951.1464.9371.4473.9594.47125.15142.42162.91147.95
1.072.244.245.686.496.615.325.699.008.1413.9019.5426.3329.1633.4227.76
7.0611.6717.9518.7318.2114.1410.1710.4212.8210.4917.4518.5618.8818.3818.4116.84
1.022.193.394.515.365.534.195.707.546.3111.1116.5320.8923.6427.2123.57
-52.70115.0655.2932.8618.973.02-24.2436.1932.28-16.3476.0248.8426.3713.1715.13-13.37
163.00161.00166.00168.00168.00168.00168.00166.00164.00165.00165.00164.88164.88164.88164.88164.88
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales MindTree generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue MindTree retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare MindTree's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares MindTree has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against MindTree's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

MindTree stock margins

The MindTree margin analysis displays the gross margin, EBIT margin, as well as the profit margin of MindTree. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for MindTree.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2018
93.61 %
10.42 %
10.44 %
Jan 1, 2019
92.48 %
12.82 %
10.74 %
Jan 1, 2020
92.00 %
10.49 %
8.13 %
Jan 1, 2021
92.81 %
17.45 %
13.94 %
Jan 1, 2022
89.75 %
18.56 %
15.70 %
Jan 1, 2023 (e)
89.75 %
18.88 %
14.98 %
Jan 1, 2024 (e)
89.75 %
18.38 %
14.90 %
Jan 1, 2025 (e)
89.75 %
18.41 %
14.99 %

MindTree Stock Revenue, EBIT, Earnings per Share

The MindTree earnings per share therefore indicates how much revenue MindTree has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2018
329.08 INR
34.28 INR
34.34 INR
Jan 1, 2019
428.14 INR
54.90 INR
45.98 INR
Jan 1, 2020
470.56 INR
49.36 INR
38.24 INR
Jan 1, 2021
482.90 INR
84.25 INR
67.30 INR
Jan 1, 2022
638.34 INR
118.48 INR
100.25 INR
Jan 1, 2023 (e)
845.31 INR
159.71 INR
126.62 INR
Jan 1, 2024 (e)
962.00 INR
176.87 INR
143.30 INR
Jan 1, 2025 (e)
1,100.41 INR
202.66 INR
164.97 INR

MindTree business model & stock analysis

MindTree Ltd is a global technology and service provider based in Bangalore, India. The company was founded in 1999 by a group of IT professionals, including Ashok Soota, Subroto Bagchi, Krishnakumar Natarajan, and others. Their vision was to create a company focused on developing products and solutions for the IT industry. MindTree's business model is based on the concept of collaboration. Employees, customers, and partners work closely together to develop innovative solutions and promote collaboration. The company employs around 22,000 people worldwide and is divided into various business segments, including IT services, consulting, outsourcing, and products. MindTree is a leading provider of IT services, offering a wide range of services, including application development, system integration, testing, and maintenance. The company also specializes in specific services such as developing solutions for the aviation industry, financial services, healthcare, and telecommunications. As a consulting firm, MindTree provides consulting and management services to help businesses improve their operations. The company focuses on areas such as process optimization, business analysis, and strategic planning. MindTree is also a major provider of outsourcing services for companies in various industries. The company offers outsourcing solutions for IT services, business processes, human resources, and manufacturing. The company has a strong presence in the US, Europe, and Asia, with offices in over 15 countries and serving clients in more than 50 countries worldwide. MindTree also offers a range of products and solutions for various industries. These include software for the aviation and defense industries, solutions for the healthcare and pharmaceutical industries, software for the Internet of Things (IoT), and for big data applications. One of MindTree's standout products is avionics software for the aviation industry. This software is used for monitoring aircraft systems and remotely controlling aircraft. Another notable solution from MindTree is the "EtherMind Bluetooth Stack," software for Bluetooth devices used by many companies. MindTree has received numerous awards and recognition for its innovations. The company is also committed to sustainability and social responsibility, launching several initiatives such as education promotion programs, environmental protection projects, and community support programs. Overall, MindTree has become a leading company in the IT industry and is known for its innovation, collaboration, and social responsibility. With its wide range of products, services, and solutions, MindTree is well-positioned to continue growing and reaching new markets in the future.

MindTree SWOT Analysis

Strengths

MindTree Ltd has a strong reputation in the technology industry, especially in the software services and consulting sector. The company has a solid track record of delivering high-quality solutions to its clients.

The company has a talented and experienced workforce, comprising of skilled professionals. This enables MindTree to provide innovative, customized and efficient solutions to meet the diverse needs of its clients.

MindTree has established strong relationships with its clients, which ensures repeat business and long-term partnerships. The company's commitment to delivering customer satisfaction has helped in building a loyal customer base.

Weaknesses

One of the weaknesses of MindTree Ltd is its dependency on a few key clients for a significant portion of its revenue. This makes the company vulnerable to potential risks associated with client loss or decrease in business from these key clients.

MindTree faces intense competition from other players in the technology services industry. This competition can potentially impact the company's market share and profitability.

The company's geographical presence is limited to a few regions, which restricts its market reach and potential for expansion.

Opportunities

With the increasing demand for digital transformation and technology solutions, MindTree has an opportunity to capitalize on this market trend and offer its expertise to clients across various industries.

Expanding its global presence by entering new markets can help MindTree tap into untapped potential and reach a larger customer base.

The company can explore strategic partnerships and collaborations with other technology firms to enhance its capabilities and offer comprehensive solutions to clients.

Threats

The technology industry is highly dynamic and constantly evolving, which means MindTree needs to stay updated with the latest trends and advancements to remain competitive.

Economic uncertainties and changing government regulations in key markets can pose challenges for MindTree's business operations and profitability.

Cybersecurity threats are a significant concern for technology companies like MindTree. Ensuring data protection and maintaining robust security measures is essential to safeguard the company's reputation and clients' trust.

MindTree Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

MindTree historical P/E ratio, EBIT multiple, and P/S ratio

MindTree annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

MindTree shares outstanding

The number of shares of MindTree was 164.88 M in 2025. This indicates how many shares MindTree is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2018
166.00 M Stocks
Jan 1, 2019
164.00 M Stocks
Jan 1, 2020
165.00 M Stocks
Jan 1, 2021
165.00 M Stocks
Jan 1, 2022
164.88 M Stocks
Jan 1, 2023 (e)
164.88 M Stocks
Jan 1, 2024 (e)
164.88 M Stocks
Jan 1, 2025 (e)
164.88 M Stocks
Price targets and forecasts for MindTree are not yet available.

MindTree shareholder structure

% Name
60.94215%
Larsen & Toubro Ltd
Larsen & Toubro Ltd
2.63119%
Life Insurance Corporation of India
Life Insurance Corporation of India
2.03949%
UTI Asset Management Co. Ltd.
UTI Asset Management Co. Ltd.
1.72769%
Natarajan (Krishnakumar)
Natarajan (Krishnakumar)
1.57618%
Bagchi (Susmita)
Bagchi (Susmita)
1.22810%
Axis Asset Management Company Limited
Axis Asset Management Company Limited
...

MindTree Executives and Management Board

AN

Mr. Anilkumar Naik

Non-Executive Chairman of the Board

DC

Mr. Debashis Chatterjee

(54)

Chief Executive Officer, Managing Director, Director · since 2019

SS

Mr. S. N. Subrahmanyan

Non-Executive Vice Chairman of the Board

VT

Mr. Vinit Teredesai

Chief Financial Officer

SS

Mr. Subhodh Shetty

Compliance Officer, Company Secretary

Frequently asked questions about MindTree

The business model of MindTree Ltd is focused on providing information technology consulting and technology services to clients across various industries. The company offers a wide range of services, including application development and maintenance, infrastructure management, and digital transformation. MindTree leverages its expertise in emerging technologies, such as artificial intelligence and cloud computing, to deliver innovative solutions to its clients. With a client-centric approach and a focus on driving business outcomes, MindTree aims to create long-term partnerships and deliver value in the digital age.

All fundamentals and in-depth analysis of MindTree

Our stock analysis for MindTree stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of MindTree. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.