Mastek Share Price: HDFC Securities has reviewed Mastek's performance days after the digital & cloud transformation firm declared its Q4FY26 results.
The brokerage has maintained Buy rating with a 33 per cent upside target.
HDFC Securities noted that Mastek reported muted revenue growth of 0.3 per cent quarter-on-quarter in constant currency terms. The company's order book remained strong, registering a 13.6 per cent year-on-year increase.
HDFC Securities on Mastek
The brokerage noted that the EBITDA margin declined by around 70 basis points sequentially to 16.1 per cent. Deals related to artificial intelligence contributed approximately 9 per cent to the overall order book.
The brokerage expects FY27 growth to remain in low single digits due to a weak exit rate and prevailing macroeconomic headwinds. The US business is currently undergoing a reset, while the UK market continues to show strength.
Margins are projected to remain in the range of 16-16.5 per cent. Strong deal wins are expected to provide visibility over the medium term.
Highlights;
- Revenue growth muted at 0.3 per cent QoQ (CC)
- Order book strong, with 13.6 per cent YoY growth
- EBITDA margin declined ~70 bps QoQ to 16.1 per cent
- AI deals contributing ~9 per cent of order book
- FY27 growth expected in low single digits due to weak exit and macro headwinds
- US business undergoing reset; UK remains strong
- Margins expected in 16-16.5 per cent range
- Strong deal wins provide medium-term visibility
Mastek Share Price Target 2026
HDFC Securities has maintained a Buy with a target price of Rs 2,250.
Mastek Share Price
On Tuesday around 9:39 AM, the stock was trading at Rs 1695, up 0.63 per cent from its previous closing, on BSE.
Mastek Q4 Results FY2026
In March 2026 quarter, Mastek's net profit fell 2 per cent quarter-on-quarter to Rs 106.2 crore. In the previous quarter it was Rs 108.4 crore.But compared to last year, profit jumped 30.9 per cent from Rs 81.1 crore.
Company's revenue from operations grew 3.6 per cent quarter-on-quarter to Rs 938 crore (from Rs 905.7 crore in Dec 2025 quarter). On yearly basis also, revenue increased 3.6 per cent from Rs 905.4 crore.
This growth was helped by a strong 24.4 per cent year-on-year rise in Mastek's 12-month order backlog.
Mastek Dividend 2026
Mastek's board has recommended a final dividend of 320 per cent or Rs 16 per equity share (face value Rs 5) for the full year ended March 31, 2026.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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