Are you thinking about what will be Mindtree share price targets in 2022, 2023, and 2025? then you are in right place. Here we are going to analyze the Mindtree share price targets by considering various factors such as earning growth of the company, technical analysis, risk factors, etc. All aspects are considered in this post then we will decide what will be the targets of Mindtree share.
Wednesday 13 July, Mindtree IT companies announced their Q1 Results, let’s see how the company performed in the Q1 result of 2022 as compared to the previous year’s comparison.
Mindtree Q1 Results 2022
Wednesday 13 July, Mindtree Q1 Results 2022 was announced. Let’s see the company performed in this quarter 1. In comparison to the same quarter last year, Mindtree’s consolidated net profit increased by 37% to Rs 472 crore for the quarter ending June 30, 2022. Last year 30 June 2021 net profit of Mindtree was 343 Crore.
You can see that by comparing Mindtree Q1 Results 2022 to 2021 it has increased year on a year basis. It is a good sign of the company as a prospective growth the company. Now let’s see the fundamental parameters of the company and how good they are.
Mindtree fundamental analysis
Mindtree company fundamental parameters analysis
Whenever we evaluate any stock the first important parameter of all stock analysis is the PE ratio of the company. It states or gives some information how is the growth of the company as well as gives information about whether is stock is undervalued or overvalued at the current time.
The price-to-earning ratio of Mindtree is 26.8. it seems attractive means the stock price is not overpriced as compared to its earnings. Generally, if the PE of the company is between 20 to 30 it considers a good sign.
let’s see the ROE i.e. Return on equity of the Mindtree company stock. The return on equity ratio displays how much profit is made from each rupee of equity held by common stockholders. Return of Equity of the Mindtree is now 33.8. Generally, if the ROE of the company is more than 20 then it good sign to research that stock The higher the return of equity is better for investment purposes.
Now let’s see the Current ratio of the Mindtree is 3.02. A company’s capacity to cover its short-term liabilities with its short-term assets is gauged by its current ratio. A higher current ratio is preferred so that the business can withstand unpredicted business and economic volatility. Other parameters such as
1- The ROCE of the company is now 41.5. Stock ROCE is always greater than 20 to be considered for research purposes.
2- The book value of the Mindtree is ₹ 349.
3- Promotor has a good holding in the company almost 61%.
let’s see the last four year’s net profit of the company.
1- In March 2019, Mindtree’s net profit was 754 Cr.
2- In March 2020, Mindtree’s net profit was 631Cr
3- In March 2021, Mindtree’s net profit was 1110 Cr
4- In March 2022, Mindtree’s net profit was 1653 Cr.
let’s see the last four years’ sales of the company.
let’s see the last four year’s sales of the company.
1- In March 2019, Mindtree’s sales were 7022 Cr.
2- In March 2020, Mindtree’s sales were 7764 Cr
3- In March 2021, Mindtree’s sales were 7968 Cr
4- In March 2022, Mindtree’s sales were 10525 Cr.
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Pros of the Mindtree share.
1- Mindtree share has delivered good profit growth of 31.60% CAGR over the last five years.
2- Mindtree share has a good return on equity (ROE) track performed. three Years ROE 28.60%.
3- Mindtree share has been maintaining a healthy dividend payout of 32.64%
4- Mindtree shares a virtually debt-free company.
Cons of the Mindtree share.
1-Mindtree share is trading at 8.30 times its book value.
now considering all factors let’s see what will be targeted may be Mindtree’s share price target will achieve in the future.
Mindtree share price target 2022
During the Corona period, all the sector’s stocks had downed and not performed well except pharma and IT industry. Mindtree is an IT stock and has good demand in the market. The company has also increased its profit quarter on quarter basis. By seeing companies’ growth Mindtree share price target 2022 end may be reached in the 3100 to 3180 range.
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Mindtree share price target 2023
Mindtree is a software company and it provides services like Cloud
Data Analytics, Augmented reality and virtual reality services, IoT-based services, and Artificial intelligence-related services. It means they work on this type of service which has huge demand in the world.
It works on various projects and has good demand in the market. As they work on research and development their customer growth will occur in the future.
so, Mindtree share price target 2023 end will be reached in the 3900 to 4000 range.
Mindtree share price target 2025
By doing fundamental analysis and technical analysis the price forecast of the Mindtree share price target 2025 will be in the RS 5400 to RS 5800 range.
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