Research Report by:

Aravinth S
 RESEARCH OVERVIEW

v ABOUT THE COMPANY

v PERFORMANCE HIGHLIGHTS
v COMPANY MANAGEMENT
v SHAREHOLDING PATTERN
v SWOT ANLAYSIS
v COMPETITOR ANALYSIS
v WAY FORWARD
ABOUT THE COMPANY

ü Mindtree is a technology consulting and digital solutions company servicing over 340
clients globally
ü By July 2019, L&T bought majority stake in the MindTree and it was incorporated into
Larsen & Toubro Group
ü The Company's activity is structured into two business units that focus on software
development - IT Services and R&D Services, in which MindTree offers different IT
Services to Capital Markets, Insurance, Manufacturing, Retail and Travel &
Transportation Industries
ü The company’s range of services includes application development, maintenance &
outsourcing, consulting, package implementation and so on
ü With a market cap of ₹27,549 crores, the company reiterated its 4*4*4 plan, i.e. to
focus on four industries (RCM, BFSI, TTH and CMT), four service lines (customer
success, cloud, data and intelligence and Enterprise IT) and four geographies (North
America, UK and Ireland, Continental Europe and Asia Pacific, and Rest of the World)
BOARD OF
DIRECTORS
PERFORMANCE
FINANCIAL METRICS
Revenue Streams
SHAREHOLDING PATTERN
 SWOT ANALYSIS

STRENGTHS

THREATS S •

•
Rising Net Cash Flow and Cash
from Operating activity
Increasing profits every quarter
• Adverse exchange rate fluctuations for the past 4 quarters
• US Visa Norms • Companies with rising net profit

T
margins - quarterly as well as

W
TTM basis

WEAKNESSES

O
• High dependence on limited clients
OPPORTUNITIES • Promoter holding decreased by
more than -2% QoQ
• Stock Price hit 52 week high and is
expected to rally with the upcoming
Q3 results
• Pandemic-induced acceleration in
demand for digital transformation
COMPETITOR ANALYSIS
 FUTURE AHEAD

ü Mindtree aspires to become the ‘go-to’ business transformation partner for

its partners, analysts and advisors
ü Possible suspension of H-1B visas, might result in increased hiring in US
market and in turn increase the operating costs
ü Demand is expected to pickup in the upcoming quarters and hence the firm
is well positioned to grow with its strong business model and cash backup
ü The company is confident the deal pipeline and strong order book will help it
continue the growth momentum into the second half of financial year 2020-
21 (FY21)
THANK YOU