Case study

MINDTECK

Mindteck (India) Limited

Mixed signals1y model -2.4%

Each stock's 10,000-path forecast, rendered as light.

52Score

Mindteck (India) Limited (MINDTECK) Stock Analysis & Case Study

Is MINDTECK a good buy? The data-driven verdict.

Mindteck (India) Limited (MINDTECK) trades at ₹192,on the numbers it mixed signals, a Downstox Snapshot Score of 52/100.

On the numbers, Mindteck (India) Limited (MINDTECK) mixed signals, a Downstox Snapshot Score of 52/100, weighing fairly valued at 18.0× earnings, ROE of 12.1%, a 48% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

MINDTECK fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹614 Cr
Current price
₹192
P/E ratio
18.0×
P/B ratio
2.02×
Book value
₹95
Dividend yield
0.52%
ROCE
15.1%
ROE
12.1%
Piotroski F-Score
6/8

How MINDTECK ranks against the 2,373 companies in our screener

Is MINDTECK overvalued? MINDTECK P/E vs peers

MINDTECK trades at 18.0× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

MINDTECK share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of MINDTECK history (10%/yr drift, 54%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
MINDTECK 2027₹95₹187₹371-2%
MINDTECK 2028₹68₹183₹489-5%
MINDTECK 2029₹54₹178₹592-7%
MINDTECK 2030₹43₹174₹703-9%
MINDTECK 2031₹35₹170₹815-12%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability MINDTECK goes up, or doubles?

48%
Higher in 1 year
Modelled chance the price is above today in 12 months
46%
Higher in 5 years
Modelled chance the price is above today in 5 years
25%
Doubles in 5 years
Modelled chance of reaching ₹384 within 5 years

The bull case for MINDTECK

  • MINDTECK's P/E of 18.0x is lower than 67% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • MINDTECK's return on equity of 12.1% ranks in the 60th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹592.

The bear case & risks

  • High historical volatility (54%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹54.

MINDTECK volatility & expected range, how bumpy is the ride?

Over the last 9.8 years MINDTECK compounded at 10%/year with annualized volatility of 54%. That volatility implies a 1-year 80% range of ₹95-₹371, the honest backbone behind any single price target.

MINDTECK price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
2.4%
80% range₹95-₹371
P(price ↑)48%
P(price 2×)9%
3-Year Forecast
2029
₹0
Median (P50)
7.1%
80% range₹54-₹592
P(price ↑)47%
P(price 2×)20%
5-Year Forecast
2031
₹0
Median (P50)
11.6%
80% range₹35-₹815
P(price ↑)46%
P(price 2×)25%

MINDTECK price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
MINDTECK simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds MINDTECK hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the MINDTECK price target & forecast page.

MINDTECK Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. MINDTECK scores 6/8, mixed financial health.

MINDTECK MTF margin & leverage across 6 brokers

Margin Trading Facility lets you buy MINDTECK with part of the capital. Lower margin % = higher leverage. Rates compared across 6 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Zerodha50.00%2.0×
Groww39.00%2.6×
Dhan50.00%2.0×
Kotak Neo100.00%1.0×
Pocketful50.00%2.0×
Share IndiaCHEAPEST38.94%2.6×

Compare every broker on the MINDTECK MTF page.

About Mindteck (India) Limited: sector, index & market-cap context

Mindteck (India) Limited (MINDTECK) is a small-cap NSE-listed company, with a market capitalisation of ₹614 Cr. See more stocks on our screener.

How the MINDTECK Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Mindteck (India) Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

MINDTECK analysis, FAQs

Is Mindteck (India) Limited (MINDTECK) a good buy?

On the numbers, Mindteck (India) Limited (MINDTECK) mixed signals, a Downstox Snapshot Score of 52/100, weighing fairly valued at 18.0× earnings, ROE of 12.1%, a 48% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is MINDTECK overvalued or undervalued?

MINDTECK trades at 18.0× earnings, fairly valued versus the ~22× long-run Nifty average.

What is the MINDTECK share price target for 2031?

MINDTECK's probability-weighted 2031 median target is ₹170, with an 80% range of ₹35-₹815 (10,000-path Monte-Carlo).

What is the probability MINDTECK doubles in 5 years?

The modelled probability of MINDTECK reaching ₹384 (2×) within 5 years is 25%.

What is the bull case for MINDTECK?

MINDTECK's P/E of 18.0x is lower than 67% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. MINDTECK's return on equity of 12.1% ranks in the 60th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

What are the risks in MINDTECK?

High historical volatility (54%/yr) means a wide, bumpy range of outcomes, size positions accordingly.

More on MINDTECK