Company Profile

Mastek has won the multi-tower deal from Yanbu Cement Company (YCC) to optimize the efficiency of YCC’s production line. YCC, a pioneer in the cement industry in the Kingdom of Saudi Arabia (KSA), embarked on a digital & cloud transformation journey with Mastek in 2022, aligning with Saudi Arabia’s Vision 2030 and Smart Industry 4.0 initiatives. 

Following the execution of multiple back office and Enterprise Resource Planning (ERP) transformation programs in the first phase, Mastek will kick-off the second phase, focusing on automating YCC’s front office operations and streamlining the lead-to-cash cycle. By leveraging the Oracle Fusion stack across integrated layers of ERP systems, Mastek will enable YCC to improve customer & employee experience, reduce order fulfilment turnaround time (TAT), optimize material loading & dispatch processes, and enhance quality with governance excellence. 

During the initial phase, Mastek transformed YCC’s EBS-based infrastructure to Oracle Fusion Cloud. An extensive suite of Oracle Cloud modules was implemented, such as Human Capital Management (HCM), Enterprise Planning & Budgeting Cloud Service (EPBCS), Profitability & Cost Management Cloud Service (PCMCS), and Oracle Maintenance Cloud. The project marks a significant achievement for Mastek as it expands its revenue streams through CX Transformation, EX Transformation & Industrial Edge offerings, and is poised to tap into new market potential. With an increased focus on CX, EX & connected enterprise solutions Mastek aims to strengthen its footprint as a digital transformation leader in the Middle East region.

Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.

Mastek is currently trading at Rs. 2704.80, up by 54.45 points or 2.05% from its previous closing of Rs. 2650.35 on the BSE.

The scrip opened at Rs. 2665.55 and has touched a high and low of Rs. 2815.00 and Rs. 2622.15 respectively. So far 12043 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3147.00 on 16-Feb-2024 and a 52 week low of Rs. 1680.10 on 25-Apr-2023.

Last one week high and low of the scrip stood at Rs. 3100.25 and Rs. 2572.00 respectively. The current market cap of the company is Rs. 8374.08 crore.

The promoters holding in the company stood at 36.26%, while Institutions and Non-Institutions held 21.46% and 42.27% respectively.

Mastek has won the multi-tower deal from Yanbu Cement Company (YCC) to optimize the efficiency of YCC’s production line. YCC, a pioneer in the cement industry in the Kingdom of Saudi Arabia (KSA), embarked on a digital & cloud transformation journey with Mastek in 2022, aligning with Saudi Arabia’s Vision 2030 and Smart Industry 4.0 initiatives. 

Following the execution of multiple back office and Enterprise Resource Planning (ERP) transformation programs in the first phase, Mastek will kick-off the second phase, focusing on automating YCC’s front office operations and streamlining the lead-to-cash cycle. By leveraging the Oracle Fusion stack across integrated layers of ERP systems, Mastek will enable YCC to improve customer & employee experience, reduce order fulfilment turnaround time (TAT), optimize material loading & dispatch processes, and enhance quality with governance excellence. 

During the initial phase, Mastek transformed YCC’s EBS-based infrastructure to Oracle Fusion Cloud. An extensive suite of Oracle Cloud modules was implemented, such as Human Capital Management (HCM), Enterprise Planning & Budgeting Cloud Service (EPBCS), Profitability & Cost Management Cloud Service (PCMCS), and Oracle Maintenance Cloud. The project marks a significant achievement for Mastek as it expands its revenue streams through CX Transformation, EX Transformation & Industrial Edge offerings, and is poised to tap into new market potential. With an increased focus on CX, EX & connected enterprise solutions Mastek aims to strengthen its footprint as a digital transformation leader in the Middle East region.

Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.

Mastek has been awarded a place on Lot 1: Solution, Enterprise & Tech Architecture, Data, Innovation, Tech Assurance, and Knowledge & Information Management of the UK Ministry Of Defence’s (MOD) Digital and IT Professional Services (DIPS) framework. Mastek will also be a subcontractor for Qinetiq on Lot 2: Dev, Aps, UX, Dev Ops, Sys Design, and App Support, and on Lot 3: Cyber Security, Crypto, Sec Ops, and Integrated Systems.

Crown Commercial Service (CCS) assisted MOD in the production of the DIPS framework and became the framework authority upon go-live with MOD responsible for all customer engagement. The DIPS framework is due to run for four years. The comprehensive DIPS framework will support and enable the MOD with its digital strategy in the areas of data, modern technology, cyber defence, and digital delivery of capability that is relevant, cost-competitive, and on time to meet the demands of Defence’s transformation objectives.

Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.

Mastek has been certified as Great Place To Work in India, UK, US, and Middle East. Mastek is acknowledged for fostering trust, integrity, self-belongingness, and benevolence within its diverse workforce. Nearly 74 percent of employees participated in the GPTW survey, validating Mastek’s commitment to employees’ physical and emotional well-being and supporting career growth opportunities.

Great Place To Work is the global authority that helps organizations benchmark their workplace culture and produce high-performing results by creating a high-trust work experience for all employees. This authority conducts surveys and examine employees’ sentiments and well-being to help make organizations data-driven people decisions.

Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.

In terms of Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mastek has informed that a meeting of the Board of Directors of the company is scheduled to be held on Thursday, April 18, 2024, to consider, approve and take on record the following: Consolidated (including Subsidiaries) and Standalone Audited Financial Results of the Company under Indian Accounting Standards (Ind AS) for the Financial Year ended March 31, 2024;  Recommend a final dividend for the Financial Year 2023-24, subject to the approval of the Shareholders at the ensuing 42nd Annual General Meeting; and any other matter with the permission of the Chair. Further to letter no. SEC/148/2023-24 dated March 27, 2024, it has informed that in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Company's Internal Code for Prohibition of Insider Trading ('Code'), the trading window of the Company has been closed since March 31, 2024 onwards. The Trading Window shall remain closed till the expiry of 48 hours from the date the said Financial Results are made public and the trading window will re-open on April 22, 2024. Pursuant to Regulation 30 and 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it has informed that the Company will hold an Earnings Conference Call on Friday, April 19, 2024, for investors / analysts, to discuss the financial results of FY 23-24 and business outlook. The details of the Earnings Conference Call are enclosed herewith titled ‘Mastek to announce Q4FY24 results on April 18th, 2024; Earnings call to be held on April 19th, 2024 at 5:00 pm (IST) and is also being made available on the Company's website at www.mastek.com.