Krishnakumar Natrajan, CEO of Mindtree told CNBC-TV18 that there is no plan to acquire any domestic IT company or to find itself a suitor.
At the NASSCOM Leadership Forum, Krishnakumar Natrajan, CEO of Mindtree told CNBC-TV18 that there is no plan to acquire any domestic mid-size IT company or to find itself a suitor to sell out. On the contrary, Mindtree is is interested in foreign origin companies, particularly in payment and digital space. There are good opportunities in that space in North America and Europe, he said.
Mindtree is bearing the brunt of a slowdown in market due to which its USD 1bn revenue target got pushed behind. Natrajan thinks the company will be able to achieve its revenue target by end of FY16.
Mindtree stock price
On February 11, 2015, Mindtree closed at Rs 1394.30, up Rs 34.65, or 2.55 percent. The 52-week high of the share was Rs 1428.75 and the 52-week low was Rs 649.20.
The company’s trailing 12-month (TTM) EPS was at Rs 60.40 per share as per the quarter ended December 2014. The stock’s price-to-earnings (P/E) ratio was 23.08. The latest book value of the company is Rs 210.72 per share. At current value, the price-to-book value of the company is 6.62.