MIND Technology, Inc. (MIND) Stock Analysis | Price, Returns, Financials & Key Metrics

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

121.83 k

Shareholding (Apr 2025)

FII

10.81%

Held by 9 FIIs

DII

85.61%

Held by 4 DIIs

Promoter

0.00%

What does MIND Technology, Inc. do?

22-Jun-2025

MIND Technology, Inc. provides technology and solutions for exploration and defense applications in various industries, including oil and security. As of January 2025, it reported net sales of $15 million and a net profit of $2 million, with a market cap of $46.86 million.

Is MIND Technology, Inc. technically bullish or bearish?

25-Jun-2025

As of October 1, 2023, there is insufficient technical data for MIND Technology, Inc. to determine a bullish or bearish outlook.

Is MIND Technology, Inc. overvalued or undervalued?

11-Nov-2025

As of November 7, 2025, MIND Technology, Inc. is considered attractively valued with a P/E ratio of 11, significantly lower than the industry average of 23.98, indicating potential undervaluation compared to peers like Ranger Energy Services and Forum Energy Technologies.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

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Dashboard

Poor Management Efficiency with a low ROCE of 6.06%

The company has been able to generate a Return on Capital Employed (avg) of 6.06% signifying low profitability per unit of total capital (equity and debt)

The company has declared Positive results for the last 5 consecutive quarters

With ROE of 18.56%, it has a attractive valuation with a 2.03 Price to Book Value

High Institutional Holdings at 35.19%

Market Beating Performance

Mojo Parameters

Stock DNA

Industry

Oil

Market cap

USD 76 Million (Micro Cap)

P/E

11.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.32

Return on Equity

11.83%

Price to Book

2.84

Revenue and Profits:

Net Sales:

8 Million

(Quarterly Results - Apr 2025)

Net Profit:

-1 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

9.81%

6 Months

67.05%

1 Year

170.29%

2 Years

95.59%

3 Years

2115.22%

4 Years

536.88%

5 Years

315.92%

MIND Technology, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

Is MIND Technology, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for MIND Technology, Inc. has moved from very attractive to attractive. The company appears to be fairly valued based on its current metrics. The P/E ratio stands at 11, which is significantly lower than the peer average of approximately 23.98, indicating potential undervaluation. Additionally, the EV to EBITDA ratio of 6.53 and a PEG ratio of 0.07 further suggest that the company is priced attractively compared to its growth prospects. In comparison to its peers, Ranger Energy Services, Inc. has a P/E of 12.47, while Forum Energy Technologies, Inc. shows a higher P/E of 25.31, reinforcing the notion that MIND Technology, Inc. is positioned favorably within its industry. Although specific return data is unavailable, the company's recent performance can be contextualized against the S&P 500, suggesting a competitive standing in the market....

Is MIND Technology, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for MIND Technology, Inc. has moved from very attractive to attractive. The company appears to be fairly valued based on its current metrics. Key valuation ratios include a P/E ratio of 11, an EV to EBITDA of 6.53, and a PEG ratio of 0.07, indicating strong growth potential relative to its price. In comparison to peers, MIND Technology, Inc. has a P/E ratio significantly lower than Forum Energy Technologies, Inc. at 25.31 and higher than Ranger Energy Services, Inc. at 12.47, suggesting it is positioned competitively within the industry. The company's return performance is not available for comparison, but the overall valuation metrics indicate that MIND Technology is well-positioned in the market....

Is MIND Technology, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for MIND Technology, Inc. has moved from very attractive to attractive. The company appears to be undervalued based on its current metrics. Key valuation ratios include a P/E ratio of 11, an EV to EBITDA ratio of 6.53, and a PEG ratio of 0.07, indicating strong growth potential relative to its price. In comparison to peers, MIND Technology, Inc. has a lower P/E ratio than Forum Energy Technologies, Inc. at 25.31 and Ranger Energy Services, Inc. at 12.47, suggesting it may be undervalued relative to its growth prospects. The company has significantly outperformed the S&P 500, with a year-to-date return of 66.25% compared to the index's 14.40%, reinforcing the attractiveness of its valuation....

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

2.33%

EBIT Growth (5y)

20.13%

EBIT to Interest (avg)

-4.75

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

-0.32

Sales to Capital Employed (avg)

1.60

Tax Ratio

39.22%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

35.19%

ROCE (avg)

6.06%

ROE (avg)

2.37%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.03

EV to EBIT

7.44

EV to EBITDA

6.53

EV to Capital Employed

2.25

EV to Sales

1.08

PEG Ratio

0.07

Dividend Yield

ROCE (Latest)

30.20%

ROE (Latest)

18.56%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bearish

Bullish

RSI

No Signal

Bollinger Bands

Bearish

Mildly Bullish

Moving Averages

Mildly Bullish (Daily)

KST

Mildly Bearish

Dow Theory

No Trend

Mildly Bullish

OBV

No Trend

Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Apr 2025

Shareholding Compare (%holding)

Majority shareholders

Foreign Institutions

Domestic Funds

Held in 7 Schemes (3.58%)

Foreign Institutions

Held by 9 Foreign Institutions (10.81%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Apr'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Apr 2025 is -47.33% vs 23.97% in Jan 2025",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Apr 2025 is -150.00% vs 53.85% in Jan 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Apr'25",
        "Jan'25",
        "Change(%)"
      ],
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          "val2": "15.00",
          "chgp": "-47.33%",
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        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-0.40",
          "val2": "3.00",
          "chgp": "-113.33%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-1.00",
          "val2": "2.00",
          "chgp": "-150.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-83.30%",
          "val2": "184.90%",
          "chgp": "-26.82%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
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        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Jan 2025 is 563.64% vs 81.97% in Jan 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Jan'25",
        "Jan'24",
        "Change(%)"
      ],
      "body": [
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          "field": "Net Sales",
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          "val2": "36.50",
          "chgp": "28.49%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "7.80",
          "val2": "1.70",
          "chgp": "358.82%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.70",
          "chgp": "-100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "5.10",
          "val2": "-1.10",
          "chgp": "563.64%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "145.50%",
          "val2": "14.20%",
          "chgp": "13.13%",
          "chgp_class": "positive"
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Quarterly Results Snapshot (Consolidated) - Apr'25 - QoQ

Apr'25

Jan'25

Change(%)

Net Sales

7.90

15.00

-47.33%

Operating Profit (PBDIT) excl Other Income

-0.40

3.00

-113.33%

Interest

0.00

Exceptional Items

0.00

Consolidate Net Profit

-1.00

2.00

-150.00%

Operating Profit Margin (Excl OI)

-83.30%

184.90%

-26.82%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Apr 2025 is -47.33% vs 23.97% in Jan 2025

Consolidated Net Profit

QoQ Growth in quarter ended Apr 2025 is -150.00% vs 53.85% in Jan 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Jan'25

Jan'25

Jan'24

Change(%)

Net Sales

46.90

36.50

28.49%

Operating Profit (PBDIT) excl Other Income

7.80

1.70

358.82%

Interest

0.00

0.70

-100.00%

Exceptional Items

0.00

Consolidate Net Profit

5.10

-1.10

563.64%

Operating Profit Margin (Excl OI)

145.50%

14.20%

13.13%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Jan 2025 is 28.49% vs 46.00% in Jan 2024

Consolidated Net Profit

YoY Growth in year ended Jan 2025 is 563.64% vs 81.97% in Jan 2024

All Annual Results

Company CV

About MIND Technology, Inc.

MIND Technology, Inc.

Oil

Mind Technology Inc., formerly Mitcham Industries, Inc., provides technology and solutions for exploration, survey and defense applications in oceanographic, hydrographic, defense, seismic and security industries. It operates through two business segments: Marine Technology Products and Equipment Leasing. Marine Technology Products segment includes Seamap Pte Ltd, Seamap USA, LLC, Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd, collectively Seamap and Klein Marine Systems, Inc. (Klein). Seamap designs, manufactures and sells a broad range of products for the oceanographic, hydrographic and marine seismic industries. Klein primarily designs, manufactures and sells advanced side scan sonar systems and waterside security systems for the oceanographic, hydrographic, defense and maritime security industries on a world-wide basis. Equipment Leasing segment is primarily engaged in the leasing of seismic equipment to companies in the oil and gas industry throughout the world.

Company Coordinates

Company Details

2002 Timberloch Place, Suite 400 , THE WOODLANDS TX : 77380-1187

Tel: 1 281 35344751 713 5296600

Registrar Details

MIND Technology, Inc.

1Day

52 Week

CASH

FII

DII

Promoter

What does MIND Technology, Inc. do?

Watch in Real-Time

Is MIND Technology, Inc. technically bullish or bearish?

Is MIND Technology, Inc. overvalued or undervalued?

MarketsMojo — Loved in India, Now Global

Dashboard

Poor Management Efficiency with a low ROCE of 6.06%

The company has declared Positive results for the last 5 consecutive quarters

With ROE of 18.56%, it has a attractive valuation with a 2.03 Price to Book Value

High Institutional Holdings at 35.19%

Market Beating Performance

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

News

Is MIND Technology, Inc. overvalued or undervalued?

Is MIND Technology, Inc. overvalued or undervalued?

Is MIND Technology, Inc. overvalued or undervalued?

Announcements

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Apr 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Consolidated) - Apr'25 - QoQ

Annual Results Snapshot (Consolidated) - Jan'25

About MIND Technology, Inc.

Company Coordinates