Revival in IT spends
FY20 began with the digital transformation trend gaining further momentum, leading to substantial growth in our portfolio. Across the dynamic global business landscape, disruptive emerging technologies continued to drive IT spends. The year saw the revival of IT-modernisation spends in the market, subdued in the past few years. We saw resurgence of multi-year large outsourcing contracts as clients crystalized their transformation roadmaps.
Some sector may witness slow down
Airlines, Transportation, Tourism, Hospitality sectors, followed by Retail may hold their IT projects but can expect an aggressive push for cost reduction from vendors, but increased demand for cyber security and contact centres in the near term
Merger and acquisition risks
The Company acquired multiple companies in the past years. M&As and its integrations, by nature, involve risks like failure to achieve strategic objectives, offset financial loss, cultural and financial integration etc.
Tech Mahindra Share Price
- Open1,554.40
- High1,569.00
- Low1,541.65
- Prev Close1,554.40
- Volume7,58,712
- VWAP(₹)1,555.41
Tech Mahindra share price insights
Intraday fact check
In the last 18 years, only 2.1 % trading sessions saw intraday gains higher than 5 % .Topline Contraction
Sales de-grew by 2.47%. Company witnessed revenue contraction for the first time in last 3 years. (Source: Consolidated Financials)Stock Returns vs Nifty 100
Stock gave a 3 year return of 28.51% as compared to Nifty 100 which gave a return of 61.48%. (as of last trading session)Employee & Interest Expense
Company has spent less than 1% of its operating revenues towards interest expenses and 56.02% towards employee cost in the year ending Mar 31, 2024. (Source: Consolidated Financials)Tech Mahindra Share Price Update
Tech Mahindra Ltd. share price moved down by -0.39% from its previous close of Rs 1,554.40. Tech Mahindra Ltd. stock last traded price is 1,548.35
Share Price Value Today/Current/Last 1,548.35 Previous Day 1,554.40
Tech Mahindra Share Price Returns
1 Day | -0.39% |
1 Month | 5.18% |
3 Months | 22.54% |
1 Year | 35.4% |
3 Years | 28.01% |
5 Years | 147.48% |
Key Metrics
PE Ratio(x) | 60.19 |
EPS - TTM(₹) | 25.74 |
MCap(₹ Cr.) | 1,51,894 |
MCap Rank | 6 |
PB Ratio(x) | 5.37 |
Div Yield(%) | 2.58 |
Face Value(₹) | 5.00 |
52W High(₹) | 1,569.00 |
52W Low(₹) | 1,087.15 |
MCap/Sales | 2.12 |
Beta(1 Month) | 0.93 |
BV/Share(₹) | 290.19 |
Tech Mahindra Share Recommendations
39 Analysts
SellSellHoldBuyStrong
Buy
Ratings | Current | 1W Ago | 1M Ago | 3M Ago |
---|---|---|---|---|
Strong Buy | 9 | 10 | 10 | 11 |
Buy | 10 | 9 | 9 | 7 |
Hold | 8 | 7 | 8 | 8 |
Sell | 10 | 11 | 10 | 10 |
Strong Sell | 2 | 2 | 2 | 2 |
# Analysts | 39 | 39 | 39 | 38 |
- Target₹1760
- OrganizationJM Financial
- BUY
Tech Mahindra News & Analysis
Tech Mahindra Financials
Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023 Total Income 13,150.20 13,244.80 13,188.84 13,128.10 13,350.70 Total Income Growth (%) -0.71 0.42 0.46 -1.67 -4.80 Total Expenses 11,903.20 12,233.60 12,398.27 12,406.80 12,267.60 Total Expenses Growth (%) -2.70 -1.33 -0.07 1.13 -1.07 EBIT 1,247.00 1,011.20 790.56 721.30 1,083.10 EBIT Growth (%) 23.32 27.91 9.60 -33.40 -33.28 Profit after Tax (PAT) 851.50 661.00 510.46 493.90 692.50 PAT Growth (%) 28.82 29.49 3.35 -28.68 -38.04 EBIT Margin (%) 9.48 7.63 5.99 5.49 8.11 Net Profit Margin (%) 6.48 4.99 3.87 3.76 5.19 Basic EPS (₹) 9.62 7.48 5.77 5.59 7.84 All figures in Rs Cr, unless mentioned otherwise
InsightsTopline Contraction
Sales de-grew by 2.47%. Company witnessed revenue contraction for the first time in last 3 years. (Source: Consolidated Financials)Employee & Interest Expense
Company has spent less than 1% of its operating revenues towards interest expenses and 56.02% towards employee cost in the year ending Mar 31, 2024. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Total Assets 43,423.60 46,153.30 44,870.70 39,678.00 37,353.50 Total Assets Growth (%) -5.91 2.86 13.09 6.22 11.68 Total Liabilities 15,046.40 17,758.60 16,259.20 13,203.10 13,916.80 Total Liabilities Growth (%) -15.27 9.22 23.15 -5.13 21.50 Total Equity 28,377.20 28,394.70 28,611.50 26,474.90 23,436.70 Total Equity Growth (%) -0.06 -0.76 8.07 12.96 6.57 Current Ratio (x) 1.86 1.68 1.96 2.46 2.12 Total Debt to Equity (x) 0.06 0.06 0.06 0.07 0.11 Contingent Liabilities 6,391.90 9,925.80 10,942.60 7,013.00 6,867.90 All figures in Rs Cr, unless mentioned otherwise
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Net Cash flow from Operating Activities 6,376.40 5,572.00 5,285.30 8,093.80 4,358.10 Net Cash used in Investing Activities -1,313.70 -278.50 481.50 -5,450.10 1,028.60 Net Cash flow from Financing Activities -4,767.20 -5,078.10 -4,666.60 -2,986.90 -4,465.50 Net Cash Flow 290.80 267.40 1,098.50 -326.30 974.00 Closing Cash & Cash Equivalent 4,347.10 4,056.30 3,788.90 2,690.40 3,016.70 Closing Cash & Cash Equivalent Growth (%) 7.17 7.06 40.83 -10.82 47.68 Total Debt/ CFO (x) 0.24 0.28 0.30 0.21 0.56 All figures in Rs Cr, unless mentioned otherwise
InsightsIncrease in Cash from Investing
Company has used Rs 1313.7 cr for investing activities which is an YoY increase of 371.71%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Return on Equity (%) 8.84 17.30 20.70 17.81 18.48 Return on Capital Employed (%) 11.70 21.51 23.51 20.83 19.88 Return on Assets (%) 5.42 10.46 12.40 11.15 10.79 Interest Coverage Ratio (x) 13.83 27.62 56.16 43.58 27.39 Asset Turnover Ratio (x) 1.16 1.17 0.93 0.84 98.69 Price to Earnings (x) 46.95 20.08 23.64 19.57 12.21 Price to Book (x) 4.14 3.47 4.89 3.48 2.26 EV/EBITDA (x) 19.85 10.54 14.20 11.32 7.30 EBITDA Margin (%) 10.43 16.87 20.45 20.03 18.17
Peer Comparison
NAME 1D 1W 1M 3M 1Y 3Y 5Y Tech Mahindra Stock Performance -0.42 3.66 8.23 22.52 41.88 27.98 141.78 TCS Stock Performance 0.61 2.55 13.00 15.47 31.49 39.29 102.46 Infosys Stock Performance -0.86 0.84 18.23 30.40 38.18 15.02 133.68 HCL Tech Stock Performance 0.01 2.78 12.55 20.21 48.86 60.28 220.97 Wipro Stock Performance -0.25 4.03 1.14 12.61 30.58 -11.32 98.51 All values in %
Stock Returns vs Nifty 100
Stock gave a 3 year return of 28.51% as compared to Nifty 100 which gave a return of 61.48%. (as of last trading session)Stock Returns vs Nifty IT
Stock generated 28.51% return as compared to Nifty IT which gave investors 33.92% return over 3 year time period. (as of last trading session)
Mutual Funds Ownership
No Data Available
Tech Mahindra Futures & Options
Date Price Open Interest 29-08-2024Current
36.60-3.75 (-9.29%)
00 (0.00%)
41.05Open48.75High34.70Low40.35Close1,579Contracts Traded30,369.66Turnover (₹ Lakhs)Open Interest as of 05 Jul 2024
Date Price Open Interest 29-08-2024Current
1,555.20-5.30 (-0.34%)
6,83,40021,600 (3.16%)
1,559.55Open1,576.40High1,554.60Low1,560.50Prev Close2,104Contracts Traded39,522.26Turnover (₹ Lakhs)Open Interest as of 05 Jul 2024
Corporate Actions
Board Meeting
Quarterly Results
Jun 28, 2024
Final
560%
Apr 25, 2024
Board Meeting
Audited Results & Final Dividend
Mar 28, 2024
Announced on Meeting on Jun 28, 2024 Jul 25, 2024 Quarterly Results Mar 28, 2024 Apr 25, 2024 Audited Results & Final Dividend Dec 27, 2023 Jan 24, 2024 Quarterly Results Oct 19, 2023 Oct 25, 2023 Quarterly Results & Interim Dividend Jun 30, 2023 Jul 26, 2023 Audited Results Announced on Ex-Date Dividend% Apr 25, 2024 Jul 19, 2024 560% Oct 20, 2023 Nov 02, 2023 240% Apr 27, 2023 Jul 21, 2023 640% Oct 25, 2022 Nov 09, 2022 0% Oct 25, 2022 Nov 09, 2022 360% Announced on Ex-Date Jan 30, 2015 Mar 19, 2015 Bonus Ratio: 1 share(s) for every 1 shares held Announced on Ex-Date Jan 30, 2015 Mar 19, 2015 Split: Old FV10.0| New FV:5.0 No Data Available
Announced on Meeting on Apr 27, 2023 Jul 27, 2023 Book closure from 22 Jul, 2023 to 27 Jul, 2023 May 13, 2022 Jul 26, 2022 Book closure from 23 Jul, 2022 to 26 Jul, 2022 Apr 26, 2021 Jul 30, 2021 Book closure from 27 Jul, 2021 to 30 Jul, 2021 Apr 30, 2020 Jul 28, 2020 Book closure from 25 Jul, 2020 to 28 Jul, 2020 Apr 26, 2021 - Book closure from 27 Jul, 2021 to 30 Jul, 2021
About
Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 152,002.03 Crore) operating in IT Software sector.
Tech Mahindra Ltd. key Products/Revenue Segments include Software Services for the year ending 31-Mar-2024.
For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 13,150.20 Crore, down .71 % from last quarter Total Income of Rs 13,244.80 Crore and down 1.50 % from last year same quarter Total Income of Rs 13,350.70 Crore. Company has reported net profit after tax of Rs 862.20 Crore in latest quarter.
The company’s top management includes Mr.Anand G Mahindra, Mr.Mohit Joshi, Mr.Amarjyoti Barua, Dr.Anish Shah, Mr.Haigreve Khaitan, Mrs.M Rajyalakshmi Rao, Dr.Mukti Khaire, Mr.Neelam Dhawan, Ms.Penelope Fowler, Ms.Shikha Sharma, Mr.T N Manoharan, Mr.Tarun Bajaj, Mr.Rohit Anand, Mr.Anil Khatri. Company has B S R & Co. LLP as its auditors. As on 30-06-2024, the company has a total of 97.79 Crore shares outstanding.
About Tech Mahindra
Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 152,002.03 Crore) operating in IT Software sector. Tech Mahindra Ltd. key Products/Revenue Segments include Software Services for the year ending 31-Mar-2024.For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 13,150.20 Crore, down .71 % from last quarter Total Income of Rs 13,244.80 Crore and down 1.50 % from last year same quarter Total Income of Rs 13,350.70 Crore. Company has reported net profit after tax of Rs 862.20 Crore in latest quarter.The company’s top management includes Mr.Anand G Mahindra, Mr.Mohit Joshi, Mr.Amarjyoti Barua, Dr.Anish Shah, Mr.Haigreve Khaitan, Mrs.M Rajyalakshmi Rao, Dr.Mukti Khaire, Mr.Neelam Dhawan, Ms.Penelope Fowler, Ms.Shikha Sharma, Mr.T N Manoharan, Mr.Tarun Bajaj, Mr.Rohit Anand, Mr.Anil Khatri. Company has B S R & Co. LLP as its auditors. As on 30-06-2024, the company has a total of 97.79 Crore shares outstanding.
Key Indices Listed On
Nifty 50, BSE Sensex, Nifty IT, Nifty 100, Nifty 200
Address
Gateway Building,Apollo Bunder,Mumbai, Maharashtra - 400001
Executive Leadership
Anand G Mahindra
ChairmanMohit Joshi
Managing Director & CEOAmarjyoti Barua
Non Executive DirectorAnish Shah
Non Executive DirectorAuditors
Brands
FAQs about Tech Mahindra share
- 1. What's the Tech Mahindra share price today?As on 01 Aug, 2024, 02:40 PM IST Tech Mahindra share price was down by 0.55% basis the previous closing price of Rs 1,538.05. Tech Mahindra share price was Rs 1,546.00. Return Performance of Tech Mahindra Shares:
- 1 Week: Tech Mahindra share price moved up by 1.05%
- 1 Month: Tech Mahindra share price moved up by 5.02%
- 3 Month: Tech Mahindra share price moved up by 22.36%
- 6 Month: Tech Mahindra share price moved up by 17.79%
- 2. Is Tech Mahindra giving dividend?Tech Mahindra Ltd. announced an equity dividend of 560% on a face value of 5.0 amounting to Rs 28 per share on 25 Apr 2024. The ex dividend date was 19 Jul 2024.
- 3. What are the returns for Tech Mahindra share?Return Performance of Tech Mahindra Shares:
- 1 Week: Tech Mahindra share price moved up by 1.05%
- 1 Month: Tech Mahindra share price moved up by 5.02%
- 3 Month: Tech Mahindra share price moved up by 22.36%
- 6 Month: Tech Mahindra share price moved up by 17.79%
- 4. Who's the chairman of Tech Mahindra?Anand G Mahindra is the Chairman of Tech Mahindra
- 5. What is Tech Mahindra's 52 week high / low?52 Week high of Tech Mahindra share is Rs 1,569.00 while 52 week low is Rs 1,087.15
- 6. Is Tech Mahindra a good buy?As per Refinitiv (erstwhile Thomson Reuters), overall mean recommendation by 39 analysts for Tech Mahindra stock is to Hold. Recommendation breakup is as follows
- 9 analysts are recommending Strong Buy
- 10 analysts are recommending to Buy
- 8 analysts are recommending to Hold
- 10 analysts are recommending to Sell
- 2 analysts are recommending Strong Sell
- 7. Who owns Tech Mahindra?
- Promoter holding have gone down from 35.13 (30 Sep 2023) to 35.05 (30 Jun 2024)
- Domestic Institutional Investors holding has gone up from 26.88 (30 Sep 2023) to 30.64 (30 Jun 2024)
- Foreign Institutional Investors holding have gone down from 26.22 (30 Sep 2023) to 23.27 (30 Jun 2024)
- Other investor holding have gone down from 11.76 (30 Sep 2023) to 11.04 (30 Jun 2024)
- 8. What are the key metrics to analyse Tech Mahindra Share Price?Key Metrics for Tech Mahindra are:
- PE Ratio of Tech Mahindra is 60.19
- Price/Sales ratio of Tech Mahindra is 2.12
- Price to Book ratio of Tech Mahindra is 5.37
- 9. What are the Tech Mahindra quarterly results?Total Revenue and Earning for Tech Mahindra for the year ending 2024-03-31 was Rs 52912.40 Cr and Rs 2357.80 Cr on Consolidated basis. Last Quarter 2024-06-30, Tech Mahindra reported an income of Rs 13150.20 Cr and profit of Rs 851.50 Cr.
- 10. What is the PE & PB ratio of Tech Mahindra?The PE ratio of Tech Mahindra stands at 60.39, while the PB ratio is 5.05.
- 11. What's the market capitalization of Tech Mahindra?Market Capitalization of Tech Mahindra stock is Rs 1,51,894 Cr.
- 12. Who are the peers for Tech Mahindra in IT Software sector?Within IT Software sector Tech Mahindra, Wipro Ltd., HCL Technologies Ltd., Infosys Ltd. and Tata Consultancy Services Ltd. are usually compared together by investors for analysis.
- 13. Who is the Chief Executive Officer of Tech Mahindra?Mohit Joshi is the Managing Director & CEO of Tech Mahindra
Trending in Markets
DATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. (for corporate data, historical price & volume, F&O data). Sensex & BSE Quotes and Nifty & NSE Quotes are real-time and licensed from BSE and NSE respectively. All timestamps are reflected in IST (Indian Standard Time).
DISCLAIMER: Any and all content on this website including tools/analysis is provided to you only for convenience and on an “as-is, as- available” basis without representation and warranties of any kind. The content and any output of such tools/analysis is for informational purposes only and should not be relied upon or construed as an investment advice or guarantee for any specific performance/returns advice or considered as recommendation for the purchase or sale of any security or investment. You are advised to exercise caution, discretion and independent judgment with regards to the same and seek advice from professionals and certified experts before taking any decisions.
By using this site, you agree to the Terms of Service and Privacy Policy.