Sales de-grew by 2.47%. Company witnessed revenue contraction for the first time in last 3 years. (Source: Consolidated Financials)
Tech Mahindra Share Price
Tech Mahindra Share Price
Tech Mahindra share price insights
Weekly stochastic crossover appeared on week ending Sep 13, 2024. Average price gain of 6.56% within 7 weeks of this signal in last 10 years.
Stock gave a 3 year return of 15.55% as compared to Nifty 100 which gave a return of 47.22%. (as of last trading session)
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 Ltd. share price moved up by 0.78% from its previous close of Rs 1,643.25. Tech Mahindra Ltd. stock last traded price is 1,656.05
Share Price Value Today/Current/Last 1,656.05 Previous Day 1,643.25
Key Metrics
PE Ratio (x) | 64.34 | ||||||||||
EPS - TTM (₹) | 25.74 | ||||||||||
MCap (₹ Cr.) | 1,60,690 | ||||||||||
Sectoral MCap Rank | 6 | ||||||||||
PB Ratio (x) | 5.66 | ||||||||||
Div Yield (%) | 2.42 | ||||||||||
Face Value (₹) | 5.00 | ||||||||||
Beta Beta
| 0.93 | ||||||||||
VWAP (₹) | 1,653.55 | ||||||||||
52W H/L (₹) |
Tech Mahindra Share Price Returns
1 Day | 0.78% |
1 Week | 4.87% |
1 Month | 4.46% |
3 Months | 20.75% |
1 Year | 27.38% |
3 Years | 14.34% |
5 Years | 130.18% |
Tech Mahindra News & Analysis
Tech Mahindra Share Recommendations
Recent Recos
Current
Mean Recos by 38 Analysts
SellSellHoldBuyStrong
Buy
- Target₹1340
- OrganizationPrabhudas Lilladher
- REDUCE
- Target₹1760
- OrganizationJM Financial
- BUY
Analyst Trends
Ratings | Current | 1 Week Ago | 1 Month Ago | 3 Months Ago |
---|---|---|---|---|
Strong Buy | 8 | 8 | 9 | 11 |
Buy | 9 | 9 | 10 | 7 |
Hold | 9 | 9 | 8 | 8 |
Sell | 10 | 10 | 10 | 10 |
Strong Sell | 2 | 2 | 2 | 2 |
# Analysts | 38 | 38 | 39 | 38 |
Tech Mahindra Financials
Income (P&L)
Balance Sheet
Cash Flow
Ratios
MD&A
Insights
Topline 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)
Quarterly | Annual 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
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
Insights
Increase 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 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
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 MANAGEMENT DISCUSSION AND ANALYSIS (FY 19-20)
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 Peer Comparison
Tech Mahindra Stock Performance
Ratio Performance
Insights
Stock Returns vs Nifty 100
Stock gave a 3 year return of 15.55% as compared to Nifty 100 which gave a return of 47.22%. (as of last trading session)Stock Returns vs Nifty IT
Stock generated 15.55% return as compared to Nifty IT which gave investors 22.04% return over 3 year time period. (as of last trading session)
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Stock Returns vs Nifty 100
Stock gave a 3 year return of 15.55% as compared to Nifty 100 which gave a return of 47.22%. (as of last trading session)Stock Returns vs Nifty IT
Stock generated 15.55% return as compared to Nifty IT which gave investors 22.04% return over 3 year time period. (as of last trading session)
See All Parameters
MF Ownership
Tata Digital India Direct-G
Equity: Sectoral-Technology
1,110.76
Amount Invested (in Cr.)
9.76%
% of AUM
0.00
% Change (MoM basis)
870.46
Amount Invested (in Cr.)
1.41%
% of AUM
0.00
% Change (MoM basis)
832.97
Amount Invested (in Cr.)
1.33%
% of AUM
0.00
% Change (MoM basis)
MF Ownership as on 31 July 2024
Tech Mahindra F&O Quote
Futures
Options
- Expiry
Price
1,654.4012.70 (0.77%)
Open Interest
16,800600 (3.57%)
Open High Low Prev Close Contracts Traded Turnover (₹ Lakhs) 1,647.70 1,659.00 1,637.40 1,641.70 4,229 41,876.60 Open Interest as of 05 Jul 2024
Corporate Actions
Tech Mahindra Board Meeting/AGM
Tech Mahindra Dividends
- Others
Meeting Date Announced on Purpose Details Jul 25, 2024 Jun 28, 2024 Board Meeting Quarterly Results Apr 25, 2024 Mar 28, 2024 Board Meeting Audited Results & Final Dividend Jan 24, 2024 Dec 27, 2023 Board Meeting Quarterly Results Oct 25, 2023 Oct 19, 2023 Board Meeting Quarterly Results & Interim Dividend Jul 27, 2023 Apr 27, 2023 AGM Book closure from Jul 22, 2023 to Jul 27, 2023 Type Dividend Dividend per Share Ex-Dividend Date Announced on Final 560% 28.0 Jul 19, 2024 Apr 25, 2024 Interim 240% 12.0 Nov 02, 2023 Oct 20, 2023 Final 640% 32.0 Jul 21, 2023 Apr 27, 2023 Interim 0% 0.0 Nov 09, 2022 Oct 25, 2022 Special 360% 18.0 Nov 09, 2022 Oct 25, 2022 All Types Ex-Date Record Date Announced on Details Splits Mar 19, 2015 Mar 20, 2015 Jan 30, 2015 Split: Old FV10.0| New FV:5.0 Bonus Mar 19, 2015 Mar 20, 2015 Jan 30, 2015 Bonus Ratio: 1 share(s) for every 1 shares held
About Tech Mahindra
Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 161,942.21 Crore) operating in IT Software sector. Tech Mahindra Ltd. key Products/Revenue Segments include Software Services for the year ending 31-Mar-2024. Show More
Executives
Auditors
- AG
Anand G Mahindra
ChairmanMJMohit Joshi
Managing Director & CEOABAmarjyoti Barua
Non Executive DirectorASAnish Shah
Non Executive DirectorShow More - B S R & Co. LLP
Key Indices Listed on
Nifty 50, BSE Sensex, Nifty IT, + 35 more
Address
Gateway Building,Apollo Bunder,Mumbai, Maharashtra - 400001
More Details
FAQs about Tech Mahindra share
- 1. What's the Tech Mahindra share price today?As on 13 Sep, 2024, 04:00 PM IST Tech Mahindra share price was up by 0.78% basis the previous closing price of Rs 1,643.25. Tech Mahindra share price was Rs 1,656.05. Return Performance of Tech Mahindra Shares:
- 1 Week: Tech Mahindra share price moved up by 4.87%
- 1 Month: Tech Mahindra share price moved up by 4.46%
- 3 Month: Tech Mahindra share price moved up by 20.75%
- 6 Month: Tech Mahindra share price moved up by 29.16%
- 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 4.87%
- 1 Month: Tech Mahindra share price moved up by 4.46%
- 3 Month: Tech Mahindra share price moved up by 20.75%
- 6 Month: Tech Mahindra share price moved up by 29.16%
- 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 1,665.00 while 52 week low is Rs 1,098.15
- 6. Is Tech Mahindra a good buy?As per Refinitiv (erstwhile Thomson Reuters), overall mean recommendation by 38 analysts for Tech Mahindra stock is to Hold. Recommendation breakup is as follows
- 8 analysts are recommending Strong Buy
- 9 analysts are recommending to Buy
- 9 analysts are recommending to Hold
- 10 analysts are recommending to Sell
- 2 analysts are recommending Strong Sell
- 7. What is the CAGR of Tech Mahindra?The CAGR of Tech Mahindra is 8.26.
- 8. 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)
- 9. What are the key metrics to analyse Tech Mahindra Share Price?Key Metrics for Tech Mahindra are:
- PE Ratio of Tech Mahindra is 64.34
- Price/Sales ratio of Tech Mahindra is 2.12
- Price to Book ratio of Tech Mahindra is 5.66
- 10. 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.
- 11. What is the PE & PB ratio of Tech Mahindra?The PE ratio of Tech Mahindra stands at 64.34, while the PB ratio is 5.38.
- 12. What's the market capitalization of Tech Mahindra?Market Capitalization of Tech Mahindra stock is Rs 1,60,691 Cr.
- 13. 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.
- 14. Who is the Chief Executive Officer of Tech Mahindra?Mohit Joshi is the Managing Director & CEO of Tech Mahindra
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