TECHM

Tech Mahindra Share Price

₹1,632.65 -5.75 (-0.35%)

05 Nov, 2024 19:06

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Performance

  • Low
  • ₹1,624
  • High
  • ₹1,654
  • 52 Week Low
  • ₹1,117
  • 52 Week High
  • ₹1,762
  • Open Price₹1,638
  • Previous Close₹1,638
  • Volume1,376,651

Investment Returns

  • Over 1 Month + 1%
  • Over 3 Month + 8.29%
  • Over 6 Month + 30.56%
  • Over 1 Year + 44.09%
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Tech Mahindra Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 48.8
  • PEG Ratio
  • -5.4
  • Market Cap Cr
  • 159,745
  • P/B Ratio
  • 5.3
  • Average True Range
  • 42.31
  • EPS
  • 21.8
  • Dividend Yield
  • 2.6
  • MACD Signal
  • 13.53
  • RSI
  • 45.62
  • MFI
  • 56.34

Tech Mahindra Financial

IndicatorSep 24Jun 24Mar 24Dec 23Sep 23
Net Sales/Income from operations10,938.6010,629.6010,411.0010,551.4010,439.70
Total Income From Operations10,938.6010,629.6010,411.0010,551.4010,439.70
P/L Before Interest, Excpt. Items & Tax1,705.40872.90766.50617.10644.60
P/L Before Exceptional Items & Tax1,640.30822.30707.40541.80586.90
P/L After Tax from Ordinary Activities1,293.80624.80527.40485.90555.80
Net Profit/Loss For the Period1,293.80624.80527.40485.90555.80
IndicatorMar 24Mar 23
Revenue From Operations [Gross]42,099.3042,657.30
Revenue From Operations [Net]42,099.3042,657.30
Total Operating Revenues42,099.3042,657.30
Total Revenue43,351.8043,785.60
Total Expenses40,787.1038,881.50
Profit/Loss Before Tax2,564.704,904.10
Profit/Loss For The Period2,128.603,777.50
IndicatorMar 24Mar 23
Net CashFlow - Operating Activity5,005.304,102.10
Net Cash Used In Investing Activity47.20676.80
Net Cash Used in Finance Activity-4,727.30-4,991.50
Net Inc/Dec In Cash And Equivalent321.20-155.50
Cash And Equivalent End Of Year1,415.201,094.00
IndicatorMar 24Mar 23
Total Share Capital488.40487.10
Total Non-Current Liabilities1,424.601,235.80
Total Current Liabilities8,838.209,595.50
Total Capital And Liabilities34,663.7036,035.20
Total Non-Current Assets17,882.7018,691.30
Total Current Assets16,781.0017,343.90
Total Assets34,663.7036,035.20
Indicator20242023
EBIT Margin (%)6.6711.92
Return On Capital Employed (%)10.8819.23
Return On Equity (%)9.1815.21
Long Term Debt To Equity (%)0.000.00
Book Value/Share (INR)237.19254.79
IndicatorSep 24Jun 24Mar 24Dec 23Sep 23
Net Sales/Income from operations13,313.2213,005.5012,871.3013,101.3412,863.90
Total Income From Operations13,313.2213,005.5012,871.3013,101.3412,863.90
P/L Before Interest, Excpt. Items & Tax1,801.881,247.001,011.20790.56721.30
P/L Before Exceptional Items & Tax1,712.881,175.50952.70674.06623.80
P/L After Tax from Ordinary Activities1,256.88862.20657.80518.96513.80
Net Profit/Loss For the Period1,256.88862.20657.80518.96513.80
IndicatorMar 24Mar 23
Revenue From Operations [Gross]51,995.5053,290.20
Revenue From Operations [Net]51,995.5053,290.20
Total Operating Revenues51,995.5053,290.20
Total Revenue52,912.4054,255.20
Total Expenses49,698.5047,780.70
Profit/Loss Before Tax3,213.906,474.50
Profit/Loss For The Period2,386.304,886.00
IndicatorMar 24Mar 23
Net CashFlow - Operating Activity6,376.405,572.00
Net Cash Used In Investing Activity-1,313.70-278.50
Net Cash Used in Finance Activity-4,767.20-5,078.10
Net Inc/Dec In Cash And Equivalent290.80267.40
Cash And Equivalent End Of Year4,347.104,056.30
IndicatorMar 24Mar 23
Total Share Capital441.30440.00
Total Non-Current Liabilities2,429.803,207.20
Total Current Liabilities12,616.6014,551.40
Total Capital And Liabilities43,423.6046,153.30
Total Non-Current Assets19,998.3021,720.60
Total Current Assets23,425.3024,432.70
Total Assets43,423.6046,153.30
Indicator20242023
EBIT Margin (%)6.9312.76
Return On Capital Employed (%)11.7021.51
Return On Equity (%)8.8417.30
Long Term Debt To Equity (%)0.380.46
Book Value/Share (INR)307.56322.65

Tech Mahindra Technicals

EMA & SMA

Current Price
₹1,632.65
-5.75 (-0.35%)
pointer
  • stock-down_img
  • Bullish Moving Average 6
  • stock-up_img
  • Bearish Moving Average 10
  • 20 Day
  • ₹1,660.67
  • 50 Day
  • ₹1,631.81
  • 100 Day
  • ₹1,565.70
  • 200 Day
  • ₹1,465.19

Resistance and Support

1636.82 Pivot Speed
  • R3 1,680.03
  • R2 1,667.02
  • R1 1,649.83
  • S1 1,619.63
  • S2 1,606.62
  • S3 1,589.43

Is Tech Mahindra Worth Buying?

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

Tech Mahindra Ltd. is a global IT services and consulting company, offering digital transformation, cloud, and AI solutions. It serves industries like telecommunications, healthcare, and automotive, helping businesses innovate and drive digital growth worldwide. Tech Mahindra has an operating revenue of Rs. 52,291.36 Cr. on a trailing 12-month basis. An annual revenue de-growth of -2% needs improvement, Pre-tax margin of 6% is okay, ROE of 8% is fair but needs improvement. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading below to its 50DMA and around 13% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 73 which is a FAIR score but needs to improve its earnings, a RS Rating of 66 which is FAIR indicating the recent price performance, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 72 indicates it belongs to a poor industry group of Computer-Tech Services and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock definitely has some strength, you may want to examine it in more detail. Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation. (+)

Tech Mahindra Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-10-19 Quarterly Results & Interim Dividend
2024-07-25 Quarterly Results
2024-04-25 Audited Results & Final Dividend
2024-01-24 Quarterly Results
2023-10-25 Quarterly Results & Interim Dividend
Date Purpose Remarks
2024-11-01 INTERIM Rs.15.00 per share(300%)Interim Dividend
2023-11-02 INTERIM Rs.12.00 per share(240%)Interim Dividend
2022-11-10 SPECIAL Rs.18.00 per share (360%) Special Interim Dividend
2021-11-05 SPECIAL Rs.15.00 per share(300%)Special Dividend

Tech Mahindra F&O

Tech Mahindra Shareholding Pattern

35.03%
15.81%
13.76%
23.67%
0%
8.29%
3.44%

About Tech Mahindra

Tech Mahindra is a leading global information technology services and consulting company that prides itself on offering innovative and customer-centric digital experiences. With a focus on enabling enterprises, associates, and society to rise for a more equal world, future readiness, and value creation, the company has garnered a reputation for excellence in the IT industry which has boosted Tech Mahindra share price. 

The Mahindra Group holds leadership positions in various industries, including farm equipment, utility vehicles, information technology, and financial services in India, and it is recognized as the world's largest tractor company by volume. The Group's diverse portfolio also includes interests in renewable energy, agriculture, logistics, hospitality, and real estate. 

The company's dedication to leveraging next-generation technologies is evident in its focus on 5G, Blockchain, Metaverse, Quantum Computing, Artificial Intelligence, Cybersecurity, and more. By integrating these cutting-edge technologies, Tech Mahindra aims to facilitate end-to-end digital transformation for its global customers, helping them stay ahead in the fast-paced digital landscape.

Tech Mahindra's commitment to sustainability and environmental stewardship has earned it a significant accolade – the HRH The Prince of Wales' Terra Carta Seal. Being the only Indian company to receive this prestigious recognition demonstrates the company's dedication to creating a sustainable future for the planet.

In terms of brand recognition and strength, Tech Mahindra stands out as the fastest-growing brand globally in the 'brand value rank' and is among the top 7 IT brands globally, boasting an impressive AA+ rating for brand strength. This recognition underscores the company's reputation and credibility in the IT industry.

With its NXT.NOW™ framework, Tech Mahindra aims to enhance the 'Human Centric Experience' for its ecosystem, fostering collaborative disruption through synergies arising from its robust portfolio of companies. The company firmly believes in delivering tomorrow's experiences today, firmly asserting that the 'Future is Now.'

Tech Mahindra's ultimate goal is not only to remain at the forefront of digital transformation but also to be an agent of positive change in the lives of communities and stakeholders. By focusing on leading Environmental, Social, and Governance (ESG) practices globally, enabling rural prosperity, and enhancing urban living, Tech Mahindra aligns its efforts with the broader vision of the Mahindra Group to empower people to Rise and drive a better, sustainable future for all.
 

The History of Tech Mahindra

Tech Mahindra's history can be traced back to its inception as a joint venture between Mahindra & Mahindra (M&M) and British Telecommunications plc (BT) in 1986. Here's a detailed overview of its history:

Formation of the Joint Venture (1986)
Tech Mahindra was initially established as a joint venture called "Mahindra British Telecom" (MBT) on October 24, 1986. Mahindra & Mahindra, a leading Indian multinational conglomerate with diverse business interests, joined hands with British Telecommunications (BT), a prominent telecommunications company in the United Kingdom, to form the venture. The main objective was to provide software and IT services to BT and other international clients.

Early Growth and Focus on Telecom (1986-2002)
In its early years, Tech Mahindra primarily focused on offering IT and telecom solutions, leveraging its expertise in telecommunications technology. The company steadily expanded its client base, providing services to major telecom operators globally.

BT's Stake Sale and Name Change (2006)
In 2006, British Telecommunications decided to divest its majority stake in Tech Mahindra to concentrate on its core operations. As a result, BT sold a part of its shareholding to Mahindra & Mahindra, and the company underwent a name change, rebranding itself as "Tech Mahindra" to emphasize its growing emphasis on broader technology services beyond telecommunications.

Acquisition of Satyam Computer Services (2009)
One of the pivotal moments in Tech Mahindra's history came in 2009 when it acquired a controlling stake in Satyam Computer Services, an Indian IT services company that was embroiled in a major corporate scandal. Tech Mahindra's successful takeover and integration of Satyam, which was renamed Mahindra Satyam, significantly expanded its service offerings and client base.

Steady Expansion and Diversification (2010s)
Throughout the 2010s, Tech Mahindra continued to expand its operations and diversify its services. The company made several strategic acquisitions to strengthen its capabilities in areas like digital transformation, cloud computing, data analytics, cybersecurity, and more. It also established global delivery centers to cater to the needs of its clients in different regions.

Emergence as a Global IT Services Provider
Over the years, Tech Mahindra transformed from a telecom-focused company into a well-rounded global IT services provider. The company served clients across various industries, including banking, financial services, insurance, healthcare, manufacturing, retail, and more.
Today, Tech Mahindra stands as one of India's leading IT services companies and has a strong global presence. With a commitment to digital transformation and customer-centricity, it continues to play a significant role in shaping the technology landscape and delivering innovative solutions to its clients worldwide.
 

Tech Mahindra - Some Important Facts

Headquarterd in Pune, Tech Mahindra is a prominent player in the global IT services industry and has achieved significant growth and recognition over the years. Here are some important facts about the company, including its revenue, number of employees, and other key details:

Revenue

As of the fiscal year 2022-2023, Tech Mahindra reported a total revenue of ₹ 53,255.2 Crores, which is equivalent to approximately US $6.7 billion. 

Number of Employees

As of March 2023, Tech Mahindra employed a workforce of approximately 152,400 professionals worldwide. 

Global Presence

Tech Mahindra has a strong global presence with operations in multiple countries across the Americas, Europe, Asia-Pacific, and the Middle East. Its extensive network of delivery centers allows it to provide IT services and support to clients on a global scale.

Tech Mahindra - Awards Received 

Tech Mahindra have received several awards and recognitions for its excellence in the IT services industry and its contributions to various social and environmental initiatives. Here are some of the notable awards with their respective years:

● Forbes Asia's "Fab 50 Companies" 
● NASSCOM Corporate Award
● Golden Peacock Award for Corporate Social Responsibility 
● CII Industrial Innovation Award
● Asia Responsible Entrepreneurship Award
● Economic Times Best Corporate Brands 
● Ethisphere Institute's World's Most Ethical Companies

(+)
  • NSE Symbol
  • TECHM
  • BSE Symbol
  • 532755
  • Managing Director & CEO
  • Mr. Mohit Joshi
  • ISIN
  • INE669C01036

Tech Mahindra FAQs

Tech Mahindra share price is ₹1,632 As on 05 November, 2024 | 18:52

The Market Cap of Tech Mahindra is ₹159744.7 Cr As on 05 November, 2024 | 18:52

The P/E ratio of Tech Mahindra is 48.8 As on 05 November, 2024 | 18:52

The PB ratio of Tech Mahindra is 5.3 As on 05 November, 2024 | 18:52

Anand Mahindra is the founder of Tech Mahindra.

Tech Mahindra Limited is a top provider of business reengineering and digital transformation consulting services and solutions.

On a trailing 12-month basis, Tech Mahindra has an operating revenue of INR 40,455.90 Cr. Annual revenue growth of 2% is not impressive, but the pre-tax margin of 16% is impressive, and the ROE of 17% is exceptional. The company has a reasonable debt to equity ratio of 1%, indicating a healthy balance sheet.

Mohit Joshi is the Managing Director and Chief Executive Officer of Tech Mahindra as on June 2024.

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