Tech Mahindra Ltd
TECHMTech Mahindra Ltd
TECHMPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
52.62 | 6.34 | 2.05% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
36.59 | 9.65 | 1.60% |
Forecast & Ratings
Detailed Forecast from 37 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Tech Mahindra Limited is engaged in the business of computer programming, consultancy and related services. It's segments include Information Technology (IT) Services and Business Processing Outsourcing (BPO).
Investor Presentation
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Compare with peersÂTata Consultancy Services Ltd
Infosys Ltd
HCL Technologies Ltd
Wipro Ltd
LTIMindtree Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 26,936.20 | 29,916.10 | 32,189.50 | 35,276.30 | 38,060.10 | 38,643.40 | 45,761.10 | 54,255.20 | 52,922.90 | 53,432.90 | ||||||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 46,731.10 | ||||||||||
Power & Fuel Cost | 168.80 | 187.90 | 194.70 | 199.20 | 205.30 | 140.40 | 139.90 | 175.30 | 194.70 | |||||||||||
Employee Cost | 13,947.50 | 15,453.90 | 16,624.00 | 17,507.90 | 18,810.00 | 19,297.30 | 22,285.90 | 27,691.80 | 29,128.30 | |||||||||||
Selling & Administrative Expenses | 2,795.50 | 3,053.20 | 3,008.10 | 3,422.10 | 3,400.10 | 2,152.10 | 2,592.20 | 3,011.10 | 3,284.10 | |||||||||||
Operating & Other expenses | 5,311.80 | 6,261.40 | 6,236.50 | 7,341.50 | 8,949.20 | 9,469.00 | 11,608.00 | 14,649.20 | 14,882.10 | |||||||||||
EBITDA | 4,712.60 | 4,959.70 | 6,126.20 | 6,805.60 | 6,695.50 | 7,584.60 | 9,135.10 | 8,727.80 | 5,433.70 | 6,701.80 | ||||||||||
Depreciation/Amortization | 758.90 | 978.10 | 1,085.00 | 1,129.20 | 1,445.80 | 1,457.70 | 1,520.40 | 1,956.70 | 1,817.10 | 1,836.80 | ||||||||||
PBIT | 3,953.70 | 3,981.60 | 5,041.20 | 5,676.40 | 5,249.70 | 6,126.90 | 7,614.70 | 6,771.10 | 3,616.60 | 4,865.00 | ||||||||||
Interest & Other Items | 97.00 | 128.60 | 162.40 | 133.20 | 191.90 | 174.00 | 162.60 | 325.60 | 392.20 | 335.50 | ||||||||||
PBT | 3,856.70 | 3,853.00 | 4,878.80 | 5,543.20 | 5,057.80 | 5,952.90 | 7,452.10 | 6,445.50 | 3,224.40 | 4,529.50 | ||||||||||
Taxes & Other Items | 863.80 | 1,040.10 | 1,079.00 | 1,245.60 | 1,024.80 | 1,524.90 | 1,886.00 | 1,614.20 | 866.60 | 1,256.50 | ||||||||||
Net Income | 2,992.90 | 2,812.90 | 3,799.80 | 4,297.60 | 4,033.00 | 4,428.00 | 5,566.10 | 4,831.30 | 2,357.80 | 3,273.00 | ||||||||||
EPS | 31.04 | 30.49 | 43.16 | 48.54 | 45.86 | 50.74 | 63.56 | 54.98 | 26.76 | 37.09 | ||||||||||
DPS | 12.00 | 9.00 | 14.00 | 14.00 | 15.00 | 45.00 | 30.00 | 50.00 | 40.00 | 40.00 | ||||||||||
Payout ratio | 0.39 | 0.30 | 0.32 | 0.29 | 0.33 | 0.89 | 0.47 | 0.91 | 1.49 | 1.08 |
Company Updates
Annual report
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PDFInvestor Presentation
Peers & Comparison
Information TechnologyIT Services & Consulting
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Tech Mahindra Ltd | 73.04 | 6.34 | 2.05% |
Tata Consultancy Services Ltd | 34.32 | 17.25 | 1.68% |
Infosys Ltd | 29.83 | 8.85 | 2.43% |
HCL Technologies Ltd | 32.70 | 7.52 | 2.75% |
Price Comparison
Compare TECHM with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Tech Mahindra Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Tata Digital India Fund Direct Plan Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6675% | Percentage of the fund’s portfolio invested in the stock 9.71% | Change in the portfolio weight of the stock over the last 3 months -0.05% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 3/38 (0) |
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI CONTRA FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5753% | Percentage of the fund’s portfolio invested in the stock 2.36% | Change in the portfolio weight of the stock over the last 3 months -0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 5/111 (-1) |
HDFC Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5231% | Percentage of the fund’s portfolio invested in the stock 1.39% | Change in the portfolio weight of the stock over the last 3 months -0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 19/60 (+3) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No Trend In Dividends
TECHM has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 2.05%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹20.50 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateOct 31, 2024
Dividend/Share
₹15.00
Ex DateEx Date
Oct 31, 2024
Cash Dividend
Ex DateEx DateJul 19, 2024
Dividend/Share
₹28.00
Ex DateEx Date
Jul 19, 2024
Cash Dividend
Ex DateEx DateNov 2, 2023
Dividend/Share
₹12.00
Ex DateEx Date
Nov 2, 2023
Cash Dividend
Ex DateEx DateJul 21, 2023
Dividend/Share
₹32.00
Ex DateEx Date
Jul 21, 2023
Cash Dividend
Ex DateEx DateNov 9, 2022
Dividend/Share
₹18.00
Ex DateEx Date
Nov 9, 2022
Tech Mahindra has allotted 76,650 equity shares under ESOP on 02 December 2024. With this allotment, the paid up equity share capital has increased to 978,697,904 equity shares of Rs 5 each. Powered by Capital Market - Live
Tech Mahindra Ltd is up for a third straight session in a row. The stock is quoting at Rs 1725.35, up 1.36% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 23682.8. The Sensex is at 78137.76, up 1.27%. Tech Mahindra Ltd has dropped around 0.61% in last one month. Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has dropped around 0.99% in last one month and is currently quoting at 41952.8, up 1.64% on the day. The volume in the stock stood at 8.35 lakh shares today, compared to the daily average of 18.86 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 1728.45, up 1.7% on the day. Tech Mahindra Ltd is up 42.48% in last one year as compared to a 19.6% spurt in NIFTY and a 31.72% spurt in the Nifty IT index.The PE of the stock is 56.79 based on TTM earnings ending September 24.Powered by Capital Market - Live
On a year on year (YoY) basis, Tech Mahindra's net profit soared 153.10% while revenue grew 3.49% in Q2 FY25. EBITDA stood at Rs 1,750 crore in the quarter ended 30 September 2024, up 11.9% QoQ and up 63.2% YoY. In terms of dollars terms, revenue stood at $1,589 million in Q2 FY25, registering a growth of 1.9% QoQ and 2.2% YoY. In constant currency terms, revenue grew by 0.7% QoQ and up by 1.2% YoY. Profit after tax was at $149 million, up 46.1% QoQ and up 150.7% YoY. Free cash flow was at $157 million in the September quarter. During the quarter, EBITDA was at $209 million, up 11.3% QoQ and up 61.4% YoY. EBITDA margin came in at 13.1% in Q2 FY25, up 110 bps QoQ and 480 bps YoY. The IT firm secured net new deals worth $603 million in Q2 FY25 as against $534 million in Q1 FY25 and $640 million reported in Q2 FY24. Total headcount was at 1,54,273, registering a increased of 4.50% QoQ and 2.43% YoY. The last twelve months (LTM) IT attrition rate for Q2 FY25 was 10.6%, an increase from 10.1% in Q1 FY25 and a decrease from 11.4% in Q2 FY24. Cash and cash equivalent was at Rs 6,566 crore as of 30 September 2024, compared with Rs 8,055.2 crore as of 30 June 2024 and Rs 6,514.8 crore as of 30 September 2023. On half year basis, the company's consolidated net profit surged 77.14% to Rs 2,101.6 crore in H1 FY25 on 1.13% increased in revenue to Rs 26,318.7 crore in H1 FY25 over H1 FY24. Mohit Joshi, chief executive officer and managing director, Tech Mahindra, said, 'We continue to progress on our strategic improvement efforts even as the overall IT services industry has remained soft. We have focused on strengthening client relationships and expanding the partner ecosystem while maintaining a sharp focus on operational excellence through project Fortius, which has resulted in an expansion of margins for the third sequential quarter.' Rohit Anand, CFO of Tech Mahindra, said, 'This quarter we see consistent performance around increasing deal wins, revenue growth, cost optimization and steady free cashflow generation as we continue our journey towards FY27 stated targets. In line with our capital allocation policy the board has declared an interim dividend of Rs. 15 per share.' Meanwhile, the company's board has declared an interim dividend of Rs 15 per equity share for FY25. The record for the dividend is fixed as Friday, 1st November, 2024. The dividend shall be paid on or before 17th November 2024. Tech Mahindra is focused on leveraging next-generation technologies including 5G, blockchain, cybersecurity, artificial intelligence, and more, to enable end-to-end digital transformation for global customers. The counter hit 52-week high at Rs 1,761.30 intraday today.Powered by Capital Market - Live
On a year on year (YoY) basis, Tech Mahindra's net profit soared 153.10% while revenue grew 3.49% in Q2 FY25. EBITDA stood at Rs 1,750 crore in the quarter ended 30 September 2024, up 11.9% QoQ and up 63.2% YoY. In terms of dollars terms, revenue stood at $1,589 million in Q2 FY25, registering a growth of 1.9% QoQ and 2.2% YoY. In constant currency terms, revenue grew by 0.7% QoQ and up by 1.2% YoY. Profit after tax was at $149 million, up 46.1% QoQ and up 150.7% YoY. Free cash flow was at $157 million in the September quarter. During the quarter, EBITDA was at $209 million, up 11.3% QoQ and up 61.4% YoY. EBITDA margin came in at 13.1% in Q2 FY25, up 110 bps QoQ and 480 bps YoY. The IT firm secured net new deals worth $603 million in Q2 FY25 as against $534 million in Q1 FY25 and $640 million reported in Q2 FY24. Total headcount was at 1,54,273, registering a increased of 4.50% QoQ and 2.43% YoY. The last twelve months (LTM) IT attrition rate for Q2 FY25 was 10.6%, an increase from 10.1% in Q1 FY25 and a decrease from 11.4% in Q2 FY24. Cash and cash equivalent was at Rs 6,566 crore as of 30 September 2024, compared with Rs 8,055.2 crore as of 30 June 2024 and Rs 6,514.8 crore as of 30 September 2023. On half year basis, the company's consolidated net profit surged 77.14% to Rs 2,101.6 crore in H1 FY25 on 1.13% increased in revenue to Rs 26,318.7 crore in H1 FY25 over H1 FY24. Mohit Joshi, chief executive officer and managing director, Tech Mahindra, said, 'We continue to progress on our strategic improvement efforts even as the overall IT services industry has remained soft. We have focused on strengthening client relationships and expanding the partner ecosystem while maintaining a sharp focus on operational excellence through project Fortius, which has resulted in an expansion of margins for the third sequential quarter.' Rohit Anand, CFO of Tech Mahindra, said, 'This quarter we see consistent performance around increasing deal wins, revenue growth, cost optimization and steady free cashflow generation as we continue our journey towards FY27 stated targets. In line with our capital allocation policy the board has declared an interim dividend of Rs. 15 per share.' Meanwhile, the company's board has declared an interim dividend of Rs 15 per equity share for FY25. The record for the dividend is fixed as Friday, 1st November, 2024. The dividend shall be paid on or before 17th November 2024. Tech Mahindra is focused on leveraging next-generation technologies including 5G, blockchain, cybersecurity, artificial intelligence, and more, to enable end-to-end digital transformation for global customers. The counter shed 0.68% to end at Rs 1,688 on Friday, 18 September 2024. Powered by Capital Market - Live
Tech Mahindra announced that the Board of Directors of the Company at its meeting held on 19 October 2024, has recommended a Interim dividend of Rs.15 per share (i.e.300%), subject to the approval of the shareholders.Powered by Capital Market - Live
Net profit of Tech Mahindra rose 153.11% to Rs 1250.10 crore in the quarter ended September 2024 as against Rs 493.90 crore during the previous quarter ended September 2023. Sales rose 3.49% to Rs 13313.20 crore in the quarter ended September 2024 as against Rs 12863.90 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales13313.2012863.90 3 OPM %13.157.11 - PBDT2183.301081.00 102 PBT1713.50615.30 178 NP1250.10493.90 153 Powered by Capital Market - Live
Tech Mahindra will hold a meeting of the Board of Directors of the Company on 19 October 2024.Powered by Capital Market - Live
Tech Mahindra has allotted 1,37,178 equity shares of Rs 5 each under ESOS. With this allotment, the paid up equity share capital has increased to 97,83,49,548 equity shares of Rs 5 each. Powered by Capital Market - Live
Mahindra University (MU) a university established under the Telangana State Private Universities (Establishment and Regulation) Act, 2018 on the land and buildings owned by the company. The company will sale 103 acres of land and 17 buildings with a built-up area of approximately 1,261,149 sq. ft. located at Bahadurpally village, Medchal-Malkajgiri district, Hyderabad, Telangana. The primary objective of the sale is to set up MU as an autonomous institution that focuses on the betterment of society, one which can continue to grow independently. The cash consideration of Rs 535 crore to be received in tranches, over a period of four years along with interest 8.20% per annum, receivable during the said period. The sale is expected to be finalized on or before 30 September 2024, unless mutually extended by the parties. Tech Mahindra is focused on leveraging next-generation technologies including 5G, blockchain, cybersecurity, artificial intelligence, and more, to enable end-to-end digital transformation for global customers. The IT major's consolidated net profit jumped 28.82% to Rs 851.5 crore on 1.04% rise in revenue from operations to Rs 13,005.5 crore in Q1 FY25 over in Q4 FY24. The scrip hit a 52-week high at Rs 1,634.25 in intraday today.Powered by Capital Market - Live
Tech Mahindra has approved the sale of and admeasuring approx. 103 acres and buildings admeasuring built-up area of approx. 1,261,149 sq. ft situated at Bahadurpally village, Dundigal Gandimaisamma mandal (earlier Quthbullahpur mandal), Medchal-Malkajgiri district (earlier Ranga Reddy district), Hyderabad, Telangana (Property) to Mahindra University, subject to requisite regulatory approvals. The sale is for a consideration of Rs 535 crore payable over a period of 4 years along with interest. Mahindra University is a university established under the Telangana State Private Universities (Establishment and Regulation) Act, 2018 on the land and buildings owned by the Company. Mahindra Educational Institutions, a section 8 wholly-owned subsidiary of the Company is the sponsoring body of Mahindra University. As no business operations of the Company are carried out on the said land and building being sold, the said sale will not have any impact on the business operations of the Company.Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 8.45%, vs industry avg of 11.52%
Decreasing Market Share
Over the last 5 years, market share decreased from 7.46% to 6.74%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of -11.31%, vs industry avg of 8.35%