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Tech Mahindra Ltd

TECHM

Tech Mahindra Ltd

TECHM
Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹1,71,223 cr, stock is ranked 52
Low RiskStock is 1.88x as volatile as Nifty
1,759.600.58% (+10.10)
1,759.600.58% (+10.10)

Price Chart

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Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹1,71,223 cr, stock is ranked 52
Low RiskStock is 1.88x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹1,71,223 cr, stock is ranked 52
Low RiskStock is 1.88x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
52.316.312.06%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
36.369.591.61%

Forecast & Ratings

Detailed Forecast 
59%
Analysts have suggested that investors can buy this stock

from 37 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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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Oct 18, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 8.45%, vs industry avg of 11.52%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 7.46% to 6.74%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of -11.31%, vs industry avg of 8.35%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue26,936.2029,916.1032,189.5035,276.3038,060.1038,643.4045,761.1054,255.2052,922.9053,432.90
Raw Materialssubtract0.000.000.000.000.000.000.000.000.0046,731.10
Power & Fuel Costsubtract168.80187.90194.70199.20205.30140.40139.90175.30194.70
Employee Costsubtract13,947.5015,453.9016,624.0017,507.9018,810.0019,297.3022,285.9027,691.8029,128.30
Selling & Administrative Expensessubtract2,795.503,053.203,008.103,422.103,400.102,152.102,592.203,011.103,284.10
Operating & Other expensessubtract5,311.806,261.406,236.507,341.508,949.209,469.0011,608.0014,649.2014,882.10
Depreciation/Amortizationsubtract758.90978.101,085.001,129.201,445.801,457.701,520.401,956.701,817.101,836.80
Interest & Other Itemssubtract97.00128.60162.40133.20191.90174.00162.60325.60392.20335.50
Taxes & Other Itemssubtract863.801,040.101,079.001,245.601,024.801,524.901,886.001,614.20866.601,256.50
EPS31.0430.4943.1648.5445.8650.7463.5654.9826.7637.09
DPS12.009.0014.0014.0015.0045.0030.0050.0040.0040.00
Payout ratio0.390.300.320.290.330.890.470.911.491.08

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2025

Annual Report Pending

Investor Presentation

Oct 18PDF
 

Peers & Comparison

Comparing 3 stocks from 
Information TechnologyIT Services & Consulting

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Tech Mahindra Ltd72.626.312.06%
Tata Consultancy Services Ltd33.9117.051.70%
Infosys Ltd29.878.862.43%
HCL Technologies Ltd32.597.492.76%

Price Comparison

Compare TECHM with any stock or ETF
Compare TECHM with any stock or ETF
TECHM
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding35.03%15.81%15.19%23.66%10.31%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep25.69%26.22%24.58%24.15%23.28%23.66%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Tata Digital India Fund Direct Plan Growth

Growth
0.6860%9.71%-0.05%3/38 (0)
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI CONTRA FUND DIRECT PL GROWTH

Growth
0.5555%2.30%0.27%4/112 (+5)
HDFC Flexi Cap Fund - Growth - Direct Plan

Growth
0.5376%1.39%-0.03%19/60 (+3)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Tech Mahindra Ltd

Events

Dividend Trend

No Trend In Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

TECHM has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 2.11%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹21.07 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateOct 31, 2024

Interim
Interim | Div/Share: ₹15.00

Dividend/Share

₹15.00

Ex DateEx Date

Oct 31, 2024

Cash Dividend

Ex DateEx DateJul 19, 2024

Final
Final | Div/Share: ₹28.00

Dividend/Share

₹28.00

Ex DateEx Date

Jul 19, 2024

Cash Dividend

Ex DateEx DateNov 2, 2023

Interim
Interim | Div/Share: ₹12.00

Dividend/Share

₹12.00

Ex DateEx Date

Nov 2, 2023

Cash Dividend

Ex DateEx DateJul 21, 2023

Final
Final | Div/Share: ₹32.00

Dividend/Share

₹32.00

Ex DateEx Date

Jul 21, 2023

Cash Dividend

Ex DateEx DateNov 9, 2022

Special
Special | Div/Share: ₹18.00

Dividend/Share

₹18.00

Ex DateEx Date

Nov 9, 2022

News & Opinions
Corporate
Tech Mahindra allots 76,650 equity shares under ESOP

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

1 day agoCapital Market - Live
Spotlight
Tech Mahindra Ltd soars 1.36%

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

1 week agoCapital Market - Live
Spotlight
Tech Mahindra rises after Q2 PAT climbs 47% QoQ; declares dividend of Rs 15/ share

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

1 month agoCapital Market - Live
Spotlight
Tech Mahindra Q2 PAT climbs 47% QoQ; declares dividend of Rs 15/ share

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

1 month agoCapital Market - Live
Corporate
Board of Tech Mahindra recommends Interim Dividend

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

1 month agoCapital Market - Live
Earnings
Tech Mahindra consolidated net profit rises 153.11% in the September 2024 quarter

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

1 month agoCapital Market - Live
Corporate
Tech Mahindra to convene board meeting

Tech Mahindra will hold a meeting of the Board of Directors of the Company on 19 October 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Tech Mahindra allots 1.37 lakh equity shares under ESOS

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

2 months agoCapital Market - Live
Spotlight
Tech Mahindra hits 52-week high after board OKs to sell 103 acres land to Mahindra University

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

3 months agoCapital Market - Live
Corporate
Tech Mahindra to sell 103 acres land and building to Mahindra University

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

3 months agoCapital Market - Live