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Tech Mahindra Ltd share Price Today

Company details

1,268.50
1,293.00
981.05
1,416.30
6M Return 0.13%
1Y Return 14.91%
Mkt Cap.(Cr) 125,100.30
Volume 1,853,481
Div Yield 3.92%
OI
-
OI Chg %
-
Volume 1,853,481

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About The Stock

    Tech Mahindra (TechM) has over 1.2 lakh employees across 90 countries serving 1000+ clients with higher exposure to telecom (40% of revenues).

    • Apart from telecom, the company caters to BFSI, manufacturing & retail
    • TechM has grown organically & inorganically (dollar revenue CAGR of 6.6% over the past five years)
Q4FY22

    TechM reported weak numbers on the margins front.

    • Dollar revenues increased 4.9% QoQ, while it was up 5.4% in CC
    • EBIT margins dipped 160 bps QoQ at 13.2%
    • New deal TCV at US$3.3 billion (bn) for FY22

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Research view on more stocks

IT Consulting & Software company Tech Mahindra announced Q3FY24 results:

Financial Highlights

  • In USD:
    • Revenue at USD 1,573 million; up 1.1% QoQ, down 5.7% YoY
    • Revenue up by 1.1% QoQ, declined by 5.4% YoY in constant currency terms
    • EBITDA at USD 138 million; up 6.4% QoQ, down 47.1% YoY; Margin at 8.8%, up 40 bps QoQ
    • Profit after tax (PAT) at USD 61 million; up 3.0 % QoQ, down 61.0 % YoY
    • Free cash flow at USD 228 million
  • In INR:
    • Revenue at Rs 13,101 crore; up 1.8% QoQ, down 4.6% YoY
    • EBITDA at Rs 1,146 crore; up 6.9% QoQ, down 46.5% YoY
    • Consolidated PAT at Rs 510 crore; up 3.4% QoQ, down 60.6% YoY
    • Earnings per share (EPS) at Rs 5.8

Workforce Data

  • Total Headcount: 1,46,250, a decrease from the previous quarter's 1,50,604.
  • Attrition Rate: Long Term (LTM) attrition in IT reported at 17%.

Mohit Joshi, Managing Director & Chief Executive Officer, Tech Mahindra, said, "The quarter was a mixed outcome, with growth in the Manufacturing and Healthcare segments but muted spending in areas like Communications, BFSI, and Hi-tech. While this dichotomy in the markets will take its own time to settle, we are focusing internally on realigning under the new structure and strengthening the foundations of our organisation."

Rohit Anand, Chief Financial Officer, Tech Mahindra, said, "This year has given us the opportunity to step back and review our portfolio. We are confident that these actions will help us correct our course and deliver value in the long term. We are encouraged by the robust cash conversions this year, and we hope to continue this rigor in other operational areas as well."

 

 

Result PDF

View Other Company Results

Tech Mahindra Ltd shares SWOT Analysis

Strengths (5)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt
  • Book Value per share Improving for last 2 years

Weakness (5)

  • Negative Breakdown Second Support (LTP < S2)
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • RSI indicating price weakness

Resistance and support

R1 1,284.1
R2 1,295.5
R3 1,303.5
Pivot

1,276.05

S1 1,264.7
S2 1,256.7
S3 1,245.3
EMA SMA
1,288.8
1,290.1
1,269.0
1,229.2
1,289.2
1,307.0
1,258.2
1,221.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NORTHERN LIGHTS FUND TRUST III RONDURE NEW WORLD FUND Block Purchase 2023-10-20 1170.7 212443 BSE
RONDURE NEW WORLD FUND Block Sell 2023-10-20 1170.7 212443 BSE
THE RBOS PLC AS DEP OF FIRST ST GEM SUS FDA SF OF FIST INICVC Block Purchase 2023-07-17 1228.65 112140 NSE
Name Category Shares
Mahindra & Mahindra Limited PROMOTER 25.41%
TMLBenefitTrustThroughMrManojRaghunathBhatTrusteeThetrustsettledbyTechMahindraLtd PROMOTER 9.65%

OUR RESEARCH VIEW

Investment recommendation
Call Date
29 Apr 2023
Entry Price 1,023.00
Target Price 900.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Tech Mahindra Ltd Stocks COMPARISON

Financials( in Cr) Tech Mahindra Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 1,281.55 4,216.40 1,634.30 1,647.85 517.20
% Change -0.91 0.21 -1.15 -1.87 -0.14
Mcap Cr 125,100.30 1,525,530.62 678,307.72 447,171.29 270,206.07
Revenue TTM Cr 53,290.20 225,458.00 146,767.00 101,456.00 90,487.60
Net Profit TTM Cr 4,857.00 42,303.00 24,108.00 14,845.00 11,366.50
PE TTM 44.14 32.90 27.26 28.38 23.63
1 Year Return 14.91 31.15 15.09 52.01 36.30
ROCE 20.20 58.04 44.36 27.62 17.11
ROE 17.72 47.26 36.42 23.32 15.89
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 27,923.20 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,949.36 46,625.05
LAST 3M 62,706.47 30,325.37
LAST 6M 124,059.31 61,387.51
LAST 12M 183,733.61 212,735.20

Tech Mahindra Ltd Information

Stock PE (TTM)
44.14
Promoter Holding
35.11%
Book Value
270.9377
ROCE
20.2%
ROE
17.72%
Description
  • Tech Mahindra Limited provides digital transformation, consulting, and business re-engineering services and solutions with a market capitalization of INR 136,763.11 Crores as of 17th August ‘2021. Tech Mahindra Limited is a subsidiary of the Mahindra Group, and the same was incorporated in 1896. Tech Mahindra is a US$5.2 billion company with more than 125,230 employees across 90 countries. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 532755 and scrip code TECHM. As of 17th August ‘2021, Tech Mahindra Limited is trading at INR 1414.

    Tech Mahindra Limited was ranked overall #47 in Fortune India 500 list for 2019 and #5 in India’s IT firms. Tech Mahindra Limited is a leading Telecom-focused provider of IT Services &amp; Solutions to the Global Telecommunication Industry, encompassing Telecom Service Providers (TSPs), Telecom Equipment Manufacturers (TEMs), and Independent Software Vendors (ISVs). Tech Mahindra Limited is amongst the only three Indian companies featuring in the global Bloomberg 2020 Gender-Equality Index (GEI). T N Manoharan, Anil Khatri, Shikha Sharma, Mukti Khaire, Manoj Bhat, M Rajyalakshmi Rao, M Damodaran, Haigreve Khaitan, Anish Shah, CP Gurnani, and Anand G Mahindra are the part of company’s management. The company has a worldwide presence in 24 locations in 14 countries, including 11 state-of-the-art development centres and 13 sales offices in America, Europe, the Middle East, Africa, and Asia pacific. It is one of the leading American network equipment providers as a cloud transformation partner. The company has a stake in other entities as well like Object wise Consulting Group Inc., Mahindra Engineering Services (Europe) Ltd, Born Commerce Private Limited, Born Singapore Pte. Limited etc.

    As of 30th June ‘2021, the company has a total of 96.90 Crores shares outstanding. The company has a Consolidated Total Income of Rs 10,484.90 Crores for the quarter ended 30th June ‘2021, up 7.40 % from last quarter’s Total Income of INR 9,762.50 Crores. In addition, the company has reported net profit after tax of Rs 1,365.70 Crores for the quarter ended as on 30th June ‘2021, which shows an increment of 30.75% from last quarter. Tech Mahindra Limited’s stock closed at 1417 on 17th August ‘2021 (NSE) and has returned 44.53% over the previous six months and 96.25% in the last year.

Registered Address

Gateway Building, Apollo Bunder, Mumbai, Maharashtra, 400001

Tel : 91-22-22021031
Email : investor.relations:techmahindra.com
Website : http://www.techmahindra.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 532755
NSE Code : TECHM
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE669C01036

FAQ’s on Tech Mahindra Ltd Shares

You can buy Tech Mahindra Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Tech Mahindra Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 15, 2024 03:09 PM the closing price of Tech Mahindra Ltd was ₹ 1,281.55.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 15, 2024 03:09 PM, the market cap of Tech Mahindra Ltd stood at ₹ 125,100.30.

The latest PE ratio of Tech Mahindra Ltd as of Mar 15, 2024 03:09 PM is 44.14

The latest PB ratio of Tech Mahindra Ltd as of Mar 15, 2024 03:09 PM is 0.21

The 52-week high of Tech Mahindra Ltd is ₹ 1,416.30 while the 52-week low is ₹ 981.05

According to analyst recommendations, Tech Mahindra Ltd has a “Buy” rating for the long term.

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