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Tech Mahindra Ltd share Price

Company details

6M Return 19.14%
1Y Return 23.13%
Mkt Cap.(Cr) 127,232.33
Volume 3,252,940
Div Yield 3.83%
OI Chg %
Volume 3,252,940

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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)

    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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IT Consulting & Software company Tech Mahindra announced Q1FY24 results:

  • In terms of USD:
    • Revenue at USD 1,601 million; down 4.0% QoQ, down 1.9% YoY
      • Revenue reduced by 4.2% QoQ in constant currency terms
    • EBITDA at USD 163 million; down 33.7% QoQ, down 31.8% YoY
    • EBITDA Margin at 10.2%, down 460 bps QoQ
    • Profit after tax (PAT) at USD 84 million; down 38.0% QoQ, down 41.1% YoY
    • Free cash flow at USD 106 million, conversion to PAT at 126%
  • In terms of INR:
    • Revenue at Rs 13,159 crore; down 4.1% QoQ, up 3.5% YoY
    • EBITDA at Rs 1,338 crore; down 33.8% QoQ, down 28.8% YoY
    • Consolidated PAT at Rs 693 crore; down 38.0% QoQ, down 38.8% YoY
    • Earnings per share (EPS) was at Rs 7.82
  • Total headcount at 1,48,297 down 4,103 QoQ
  • Cash and Cash Equivalent at Rs 7,701 crore as of June 30, 2023

CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, "Our results this quarter reflect the uncertainty in the global economy and the IT sector. We are confident that we have the right strategy and the right team to overcome this temporary setback and deliver long-term value for our customers and shareholders."

Rohit Anand, Chief Financial Officer, Tech Mahindra, said, "This quarter was a challenging one for us as revenue growth faced strong headwinds, and that had an impact on profitability. We have taken swift and decisive actions to address these issues and improve our execution."

Result PDF

View Other Company Results


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


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Tech Mahindra Ltd Stocks COMPARISION


Equity Capital: 27,923.20 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 12,500.03 -6,885.48
LAST 3M 36,702.89 2,100.69
LAST 6M 45,999.05 152,168.44
LAST 12M 133,371.71 158,810.39
Tech Mahindra announces restructuring of subsidiaries

Sep 23, 2023 l BSE Announcement

Tech Mahindra announces merger of subsidiaries

Sep 21, 2023 l BSE Announcement

Tech Mahindra Limited - Amalgamation/Merger

Sep 21, 2023 l NSE Announcement

Date Action Type Ratio
Jul 21, 2023 Dividend 640
Nov 09, 2022 Dividend 360
Jul 21, 2022 Dividend 300

Tech Mahindra Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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 & 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

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 532755
Book Closure Date (Month) :
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 Sep 22, 2023 03:59 PM the closing price of Tech Mahindra Ltd was ₹ 1,305.35.

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 Sep 22, 2023 03:59 PM, the market cap of Tech Mahindra Ltd stood at ₹ 127,232.33.

The latest PE ratio of Tech Mahindra Ltd as of Sep 22, 2023 03:59 PM is 28.97

The latest PB ratio of Tech Mahindra Ltd as of Sep 22, 2023 03:59 PM is 0.22

The 52-week high of Tech Mahindra Ltd is ₹ 1,320.00 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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