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Tech Mahindra Ltd share Price Today

Company details

1,318.25
1,342.80
1,060.10
1,416.30
6M Return 11.01%
1Y Return 21.02%
Mkt Cap.(Cr) 129,879.64
Volume 980,450
Div Yield 2.72%
OI
-
OI Chg %
-
Volume 980,450

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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 and inorganically (dollar revenue CAGR of 6.7% over the past five years)
Q4FY23 Results:

    TechM reported weak overall numbers in Q4FY23.

    • Revenue grew 0.3% QoQ in CC terms
    • EBIT margins declined ~80 bps QoQ at 11.2%
    • Won new deal TCV of US$592 mn, down 26% QoQ & 41% YoY

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Research view on more stocks

IT Consulting & Software company Tech Mahindra announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights (USD):

  • Revenue stood at USD 1,548 million, witnessing a decrease of 1.6% QoQ and 7.2% YoY.
    • Revenue declined by 0.8% QoQ and by 6.4% YoY in constant currency terms.
  • EBITDA reached USD 169 million, marking a significant increase of 22.9% QoQ, but a decrease of 31.1% YoY, with a margin of 10.9%, up by 220 basis points (bps) QoQ.
  • Profit after tax (PAT) amounted to USD 79 million, showing a notable increase of 29.5% QoQ, but a decline of 41.5% YoY.
  • Free cashflow was recorded at USD 129 million.

Q4FY24 Financial Highlights (INR):

  • Revenue totaled Rs 12,871 crore, a decrease of 1.8% QoQ and 6.2% YoY.
  • EBITDA amounted to Rs 1,408 crore, an increase of 22.8% QoQ, but a decrease of 30.3% YoY.
  • Consolidated PAT stood at Rs 661 crore, an increase of 29.5% QoQ, but a decline of 40.9% YoY.
  • Earnings per share (EPS) was at 7.45.

FY24 Financial Highlights (USD):

  • Revenue amounted to USD 6,277 million, marking a decrease of 5.0% YoY.
    • Revenue declined by 4.7% YoY in constant currency terms.
  • EBITDA reached USD 599 million, witnessing a significant decrease of 39.5% YoY, with a margin of 9.6%, down by 550 basis points (bps) YoY.
  • Profit after tax (PAT) amounted to USD 284 million, showing a notable decrease of 52.2% YoY.
  • Free cash flow was recorded at USD 676 million.

FY24 Financial Highlights (INR):

  • Revenue amounted to Rs 51,996 crore, decrease of 2.4% YoY.
  • EBITDA reached Rs 4,965 crore, witnessing a significant decrease of 38.2% YoY.
  • Consolidated PAT stood at 2,358 crore, marking a notable decrease of 51.2% YoY.
  • Earnings per share (EPS) was at 26.58.

Other Highlights:

  • Total headcount was at 145,455, down by 795 QoQ.
  • Cash and Cash Equivalent amounted to Rs 7,912 crore as of March 31, 2024.

Mohit Joshi, Chief Executive Officer and Managing Director of Tech Mahindra, stated, "As we enter FY'25, we are anticipating an enhancement in client spending, which instills optimism for a stronger revenue performance ahead. Our distinct capability to empower customers with transformative scale at unmatched speed sets us apart from competitors. Despite the challenges faced by the IT services sector in FY'24, including global economic uncertainties, we have observed a significant push towards digital adoption."

Rohit Anand, Chief Financial Officer of Tech Mahindra, added, "With another quarter of robust cash generation, we have witnessed improvements in deal wins and operating margins in Q4FY’24, facilitating consistent dividend distribution. We are confident that our strategic actions will result in steady earnings growth in the coming years. Our focus remains on operational excellence and cost savings to deliver superior shareholder returns."

Result PDF

View Other Company Results

Tech Mahindra Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (9)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (1)

  • RSI indicating price strength

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,342.3
R2 1,354.8
R3 1,366.8
Pivot

1,330.25

S1 1,317.7
S2 1,305.7
S3 1,293.2
EMA SMA
1,294.0
1,277.3
1,268.4
1,242.1
1,290.9
1,264.2
1,284.6
1,250.3
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 25.39%
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 1,329.70 3,847.05 1,471.35 1,353.30 452.45
% Change 0.60 -0.06 0.43 0.60 -2.42
Mcap Cr 129,879.64 1,391,896.54 610,737.82 367,240.28 236,411.37
Revenue TTM Cr 53,290.20 240,893.00 153,670.00 101,456.00 90,487.60
Net Profit TTM Cr 4,857.00 46,099.00 26,248.00 14,845.00 11,366.50
PE TTM 55.10 29.86 23.47 23.41 21.42
1 Year Return 21.02 16.46 13.30 21.71 13.20
ROCE 20.20 62.85 44.74 27.62 17.11
ROE 17.72 51.04 37.12 23.32 15.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 27,923.20 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,090.66 -22,978.04
LAST 3M 106,793.94 -34,010.07
LAST 6M 169,541.16 45,373.47
LAST 12M 268,709.66 125,819.23
Tech Mahindra Limited - Disclosure under SEBI Takeover Regulations

May 23, 2024 l NSE Announcement

Tech Mahindra Limited - Other General Purpose

May 21, 2024 l NSE Announcement

Date Action Type Ratio
Nov 02, 2023 Dividend 240
Jul 21, 2023 Dividend 640
Nov 09, 2022 Dividend 360

Tech Mahindra Ltd Information

Stock PE (TTM)
55.1
Promoter Holding
35.09%
Book Value
273.476
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 & 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 May 27, 2024 03:59 PM the closing price of Tech Mahindra Ltd was Rs.1,329.70.

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 May 27, 2024 03:59 PM, the market cap of Tech Mahindra Ltd stood at Rs. 129,879.64.

The latest PE ratio of Tech Mahindra Ltd as of May 27, 2024 03:59 PM is 55.10

The latest PB ratio of Tech Mahindra Ltd as of May 27, 2024 03:59 PM is 0.21

The 52-week high of Tech Mahindra Ltd share price is Rs. 1,416.30 while the 52-week low is Rs. 1,060.10

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

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