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Company details

1,646.50
1,670.00
1,098.15
1,670.00
6M Return 29.11%
1Y Return 30.83%
Mkt Cap.(Cr) 161,252.74
Volume 1,060,407
Div Yield 2.42%
OI
-
OI Chg %
-
Volume 1,060,407
NSE

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IT Consulting & Software company Tech Mahindra announced Q1FY25 results:

Financial Highlights:

  • Revenue at Rs 13,005 crore; up 1.0% QoQ, down 1.2% YoY
  • EBITDA at Rs 1,564 crore; up 11 .1 % QoQ, up 16.9% YoY; Margin at 12.0%, up 110 bps QoQ, 190 bps YoY
  • Consolidated PAT at Rs 851 crore; up 28.8% QoQ, up 23.0% YoY
  • Earnings per share (EPS) at Rs 9.62

Other Highlights:

  • Total headcount at 147,620 up 2,165 QoQ, down 677 YoY ,
  • Cash and Cash Equivalent at Rs 8,055 crore as of June 30, 2024

Mohit Joshi, Chief Executive Officer and Managing Director, Tech Mahindra, said, "It is encouraging to see positive momentum in most industry verticals which has led to revenue growth and margin expansion in an otherwise seasonally weak quarter. We continue to focus on execution and are on track to achieve our stated goals for FY27."

Rohit Anand, Chief Financial Officer, Tech Mahindra, said, "The Q1 results are a positive start both for current turnaround year as well as for our medium-term strategy. As we mentioned in our strategic priorities, our focus continues to be on investing in the business for longterm sustainable performance."

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Tech Mahindra Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • New 52 week high today
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (6)

  • 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
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (2)

  • Decrease in Provision in recent results
  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
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Resistance and support

R1 1,663.8
R2 1,678.7
R3 1,687.3
Pivot

1,655.17

S1 1,640.3
S2 1,631.7
S3 1,616.8
EMA SMA
1,614.6
1,554.8
1,476.9
1,387.3
1,627.8
1,555.9
1,441.4
1,359.1
Delivery and volume
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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
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Name Category Shares
Mahindra & Mahindra Limited PROMOTER 25.36%
TMLBenefitTrustThroughMrManojRaghunathBhatTrusteeThetrustsettledbyTechMahindraLtd PROMOTER 9.64%

OUR RESEARCH VIEW

Investment recommendation
Margin expansion led turnaround begins...
Call Date
26 Jul 2024
Entry Price 1,535.00
Target Price 1,780.00
Duration
12 Month
BUY View Report
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FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Tech Mahindra Ltd Stocks COMPARISON

Financials( ₹ in Cr) Tech Mahindra Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 1,649.00 4,513.25 1,950.25 1,811.85 551.90
% Change -0.43 -0.21 0.32 -0.05 0.24
Mcap ₹ Cr 161,252.74 1,632,933.57 809,749.26 491,675.39 288,652.75
Revenue TTM ₹ Cr 51,995.50 240,893.00 153,670.00 109,913.00 89,760.30
Net Profit TTM ₹ Cr 2,396.80 46,099.00 26,248.00 15,710.00 11,112.10
PE TTM 64.08 34.31 30.37 29.92 25.81
1 Year Return 30.83 26.50 30.16 42.08 26.67
ROCE 11.01 62.85 44.74 28.63 16.38
ROE 8.78 51.04 37.12 23.51 14.60
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 26,667.80 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,552.45 55,187.18
LAST 3M 78,949.90 36,775.55
LAST 6M 185,617.29 55,527.75
LAST 12M 327,694.01 111,035.44
Tech Mahindra allots 1.37 lakh equity shares under ESOS

Sep 16, 2024 l BSE Announcement

Tech Mahindra Limited - ESOP/ESOS/ESPS

Sep 16, 2024 l NSE Announcement

Tech Mahindra Limited - Amalgamation/Merger

Sep 13, 2024 l NSE Announcement

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Date Action Type Ratio
Jul 19, 2024 Dividend 560
Nov 02, 2023 Dividend 240
Jul 21, 2023 Dividend 640
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Tech Mahindra Ltd Information

Stock PE (TTM)
64.08
Promoter Holding
35.05%
Book Value
273.1064
ROCE
11.01%
ROE
8.78%
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.

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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 Sep 16, 2024 04:10 PM the closing price of Tech Mahindra Ltd was Rs.1,649.00.

The latest PE ratio of Tech Mahindra Ltd as of Sep 16, 2024 04:10 PM is 64.08

The latest PB ratio of Tech Mahindra Ltd as of Sep 16, 2024 04:10 PM is 0.17

The 52-week high of Tech Mahindra Ltd share price is Rs. 1,670.00 while the 52-week low is Rs. 1,098.15

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

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 16, 2024 04:10 PM, the market cap of Tech Mahindra Ltd stood at Rs. 161,252.74 Cr.

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