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    • Tech Mahindra Share Price

    Large Cap
    ₹1,595.35
    -10.05 (-0.63%)
    • Advice
    • Hold
    20 September, 2024 04:06 BSE: 532755 NSE: TECHM ISIN: INE669C01036

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    Tech Mahindra Performance

    Day Range

    • Low 1,587
    • High 1,635
    ₹ 1,595

    52 Week Range

    • Low 1,098
    • High 1,672
    ₹ 1,595
    • Open Price1,620
    • Previous Close1,605
    • Volume3032379

    Tech Mahindra Chart

    • Over 1 Month + 0.63%
    • Over 3 Month + 16.33%
    • Over 6 Month + 25.36%
    • Over 1 Year + 23.69%

    Tech Mahindra Key Statistics

    P/E Ratio 62
    PEG Ratio -1.5
    Market Cap Cr
    Price to Book Ratio 5.2
    EPS 21.8
    Dividend 2.5
    Relative Strength Index 48.17
    Money Flow Index 42.54
    MACD Signal 24.33
    Average True Range 37.56

    Tech Mahindra F&O

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    Tech Mahindra Investment Rating

    • Master Rating:

    • Tech Mahindra has an operating revenue of Rs. 51,842.04 Cr. on a trailing 12-month basis. An annual revenue de-growth of -2% needs improvement, Pre-tax margin of 6% is okay, ROE of 8% is fair but needs improvement. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 17% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 42 which is a POOR score indicating inconsistency in earnings, a RS Rating of 53 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 103 indicates it belongs to a poor industry group of Computer-Tech Services and a Master Score of C is fair but needs to improve. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Tech Mahindra Financials
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 10,63010,41110,55110,44010,69710,939
    Operating Expenses Qtr Cr 9,6789,62310,00010,1039,9119,761
    Operating Profit Qtr Cr 9526985523377871,043
    Depreciation Qtr Cr 202204200206205202
    Interest Qtr Cr 515975585457
    Tax Qtr Cr 1981805631169187
    Net Profit Qtr Cr 625527486556560677
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 43,35243,786
    Operating Expenses Annual Cr 39,72637,888
    Operating Profit Annual in Cr 2,3744,770
    Depreciation Cr 815813
    Interest Annual Cr 246181
    Tax Annual Cr 4361,127
    Net Profit Annual Cr 2,1293,778
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 5,0054,102
    Cash from Investing Activity Annual Cr 47677
    Cash from Financing Annual Activity Cr -4,727-4,992
    Net Cash Flow Annual Cr 325-213
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 23,16924,821
    Fixed Assets Annual Cr 3,3193,689
    Total Non Current Assets Annual Cr 17,88318,691
    Total Current Assets Annual Cr 16,78117,344
    Total Assets Annual Cr 34,66436,035
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 237255
    ROE Annual % 915
    ROCE Annual % 1119
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 914
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 13,00612,87113,10112,86413,15913,718
    Operating Expenses Qtr Cr 11,44111,46411,95511,94111,82111,698
    Operating Profit Qtr Cr 1,5651,0991,1469231,3381,808
    Depreciation Qtr Cr 462461443466447490
    Interest Qtr Cr 72591179812093
    Tax Qtr Cr 313295155110268400
    Net Profit Qtr Cr 8526615104946931,118
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 52,91254,255
    Operating Expenses Annual Cr 47,48945,261
    Operating Profit Annual in Cr 4,5068,029
    Depreciation Cr 1,8172,194
    Interest Annual Cr 392326
    Tax Annual Cr 8281,589
    Net Profit Annual Cr 2,3584,831
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 6,3765,572
    Cash from Investing Activity Annual Cr -1,314-279
    Cash from Financing Annual Activity Cr -4,767-5,078
    Net Cash Flow Annual Cr 296215
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 26,66827,923
    Fixed Assets Annual Cr 6,5267,386
    Total Non Current Assets Annual Cr 19,99821,721
    Total Current Assets Annual Cr 23,42524,433
    Total Assets Annual Cr 43,42446,153
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 308323
    ROE Annual % 917
    ROCE Annual % 1222
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 1017
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    Tech Mahindra Technicals

    EMA & SMA

    Current Price
    ₹1,595.35
    -10.05 (-0.63%)
    pointer
    • Bullish Moving Average
    • ___
    • 7
    • Bearish Moving Average
    • ___
    • 9
    • 20 Day
    • ₹1,614.84
    • 50 Day
    • ₹1,561.81
    • 100 Day
    • ₹1,485.10
    • 200 Day
    • ₹1,394.09
    • 20 Day
    • ₹1,628.15
    • 50 Day
    • ₹1,565.05
    • 100 Day
    • ₹1,453.38
    • 200 Day
    • ₹1,365.15

    Tech Mahindra Resistance and Support

    PIVOT
    ₹1,605.92
    Resistance
    First Resistance 1,624.78
    Second Resistance 1,654.22
    Third Resistance 1,673.08
    RSI 48.17
    MFI 42.54
    MACD Single Line 24.33
    MACD 16.94
    Support
    First Support 1,576.48
    Second Support 1,557.62
    Third Supoort 1,528.18

    Tech Mahindra Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 3,102,040 192,016,276 61.9
    Week 2,052,797 117,686,875 57.33
    1 Month 1,927,606 110,548,204 57.35
    6 Month 2,334,459 117,259,888 50.23

    Tech Mahindra Result Highlights

    Tech Mahindra Synopsis

    NSE-Computer-Tech Services

    Tech Mahindra is involved in the business activities of Other information technology and computer service activities n.e.c. Company’s Total Operating Revenue is Rs. 42099.30 Cr. and Equity Capital is Rs. 488.40 Cr. for the Year ended 31/03/2024. Tech Mahindra Ltd. is a Public Limited Listed company incorporated on 24/10/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L64200MH1986PLC041370 and registration number is 041370.
    Market Cap 157,064
    Sales 42,032
    Shares in Float 63.59
    No of funds 898
    Yield 2.49
    Book Value 6.77
    U/D Vol ratio 1.3
    LTDebt / Equity
    Alpha 0.01
    Beta 0.77

    Tech Mahindra Shareholding Pattern

    Owner NameJun-24Mar-24Dec-23Sep-23
    Promoters 35.05%35.09%35.11%35.13%
    Mutual Funds 15.27%14%14.24%12.36%
    Insurance Companies 13.98%13.74%13.09%13.04%
    Foreign Portfolio Investors 23.27%24.15%24.58%26.22%
    Financial Institutions/ Banks
    Individual Investors 8.87%9.22%9.31%8.68%
    Others 3.56%3.8%3.67%4.57%

    Tech Mahindra Management

    Name Designation
    Mr. Anand G Mahindra Chairman
    Mr. Mohit Joshi Managing Director & CEO
    Dr. Anish Shah Non Executive Director
    Ms. Penelope Fowler Independent Director
    Mrs. M Rajyalakshmi Rao Independent Director
    Dr. Mukti Khaire Independent Director
    Mr. Haigreve Khaitan Independent Director
    Ms. Shikha Sharma Independent Director
    Mr. T N Manoharan Lead Independent Director
    Mr. Amarjyoti Barua Non Executive Director
    Mr. Neelam Dhawan Independent Director
    Mr. Tarun Bajaj Additional Director

    Tech Mahindra Forecast

    Price Estimates

    2,000(9.8%)
    1,758(-3.5%)
    1,590(-12.7%)

    Other Analyst Rating

    Tech Mahindra Corporate Action

    Date Purpose Remarks
    2024-07-25 Quarterly Results
    2024-04-25 Audited Results & Final Dividend
    2024-01-24 Quarterly Results
    2023-10-25 Quarterly Results & Interim Dividend
    2023-07-26 Audited Results
    Date Purpose Remarks
    2023-11-02 INTERIM Rs.12.00 per share(240%)Interim Dividend
    2022-11-10 SPECIAL Rs.18.00 per share (360%) Special Interim Dividend
    2021-11-05 SPECIAL Rs.15.00 per share(300%)Special Dividend

    Tech Mahindra MF Shareholding

    Name Amount(cr)
    HDFC Balanced Advantage Fund Growth 95,391
    Parag Parikh Flexi Cap Regular Growth 78,490
    ICICI Prudential Bluechip Fund Growth 64,223

    About Tech Mahindra

    Tech Mahindra is a leading global information technology services and consulting company that prides itself on offering innovative and customer-centric digital experiences. With a focus on enabling enterprises, associates, and society to rise for a more equal world, future readiness, and value creation, the company has garnered a reputation for excellence in the IT industry which has boosted Tech Mahindra share price. 

    The Mahindra Group holds leadership positions in various industries, including farm equipment, utility vehicles, information technology, and financial services in India, and it is recognized as the world's largest tractor company by volume. The Group's diverse portfolio also includes interests in renewable energy, agriculture, logistics, hospitality, and real estate. 

    The company's dedication to leveraging next-generation technologies is evident in its focus on 5G, Blockchain, Metaverse, Quantum Computing, Artificial Intelligence, Cybersecurity, and more. By integrating these cutting-edge technologies, Tech Mahindra aims to facilitate end-to-end digital transformation for its global customers, helping them stay ahead in the fast-paced digital landscape.

    Tech Mahindra's commitment to sustainability and environmental stewardship has earned it a significant accolade – the HRH The Prince of Wales' Terra Carta Seal. Being the only Indian company to receive this prestigious recognition demonstrates the company's dedication to creating a sustainable future for the planet.

    In terms of brand recognition and strength, Tech Mahindra stands out as the fastest-growing brand globally in the 'brand value rank' and is among the top 7 IT brands globally, boasting an impressive AA+ rating for brand strength. This recognition underscores the company's reputation and credibility in the IT industry.

    With its NXT.NOW™ framework, Tech Mahindra aims to enhance the 'Human Centric Experience' for its ecosystem, fostering collaborative disruption through synergies arising from its robust portfolio of companies. The company firmly believes in delivering tomorrow's experiences today, firmly asserting that the 'Future is Now.'

    Tech Mahindra's ultimate goal is not only to remain at the forefront of digital transformation but also to be an agent of positive change in the lives of communities and stakeholders. By focusing on leading Environmental, Social, and Governance (ESG) practices globally, enabling rural prosperity, and enhancing urban living, Tech Mahindra aligns its efforts with the broader vision of the Mahindra Group to empower people to Rise and drive a better, sustainable future for all.
     

    The History of Tech Mahindra

    Tech Mahindra's history can be traced back to its inception as a joint venture between Mahindra & Mahindra (M&M) and British Telecommunications plc (BT) in 1986. Here's a detailed overview of its history:

    Formation of the Joint Venture (1986)
    Tech Mahindra was initially established as a joint venture called "Mahindra British Telecom" (MBT) on October 24, 1986. Mahindra & Mahindra, a leading Indian multinational conglomerate with diverse business interests, joined hands with British Telecommunications (BT), a prominent telecommunications company in the United Kingdom, to form the venture. The main objective was to provide software and IT services to BT and other international clients.

    Early Growth and Focus on Telecom (1986-2002)
    In its early years, Tech Mahindra primarily focused on offering IT and telecom solutions, leveraging its expertise in telecommunications technology. The company steadily expanded its client base, providing services to major telecom operators globally.

    BT's Stake Sale and Name Change (2006)
    In 2006, British Telecommunications decided to divest its majority stake in Tech Mahindra to concentrate on its core operations. As a result, BT sold a part of its shareholding to Mahindra & Mahindra, and the company underwent a name change, rebranding itself as "Tech Mahindra" to emphasize its growing emphasis on broader technology services beyond telecommunications.

    Acquisition of Satyam Computer Services (2009)
    One of the pivotal moments in Tech Mahindra's history came in 2009 when it acquired a controlling stake in Satyam Computer Services, an Indian IT services company that was embroiled in a major corporate scandal. Tech Mahindra's successful takeover and integration of Satyam, which was renamed Mahindra Satyam, significantly expanded its service offerings and client base.

    Steady Expansion and Diversification (2010s)
    Throughout the 2010s, Tech Mahindra continued to expand its operations and diversify its services. The company made several strategic acquisitions to strengthen its capabilities in areas like digital transformation, cloud computing, data analytics, cybersecurity, and more. It also established global delivery centers to cater to the needs of its clients in different regions.

    Emergence as a Global IT Services Provider
    Over the years, Tech Mahindra transformed from a telecom-focused company into a well-rounded global IT services provider. The company served clients across various industries, including banking, financial services, insurance, healthcare, manufacturing, retail, and more.
    Today, Tech Mahindra stands as one of India's leading IT services companies and has a strong global presence. With a commitment to digital transformation and customer-centricity, it continues to play a significant role in shaping the technology landscape and delivering innovative solutions to its clients worldwide.
     

    Tech Mahindra - Some Important Facts

    Headquarterd in Pune, Tech Mahindra is a prominent player in the global IT services industry and has achieved significant growth and recognition over the years. Here are some important facts about the company, including its revenue, number of employees, and other key details:

    Revenue

    As of the fiscal year 2022-2023, Tech Mahindra reported a total revenue of ₹ 53,255.2 Crores, which is equivalent to approximately US $6.7 billion. 

    Number of Employees

    As of March 2023, Tech Mahindra employed a workforce of approximately 152,400 professionals worldwide. 

    Global Presence

    Tech Mahindra has a strong global presence with operations in multiple countries across the Americas, Europe, Asia-Pacific, and the Middle East. Its extensive network of delivery centers allows it to provide IT services and support to clients on a global scale.

    Tech Mahindra - Awards Received 

    Tech Mahindra have received several awards and recognitions for its excellence in the IT services industry and its contributions to various social and environmental initiatives. Here are some of the notable awards with their respective years:

    ● Forbes Asia's "Fab 50 Companies" 
    ● NASSCOM Corporate Award
    ● Golden Peacock Award for Corporate Social Responsibility 
    ● CII Industrial Innovation Award
    ● Asia Responsible Entrepreneurship Award
    ● Economic Times Best Corporate Brands 
    ● Ethisphere Institute's World's Most Ethical Companies

    Tech Mahindra FAQs

    What is Share Price of Tech Mahindra ?

    Tech Mahindra share price is ₹1,595 As on 20 September, 2024 | 03:52

    What is the Market Cap of Tech Mahindra ?

    The Market Cap of Tech Mahindra is ₹156081 Cr As on 20 September, 2024 | 03:52

    What is the P/E ratio of Tech Mahindra ?

    The P/E ratio of Tech Mahindra is 62 As on 20 September, 2024 | 03:52

    What is the PB ratio of Tech Mahindra ?

    The PB ratio of Tech Mahindra is 5.2 As on 20 September, 2024 | 03:52

    Who founded Tech Mahindra?

    Anand Mahindra is the founder of Tech Mahindra.

    What is Tech Mahindra known for?

    Tech Mahindra Limited is a top provider of business reengineering and digital transformation consulting services and solutions.

    What is the operating revenue of Tech Mahindra?

    On a trailing 12-month basis, Tech Mahindra has an operating revenue of INR 40,455.90 Cr. Annual revenue growth of 2% is not impressive, but the pre-tax margin of 16% is impressive, and the ROE of 17% is exceptional. The company has a reasonable debt to equity ratio of 1%, indicating a healthy balance sheet.

    Who is Tech Mahindra's current CEO?

    Mohit Joshi is the Managing Director and Chief Executive Officer of Tech Mahindra as on June 2024.

    How to buy Tech Mahindra Ltd shares?

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