TECHM

TECH MAHINDRA

Large Cap BSE: 532755 NSE: TECHM
₹1074.15
-3.9 (-0.36%)
  • Advice
  • Hold
As on 08 December, 2022 | 18:48

Tech Mahindra Performance

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52 Week Range

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Tech Mahindra Share Price

Tech Mahindra Share Returns

  • Over 1 Month 1.96%
  • Over 3 Month -1.42%
  • Over 6 Month -4.45%
  • Over 1 Year -33.07%

Tech Mahindra Key Statistics

P/E Ratio 17.8
PEG Ratio 4.4
Market Cap Cr 104,569
Price to Book Ratio 3.4
EPS 50.4
Dividend 4.5
Relative Strength Index 51.4
Money Flow Index 55.19
MACD Signal 9.6
Average True Range 21.5

Tech Mahindra Investment Rating

  • Master Rating:
  • Tech Mahindra has an operating revenue of Rs. 49,404.43 Cr. on a trailing 12-month basis. An annual revenue growth of 18% is outstanding, Pre-tax margin of 17% is great, ROE of 20% is exceptional. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 60 which is a FAIR score but needs to improve its earnings, a RS Rating of 19 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 106 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 mediocre earnings and technical strength, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Tech Mahindra Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 10,4809,9659,3199,0118,4657,9327,507
Operating Expenses Qtr Cr 9,5328,7278,1427,4876,9396,6746,014
Operating Profit Qtr Cr 9481,2381,1771,5241,5261,2581,493
Depreciation Qtr Cr 190186196153158154158
Interest Qtr Cr 34251714141815
Tax Qtr Cr 334264153434445340360
Net Profit Qtr Cr 1,1628821,0381,3301,5609861,168

Tech Mahindra Technicals

EMA & SMA

Current Price
1074.15
-3.9 (-0.36%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 1074.44
  • 50 Day
  • 1063.46
  • 100 Day
  • 1078.46
  • 200 Day
  • 1136.96
  • 20 Day
  • 1072.49
  • 50 Day
  • 1050.31
  • 100 Day
  • 1053.89
  • 200 Day
  • 1154.69

Tech Mahindra Resistance and Support

PIVOT
₹1079.85
Resistance
First Resistance 1085.5
Second Resistance 1092.95
Third Resistance 1098.6
RSI 51.4
MFI 55.19
MACD Single Line 9.6
MACD 9.86
Support
First Resistance 1072.41
Second Resistance 1066.75
Third Resistance 1059.3

Tech Mahindra Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,604,438 80,767,409 50.34
Week 2,893,184 160,976,747 55.64
1 Month 2,615,800 140,494,633 53.71
6 Month 3,170,657 159,991,363 50.46

Tech Mahindra Result Highlights

Tech Mahindra Synopsis

NSE-Computer-Tech Services

Tech Mahindra is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs. 34726.10 Cr. and Equity Capital is Rs. 485.90 Cr. for the Year ended 31/03/2022. 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 104,554
Sales 38,775
Shares in Float 63.28
No of funds 990
Yield 1.39
Book Value 4.05
U/D Vol ratio 1.1
LTDebt / Equity
Alpha -0.17
Beta 1.13

Tech Mahindra

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 35.22%35.24%35.26%
Mutual Funds 12.86%12.8%10.6%
Insurance Companies 9.27%7.66%7.15%
Foreign Portfolio Investors 28.2%30.43%34.26%
Financial Institutions/ Banks 0.2%0.17%0.22%
Individual Investors 9.64%10.03%9.02%
Others 4.61%3.67%3.49%

Tech Mahindra Management

Name Designation
Mr. Anand G Mahindra Non Executive Chairman
Mr. C P Gurnani Managing Director & CEO
Dr. Anish Shah Non Executive Director
Mr. Manoj Bhat 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

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
2022-11-01 Audited Results & Interim Dividend
2022-07-25 Quarterly Results
2022-05-13 Audited Results & Dividend
2022-02-01 Quarterly Results
2021-10-25 Quarterly Results & Special Dividend
Date Purpose Remarks
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)
SBI Nifty 50 ETF 151468
SBI S&P BSE Sensex ETF 83302
ICICI Prudential Balanced Advantage Fund Growth 44002
UTI Nifty 50 Exchange Traded Fund 39494
ICICI Prudential Bluechip Fund Growth 34823

About Company

Company Brief

Tech Mahindra (TechM) has built a strong clientele in its 30 years of service. They have grown to become a heritage brand by customizing processes and systems and running the same for their clients. 

They outshine the competition with mastery through technology by combining processes with domain knowledge, automation, and microservice components that are good for re-use. TechM helps its clients strategically edge out the competition by delivering practical and unique solutions.  

TechM is a $6B organization spread over 90 countries with 1,51,100 of the best technical wizards on their payroll. Many of the TechM clients are Fortune 500 companies.

History

The incorporation of Mahindra British Telcom was in 1986. But in 2006, they achieved super success with their initial public issue. TechM earned INR 4.65B, enough to fund a new facility in Pune to house 9000 employees. 

On February 3, 2006, the company received its new name Tech Mahindra Limited, and in June 2008, it became the first Indian IT company to obtain a $7.6M deal from Telecom Fiji.

On July 9, 2009, Mahindra Satyam announced that it had signed a new five-year Support Contract with GlaxoSmithKline (GSK) on behalf of GSK's global companies. 

On November 3, 2009, Tech Mahindra joined with the Swedish defence and security giant Saab to grow their business in India for the global defence and homeland security markets. 

The Unique Identification Authority of India chose Tech Mahindra as one of the primary partners to implement and deliver the Aadhaar programme on July 30, 2010.

Market Capitalisation and Stock Information

Tech Mahindra shares are listed on the MCX Stock Exchange, National Stock Exchange of India Ltd and Mumbai Stock Exchange.

The market cap stands at INR 97,956 Cr. The free-float market cap is INR  62,615.86 as of June 22 2022.

The TTQ or Total Traded Quantity of its stock is 37,96,002 as of June 27 2022.

The Face Value of shares is INR 5 each.

The store is part of the S&P BSE 100 Index.

Shareholding Pattern

● No Of Shares 971833479 (100%)

●  Promoters — 342456428 (35.24%)

●  Foreign Institutions — 332945480 (34.26%)

●  Nationalised Banks Mutual Funds —102967315 (10.6%)

●  Central Govt —1641376 (0.17%)

●  Others—31403424 (3.23%)

●  General Public—87607412 (9.01%)

●  Financial Institutions —72569140 (7.47%)

●  Foreign Promoter—242904 (0.02%)


Corporate Social Responsibility Information

Tech Mahindra sets aside 1.5% of its net profits to fund its CSR initiatives. They contribute to the well-being of the socially and economically backward communities by investing the funds in CSR education initiatives to uplift the underprivileged and the differently-abled. They also assist the youth to better their employment opportunities by upskilling them with market-linked skills. 

Education

In all of its CSR operations, Tech Mahindra Ltd emphasizes employee volunteering. The company's CSR programs strive to reach out to underserved populations with education on three levels as follows:

Education to the underprivileged school children

Tech Mahindra Foundation aspires to improve the quality of school education in India through school improvement programs, capacity building for all stakeholders, and supplementary education.

Empowerment of Women

The Tech Mahindra Foundation seeks to promote the Government of India's youth development goals by imparting marketable skills and helping them connect with the right people for employment. This initiative aims to help dropouts, those with impairments, and others who cannot continue their education because of poverty or any other reason. These initiatives are generally to assist in women's empowerment.

Skill Development in the Young

Tech Mahindra aims to provide higher technical education for the youth in collaboration with other educational institutions engaged in imparting such courses and training programs. 

Financial Information

Top Line

For the financial year 2020-21 the audited reports of Tech Mahindra reflect a rise in revenues by 2.7% and EBITDA margins at 18.1%

Tech Mahindra Financials—top line in USD:

● The revenue shot up to USD 5,111.1M

● The YoY was; down by 1.4% 

● EBITDA is at USD 925.6 M; (Indicating an up of 15.2% YoY;)

●  Margins at 18.1%; (Which are also up by 260bps YoY)

Bottom Line

Tech Mahindra financials the bottom line for the financial year 2020-21 is as follows:

●  Profit after tax (Net profits) at USD 597.8 mn; indicating a rise of 5.5% YoY)

●  Free cash flow at $ 965 mn, conversion to net profits at 162%

Net Worth

The net worth of Tech Mahindra in Cash and Cash Equivalent is USD 1780.9 mn as of March 31, 2021

Tech Mahindra FAQs

What is Share Price of Tech Mahindra ?

Tech Mahindra share price is ₹1074 As on 08 December, 2022 | 18:34

What is the Market Cap of Tech Mahindra ?

The Market Cap of Tech Mahindra is ₹104568.9 Cr As on 08 December, 2022 | 18:34

What is the P/E ratio of Tech Mahindra ?

The P/E ratio of Tech Mahindra is 17.8 As on 08 December, 2022 | 18:34

What is the PB ratio of Tech Mahindra ?

The PB ratio of Tech Mahindra is 3.4 As on 08 December, 2022 | 18:34

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?

CP Gurnani (popularly known as 'CP' by his peers) has been the Managing Director and Chief Executive Officer of Tech Mahindra since May 24, 2012.

How to buy Tech Mahindra Ltd shares?

You can easily buy the shares of Tech Mahindra Ltd . by registering at 5Paisa and setting up a Demat Account in your name.

Q2FY23