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39% Buy

Tech Mahindra Share Price

TECHM

₹1,499.05-₹6.00 (-0.4%) TodayLast updated on 15 Jul, 2024 | 15:53 IST
₹1,492.00₹1,527.50
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  • Company overview

  • Fundamentals

  • Events

  • F&O (Option chain)

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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,47,176 Crs

Open

₹1,520.10

Close

₹1,505.05

Circuit range

₹1,655.55 - ₹1,354.55

Day range

₹1,492.00 - ₹1,527.50

Year range

₹1,082.30 - ₹1,527.50

Volume

23,74,623

Avg. traded

₹1,503.48

Revenue (12m)

₹51,996 Crs

Tech Mahindra

Tech Mahindra Limited is a leading multinational tech solutions and business process services provider. It specialises in information technology and consulting services. The company is a part of the global conglomerate Mahindra Group. The market capitalisation of Tech Mahindra stood at over ₹1.26 lakh crore as of December 18, 2023. Tech Mahindra share price has surged over 38% in the last three years.

Mahindra & Mahindra entered into a joint venture with British Telecom in 1986. This led to the establishment of a technology outsourcing company known as Tech Mahindra. Initially, British Telecom held approximately 30% stake in Tech Mahindra. There were gradual shifts in ownership over the years. British Telecom ended its ownership by selling its remaining 9.1% stake in December 2012.

Tech Mahindra specialises in IT solutions for the telecommunication sector. The company caters to clients across the global telecom industry. The client base of the company includes telecom service providers, telecom equipment manufacturers and independent software vendors. The company also offers business process outsourcing (BPO) services.

Business operations

Tech Mahindra serves its diverse client base with a workforce of over 1,48,000 employees and contractual workers spread in more than 90 countries. The employees assist around 1,250 global clients, which also include Fortune 500 companies. Their core strength lies in leveraging cutting-edge technologies like 5G, metaverse, blockchain, quantum computing, cybersecurity and artificial intelligence (AI).

Tech Mahindra has achieved many milestones in its nearly four-decade long journey. The acquisition of Satyam Computers in 2009 marked a significant development for Tech Mahindra. Tech Mahindra hit the global headlines when it became the official IT partner and sponsor for the 2010 FIFA World Cup.

The IT services arm of the Mahindra Group ranked 5th among India's software services firms and an overall 111 on the Fortune India 500 list in 2012. The year 2014 witnessed another significant milestone as Tech Mahindra acquired Lightbridge Communications Corporation (LCC), the largest independent telecom services company globally. Lightbridge had operations across more than 50 countries.

Tech Mahindra increased its portfolio in March 2021. It acquired ThoughtSpot, a US-based business intelligence analytics company.

In October 2022 , Tech Mahindra acquired Upendra Singh Multi Transmission Private Limited. This strategic move allowed the company to secure access to 1.5 MW of solar energy to power its facilities located in Noida. Tech Mahindra collaborated with Anyverse in 2023 to jointly develop autonomous technology for the automotive sector.

Financial Highlights

The consolidated revenue from operations for FY 2022-23 stood at ₹53,290 crore, up 19.4% compared to ₹44,646 crore in FY 2021-22. The company reported a profit after tax of ₹4,831 crore in FY23, down 13.2% year-on-year compared to ₹5,566 crore in FY22. EBITDA stood at ₹8,029 crore as against ₹ 8,020 crore in FY22. Tech Mahindra Ltd. made a total capital expenditure of ₹47,455 crore in FY23. The operating profit margin dropped to 15.1% from 18% in the previous financial year. The earnings per share (EPS) dropped to ₹54.56 in FY23 compared to ₹63.32 in the last financial year.

Tech Mahindra Key indicators

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52 week high

₹1,527.50

52 week low

₹1,082.30

P/E ratio

56.59

P/B ratio

5.57

ROE

8.93%

ROCE

11.06%

Dividend yield

2.66%

Debt/Equity ratio

EPS

21.79

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Investment checklist: (3/6)

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

39%

Hold

25%

Sell

36%

This analysis is based on the reviews of 33 experts in the last 7 days

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TECHM

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

8.61%

Net profit margin

5.06%

ROE

8.93%

ROA

6.11%

ROCE

11.06%

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Tech Mahindra Shareholder returns

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1 day

+3.04%

1 week

+2.99%

1 month

+9.81%

3 months

+21.17%

1 year

+29.81%

3 years

+42.44%

5 years

+126.05%

Tech Mahindra Share Price history

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DayOpenCloseDay’s change
Fri, Jul 12 2024
₹1,475.00
₹1,505.05
+3.04%
Thu, Jul 11 2024
₹1,476.00
₹1,460.60
-0.19%
Wed, Jul 10 2024
₹1,472.10
₹1,463.35
-0.16%
Tue, Jul 9 2024
₹1,466.00
₹1,465.75
-0.13%
Mon, Jul 8 2024
₹1,461.35
₹1,467.60
+0.43%
Fri, Jul 5 2024
₹1,467.00
₹1,461.35
+0.15%
Thu, Jul 4 2024
₹1,482.00
₹1,459.15
-1.40%
Wed, Jul 3 2024
₹1,479.95
₹1,479.80
+0.52%

Shareholding info

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Promoters (35.09%)

Mutual Funds (14%)

Retail and other (11.17%)

Foreign institutions-FII (24.15%)

Other domestic institutions (15.59%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹28/share

    Ex date 19 Jul 2024

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  • Dividend • ₹12/share

    Ex date 02 Nov 2023

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  • Dividend • ₹32/share

    Ex date 21 Jul 2023

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  • Dividend • ₹18/share

    Ex date 09 Nov 2022

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  • Dividend • ₹15/share

    Ex date 21 Jul 2022

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  • Dividend • ₹15/share

    Ex date 21 Jul 2022

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  • Dividend • ₹15/share

    Ex date 02 Nov 2021

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Frequently asked questions