Tech Mahindra Share Price
TECHM
Tech Mahindra Share Price Chart
About Tech Mahindra
Tech Mahindra Financials
Market cap ₹1,66,331 Crs | Open ₹1,712.00 | Close ₹1,699.65 |
Circuit range ₹1,869.60 - ₹1,529.70 | Day range ₹1,684.80 - ₹1,725.00 | Year range ₹1,162.95 - ₹1,761.85 |
Volume 22,12,146 | Avg. traded ₹1,701.26 | Revenue (12m) ₹52,291 Crs |
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
52 week high ₹1,761.85 | 52 week low ₹1,162.95 | P/E ratio 46.05 |
P/B ratio 6.19 | ROE 8.93% | ROCE 11.06% |
Dividend yield 2.39% | Debt/Equity ratio | EPS 21.79 |
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Analyst ratings:
Analyst ratings:
53%
Hold
18%
Sell
29%
This analysis is based on the reviews of 38 experts in the last 7 days
Brands by Tech Mahindra
Tech Mahindra Fundamentals
Tech Mahindra Financial Ratios
Operating profit margin8.61% | Net profit margin5.06% |
ROE8.93% | ROA6.11% |
ROCE11.06% |
Quick ratio1.9 | Current ratio1.9 |
Interest coverage11.41 | Asset turnover1.21 |
Debt to Equity0 |
P/E ratio46.05 | P/B ratio6.19 |
EV / EBITDA33.26 | |
Dividend yield2.39% |
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Revenue statement
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Tech Mahindra Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Tue, Nov 19 2024 | ₹1,664.90 | ₹1,699.65 | |
Mon, Nov 18 2024 | ₹1,684.75 | ₹1,660.80 | -1.58% |
Thu, Nov 14 2024 | ₹1,663.00 | ₹1,687.50 | |
Wed, Nov 13 2024 | ₹1,680.00 | ₹1,675.60 | -0.68% |
Tue, Nov 12 2024 | ₹1,710.00 | ₹1,687.00 | -1.01% |
Mon, Nov 11 2024 | ₹1,672.80 | ₹1,704.15 | |
Fri, Nov 8 2024 | ₹1,660.00 | ₹1,681.35 | |
Thu, Nov 7 2024 | ₹1,695.00 | ₹1,651.00 | -2.51% |
Events
Corporate actions
Dividend • ₹28/share
Ex date 19 Jul 2024
Dividend • ₹12/share
Ex date 02 Nov 2023
Dividend • ₹32/share
Ex date 21 Jul 2023
Dividend • ₹18/share
Ex date 09 Nov 2022
Dividend • ₹15/share
Ex date 21 Jul 2022
Dividend • ₹15/share
Ex date 21 Jul 2022
Dividend • ₹15/share
Ex date 02 Nov 2021
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