Tech Mahindra Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results –Tech Mahindra is an IT and consulting firm which has its base in India. It provides a host of technological solutions and services besides offering business process services. Its segments include Information Technology and Business Processing Outsourcing. The IT solutions also include cloud software, mobile solutions, network services, cyber security and various other solutions for companies.
Tech Mahindra Overview
Contents
Tech Mahindra (NSE: TECHM) belongs to the Mahindra Group, which was established in 1945 and has grown into one of the biggest and most respected international conglomerates.
Company Name | Tech Mahindra Ltd |
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Listed at | NSE & BSE |
Head Office | Gateway Building , Apollo Bunder, Mumbai – 400001, Maharashtra. |
Board Of Directors |
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Official Website | techmahindra.com |
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Tech Mahindra Business Profile
The fundamental activities of the firm pertain to digital transformation, consulting and business re-engineering. It provides services in areas like – strategy consulting, cloud consulting, digital supply chain, application services, intelligent automation, testing services, performance engineering, engineering services, network services, data analytics, artificial intelligence and digital enterprise applications. TechM offers services to a range of industries including Banking and Financial Services, Communications, Energy and Utilities, Healthcare and Life Sciences, Insurance, Manufacturing, Media and Entertainment, Oil and Gas, Retail and Consumer goods, and Travel Transportation Logistics and Hospitality services.
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Global Presence
The organization is spread across the world with over 150,000 employees across more than 90 countries. It has a client base of over 1,200, of which many are reputed fortune 500 companies.
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Revenue Breakup
Segment Wise :
IT Services – 88%
Business Process Outsourcing – 12%
Vertical Wise :
a. Communications – 40%
b. Manufacturing – 16%
c. Banking, Finance & Insurance – 16%
d. Technology, Media & Entertainment – 9%
e. Retail, Transport & Logistics – 8%
f. Others – 11%
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Client Base
According to FY22, the company boasts a workforce of nearly ~1,200 active clients. Its Top 5 clients have generated roughly 22% of the net revenues, the first 10 clients have generated around 31% of the revenues, and the first 20 clients have contributed approximately 43% of the revenues in FY21.
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Merger
The Board of Directors has sanctioned the Amalgamation of Tech Mahindra Business Services Ltd and Born Commerce Private Limited with the Company. In this regard, the Petition has been filed by the Company before the National Company Law Tribunal.
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Acquisitions
In FY22, the Company, through its various wholly owned subsidiaries, purchased a 100% equity interest in DigitalOnUs Inc, Eventus Solutions Group, LLC, Beris Consulting GmbH, Infostar LLC (Lodestone), Brainscale Inc, Activus Connect LLC, and Activus Connect PR LLC, n Green Investments LLC, and Com Tech Co IT Limited. Also, acquired 80% of the equity stake in Geomatic.
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Part of Mahindra Group
The described organization belongs to the Mahindra Group of Companies, which is a worldwide known civil so often referred to as a conglomerate available in over 100 countries. Having a presence in different sectors such as Information Technology, Agriculture, aviation, automotive, consulting, defense, energy, and logistics, hetsher countries also have many more these and others.
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Tech Mahindra Fundamentals, CAGR & Quarterly Results
Market Cap | ₹ 1,58,351 Cr. |
Current Price | ₹ 1,619 |
High / Low | ₹ 1,672 / ₹ 1,089 |
Stock P/E | 62.9 |
Book Value | ₹ 273 |
Dividend Yield | 2.47% |
ROCE | 11.9% |
ROE | 8.63% |
Face Value | ₹ 5.00 |
FCF Previous Ann | ₹ 4,603 Cr. |
Debt to Equity | 0.10 |
Debt (Preceding Year) | ₹ 2,740 Cr. |
Reserves | ₹ 26,228 Cr. |
Quick Ratio | 1.63 |
Current Ratio | 1.64 |
Free Cash Flow | ₹ 5,639 Cr. |
PEG Ratio | -5.60 |
Piotroski Score | 6.00 |
Pledged Percentage | 0.00% |
Interest Coverage | 11.0 |
Debt (3 Years Back) | ₹ 2,901 Cr. |
Graham Number | ₹ 398 |
Debt | ₹ 2,537 Cr. |
Volume | 16,69,697 |
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Tech Mahindra Quarterly Results
Quarter | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
---|---|---|---|---|---|---|---|---|---|
Sales + | 12,708 | 13,130 | 13,735 | 13,718 | 13,159 | 12,864 | 13,101 | 12,871 | 13,006 |
Expenses + | 10,828 | 11,185 | 11,600 | 11,915 | 11,821 | 11,950 | 11,955 | 11,772 | 11,441 |
Operating Profit | 1,880 | 1,944 | 2,135 | 1,803 | 1,338 | 914 | 1,146 | 1,099 | 1,564 |
OPM % | 15% | 15% | 16% | 13% | 10% | 7% | 9% | 9% | 12% |
Other Income + | 122 | 290 | 247 | 306 | 200 | 264 | 92 | 380 | 147 |
Interest | 40 | 79 | 113 | 93 | 120 | 98 | 116 | 58 | 72 |
Depreciation | 477 | 492 | 498 | 490 | 447 | 466 | 443 | 461 | 462 |
Profit before tax | 1,486 | 1,664 | 1,771 | 1,525 | 971 | 615 | 679 | 959 | 1,178 |
Tax % | 23% | 22% | 27% | 26% | 28% | 18% | 23% | 31% | 27% |
Net Profit + | 1,148 | 1,299 | 1,285 | 1,125 | 704 | 505 | 524 | 664 | 865 |
EPS in Rs | 11.64 | 13.21 | 13.32 | 11.47 | 7.10 | 5.06 | 5.23 | 6.77 | 8.71 |
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CAGR Report
10 Years | 5 Years | 3 Years | TTM / 1 Year | |
---|---|---|---|---|
Compounded Sales Growth | 11% | 8% | 11% | -4% |
Compounded Profit Growth | -2% | -11% | -19% | -43% |
Stock Price CAGR | 11% | 18% | 4% | 33% |
Return on Equity | 18% | 17% | 16% | 9% |
Category | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
---|---|---|---|---|---|---|---|---|
Promoters + | 36.00% | 35.87% | 35.85% | 35.76% | 35.26% | 35.17% | 35.08% | 35.04% |
FIIs + | 38.99% | 38.81% | 39.67% | 38.32% | 34.27% | 26.87% | 24.15% | 23.27% |
DIIs + | 12.45% | 11.66% | 13.20% | 14.39% | 18.05% | 25.68% | 29.42% | 30.66% |
Government + | 0.22% | 0.17% | 0.17% | 0.17% | 0.17% | 0.17% | 0.17% | 0.17% |
Public + | 12.30% | 13.49% | 11.11% | 11.36% | 12.25% | 12.07% | 11.16% | 10.84% |
Others + | 0.04% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
No. of Shareholders | 4,30,963 | 4,83,774 | 4,55,664 | 5,30,921 | 7,31,453 | 9,36,534 | 8,48,484 | 8,26,284 |
Year | Initial Target | Mid-Year Target | Year-End Target |
---|---|---|---|
2024 | ₹1654.5 | ₹1882.5 | ₹2019.3 |
2025 | ₹2060 | ₹1936 | ₹2311 |
2026 | ₹2357 | ₹2215 | ₹2645 |
2027 | ₹2698 | ₹2537 | ₹3028 |
2028 | ₹3089 | ₹2904 | ₹3467 |
2029 | ₹3536 | ₹3324 | ₹3968 |
2030 | ₹4047 | ₹3804 | ₹4541 |
Month | Target |
January | ₹2060 |
February | ₹2101 |
March | ₹2143 |
April | ₹2072 |
May | ₹2003 |
June | ₹1936 |
July | ₹2013 |
August | ₹2094 |
September | ₹2178 |
October | ₹2222 |
November | ₹2266 |
December | ₹2311 |
Month | Target |
January | ₹2357 |
February | ₹2404 |
March | ₹2452 |
April | ₹2370 |
May | ₹2291 |
June | ₹2215 |
July | ₹2304 |
August | ₹2396 |
September | ₹2492 |
October | ₹2542 |
November | ₹2593 |
December | ₹2645 |
Month | Target |
January | ₹2698 |
February | ₹2752 |
March | ₹2807 |
April | ₹2714 |
May | ₹2624 |
June | ₹2537 |
July | ₹2638 |
August | ₹2744 |
September | ₹2854 |
October | ₹2911 |
November | ₹2969 |
December | ₹3028 |
Month | Target |
January | ₹3089 |
February | ₹3151 |
March | ₹3214 |
April | ₹3107 |
May | ₹3004 |
June | ₹2904 |
July | ₹3020 |
August | ₹3141 |
September | ₹3267 |
October | ₹3332 |
November | ₹3399 |
December | ₹3467 |
Month | Target |
January | ₹3536 |
February | ₹3607 |
March | ₹3679 |
April | ₹3556 |
May | ₹3438 |
June | ₹3324 |
July | ₹3457 |
August | ₹3595 |
September | ₹3739 |
October | ₹3814 |
November | ₹3890 |
December | ₹3968 |
Month | Target |
January | ₹4047 |
February | ₹4128 |
March | ₹4211 |
April | ₹4071 |
May | ₹3935 |
June | ₹3804 |
July | ₹3956 |
August | ₹4114 |
September | ₹4279 |
October | ₹4365 |
November | ₹4452 |
December | ₹4541 |
Official Website –techmahindra.com