Tech Mahindra Share Price Target 2024-2030 Fundamentals & Quarterly Results

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 Share Price Target

Tech Mahindra Overview

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 NameTech Mahindra Ltd
Listed atNSE & BSE
Head OfficeGateway Building , Apollo Bunder, Mumbai – 400001, Maharashtra.
Board Of Directors
  • Mr.Tarun Bajaj Additional Director
  • Mr.Anand G Mahindra Chairman
  • Dr.Mukti Khaire Independent Director
  • Mrs.M Rajyalakshmi Rao Independent Director
  • Ms.Penelope Fowler Independent Director
  • Ms.Shikha Sharma Independent Director
  • Mr.Haigreve Khaitan Independent Director
  • Mr.Neelam Dhawan Independent Director
  • Mr.T N Manoharan Lead Independent Director
  • Mr.Mohit Joshi Managing Director & CEO
  • Mr.Amarjyoti Barua Non Executive Director
  • Dr.Anish Shah Non Executive Director
Official Websitetechmahindra.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/E62.9
Book Value₹ 273
Dividend Yield2.47%
ROCE11.9%
ROE8.63%
Face Value₹ 5.00
FCF Previous Ann₹ 4,603 Cr.
Debt to Equity0.10
Debt (Preceding Year)₹ 2,740 Cr.
Reserves₹ 26,228 Cr.
Quick Ratio1.63
Current Ratio1.64
Free Cash Flow₹ 5,639 Cr.
PEG Ratio-5.60
Piotroski Score6.00
Pledged Percentage0.00%
Interest Coverage11.0
Debt (3 Years Back)₹ 2,901 Cr.
Graham Number₹ 398
Debt₹ 2,537 Cr.
Volume16,69,697

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Tech Mahindra Quarterly Results

QuarterJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales +12,70813,13013,73513,71813,15912,86413,10112,87113,006
Expenses +10,82811,18511,60011,91511,82111,95011,95511,77211,441
Operating Profit1,8801,9442,1351,8031,3389141,1461,0991,564
OPM %15%15%16%13%10%7%9%9%12%
Other Income +12229024730620026492380147
Interest407911393120981165872
Depreciation477492498490447466443461462
Profit before tax1,4861,6641,7711,5259716156799591,178
Tax %23%22%27%26%28%18%23%31%27%
Net Profit +1,1481,2991,2851,125704505524664865
EPS in Rs11.6413.2113.3211.477.105.065.236.778.71

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CAGR Report

10 Years5 Years3 YearsTTM / 1 Year
Compounded Sales Growth11%8%11%-4%
Compounded Profit Growth-2%-11%-19%-43%
Stock Price CAGR11%18%4%33%
Return on Equity18%17%16%9%

Tech Mahindra Shareholding Pattern

CategoryMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Jun 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 Shareholders4,30,9634,83,7744,55,6645,30,9217,31,4539,36,5348,48,4848,26,284

Tech Mahindra Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-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

TECH MAHINDRA Share Price Target 2025

MonthTarget
January₹2060
February₹2101
March₹2143
April₹2072
May₹2003
June₹1936
July₹2013
August₹2094
September₹2178
October₹2222
November₹2266
December₹2311

TECH MAHINDRA Share Price Target 2026

MonthTarget
January₹2357
February₹2404
March₹2452
April₹2370
May₹2291
June₹2215
July₹2304
August₹2396
September₹2492
October₹2542
November₹2593
December₹2645

TECH MAHINDRA Share Price Target 2027

MonthTarget
January₹2698
February₹2752
March₹2807
April₹2714
May₹2624
June₹2537
July₹2638
August₹2744
September₹2854
October₹2911
November₹2969
December₹3028

TECH MAHINDRA Share Price Target 2028

MonthTarget
January₹3089
February₹3151
March₹3214
April₹3107
May₹3004
June₹2904
July₹3020
August₹3141
September₹3267
October₹3332
November₹3399
December₹3467

TECH MAHINDRA Share Price Target 2029

MonthTarget
January₹3536
February₹3607
March₹3679
April₹3556
May₹3438
June₹3324
July₹3457
August₹3595
September₹3739
October₹3814
November₹3890
December₹3968

TECH MAHINDRA Share Price Target 2030

MonthTarget
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

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