Analyst Rating
based on 42 analysts
45.24%
Buy
19.05%
Hold
35.71%
Sell
Based on 42 analysts offering long term price targets for Tech Mahindra Ltd. An average target of ₹1490.52
Source: S&P Global Market Intelligence
Tech Mahindra Ltd Share analysis
Tech Mahindra Ltd price forecast by 42 analysts
Downside of
High
₹1810
Target
₹1490.52
Low
₹1005
Tech Mahindra Ltd target price ₹1490.52, a slight downside of -9.75% compared to current price of ₹1605.4. According to 42 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Tech Mahindra Ltd revenue growth forecast
Expected growth rate Q1, FY2026:11.12%
Forecast
Actual
Including amortisation and stock based compensations
Tech Mahindra Ltd EPS growth forecast
EPS estimate Q1, FY2026:142.57%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹1,589₹1,648.1552 Week's Low
52 Week's High
₹1,098.15₹1,670
| Returns % | |
| 1 Month Return | + 3.57 % |
| 3 Month Return | + 20.43 % |
| 1 Year Return | + 28.05 % |
| Market Stats | |
| Previous Close | ₹1,651.55 |
| Open | ₹1,648.15 |
| Volume | 29.30L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,61,556.66Cr |
Key Statistics
| P/E Ratio | 58.03 |
| PEG Ratio | -2.72 |
| Market Cap | ₹1,61,556.66 Cr |
| P/B Ratio | 5.27 |
| EPS | 27.16 |
| Dividend Yield | 3.2 |
| Sector | IT - Software |
| ROE | 8.8 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹1,61,556.66 Cr | 26.08% | 0.55 | ₹2,396 Cr | ₹51,995 Cr | |
| HOLD | ₹1,91,201.96 Cr | 61.42% | 0.54 | ₹4,584 Cr | ₹35,517 Cr | |
| ₹2,88,711.80 Cr | 25.18% | 0.57 | ₹11,112 Cr | ₹89,760 Cr | ||
| HOLD | ₹4,92,191.01 Cr | 48.54% | 0.53 | ₹15,710 Cr | ₹1,09,913 Cr | |
| BUY | ₹16,30,183.60 Cr | 22.14% | 0.54 | ₹46,099 Cr | ₹2,40,893 Cr |
Company Information
The company operates in several lines of business, such as enterprise business solutions, digital transformation, IT services, network services, and business process outsourcing. Its top products include enterprise mobility solutions, cloud computing solutions, analytics, and big data solutions.
Tech Mahindra is well-known for its popular brands such as Mahindra Comviva, Mahindra Satyam, and Mahindra Aerospace. It also has strategic partnerships with world-renowned companies such as Microsoft, Oracle, and HP. The company also provides a wide range of services including managed services, application development, and system integration.
Share Price: ₹1605.40 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹1,61,556.66Cr as of today
Revenue: ₹13,005.50Cr as on June 2024 (Q2 24)
Net Profit: ₹864.80Cr as on June 2024 (Q2 24)
Listing date: 28 Aug, 2006
Chairperson Name: Anand Mahindra
| Organisation | Tech Mahindra Ltd |
| Headquarters | Pune |
| Industry | IT - Software |
| E-voting on shares | Click here to vote |
Key events for Tech Mahindra Ltd
Nifty IT Declines Ahead of Fed Meeting - 18 Sep, 2024
On September 18, the Nifty IT index dropped nearly 3%, affecting major IT stocks, including Tech Mahindra, as investors awaited the Fed meeting outcome.
Tech Mahindra Among Key Dividend Yield Companies - 16 Sep, 2024
Tech Mahindra Ltd is highlighted as one of the key companies in the IT sector, offering around a 2% dividend yield over the last 12 months, alongside other notable firms.
Tech Mahindra Partners with Jamia for Digital Skills - 15 Sep, 2024
Tech Mahindra Foundation has collaborated with Jamia Millia Islamia to launch SMART Academy, offering short-term courses in digital technologies and entrepreneurship.
Tech Mahindra Partners with FIDE for Chess Olympiad - 10 Sep, 2024
Tech Mahindra has partnered with FIDE as the General Sponsor for the 45th Chess Olympiad in Budapest. This collaboration aims to promote chess globally, building on previous initiatives like the Global Chess League and innovative digital experiences.
Tech Mahindra Faces Skepticism Despite Profit Increase - 09 Sep, 2024
Tech Mahindra's Q1 FY25 consolidated net profit rises, yet skepticism persists as 27 brokerages recommend Hold or Sell, citing execution risks and technical weaknesses.
Tech Mahindra Earnings Growth Outpaces Market Average - 05 Sep, 2024
Tech Mahindra Limited is expected to see impressive earnings growth of 29.1% annually, driven by strategic partnerships and innovations, despite moderate revenue growth forecasts.
Citi Maintains Sell Rating on Tech Mahindra - 03 Sep, 2024
Citi has reiterated a Sell rating on Tech Mahindra, setting a target price of Rs 1,260. The brokerage cites challenging growth conditions, despite some improvement in the BFSI sector and better performance in communications and media. Valuations are considered high at 25x FY26E EPS, indicating limited upside potential.
Tech Mahindra Exhibits Strong Bullish Momentum - 02 Sep, 2024
Tech Mahindra demonstrates a strong bullish trend with earnings projected to grow at 29.1% annually. The stock is well-supported by moving averages, with potential price targets between Rs 1,705 and Rs 1,800.
Tech Mahindra Faces Downgrade with Target Price Set - 30 Aug, 2024
Prabhudas Lilladher has downgraded Tech Mahindra with a target price of Rs 1340, while the current market price is Rs 1642.25. The company reported a decline in total income for the quarter ended June 30, 2024, alongside a net profit of Rs 862.20 crore.
Tech Mahindra Partners with Marshall for Aerospace Advancements - 29 Aug, 2024
Tech Mahindra has entered a partnership with UK-based Marshall Group to enhance aerospace and defense engineering, focusing on aircraft design, MRO technologies, and hydrogen fuel systems.
Tech Mahindra Shows Bullish Momentum - 27 Aug, 2024
Tech Mahindra has experienced a downward consolidation breakout, indicating increased optimism. The stock's price rise is supported by higher volume and a bullish RSI crossover, with potential movement towards Rs 1,750 and support at Rs 1,593.
Tech Mahindra Shares Surge on New Business Plan - 22 Aug, 2024
Tech Mahindra's stock rose 7.43% following the announcement of a three-year business plan. Analysts at HSBC praised the plan and found the company's valuation attractive compared to peers.
CLSA Downgrades Tech Mahindra Amid Valuation Concerns - 21 Aug, 2024
Tech Mahindra's stock was downgraded by CLSA to 'Hold' with a target price of Rs 1,670, citing valuation concerns and challenges in the telecom sector. Despite a strong performance in 2024, analysts expect near-term difficulties, particularly in telecom verticals, and lack of significant cost optimization deals.
Tech Mahindra Hits 52-Week High After Land Sale - 20 Aug, 2024
Tech Mahindra's shares reached a 52-week high of Rs 1,634.25 after the board approved selling 103 acres of land to Mahindra University for Rs 535 crore, payable in tranches over four years with interest.
Insights on Tech Mahindra Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTProfit Spike
Netprofit is up for the last 4 quarters, 493.9 Cr → 851.5 Cr (in ₹), with an average increase of 16.1% per quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 14.00% to 15.27% in Jun 2024 quarter
- POSITIVE IMPACT
Price Rise
In the last 3 years, TECHM stock has moved up by 15.4%
NO EFFECTAgainst Peers
In the last 1 year, HCL Technologies Ltd has given 39.0% return, outperforming this stock by 10.9%
- NO EFFECT
Against Peers
In the last 3 years, HCL Technologies Ltd has given 42.1% return, outperforming this stock by 26.7%
NEGATIVE IMPACTPromoter Holding Down
Promoters have decreased holdings from 35.09% to 35.05% in Jun 2024 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 11.07% to 10.75% in Jun 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 13.25K Cr → 13.15K Cr (in ₹), with an average decrease of 0.7% per quarter
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 24.15% to 23.28% in Jun 2024 quarter
Tech Mahindra Ltd Infographics
Tech Mahindra Ltd Q3 FY2023-2024 Results: Key Insights
Global economic slowdown continues to pressure Tech Mahindra
News
Prodapt Appoints Manish Vyas as CEO & MD
Prodapt elevates Manish Vyas as its Managing Director and Chief Executive Officer, leveraging his experience from Tech Mahindra to drive AI-first solutions.31 Jul, 2024 08:53 PMIndian IT services companies delay wage hikes again, irk employees
While Wipro, HCLTech, Tech Mahindra and LTIMindtree are yet to decide on wage hikes, Infosys, which had given FY23 in last November as against the usual June, isn't thinking about FY24 hikes yet.01 Aug, 2024 06:00 AMTech Mahindra Share Price Live blog for 01 Aug 2024
Tech Mahindra Share Price Today Live Updates : Tech Mahindra stock price went up today, 01 Aug 2024, by 0.96 %. The stock closed at 1539.05 per share. The stock is currently trading at 1553.9 per share. Investors should monitor Tech Mahindra stock price closely in the coming days and weeks to see how it reacts to the news.01 Aug, 2024 08:01 AMCompany Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 35.05% | ||
| Foreign Institutions | 23.28% | ||
| Mutual Funds | 15.27% | 9.05 | |
| Retail Investors | 10.75% | ||
| Others | 15.65% |
Key Indicators
Tech Mahindra Ltd Valuation
Tech Mahindra Ltd in the last 5 years
Lowest (9.79x)
March 23, 2020
Industry (40.93x)
September 17, 2024
Today (58.03x)
September 17, 2024
Highest (58.19x)
September 13, 2024
Earnings and Dividends
Tech Mahindra Ltd Earnings Results
Tech Mahindra Ltd’s net profit jumped 22.96% since last year same period to ₹851.50Cr in the Q1 2024-2025. On a quarterly growth basis, Tech Mahindra Ltd has generated 28.82% jump in its net profits since last 3-months.
Read More about Earnings ResultsTech Mahindra Ltd Dividends April,2024
In the quarter ending March 2024, Tech Mahindra Ltd has declared dividend of ₹28 - translating a dividend yield of 4.36%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Tech Mahindra Ltd is currently in a Bullish trading position according to technical analysis indicators.
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Tech Mahindra Ltd (TECHM) share price today is ₹1605.4
Tech Mahindra Ltd is listed on NSE
Tech Mahindra Ltd is listed on BSE
- Today’s highest price of Tech Mahindra Ltd is ₹1648.15.
- Today’s lowest price of Tech Mahindra Ltd is ₹1589.
PE Ratio of Tech Mahindra Ltd is 58.03
PE ratio = Tech Mahindra Ltd Market price per share / Tech Mahindra Ltd Earnings per share
Today’s traded volume of Tech Mahindra Ltd(TECHM) is 29.30L.
Today’s market capitalisation of Tech Mahindra Ltd(TECHM) is ₹161556.66Cr.
| Tech Mahindra Ltd(TECHM | Price |
|---|---|
52 Week High | ₹1670 |
52 Week Low | ₹1098.15 |
Tech Mahindra Ltd(TECHM) share price is ₹1605.4. It is down -3.87% from its 52 Week High price of ₹1670
Tech Mahindra Ltd(TECHM) share price is ₹1605.4. It is up 46.19% from its 52 Week Low price of ₹1098.15
| Tech Mahindra Ltd(TECHM | Returns |
|---|---|
1 Day Returns | -46.15% |
1 Month Returns | 3.57% |
3 Month Returns | 20.43% |
1 Year Returns | 28.05% |