Tech Mahindra Ltd

About

Tech Mahindra is a leading provider of consulting-led integrated portfolio services to customers which are Telecom Equipment Manufacturers, Telecom Service Providers and IT Infrastructure Service Providers, Business Process Outsourcing Service Providers as well as Enterprise Solutions Services (BFSI, Retail & Logistics, Manufacturing, Energy and Utility (E&U), and Healthcare, Life Sciences, etc.) of Information Technology (IT) and IT-enabled services delivered through a network of multiple locations around the globe. It also provides comprehensive range of IT services, including IT enabled services, application development and maintenance, consulting and enterprise business solutions, extended engineering solutions and infrastructure management services to a diversified base of corporate customers in a wide range of industries including insurance, banking and financial services, manufacturing, telecommunications, transportation and engineering services.

  • Market Cap 84,804 Cr.
  • Current Price 877
  • High / Low 890 / 470
  • Stock P/E 22.0
  • Book Value 245
  • Dividend Yield 1.71 %
  • ROCE 22.4 %
  • ROE 18.5 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 31.29%

Cons

  • The company has delivered a poor growth of 10.26% over past five years.
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
7,776 8,054 8,276 8,630 8,944 8,892 8,653 9,070 9,655 9,490 9,106 9,372
6,511 6,643 6,931 7,024 7,234 7,281 7,347 7,569 8,091 8,360 7,806 7,669
Operating Profit 1,265 1,412 1,345 1,605 1,709 1,612 1,306 1,501 1,563 1,130 1,300 1,703
OPM % 16% 18% 16% 19% 19% 18% 15% 17% 16% 12% 14% 18%
Other Income 225 451 111 175 81 167 341 217 350 287 416 118
Interest 34 53 30 39 36 28 45 38 55 53 50 40
Depreciation 274 299 281 294 284 270 321 342 385 398 383 372
Profit before tax 1,181 1,512 1,145 1,447 1,471 1,480 1,281 1,338 1,474 966 1,283 1,409
Tax % 22% 19% 21% 27% 18% 24% 26% 17% 25% 25% 26% 25%
Net Profit 943 1,231 898 1,064 1,203 1,132 959 1,124 1,146 804 972 1,065
EPS in Rs 9.63 12.56 9.16 10.85 12.26 11.52 9.95 11.65 11.87 8.32 10.06 11.01
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
4,465 4,625 5,140 5,490 6,873 18,802 22,621 26,494 29,141 30,773 34,742 36,868 37,623
3,246 3,495 3,721 4,572 5,451 14,619 18,428 22,224 24,956 26,063 28,471 31,365 31,926
Operating Profit 1,218 1,131 1,419 918 1,422 4,184 4,193 4,271 4,184 4,710 6,271 5,503 5,697
OPM % 27% 24% 28% 17% 21% 22% 19% 16% 14% 15% 18% 15% 15%
Other Income 26 69 -298 30 -141 233 106 442 775 1,417 534 1,192 1,171
Interest 2 218 100 103 103 80 69 97 129 162 133 192 198
Depreciation 110 134 144 161 200 522 611 759 978 1,085 1,129 1,446 1,538
Profit before tax 1,132 847 877 685 978 3,815 3,618 3,857 3,853 4,879 5,543 5,058 5,132
Tax % 10% 17% 15% 21% 24% 20% 27% 22% 26% 22% 23% 23%
Net Profit 1,014 700 644 1,096 1,288 3,029 2,628 2,993 2,813 3,800 4,298 4,033 3,987
EPS in Rs 20.83 14.32 12.79 21.48 25.13 32.44 27.35 30.92 28.88 38.78 43.70 41.76 41.26
Dividend Payout % 5% 6% 8% 5% 5% 15% 22% 35% 28% 33% 29% 32%
Compounded Sales Growth
10 Years:23%
5 Years:10%
3 Years:8%
TTM:6%
Compounded Profit Growth
10 Years:19%
5 Years:8%
3 Years:11%
TTM:-12%
Stock Price CAGR
10 Years:18%
5 Years:10%
3 Years:23%
1 Year:17%
Return on Equity
10 Years:23%
5 Years:20%
3 Years:20%
Last Year:18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
122 122 126 128 128 234 480 436 439 442 444 436 436
Reserves 1,821 2,764 3,225 3,923 5,297 8,947 11,768 14,154 15,996 18,399 19,839 21,376 23,256
Borrowings 0 2,135 1,806 1,127 1,380 363 700 1,091 1,366 2,397 1,996 2,817 2,892
900 881 887 1,758 2,179 6,396 6,899 6,844 8,256 9,194 11,168 12,689 11,665
Total Liabilities 2,843 5,902 6,045 6,935 8,984 15,940 19,848 22,525 26,057 30,431 33,446 37,318 38,250
498 604 617 682 1,245 2,594 4,033 4,309 6,460 7,622 7,061 8,872 9,072
CWIP 154 119 110 167 34 266 568 629 373 240 276 50 81
Investments 435 3,014 2,908 3,588 4,099 1,472 2,103 1,297 2,396 4,841 7,342 5,848 7,216
1,757 2,164 2,409 2,498 3,607 11,607 13,145 16,289 16,828 17,728 18,766 22,548 21,880
Total Assets 2,843 5,902 6,045 6,935 8,984 15,940 19,848 22,525 26,057 30,431 33,446 37,318 38,250

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1,222 1,450 464 712 855 1,596 2,448 3,137 4,071 3,554 4,432 4,358
-614 -2,986 -133 -420 -622 291 -1,865 -1,453 -2,893 -3,319 -2,104 1,081
-164 1,222 -287 -317 65 -972 -829 -496 -1,571 -269 -2,251 -4,466
Net Cash Flow 444 -314 44 -26 298 915 -246 1,188 -392 -35 77 974

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 71% 31% 27% 17% 19% 46% 33% 28% 24% 25% 26% 22%
Debtor Days 74 82 89 88 90 84 84 80 67 77 73 75
Inventory Turnover 24.60 33.56 52.40 188.00 12.80 14.31 8.80 5.21 3.71 3.07 2.82 3.70

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
36.01 36.00 35.98 35.96 35.94 35.87 35.90 35.88 35.87 35.85 35.83 35.82
37.63 38.99 38.65 39.16 38.54 38.81 38.94 37.75 39.75 39.67 39.62 37.96
13.23 12.45 12.84 12.44 12.78 11.66 11.86 14.21 12.94 13.20 13.03 14.23
0.22 0.22 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17
12.86 12.30 12.33 12.24 12.54 13.49 13.12 11.98 11.26 11.11 11.34 11.82
0.05 0.04 0.04 0.04 0.04 0.01 0.01 0.01 0.01 0.01 0.01 0.01

Documents

Add document