Tech Mahindra Ltd

₹ 1,009 0.15%
30 Sep - close price
About

Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries.[1]

Key Points

Services Offerings
The company offers a wide range of services e.g. infrastructure & cloud services, engineering services, application services, data analytics, network services, testing services, performance engineering, Security & risk management services, business process services, product engineering, consulting, etc. [1]

  • Market Cap 98,153 Cr.
  • Current Price 1,009
  • High / Low 1,838 / 944
  • Stock P/E 18.4
  • Book Value 277
  • Dividend Yield 1.49 %
  • ROCE 26.6 %
  • ROE 21.5 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 64.1%

Cons

  • The company has delivered a poor sales growth of 8.91% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
8,653 9,070 9,655 9,490 9,106 9,372 9,647 9,730 10,198 10,881 11,451 12,116 12,708
7,347 7,569 8,091 8,360 7,806 7,669 7,752 7,832 8,321 8,887 9,392 10,028 10,828
Operating Profit 1,306 1,501 1,563 1,130 1,300 1,703 1,896 1,897 1,876 1,994 2,059 2,088 1,880
OPM % 15% 17% 16% 12% 14% 18% 20% 20% 18% 18% 18% 17% 15%
341 217 350 287 416 118 221 33 287 282 223 324 122
Interest 45 38 55 53 50 40 42 42 38 35 34 55 40
Depreciation 321 342 385 398 383 372 358 344 331 343 362 484 477
Profit before tax 1,281 1,338 1,474 966 1,283 1,409 1,716 1,544 1,794 1,898 1,886 1,873 1,486
Tax % 26% 17% 25% 25% 26% 25% 25% 32% 24% 29% 27% 18% 23%
Net Profit 949 1,111 1,111 726 956 1,063 1,290 1,044 1,366 1,341 1,378 1,545 1,148
EPS in Rs 9.95 11.65 11.87 8.32 10.06 11.01 13.54 11.17 13.97 13.81 14.10 15.49 11.64
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
5,140 5,490 6,873 18,802 22,621 26,494 29,141 30,773 34,742 36,868 37,855 44,646 47,156
3,721 4,572 5,451 14,630 18,428 22,234 24,956 26,063 28,471 31,365 31,059 36,626 39,134
Operating Profit 1,419 918 1,422 4,172 4,193 4,260 4,184 4,710 6,271 5,503 6,796 8,020 8,022
OPM % 28% 17% 21% 22% 19% 16% 14% 15% 18% 15% 18% 18% 17%
-287 30 -141 244 106 453 775 1,417 534 1,192 788 1,115 952
Interest 111 103 103 80 69 97 129 162 133 192 174 163 165
Depreciation 144 161 200 522 611 759 978 1,085 1,129 1,446 1,458 1,520 1,666
Profit before tax 877 685 978 3,815 3,618 3,857 3,853 4,879 5,543 5,058 5,953 7,452 7,143
Tax % 15% 21% 24% 20% 27% 22% 26% 22% 23% 23% 27% 24%
Net Profit 646 1,099 1,307 3,062 2,659 3,027 2,851 3,786 4,289 3,897 4,353 5,630 5,412
EPS in Rs 12.79 21.48 25.13 32.44 27.35 30.92 28.88 38.78 43.70 41.76 45.73 57.27 55.04
Dividend Payout % 8% 5% 5% 15% 22% 35% 28% 33% 29% 32% 89% 71%
Compounded Sales Growth
10 Years: 23%
5 Years: 9%
3 Years: 9%
TTM: 21%
Compounded Profit Growth
10 Years: 17%
5 Years: 15%
3 Years: 9%
TTM: 13%
Stock Price CAGR
10 Years: 15%
5 Years: 17%
3 Years: 13%
1 Year: -26%
Return on Equity
10 Years: 22%
5 Years: 20%
3 Years: 20%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
126 128 128 234 480 436 439 442 444 436 437 439
Reserves 3,225 3,923 5,297 8,947 11,768 14,154 15,996 18,399 19,839 21,376 24,423 26,446
1,223 1,127 1,380 363 700 1,091 1,366 2,397 1,996 3,670 2,901 2,618
1,481 1,758 2,179 6,396 6,899 6,844 8,256 9,194 11,168 11,835 11,841 14,912
Total Liabilities 6,055 6,935 8,984 15,940 19,848 22,525 26,057 30,431 33,446 37,318 39,602 44,416
617 682 1,245 2,594 4,033 4,309 6,460 7,622 7,061 8,872 9,018 14,784
CWIP 61 167 34 266 568 629 373 240 276 50 118 165
Investments 2,908 3,588 4,099 1,472 2,103 1,297 2,396 4,841 7,342 5,848 10,238 4,884
2,470 2,498 3,607 11,607 13,145 16,289 16,828 17,728 18,766 22,548 20,228 24,583
Total Assets 6,055 6,935 8,984 15,940 19,848 22,525 26,057 30,431 33,446 37,318 39,602 44,416

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
464 712 855 1,596 2,448 3,137 4,071 3,554 4,432 4,358 8,094 5,285
-133 -420 -622 291 -1,865 -1,453 -2,893 -3,319 -2,104 1,081 -5,433 480
-287 -317 65 -972 -829 -496 -1,571 -269 -2,251 -4,466 -2,987 -4,667
Net Cash Flow 44 -26 298 915 -246 1,188 -392 -35 77 974 -326 1,098

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 74 88 90 84 84 80 67 77 73 75 87 98
Inventory Days
Days Payable
Cash Conversion Cycle 74 88 90 84 84 80 67 77 73 75 87 98
Working Capital Days 54 45 24 47 64 69 67 53 37 60 42 43
ROCE % 29% 18% 19% 46% 33% 28% 24% 25% 26% 22% 23% 27%

Shareholding Pattern

Numbers in percentages

12 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
35.88 35.87 35.85 35.83 35.82 35.79 35.76 35.73 35.70 35.67 35.26 35.24
37.75 39.75 39.67 39.62 37.96 39.05 38.32 36.15 35.55 35.36 34.27 30.43
14.21 12.94 13.20 13.03 14.23 13.54 14.39 16.50 16.90 17.22 18.05 20.73
0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17
11.98 11.26 11.11 11.34 11.82 11.45 11.36 11.44 11.67 11.58 12.25 13.43
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00

Documents

Concalls