Tech Mahindra Ltd

Tech Mahindra Ltd

₹ 1,374 0.23%
19 Jun 9:18 a.m.
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 1,34,328 Cr.
  • Current Price 1,374
  • High / Low 1,416 / 1,082
  • Stock P/E 57.0
  • Book Value 273
  • Dividend Yield 2.92 %
  • ROCE 11.9 %
  • ROE 8.64 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 96.0%
  • Debtor days have improved from 78.6 to 50.0 days.

Cons

  • The company has delivered a poor sales growth of 8.40% 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
9,730 10,198 10,881 11,451 12,116 12,708 13,130 13,735 13,718 13,159 12,864 13,101 12,871
7,832 8,321 8,887 9,392 10,028 10,828 11,185 11,600 11,915 11,821 11,950 11,955 11,772
Operating Profit 1,897 1,876 1,994 2,059 2,088 1,880 1,944 2,135 1,803 1,338 914 1,146 1,099
OPM % 20% 18% 18% 18% 17% 15% 15% 16% 13% 10% 7% 9% 9%
33 287 282 223 324 122 290 247 306 200 264 92 380
Interest 42 38 35 34 55 40 79 113 93 120 98 116 58
Depreciation 344 331 343 362 484 477 492 498 490 447 466 443 461
Profit before tax 1,544 1,794 1,898 1,886 1,873 1,486 1,664 1,771 1,525 971 615 679 959
Tax % 32% 24% 29% 27% 18% 23% 22% 27% 26% 28% 18% 23% 31%
1,044 1,366 1,341 1,378 1,545 1,148 1,299 1,285 1,125 704 505 524 664
EPS in Rs 11.17 13.97 13.81 14.10 15.49 11.64 13.21 13.32 11.47 7.10 5.06 5.23 6.77
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6,873 18,802 22,621 26,494 29,141 30,773 34,742 36,868 37,855 44,646 53,290 51,996
5,451 14,630 18,428 22,234 24,956 26,063 28,471 31,365 31,059 36,626 45,527 47,489
Operating Profit 1,422 4,172 4,193 4,260 4,184 4,710 6,271 5,503 6,796 8,020 7,763 4,506
OPM % 21% 22% 19% 16% 14% 15% 18% 15% 18% 18% 15% 9%
-141 244 106 453 775 1,417 534 1,192 788 1,115 965 927
Interest 103 80 69 97 129 162 133 192 174 163 326 392
Depreciation 200 522 611 759 978 1,085 1,129 1,446 1,458 1,520 1,957 1,817
Profit before tax 978 3,815 3,618 3,857 3,853 4,879 5,543 5,058 5,953 7,452 6,446 3,224
Tax % 24% 20% 27% 22% 26% 22% 23% 23% 27% 24% 25% 26%
1,307 3,062 2,659 3,027 2,851 3,786 4,289 3,897 4,353 5,630 4,857 2,397
EPS in Rs 25.13 32.44 27.35 30.92 28.88 38.78 43.70 41.76 45.73 57.27 49.60 24.14
Dividend Payout % 5% 15% 22% 35% 28% 33% 29% 32% 89% 47% 91% 150%
Compounded Sales Growth
10 Years: 11%
5 Years: 8%
3 Years: 11%
TTM: -2%
Compounded Profit Growth
10 Years: -2%
5 Years: -11%
3 Years: -18%
TTM: -51%
Stock Price CAGR
10 Years: 11%
5 Years: 13%
3 Years: 9%
1 Year: 24%
Return on Equity
10 Years: 18%
5 Years: 17%
3 Years: 16%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 128 234 480 436 439 442 444 436 437 439 440 441
Reserves 5,298 8,948 11,768 14,155 15,998 18,401 19,841 21,377 24,428 26,447 27,484 26,228
1,380 363 700 1,091 1,366 2,397 1,996 3,670 2,901 2,618 2,740 2,537
2,178 6,394 6,899 6,843 8,254 9,192 11,166 11,834 11,836 14,911 15,162 14,218
Total Liabilities 8,984 15,940 19,848 22,525 26,057 30,431 33,446 37,318 39,602 44,416 45,827 43,424
1,245 2,594 4,033 4,309 6,460 7,622 7,061 8,872 9,018 14,784 14,932 13,935
CWIP 34 266 568 629 373 240 276 50 118 165 120 101
Investments 4,099 1,472 2,103 1,297 2,396 4,841 7,342 5,848 10,238 4,884 3,388 3,238
3,607 11,607 13,145 16,289 16,828 17,728 18,766 22,548 20,228 24,583 27,388 26,150
Total Assets 8,984 15,940 19,848 22,525 26,057 30,431 33,446 37,318 39,602 44,416 45,827 43,424

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
855 1,596 2,448 3,137 4,071 3,554 4,432 4,358 8,094 5,285 5,572 6,376
-622 291 -1,865 -1,453 -2,893 -3,319 -2,104 1,081 -5,433 480 -226 -1,314
65 -972 -829 -496 -1,571 -269 -2,251 -4,466 -2,987 -4,667 -5,078 -4,767
Net Cash Flow 298 915 -246 1,188 -392 -35 77 974 -326 1,098 267 296

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 90 84 84 80 67 77 73 75 87 98 88 50
Inventory Days
Days Payable
Cash Conversion Cycle 90 84 84 80 67 77 73 75 87 98 88 50
Working Capital Days 24 47 64 69 67 53 37 60 42 43 40 55
ROCE % 19% 45% 32% 27% 23% 24% 25% 22% 23% 26% 22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
35.73% 35.70% 35.67% 35.26% 35.24% 35.21% 35.19% 35.17% 35.15% 35.13% 35.10% 35.08%
36.15% 35.55% 35.36% 34.27% 30.43% 28.20% 27.95% 26.87% 25.69% 26.22% 24.58% 24.15%
16.50% 16.90% 17.22% 18.05% 20.73% 23.61% 23.73% 25.68% 26.86% 27.03% 28.91% 29.42%
0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17%
11.44% 11.67% 11.58% 12.25% 13.43% 12.81% 12.93% 12.07% 12.11% 11.44% 11.22% 11.16%
0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 5,45,6135,90,4506,09,6407,31,4538,89,6069,73,2079,92,2389,36,5349,29,8278,85,5908,67,3738,48,484

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls