Tech Mahindra Ltd

Tech Mahindra Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tech Mahindra Ltd

₹ 1,796 0.38%
13 Dec - close price
techmahindra.com BSE: 532755 NSE: TECHM
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]

Website BSE NSE
  • Market Cap ₹ 1,75,813 Cr.
  • Current Price ₹ 1,796
  • High / Low ₹ 1,808 / 1,163
  • Stock P/E 53.7
  • Book Value ₹ 270
  • Dividend Yield 2.23 %
  • ROCE 11.9 %
  • ROE 8.63 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 96.0%

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.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Large

Part of Nifty100 ESG Nifty Total Market BSE 500 Nifty 500 Nifty200 Quality 30

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
10,881 11,451 12,116 12,708 13,130 13,735 13,718 13,159 12,864 13,101 12,871 13,006 13,313
8,887 9,392 10,028 10,828 11,185 11,600 11,915 11,821 11,950 11,955 11,772 11,441 11,563
Operating Profit 1,994 2,059 2,088 1,880 1,944 2,135 1,803 1,338 914 1,146 1,099 1,564 1,750
OPM % 18% 18% 17% 15% 15% 16% 13% 10% 7% 9% 9% 12% 13%
282 223 324 122 290 247 306 200 264 92 380 147 522
Interest 35 34 55 40 79 113 93 120 98 116 58 72 89
Depreciation 343 362 484 477 492 498 490 447 466 443 461 462 470
Profit before tax 1,898 1,886 1,873 1,486 1,664 1,771 1,525 971 615 679 959 1,178 1,714
Tax % 29% 27% 18% 23% 22% 27% 26% 28% 18% 23% 31% 27% 27%
1,341 1,378 1,545 1,148 1,299 1,285 1,125 704 505 524 664 865 1,258
EPS in Rs 13.81 14.10 15.49 11.64 13.21 13.32 11.47 7.10 5.06 5.23 6.77 8.71 12.78
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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 TTM
6,873 18,802 22,621 26,494 29,141 30,773 34,742 36,868 37,855 44,646 53,290 51,996 52,291
5,451 14,630 18,428 22,234 24,956 26,063 28,471 31,365 31,059 36,626 45,527 47,489 46,731
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 5,560
OPM % 21% 22% 19% 16% 14% 15% 18% 15% 18% 18% 15% 9% 11%
-141 244 106 453 775 1,417 534 1,192 788 1,115 965 927 1,142
Interest 103 80 69 97 129 162 133 192 174 163 326 392 336
Depreciation 200 522 611 759 978 1,085 1,129 1,446 1,458 1,520 1,957 1,817 1,837
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 4,530
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 3,310
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 33.49
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: -19%
TTM: -9%
Stock Price CAGR
10 Years: 11%
5 Years: 18%
3 Years: 3%
1 Year: 38%
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 Sep 2024
Equity Capital 128 234 480 436 439 442 444 436 437 439 440 441 442
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 26,004
1,380 363 700 1,091 1,366 2,397 1,996 3,670 2,901 2,618 2,740 2,537 2,035
2,178 6,394 6,899 6,843 8,254 9,192 11,166 11,834 11,836 14,911 15,162 13,943 14,346
Total Liabilities 8,984 15,940 19,848 22,525 26,057 30,431 33,446 37,318 39,602 44,416 45,827 43,149 42,827
1,245 2,594 4,033 4,309 6,460 7,622 7,061 8,872 9,018 14,784 14,932 13,903 13,818
CWIP 34 266 568 629 373 240 276 50 118 165 120 133 11
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 2,312
3,607 11,607 13,145 16,289 16,828 17,728 18,766 22,548 20,228 24,583 27,388 25,875 26,686
Total Assets 8,984 15,940 19,848 22,525 26,057 30,431 33,446 37,318 39,602 44,416 45,827 43,149 42,827

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 -1,318
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 1,098 267 291

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 80
Inventory Days
Days Payable
Cash Conversion Cycle 90 84 84 80 67 77 73 75 87 98 88 80
Working Capital Days 24 47 64 69 67 53 37 60 42 43 40 36
ROCE % 19% 45% 32% 27% 23% 24% 25% 22% 23% 26% 22% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
35.67% 35.26% 35.24% 35.21% 35.19% 35.17% 35.15% 35.13% 35.10% 35.08% 35.04% 35.02%
35.36% 34.27% 30.43% 28.20% 27.95% 26.87% 25.69% 26.22% 24.58% 24.15% 23.27% 23.67%
17.22% 18.05% 20.73% 23.61% 23.73% 25.68% 26.86% 27.03% 28.91% 29.42% 30.66% 30.90%
0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17%
11.58% 12.25% 13.43% 12.81% 12.93% 12.07% 12.11% 11.44% 11.22% 11.16% 10.84% 10.23%
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 6,09,6407,31,4538,89,6069,73,2079,92,2389,36,5349,29,8278,85,5908,67,3738,48,4848,26,2847,74,997

* 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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