Tech Mahindra Ltd

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

Tech Mahindra Ltd

₹ 1,747 2.66%
22 Nov - 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 ₹ 1,71,009 Cr.
  • Current Price ₹ 1,747
  • High / Low ₹ 1,762 / 1,163
  • Stock P/E 58.3
  • Book Value ₹ 228
  • Dividend Yield 2.29 %
  • ROCE 11.4 %
  • ROE 8.81 %
  • 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 124%
  • Company's working capital requirements have reduced from 48.1 days to 35.1 days

Cons

  • Stock is trading at 7.68 times its book value
  • The company has delivered a poor sales growth of 9.11% over past five years.
  • Earnings include an other income of Rs.1,583 Cr.

* 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 BSE Sensex Nifty 50 BSE 500 BSE Information Technology BSE 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
8,465 9,279 9,560 10,133 10,599 10,988 10,938 10,697 10,440 10,551 10,411 10,630 10,939
6,938 7,683 8,309 8,820 9,581 9,593 9,895 9,911 10,102 10,000 9,713 9,678 9,952
Operating Profit 1,526 1,596 1,251 1,313 1,018 1,395 1,043 787 337 552 698 952 987
OPM % 18% 17% 13% 13% 10% 13% 10% 7% 3% 5% 7% 9% 9%
650 416 244 144 536 369 80 201 514 265 273 123 921
Interest 14 15 19 28 38 58 57 54 58 75 59 51 65
Depreciation 158 173 216 206 210 195 202 205 206 200 204 202 203
Profit before tax 2,004 1,824 1,260 1,224 1,306 1,510 864 729 587 542 707 822 1,640
Tax % 22% 25% 13% 23% 27% 20% 22% 23% 5% 10% 25% 24% 21%
1,560 1,375 1,090 940 956 1,204 677 560 556 486 527 625 1,294
EPS in Rs 16.08 14.17 11.22 9.67 9.83 12.37 6.95 5.74 5.70 4.98 5.40 6.39 13.22
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
6,002 16,266 19,163 20,970 23,165 23,692 27,228 29,225 29,641 35,761 42,657 42,099 42,531
4,826 12,716 15,894 17,592 19,494 19,793 22,059 25,481 24,311 29,970 37,888 39,726 39,342
Operating Profit 1,176 3,551 3,268 3,378 3,672 3,899 5,169 3,744 5,330 5,792 4,770 2,374 3,189
OPM % 20% 22% 17% 16% 16% 16% 19% 13% 18% 16% 11% 6% 8%
-93 201 184 1,094 893 1,728 960 2,322 922 1,447 1,128 1,252 1,583
Interest 109 87 48 53 64 71 43 67 63 69 181 246 250
Depreciation 157 427 473 542 622 656 659 667 662 740 813 815 809
Profit before tax 817 3,238 2,930 3,876 3,879 4,900 5,427 5,332 5,527 6,429 4,904 2,565 3,712
Tax % 20% 17% 23% 18% 21% 18% 19% 15% 23% 22% 23% 17%
652 2,686 2,256 3,173 3,047 3,994 4,380 4,534 4,239 5,023 3,778 2,129 2,932
EPS in Rs 12.73 28.76 23.48 32.78 31.28 40.77 44.54 46.95 43.78 51.69 38.78 21.79 29.99
Dividend Payout % 10% 17% 26% 37% 29% 34% 31% 32% 103% 58% 129% 184%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 12%
TTM: -1%
Compounded Profit Growth
10 Years: -2%
5 Years: -13%
3 Years: -20%
TTM: -2%
Stock Price CAGR
10 Years: 10%
5 Years: 18%
3 Years: 4%
1 Year: 46%
Return on Equity
10 Years: 18%
5 Years: 16%
3 Years: 14%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 128 234 480 484 487 490 492 483 484 486 487 488 489
Reserves 4,055 8,357 10,776 14,507 16,403 19,045 20,156 21,790 24,532 25,724 24,717 22,682 21,774
1,404 309 5 228 262 255 13 481 519 617 579 468 439
1,671 5,840 5,755 5,676 6,580 7,041 9,682 7,568 7,840 8,733 10,252 11,026 12,045
Total Liabilities 7,258 14,739 17,016 20,894 23,733 26,830 30,342 30,322 33,375 35,559 36,035 34,664 34,747
720 1,834 1,981 2,122 2,498 3,230 2,786 3,336 3,048 3,630 3,641 3,224 3,050
CWIP 28 264 551 628 362 235 272 35 111 136 48 94 11
Investments 3,808 2,294 4,088 4,976 7,716 10,258 12,961 10,649 16,552 14,532 13,320 13,214 12,342
2,702 10,348 10,397 13,168 13,156 13,106 14,324 16,302 13,663 17,262 19,026 18,131 19,344
Total Assets 7,258 14,739 17,016 20,894 23,733 26,830 30,342 30,322 33,375 35,559 36,035 34,664 34,747

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
642 1,294 2,108 2,876 3,332 3,273 3,634 2,380 6,852 3,213 4,102 5,005
-595 352 -1,637 -1,082 -2,590 -2,146 -1,529 3,306 -5,602 1,576 734 43
89 -917 -770 -792 -1,479 -1,210 -2,036 -4,842 -2,066 -4,607 -4,992 -4,727
Net Cash Flow 136 729 -299 1,002 -736 -82 69 844 -816 181 -156 321

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 83 88 81 90 72 79 80 78 89 101 89 82
Inventory Days
Days Payable
Cash Conversion Cycle 83 88 81 90 72 79 80 78 89 101 89 82
Working Capital Days 19 46 57 69 69 61 34 73 51 62 47 35
ROCE % 18% 44% 29% 30% 24% 26% 27% 25% 23% 25% 19% 11%

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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