Tech Mahindra Analyst Rating
based on 41 analysts
52.38%
Buy
16.67%
Hold
30.95%
Sell
Based on 41 analysts offering long term price targets for Tech Mahindra. An average target of ₹1676.83
Source: S&P Global Market Intelligence
Tech Mahindra Share analysis
Tech Mahindra price forecast by 41 analysts
Upside of1.00%
High
₹2000
Target
₹1676.83
Low
₹1050
Tech Mahindra target price ₹1676.83, a slight upside of 1% compared to current price of ₹1660.3. According to 41 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Tech Mahindra revenue growth forecast
Expected growth rate Q1, FY2027:21.18%
Forecast
Actual
Including amortisation and stock based compensations
Tech Mahindra EPS growth forecast
EPS estimate Q1, FY2027:193.71%
Forecast
Actual
Source: S&P Global Market Intelligence
Tech Mahindra Performance
Day's Low
Day's High
₹1,650.4Day's Price Range₹1,699.952 Week's Low
52 Week's High
₹1,162.9552-Week Price Range₹1,807.7
| Returns % | |
| 1 Month Return | -6.67 % |
| 3 Month Return | -1.64 % |
| 1 Year Return | + 22.52 % |
| Market Stats | |
| Previous Close | ₹1,687.65 |
| Open | ₹1,684.75 |
| Volume | 25.02L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,65,185.00Cr |
Tech Mahindra Key Statistics
| P/E Ratio | 39.23 |
| PEG Ratio | 3.75 |
| Market Cap | ₹1,65,185.00 Cr |
| P/B Ratio | 5.27 |
| EPS | 27.16 |
| Dividend Yield | 3.2 |
| Sector | IT - Software |
| ROE | 8.8 |
Tech Mahindra Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹1,65,185.00 Cr | 22.67% | 0.55 | ₹2,396 Cr | ₹51,995 Cr | |
| HOLD | ₹1,77,143.20 Cr | 42.14% | 0.54 | ₹4,584 Cr | ₹35,517 Cr | |
| HOLD | ₹3,01,583.64 Cr | 25.48% | 0.57 | ₹11,112 Cr | ₹89,760 Cr | |
| BUY | ₹4,86,356.63 Cr | 40.72% | 0.53 | ₹15,710 Cr | ₹1,09,913 Cr | |
| BUY | ₹15,21,876.15 Cr | 18.01% | 0.54 | ₹46,099 Cr | ₹2,40,893 Cr |
About Tech Mahindra
The company operates in several lines of business, such as enterprise business solutions, digital transformation, IT services, network services, and business process outsourcing. Its top products include enterprise mobility solutions, cloud computing solutions, analytics, and big data solutions.
Tech Mahindra is well-known for its popular brands such as Mahindra Comviva, Mahindra Satyam, and Mahindra Aerospace. It also has strategic partnerships with world-renowned companies such as Microsoft, Oracle, and HP. The company also provides a wide range of services including managed services, application development, and system integration.
Share Price: ₹1660.30 per share as on 17 Jan, 2025 04:01 PM
Market Capitalisation: ₹1,65,185.00Cr as of today
Revenue: ₹13,285.60Cr as on December 2024 (Q4 24)
Net Profit: ₹988.80Cr as on December 2024 (Q4 24)
Listing date: 28 Aug, 2006
Chairperson Name: Anand Mahindra
| Organisation | Tech Mahindra |
| Headquarters | Pune |
| Industry | IT - Software |
| E-voting on shares | Click here to vote |
Key events for Tech Mahindra Ltd
Tech Mahindra Reports Strong Growth Amid Wage Hikes - 17 Jan, 2025
Tech Mahindra's Q3 results show a 92.63% YoY profit increase to Rs 983 crore. Wage hikes in Q4 may impact margins, but the Vision 2027 plan is on track for growth.Tech Mahindra Q3 Earnings Preview Shows Growth - 16 Jan, 2025
Tech Mahindra is set to announce Q3FY25 earnings on January 17, 2025. Analysts predict a 1.7% YoY revenue increase and a 38% rise in adjusted PAT, despite quarterly declines. Key focus will be on management's outlook for margins and growth in the CME and BFS sectors.Tech Mahindra Shows Strong Performance in Market - 15 Jan, 2025
On January 15, 2025, Tech Mahindra was highlighted as one of the biggest gainers among blue-chip stocks, indicating positive market sentiment ahead of its Q3 results announcement.Tech Mahindra Stock Shows Bullish Reversal Signals - 13 Jan, 2025
Tech Mahindra's stock has demonstrated a bullish reversal pattern after a recent correction, with recommendations to buy around Rs 1,705 and a target of Rs 1,850.Tech Mahindra Shares Rise Ahead of Earnings Announcement - 12 Jan, 2025
Tech Mahindra shares increased by 3.63% to Rs. 1703. The company is set to announce its quarterly results on January 17, 2025.Tech Mahindra Displays Strong Bullish Momentum - 11 Jan, 2025
Tech Mahindra is trading at ₹1705.60, exhibiting a bullish trend with higher highs and lows. A Double Bottom pattern suggests continued upward movement, with a target of ₹1860 and a stop-loss at ₹1628.Tech Mahindra Sees Share Surge Ahead of Earnings - 10 Jan, 2025
Tech Mahindra shares rose 4%, marking a significant gain as investors anticipate strong Q3 FY25 results. A fund reduced its holdings, while demand recovery in North America boosts sentiment.Tech Mahindra Faces Downgrades and Stock Decline - 07 Jan, 2025
Tech Mahindra's stock declined by 0.99% due to valuation concerns and brokerage downgrades. The company is set to release Q3 FY25 earnings on January 17.Tech Mahindra Faces Expected Revenue Decline - 04 Jan, 2025
Tech Mahindra and other Tier 1 IT companies are projected to experience a 0.4% quarter-over-quarter revenue decline in USD terms.Tech Mahindra Faces Stock Decline Amid Positive Ratings - 31 Dec, 2024
Tech Mahindra received a 'Buy' rating upgrade due to strong financials but saw a 3.54% stock decline. Q3 results meeting is set for January 17, 2025.Tech Mahindra Upgraded to 'Buy' Amid Strong Results - 30 Dec, 2024
Tech Mahindra has been upgraded to a Buy rating following impressive financial results, including a profit of Rs 1,250.10 crore and strong market performance. The company shows robust management efficiency and low debt levels, with institutional confidence reflected in 54.83% holdings.Tech Mahindra's Strategic Moves and Merger Approval - 20 Dec, 2024
Tech Mahindra's CEO plans to boost BFSI revenue share significantly by 2027. Additionally, NCLT has approved the merger of four subsidiaries with the company.
Insights on Tech Mahindra Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTFII Holding Up
Foreign Institutions have increased holdings from 23.28% to 23.66% in Sep 2024 quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 15.27% to 15.81% in Sep 2024 quarter
NO EFFECTAgainst Peers
In the last 3 years, HCL Technologies Ltd has given 48.8% return, outperforming this stock by 53.3%
- NO EFFECT
Against Peers
In the last 1 year, HCL Technologies Ltd has given 25.3% return, outperforming this stock by 1.2%
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 10.75% to 10.14% in Sep 2024 quarter
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 35.05% to 35.03% in Sep 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 7 days, TECHM stock has moved down by -0.7%
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 13.83K Cr → 13.30K Cr (in ₹), with an average decrease of 3.8% per quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 1.25K Cr → 983.2 Cr (in ₹), with an average decrease of 21.4% per quarter
News
Top 5 IT Firms Shed Jobs in Q3FY25 Amid Seasonal Weakness
Tech Mahindra reported a sequential decline of about 3,785 employees in Q3. Tech Mahindra, which is currently on track for business restructuring and revival under its new management, has been focussing on building capacity through fresher hiring programmes.18 Jan, 2025 04:14 PMTech Mahindra Q3 Results 2025: Profit Rises 92.63% Year-on-Year
Tech Mahindra Q3 Results 2025 on 18 Jan, 2025: profit rise by 92.63% YOY, profit at ₹983.2 crore and revenue at ₹13285.6 crore. Tech Mahindra declared their Q3 results on 17 Jan, 2025, showcasing a significant year-on-year profit increase of 92.63%. The company reported a profit of ₹983.2 crore and revenue of ₹13285.6 crore, marking a revenue increase of 1.41% YoY. However, when compared to the previous quarter, the revenue showed a slight decline of 0.21%, alongside a decrease in profit by 21.35%. The Selling, General & Administrative expenses also reflected a decline of 1.08% quarter-on-quarter and a minor increase of 0.21% year-on-year. In terms of operating income, Tech Mahindra reported a rise of 5.45% from the last quarter and an impressive 92.06% increase compared to the same quarter last year. The Earnings Per Share (EPS) stood at ₹11.08 for Q3, showing a year-on-year increase of 92.36%. Tech Mahindra's stock performance has also been noteworthy, delivering a 2.73% return in the last week and a 9.63% return over the past six months, although it has seen a decline of 1.09% year-to-date. The current market capitalization of Tech Mahindra is ₹165185 crore, with a 52-week high of ₹1807.7 and a low of ₹1162.95. Analyst sentiment remains mixed, with 39 analysts covering the stock; 3 analysts rated it as Strong Sell, 9 as Sell, 7 as Hold, 14 as Buy, and 6 as Strong Buy. As of 18 Jan, 2025, the consensus recommendation from analysts was to Hold the stock.18 Jan, 2025 11:06 AMTech Mahindra Reports 92% Profit Increase Driven by Land Sale Gain
Fifth-largest IT services firm Tech Mahindra on Friday reported a 92.6% year-on-year (YoY) jump in consolidated net profit for the October-December quarter of fiscal year 2025 at Rs 983 crore. Profit was driven by a one-time land sale gain, rupee depreciation and improved rate of deal wins in its key verticals of banking, financial services & insurance (BFSI) and hi-tech & media. In the previous quarter ending September profit stood at Rs 1,250 crore and in the December quarter a year ago it was at Rs 510 crore. The profit was helped by a one-time gain of $54 million proceeds from a land sale that took place in the previous quarter. Tech Mahindra's revenue stood at Rs 13,286 crore in Q3 FY25, down 0.2% from the September quarter but up 1.4% compared to the year-ago period. The sequential dip was attributed to major cross currency headwinds. The steep currency movements through the quarter have impacted the reported numbers. Adjusted for fluctuations, we saw healthy revenue growth in communications, BFSI, and healthcare and life sciences, said Tech Mahindra CEO Mohit Joshi. The company reported a new deal wins TCV of $745 million for Q3, up 95.4% YoY. In the September quarter, it had reported a deal wins TCV of $603 million. Joshi said that the firm onboarded over 40 new clients from must-have accounts so far this fiscal, including six large deals. Twelve were onboarded in the December quarter. Over two dozen of these have a revenue run rate above a million dollars annually, he said. He added that in terms of regions, the company is seeing pockets of demand across prioritised markets of North America, Europe and APJ (Asia Pacific and Japan). Sequentially in Q3, the Mahindra group company saw revenue from manufacturing dip by 3.7% owing to headwinds in the automotive industry. Revenue from communications, hi-tech and media, and retail, transportation and logistics verticals declined by 3.7%, 4%, 1.5% and 0.3%, respectively. Revenue from BFSI improved 0.4%. Revenue from manufacturing declined 7.2% while that from BFSI was up 8.3% YoY. Geographically, revenue from the Americas and Europe dipped 1.8% and 3%, respectively QoQ, and by 2.3% and 1% YoY, respectively. EBIT margin also improved to 10.2% from 9.6% in Q2 this year and almost doubled from 5.4% in Q3 last year helped by rupee depreciation and its margin program Project Fortius. During the quarter, Tech Mahindra's employee headcount dipped by 3,785 with total count at 150,488 at the end of December 2024. From a year ago, headcount increased 4,238. This comes after the firm added 6,653 employees in Q2 FY25 when its headcount stood at 154,273. The company said it is on track for its hiring target of 6,000 freshers for FY25, said Rohit Anand, CFO, Tech Mahindra. He added that in the three quarters of the fiscal so far, about 4,700 freshers have been added.18 Jan, 2025 06:00 AMTech Mahindra Financials
Index Inclusions
Tech Mahindra Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 35.03% | ||
| Foreign Institutions | 23.66% | 1.66 | |
| Mutual Funds | 15.81% | 3.56 | |
| Retail Investors | 10.14% | ||
| Others | 15.35% |
Tech Mahindra Key Indicators
Tech Mahindra Valuation
Tech Mahindra in the last 5 years
Lowest (9.79x)
March 23, 2020
Today (39.23x)
January 17, 2025
Industry (39.74x)
January 17, 2025
Highest (58.19x)
September 13, 2024
Tech Mahindra Earnings and Dividends
Tech Mahindra Ltd Earnings Results
Tech Mahindra Ltd’s net profit jumped 92.63% since last year same period to ₹983.20Cr in the Q3 2024-2025. On a quarterly growth basis, Tech Mahindra Ltd has generated -21.35% fall in its net profits since last 3-months.
Read More about Earnings ResultsTech Mahindra Ltd Dividends October,2024
In the quarter ending September 2024, Tech Mahindra Ltd has declared dividend of ₹15 - translating a dividend yield of 3.31%.
Read More about Dividends
Tech Mahindra Technicals Summary
Bearish
Neutral
Bullish
Tech Mahindra Ltd is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Tech Mahindra Ltd
Tech Mahindra Ltd share price today stands at ₹1660.3, Open. ₹1684.75 ; Previous Close. ₹1687.65 ; High. ₹1699.9 ; Low. ₹1650.4 ; 52 Week High. ₹1807.7 ; 52 Week Low: ₹1162.95.
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Tech Mahindra Ltd is listed on NSE
Tech Mahindra Ltd is listed on BSE
- Today’s highest price of Tech Mahindra Ltd is ₹1699.9.
- Today’s lowest price of Tech Mahindra Ltd is ₹1650.4.
PE Ratio of Tech Mahindra Ltd is 39.23
PE ratio = Tech Mahindra Ltd Market price per share / Tech Mahindra Ltd Earnings per share
Today’s traded volume of Tech Mahindra Ltd(TECHM) is 25.02L.
Today’s market capitalisation of Tech Mahindra Ltd(TECHM) is ₹165185Cr.
| Tech Mahindra Ltd(TECHM | Price |
|---|---|
52 Week High | ₹1807.7 |
52 Week Low | ₹1162.95 |
Tech Mahindra Ltd(TECHM) share price is ₹1660.3. It is down -8.15% from its 52 Week High price of ₹1807.7
Tech Mahindra Ltd(TECHM) share price is ₹1660.3. It is up 42.77% from its 52 Week Low price of ₹1162.95
| Tech Mahindra Ltd(TECHM | Returns |
|---|---|
1 Day Returns | -27.35% |
1 Month Returns | -6.67% |
3 Month Returns | -1.64% |
1 Year Returns | 22.52% |