Durability score
60 /100
Valuation score
32.8 /100
Momentum score
59.6 /100
Market Capitalizati...
69,923.9 Cr.
AVG Broker Target
833.6
PE TTM Price to Ear...
15.8
Tech Mahindra Ltd.    
13 Mar 2019
790.10
0.03%
buy
Geojit BNP Paribas
TechM delivered healthy performance in Q3FY19 with revenue growth of 3.5% QoQ in USD terms (+4.3% QoQ in CC terms), ahead of our estimate. EBITDA margin expansion continued to beat estimate with an improvement of 50...
Tech Mahindra Ltd. is trading below it's 30 day SMA of 808.77
Tech Mahindra Ltd.    
21 Feb 2019
790.10
0.03%
Motilal Oswal
21 February 2019 INR19.56b (<10% of net worth) was decided after taking stock of the future needs of capital for the business. It is also tax efficient for the company. This buyback is not in lieu of dividend. However, the company would not like to retain too much excess cash. TECHM will go for a Dividend + Buyback strategy in the future based on the need of the business. In the past, every time TECHMs net cash (including investments) has exceeded or come close to INR40b, there has been some allocation toward inorganic growth. That did not happen this time around, and the net cash position increased to INR65b in the last four quarters. The quantum of buyback brings total net cash down to that range at INR45b. If TECHM pays same dividend as last year (INR14/share), it will bring net cash down to INR30-35b.
Tech Mahindra Ltd. is trading below it's 30 day SMA of 808.77
Tech Mahindra Ltd.    
19 Feb 2019
790.10
0.03%
buy
Axis Direct
Tech Mahindra Ltd. reported healthy broad based growth in Q3 FY19. Tech Mahindra reported consolidated revenue growth of 3.5% on QoQ and 4.3% on constant currency basis. EBITDA margin expanded 300 bps on YoY basis and 50 bps on QoQ basis.
Tech Mahindra Ltd. has gained 27.01% in the last 1 Year
Tech Mahindra Ltd.    
12 Feb 2019
790.10
0.03%
Number of FIIs/FPIs holding stock rose by 47 to 964 in Dec 2018 qtr.
Tech Mahindra Ltd.    
06 Feb 2019
790.10
0.03%
HDFC Securities
Maintain BUY with a TP of Rs 880 based on 15x Dec-20E earnings. Tech Mahindra delivered healthy performance both on revenue and margin front. Revenue stood at USD 1,261mn (+3.5% QoQ, +4.3% CC), ahead of our est of USD 1,244mn. Enterprise (59% of rev) grew 4.2% QoQ led by Digital (33% of rev, +10% QoQ) and recovery in Manufacturing and BFSI. Management expects Enterprise segment to grow at ~10% CC YoY led by increased Digital adoption and strong TCV wins (USD 490mn in last two quarters).
Geojit BNP Paribas upgraded Tech Mahindra Ltd. to Buy with a price target of 899.0 on 13 Mar, 2019.
Tech Mahindra Ltd.    
06 Feb 2019
790.10
0.03%
Angel Broking
Tech Mahindra posted good numbers for 3QFY2019 on all fronts. Revenues rose 3.5% qoq to end the period at US$1,261mn. On CC (constant currency) terms of the 4.3% qoq. In Rupee terms, revenues came in at `8,944cr v/s. `8,630cr in 2QFY2019, up 3.6% qoq. On the operating front, the EBITDA margin came in at 19.3%
Tech Mahindra Ltd. has gained 27.01% in the last 1 Year
Tech Mahindra Ltd.    
06 Feb 2019
790.10
0.03%
buy
ICICI Securities Limited
Tech Mahindra (TechM) reported a healthy performance on all fronts in Q3FY19 with 4.3% constant currency revenue growth (vs. our estimate of 3%) and 50 bps margin expansion to 19.3% US$ revenues grew 3.5% QoQ to $1261 million (vs. our estimate $1248.2 million) mainly led by growth in telecom (2.5% QoQ), manufacturing (5.6% QoQ) and BFSI (2.7% QoQ) On the margin front, the EBITDA margin increased 50 bps QoQ to 19.3% led by 6.2% QoQ decline in SG&A; expenses and benefit of...
Geojit BNP Paribas upgraded Tech Mahindra Ltd. to Buy with a price target of 899.0 on 13 Mar, 2019.
Tech Mahindra Ltd.    
06 Feb 2019
790.10
0.03%
Nirmal Bang Institutional
Margin Gains Peaking, More Focus On Growth Likely Tech Mahindra's (TML's) 3QFY19 performance was robust - both in terms of revenue growth and margin expansion. Revenues grew 4.3% in CC terms (our estimate 3%) and EBITDA margin was 50bps above our estimate (although a sharp dip of 150bps in SG&A; expenses was not adequately explained). Ever since the collapse of its EBITDA margin to a low of 12% in 4QFY17, the focus of TML has been to largely bring that back to a respectable level. This has been an seven-quarter journey which we believe is largely done. The margin expansion has come about through tightening of operations (employee utilisation, higher use of automation, better portfolio profitability, modest salary hikes) and also through improving yields on its...
Tech Mahindra Ltd. has an average target of 833.60 from 12 brokers.
Tech Mahindra Ltd.    
05 Feb 2019
790.10
0.03%
Motilal Oswal
5 February 2018 grew 28% YoY (our estimate of flat growth) to INR12.0b in 3QFY19. Gross margin shrank 100bp QoQ to 33%. However, EBITDA margin expanded 50bp QoQ to 19.3% (above our estimate of 18.9% by 40bp), PAT increased 27.7% YoY to INR12.0b, higher than our estimate of INR9.38b (28% beat), led by lower forex losses (INR0.8b v/s our estimate of INR1.9b) and lower ETR (17.8% v/s our estimate of 25%).
Number of FIIs/FPIs holding stock rose by 47 to 964 in Dec 2018 qtr.
Tech Mahindra Ltd.    
30 Nov 2018
790.10
0.03%
Prabhudas Lilladhar
We believe Tech M is poised for turnaround in revenue growth trajectory post Change in Estimates | Target | Reco three years of tepid performance led by a) Turnaround in Telecom vertical b) expansion in portfolio in Enterprise vertical through acquisitions which has...
Tech Mahindra Ltd. is trading below it's 30 day SMA of 808.77