NSE: TECHM | BSE: 532755

Mid-range Performer

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1573.90 -26.10 (-1.63%)

31.86% Gain from 52W Low

2.8M NSE+BSE Volume

NSE 30 May, 2025 3:31 PM (IST)

154,107.6

Market Cap

High in industry

0.9

Beta 1Year

Low volatility

Tech Mahindra Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for TECHM, BSE:532755 Tech Mahindra Ltd.

Tech Mahindra Ltd.

06 Nov 2019

1573.90

-1.63%

Tech Mahindra

Buy: Tech Mahindra Ltd.

Target

ICICI Securities Limited

In this quarter, the company won record new deal wins worth $1.49 billion, up 3.1x QoQ. Of this, the telecom (communication) segment comprised ~$1 billion while enterprise constituted the rest. In addition, the deal pipeline remains strong as per management. A healthy deal pipeline enhances the revenue visibility and execution of these deals would accelerate the growth rate. Further, bottoming out of dragging forces in enterprise segment (auto in manufacturing) would support growth. In addition, momentum in 5G related investments and revenue flow from AT&T; deal would led to growth...

Tech Mahindra Ltd. is trading below its 150 day SMA of 1604.4

Tech Mahindra Ltd.

06 Nov 2019

1573.90

-1.63%

TechM revenues grew 4.1%/7.3% CC qoq/yoy and were better than our expectations of 2.9% qo...

Hold: Tech Mahindra Ltd.

Recommendation Target

Emkay

TechM revenues grew 4.1%/7.3% CC qoq/yoy and were better than our expectations of 2.9% qoq CC growth. Growth was driven by the Enterprise business (up 5.6% qoq in CC terms; ~59% of sales), while Telecom revenues grew 2.0% qoq in CC. TechM retained its FY20 revenue growth outlook of in-line with industry growth' in the Telecom business (~41% of sales) and mid-single digit growth in the Enterprise segment (~59% of sales), suggesting nearly 6.0-7.0% CC yoy growth for the entire business. EBIT margins are expected to decline 150-250bps yoy in FY20....

Number of FII/FPI investors increased from 1089 to 1095 in Mar 2025 qtr.

Tech Mahindra Ltd.

17 Oct 2019

1573.90

-1.63%

Tech Mahindra

Buy: Tech Mahindra Ltd.

Target

ICICI Securities Limited

Recently, Tech Mahindra has secured a multiyear contract from AT&T; communications. The expansion of the strategic collaboration focus on accelerating AT&T;'s IT network application, shared systems modernization and movement to the cloud. As per media sources, it is the largest deal with a consideration of ~$1 billion. Previous to this deal, company has bagged an outsourcing contract of $100 million from Vodafone in New Zealand (media sources). Company's management commentary also indicates a revival in large deals, as companies move towards bigger transformation...

Number of FII/FPI investors increased from 1089 to 1095 in Mar 2025 qtr.

Tech Mahindra Ltd.

06 Sep 2019

1573.90

-1.63%

Announces one of its largest-ever deals

Buy: Tech Mahindra Ltd.

Target

Motilal Oswal

6 September 2019 We are modeling in incremental annual revenue of USD150m from FY21, while total revenue recognition will be ~USD57m in FY20. We have increased our CC revenue growth estimate for FY20/21 from 5.5%/8.2% to 5.8%/9.9% on account of the large deal ramp-up from the mid of 3QFY20. The deal is expected to weigh marginally on profitability in the initial transition phase, which may include some personnel transfer from AT&T; to TECHM. We thus lower our EBIT margin estimate for FY20/21 by 20bp to 13.1/13.8%. Overall, we expect the deal to have a limited impact on EPS in FY20 and be accretive FY21 onward. Consequently, we maintain our EPS estimate for FY20 but increase it by 1% for FY21. After a sluggish start to the year, the earnings growth outlook has turned muted for FY20. In our view, revenue growth remains crucial for a recovery in margins. The announcement of AT&T; deal comes as a booster to that effect.

Number of FII/FPI investors increased from 1089 to 1095 in Mar 2025 qtr.

Tech Mahindra Ltd.

14 Aug 2019

1573.90

-1.63%

Tech Mahindra Ltd: Waiting in the Wings

Hold: Tech Mahindra Ltd.

Karvy

Waiting in the Wings: Tech Mahindra (TechM) went through rough times due to restructuring at one of its subsidiaries LCC and prolonged weakness in its telecom business (which contributes 41% of revenues) due to delay in spending decision as a result of consolidation in the industry.

Tech Mahindra Ltd. is trading above its 100 day SMA of 1547.6

Tech Mahindra Ltd.

09 Aug 2019

1573.90

-1.63%

Tech Mahindra (REDUCE): Subsidiary troubles afresh; cut to REDUCE

Sell: Tech Mahindra Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Tech Mahindra (TECHM) subsidiary Pininfarina (PINF) was a harbinger of growth for the company over the past two years, bringing in 16% of incremental FY19 revenue.

Geojit BNP Paribas upgraded Tech Mahindra Ltd. to Buy with a price target of 1790.0 on 20 May, 2025.

Tech Mahindra Ltd.

02 Aug 2019

1573.90

-1.63%

Result Update:Tech Mahindra

Neutral: Tech Mahindra Ltd.

Target

Axis Direct

Tech Mahindra Ltd (TechM). reported subdued growth in all the terms Q1 FY20, TechM's consolidated revenue declined by 1.6% QoQ and grew marginally by 2% on YoY basis in constant currency terms. EBITDA Margins have declined by 300 bps on QoQ basis and stood at 15.2%.

Tech Mahindra Ltd. has an average target of 1717.80 from 10 brokers.

Tech Mahindra Ltd.

01 Aug 2019

1573.90

-1.63%

Tech Mahindra Limited

Results Update: Tech Mahindra Ltd.

SMC online

Tech Mahindra Ltd. has an average target of 1717.80 from 10 brokers.

Tech Mahindra Ltd.

31 Jul 2019

1573.90

-1.63%

Tech Mahindra - 1QFY20 Result Update

Hold: Tech Mahindra Ltd.

Recommendation Target

Reliance Securities

Tech Mahindra Ltd. is trading below its 150 day SMA of 1604.4

Tech Mahindra Ltd.

31 Jul 2019

1573.90

-1.63%

Tech Mahindra: Q1FY20 Result Review

Accumulate: Tech Mahindra Ltd.

Target

IDBI Capital

While TECHM's Q1FY20 revenue was in-line with our forecast EBIT margin was a miss. Q1 revenue declined by 1% QoQ in CC. EBIT margin saw a sharp decline of 390bps QoQ to 11.5% vs. our forecast of a 235bps QoQ decline. Higher other income and FX gain aided EPS, which was in-line to our forecast at Rs11, -13.6%/+8.6% QoQ YoY. In Q1, TECHM has maintained the deal-win momentum and has secured deals with TCV of US$475 mn. Further, its deal-pipeline is at an all-time high. While it is confident of achieving high single-digit YoY growth in Communications vertical and mid single-digit in the Enterprise segment, it expects headwinds to its EBIT margin....

Geojit BNP Paribas upgraded Tech Mahindra Ltd. to Buy with a price target of 1790.0 on 20 May, 2025.

Is Tech Mahindra Ltd. worth buying?

945 Votes:

Buy 77.57%

Sell 10.9%

Hold 11.53%

RESEARCH REPORTS

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