NSE: TECHM | BSE: 532755

Mid-range Performer

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1632.10 -5.40 (-0.33%)

34.95% Gain from 52W Low

458.9K NSE+BSE Volume

NSE 12 Jun, 2025 10:37 AM (IST)

159,806.2

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Dividend

Tech Mahindra Ltd. has an upcoming dividend of ₹30.00 per share due on 04 Jul 2025 See details

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.

02 Nov 2017

1632.10

-0.33%

Tech Mahindra

Hold: Tech Mahindra Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Tech Mahindra (TechM) reported its Q2FY18 earnings wherein revenue growth was in-line with our estimates while EBITDA margins came in much better than our expectations US$ revenues grew 3.6% QoQ to $1179.2 million and were in line with our expectation of 3.3% growth and $1,176 million estimate Rupee revenues grew 3.7% QoQ to | 7,606 crore and were broadly in line with our | 7,556.8 crore estimate...

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

Tech Mahindra Ltd.

01 Nov 2017

1632.10

-0.33%

Tech Mahindra: Profitability resurrection on track

Buy: Tech Mahindra Ltd.

Target

Motilal Oswal

Steep margin improvement despite wage hikes: This was the second quarter that TECHM saw a 4% reduction in Software Professionals headcount (3,409 employees), cost benefits from which aided the 80bp EBITDA margin beat to 14.5%, also supported by the absence of visa expenses and an increase in utilization (+400bp QoQ). PAT at INR8.4b grew 4.7% QoQ, against our expectation of -2.7%, primarily led by the beat on profitability and higher other income aided by favorable hedge positions. Multiple levers yet in hand: The margin trajectory has been looking upward...

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

Tech Mahindra Ltd.

03 Oct 2017

1632.10

-0.33%

Visit Note:Tech Mahindra

Hold: Tech Mahindra Ltd.

Recommendation

Axis Direct

Telecom (45% of revenue) - Focusing on client mining and market share gain. Decision around discretionary spends showing some signs of revival. TECHM has not lost market share in the segment

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

Tech Mahindra Ltd.

14 Sep 2017

1632.10

-0.33%

Tech Mahindra

Buy: Tech Mahindra Ltd.

Bonanza

Recently, the stock price of Tech Mahindra Ltd. (Tech Mahindra) corrected by ~15% from 52-week high of Rs.515 as it has reported lower revenue growth in the recent quarters due to slower-than-expected...

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

Tech Mahindra Ltd.

08 Aug 2017

1632.10

-0.33%

Tech Mahindra

Results Update: Tech Mahindra Ltd.

SMC online

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

Tech Mahindra Ltd.

07 Aug 2017

1632.10

-0.33%

Result Update - Tech Mahindra

Buy: Tech Mahindra Ltd.

Recommendation Target

Axis Direct

Tech Mahindra (TechM) reported stronger revenue/EBIT/PAT in Q1FY18. Lower employee costs (software employees declined ~3.4K) and steady utilization (77%) led to EBIT margin at 9.4% (our/consensus: ~8.5%) despite headwinds from visas/INR appreciation.

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

Tech Mahindra Ltd.

02 Aug 2017

1632.10

-0.33%

Result Updates

Buy: Tech Mahindra Ltd.

Angel Broking

For 1QFY2018 Tech Mahindra posted good set of numbers. The sales came in at US$1,138mn (US$1,127mn expected) v/s. US$1,131mn in 4QFY2017, a qoq growth of 0.6%. In Rupee terms, sales came in at `7,336cr (`7,262cr expected) v/s. `7,495cr in 4QFY2017, a qoq dip of 2.1%. On operating front, the EBIT margins came in at 9.4% (8.6% expected...

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

Tech Mahindra Ltd.

01 Aug 2017

1632.10

-0.33%

Tech Mahindra

Hold: Tech Mahindra Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Tech Mahindra (TechM) reported its Q1FY18 earnings wherein revenue growth was in line with our estimates while EBITDA margins were better than our estimate on the back of lower cost of services US$ revenues grew 0.6% QoQ to $1138.1 million and were in line with our expectation of 0.6% growth and $1,138.5 million Rupee revenues declined 2.1 % QoQ to | 7,336 crore and were in line with our | 7,339 crore estimate...

Tech Mahindra Ltd. is trading above all available SMAs

Tech Mahindra Ltd.

01 Aug 2017

1632.10

-0.33%

Result Review of Tech Mahindra

Accumulate: Tech Mahindra Ltd.

Target

IDBI Capital

Q1FY18 revenue in CC declined only by 0.6% QoQ vs. our forecast of a 2.1% QoQ decline. Further, EBIT margin of 9.4%, +120bps QoQ and EPS of Rs9.1, +36%/+5.9% QoQ/YoY also beat to our forecast. TECHM has confirmed that the restructuring of the LCC is complete. In Q1FY18, it secured large deals worth US$325mn, maintaining the quarterly run-rate of FY17. We factor Q1FY18 beat and lower FX assumption (Rs66/67 vs. Rs67.5/Rs67.5 for FY18/19E). We largely maintain our forecast for FY18/19 revenue (US$)/EPS CAGR...

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

Tech Mahindra Ltd.

01 Aug 2017

1632.10

-0.33%

Tech Mahindra - 1QFY18 Result Update

Buy: Tech Mahindra Ltd.

Target

Reliance Securities

Tech Mahindra (TechM) has posted a subdued performance in 1QFY18 with its USD revenue rising by just 0.6% QoQ (-0.6% QoQ in CC terms) to US$1,138mn, below our estimates by 3.2%. The key Communications vertical continued to remain under pressure with revenue declining by 1.8% QoQ in USD terms. The vertical contributed 45.2% to total revenue in 1QFY18, the lowest in 19 quarters since 2QFY13. However, the Enterprise business grew at a much better pace of 2.7% QoQ, led by BFSI and Retail verticals. Notably, in line with our estimate, TechM's EBIT margin rose by 75bps QoQ owing to lower SG&A; and other cost. The management believes that TechM has achieved stability in business portfolio and expects positive outcomes to be...

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

Is Tech Mahindra Ltd. worth buying?

945 Votes:

Buy 77.57%

Sell 10.9%

Hold 11.53%

RESEARCH REPORTS

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Buy SEE REPORTS >

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