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Tech Mahindra

BSE:532755
Snowflake Description

Excellent balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532755
BSE
₹693B
Market Cap
  1. Home
  2. IN
  3. Software
Company description

Tech Mahindra Limited provides information technology (IT) services and solutions in the Americas, Europe, India, and internationally. The last earnings update was 76 days ago. More info.


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532755 Share Price and Events
7 Day Returns
0.7%
BSE:532755
2.6%
IN IT
0.8%
IN Market
1 Year Returns
14.2%
BSE:532755
19.3%
IN IT
-0.7%
IN Market
532755 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tech Mahindra (532755) 0.7% 1.6% 12.1% 14.2% 70% 75.9%
IN IT 2.6% 4.6% 8.5% 19.3% 49.1% 80.2%
IN Market 0.8% 2.8% 5.9% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • 532755 underperformed the IT industry which returned 19.3% over the past year.
  • 532755 outperformed the Market in India which returned -0.7% over the past year.
Price Volatility
532755
Industry
5yr Volatility vs Market
Related Companies

532755 Value

 Is Tech Mahindra undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tech Mahindra to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tech Mahindra.

BSE:532755 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 30 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.6%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:532755
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.054 (1 + (1- 35%) (2.31%))
1.047
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.047 * 8.6%)
16.55%

Discounted Cash Flow Calculation for BSE:532755 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tech Mahindra is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:532755 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.55%)
2019 31,289.26 Analyst x20 26,845.06
2020 40,579.07 Analyst x21 29,870.35
2021 44,344.99 Analyst x20 28,006.06
2022 48,104.27 Est @ 8.48% 26,065.15
2023 52,048.41 Est @ 8.2% 24,196.54
2024 56,214.58 Est @ 8% 22,421.46
2025 60,637.59 Est @ 7.87% 20,750.37
2026 65,350.74 Est @ 7.77% 19,186.85
2027 70,386.58 Est @ 7.71% 17,730.14
2028 75,777.56 Est @ 7.66% 16,376.91
Present value of next 10 years cash flows ₹231,448.89
BSE:532755 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹75,777.56 × (1 + 7.55%) ÷ (16.55% – 7.55%)
₹905,040.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹905,040.44 ÷ (1 + 16.55%)10
₹195,595.76
BSE:532755 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹231,448.89 + ₹195,595.76
₹427,044.65
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹427,044.65 / 866.36
₹492.92
BSE:532755 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BSE:532755 represents 0.99584x of NSEI:TECHM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99584x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 492.92 x 0.99584
₹490.87
Value per share (INR) From above. ₹490.87
Current discount Discount to share price of ₹802.00
= -1 x (₹802.00 - ₹490.87) / ₹490.87
-63.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Tech Mahindra is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tech Mahindra's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tech Mahindra's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532755 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹49.31
NSEI:TECHM Share Price ** NSEI (2019-04-22) in INR ₹805.35
India IT Industry PE Ratio Median Figure of 84 Publicly-Listed IT Companies 16.19x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tech Mahindra.

BSE:532755 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:TECHM Share Price ÷ EPS (both in INR)

= 805.35 ÷ 49.31

16.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tech Mahindra is overvalued based on earnings compared to the IN IT industry average.
  • Tech Mahindra is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Tech Mahindra's expected growth come at a high price?
Raw Data
BSE:532755 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 30 Analysts
10.8%per year
India IT Industry PEG Ratio Median Figure of 21 Publicly-Listed IT Companies 1.32x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

BSE:532755 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.33x ÷ 10.8%

1.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tech Mahindra is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Tech Mahindra's assets?
Raw Data
BSE:532755 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹234.18
NSEI:TECHM Share Price * NSEI (2019-04-22) in INR ₹805.35
India IT Industry PB Ratio Median Figure of 108 Publicly-Listed IT Companies 1.36x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
BSE:532755 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:TECHM Share Price ÷ Book Value per Share (both in INR)

= 805.35 ÷ 234.18

3.44x

* Primary Listing of Tech Mahindra.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tech Mahindra is overvalued based on assets compared to the IN IT industry average.
X
Value checks
We assess Tech Mahindra's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Tech Mahindra has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

532755 Future Performance

 How is Tech Mahindra expected to perform in the next 1 to 3 years based on estimates from 30 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tech Mahindra expected to grow at an attractive rate?
  • Tech Mahindra's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Tech Mahindra's earnings growth is positive but not above the India market average.
  • Tech Mahindra's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:532755 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532755 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 30 Analysts 10.8%
BSE:532755 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 30 Analysts 9.4%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532755 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 30 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532755 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 419,350 59,037 53,742 26
2020-03-31 383,357 54,148 48,562 30
2019-03-31 349,323 45,768 43,445 31
BSE:532755 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 339,043 40,131 43,871
2018-09-30 327,366 34,828 41,273
2018-06-30 317,131 35,740 38,991
2018-03-31 307,729 35,535 37,998
2017-12-31 302,134 38,216 31,399
2017-09-30 299,949 41,455 30,528
2017-06-30 295,560 37,732 28,622
2017-03-31 291,408 40,714 28,129
2016-12-31 285,295 33,594 32,189
2016-09-30 276,732 36,899 31,142
2016-06-30 271,213 40,171 32,456
2016-03-31 264,942 31,370 29,929

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tech Mahindra's earnings are expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).
  • Tech Mahindra's revenue is expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532755 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 30 Analyst Estimates (S&P Global) See Below

All data from Tech Mahindra Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532755 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 60.09 69.00 53.10 24.00
2020-03-31 54.46 62.40 49.90 33.00
2019-03-31 48.97 53.80 47.70 30.00
BSE:532755 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 49.31
2018-09-30 46.49
2018-06-30 44.02
2018-03-31 43.02
2017-12-31 35.74
2017-09-30 34.79
2017-06-30 32.65
2017-03-31 32.14
2016-12-31 33.17
2016-09-30 32.15
2016-06-30 33.59
2016-03-31 34.51

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tech Mahindra is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Tech Mahindra's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tech Mahindra has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

532755 Past Performance

  How has Tech Mahindra performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tech Mahindra's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tech Mahindra's year on year earnings growth rate has been positive over the past 5 years.
  • Tech Mahindra's 1-year earnings growth exceeds its 5-year average (39.7% vs 7.5%)
  • Tech Mahindra's earnings growth has exceeded the IN IT industry average in the past year (39.7% vs 24.5%).
Earnings and Revenue History
Tech Mahindra's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tech Mahindra Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532755 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 339,043.00 43,871.00 6,690.00
2018-09-30 327,365.50 41,272.50 6,690.00
2018-06-30 317,130.80 38,990.70 6,690.00
2018-03-31 307,729.00 37,998.00 6,690.00
2017-12-31 302,134.00 31,398.90 8,614.00
2017-09-30 299,949.40 30,528.10 8,614.00
2017-06-30 295,559.70 28,622.00 8,614.00
2017-03-31 291,408.00 28,129.00 8,614.00
2016-12-31 285,295.40 32,189.20 5,653.00
2016-09-30 276,731.80 31,141.50 5,653.00
2016-06-30 271,213.10 32,456.10 5,747.80
2016-03-31 264,942.00 29,929.00 5,702.00
2015-12-31 258,706.60 26,929.40 33,852.00
2015-09-30 249,212.60 27,390.40 26,169.40
2015-06-30 237,936.20 26,730.50 25,933.00
2015-03-31 226,213.00 26,277.00 4,595.00
2014-12-31 215,626.10 27,697.80 22,289.20
2014-09-30 205,660.80 29,744.20 22,519.20
2014-06-30 198,496.70 29,732.10 22,462.70
2014-03-31 188,314.00 30,288.00 22,064.00
2013-12-31 156,804.60 27,918.70 12,287.40
2013-09-30 125,730.00 20,578.00 10,873.10
2013-06-30 94,329.10 16,356.10 9,484.00
2013-03-31 68,731.00 12,878.00 8,250.00
2012-12-31 63,849.70 12,130.70 6,898.60
2012-09-30 60,387.50 12,133.10 8,169.10
2012-06-30 57,406.40 11,574.50 6,090.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tech Mahindra has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Tech Mahindra used its assets more efficiently than the IN IT industry average last year based on Return on Assets.
  • Tech Mahindra's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Tech Mahindra's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tech Mahindra has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

532755 Health

 How is Tech Mahindra's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tech Mahindra's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tech Mahindra is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tech Mahindra's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tech Mahindra's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 12.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tech Mahindra Company Filings, last reported 3 months ago.

BSE:532755 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 213,060.00 16,050.00 94,299.00
2018-09-30 198,218.00 14,805.00 93,943.00
2018-06-30 202,787.00 17,910.00 100,186.00
2018-03-31 193,519.00 23,966.00 64,430.00
2017-12-31 181,624.00 15,467.00 89,184.00
2017-09-30 176,430.00 14,351.00 89,687.00
2017-06-30 178,223.00 14,164.00 91,255.00
2017-03-31 169,013.00 13,662.00 52,623.00
2016-12-31 162,687.00 12,973.00 80,870.00
2016-09-30 153,711.10 12,686.80 71,350.00
2016-06-30 159,160.00 12,490.00 83,458.00
2016-03-31 147,836.00 10,909.00 50,942.00
2015-12-31 148,968.00 8,444.00 49,369.00
2015-09-30 139,336.00 7,930.00 34,905.00
2015-06-30 129,823.00 7,514.00 33,441.00
2015-03-31 124,090.00 7,001.00 32,090.00
2014-12-31 122,667.00 537.00 42,124.00
2014-09-30 110,329.00 526.40 34,220.40
2014-06-30 93,258.00 3,631.00 35,727.00
2014-03-31 93,258.00 3,631.00 35,674.00
2013-12-31 75,694.00 159.20 32,566.40
2013-09-30 75,694.00 159.20 32,566.40
2013-06-30 55,345.00 13,804.00 7,103.00
2013-03-31 55,345.00 13,804.00 7,103.00
2012-12-31 47,321.10 9,864.40 3,591.30
2012-09-30 47,321.10 9,864.40 3,591.30
2012-06-30 40,509.00 11,266.00 4,023.00
  • Tech Mahindra's level of debt (7.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.3% vs 7.5% today).
  • Debt is well covered by operating cash flow (250%, greater than 20% of total debt).
  • Tech Mahindra earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Tech Mahindra's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tech Mahindra has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

532755 Dividends

 What is Tech Mahindra's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.74%
Current annual income from Tech Mahindra dividends. Estimated to be 2.28% next year.
If you bought ₹2,000 of Tech Mahindra shares you are expected to receive ₹35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tech Mahindra's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Tech Mahindra's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532755 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 30 Analyst Estimates (S&P Global) See Below
India IT Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 1.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:532755 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 19.52 29.00
2020-03-31 17.35 32.00
2019-03-31 15.30 30.00
BSE:532755 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-07-03 14.000 1.937
2018-05-25 14.000 2.021
2017-07-25 9.000 1.731
2017-05-26 9.000 2.303
2016-07-07 6.000 1.299
2016-05-24 6.000 1.137
2015-07-06 6.000 1.191
2015-05-26 6.000 1.116
2014-07-09 5.000 0.795
2014-05-14 5.000 1.025
2013-08-12 1.250 0.305
2013-05-21 1.250 0.476
2012-08-09 1.000 0.421
2012-07-17 1.000 0.550
2012-06-05 1.000 0.574
2011-06-03 1.000 0.622
2011-05-26 1.000 0.589
2010-07-28 0.875 0.501
2009-06-01 1.000 0.477
2009-04-27 1.000 1.061
2009-04-23 2.000 2.398

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Tech Mahindra's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Tech Mahindra's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tech Mahindra afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tech Mahindra has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

532755 Management

 What is the CEO of Tech Mahindra's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
CP Gurnani
COMPENSATION ₹1,463,240,000
AGE 59
CEO Bio

Mr. Chander Prakash Gurnani, also known as CP, has been the Chief Executive Officer at Tech Mahindra Limited since May 24, 2012 and its Managing Director since August 2012. Mr. Gurnani serves as a Member of Group Executive Board at Mahindra & Mahindra Limited. He contributes significantly to Tech Mahindra's strategy and philosophy. He also played a pivotal role in the three year transformational journey of Mahindra Satyam and spearheading the eventual merger with Tech Mahindra. He served as the President of Tech Mahindra (Americas), Inc. He served as President of International Operations at Tech Mahindra Limited since 2004 and he was heading Global Operations, Sales & Marketing and Competency & Solution businesses at Tech Mahindra. He served as the Chief Executive Officer of Mahindra Satyam since April 9, 2009. He is an accomplished business leader with extensive experience in international business development, start-ups and turnarounds, joint ventures and mergers & acquisitions. He served as the Chief Executive Officer of Satyam Computer Services Limited since April 9, 2009. Prior to joining Tech Mahindra, Mr. Gurnani co-founded Perot Systems India Limited, initially set up as HCL Perot Systems. At HCL Perot Systems, he orchestrated the HCL Corporation and Perot Systems joint venture from its inception to making it one of India's top IT services companies. He served as an Executive Vice President and Chief Operating Officer of Perot Systems TSI (India) Private Limited. In a career spanning over 36 years, he has held several leading positions with HCL Hewlett Packard Limited, Perot Systems (India) Limited and HCL Corporation Ltd. He served as Chief Operating Officer of Dell International Services India Private Limited. He serves as Chairman (Advisory) at Scale Ventures. He served as the Chairman of National Association of Software and Service Companies since April 6, 2016 and has been its Director since April 6, 2016. He served as the Chairman of Nasscom at Tech Mahindra Limited since June 7, 2016 until April 12, 2017. He has been a Director of Pininfarina SpA since August 9, 2016. He has been a Director of Tech Mahindra Limited since August 10, 2012. Mr. Gurnani serves as a Director of CanvasM Technologies Limited, Mahindra Comviva, Mahindra Satyam BSG Limited, CanvasM (Americas) Inc., Servista Limited, Tech Mahindra (Thailand) Limited, Tech Mahindra (Beijing) IT Services Limited, Mahindra Logisoft Business Consultation Limited, Satyam BPO Limited, Bridge Strategy Group LLC, Satyam Venture Engineering Services Private Limited, Hutchison Global Services Private Limited and the Tennenbaum Institute at the Georgia Institute of Technology. He served as a Non-Executive Director of Dion Global Solutions Limited since March 31, 2012 until November 18, 2016. He served as Whole-time Director of Satyam Computer Services Limited since April 9, 2009. An outstanding people manager, he has an entrepreneurial style of management that is a blend of enthusiasm and dynamism. He served as a Director of Comviva Technologies Limited. He served as a Member of Advisory Board of Ixora Ventures. He was chosen as the Ernst and Young 'Entrepreneur of the Year [Manager]' in 2007, CNBC Asia's 'India Business Leader of the Year', Dataquest 'IT person of the Year' - for the year 2013 and Business Standard 'CEO of the Year' 2014. He was also recently awarded the 'Best CEO of the Year' at the Forbes India Leadership Awards held in 2015. He has always focused on people’s strength to bring out the best in them. ‘Work hard and play hard’ is his motto and he applies it to all aspects of his life with complete passion. He was also listed among the top 100 global CEOs as part of The Wall Street Journal CEO Council 2016. Recently added to the bucket was 'Asia One Global Indian of the Year - Technology' in 2016. Mr. Gurnani received a Chemical Engineering degree from the National Institute of Technology - Rourkela. He is a distinguished and active alumnus of the Institute. He has also been felicitated with an honorary Doctorate degree by Veer Surendra Sai University of Technology. He also serves as active Chairman of IIM Nagpur. He strongly believes in promoting child education. He is an active member of the Tech Mahindra Foundation– launched in 2007 to help the underprivileged children with 116,000 beneficiaries & counting. He founded ‘Titliyan’, an NGO located in Noida spreading smiles, happiness and education to more than 140 under privileged children – a dream project for the Gurnanis. His inimitable style of leadership, combined with his sharp focus on customer experience has helped Tech Mahindra emerge as one of the leading digital IT solution providers of India. He wins the Digital Warrior award from IMC.

CEO Compensation
  • CP's compensation has been consistent with company performance over the past year.
  • CP's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Tech Mahindra management team in years:

2
Average Tenure
59
Average Age
  • The tenure for the Tech Mahindra management team is about average.
Management Team

CP Gurnani

TITLE
MD, CEO & Director
COMPENSATION
₹1B
AGE
59

Anil Khatri

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹4M
TENURE
2 yrs

Sujit Baksi

TITLE
President of India Business
AGE
67
TENURE
1.7 yrs

Ravi Ravichandran

TITLE
Chief Operating Officer
TENURE
3.5 yrs

Atul Kunwar

TITLE
President & CTO
AGE
54
TENURE
3.3 yrs

Manoj Bhat

TITLE
Chief Financial Officer
TENURE
0.8 yrs

Vikas Jadhav

TITLE
Head of Investor Relations

Tuhina Pandey

TITLE
Head of Media Relations & PR

Harshvendra Soin

TITLE
Chief People Officer
TENURE
0.8 yrs

Vikram Nair

TITLE
President of EMEA Business
TENURE
13.8 yrs
Board of Directors Tenure

Average tenure and age of the Tech Mahindra board of directors in years:

5.8
Average Tenure
64
Average Age
  • The tenure for the Tech Mahindra board of directors is about average.
Board of Directors

Anand Mahindra

TITLE
Non-Executive Chairman
AGE
63

CP Gurnani

TITLE
MD, CEO & Director
COMPENSATION
₹1B
AGE
59
TENURE
6.7 yrs

Brian Maloney

TITLE
Non-Executive Chairman of Tech Mahindra - Americas
AGE
64
TENURE
1.9 yrs

Ravi Kulkarni

TITLE
Independent Director
COMPENSATION
₹15M
AGE
73
TENURE
10.1 yrs

Meleveetil Damodaran

TITLE
Independent Director
COMPENSATION
₹6M
AGE
71

Thothala Manoharan

TITLE
Independent Director
COMPENSATION
₹15M
AGE
62
TENURE
5.8 yrs

Ulhas Yargop

TITLE
Non-Executive Director
COMPENSATION
₹7M
AGE
64

Tino Puri

TITLE
Independent Director
COMPENSATION
₹8M
AGE
73

M. Rao

TITLE
Independent Director
COMPENSATION
₹6M
TENURE
5.8 yrs

Partha Parthasarathy

TITLE
Non-Executive Director
COMPENSATION
₹6M
AGE
56
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • Tech Mahindra insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
18. Apr 19 Sell M. Rao Individual 22. Mar 19 22. Mar 19 -1,000 ₹789.51 ₹-789,510
18. Apr 19 Buy S. Kulkarni Individual 16. Apr 19 16. Apr 19 1,038 ₹798.62 ₹828,968
01. Apr 19 Sell Aloke Palsikar Individual 29. Mar 19 29. Mar 19 -500 ₹776.50 ₹-388,250
29. Mar 19 Sell Narinder Sethi Individual 28. Mar 19 28. Mar 19 -1,500 ₹779.50 ₹-1,169,250
29. Mar 19 Sell M. Kameshwari Individual 28. Mar 19 29. Mar 19 -1,000 ₹777.06 ₹-776,012
27. Mar 19 Sell Riaz Mulla Individual 06. Feb 19 14. Feb 19 -2,075 ₹809.84 ₹-1,652,292
20. Mar 19 Sell Kalpana Divadkar Individual 18. Mar 19 18. Mar 19 -1,000 ₹803.55 ₹-803,550
20. Mar 19 Sell Narinder Sethi Individual 18. Mar 19 18. Mar 19 -2,000 ₹804.00 ₹-1,608,000
20. Mar 19 Sell M. Kameshwari Individual 18. Mar 19 18. Mar 19 -200 ₹796.36 ₹-159,272
15. Mar 19 Sell Rajesh Deshpande Individual 12. Mar 19 12. Mar 19 -1,000 ₹804.65 ₹-804,650
15. Mar 19 Sell Shrinivas Kabbe Individual 13. Mar 19 13. Mar 19 -500 ₹815.00 ₹-407,500
12. Mar 19 Sell Narinder Sethi Individual 08. Mar 19 08. Mar 19 -5,000 ₹810.00 ₹-4,050,000
08. Mar 19 Sell Sachin Khankoje Individual 04. Mar 19 04. Mar 19 -5,000 ₹831.80 ₹-4,159,000
08. Mar 19 Sell K Reddy Individual 01. Mar 19 06. Mar 19 -1,400 ₹816.51 ₹-1,142,264
06. Mar 19 Sell Vikas Saxena Individual 05. Mar 19 05. Mar 19 -1,000 ₹810.03 ₹-810,030
06. Mar 19 Sell S Reddy Individual 05. Mar 19 05. Mar 19 -450 ₹810.85 ₹-364,882
05. Mar 19 Sell Narinder Sethi Individual 28. Feb 19 28. Feb 19 -2,000 ₹835.00 ₹-1,670,000
05. Mar 19 Sell N. Karthikeyan Individual 28. Feb 19 01. Mar 19 -1,500 ₹835.70 ₹-1,253,550
28. Feb 19 Sell Vikas Saxena Individual 27. Feb 19 27. Feb 19 -1,000 ₹824.68 ₹-824,682
28. Feb 19 Sell Kalpana Divadkar Individual 27. Feb 19 27. Feb 19 -1,000 ₹836.00 ₹-836,000
28. Feb 19 Sell N. Karthikeyan Individual 26. Feb 19 27. Feb 19 -500 ₹837.50 ₹-418,750
01. Mar 19 Sell Kalpana Divadkar Individual 28. Feb 19 28. Feb 19 -1,000 ₹835.00 ₹-835,000
26. Feb 19 Sell N. Karthikeyan Individual 25. Feb 19 26. Feb 19 -4,500 ₹826.31 ₹-3,718,400
26. Feb 19 Sell S. Sriram Individual 21. Feb 19 21. Feb 19 -1,000 ₹820.00 ₹-820,000
22. Feb 19 Sell D. Raju Individual 21. Feb 19 21. Feb 19 -4,800 ₹828.28 ₹-3,975,744
22. Feb 19 Sell Rajesh Chandiramani Individual 21. Feb 19 21. Feb 19 -4,000 ₹822.04 ₹-3,288,175
19. Feb 19 Sell Sachin Khankoje Individual 14. Feb 19 15. Feb 19 -15,000 ₹809.85 ₹-12,090,969
19. Feb 19 Sell Vikram Nair Individual 14. Feb 19 14. Feb 19 -8,000 ₹810.00 ₹-6,480,000
31. Aug 18 Sell Prabhakar Kanagarajan Individual 22. Aug 18 27. Aug 18 -1,500 ₹737.84 ₹-1,091,799
20. Feb 19 Sell S. Sriram Individual 18. Feb 19 18. Feb 19 -2,000 ₹809.21 ₹-1,618,414
18. Feb 19 Sell Atul Saraf Individual 13. Feb 19 13. Feb 19 -5,000 ₹806.50 ₹-4,032,500
18. Feb 19 Sell Manoj Gupta Individual 11. Feb 19 11. Feb 19 -4,884 ₹810.00 ₹-3,956,040
18. Feb 19 Sell M. Rao Individual 13. Feb 19 14. Feb 19 -2,699 ₹813.31 ₹-2,192,820
18. Feb 19 Sell Rajesh Chandiramani Individual 14. Feb 19 14. Feb 19 -500 ₹809.90 ₹-404,950
14. Feb 19 Sell Rajesh Chandiramani Individual 13. Feb 19 13. Feb 19 -1,000 ₹808.95 ₹-808,950
12. Feb 19 Sell Jai Shamraj Individual 08. Feb 19 08. Feb 19 -1,320 ₹808.00 ₹-1,066,560
13. Feb 19 Sell Sachin Saraf Individual 08. Feb 19 08. Feb 19 -1,000 ₹803.60 ₹-803,598
13. Feb 19 Sell Rajesh Chandiramani Individual 12. Feb 19 12. Feb 19 -1,056 ₹811.16 ₹-856,584
12. Feb 19 Sell Jacob Paul Individual 08. Feb 19 08. Feb 19 -5,000 ₹804.00 ₹-4,020,000
12. Feb 19 Sell Pramod Patil Individual 08. Feb 19 08. Feb 19 -10,000 ₹800.00 ₹-8,000,000
12. Feb 19 Sell Atul Saraf Individual 08. Feb 19 08. Feb 19 -5,000 ₹808.65 ₹-4,043,250
12. Feb 19 Sell Biswajit Dash Individual 11. Feb 19 11. Feb 19 -1,044 ₹795.05 ₹-830,037
12. Feb 19 Sell M. Hari Individual 06. Feb 19 06. Feb 19 -9,000 ₹793.68 ₹-7,143,120
12. Feb 19 Sell Sampath Saagi Individual 11. Feb 19 11. Feb 19 -9,124 ₹809.22 ₹-7,383,315
12. Feb 19 Sell Jagdish Mitra Individual 08. Feb 19 08. Feb 19 -7,500 ₹815.00 ₹-6,112,500
12. Feb 19 Sell M. Rao Individual 08. Feb 19 11. Feb 19 -9,301 ₹809.93 ₹-7,518,693
12. Feb 19 Sell Anil Khatri Individual 08. Feb 19 08. Feb 19 -2,100 ₹805.59 ₹-1,691,748
08. Feb 19 Sell Murlimanohar Vyas Individual 06. Feb 19 06. Feb 19 -1,000 ₹787.25 ₹-787,248
08. Feb 19 Sell Tanveer Hussain Individual 08. Feb 19 08. Feb 19 -5,000 ₹813.69 ₹-4,068,475
08. Feb 19 Sell Ajay Jejurkar Individual 05. Feb 19 06. Feb 19 -1,300 ₹761.00 ₹-989,300
08. Feb 19 Sell Rajesh Plakkote Individual 08. Feb 19 08. Feb 19 -75 ₹805.75 ₹-60,431
08. Feb 19 Sell Milind Kulkarni Individual 06. Feb 19 06. Feb 19 -500 ₹809.45 ₹-404,725
07. Feb 19 Sell Raghuram Devalla Individual 06. Feb 19 06. Feb 19 -2,500 ₹809.03 ₹-2,022,574
07. Feb 19 Sell Tanveer Hussain Individual 06. Feb 19 06. Feb 19 -5,000 ₹787.88 ₹-3,939,411
07. Feb 19 Sell Rajesh Deshpande Individual 06. Feb 19 06. Feb 19 -1,000 ₹793.00 ₹-793,000
07. Feb 19 Sell Raman Vaidyanathan Individual 06. Feb 19 06. Feb 19 -2,500 ₹794.00 ₹-1,985,000
06. Feb 19 Sell Siva Ayyagari Individual 04. Feb 19 04. Feb 19 -500 ₹744.00 ₹-372,000
06. Feb 19 Sell Tanveer Hussain Individual 01. Feb 19 01. Feb 19 -3,000 ₹750.00 ₹-2,250,000
06. Feb 19 Sell Rajesh Deshpande Individual 01. Feb 19 04. Feb 19 -1,000 ₹736.00 ₹-736,000
06. Feb 19 Sell Raman Vaidyanathan Individual 01. Feb 19 01. Feb 19 -2,500 ₹740.00 ₹-1,850,000
30. Jan 19 Sell Siva Ayyagari Individual 29. Jan 19 29. Jan 19 -500 ₹732.00 ₹-366,000
28. Jan 19 Sell Jacob Paul Individual 21. Jan 19 24. Jan 19 -3,725 ₹722.01 ₹-2,683,933
28. Jan 19 Sell Siva Ayyagari Individual 25. Jan 19 25. Jan 19 -1,320 ₹727.27 ₹-960,000
28. Jan 19 Sell Rajesh Deshpande Individual 24. Jan 19 24. Jan 19 -1,000 ₹720.00 ₹-720,000
24. Jan 19 Sell Murlimanohar Vyas Individual 17. Dec 18 17. Dec 18 -1,000 ₹714.93 ₹-714,931
10. Jan 19 Sell Tanveer Hussain Individual 09. Jan 19 09. Jan 19 -1,300 ₹700.00 ₹-910,000
02. Jan 19 Sell M. Rao Individual 27. Dec 18 28. Dec 18 -15,000 ₹713.42 ₹-10,646,447
03. Jan 19 Sell Anurag Sharma Individual 02. Jan 19 02. Jan 19 -1,000 ₹725.69 ₹-725,686
03. Jan 19 Sell Satish Pai Individual 14. Dec 18 31. Dec 18 -3,000 ₹0.01 ₹-21
02. Jan 19 Sell N. Karthikeyan Individual 28. Dec 18 31. Dec 18 -3,625 ₹723.35 ₹-2,622,156
02. Jan 19 Sell Anurag Sharma Individual 31. Dec 18 31. Dec 18 -1,500 ₹721.01 ₹-1,081,521
02. Jan 19 Sell Siddharth Dey Individual 01. Jan 19 01. Jan 19 -6,000 ₹715.00 ₹-4,290,000
02. Jan 19 Sell Ramachandran Ramachandran Individual 31. Dec 18 31. Dec 18 -5,000 ₹712.81 ₹-3,564,044
02. Jan 19 Sell Rajesh Plakkote Individual 31. Dec 18 31. Dec 18 -200 ₹724.00 ₹-144,800
02. Jan 19 Sell Aloke Palsikar Individual 31. Dec 18 31. Dec 18 -750 ₹722.33 ₹-541,750
27. Dec 18 Sell Shrinivas Kabbe Individual 18. Dec 18 20. Dec 18 -2,000 ₹709.40 ₹-1,418,796
27. Dec 18 Sell Aloke Palsikar Individual 26. Dec 18 27. Dec 18 -1,000 ₹696.90 ₹-696,900
24. Dec 18 Sell Kalpana Divadkar Individual 20. Dec 18 20. Dec 18 -3,000 ₹713.84 ₹-2,141,515
07. Dec 18 Sell Jai Shamraj Individual 05. Dec 18 05. Dec 18 -1,500 ₹737.00 ₹-1,105,500
07. Dec 18 Sell Aloke Palsikar Individual 05. Dec 18 05. Dec 18 -500 ₹736.00 ₹-368,000
06. Dec 18 Sell Anurag Sharma Individual 04. Dec 18 04. Dec 18 -7,300 ₹706.42 ₹-5,156,835
06. Dec 18 Sell Harshvendra Soin Individual 03. Dec 18 05. Dec 18 -3,000 ₹732.34 ₹-2,135,757
04. Dec 18 Sell Sachin Saraf Individual 20. Aug 18 14. Sep 18 -1,600 ₹793.95 ₹-1,227,903
27. Nov 18 Sell V. Jegapriyan Individual 21. Nov 18 22. Nov 18 -1,000 ₹730.00 ₹-730,000
15. Nov 18 Sell V. Jegapriyan Individual 13. Nov 18 13. Nov 18 -2,000 ₹707.80 ₹-1,415,600
15. Nov 18 Sell Aloke Palsikar Individual 12. Nov 18 13. Nov 18 -750 ₹730.33 ₹-547,750
06. Nov 18 Buy K. Deepti Individual 27. Jul 18 27. Jul 18 8,000 ₹698.73 ₹5,589,840
06. Nov 18 Sell Amitava Ghosh Individual 02. Nov 18 02. Nov 18 -3,000 ₹712.61 ₹-2,137,830
06. Nov 18 Sell Siddharth Dey Individual 01. Nov 18 01. Nov 18 -4,800 ₹735.01 ₹-3,528,026
06. Nov 18 Sell Tanveer Hussain Individual 05. Nov 18 05. Nov 18 -5,000 ₹700.00 ₹-3,500,000
02. Nov 18 Sell Vikram Paryani Individual 31. Oct 18 31. Oct 18 -2,500 ₹740.00 ₹-1,850,000
15. Oct 18 Sell Shailesh Patwardhan Individual 11. Oct 18 11. Oct 18 -3,000 ₹700.00 ₹-2,100,000
15. Oct 18 Sell R. Venkatasubramanian Individual 09. Oct 18 09. Oct 18 -4,032 ₹281.16 ₹-1,133,655
04. Oct 18 Sell K Reddy Individual 01. Oct 18 01. Oct 18 -1,800 ₹754.76 ₹-1,358,568
01. Oct 18 Sell Riaz Mulla Individual 27. Sep 18 27. Sep 18 -10,225 ₹684.27 ₹-6,996,611
27. Sep 18 Sell S. Prashanth Individual 24. Sep 18 24. Sep 18 -2,000 ₹761.00 ₹-1,522,000
25. Sep 18 Sell Jaidev Iyengar Individual 24. Sep 18 24. Sep 18 -1,000 ₹759.23 ₹-759,230
25. Sep 18 Sell V. Jegapriyan Individual 19. Sep 18 24. Sep 18 -2,500 ₹769.95 ₹-1,924,875
25. Sep 18 Sell Kalpana Divadkar Individual 24. Sep 18 24. Sep 18 -1,000 ₹760.59 ₹-760,594
25. Sep 18 Sell Anil Khatri Individual 24. Sep 18 24. Sep 18 -200 ₹763.63 ₹-152,725
18. Sep 18 Sell Kalpana Divadkar Individual 17. Sep 18 17. Sep 18 -1,250 ₹767.67 ₹-959,593
18. Sep 18 Sell S Reddy Individual 17. Sep 18 17. Sep 18 -100 ₹768.75 ₹-76,875
18. Sep 18 Sell Basant Mishra Individual 17. Sep 18 17. Sep 18 -1,000 ₹768.42 ₹-768,425
17. Sep 18 Sell Aloke Palsikar Individual 12. Sep 18 14. Sep 18 -1,250 ₹753.00 ₹-941,250
17. Sep 18 Buy Rajesh Chandiramani Individual 10. Sep 18 10. Sep 18 100 ₹766.27 ₹76,627
12. Sep 18 Sell Puneet Kumar Individual 24. Aug 18 24. Aug 18 -2,500 ₹724.56 ₹-1,811,407
07. Sep 18 Sell Raghuram Devalla Individual 31. Aug 18 31. Aug 18 -3,000 ₹751.00 ₹-2,253,000
07. Sep 18 Sell Siddharth Dey Individual 03. Sep 18 03. Sep 18 -3,599 ₹767.00 ₹-2,760,432
07. Sep 18 Sell Aniruddha Gadre Individual 05. Sep 18 05. Sep 18 -200 ₹771.12 ₹-154,225
07. Sep 18 Sell Simmi Dhamija Individual 03. Sep 18 03. Sep 18 -2,500 ₹765.76 ₹-1,914,412
07. Sep 18 Sell Ajay Jejurkar Individual 05. Sep 18 05. Sep 18 -400 ₹750.00 ₹-300,000
11. Sep 18 Sell Puneet Kumar Individual 09. Sep 18 09. Sep 18 -1,250 ₹766.71 ₹-958,390
11. Sep 18 Sell Manoj Gupta Individual 05. Sep 18 07. Sep 18 -3,532 ₹770.00 ₹-2,719,640
11. Sep 18 Sell Basant Mishra Individual 10. Sep 18 10. Sep 18 -500 ₹770.00 ₹-385,000
06. Sep 18 Sell Kaushal Mehta Individual 04. Sep 18 04. Sep 18 -3,000 ₹765.00 ₹-2,295,000
06. Sep 18 Sell V. Jegapriyan Individual 04. Sep 18 04. Sep 18 -1,500 ₹762.45 ₹-1,143,675
06. Sep 18 Sell Prakash Kumar Individual 31. Aug 18 31. Aug 18 -3,000 ₹748.31 ₹-2,244,925
06. Sep 18 Sell Vishwanath Kini Individual 30. Aug 18 31. Aug 18 -500 ₹765.80 ₹-382,900
06. Sep 18 Sell Mukund Kannan Individual 03. Sep 18 03. Sep 18 -3,352 ₹763.77 ₹-2,560,162
06. Sep 18 Sell Vijayan Dhas Individual 27. Aug 18 03. Sep 18 -1,400 ₹748.68 ₹-1,048,155
06. Sep 18 Sell Amit Sood Individual 03. Sep 18 03. Sep 18 -4,000 ₹772.00 ₹-3,088,000
06. Sep 18 Sell Sujit Baksi Individual 05. Sep 18 05. Sep 18 -1,000 ₹774.00 ₹-774,000
03. Sep 18 Sell Siddharth Dey Individual 29. Aug 18 29. Aug 18 -1 ₹738.00 ₹-738
03. Sep 18 Sell Hrishikesh Pandit Individual 31. Aug 18 31. Aug 18 -3,000 ₹758.00 ₹-2,274,000
04. Sep 18 Sell V. Jegapriyan Individual 20. Jul 18 30. Aug 18 -4,000 ₹729.87 ₹-2,680,530
04. Sep 18 Sell Aniruddha Gadre Individual 31. Aug 18 31. Aug 18 -800 ₹750.52 ₹-600,420
03. Sep 18 Sell S Reddy Individual 03. Sep 18 03. Sep 18 -1,200 ₹766.05 ₹-919,260
03. Sep 18 Sell Rajesh Deshpande Individual 30. Aug 18 31. Aug 18 -500 ₹745.36 ₹-372,679
03. Sep 18 Sell Anil Khatri Individual 31. Aug 18 31. Aug 18 -2,600 ₹751.94 ₹-1,955,042
03. Sep 18 Sell Ulhas Yargop Individual 31. Aug 18 31. Aug 18 -91,520 ₹750.71 ₹-68,704,746
04. Sep 18 Sell Neal Jacob Individual 31. Aug 18 31. Aug 18 -1,500 ₹747.74 ₹-1,121,610
04. Sep 18 Sell Ashish Julka Individual 31. Aug 18 31. Aug 18 -8,000 ₹750.00 ₹-6,000,000
04. Sep 18 Sell Vivek Agarwal Individual 03. Sep 18 03. Sep 18 -3,000 ₹774.76 ₹-2,324,285
31. Aug 18 Sell Prakash Kumar Individual 27. Aug 18 27. Aug 18 -479 ₹740.00 ₹-354,460
31. Aug 18 Sell Harshvendra Soin Individual 31. Aug 18 31. Aug 18 -2,000 ₹751.03 ₹-1,502,060
31. Aug 18 Sell Aniruddha Gadre Individual 28. Aug 18 28. Aug 18 -200 ₹741.27 ₹-148,255
31. Aug 18 Sell Rajesh Plakkote Individual 31. Aug 18 31. Aug 18 -500 ₹762.35 ₹-381,175
31. Aug 18 Sell Shivanand Raja Individual 31. Aug 18 31. Aug 18 -5,500 ₹751.29 ₹-4,132,095
30. Aug 18 Sell Jaldev Iyengar Individual 28. Aug 18 28. Aug 18 -400 ₹739.80 ₹-295,920
30. Aug 18 Sell Sharat Kumarjiguda Individual 24. Aug 18 24. Aug 18 -3,000 ₹716.17 ₹-2,148,514
30. Aug 18 Sell Rajesh Plakkote Individual 28. Aug 18 28. Aug 18 -1,000 ₹745.00 ₹-745,000
28. Aug 18 Sell Aniruddha Gadre Individual 27. Aug 18 27. Aug 18 -700 ₹730.47 ₹-511,330
28. Aug 18 Sell Dhanashree Bhat Individual 24. Aug 18 24. Aug 18 -4,200 ₹727.87 ₹-3,057,054
28. Aug 18 Sell Shivanand Raja Individual 24. Aug 18 24. Aug 18 -5,000 ₹727.07 ₹-3,635,350
28. Aug 18 Sell Thothala Manoharan Individual 27. Aug 18 27. Aug 18 -30,000 ₹727.50 ₹-21,824,861
28. Aug 18 Sell Sujit Baksi Individual 27. Aug 18 27. Aug 18 -2,000 ₹739.00 ₹-1,478,000
27. Aug 18 Sell Ramachandran Ramachandran Individual 21. Aug 18 21. Aug 18 -6,000 ₹701.93 ₹-4,211,565
27. Aug 18 Sell Biswajit Dash Individual 23. Aug 18 23. Aug 18 -10,000 ₹698.72 ₹-6,987,213
24. Aug 18 Sell Prakash Kumar Individual 23. Aug 18 23. Aug 18 -4,500 ₹729.56 ₹-3,283,000
24. Aug 18 Sell Aniruddha Gadre Individual 23. Aug 18 23. Aug 18 -600 ₹725.82 ₹-435,494
24. Aug 18 Sell Narinder Sethi Individual 23. Aug 18 23. Aug 18 -4,000 ₹721.90 ₹-2,887,600
24. Aug 18 Sell Aloke Palsikar Individual 21. Aug 18 23. Aug 18 -2,000 ₹719.50 ₹-1,439,000
24. Aug 18 Sell Vivek Agarwal Individual 23. Aug 18 23. Aug 18 -4,900 ₹725.98 ₹-3,557,311
24. Aug 18 Sell S. Sriram Individual 21. Aug 18 23. Aug 18 -6,500 ₹707.25 ₹-4,597,145
24. Aug 18 Sell Manoj Chugh Individual 23. Aug 18 23. Aug 18 -500 ₹730.00 ₹-365,000
24. Aug 18 Sell Sujit Baksi Individual 23. Aug 18 23. Aug 18 -3,000 ₹721.67 ₹-2,165,010
23. Aug 18 Sell Prakash Kumar Individual 21. Aug 18 21. Aug 18 -1,500 ₹711.33 ₹-1,067,000
23. Aug 18 Sell Narinder Sethi Individual 17. Aug 18 21. Aug 18 -2,000 ₹699.75 ₹-1,399,500
23. Aug 18 Sell Simmi Dhamija Individual 21. Aug 18 21. Aug 18 -3,000 ₹708.33 ₹-2,125,000
23. Aug 18 Sell Sampath Saagi Individual 23. Aug 18 23. Aug 18 -7,000 ₹719.14 ₹-5,034,000
23. Aug 18 Sell Rajesh Plakkote Individual 21. Aug 18 21. Aug 18 -750 ₹710.00 ₹-532,500
23. Aug 18 Sell Vivek Agarwal Individual 21. Aug 18 21. Aug 18 -2,100 ₹704.33 ₹-1,479,102
23. Aug 18 Sell Meleveetil Damodaran Individual 21. Aug 18 21. Aug 18 -10,000 ₹704.56 ₹-7,045,634
23. Aug 18 Sell Manoj Chugh Individual 21. Aug 18 21. Aug 18 -500 ₹714.00 ₹-357,000
23. Aug 18 Sell Sujit Baksi Individual 21. Aug 18 21. Aug 18 -3,000 ₹712.02 ₹-2,136,060
21. Aug 18 Sell Satish Pai Individual 13. Aug 18 14. Aug 18 -3,000 ₹670.75 ₹-2,012,250
21. Aug 18 Sell Harshvendra Soin Individual 17. Aug 18 20. Aug 18 -4,500 ₹683.98 ₹-3,077,918
21. Aug 18 Sell Vikas Gupta Individual 21. Aug 18 21. Aug 18 -6,000 ₹716.30 ₹-4,297,800
21. Aug 18 Sell Sujit Baksi Individual 17. Aug 18 17. Aug 18 -5,000 ₹682.00 ₹-3,410,000
16. Aug 18 Sell Rajib Bhattacharyya Individual 14. Aug 18 14. Aug 18 -9,600 ₹672.89 ₹-6,459,744
16. Aug 18 Sell M. Kameshwari Individual 14. Aug 18 14. Aug 18 -500 ₹670.10 ₹-335,049
16. Aug 18 Sell Rajesh Plakkote Individual 14. Aug 18 14. Aug 18 -750 ₹675.00 ₹-506,250
14. Aug 18 Sell Amitava Ghosh Individual 13. Aug 18 13. Aug 18 -1,750 ₹657.11 ₹-1,149,938
14. Aug 18 Sell Basant Mishra Individual 13. Aug 18 13. Aug 18 -4,000 ₹664.22 ₹-2,656,864
09. Aug 18 Sell Sunil Sanger Individual 02. Aug 18 02. Aug 18 -1,500 ₹668.08 ₹-1,002,117
09. Aug 18 Sell Dhanashree Bhat Individual 06. Aug 18 06. Aug 18 -3,000 ₹671.65 ₹-2,014,950
09. Aug 18 Sell Manoj Chugh Individual 06. Aug 18 06. Aug 18 -700 ₹664.29 ₹-465,000
07. Aug 18 Sell Sanjay Singh Individual 31. Jul 18 31. Jul 18 -1,000 ₹661.00 ₹-661,000
07. Aug 18 Sell Rajesh Deshpande Individual 07. Aug 18 07. Aug 18 -2,000 ₹658.00 ₹-1,316,000
01. Aug 18 Sell G Haresh Individual 30. Jul 18 30. Jul 18 -3,750 ₹653.28 ₹-2,449,808
17. Jul 18 Sell Shailesh Gumphekar Individual 13. Jul 18 13. Jul 18 -3,000 ₹640.00 ₹-1,920,000
09. Jul 18 Sell H. Kameshwari Individual 29. Jun 18 29. Jun 18 -2,500 ₹660.64 ₹-1,651,600
29. Jun 18 Sell Hemav Mahanta Individual 28. Jun 18 29. Jun 18 -3,000 ₹707.22 ₹-2,121,660
27. Jun 18 Sell Pramod Patil Individual 25. Jun 18 25. Jun 18 -5,000 ₹692.89 ₹-3,464,425
28. Jun 18 Sell Rajesh Plakkote Individual 27. Jun 18 27. Jun 18 -1,000 ₹715.00 ₹-715,000
28. Jun 18 Sell Aloke Palsikar Individual 26. Jun 18 27. Jun 18 -2,000 ₹702.50 ₹-1,405,000
28. Jun 18 Sell Shivanand Raja Individual 27. Jun 18 27. Jun 18 -1,000 ₹714.50 ₹-714,500
28. Jun 18 Sell Anil Khatri Individual 27. Jun 18 27. Jun 18 -900 ₹707.19 ₹-636,474
28. Jun 18 Sell Lakshmanan Chidambaram Individual 27. Jun 18 27. Jun 18 -5,000 ₹700.00 ₹-3,500,000
27. Jun 18 Sell Kalpana Divadkar Individual 25. Jun 18 25. Jun 18 -3,000 ₹698.20 ₹-2,094,606
27. Jun 18 Sell Venugopal Kandimalla Individual 18. Jun 18 18. Jun 18 -1,200 ₹711.50 ₹-853,800
27. Jun 18 Sell Rakesh Soni Individual 25. Jun 18 26. Jun 18 -12,000 ₹693.34 ₹-8,320,071
25. Jun 18 Sell Kalpana Divadkar Individual 21. Jun 18 21. Jun 18 -3,000 ₹698.75 ₹-2,096,249
25. Jun 18 Sell Shalaka Diwadkar Individual 21. Jun 18 21. Jun 18 -2,550 ₹682.40 ₹-1,740,124
21. Jun 18 Sell Prakash Kumar Individual 18. Jun 18 18. Jun 18 -1,221 ₹711.99 ₹-869,340
29. May 18 Sell Anil Sane Individual 24. May 18 24. May 18 -500 ₹715.00 ₹-357,500
20. Jun 18 Sell Sunil Sanger Individual 18. Jun 18 18. Jun 18 -3,000 ₹710.20 ₹-2,130,613
20. Jun 18 Sell Ramachandran Ramachandran Individual 13. Jun 18 13. Jun 18 -5,000 ₹707.86 ₹-3,539,292
20. Jun 18 Sell Rakesh Soni Individual 18. Jun 18 18. Jun 18 -18,000 ₹708.66 ₹-12,755,903
18. Jun 18 Sell Chander Gurnani Individual 14. Jun 18 14. Jun 18 -175,000 ₹705.10 ₹-123,392,491
14. Jun 18 Sell Ramachandran Ramachandran Individual 11. Jun 18 11. Jun 18 -10,000 ₹707.86 ₹-7,078,579
14. Jun 18 Sell Simmi Dhamija Individual 11. Jun 18 11. Jun 18 -4,000 ₹711.91 ₹-2,847,650
12. Jun 18 Sell G Haresh Individual 08. Jun 18 08. Jun 18 -2,500 ₹712.00 ₹-1,780,000
12. Jun 18 Sell Manoj Chugh Individual 08. Jun 18 08. Jun 18 -500 ₹714.00 ₹-357,000
12. Jun 18 Sell Chander Gurnani Individual 08. Jun 18 11. Jun 18 -247,351 ₹712.82 ₹-176,315,772
11. Jun 18 Sell Sampath Saagi Individual 08. Jun 18 08. Jun 18 -5,000 ₹714.00 ₹-3,570,000
11. Jun 18 Sell Shivanand Raja Individual 11. Jun 18 11. Jun 18 -3,000 ₹715.08 ₹-2,145,240
08. Jun 18 Sell Manoj Chugh Individual 05. Jun 18 05. Jun 18 -500 ₹704.00 ₹-352,000
07. Jun 18 Sell Shivanand Raja Individual 05. Jun 18 05. Jun 18 -1,000 ₹707.23 ₹-707,230
07. Jun 18 Sell Chander Gurnani Individual 04. Jun 18 05. Jun 18 -352,649 ₹705.32 ₹-248,731,532
06. Jun 18 Sell Biswajit Dash Individual 30. May 18 30. May 18 -4,708 ₹695.00 ₹-3,272,060
04. Jun 18 Sell N. Karthikeyan Individual 01. Jun 18 01. Jun 18 -2,000 ₹709.42 ₹-1,418,850
04. Jun 18 Sell Aloke Palsikar Individual 01. Jun 18 01. Jun 18 -1,000 ₹704.26 ₹-704,262
04. Jun 18 Sell Meleveetil Damodaran Individual 31. May 18 01. Jun 18 -10,000 ₹703.55 ₹-6,900,071
30. May 18 Sell Chander Prakash Individual 28. May 18 28. May 18 -2,500 ₹685.25 ₹-1,713,125
31. May 18 Sell Vikas Saxena Individual 28. May 18 30. May 18 -3,880 ₹680.50 ₹-2,624,144
31. May 18 Sell Rakesh Soni Individual 30. May 18 30. May 18 -3,000 ₹682.72 ₹-2,048,156
02. May 18 Sell Hemav Mahanta Individual 23. Apr 18 24. Apr 18 -3,000 ₹689.36 ₹-2,068,087
X
Management checks
We assess Tech Mahindra's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tech Mahindra has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

532755 News

Simply Wall St News

532755 Company Info

Description

Tech Mahindra Limited provides information technology (IT) services and solutions in the Americas, Europe, India, and internationally. It offers IT outsourcing, consulting, next generation, application outsourcing, network, infrastructure management, integrated engineering, business process outsourcing, platform, and mobile value added services. The company provides consulting-led integrated portfolio services to telecom equipment manufacturers and telecom service providers; IT infrastructure services; business process outsourcing services; and enterprise solutions services of IT and IT-enabled services. It also offers IT services, such as IT enabled services, application development and maintenance, consulting and enterprise business solutions, extended engineering solutions, and infrastructure management services to insurance, banking and financial services, manufacturing, telecommunications, transportation, and engineering services industries. In addition, the company provides new generation solutions, such as big data, cloud computing, content delivery network, device testing and certification, digital enterprise, green and sustainability, long term evolution, Internet of Things, supply chain, smart grid and city, and spend management solutions. Further, it offers cloud services; customer experience solutions; enterprise architecture services; enterprise resource planning, data and analytics, and other enterprise platforms; and DevOps solutions, as well as solutions to manage customer relationships and human capital management. Additionally, it provides integrated engineering solutions; infrastructure management, mobility, networking, performance engineering, product life cycle management, and testing services; and enterprise security and risk management services. The company has a strategic partnership with Avaamo for developing conversational AI solutions for global enterprises. Tech Mahindra Limited was founded in 1986 and is based in Pune, India.

Details
Name: Tech Mahindra Limited
532755
Exchange: BSE
Founded: 1986
₹693,393,058,801
866,362,290
Website: http://www.techmahindra.com
Address: Tech Mahindra Limited
Plot No. 1, Phase III,
Rajiv Gandhi Infotech Park,
Pune,
Maharashtra, 411057,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI TECHM Equity Shares National Stock Exchange of India IN INR 28. Aug 2006
BSE 532755 Equity Shares Mumbai Stock Exchange IN INR 28. Aug 2006
Number of employees
Current staff
Staff numbers
121,842
Tech Mahindra employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 12:46
End of day share price update: 2019/04/22 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.