Declared Dividend • Apr 25
Final dividend of ₹36.00 announced Shareholders will receive a dividend of ₹36.00. Ex-date: 3rd July 2026 Payment date: 14th August 2026 Dividend yield will be 3.7%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (82% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.4% to bring the payout ratio under control. EPS is expected to grow by 57% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Apr 23
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹54.28 (up from ₹48.01 in FY 2025). Revenue: ₹568.2b (up 7.2% from FY 2025). Net income: ₹48.1b (up 13% from FY 2025). Profit margin: 8.5% (up from 8.0% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.2%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Tillkännagivande • Apr 22
Tech Mahindra Limited, Annual General Meeting, Jul 17, 2026 Tech Mahindra Limited, Annual General Meeting, Jul 17, 2026, at 15:30 Indian Standard Time. Tillkännagivande • Apr 01
Tech Mahindra Limited to Report Q4, 2026 Results on Apr 22, 2026 Tech Mahindra Limited announced that they will report Q4, 2026 results on Apr 22, 2026 Tillkännagivande • Mar 06
Tech Mahindra Launches Agentic Payment Assistance and Collections Optimization Solution Tech Mahindra announced the launch of 'Agentic Payment Assistance & Collections Optimization' solution. The enterprise-ready solution will be available in Amazon Web Services Marketplace and will help global telecommunications operators to efficiently discover, test, deploy, and manage a wide range of software solutions, including pre-built AI agents. It will enable enterprises to seamlessly integrate all tools into a centralized platform, while benefiting from secure, scalable cloud infrastructure. The solution combines Tech Mahindra's deep telecom expertise with native AWS services. The solution leverages Amazon Bedrock for generative and agentic AI capabilities, Amazon Connect for omnichannel customer engagement, and AWS Step Functions for intelligent workflow orchestration. Tech Mahindra's 'Agentic Payment Assistance & Collections Optimization' solution integrates seamlessly with leading billing and Customer Relationship Management platforms, demonstrating agentic behavior by reasoning across multiple data signals, taking autonomous actions, and continuously learning to improve recommendations over time. The solution also helps operators balance automation with human oversight, particularly for vulnerable customers and complex cases by shifting payment assistance from a reactive intervention to a proactive workflow. 'Agentic Payment Assistance & Collections Optimization' enables telecom operators to transform human-intensive payment processes into intelligent, agent-driven workflows. The solution continuously monitors payment risk, autonomously assesses eligibility, sets up payment arrangements, and orchestrates timely follow-ups across instant messaging applications, chat, voice, and SMS, while ensuring compliance and secure engagement across channels. Through 'Agentic Payment Assistance & Collections Optimization', Tech Mahindra strengthens its position as a leader in agentic AI-led telecom innovation, while enabling joint go-to-market momentum and co-sell opportunities with AWS. For customers, the offering delivers faster access to a scalable, enterprise-ready AI solution that improves revenue protection, reduces churn, and enhances customer experience with measurable business impact. Price Target Changed • Feb 04
Price target increased by 7.2% to ₹1,768 Up from ₹1,650, the current price target is an average from 42 analysts. New target price is 7.5% above last closing price of ₹1,645. Stock is down 1.0% over the past year. The company is forecast to post earnings per share of ₹57.59 for next year compared to ₹48.00 last year. Price Target Changed • Jan 19
Price target increased by 7.4% to ₹1,759 Up from ₹1,637, the current price target is an average from 42 analysts. New target price is approximately in line with last closing price of ₹1,718. Stock is up 2.6% over the past year. The company is forecast to post earnings per share of ₹57.64 for next year compared to ₹48.00 last year. Reported Earnings • Jan 17
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹12.66 (up from ₹11.10 in 3Q 2025). Revenue: ₹143.9b (up 8.3% from 3Q 2025). Net income: ₹11.2b (up 14% from 3Q 2025). Profit margin: 7.8% (up from 7.4% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Tillkännagivande • Dec 31
Tech Mahindra Limited to Report Q3, 2026 Results on Jan 16, 2026 Tech Mahindra Limited announced that they will report Q3, 2026 results on Jan 16, 2026 Reported Earnings • Oct 15
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: ₹13.48 (down from ₹14.12 in 2Q 2025). Revenue: ₹140.3b (up 5.4% from 2Q 2025). Net income: ₹11.9b (down 4.4% from 2Q 2025). Profit margin: 8.5% (down from 9.4% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 6.0%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Tillkännagivande • Sep 30
Tech Mahindra Limited to Report Q2, 2026 Results on Oct 14, 2025 Tech Mahindra Limited announced that they will report Q2, 2026 results on Oct 14, 2025 Tillkännagivande • Sep 24
Tech Mahindra Unveils Techm Orion Marketplace Tech Mahindra unveiled TechM Orion Marketplace, an Agentic AI marketplace that offers a robust ecosystem of intelligent, autonomous and action-oriented AI agents that collaborate, evolve, adapt, and scale. TechM Orion Marketplace is engineered to centralize AI governance, reduce the cognitive load on employees, and enable AI agents to operate autonomously across complex workflows. TechM Orion Marketplace leverages advanced Agentic AI frameworks, large language models (LLMs), and machine learning algorithms to provide customized solutions for a wide range of enterprise applications across industries. It empowers agents with faster time-to-value, reduces operational costs, ensures sustained competitive advantage and unlocks measurable business impact. It further ensures intelligent automation is deployed with the right governance while providing scalable AI solutions that continuously learn from process data to accurately predict future scenarios and outcomes. TechM Orion Marketplace launched its TechM Orion platform in July 2025. The introduction of TechM Orion Marketplace marks the next leap forward, showcasing the organization's rapidly evolving suite of agentic AI offerings. TechM Orion Marketplace offers global enterprises AI-powered voice agents and real-time query resolution, enabling agents to make autonomous decisions, adapt, and collaborate in real time. This drives operational excellence, improves productivity, and minimizes errors without constant human intervention. The development of TechM Orion Marketplace is a strategic extension of Tech Mahindra's focus on platform-led, AI-first solutions. It aligns closely with Tech Mahindra's 'AI Delivered Right' philosophy, prioritizing enterprise-grade AI that is ethical, responsible, and results-oriented. With this Marketplace, Tech Mahindra strengthens its commitment to helping enterprises stay ahead in a rapidly evolving digital economy. Tillkännagivande • Jul 24
Tech Mahindra Unveils Techm Orion Tech Mahindra announced the launch of TechM Orion, a next-generation AI agent development and deployment platform powered by NVIDIA accelerated computing. The platform is designed to help enterprises scale AI adoption responsibly and efficiently, with a focus on governance, transparency, and tangible business outcomes. TechM Orion is built on NVIDIA accelerated computing and the NVIDIA AI Enterprise software suite, leveraging NVIDIA NIM, NVIDIANeMo, and NVIDIARAPIDS for efficient AI inference, model training and customization. It enables cloud, on-premise, and hybrid deployments, allowing seamless integration with clients' systems and third-party tools to maximize existing AI investments and support scalable growth. TechM Orion is architected to drive productivity and accelerate innovation, enabling global enterprises to deploy AI solutions faster, whether in assisted or fully autonomous environments, while maintaining control and transparency throughout the AI lifecycle. It also integrates AI agents from SaaS platforms, simplifying orchestration and boosting scalability with embedded assurance guardrails. TechM Orion will enable accelerated Agentic AI adoption for enterprises with: AI agents that can be built and deployed in under 1 week using the C2A (Chat-to-Agent) interface, compared to traditional timelines of 2-3 weeks. Library of 200+ pre-built, production-grade AI agents available across five industries: Banking and Financial Services, Telecom, Healthcare, Manufacturing, and Retail & Consumer Goods. Seamless integration with enterprise systems in near real-time using a combination of: Pre-configured connectors; Low-code custom adapters built in Python; Out-of-the-box agentic frameworks (e.g., Agentic RAG, document readers); Enterprise adapters (e.g., Email, SAP, Salesforce); 30+ configurable AI governance checks for each agent to ensure transparency, validation, verification, and alignment with regional compliance standards. Key benefits for enterprises: Rapid agent development and deployment: TechM Orion comes prepackaged with a large number of use cases on agentic workflows that seamlessly integrate with clients' existing solutions; Verification and Validation observer: TechM's proprietary VerifAI system sits as an observer agent across the workflow to provide guardrails for secure and ethical usage of data; Enterprise knowledge ready: The platform provides an ability to use local knowledge by RAG and fine-tuned models which enable enterprises to use their knowledge repositories to avoid hallucinations and drifts. Tillkännagivande • Jun 30
Tech Mahindra Limited to Report Q1, 2026 Results on Jul 16, 2025 Tech Mahindra Limited announced that they will report Q1, 2026 results on Jul 16, 2025 Upcoming Dividend • Jun 27
Upcoming dividend of ₹30.00 per share Eligible shareholders must have bought the stock before 04 July 2025. Payment date: 16 August 2025. Payout ratio and cash payout ratio are on the higher end at 94% and 77% respectively. Trailing yield: 2.7%. Within top quartile of Indian dividend payers (1.2%). In line with average of industry peers (2.8%). Reported Earnings • Jun 25
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹48.01 (up from ₹26.66 in FY 2024). Revenue: ₹529.9b (up 1.9% from FY 2024). Net income: ₹42.5b (up 80% from FY 2024). Profit margin: 8.0% (up from 4.5% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Tillkännagivande • Apr 25
Tech Mahindra Limited, Annual General Meeting, Jul 17, 2025 Tech Mahindra Limited, Annual General Meeting, Jul 17, 2025, at 15:30 Indian Standard Time. Reported Earnings • Apr 25
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹48.00 (up from ₹26.66 in FY 2024). Revenue: ₹529.9b (up 1.9% from FY 2024). Net income: ₹42.5b (up 80% from FY 2024). Profit margin: 8.0% (up from 4.5% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Tillkännagivande • Apr 24
Tech Mahindra Limited Recommends Final Dividend for the Financial Year Ended 31 March, 2025, Payable Before 15 August 2025 Tech Mahindra Limited, at the board meeting held on 24 April, 2025 recommended Final Dividend of INR 30/- per equity share of the face value of INR 5/- each (600%) for the financial year ended 31 March, 2025, subject to the Members' approval at the forthcoming Annual General Meeting of the Company. The Register of Members and Share Transfer Books of the Company will remain closed for the purpose of payment of dividend and AGM from 5 July 2025 to 17 July 2025 (both days inclusive). The Final Dividend on equity shares for the year ended 31 March 2025, as recommended by the Board of Directors and if declared at the AGM, will be paid/dispatched by the Company before 15 August 2025, through permitted modes, to those shareholders or their mandates: a) Whose names appear as Beneficial Owners as at the end of the business hours on Friday, 4 July 2025, in the list of Beneficial Owners to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited in respect of the shares held in dematerialised form; and b) Whose names appear as Members in the Register of Members of the Company as at the end of the business hours on Friday, 4th July 2025, after giving effect to valid request(s) received for transmission/transposition of shares and lodged with the Company/its Registrar & Transfer Agent on or before on 4 July 2025. Tillkännagivande • Mar 31
Tech Mahindra Limited to Report Q4, 2025 Results on Apr 24, 2025 Tech Mahindra Limited announced that they will report Q4, 2025 results on Apr 24, 2025 Tillkännagivande • Mar 27
Tech Mahindra Launches Altavec, Next-Generation Spatial Technology Platform for Global Geospatial Transformation Tech Mahindra has announced the global launch of Altavec™?, an innovative spatial technology platform designed to revolutionize geospatial data management and large-scale mapping operations. Having established a strong presence in Australia and the broader APJ region, Altavec™? is now being introduced to new geographies, including the United States and Europe, to empower industries with cutting-edge geospatial intelligence solutions. Altavec™? is a versatile, AI-driven platform that combines human expertise with advanced automation to transform spatial data into actionable insights. The platform's modular architecture enables seamless integration and scalability across industries such as utilities, telecommunications, government, and infrastructure planning, providing organizations with the tools to optimize operations and drive efficiency. By leveraging real-time data processing, AI-powered analytics, and intelligent automation, Altavec™? streamlines mapping workflows, enhances resilience and supports smarter decision-making. Altavec™? leverages machine learning and cloud-based architecture, providing rapid access to spatial intelligence and enabling predictive operations, performance, safety, and reliability. The platform uses LiDAR and high-definition imagery to identify and mitigate infrastructure risks, creating precise 3D digital network models. The platform's versatile architecture and modules combine technical excellence, extensive experience, and a culture of innovation, enabling automation, scalability, and seamless integration to meet the specific needs of essential infrastructure owners, operators, and maintainers. Tillkännagivande • Feb 14
Tech Mahindra Limited Announces the Resignation of Abhishek Shankar as President - Communications Business, Americas and Senior Management Personnel Tech Mahindra Limited announced that Mr. Abhishek Shankar, President - Communications Business, Americas and Senior Management Personnel has tendered his resignation from services of the Company due to his future career plans. The Company has agreed to relieve him from the services of the Company effective from close of business hours on March 3, 2025. Reported Earnings • Jan 18
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: ₹11.10 (up from ₹5.77 in 3Q 2024). Revenue: ₹132.9b (up 1.4% from 3Q 2024). Net income: ₹9.83b (up 93% from 3Q 2024). Profit margin: 7.4% (up from 3.9% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.2%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Tillkännagivande • Dec 31
Tech Mahindra Limited to Report Q3, 2025 Results on Jan 17, 2025 Tech Mahindra Limited announced that they will report Q3, 2025 results on Jan 17, 2025 Tillkännagivande • Nov 30
Tech Mahindra Limited Appoints Mr. Puneet Renjhen as Non-Executive Director Tech Mahindra Limited approved the appointment of Mr. Puneet Renjhen as Non-Executive Director of the Company, liable to retire by rotation. Mr. Puneet Renjhen is a member of the Group Executive Board of the Mahindra Group and leads Partnerships and Alliances (P&A) for all group companies. In addition, he serves as Board of Director for various companies such as Mahindra Holdings Ltd., Mahindra Susten, Brainbees Solutions Ltd., Sustainable Energy Infra Investment Managers and Smartshift Logistics. With an overall work experience of over 20 years, Mr. Puneet Renjhen has spent two decades in investment banking with Kotak Mahindra Capital, Lazard, Citibank and Standard Chartered, and worked in their London, Singapore and Mumbai offices. Mr. Puneet Renjhen has advised on and raised capital in excess of USD 25bn for both global and Indian corporates. Some of the marquee transactions Mr. Puneet Renjhen has led at Mahindra include British International Investment and Temasek's investment in Mahindra & Mahindra's Four-Wheel Passenger Electric Vehicles Business, Ontario Teachers' strategic partnership in the renewable energy space, IFC's investment in Last Mile Mobility, acquisition of Rivigo, a last mile logistics platform, sale of investment in Centre for Sight. Mr. Puneet Renjhen holds a Masters' Degree in Business Administration from the Indian School of Business in Hyderabad and has completed executive education courses at the Harvard Business School and London Business School. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive Director Puneet Renjhen was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Oct 28
Price target increased by 7.0% to ₹1,660 Up from ₹1,551, the current price target is an average from 41 analysts. New target price is approximately in line with last closing price of ₹1,702. Stock is up 51% over the past year. The company is forecast to post earnings per share of ₹48.51 for next year compared to ₹26.66 last year. Declared Dividend • Oct 23
First half dividend increased to ₹15.00 Dividend of ₹15.00 is 25% higher than last year. Ex-date: 31st October 2024 Payment date: 17th November 2024 Dividend yield will be 2.5%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio). However, it is covered by cash flows (68% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control. EPS is expected to grow by 95% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Oct 19
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: ₹14.12 (up from ₹5.59 in 2Q 2024). Revenue: ₹138.3b (up 7.5% from 2Q 2024). Net income: ₹12.5b (up 153% from 2Q 2024). Profit margin: 9.0% (up from 3.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Tillkännagivande • Oct 01
Tech Mahindra Limited to Report Q2, 2025 Results on Oct 19, 2024 Tech Mahindra Limited announced that they will report Q2, 2025 results at 4:00 PM, Indian Standard Time on Oct 19, 2024 Tillkännagivande • Sep 25
Tech Mahindra Limited Announces Board Changes Effective October 1, 2024 Tech Mahindra Limited announced changes in Board of Directors of the Company w.e.f. 1st October, 2024. The Board of Directors of the Company, basis the recommendation of the Nomination and Remuneration Committee, has on 25th September 2024 at 7:47 pm (IST) approved the appointment of Mr. Puneet Renjhen (DIN:09498488) as an Additional and Non-Executive Director on the Board of the Company, with effect from 1st October, 2024. Mr. Amarjyoti Barua, Non-Executive Director of the Company (DIN: 09202472) has on 25th September 2024, tendered his resignation from the Board of the Company with effect from 1st October 2024, in view of his work commitments. Mr. Puneet Renjhen is a member of the Group Executive Board of the Mahindra Group and leads Partnerships and Alliances (P&A) for all group companies. In addition, he serves as Board of Director for various companies such as Mahindra Holdings Ltd., Mahindra Susten, Brainbees Solutions Ltd., Sustainable Energy Infra Investment Managers and Smartshift Logistics. With an overall work experience of over 20 years, Mr. Puneet Renjhen has spent two decades in investment banking with Kotak Mahindra Capital, Lazard, Citibank and Standard Chartered, and worked in their London, Singapore and Mumbai offices. Mr. Puneet Renjhen has advised on and raised capital in excess of USD 25bn for both global and Indian corporates. Some of the marquee transactions Mr. Puneet Renjhen has led at Mahindra include British International Investment and Temasek's investment in Mahindra & Mahindra's Four-Wheel Passenger Electric Vehicles Business, Ontario Teachers' strategic partnership in the renewable energy space, IFC's investment in Last Mile Mobility, acquisition of Rivigo, a last mile logistics platform, sale of investment in Centre for Sight. Mr. Puneet Renjhen holds a Masters' Degree in Business Administration from the Indian School of Business in Hyderabad and has completed executive education courses at the Harvard Business School and London Business School. Buy Or Sell Opportunity • Sep 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to ₹1,608. The fair value is estimated to be ₹1,334, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Tillkännagivande • Aug 01
Tech Mahindra Limited Announces Board Cessations The Members of the Tech Mahindra Limited had at their 32nd Annual General Meeting held on 1 August 2019, approved the re-appointment of Mr. T.N. Manoharan (DIN: 01186248) and Ms. M. Rajyalakshmi Rao (DIN: 00009420) as Non-Executive Independent Directors of the Company, to hold office for a second term of five (consecutive) years commencing from 1 August 2019 to 31 July 2024. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (`SEBI Listing Regulations'), second consecutive term of appointment of Mr. T.N. Manoharan & Ms. M. Rajyalakshmi Rao as Independent Director of the Company has ended on July 31, 2024. Consequently, Mr. T.N. Manoharan and Ms. M. Rajyalakshmi Rao have ceased to be Independent Director of the Company with effect from 1 August 2024. Price Target Changed • Jul 28
Price target increased by 9.5% to ₹1,469 Up from ₹1,341, the current price target is an average from 41 analysts. New target price is approximately in line with last closing price of ₹1,541. Stock is up 41% over the past year. The company is forecast to post earnings per share of ₹46.24 for next year compared to ₹26.66 last year. Tillkännagivande • Jul 26
Tech Mahindra Limited Announces Mr. Nitesh Aggarwal, Chief Strategy Officer, as Senior Management Personnel Tech Mahindra Limited announced that Mr. Nitesh Aggarwal, Chief Strategy Officer is designated as Senior Management Personnel of the Company effective 26th July 2024. Nitesh Aggarwal is the Chief Strategy Officer at Tech Mahindra and leads global strategy and corporate and sales transformation. Nitesh brings a wealth of experience across multiple functions including sales, operations, sales transformation, and corporate strategy. Nitesh is passionate about driving change and transformation at scale. In his career spanning 19+ years, he has worked with firms such as Infosys and Genpact and has driven strategic initiatives in the areas of sales excellence involving CRM and sales enablement tools, social selling, sales analytics and sales headcount and performance planning and governance. He also led several sales transformation programs across large account management, new account acquisition and large deal programs. Nitesh is also a member of the Chief Strategy Officer forum of the Confederation of Indian Industry. Nitesh holds an MBA from the Indian Institute of Management at Ahmedabad and has also attended an executive leadership program at Stanford School of Business. Nitesh and family are based out of Bangalore, India. Upcoming Dividend • Jul 12
Upcoming dividend of ₹28.00 per share Eligible shareholders must have bought the stock before 19 July 2024. Payment date: 09 August 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.7%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (2.0%). Board Change • Jul 05
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Director Neelam Dhawan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 30
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹26.66 (down from ₹54.76 in FY 2023). Revenue: ₹520.0b (down 2.4% from FY 2023). Net income: ₹23.6b (down 51% from FY 2023). Profit margin: 4.5% (down from 9.1% in FY 2023). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.7%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Tillkännagivande • Jun 29
Tech Mahindra Limited to Report Q1, 2025 Results on Jul 25, 2024 Tech Mahindra Limited announced that they will report Q1, 2025 results on Jul 25, 2024 Tillkännagivande • May 30
TechMahindra Appoints Arnav Sharma as Head of Global Strategic Marketing Programs and CEO Comms Arnav Sharma has joined TechMahindra as Head of Global Strategic Marketing Programs and CEO Comms. His career began as a Summer Intern at Lee, later assuming the position of Deputy Manager, Marketing at Wipro and Marketing Advisor at Dell. He was the Global Head of Marketing - Lifesciences and Healthcare Business at TCS. He is an alumnus of Carnegie Mellon University - Tepper School of Business and the Institute of Management- Nirma University. Tillkännagivande • May 11
Tech Mahindra Limited Announces Executive Changes Tech Mahindra Limited announced that Mr. Vikram Nair, President – Europe Business and Senior Management Personnel of the Company has tendered his resignation from services of the Company due to personal reasons. The Company has agreed to relieve him from the services of the Company with effect from close of business hours on 27 July 2024. Date of Resignation is 10 May 2024. Mr. Harshul Asnani, President Americas Business and an existing Senior Management Personnel of the Company, will take over the role of Mr. Vikram Nair. Declared Dividend • Apr 27
Final dividend of ₹28.00 announced Shareholders will receive a dividend of ₹28.00. Ex-date: 19th July 2024 Payment date: 9th August 2024 Dividend yield will be 3.1%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (150% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has increased by an average of 46% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 67% to bring the payout ratio under control. EPS is expected to grow by 110% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Tillkännagivande • Mar 29
Tech Mahindra Limited to Report Q4, 2024 Results on Apr 25, 2024 Tech Mahindra Limited announced that they will report Q4, 2024 results at 4:00 PM, Indian Standard Time on Apr 25, 2024 Price Target Changed • Jan 28
Price target increased by 7.2% to ₹1,276 Up from ₹1,190, the current price target is an average from 37 analysts. New target price is approximately in line with last closing price of ₹1,322. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₹30.51 for next year compared to ₹54.76 last year. Reported Earnings • Jan 25
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: ₹5.77 (down from ₹14.70 in 3Q 2023). Revenue: ₹131.9b (down 4.0% from 3Q 2023). Net income: ₹5.10b (down 61% from 3Q 2023). Profit margin: 3.9% (down from 9.4% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Tillkännagivande • Jan 24
Tech Mahindra Limited Announces Appointment of Rajashree R as Chief Growth Officer Tech Mahindra Limited announced the appointment of former Tata Consultancy Services chief marketing officer (CMO) Rajashree R as its chief growth officer (CGO) for strategic verticals in the Americas. Rajashree comes with extensive experience in retail and marketing at TCS where she worked for almost 20 years. Her resignation, in July 2023, came soon after former CEO Rajesh Gopinathan’s abrupt resignation in March 2023. Rajashree joins an entirely new leadership at Tech Mahindra, led by CEO Mohit Joshi who moved to the company from Infosys. Joshi took over the reins following CP Gurna- ni’s retirement in December. Tillkännagivande • Dec 28
Tech Mahindra Limited to Report Q3, 2024 Results on Jan 24, 2024 Tech Mahindra Limited announced that they will report Q3, 2024 results on Jan 24, 2024 Reported Earnings • Oct 26
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ₹5.59 (down from ₹14.58 in 2Q 2023). Revenue: ₹131.3b (flat on 2Q 2023). Net income: ₹4.94b (down 62% from 2Q 2023). Profit margin: 3.8% (down from 9.8% in 2Q 2023). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Oct 13
Cabanga Tech Proprietary Limited entered into agreement to acquire Tech Mahindra South Africa (Pty) Limited from Tech Mahindra Limited (NSEI:TECHM) for ZAR 23.9 million. Cabanga Tech Proprietary Limited entered into agreement to acquire Tech Mahindra South Africa (Pty) Limited from Tech Mahindra Limited (NSEI:TECHM) for ZAR 23.9 million on October 12, 2023. Tech Mahindra South Africa (Pty) Limited had a turnover of ZAR 435.8 million for the year ending March 31, 2023. The divestment is undertaken to comply with the local Broad Based Black Economic Empowerment (B-BBEE) guidelines in South Africa. The transaction is expected to close on or before October 31, 2023. Tillkännagivande • Aug 10
Tech Mahindra Limited Appoints Atul Soneja as COO Tech Mahindra Limited announced that it has appointed Atul Soneja as the chief operating officer (COO) effective August 7, 2023. Soneja who was previously COO at CitiusTech. Soneja was heading Edge Products at Infosys when Mohit Joshi, managing director and CEO-designate at Tech Mahindra, was president at the Bengaluru-based software company. In July 2021, Soneja joined CitiusTech as its chief operating officer where he was responsible for managing the overall delivery, service lines and operations. Before joining CitiusTech, Atul held several leadership roles in Infosys and its subsidiaries, from managing multi-billion service lines across multiple industry segments like financial services, retail and manufacturing, to heading the AI and Automation platform business of Edgeverve, a subsidiary of Infosys, conceptualizing and driving several strategic programs through histenure. Upcoming Dividend • Jul 14
Upcoming dividend of ₹32.00 per share at 4.1% yield Eligible shareholders must have bought the stock before 21 July 2023. Payment date: 26 August 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (2.0%). Reported Earnings • Jul 01
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹54.76 (down from ₹63.33 in FY 2022). Revenue: ₹532.9b (up 19% from FY 2022). Net income: ₹48.3b (down 13% from FY 2022). Profit margin: 9.1% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.3%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jun 30
Tech Mahindra Limited to Report Q1, 2024 Results on Jul 26, 2023 Tech Mahindra Limited announced that they will report Q1, 2024 results on Jul 26, 2023 Tillkännagivande • May 06
Tech Mahindra Limited (NSEI:TECHM) agreed to acquire an additional 29% stake in Tech Mahindra Arabia Limited from Midad Holdings Company for $11.1 million. Tech Mahindra Limited (NSEI:TECHM) agreed to acquire an additional 29% stake in Tech Mahindra Arabia Limited from Midad Holdings Company for $11.1 million on May 4, 2023. Post transaction, Tech Mahindra shareholding will increase to 80% and Midad will hold 20% stake in Tech Mahindra Arabia. For the financial year ending March 31, 2023, Tech Mahindra Arabia reported an unaudited revenue of $42.8 million (SAR 160.7 million). The transaction is expected to complete on July 31, 2023. Reported Earnings • Apr 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹54.76 (down from ₹63.33 in FY 2022). Revenue: ₹542.6b (up 22% from FY 2022). Net income: ₹48.3b (down 13% from FY 2022). Profit margin: 8.9% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 31
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: ₹14.70 (down from ₹15.58 in 3Q 2022). Revenue: ₹139.8b (up 22% from 3Q 2022). Net income: ₹13.0b (down 5.3% from 3Q 2022). Profit margin: 9.3% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Tillkännagivande • Jan 10
Tech Mahindra Limited to Report Q3, 2023 Results on Jan 30, 2023 Tech Mahindra Limited announced that they will report Q3, 2023 results on Jan 30, 2023 Tillkännagivande • Dec 08
Tech Mahindra Launches Cloud BlazeTech to Maximize Business Value for Cloud-Powered Enterprises Globally Tech Mahindra announced the launch of Cloud BlazeTech, an integrated, sector-agnostic platform, to maximize business value for cloud-powered enterprises globally. The organization will continue to invest in cloud services & hyperscaler relationships to boost digital transformation for enterprises. Integrated cloud migration, cloud-native operation & self-healing governance model, Cloud BlazeTech supports bi-modal infrastructure transformation and helps enterprises to accelerate to a cloud-native world. In addition, the platform has integrations with hyperscaler hybrid cloud platforms to provide industry-specific pre-build cloud-native solutions that drive faster business outcomes. By adopting the Cloud BlazeTech platform, enterprises will achieve 25%-30% cost savings and a 30% improvement in migration time. Reported Earnings • Nov 03
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: ₹14.58 (down from ₹15.25 in 2Q 2022). Revenue: ₹131.3b (up 21% from 2Q 2022). Net income: ₹12.9b (down 4.0% from 2Q 2022). Profit margin: 9.8% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.9%. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Tillkännagivande • Nov 02
Tech Mahindra Limited Declares Special Dividend, Payable on November 24, 2022 Tech Mahindra Limited announced at the board meeting held on November 1, 2022 that the company approved to declare Special dividend of INR 18/- per equity share of INR 5/- each either 360% of the face value. Fixed 10th November, 2022 as the Record Date for determining the members entitled to receive the Special Interim dividend. The Special dividend shall be paid on 24th November, 2022 to equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of Depositories as beneficial owners of the shares as on 10th November, 2022. Tillkännagivande • Oct 08
Tech Mahindra Limited to Report Q2, 2023 Results between Oct 31, 2022 and Nov 01, 2022 Tech Mahindra Limited announced that they will report Q2, 2023 results between Oct 31, 2022 and Nov 01, 2022 Price Target Changed • Jul 27
Price target decreased to ₹1,226 Down from ₹1,335, the current price target is an average from 39 analysts. New target price is 22% above last closing price of ₹1,007. Stock is down 10% over the past year. The company is forecast to post earnings per share of ₹61.45 for next year compared to ₹63.32 last year. Tillkännagivande • Jul 15
Tech Mahindra Limited to Report Q1, 2023 Results on Jul 25, 2022 Tech Mahindra Limited announced that they will report Q1, 2023 results at 4:00 AM, Indian Standard Time on Jul 25, 2022 Upcoming Dividend • Jul 14
Upcoming dividend of ₹30.00 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 09 August 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (2.0%). Reported Earnings • Jul 01
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: ₹63.33 (up from ₹50.64 in FY 2021). Revenue: ₹446.5b (up 18% from FY 2021). Net income: ₹55.7b (up 26% from FY 2021). Profit margin: 13% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 18%, compared to a 15% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jun 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Director Penny Fowler was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • May 31
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Director Penny Fowler was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • May 17
Price target decreased to ₹1,565 Down from ₹1,730, the current price target is an average from 39 analysts. New target price is 31% above last closing price of ₹1,198. Stock is up 24% over the past year. The company is forecast to post earnings per share of ₹67.61 for next year compared to ₹63.32 last year. Reported Earnings • May 14
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: ₹63.32 (up from ₹50.64 in FY 2021). Revenue: ₹457.6b (up 21% from FY 2021). Net income: ₹55.7b (up 26% from FY 2021). Profit margin: 12% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 14%, compared to a 15% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
High number of new directors Non-Executive Director Manoj Bhat was the last director to join the board, commencing their role in 2021. Tillkännagivande • Apr 03
Tech Mahindra Limited Announces Retirement of M. Damodaran as Independent Director Tech Mahindra Limited announced that Mr. M. Damodaran retired as an Independent Director of the company with effect from 31st March, 2022 upon completion of his tenure of the second term, pursuant to Section 149(11) of the Companies Act, 2013. Tillkännagivande • Mar 01
Tech Mahindra Unveils TechMVerse to Drive Commerce in the Metaverse Tech Mahindra announced the launch of TechMVerse, its Metaverse practice to deliver interactive and immersive experiences in the Metaverse for its customers. With an aim to transform customer experience and deliver real business outcomes, Tech Mahindra will leverage its world-leading network and infrastructure capabilities along with its foundational technological capabilities including pervasive Artificial Intelligence (AI), Blockchain, 5G, Augmented Reality (AR), Virtual Reality (VR), and Quantum Computing to build B2B use cases across sectors. In its initial phase, Tech Mahindra will leverage the opportunities presented by the Metaverse through various use cases including DealerVerse - metaverse-based car dealership, Middlemist - NFT marketplace, Meta Bank a virtual bank, and gaming center. It will offer immersive digital and professional experience services around design, content, as well as low code plug and play Non-Fungible Tokens (NFT) and Blockchain platforms, while also aligning the metaverse strategy with Tech Mahindra’s digital and Environmental, Social, and Governance (ESG) goals. Further, Tech Mahindra has also collaborated with the Mahindra & Mahindra Ltd. to offer exclusive Digital Collectibles, starting with a series based on one of the most iconic brands from the latter’s stable. These collectibles will be listed, minted, and offered for sale through Tech Mahindra’s industry-leading NFT Marketplace platform. Metaverse is a fast-evolving digital environment where individuals can interact with each other in a 3D virtual space. As the global Metaverse revenue opportunity could approach $800 billion in 2024, Tech Mahindra is geared up to harness the power of Metaverse to bring imagination to life and offer futuristic experiences NOW. Network of the future, 5G, will form the backbone to provide enhanced experience to customers in the metaverse universe. At Mobile World Congress (MWC) this year, Tech Mahindra’s showcase, 'Welcome to Simplicity' reflects how the technology leader is poised to enable Communication Service Providers (CSPs) to ride this new technology wave powered by network, engineering, and experience capabilities with a shared realistic immersive simulation of the real world or other possible worlds. Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS misses analyst expectations Third quarter 2022 results: EPS: ₹15.58 (up from ₹14.98 in 3Q 2021). Revenue: ₹116.7b (up 21% from 3Q 2021). Net income: ₹13.7b (up 4.5% from 3Q 2021). Profit margin: 12% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 16%, compared to a 17% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Dec 08
Tech Mahindra Launches Fidaas Solution Powered by Alveo to Address Financial Services’ Data Management Challenges Tech Mahindra, has selected Alveo, a leader in market data integration and analytics solutions for financial services, as the technology underpinning an integrated Financial Data as a Service Proposition to the Financial Services Industry. The FiDaaS Solution provides a cloud-based, Centralized Market Data Platform which offers a comprehensive solution for pricing and reference data management and covers end to end Financial Data Management requirements. The solution covers Data Acquisition, Data Mastering, Data Quality Management, Data Discovery and Distribution. The Tech Mahindra FiDaaS solution will be offered in partnership with Alveo, as the underlying technology, and will include: Reference Data Management Solutions for security set-up and post-trade processing as well as ESG data management Market Data Management Solutions for Portfolio valuation (e.g. NAV and IPV), Sensitivity measures, and Index and ETF Data Management Risk Data Management Solutions for risk factor data, back-testing, scenario analysis and stress testing Financial Services firms need to handle increasing volumes, additional data sources and need to provide their business users and applications with quality checked and validated information for risk, valuation, operations, trade enablement, finance, and advanced analytics. In this regard, FiDaaS will improve operational efficiencies by streamlining the management and control and tracking of data to enhance governance and verification for regulatory reporting. The Tech Mahindra “Powered by Alveo” partnership brings together two global specialists with the complementary capabilities needed to realize transformative outcomes with a vision and a commitment to co-innovate. Reported Earnings • Oct 27
Second quarter 2022 earnings released: EPS ₹15.25 (vs ₹12.18 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: ₹108.8b (up 16% from 2Q 2021). Net income: ₹13.4b (up 26% from 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 26
Price target increased to ₹1,635 Up from ₹1,496, the current price target is an average from 34 analysts. New target price is approximately in line with last closing price of ₹1,563. Stock is up 89% over the past year. The company is forecast to post earnings per share of ₹64.54 for next year compared to ₹50.64 last year. Price Target Changed • Oct 07
Price target increased to ₹1,477 Up from ₹1,376, the current price target is an average from 35 analysts. New target price is approximately in line with last closing price of ₹1,417. Stock is up 65% over the past year.