Tech Mahindra Ltd, incorporated in the year 1986, is a Large Cap company with a market cap of Rs 93165.98 Crore, operating in IT Software sector.
Tech Mahindra’s key Products/Revenue Segments include Software Services for the year ending 31-Mar-2020.
Investment Rationale
According to Yes Securities, the company has been using acquisitions to generate growth and optimize its service portfolio. The valuation remains attractive as the stock trades at PE of 15x on FY23 earnings, given better growth outlook.
Financials
For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 9762.50 Crore, down 1.07 per cent from last quarter’s Total Income of Rs 9868 Crore and down 0.13 per cent from last year same quarter’s Total Income of Rs 9775.40 Crore. Company has reported net profit after tax of Rs 1044.30 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 35.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 39.1 per cent, DIIs 13.7 per cent and public and others 11.5 per cent.
