One of the top suppliers of consultancy, business re-engineering, and digital transformation services is Tech Mahindra Limited. The company has established a strong reputation for its creative solutions and customer-centered philosophy over the years, making it a chosen partner for some of the biggest businesses in the world. How has its stock performed, though? Can investors anticipate that Tech Mahindra’s share price will rise in the future?
In this post, we’ll examine Tech Mahindra’s investment potential and determine what its share price should be between 2024 and 2030. Continue reading to learn if Tech Mahindra is a worthwhile stock to own.
Tech Mahindra Q4 FY24 Results Summary
- Tech Mahindra’s Q4 FY24 consolidated net profit stood at Rs 661 crore, marking a notable 29.5% increase from the previous quarter.
- Despite the profit growth, it fell short of analysts’ estimates, reflecting a mixed performance for the company.
- The company reported a sequential decline of 1.8% in revenue, amounting to Rs 12,871.3 crore, as per regulatory filings.
- However, Tech Mahindra’s earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a significant surge of 22.9% to $169 million.
- Revenue from the core IT segment declined by 2.0% sequentially to Rs 10,954.8 crore, while the BPO unit’s revenue slipped marginally by 0.1% to Rs 1,916.5 crore.
- Tech Mahindra announced a final dividend of Rs 28 per equity share, representing a robust 560% payout, subject to approval at the forthcoming Annual General Meeting (AGM).
Below are the trading platforms that you can use to purchase Tech Mahindra shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| May 2024 | 1,207.80 | 1,050.26 |
| June 2024 | 1,251.28 | 1,088.07 |
| July 2024 | 1,238.77 | 1,077.19 |
| August 2024 | 1,288.32 | 1,120.28 |
| September 2024 | 1,339.85 | 1,165.09 |
| October 2024 | 1,313.58 | 1,142.24 |
| November 2024 | 1,366.12 | 1,187.93 |
| December 2024 | 1,379.78 | 1,199.81 |
In May 2024, Tech Mahindra’s shares reach a maximum price of 1,207.80 and a minimum price of 1,050.26. Throughout June, the share’s value fluctuates between a high of 1,251.28 and a low of 1,088.07. July sees Tech Mahindra’s shares priced between 1,238.77 at the lowest and 1,077.19 at the highest. As August arrives, the share’s value rises to a maximum of 1,288.32 and a minimum of 1,120.28. September brings further growth, with the shares reaching a high of 1,339.85 and a low of 1,165.09. In October, Tech Mahindra’s shares fluctuate between 1,313.58 and 1,142.24. As November progresses, the shares continue to climb, peaking at 1,366.12 and hitting a low of 1,187.93. December marks the year’s end with Tech Mahindra’s shares reaching a high of 1,379.78 and a low of 1,199.81.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,393.58 | 1,071.99 |
| February 2025 | 1,407.66 | 1,082.81 |
| March 2025 | 1,437.22 | 1,105.55 |
| April 2025 | 1,422.99 | 1,094.61 |
| May 2025 | 1,381.54 | 1,062.73 |
| June 2025 | 1,443.71 | 1,110.55 |
| July 2025 | 1,415.40 | 1,088.77 |
| August 2025 | 1,459.18 | 1,122.45 |
| September 2025 | 1,476.69 | 1,135.92 |
| October 2025 | 1,515.08 | 1,165.45 |
| November 2025 | 1,552.96 | 1,194.59 |
| December 2025 | 1,622.84 | 1,248.34 |
In January 2025, Tech Mahindra’s shares are expected to trade between 1,393.58 and 1,071.99. February could see prices fluctuate between 1,407.66 and 1,082.81. March’s projections range from 1,437.22 to 1,105.55. April’s estimates span from 1,422.99 to 1,094.61. May anticipates prices between 1,381.54 and 1,062.73. June’s predictions indicate a range of 1,443.71 to 1,110.55. July might see prices between 1,415.40 and 1,088.77. August’s projections span from 1,459.18 to 1,122.45. September anticipates a range of 1,476.69 to 1,135.92. October could see prices fluctuate between 1,515.08 and 1,165.45. November’s projections range from 1,552.96 to 1,194.59. December anticipates prices between 1,622.84 and 1,248.34.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,692.26 | 1,301.74 |
| February 2026 | 1,735.65 | 1,335.12 |
| March 2026 | 1,803.34 | 1,387.19 |
| April 2026 | 1,767.98 | 1,359.99 |
| May 2026 | 1,716.49 | 1,320.38 |
| June 2026 | 1,793.73 | 1,379.79 |
| July 2026 | 1,758.56 | 1,352.74 |
| August 2026 | 1,812.95 | 1,394.58 |
| September 2026 | 1,876.40 | 1,443.39 |
| October 2026 | 1,925.19 | 1,480.91 |
| November 2026 | 1,973.32 | 1,517.94 |
| December 2026 | 2,022.65 | 1,555.89 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,063.10 | 1,587.00 |
| February 2027 | 2,116.00 | 1,627.70 |
| March 2027 | 2,198.53 | 1,691.18 |
| April 2027 | 2,155.42 | 1,658.02 |
| May 2027 | 2,092.64 | 1,609.72 |
| June 2027 | 2,186.81 | 1,682.16 |
| July 2027 | 2,143.93 | 1,649.18 |
| August 2027 | 2,210.24 | 1,700.18 |
| September 2027 | 2,287.60 | 1,759.69 |
| October 2027 | 2,347.07 | 1,805.44 |
| November 2027 | 2,405.75 | 1,850.58 |
| December 2027 | 2,465.90 | 1,896.84 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,515.21 | 1,934.78 |
| February 2028 | 2,579.71 | 1,984.39 |
| March 2028 | 2,680.31 | 2,061.78 |
| April 2028 | 2,627.76 | 2,021.35 |
| May 2028 | 2,551.22 | 1,962.48 |
| June 2028 | 2,666.03 | 2,050.79 |
| July 2028 | 2,613.75 | 2,010.58 |
| August 2028 | 2,694.59 | 2,072.76 |
| September 2028 | 2,788.90 | 2,145.31 |
| October 2028 | 2,861.41 | 2,201.09 |
| November 2028 | 2,932.95 | 2,256.11 |
| December 2028 | 3,006.27 | 2,312.52 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,066.40 | 2,358.77 |
| February 2029 | 3,145.02 | 2,419.25 |
| March 2029 | 3,267.68 | 2,513.60 |
| April 2029 | 3,203.61 | 2,464.31 |
| May 2029 | 3,110.30 | 2,392.54 |
| June 2029 | 3,250.26 | 2,500.20 |
| July 2029 | 3,186.53 | 2,451.18 |
| August 2029 | 3,285.08 | 2,526.99 |
| September 2029 | 3,400.06 | 2,615.43 |
| October 2029 | 3,488.46 | 2,683.43 |
| November 2029 | 3,575.67 | 2,750.52 |
| December 2029 | 3,665.07 | 2,819.28 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,738.37 | 2,875.67 |
| February 2030 | 3,834.22 | 2,949.40 |
| March 2030 | 3,983.76 | 3,064.43 |
| April 2030 | 3,905.64 | 3,004.34 |
| May 2030 | 3,791.89 | 2,916.84 |
| June 2030 | 3,962.52 | 3,048.09 |
| July 2030 | 3,884.83 | 2,988.33 |
| August 2030 | 4,004.98 | 3,080.75 |
| September 2030 | 4,145.15 | 3,188.58 |
| October 2030 | 4,252.92 | 3,271.48 |
| November 2030 | 4,359.25 | 3,353.27 |
| December 2030 | 4,468.23 | 3,437.10 |
In January 2030, Tech Mahindra’s maximum price is projected to reach 3,738.37, with a minimum price expected to be around 2,875.67. As February unfolds, Tech Mahindra’s prices are anticipated to rise further, with the maximum likely to be around 3,834.22 and the minimum around 2,949.40. March brings anticipation of continued growth, possibly pushing Tech Mahindra’s maximum price to 3,983.76 and the minimum to 3,064.43. By the end of the year, in December, Tech Mahindra could see its highest peak, reaching around 4,468.23 for the maximum and approximately 3,437.10 for the minimum.
Financial Condition of Tech Mahindra: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 36,868 | 37,855 | 44,646 | 53,290 | 51,996 |
| Expenses + | 31,365 | 31,059 | 36,626 | 45,527 | 47,489 |
| Operating Profit | 5,503 | 6,796 | 8,020 | 7,763 | 4,506 |
| OPM % | 15% | 18% | 18% | 15% | 9% |
| Other Income + | 1,192 | 788 | 1,115 | 965 | 927 |
| Interest | 192 | 174 | 163 | 326 | 392 |
| Depreciation | 1,446 | 1,458 | 1,520 | 1,957 | 1,817 |
| Profit before tax | 5,058 | 5,953 | 7,452 | 6,446 | 3,224 |
| Tax % | 23% | 27% | 24% | 25% | 26% |
| Net Profit + | 3,897 | 4,353 | 5,630 | 4,857 | 2,397 |
| EPS in Rs | 41.76 | 45.73 | 57.27 | 49.6 | 24.14 |
| Dividend Payout % | 32% | 89% | 47% | 91% | 150% |
- Sales: The company has experienced consistent growth in sales over the past five years, with revenues increasing from ₹36,868 crores in March 2020 to ₹51,996 crores in March 2024, reflecting a steady upward trajectory.
- Expenses: Similarly, expenses have also increased over the same period, from ₹31,365 crores in March 2020 to ₹47,489 crores in March 2024, indicating the company’s investment in expansion and operational activities.
- Operating Profit: Despite a slight dip in operating profit from ₹8,020 crores in March 2022 to ₹4,506 crores in March 2024, the company has maintained a relatively stable operating profit margin (OPM) percentage of around 15% to 18%.
- Other Income: Other income has shown some fluctuations but has generally remained steady, with a slight decrease from ₹1,115 crores in March 2022 to ₹927 crores in March 2024.
- Interest and Depreciation: Both interest and depreciation expenses have increased over the years, indicating the company’s investment in assets and potential debt obligations.
- Profit before Tax and Net Profit: While profit before tax saw some fluctuations, net profit witnessed a decline from ₹5,630 crores in March 2022 to ₹2,397 crores in March 2024, primarily due to higher expenses and lower other income.
- Earnings per Share (EPS): Earnings per share (EPS) also saw a decline from ₹57.27 in March 2022 to ₹24.14 in March 2024, reflecting the impact of decreased net profit.
- Dividend Payout: The dividend payout percentage has been volatile, ranging from 32% in March 2020 to 150% in March 2024, suggesting variations in the company’s dividend distribution policy and profitability levels.
FAQS
As of April 26, 2024, Tech Mahindra’s share price is ₹1,190.
Tech Mahindra is expected to reach ₹1,622.84 by the end of 2025.
Tech Mahinda is expected to Trade between ₹2,875.67 to ₹4,468.23 in 2030.
Can Tech Mahindra reach ₹5,000 by 2025?
It is unlikely that Tech Mahindra will reach ₹5,000 by 2025, as it would require a significant increase in share price.
Factors such as economic conditions, industry competition, and company performance could impact Tech Mahindra’s share price in the coming years.
What are some potential risks for investing in Tech Mahindra?
Some potential risks for investing in Tech Mahindra include economic and political instability, regulatory changes, and changes in industry trends.
What are some potential opportunities for investing in Tech Mahindra?
Some potential opportunities for investing in Tech Mahindra include growth in the IT industry, expansion into new markets, and investment in emerging technologies.
Is Tech Mahindra a good long-term investment?
Tech Mahindra has shown positive growth in recent years and has a strong presence in the IT industry, making it a potential good long-term investment option for investors who are willing to tolerate some level of risk. However, it is important to conduct thorough research and analysis before making any investment decisions.
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Conclusion
Over the past five years, Tech Mahindra has had an excellent increase in income, PAT, revenue, and profit, which portends well for the company’s future. With a strong presence in the technology industry and constant positive growth in the company’s financial statements, Tech Mahindra is well-positioned to benefit from the current digital revolution. The company’s shares offer a lucrative investment opportunity with a price target of 5000 INR by 2025. Tech Mahindra’s shares are unquestionably worth purchasing for investors hoping to take advantage of the development potential of the technology sector, according to a study of the company’s financial performance and industry prospects.
What did we learn?
- 1 Tech Mahindra Q4 FY24 Results Summary
- 2 How to purchase Tech Mahindra shares?
- 3 Tech Mahindra Share Price Prediction: 2024, 2025 to 2030
- 4 Financial Condition of Tech Mahindra: Last 5 years
- 5 FAQS
- 5.1 What is Tech Mahindra’s current share price?
- 5.2 What is the share price target of Tech Mahindra for 2025?
- 5.3 What is the share price Prediction of Tech Mahindra for 2030?
- 5.4 Can Tech Mahindra reach ₹5,000 by 2025?
- 5.5 What factors could impact Tech Mahindra’s share price in the coming years?
- 5.6 What are some potential risks for investing in Tech Mahindra?
- 5.7 What are some potential opportunities for investing in Tech Mahindra?
- 5.8 Is Tech Mahindra a good long-term investment?
- 6 Conclusion
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