Tech Mahindra Limited, a leading provider of consultancy, business re-engineering, and digital transformation services, has built a stellar reputation for its innovative solutions and customer-centric approach. Renowned as a preferred partner for major global enterprises, the company’s performance in the stock market warrants examination. Can investors expect Tech Mahindra’s share price to climb in the future? In this analysis, we’ll explore Tech Mahindra’s investment prospects and project its share price trajectory from 2024 to 2030 to ascertain whether it presents a compelling opportunity for investors. Keep reading to discover whether Tech Mahindra is a stock worth considering for your portfolio.
Tech Mahindra Q4 FY24 Results Summary
- Tech Mahindra’s Q4 FY24 consolidated net profit increased by 29.5% from the previous quarter, reaching Rs 661 crore.
- Despite the profit growth, it fell short of analysts’ estimates, indicating a mixed performance for the company.
- Revenue experienced a sequential decline of 1.8% to Rs 12,871.3 crore, as per regulatory filings.
- However, Tech Mahindra’s EBITDA surged significantly by 22.9% to $169 million.
- Revenue from the core IT segment declined by 2.0% sequentially to Rs 10,954.8 crore.
- 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).
How to purchase Tech Mahindra shares?
Below are the trading platforms that you can use to purchase Tech Mahindra shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Tech Mahindra Share Price Prediction: 2024, 2025 to 2030
Tech Mahindra Share Price Prediction 2024
| When | Maximum Price | Minimum Price |
| June 2024 | 1,379.00 | 1,199.13 |
| July 2024 | 1,365.21 | 1,187.14 |
| August 2024 | 1,419.82 | 1,234.63 |
| September 2024 | 1,476.62 | 1,284.01 |
| October 2024 | 1,447.66 | 1,258.84 |
| November 2024 | 1,505.57 | 1,309.19 |
| December 2024 | 1,520.62 | 1,322.28 |
In 2024, the projected maximum and minimum prices for Tech Mahindra shares are as follows: In June 2024, the maximum price is expected to reach ₹1,379.00, with a minimum of ₹1,199.13. For July 2024, the share prices are projected to range between ₹1,365.21 and ₹1,187.14. Moving to August 2024, the prices are anticipated to be between ₹1,419.82 and ₹1,234.63. In September 2024, Tech Mahindra shares are expected to reach a maximum of ₹1,476.62 and a minimum of ₹1,284.01. For October 2024, the prices are projected to range from ₹1,447.66 to ₹1,258.84. November 2024 is expected to see share prices between ₹1,505.57 and ₹1,309.19. Finally, in December 2024, Tech Mahindra shares are projected to reach a maximum of ₹1,520.62 and a minimum of ₹1,322.28.
Tech Mahindra Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 1,535.83 | 1,181.41 |
| February 2025 | 1,551.34 | 1,193.34 |
| March 2025 | 1,583.92 | 1,218.40 |
| April 2025 | 1,568.24 | 1,206.34 |
| May 2025 | 1,522.56 | 1,171.20 |
| June 2025 | 1,591.08 | 1,223.91 |
| July 2025 | 1,559.88 | 1,199.91 |
| August 2025 | 1,608.12 | 1,237.02 |
| September 2025 | 1,627.42 | 1,251.86 |
| October 2025 | 1,669.73 | 1,284.41 |
| November 2025 | 1,711.48 | 1,316.52 |
| December 2025 | 1,788.49 | 1,375.77 |
As we step into 2025, the projected prices for Tech Mahindra shares are as follows: In January, the maximum is expected to reach ₹1,535.83 and the minimum ₹1,181.41. February’s range is ₹1,551.34 to ₹1,193.34. For March, prices are expected between ₹1,583.92 and ₹1,218.40. April’s projections are ₹1,568.24 to ₹1,206.34, and May ranges from ₹1,522.56 to ₹1,171.20. In June, prices should be between ₹1,591.08 and ₹1,223.91, while July’s range is ₹1,559.88 to ₹1,199.91. For August, expect ₹1,608.12 to ₹1,237.02, and in September, ₹1,627.42 to ₹1,251.86. October’s prices are projected at ₹1,669.73 to ₹1,284.41, November’s at ₹1,711.48 to ₹1,316.52, and December’s from ₹1,788.49 to ₹1,375.77.
Tech Mahindra Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 1,781.14 | 1,370.11 |
| February 2026 | 1,736.61 | 1,335.85 |
| March 2026 | 1,771.34 | 1,362.57 |
| April 2026 | 1,807.49 | 1,390.38 |
| May 2026 | 1,789.60 | 1,376.61 |
| June 2026 | 1,834.34 | 1,411.03 |
| July 2026 | 1,798.37 | 1,383.36 |
| August 2026 | 1,853.99 | 1,426.14 |
| September 2026 | 1,891.07 | 1,454.67 |
| October 2026 | 1,940.24 | 1,492.49 |
| November 2026 | 1,988.74 | 1,529.80 |
| December 2026 | 2,038.46 | 1,568.05 |
Tech Mahindra Share Price Prediction 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 2,058.84 | 1,583.73 |
| February 2027 | 2,111.64 | 1,624.34 |
| March 2027 | 2,193.99 | 1,687.68 |
| April 2027 | 2,150.97 | 1,654.59 |
| May 2027 | 2,088.32 | 1,606.40 |
| June 2027 | 2,182.29 | 1,678.69 |
| July 2027 | 2,139.50 | 1,645.77 |
| August 2027 | 2,205.68 | 1,696.67 |
| September 2027 | 2,282.87 | 1,756.06 |
| October 2027 | 2,342.23 | 1,801.71 |
| November 2027 | 2,400.78 | 1,846.76 |
| December 2027 | 2,460.80 | 1,892.93 |
Tech Mahindra Share Price Prediction 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 2,510.02 | 1,930.78 |
| February 2028 | 2,574.38 | 1,980.29 |
| March 2028 | 2,674.78 | 2,057.52 |
| April 2028 | 2,622.33 | 2,017.18 |
| May 2028 | 2,545.95 | 1,958.43 |
| June 2028 | 2,660.52 | 2,046.56 |
| July 2028 | 2,608.36 | 2,006.43 |
| August 2028 | 2,689.03 | 2,068.48 |
| September 2028 | 2,783.14 | 2,140.88 |
| October 2028 | 2,855.50 | 2,196.54 |
| November 2028 | 2,926.89 | 2,251.46 |
| December 2028 | 3,000.06 | 2,307.74 |
Tech Mahindra Share Price Prediction 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 3,060.07 | 2,353.90 |
| February 2029 | 3,138.53 | 2,414.25 |
| March 2029 | 3,260.93 | 2,508.41 |
| April 2029 | 3,196.99 | 2,459.22 |
| May 2029 | 3,103.87 | 2,387.60 |
| June 2029 | 3,243.55 | 2,495.04 |
| July 2029 | 3,179.95 | 2,446.12 |
| August 2029 | 3,278.30 | 2,521.77 |
| September 2029 | 3,393.04 | 2,610.03 |
| October 2029 | 3,481.26 | 2,677.89 |
| November 2029 | 3,568.29 | 2,744.84 |
| December 2029 | 3,657.50 | 2,813.46 |
Tech Mahindra Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 3,730.65 | 2,869.73 |
| February 2030 | 3,826.31 | 2,943.31 |
| March 2030 | 3,975.53 | 3,058.10 |
| April 2030 | 3,897.58 | 2,998.14 |
| May 2030 | 3,784.06 | 2,910.81 |
| June 2030 | 3,954.34 | 3,041.80 |
| July 2030 | 3,876.80 | 2,982.16 |
| August 2030 | 3,996.71 | 3,074.39 |
| September 2030 | 4,136.59 | 3,181.99 |
| October 2030 | 4,244.14 | 3,264.72 |
| November 2030 | 4,350.24 | 3,346.34 |
| December 2030 | 4,459.00 | 3,430.00 |
As we progress into 2030, Tech Mahindra’s share prices are anticipated to demonstrate fluctuations. In January, the prices are projected to range between ₹3,730.65 and ₹2,869.73. February may witness a span from ₹3,826.31 to ₹2,943.31, while March’s estimates suggest a range of ₹3,975.53 to ₹3,058.10. April anticipates prices between ₹3,897.58 and ₹2,998.14, with May expecting a range from ₹3,784.06 to ₹2,910.81. As June approaches, prices may fluctuate between ₹3,954.34 and ₹3,041.80, and in July, they might range from ₹3,876.80 to ₹2,982.16. August could see prices span from ₹3,996.71 to ₹3,074.39, while September anticipates a range of ₹4,136.59 to ₹3,181.99. October might witness prices between ₹4,244.14 and ₹3,264.72, and November could see prices ranging from ₹4,350.24 to ₹3,346.34. Finally, in December, prices are expected to fluctuate between ₹4,459.00 and ₹3,430.00.
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% |
Over the past five years, Tech Mahindra has demonstrated commendable growth in sales, with revenues climbing steadily from ₹36,868 crores in March 2020 to ₹51,996 crores in March 2024, underscoring its robust market presence and ability to capitalize on opportunities. Similarly, expenses have risen during this period, reflecting the company’s dedication to expansion and operational endeavors, increasing from ₹31,365 crores in March 2020 to ₹47,489 crores in March 2024. Despite experiencing a slight dip in operating profit from ₹8,020 crores in March 2022 to ₹4,506 crores in March 2024, Tech Mahindra has maintained a relatively stable operating profit margin (OPM) of around 15% to 18%. However, the decline in net profit from ₹5,630 crores in March 2022 to ₹2,397 crores in March 2024 has resulted in a decrease in earnings per share (EPS) from ₹57.27 to ₹24.14 during the same period. Additionally, the dividend payout percentage has exhibited volatility, ranging from 32% in March 2020 to 150% in March 2024, indicating fluctuations in the company’s dividend distribution policy and overall profitability levels.
Tech Mahindra share price target by Experts
Axis Direct on Tech Mahindra Share Price
Axis Direct recommends purchasing Tech Mahindra, with a target price set at Rs 1540.00.
FAQS
What is Tech Mahindra’s current share price?
As of June 17, 2024, Tech Mahindra’s share price is ₹1,371.
What is the share price target of Tech Mahindra for 2025?
Tech Mahindra is expected to reach ₹1,788.49 by the end of 2025.
What is the share price Prediction of Tech Mahindra for 2030?
Tech Mahinda is expected to Trade between ₹2,869.73 to ₹4,459.00 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.
What factors could impact Tech Mahindra’s share price in the coming years?
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 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
In conclusion, Tech Mahindra’s Q4 FY24 results reflect a consolidated net profit of Rs 661 crore, marking a significant 29.5% increase from the previous quarter. Despite this growth, the company fell short of analysts’ estimates, indicating a mixed performance. Revenue experienced a sequential decline of 1.8% to Rs 12,871.3 crore, while EBITDA surged by 22.9% to $169 million. Additionally, Tech Mahindra announced a final dividend of Rs 28 per equity share, representing a robust 560% payout. Despite some challenges, Tech Mahindra’s strategic initiatives and resilience position it well for continued growth and value creation for its stakeholders in the future.
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