Tech Mahindra share price has been one of the most widely discussed topics among investors and traders in recent years. As investors look for promising stocks to add to their portfolios, the question on everyone’s mind is: What is the Tech Mahindra share price target for 2023 to 2030? Is Tech Mahindra a good auto stock to buy?
Investors in Tech Mahindra have seen a remarkable 122% return on their investments over the last five years. With this impressive track record, it is no wonder that investors are eager to get their hands on the company’s shares. As the IT industry continues to grow and expand, Tech Mahindra is poised to take advantage of this growth and become one of the leading players in the industry. With its innovative solutions, strong financials, and experienced management team, it is a stock that is worth considering for any investor looking to make a long-term investment in the IT industry.
About the Company
Tech Mahindra is an Indian multinational technology company that provides IT services, including digital transformation, consulting, and managed services. It is a part of the Mahindra Group conglomerate and is headquartered in Pune, Maharashtra, India. Founded in 1986, the company has grown to become a leading global provider of IT solutions and services. It has a presence in over 50 countries and a range of products and services that span the entire IT and telecoms industry.
Tech Mahindra works with some of the world’s leading technology companies, such as IBM, Microsoft, Oracle, and Cisco. It also has strategic partnerships with leading telecom operators, such as Vodafone, and technology vendors, such as Apple and Dell. The company provides services and solutions in the areas of digital transformation, cloud computing, analytics, mobility, networking, and customer experience. It also offers managed services, including application development, maintenance, and support. Tech Mahindra is committed to delivering customer-centric digital transformation solutions that drive business growth and unlock opportunities.
Stock Price History of Tech Mahindra
Tech Mahindra was established in 1986 as a joint venture of Mahindra & Mahindra and British Telecom. In 1991, British Telecom increased its stake in the company to 51%, making it the first foreign direct investment in India’s telecom sector. In 1998, British Telecom sold its entire stake in the company to Mahindra & Mahindra.
In 2003, Mahindra & Mahindra spun off Mahindra Satyam, a software development and IT consulting business, and listed it on the Bombay Stock Exchange and National Stock Exchange.
In 2011, Tech Mahindra acquired a majority stake in Satyam Computer Services, which had been embroiled in a financial scandal, and rebranded it as Mahindra Satyam. In 2020, Tech Mahindra acquired the engineering and R&D business of Bosch in India.
Currently, Tech Mahindra’s share price is trading at Rs. 1,032.
Latest news about Tech Mahindra
- Investors in Tech Mahindra have seen a remarkable 122% return on their investments over the last five years.[7-feb-2023]
- CP Gurnani, the CEO of Tech Mahindra, is looking to move from a leadership role to a mentoring role after his retirement.[7-feb-2023]
How to buy Tech Mahindra shares? [ Online / Offline ]
To buy Tech Mahindra shares, you must first open a demat account and trading account with a registered stock broker. After that, you need to transfer funds to your trading account and place a buy order with your broker. Once the order is placed, your broker will execute the order and the shares will be credited to your demat account. You can also place the order online directly through the broker’s website.
You can also buy shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Tech Mahindra: 2023 to 2030
Share Price Target 2023 of Tech Mahindra is ₹1,412.27
| When | Maximum Price | Minimum Price |
| February 2023 | ₹1,052.64 | ₹809.72 |
| March 2023 | ₹789.48 | ₹607.29 |
| April 2023 | ₹868.43 | ₹668.02 |
| May 2023 | ₹723.69 | ₹556.68 |
| June 2023 | ₹868.43 | ₹668.02 |
| July 2023 | ₹1,042.11 | ₹801.63 |
| August 2023 | ₹1,146.32 | ₹881.79 |
| September 2023 | ₹1,203.64 | ₹925.88 |
| October 2023 | ₹1,146.32 | ₹881.79 |
| November 2023 | ₹1,260.96 | ₹969.97 |
| December 2023 | ₹1,412.27 | ₹1,086.36 |
The table represents the share price prediction for Tech Mahindra in 2023. The maximum price in February 2023 is ₹1,052.64 while the minimum price is ₹809.72.
As we move ahead in the year, the maximum price in September 2023 is recorded at ₹1,203.64 with the minimum price being ₹925.88. The growth percentage of the company’s share price is expected to be bullish throughout the year, with an uptrend observed in most months.
The highest growth is recorded in August 2023 with a maximum price of ₹1,146.32 and a minimum price of ₹881.79. This shows that the company’s share price is expected to rise consistently throughout the year.
The December 2023 price prediction shows a maximum price of ₹1,412.27 and a minimum price of ₹1,086.36, indicating a positive end to the year for the company.
Overall, the predictions suggest that the company is expected to perform well in 2023, with a promising upward trend in its share price.
Share Price Target 2024 of Tech Mahindra is ₹1,977.24
| When | Maximum Price | Minimum Price |
| January 2024 | ₹1,486.60 | ₹1,143.54 |
| February 2024 | ₹1,670.34 | ₹1,391.95 |
| March 2024 | ₹1,758.25 | ₹1,429.47 |
| April 2024 | ₹1,598.41 | ₹1,229.55 |
| May 2024 | ₹1,332.01 | ₹1,024.62 |
| June 2024 | ₹1,598.41 | ₹1,229.55 |
| July 2024 | ₹1,358.65 | ₹1,053.22 |
| August 2024 | ₹1,494.51 | ₹1,186.12 |
| September 2024 | ₹1,569.24 | ₹1,207.11 |
| October 2024 | ₹1,846.17 | ₹1,420.13 |
| November 2024 | ₹1,938.47 | ₹1,491.13 |
| December 2024 | ₹1,977.24 | ₹1,520.96 |
According to the table,the maximum price for January 2024 is predicted at ₹1,486.60 while the minimum price is ₹1,143.54. The predictions for the next months show a consistent uptrend, with the maximum price in November 2024 predicted at ₹1,938.47 and the minimum price at ₹1,491.13.
The growth percentage of the company’s share price is expected to be bullish throughout the year, with the highest growth recorded in October 2024 with a maximum price of ₹1,846.17 and a minimum price of ₹1,420.13.
The December 2024 price prediction shows a maximum price of ₹1,977.24 and a minimum price of ₹1,520.96, indicating a strong end to the year for the company. The overall predictions for 2024 suggest that Tech Mahindra’s share price is expected to perform well, with a consistent upward trend throughout the year.
The maximum and minimum share price targets for 2024 are ₹1,977.24 and ₹1,053.22, respectively.
Share Price Target 2025 of Tech Mahindra is ₹2,398.43
| When | Maximum Price | Minimum Price |
| January 2025 | ₹2,016.79 | ₹1,551.38 |
| February 2025 | ₹2,122.93 | ₹1,633.03 |
| March 2025 | ₹2,229.08 | ₹1,714.68 |
| April 2025 | ₹1,990.25 | ₹1,530.96 |
| May 2025 | ₹1,809.32 | ₹1,391.78 |
| June 2025 | ₹1,990.25 | ₹1,530.96 |
| July 2025 | ₹1,895.48 | ₹1,458.06 |
| August 2025 | ₹1,974.46 | ₹1,518.81 |
| September 2025 | ₹2,073.18 | ₹1,594.75 |
| October 2025 | ₹2,197.57 | ₹1,690.44 |
| November 2025 | ₹2,351.40 | ₹1,808.77 |
| December 2025 | ₹2,398.43 | ₹1,844.94 |
By the data, the maximum price for January 2025 is predicted at ₹2,016.79 while the minimum price is ₹1,551.38. The predictions for the next months show a consistent uptrend, with the maximum price in November 2025 predicted at ₹2,351.40 and the minimum price at ₹1,808.77.
The growth percentage of the company’s share price is expected to be bullish throughout the year, with the highest growth recorded in October 2025 with a maximum price of ₹2,197.57 and a minimum price of ₹1,690.44. The December 2025 price prediction shows a maximum price of ₹2,398.43 and a minimum price of ₹1,844.94, indicating a strong end to the year for the company.
The maximum and minimum share price targets for 2025 are ₹2,398.43 and ₹1,458.06, respectively.
Tech Mahindra Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹1,678.90 | ₹1,175.23 |
| 2027 | ₹1,427.06 | ₹998.94 |
| 2028 | ₹2,568.71 | ₹1,798.10 |
| 2029 | ₹5,276.54 | ₹3,693.58 |
| 2030 | ₹5,876.15 | ₹4,113.30 |
The year 2026 seems to be a moderate year for Tech Mahindra with the maximum share price predicted to reach ₹1,678.90 and a minimum of ₹1,175.23. In 2027, the company’s share price is expected to experience a dip with a maximum prediction of ₹1,427.06 and a minimum of ₹998.94.
However, in the following years, the company is expected to experience substantial growth with the maximum share price predicted to reach ₹5,276.54 in 2029 and ₹5,876.15 in 2030 with respective minimum prices of ₹3,693.58 and ₹4,113.30.
These predictions indicate a bullish trend in the long term for Tech Mahindra and could be a good investment opportunity for investors in the future.
Financial Condition of Tech Mahindra: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | Trailing |
| Sales | 30,772.90 | 34,742.10 | 36,867.70 | 37,855.10 | 44,646.00 | 49,404.50 |
| Expenses | 26,063.30 | 28,470.70 | 31,364.60 | 31,058.80 | 36,626.00 | 41,432.30 |
| Operating Profit | 4,709.60 | 6,271.40 | 5,503.10 | 6,796.30 | 8,020.00 | 7,972.20 |
| Other Income | 1,416.60 | 534.20 | 1,192.40 | 788.30 | 1,115.10 | 960.00 |
| Depreciation | 1,085.00 | 1,129.20 | 1,445.80 | 1,457.70 | 1,520.40 | 1,814.70 |
| Interest | 162.40 | 133.20 | 191.90 | 174.00 | 162.60 | 208.40 |
| Profit before tax | 4,878.80 | 5,543.20 | 5,057.80 | 5,952.90 | 7,452.10 | 6,909.10 |
| Tax | 1,092.60 | 1,254.40 | 1,160.40 | 1,599.90 | 1,822.00 | 1,538.90 |
| Net profit | 3,799.80 | 4,297.60 | 4,033.00 | 4,428.00 | 5,566.10 | 5,291.20 |
| EPS | 38.79 | 43.70 | 41.75 | 45.73 | 57.28 | 54.34 |
| Price to earning | 16.47 | 17.75 | 13.54 | 21.68 | 26.18 | 18.96 |
| Price | 638.70 | 775.90 | 565.50 | 991.45 | 1,499.45 | 1,030.10 |
| RATIOS: | ||||||
| Dividend Payout | 32.55% | 28.91% | 32.42% | 88.82% | 70.95% | |
| OPM | 15.30% | 18.05% | 14.93% | 17.95% | 17.96% | 16.14% |
Tech Mahindra has seen steady growth in its financial performance over the last five years. From a revenue standpoint, the company has reported a 49% growth in sales, reaching a total of 49,404.50 crore in Mar-22 from 30,772.90 crore in Mar-18.
The operating profit has also seen a significant increase over the same period, with a maximum growth of 17.96% in Mar-22 and a minimum of 14.93% in Mar-20. Despite a decline in the profit after tax (PAT) in Mar-22, compared to the previous year, the company still managed to report a profit growth of 72% from Mar-18 to Mar-22.
Furthermore, the earnings per share (EPS) have increased by 42% over the last five years, reaching a maximum of 57.28 in Mar-22 and a minimum of 38.79 in Mar-18.
With a revenue growth and profit growth of 49% and 72% respectively, Tech Mahindra is undoubtedly one of the fastest growing IT companies in the industry.
FAQS
Will the share price of Tech Mahindra increase in 2023?
It is anticipated that Tech Mahindra per share price will increase to ₹1,412.27 by the end of 2023. The Company’s strong financial position and robust growth strategy are key factors contributing to this prediction.
What is the anticipated value of Tech Mahindra stock in 2030?
It is projected that Tech Mahindra’s stock price could be approximately ₹5,876.15 per share by 2030.
Will Tech Mahindra give a Dividend?
Yes, Mahindra provides a dividend to their shareholders. In march 2022, Mahindra gives a Dividend of 11.55 INR per share.
Also read:
- What is Warren Buffett’s Style of Investing? Does it still work in 2023?
- Psychology of Money Book Review: What I learned from reading this book?
- What is LUX INDUSTRIES LIMITED’s share price target:2023, for 2024, 2025 to 2030?
Conclusion
Overall, the Tech Mahindra share price target from 2023 to 2030 is expected to remain strong. The company’s sound financial performance and reputation for excellent customer service and innovation will position it well for future growth.
The company’s strategic partnerships with leading technology companies and its commitment to creating new solutions for the future will help drive its share price growth over the next seven years. With a solid track record of success and a proven ability to adapt to changing market conditions, Tech Mahindra looks well-positioned to continue to deliver strong returns to its shareholders over the next seven years.
