Managerial Economics [EC109]

COMPANY REPORT 2022

11/22/22 SHUBHAM PRABHAT 22000605 (FY MBA – SEM 1)

Contents
ABOUT...................................................................................................................................................................3
History...................................................................................................................................................4
Acquisition of Satyam Computer Services Ltd......................................................................................4
Merger with Mahindra Satyam............................................................................................................4
Other Acquisitions................................................................................................................................5
VISION...................................................................................................................................................................5
PRODUCT & SERVICES............................................................................................................................................6
NATURE OF INDUTRY.............................................................................................................................................7
Industries..............................................................................................................................................7
COMPETITION........................................................................................................................................................8
Competitors..........................................................................................................................................8
Industry.................................................................................................................................................8
Services Offered....................................................................................................................................8
Categories in common with Tech Mahindra........................................................................................8
SWOT ANALYSIS...................................................................................................................................................11
Strength..............................................................................................................................................11
Weakness............................................................................................................................................11
Opportunities......................................................................................................................................11
Threats................................................................................................................................................12
FINANCIAL STATEMENTS......................................................................................................................................13
Profit & Loss Statement......................................................................................................................14
Balance Sheet.....................................................................................................................................15
Cash Flow Statement..........................................................................................................................16
Ratio Analysis......................................................................................................................................16
Stock Price Change.............................................................................................................................17
LEADERSHIP COMMITMENT.................................................................................................................................18
SUSTAINABILITY FRAMEWORK.............................................................................................................................18
AWARDS & ACCOLADES.......................................................................................................................................19

1|Page
 ABOUT
Tech Mahindra is an Indian multinational information technology services and consulting company. Part of the
Mahindra Group, the company is headquartered in Pune and has its registered office in Mumbai. Tech
Mahindra is a US $6.0 billion company with over 158,000 employees across 90 countries. The company was
ranked number 5 in India's IT firms and overall, number 47 on Fortune India 500 list for 2019. On 25 June 2013,
Tech Mahindra announced the completion of a merger with Mahindra Satyam. Tech Mahindra has 1262 active
clients as of June 2022. Tech Mahindra Limited has entered into share subscription agreement to acquire 26%
equity shares in Upendra Singh Multi Transmission Private Limited. The acquisition would enable the Company
to procure 1.5 MW of Solar Energy for its captive consumption at its facilities located in Noida, UP.

Revenue
HQ Established Industry Founder Type Headcount

IT Consulting ₹38,642
PUNE, October & Anand 163,000+ (As crore 
Maharastra 24th, 1986 Outsourcing Mahindra Public of Q3, 2022)
(US$6 billion)

Tech Mahindra

Core Purpose Core Values

Drive positive change in the lives of our
communities Only when we enable others
to rise will we rise #TogetherWeRise
Our culture rests upon a set of core values
that guide our actions, both personal and
corporate. Our core values - good corporate
citizenship, professionalism, quality focus,
customer-first, and dignity of the individual -
inspire our associates to achieve our core
purpose.

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History
Mahindra & Mahindra started a joint venture with British Telecom in 1986 as a technology outsourcing firm.
British Telecom initially had around a 30 percent stake in Tech Mahindra. In December 2010, British Telecom sold
5.5 percent of its stake in Tech Mahindra to Mahindra & Mahindra for Rs. 451 crores. In August 2012, British
Telecom sold 14.1 percent of its stake to institutional investors for about Rs. 1,395 crores. In December 2012,
British Telecom sold its remaining 9.1 per cent (11.6 million shares) shareholding to institutional investors for
total gross cash proceeds of Rs. 1,011.4 crores. This sale marked the exit of British Telecom from Tech Mahindra.

Acquisition of Satyam Computer Services Ltd.

After the Satyam scandal of 2008-09 Tech Mahindra bid for Satyam Computer Services, and emerged as a top
bidder with an offer of INR 58.90 a share for a 31 percent stake in the company, beating a strong rival Larsen &
Toubro. After evaluating the bids, the government-appointed board of Satyam Computer announced on 13 April
2009: "its Board of Directors has selected Venturbay Consultants Private Limited, a subsidiary controlled by Tech
Mahindra Limited as the highest bidder to acquire a controlling stake in the Company, subject to the approval of
the Hon'ble Company Law Board.

Merger with Mahindra Satyam

Tech Mahindra announced its merger with Mahindra Satyam on March 21, 2012, after getting approval of the
two company boards to create an IT company worth US$ 2.5 billion. The two firms had received the go-ahead for
the merger from the Bombay Stock Exchange and the National Stock Exchange. On June 11, 2013, Andhra
Pradesh High Court gave its approval for merging Mahindra Satyam with Tech Mahindra, after getting approval
from the Bombay high court. Vineet Nayyar (Former Chairman of Mahindra Satyam) said that technical approvals
from the Registrar of Companies in Andhra Pradesh and Maharashtra are required which will be done in two to
four weeks, and within eight weeks, the new merged entity would be in place. The new organization would be
led by Anand Mahindra as Chairman, Vineet Nayyar as Vice Chairman, and C. P. Gurnani as the CEO and
Managing Director. On June 25, 2013, Tech Mahindra announced the completion of its merger with Mahindra
Satyam to create the nation's fifth largest software services company with a turnover of US$2.7 billion. Tech
Mahindra got the approval from the registrar of companies for the merger at 11:45 pm on June 24, 2013. July 5,
2013 has been determined as record date on which the Satyam Computer Services ('Mahindra Satyam') shares
will be swapped for Tech Mahindra shares under the approved scheme. Mahindra Satyam (Satyam Computer
Services), was suspended from trading with effect from July 4, 2013, following the merger. Tech Mahindra
completed share swap and allocated its shares to the shareholders of Satyam Computer Services on July 12,
2013. The stock exchanges have accorded their approval for trading the new shares with effect from July 12,
2013 onwards. Tech Mahindra posted net profit of INR 686 crore for the first quarter ended June 30, 2013, up
27% compared to the corresponding quarter the previous year.

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Other Acquisitions
In 2014, Tech Mahindra acquired Lightbridge Communications Corporation (LCC), one of the largest independent
telecom services companies in the world with local presence in over 50 countries. In 2015, Tech Mahindra
acquired SOFGEN Holdings, a 450-employee Swiss IT firm serving the financial services industry. Tech Mahindra
purchased a controlling stake in Pininfarina, an Italian brand in automotive and industrial design. Tech Mahindra
announced the launch of its Automation Framework AQT (Automation, Quality, Time). By March 2016, Tech
Mahindra's post-tax earnings had surged past that of M&M. Tech Mahindra said it would buy financial
technology firm Target Group to boost its platform business process-as-a-service offering in the banking sector.
In 2017, Tech Mahindra and Midad Holdings, a part of diversified business conglomerate Al Fozan Group
announced the launch of a joint venture, Tech Mahindra Arabia Ltd. On the basis of a global partnership
agreement signed, Tech Mahindra will market Huawei's enterprise products and services across 44 countries
including India. Tech Mahindra announced that it has signed a definitive agreement to acquire CJS Solutions
Group LLC, a US-based healthcare Information Technology consulting company which does business as (DBA)
“The HCI Group.” In 2019, Tech Mahindra acquired DynaCommerce BV. Tech Mahindra, during September 2019,
has acquired BORN Group, a New York City based digital content and production agency, for $95 million in an all-
cash deal.

In March 2021, Tech Mahindra partnered with US-based business intelligence analytics company ThoughtSpot. In
April 2021, Tech Mahindra acquired US-based DigitalOnUs, a hybrid cloud and DevOps services provider for $120
million. In June 2021, Tech Mahindra also acquired another US-based (New Jersey) Brainscale Inc., a leading
cloud consulting and cloud transformation service provider for $30 million, and Colorado-based Eventus
solutions group for $44 million. Overall, spending around $230 million to buy 5 companies in the year 2021 itself.

VISION

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PRODUCT & SERVICES
Tech Mahindra’s service offerings are aligned to the changing world of modern customers. Their portfolio of
services ranges from designing strategy to delivering impact. Below are key offerings by Tech Mahindra:

 Infrastructure and Cloud Services

 Experience Design Services
 Business Process Services
 Network Services
 Testing Services
 Business Excellence Services
 Integrated Engineering Solutions
 Performance Engineering
 Telecom Product Engineering
 SAP
 Oracle
 Enterprise of Future
 Data Analytics
 Artificial Intelligence
 Cyber Security
 Customer Experience
 Digital Supply Chain
 Intelligent Automation
 Sustainability As Services


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NATURE OF INDUTRY
Tech Mahinda is an India based multinational company belonging to Information Technology Consulting and
Outsourcing industry. It offers innovative and customer centric digital experiences, enabling enterprises,
associates and the society to rise. They are $6 billion organization with 163,000+ professionals across 90+
countries helping 1279 global customers including Fortune 500 companies. They are focused on leveraging next-
gen technologies including 5G, Blockchain, Metaverse, Quantum Computing, Cybersecurity, Artificial Intelligence
and more, to enable end-to-end transformation for global customers. Tech Mahindra is the only Indian company
in world to receive the HRH The Prince of Wales’s Terra Carta Seal for its commitment to creating sustainable
future. They are the fastest growing brand in ‘brand strength’ and amongst top 7 IT brands globally. With the
NXT.NOWTM framework, Tech Mahindra aims to enhance ‘Human Centric Experience’ for our ecosystem and drive
collaborative disruption with synergies arising from a robust portfolio of companies. Tech Mahindra aims at
delivering tomorrow’s experience today and believes that the ‘Future is Now’.

Industries
Tech Mahindra is a part of Mahindra Group (founded, 1945) one of the largest and most admired multinational
federation of companies with 260,000 employees in over 100 countries. Every time the society needed, they
stepped in and helped create a new industry. In 1945, their journey commenced with them getting into the steel
business, and over time, they expanded to 22 key industries. A need for change in the agricultural practices
pushed them to foray into that sector right before the agriculture revolution began in India. They became one of
the key torch-bearers of the IT revolution in the country. Their focus now lies in developing alternate energy
sources because they believe energy conservation will play a huge role in ensuring a better future – for not just
our country and communities, but the entire world.

 Aerospace  Information Technology  Consulting

 Aftermarket  Insurance Broking  Defense

 Agri Industry  Logistics  Farm Equipment

 Automotive  Power Backup  Hospitality

 Boats  Real Estate &  Steel

Infrastructure

 Clean Energy  Retail  Trucks & Buses

 Construction Equipment  Rural Housing Finance  Two Wheelers

 Vehicle & Equipment

Finance

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COMPETITION
Competitors Industry Services Offered Categories in common with
Tech Mahindra

Accenture Consulting and  Management Robotic Process Automation

Implementation Practice. Consulting (RPA) Consultancy Services
 Systems Integration
and Technology
 Business Process
Outsourcing
 Application and
Infrastructure
Outsourcing

Wipro Salesforce Consulting  Consulting Robotic Process Automation

and Implementation  Business Process (RPA) Consultancy Services
Services. Outsourcing
 Business Application
Services
 Infrastructure
Management
 Cloud Services
 Analytics and
Information
Management
 Product and
Engineering Services
 Mobility
 Data Centre Managed
Services
 Software application
management

TCS (Tata Salesforce Consulting  Cloud Robotic Process Automation

Consulting and Implementation  Cognitive Business (RPA) Consultancy Services
Services. Operations
Services)
 Consulting
 Cyber Security
 Data and Analytics
 Enterprise Solutions
 IoT and Digital
Engineering
 Sustainability Services

EY (Ernst & Business Consulting &  Advisory Robotic Process Automation

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Young) Services.  Assurance (RPA) Consultancy Services
 Tax
 Transactions
 Audit
 Mergers
 M&A
 Financial Services
 Accounting
 Professional Services
 Law
 Technology
 Consulting
 Data
 Transformation
 Strategy
 Legal
 Digital transformation
 Legal
 Growth and Managed
Services

KPMG Business Consulting &  Consulting Robotic Process Automation

Services  Accounting (RPA) Consultancy Services
 Tax
 Advisory
 Transformation
 Audit

PWC Business Consulting &  Application Robotic Process Automation

Services. Technology (RPA) Consultancy Services
 Cloud Transformation
 Data and Analytics
 Emerging Tech
 Enterprise Apps –
(Microsoft, Oracle,
SFDC, SAP, Workday)
 Financial Services
Technology
 Government Tech
 Intelligent Automation
 IT Function
 Transformation
Infosys Consulting and  IT Solutions and Robotic Process Automation
Implementation Practice. Service (RPA) Consultancy Services
 Consulting
 Business Process
Outsourcing

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  Products and
Platforms
 Engineering Services
 Cloud Services
 Artificial Intelligence
 Digital and Big Data

Deloitte Business Consulting &  Oracle Robotic Process Automation

Consulting Services  Technology Strategy & (RPA) Consultancy Services
Transformation
 Emerging ERP
Solutions
 Finance &
Performance
 SAP
 Supply Chain &
Network Operations

Capgemini Salesforce Consulting  Outsourcing Robotic Process Automation

and Implementation  Process Consulting (RPA) Consultancy Services
Practice.  Package Based
Solutions
 Custom Solution
Development
 Application
Management
 Business Information
Management
 Artificial Intelligence
 Business Consulting
 Cloud
 Digital and Managed
Services

Dunn Solutions IT Consulting and  Business Analytics SAP HANA Resellers

Outsourcing  Custom Application
Development
 Mobile Applications
 Data Warehousing
 Portals and E-
Commerce

9|Page
SWOT ANALYSIS
Strength
Strengths are the aspects where a company is strong enough to compete with the competition and is performing
well in those segments.
1. Different customer domains: Tech Mahindra has put itself in its place with strategies to identify the various
end markets. Tech Mahindra provides IT services to various industries including telecommunications, banking,
manufacturing, and finance, etc.
2. Diversity: Tech Mahindra has masterfully organized its global expansion program to accommodate a wide
range of geographies. Tech Mahindra markets include developed markets such as North America and Europe;
and emerging markets such as Africa, Asia Pacific. This geographical spread also reduces business risk and
greater reliance on focused markets.
3. Complete and balanced service portfolio: Tech Mahindra has a comprehensive and balanced service portfolio.
The range of services offered by Tech Mahindra includes telecommunications and business solutions, IT
infrastructure services, business outsourcing (BPO), and business services. With a variety of offerings, Tech
Mahindra can attract a diverse customer base.
4. Strategic Partnership: Tech Mahindra has established a partner program specifically designed to develop tools
to support technology products. It has partnered with companies like Google, IBM, Microsoft, and SAP, etc.
Such a partner network gives the company the technical impetus that helps it deliver more value to its
customers.

Weakness
Weakness is the aspect where a company needs to improve and make sure it does not affect the company
negatively.
1. Lack of Average: Tech Mahindra competes with giants like Infosys, TCS, and Accenture, etc. Compared to its
peers, Tech Mahindra has a lack of scale. INFY 2015, Tech Mahindra can only show 1/3 of the money earned by
TCS. This puts Tech Mahindra in a dangerous position.
2. Most of the revenue is fixed: Most of Tech Mahindra’s revenues come from Europe and America, weak as the
company is affected by any economic or political changes that take place in these markets.

Opportunities
Opportunities are the aspects in which a company gets a chance to increase its profits and can they can use
different opportunities to overcome its weaknesses and can improve on its strengths.
1. Increasing demand for cloud-based solutions: The global market for cloud-based services is expected to show
strong growth in the coming years. With the development of IT infrastructure in developing and emerging
countries and technological advances, cloud services are expected to grow to a 19% CAGR by 2019. Tech
Mahindra has established a cloud services market and is expected to benefit from the increase in demand.

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2. Expanding business mobility market: With the growing number of mobile operators and the emergence of
Smartphones, business applications are expected to take over the business travel market. The global business
solutions market is expected to grow at a CAGR of 24.7% by 2021. Tech Mahindra offers a variety of business
travel solutions which is why it is expected to benefit from increasing demand.
3. Big Data: There has been tremendous growth in Data over the years and Big Data has been the same big
donor. Big data helps all organizations that want to convert big data into understandable data. Tech Mahindra
provides many Big Data services and is therefore ready for profit.

Threats
Threats are the aspects from a company that needs to protect itself as it can negatively affect the company and
can lead the company getting to loss.
1. Competitive Competition: Tech Mahindra exists in the highly competitive IT industry. The company competes
with major companies such as TCS, Infosys, Wipro, HCL and IBM, etc. Excessive competition leads to price
pressures and threatens to end market share.
2. IT Cost Reduction: The IT industry has experienced a sharp decline in global consumption which indicates that
growth in the industry is slow and uncertain in the IT market.
3. Recruitment: The IT industry in India faces a high level of employment as there are a high number of
opportunities for IT professionals.

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 FINANCIAL STATEMENTS

Quarterly Results (in Cr.)

PRODUCT SEGMENTS
  Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun-21 Sep- Dec- Mar- Jun-22 Sep-22
19 19 20 20 20 20 21 21 21 22
Sales + 9,070 9,65 9,490 9,10 9,372 9,647 9,73 10,198 10,881 11,451 12,11 12,708 13,130
5 6 0 6
Expenses + 7,569 8,09 8,360 7,80 7,669 7,752 7,83 8,321 8,887 9,392 10,02 10,828 11,185
1 6 2 8
Operating Profit 1,501 1,56 1,130 1,30 1,703 1,896 1,89 1,876 1,994 2,059 2,088 1,880 1,944
3 0 7
OPM % 17% 16% 12% 14% 18% 20% 20% 18% 18% 18% 17% 15% 15%
Other Income + 217 350 287 416 118 221 33 287 282 223 324 122 290
Interest 38 55 53 50 40 42 42 38 35 34 55 40 79
Depreciation 342 385 398 383 372 358 344 331 343 362 484 477 492
Profit before tax 1,338 1,47 966 1,28 1,409 1,716 1,54 1,794 1,898 1,886 1,873 1,486 1,664
4 3 4
Tax % 17% 25% 25% 26% 25% 25% 32% 24% 29% 27% 18% 23% 22%
Net Profit 1,111 1,11 726 956 1,063 1,290 1,04 1,366 1,341 1,378 1,545 1,148 1,299
1 4
EPS in Rs 11.65 11.8 8.32 10.0 11.01 13.54 11.1 13.97 13.81 14.1 15.49 11.64 13.21
7 6 7

Quarterly Results (Product Segment)

14,000

12,000
Sales +
Expenses +
10,000
Operating Profit
OPM %
8,000 Other Income +
In crores

Interest
6,000 Depreciation
Profit before tax
4,000 Tax %
Net Profit
EPS in Rs
2,000

0
Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22
Quarter

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 Profit & Loss Statement

Profit & Loss (in Cr.)

PRODUCT SEGMENTS
  Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- TTM
11 12 13 14 15 16 17 18 19 20 21 22
Sales + 5,140 5,49 6,873 18,802 22,621 26,494 29,14 30,773 34,742 36,868 37,855 44,64 49,404
0 1 6
Expenses + 3,721 4,57 5,451 14,630 18,428 22,234 24,95 26,063 28,471 31,365 31,059 36,62 41,432
2 6 6
Operating Profit 1,419 918 1,422 4,172 4,193 4,260 4,184 4,710 6,271 5,503 6,796 8,020 7,972
OPM % 28% 17% 21% 22% 19% 16% 14% 15% 18% 15% 18% 18% 16%
Other Income + -287 30 -141 244 106 453 775 1,417 534 1,192 788 1,115 960
Interest 111 103 103 80 69 97 129 162 133 192 174 163 208
Depreciation 144 161 200 522 611 759 978 1,085 1,129 1,446 1,458 1,520 1,815
Profit before tax 877 685 978 3,815 3,618 3,857 3,853 4,879 5,543 5,058 5,953 7,452 6,909
Tax % 15% 21% 24% 20% 27% 22% 26% 22% 23% 23% 27% 24%  
Net Profit 646 1,09 1,307 3,062 2,659 3,027 2,851 3,786 4,289 3,897 4,353 5,630 5,370
9
EPS in Rs 12.79 21.4 25.13 32.44 27.35 30.92 28.88 38.78 43.7 41.76 45.73 57.27 54.44
8
Dividend Payout % 8% 5% 5% 15% 22% 35% 28% 33% 29% 32% 89% 71%  

P&L Statement (Product Segment)

140,000
120,000
100,000
80,000
In Crores

60,000
40,000
20,000
0
Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 TTM
-20,000
Financial Year

Sales + Expenses + Operating Profit OPM % Other Income + Interest

Depreciation Profit before tax Tax % Net Profit EPS in Rs Dividend Payout %

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 Balance Sheet

Balance Sheet (in Cr.)

CORPORATE ACTIONS
  Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Sep-22
11 12 13 14 15 16 17 18 19 20 21 22
Share Capital + 126 128 128 234 480 436 439 442 444 436 437 439 440
Reserves 3,225 3,92 5,297 8,947 11,768 14,15 15,996 18,399 19,839 21,376 24,42 26,446 26,347
3 4 3
Borrowings + 1,223 1,12 1,380 363 700 1,091 1,366 2,397 1,996 3,670 2,901 2,618 2,830
7
Other Liabilities + 1,481 1,75 2,179 6,396 6,899 6,844 8,256 9,194 11,168 11,835 11,84 14,912 16,042
8 1
Total Liabilities 6,055 6,93 8,984 15,940 19,848 22,52 26,057 30,431 33,446 37,318 39,60 44,416 45,659
5 5 2
Fixed Assets + 617 682 1,245 2,594 4,033 4,309 6,460 7,622 7,061 8,872 9,018 14,784 14,756
CWIP 61 167 34 266 568 629 373 240 276 50 118 165 252
Investments 2,908 3,58 4,099 1,472 2,103 1,297 2,396 4,841 7,342 5,848 10,23 4,884 3,139
8 8
Other Assets + 2,470 2,49 3,607 11,607 13,145 16,28 16,828 17,728 18,766 22,548 20,22 24,583 27,513
8 9 8
Total Assets 6,055 6,93 8,984 15,940 19,848 22,52 26,057 30,431 33,446 37,318 39,60 44,416 45,659
5 5 2

Balance Sheet
50000
45000
40000
35000
30000
In Crores

25000
20000
15000
10000
5000
0
Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Sep-22

Quarter

Share Capital + Reserves Borrowings + Other Liabilities + Total Liabilities

Fixed Assets + CWIP Investments Other Assets + Total Assets

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 Cash Flow Statement

Cash Flows
  Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar-22
11 12 13 14 15 16 17 18 19 20 21
Cash from Operating Activity + 464 712 855 1,596 2,448 3,137 4,071 3,554 4,432 4,358 8,094 5,285
Cash from Investing Activity + -133 -420 -622 291 - - - - - 1,081 - 480
1,865 1,453 2,893 3,319 2,104 5,433
Cash from Financing Activity + -287 -317 65 -972 -829 -496 - -269 - - - -4,667
1,571 2,251 4,466 2,987
Net Cash Flow 44 -26 298 915 -246 1,188 -392 -35 77 974 -326 1,098

Cash Flows
10000
5000
In Crores

0
Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22
-5000
-10000
Axis Title

Cash from Operating Activity + Cash from Investing Activity + Cash from Financing Activity + Net Cash Flow

Ratio Analysis

Ratios
  Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar-22
11 12 13 14 15 16 17 18 19 20 21
Debtor Days 74 88 90 84 84 80 67 77 73 75 87 98
Inventory Days  
Days Payable  
Cash Conversion Cycle 74 88 90 84 84 80 67 77 73 75 87 98
Working Capital Days 54 45 24 47 64 69 67 53 37 60 42 43
ROCE % 29% 18% 19% 46% 33% 28% 24% 25% 26% 22% 23% 27%

Return on Captial employed %

Ratio Analysis
150 50%
40%
100 30%
In Days

50 20%
10%
0 0%
Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22

Financial year

Debtor Days Inventory Days Days Payable

Cash Conversion Cycle Working Capital Days ROCE %

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 Stock Price Change
Open 1,055.10
Previous Close 1,060.85
Volume 14,75,958
Value (Lacs) 15,388.34
i VWAP 1,047.13
Beta 1.14
High 1,057.90
Low 1,037.80
UC Limit 1,166.90
LC Limit 954.8
52 Week High 1,838.00
52 Week Low 943.7
TTM EPS 54.36(+46.32% YoY)

TTM PF  19.18(Average PE)

P/B  3.99(High P/B)

Face Value 5
Market Cap (Rs. Cr.) 1,01,488
Dividend Yield 4.32
20D Average Volume 25,71,308
20D Average Delivery (%) 41.25
Sector PE 29.52
Book Value Per Share 261.27

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LEADERSHIP COMMITMENT

SUSTAINABILITY FRAMEWORK

People Planet Profit

Enabling Stakeholders to Rise Rejuvenating the Environment Building Enduring Business

Build a Great Place to Work. Achieve Carbon Neutrality. Grow Green Revenue.
Foster Inclusive Development. Become Water Positive. Mitigate Risk Including Climate
Make Sustainability Persona. Ensure No-Waste to Landfill. Risk.
Promote Biodiversity. Make Supply Chain Sustainable.

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AWARDS & ACCOLADES
 Only Indian Company to be in the Carbon Clean 200 List
 Awarded with prestigious ‘A’ score in CDP 2021 Global Climate Change and Water Stewardship.
 Recipient of HRH The Prince of Wales’ Terra Carta Seal 2021
 Global IT Leader in Dow Jones Sustainability World Index 2021
 Received the Bronze Class distinction in the Sustainability Yearbook- 2021 for excellent sustainability
performance by S&P Global. Included in the Top 10 IT Services Companies Globally.
 Awarded Highest ‘Gold CSR Rating- 2021’ by EcoVadis for Second Year in a Row with 94%.
 Only Indian company ranked in 2021 Global 100 Most Sustainable Corporations by Corporate knights.
 The only Indian IT company to score double 'A' in CDP Climate and CDP Water 2020.
 Amongst only 3 companies from India to make it to the DJSI World Index 2020
 Amongst the 11 Indian companies who are part of the Emerging markets category 2020
 Ranked among the Top 7 companies of the world in the “TSV IT services & Internet Software and Services”
segment.
 Awarded with Prime Status by ISS ESG Corporate
 Constituent of FTSE4Good Index 2020
 Leader in Sustainalytics with 99 percentile, & an overall ESG Score of 84.
 Awarded with leadership ranking of A- by CDP 2019. Among top 6 companies of India recognized by CDP.
 One amongst only 3 companies from India in the DJSI World Index - 2019
 One of the 12 Indian companies to be part of the Emerging markets category – 2019
 Ranked among the Top 6 companies of the world in the “TSV* IT services & Internet Software and Services”
segment (*TSV- Industry code by RobecoSAM)
 Constituent of the FTSE4Good Emerging Index 2019
 Winner of Microsoft Supplier Program (MSP) Sustainability Award 2019
 Emission targets approved by the Science Based Targets initiative (SBTi)
 Included in the RobecoSAM 2019 Sustainability Yearbook with a Silver Class distinction
 Ranked A and identified as a global leader for Supplier Engagement by CDP 2018
 One of only 5 companies from India to be in the Leadership ranking in the Carbon Disclosure Project (CDP) 2018
 Member of DJSI World Index for 2018- one amongst the only 4 Indian companies to be listed
 Constituent of DJSI Emerging Markets for 2018- amongst the 10 Indian companies to make this list
 Constituent company in the FTSE4Good Index Series 2018
 Awarded Prime status by ISS-oekom, our sustainability performance among the best 10% in the sector
 Recognized as World Leader for Supplier engagement on Climate Change 2018 by CDP- the only Indian Company
on this Leader Board
 Included in the RobecoSAM 2018 Sustainability Yearbook and has received the Silver Class distinction for
excellent sustainability performance
 Listed as a ‘Rising Star’ in the CDP’s India Leaders 2017
 Rated Gold in CII Sustainability Plus Corporate Assessments 2016
 Winner of the Mahindra Group Grand Master Sustainability Award 2017
 Winner of iNFHRA's FM Excellence Conference Awards 2017 for Ecological Sustainability
 Constituent of the FTSE4Good Emerging Index 2017
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 Member of DJSI World Index for 2017- one amongst the only 4 Indian companies to be listed
 Member of DJSI World Index for 2017- one amongst the only 4 Indian companies to be listed
 Included as member of the United Nations Global Compact (UNGC)
 Awarded the Silver Class distinction in the DJSI Sustainability Yearbook 2017
 Recognized as CDP Global Supplier A List 2017
 Constituent of the FTSE4Good Emerging Index 2016
 Received the Skoch Order-of-Merit for Innovation
 Amongst the only three Indian companies to be listed on the DJSI World Index for 2016
 Amongst one of the 10 Indian companies to make it to the DJSI Emerging Markets for 2016
 Tech Mahindra has retained its Leadership position and has been rated “A”, the top ranking in the Climate A List
2016 of the Climate Disclosure Project. It is one amongst the only 2 companies from India to be rated the
highest-level ranking ‘A’ in the CDP’s Climate list.”
 Gold Rated at CII Sustainable Plus 2015
 Tech Mahindra receives Runner-Up for ASSOCHAM Responsible Organization Excellence Award 2015-16
 Tech Mahindra Limited, Mumbai' has been declared as the Winner of ‘Golden Peacock Award for Risk
Management’ for the year 2015.
 Tech Mahindra won four awards at the SHRM HR Awards 2015, bagging the top honors in three categories and
runners up in the fourth category. Winner of Excellence in Social Media People Practices, Winner of Excellence
in Community Impact, Winner of Excellence in Developing Leaders of Tomorrow, Runners Up in Employee
Health and Wellness Practices
 Tech Mahindra has won the Silver in the prestigious Innovation Category (Large Enterprises) in this year's
Express IT Awards.
 Tech Mahindra Foundation has bagged the Mahindra Rise Star Performer Award for 2015.
 Tech Mahindra has been awarded the prestigious ‘Forbes Top 100 Middle East - Global Meets Local 2015’
Award.
 Tech Mahindra has won the prestigious ‘Training Top 125’Award for 2016.
 Tech Mahindra has been recognized by NextDC as ‘Highly Commended – As a Service Partner of the Year’.
 Tech Mahindra has won the IOT Award 2015 for Smart City Initiative at the World Communication Awards
Ceremony organized by Total Telecom in Wembley Stadium, London.
 Tech Mahindra bagged the prestigious Aegis Graham Bell Award for the Best Solution in Smart Cities at a grand
award ceremony held in New Delhi, India.

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