12-31-2022
| INR/share | |
| Price | 1,016.40 |
| Dividend | 47.97 |
| Earnings | 63.53 |
| Cash-flow | 54.35 |
| Book value | 274.70 |
| Equity | 265.82 |
Tech Mahindra is part of Software and Computer Services business, which is part of Technology industry. Tech Mahindra is a company from India, and his stocks are publicly traded.
Tech Mahindra paid a total dividend of 46,627 million INR last year, for a market value of 987,941 millions (Market Cap 615,016 millions). Dividend per share of Tech Mahindra is 47.97 INR, and his stock market price 1,016.40 INR.
According to the chart below, where dividend yield is displayed, Tech Mahindra has a dividend yield of 4.72%, which is higher than the amount offered by both the market average and companies from India. It is also bigger than average of Technology industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.
In addition, you should compare Tech Mahindra dividend yield with other Software and Computer Services companies or firms from India.
Tech Mahindra Dividend Payout
About the ability of Tech Mahindra to maintain his current dividend of INR 47.97 per share, an amount that accounts for 4.72%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Tech Mahindra payout on ernings is currently 75.51%, which is higher than the market average, and companies of Technology industry, which are 41.22% and 34.60% respectively. Both figures show that Tech Mahindra can have problems to keep with his present dividend yield.
The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Tech Mahindra is INR 54.35 per share, which is higher than the dividend per share paid by the company of INR 47.97, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Tech Mahindra, compared againt world market average, India companies, Technology industry and Software and Computer Services sector companies.
Tech Mahindra Dividend History
| Year | Yield | INR | Paypout | Shares* |
| Present | 4.72% | 47.97 | 75.51% | 972 |
| 2021 | 0.84% | 15.04 | 29.74% | 968 |
| 2020 | 1.54% | 14.99 | 32.50% | 966 |
| 2019 | 1.84% | 14.03 | 28.71% | 965 |
| 2018 | 1.94% | 14.03 | 33.18% | 980 |
| 2017 | 1.79% | 9.02 | 28.81% | 974 |
| 2016 | 1.24% | 6.02 | 17.87% | 972 |
| 2015 | 1.12% | 5.97 | 20.82% | 962 |
*In millions
Tech Mahindra Stock performance
Finally, last moth Tech Mahindra showed a return of -5.60% compared to a worldwide -2.30% average, and a -5.12% of Technology firms. Over the last year, the company obtained a -43.20% versus a worldwide performance of a -5.85%. More detailed information can be seen in the following graph for India and Software and Computer Services firms.
