Tech Mahindra

    TECHM
    IT
    ₹1541.00
    price as of 11/9/2026, 5:45:19 pm

    Market cap ₹1.37 L Cr

    P/E
    26.65
    Day range
    ₹1,518.60 – ₹1,557.30
    52-week range
    ₹1,304.10 – ₹1,854.00
    Volume
    20.07 L
    Open
    ₹1,519.30
    Prev close
    ₹1,525.80
    Promoters pledged 1.6% of their shares
    52-week range, adjusted for splits and bonuses
    ₹1,304.1₹1,854
    9 Mar 20263 Feb 2026
    Index membership & F&O
    NIFTY 50NIFTY 100NIFTY 200NIFTY 500NIFTY ITF&O lot 600

    Price history

    6M change +15.48%RSI (14) 41.5 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 43.6% today vs 50.6% average · BSE close ₹1,539.5

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹1,330₹1,425₹1,520₹1,615₹1,7100%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Short covering
    Near-month future
    ₹1,541.1
    Change
    +0.79%
    Basis over spot
    +₹0.10
    Futures OI (shares)
    2.05 Cr
    OI change
    -1.33%
    Put-call ratio
    0.65
    Max pain
    ₹1,560
    Resistance (call OI)
    ₹1,600
    Support (put OI)
    ₹1,440
    Lot size
    600

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    10841284136014001440148015201560160016401680172017601800188003.0 L6.0 L9.0 L12.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    26.3
    EPS (TTM)
    ₹57.84
    ROE (FY26)
    16.9%
    ROCE (latest year)
    23%
    Dividend yield
    3.35%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +2.2%
    Profit 3Y CAGR
    -0.4%
    Revenue YoY (Jun 2026)
    +17.7%
    Profit YoY (Jun 2026)
    +31.6%
    Operating margin
    17.0%
    Net margin
    9.5%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr4.0K Cr8.0K Cr12.0K Cr16.0K Cr0%5%10%15%20%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • DII
    • Promoter
    • FII
    • Public
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-9.0K Cr-4.5K Cr0 Cr4.5K Cr9.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%6%12%18%24%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr7.5K Cr15.0K Cr22.5K Cr30.0K Cr0.0x0.0x0.1x0.1x0.2x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales12,86413,10112,87113,00613,31313,28613,38413,35113,99514,39315,07615,712
    Expenses11,95011,95511,77211,44111,56311,47711,54511,41611,83012,02812,51112,974
    Operating Profit9141,1461,0991,5641,7501,8091,8391,9352,1652,3662,5652,738
    OPM %7%9%9%12%13%14%14%14%15%16%17%17%
    Other Income264923801475222317321940-293-205-106
    Interest98116587289768578779489111
    Depreciation466443461462470459462458469474481479
    Profit before tax6156799591,1781,7141,2971,4641,6181,6591,5051,7912,042
    Tax %18%23%31%27%27%24%22%30%28%26%24%27%
    Net Profit5055246648651,2589891,1421,1291,2021,1191,3561,486
    EPS in Rs₹5.06₹5.23₹6.77₹8.71₹12.78₹10.05₹11.92₹11.65₹12.19₹11.45₹13.82₹14.95

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries. [1]

    Strengths

    • Company is almost debt free.
    • Stock is providing a good dividend yield of 3.31%.
    • Company has been maintaining a healthy dividend payout of 112%

    Risks

    • The company has delivered a poor sales growth of 8.46% over past five years.
    • Company has a low return on equity of 13.3% over last 3 years.

    Compounded Sales Growth

    10 Years
    +8%
    5 Years
    +8%
    3 Years
    +2%
    TTM
    +11%

    Compounded Profit Growth

    10 Years
    +5%
    5 Years
    +2%
    3 Years
    +1%
    TTM
    +17%

    Stock Price CAGR

    10 Years
    +13%
    5 Years
    +1%
    3 Years
    +7%
    1 Year
    +1%

    Return on Equity

    10 Years
    +17%
    5 Years
    +16%
    3 Years
    +13%
    Last Year
    +18%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter34.98%34.97%34.97%34.96%-0.01 pp
    FII20.60%17.94%18.59%18.66%+0.07 pp
    DII34.64%37.79%37.34%36.92%-0.42 pp
    Government0.17%0.17%0.17%0.17%0.00 pp
    Public9.61%9.14%8.94%9.28%+0.34 pp

    Filed with NSE for Jun 2026: promoters 34.97%, public 65.03% · XBRL filing

    Analysts & fund holdings

    68%
    68% recommend buy
    37 analysts cover the stock
    Valuation vs Software
    P/E26.6 vs 22.5
    Sector P/B5.70
    Beta0.82

    Who holds the shares, quarter by quarter

    Mutual funds 19.14% (+0.08 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters35.0%
    • Foreign institutions18.7%
    • Mutual funds19.1%
    • Insurance14.8%
    • Other domestic institutions3.0%
    • Retail6.2%
    • Others3.3%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    SBI Large Cap Fund0.68%1.92%+0.26 pp
    ICICI Pru Technology Fund0.67%7.61%-0.23 pp
    Tata Digital India Fund0.61%9.25%-0.09 pp
    SBI Balanced Advantage Fund0.57%2.14%+0.28 pp
    SBI Contra Fund0.56%1.81%+0.24 pp

    Scorecard

    Performance
    Low
    Valuation
    High
    Growth
    Low
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      ₹36.00

      Dividend - Rs 36 Per Share

      3 Jul 2026
      ex-date
    • dividend
      ₹15.00

      Interim Dividend - Rs 15 Per Share

      20 Oct 2025
      ex-date
    • dividend
      ₹30.00

      Dividend - Rs 30 Per Share

      4 Jul 2025
      ex-date
    • dividend
      ₹15.00

      Interim Dividend - Rs 15 Per Share

      31 Oct 2024
      ex-date
    • dividend
      ₹28.00

      Annual General Meeting/Dividend - Rs 28 Per Share

      19 Jul 2024
      ex-date
    • dividend
      ₹12.00

      Interim Dividend - Rs 12 Per Share

      2 Nov 2023
      ex-date
    • dividend
      ₹32.00

      Annual General Meeting/Dividend - Rs 32 Per Share

      21 Jul 2023
      ex-date
    • dividend
      ₹18.00

      Special Dividend - Rs 18 Per Share

      9 Nov 2022
      ex-date
    • dividend
      ₹15.00

      Annual General Meeting/Special Dividend - Rs 15 Per Share/Dividend - Rs 15 Per Share

      21 Jul 2022
      ex-date
    • dividend
      ₹15.00

      Special Dividend - Rs 15 Per Share

      2 Nov 2021
      ex-date
    • dividend
      ₹15.00

      Annual General Meeting/Dividend - Rs 15 Per Share Special Dividend 15 Per Share

      23 Jul 2021
      ex-date
    • dividend
      ₹15.00

      Special Dividend - Rs 15 Per Share

      29 Oct 2020
      ex-date
    • dividend
      ₹5.00

      Annual General Meeting/Dividend - Rs 5 Per Share

      23 Jul 2020
      ex-date
    • dividend
      ₹10.00

      Interim Dividend - Rs 10 Per Share

      2 Mar 2020
      ex-date
    • dividend
      ₹14.00

      Annual General Meeting/Dividend Rs 14 Per Share

      25 Jul 2019
      ex-date
    • buyback
      Not available — not reported in this filing

      Buy Back

      5 Mar 2019
      ex-date
    • dividend
      ₹14.00

      Annual General Meeting/Dividend- Rs 14 Per Share

      26 Jul 2018
      ex-date
    • dividend
      ₹9.00

      Annual General Meeting/ Dividend -Rs 9/- Per Share

      27 Jul 2017
      ex-date
    • dividend
      ₹6.00

      Annual General Meeting/Final Dividend Rs 6/- Per Share And Special Dividend Rs 6/- Per Share

      28 Jul 2016
      ex-date
    • dividend
      ₹6.00

      Annual General Meeting/ Dividend - Rs 6/- Per Share

      23 Jul 2015
      ex-date

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of Schedule of Investor Interaction with Tech Mahindra's Leadership -Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....

    Company Update
    Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India(Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - ESG Rating

    Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 (" SEBI Listing Regulations")- ESG Rating

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of Schedule of Investor Interaction with Tech Mahindra's Leadership - Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of Schedule of Investor Interaction with Tech Mahindra's Leadership -Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....

    Company Update
    Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    Allotment of equity shares pursuant to exercise of Employee Stock Options

    Company Update
    Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India(Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - ESG Rating

    Disclosure under Regulation 30 of the Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")- ESG Rating

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of Schedule of Investor Interaction with tech Mahindra's Leadership

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of Schedule of Investor Interaction with Tech Mahindra's Leadership

    Company Update
    Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - ESG Rating

    Disclosure under Regulation 30 of the Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements) Regulation, 2015 ( "SEBI Listing Regulations")- ESG Rating

    Filed with BSE (scrip 532755); the last 45 days. Documents open at bseindia.com.

    SEBI filings & orders

    From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.

    Buybacks, open offers & rights issues

    • Buyback - Post Offer Public Announcement

      Tech Mahindra - Post Offer Public Announcement

      23 Apr 2019
      Read on SEBI
    • Buyback - Letter of Offer

      Tech Mahindra Limited - Letter of Offer

      19 Mar 2019
      Read on SEBI
    • Buyback - Corrigendum to Public Announcement

      Tech Mahindra Limited - Corrigendum to Public Announcement

      11 Mar 2019
      Read on SEBI
    • Buyback - Draft Letter of Offer

      Tech Mahindra Limited - Draft Letter of Offer

      28 Feb 2019
      Read on SEBI
    • Buyback - Public Announcement

      Tech Mahindra Limited - Public Announcement

      28 Feb 2019
      Read on SEBI

    Regulatory orders

    • Adjudication order

      Adjudication order in respect of Tech Mahindra Ltd, Shri Mahesh N, Shri Puneet Virender Kumar, Shri Syed Tanvir Hussain and Shri Sanjeev Parida in the matter of Tech Mahindra Ltd

      8 Nov 2017
      Read on SEBI
    • Settlement order

      Settlement order in respect of Mr. L. Murali Madhvan in the matter of Tech Mahindra Limited.

      3 Jan 2017
      Read on SEBI
    • Adjudication order

      Adjudication Order in respect of Mr. Swaminathan Srinivasan in the matter of M/s. Tech Mahindra Ltd. (formerly M/s. Mahindra Satyam Ltd. (M/s. Satyam Computers Services Ltd.)

      28 Apr 2014
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 17 Jan 2025 (audited). View the source filing. Figures are as filed and are not investment advice.