Tech Mahindra
Market cap ₹1.76 L Cr
- P/E
- 28.85
- Day range
- ₹1,754.60 – ₹1,807.00
- 52-week range
- ₹1,304.10 – ₹1,854.00
- Volume
- 39.71 L
- Open
- ₹1,760.50
- Prev close
- ₹1,790.00
Latest results · Q2 FY27(consolidated)Revenue ₹16,180 Cr+15.6%Profit ₹1,610 Cr+34.0%Margin 9.9%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
TECHM in NSE indices and F&O
F&O margin for one lot of TECHM (600 shares)Research profile
Composite 72 / 100Factor percentiles
Derived metrics
- Earn. yield
- 3.5%
- Graham no.
- ₹631.36
- vs Graham
- -64.8%
- ROE ÷ P/B
- 2.9%
- 12-1 mom.
- +5.7%
- Return / vol
- 0.75
- Magic Formula
- #160
- Piotroski
- 6/6
- FCF yield
- 3.1%
- PEG
- 1.54
Appears in 18 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 39 in IT| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Tata Consultancy ServicesTCS | ₹9.17 L Cr | 17.77 | 7.69 | 49.0% | 63.0% | 26.0% | 0.10 | +11.2% |
| InfosysINFY | ₹4.72 L Cr | 15.53 | 4.73 | 31.2% | 40.0% | 24.0% | 0.09 | +10.7% |
| HCL TechnologiesHCLTECH | ₹3.84 L Cr | 20.96 | 5.08 | 23.0% | 30.0% | 21.0% | 0.08 | +11.5% |
| WiproWIPRO | ₹1.87 L Cr | 14.86 | 2.38 | 15.6% | 18.0% | 20.0% | 0.28 | +9.1% |
| Tech MahindraTECHM | ₹1.76 L Cr | 28.85 | 5.91 | 16.9% | 23.0% | 18.0% | 0.07 | +15.6% |
| LTIMindtreeLTM | ₹1.21 L Cr | 23.26 | 4.74 | 21.3% | 30.0% | 18.0% | 0.09 | +13.6% |
| Persistent SystemsPERSISTENT | ₹91,773 Cr | 51.17 | 10.53 | 26.3% | 34.0% | 14.0% | 0.07 | +30.2% |
| CoforgeCOFORGE | ₹88,298 Cr | 39.10 | 3.76 | 21.9% | 24.0% | 20.0% | 0.27 | +53.7% |
| Sector median | ₹12,996 Cr | 27.23 | 4.49 | 17.6% | 22.0% | 18.0% | 0.09 | +17.5% |
Sector as classified in the tracked universe; medians use every tracked IT company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 1d agoHeadlines about Tech Mahindra from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 30.7
- EPS (TTM)
- ₹57.84
- Price / Book
- 5.92
- ROE (FY26)
- 16.9%
- ROCE (latest year)
- 23%
- Dividend yield
- 2.85%
Moving averages (NSE)
- 20-day
- ₹1,600.25
- Price above
- 50-day
- ₹1,590.63
- Price above
- 200-day
- ₹1,521
- Price above
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- DII
- Promoter
- FII
- Public
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date.
Financial statements
| Line item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13,101 | 12,871 | 13,006 | 13,313 | 13,286 | 13,384 | 13,351 | 13,995 | 14,393 | 15,076 | 15,712 | 16,180 |
| Expenses | 11,955 | 11,772 | 11,441 | 11,563 | 11,477 | 11,545 | 11,416 | 11,830 | 12,028 | 12,511 | 12,974 | 13,302 |
| Operating Profit | 1,146 | 1,099 | 1,564 | 1,750 | 1,809 | 1,839 | 1,935 | 2,165 | 2,366 | 2,565 | 2,738 | 2,878 |
| OPM % | 9% | 9% | 12% | 13% | 14% | 14% | 14% | 15% | 16% | 17% | 17% | 18% |
| Other Income | 92 | 380 | 147 | 522 | 23 | 173 | 219 | 40 | -293 | -205 | -106 | -7 |
| Interest | 116 | 58 | 72 | 89 | 76 | 85 | 78 | 77 | 94 | 89 | 111 | 84 |
| Depreciation | 443 | 461 | 462 | 470 | 459 | 462 | 458 | 469 | 474 | 481 | 479 | 491 |
| Profit before tax | 679 | 959 | 1,178 | 1,714 | 1,297 | 1,464 | 1,618 | 1,659 | 1,505 | 1,791 | 2,042 | 2,296 |
| Tax % | 23% | 31% | 27% | 27% | 24% | 22% | 30% | 28% | 26% | 24% | 27% | 30% |
| Net Profit | 524 | 664 | 865 | 1,258 | 989 | 1,142 | 1,129 | 1,202 | 1,119 | 1,356 | 1,486 | 1,610 |
| EPS in Rs | ₹5.23 | ₹6.77 | ₹8.71 | ₹12.78 | ₹10.05 | ₹11.92 | ₹11.65 | ₹12.19 | ₹11.45 | ₹13.82 | ₹14.95 | ₹16.18 |
From company filings, updated 25 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
+24 days since Mar 2021
+24 days since Mar 2021
+6 days since Mar 2021
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.
- 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
- +14%
Compounded Profit Growth
- 10 Years
- +5%
- 5 Years
- +2%
- 3 Years
- +1%
- TTM
- +27%
Stock Price CAGR
- 10 Years
- +16%
- 5 Years
- +3%
- 3 Years
- +16%
- 1 Year
- +23%
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
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 34.97% | 34.97% | 34.96% | 34.96% | 0.00 pp |
| FII | 17.94% | 18.59% | 18.66% | 20.76% | +2.10 pp |
| DII | 37.79% | 37.34% | 36.92% | 35.68% | -1.24 pp |
| Government | 0.17% | 0.17% | 0.17% | 0.17% | 0.00 pp |
| Public | 9.14% | 8.94% | 9.28% | 8.42% | -0.86 pp |
Filed with NSE for Sept 2026: promoters 34.96%, public 65.04% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 19.35% (+0.21 pp)- Promoters35.0%
- Foreign institutions20.8%
- Mutual funds19.4%
- Insurance13.3%
- Other domestic institutions3.1%
- Retail6.0%
- Others2.6%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| ICICI Pru Technology Fund | 0.60% | 8.38% | +0.54 pp |
| SBI Large Cap Fund | 0.56% | 1.89% | +0.23 pp |
| SBI Balanced Advantage Fund | 0.48% | 2.06% | +0.21 pp |
| SBI Contra Fund | 0.46% | 1.79% | +0.22 pp |
| Tata Digital India Fund | 0.44% | 8.32% | -1.02 pp |
Scorecard
- Performance
- Avg
- Valuation
- High
- Growth
- Low
- Profitability
- High
- Entry point
- Bad
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 29.1%
- Downside volatility
- 28.6%
- Worst 5% of days
- 2.9%
- Average of that tail
- 4.2%
- Max drawdown (1Y)
- 24.7%
- Below its peak
- 2.4%
Against the market
- Beta vs Nifty 50
- 0.65
- Correlation
- 0.30
- Relative strength (3M)
- +20.4%
- ATR (14)
- 3.0%
Return
- Return 1M
- +15.4%
- Return 3M
- +15.1%
- Return 6M
- +22.4%
- Return 1Y
- +21.9%
- vs 200-day average
- +17.7%
Momentum
- RSI (14)
- 69.3
- MACD histogram
- 34.76
- Stochastic %K
- 86.3
- ADX (14)
- 27.0
- +DI / −DI
- 38.7 / 10.8
- Money flow index
- 77.8
Participation
- Delivery (20d avg)
- 49.8%
- vs its 60-day baseline
- -5.7 pts
- Volume vs 20-day
- -0.1σ
- Close vs day's VWAP
- -0.8%
- 52-week position
- 91 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
6 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — passed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — passed
- Current ratio improving — passed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — passed
- Asset turnover improving — passed
- Free cash flow
- ₹5,476 Cr
- FCF yield
- 3.1%
- Cash conversion
- 1.28
- Accruals ratio
- -0.028
- Net debt
- -₹2,860 Cr
- Net debt / equity
- -0.10
- EV / sales
- 2.82
- PEG
- 1.54
- Capex intensity
- 1.2%
- Revenue CAGR
- 12.6%
- Profit CAGR
- 18.8%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Model simulation
30 independent runs of NeoQuasar/Kronos-small, conditioned on daily bars to 23 Oct 2026, simulating 10 sessions ahead.
Lower edge (10th percentile)
₹1,477.67
-17.4%
Upper edge (90th percentile)
₹1,608.6
-10.1%
The marker is the last close, ₹1,790. Eight of every ten simulated runs ended inside this range; the middle run ended at ₹1,560.65 (-12.8%), which is the centre of the simulation and not an expected or target price.
The model reads price history only. It has not seen this company's results, its filings, its industry or anything that happened after 23 Oct 2026. Ranges widen with horizon because the further out the simulation runs, the less the recent past constrains it.
Corporate actions
- dividend₹15.00
Interim Dividend - Rs 15 Per Share
23 Oct 2026ex-date - dividend₹36.00
Dividend - Rs 36 Per Share
3 Jul 2026ex-date - dividend₹15.00
Interim Dividend - Rs 15 Per Share
20 Oct 2025ex-date - dividend₹30.00
Dividend - Rs 30 Per Share
4 Jul 2025ex-date - dividend₹15.00
Interim Dividend - Rs 15 Per Share
31 Oct 2024ex-date - dividend₹28.00
Annual General Meeting/Dividend - Rs 28 Per Share
19 Jul 2024ex-date - dividend₹12.00
Interim Dividend - Rs 12 Per Share
2 Nov 2023ex-date - dividend₹32.00
Annual General Meeting/Dividend - Rs 32 Per Share
21 Jul 2023ex-date - dividend₹18.00
Special Dividend - Rs 18 Per Share
9 Nov 2022ex-date - dividend₹15.00
Annual General Meeting/Special Dividend - Rs 15 Per Share/Dividend - Rs 15 Per Share
21 Jul 2022ex-date - dividend₹15.00
Special Dividend - Rs 15 Per Share
2 Nov 2021ex-date - dividend₹15.00
Annual General Meeting/Dividend - Rs 15 Per Share Special Dividend 15 Per Share
23 Jul 2021ex-date - dividend₹15.00
Special Dividend - Rs 15 Per Share
29 Oct 2020ex-date - dividend₹5.00
Annual General Meeting/Dividend - Rs 5 Per Share
23 Jul 2020ex-date - dividend₹10.00
Interim Dividend - Rs 10 Per Share
2 Mar 2020ex-date - dividend₹14.00
Annual General Meeting/Dividend Rs 14 Per Share
25 Jul 2019ex-date - buybackNot available — not reported in this filing
Buy Back
5 Mar 2019ex-date - dividend₹14.00
Annual General Meeting/Dividend- Rs 14 Per Share
26 Jul 2018ex-date - dividend₹9.00
Annual General Meeting/ Dividend -Rs 9/- Per Share
27 Jul 2017ex-date - dividend₹6.00
Annual General Meeting/Final Dividend Rs 6/- Per Share And Special Dividend Rs 6/- Per Share
28 Jul 2016ex-date - dividend₹6.00
Annual General Meeting/ Dividend - Rs 6/- Per Share
23 Jul 2015ex-date
Company announcements
Allotment of Equity Shares pursuant to exercise of Employee Stock Options
Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015- Liquidation of a step-down subsidiary of the Company
Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements ) Regulations, 2015- Liquidation of a step-down subsidiary of the Company
Please find enclosed Certificate under Regulations 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 September,2026.
Intimation of Schedule of Quarterly Earnings Conference Call and Press Release under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....
Intimation for Closure of Trading Window for dealing in the securities of the Company.
Tech Mahindra Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/10/2026 ,inter alia, to consider and approve 1. Audited Standalone and Consolidated ....
Intimation of re-affirmation of Credit Rating
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
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) ....
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) ....
Intimation of Schedule of Investor Interactions with Tech Mahindra's Leadership - Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....
Allotment of equity shares pursuant to exercise of Employee Stock Options
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) ....
Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 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 2019Read on SEBI - Buyback - Letter of Offer
Tech Mahindra Limited - Letter of Offer
19 Mar 2019Read on SEBI - Buyback - Corrigendum to Public Announcement
Tech Mahindra Limited - Corrigendum to Public Announcement
11 Mar 2019Read on SEBI - Buyback - Draft Letter of Offer
Tech Mahindra Limited - Draft Letter of Offer
28 Feb 2019Read on SEBI - Buyback - Public Announcement
Tech Mahindra Limited - Public Announcement
28 Feb 2019Read 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 2017Read on SEBI - Settlement order
Settlement order in respect of Mr. L. Murali Madhvan in the matter of Tech Mahindra Limited.
3 Jan 2017Read 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 2014Read on SEBI
Documents
Annual reports
Earnings calls
- Oct 2026TranscriptSlidesRecording
- Jul 2026TranscriptSlidesRecording
- Apr 2026TranscriptSlides
- Apr 2026Slides
- Jan 2026TranscriptSlidesRecording
- Nov 2025Slides
Credit ratings
- Rating update · 6 Oct from care
- Rating update · 29 Sep 2025 from care
- Rating update · 12 Sep 2024 from care
- Rating update · 27 Sep 2023 from care
- Rating update · 15 Sep 2022 from care
- Rating update · 7 Jul 2020 from care
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 15 Oct 2026 (audited). View the source filing. Figures are as filed and are not investment advice.
Tech Mahindra: common questions
Answered from the figures on this page.
