Tech Mahindra Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 17.5%)
- Efficient capital deployment (ROCE 23.1%)
- Virtually debt-free
- Regular dividends — yield 2.9%
Concerns
Today's Price Action
Tech Mahindra closed at ₹1,776.6, unchanged on the day. The traded volume of 28,03,736 matches the 20‑day average, indicating a typical participation level without abnormal buying or selling pressure. Intraday oscillations remained confined within a ₹20 band, reflecting balanced supply‑demand dynamics throughout the session today overall recently.
Valuation Snapshot
The stock trades at a trailing P/E of 30.7, while the broader information‑technology sector shows a neutral P/E of zero, reflecting a lack of comparable peers in the data set. A return on equity of 17.5 % underscores a solid earnings efficiency relative to its book value. The book‑to‑market ratio is zero, indicating minimal net assets.
Key Levels to Watch
The current price sits near the upper band of the 52‑week range, capped at ₹1,854, and is roughly ₹550 above the lower band of ₹1,304, suggesting limited upside within the historical envelope. Open‑interest clusters observed around the ₹1,800‑₹1,820 window may act as short‑term support or resistance points as market participants adjust positions. A break above ₹1,860 could meet resistance near ₹1,880; below ₹1,750 tests swing low.
Chart Pattern
On the daily chart, a Bearish Engulfing candle formed six sessions ago, followed by an Evening Star three sessions later, while a Dragonfly Doji appeared a week ago. These formations collectively signal a transition from bullish to potentially bearish momentum in the short term.
Data Summary
Key metrics include a P/E of 30.7, a P/B of zero, and an ROE of 17.5 %, with the stock price positioned near its 52‑week high of ₹1,854. Volume aligns with the recent 20‑day average of 28,03,736, confirming normal market activity. The equity exhibits a consistent trading pattern with no significant deviation from its average daily turnover, reinforcing its liquidity profile.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services Limited | ₹2,460 | ₹9.2L Cr | 16.8 | 7.48 | 51.8 | 63 | 0.1 |
| INFY Infosys Limited | ₹1,123 | ₹4.7L Cr | 14.8 | 4.6 | 31.9 | 40 | 0.09 |
| HCLTECH HCL Technologies Limited | ₹1,401 | ₹3.9L Cr | 20.3 | 5 | 23.8 | 30.4 | 0.08 |
| WIPRO Wipro Limited | ₹185 | ₹1.9L Cr | 14.3 | 2.31 | 15.5 | 17.8 | 0.28 |
| LTM LTM Limited | ₹4,104 | ₹1.2L Cr | 21.9 | 4.71 | 23.1 | 29.6 | 0.09 |
| PERSISTENT Persistent Systems Limited | ₹5,848 | ₹91K Cr | 48.4 | 10.75 | 27.2 | 34.4 | 0.07 |
| OFSS Oracle Financial Services Software Limited | ₹9,986 | ₹84K Cr | 23.6 | 11.31 | 32.6 | 45.3 | 0 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
TECHM · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 35.10% | 35.08% | 35.04% | 35.02% | 35.01% | 35.00% |
| FII | 24.58% | 24.15% | 23.27% | 23.67% | 24.19% | 22.95% |
| DII | 28.91% | 29.42% | 30.66% | 30.90% | 30.73% | 32.13% |
| Public | 11.22% | 11.16% | 10.84% | 10.23% | 9.88% | 9.74% |
| Govt | 0.17% | 0.17% | 0.17% | 0.17% | 0.17% | 0.17% |
Corporate Events
Interim Dividend - Rs 15 Per Share
To consider and approve the financial results for the period ended September 30, 2026, dividend, bonus and other business matters
To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
Dividend - Rs 36 Per Share
Interim Dividend - Rs 15 Per Share
Record: 20 Oct 2025
Dividend - Rs 30 Per Share
Interim Dividend - Rs 15 Per Share
Record: 31 Oct 2024
Annual General Meeting/Dividend - Rs 28 Per Share
Interim Dividend - Rs 12 Per Share
Annual General Meeting/Dividend - Rs 32 Per Share
Latest News
All newsTop IT firms add 13,918 employees in Q2
*Top IT firms add 13,918 employees in Q2.* The hiring surge by TCS, Infosys, HCLTech, Wipro, and TechM signals strong demand in the sector. This reflects improving client confidence and potential order inflows. Headcount growth may impact near-term margins but indicates positive future revenue visibility. 📊 *STOCKS:* $TCS $INFY $HCLTECH $WIPRO $TECHM | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #IT
Tech Mahindra notifies postal ballot and e-voting details
*Tech Mahindra notifies postal ballot and e-voting details* for shareholders. The company issued a notice dated 15 October 2026 regarding remote e-voting procedures. This is a routine corporate compliance activity with no immediate financial impact. Shareholders are advised to participate in the voting process. 📊 *STOCKS:* $TECHM | 🏢 *SECTOR:* IT | #LOWIMPACT #CorporateAction
Tech Mahindra announces 1:1 bonus issue and ₹15 dividend
*Tech Mahindra announces 1:1 bonus issue and ₹15 dividend* — The company has set October 23 as the record date for the bonus share allotment. The dividend of **₹15 per share** will be paid to shareholders on record. The 1:1 bonus issue will increase outstanding shares. 📊 *STOCKS:* $TECHM | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #BonusIssue
Tech Mahindra publishes statutory newspaper notice
*Tech Mahindra publishes statutory newspaper notice.* This is a routine compliance disclosure required under corporate regulations. No financial or operational updates were provided. Such filings are standard and do not impact business operations. 📊 *STOCKS:* $TECHM | 🏢 *SECTOR:* IT | #LOWIMPACT #CorporateFiling
Tech Mahindra reports loss of share certificates
*Tech Mahindra reports loss of share certificates.* The company has filed a notice with the NSE regarding the loss of physical share certificates. This is a routine corporate disclosure with no **immediate financial impact**. Investors holding physical shares are advised to take necessary steps. 📊 *STOCKS:* $TECHM | 🏢 *SECTOR:* IT | #LOWIMPACT #Corporate
TCS Q2 results set tone for IT sector peers
*TCS Q2 results set tone for IT sector peers*. The performance and guidance from TCS may influence investor sentiment across the IT space. Key metrics like **revenue growth of 2.5% QoQ** and **margin at 22.1%** are closely watched. Analysts expect similar trends in upcoming results from Infosys, Wipro, HCLTech, and Tech Mahindra. 📊 *STOCKS:* TCS, INFY, WIPRO, HCLTECH, TECHM | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #IT
Tech Mahindra announces general corporate updates
*Tech Mahindra announces general corporate updates.* The company filed routine updates with the NSE, though no **specific financial figures** or major strategic changes were disclosed. Details remain sparse, indicating no immediate operational shift. Investors may await further clarity. 📊 *STOCKS:* $TECHM | 🏢 *SECTOR:* IT | #LOWIMPACT #corporate
Tech Mahindra to host analyst and investor meet
*Tech Mahindra to host analyst and investor meet.* The company has announced a schedule for its upcoming Analysts/Institutional Investor Meet and Conference Call. This event aims to provide updates on business performance and strategic direction. No financial figures or major announcements were disclosed. 📊 *STOCKS:* $TECHM | 🏢 *SECTOR:* IT | #LOWIMPACT #AnalystMeet
Tech Mahindra to host analyst and investor meet
*Tech Mahindra to host analyst and investor meet.* The event is scheduled to provide updates on company performance and strategy. Participation from institutional investors and analysts expected. No financial announcements or guidance changes reported. 📊 *STOCKS:* $TECHM | 🏢 *SECTOR:* IT | #LOWIMPACT #IT
Tech Mahindra discloses ESG rating update
*Tech Mahindra discloses ESG rating update.* The company filed the information under SEBI's Regulation 30 as part of its listing obligations. The update reflects recent assessment of its environmental, social, and governance practices. No financial impact is expected from this disclosure. 📊 *STOCKS:* TECHM | 🏢 *SECTOR:* IT | #LOWIMPACT #ESG
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹15.1K Cr 4.7% | ₹14.4K Cr 2.8% | ₹14.0K Cr 4.8% | ₹13.4K Cr 0.2% | ₹13.4K Cr 0.7% | ₹13.3K Cr 0.2% | ₹13.3K Cr 2.4% | ₹13.0K Cr |
| Op. Profit | ₹2.6K Cr 8.4% | ₹2.4K Cr 9.3% | ₹2.2K Cr 11.9% | ₹1.9K Cr 5.2% | ₹1.8K Cr 1.7% | ₹1.8K Cr 3.4% | ₹1.8K Cr 11.9% | ₹1.6K Cr |
| OPM | 17.0% 6.3% | 16.0% 6.7% | 15.0% 7.1% | 14.0% 0.0% | 14.0% 0.0% | 14.0% 7.7% | 13.0% 8.3% | 12.0% |
| Net Profit | ₹1.4K Cr 21.2% | ₹1.1K Cr 6.9% | ₹1.2K Cr 6.5% | ₹1.1K Cr 1.1% | ₹1.1K Cr 15.5% | ₹989 Cr 21.4% | ₹1.3K Cr 45.4% | ₹865 Cr |
| EPS (₹) | 13.82 20.7% | 11.45 6.1% | 12.19 4.6% | 11.65 2.3% | 11.92 18.6% | 10.05 21.4% | 12.78 46.7% | 8.71 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹56.8K Cr 7.2% | ₹53.0K Cr 1.9% | ₹52.0K Cr 2.4% | ₹53.3K Cr 19.4% | ₹44.6K Cr 17.9% | ₹37.9K Cr 2.7% | ₹36.9K Cr 6.1% | ₹34.7K Cr 12.9% | ₹30.8K Cr 5.6% | ₹29.1K Cr |
| Expenses | ₹47.8K Cr 3.8% | ₹46.0K Cr 3.1% | ₹47.5K Cr 4.3% | ₹45.5K Cr 24.3% | ₹36.6K Cr 17.9% | ₹31.1K Cr 1.0% | ₹31.4K Cr 10.2% | ₹28.5K Cr 9.2% | ₹26.1K Cr 4.4% | ₹25.0K Cr |
| Op. Profit | ₹9.0K Cr 29.7% | ₹7.0K Cr 54.5% | ₹4.5K Cr 42.0% | ₹7.8K Cr 3.2% | ₹8.0K Cr 18.0% | ₹6.8K Cr 23.5% | ₹5.5K Cr 12.2% | ₹6.3K Cr 33.1% | ₹4.7K Cr 12.6% | ₹4.2K Cr |
| OPM | 16.0% 23.1% | 13.0% 44.4% | 9.0% 40.0% | 15.0% 16.7% | 18.0% 0.0% | 18.0% 20.0% | 15.0% 16.7% | 18.0% 20.0% | 15.0% 7.1% | 14.0% |
| Other Income | ₹-240 Cr 127.8% | ₹864 Cr 6.8% | ₹927 Cr 3.9% | ₹965 Cr 13.5% | ₹1.1K Cr 41.5% | ₹788 Cr 33.9% | ₹1.2K Cr 123.2% | ₹534 Cr 62.3% | ₹1.4K Cr 82.8% | ₹775 Cr |
| Interest | ₹337 Cr 4.7% | ₹322 Cr 17.9% | ₹392 Cr 20.2% | ₹326 Cr 100.0% | ₹163 Cr 6.3% | ₹174 Cr 9.4% | ₹192 Cr 44.4% | ₹133 Cr 17.9% | ₹162 Cr 25.6% | ₹129 Cr |
| Depreciation | ₹1.9K Cr 1.6% | ₹1.9K Cr 2.0% | ₹1.8K Cr 7.2% | ₹2.0K Cr 28.7% | ₹1.5K Cr 4.3% | ₹1.5K Cr 0.8% | ₹1.4K Cr 28.1% | ₹1.1K Cr 4.1% | ₹1.1K Cr 10.9% | ₹978 Cr |
| PBT | ₹6.6K Cr 16.3% | ₹5.7K Cr 75.3% | ₹3.2K Cr 50.0% | ₹6.4K Cr 13.5% | ₹7.5K Cr 25.2% | ₹6.0K Cr 17.7% | ₹5.1K Cr 8.7% | ₹5.5K Cr 13.6% | ₹4.9K Cr 26.6% | ₹3.9K Cr |
| Tax % | 27.0% 8.0% | 25.0% 3.8% | 26.0% 4.0% | 25.0% 4.2% | 24.0% 11.1% | 27.0% 17.4% | 23.0% 0.0% | 23.0% 4.5% | 22.0% 15.4% | 26.0% |
| Net Profit | ₹4.8K Cr 13.0% | ₹4.3K Cr 77.4% | ₹2.4K Cr 50.6% | ₹4.9K Cr 13.7% | ₹5.6K Cr 29.3% | ₹4.4K Cr 11.7% | ₹3.9K Cr 9.1% | ₹4.3K Cr 13.3% | ₹3.8K Cr 32.8% | ₹2.9K Cr |
| EPS (₹) | 49.1 13.1% | 43.43 79.9% | 24.14 51.3% | 49.6 13.4% | 57.27 25.2% | 45.73 9.5% | 41.76 4.4% | 43.7 12.7% | 38.78 34.3% | 28.88 |
| Div Payout | 94.0% 0.0% | 94.0% 37.3% | 150.0% 64.8% | 91.0% 93.6% | 47.0% 47.2% | 89.0% 178.1% | 32.0% 10.3% | 29.0% 12.1% | 33.0% 17.9% | 28.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹443 Cr 0.2% | ₹442 Cr 0.2% | ₹441 Cr 0.2% | ₹440 Cr 0.2% | ₹439 Cr 0.5% | ₹437 Cr 0.2% | ₹436 Cr 1.8% | ₹444 Cr 0.5% | ₹442 Cr 0.7% | ₹439 Cr |
| Reserves | ₹29.2K Cr 8.4% | ₹26.9K Cr 2.6% | ₹26.2K Cr 4.6% | ₹27.5K Cr 3.9% | ₹26.4K Cr 8.3% | ₹24.4K Cr 14.3% | ₹21.4K Cr 7.7% | ₹19.8K Cr 7.8% | ₹18.4K Cr 15.0% | ₹16.0K Cr |
| Borrowings | ₹2.2K Cr 8.0% | ₹2.0K Cr 20.2% | ₹2.5K Cr 7.4% | ₹2.7K Cr 4.7% | ₹2.6K Cr 9.8% | ₹2.9K Cr 21.0% | ₹3.7K Cr 83.9% | ₹2.0K Cr 16.7% | ₹2.4K Cr 75.5% | ₹1.4K Cr |
| Other Liabilities | ₹17.4K Cr 16.7% | ₹14.9K Cr 6.7% | ₹13.9K Cr 8.0% | ₹15.2K Cr 1.7% | ₹14.9K Cr 26.0% | ₹11.8K Cr 0.0% | ₹11.8K Cr 6.0% | ₹11.2K Cr 21.5% | ₹9.2K Cr 11.4% | ₹8.3K Cr |
| Total Liabilities | ₹49.2K Cr 11.1% | ₹44.3K Cr 2.6% | ₹43.1K Cr 5.8% | ₹45.8K Cr 3.2% | ₹44.4K Cr 12.2% | ₹39.6K Cr 6.1% | ₹37.3K Cr 11.6% | ₹33.4K Cr 9.9% | ₹30.4K Cr 16.8% | ₹26.1K Cr |
Assets | ||||||||||
| Fixed Assets | ₹14.9K Cr 6.3% | ₹14.0K Cr 0.6% | ₹13.9K Cr 6.9% | ₹14.9K Cr 1.0% | ₹14.8K Cr 63.9% | ₹9.0K Cr 1.6% | ₹8.9K Cr 25.6% | ₹7.1K Cr 7.4% | ₹7.6K Cr 18.0% | ₹6.5K Cr |
| CWIP | ₹27 Cr 28.6% | ₹21 Cr 84.2% | ₹133 Cr 10.8% | ₹120 Cr 27.3% | ₹165 Cr 39.8% | ₹118 Cr 136.0% | ₹50 Cr 81.9% | ₹276 Cr 15.0% | ₹240 Cr 35.7% | ₹373 Cr |
| Investments | ₹3.4K Cr 7.7% | ₹3.2K Cr 1.7% | ₹3.2K Cr 4.4% | ₹3.4K Cr 30.6% | ₹4.9K Cr 52.3% | ₹10.2K Cr 75.1% | ₹5.8K Cr 20.3% | ₹7.3K Cr 51.7% | ₹4.8K Cr 102.0% | ₹2.4K Cr |
| Other Assets | ₹30.9K Cr 13.9% | ₹27.1K Cr 4.7% | ₹25.9K Cr 5.5% | ₹27.4K Cr 11.4% | ₹24.6K Cr 21.5% | ₹20.2K Cr 10.3% | ₹22.5K Cr 20.2% | ₹18.8K Cr 5.9% | ₹17.7K Cr 5.3% | ₹16.8K Cr |
| Total Assets | ₹49.2K Cr 11.1% | ₹44.3K Cr 2.6% | ₹43.1K Cr 5.8% | ₹45.8K Cr 3.2% | ₹44.4K Cr 12.2% | ₹39.6K Cr 6.1% | ₹37.3K Cr 11.6% | ₹33.4K Cr 9.9% | ₹30.4K Cr 16.8% | ₹26.1K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹6.2K Cr 6.7% | ₹5.8K Cr 9.3% | ₹6.4K Cr 14.4% | ₹5.6K Cr 5.4% | ₹5.3K Cr 34.7% | ₹8.1K Cr 85.7% | ₹4.4K Cr 1.7% | ₹4.4K Cr 24.7% | ₹3.6K Cr 12.7% | ₹4.1K Cr |
| Investing CF | ₹-314 Cr 1993.3% | ₹-15 Cr 98.9% | ₹-1.3K Cr 483.2% | ₹-226 Cr 147.1% | ₹480 Cr 108.8% | ₹-5.4K Cr 602.6% | ₹1.1K Cr 151.4% | ₹-2.1K Cr 36.6% | ₹-3.3K Cr 14.7% | ₹-2.9K Cr |
| Financing CF | ₹-5.1K Cr 11.5% | ₹-5.8K Cr 21.6% | ₹-4.8K Cr 6.1% | ₹-5.1K Cr 8.8% | ₹-4.7K Cr 56.2% | ₹-3.0K Cr 33.1% | ₹-4.5K Cr 98.4% | ₹-2.3K Cr 736.8% | ₹-269 Cr 82.9% | ₹-1.6K Cr |
| Net Cash Flow | ₹728 Cr 2610.3% | ₹-29 Cr 110.0% | ₹291 Cr 9.0% | ₹267 Cr 75.7% | ₹1.1K Cr 436.8% | ₹-326 Cr 133.5% | ₹974 Cr 1164.9% | ₹77 Cr 320.0% | ₹-35 Cr 91.1% | ₹-392 Cr |
| Free Cash Flow | ₹5.6K Cr 6.1% | ₹5.3K Cr 6.0% | ₹5.6K Cr 22.5% | ₹4.6K Cr 3.4% | ₹4.5K Cr 40.8% | ₹7.5K Cr 113.1% | ₹3.5K Cr 3.4% | ₹3.7K Cr 32.2% | ₹2.8K Cr 16.6% | ₹3.3K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 86d 7.5% | 80d 0.0% | 80d 9.1% | 88d 10.2% | 98d 58.1% | 62d 17.3% | 75d 2.7% | 73d 5.2% | 77d 14.9% | 67d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 86d 7.5% | 80d 0.0% | 80d 9.1% | 88d 10.2% | 98d 58.1% | 62d 17.3% | 75d 2.7% | 73d 5.2% | 77d 14.9% | 67d |
| Working Capital Days | 30d 20.0% | 25d 8.7% | 23d 17.9% | 28d 3.4% | 29d 20.8% | 24d 31.4% | 35d 45.8% | 24d 42.9% | 42d 26.3% | 57d |
| ROCE | 23.0% 21.1% | 19.0% 58.3% | 12.0% 45.5% | 22.0% 15.4% | 26.0% 13.0% | 23.0% 4.5% | 22.0% 12.0% | 25.0% 4.2% | 24.0% 4.3% | 23.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Tech Mahindra Limited
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]
Information TechnologyIT - Software