Tech Mahindra Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 17.5%)
- Efficient capital deployment (ROCE 23.1%)
- Attractively valued vs sector (P/E 29.4x vs industry 40.1x)
- Virtually debt-free
- Regular dividends — yield 3.2%
Concerns
Today's Price Action
Tech Mahindra closed at ₹1,596.9, unchanged on the day. Trading volume matched the 20‑day average at 11,73,076 shares, indicating that participation levels remain consistent with recent market activity.
Valuation Snapshot
The stock trades at a P/E of 30.2, while the broader Information Technology sector shows a P/E of 0 (the sector average is currently unavailable). A P/B of 0 alongside a ROE of 17.5 % points to solid return generation relative to equity.
Key Levels to Watch
The current price sits roughly 31 % above the 52‑week low of ₹1,304 and about 14 % below the 52‑week high of ₹1,854, suggesting the stock is positioned in the upper‑mid range of its yearly swing. Open‑interest data points to notable support around the ₹1,530 zone and resistance near ₹1,620, aligning with recent intraday highs.
Chart Pattern
In the last ten trading sessions, the daily chart recorded a Bullish Harami (four days ago), a Bearish Harami (five days ago) and a Bullish Marubozu (eight days ago). These candlesticks appeared on the daily timeframe and reflect short‑term indecision followed by moments of clear buyer or seller dominance, without implying a longer‑term trend direction.
Data Summary
Key metrics include a market‑cap listed as ₹0 Cr (indicative of data unavailability), a P/E of 30.2, P/B of 0, and an ROE of 17.5 %. Volume is at the 20‑day average, and the stock resides within its 52‑week range, bounded by ₹1,304 (low) and ₹1,854 (high).
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services Limited | ₹2,304 | ₹8.3L Cr | 15.5 | 7.78 | 51.8 | 63 | 0.11 |
| INFY Infosys Limited | ₹1,130 | ₹4.6L Cr | 14.7 | 5.02 | 31.9 | 40 | 0.1 |
| HCLTECH HCL Technologies Limited | ₹1,293 | ₹3.5L Cr | 19.4 | 4.67 | 23.8 | 30.4 | 0.07 |
| WIPRO Wipro Limited | ₹176 | ₹1.7L Cr | 13.2 | 2.1 | 15.5 | 17.8 | 0.23 |
| LTM LTM Limited | ₹4,554 | ₹1.4L Cr | 24.1 | 5.62 | 23.1 | 29.6 | 0.1 |
| OFSS Oracle Financial Services Software Limited | ₹12,058 | ₹1.1L Cr | 30.8 | 13.41 | 32.6 | 45.3 | 0 |
| PERSISTENT Persistent Systems Limited | ₹5,643 | ₹89K Cr | 44.7 | 11.35 | 27.2 | 34.4 | 0.06 |
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
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 newsTech 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
Tech Mahindra announces AGM details and e-voting facilities
*Tech Mahindra announces AGM details and e-voting facilities*. Tech Mahindra has completed dispatching the notice for its 39th Annual General Meeting (AGM) and the Integrated Annual Report for 2025-26. Remote e-voting and e-voting facilities will be available during the AGM for shareholders. This is a routine corporate update with no immediate financial implications. 📊 *STOCKS:* TECHM | 🏢 *SECTOR:* IT | #LOWIMPACT #AGM
Tech Mahindra announces AGM voting details and report dispatch
Tech Mahindra has completed dispatching the notice for its 39th Annual General Meeting and the Integrated Annual Report 2025-26. Members will have access to remote e-voting and e-voting during the AGM. This is a routine corporate disclosure with no immediate financial impact. 📊 *STOCKS:* TECHM | 🏢 *SECTOR:* IT | #LOWIMPACT #AGM
Tech Mahindra shares flat after general corporate update
*Tech Mahindra shares flat after general corporate update.* The company filed a routine letter to shareholders with no major financial announcements. Trading volumes remained subdued with **0% change** in share price. No significant operational or strategic updates were disclosed. 📊 *STOCKS:* TECHM | 🏢 *SECTOR:* IT | #LOWIMPACT #ShareholderLetter
Tech Mahindra announces general corporate updates
*Tech Mahindra announces general corporate updates.* The company filed routine disclosures with the NSE regarding internal corporate matters. No **specific financial figures** or strategic announcements were detailed. The update appears to be administrative in nature. 📊 *STOCKS:* TECHM | 🏢 *SECTOR:* IT | #LOWIMPACT #corporateupdate
IT majors Q2 results reveal mixed hiring, layoff trends
*IT majors Q2 results reveal mixed hiring and layoff trends.* HCL, TCS, Infosys, Wipro, and Tech Mahindra Q2 earnings reflect divergent employment strategies across the sector. Results highlight ongoing workforce optimization amid macroeconomic headwinds. Monitor these **5 IT stocks** for hiring trajectory shifts impacting future margin expansion. 📊 *STOCKS:* $HCLTECH | $TCS | $INFY | $WIPRO | $TECHM | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #Earnings
AI adoption reshapes IT hiring outlook; major vendors cautious FY25
*AI Push Reshapes IT Hiring As Jobs Turn Cautious in FY25.* Major IT services firms—**TCS, Infosys, HCLTech, Wipro, and Tech Mahindra**—are moderating hiring plans as artificial intelligence adoption accelerates across the sector. The shift signals cautious FY25 outlook despite AI revenue opportunities, impacting fresher intake and headcount growth expectations. 📊 *STOCKS:* $TCS | $INFY | $HCLTECH | $WIPRO | $TECHM | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI #Hiring
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