TECHM
Tech Mahindra Limited (TECHM) Stock Analysis
Tech Mahindra Limited is a global IT services and consulting company offering digital transformation, engineering, and BPO solutions. It serves telecom, banking, manufacturing, and healthcare clients from delivery centres worldwide. Tech Mahindra is part of the Mahindra group and focuses on 5G, cloud, and enterprise applications. It is listed on Indian stock exchanges.
Technology › Information Technology Services
₹1,514.10
-1.23% 1W | +1.70% 52W
Market Cap
134.1k CR
P/E Ratio
26.2
52W High
₹1854
52W Low
₹1304.1
Div. Yield
3.41%
Beta
0.2
50 DMA
₹1583
200 DMA
₹1511
Profit Margin
8.7%
Inst. Own.
44.1%
🔥 APPROACHING RESISTANCE
🔥 APPROACHING RESISTANCE
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13,159 | 12,864 | 13,101 | 12,871 | 13,006 | 13,313 | 13,286 | 13,384 | 13,351 | 13,995 | 14,393 | 15,076 | 15,712 |
| Expenses | 11,821 | 11,950 | 11,955 | 11,772 | 11,441 | 11,563 | 11,477 | 11,545 | 11,416 | 11,830 | 12,028 | 12,511 | 12,974 |
| Operating Profit | 1,338 | 914 | 1,146 | 1,099 | 1,564 | 1,750 | 1,809 | 1,839 | 1,935 | 2,165 | 2,366 | 2,565 | 2,738 |
| OPM % | 10% | 7% | 9% | 9% | 12% | 13% | 14% | 14% | 14% | 15% | 16% | 17% | 17% |
| Other Income | 200 | 264 | 92 | 380 | 147 | 522 | 23 | 173 | 219 | 40 | -293 | -205 | -106 |
| Interest | 120 | 98 | 116 | 58 | 72 | 89 | 76 | 85 | 78 | 77 | 94 | 89 | 111 |
| Depreciation | 447 | 466 | 443 | 461 | 462 | 470 | 459 | 462 | 458 | 469 | 474 | 481 | 479 |
| Profit before tax | 971 | 615 | 679 | 959 | 1,178 | 1,714 | 1,297 | 1,464 | 1,618 | 1,659 | 1,505 | 1,791 | 2,042 |
| Tax % | 28% | 18% | 23% | 31% | 27% | 27% | 24% | 22% | 30% | 28% | 26% | 24% | 27% |
| Net Profit | 704 | 505 | 524 | 664 | 865 | 1,258 | 989 | 1,142 | 1,129 | 1,202 | 1,119 | 1,356 | 1,486 |
| EPS in Rs | 7.10 | 5.06 | 5.23 | 6.77 | 8.71 | 12.78 | 10.05 | 11.92 | 11.65 | 12.19 | 11.45 | 13.82 | 14.95 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22,621 | 26,494 | 29,141 | 30,773 | 34,742 | 36,868 | 37,855 | 44,646 | 53,290 | 51,996 | 52,988 | 56,815 | 59,176 |
| Expenses | 18,428 | 22,234 | 24,956 | 26,063 | 28,471 | 31,365 | 31,059 | 36,626 | 45,527 | 47,489 | 46,024 | 47,783 | 49,342 |
| Operating Profit | 4,193 | 4,260 | 4,184 | 4,710 | 6,271 | 5,503 | 6,796 | 8,020 | 7,763 | 4,506 | 6,964 | 9,033 | 9,834 |
| OPM % | 19% | 16% | 14% | 15% | 18% | 15% | 18% | 18% | 15% | 9% | 13% | 16% | 17% |
| Other Income | 106 | 453 | 775 | 1,417 | 534 | 1,192 | 788 | 1,115 | 965 | 927 | 864 | -240 | -564 |
| Interest | 69 | 97 | 129 | 162 | 133 | 192 | 174 | 163 | 326 | 392 | 322 | 337 | 371 |
| Depreciation | 611 | 759 | 978 | 1,085 | 1,129 | 1,446 | 1,458 | 1,520 | 1,957 | 1,817 | 1,853 | 1,882 | 1,902 |
| Profit before tax | 3,618 | 3,857 | 3,853 | 4,879 | 5,543 | 5,058 | 5,953 | 7,452 | 6,446 | 3,224 | 5,653 | 6,573 | 6,997 |
| Tax % | 27% | 22% | 26% | 22% | 23% | 23% | 27% | 24% | 25% | 26% | 25% | 27% | |
| Net Profit | 2,659 | 3,027 | 2,851 | 3,786 | 4,289 | 3,897 | 4,353 | 5,630 | 4,857 | 2,397 | 4,253 | 4,806 | 5,163 |
| EPS in Rs | 27.35 | 30.92 | 28.88 | 38.78 | 43.70 | 41.76 | 45.73 | 57.27 | 49.60 | 24.14 | 43.43 | 49.10 | 52.41 |
| Dividend Payout % | 22% | 35% | 28% | 33% | 29% | 32% | 89% | 47% | 91% | 150% | 94% | 94% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 2.0% | 8.0% | 8.0% |
| Profit CAGR | 1.0% | 2.0% | 5.0% |
Shareholding Pattern
Promoters34.99%
FIIs23.28%
DIIs32.13%
Public9.43%
Promoters34.98%
FIIs20.60%
DIIs34.64%
Public9.61%
Promoters34.97%
FIIs17.94%
DIIs37.79%
Public9.14%
Promoters34.97%
FIIs18.59%
DIIs37.34%
Public8.94%
Promoters34.96%
FIIs18.66%
DIIs36.92%
Public9.28%
Promoters35.17%
FIIs26.87%
DIIs25.68%
Public12.07%
Promoters35.08%
FIIs24.15%
DIIs29.42%
Public11.16%
Promoters35.00%
FIIs22.95%
DIIs32.13%
Public9.74%
Promoters34.97%
FIIs18.59%
DIIs37.34%
Public8.94%
Promoters34.96%
FIIs18.66%
DIIs36.92%
Public9.28%
TECHM
Holdings Analysis
Key strengths & risk signals
57
Overall
56
Fundamental
59
Technical
Risks (4)
Cannot calculate PEG - insufficient growth data.
RECOVERY MODE! Current price (1514.1) above 200-day but below 50-day.
POSITIVE YEAR! Stock gained 1.7% in the last year.
LOWER HALF! Trading at 38.2% of 52W range - weakness visible.
Strengths (4)
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
BULLISH TREND! 50-day average (1583.0) is above 200-day average (1511.0) - positive signal.
LOW VOLATILITY! Beta of 0.20 - stable stock, less market risk.
BULLISH SENTIMENT! In last 30 days: 15 up days, 15 down days. Avg volume on up days: 2,116,444 vs down days: 1,844,609. Ratio: 1.15x
Fundamental & Technical Analysis
57Overall
56Fundamental
59Technical
Fundamental Breakdown
Growth Quality
7/30
Revenue CAGR: 2.2% (SLOW, 5/15). Profit CAGR: -0.1% (DECLINING, 2/15).
Profit Margin
3/10
LOW MARGIN! 8.7% profit margin - thin profits.
PEG Valuation
1/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
7/10
GOOD DIVIDEND! 3.41% yield - decent income potential.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.07 - excellent financial health.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 12.11% public ownership - strong promoter/institutional control.
Stability Index
8/10
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
Technical Breakdown
Moving Averages
10/10
BULLISH TREND! 50-day average (1583.0) is above 200-day average (1511.0) - positive signal.
Price Position
2/10
RECOVERY MODE! Current price (1514.1) above 200-day but below 50-day.
Trend Pattern
10/20
AT RESISTANCE! Stock is at key resistance level.
52W Performance
4/10
POSITIVE YEAR! Stock gained 1.7% in the last year.
Volume Sentiment
20/30
BULLISH SENTIMENT! In last 30 days: 15 up days, 15 down days. Avg volume on up days: 2,116,444 vs down days: 1,844,609. Ratio: 1.15x
RSI
3/5
NEUTRAL! RSI at 43.1 - balanced momentum.
52W Range
2/5
LOWER HALF! Trading at 38.2% of 52W range - weakness visible.
Momentum
3/5
MIXED MOMENTUM! Price growth is inconsistent - -1.2% (1 week), 0.4% (1 month), 4.1% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.20 - stable stock, less market risk.
TECHM
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-07-22 | Concall PDF | |
| Q2FY262026-01-20 | Concall PDF |
Peer Comparison
Technology · Information Technology Services · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TECHM | ₹1,514.10 | 26.2 | 8.7% | 2.2% | -0.1% | +1.7% | 57 | APPROACHING RESISTANCE | +28.4% | +8.2% | +17.7% | +4.2% |
| LTM | ₹4,070.00 | 23.1 | 11.9% | 8.4% | 4.4% | -28.4% | 53 | BREAKDOWN | +16.9% | +5.3% | +18.0% | +2.8% |
| WIPRO | ₹162.60 | 12.9 | 13.9% | 0.8% | 5.2% | -36.3% | 57 | APPROACHING SUPPORT | +0.6% | -4.3% | +10.6% | +1.0% |
| PERSISTENT | ₹5,770.00 | 47.2 | 12.2% | 20.9% | 26.5% | +2.1% | 78 | BOUNCE FROM SUPPORT | +13.7% | -8.7% | +29.1% | +6.1% |
| COFORGE | ₹1,867.90 | 38.3 | 9.6% | 26.9% | 30.9% | +5.9% | 77 | CONSOLIDATING UP | +63.4% | -15.3% | +49.2% | +24.2% |
| MPHASIS | ₹2,360.00 | 23.6 | 11.6% | 4.8% | 4.4% | -18.5% | 68 | BREAKOUT | +10.8% | -3.9% | +17.5% | +3.3% |
| LTTS | ₹3,270.10 | 26.6 | 11.7% | 7.6% | 1.8% | -26.4% | 59 | BREAKDOWN | +13.0% | +7.4% | +11.5% | +2.9% |
| HEXT | ₹538.50 | 24.7 | 9.3% | 13.4% | 15.7% | -28.6% | 77 | BREAKOUT | -13.2% | -6.2% | +17.9% | +6.4% |
Data from TradeAlone · Updated daily
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