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Tech Mahindra Limited (TECHM.NS)

INR1,498.70 +14.40 (+0.97%)
IN NSE Technology Information Technology Services
Address Plot No. 1, Phase III 411057
Pune, IN
CEO Mohit Joshi
Website techmahindra.com
IPO 2006-08-28
ISIN INE669C01036

Explore sections of this company profile

Also trades on Bombay Stock Exchange · TECHM.BO (INR) National Stock Exchange of India · TECHM.NS (INR)
Description

Established in 1986 and based in Pune, India, Tech Mahindra Limited operates as a global provider of information technology (IT) services and business solutions. Its reach extends across the Americas, Europe, India, and other international markets. The company's operations are structured around two core divisions: IT Business and Business Process Outsourcing (BPO). Tech Mahindra's extensive service portfolio encompasses IT and application outsourcing, strategic consulting, network management, infrastructure provisioning, integrated engineering, and platform-based solutions. The firm also delivers specialized, consulting-driven integrated services to a diverse clientele, including telecom equipment manufacturers, service providers, IT infrastructure providers, and BPO companies. Its offerings further include a wide array of IT and IT-enabled enterprise solutions, alongside application development and maintenance, advanced engineering support, and comprehensive infrastructure management. Modern capabilities provided by Tech Mahindra extend to data analytics, cloud services, customer experience management, and the implementation of enterprise platforms. The company is also proficient in software testing, telecom product engineering, digital supply chain optimization, performance engineering, artificial intelligence (AI), and cybersecurity. Tech Mahindra caters to a broad spectrum of industries, such as communications, banking, financial services and insurance (BFSI), energy and utilities, media and entertainment, healthcare and life sciences, hi-tech, professional services, manufacturing, retail and consumer goods, travel, transportation, hospitality and logistics, oil and gas, and public sector/government entities.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,498.70 +14.40 (+0.97%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.16
Float Shares
536.79M
Free Float %
60.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.45% -2.72% +3.94% +7.23% -9.45% -10.16% -13.85% +32.41% +33.66% +167.59% +931.47%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,498.70
DCF (Unlevered) 4,841.52 +223.0%
DCF (Levered) 5,049.10 +236.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 65% Bullish
Rating 2026-06 Change
Strong Buy 9 0
Buy 17 0
Hold 6 0
Sell 5 0
Strong Sell 3 0
Quality scores
Altman Z-Score
5.91
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Information Technology Services: +10.1%
    +7.2% Q1'26: +12.6% (vs Q1'25)
  • ✓
    EPS growth Information Technology Services: +16.7%
    +13.1% Q1'26: +15.9% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Information Technology Services: +32.8%
    +8.4% Q1'26: +0.0% (vs Q1'25)
  • ✗
    EBIT margin Information Technology Services: +9.0%
    +12.6% ★ Q1'26: +12.5% (vs Q1'25)
  • ✓
    ROIC Information Technology Services: +9.5%
    +22.8% ★ Q1'26: +24.4% (vs Q1'25)
  • ✗
    Share dilution Information Technology Services: +0.0%
    +0.0% Q1'26: +0.1% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×
    0.24× Q1'26: 0.23× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.16) × ERP
WACC = 98% × Ke + 2% × Kd (15.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 4,728.45 Current price: 1,498.70
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2007
actual 		Mar 2008
actual 		Mar 2009
actual 		Mar 2010
actual 		Mar 2011
actual 		Mar 2012
actual 		Mar 2013
actual 		Mar 2014
actual 		Mar 2015
actual 		Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
37 Rev. Ana.
27 EPS Ana. 		Mar 2027
39 Rev. Ana.
36 EPS Ana. 		Mar 2028
40 Rev. Ana.
36 EPS Ana. 		Mar 2029
16 Rev. Ana.
13 EPS Ana. 		Mar 2030
11 Rev. Ana.
11 EPS Ana.
Revenue
29.37B
est: 29.60B (-0.8%)
37.66B
est: 38.66B (-2.6%)
44.65B
est: 45.82B (-2.6%)
46.25B
est: 46.44B (-0.4%)
51.40B
est: 51.05B (+0.7%)
54.90B
est: 56.15B (-2.2%)
68.73B
est: 68.81B (-0.1%)
188.31B
est: 191.08B (-1.4%)
226.21B
est: 224.83B (+0.6%)
264.94B
est: 264.75B (+0.1%)
291.41B
est: 292.24B (-0.3%)
307.73B
est: 307.13B (+0.2%)
347.42B
est: 349.46B (-0.6%)
368.68B
est: 373.72B (-1.3%)
378.55B
est: 379.46B (-0.2%)
446.46B
est: 445.15B (+0.3%)
532.90B
est: 533.35B (-0.1%)
519.96B
est: 518.42B (+0.3%)
529.88B
est: 532.39B (-0.5%)
567.31B
559.63B – 594.90B
+6.6% YoY
620.28B
601.46B – 638.89B
+9.3% YoY
656.59B
624.25B – 676.79B
+5.9% YoY
696.17B
695.18B – 697.15B
+6.0% YoY
761.21B
730.71B – 784.34B
+9.3% YoY
EBITDA
7.44B
est: 4.44B (+67.5%)
9.30B
est: 9.56B (-2.7%)
12.45B
est: 5.64B (+120.9%)
12.00B
est: 12.00B (-0.1%)
11.21B
est: 8.36B (+34.1%)
9.50B
est: 9.32B (+1.9%)
14.58B
est: 15.32B (-4.8%)
41.51B
est: 44.86B (-7.5%)
41.27B
est: 50.23B (-17.8%)
42.22B
est: 48.78B (-13.4%)
40.75B
est: 53.36B (-23.6%)
46.32B
est: 55.81B (-17.0%)
62.34B
est: 79.62B (-21.7%)
53.18B
est: 75.15B (-29.2%)
75.57B
est: 71.63B (+5.5%)
91.35B
est: 78.54B (+16.3%)
75.07B
est: 85.48B (-12.2%)
44.75B
est: 73.68B (-39.3%)
63.35B
est: 76.29B (-17.0%)
80.63B
79.54B – 84.55B
+5.7% YoY
88.16B
85.48B – 90.80B
+9.3% YoY
93.32B
88.72B – 96.19B
+5.9% YoY
98.94B
98.80B – 99.08B
+6.0% YoY
108.19B
103.85B – 111.48B
+9.3% YoY
EBIT
6.93B
est: 3.58B (+93.5%)
8.51B
est: 9.05B (-6.0%)
11.35B
est: 8.80B (+29.0%)
10.39B
est: 11.48B (-9.5%)
8.89B
est: 10.89B (-18.3%)
7.62B
est: 9.77B (-22.0%)
12.58B
est: 8.14B (+54.5%)
37.68B
est: 36.51B (+3.2%)
36.42B
est: 44.30B (-17.8%)
36.12B
est: 42.22B (-14.5%)
32.34B
est: 38.77B (-16.6%)
36.70B
est: 33.79B (+8.6%)
52.37B
est: 41.66B (+25.7%)
43.20B
est: 56.35B (-23.3%)
61.00B
est: 41.91B (+45.5%)
76.15B
est: 45.95B (+65.7%)
61.03B
est: 50.01B (+22.0%)
31.80B
est: 59.11B (-46.2%)
51.65B
est: 61.21B (-15.6%)
64.69B
63.81B – 67.83B
+5.7% YoY
70.73B
68.58B – 72.85B
+9.3% YoY
74.87B
71.18B – 77.17B
+5.9% YoY
79.38B
79.27B – 79.49B
+6.0% YoY
86.80B
83.32B – 89.43B
+9.3% YoY
Net Income
6.13B
est: 10.87B (-43.6%)
7.70B
est: 8.00B (-3.8%)
10.15B
est: 3.89B (+160.9%)
7.03B
est: 9.82B (-28.4%)
6.44B
est: 7.70B (-16.3%)
10.99B
est: 7.33B (+50.0%)
12.88B
est: 12.92B (-0.4%)
30.29B
est: 38.47B (-21.3%)
26.28B
est: 35.58B (-26.2%)
31.18B
est: 30.91B (+0.9%)
28.13B
est: 33.06B (-14.9%)
38.00B
est: 29.52B (+28.7%)
42.98B
est: 43.25B (-0.6%)
40.33B
est: 46.24B (-12.8%)
44.28B
est: 39.76B (+11.4%)
55.66B
est: 43.59B (+27.7%)
48.31B
est: 47.45B (+1.8%)
23.58B
est: 25.17B (-6.3%)
42.52B
est: 40.85B (+4.1%)
48.11B
47.37B – 54.75B
+17.8% YoY
69.07B
61.55B – 73.91B
+43.6% YoY
75.89B
66.29B – 82.06B
+9.9% YoY
84.30B
71.43B – 88.13B
+11.1% YoY
98.81B
93.66B – 102.71B
+17.2% YoY
SGA
9.93B
est: 1.18B (+742.7%)
12.60B
est: 14.49B (-13.1%)
11.88B
est: 18.46B (-35.7%)
—
est: 18.23B (-100.0%)
11.00B
est: 26.04B (-57.8%)
6.80B
est: 31.77B (-78.6%)
8.25B
est: 38.20B (-78.4%)
22.06B
est: 140.70B (-84.3%)
4.60B
est: 149.82B (-96.9%)
5.70B
est: 181.29B (-96.9%)
9.17B
est: 203.73B (-95.5%)
6.92B
est: 221.14B (-96.9%)
7.58B
est: 248.98B (-97.0%)
4.66B
est: 255.41B (-98.2%)
15.10B
est: 249.91B (-94.0%)
18.23B
est: 273.98B (-93.3%)
20.14B
est: 298.20B (-93.2%)
21.65B
est: 16.51B (+31.2%)
20.63B
est: 17.09B (+20.7%)
18.06B
17.82B – 18.94B
+5.7% YoY
19.75B
19.15B – 20.34B
+9.3% YoY
20.91B
19.88B – 21.55B
+5.9% YoY
22.17B
22.13B – 22.20B
+6.0% YoY
24.24B
23.27B – 24.97B
+9.3% YoY
EPS
2.64
est: 12.25 (-78.4%)
6.80
est: 15.40 (-55.8%)
20.85
est: 18.85 (+10.6%)
14.35
est: 12.42 (+15.5%)
12.90
est: 14.56 (-11.4%)
21.56
est: 19.68 (+9.5%)
25.21
est: 23.86 (+5.7%)
32.56
est: 32.07 (+1.5%)
27.46
est: 33.41 (-17.8%)
34.51
est: 32.66 (+5.7%)
32.14
est: 33.91 (-5.2%)
43.02
est: 39.27 (+9.6%)
48.47
est: 48.79 (-0.7%)
46.21
est: 48.76 (-5.2%)
50.64
est: 52.81 (-4.1%)
63.32
est: 62.55 (+1.2%)
54.76
est: 57.72 (-5.1%)
26.66
est: 28.45 (-6.3%)
48.00
est: 46.31 (+3.7%)
58.10
53.36 – 61.67
+25.5% YoY
77.31
69.33 – 83.25
+33.1% YoY
85.08
74.67 – 92.43
+10.0% YoY
94.07
80.46 – 99.27
+10.6% YoY
111.30
105.50 – 115.70
+18.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-06-11 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-06-10 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-06-09 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-06-08 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-06-05 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-06-04 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-06-03 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-06-02 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-06-01 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-05-29 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-05-27 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-05-26 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-05-25 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-05-22 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-05-21 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-05-20 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-05-19 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-05-18 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-05-15 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-14 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-13 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-12 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-11 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-08 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-07 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-06 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-05 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-04 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-04-30 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-04-29 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-04-28 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-04-27 A- 4/5 4/5 4/5 4/5 3/5 3/5 2/5
2026-04-24 A- 4/5 4/5 4/5 4/5 3/5 3/5 2/5
2026-04-23 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.45B
OE per share TTM
1.64
Owner's Yield
0.11%
Maintenance CapEx ratio
4.95%
Maint CapEx / Avg PPE
8.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 22 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Global X India Nifty 50 ETF NDIA.AX 0.84% 1.06M 0.69%
2 Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF DRFE.TO 0.82% 1.97M 0.65%
3 WisdomTree India Earnings Fund EPI 0.61% 12.63M 0.84%
4 WisdomTree True Emerging Markets Fund XC 0.23% 185.2K 0.32%
5 WisdomTree Emerging Markets Quality Dividend Growth Fund DGRE 0.22% 325.9K 0.32%
6 Dimensional - Emerging Markets High Profitability ETF DEHP 0.21% 908.5K 0.44%
7 State Street SPDR MSCI Emerging Markets StrategicFactors ETF QEMM 0.20% 111.4K 0.30%
8 WisdomTree Emerging Markets Multifactor Fund EMMF 0.14% 245.9K 0.48%
9 Schwab Fundamental Emerging Markets Large Company Index ETF FNDE 0.12% 11.25M 0.39%
10 State Street SPDR S&P Emerging Asia Pacific ETF GMF 0.12% 512.8K 0.49%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
482.9K
Shares Outstanding
885.72M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Mohit Joshi Chief Executive Officer, MD & Director 539M male
Atul Soneja Chief Operating Officer 71M male
Rohit Anand Chief Financial Officer 65M male
Ruchie Khanna Company Secretary & Compliance Officer 3M female
Ram Ramachandran Head of Specialist Sales — male
Richard Lobo Chief People Officer — male
Peeyush Dubey Chief Marketing Officer — male
Kaustubh Vaidya Head of Investor Relations — —
Pallavi Katiyar Chief Information Officer — female
Abhilasha Gupta Head of Corporate Communications & Public Affairs — —
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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