NSE TECHM · BSE 532755 · Software & Programming · NIFTY 50

Tech Mahindra Share Price

Market open · updated 25 Sep, 2:43 PM IST
₹1,543.00 ▼ −₹9.00 · 0.58% NSE · as of 24 Sep 2026, 10:28 AM · BSE ₹1,546.00
Today's range
₹1,544.85Low₹1,576.30High
52-week range
₹1,304.25Low · 9 Mar 2026₹1,850.00High · 3 Feb 2026

Tech Mahindra Overview

Where the price stands, how it has moved and how it sits against its averages.

Tech Mahindra shares last traded at ₹1,543.00 on the NSE, down 0.58% on the day. That is 16.6% below the 52-week high of ₹1,850.00 and 18.3% above the 52-week low of ₹1,304.25. The stock trades at 24.24× earnings, below the sector average of 25.15. Its market value is ₹1,51,529 Cr.

Price returns

1 Day▼ −0.58%
5 Days▼ −0.06%
This month▼ −4.36%
3 Months▲ +6.53%
6 Months▲ +10.54%
This year▼ −2.13%
1 Year▲ +5.78%

Against the market: 1 Month ▲ +2.61% · 3 Months ▲ +9.61% · 6 Months ▲ +11.20% · This year ▲ +11.46% · 1 Year ▲ +16.06%

Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST).

Moving averages — price is above 2 of 6

  1. 50-day average₹1,589.54 ▼ price 2.9% below
  2. 20-day average₹1,577.03 ▼ price 2.2% below
  3. 5-day average₹1,553.24 ▼ price 0.7% below
  4. 10-day average₹1,547.59 ▼ price 0.3% below
  5. Today's price₹1,543.00
  6. 300-day average₹1,520.30 ▲ price 1.5% above
  7. 100-day average₹1,517.19 ▲ price 1.7% above

Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.

Tech Mahindra Financial Results

Revenue and net profit in ₹ crore, with the full statements underneath.

Revenue₹ crore
56,815
Net profit₹ crore · losses below zero
5,566
4,811

Year by year

Fiscal yearRevenueGrowthNet profitNet marginEPSDividend
FY 2026 ₹56,815 Cr ▲ +7.2% ₹4,811 Cr 8.5% ₹54.19 ₹51.00
FY 2025 ₹52,988 Cr ▲ +1.9% ₹4,252 Cr 8.0% ₹47.91 ₹45.00
FY 2024 ₹51,996 Cr ▼ −2.4% ₹2,358 Cr 4.5% ₹26.58 ₹40.00
FY 2023 ₹53,290 Cr ▲ +19.4% ₹4,831 Cr 9.1% ₹54.54 ₹32.00
FY 2022 ₹44,646 Cr ▲ +17.9% ₹5,566 Cr 12.5% ₹62.81 ₹15.00
FY 2021 ₹37,855 Cr ▲ +2.7% ₹4,428 Cr 11.7% ₹50.19 ₹15.00
FY 2020 ₹36,868 Cr — ₹4,033 Cr 10.9% ₹45.85 ₹15.00

Balance sheet — FY26

Owes (liabilities)Shareholders' equity
40%
60%
  • Total assets₹49,369 Cr
  • Total liabilities₹19,754 Cr
  • Shareholders' equity₹29,615 Cr
  • Total debt₹2,186 Cr
  • Cash & investments₹8,386 Cr
  • Current ratio1.90×
  • Revenue growth, 5 yr8.46% a year
  • EPS growth, 5 yr1.55% a year
  • Operating margin (TTM)12.96%
  • Net margin (TTM)8.72%

Cash flow — FY26

Operating activities
▲ ₹6,172 Cr
Investing activities
▼ −₹409 Cr
Financing activities
▼ −₹5,131 Cr
Free cash flow
▲ ₹5,476 Cr
Net change in cash
▲ ₹728 Cr

Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.

Full financial statements, FY20–FY26
₹ croreFY20FY21FY22FY23FY24FY25FY26
Total revenue36,867.7037,855.1044,646.0053,290.2051,995.5052,988.3056,815.40
Cost of revenue5,646.105,114.707,097.008,175.506,883.606,029.906,305.40
Gross profit31,221.6032,740.4037,549.0045,114.7045,111.9046,958.4050,510.00
Operating expenses32,616.9032,402.8038,104.9047,424.7048,837.8047,784.6049,916.90
Operating income4,250.805,452.306,541.105,865.503,157.705,203.706,898.50
Depreciation1,426.801,444.401,511.001,951.801,813.601,850.601,879.90
Profit before tax5,057.805,952.907,452.106,445.503,224.405,653.206,573.10
Tax1,160.401,599.901,822.001,588.50827.601,400.201,767.60
Net profit4,033.004,428.005,566.104,831.302,357.804,251.504,810.90
EPS (₹)45.8550.1962.8154.5426.5847.9154.19
Dividend per share (₹)15.0015.0015.0032.0040.0045.0051.00

What Analysts Say

39 analysts

Recommendations from 39 analysts who cover Tech Mahindra.

Buy average rating 2.44 on a 1–5 scale

▲ 23 bullish (59.0%) · 8 hold (20.5%) · ▼ 8 bearish (20.5%)

Votes

Strong Buy
10 (26%)
Buy
13 (33%)
Hold
8 (21%)
Sell
5 (13%)
Strong Sell
3 (8%)

How the votes changed

Rating3M ago2M ago1M ago1W agoNow3-month change
Strong Buy810101010 ▲ +2
Buy1714131313 ▼ −4
Hold78988 ▲ +1
Sell65555 ▼ −1
Strong Sell23333 ▲ +1

Analyst ratings are opinions, not a guarantee of returns.

Tech Mahindra vs Peers

Side by side with other software & programming companies. The small bars compare each column.

CompanyPriceChangeMarket capP/EP/BROE (5 yr)Net marginDiv. yieldRating
Tech Mahindra ₹1,543.00 ▼ −0.58% ₹1,51,529 Cr 24.24 5.15 16.03% 8.72% 3.28% This stock
Tata Consultancy Services ₹2,077.00 ▼ −0.43% ₹7,51,477 Cr 15.67 7.66 48.55% 18.15% 2.86% Bearish
Infosys ₹1,009.10 ▼ −0.99% ₹4,09,516 Cr 14.79 4.78 30.67% 16.50% 4.38% Bearish
HCL Technologies ₹1,244.85 ▼ −0.89% ₹3,37,811 Cr 18.81 4.35 23.46% 12.97% 4.98% Moderately Bearish
Billionbrains Garage Ventures ₹185.00 ▼ −1.93% ₹1,16,062 Cr 61.26 13.32 — 46.54% — Moderately Bearish
LTM Ltd ₹4,035.00 ▼ −1.16% ₹1,19,687 Cr 22.30 5.03 25.27% 11.79% 1.84% Bearish

Rating = the data provider's overall technical view of each peer. Company names link to their own pages.

Shareholding Pattern

Who owns Tech Mahindra shares, quarter by quarter (latest on top).

PromoterFIIMFOther
Jun '26
35.0%
18.7%
19.1%
27.2%
Mar '26
Dec '25
Sep '25
HolderSep '25Dec '25Mar '26Jun '26Change
Promoter34.98%34.98%34.97%34.97% 0.00 pts
FII20.60%17.94%18.59%18.66% ▲ +0.07 pts
MF17.56%19.88%19.06%19.14% ▲ +0.08 pts
Other26.86%27.20%27.38%27.23% ▼ −0.15 pts

Tech Mahindra Key Metrics

Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.

Tech MahindraBenchmarkComfortable → stretched

Valuation Is the price reasonable?

P/E (TTM)Price ÷ yearly earnings per share
24.24
▼ 4% below the sector average of 25.15
P/E, 12-month rangeLow 16.06 · high 50.41
24%
Today's P/E sits 24% of the way from its low to its high
P/BPrice ÷ book value per share
5.15
P/SPrice ÷ sales per share
2.58
P/CFPrice ÷ cash flow per share
21.60

Profitability Of every ₹100 of sales, how much is kept?

Gross marginKept after the cost of goods
88.88%
▲ above its 5-yr average of 86.72%
Operating marginKept after running costs
12.96%
▲ above its 5-yr average of 10.65%
Pre-tax marginKept before tax
11.82%
▲ above its 5-yr average of 11.30%
Net marginKept as profit
8.72%
▲ above its 5-yr average of 8.45%

Returns & efficiency How well does it use its money?

Return on equityProfit on shareholders' money
16.89%
▲ above its 5-yr average of 16.03%
Return on assetsProfit on everything it owns
10.24%
▲ above its 5-yr average of 9.82%
Return on investmentProfit on long-term capital
14.61%
▲ above its 5-yr average of 13.92%

Growth Is the business getting bigger?

Revenue — last 12 months
+11.0%
▲ growing
Revenue — 3 yr, a year
+2.2%
▲ growing
Revenue — 5 yr, a year
+8.5%
▲ growing
EPS — last 12 months
+13.0%
▲ growing
EPS — 3 yr, a year
−0.2%
▼ shrinking
EPS — 5 yr, a year
+1.6%
▲ growing
Dividend — 3 yr, a year
+16.8%
▲ growing
Book value — 5 yr, a year
+1.2%
▲ growing

Financial strength Can it pay its bills and debts?

Debt to equityBorrowings for every ₹1 of shareholders' money
0.07×
✓ Low debt
Current ratioShort-term assets for every ₹1 due within a year
1.90×
✓ Comfortable
Quick ratioLike the current ratio, without inventory
1.89×
✓ Comfortable
Interest coverOperating profit ÷ interest to pay
20.73×
✓ Strong
Payout ratioShare of profit paid as dividend
103.87%
• Pays most out

Per share What each share stands for

EPS (TTM)
₹57.84
Book value
₹302.26
Cash flow
₹79.58
Dividend
₹51.00
Revenue
₹666.54

The share price is 5.10× the book value behind each share.

Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.

All 111 metrics from the data provider

Valuation

P/E excluding extraordinary items, most recent fiscal year28.73
Current Dividend Yield - Common Stock Primary Issue, LTM3.28
Price to Book - most recent fiscal year5.15
P/E Basic excluding extraordinary items - TTM24.24
P/E including extraordinary items - TTM26.92
P/E excluding extraordinary items low, trailing 12 months16.06
Price to Tangible Book - most fiscal year7.95
Dividend Yield - 5 Year Average2.77
Price to sales - most recent fiscal year2.69
Dividend Yield - indicated annual dividend divided by closing price3.28
Price to Cash Flow per share - trailing 12 month21.60
Price to Free Cash Flow per Share - most recent fiscal year105.19
P/E Normalized, most recent fiscal year27.62
P/E excluding extraordinary items high, trailing 12 months50.41
P/E excluding extraordinary items, most recent fiscal year quarter26.92
Price to sales - trailing 12 month2.58
Net Debt, LFY−61,995.00

Per share

Dividend Per Share - 5 year average36.60
Cash Flow per share - trailing 12 month79.58
Cash Flow per share - most recent fiscal year75.31
EPS including extraordinary items - trailing 12 month57.84
EPS including extraordinary items - most recent fiscal year54.19
EBITD per share - trailing 12 month110.85
Revenue/share - trailing 12 month666.54
EPS excluding extraordinary items - trailing 12 month57.84
EPS Basic excluding extraordinary items - most recent fiscal year54.28
EPS Basic excluding extraordinary items - trailing 12 month57.95
Book value per share - most recent fiscal year302.25
Dividend per share - most recent fiscal year51.00
Revenue/share - most recent fiscal year640.01
EPS Normalized - most recent fiscal year56.37
Book value (tangible) per share - most recent fiscal year195.84
Dividends per share - trailing 12 month51.00
EPS excluding extraordinary items - most recent fiscal year54.19
Cash per share - most recent fiscal year85.58

Margins

Operating margin - trailing 12 month12.96
Gross Margin - 5 year average86.72
Operating margin - 1st historical fiscal year12.14
Operating Margin - 5 year average10.65
Net Profit Margin % - 1st historical fiscal year8.46
Gross Margin - 1st historical fiscal year88.90
Net Profit Margin % - trailing 12 month8.72
Net Profit Margin - 5 year average8.45
Pretax Margin - 5 year average11.30
Pretax margin - 1st historical fiscal year11.57
Pretax margin - trailing 12 month11.82
Free Operating Cash Flow/Revenue, 5 Year Average1.95
Gross Margin - trailing 12 month88.88

Growth

EPS Change %, TTM over TTM13.00
Revenue growth rate, 5 year8.46
EPS growth rate, 5 year1.55
Revenue Change % - most recent quarter 1 year ago17.68
Growth rate% - dividend, 3 year16.81
Growth rate% - EPS, 3 year−0.21
Revenue/share (5 yr growth)8.32
Free Operating Cash Flow, 5 Year CAGR−23.86
Tangible Book Value, Total Equity, 5 Year CAGR−0.22
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR5.80
Capital Spending growth rate, 5 year0.88
Revenue Change %, TTM over TTM10.95
Growth rate% - Revenue, 3 year2.16
Book value per share growth rate, 5 year1.22
EPS Change % - most recent quarter 1 year ago28.30
Net Profit Margin growth rate, 5 year−5.96
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR5.62
Total Debt, 5 Year CAGR−5.50

Financial strength

Net Interest coverage - most recent fiscal year20.73
Free Cash Flow - most recent fiscal year14,508.00
LT debt/equity - most recent fiscal year0.05
Quick ratio - most recent fiscal year1.89
Payout ratio - trailing 12 month97.30
Current ratio - most recent fiscal year1.90
Current EV/Free Cash Flow, LFY74.77
Total debt/total equity - most recent fiscal year0.07
Net Interest coverage - trailing 12 month21.05
Payout ratio - most recent fiscal year103.87

Returns & efficiency

Return on average equity - 5 year average16.03
Net Income/employee - trailing 12 month4,32,640.30
Revenue/employee - most recent fiscal year42,38,880.00
Return on investment - most recent fiscal year14.61
Return on average assets - most recent fiscal year10.24
Receivables turnover - most recent fiscal year4.08
Inventory turnover - most recent fiscal year87.82
Revenue/employee - trailing 12 month49,58,739.00
Return on average assets - 5 year average9.82
Net Income/employee - most recent fiscal year3,58,528.40
Asset turnover - most recent fiscal year1.21
Return on average equity - most recent fiscal year16.89
Return on investment - 5 year average13.92

Price & volume

Market Cap1,51,528.68
52 week Low Date9 Mar 2026
Price - 1 Day % Change0.35
Relative (S&P500) price percent change - 13 week9.61
Avg trading volume last 10 days1.75
Price - 13 week price percent change6.53
Price - 52 week price percent change5.78
Avg Trading Volume Last 3 months51.80
Price - 5 Day % Change−0.06
Price % Change Month To Date−4.36
Relative (S&P500) price percent change - 04 week2.61
52 week High Date3 Feb 2026
Price - 26 week price percent change10.54
PDATE23 Sep 2026
Price - YTD price percent change−2.13
Relative (S&P500) price percent change - 52 week16.06
NPRICE1,557.00
Relative (S&P500) price percent change - 26 week11.20
52 week Low1,304.10
52 week High1,854.00
Beta0.85
Relative (S&P500) price percent change - Year to Date11.46

Dividends & Corporate Events

Payouts to shareholders, splits and bonus issues, and company meetings — newest first.

Dividend per share₹ per share, by fiscal year
₹51.00
  • Dividend yield3.28%
  • Payout ratio103.87%
  • 5-year average dividend₹36.60 a share
  • Latest dividend₹36.00 per share · 3 Jul 2026

Corporate calendar

  • MeetingAnnual General Meeting
  • BoardQuarterly Results
  • Dividend₹36.00 per share · 720% · Final dividend
  • BoardAudited Results & Final Dividend
  • BoardQuarterly Results
  • Dividend₹15.00 per share · 300% · Interim dividend
  • BoardQuarterly Results & Interim Dividend
  • MeetingAnnual General Meeting
Show 14 older events
  • BoardQuarterly Results & Others
  • Dividend₹30.00 per share · 600% · Final dividend
  • BoardAudited Results & Final Dividend
  • BoardQuarterly Results & Others
  • MeetingPostal Ballot
  • Dividend₹15.00 per share · 300% · Interim dividend
  • BoardQuarterly Results & Interim Dividend
  • MeetingAnnual General Meeting
  • Dividend₹28.00 per share · 560% · Final dividend
  • Dividend₹12.00 per share · 240% · Interim dividend
  • MeetingAnnual General Meeting
  • Dividend₹32.00 per share · 640% · Final dividend
  • Dividend₹18.00 per share · 360% · Special special dividend
  • MeetingAnnual General Meeting

About Tech Mahindra

Software & Programming

Tech Mahindra Limited is a global consulting service and systems integrator. The Company specializes in digital transformation, consulting, and business re-engineering, with digital competencies encompassing next-generation technologies. Its capabilities include consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services. It operates through two segments: Information Technology (IT) Business and Business Process Services (BPS). In Information Technology include and Services IT consulting, software application development and maintenance. It geographically include the Americas, the Europe region, India, and the Rest of the world. It serves industries, including Telecommunications, Manufacturing, Technology, Media and Entertainment, Health and Lifesciences, Banking, Financial Services and Insurance (BFSI), Retail and others.

Key people

  • Mohit JoshiChief Executive Officer, Managing Director, Executive Director
  • Rohit AnandChief Financial Officer
  • Atul SonejaChief Operating Officer
  • Richard Gerard LoboChief People Officer
  • Peeyush DubeyChief Marketing Officer
  • Ruchie KhannaChief Compliance Officer, Company Secretary

Company facts

  • NSE symbolTECHM
  • BSE code532755
  • ISININE669C01036
  • IndustrySoftware & Programming
  • IndexNIFTY 50, NIFTY 500
  • Market cap₹1,51,529 Cr
  • Revenue (FY26)₹56,815 Cr
  • Net profit (FY26)₹4,811 Cr

In the News

Recent headlines about Tech Mahindra — they open on Mint in a new tab.

Stock data comes from the exchange feed via our data provider and may be delayed. It is for information only and is not a recommendation to buy or sell. See all stocks →

Frequently Asked Questions

Tech Mahindra (NSE: TECHM) last traded at ₹1,543.00 on the NSE, down 0.58% (₹9.00) on the day, as of 24 Sep 2026, 10:28 AM. On the BSE it was ₹1,546.00. The day's range was ₹1,544.85 – ₹1,576.30.

Tech Mahindra's 52-week high is ₹1,850.00 (3 Feb 2026) and its 52-week low is ₹1,304.25 (9 Mar 2026). At ₹1,543.00 the share is 16.6% below its high and 18.3% above its low.

Tech Mahindra's market capitalisation is ₹1,51,529 Cr (₹1.52L Cr). It is part of the NIFTY 50 index.

Tech Mahindra's P/E ratio (trailing 12 months) is 24.24. The sector average is 25.15, so investors pay 4% less for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹57.84.

Tech Mahindra shares are up 5.78% over the last year, down 2.13% so far this year, up 10.54% over 6 months, up 6.53% over 3 months. Over the last year the stock did 16.06% better than the market.

In FY26 (year to Mar 2026), Tech Mahindra reported revenue of ₹56,815 Cr (up 7.22% on the year before) and a net profit of ₹4,811 Cr. Earnings per share were ₹54.19.

Yes. Tech Mahindra's latest dividend is ₹36.00 per share (720%, final dividend), with an ex-date of 3 Jul 2026. The dividend yield is 3.28%. It has paid 8 dividends in the records shown on this page.

Of 39 analysts covering Tech Mahindra, 23 are bullish (10 strong buy, 13 buy), 8 say hold and 8 are bearish. The consensus is Buy (average rating 2.44 on a scale where 1 is Strong Buy and 5 is Strong Sell). Analyst views are opinions, not a guarantee.

As of Jun 2026: Promoter 34.97%, FII 18.66%, MF 19.14%, Other 27.23%.

Tech Mahindra's listed peers in Software & Programming include Tata Consultancy Services, Infosys, HCL Technologies, Billionbrains Garage Ventures, LTM Ltd. By market capitalisation it ranks #4 of 6 in this group.