NSE TECHM · BSE 532755 · Software & Programming · NIFTY 50
Tech Mahindra Share Price
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
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
- 50-day average₹1,589.54 ▼ price 2.9% below
- 20-day average₹1,577.03 ▼ price 2.2% below
- 5-day average₹1,553.24 ▼ price 0.7% below
- 10-day average₹1,547.59 ▼ price 0.3% below
- Today's price₹1,543.00
- 300-day average₹1,520.30 ▲ price 1.5% above
- 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.
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| 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 |
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹15,712 Cr | ▲ +4.2% | ₹1,465 Cr | 9.3% | ₹16.50 |
| Q4 FY26 | ₹15,076 Cr | ▲ +4.7% | ₹1,354 Cr | 9.0% | ₹15.24 |
| Q3 FY26 | ₹14,393 Cr | ▲ +2.8% | ₹1,122 Cr | 7.8% | ₹12.64 |
| Q2 FY26 | ₹13,995 Cr | ▲ +4.8% | ₹1,195 Cr | 8.5% | ₹13.46 |
| Q1 FY26 | ₹13,351 Cr | ▼ −0.2% | ₹1,141 Cr | 8.5% | ₹12.86 |
| Q4 FY25 | ₹13,384 Cr | ▲ +0.7% | ₹1,167 Cr | 8.7% | ₹13.15 |
| Q3 FY25 | ₹13,286 Cr | ▼ −0.2% | ₹983 Cr | 7.4% | ₹11.08 |
| Q2 FY25 | ₹13,313 Cr | — | ₹1,250 Cr | 9.4% | ₹14.10 |
Balance sheet — FY26
- 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
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
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 36,867.70 | 37,855.10 | 44,646.00 | 53,290.20 | 51,995.50 | 52,988.30 | 56,815.40 |
| Cost of revenue | 5,646.10 | 5,114.70 | 7,097.00 | 8,175.50 | 6,883.60 | 6,029.90 | 6,305.40 |
| Gross profit | 31,221.60 | 32,740.40 | 37,549.00 | 45,114.70 | 45,111.90 | 46,958.40 | 50,510.00 |
| Operating expenses | 32,616.90 | 32,402.80 | 38,104.90 | 47,424.70 | 48,837.80 | 47,784.60 | 49,916.90 |
| Operating income | 4,250.80 | 5,452.30 | 6,541.10 | 5,865.50 | 3,157.70 | 5,203.70 | 6,898.50 |
| Depreciation | 1,426.80 | 1,444.40 | 1,511.00 | 1,951.80 | 1,813.60 | 1,850.60 | 1,879.90 |
| Profit before tax | 5,057.80 | 5,952.90 | 7,452.10 | 6,445.50 | 3,224.40 | 5,653.20 | 6,573.10 |
| Tax | 1,160.40 | 1,599.90 | 1,822.00 | 1,588.50 | 827.60 | 1,400.20 | 1,767.60 |
| Net profit | 4,033.00 | 4,428.00 | 5,566.10 | 4,831.30 | 2,357.80 | 4,251.50 | 4,810.90 |
| EPS (₹) | 45.85 | 50.19 | 62.81 | 54.54 | 26.58 | 47.91 | 54.19 |
| Dividend per share (₹) | 15.00 | 15.00 | 15.00 | 32.00 | 40.00 | 45.00 | 51.00 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 37,353.50 | 39,678.00 | 44,870.70 | 46,153.30 | 43,423.60 | 44,494.50 | 49,369.40 |
| Current assets | 23,172.30 | 25,259.90 | 24,455.70 | 24,432.70 | 23,425.30 | 23,679.20 | 27,574.70 |
| Cash & short-term investments | 8,686.20 | 12,415.90 | 8,289.70 | 6,910.70 | 7,323.30 | 7,378.80 | 8,385.70 |
| Inventory | 35.80 | 24.20 | 40.50 | 23.60 | 37.50 | 39.40 | 104.20 |
| Property, plant & equipment | 3,884.00 | 3,588.70 | 3,784.60 | 4,043.00 | 3,619.30 | 3,919.70 | 4,432.60 |
| Total liabilities | 15,540.40 | 14,813.00 | 17,985.00 | 18,228.80 | 16,754.20 | 17,133.00 | 19,754.00 |
| Current liabilities | 10,925.70 | 10,277.50 | 12,504.80 | 13,321.00 | 12,616.60 | 12,674.00 | 14,497.50 |
| Total debt | 3,670.50 | 2,900.80 | 2,618.40 | 2,740.20 | 2,536.70 | 2,025.20 | 2,186.20 |
| Total equity | 21,813.10 | 24,865.00 | 26,885.70 | 27,924.50 | 26,669.40 | 27,361.50 | 29,615.40 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | 4,358.10 | 8,093.80 | 5,285.30 | 5,572.00 | 6,376.40 | 5,785.70 | 6,172.00 |
| From investing | 1,028.60 | −5,450.10 | 481.50 | −278.50 | −1,313.70 | 11.90 | −409.20 |
| From financing | −4,465.50 | −2,986.90 | −4,666.60 | −5,078.10 | −4,767.20 | −5,834.30 | −5,130.50 |
| Capital expenditure | −844.60 | −666.00 | −958.40 | −1,015.20 | −791.10 | −593.50 | −695.70 |
| Dividends paid | −2,491.70 | −1,759.40 | −3,981.30 | −4,263.30 | −3,917.00 | −3,876.90 | −4,025.50 |
| Net change in cash | 974.00 | −326.30 | 1,098.50 | 267.40 | 290.80 | −28.60 | 727.60 |
What Analysts Say
Recommendations from 39 analysts who cover Tech Mahindra.
▲ 23 bullish (59.0%) · 8 hold (20.5%) · ▼ 8 bearish (20.5%)
Votes
How the votes changed
| Rating | 3M ago | 2M ago | 1M ago | 1W ago | Now | 3-month change |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 10 | 10 | 10 | 10 | ▲ +2 |
| Buy | 17 | 14 | 13 | 13 | 13 | ▼ −4 |
| Hold | 7 | 8 | 9 | 8 | 8 | ▲ +1 |
| Sell | 6 | 5 | 5 | 5 | 5 | ▼ −1 |
| Strong Sell | 2 | 3 | 3 | 3 | 3 | ▲ +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.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield | Rating |
|---|---|---|---|---|---|---|---|---|---|
| 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.
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.
Valuation Is the price reasonable?
Profitability Of every ₹100 of sales, how much is kept?
Returns & efficiency How well does it use its money?
Growth Is the business getting bigger?
Financial strength Can it pay its bills and debts?
Per share What each share stands for
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
Per share
Margins
Growth
Financial strength
Returns & efficiency
Price & volume
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
- 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.
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Stock market today: Indian IT stocks are under pressure during the early morning session on Friday
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15 Sep 2026 · 3 min read · Mint ↗
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