Tech Mahindra Limited

Web: techmahindra.com NSE: TECHM BSE: 532755 SECTOR: Information Technology - It - Software

1553 8(0%)

Volume

10L as on 22, Jul

Open

1,550

High

1,566

Low

1,539

1,561

VWAP

1,562

52 Week High

1,854

52 Week Low

1,304

Viand Research Rating

Quality Score

77/100

Growth Score

55/100

Valuation Score

85/100

Momentum Score

70/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

1,52,203

No. of Shares

P/E

29.89

P/B

7.52

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

13.17

ROCE

Profit Growth

Listing Date

28-Aug-06

Promoter Holding

34.97%

FII Holding

18.59%

DII Holding

37.34%

Price Chart

Price Performance

1 Week4%

1 Month9%

3 Months7%

6 Months8%

1 Year1%

YTD3%

Moving Average

5 Day SMA1,559

10 Day SMA1,517

20 Day SMA1,469

30 Day SMA1,460

50 Day SMA1,457

61 Day SMA1,454

80 Day SMA1,453

200 Day SMA1,488

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	1,646	1,588	1,630	1,638
Resistance 2	1,630	1,584	1,614	1,626
Resistance 1	1,603	1,580	1,604	1,595
Pivot Point	1,588	1,576	1,588	1,584
Support 1	1,561	1,572	1,571	1,553
Support 2	1,545	1,568	1,561	1,541
Support 3	1,518	1,565	1,545	1,510

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	TCS	8,10,669	2241	1%	4%	30%	31%	16	36.5	0.11	49454
2	INFY	4,23,368	1043	2%	1%	37%	33%	15	36.5	0.1	29474
3	HCLTECH	3,37,119	1242	6%	9%	27%	19%	18	36.5	0.07	16652
4	WIPRO	1,72,778	174	0%	3%	28%	33%	15	36.5	0.23	13266
5	TECHM	1,52,203	1553	4%	9%	8%	1%	30	36.5	0.07	4806
6	LTIM	1,37,691	4644	2%	4%	33%	25%	38	36.5	0.1	4983
7	LTM	1,17,539	3963	2%	4%	33%	32%	27	36.5	0.1	4983
8	OFSS	93,489	10737	7%	12%	37%	24%	26	36.5	0	2639
9	PERSISTENT	78,717	4990	0%	5%	19%	9%	0	36.5	0.06	1865
10	COFORGE	64,003	1446	4%	1%	13%	20%	0	36.5	0.08	1745
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 34.97%	(0.01) 34.97%	(0.01) 34.98%	(0.01) 34.99%	(0.01) 35.00%	(0.01) 35.01%	(0.01) 35.02%	(0.01) 35.04%	(0.01) 35.08%	(0.01) 35.10%	(0.01) 35.13%	(0.01) 35.15%	(0.01) 35.17%	(0.01) 35.19%	(0.01) 35.21%	(0.01) 35.24%	(-0.41) 35.26%	(0.01) 35.67%	(0.01) 35.70%
FIIs	(0.61) 18.59%	(-2.71) 17.94%	(-2.71) 20.60%	(0.31) 23.28%	(-1.21) 22.95%	(0.51) 24.19%	(0.41) 23.67%	(-0.91) 23.27%	(-0.41) 24.15%	(-1.61) 24.58%	(0.51) 26.22%	(-1.21) 25.69%	(-1.11) 26.87%	(-0.31) 27.95%	(-2.21) 28.20%	(-3.81) 30.43%	(-1.11) 34.27%	(-0.21) 35.36%	(0.01) 35.55%
DIIs	(-0.41) 37.34%	(3.21) 37.79%	(2.51) 34.64%	(0.01) 32.13%	(1.41) 32.13%	(-0.21) 30.73%	(0.21) 30.90%	(1.21) 30.66%	(0.51) 29.42%	(1.91) 28.91%	(0.21) 27.03%	(1.21) 26.86%	(2.01) 25.68%	(0.11) 23.73%	(2.91) 23.61%	(2.71) 20.73%	(0.81) 18.05%	(0.31) 17.22%	(0.01) 16.90%
Government	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%
Public	8.94%	9.14%	9.61%	9.43%	9.74%	9.88%	10.23%	10.84%	11.16%	11.22%	11.44%	12.11%	12.07%	12.93%	12.81%	13.43%	12.25%	11.58%	11.67%
No. of Shareholders	738,055	739,883	766,782	748,176	761,701	761,383	774,997	826,284	848,484	867,373	885,590	929,827	936,534	992,238	973,207	889,606	731,453	609,640	590,450

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	15712	15076	14393	13995	13351	13384	13286	13313	13006	12871	13101	12864	13159	13718	13735	13130	12708	12116	11451	10881	10198
Sales Growth % (YoY)	17.7%	12.6%	8.3%	5.1%	2.7%	4%	1.4%	3.5%	-1.2%	-6.2%	-4.6%	-2%	3.6%	13.2%	19.9%	20.7%	24.6%	24.5%	18.7%	16.1%	12%
Sales Growth % (QoQ)	4.2%	4.7%	2.8%	4.8%	-0.2%	0.7%	-0.2%	2.4%	1%	-1.8%	1.8%	-2.2%	-4.1%	-0.1%	4.6%	3.3%	4.9%	5.8%	5.2%	6.7%	-
Expenses	12974	12511	12028	11830	11416	11545	11477	11563	11441	11772	11955	11950	11821	11915	11600	11185	10828	10028	9392	8887	8321
Operating Profit	2738	2565	2366	2165	1935	1839	1809	1750	1564	1099	1146	914	1338	1803	2135	1944	1880	2088	2059	1994	1876
OPM %	17	17	16	15	14	14	14	13	12	9	9	7	10	13	16	15	15	17	18	18	18
Other Income	-106	-205	-293	40	219	173	23	522	147	380	92	264	200	306	247	290	122	324	223	282	287
Interest	111	89	94	77	78	85	76	89	72	58	116	98	120	93	113	79	40	55	34	35	38
Depreciation	479	481	474	469	458	462	459	470	462	461	443	466	447	490	498	492	477	484	362	343	331
Profit before tax	2042	1791	1505	1659	1618	1464	1297	1714	1178	959	679	615	971	1525	1771	1664	1486	1873	1886	1898	1794
Tax %	27	24	26	28	30	22	24	27	27	31	23	18	28	26	27	22	23	18	27	29	24
Net Profit	1486	1356	1119	1202	1129	1142	989	1258	865	664	524	505	704	1125	1285	1299	1148	1545	1378	1341	1366
Net Profit Growth % (QoQ)	9.6%	21.2%	-6.9%	6.5%	-1.1%	15.5%	-21.4%	45.4%	30.3%	26.7%	3.8%	-28.3%	-37.4%	-12.5%	-1.1%	13.2%	-25.7%	12.1%	2.8%	-1.8%	-
Net Profit Growth % (YoY)	31.6%	18.7%	13.1%	-4.5%	30.5%	72%	88.7%	149.1%	22.9%	-41%	-59.2%	-61.1%	-38.7%	-27.2%	-6.7%	-3.1%	-16%	-	-	-	-
TTM Net Profit	5163	4806	4592	4462	4518	4254	3776	3311	2558	2397	2858	3619	4413	4857	5277	5370	5412	5630	4085	2707	0
EPS in Rs	14.95	13.82	11.45	12.19	11.65	11.92	10.05	12.78	8.71	6.77	5.23	5.06	7.1	11.47	13.32	13.21	11.64	15.49	14.1	13.81	13.97

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	56815	52988	51996	53290	44646	37855	36868	34742	30773	29141	26494	22621	18802	6873
Sales Growth %	7.2%	1.9%	-2.4%	19.4%	17.9%	2.7%	6.1%	12.9%	5.6%	10%	17.1%	20.3%	173.6%	25.2%
Expenses	47783	46024	47489	45527	36626	31059	31365	28471	26063	24956	22234	18428	14630	5451
Operating Profit	9033	6964	4506	7763	8020	6796	5503	6271	4710	4184	4260	4193	4172	1422
OPM %	16	13	9	15	18	18	15	18	15	14	16	19	22	21
Other Income	-240	864	927	965	1115	788	1192	534	1417	775	453	106	244	-141
Interest	337	322	392	326	163	174	192	133	162	129	97	69	80	103
Depreciation	1882	1853	1817	1957	1520	1458	1446	1129	1085	978	759	611	522	200
Profit before tax	6573	5653	3224	6446	7452	5953	5058	5543	4879	3853	3857	3618	3815	978
Tax %	27	25	26	25	24	27	23	23	22	26	22	27	20	24
Net Profit	4806	4253	2397	4857	5630	4353	3897	4289	3786	2851	3027	2659	3062	1307
Net Profit Growth %	13%	77.4%	-50.6%	-13.7%	29.3%	11.7%	-9.1%	13.3%	32.8%	-5.8%	13.8%	-13.2%	134.3%	-
EPS in Rs	49.1	43.43	24.14	49.6	57.27	45.73	41.76	43.7	38.78	28.88	30.92	27.35	32.44	25.13
Dividend Payout %	94	94	150	91	47	89	32	29	33	28	35	22	15	5

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	6172	5786	6376	5572	5285	8094	4358	4432	3554	4071	3137	2448	1596	855
Cash from Investing Activity	-314	-15	-1318	-226	480	-5433	1081	-2104	-3319	-2893	-1453	-1865	291	-622
Cash from Financing Activity	-5130	-5799	-4767	-5078	-4667	-2987	-4466	-2251	-269	-1571	-496	-829	-972	65
Net Cash Flow	728	-29	291	267	1098	-326	974	77	-35	-392	1188	-246	915	298

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	443	443	442	442	441	440	439	437	436	444	442	439	436	480	234	128
Reserves	29173	27061	26919	26004	26228	27484	26447	24428	21377	19841	18401	15998	14155	11768	8948	5298
Borrowings	2186	1954	2025	2035	2537	2740	2618	2901	3670	1996	2397	1366	1091	700	363	1380
Other Liabilities	17366	16370	14880	14346	13943	15162	14911	11836	11834	11166	9192	8254	6843	6899	6394	2178
Total Liabilities	49168	45828	44267	42827	43149	45827	44416	39602	37318	33446	30431	26057	22525	19848	15940	8984
Fixed Assets	14864	14262	13982	13818	13903	14932	14784	9018	8872	7061	7622	6460	4309	4033	2594	1245
CWIP	27	23	21	11	133	120	165	118	50	276	240	373	629	568	266	34
Investments	3426	3082	3182	2312	3238	3388	4884	10238	5848	7342	4841	2396	1297	2103	1472	4099
Other Assets	30851	28461	27082	26686	25875	27388	24583	20228	22548	18766	17728	16828	16289	13145	11607	3607
Total Assets	49168	45828	44267	42827	43149	45827	44416	39602	37318	33446	30431	26057	22525	19848	15940	8984

OI Chart

Price

Delivery

#	Date	1327 22% 1615	Value (Cr)	Q/T 40	Del 48	Del 280
1	22-Jul	1561	152	19	46	71
2	21-Jul	1576	418	30	43	178
3	20-Jul	1576	369	30	38	141
4	17-Jul	1573	1652	45	31	513
5	16-Jul	1510	442	28	41	183
6	15-Jul	1499	273	22	42	115
7	14-Jul	1484	302	22	51	155
8	13-Jul	1504	342	28	33	113
9	10-Jul	1455	252	29	48	122
10	9-Jul	1426	197	23	49	96
11	8-Jul	1429	214	24	43	92
12	7-Jul	1448	588	40	43	255
13	6-Jul	1406	162	23	41	66
14	3-Jul	1410	406	37	32	129
15	2-Jul	1421	427	35	38	165
16	1-Jul	1362	518	39	61	315
17	30-Jun	1405	342	30	47	161
18	29-Jun	1434	355	36	65	229
19	25-Jun	1437	369	36	62	229
20	24-Jun	1462	502	38	36	179
21	23-Jun	1416	340	26	53	179
22	22-Jun	1435	310	30	43	132
23	19-Jun	1410	812	22	41	334
24	18-Jun	1448	329	38	46	151
25	17-Jun	1462	312	33	41	129
26	16-Jun	1447	286	36	47	133
27	15-Jun	1426	276	31	49	136
28	12-Jun	1429	353	31	49	172
29	11-Jun	1465	305	19	42	127
30	10-Jun	1479	161	17	53	85
31	9-Jun	1484	197	17	47	93
32	8-Jun	1503	369	28	42	155
33	5-Jun	1484	328	26	37	120
34	4-Jun	1487	306	29	50	152
35	3-Jun	1472	522	29	43	225
36	2-Jun	1571	656	23	34	224
37	1-Jun	1543	810	40	38	310
38	29-May	1484	587	43	60	355
39	27-May	1456	267	30	57	153
40	26-May	1459	250	29	57	142
41	25-May	1436	127	26	32	40
42	22-May	1422	93	16	37	35
43	21-May	1420	143	22	42	60
44	20-May	1439	323	30	46	147
45	19-May	1467	994	46	53	526
46	18-May	1430	867	56	59	508
47	15-May	1370	728	63	62	449
48	14-May	1343	314	20	49	155

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	1,52,203c	529c	0.35
22-Jul	1,52,732c	1,862c	1.20
21-Jul	1,54,594c	715c	0.46
17-Jul	1,53,879c	5,341c	3.60
16-Jul	1,48,538c	2,754c	1.89
15-Jul	1,45,784c	1,931c	1.31
14-Jul	1,47,714c	196c	0.13
13-Jul	1,47,518c	5,165c	3.63
10-Jul	1,42,353c	1,980c	1.41
09-Jul	1,40,374c	617c	0.44
08-Jul	1,39,756c	2,450c	1.72
07-Jul	1,42,206c	4,214c	3.05
06-Jul	1,37,992c	637c	0.46
02-Jul	1,37,355c	392c	0.28
30-Jun	1,37,747c	3,803c	2.69
29-Jun	1,41,550c	451c	0.32
26-Jun	1,41,099c	470c	0.33
25-Jun	1,41,569c	1,647c	1.15
24-Jun	1,43,216c	4,440c	3.20
23-Jun	1,38,776c	2,337c	1.66
22-Jun	1,41,113c	2,548c	1.84
19-Jun	1,38,566c	3,312c	2.33
18-Jun	1,41,878c	960c	0.67
17-Jun	1,42,838c	745c	0.52
16-Jun	1,42,093c	2,264c	1.62
15-Jun	1,39,830c	608c	0.43
12-Jun	1,40,437c	3,077c	2.14
11-Jun	1,43,514c	1,637c	1.13
10-Jun	1,45,151c	0	0

Stock Checklist

Price is below from 52 week high low average: 9%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 733 fund scheme(s) across 46 fund house(s) as of Jul26 · Total value ₹42,984 Cr · 45 increasing / 160 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
SBI Mutual Fund	31	3.14%	+0.18%	6976.5
ICICI Prudential Mutual Fund	44	5.85%	+0.05%	5826
Aditya Birla Sun Life Mutual Fund	46	2.54%	-	5075
Kotak Mahindra Mutual Fund	42	2.51%	-0.02%	4714.8
Tata Mutual Fund	18	12.48%	-	2509.9
HDFC Mutual Fund	36	1.70%	-0.05%	2213.8
Axis Mutual Fund	46	1.19%	-	1984.4
UTI Mutual Fund	24	1.57%	-	1894
Canara Robeco Mutual Fund	18	1.55%	-	1794.7
Nippon India Mutual Fund	32	1.35%	-	1567
ICICI Prudential Asset Management Company Limited	3	0.48%	+0.48%	1183.5
HSBC Mutual Fund	20	1.63%	-	1061.1
quant Mutual Fund	16	2.86%	-	822.5
Edelweiss Mutual Fund	27	5.69%	-	742.7
Baroda BNP Paribas Mutual Fund	34	4.25%	-	719.3
Mahindra Manulife Mutual Fund	26	1.71%	-0.07%	599
Invesco Mutual Fund	17	1.54%	+0.35%	592.9
Bandhan Mutual Fund	22	2.99%	-	334.3
PGIM India Mutual Fund	18	0.89%	-	323.8
Sundaram Mutual Fund	18	1.16%	-0.05%	303.9
360 ONE Mutual Fund	10	2.19%	-	289.3
WhiteOak Capital Mutual Fund	26	29.86%	+0.20%	283
DSP Mutual Fund	14	2.12%	-	239.8
JM Financial Mutual Fund	12	6.09%	-0.20%	229.2
NJ Mutual Fund	4	0.97%	-0.03%	113.6
Motilal Oswal Mutual Fund	10	1.17%	-	109.4
Mirae Asset Mutual Fund	16	1.37%	-	95.6
Quantum Mutual Fund	8	2.93%	-0.04%	83.6
Navi Mutual Fund	10	0.91%	-	75.1
Bajaj Finserv Mutual Fund	4	89.89%	+0.07%	68.3
Jio BlackRock Mutual Fund	3	16.16%	-	38.6
LIC Mutual Fund	16	0.97%	-	32
Bank of India Mutual Fund	11	0.53%	-	21
Franklin Templeton Mutual Fund	2	0.81%	-0.05%	11.8
PGIM India Asset Management Private Limite	2	2.12%	+1.78%	11.5
PPFAS Mutual Fund	2	0.69%	-	9.6
Shriram Mutual Fund	6	1.29%	-	8.9
Zerodha Mutual Fund	5	36.72%	-0.01%	6.6
Groww Mutual Fund	6	2.79%	-	5
Unifi Mutual Fund	4	1.18%	-	4.4
Union Mutual Fund	6	0.29%	-	3.9
The Wealth Company Mutual Fund	4	1.96%	-	3.6
Angel One Mutual Fund	4	0.67%	-	1
Taurus Mutual Fund	2	0.83%	+0.03%	0.1
Trust Mutual Fund	6	0.00%	-0.91%	0
ITI Mutual Fund	2	0.00%	-0.92%	0

Strategy Builder

Bulk Deals

Events

Date	Purpose
16-Jul-26	Q1 2027