TECH Mahindra Limited
F&O₹1,551.30▼ -12.70 (-0.81%)
TECHM·NSE·Information Technology
Market Cap
152733.71 Cr
PE Ratio
31.59
Volume
14,55,389
Day High - Low
1569.90 - 1541.40
52W High-Low
1854.00 - 1304.10
₹1,551.30▼ -12.70 (-0.81%)
Market Cap152733.71 Cr
PE Ratio31.59
Volume14,55,389
Day High - Low1569.90 - 1541.40
52W High-Low1854.00 - 1304.10
DocStoX Intelligence: Tech Mahindra Limited (TECHM)
DocStoX rates TECHM as “hold”, scoring 6.7/10 with 85% confidence.
Tech Mahindra Limited (TECHM) is a large-cap Information Technology company valued at ₹1.53 lakh crore operating in Computer Software & Consulting on the NSE and BSE.
- What changed?
- Tech Mahindra Limited last traded at ₹1,551.3, modestly down 0.81% on the day.
- Recent developments
- On 2026-09-07, the company's shares fell over 2% along with the IT index, amid broader market concerns. On 2026-08-21, Tech Mahindra expanded its AI partnership with ServiceNow using a 'Client Zero' model, allowing it to run ServiceNow's AI platform internally. On 2026-07-24, the company was highlighted as part of India's IT recovery, alongside Infosys and HCL Tech. On 2026-07-21, the company reported sustained gains in its performance.
- Is the business improving?
- The company's business has improved, with annual revenue rising 7.2% and net profit growing 13.0% year-on-year. The latest quarter saw revenue jump 17.7% and net profit surge 31.6% compared to the same quarter a year earlier, driven by stronger performance in consulting and enterprise solutions. Margins have widened, with the net profit margin rising 0.4 percentage points to 8.5%, and returns remain strong at 17.5% return on equity and 23.0% return on capital employed.
- Is it expensive?
- The stock trades at 31.6 times earnings, a premium to the Information Technology median of 21.7, 4.71 times book value. It yields 3.2%.
- What could go wrong?
- The stock is 15.9% below its 52-week high, reflecting a pullback from recent peak levels. While the company remains almost debt-free with a debt-to-equity ratio of 0.07, the recent market decline and broader IT sector weakness could pressure valuations. The company's profit growth has slowed in recent years, with a 0.3% annual decline over the past three years.
- DocStoX conclusion
- DocStoX rates TECHM as “hold”, scoring 6.7/10 with 85% confidence.
Analysis written by DocStoX's model on 2026-09-08 from company filings and market data · verdict updated 2026-09-08. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.
DocStoX Score
5.2/10
Weak
Fair Value
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ROE
17.50%
Strong
P/E
31.59x
Fair
Debt / Equity
0.07
Low
Industry
Information Technology
Computer Software & Consulting
Overall View
Mixed
Price performance
NIFTY 50NIFTY 100NIFTY 200
Day₹1541
₹1570
52W₹1304
₹1854
DocStoX take
Supported by risk (9.8) and quality (6.8), but held back by valuation (2.0). Risk looks strong at 9.8, but that is offset by valuation at 2.0 and growth at 2.6. We are calling it Mixed rather than resolving the conflict for you.
DocStoX score
Low confidence5.2
/10
Weak
Quality
Solid
ROE 17.5%
Valuation
Expensive
P/E 31.6×
Growth
Flat
Revenue +8.5% 5Y CAGR
Risk
Low risk
D/E 0.07
Momentum
Soft
45% of 52-week range
At a glance
Market Cap
₹1.53L Cr
52W High / Low
₹1854 / ₹1304
Dividend Yield
3.19%
Promoter Holding
34.97%
EPS (TTM)
₹49.10
Book Value
₹302.00
Key highlights
- Low leverage — D/E 0.07
- Profitable in all of the last 5 years
- Capital works hard — ROCE 23%
- Valuation is weak (2.0/10)
3 Positives1 Watchout
Growth
Financials
Technicals
Peers
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Forecasts
About the company
More data
Filings, corporate actions and ownership detail — opened on demand.
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TECH MAHINDRA LIMITED peers in Information Technology
Other Information Technology stocks on the NSE & BSE. See the full Information Technology sector list.
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