Tech Mahindra (TECHM.NS) Stock Price

Tech Mahindra Price

NSE·CLOSED
1,642.40INR-8.90 (-0.54 %)
Market closed

Revenue has compounded at 21.7% per year over the past 19 years to 529.88 B INR. Earnings per share have grown at 13.0% per year over the last 19 years. Tech Mahindra's net margin stands at 8.0%, down from 11.7% several years earlier. Tech Mahindra currently offers a dividend yield of about 2.74%. The payout ratio is around 94% of earnings. The dividend has grown at 20.8% per year over the past 18 years. Analysts set a median price target of 1,817.13 INR, implying 10.6% above the current price. Of 49 analysts, 30 rate the stock a buy — an overall Buy consensus. The stock trades about 23% above its 52-week low.

Tech Mahindra stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Tech Mahindra over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Tech Mahindra stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Tech Mahindra's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Tech Mahindra Stock Price History
DateTech Mahindra Price
8/4/20261,642.40 INR
7/31/20261,651.30 INR
7/30/20261,665.50 INR
7/28/20261,620.40 INR
7/27/20261,575.00 INR
7/24/20261,559.50 INR
7/23/20261,558.00 INR
7/22/20261,560.60 INR
7/21/20261,576.30 INR
7/20/20261,576.40 INR
7/17/20261,545.80 INR
7/15/20261,498.70 INR
7/14/20261,484.30 INR
7/13/20261,504.50 INR
7/10/20261,454.80 INR
7/9/20261,426.30 INR
7/8/20261,428.80 INR
7/7/20261,447.50 INR
7/6/20261,406.50 INR
7/3/20261,409.90 INR
7/2/20261,421.30 INR
7/1/20261,362.20 INR
6/30/20261,404.70 INR
6/29/20261,433.80 INR
6/25/20261,437.10 INR
6/24/20261,461.60 INR
6/23/20261,415.60 INR
6/22/20261,435.20 INR
6/19/20261,409.60 INR
6/18/20261,447.70 INR
6/17/20261,462.40 INR
6/16/20261,446.80 INR
6/15/20261,431.50 INR
6/12/20261,429.20 INR
6/11/20261,465.10 INR
6/10/20261,483.50 INR
6/9/20261,483.80 INR
6/8/20261,503.40 INR
6/5/20261,483.50 INR
6/4/20261,487.30 INR
6/3/20261,472.30 INR
6/2/20261,571.40 INR
6/1/20261,543.20 INR
5/29/20261,483.90 INR
5/27/20261,455.60 INR
5/26/20261,458.70 INR
5/25/20261,435.50 INR
5/22/20261,422.20 INR
5/21/20261,420.00 INR
5/20/20261,467.50 INR
5/19/20261,467.10 INR
5/18/20261,430.00 INR
5/15/20261,370.50 INR
5/14/20261,343.40 INR
5/13/20261,375.00 INR
5/12/20261,392.90 INR
5/11/20261,457.40 INR
5/8/20261,463.00 INR
5/7/20261,448.20 INR
5/6/20261,466.70 INR
5/5/20261,452.20 INR
5/4/20261,471.60 INR
5/1/20261,473.50 INR
4/30/20261,473.50 INR
4/29/20261,459.80 INR
4/28/20261,408.10 INR
4/27/20261,396.10 INR
4/24/20261,358.50 INR
4/23/20261,421.50 INR
4/22/20261,462.60 INR
4/21/20261,500.80 INR
4/20/20261,504.40 INR
4/17/20261,511.40 INR
4/16/20261,491.00 INR
4/15/20261,483.80 INR
4/13/20261,435.40 INR
4/10/20261,440.20 INR
4/9/20261,461.60 INR
4/8/20261,451.40 INR
4/7/20261,473.40 INR
4/6/20261,449.50 INR
4/2/20261,441.50 INR
4/1/20261,405.70 INR
3/30/20261,414.70 INR
3/27/20261,386.70 INR
3/25/20261,403.50 INR
3/24/20261,433.00 INR
3/23/20261,389.00 INR
3/20/20261,386.30 INR
3/19/20261,340.60 INR
3/18/20261,382.70 INR
3/17/20261,339.70 INR
3/16/20261,340.90 INR
3/13/20261,332.00 INR
3/12/20261,354.30 INR
3/11/20261,334.20 INR
3/10/20261,339.00 INR
3/9/20261,333.10 INR
3/6/20261,335.60 INR
3/5/20261,333.30 INR
2/27/20261,354.30 INR
2/26/20261,363.00 INR
2/25/20261,356.00 INR
2/24/20261,352.00 INR
2/23/20261,437.20 INR
2/19/20261,479.30 INR
2/18/20261,500.00 INR
2/17/20261,523.80 INR
2/16/20261,513.90 INR
2/13/20261,534.40 INR
2/12/20261,529.80 INR
2/11/20261,634.40 INR
2/10/20261,646.00 INR
2/9/20261,621.70 INR
2/6/20261,619.90 INR
2/5/20261,645.00 INR
2/4/20261,639.00 INR
2/3/20261,712.70 INR
2/2/20261,724.00 INR
1/30/20261,735.20 INR
1/29/20261,765.10 INR
1/28/20261,762.90 INR
1/27/20261,748.00 INR
1/23/20261,700.70 INR
1/22/20261,690.30 INR
1/20/20261,675.70 INR
1/19/20261,710.40 INR
1/16/20261,672.00 INR
1/14/20261,592.20 INR
1/13/20261,610.00 INR
1/12/20261,586.10 INR
1/9/20261,583.20 INR
1/8/20261,575.90 INR
1/7/20261,625.20 INR
1/6/20261,601.80 INR
1/5/20261,598.80 INR
1/2/20261,612.00 INR
1/1/20261,607.00 INR
12/31/20251,590.90 INR
12/30/20251,602.80 INR
12/29/20251,613.90 INR
12/26/20251,612.50 INR
12/24/20251,631.50 INR
12/23/20251,631.50 INR
12/22/20251,642.50 INR
12/19/20251,609.00 INR
12/18/20251,605.00 INR
12/17/20251,579.40 INR
12/16/20251,575.00 INR
12/15/20251,575.40 INR
12/12/20251,578.40 INR
12/11/20251,568.20 INR
12/10/20251,548.20 INR
12/9/20251,561.60 INR
12/8/20251,590.00 INR
12/5/20251,569.00 INR
12/4/20251,565.00 INR
12/3/20251,540.60 INR
12/2/20251,533.00 INR
12/1/20251,528.40 INR
11/28/20251,517.30 INR
11/27/20251,506.00 INR
11/26/20251,521.10 INR
11/25/20251,497.00 INR
11/24/20251,496.80 INR
11/21/20251,461.50 INR
11/20/20251,460.00 INR
11/19/20251,433.90 INR
11/18/20251,420.70 INR
11/17/20251,452.80 INR
11/14/20251,439.20 INR
11/13/20251,451.40 INR
11/12/20251,456.10 INR
11/11/20251,406.80 INR
11/10/20251,396.80 INR
11/7/20251,387.20 INR
11/6/20251,413.60 INR
11/4/20251,407.80 INR
11/3/20251,419.70 INR
10/31/20251,424.00 INR
10/30/20251,433.80 INR
10/29/20251,455.50 INR
10/28/20251,446.30 INR
10/27/20251,462.80 INR
10/24/20251,453.70 INR
10/23/20251,465.30 INR
10/21/20251,448.70 INR
10/20/20251,446.00 INR
10/17/20251,447.60 INR
10/16/20251,460.00 INR
10/15/20251,455.00 INR
10/14/20251,468.90 INR
10/13/20251,456.00 INR
10/10/20251,457.20 INR
10/9/20251,466.60 INR
10/8/20251,456.10 INR
10/7/20251,441.00 INR
10/6/20251,439.60 INR
10/3/20251,398.00 INR
10/1/20251,418.00 INR
9/30/20251,397.00 INR
9/29/20251,410.70 INR
9/26/20251,407.70 INR
9/25/20251,444.30 INR
9/24/20251,452.40 INR
9/23/20251,471.90 INR
9/22/20251,507.20 INR
9/19/20251,553.80 INR
9/18/20251,550.90 INR
9/17/20251,548.70 INR
9/16/20251,531.50 INR
9/15/20251,520.00 INR
9/12/20251,525.50 INR
9/11/20251,521.20 INR
9/10/20251,526.00 INR
9/9/20251,496.50 INR
9/8/20251,460.00 INR
9/5/20251,477.90 INR
9/4/20251,496.90 INR
9/3/20251,508.20 INR
9/2/20251,512.80 INR
9/1/20251,505.40 INR
8/29/20251,481.40 INR
8/28/20251,494.40 INR
8/26/20251,504.60 INR
8/25/20251,526.80 INR
8/22/20251,505.00 INR
8/21/20251,520.60 INR
8/20/20251,526.00 INR
8/19/20251,499.60 INR
8/18/20251,470.50 INR
8/14/20251,486.70 INR
8/13/20251,504.00 INR
8/12/20251,511.20 INR
8/11/20251,481.00 INR
8/8/20251,482.00 INR
8/7/20251,488.10 INR
8/6/20251,459.00 INR
8/5/20251,485.40 INR
Access this data via the Eulerpool API
Get Free API Key

Tech Mahindra Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
532.90 B INR
61.07 B INR
48.31 B INR
Jan 1, 2024
519.96 B INR
31.83 B INR
23.58 B INR
Jan 1, 2025
529.88 B INR
51.67 B INR
42.52 B INR
Jan 1, 2026 (e)
567.31 B INR
64.69 B INR
51.56 B INR
Jan 1, 2027 (e)
633.45 B INR
72.23 B INR
68.23 B INR
Jan 1, 2028 (e)
669.24 B INR
76.31 B INR
77.00 B INR
Jan 1, 2029 (e)
714.31 B INR
81.45 B INR
84.31 B INR
Jan 1, 2030 (e)
772.83 B INR
88.12 B INR
100.02 B INR

Tech Mahindra Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 4, 2026, 9:29 PM
 
REVENUEB INR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB INR
EBITB INR
EBIT MARGIN%
NET INCOMEB INR
NET INCOME GROWTH%
DIV.INR
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
226.21264.94291.41307.73347.42368.68378.55446.46532.90519.96529.88567.31633.45669.24714.31772.83
20.1317.129.995.6012.906.122.6817.9419.36-2.431.917.0611.665.656.738.19
86.8085.8886.9686.7386.9184.6986.4984.1084.6686.7688.6288.6288.6288.6288.6288.62
196.36227.53253.42266.90301.93312.22327.40375.49451.15451.12469.58502.75561.37593.08633.02684.88
35.9735.1932.4136.9152.5643.3954.4365.5161.0731.8351.6764.6972.2376.3181.4588.12
15.9013.2811.1211.9915.1311.7714.3814.6711.466.129.7511.4011.4011.4011.4011.40
26.2829.9328.1338.0042.9840.3344.2855.6648.3123.5842.5251.5668.2377.0084.31100.02
-13.2413.90-6.0135.0813.10-6.169.7925.70-13.20-51.2080.3221.2732.3212.869.4918.63
6.006.009.0014.0014.0030.0030.0033.0044.0043.0045.0045.0052.9262.24––
-70.00–50.0055.56–114.29–10.0033.33-2.274.65–17.6017.61––
983.00888.00889.00891.00901.00880.00882.00886.00886.00887.20887.46887.46887.46887.46887.46887.46
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Tech Mahindra generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Tech Mahindra retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Tech Mahindra's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Tech Mahindra has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Tech Mahindra's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Tech Mahindra stock margins

The Tech Mahindra margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Tech Mahindra. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Tech Mahindra.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
86.49 %
14.38 %
11.70 %
Jan 1, 2022
84.10 %
14.67 %
12.47 %
Jan 1, 2023
84.66 %
11.46 %
9.07 %
Jan 1, 2024
86.76 %
6.12 %
4.53 %
Jan 1, 2025
88.62 %
9.75 %
8.02 %
Jan 1, 2026 (e)
88.62 %
11.40 %
9.09 %
Jan 1, 2027 (e)
88.62 %
11.40 %
10.77 %
Jan 1, 2028 (e)
88.62 %
11.40 %
11.51 %

Tech Mahindra Stock Revenue, EBIT, Earnings per Share

The Tech Mahindra earnings per share therefore indicates how much revenue Tech Mahindra has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
429.20 INR
61.72 INR
50.20 INR
Jan 1, 2022
503.91 INR
73.93 INR
62.82 INR
Jan 1, 2023
601.47 INR
68.93 INR
54.53 INR
Jan 1, 2024
586.06 INR
35.88 INR
26.58 INR
Jan 1, 2025
597.07 INR
58.22 INR
47.91 INR
Jan 1, 2026 (e)
639.24 INR
72.89 INR
58.10 INR
Jan 1, 2027 (e)
713.78 INR
81.39 INR
76.88 INR
Jan 1, 2028 (e)
754.11 INR
85.99 INR
86.77 INR

Tech Mahindra business model & stock analysis

Tech Mahindra Ltd is a multinational IT company headquartered in Pune, India. The company was founded in 1986 and has since become one of the world's leading providers of IT services and business process outsourcing (BPO). Tech Mahindra's history dates back to 1986 when it was established as a joint venture between Mahindra & Mahindra and British Telecom. The company initially focused on developing software and IT solutions for the telecommunications sector and later expanded its offerings to other industries such as retail, healthcare, banking, and financial services. Tech Mahindra's business model is based on providing IT services, solutions, and products to global companies. The company strives to offer innovative and transformative solutions tailored to the specific requirements of each client. Tech Mahindra offers a wide range of IT services, including software development, system integration, network and infrastructure services, cloud computing, analytics, and other digital services. Tech Mahindra is divided into various divisions to cater to a broad range of industries and customer needs. These divisions include telecommunications, automotive, healthcare, retail, banking and financial services, and energy and utilities. In the telecommunications division, Tech Mahindra provides a variety of solutions and services for telecommunications providers. This includes network design and optimization, IT system development, customer service and support, and telecommunications software development. The automotive division offers innovative solutions and technologies for automobile manufacturers and suppliers. This includes software development, telematics, intelligent mobility, connected vehicles, and lightweight construction. Tech Mahindra's healthcare division provides IT solutions and services to companies in the healthcare industry. This includes the implementation of patient information and management systems, outsourcing of administrative services, and the development of health apps and software. In the retail sector, Tech Mahindra offers innovative technologies and solutions for retailers. This includes system integration, customer service and support, and the development of retail apps and software. In the banking and financial services industry, Tech Mahindra offers its clients IT solutions and services for banking software development, risk and compliance management, and financing. The energy and utilities division covers IT solutions for the optimization of utility infrastructures, development of smart grid solutions, power and gas network management, and energy conversion. In summary, Tech Mahindra offers its clients a wide range of IT services, solutions, and products for various industries and customer needs. The company has become a global leader in IT services and BPO through its focus on innovative and transformative solutions, technological expertise, and extensive industry know-how. Tech Mahindra is a multinational IT company based in Pune, India. It was established in 1986 as a joint venture between Mahindra & Mahindra and British Telecom. The company started by developing software and IT solutions for the telecommunications sector and expanded its services to other industries over the years. Tech Mahindra provides IT services, solutions, and products to global companies, aiming to offer innovative and tailored solutions. Their services include software development, system integration, network and infrastructure services, cloud computing, analytics, and digital services. The company is divided into divisions that cater to different industries such as telecommunications, automotive, healthcare, retail, banking and financial services, and energy and utilities. In each division, Tech Mahindra offers specific solutions and services tailored to the needs of the industry. They have become a global leader in IT services and business process outsourcing (BPO) by focusing on innovation, technological expertise, and industry knowledge.

Tech Mahindra SWOT Analysis

Strengths

1. Strong brand reputation: Tech Mahindra is a well-known and respected brand in the IT services industry.

2. Diverse service offerings: The company provides a wide range of services including consulting, digital solutions, and network services.

3. Global presence: Tech Mahindra operates in multiple countries, allowing it to serve clients worldwide.

4. Strategic partnerships: The company has formed strategic alliances with major technology partners, enhancing its capabilities.

Weaknesses

1. Dependence on clients in the telecommunications industry: A significant portion of Tech Mahindra's revenue comes from telecom clients, which exposes the company to industry-specific risks.

2. Limited market share compared to competitors: Tech Mahindra lags behind some of its larger competitors in terms of market share.

3. Reliance on outsourcing contracts: The company heavily relies on outsourcing contracts, which can be subject to pricing pressures and client relationships.

Opportunities

1. Growing demand for digital transformation: Tech Mahindra can capitalize on the increasing need for digital solutions as businesses undergo digital transformation.

2. Expansion into new markets: The company has the opportunity to enter emerging markets and diversify its client base.

3. Technological advancements: Advancements in technologies like artificial intelligence and IoT present new opportunities for Tech Mahindra to offer innovative solutions.

Threats

1. Intense competition: The IT services industry is highly competitive, with numerous players vying for market share.

2. Economic instability: Tech Mahindra's business can be negatively affected by economic downturns or recessions in its key markets.

3. Rapid technological changes: Keeping up with rapid advancements in technology can be challenging and require significant investments.

Tech Mahindra Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Tech Mahindra historical P/E ratio, EBIT multiple, and P/S ratio

Tech Mahindra annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Tech Mahindra shares outstanding

The number of shares of Tech Mahindra was 887.46 M in 2025. This indicates how many shares Tech Mahindra is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
882.00 M Stocks
Jan 1, 2022
886.00 M Stocks
Jan 1, 2023
886.00 M Stocks
Jan 1, 2024
887.20 M Stocks
Jan 1, 2025
887.46 M Stocks
Jan 1, 2026 (e)
887.46 M Stocks
Jan 1, 2027 (e)
887.46 M Stocks
Jan 1, 2028 (e)
887.46 M Stocks

Tech Mahindra Dividend History

20 years of dividend payments

YearAnnual DividendYoY ChangePayments
202636.00INRYTD—1×
Jul 3, 202636.00INR↑ 140.0%1/1
202545.00INR↑ 4.7%2×
Jul 4, 202530.00INR↑ 100.0%1/2
Oct 20, 202515.00INR↓ 50.0%2/2
202443.00INR↓ 2.3%2×
202344.00INR↑ 33.3%2×
202233.00INR↑ 10.0%2×
202130.00INR 0.0%2×
202030.00INR↑ 114.3%3×
201914.00INR 0.0%1×
201814.00INR↑ 55.6%1×
20179.00INR↑ 50.0%1×

Tech Mahindra dividend history and estimates

In 2025, Tech Mahindra paid a dividend amounting to 45.00 INR. Dividend means that Tech Mahindra distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021
30.00 INR
0.00 INR
0.00 INR
Jan 1, 2022
33.00 INR
0.00 INR
15.00 INR
Jan 1, 2023
44.00 INR
0.00 INR
15.00 INR
Jan 1, 2024
43.00 INR
0.00 INR
18.00 INR
Jan 1, 2025
45.00 INR
0.00 INR
0.00 INR
Jan 1, 2026
45.00 INR
0.00 INR
0.00 INR
Jan 1, 2027 (e)
0.00 INR
52.92 INR
0.00 INR
Jan 1, 2028 (e)
0.00 INR
62.24 INR
0.00 INR

Tech Mahindra dividend payout ratio

In 2025, Tech Mahindra had a payout ratio of 93.93%. The payout ratio indicates the percentage of the company's profits that Tech Mahindra distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
59.77 %
Jan 1, 2022
52.54 %
Jan 1, 2023
80.67 %
Jan 1, 2024
161.80 %
Jan 1, 2025
93.93 %
Jan 1, 2026 (e)
77.45 %
Jan 1, 2027 (e)
68.84 %
Jan 1, 2028 (e)
71.74 %

Current Tech Mahindra forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
11.34 %
Buy
61.22 % (30)
Hold
14.29 % (7)
Sell
24.49 % (12)
12M Price Target
1,817.13
Last Price
1,651.30
Currency
INR
12M Return Potential
10.04 %
LTM Return
0 %

Tech Mahindra Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
4/25/202411.88INR-134.55 BINR-2024 Q4
1/29/20249.41INR-131.85 BINR-2024 Q3

EESG©

Eulerpool ESG Scorecard© for the Tech Mahindra stock

87/100
99
Environment
99
Social
62
Governance
E

Environment

20
Scope 1 - Direct Emissions12,435
Scope 2 - Indirect emissions from purchased energy76,735
Scope 3 - Indirect emissions within the value chain37,774.96
Total CO₂ emissions89,170
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees34.47
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Tech Mahindra shareholder structure

% Name
2.37406%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
2.22739%
ICICI Prudential Asset Management Co. Ltd.
ICICI Prudential Asset Management Co. Ltd.
1.79278%
Aditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
1.78159%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.58907%
Stewart Investors
Stewart Investors
1.44273%
UTI Asset Management Co. Ltd.
UTI Asset Management Co. Ltd.
...

Tech Mahindra Beneficial Ownership Filings (SEC 13D/G)

Free Float
54.7%
Float Shares
-
Shares Outstanding
-

Tech Mahindra Executives and Management Board

19 members · avg. age 55 · 26 % women

AK

Mr. Anil Khatri

Compliance Officer, Company Secretary

6.93 M INR

Management

MJ

Mr. Mohit Joshi (49)

Chief Executive Officer, Managing Director, Executive Director · since 2023

1.83 M INR
RA

Mr. Rohit Anand

Chief Financial Officer

–
AS

Mr. Atul Soneja (51)

Chief Operating Officer

–
RL

Mr. Richard Lobo (52)

Chief People Officer

–
PD

Mr. Peeyush Dubey

Chief Marketing Officer

–
NA

Mr. Nitesh Aggarwal

Chief Strategy Officer

–

Board of Directors

AM

Mr. Anand Mahindra (69)

Non-Executive Chairman of the Board

14.18 M INR
MK

Dr. Mukti Khaire

Non-Executive Independent Director

10.84 M INR
PF

Ms. Penelope Fowler

Non-Executive Independent Director

9.17 M INR
HK

Mr. Haigreve Khaitan (54)

Non-Executive Independent Director

9.17 M INR
SS

Ms. Shikha Sharma

Non-Executive Independent Director

9.17 M INR
AS

Dr. Anish Shah

Non-Executive Director

7.92 M INR

Frequently asked questions about Tech Mahindra

The business model of Tech Mahindra Ltd revolves around providing information technology services and solutions to clients worldwide. Tech Mahindra operates as a subsidiary of Mahindra Group, specializing in digital transformation, consulting, and business process outsourcing. Their services span across various industries, including telecommunications, healthcare, banking, and more. Leveraging their expertise in cutting-edge technologies like artificial intelligence, cloud computing, and data analytics, Tech Mahindra assists organizations in enhancing their operational efficiency, customer experience, and overall business performance. With a strong focus on innovation and delivering value-driven solutions, Tech Mahindra continues to be a trusted partner for businesses seeking effective IT strategies and services.

Tech Mahindra Ltd is primarily active in the information technology industry.

Tech Mahindra Ltd faces competition from various players in the market. Some of its main competitors include Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, and Accenture. These companies operate in the IT services sector and offer similar solutions to clients worldwide. However, Tech Mahindra Ltd differentiates itself through its focus on digital transformation and expertise in areas like telecommunications and cloud services. By continuously innovating and delivering value-added services, Tech Mahindra Ltd remains competitive in the market and continues to attract clients globally.

Tech Mahindra Ltd is an Indian multinational technology company specializing in information technology services and consulting. It was founded in 1986 as a joint venture between Mahindra & Mahindra and British Telecom. Over the years, Tech Mahindra has grown into a global leader in digital transformation, operating in various industries such as telecommunications, healthcare, banking, and more. With a strong focus on innovation and cutting-edge technology solutions, the company has established itself as a trusted partner for digital transformation and business process outsourcing. Tech Mahindra's continuous growth and commitment to delivering high-quality services have garnered recognition and numerous accolades in the IT industry.

Tech Mahindra Ltd has achieved significant milestones throughout its history. The company has become a global leader in digital transformation, IT services, and consulting. It has successfully expanded its operations across various industries, including telecommunications, healthcare, and manufacturing. Tech Mahindra has continuously focused on innovation and research, leading to the development of cutting-edge solutions and technologies. The company has also received numerous accolades and awards for its exceptional performance and contributions to the industry. With its strong commitment to quality and excellence, Tech Mahindra continues to drive growth and success in the global market.

Tech Mahindra Ltd is primarily present in various countries and regions. The company has a strong global presence with a significant presence in India, its home country. Additionally, Tech Mahindra operates in North America, including the United States and Canada, where it has established a substantial client base. The company also has a significant presence in Europe, specifically the United Kingdom, Germany, France, and the Netherlands. Furthermore, Tech Mahindra has expanded its operations in the Asia Pacific region, including Australia, China, Malaysia, Singapore, and the Philippines. Overall, Tech Mahindra Ltd has a diversified geographical presence to cater to clients across different continents.

Tech Mahindra Ltd represents values of integrity, teamwork, and innovation. With a strong corporate philosophy centered around customer-centricity, the company strives to deliver technological solutions that cater to the evolving needs of its clients. Tech Mahindra is committed to enabling digital transformation and providing cutting-edge services in areas such as consulting, mobility, cloud computing, and analytics. With a global presence and a strong emphasis on sustainable practices, Tech Mahindra aims to create value for its stakeholders while maintaining social and environmental responsibility.

Analysts currently set an average price target of 1,784.82 INR for the Tech Mahindra stock (median: 1,817.13 INR), implying +8.1 % versus the latest price. The consensus is based on 49 analyst ratings.

Tech Mahindra Analyst Price Targets 2026

49 analysts currently rate the Tech Mahindra stock: 30 recommend buying, 7 holding and 12 selling. For 2026, analysts expect Tech Mahindra to generate revenue of 567.31 B INR and earnings per share of 58.10 INR.

Tech Mahindra Analyst Price Targets 2026

Converted at the current exchange rate, the Tech Mahindra share trades at 14.96 EUR (1,642.40 INR).

Tech Mahindra is a leading IT company that operates globally and focuses on providing innovative technologies and services tailored to the needs of its customers. The company is headquartered in Pune, India, and is part of the Mahindra Group, one of the largest conglomerates in India. Tech Mahindra offers a wide range of IT services, including system integration, application development & maintenance (ADM), infrastructure management, network services, cloud computing, and big data. One of the most important and profitable divisions of Tech Mahindra is business process outsourcing (BPO) and business process services (BPS). The company provides a wide range of BPO services to customers from various industries such as telecommunications, finance, retail, healthcare, insurance, and government. The BPS division offers a variety of services such as back-office operations, customer support, billing, and collections. Another important component of Tech Mahindra's business model is advanced consulting. The company offers consulting services and supports customers in developing IT strategies, optimizing their business processes, and implementing new technologies. Tech Mahindra's advanced consulting helps companies increase their efficiency and profitability. The company has also developed products specifically tailored to the needs of its customers. One example is the digital transformation platform, which provides a unified platform to improve transparency of business processes and data management. The platform helps business clients adapt to rapidly changing business conditions. Another important product of Tech Mahindra is the technology platform AQT (Accelerated Quality Engineering and Assurance), which offers integrated solutions for test automation, test process optimization, and end-to-end test management. The AQT platform enables customers to improve the quality of applications and products while reducing risks and costs. Overall, Tech Mahindra's business model is based on providing innovative IT solutions and services tailored to the needs of its customers. The company relies on a wide range of technologies and services to ensure that its customers remain competitive in an increasingly digitized world. In doing so, the company emphasizes quality, customer satisfaction, and agility to ensure that it remains a preferred partner for customers.

The expected revenue of Tech Mahindra is 567.31 B INR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Tech Mahindra is 51.56 B INR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Tech Mahindra is currently 28.27. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Tech Mahindra stock.

The price-to-sales ratio (P/S) of Tech Mahindra is currently 2.57. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Tech Mahindra stock.

The Eulerpool Quality Score for Tech Mahindra is 5/10.

The ISIN of Tech Mahindra is INE669C01036. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Tech Mahindra is TECHM.NS. The ticker symbol is used to trade Tech Mahindra shares on the stock exchange.

Over the past 12 months, Tech Mahindra paid a dividend of 45.00 INR . This corresponds to a dividend yield of about 2.74 %. For the coming 12 months, Tech Mahindra is expected to pay a dividend of 52.92 INR.

The current dividend yield of Tech Mahindra is 2.74 %.

Tech Mahindra pays a dividend, distributed in the months of , , , .

Tech Mahindra paid dividends every year for the past 16 years.

For the upcoming 12 months, dividends amounting to 52.92 INR are expected. This corresponds to a dividend yield of 3.22 %.

Tech Mahindra is assigned to the 'Information technology' sector.

In the year 2025, Tech Mahindra distributed 44 INR as dividends.

The dividends of Tech Mahindra are distributed in INR.

All fundamentals and in-depth analysis of Tech Mahindra

Our stock analysis for Tech Mahindra stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Tech Mahindra. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

Tech Mahindra Stock
Tech Mahindra Revenue→
Tech Mahindra Stock
Tech Mahindra Net Income→
Tech Mahindra Stock
Tech Mahindra P/E→
Tech Mahindra Stock
Tech Mahindra P/S→
Tech Mahindra Stock
Tech Mahindra EBIT→
Tech Mahindra Stock
Tech Mahindra Dividend→
Tech Mahindra Stock
Tech Mahindra Directors Dealings→
Tech Mahindra Stock
Tech Mahindra Stocks→
Tech Mahindra Stock
Tech Mahindra Market capitalization→
Tech Mahindra Stock
Tech Mahindra Debt→
Tech Mahindra Stock
Tech Mahindra Liabilities→
Tech Mahindra Stock
Tech Mahindra Equity→
Tech Mahindra Stock
Tech Mahindra AAQS→
Tech Mahindra Stock
Tech Mahindra Employees→
Tech Mahindra Stock
Tech Mahindra ROE→
Tech Mahindra Stock
Tech Mahindra ROA→
Tech Mahindra Stock
Tech Mahindra ROCE→
Tech Mahindra Stock
Tech Mahindra News→
Tech Mahindra Stock
Tech Mahindra Analyst Price Targets→

Information technology Stocks

Tech Semiconductors CoTeamViewerTechfirm HoldingsTeamSpiritTechL CoTeamphon Energy CoTechmatrixTeam Precision PCLTechnical CommunicationsTeam GroupTechno Alpha CoTeacAll Stocks A–Z →