Analysts/Institutional Investor Meet/Con. Call Updates21 Oct 2026 · 20:58
Tech Mahindra Limited has informed the Exchange about Transcript
Markets / Nifty 50 / Information Technology
Price
Daily closing prices, adjusted for bonuses and splits
Returns against the Nifty 50
| Return | 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|---|---|
| TECHM | +0.4% | +16.1% | +8.1% | +21.6% | +26.5% | +57.4% | +18.4% |
| Nifty 50 | +5.6% | +6.2% | −2.7% | −1.5% | −6.4% | +24.6% | +33.7% |
Price returns, without dividends. Source: NSE end-of-day data.
Check-up
Where TECHM sits against the Nifty 50 and its industry. Facts, not advice.
Price return
+26.53%
Over 1 year. The Nifty 50 returned −6.40%, so TECHM beat it by 32.9 percentage points.
Valuation (PE)
38.0
Price is 38.0 times the last four quarters' earnings per share, higher than the Nifty 50's PE of 19.8 and the 3 industry peers' median of 17.1.
Growth
+15.6%
Revenue in Q2 FY27 compared with the same quarter a year earlier. Net profit changed +32.7%.
Profitability (ROE)
15.5%
Profit over the last four quarters as a share of shareholders' equity. Net margin is 7.5%.
Debt
0.07×
Borrowings are 0.07 times shareholders' equity (latest balance sheet, 30 Sep 2026).
Volatility
2.15×
Daily price moves over the last year were 2.15 times as large as the Nifty 50's (annualised volatility 29.7%).
What the latest numbers show
Calculated by stockER from the company's filings and NSE data.
Positives 5
- Revenue up 15.6% from a year ago₹16,180 cr in Q2 FY27, against ₹13,995 cr in Q2 FY26.
- Net profit up 34.0% from a year ago₹1,610 cr in Q2 FY27, against ₹1,202 cr in Q2 FY26.
- Net margin widened to 9.9%From 8.6% in Q2 FY26.
- Operating cash flow of ₹6,172 crCash generated by the business in the year to 31 Mar 2026.
- Mutual fund holding up 1.79 points in a year19.35% on 30 Sep 2026, from 17.56%.
Watch points 1
- Borrowings rose 4.5% in a year₹2,184 cr on 30 Sep 2026, against ₹2,090 cr a year earlier.
Financials
Consolidated results as filed with NSE. ₹ crore unless stated.
Revenue
Net profit
EPS (₹)
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 13,286 | 13,384 | 13,351 | 13,995 | 14,393 | 15,076 | 15,712 | 16,180 |
| Other income | 16 | 173 | 218 | 40 | −22 | −205 | −106 | −7 |
| Total expenses | 12,011 | 12,091 | 11,952 | 12,373 | 12,595 | 13,081 | 13,559 | 13,877 |
| EBITDA | 1,832 | 2,012 | 2,154 | 2,205 | 2,072 | 2,360 | 2,636 | 2,871 |
| Depreciation | 459 | 462 | 458 | 469 | 474 | 481 | 479 | 491 |
| Finance cost | 76 | 85 | 78 | 77 | 94 | 89 | 111 | 84 |
| PBIT | 1,373 | 1,549 | 1,695 | 1,736 | 1,598 | 1,879 | 2,158 | 2,380 |
| Profit before tax | 1,297 | 1,464 | 1,618 | 1,659 | 1,504 | 1,791 | 2,046 | 2,296 |
| Tax | 309 | 322 | 489 | 458 | 386 | 434 | 556 | 686 |
| Net profit | 989 | 1,142 | 1,129 | 1,202 | 1,119 | 1,356 | 1,486 | 1,610 |
| EPS (₹) | 11.10 | 13.17 | 12.87 | 13.48 | 12.66 | 15.27 | 16.53 | 17.88 |
| ₹ crore | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue from operations | 51,995 | 52,988 | 56,815 |
| Other income | 917 | 855 | 32 |
| Total expenses | 49,698 | 48,199 | 50,000 |
| EBITDA | 5,426 | 7,825 | 8,791 |
| Depreciation | 1,817 | 1,853 | 1,882 |
| Finance cost | 392 | 322 | 337 |
| PBIT | 3,609 | 5,972 | 6,909 |
| Profit before tax | 3,217 | 5,651 | 6,572 |
| Tax | 828 | 1,400 | 1,768 |
| Net profit | 2,397 | 4,253 | 4,806 |
| ₹ crore | MAR 2024 | SEP 2024 | MAR 2025 | SEP 2025 | MAR 2026 | SEP 2026 |
|---|---|---|---|---|---|---|
| Total assets | 43,424 | 42,827 | 44,494 | 45,828 | 49,369 | 48,803 |
| Current assets | 23,425 | 22,587 | 23,679 | 24,968 | 27,575 | 27,270 |
| Inventories | 38 | 39 | 39 | 96 | 104 | 95 |
| Cash and equivalents | 4,347 | 4,090 | 4,318 | 4,173 | 5,046 | 4,720 |
| Total liabilities | 16,277 | 15,929 | 16,703 | 17,876 | 19,292 | 18,681 |
| Current liabilities | 13,847 | 12,192 | 12,674 | 13,637 | 14,498 | 15,108 |
| Borrowings | 1,531 | 2,035 | 2,025 | 2,090 | 2,186 | 2,184 |
| Shareholders' equity | 27,147 | 26,898 | 27,792 | 27,953 | 30,077 | 30,122 |
| Equity attributable to owners | 26,669 | 26,446 | 27,362 | 27,504 | 29,615 | 29,673 |
Balance sheets are filed every half year (September and March).
| ₹ crore | 6M to SEP 2022 | 12M to MAR 2025 | 6M to SEP 2025 | 12M to MAR 2026 | 6M to SEP 2026 |
|---|---|---|---|---|---|
| From operations | 3,171 | 5,786 | 3,169 | 6,172 | 3,470 |
| From investing | 541 | −23 | −67 | −409 | 189 |
| From financing | −2,955 | −5,799 | −3,297 | −5,130 | −3,408 |
| Capital expenditure | 430 | 594 | 342 | 696 | 596 |
| Free cash flow | 2,740 | 5,192 | 2,828 | 5,476 | 2,874 |
Cash flow statements are filed every half year; figures are for the period shown.
EBITDA here is profit before tax plus finance cost and depreciation. Annual figures add up the four quarters of each financial year. Source: company filings on NSE (XBRL).
Peers
Information Technology companies in the Nifty 50.
| Company | Price | Market cap | PE | PB | ROE | Div. yield | 1Y return |
|---|---|---|---|---|---|---|---|
| Tech Mahindra Ltd.TECHM | ₹1,783.00 | ₹1.75 lakh cr | 38.0 | 5.89 | 15.5% | 2.86% | +26.5% |
| Tata Consultancy Services Ltd.TCS | ₹2,436.00 | ₹8.81 lakh cr | 17.1 | 7.41 | 43.4% | 4.60% | −18.5% |
| Infosys Ltd.INFY | ₹1,128.20 | ₹4.58 lakh cr | 14.9 | 4.62 | 31.0% | 4.52% | −23.1% |
| HCL Technologies Ltd.HCLTECH | ₹1,405.00 | ₹3.81 lakh cr | 20.8 | 5.01 | 24.1% | 4.27% | −8.1% |
Price comparison
Change in price from the start of the period
TECHMNifty 50TCSINFY
Events
Dividends, bonuses and splits from NSE's corporate actions.
Dividend paid in 5 of the last 5 calendar years (2022–2026)Over the last 12 months: ₹51.00 per share (adjusted for bonuses and splits), a yield of 2.86% at today's price.
Past dividends
Interim dividend
Interim Dividend - Rs 15 Per SharePer share
₹15.00Ex-date
23 Oct 2026
Interim Dividend - Rs 15 Per SharePer share
₹15.00Ex-date
23 Oct 2026
Dividend
Dividend - Rs 36 Per SharePer share
₹36.00Ex-date
3 Jul 2026
Dividend - Rs 36 Per SharePer share
₹36.00Ex-date
3 Jul 2026
Interim dividend
Interim Dividend - Rs 15 Per SharePer share
₹15.00Ex-date
20 Oct 2025
Interim Dividend - Rs 15 Per SharePer share
₹15.00Ex-date
20 Oct 2025
Dividend
Dividend - Rs 30 Per SharePer share
₹30.00Ex-date
4 Jul 2025
Dividend - Rs 30 Per SharePer share
₹30.00Ex-date
4 Jul 2025
Interim dividend
Interim Dividend - Rs 15 Per SharePer share
₹15.00Ex-date
31 Oct 2024
Interim Dividend - Rs 15 Per SharePer share
₹15.00Ex-date
31 Oct 2024
Dividend
Annual General Meeting/Dividend - Rs 28 Per SharePer share
₹28.00Ex-date
19 Jul 2024
Annual General Meeting/Dividend - Rs 28 Per SharePer share
₹28.00Ex-date
19 Jul 2024
Interim dividend
Interim Dividend - Rs 12 Per SharePer share
₹12.00Ex-date
2 Nov 2023
Interim Dividend - Rs 12 Per SharePer share
₹12.00Ex-date
2 Nov 2023
Dividend
Annual General Meeting/Dividend - Rs 32 Per SharePer share
₹32.00Ex-date
21 Jul 2023
Annual General Meeting/Dividend - Rs 32 Per SharePer share
₹32.00Ex-date
21 Jul 2023
Bonuses, splits and other actions
Buy BackEx-date
5 Mar 2019
5 Mar 2019
Filings and updates
The company's own announcements to NSE: results, dividends, presentations and board decisions.
Annual report 2025–26Open (PDF / ZIP)
Annual report 2024–25Open (PDF / ZIP)
Annual report 2023–24Open (PDF / ZIP)
Annual report 2022–23Open (PDF / ZIP)
Annual report 2021–22Open (PDF / ZIP)
Analysts/Institutional Investor Meet/Con. Call Updates15 Oct 2026 · 20:50
Tech Mahindra Limited has informed the Exchange about Link of Recording
Record Date15 Oct 2026 · 17:10
Tech Mahindra Limited has informed the Exchange that Record date for the purpose of Dividend is 23-Oct-2026.
Investor Presentation15 Oct 2026 · 17:09
Tech Mahindra Limited has informed the Exchange about Investor Presentation
Press Release15 Oct 2026 · 17:08
Tech Mahindra Limited has informed the Exchange regarding a press release dated October 15, 2026, titled "Press Release on the financial results".
Bonus15 Oct 2026 · 17:03
Tech Mahindra Limited has informed the Exchange that the Board of Directors at its meeting held on October 15, 2026, have considered and approved bonus at the ratio of 1 : 1, i.e 1 Equity Shares for every 1 Equity Shares held.
Dividend15 Oct 2026 · 17:00
Tech Mahindra Limited has informed the Exchange that Board of Directors at its meeting held on October 15, 2026, declared Interim Dividend of Rs. 15 per equity share.
Outcome of Board Meeting15 Oct 2026 · 16:57
Tech Mahindra Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Allotment of Securities13 Oct 2026 · 18:34
Tech Mahindra Limited has informed the Exchange regarding allotment of 45955 securities pursuant to ESOP/ESPS at its meeting held on October 13, 2026
Analysts/Institutional Investor Meet/Con. Call Updates2 Oct 2026 · 16:38
Tech Mahindra Limited has informed the Exchange about Schedule of meet
Credit Rating25 Sep 2026 · 20:46
Tech Mahindra Limited has informed the Exchange about Credit Rating
Allotment of Securities14 Sep 2026 · 22:20
Tech Mahindra Limited has informed the Exchange regarding allotment of 25329 securities pursuant to ESOP/ESPS at its meeting held on September 14, 2026
Frequently asked questions
What is the share price of Tech Mahindra Ltd. (TECHM)?
TECHM closed at ₹1,783.00 on NSE on 4 Nov 2026, −0.34% on the day. stockER shows end-of-day prices, updated after the market closes.
What is the market cap of TECHM?
₹1.75 lakh cr, based on 98.02 crore shares and the latest closing price. That makes it #39 by size in the Nifty 50.
What are the PE and PB ratios of TECHM?
PE 37.97 on earnings per share of ₹46.96 over the last four quarters; PB 5.89 on the latest reported equity.
What is the 52-week high and low of TECHM?
High ₹1,854.00 on 3 Feb 2026, low ₹1,304.10 on 9 Mar 2026 (adjusted for bonuses and splits).
What is the dividend yield of TECHM?
2.86%: dividends of ₹51.00 per share with ex-dates in the last 12 months, divided by the latest price.
What return has TECHM given?
1 year +26.5%, 3 years +57.4%, 5 years +18.4% (price only, dividends not included).
Which sector is TECHM in?
NSE classifies Tech Mahindra Ltd. under Information Technology. Other Nifty 50 companies in it: HCLTECH, INFY, TCS.
Who owns TECHM?
On 30 Sep 2026, promoters held 34.96% and the public 65.04%.
How can I buy TECHM shares?
Through a SEBI-registered stockbroker with a demat and trading account. stockER is an information site only: it doesn't sell shares or recommend buying or selling any of them.