Tech Mahindra Limited (TECHM) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of Tech Mahindra Limited stock ₹1,329, price ₹1,785, that is 25.6% below the price, quality 69 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Tech Mahindra Limited
TECHM · BSEOur calculation puts a fair price 26% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range ₹824.02 – ₹1,835 · fair‑value band ₹844.13 – ₹1,760 · the ₹1,785 price screens above the ₹1,329 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
Company profile
Tech Mahindra Limited provides information technology services and solutions in the Americas, Europe, India, and internationally. The company operates through Information technology (IT) Business and Business Processing Outsourcing (BPO) segments.
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It offers cloud consulting, business excellence, digital supply chain, Application Development Maintenance, intelligent automation, testing, performance engineering, data analytics, and artificial intelligence services.
The company also provides infrastructure and cloud services, including cloud, FLEX Digital workplace, and data center; engineering and network services; digital enterprise applications; and business process, cyber security, blockchain, and metaverse services, as well as customer experience and sustainability as a service.
It serves communication; banking and financial services; energy and utilities; healthcare and life sciences; hi-tech; insurance; manufacturing; media and entertainment; private equity; oil and gas; professional service; and travel, transportation, hospitality, and logistic sectors.
The company was incorporated in 1986 and is based in Pune, India.
Stock analysis
Tech Mahindra Limited (TECHM) currently trades at ₹1,785, while our model-based Fair Value estimate is ₹1,329, 25.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,354 per share, and 3 of the 26 models we run sit above the ₹1,785 price.
Bear case: the Economic Profit group reads lowest at ₹402.75, and 23 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹844.13 (bear) to ₹1,760 (bull), the price of ₹1,785 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 69/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Tech Mahindra Limited reported revenue of ₹568B in FY2026 versus ₹446B in FY2022, a compound +6.2%/yr. Reported net income was ₹48.1B in FY2026, compounding −3.6%/yr from FY2022.
Key figures
Market cap ₹1.6T (≈ $16.7B) Large · P/E ratio 34.2 · P/S ratio 2.54 · EPS (TTM) ₹52.15 · Dividend yield 2.5% · Net margin 8.4% · Return on equity 16.3% · Return on assets (EBIT) 12.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 3% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at −26%, TECHM screens richer than that median.
Fair Value models
All 26 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
Recent news
- Tech Mahindra and Mastercard Partner to Accelerate Embedded B2B Payments Through ERP and Procurement Platform Integration
- Tech Mahindra and Cisco Partner to Bring AI-Driven Security Service Edge to Global Enterprises
- Tech Mahindra Launches Agentic Payment Assistance & Collections Optimization Solution for Telcos at Mobile World Congress 2026
- Tech Mahindra Advances AI-Driven Autonomous Network Operations for CSPs Globally with NVIDIA
Compare Tech Mahindra Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 475 stocks
Valuation Multiplesvs Information Technology Services median · lower = cheaper
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Revenue growth by industry
- PEG ratio by industry
- Stock screener with 62 metrics
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Cognizant Technology Solutions Corporation CTSH | $65.11 | $138.62 | +113% | vs TECHM |
| Wipro Limited WIPRO | ₹196.40 | ₹287.86 | +47% | vs TECHM |
| Infosys Limited INFY | ₹1,161 | ₹1,673 | +44% | vs TECHM |
| Accenture plc ACN | $258.24 | $332.90 | +29% | vs TECHM |
| Tata Consultancy Services Limited TCS | ₹2,502 | ₹2,993 | +20% | vs TECHM |
| HCL Technologies Limited HCLTECH | ₹1,434 | ₹1,602 | +12% | vs TECHM |
| Amadeus IT Group AMS | €59.40 | €65.98 | +11% | vs TECHM |
| CDW Corporation CDW | $153.79 | $165.54 | +8% | vs TECHM |
| Broadridge Financial Solutions, Inc BR | $178.82 | $161.47 | −10% | vs TECHM |
| International Business Machines Corporation IBM | $257.81 | $185.39 | −28% | vs TECHM |
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Frequently asked questions
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Key figures of Tech Mahindra Limited
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