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Intrinsic value · Buy/Sell verdict · scores — free· 1049 Indian stocks· EOD 2026-07-29

Tech Mahindra Limited

TECHMNSETechnology
₹1,644.2
+9.00 (+0.55%)
Hold

Momentum (83/100) does the heavy lifting; valuation (32/100) is the drag.

Fair value
The bottom line

Our blended model reads Tech Mahindra Limited as a Hold at 57/100. At ₹1,644.2 it trades above our blended DCF and relative-multiples fair value of ₹1,249.9, about 24% downside to that estimate — we read it as overvalued by 24%. On 27.0x trailing earnings it sits pricier than the Technology median of about 20.0x. The price is about 5% below its 52-week high of ₹1,723.61 and 27% above the low of ₹1,297.97. Financial health scores 100/100, in the safe band on the Altman Z-score, with a Piotroski F-score of 6/9. The average analyst target of ₹1,573.65 implies about 4% downside across 40 analysts. It clears 9 of 13 investability checks, with durability 62, valuation 53 and momentum 83 on our 0–100 scales.

Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.

Intrinsic value
Our fair value
₹1,249.9down 23.98%
Overvalued by 24%
Price ₹1,644.2Range ₹822.1₹1,513.65
DCF + relative blendhigh confidence

With a 20% margin of safety, our buy-below price is ₹999.92.

Analyst views

40 analysts25 buy · 6 hold · 9 sell
12-month consensus target₹1,573.65down 4.29%

1-year price

EOD · 2026-07-29
1D
up 0.55%
1W
up 5.36%
1M
up 20.09%
3M
up 14.48%
6M
down 3.33%
1Y

52-week range

-4.61% from the 52-week high.

Trend check
Above 50-DMA₹1,455Above 200-DMA₹1,457

Price above both moving averages reads as an intact uptrend; below both, the trend is against you.

Verdict pillars

Hold57
A
Financial health 100/100
Altman Z 6.15 · Safe zone

Piotroski F-score 6/9 — quality of earnings & balance sheet.

Our scores

Durability62
Valuation53
Momentum83

Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.

Investability checklist

Passed 9 of 13 checks
Each check screens one fundamentals, valuation or trend signal.
  • Pass: ROE above 15%: 16.6%
  • Pass: Low debt (D/E < 0.5): 0.07x
  • Pass: Positive free cash flow
  • Pass: Revenue growth > 10%: 13%
  • Pass: Earnings growing: 16%
  • Fail: Net margin ≥ 10%: 8.5%
  • Pass: Current ratio > 1.5: 1.90
  • Fail: Below our fair value
  • Fail: Margin of safety ≥ 20%
  • Pass: Above 200-day average
  • Pass: Above 50-day average
  • No data: Positive 1-year return
  • Pass: Altman Z in safe zone: Z 6.15
  • Fail: Piotroski ≥ 7: 6/9

Quarterly results

Revenue · 1Q2026
₹15,076 Cr
Net profit
₹1,354 Cr
Margin
9%
2Q2025
3Q2025
4Q2025
1Q2026
Revenue Net profitLatest revenue QoQ +5%

Annual financials

Revenue · 2026
₹56,815 Cr
Net profit
₹5,063 Cr
Margin
9%
2023
2024
2025
2026
Revenue Net profitLatest revenue YoY +7%

Shareholding

  • Promoter37.0%
  • Institutions45.8%
  • Public & other17.2%

Promoter holding via insider stake; institutional via reported holdings.

Key fundamentals

Market cap
₹1.29 L Cr
P/E ratio
27.0
P/B ratio
4.38
EPS (TTM)
₹54.22
ROE
16.6%
Debt / Equity
0.07x
Profit margin
8.5%
Free cash flow
₹4,812 Cr
52-week high
₹1,723.61
-4.61% from high
52-week low
₹1,297.97
Dividend yield
3.6%
Beta
0.16
SWOT snapshot

Bull case vs bear case

Bull case

Strengths

  • Lightly leveraged balance sheet.
  • Financially solid — Altman Z 6.15.

Opportunities

  • Earnings growing (16% YoY).
  • Revenue growing (13% YoY).

Bear case

Threats

  • Trades ~24% above our estimated fair value.

About Tech Mahindra Limited

Tech Mahindra Limited delivers information technology services and solutions across the Americas, Europe, India, and international markets through two segments: Information Technology Business and Business Process Services. The company provides application development and maintenance, intelligent automation, testing, performance engineering, cloud consulting, engineering and network services, data analytics, and artificial intelligence offerings.

Tech Mahindra Limited — frequently asked questions

Is Tech Mahindra Limited a buy, hold or sell?

StocksWizard currently rates Tech Mahindra Limited (TECHM) a Hold, based on a blended score of 57/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.

What is Tech Mahindra Limited's fair value?

Our blended DCF and relative-valuation model estimates Tech Mahindra Limited's fair value at about ₹1,249.9, versus a current price of ₹1,644.2 — roughly 24% downside. On that basis the stock looks overvalued by 24%.

Is Tech Mahindra Limited financially healthy?

Tech Mahindra Limited scores 100/100 on our financial-health model, placing it in the safe band on the Altman Z-score, with a Piotroski F-score of 6/9.

How has Tech Mahindra Limited's share price performed?

Tech Mahindra Limited is up 14% over three months, and last traded at ₹1,644.2. Past performance doesn't predict future returns.

Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.