NSE: TECHM · BSE: 532755 · ISIN INE669C01036
Tech Mahindra Limited stock analysis
Tech Mahindra Limited ranks #965 in the TickerSutra evidence-ranked universe with a score of 58/100 and 95% data confidence. The latest captured fundamentals show ROCE of 23.1%, quarterly sales growth of 17.7% and quarterly profit growth of 28.4%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 23.1%
- Low debt/equity of 0.07×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹44,646cr | ₹8,020cr | ₹5,630cr | 18.0% |
| 2023 | ₹53,290cr | ₹7,763cr | ₹4,857cr | 15.0% |
| 2024 | ₹51,996cr | ₹4,506cr | ₹2,397cr | 9.0% |
| 2025 | ₹52,988cr | ₹6,964cr | ₹4,253cr | 13.0% |
| 2026 | ₹56,815cr | ₹9,033cr | ₹4,806cr | 16.0% |
| TTM | ₹59,176cr | ₹9,834cr | ₹5,163cr | 17.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Intimation of re-affirmation of Credit Rating
RoutineTech Mahindra Ltd - 532755 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011BSE · 19 Sept 2026The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
RoutineAllotment of SecuritiesBSE · 15 Sept 2026Tech Mahindra Limited has informed the Exchange regarding allotment of 25329 securities pursuant to ESOP/ESPS at its meeting held on September 14, 2026
MANAGEMENT COMMENTARY
Signals from filed documents
EBIT margins for the quarter were at US$238 million with EBIT percent at 14.4%, up 60 bps Q-o-Q and 330 basis points Y-o-Y. The margin expansion was led by volume growth and savings from Project Fortius, partially offset by Comviva seasonality and business mix. In rupee terms, operating profit stands at INR2,264 crores, up 53.3% on a Y-o-Y basis.
Our BFSI business grew 8.1% year -on-year. We continue to see healthy demand in areas such as payment modernization, wealth platforms, regulatory compliance, identity and access management, and AI-led transformation. During the quarter, we also announced the acquisition of Avant Techno Solutions, a Canada -based firm specializing in payments modernization and wealth platforms.
The one sort of headwind that we will have is the fact that we had a one -off in our European auto bu siness in this quarter, which will show some signs of slowdown then in Q2. On the whole, we feel we have a healthy order book for the remainder of the year, and barring any sort of unexpected and so far unforeseen macroeconomic developments, we remain confident that the growth momentum that we have set in the first q
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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