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    Tech Mahindra Limited

    Mahindra Group's global IT services and consulting firm, ~150,000 staff across 90+ countries.

    Information Technology
    Information Technology
    View TECHM earnings calls
    ₹1,409.6
    -2.98% from avg

    Overview

    Price

    ₹1,409.6

    Market Cap

    ₹1.5L Cr

    Sector

    Information Technology

    Information Technology

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital436437439440441442443443
    Reserves21.4k24.4k26.4k27.5k26.2k26.9k27.1k29.2k
    Borrowings3.7k2.9k2.6k2.7k2.5k2.0k2.0k2.2k
    Other Liabilities11.8k11.8k14.9k15.2k13.9k14.9k16.4k17.4k
    Total Liabilities37.3k39.6k44.4k45.8k43.1k44.3k45.8k49.2k
    AssetsFixed Assets8.9k9.0k14.8k14.9k13.9k14.0k14.3k14.9k
    CWIP50118165120133212327
    Investments5.8k10.2k4.9k3.4k3.2k3.2k3.1k3.4k
    Other Assets22.5k20.2k24.6k27.4k25.9k27.1k28.5k30.9k
    Total Assets37.3k39.6k44.4k45.8k43.1k44.3k45.8k49.2k

    Valuation

    Assumptions

    Current — TECHM
    Price
    ₹1,410
    EPS (TTM)
    ₹52.41
    PE (TTM)
    26.9
    Profit growth
    -0.4%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (34.6×) and current (26.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,410
    vs
    Fair value · 15% return
    ₹568
    60%Overvalued

    At -0.4% growth and a 27× exit, ₹1410 only delivers your return if you pay ₹568. The price is currently baking in 17% growth.

    EPS grows -0.4%/yr for 5 years, then fades to 6% over 2, exits at 27×.

    YearGrowthEPS (₹)
    FY27-0.4%52.20
    FY28-0.4%51.99
    FY29-0.4%51.78
    FY30-0.4%51.58
    FY31-0.4%51.37
    FY322.8% ·fade52.81
    FY336.0% ·fade55.98

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Tech Mahindra Limited

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