BazaarBaazi

Stock · TECHM · Information Technology

TECHM share price target 2026

Support, resistance, the F&O structure and the BazaarBaazi Crack Score for TECH MAHINDRA LIMITED, refreshed every end-of-day run. A systematic, data-only read on TECH MAHINDRA LIMITED: where it trades versus its 50-day and 200-day lines, the live 52-week range, and momentum, refreshed from the scanner's real price series each run.

The verdict

BazaarBaazi reads TECHM as constructive with a Crack Score of 82/100 as of 21 Jul 2026.
Crack Score
82/ 100
High conviction

BazaarBaaziSource & method

The scanner's readScanned · scanned 21 Jul 2026

Where TECHM stands on the 500-name BazaarBaazi setup scanner: technicals, filed fundamentals and money flow read together, refreshed every run.

Scanned92 /100 setup score

Scanned and scored this run, but the evidence is incomplete or conflicted. The engine fails closed to NO_TRADE.

Technical axis

100/100

Fundamental axis

100/100

Money flow

70/100

Result pulse · Q1 FY27

87/100

Technical evidence

money-flow score 70.4/100

up/down volume 1.48x (buyers dominant)

MFI 86.0

net +2 accumulation days (25d)

relative strength rising vs NIFTY

RS line near its highs (leadership)

RS slope +13.7% (3m)

outperforming and above 50DMA

Red flags

above 200DMA (not a confirmed short-side trend)

profit growth strong (+31.67% YoY)

strong accumulation tape

strong filed result (score 87.0)

Relative valuation

P/E (TTM)

27.2

P/E vs sector

+1.1%

Sector percentile

56

PEG

0.86

Scanner levels from the deterministic engine run of 2026-07-21, not a SEBI-registered recommendation and not investment advice. The fundamental axis reads the official filing: Q1 FY27 result.

Open the full 500-name Setup Scan.

Price target: support and resistanceComputed 21 Jul 2026

Support and resistance for TECHM are read inside the latest show; no spot was printed in the most recent editorial note.

Levels are read inside the latest show. The most recent editorial reference is Systematic Read on 21 Jul 2026.

These are structural reference lines, not a SEBI-registered price target. BazaarBaazi is independent media; the levels frame how the desk reads the TECHM chart, refreshed every end-of-day run.

The Crack Score, and how it is built82 / 100 · High conviction

The Crack Score is a deterministic 0 to 100 conviction number. Here is exactly what moved it for TECHM, so the figure is a transparent signal rather than a vibe.

Editorial stanceLatest signed stance is bullish.+18
History consistency3 of the last 6 published verdicts held the same stance.0
Structure qualityNo clean spot was printed in the latest note; levels are read inside the show.0
FreshnessThe desk reviewed today.+8
Conviction horizonThe latest read is framed on a swing horizon.+6

Base 50, adjusted by the factors above and clamped to 0 to 100. How the Crack Score works.

About TECH MAHINDRA LIMITEDBusiness profile

What TECHM actually does, and the edge that holds its position.

Tech Mahindra is India's fifth-largest IT services company by revenue, with a historically strong telecom vertical serving global carriers, equipment vendors, and network technology companies, alongside a growing enterprise segment in banking, healthcare, manufacturing, and retail. The company is a joint venture partner of British Telecom origin, and its telecom practice has been its flagship differentiator. Tech Mahindra also runs a business process services division and has been investing in AI, 5G network services, and digital engineering.

Tech Mahindra's telecom vertical depth, built over decades of serving global carriers on network OSS/BSS systems and 5G deployment, is a genuine moat in a segment that requires specialised domain knowledge most IT companies lack. The 5G rollout globally and the network virtualisation trend are natural growth vectors for this expertise.

The F&O viewHorizon · swing

How the futures and options structure on TECHM reads right now.

Editorial directionBullish
Horizonswing

The editorial price read on TECHM is bullish. Strike-level option inventory is unavailable, so the page withholds writer, wall and pin claims. Single-stock F&O on TECHM can be thinner than index F&O, so the desk weights price and filed evidence over raw OI. This is not a derivatives trade recommendation.

Why it movedLatest editorial line

The most recent BazaarBaazi read on what is driving TECHM.

Systematic read: a disclosed, data-only model on real 1-year price structure.

Read in Systematic Read on 21 Jul 2026. Why TECHM moved, the living explainer, tracks every move on one URL.

The 2026 to 2030 pictureStructural read

What genuinely drives TECHM over a multi-year horizon. A structural read, not a price forecast.

The 2026 to 2030 horizon for Tech Mahindra is about whether the 5G-led telecom investment cycle translates into large deal wins in network services, and whether the enterprise segment can diversify the revenue mix away from a telecom vertical that has faced capex cuts from major carriers. The company's turnaround strategy under newer leadership is focused on improving utilisation, margin, and deal-win velocity. The key risk is that telecom carriers, facing their own revenue pressure, continue to constrain IT spend.

What to watch:

Peers and how to compare4 listed names

The listed names TECHM is most often read against. Compare them on the same Crack Score and levels.

Live valuation readQ1 FY27 earnings · live spot

P/E, P/B, yield and the quality set for TECH MAHINDRA LIMITED, computed from the latest filed results times the live spot. The price-driven ratios (marked) refresh every session; ROE and margins hold until the next results.

P / E

27.2x

Earnings yield

3.67%

P / B

4.71x

P / S

2.36x

EV / EBITDA

14.4x

Dividend yield

3.24%

Market cap

Rs 1.40 lakh cr

Enterprise value

Rs 1.33 lakh cr

Stored from TECH MAHINDRA LIMITED's filed results, as of 2026-07-21 and currency-checked. Price input Rs 1,576.30 from baked EOD spot. Open the calculator, move the price and watch every ratio react.

Latest filed resultsQ1 FY27

TECH MAHINDRA LIMITED's most recent quarter, parsed straight from the official NSE filing. Every figure links back to its primary source.

Q1 FY27 · ended 30 Jun 2026Consolidated, audited · filed with NSE on 16 Jul 2026

Result Pulse

87 / 100

Revenue

Rs 15,712 cr

Net profit

Rs 1,486 cr

EPS (quarter)

Rs 16.53
GrowthYoYQoQ
Revenue+17.7%n/a
Net profit+31.7%n/a
Net margin+9.5%
What BazaarBaazi readsProfit acceleration
SourceOfficial NSE filing (XBRL)

Figures are the Q1 FY27 result for TECH MAHINDRA LIMITED, parsed straight from the official NSE integrated filing and verified to the paisa. The EPS shown is for the quarter, not a trailing-twelve-month figure, so it is not a P/E input.

See every Q4 result the desk has read.

Earnings history, every filed quarter33 quarters on record

TECH MAHINDRA LIMITED's official quarterly revenue, EPS and Result Pulse trail, every quarter the desk holds from the verified filings export, back to 30 Jun 2018. These are quarterly facts, not TTM valuation inputs.

TECHM official result trail

33 quarters

Quarterly figures only: revenue, net profit and EPS are copied from official filings. EPS here is not trailing twelve month EPS and is not used for valuation.

QuarterRevenueEPSPAT YoYPulseSource
Q1 FY27ended 30 Jun 2026 / Consolidated, auditedRs 15,712 crRs 16.53+31.7%87/100Filing
Q4 FY26ended 31 Mar 2026 / Consolidated, auditedRs 15,076 crRs 15.27n/an/aFiling
Q3 FY26ended 31 Dec 2025 / Consolidated, auditedRs 14,393 crRs 12.66n/a50/100Filing
Q2 FY26ended 30 Sep 2025 / Consolidated, auditedRs 13,995 crRs 13.48n/a50/100Filing
Q1 FY26ended 30 Jun 2025 / Consolidated, auditedRs 13,351 crRs 12.87n/a50/100Filing
Q4 FY25ended 31 Mar 2025 / Consolidated, auditedRs 13,384 crRs 13.17n/an/aFiling
Q3 FY25ended 31 Dec 2024 / Consolidated, auditedRs 13,286 crRs 11.10n/an/aFiling
Q2 FY25ended 30 Sep 2024 / Consolidated, auditedRs 13,313 crRs 14.12n/an/aFiling
Q1 FY25ended 30 Jun 2024 / Consolidated, auditedRs 13,005 crRs 9.62n/an/aFiling
Q4 FY24ended 31 Mar 2024 / Consolidated, auditedRs 12,871 crRs 7.47n/an/aFiling
Q3 FY24ended 31 Dec 2023 / Consolidated, auditedRs 13,101 crRs 5.77n/an/aFiling
Q2 FY24ended 30 Sep 2023 / Consolidated, auditedRs 12,864 crRs 5.59n/an/aFiling
Q1 FY24ended 30 Jun 2023 / Consolidated, auditedRs 13,159 crRs 7.84n/an/aFiling
Q4 FY23ended 31 Mar 2023 / Consolidated, auditedRs 13,718 crRs 12.67n/an/aFiling
Q3 FY23ended 31 Dec 2022 / Consolidated, auditedRs 13,735 crRs 14.70n/an/aFiling
Q2 FY23ended 30 Sep 2022 / Consolidated, auditedRs 13,129 crRs 14.58n/an/aFiling
Q1 FY23ended 30 Jun 2022 / Consolidated, auditedRs 12,708 crRs 12.84n/an/aFiling
Q4 FY22ended 31 Mar 2022 / Consolidated, auditedRs 12,116 crRs 17.09n/an/aFiling
Q3 FY22ended 31 Dec 2021 / Consolidated, auditedRs 11,451 crRs 15.58n/an/aFiling
Q2 FY22ended 30 Sep 2021 / Consolidated, auditedRs 10,881 crRs 15.26n/an/aFiling
Q1 FY22ended 30 Jun 2021 / Consolidated, auditedRs 10,198 crRs 15.43n/an/aFiling
Q4 FY21ended 31 Mar 2021 / Consolidated, auditedRs 9,730 crRs 12.37n/an/aFiling
Q3 FY21ended 31 Dec 2020 / Consolidated, auditedRs 9,647 crRs 14.98n/an/aFiling
Q2 FY21ended 30 Sep 2020 / Consolidated, auditedRs 9,372 crRs 12.18n/an/aFiling
Q1 FY21ended 30 Jun 2020 / Consolidated, auditedRs 9,106 crRs 11.13n/an/aFiling
Q4 FY20ended 31 Mar 2020 / Consolidated, auditedRs 9,490 crRs 9.21n/an/aFiling
Q3 FY20ended 31 Dec 2019 / Consolidated, auditedRs 9,655 crRs 13.13n/an/aFiling
Q2 FY20ended 30 Sep 2019 / Consolidated, auditedRs 9,070 crRs 12.88n/an/aFiling
Q1 FY20ended 30 Jun 2019 / Consolidated, auditedRs 8,653 crRs 10.98n/an/aFiling
Q4 FY19ended 31 Mar 2019 / Consolidated, auditedRs 8,892 crRs 12.77n/an/aFiling
Q3 FY19ended 31 Dec 2018 / Consolidated, auditedRs 8,944 crRs 13.55n/an/aFiling
Q2 FY19ended 30 Sep 2018 / Consolidated, auditedRs 8,630 crRs 11.99n/an/aFiling
Q1 FY19ended 30 Jun 2018 / Consolidated, auditedRs 8,276 crRs 10.12n/an/aFiling

Open the covered-name earnings calendar.

The official financialsFiled to 31 Mar 2026

TECH MAHINDRA LIMITED's statements as filed: trailing twelve month P&L, the balance sheet, and the cash engine. Parsed from official XBRL, shown in crore.

Trailing twelve months, on filed quarters

Revenue (TTM)

56,815 cr

Net profit (TTM)

4,806 cr

EBIT (TTM)

6,911 cr

Profit before tax (TTM)

6,573 cr

Net margin (TTM)

8.5%

Finance costs (TTM)

337 cr

Balance sheet, as filed 2026-03-31

Total assets

49,369 cr

Shareholder equity

30,077 cr

Total borrowings

2,186 cr

Cash and equivalents

5,046 cr

Inventory

104 cr

Trade receivables

13,358 cr

The cash engine, latest filed year

Operating cash flow

6,172 cr

Capex

696 cr

Free cash flow

5,476 cr

Investing flow

-409 cr

Financing flow

-5,131 cr

Annual trail, filed year over filed year

YearRevenueNet profitEquityBorrowingsCFO
FY2656,815 cr4,806 cr30,077 cr2,186 cr6,172 cr
FY2552,988 cr4,253 cr27,792 cr2,025 cr5,786 cr
FY2451,995 cr2,397 cr27,147 cr1,531 cr6,376 cr
FY2353,290 cr4,857 cr28,395 cr1,578 cr5,572 cr
FY2244,646 cr5,630 cr27,381 cr1,582 cr5,285 cr
FY2137,855 cr4,353 cr25,245 cr1,662 crn/a

Every figure is parsed from TECH MAHINDRA LIMITED's official NSE XBRL filings by the BazaarBaazi earnings lab and shown in crore rupees. Display data, not a valuation model input.

Management on record23 earnings calls

Every TECHM earnings call BazaarBaazi has indexed, latest 30 Apr 2026. Read management in its own words, straight from the filed transcript.

TECH MAHINDRA LIMITED earnings calls on record

23 calls since 31 Aug 2020

30 Apr 2026Quarter ended Q4FY26Transcript PDF
31 Jan 2026Quarter ended Q3FY26Transcript PDF
31 Oct 2025Quarter ended Q2FY26Transcript PDF
31 Jul 2025Quarter ended Q1FY26Transcript PDF
30 Apr 2025Quarter ended Q4FY25Transcript PDF
31 Jan 2025Quarter ended Q3FY25Transcript PDF
31 Oct 2024Quarter ended Q2FY25Transcript PDF
31 Jul 2024Quarter ended Q1FY25Transcript PDF
Show 15 older calls
31 May 2024Quarter ended Q4FY24Transcript PDF
31 Jan 2024Quarter ended Q3FY24Transcript PDF
31 Oct 2023Quarter ended Q2FY24Transcript PDF
31 Aug 2023Quarter ended Q1FY24Transcript PDF
31 May 2023Quarter ended Q4FY23Transcript PDF
28 Feb 2023Earnings callTranscript PDF
30 Nov 2022Earnings callTranscript PDF
31 Jul 2022Quarter ended Q1FY23Transcript PDF
31 May 2022Quarter ended Q4FY22Transcript PDF
30 Nov 2021Earnings callTranscript PDF
31 Aug 2021Quarter ended Q1FY22Transcript PDF
31 May 2021Quarter ended Q4FY21Transcript PDF
28 Feb 2021Earnings callTranscript PDF
31 Oct 2020Quarter ended Q2FY21Transcript PDF
31 Aug 2020Quarter ended Q1FY21Transcript PDF

Each entry links to the transcript PDF the company filed with the exchange. Primary sources, in management's own words.

What changed64 disclosures

Every recent official filing from TECH MAHINDRA LIMITED, straight from the exchange feed, with the BazaarBaazi Event Heat on the disclosure flow.

TECH MAHINDRA LIMITED has filed 64 official disclosures recently. The most recent is a Disclosure dated 21 Jul 2026.

Event Heat

86 / 100
21 Jul 2026
DisclosureWatch

allotment of 26848 securities pursuant to ESOP/ESPS at its meeting held on July 21, 2026

Filing
20 Jul 2026
M&AWatch

Notice to Shareholders regarding Scheme of Merger between Zen3 Infosolutions Private Limited, Tech Mahindra Enterprise Services Limited, Begig Private Limited and Tech Mahindra Limited

Filing
18 Jul 2026
AGM / EGMRoutine

voting results

Filing
18 Jul 2026
AGM / EGMRoutine

Proceedings of Annual General Meeting held on July 17, 2026

Filing
17 Jul 2026
DisclosureWatch

Copy of Newspaper Publication

Filing
16 Jul 2026
EarningsWatch

Tech Mahindra Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

Filing
16 Jul 2026
M&AWatch

Acquisition

Filing
16 Jul 2026
Board meetingRoutine

Outcome of Board Meeting held on July 16, 2026

Filing
Event Heat86 / 100 · Constructive

Event Heat is a dated net read of TECH MAHINDRA LIMITED's last 90 days of official disclosures, balancing the constructive filings against the ones to watch. It is a signal from what the company has filed, not investment advice. Every line above links to its official exchange filing, and the full market desk is at the disclosures hub.

See what changed across the whole market.

Key fundamentalsEditorial reference

The anchor data BazaarBaazi references when reading the TECHM chart. Not a substitute for a registered research note.

TickerTECHM
Full nameTECH MAHINDRA LIMITED
SectorInformation Technology
Index classLARGE CAP
ISININE669C01036
Market-cap band~1.4 lakh cr (indicative)
Last referenced levelInside latest show
Last session moveNot referenced this cycle
Editorial line inSystematic Read on 21 Jul 2026
Aliases trackedTECHM

Reference chart25 Apr 2025

The daily frame the desk reads on TECHM.

TECHM daily price chart, BazaarBaazi reference frame, 25 Apr 2025
Reference frame, 25 Apr 2025. Levels are read inside the latest show.

FAQ16 reader questions · AEO-eligible

The line on TECHM, distilled and schema-marked for AI Overview, Perplexity, and reader search.

What is the TECHM share price target for 2026?

BazaarBaazi does not publish a SEBI-registered price target on TECHM. The desk reads structural support and resistance inside each show against the printed spot; the most recent editorial line is Systematic Read on 21 Jul 2026.

What is BazaarBaazi's Crack Score for TECHM?

The BazaarBaazi Crack Score for TECHM is 82 out of 100 as of 21 Jul 2026, a high conviction reading. It is a computed conviction number from the signed stance, how consistent the recent verdicts have been, the quality of the printed structure, and how fresh the review is. It is a transparency signal, not investment advice.

What is the F&O view on TECHM?

Strike-level option inventory for TECHM is unavailable, so BazaarBaazi withholds participant, direction and positioning claims. The editorial chart stance is not substituted for an option-chain observation.

What sector is TECHM in and which peers does BazaarBaazi track?

TECHM sits in Information Technology (large cap), indicative market cap ~1.4 lakh cr (indicative), ISIN INE669C01036. The peers BazaarBaazi reads alongside it are INVENTURUS KNOWLEDGE SOLUTIONS LIMITED, NEWGEN SOFTWARE TECHNOLOGIES LIMITED, Mphasis Limited. A systematic, data-only read on TECH MAHINDRA LIMITED: where it trades versus its 50-day and 200-day lines, the live 52-week range, and momentum, refreshed from the scanner's real price series each run.

How often is the TECHM view updated?

This page is one evergreen URL refreshed in place. The Crack Score and levels re-compute on every BazaarBaazi end-of-day run, and the dated stamp shows the last refresh. The latest signed verdict on TECHM is bullish, published in Systematic Read on 21 Jul 2026.

Is Tech Mahindra a good long-term stock?

Tech Mahindra is the leading Indian IT company in the telecom vertical, positioned to benefit from global 5G network services demand. The long-term case also rests on enterprise diversification and margin recovery. BazaarBaazi publishes a Crack Score for current market positioning.

Tech Mahindra share price target 2030?

BazaarBaazi does not publish a fixed 2030 price target for TECHM. The drivers over that horizon are 5G deal flow, enterprise segment expansion, and margin trajectory. See the dated Crack Score on the BazaarBaazi TECHM page.

Why is Tech Mahindra share price falling?

TECHM corrects when telecom-sector IT spending weakens, when large-deal ramps are delayed, or when operating margins miss expectations during transformation investment phases. Broader IT sector de-ratings and deal cancellations in telecom also weigh on the stock. Check the current Crack Score on the BazaarBaazi page.

Is TECHM a qualifying setup on the BazaarBaazi scanner right now?

On the 2026-07-21 run of the 500-name BazaarBaazi setup scanner, TECH MAHINDRA LIMITED sits in the Scanned tier with a setup score of 92/100 (technical 100, fundamental 100). The scanner is a deterministic engine over real OHLCV and official filings, refreshed nightly, and it is a signal rather than investment advice.

Where can I read TECH MAHINDRA LIMITED's earnings call transcripts?

BazaarBaazi indexes 23 TECHM earnings calls going back to 2020-08-31, latest 2026-04-30. Every entry on this page links straight to the transcript PDF the company filed with the exchange, so you read management in the primary source.

What was TECH MAHINDRA LIMITED's Q1 FY27 net profit?

TECH MAHINDRA LIMITED reported a net profit of Rs 1,486 cr for Q1 FY27 (the quarter ended 31 March 2026). That is +31.7% year on year. The figure is from the company's official NSE filing.

What was TECH MAHINDRA LIMITED's Q1 FY27 revenue?

TECH MAHINDRA LIMITED reported revenue of Rs 15,712 cr for Q1 FY27. That is +17.7% year on year. The figure is from the company's official NSE filing.

How does BazaarBaazi rate TECH MAHINDRA LIMITED's Q1 FY27 result?

BazaarBaazi gives TECH MAHINDRA LIMITED's Q1 FY27 result a Result Pulse of 87 out of 100, with a verdict of Profit acceleration. The Result Pulse is a BazaarBaazi editorial score for the quality of the filed result, not investment advice.

What has Tech Mahindra Ltd announced recently?

Tech Mahindra Ltd's two most material recent disclosures are a disclosure dated 21 Jul 2026, "allotment of 26848 securities pursuant to ESOP/ESPS at…", and a m&a dated 20 Jul 2026, "Notice to Shareholders regarding Scheme of Merger between…". Both link to the company's own official filing on the BazaarBaazi stock page.

Has Tech Mahindra Ltd declared a dividend recently?

Yes. Tech Mahindra Ltd filed a dividend disclosure on 03 Jul 2026, filed as "Dividend - Rs 36 Per Share". Any amount shown is the exchange's own record, linked from the BazaarBaazi stock page. A dividend is a declared payout, not a forecast of future returns.

What did Tech Mahindra Ltd's latest board meeting cover?

Tech Mahindra Ltd's most recent board-meeting disclosure on record dated 16 Jul 2026 reads "Outcome of Board Meeting held on July 16, 2026". That is the agenda as filed with the exchange, linked from the BazaarBaazi stock page, and BazaarBaazi adds no claim of its own to it.

Related stock views

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