Tech Mahindra Stock Forecast

Stock Price Forecast

According to 40 analysts polled by S&P Global, Tech Mahindra stock has a consensus rating of "Buy" and an average price target of ₹1,584. The average 1-year stock price forecast is 12.38% higher than the current stock price, while the lowest is ₹1,225 (-13.10%) and the highest is ₹1,921 (+36.28%).

Price Target: ₹1,584 (+12.38%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹1,225	₹1,584	₹1,599	₹1,921
Change	-13.10%	+12.38%	+13.44%	+36.28%

* Price targets were last updated on Apr 23, 2026.

Analyst Ratings

The average analyst rating for Tech Mahindra stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	16	14	14	17	17	17
Buy	10	10	10	9	9	9
Hold	6	6	7	6	6	6
Sell	3	3	3	3	3	3
Strong Sell	7	7	6	5	5	5
Total	42	40	40	40	40	40

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Akshat Agarwal Jefferies	Jefferies	Sell Maintains ₹1,180 → ₹1,225	Sell	Maintains	₹1,180 → ₹1,225	-13.10%	Apr 23, 2026
Ankur Rudra J.P. Morgan	J.P. Morgan	Buy Maintains ₹1,750	Buy	Maintains	₹1,750	+24.15%	Mar 25, 2026
Unknown Analyst Geojit Research No rating	Geojit Research	Buy Maintains ₹1,613 → ₹1,921	Buy	Maintains	₹1,613 → ₹1,921	+36.28%	Feb 2, 2026
Unknown Analyst IDBI Capital No rating	IDBI Capital	Buy Maintains ₹1,922	Buy	Maintains	₹1,922	+36.35%	Jan 20, 2026
Unknown Analyst ICICI Securities No rating	ICICI Securities	Buy Maintains ₹1,680 → ₹2,000	Buy	Maintains	₹1,680 → ₹2,000	+41.88%	Jan 19, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

619.62B

from 568.15B

9.06%

from 568.15B

Revenue Next Year

656.05B

from 619.62B

5.88%

from 619.62B

EPS This Year

77.61

from 56.44

37.52%

from 56.44

EPS Next Year

85.34

from 77.61

9.96%

from 77.61

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	446.46B	532.90B	519.96B	529.88B	568.15B	619.62B
Revenue Growth	17.94%	19.36%	-2.43%	1.91%	7.22%	9.06%
Gross Profit	148.59B	169.77B	154.37B	167.33B	202.37B	194.00B
Gross Margin	33.28%	31.86%	29.69%	31.58%	35.62%	31.31%
Operating Income	65.41B	61.03B	31.80B	51.65B	71.53B	90.98B
Net Income	55.66B	48.31B	23.58B	42.52B	48.11B	69.07B
EPS	-	-	-	-	56.44	77.61
EPS Growth	-	-	-	-	17.80%	37.52%
Forward PE	21.71	17.44	25.07	26.09	18.73	18.16
Dividend / Share	15.00	32.00	40.00	45.00	51.00	60.73
Dividend Growth	-	113.33%	25.00%	12.50%	13.33%	19.07%
Free Cash Flow	37.29B	42.09B	38.34B	52.59B	48.12B	65.63B
No. Analysts	-	-	-	-	-	39

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	638.2B
Avg	619.6B
Low	600.8B

Revenue Growth

Revenue Growth	2027	2028	2029
High	12.3%
Avg	9.1%
Low	5.7%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	77.61
Low	-

EPS Growth

EPS Growth	2027	2028	2029
High	-
Avg	37.5%
Low	-