Tech Mahindra Limited (NSE:TECHM)
India flag India · Delayed Price · Currency is INR
1,561.00
+3.00 (0.19%)
Sep 17, 2026, 3:14 PM IST

Tech Mahindra Stock Forecast

Stock Price Forecast

According to 39 analysts polled by S&P Global, Tech Mahindra stock has a consensus rating of "Buy" and an average price target of ₹1,625. The average 1-year stock price forecast is 4.08% higher than the current stock price, while the lowest is ₹1,080 (-30.81%) and the highest is ₹1,951 (+24.98%).

Price Target: ₹1,625 (+4.08%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price₹1,080₹1,625₹1,670₹1,951
Change-30.81%+4.08%+6.98%+24.98%
* Price targets were last updated on Jul 21, 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

Chart
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy171717171717
Buy997988
Hold667777
Sell333222
Strong Sell556555
Total404040403939

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
J.P. Morgan
J.P. Morgan
Buy
Maintains
₹1,700
BuyMaintains₹1,700+8.90%Jul 21, 2026
Unknown Analyst
Deven Choksey
No rating
Deven Choksey
Buy
Maintains
₹1,726
BuyMaintains₹1,726+10.57%Jul 18, 2026
ICICI Securities
ICICI Securities
Buy
Maintains
₹1,700₹1,800
BuyMaintains₹1,700₹1,800+15.31%Jul 17, 2026
Prabhudas Lilladher
Prabhudas Lilladher
Buy
Maintains
₹1,660₹1,780
BuyMaintains₹1,660₹1,780+14.03%Jul 17, 2026
Jefferies
Jefferies
Sell
Maintains
₹1,225₹1,260
SellMaintains₹1,225₹1,260-19.28%Jul 17, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
635.75B
from 568.15B
Increased by 11.90%
Revenue Next Year
671.38B
from 635.75B
Increased by 5.60%
EPS This Year
77.29
from 56.44
Increased by 36.94%
EPS Next Year
87.11
from 77.29
Increased by 12.70%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingMar 31, 2022Mar 31, 2023Mar 31, 2024Mar 31, 2025Mar 31, 2026Mar 31, 2027
Revenue
446.46B532.90B519.96B529.88B568.15B635.75B
Revenue Growth
17.94%19.36%-2.43%1.91%7.22%11.90%
Gross Profit
148.59B169.77B154.37B167.33B196.57B196.99B
Gross Margin
33.28%31.86%29.69%31.58%34.60%30.99%
Operating Income
65.41B61.03B31.80B51.65B71.71B94.48B
Net Income
55.66B48.31B23.58B42.52B48.11B68.93B
EPS
----56.4477.29
EPS Growth
----17.80%36.94%
Forward PE
21.7117.4425.0726.0918.7320.20
Dividend / Share
15.0032.0040.0045.0051.0061.85
Dividend Growth
-113.33%25.00%12.50%13.33%21.28%
Free Cash Flow
37.29B42.09B38.34B52.59B49.08B65.55B
No. Analysts
-----39
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue202720282029
High645.2B
Avg635.8B
Low622.8B

Revenue Growth

Revenue Growth202720282029
High
13.6%
Avg
11.9%
Low
9.6%

EPS Forecast

EPS202720282029
High83.28
Avg77.29
Low70.09

EPS Growth

EPS Growth202720282029
High
47.6%
Avg
36.9%
Low
24.2%