₹1587.7
-0.53% today
· 30d -2.89%
as of 2026-09-04
Price · Daily Candles
“Tech Mahindra's Q4 Surge: Profit up 18.78% YoY as FIIs Boost Holdings”
Tech Mahindra, with a market capitalization of ₹129,200 Cr, delivered strong Q4 2026 results with net profit climbing 18.78% year-over-year to ₹1,356 Cr and revenue increasing by 12.64% to ₹15,076 Cr. Annually, revenue grew 7.22% to ₹56,815 Cr, and net profit rose 12.99% to ₹4,806 Cr. Despite these gains, the stock trades at a TTM P/E of 26.95 with a 3.55% dividend yield.
BULL CASE
+Q4 2026 revenue increased by 12.64% YoY to ₹15,076 Cr, alongside an 18.78% YoY jump in net profit to ₹1,356 Cr.
+Annual revenue for FY2026 saw a 7.22% increase to ₹56,815 Cr, with net profit up 12.99% to ₹4,806 Cr.
+FIIs increased their stake by 0.65 percentage points QoQ, holding 18.59% by March 2026.
+The company's profitability score is 'HIGH' (85/100) and its risk score is 'LOW' (80/100).
+ML models show strong sentiment for 1-year sales growth, with ranks of 0.71 (recent 2-year), 0.798 (rolling 4-year), and 0.76 (stable 7-year).
BEAR CASE
−The stock has seen a 7.36% decline over the past year and remains 21.25% off its 52-week high of ₹1,854.
−The 3-year net profit CAGR is -0.18%, indicating long-term flat to negative profit growth.
−DIIs reduced their stake by 0.46 percentage points QoQ, holding 37.33% by March 2026.
−ML predictions indicate weak 1-year FCF growth across all time horizons, with ranks below 0.3 for recent, rolling, and stable periods.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-06-30
REVENUE
₹15712 Cr
+17.68% YoY
NET PROFIT
₹1486 Cr
+31.67% YoY
OPM
16.89%
+1.02pp YoY
EPS
₹16.53
PE 26.95
Intrinsic value · DCF: N/A — ML model predicts severe Δ FCF compression (h1=-9.6%, h2=-9.6%, h3=-10.4% of mktcap), driving projected FCF negative by year 3 despite healthy current FCF. Treating as forecast outlier rather than reporting a misleading ₹0 valuation. Use the Strategy Fit and ML sections instead.
◇ Sector Position
Tech Mahindra's TTM P/E of 26.95 exceeds peers like TCS (16.74) and Infosys (16.05), while its ROCE of 23.0% lags market leaders.
PEERPEROCE %
TECHM26.9523.0
+ 2 more peers — sign in to view
ML Forward Growth Predictions 🔒
71
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
STRONG
75
Valuation
REASONABLE
60
Growth
STEADY
65
Profitability
HIGH
85
Technicals
NEUTRAL
62
Risk
LOW
80
Key Stats
TTM PE
26.95
P/B
4.7
52W HIGH
₹1854.0
OFF HIGH
-14.36%
DIV YIELD
3.55%
MKT CAP
₹140500 Cr
◉ Active Signals
MACDNeutral-4.0014
RSI(14)Neutral47.88
Street Consensus
40 analysts₹1584.15
mean target
Low ₹1225.0Now ₹1587.7High ₹1921.0
⧉ Strategy Fit 🔒