Why did Tech Mahindra (TECHM) stock move recently?

On 9/16/2026, Tech Mahindra moved -1.1% — The Nifty IT index was among the day's weakest sectors as investors positioned ahead of the US Federal Reserve decision, with the prospect of higher US rates adding to existing concerns about demand for India's technology exporters. No company-specific announcement was reported for the stock. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Tech Mahindra (TECHM) overvalued or fairly valued?

MarketChacha shows Tech Mahindra's valuation in context — a forward P/E of about 20.0, a price-to-book of about 5.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Tech Mahindra's revenue?

Tech Mahindra reported revenue of ₹48,927 Cr for FY2026, with net profit of ₹3,859 Cr, per official filings.

What is the share price of Tech Mahindra (TECHM)?

Tech Mahindra last traded at ₹1,779.10 (-0.6% on the day), as of 10/19/2026 — a delayed quote shown for education, not investment advice.

Tech Mahindra

TECHM · NSE · IT Services · India

Snapshot

TickerTECHM

ExchangeNSE

SectorIT Services

IndustryInformation Technology Services

CountryIndia

Employees1,52,206

HeadquartersPune, India

Websitewww.techmahindra.com

Filings tracked5

About Tech Mahindra

Tech Mahindra Limited provides information technology services and solutions in India, the Americas, Europe, and internationally. The company offers TechM AppGinieZ, a software development lifecycle acceleration platform; Swifter.io, a software engineering platform; ADMSNXT Reforge, an application modernization platform; Autonomous Operations Center, an AI-powered operations platform; and New Age Delivery Platform for DevSecOps and engineering. It also provides LitmusT, a quality engineering and intelligent testing platform; TechM Orion, an agentic AI platform; Ops amplifAler 4.0 for IT operations; Email amplifAler for visualization and automation; SDLC amplifAler solutions; Zone insights solutions for monitoring of object movement; synthetic data generation, freightwatch solutions, cognitive process monitoring, and guardrails framework for AI; VerifAI for scaling AI; and MobiLytix for marketers. In addition, the company offers netOps.ai, an automated cloud platform; AftEAZE solution for warranty and aftermarket problems; AI maturity assessment, generative AI studio, and generative AI performance monitoring; Vision amplifAler, a vision-based solution; Document amplifAler, a digital assistant; and AI-led care, forecasting workbench, AI store, AI adoption, AIOps solution suite, intelligent asset inspection platform, and legal artificial assistant. Further, the company provides business process services, such as consulting CoE and business-process-as-services; Navixus, a digital transformation suite; Cloud and infrastructure services, including enterprise mainframe, FLEX digital workplace, data center services, and CLOUDNXT.NOW, a cloud service; and digital enterprise applications comprising SAP, Oracle, Salesforce, ServiceNow, enterprise digital solutions, digital process solutions, and Emerging Apps. Additionally, it offers engineering, experience, network, and testing services. The company was incorporated in 1986 and is based in Pune, India.

Who owns it

Promoters37.1%
Institutions44.2%
Public & other18.7%

250 institutional holders

Ownership breakdown from public market data. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend9.1% → 8.5%

Margin has held broadly steady over the period — stable profitability.

Growth qualityrev 2% · PAT -0%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev ₹16,440 Cr · EPS 22.12

Est. earnings growth +45.1%

Next fiscal year

Rev ₹68,712 Cr · EPS 89.02

Est. earnings growth +16.5%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 4

Revenue (FY2026)

₹56,815 Cr

Net margin

8.5%

Revenue CAGR (3y)

+2.2%

Profit CAGR (3y)

-0.2%

Net profit (FY2026)

₹4,802 Cr

Ask MarketChacha about TECHM

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Why it moved

Sep 16, 2026
The Nifty IT index was among the day's weakest sectors as investors positioned ahead of the US Federal Reserve decision, with the prospect of higher US rates adding to existing concerns about demand for India's technology exporters. No company-specific announcement was reported for the stock.
source 1 ↗source 2 ↗· confidence: medium
Sep 15, 2026
Indian IT services stocks rallied after public calls to slow the pace of AI development, which investors read as easing the AI-driven pressure on traditional IT outsourcing demand. The Nifty IT index rose about 5% intraday, its standout session in a sector down roughly 21% year to date.
source 1 ↗source 2 ↗· confidence: high
Sep 9, 2026
Tech Mahindra fell with the Nifty IT index, which settled more than 3% lower. The catalysts cited were the higher US H-1B and L-1 visa fees effective September 9, the US suspension of Cognizant's permanent labour certification filings, and softer US markets on rate-hike repricing.
source 1 ↗· confidence: high
Sep 7, 2026
Fell with the wider Indian IT pack after US non-farm payrolls for August came in at 162,000 versus consensus near 56,000, reviving expectations that the US Federal Reserve keeps rates higher for longer. Investors read that as a risk to discretionary technology spending by US clients, and Nifty IT closed about 2.3% lower.
source 1 ↗source 2 ↗· confidence: high
Sep 3, 2026
Tech Mahindra fell with the IT pack, which was the weakest sector on the day at about -0.85%, as software services shares tracked weakness rather than any Tech Mahindra-specific news.
source 1 ↗source 2 ↗· confidence: medium
Aug 28, 2026
Indian IT services shares rallied after Nvidia's quarterly results, reported the previous evening in the US, came in ahead of expectations and were accompanied by a strong revenue forecast, which lifted global AI and technology sentiment. The Nifty IT index closed as the day's best-performing sector index, up more than 3%.
source 1 ↗source 2 ↗· confidence: high
Jul 28, 2026
Tech Mahindra rose with the broader Nifty IT index (up ~3.8%) as investors rotated into Indian IT services stocks amid a global selloff in AI-linked semiconductor and hardware names, viewing software exporters as steadier or less-exposed AI beneficiaries.
source 1 ↗source 2 ↗source 3 ↗· confidence: high

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about TECHM

Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2026	₹56,815 Cr	₹4,802 Cr	8.5%
FY2025	₹52,988 Cr	₹4,252 Cr	8.0%
FY2024	₹51,996 Cr	₹2,358 Cr	4.5%
FY2023	₹53,290 Cr	₹4,831 Cr	9.1%

Quarterly

Period	Revenue	Net profit	Net margin
Q1 FY27	₹15,712 Cr	₹1,465 Cr	9.3%
Q4 FY26	₹15,076 Cr	₹1,354 Cr	9.0%
Q3 FY26	₹14,393 Cr	₹1,122 Cr	7.8%
Q2 FY26	₹13,995 Cr	₹1,195 Cr	8.5%

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

Filings & announcements

2026

Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
BSE9/19/2026
Allotment of ESOP / ESPS
Allotment of equity shares pursuant to exercise of Employee Stock Options
BSE9/14/2026
Allotment of ESOP / ESPS
Allotment of equity shares pursuant to exercise of Employee Stock Options
BSE8/17/2026
Earnings Call Transcript
Transcript of the quarterly earnings conference call for quarter ended 30 June 2026.
BSE7/22/2026
Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') -ESG Rating
Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (" SEBI Listing Regulations")- ESG Rating
BSE7/21/2026

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.