Information TechnologyLarge capRs 135,155 crRs 266.9 cr traded a dayDigitalInformation technology
Close on 10 September 2026
1,525.80
+1.18%
52-week range44% of the way up
1,331.701,768.40
Market cap
135,155 cr
P/E (TTM)
27.3×
industry 25×
EPS (TTM)
55.88
Revenue YoY
+20.8%
Q1 FY27
Profit YoY
+71.9%
Net margin
9.5%
+2.8pt vs a year ago
Growth trend
+3.7pt
vs last quarter’s YoY
1 month
-6.1%
Below 52w high
15.9%
RSI (14)
40
Daily swing
2.6%
average true range
Volume
0.7×
vs 20-day average
Traded
Rs 267 cr
median day
Close200-day averageMaterial filing
260 sessions · hover for the filing behind a move
Key metrics
each ranked against every stock scanned tonight
Above the 200-day average
Around the median
+0.7%
One-year return
Around the median
+1.4%
Return on capital employed
Above the median
20.9%
Debt to equity
Above the median
0.07×
Profitable quarters, last four
of the last four reported
4 of 4
Cash conversion
cash from operations against reported profit
125%
Revenue growth, year on year
latest reported quarter
+20.8%
Below the 52-week high
from the highest close of the year
-13.7%
1 week
−4.52%
1 month
−6.10%
3 months
+7.03%
6 months
+10.15%
1 year
+1.36%
The read
written from the numbers on this page
The evidence leans constructive8 supporting, 1 against, 1 worth knowing
Supporting
trading 1% above its 200-day average
up 1% over twelve months
matches profit that turns into cash, which has beaten the market by +2.73 points over 20 sessions across 9,184 past signals
8 of the scans it matches have a positive measured record
4 independent kinds of evidence agree today, which is uncommon
revenue grew 21% year on year in the quarter ending 30 June 2026
net margin has widened from 7.4% to 9.5% across four quarters
futures show a long buildup — the move is being funded by new positions
Against
1 of the scans it matches has historically underperformed the market
Worth knowing
the 50-day and 200-day averages disagree, which usually means a turn in progress rather than a trend to lean on
TECHM sits in Digital, Information technology — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close below 1,516, its 200-day average; open interest reversing while price keeps going.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.
What is working, what is not
from the filings and from the price, with the figure behind every line
Working5
Profit rose year on year in all 4 of the last 4 quarters.
4
Tech Mahindra holds more cash than borrowings, with Rs 5,046 cr cash against Rs 2,186 cr borrowings.
Rs 5,046 crRs 2,186 cr
Tech Mahindra's operating cash flow was Rs 6,172 cr against Rs 4,950 cr profit, at 125%.
Rs 6,172 crRs 4,950 cr125%
3 different kinds of evidence point at it tonight, not 3 versions of the same one.
3 families
Rs 267 crore changes hands on a median day, so an ordinary order is not the reason it moves.
Rs 267 cr
Needs watching1
IT is 84% of revenue, so the business rests on one segment.
IT84%
Every figure here is computed — from the company’s own filings, or from its own closing prices. Wording of 4 of these 4 filing lines was drafted by a language model, which is given the figures and may not introduce another — any sentence containing a number that did not come from the filings is discarded before it reaches this page.
How it has performed
price return over each window, beside the median NSE stock over the same days
What the scans say today
11 of 47 matched on 10 Sep
TECHM matches 11 of the 47 scans today, across 4 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.
segments and revenue mix, as the company reports them
TECHM reports 2 business segments. The largest is IT at 84% of revenue in the quarter ending 30 June 2026. On these numbers this is effectively a single-segment business, so the group result and that segment’s result move together.
SegmentRevenueSharevs a year ago
IT13,245 cr84.3%—
BPS2,467 cr15.7%—
Segment names are the company’s own, taken verbatim from the reportable-segment disclosure in its quarterly XBRL filing. Nothing on this page describes the business in words we wrote.
Quality of the business
balance sheet as at 31 March 2026
Return on equity
16.7%
trailing profit over shareholders’ funds
Return on capital
20.9%
pre-tax profit over equity plus borrowings
Debt to equity
0.07×
2,186 cr borrowed against 29,615 cr of equity
Net debt
2,860 cr
cash exceeds borrowings
Cash conversion
125%
operating cash flow as a share of profit
Receivable days
83
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.
Valuation against its own history
500 sessions since 26 September 2024
27×
median 35×
47×
now 27×
TECHM trades at 27× trailing earnings, below its median of 35× over this window — 22% less expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.
Other filing filings were typically +0.01pt vs the market over the next 5 sessions (n=17,202)
The business
from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.
Going for it
revenue grew 21% against the same quarter a year earlier
profit rose 72% year on year
net margin widened from 9.0% to 9.5%
revenue rose in 3 of the last 4 quarters
Going against it
nothing clear in the filed numbers
Quarter-by-quarter numbers, as filed
Quarter
Revenue
Profit before tax
Net profit
EPS
Net margin
Q1 FY27
30 Jun · consolidated
15,712
2,046
1,486
16.53
9.5%
Q4 FY26
31 Mar · consolidated
15,076
1,791
1,356
15.27
9.0%
Q3 FY26
31 Dec · consolidated
14,393
1,504
1,119
12.66
7.8%
Q3 FY25
31 Dec · consolidated
13,286
1,297
989
11.10
7.4%
Q2 FY25
30 Sep · consolidated
13,313
1,713
1,257
14.12
9.4%
Q1 FY25
30 Jun · consolidated
13,005
1,175
865
9.62
6.6%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.
Where the price stands
the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-3.1%
Versus 200-day average+0.7%
Below 52-week high-13.7%
Above 52-week low+14.6%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)39.8
Higher closes in last 51 of 5
Six-month return+10.15%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)2.60%
Volume versus 20-day0.7x
Median daily turnoverRs 266.9 cr
Derivatives
near expiry 2026-09-29 · 2026-09-10
Long Buildup
Price up, open interest up. New buyers are arriving rather than old sellers leaving — the move is being funded, not squeezed.
Futures basis versus spot+0.23%
Open interest change+1.7%
Put / call ratio0.65
Put wall (support)1,440
Call wall (resistance)1,600
Max pain1,560
How to read this
Open interest is contracts still open, so a rise means new positions and a fall means positions closing. Combined with price direction that gives the state on the left. The walls are the strikes carrying the most open interest near expiry — levels other people are watching, not levels the price is obliged to respect. A future below spot means sellers are paying to be short.
Peers
Information Technology · 36 classified companies
TECHM trades at 27.3× trailing earnings against an industry median of 24.9× across 34 other classified companies in its industry — priced roughly in line with them. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet
Recent sessions
what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.