Obermatt

Tech Mahindra

NSI:TECHM · INE669C01036
IT ServicesX-Large

360

78
EV / EBIT27
Price / Owner Earnings37
Owner Earnings Yield39
Dividend Yield79
Price/Sales54
EV / Gross Profit48
Price/Book36
Return on Capital63
Cash Return on Capital69
Return on Equity48
EBIT Margin62
Gross Profitability88
Cash Conversion36
Owner Earnings Margin65
Sales growth41
Profit Growth77
Long-Term EPS Growth85
Reinvestment83
Price momentum53
Debt load74
Refinancing54
Debt Payback100
Liquidity67
Analyst ratings31
Opinion Changes50
Price Target Upside18
Market mood47
Value Creation13/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Tech Mahindra clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryIndia
IndustryIT Services
SizeX-Large
TypePublic Company
ExchangeNSEI
Founded1986
Employees112,808
ISININE669C01036
Last UpdateApr 2, 2026
Themes
Machine LearningBlockchainNatural Language ProcessingDevSecOpsChatbotSoftware DevelopmentArtificial IntelligenceArtificial Intelligence AIConsultingNetwork SecurityTelecommunications

Description

Analysis

Middle-of-the-road

Tech Mahindra Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is fair. You pay 19.9× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 6% yearly growth; analysts expect 16%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is sturdy. The company scores 13/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
98
2023202420252026

All-time high

98

Jun 2026

All-time low

6

Feb 2024

Average rank

53

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
54
58
62
66
Price/Earnings
40
38
50
65
Price/Book
36
37
50
52
Dividend Yield
79
75
76
84
Value (overall)
59
54
47
72

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →