TECHM
TECH MAHINDRA LIMITED
Each stock's 10,000-path forecast, rendered as light.
TECH MAHINDRA LIMITED (TECHM) Stock Analysis & Case Study
Is TECHM a good buy? The data-driven verdict.
TECH MAHINDRA LIMITED (TECHM) trades at ₹1,635,on the numbers it worth a closer look, a Downstox Snapshot Score of 55/100.
On the numbers, TECH MAHINDRA LIMITED (TECHM) worth a closer look, a Downstox Snapshot Score of 55/100, weighing premium at 30.1× earnings, ROE of 17.5%, a 59% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
TECHM fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How TECHM ranks against the 2,373 companies in our screener
- TECHM's market cap of 1.60L Cr ranks in the top 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TECHM's book value of ₹302 ranks in the 81st percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TECHM's promoter holding of 35.0% ranks in the 12th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TECHM's 3-year profit (PAT) growth of 1.0% ranks in the 30th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TECHM's 3-year revenue growth of 2.0% ranks in the 27th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TECHM's debt-to-equity ratio of 0.07x is lower than 82% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is TECHM overvalued? TECHM P/E vs its IT
TECHM's P/E of 30.1× sits above the IT peer median of 20.3×, so on earnings it screens richer than peers, while its 3.12% dividend yield is above the peer median of 3.12%.
TECHM share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of TECHM history (12%/yr drift, 27%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| TECHM 2027 | ₹1,236 | ₹1,734 | ₹2,433 | +6% |
| TECHM 2028 | ₹1,124 | ₹1,839 | ₹3,009 | +12% |
| TECHM 2029 | ₹1,065 | ₹1,950 | ₹3,570 | +19% |
| TECHM 2030 | ₹1,037 | ₹2,068 | ₹4,125 | +26% |
| TECHM 2031 | ₹1,016 | ₹2,193 | ₹4,733 | +34% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability TECHM goes up, or doubles?
The bull case for TECHM
- TECHM's return on equity of 17.5% ranks in the 79th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TECHM's return on capital employed of 23.1% ranks in the 86th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TECHM's dividend yield of 3.1% ranks in the top 5% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹3,570.
The bear case & risks
- TECHM's P/E of 30.1x is lower than 46% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹1,065.
TECHM volatility & expected range, how bumpy is the ride?
Over the last 9.8 years TECHM compounded at 12%/year with annualized volatility of 27%. That volatility implies a 1-year 80% range of ₹1,236-₹2,433, the honest backbone behind any single price target.
TECHM price forecast, the full 60-month probability fan
TECHM price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds TECHM hits common targets within the simulated horizon?
Full multi-horizon detail on the TECHM price target & forecast page.
TECHM Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. TECHM scores 6/8, mixed financial health.
TECHM MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy TECHM with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 25.32% | 3.9× |
| Zerodha | 24.60% | 4.1× |
| Groww | 24.63% | 4.1× |
| Dhan | 23.00% | 4.3× |
| Kotak NeoCHEAPEST | 21.79% | 4.6× |
| Paytm Money | 22.05% | 4.5× |
| Pocketful | 28.93% | 3.5× |
| Anand Rathi | 28.79% | 3.5× |
| Bajaj Broking | 23.00% | 4.3× |
| Share India | 28.90% | 3.5× |
Compare every broker on the TECHM MTF page.
TECHM vs peers,IT comparison
| Stock | P/E | Div yield | Market cap |
|---|---|---|---|
| TECHM (this stock) | 30.1× | 3.12% | ₹1.60L Cr |
| TCS | 16.5× | 2.61% | ₹8.87L Cr |
| INFY | 15.3× | 4.08% | ₹4.77L Cr |
| HCLTECH | 20.3× | 3.98% | ₹3.68L Cr |
| WIPRO | 14.0× | 5.87% | ₹1.86L Cr |
| PERSISTENT | 43.4× | 0.73% | ₹86,368 Cr |
| COFORGE | 41.0× | 0.68% | ₹78,663 Cr |
Fundamentals from Screener.in, as of 9 Aug 2026
About TECH MAHINDRA LIMITED: sector, index & market-cap context
TECH MAHINDRA LIMITED (TECHM) is a large-cap NSE-listed company in the IT sector, and a constituent of the Nifty 50 index, with a market capitalisation of ₹1.60L Cr. See more stocks on our screener.
How the TECHM Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of TECH MAHINDRA LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
TECHM analysis, FAQs
Is TECH MAHINDRA LIMITED (TECHM) a good buy?
On the numbers, TECH MAHINDRA LIMITED (TECHM) worth a closer look, a Downstox Snapshot Score of 55/100, weighing premium at 30.1× earnings, ROE of 17.5%, a 59% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is TECHM overvalued or undervalued?
TECHM trades at 30.1× earnings versus a peer median of 20.3×, so it screens richer than its IT peers.
What is the TECHM share price target for 2031?
TECHM's probability-weighted 2031 median target is ₹2,193, with an 80% range of ₹1,016-₹4,733 (10,000-path Monte-Carlo).
What is the probability TECHM doubles in 5 years?
The modelled probability of TECHM reaching ₹3,270 (2×) within 5 years is 25%.
What is the bull case for TECHM?
TECHM's return on equity of 17.5% ranks in the 79th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. TECHM's return on capital employed of 23.1% ranks in the 86th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. TECHM's dividend yield of 3.1% ranks in the top 5% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in TECHM?
TECHM's P/E of 30.1x is lower than 46% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.