Information Technology · NSE: TECHM
Intrynsic's multi-model valuation estimates Tech Mahindra Limited's fair value at ₹662 per share (range ₹388–₹1,039) against a market price of ₹1,511 - a gap of -56.2% (updated 29 September 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹1,511
close of 29 Sept 2026
Est. fair value
₹662
₹388–₹1,039
Gap
-56.2%
price vs estimate
Trading ~56% above our estimated fair-value range. Assumptions and per-model workings are below.
Tech Mahindra is a large Indian IT services company with a heavy focus on telecom clients, alongside manufacturing, banking and healthcare. It is working to lift margins closer to those of larger peers.
Information Technology · IT - Software
Over the last 3 years, revenue grew 2.2%/yr and profit grew -0.4%/yr.
Every ₹100 of shareholder money earned ₹16.2 in profit last year, vs a sector median of 9.9%.
It holds more cash than debt.
The market price is above our estimated fair-value range (based on stated assumptions).
About ₹114 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.
Intrynsic values Tech Mahindra Limited with 4 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| DCFFuture Cash Flows Method | ₹662 | -56% | - |
| EV/RevenueRevenue Multiple Method | ₹1,281 | -15% | - |
| EV/EBITDAIndustry Comparison Method | ₹1,039 | -31% | - |
| DDMDividend Discount Method | ₹388 | -74% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 28.7% a year for the next decade - versus 6.2% historical revenue growth.
| Revenue | ₹56,815 Cr | |
| Net profit | ₹4,806 Cr | |
| EPS | ₹49.1 | |
| Free cash flow | ₹5,476 Cr | |
| ROE (latest) | 16.2% | |
| Revenue growth (CAGR) | 7.7% | |
| Profit growth (CAGR) | 6.0% |
Intrynsic's multi-model valuation estimates Tech Mahindra Limited's fair value at ₹662 per share (range ₹388–₹1,039), last updated 29 September 2026. This is an estimate based on stated assumptions, not investment advice.
Tech Mahindra Limited trades at ₹1,511 against Intrynsic's estimated fair value of ₹662 - the market price is 56% above the estimate, i.e. above our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
Tech Mahindra Limited trades at about 30.8 times its latest annual earnings per share.
Tech Mahindra is a large Indian IT services company with a heavy focus on telecom clients, alongside manufacturing, banking and healthcare. It is working to lift margins closer to those of larger peers.
Intrynsic runs 4 valuation models for Tech Mahindra Limited (DCF, EV/Revenue, EV/EBITDA, DDM) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy