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Tech Mahindra Ltd Share Price Target 2025, 2026, 2027, 2030

2026-06-19 · 4 min read

Sector - Finance
Tech Mahindra Ltd Share Price Target 2025, 2026, 2027, 2030

Tech Mahindra Ltd is one of India’s major IT services companies, but it has never been a plain vanilla IT stock.


Tech Mahindra Ltd Share Price Target

 

It carries a different personality from Infosys, TCS or HCLTech. Where some IT peers built their market reputation through banking, enterprise software, cloud migration or consulting depth, Tech Mahindra’s DNA has historically been tied to telecom, engineering, networks, digital transformation and large enterprise outsourcing.


Financial Table for Tech Mahindra

Market Cap₹ 1,36,929 Cr.(As of June 2026)
Price to Earnings27.4
Return on equity17.6%
Debt to equity0.07
Current ratio1.90
Dividend Yield3.65%
Return on assets10.7%
ROCE23.1%
Face Value₹5
52 Week High₹1,854
52 Week Low₹1,304

Tech Mahindra Shareholding Pattern



Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Promoters

35.85%

35.76%

35.26%

35.17%

35.08%

35.00%

34.97%

FIIs

39.67%

38.32%

34.27%

26.87%

24.15%

22.95%

18.59%

DIIs

13.20%

14.39%

18.05%

25.68%

29.42%

32.13%

37.34%

Government

0.17%

0.17%

0.17%

0.17%

0.17%

0.17%

0.17%

Public

11.11%

11.36%

12.25%

12.07%

11.16%

9.74%

8.94%

Others

0.01%

0.01%

0.00%

0.00%

0.00%

0.00%

0.00%

No. of Shareholders

4,55,664

5,30,921

7,31,453

9,36,534

8,48,484

7,61,701

7,38,055



Tech Mahindra Share Price Target 2026, 2027, 2028 to 2030

YEAR 2026

Target Range (₹) : 1300-1500

for the move Global economic uncertainty may delay technology budgets. 2. Projected Targets:
YEAR 2027

Target Range (₹) : 1500-1800

for the move Improved margins may lead to valuation re-rating. 3. Projected Targets:
YEAR 2028

Target Range (₹) : 1800-2000

for the move Stronger presence in BFSI, manufacturing, healthcare, and retail sectors. 4. Projected Targets:
YEAR 2029

Target Range (₹) : 2500-2700

for the move Higher-quality deal wins could improve margins further. 5. Projected Targets:
YEAR 2030

Target Range (₹) : 3000-3200

for the move Banking, manufacturing, healthcare, and AI may become the company's largest verticals. Disclaimer: The information provided above is for educational and informational purposes only. Investing in stocks involves risks. Please consult your financial advisor or conduct your own research before making any investment decisions.

Historic Performance:

Tech Mahindra Share Price Target 2020, 2021, 2022, 2023, 2024 & 2025

YEAR 2020

Yearly returns : 27%

Start of the year price766
End of the year price973
Reason : Increased demand for cloud migration, cybersecurity, and digital services.
YEAR 2021

Yearly returns : 83%

Start of the year price976
End of the year price1790
Reason : Large deal wins increased significantly.
YEAR 2022

Yearly returns : -43%

Start of the year price1795
End of the year price1016
Reason : Global recession concerns caused clients to reduce discretionary IT spending.
YEAR 2023

Yearly returns : 25%

Start of the year price1017
End of the year price1272
Reason : Investors welcomed leadership change after years of underperformance relative to peers.
YEAR 2024

Yearly returns : 34%

Start of the year price1273
End of the year price1706
Reason : Increased focus on BFSI (Banking, Financial Services & Insurance) to reduce dependence on telecom clients.
YEAR 2025

Yearly returns : -6.47%

Start of the year price1700
End of the year price1590
Reason : U.S. macroeconomic uncertainty affected discretionary technology spending.

Conclusion

Tech Mahindra is a serious turnaround story in Indian IT. FY26 showed that the company is improving profitability, winning large deals and moving closer to its margin goals. The dividend profile is attractive, the balance sheet is comfortable, and the company has enough scale to benefit when global IT spending improves.

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