Tech Mahindra Dividends and Buybacks
Dividend criteria checks 4/6
Tech Mahindra is a dividend paying company with a current yield of 3.49%. Next payment date is on 14th August, 2026 with an ex-dividend date of 3rd July, 2026.
Key information
3.5%
Dividend yield
-0.0007%
Buyback Yield
| Total Shareholder Yield | 3.5% |
| Future Dividend Yield | 5.2% |
| Dividend Growth | 19.6% |
| Next dividend pay date | 14 Aug 26 |
| Ex dividend date | 03 Jul 26 |
| Dividend per share | n/a |
| Payout ratio | 94% |
Recent dividend and buyback updates
Recent updates
Narrative Update • May 03
TECHM: AI Alliances And Dividend Strength Will Support Balanced Medium Term Outlook
Analysts have revised their fair value estimate for Tech Mahindra to ₹1,583 from ₹1,686. This reflects slightly softer assumptions for revenue growth, profit margins and future P/E.
Narrative Update • Apr 19
TECHM: Higher Discount Rate And Richer P/E Will Constrain Future Returns
Analysts have made a modest upward revision to Tech Mahindra's fair value estimate, lifting the implied price target by about ₹9 as they refresh assumptions around growth, margins, discount rate, and future P/E expectations. Analyst Commentary Bearish analysts are treating the latest tweak to Tech Mahindra's fair value as a relatively minor adjustment rather than a strong conviction call, and they are framing it within a broader set of execution and growth risks that they see across IT and technology services names.Narrative Update • Apr 05
TECHM: Higher Discount Rate And Lower P E Multiple Will Pressure Returns
Narrative Update on Tech Mahindra Analysts have reduced the updated fair value estimate for Tech Mahindra from about ₹1,327 to roughly ₹1,205. This reflects recalibrated expectations around discount rates, revenue growth, profit margins and future P/E multiples.Narrative Update • Mar 21
TECHM: AI And Telecom Partnerships Will Support Medium Term Upside Potential
Analysts have increased Tech Mahindra's fair value estimate from ₹1,577.74 to ₹1,686.33, citing updated assumptions around revenue growth, profit margins, a slightly adjusted discount rate, and a modestly lower future P/E multiple. Analyst Commentary Recent changes to Tech Mahindra's fair value estimate reflect a mix of optimism and caution around how the company can execute on its revenue, profitability, and valuation assumptions over time.
Narrative Update • Mar 06
TECHM: AI Partnerships And Margin Discipline Will Support Future Upside
Analysts have inched up their fair value estimate for Tech Mahindra to ₹2,196 from ₹2,182, reflecting slightly higher assumptions for revenue growth, profit margins and the future P/E multiple in their updated price target work. Analyst Commentary Bullish analysts are reading the recent tweak to Tech Mahindra's fair value estimate as a sign that assumptions around growth, profitability and the P/E multiple still support a constructive view on the stock.Narrative Update • Feb 20
TECHM: Tighter P E Multiple Will Likely Undercut The Margin Story
Analysts have trimmed their price target for Tech Mahindra by about ₹20 to reflect a slightly lower fair value and P/E assumption, even as they factor in marginally higher revenue growth and profit margin expectations. Analyst Commentary Bearish analysts appear to be using the recent trim in Tech Mahindra's fair value and P/E assumptions as a reminder of the execution and growth risks that can sit behind headline numbers.Narrative Update • Feb 05
TECHM: AI Partnerships And Execution On Margin Discipline Will Support Future Upside
The updated analyst price target for Tech Mahindra has increased from ₹2,043.82 to ₹2,182.48, with analysts citing adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E as the main drivers of this change. Analyst Commentary Recent updates to Tech Mahindra’s price target reflect a more constructive tone from bullish analysts, who are reassessing the company’s potential execution on growth, profitability and valuation.Narrative Update • Jan 22
TECHM: Higher Margin Assumptions Will Likely Prove Too Optimistic
Narrative Update Analysts have raised their price target on Tech Mahindra to ₹1,347 from about ₹1,171, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that collectively support a higher fair value estimate. Analyst Commentary While the higher fair value estimate for Tech Mahindra reflects more constructive assumptions on growth and profitability, bearish analysts would still flag several risks that could cap valuation if execution does not line up with these inputs.Analysis Article • Jan 21
Tech Mahindra Limited Just Missed EPS By 18%: Here's What Analysts Think Will Happen Next
Investors in Tech Mahindra Limited ( NSE:TECHM ) had a good week, as its shares rose 3.9% to close at ₹1,679 following...Narrative Update • Jan 08
TECHM: AI Partnerships And Margin Discipline Will Drive Future Earnings Upside
Narrative Update Analysts have raised their fair value estimate for Tech Mahindra from ₹1,947.93 to ₹2,043.82 as they factor in slightly higher growth, stronger profit margins, and a modestly richer future P/E multiple in their models. Analyst Commentary Recent research activity around Tech Mahindra signals that bullish analysts are willing to recognize higher fair value when they see a combination of improving growth assumptions, firmer margins, and support for a richer P/E multiple.Narrative Update • Dec 14
TECHM: AI And 5G Solutions Will Drive Earnings Upside Ahead
Analysts have modestly reduced their fair value estimate for Tech Mahindra, trimming the target by roughly ₹70 to about ₹1,948, as slightly lower valuation multiples offset improved expectations for revenue growth and profitability. Analyst Commentary Bullish analysts remain constructive on Tech Mahindra despite the modest trimming of fair value, highlighting improving fundamentals and a more supportive demand backdrop across key verticals.Analysis Article • Dec 01
These 4 Measures Indicate That Tech Mahindra (NSE:TECHM) Is Using Debt Safely
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Nov 29
TECHM: Revenue Momentum And Market Recovery Will Shape Medium-Term Outlook
Narrative Update on Tech Mahindra Analysts have raised Tech Mahindra's fair value estimate from ₹1,568.60 to ₹1,577.74, citing improving fundamentals and steady expectations for revenue growth and profit margin expansion. Analyst Commentary Recent analyst updates reflect a mixed outlook for Tech Mahindra, with both optimism and caution shaping expectations for the company’s performance and valuation.Narrative Update • Nov 15
TECHM: Future Profitability And New Partnerships Will Support Resilience Ahead
Analysts have slightly lowered their price target for Tech Mahindra to ₹1,568.60, citing minor adjustments to growth and discount rate assumptions. They also noted stable future profitability metrics.Analysis Article • Nov 09
Returns On Capital At Tech Mahindra (NSE:TECHM) Have Stalled
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...Narrative Update • Oct 31
TECHM: Future Partnerships And Digital Expansion Will Sustain Balanced Performance
Analysts maintained their price target for Tech Mahindra at ₹1,570.83, citing stable forecasts for revenue growth and profit margin as supporting factors behind their unchanged outlook. Analyst Commentary Bullish Takeaways Bullish analysts highlight that Tech Mahindra's consistent revenue growth projections provide a solid foundation for its current valuation.Analysis Article • Oct 18
Earnings Miss: Tech Mahindra Limited Missed EPS By 6.0% And Analysts Are Revising Their Forecasts
Last week saw the newest second-quarter earnings release from Tech Mahindra Limited ( NSE:TECHM ), an important...Narrative Update • Oct 17
BFSI And Healthcare Expansion Will Unlock Global Opportunities
The analyst price target for Tech Mahindra was revised slightly downward from ₹1,605 to ₹1,571, as analysts cited a minor increase in the discount rate. However, they noted projected improvements in revenue growth and profit margin that support the updated outlook.Narrative Update • Oct 03
BFSI And Healthcare Expansion Will Unlock Global Opportunities
The analyst price target for Tech Mahindra has been slightly reduced to ₹1,605 from ₹1,626. Analysts cite modest adjustments in projected growth rates and profit margins as key factors behind the revision.Narrative Update • Sep 05
BFSI And Healthcare Expansion Will Unlock Global Opportunities
With both the consensus analyst price target and key valuation metrics such as Future P/E and discount rate remaining essentially unchanged, analysts see little change to Tech Mahindra's fair value, which stays at ₹1626. What's in the News Tech Mahindra launched TechM Orion, an AI agent development platform powered by NVIDIA, enabling rapid deployment of agentic AI solutions with strong governance, integration capabilities, and industry-specific applications.Analysis Article • Aug 08
Investors Met With Slowing Returns on Capital At Tech Mahindra (NSE:TECHM)
NSEI:TECHM 1 Year Share Price vs Fair Value Explore Tech Mahindra's Fair Values from the Community and select yours Did...Analysis Article • Jul 02
Tech Mahindra's (NSE:TECHM) Earnings Are Weaker Than They Seem
Tech Mahindra Limited ( NSE:TECHM ) announced strong profits, but the stock was stagnant. Our analysis suggests that...Analysis Article • Jun 28
Here's What Analysts Are Forecasting For Tech Mahindra Limited (NSE:TECHM) After Its Annual Results
As you might know, Tech Mahindra Limited ( NSE:TECHM ) recently reported its full-year numbers. Tech Mahindra reported...Analysis Article • Jun 10
We Think Tech Mahindra (NSE:TECHM) Can Manage Its Debt With Ease
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Narrative • Nov 08
Revving Up Growth With Tactical Alliances AI Investments And Cloud Innovations
Strategic partnerships and project initiatives are driving improved margins and expected profitability through operational excellence and cost-efficiency.Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TECHM's dividend payments have been volatile in the past 10 years.
Growing Dividend: TECHM's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Tech Mahindra Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TECHM) | 3.5% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.4% |
| Industry Average (IT) | 4.0% |
| Analyst forecast (TECHM) (up to 3 years) | 5.2% |
Notable Dividend: TECHM's dividend (3.49%) is higher than the bottom 25% of dividend payers in the Indian market (0.29%).
High Dividend: TECHM's dividend (3.49%) is in the top 25% of dividend payers in the Indian market (1.47%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (94%), TECHM's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (82.5%), TECHM's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/08 05:11 |
| End of Day Share Price | 2026/05/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tech Mahindra Limited is covered by 63 analysts. 41 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pulkit Chawla | 360 ONE Capital Market Private Limited |
| Ashwin Mehta | Ambit Capital |
| Sushovon Nayak | Anand Rathi Shares and Stock Brokers Limited |