Leading global provider of consultancy, business reengineering, and digital transformation services is Tech Mahindra. The company has been able to successfully navigate the fast evolving technological landscape and establish itself as a vital participant in the IT industry thanks to a strong focus on innovation. Tech Mahindra has a history of continually providing value to all of its stakeholders through its cutting-edge products and client-focused philosophy. As a result, the company has outperformed many of its industry counterparts, and its share price has been on an upward trend over time. In order to analyse Tech Mahindra’s share price target for the years 2023 to 2027, we’ll look more closely at the company’s financial performance, market trends, and growth prospects in this article.
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TECH MAHINDRA IN RECENT NEWS
- For $11.1 million, Tech Mahindra will purchase an additional 29% of the equity shares in Tech Mahindra Arabia Limited, bringing its total interest to 80%, the firm disclosed in an exchange filing. The purchase will strengthen Tech Mahindra’s position and enable it to compete more effectively in the area.
- The world’s first franchisee-based chess tournament, the Global Chess League (GCL), will be launched by IT services giant Tech Mahindra in partnership with FIDE.
- Due to difficulties encountered by BFSI, telecom, and high-tech clients in the western markets, JP Morgan has lowered its revenue projection for IT firms Tech Mahindra and Mphasis for the financial years 2024 and 2025 by up to 3–8%.
- In Q4 FY23, Tech Mahindra’s net profit decreased by 26%. In the fourth quarter, operating revenue increased by 13.2% year over year to 13,718 crore.
TECH MAHINDRA SHARE PRICE TARGET 2023
| TECH MAHINDRA SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| May 2023 | ₹910.63 | ₹700.48 |
| June 2023 | ₹1,092.75 | ₹840.58 |
| July 2023 | ₹1,311.30 | ₹1,008.69 |
| August 2023 | ₹1,442.43 | ₹1,109.56 |
| September 2023 | ₹1,514.55 | ₹1,165.04 |
| October 2023 | ₹1,442.43 | ₹1,109.56 |
| November 2023 | ₹1,586.67 | ₹1,220.52 |
| December 2023 | ₹1,777.07 | ₹1,366.98 |
The expected share price targets for Tech Mahindra in 2023 show some variation throughout the year. May 2023 sees a dip in share price, with the maximum target dropping to ₹910.63 and the minimum target falling to ₹700.48. In June, the share price rebounds, with the maximum and minimum targets matching those of April. July sees a significant increase, with the maximum share price target reaching ₹1,311.30 and the minimum target hitting ₹1,008.69. August sees another increase, with the maximum target rising to ₹1,442.43 and the minimum target hitting ₹1,109.56. September sees a further increase, with the maximum target reaching ₹1,514.55 and the minimum target hitting ₹1,165.04. In October, the share price dips slightly, with the maximum and minimum targets matching those of August. November sees another significant increase, with the maximum share price target hitting ₹1,586.67 and the minimum target rising to ₹1,220.52. Finally, December sees the highest share price targets of the year, with the maximum target hitting ₹1,777.07 and the minimum target rising to ₹1,366.98.
TECH MAHINDRA SHARE PRICE TARGET 2024
| TECH MAHINDRA SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹1,870.60 | 1037.03 |
| February 2024 | ₹2,101.80 | ₹1,751.50 |
| March 2024 | ₹2,212.42 | ₹1,798.72 |
| April 2024 | ₹2,011.29 | ₹1,547.15 |
| May 2024 | ₹1,676.08 | ₹1,289.29 |
| June 2024 | ₹2,011.29 | ₹1,547.15 |
| July 2024 | ₹1,709.60 | ₹1,325.27 |
| August 2024 | ₹1,880.56 | ₹1,492.51 |
| September 2024 | ₹1,974.59 | ₹1,518.91 |
| October 2024 | ₹2,323.04 | ₹1,786.96 |
| November 2024 | ₹2,439.20 | ₹1,876.31 |
| December 2024 | ₹2,487.98 | ₹1,913.83 |
In January 2024, Tech Mahindra’s maximum share price is ₹1,870.60 and the minimum share price is ₹1,037.03. The following month, in February 2024, the maximum share price jumps to ₹2,101.80 with a minimum of ₹1,751.50. In March 2024, the maximum and minimum share prices are ₹2,212.42 and ₹1,798.72 respectively. April 2024 sees a decrease in the share prices, with the maximum price at ₹2,011.29 and the minimum at ₹1,547.15. May 2024 has a further decrease in share prices, with the maximum at ₹1,676.08 and the minimum at ₹1,289.29. June 2024 sees a rebound in share prices, with the maximum and minimum share prices at ₹2,011.29 and ₹1,547.15 respectively. In July 2024, the maximum and minimum share prices are ₹1,709.60 and ₹1,325.27 respectively. In August 2024, the maximum and minimum share prices are ₹1,880.56 and ₹1,492.51 respectively. In September 2024, the maximum and minimum share prices are ₹1,974.59 and ₹1,518.91 respectively. October 2024 sees a significant increase in share prices, with the maximum and minimum share prices at ₹2,323.04 and ₹1,786.96 respectively. In November 2024, the maximum and minimum share prices are ₹2,439.20 and ₹1,876.31 respectively. The year 2024 ends with the maximum share price at ₹2,487.98 and the minimum share price at ₹1,913.83.
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TECH MAHINDRA SHARE PRICE TARGET 2025
| TECH MAHINDRA SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹2,537.74 | ₹1,952.11 |
| February 2025 | ₹2,671.31 | ₹2,054.85 |
| March 2025 | ₹2,804.87 | ₹2,157.59 |
| April 2025 | ₹2,504.35 | ₹1,926.42 |
| May 2025 | ₹2,276.68 | ₹1,751.29 |
| June 2025 | ₹2,504.35 | ₹1,926.42 |
| July 2025 | ₹2,385.09 | ₹1,834.69 |
| August 2025 | ₹2,484.47 | ₹1,911.13 |
| September 2025 | ₹2,608.70 | ₹2,006.69 |
| October 2025 | ₹2,765.22 | ₹2,127.09 |
| November 2025 | ₹2,958.78 | ₹2,275.99 |
| December 2025 | ₹3,017.96 | ₹2,321.51 |
In 2025, the Tech Mahindra share price target seems to be on an upward trend. The maximum share price in January 2025 is ₹2,537.74, while the minimum share price is ₹1,952.11. The price continues to increase in February, with a maximum of ₹2,671.31 and a minimum of ₹2,054.85. In March, the share price reaches a new high with a maximum of ₹2,804.87 and a minimum of ₹2,157.59. The trend continues through the year, with the share price reaching a maximum of ₹3,017.96 and a minimum of ₹2,321.51 in December 2025. Overall, the share price seems to be on an upward trajectory in 2025, with the maximum and minimum share price targets increasing gradually throughout the year.
TECH MAHINDRA SHARE PRICE TARGET 2026 TO 2030
| TECH MAHINDRA SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹2,112.57 | ₹1,478.80 |
| 2027 | ₹1,795.69 | ₹1,256.98 |
| 2028 | ₹3,232.23 | ₹2,262.56 |
| 2029 | ₹6,639.51 | ₹4,647.66 |
| 2030 | ₹7,394.00 | ₹5,175.80 |
According to the data provided, Tech Mahindra’s share price target for the year 2026 is expected to have a maximum of ₹2,112.57 and a minimum of ₹1,478.80. Moving forward, in 2027, the maximum and minimum prices are expected to be ₹1,795.69 and ₹1,256.98, respectively. In the year 2028, the share price is expected to see a significant increase, with a maximum target of ₹3,232.23 and a minimum target of ₹2,262.56. By 2029, the share price is expected to have a further boost, with a maximum target of ₹6,639.51 and a minimum target of ₹4,647.66. Finally, in 2030, Tech Mahindra’s share price is expected to reach a maximum target of ₹7,394.00 and a minimum target of ₹5,175.80.
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FINANCIAL STRENGTH OF TECH MAHINDRA (2018 TO 2022)
| ANNUAL | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
| Total Revenue | 45,758.30 | 38,642.20 | 38,060.10 | 35,276.30 | 32,189.40 |
| Total Revenue Growth (%) | 18.42 | 1.53 | 7.89 | 9.59 | 7.59 |
| Total Expenses | 38,309.00 | 32,690.50 | 32,996.80 | 29,667.60 | 27,310.70 |
| Total Expenses Growth (%) | 17.19 | -0.93 | 11.22 | 8.63 | 4.79 |
| Profit after Tax (PAT) | 5,566.10 | 4,428.00 | 4,033.00 | 4,297.60 | 3,799.80 |
| PAT Growth (%) | 25.70 | 9.79 | -6.16 | 13.10 | 35.08 |
| Operating Profit Margin (%) | 17.04 | 16.18 | 14.25 | 16.52 | 16.38 |
| Net Profit Margin (%) | 12.46 | 11.69 | 10.93 | 12.37 | 12.34 |
| Basic EPS (₹) | 63.32 | 50.64 | 46.21 | 48.47 | 43.02 |
Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services, has witnessed steady growth in its revenue and profits over the last five years. In FY 2022, the company’s total revenue was ₹45,758.30 crore, representing a growth rate of 18.42% from the previous fiscal year. Similarly, the company’s profit after tax (PAT) increased by 25.70% to reach ₹5,566.10 crore in FY 2022, compared to the previous year. The company’s operating profit margin also saw a slight improvement, reaching 17.04% in FY 2022. The basic earnings per share (EPS) have also shown a positive trend, reaching ₹49.59 in May 2023. Whereas Price-to-Earning ratio and Price-to-Book ratio have decreased to 21.10 and 4 respectively.
Moreover, Tech Mahindra has managed to keep its expenses in check, despite the growth in revenue, with the total expenses growing at a slower rate of 17.19% compared to the previous year. The net profit margin has also improved, with the company earning a profit of 12.46% on every rupee of revenue generated. In terms of percentage growth, the company’s revenue grew at an impressive rate of 18.42% in FY 2022, while its PAT grew by 25.70%. However, the PAT growth rate in FY 2020 was negative at -6.16%.
Overall, Tech Mahindra has maintained a steady growth trajectory over the last five years, with its revenue and profits consistently increasing, barring a few dips. The company has managed to balance its growth with cost management, which has resulted in improved profitability.
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FAQ’s
What is the maximum share price target of Tech Mahindra in 2026?
The maximum share price target of Tech Mahindra in 2026 is Rs. 2,112.57
What is the maximum share price target of Tech Mahindra in 2027?
The maximum share price target of Tech Mahindra in 2027 is Rs. 1,795.69
What is the maximum share price target of Tech Mahindra in 2028?
The maximum share price target of Tech Mahindra in 2028 is Rs. 3,232.23
What is the maximum share price target of Tech Mahindra in 2029?
The maximum share price target of Tech Mahindra in 2029 is Rs. 6,639.51
What is the maximum share price target of Tech Mahindra in 2030?
The maximum share price target of Tech Mahindra in 2030 is Rs. 7,394.00
CONCLUSION: TECH MAHINDRA SHARE PRICE TARGET
The company has exhibited consistent increase in revenue and profits over the last five years, with positive percentage growth in both sectors, according to Tech Mahindra’s financial data. Over the years, the company’s PAT has likewise steadily increased, with a notable improvement in FY 2022. Additionally, both the operational and net profit margins have stayed consistent throughout time. These financial factors point to Tech Mahindra as a business with solid financial standing and a promising future. It is crucial to remember that there are more aspects to take into account when deciding whether to purchase a company’s stock, including market trends, industry competitiveness, and general economic conditions.
