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TECHM - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.7

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 3.7

Stock Code TECHM Market Cap 1,35,761 Cr. Current Price 1,386 ₹ High / Low 1,854 ₹
Stock P/E 32.3 Book Value 221 ₹ Dividend Yield 3.25 % ROCE 18.2 %
ROE 14.0 % Face Value 5.00 ₹ DMA 50 1,475 ₹ DMA 200 1,523 ₹
Chg in FII Hold -2.66 % Chg in DII Hold 3.15 % PAT Qtr 1,139 Cr. PAT Prev Qtr 1,176 Cr.
RSI 42.2 MACD -54.6 Volume 30,64,704 Avg Vol 1Wk 22,29,827
Low price 1,209 ₹ High price 1,854 ₹ PEG Ratio -2.29 Debt to equity 0.05
52w Index 27.4 % Qtr Profit Var 32.7 % EPS 41.1 ₹ Industry PE 20.9

📊 Financials

  • Revenue Growth: Stable, PAT at 1,139 Cr (slightly lower than 1,176 Cr previous quarter)
  • Profit Margins: EPS of 41.1 ₹ indicates profitability
  • Debt Ratios: Very low debt-to-equity (0.05), strong financial discipline
  • Cash Flows: Healthy, supported by consistent profits
  • Return Metrics: ROCE 18.2% and ROE 14.0% show solid efficiency

💹 Valuation

  • P/E Ratio: 32.3, higher than industry average (20.9), suggesting premium valuation
  • P/B Ratio: ~6.3 (Current Price / Book Value), relatively high
  • PEG Ratio: -2.29, reflecting weak growth prospects relative to valuation
  • Intrinsic Value: Slightly overvalued compared to sector peers

🏢 Business Model & Health

  • Business Model: IT services and consulting, diversified across industries
  • Competitive Advantage: Strong global presence, established client base
  • Overall Health: Financially sound, though growth momentum is slowing

🎯 Entry Zone Recommendation

  • Entry Zone: Attractive near 1,250–1,300 ₹ levels (close to support)
  • Long-Term Holding: Suitable for moderate investors; dividend yield (3.25%) adds stability


✅ Positive

  • Consistent profitability with strong EPS
  • Healthy dividend yield (3.25%) provides investor returns
  • Low debt-to-equity ratio ensures financial stability

⚠️ Limitation

  • P/E ratio higher than industry average, indicating overvaluation
  • PEG ratio negative, reflecting weak growth outlook
  • Stock trading below DMA 50 and DMA 200, showing bearish trend

📉 Company Negative News

  • FII holdings decreased (-2.66%), showing reduced foreign investor confidence
  • Technical indicators (RSI 42.2, MACD -54.6) suggest weak momentum

📈 Company Positive News

  • DII holdings increased (+3.15%), showing domestic institutional support
  • Quarterly profit variation positive (32.7%), indicating operational resilience

🏭 Industry

  • IT services industry P/E: 20.9, lower than TECHM’s valuation
  • Sector remains competitive, with strong demand for digital transformation

🔎 Conclusion

  • TECHM is financially strong with consistent profits and dividends
  • Valuation is on the higher side compared to industry peers
  • Best suited for long-term investors seeking stability and dividends, but entry should be near support levels (1,250–1,300 ₹)

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