Tech Mahindra

NSE: TECHMComputers - Software & Consulting

Share price

₹1,496.20

+0.34% close of 8 Oct 2026

Market cap ₹1.33L CrP/E 24.9

Business score

How strong the business is, in one number. The parts behind it are in Pro.

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1.33L Cr

P/E ratio

24.9

P/B ratio

5.0

ROCE

23.1%

ROE

17.5%

Dividend yield

3.5%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹1,768.4052-week low ₹1,331.70

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 11.0% over the past year, and 19.8% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 17.1% to 16.6% over the last four years.

Whether it grew faster than its sector

It grew 19.8% a year against a sector median of 14.5% — 5.3 percentage points faster.

Room to re-rate, or risk of de-rating

At 24.9× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 14.0×, across 5 companies. It is against its own five-year median of 27.7×, the 33rd percentile of its own range.

Whether growth justifies the valuation

Priced at 24.9 times its growth rate, on earnings growth of 1%.

	Profit growth	Price per ₹1 profit	Per 1% growth
Tech Mahindra — this one	1%/yr	24.9×	₹24.9
Tata Consultancy Services	8%/yr	14.0×	₹1.7
Infosys	8%/yr	12.9×	₹1.6
HCL Technologies	6%/yr	17.6×	₹2.9
Wipro	5%/yr	12.6×	₹2.5
LTIMindtree Limited	7%/yr	20.9×	₹3.0

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Computers - Software & Consulting), it ranks 22 of 53 on returns, 19 of 49 on growth, 36 of 52 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 23.1% on capital, ahead of 58% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹29191 crore of cash from the business, spent ₹3570 crore on plant and equipment, and returned ₹25441 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 127 arrived as cash (before interest, which is why it can exceed the profit).

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 9 checks clear · 100%

Latest result

What the last results showed. Whether management kept its word is in Pro.

Results are expected soon.

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap: ₹1.33L Cr
Prev close: ₹1,496.20
52w High: ₹1,854
52w Low: ₹1,304
Enterprise value: ₹1.26L Cr
Beta: 0.8
Price CAGR 1y: 2.0%
Price CAGR 3y: 7.0%
Price CAGR 5y: 1.0%
Price CAGR 10y: 13.0%

Ratios

Return on assets: 9.8%
PEG ratio: 27.6
P/E ratio: 24.9
P/B ratio: 5.0
EV / EBITDA: 12.8
Industry P/E: 18.1
ROCE: 23.1%
ROCE 5y average: 20.4%
ROE: 17.5%
Debt / Equity: 0.1
Interest coverage: 20.5
Dividend yield: 3.5%
ROE 3y average: 13.0%
ROE last year: 18.0%

Annual P&L

Annual revenue: ₹56,815 Cr
Annual profit: ₹4,806 Cr
Operating margin: 16.0%
Net profit margin: 8.5%
EBITDA margin: 15.9%
Sales growth 3y: 2.2%
Sales growth 5y: 8.5%
Profit growth 3y: 1.0%
Profit growth 5y: 2.0%
EPS: ₹49.1
Sales growth TTM: 11.0%
Profit growth TTM: 17.0%
Dividend payout: 94.0%

Quarter P&L

Sales latest quarter: ₹15,712 Cr
Profit latest quarter: ₹1,486 Cr
YoY quarterly sales growth: 17.7%
YoY quarterly profit growth: 31.6%
OPM latest quarter: 17.4%

Balance Sheet

Book Value: ₹334
Face Value: ₹5.0
Total debt: ₹2,186 Cr
Total cash: ₹5,105 Cr
Borrowings: ₹2,186 Cr
Reserves / Equity: 65.9

Cash Flow

Operating cash flow: ₹6,172 Cr
Free cash flow: ₹5,626 Cr
FCF yield: 4.0%
Net cash flow: ₹728 Cr

Shareholding

Promoter holding: 35.0%
FII holding: 18.7%
DII holding: 36.9%
Public holding: 9.3%

Peer comparison

Company	Price ₹	P/E	Mkt cap ₹ Cr	Div yield %	Profit qtr ₹ Cr	Profit var %	Sales qtr ₹ Cr	Sales var %	ROCE %
TCS	2,072.55	14.0	7,49,867	3.08	13,420.0	8.4	72,275.0	13.9	63.0
Infosys	998.70	13.0	4,05,300	4.81	7,775.0	12.3	48,211.0	14.0	40.0
HCL Technologies	1,185.10	17.8	3,21,597	4.61	4,626.0	20.3	34,579.0	13.9	30.4
Wipro	159.50	11.9	1,57,990	6.94	3,356.3	0.7	24,478.6	10.6	17.8
Tech Mahindra	1,496.25	27.6	1,46,656	3.46	1,486.3	28.4	15,711.9	17.7	23.1
LTM	3,939.30	20.9	1,16,848	1.87	1,468.6	16.9	11,608.0	18.0	29.6
Persistent Systems	5,458.00	43.3	86,100	0.73	483.0	13.7	4,303.2	29.1	34.4
Median	212.00	18.8	847	0.33	10.1	13.0	85.7	17.6	22.1

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026

Line item	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	13,159	12,864	13,101	12,871	13,006	13,313	13,286	13,384	13,351	13,995	14,393	15,076	15,712
Expenses	11,821	11,950	11,955	11,772	11,441	11,563	11,477	11,545	11,416	11,830	12,028	12,511	12,974
Material Cost								0	0	0	0	0	0
Change in Inventories								0	0	0	0	0	0
Purchases of Stock-in-Trade								0	0	0	0	0	0
Employee Cost								7,362	7,499	7,629	7,564	7,787	7,877
Other Expenses								4,182	3,917	4,198	4,464	4,724	5,093
Operating Profit	1,338	914	1,146	1,099	1,564	1,750	1,809	1,839	1,935	2,165	2,366	2,565	2,738
OPM %	10	7.11	8.75	8.54	12	13	14	14	14	15	16	17	17
Other Income	200	264	92	380	147	522	23	173	219	40	-293	-205	-106
Exceptional items (within Other Income)								-1.20	0	-2.80	-272	-0.10	0
Interest	120	98	116	58	72	89	76	85	78	77	94	89	111
Depreciation	447	466	443	461	462	470	459	462	458	469	474	481	479
Profit before tax	971	615	679	959	1,178	1,714	1,297	1,464	1,618	1,659	1,505	1,791	2,042
Tax %	28	18	23	31	27	27	24	22	30	28	26	24	27
Net Profit	704	505	524	664	865	1,258	989	1,142	1,129	1,202	1,119	1,356	1,486
EPS in Rs	7.10	5.06	5.23	6.77	8.71	13	10	12	12	12	11	14	15
Diluted EPS in Rs								13	13	13	13	15	17

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	22,621	26,494	29,141	30,773	34,742	36,868	37,855	44,646	53,290	51,996	52,988	56,815	59,176
Expenses	18,428	22,234	24,956	26,063	28,471	31,365	31,059	36,626	45,527	47,489	46,024	47,783	49,342
Material Cost											0	0
Change in Inventories											0	0
Purchases of Stock-in-Trade											0	0
Employee Cost											29,624	30,479
Other Expenses											16,401	17,303
Operating Profit	4,193	4,260	4,184	4,710	6,271	5,503	6,796	8,020	7,763	4,506	6,964	9,033	9,834
OPM %	19	16	14	15	18	15	18	18	15	9	13	16	17
Other Income	106	453	775	1,417	534	1,192	788	1,115	965	927	864	-240	-564
Exceptional items (within Other Income)											8.60	-274
Interest	69	97	129	162	133	192	174	163	326	392	322	337	371
Depreciation	611	759	978	1,085	1,129	1,446	1,458	1,520	1,957	1,817	1,853	1,882	1,902
Profit before tax	3,618	3,857	3,853	4,879	5,543	5,058	5,953	7,452	6,446	3,224	5,653	6,573	6,997
Tax %	27	22	26	22	23	23	27	24	25	26	25	27
Net Profit	2,659	3,027	2,851	3,786	4,289	3,897	4,353	5,630	4,857	2,397	4,253	4,806	5,163
EPS in Rs	27	31	29	39	44	42	46	57	50	24	43	49	52
Diluted EPS in Rs											48	54
Dividend Payout %	22	35	28	33	29	32	89	47	91	150	94	94

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years: 8%
5 years: 8%
3 years: 2%
TTM: 11%

Compounded profit growth

10 years: 5%
5 years: 2%
3 years: 1%
TTM: 17%

Stock price CAGR

10 years: 13%
5 years: 1%
3 years: 7%
1 year: 2%

Return on equity

10 years: 17%
5 years: 16%
3 years: 13%
Last year: 18%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	480	436	439	442	444	436	437	439	440	441	442	443
Reserves	11,768	14,155	15,998	18,401	19,841	21,377	24,428	26,447	27,484	26,228	26,919	29,173
Borrowings	700	1,091	1,366	2,397	1,996	3,670	2,901	2,618	2,740	2,537	2,025	2,186
Other Liabilities	6,899	6,843	8,254	9,192	11,166	11,834	11,836	14,911	15,162	13,943	14,880	17,366
Minority Interest											430	462
Total Liabilities	19,848	22,525	26,057	30,431	33,446	37,318	39,602	44,416	45,827	43,149	44,267	49,168
Fixed Assets	4,033	4,309	6,460	7,622	7,061	8,872	9,018	14,784	14,932	13,903	13,982	14,864
CWIP	568	629	373	240	276	50	118	165	120	133	21	27
Investments	2,103	1,297	2,396	4,841	7,342	5,848	10,238	4,884	3,388	3,238	3,182	3,426
Other Assets	13,145	16,289	16,828	17,728	18,766	22,548	20,228	24,583	27,388	25,875	27,082	30,851
Total Assets	19,848	22,525	26,057	30,431	33,446	37,318	39,602	44,416	45,827	43,149	44,495	49,168

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	2,448	3,137	4,071	3,554	4,432	4,358	8,094	5,285	5,572	6,376	5,786	6,172
Cash from Investing Activity	-1,865	-1,453	-2,893	-3,319	-2,104	1,081	-5,433	480	-226	-1,318	-15	-314
Cash from Financing Activity	-829	-496	-1,571	-269	-2,251	-4,466	-2,987	-4,667	-5,078	-4,767	-5,799	-5,130
Net Cash Flow	-246	1,188	-392	-35	77	974	-326	1,098	267	291	-29	728
Free Cash Flow	1,335	2,266	3,311	2,763	3,653	3,529	7,521	4,450	4,603	5,639	5,303	5,626

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	84	80	67	77	73	75	62	98	88	80	80	86
Cash Conversion Cycle	84	80	67	77	73	75	62	98	88	80	80	86
Working Capital Days	54	58	57	42	24	35	24	29	28	23	25	30
ROCE %	32	27	23	24	25	22	23	26	22	12	19	23

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026

Line item	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	35	35	35	35	35	35	35	35	35	35	35	35
FIIs	26	25	24	23	24	24	23	23	21	18	19	19
DIIs	27	29	29	31	31	31	32	32	35	38	37	37
Government	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17
Public	11	11	11	11	10	9.88	9.74	9.43	9.61	9.14	8.94	9.28
No. of Shareholders	8,85,590	8,67,373	8,48,484	8,26,284	7,74,997	7,61,383	7,61,701	7,48,176	7,66,782	7,39,883	7,38,055	7,44,161

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +2.0% (₹1,466.60 → ₹1,496.20)Brick size ₹38.97 (fixed)Bricks 43

Price moved up one brickPrice moved down one brickLast close ₹1,496.20 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

client concentration top 10 pct

24.00pct

2026-06-30

revenue share of the top 20 clients

37.30pct

2026-06-30

revenue share of the top 5 clients

14.70pct

2026-06-30

clients above US$1 million of revenue

499count

2026-06-30

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-6,255inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

43,20,467inr

2026-03-31

total contract value of deals signed in the quarter

1,078usd_mn

2026-06-30

News

News and filings about Tech Mahindra. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Sells to

Coal India · IT / digital transformation services

Buys from

Majestic Auto Limited · office space leasing and facility management at Knowledge Boulevard, Sector 62, Noida
Smartworks Coworking Spaces Limited · managed office workspace / lease rentals
Uniinfo Telecom Services Limited · telecom network deployment and IT infra integration services
Zaggle Prepaid Ocean Services Limited · spend management SaaS, prepaid/commercial cards and rewards solutions

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector: Information Technology
Industry: Computers - Software & Consulting
Classification: Information Technology › Computers - Software & Consulting
ISIN: INE669C01036

Business segments

IT · 84%
BPS · 16%

News impact

Big market events that reach Tech Mahindra, and how the effect spreads.

1 Oct, 15:03 IST · Market event · medium impact

Infosys shares recover from 52-week low after ABN AMRO deal extension

Infosys extended its ABN AMRO bank deal and its shares rose 0.71% to Rs 1001.20 off a 52-week low, helping Infosys holders while rivals and suppliers gain nothing.

Information Technology

Who it hits first

Infosys, a large software-services firm, extended its deal with Dutch bank ABN AMRO.
Its shares traded at Rs 1001.20, up 0.71% (Rs 7.10) from the Rs 994.10 previous close, recovering from a 52-week low.
The pack carries no deal value or tenure, so the size of the retained revenue is unknown.

Who may gain

Infosys (software services): keeps ABN AMRO revenue and steadies off its 52-week low.
ABN AMRO (Dutch bank client): keeps its existing vendor instead of a risky switch.
Infosys shareholders who bought near the 52-week low: up 0.71% on the day.

Along the supply chain

Downstream

ABN AMRO, the Dutch bank client, keeps its vendor; Infosys' listed downstream clients in the pack are two Indian banks, Axis Bank and ICICI Bank, whose own business this Dutch extension does not touch.

Upstream

Vendors that sell to Infosys — its listed suppliers in the pack — see no change, since extending an existing bank deal continues current work rather than placing new orders.

Where demand moves

Business

ABN AMRO keeps buying Infosys software services instead of rebidding the work — demand retained, not new — and no extra work flows to rivals or suppliers from an extension alone.

Capital

Investors nibbled Infosys up 0.71% off its 52-week low; there is no sympathy-buying case for peers since sector readthrough is nil.

How it spreads across sectors

Financial Services

None for the banks: ABN AMRO is not listed here and Infosys' Indian bank clients are untouched by a Dutch extension.

Information Technology

Negligible: a single retained deal lifts only Infosys (+0.71%); rivals gain no business and the pack flags sector readthrough false.

When it plays out

Immediate

Infosys steadies near Rs 1000 over 1-7 days as extension relief offsets the 52-week-low overhang; peers drift on their own news.

Medium term

European bank renewals and client budgets over 1-6 months decide whether Infosys re-rates beyond this relief bounce.

Short term

Without a disclosed deal value, the stock needs quarterly results or fresh wins in 1-4 weeks to extend the recovery.

30 Sept, 00:07 IST · Market event · high impact

US tightens H-1B rules again: How new fees and layoff scrutiny could affect Indian tech workers

The US added a $100,000 H-1B fee plus tougher checks, raising costs for Indian IT firms like Tata Consultancy Services and Infosys and hurting margins, with no clear winners.

Information Technology

Who it hits first

The US has added a $100000 payment for certain new H-1B (US work visa) hires from abroad, plus extra employer fees, closer checks when US staff are laid off, and tougher enforcement.
Tata Consultancy Services, Infosys and Wipro — India's large IT services firms that send engineers to work at US client offices — now pay more for each US placement and wait longer for approvals.
H-1B sign-ups are already falling as firms move work to India or hire locally in America, which trims profit margins (profit left per rupee of sales) for the most US-linked firms.

Who may gain

No clear winner among Indian IT firms — this is a cost rise for US-linked work, not new demand, so domestic cloud and software names only avoid the hit rather than gain.

Along the supply chain

Downstream

Big bank buyers of IT work such as State Bank of India and ICICI Bank, which hire Tata Consultancy Services and Infosys to run software, see no direct change — projects continue, just delivered more from India.

Upstream

Vendors that serve the big IT firms — Prestige Estates which rents office space, Tata Communications which provides network links, and staffing and facility helpers — see slower growth in US-site support as hiring tilts to India.

Where demand moves

Business

Client demand for software work does not grow or shrink — the same US projects simply cost more when they need staff on American sites, so more coding and support shifts to Indian delivery centres.

Capital

Investors grow cautious on export-heavy IT shares as margins look thinner, so money pauses or drifts to domestic-focused software names until firms show how much of the fee clients will bear.

How it spreads across sectors

Information Technology

Export-heavy IT services face higher US staffing costs and near-term margin pressure, while domestic software, map and cloud names feel only brief sentiment selling.

When it plays out

Immediate

In the next few days IT shares wobble and H-1B filings slow further as firms pause US hires.

Medium term

Over the next few months delivery settles with more offshore work and local US recruits, leaving a lasting small margin drag for the most US-exposed firms.

Short term

Over the next few weeks firms spell out extra costs, add Indian and US local hiring, and accept slightly thinner margins.

29 Sept, 21:41 IST · Market event · medium impact

H-1B registrations plunge as Indian IT firms shift US staffing strategy

Higher US visa costs are pushing Indian IT firms toward local US hiring and offshore work, squeezing near-term margins for big exporters like TCS and Infosys while leaving domestic tech mostly unaffected.

Information Technology

Who it hits first

Tata Consultancy Services (TCS, India's largest IT services exporter) and Infosys (IT services) face higher cost to place staff in the US as H-1B registrations plunge on higher visa costs.
The shift toward hiring locally in the US and doing more work offshore in India trims near-term profit margins for visa-heavy exporters before any savings arrive.
Mid-tier exporters like Tech Mahindra (telecom-focused IT services), Persistent Systems (software product engineering) and Coforge (IT services) face the same margin squeeze on US onsite work.

Who may gain

No clear winner inside Indian IT — this is a cost shock that squeezes exporters rather than creating new demand.
India-based cloud and data-center providers like E2E Networks (India cloud provider) could see a mild lift if more work shifts offshore, but the pack shows no direct order link.

Along the supply chain

Downstream

Downstream bank customers the graph lists — State Bank of India and Indian Bank for TCS, Axis Bank and ICICI Bank for Infosys — see no direct disruption, only possible slower pass-through of vendor cost pressure in future contracts.

Upstream

Upstream staffing, travel and office-support vendors that the graph lists as suppliers to TCS and to Infosys see slower onsite ramp as fewer staff move on visas.

Where demand moves

Business

US clients still need the software work but resist paying more, so Indian vendors absorb higher local-hire costs while bidding more offshore delivery from India.

Capital

Investors turn cautious on visa-heavy large caps like Tata Consultancy Services and Infosys near-term, with no fresh capital inflow into the sector from this news.

How it spreads across sectors

Financial Services

Muted second-order effect — banks that buy IT services may face slightly higher contract costs later, with no immediate disruption.

Information Technology

Near-term margin pressure across exporters as US staffing costs rise; offshore-heavy work cushions revenue but not margins.

When it plays out

Immediate

1-7 days: IT exporter shares stay soft on margin worries; no contract cancellations expected.

Medium term

1-6 months: higher US payroll and offshore ramp costs show in results; firms with stronger pricing power recover first.

Short term

1-4 weeks: firms outline local-hiring and offshore plans; analysts trim near-term margin forecasts.

29 Sept, 00:36 IST · Market event · high impact

Coforge Appoints Akhil Gupta As Chairperson Days After Key Board Exits

Coforge named Akhil Gupta as Chairperson after board exits, which slightly helps Coforge shareholders as leadership steadies and hurts no one directly.

Information Technology

Who it hits first

Coforge, the mid-sized IT services firm, filled its top board seat by naming Akhil Gupta as Chairperson days after key board exits.
This appointment aims to calm Coforge investors by showing steady leadership while the firm pushes deeper into AI and enterprise transformation work.
Rival IT firms such as Infosys, Tata Consultancy Services, HCL Technologies and Tech Mahindra face no direct order or cost change from this board move.

Who may gain

Coforge shareholders — steadier leadership after board exits supports confidence
Akhil Gupta — takes the Chairperson role at a large IT firm

Along the supply chain

Downstream

No direct downstream change — Coforge's enterprise customers face no price, delivery or contract shift from a Chairperson change, so downstream demand and timelines stay flat.

Upstream

No direct upstream change — the two firms linked as suppliers to Coforge see no new orders, since a Chairperson hire does not raise tech spending.

Where demand moves

Business

No new business demand is created — a Chairperson appointment moves no IT budgets or outsourcing deals; enterprise clients of Coforge see no change in projects or prices near term.

Capital

Capital steadies around Coforge as a named Chairperson lowers governance worry after board exits, likely drawing modest dip-buying, while rival IT stocks see no capital rotation from this news.

How it spreads across sectors

Information Technology

Near flat — a single firm's board appointment does not move sector budgets, hiring or pricing; only sentiment steadies for Coforge itself.

When it plays out

Immediate

Coforge steadies as investors welcome a named Chairperson; shares likely inch up slightly while rival IT names stay flat.

Medium term

Coforge's AI and enterprise transformation execution decides the payoff; rivals move only on their own deals, not this appointment.

Short term

Focus shifts to who left the board and what Gupta says about AI plans; any further exits would undo the calm.

22 Sept, 19:22 IST · Market event · high impact

Persistent Systems Arm Raises Nagarro Stake To 83.25%, Aims To Delist From Frankfurt Stock Exchange

Persistent Systems is buying more of Nagarro to own 83.25% and delist it, which helps Persistent tighten control while IT rivals see no gain or loss.

Information Technology

Who it hits first

Persistent Systems, an IT services company, is raising its holding in Nagarro to 83.25% through its arm.
It plans to remove Nagarro shares from Frankfurt trading (a delist), moving toward full ownership and simpler control.
The move uses cash for the buyout but lets Persistent fully steer Nagarro and combine its results.

Who may gain

Persistent Systems gains tighter control and future profit pooling from owning 83.25% of Nagarro.
Nagarro minority holders may get a buyout offer as part of the Frankfurt delisting.
IT rivals see no direct benefit since no client work or orders shift to them.

Along the supply chain

Downstream

Downstream, Persistent Systems lists no direct customers in this pack and Nagarro clients face no change, so no downstream demand shifts.

Upstream

Upstream, firms that supply Persistent Systems — SMARTWORKS and UDS for offices and facilities, ZAGGLE for expense tools — get no extra orders because buying shares does not use more office or support services.

Where demand moves

Business

No new business demand is created — this is an ownership change, not a fresh client order, so no extra work flows to Persistent or its peers.

Capital

Capital flows from Persistent to Nagarro minority holders for the extra shares, with mild positive sentiment for Persistent shares and no capital rotation to other IT names.

How it spreads across sectors

Information Technology

Peers like Infosys, TCS and others see no demand change; only light sentiment that Indian IT is consolidating, with no earnings impact.

When it plays out

Immediate

Persistent shares react to the 83.25% stake and delist aim; Nagarro minorities assess the offer.

Medium term

If delisted, Persistent consolidates Nagarro fully; integration progress drives any lasting gain.

Short term

Delist terms, funding and German approvals come into focus; peers drift with the market.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

3 Jul 2026	unspecified	₹36
20 Oct 2025	interim	₹15
4 Jul 2025	unspecified	₹30
31 Oct 2024	interim	₹15
19 Jul 2024	unspecified	₹28
2 Nov 2023	interim	₹12
21 Jul 2023	unspecified	₹32
9 Nov 2022	special	₹18

Splits, bonuses & buybacks

daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.