{"id":344414,"date":"2026-11-12T10:17:40","date_gmt":"2026-11-12T04:47:40","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=344414"},"modified":"2026-11-12T10:17:40","modified_gmt":"2026-11-12T04:47:40","slug":"tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/","title":{"rendered":"Tech Mahindra Share Price: 16.3% CAGR in 3 Years as the Mahindra Group IT Firm Compares With Persistent Systems and Mphasis"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#Tech_Mahindra_Share_Price_163_CAGR_in_3_Years_as_the_Mahindra_Group_IT_Firm_Compares_With_Persistent_Systems_and_Mphasis\" title=\"Tech Mahindra Share Price: 16.3% CAGR in 3 Years as the Mahindra Group IT Firm Compares With Persistent Systems and Mphasis\">Tech Mahindra Share Price: 16.3% CAGR in 3 Years as the Mahindra Group IT Firm Compares With Persistent Systems and Mphasis<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#How_Much_Has_the_Tech_Mahindra_Share_Price_Returned_in_3_Years\" title=\"How Much Has the Tech Mahindra Share Price Returned in 3 Years?\">How Much Has the Tech Mahindra Share Price Returned in 3 Years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#Tech_Mahindra_vs_Persistent_Systems_and_Mphasis_3-Year_CAGR_Compared\" title=\"Tech Mahindra vs Persistent Systems and Mphasis: 3-Year CAGR Compared\">Tech Mahindra vs Persistent Systems and Mphasis: 3-Year CAGR Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#Valuation_and_Quality_Compared\" title=\"Valuation and Quality Compared\">Valuation and Quality Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#What_Is_Driving_the_Tech_Mahindra_Stock\" title=\"What Is Driving the Tech Mahindra Stock?\">What Is Driving the Tech Mahindra Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#How_the_Established_Players_Stack_Up\" title=\"How the Established Players Stack Up\">How the Established Players Stack Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#What_Should_Investors_Track_Next\" title=\"What Should Investors Track Next?\">What Should Investors Track Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#How_to_Compare_IT_Stocks_Yourself\" title=\"How to Compare IT Stocks Yourself\">How to Compare IT Stocks Yourself<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#The_Largest_IT_Firm_in_Its_Peer_Set_With_Very_Little_Debt\" title=\"The Largest IT Firm in Its Peer Set With Very Little Debt\">The Largest IT Firm in Its Peer Set With Very Little Debt<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#What_is_the_Tech_Mahindra_share_price_today\" title=\"What is the Tech Mahindra share price today?\">What is the Tech Mahindra share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#What_is_the_3-year_CAGR_of_the_Tech_Mahindra_stock\" title=\"What is the 3-year CAGR of the Tech Mahindra stock?\">What is the 3-year CAGR of the Tech Mahindra stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#Is_Tech_Mahindra_better_than_Mphasis\" title=\"Is Tech Mahindra better than Mphasis?\">Is Tech Mahindra better than Mphasis?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#What_does_Tech_Mahindra_do\" title=\"What does Tech Mahindra do?\">What does Tech Mahindra do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#Is_the_Tech_Mahindra_stock_debt_free\" title=\"Is the Tech Mahindra stock debt free?\">Is the Tech Mahindra stock debt free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#Is_Tech_Mahindra_expensive_compared_with_the_industry\" title=\"Is Tech Mahindra expensive compared with the industry?\">Is Tech Mahindra expensive compared with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#Which_IT_stock_gave_the_highest_return_in_3_years\" title=\"Which IT stock gave the highest return in 3 years?\">Which IT stock gave the highest return in 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/tech-mahindra-share-price-3-year-cagr-vs-it-peers-persistent-systems-mphasis\/#How_do_I_calculate_CAGR_for_a_stock\" title=\"How do I calculate CAGR for a stock?\">How do I calculate CAGR for a stock?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Tech_Mahindra_Share_Price_163_CAGR_in_3_Years_as_the_Mahindra_Group_IT_Firm_Compares_With_Persistent_Systems_and_Mphasis\"><\/span><strong>Tech Mahindra Share Price: 16.3% CAGR in 3 Years as the Mahindra Group IT Firm Compares With Persistent Systems and Mphasis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Tech Mahindra previous close Rs 1,788.50. 3-year CAGR 16.3%. Up 1.6x since 10 Nov 2023. ROE 18.62%. Market cap Rs 1,74,163 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The <strong>Tech Mahindra share price<\/strong> closed at Rs 1,788.50 on 11 November 2026, a compounded annual return of 16.3% over three years. That compares with Persistent Systems at 24.1% and Mphasis at 2.8%. The company has a market cap of Rs 1,74,163 crore and a P\/E of 31.26 against an industry P\/E of 19.13.<\/p>\n<\/p><\/div>\n<p>The <strong>Tech Mahindra share price<\/strong> has delivered a solid return over three years, and the company keeps a return on equity above 18% with very little debt. Tech Mahindra, a Mahindra Group company based in Pune, provides IT and business services to clients in telecom, banking, manufacturing and retail.<\/p>\n<p>This article compares that run with Persistent Systems and Mphasis. We calculate the three-year CAGR for all three and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=tech-mahindra-share-price\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_the_Tech_Mahindra_Share_Price_Returned_in_3_Years\"><\/span><strong>How Much Has the Tech Mahindra Share Price Returned in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Tech Mahindra stock closed at Rs 1,138.15 on 10 November 2023 and at Rs 1,788.50 on 11 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.57 lakh, which is a CAGR of 16.3%. This is a price return and leaves out dividends.<\/p>\n<p>CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Tech Mahindra can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.<\/p>\n<p>The <strong>Tech Mahindra share price<\/strong> has also followed client spending on network, cloud and digital projects, with a heavy focus on communications companies across the world.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Mahindra_vs_Persistent_Systems_and_Mphasis_3-Year_CAGR_Compared\"><\/span><strong>Tech Mahindra vs Persistent Systems and Mphasis: 3-Year CAGR Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table ranks the companies by three-year CAGR. Prices on 10 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 11 November 2026.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Close on 10 Nov 2023<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Previous close (11 Nov 2026)<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Price multiple<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">3-year CAGR<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Persistent Systems<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 3,123.07<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 5,973.50<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.9x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">24.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Tech Mahindra<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,138.15<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,788.50<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.6x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">16.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Mphasis<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,202.20<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,390.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.1x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.8%<\/td>\n<\/tr>\n<\/table>\n<p>The Tech Mahindra stock ranks second of the three at 16.3%. It sits ahead of Mphasis (2.8%). The company ahead is Persistent Systems (24.1%). Persistent Systems leads the group, followed by Tech Mahindra and then Mphasis. Tech Mahindra is the largest of the three by market cap, and its ROE sits between the other two.<\/p>\n<p>Look at the <strong>Tech Mahindra share price<\/strong> alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Quality_Compared\"><\/span><strong>Valuation and Quality Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Market cap<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Debt to equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/techm\/tech-mahindra-ltd-share-price-today\">Tech Mahindra<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,74,163 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">31.26<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">19.13<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">18.62%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.07<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/persistent\/persistent-systems-ltd-share-price-today\">Persistent Systems<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,00,063 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">55.49<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">19.36<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">20.99%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.07<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/mphasis\/mphasis-ltd-share-price-today\">Mphasis<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 45,694 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">22.82<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">19.13<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">18.55%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.30<\/td>\n<\/tr>\n<\/table>\n<p>By market cap, Tech Mahindra is the largest of the group at Rs 1,74,163 crore, which gives it the scale advantage over Persistent Systems, Mphasis. On earnings, Tech Mahindra shares trade at a P\/E of 31.26 against an industry P\/E of 19.13, a premium of about 63%, which signals that the market expects faster earnings growth. Peer multiples are Persistent Systems at 55.49 and Mphasis at 22.82.<\/p>\n<p>Return on equity is 18.62% for the Tech Mahindra stock, which ranks second among the three, and debt to equity stands at 0.07. Trailing EPS is Rs 56.84. IT services companies are valued on deal wins and margins, so the P\/E should be read together with return on equity and the pace of revenue growth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_the_Tech_Mahindra_Stock\"><\/span><strong>What Is Driving the Tech Mahindra Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tech Mahindra serves clients in communications, banking, insurance, manufacturing and retail. It sells network services, application development, cloud migration and business process work, and it has built a strong name with telecom operators.<\/p>\n<p>The company is part of the Mahindra Group and operates in many countries. It keeps a low debt load, and its efforts to widen its mix beyond telecom have been a key theme for the stock.<\/p>\n<p>Followers of the <strong>Tech Mahindra share price<\/strong> usually track deal wins, client additions, margins and headcount trends.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Established_Players_Stack_Up\"><\/span><strong>How the Established Players Stack Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Persistent Systems is a Pune-based software engineering company that works with technology and healthcare clients. It compounded at 24.1% a year, on a market cap of Rs 1,00,063 crore and an ROE of 20.99%.<\/p>\n<p>Mphasis is a Bengaluru-based IT services company with strength in cloud, banking and insurance work. It compounded at 2.8% a year, on a market cap of Rs 45,694 crore and an ROE of 18.55%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Track_Next\"><\/span><strong>What Should Investors Track Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three things are worth watching on the <strong>Tech Mahindra share price<\/strong>. First, new deal wins. Second, margins as the mix shifts toward digital work. Third, client spending in telecom and in the United States and Europe.<\/p>\n<p>At a P\/E of 31, the stock trades above the industry P\/E of 19, and its debt to equity of 0.07 is almost nil. Technology spending by clients can shift, so follow quarterly numbers closely.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live fundamentals of IT stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Compare_IT_Stocks_Yourself\"><\/span><strong>How to Compare IT Stocks Yourself<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can repeat this exercise for any pair of stocks, including the Tech Mahindra stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P\/E against the industry P\/E, ROE and debt to equity. Benchmark the result against the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> as well, so you know whether the stock beat the broader market.<\/p>\n<p>A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the <strong>Tech Mahindra share price<\/strong>, the same four checks give a more complete picture than price alone.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the <strong>Tech Mahindra share price<\/strong> and compare IT stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Largest_IT_Firm_in_Its_Peer_Set_With_Very_Little_Debt\"><\/span><strong>The Largest IT Firm in Its Peer Set With Very Little Debt<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Tech Mahindra share price<\/strong> compounded at 16.3% a year over three years, ahead of Mphasis at 2.8% and behind Persistent Systems at 24.1%. Its ROE of 18.62% and debt to equity of 0.07 point to a stable profile.<\/p>\n<p>Persistent Systems brings the fastest return and the highest ROE at a much higher multiple, while Mphasis brings the lowest P\/E. The choice depends on whether you prefer growth or a lower multiple.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Tech_Mahindra_share_price_today\"><\/span><strong>What is the Tech Mahindra share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tech Mahindra closed at Rs 1,788.50 on 11 November 2026, according to NSE data. It has a market cap of Rs 1,74,163 crore and a P\/E of 31.26. Check live quotes before acting, as prices change every trading day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_3-year_CAGR_of_the_Tech_Mahindra_stock\"><\/span><strong>What is the 3-year CAGR of the Tech Mahindra stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tech Mahindra delivered a price CAGR of 16.3% over three years, moving from Rs 1,138.15 on 10 November 2023 to Rs 1,788.50 on 11 November 2026. The figure excludes dividends and uses adjusted closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Tech_Mahindra_better_than_Mphasis\"><\/span><strong>Is Tech Mahindra better than Mphasis?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tech Mahindra delivered a higher three-year CAGR at 16.3% than Mphasis at 2.8%. Tech Mahindra is much larger by market cap at Rs 1,74,163 crore against Rs 45,694 crore and has a slightly higher ROE at 18.62% against 18.55%, while Mphasis trades at a lower P\/E of 22.82 against 31.26. The better choice depends on your view of each business.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Tech_Mahindra_do\"><\/span><strong>What does Tech Mahindra do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tech Mahindra is a Pune-based IT services company in the Mahindra Group that provides technology and business services to clients in telecom, banking and manufacturing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Tech_Mahindra_stock_debt_free\"><\/span><strong>Is the Tech Mahindra stock debt free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The debt to equity ratio of the Tech Mahindra stock is 0.07 and its return on equity is 18.62%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Tech_Mahindra_expensive_compared_with_the_industry\"><\/span><strong>Is Tech Mahindra expensive compared with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tech Mahindra trades at a P\/E of 31.26 against an industry P\/E of 19.13. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_IT_stock_gave_the_highest_return_in_3_years\"><\/span><strong>Which IT stock gave the highest return in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among the companies compared here, Persistent Systems delivered the highest three-year CAGR at 24.1%, followed by Tech Mahindra at 16.3%. Past returns do not guarantee future performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_calculate_CAGR_for_a_stock\"><\/span><strong>How do I calculate CAGR for a stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Tech Mahindra share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tech Mahindra closed at Rs 1,788.50 on 11 November 2026, according to NSE data. It has a market cap of Rs 1,74,163 crore and a P\/E of 31.26. 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See how it compares with Persistent Systems and Mphasis on returns, valuation and ROE.<\/p>\n","protected":false},"author":34,"featured_media":344413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[21789,618,22384,22383],"class_list":["post-344414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-it-stocks-3-year-return","tag-tech-mahindra-share-price","tag-tech-mahindra-stock","tag-tech-mahindra-vs-persistent-systems"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["344413"],"rank_math_title":["Tech Mahindra Share Price: 16.3% CAGR vs Persistent, Mphasis"],"rank_math_description":["Tech Mahindra share price compounded at 16.3% a year over 3 years. 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