Prabhudas Lilladher raises Tech Mahindra stock target to INR 1,910

Published on 10/20/2026 at 11:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached INR 16.18 billion, up 15.6 percent year over year. The INR 15 dividend for Tech Mahindra stock has an October 23, 2026 record date.

Shareholder return and margins

Prabhudas Lilladher lifted its target from INR 1,900 to INR 1,910 on October 16, 2026.
Second-quarter revenue reached INR 16.18 billion, while EBIT margin rose to 14.8 percent.
The dividend record date is October 23, 2026, and payment is scheduled by November 13, 2026.

Tech Mahindra, INE669C01036, Illustration mit AI erstellt.

On October 16, 2026, Prabhudas Lilladher raised its target for Tech Mahindra stock from INR 1,900 to INR 1,910, according to DSIJ. The revision followed second-quarter revenue of INR 16.18 billion, up 15.6 percent year over year, and a 14.8 percent EBIT margin.

Three dated company moves

On October 15, 2026, Tech Mahindra reported second-quarter EBIT of INR 2.387 billion, up 40.5 percent year over year, in its company release. On the same date, it declared an interim dividend of INR 15 per share and recommended a 1:1 bonus issue. On October 16, 2026, Prabhudas Lilladher raised its target from INR 1,900 to INR 1,910, according to DSIJ.

What does 14.8 percent margin mean?

The margin improved from 14.4 percent in the first quarter and moved closer to management's 15 percent full-year target, according to CNBC TV18. New deal wins totaled USD 1.023 billion in the quarter, up 25.4 percent year over year, while free cash flow reached USD 135 million, according to the company release.

Dates for the dividend

The interim dividend's record date is October 23, 2026, and payment is scheduled by November 13, 2026, according to ET Now. The proposed bonus issue remains subject to shareholder approval, with its record date to be announced separately.

Valuation after the results

Tech Mahindra's market capitalization was INR 1.6 trillion on October 19, 2026. Cash and cash equivalents stood at INR 7.330 billion at the end of the second quarter, according to the company release.