TECHM.NS vs. M&MFIN.NS

Last updated Jun 4, 2026

TECHM.NS (Tech Mahindra Limited) and M&MFIN.NS (Mahindra & Mahindra Financial Services Limited) are both stocks. TECHM.NS operates in Information Technology Services (Technology), while M&MFIN.NS operates in Credit Services (Financial Services). Over the past 10 years, TECHM.NS returned 13.75%/yr vs 5.14%/yr for M&MFIN.NS. At a 0.15 correlation, their price movements are largely independent.

Performance

TECHM.NS vs. M&MFIN.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Tech Mahindra Limited (TECHM.NS) and Mahindra & Mahindra Financial Services Limited (M&MFIN.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TECHM.NS achieves a -7.45% return, which is significantly higher than M&MFIN.NS's -27.90% return. Over the past 10 years, TECHM.NS has outperformed M&MFIN.NS with an annualized return of 13.75%, while M&MFIN.NS has yielded a comparatively lower 5.14% annualized return.

TECHM.NS

• 1D: -6.31%
• 1M: 0.05%
• YTD: -7.45%
• 6M: -4.50%
• 1Y: -1.87%
• 3Y*: 12.87%
• 5Y*: 11.47%
• 10Y*: 13.75%

M&MFIN.NS

• 1D: -1.27%
• 1M: -4.36%
• YTD: -27.90%
• 6M: -18.27%
• 1Y: 12.79%
• 3Y*: 1.26%
• 5Y*: 13.48%
• 10Y*: 5.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TECHM.NS vs. M&MFIN.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TECHM.NS Tech Mahindra Limited	-7.45%	-4.06%	37.78%	29.88%	-40.54%	90.80%	32.94%	7.70%	46.72%	5.54%
M&MFIN.NS Mahindra & Mahindra Financial Services Limited	-27.90%	55.88%	-2.27%	20.13%	60.21%	-14.42%	-11.04%	-30.78%	0.94%	76.18%

Correlation

The correlation between TECHM.NS and M&MFIN.NS is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Aug 29, 2006	0.15

Return for Risk

TECHM.NS vs. M&MFIN.NS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TECHM.NS

TECHM.NS Risk / Return Rank: 35
TECHM.NS Sharpe Ratio Rank: 38
TECHM.NS Sortino Ratio Rank: 32
TECHM.NS Omega Ratio Rank: 32
TECHM.NS Calmar Ratio Rank: 38
TECHM.NS Martin Ratio Rank: 37

M&MFIN.NS

M&MFIN.NS Risk / Return Rank: 51
M&MFIN.NS Sharpe Ratio Rank: 54
M&MFIN.NS Sortino Ratio Rank: 49
M&MFIN.NS Omega Ratio Rank: 47
M&MFIN.NS Calmar Ratio Rank: 51
M&MFIN.NS Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TECHM.NS vs. M&MFIN.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tech Mahindra Limited (TECHM.NS) and Mahindra & Mahindra Financial Services Limited (M&MFIN.NS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TECHM.NS	M&MFIN.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	0.36	-0.44
Sortino ratio: Return per unit of downside risk	0.08	0.79	-0.71
Omega ratio: Gain probability vs. loss probability	1.01	1.09	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.08	0.41	-0.48
Martin ratio: Return relative to average drawdown	-0.14	1.01	-1.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TECHM.NS vs. M&MFIN.NS - Sharpe Ratio Comparison

The current TECHM.NS Sharpe Ratio is -0.07, which is lower than the M&MFIN.NS Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of TECHM.NS and M&MFIN.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TECHM.NS	M&MFIN.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	0.36	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.40	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.13	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.35	+0.06

Drawdowns

TECHM.NS vs. M&MFIN.NS - Drawdown Comparison

The maximum TECHM.NS drawdown since its inception was -89.43%, which is greater than M&MFIN.NS's maximum drawdown of -75.24%. Use the drawdown chart below to compare losses from any high point for TECHM.NS and M&MFIN.NS.

Drawdown Indicators

	TECHM.NS	M&MFIN.NS	Difference
Max Drawdown Largest peak-to-trough decline	-89.43%	-75.24%	-14.19%
Max Drawdown (1Y) Largest decline over 1 year	-24.69%	-31.38%	+6.69%
Max Drawdown (3Y) Largest decline over 3 years	-29.15%	-31.38%	+2.23%
Max Drawdown (5Y) Largest decline over 5 years	-46.57%	-35.51%	-11.06%
Max Drawdown (10Y) Largest decline over 10 years	-46.57%	-75.24%	+28.67%
Current Drawdown Current decline from peak	-16.74%	-28.15%	+11.41%
Average Drawdown Average peak-to-trough decline	-31.32%	-20.89%	-10.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.39%	12.60%	+0.79%

Volatility

TECHM.NS vs. M&MFIN.NS - Volatility Comparison

Tech Mahindra Limited (TECHM.NS) has a higher volatility of 11.85% compared to Mahindra & Mahindra Financial Services Limited (M&MFIN.NS) at 10.75%. This indicates that TECHM.NS's price experiences larger fluctuations and is considered to be riskier than M&MFIN.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECHM.NS	M&MFIN.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.85%	10.75%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	22.17%	29.43%	-7.26%
Volatility (1Y) Calculated over the trailing 1-year period	26.11%	35.14%	-9.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.49%	34.34%	-6.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.04%	41.07%	-12.03%

Dividends

TECHM.NS vs. M&MFIN.NS - Dividend Comparison

TECHM.NS's dividend yield for the trailing twelve months is around 3.06%, more than M&MFIN.NS's 2.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
M&MFIN.NS Mahindra & Mahindra Financial Services Limited	2.24%	1.61%	2.31%	2.11%	1.49%	0.52%	0.00%	1.96%	0.82%	0.49%	1.44%	1.61%
TECHM.NS Tech Mahindra Limited	3.06%	2.83%	2.52%	3.46%	4.72%	2.51%	3.08%	1.84%	1.94%	1.79%	2.45%	1.15%

Financials

Frequently Asked Questions

Can I hold both TECHM.NS and M&MFIN.NS in my portfolio?

TECHM.NS and M&MFIN.NS have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.