Nifty
:
23689.60
Sensex
:
75398.72
277.00 (1.18%)
789.74 (1.06%)
Nifty
Sensex
:
:
23689.60
75398.72
277.00 (1.18%)
789.74 (1.06%)

Tech Mahindra Ltd.

IT - Software Services

Rating :
47/99

BSE: 532755 | NSE: TECHM

NSE BSE
1343.40
14-May-2026
  • Open
  • High
  • Low
  • Previous Close
  •  1370
  •  1374
  •  1327.3
  •  1375.00
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  2337353
  •  3143223403.4
  •  1854
  •  1304.1

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 1,31,828.33
  • 27.40
  • 5
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 1,26,792.53
  • 3.79%
  • 4.44

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 34.97%
  • 0.30%
  • 7.15%
  • FII
  • DII
  • Others
  • 18.59%
  • 34.59%
  • 4.40%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 7.18
  • 6.96
  • -0.19

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 4.90
  • -0.38
  • -3.07

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 3.57
  • -0.81
  • -4.17

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 23.05
  • 30.54
  • 35.40

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 4.40
  • 4.87
  • 5.11

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 14.62
  • 16.94
  • 19.11

Earnings Forecasts:

(Updated: 09-05-2026)
Description
2024
2025
2026
2027
Adj EPS
48
57.72
76.89
84.56
P/E Ratio
27.99
23.27
17.47
15.89
Revenue
52988.3
56465.5
61845
65577.1
EBITDA
6963.8
8938.92
11005.5
11895
Net Income
4251.5
5097.23
6833.64
7530.13
ROA
9.67
9.87
11.88
12.31
P/B Ratio
4.34
4.37
3.83
3.60
ROE
15.74
18.75
22.61
23.73
FCFF
5173.5
5038.06
6494.81
7259
FCFF Yield
3.75
3.65
4.71
5.26
Net Debt
-5409.8
-6296.14
-8718.59
-10004.4
BVPS
309.25
307.34
351.16
373.48

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Net Sales
15,076.10
13,384.00
12.64%
14,393.20
13,285.60
8.34%
13,994.90
13,313.20
5.12%
13,351.20
13,005.50
2.66%
Expenses
12,510.80
11,543.90
8.38%
12,027.60
11,476.60
4.80%
11,826.90
11,563.00
2.28%
11,416.00
11,441.00
-0.22%
EBITDA
2,565.30
1,840.10
39.41%
2,365.60
1,809.00
30.77%
2,168.00
1,750.20
23.87%
1,935.20
1,564.50
23.69%
EBIDTM
17.02%
13.75%
16.44%
13.62%
15.49%
13.15%
14.49%
12.03%
Other Income
-204.70
172.70
-
-21.70
16.50
-
40.00
521.50
-92.33%
218.30
144.70
50.86%
Interest
88.80
85.30
4.10%
93.60
75.90
23.32%
77.20
89.00
-13.26%
77.80
71.50
8.81%
Depreciation
481.10
462.10
4.11%
473.70
458.80
3.25%
468.70
469.80
-0.23%
458.10
462.20
-0.89%
PBT
1,790.70
1,465.40
22.20%
1,504.20
1,290.80
16.53%
1,662.10
1,712.90
-2.97%
1,617.60
1,175.50
37.61%
Tax
434.20
322.30
34.72%
386.50
308.60
25.24%
457.60
456.00
0.35%
489.30
313.30
56.18%
PAT
1,356.50
1,143.10
18.67%
1,117.70
982.20
13.80%
1,204.50
1,256.90
-4.17%
1,128.30
862.20
30.86%
PATM
9.00%
8.54%
7.77%
7.39%
8.61%
9.44%
8.45%
6.63%
EPS
15.29
13.19
15.92%
12.67
11.11
14.04%
13.49
14.14
-4.60%
12.89
9.63
33.85%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
56,815.40
52,988.30
51,995.50
53,290.20
44,646.00
37,855.10
36,867.70
34,742.10
30,772.90
29,140.80
26,494.20
Net Sales Growth
7.22%
1.91%
-2.43%
19.36%
17.94%
2.68%
6.12%
12.90%
5.60%
9.99%
 
Cost Of Goods Sold
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Gross Profit
56,815.40
52,988.30
51,995.50
53,290.20
44,646.00
37,855.10
36,867.70
34,742.10
30,772.90
29,140.80
26,494.20
GP Margin
100.00%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Total Expenditure
47,781.30
46,320.50
47,531.30
45,498.40
36,655.70
31,058.80
31,359.10
28,405.20
26,090.40
25,117.40
22,362.90
Power & Fuel Cost
-
192.20
194.70
175.30
139.90
140.40
205.30
199.20
194.70
187.90
168.80
% Of Sales
-
0.36%
0.37%
0.33%
0.31%
0.37%
0.56%
0.57%
0.63%
0.64%
0.64%
Employee Cost
-
29,623.80
29,128.30
27,691.80
22,285.90
19,297.30
18,810.00
17,507.90
16,624.00
15,453.90
13,947.50
% Of Sales
-
55.91%
56.02%
51.96%
49.92%
50.98%
51.02%
50.39%
54.02%
53.03%
52.64%
Manufacturing Exp.
-
1,250.40
1,159.60
1,165.90
995.80
762.80
862.50
686.90
668.90
689.60
615.10
% Of Sales
-
2.36%
2.23%
2.19%
2.23%
2.02%
2.34%
1.98%
2.17%
2.37%
2.32%
General & Admin Exp.
-
2,759.90
2,786.70
2,577.90
2,240.20
1,948.60
2,929.10
3,046.60
2,643.40
2,656.00
2,418.20
% Of Sales
-
5.21%
5.36%
4.84%
5.02%
5.15%
7.94%
8.77%
8.59%
9.11%
9.13%
Selling & Distn. Exp.
-
312.40
287.60
230.70
196.90
98.70
238.80
159.00
185.70
196.30
131.40
% Of Sales
-
0.59%
0.55%
0.43%
0.44%
0.26%
0.65%
0.46%
0.60%
0.67%
0.50%
Miscellaneous Exp.
-
1,042.30
2,153.60
991.40
358.00
904.90
650.00
559.30
371.50
476.10
131.40
% Of Sales
-
1.97%
4.14%
1.86%
0.80%
2.39%
1.76%
1.61%
1.21%
1.63%
1.44%
EBITDA
9,034.10
6,667.80
4,464.20
7,791.80
7,990.30
6,796.30
5,508.60
6,336.90
4,682.50
4,023.40
4,131.30
EBITDA Margin
15.90%
12.58%
8.59%
14.62%
17.90%
17.95%
14.94%
18.24%
15.22%
13.81%
15.59%
Other Income
31.90
1,151.40
959.00
965.00
1,142.00
787.10
1,192.40
534.20
1,443.60
938.60
578.70
Interest
337.40
321.70
392.20
325.60
162.60
174.00
191.90
133.20
162.40
128.60
97.00
Depreciation
1,881.60
1,852.90
1,817.10
1,956.70
1,520.40
1,457.70
1,445.80
1,129.20
1,085.00
978.10
758.90
PBT
6,574.60
5,644.60
3,213.90
6,474.50
7,449.30
5,951.70
5,063.30
5,608.70
4,878.70
3,855.30
3,854.10
Tax
1,767.60
1,400.20
827.60
1,588.50
1,822.00
1,599.90
1,160.40
1,254.40
1,092.60
1,002.10
830.10
Tax Rate
26.89%
24.81%
25.75%
24.53%
24.46%
26.88%
22.92%
22.37%
22.40%
25.99%
21.54%
PAT
4,807.00
4,251.50
2,357.80
4,831.30
5,566.10
4,428.00
4,033.00
4,297.60
3,799.80
2,812.90
2,992.90
PAT before Minority Interest
4,812.40
4,253.00
2,396.80
4,857.00
5,630.10
4,353.00
3,897.40
4,288.80
3,786.20
2,850.90
3,026.60
Minority Interest
5.40
-1.50
-39.00
-25.70
-64.00
75.00
135.60
8.80
13.60
-38.00
-33.70
PAT Margin
8.46%
8.02%
4.53%
9.07%
12.47%
11.70%
10.94%
12.37%
12.35%
9.65%
11.30%
PAT Growth
13.26%
80.32%
-51.20%
-13.20%
25.70%
9.79%
-6.16%
13.10%
35.08%
-6.01%
 
EPS
49.06
43.39
24.06
49.31
56.81
45.19
41.16
43.86
38.78
28.71
30.55

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
28,591.90
27,899.80
29,154.90
28,116.10
26,095.40
23,043.50
21,514.80
20,073.20
17,667.60
15,821.30
Share Capital
442.40
441.30
440.00
438.80
437.00
435.90
443.70
441.70
438.80
435.50
Total Reserves
26,701.40
25,923.60
27,100.40
26,038.10
23,957.30
20,950.80
19,432.40
17,986.40
15,451.20
13,601.80
Non-Current Liabilities
941.10
990.20
1,910.70
2,935.30
2,012.30
2,146.70
514.10
1,361.60
1,274.50
342.80
Secured Loans
0.00
0.00
0.50
0.50
0.50
5.60
25.30
564.20
199.90
187.70
Unsecured Loans
0.00
102.50
128.30
141.50
165.30
173.10
183.30
206.90
185.40
8.90
Long Term Provisions
1,402.70
1,302.10
928.80
881.10
781.00
669.10
580.10
555.10
620.10
531.10
Current Liabilities
12,674.00
12,616.60
13,321.00
12,504.80
10,277.50
10,925.70
10,331.20
7,916.70
6,392.90
5,635.70
Trade Payables
4,410.80
3,785.30
4,384.60
4,094.70
2,785.00
3,256.60
2,489.30
2,036.80
1,805.90
2,275.80
Other Current Liabilities
4,857.10
5,046.60
5,407.60
5,346.30
4,351.10
3,962.70
5,233.10
3,584.10
2,541.20
1,508.10
Short Term Borrowings
358.10
1,358.10
1,357.00
1,348.10
1,496.00
2,249.50
1,196.10
954.90
834.20
805.50
Short Term Provisions
3,048.00
2,426.60
2,171.80
1,715.70
1,645.40
1,456.90
1,412.70
1,340.90
1,211.60
1,046.30
Total Liabilities
42,637.20
41,984.00
44,856.80
44,051.60
38,764.70
36,509.20
32,837.80
29,860.60
25,799.10
21,992.50
Net Block
13,947.50
13,831.70
14,856.70
14,703.90
8,929.40
8,727.60
6,890.40
7,431.80
6,359.00
4,309.30
Gross Block
29,033.90
28,133.00
27,891.00
25,777.20
18,747.40
17,681.90
14,544.80
14,551.60
12,427.00
8,529.20
Accumulated Depreciation
15,086.40
14,301.30
13,034.30
11,073.30
9,818.00
8,954.30
7,654.40
7,119.80
6,068.00
4,219.90
Non Current Assets
18,958.00
18,558.70
20,424.10
19,595.90
13,504.80
13,336.90
11,272.00
11,753.60
9,472.60
7,006.40
Capital Work in Progress
20.60
133.20
119.70
165.10
118.30
50.10
276.30
239.90
372.90
629.40
Non Current Investment
289.30
458.30
604.90
447.90
575.70
236.00
752.00
1,245.80
230.80
117.70
Long Term Loans & Adv.
3,413.20
3,389.60
3,534.70
2,946.80
2,442.10
2,781.10
2,482.20
2,123.70
1,644.30
1,378.60
Other Non Current Assets
1,253.40
674.60
1,233.30
1,252.50
1,350.20
1,397.70
700.30
521.80
764.50
516.80
Current Assets
23,679.20
23,425.30
24,432.70
24,455.70
25,259.90
23,172.30
21,565.80
18,107.00
16,300.00
14,986.10
Current Investments
2,892.80
2,779.40
2,783.20
4,435.90
9,661.90
5,612.30
6,589.90
3,594.90
2,164.70
1,124.80
Inventories
39.40
37.50
23.60
40.50
24.20
35.80
75.20
65.90
61.10
40.30
Sundry Debtors
11,547.00
11,401.10
12,881.60
11,933.40
9,031.70
7,577.20
6,958.60
6,497.90
5,337.70
5,770.50
Cash & Bank
4,542.20
4,735.50
4,254.70
3,974.50
2,835.20
3,148.30
2,358.70
3,044.30
3,218.60
4,018.00
Other Current Assets
4,657.80
2,032.70
1,951.80
2,212.10
3,706.90
6,798.70
5,583.40
4,904.00
5,517.90
4,032.50
Short Term Loans & Adv.
2,465.20
2,439.10
2,537.80
1,859.30
1,864.70
5,366.50
4,031.90
3,970.20
4,224.00
3,449.20
Net Current Assets
11,005.20
10,808.70
11,111.70
11,950.90
14,982.40
12,246.60
11,234.60
10,190.30
9,907.10
9,350.40
Total Assets
42,637.20
41,984.00
44,856.80
44,051.60
38,764.70
36,509.20
32,837.80
29,860.60
25,772.60
21,992.50

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
5,785.70
6,376.40
5,572.00
5,285.30
8,093.80
4,358.10
4,432.00
3,553.50
4,071.40
3,137.00
PBT
5,653.20
3,224.40
6,445.50
7,452.10
5,952.90
5,057.80
5,543.20
4,878.80
3,853.00
3,856.70
Adjustment
1,873.10
2,430.00
2,964.70
1,581.20
1,992.00
1,335.20
1,607.40
984.30
709.80
1,056.80
Changes in Working Capital
-266.20
1,969.00
-1,845.10
-1,434.30
1,563.50
-521.80
-1,057.40
-783.20
588.10
-461.30
Cash after chg. in Working capital
7,260.10
7,623.40
7,565.10
7,599.00
9,508.40
5,871.20
6,093.20
5,079.90
5,150.90
4,452.20
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-1,474.40
-1,247.00
-1,993.10
-2,313.70
-1,414.60
-1,513.10
-1,661.20
-1,526.40
-1,079.50
-1,315.20
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
11.90
-1,313.70
-278.50
481.50
-5,450.10
1,028.60
-2,116.40
-3,359.70
-2,889.50
-1,459.80
Net Fixed Assets
-379.20
-738.00
-586.00
-1,552.50
115.30
-908.70
137.90
-1,050.70
-576.80
-689.60
Net Investments
90.40
803.00
1,211.70
2,020.40
-5,903.80
2,312.10
-2,702.60
-2,541.70
-2,794.90
-833.80
Others
300.70
-1,378.70
-904.20
13.60
338.40
-374.80
448.30
232.70
482.20
63.60
Cash from Financing Activity
-5,834.30
-4,767.20
-5,078.10
-4,666.60
-2,986.90
-4,465.50
-2,251.20
-269.40
-1,570.90
-496.10
Net Cash Inflow / Outflow
-36.70
295.50
215.40
1,100.20
-343.20
921.20
64.40
-75.60
-389.00
1,181.10
Opening Cash & Equivalents
4,347.10
4,056.30
3,788.90
2,690.40
3,016.70
2,042.70
1,966.10
2,001.30
2,393.80
1,206.10
Closing Cash & Equivalent
4,318.50
4,347.10
4,056.30
3,788.90
2,690.40
3,016.70
2,042.70
1,966.10
2,001.30
2,393.80

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
306.78
298.72
312.96
301.70
279.11
245.32
223.98
208.60
181.06
161.16
ROA
10.05%
5.52%
10.93%
13.60%
11.56%
11.26%
13.89%
13.60%
11.94%
14.59%
ROE
15.90%
8.89%
17.98%
22.13%
19.01%
18.92%
22.74%
22.06%
19.07%
23.37%
ROCE
20.43%
12.02%
22.41%
26.49%
22.98%
21.44%
24.98%
24.29%
22.17%
26.46%
Fixed Asset Turnover
1.85
1.86
1.99
2.01
2.08
2.29
2.39
2.28
2.78
3.27
Receivable days
79.04
85.23
84.98
85.70
80.07
71.95
70.69
70.19
69.57
75.61
Inventory Days
0.26
0.21
0.22
0.26
0.29
0.55
0.74
0.75
0.64
0.45
Payable days
0.00
0.00
0.00
0.00
0.00
0.00
41.03
36.59
41.65
49.50
Cash Conversion Cycle
79.30
85.44
85.20
85.96
80.36
72.50
30.40
34.36
28.55
26.56
Total Debt/Equity
0.02
0.06
0.06
0.06
0.07
0.12
0.10
0.13
0.09
0.08
Interest Cover
18.57
9.22
20.80
46.83
35.21
27.39
43.11
31.04
30.98
40.73

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • Tech Mahindra, Cisco partner to launch Cyber Resilience Fabric
    12th May 2026, 16:30 PM

    Cyber Resilience Fabric tackles a critical industry gap where enterprises are grappling with expanding attack surfaces and rising operational complexity

    Read More
  • Tech Mahindra partners with UKG
    7th May 2026, 15:43 PM

    Through the partnership, the company will deploy the UKG Workforce Operating Platform for its employees and expand its UKG services practice

    Read More
  • Tech Mahindra acquires Avant Techno Solutions
    2nd May 2026, 17:00 PM

    The acquisition is expected to further strengthen Tech Mahindra’s service capabilities and deepen its industry expertise within the BFSI vertical

    Read More
  • Tech Mahindra opens communications experience center in Pune
    23rd Apr 2026, 14:44 PM

    The company has established CEC in Pune to drive AI led innovation for CSPs

    Read More
  • Tech Mahindra - Quarterly Results
    23rd Apr 2026, 00:00 AM

    Read More
  • Tech Mahindra’s consolidated net profit rises 16% in Q4
    22nd Apr 2026, 16:14 PM

    The consolidated total income of the company increased by 9.69% at Rs 14871.40 crore for Q4FY26

    Read More
  • Tech Mahindra partners with Papaya Global
    7th Apr 2026, 14:28 PM

    The partnership is designed to help organizations modernize global workforce operations and enable compliant, scalable payments across employee and contingent workforce models

    Read More
  • Tech Mahindra partners with Kitsa
    6th Apr 2026, 09:50 AM

    The partnership represents the latest in Kitsa’s growing network of global technology alliances, as the company scales its reach across the pharmaceutical value chain

    Read More
  • Tech Mahindra partners with ParkourSC
    1st Apr 2026, 11:16 AM

    The partnership is aimed at delivering advanced digital supply chain capabilities for enterprises globally

    Read More
  • Tech Mahindra partners with Roofings Group to launch e-commerce platform
    23rd Mar 2026, 17:00 PM

    The company brings deep expertise in enabling end-to-end digital business transformation, combining domain-led consulting with advanced digital and AI-driven capabilities

    Read More
  • Tech Mahindra partners with Kale Logistics Solutions
    19th Mar 2026, 10:41 AM

    The partnership is to jointly enable large-scale digital transformation across the global logistics industry, with a specific focus on ports and airports

    Read More
  • Tech Mahindra, Fortinet partner to deliver Managed SASE solution
    17th Mar 2026, 16:26 PM

    The joint solution aims at enabling secure and scalable digital transformation for enterprises globally

    Read More
  • Tech Mahindra, Rubrik partner to deliver advanced cyber recovery, resilience solutions
    11th Mar 2026, 09:28 AM

    The partnership reinforces the company’s leadership in AI-led cyber resilience while expanding market visibility for its cybersecurity portfolio

    Read More
  • Tech Mahindra enters into partnership with SCSK Asia Pacific
    9th Mar 2026, 15:20 PM

    The partnership aims to accelerate the global expansion of SCSK’s ADVENTURECluster

    Read More
  • Tech Mahindra, Microsoft collaborate to launch ontology-driven agentic AI platform
    5th Mar 2026, 16:29 PM

    The collaboration is to launch an ontology-driven Agentic AI platform that accelerates telecom and enterprise data modernization

    Read More
  • Tech Mahindra launches ‘Agentic Payment Assistance & Collections Optimization’ solution
    4th Mar 2026, 17:19 PM

    The enterprise-ready solution will be available in AWS Marketplace

    Read More
  • Tech Mahindra, NVIDIA partner to introduce AI-powered Telco Network Operations Agent
    4th Mar 2026, 14:47 PM

    The solution is designed to help CSPs accelerate their journey toward L4+ autonomous networks by transforming traditional NOCs into intelligent, closed-loop operations

    Read More
  • Tech Mahindra to form strategic partnership with Orange Business
    2nd Mar 2026, 12:39 PM

    The proposed collaboration establishes a strategic go-to-market approach, emphasizing increased regional collaboration

    Read More
  • Tech Mahindra, UCL collaborate to accelerate Generative AI, quantum computing research
    21st Feb 2026, 10:10 AM

    The collaboration will focus on next-generation solutions, including world models, domain-specific SLMs, quantum machine learning, quantum security, and industry-specific AI use cases

    Read More
  • Tech Mahindra teams with NVIDIA to launch education LLM under Project Indus
    20th Feb 2026, 11:52 AM

    The new LLM will debut as an educational model focused on democratizing high-quality learning

    Read More
  • Tech Mahindra recognized as leader in 2025 ISG healthcare provider digital services study
    5th Feb 2026, 16:47 PM

    The recognition underscores Tech Mahindra’s strong capabilities in helping healthcare providers accelerate digital transformation

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.