Nifty
:
24435.95
Sensex
:
77966.35
-35.75 (-0.15%)
-187.90 (-0.24%)
Nifty
Sensex
:
:
24435.95
77966.35
-35.75 (-0.15%)
-187.90 (-0.24%)

Tech Mahindra Ltd.

IT - Software Services

Rating :
58/99

BSE: 532755 | NSE: TECHM

NSE BSE
1625.00
12-Aug-2026
  • Open
  • High
  • Low
  • Previous Close
  •  1654
  •  1657
  •  1622.1
  •  1643.00
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  3746023
  •  6132063238.3
  •  1854
  •  1304.1

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 1,59,263.78
  • 31.01
  • 5
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 1,54,227.98
  • 3.14%
  • 5.15

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 34.97%
  • 0.76%
  • 6.92%
  • FII
  • DII
  • Others
  • 18.66%
  • 34.12%
  • 4.57%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 6.90
  • 4.94
  • 3.00

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 7.44
  • 0.63
  • 13.05

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 5.51
  • -2.87
  • 26.84

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 23.83
  • 30.75
  • 35.40

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 4.44
  • 4.90
  • 5.19

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 14.77
  • 17.03
  • 19.36

Earnings Forecasts:

(Updated: 08-08-2026)
Description
2026
2027
2028
2029
Adj EPS
61
-27
21.15
57.72
P/E Ratio
26.64
-60.19
76.83
28.15
Revenue
18.42
16.77
15.26
56465.5
EBITDA
62037.5
65454.2
69482.4
8938.92
Net Income
11060.9
11905.7
12813.9
5097.23
ROA
6835.47
7527.86
8263.68
9.87
P/B Ratio
-0.17
-0.14
-0.15
5.29
ROE
4.04
3.81
3.69
18.75
FCFF
22.6
23.72
25.11
5038.06
FCFF Yield
6620.24
7387.48
7846.63
3.77
Net Debt
4.96
5.53
5.88
-6296.14
BVPS
-9351.8
-11332
-11003.2
307.34

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
15,711.90
13,351.20
17.68%
15,076.10
13,384.00
12.64%
14,393.20
13,285.60
8.34%
13,994.90
13,313.20
5.12%
Expenses
12,969.40
11,416.00
13.61%
12,510.80
11,543.90
8.38%
12,027.60
11,476.60
4.80%
11,826.90
11,563.00
2.28%
EBITDA
2,742.50
1,935.20
41.72%
2,565.30
1,840.10
39.41%
2,365.60
1,809.00
30.77%
2,168.00
1,750.20
23.87%
EBIDTM
17.45%
14.49%
17.02%
13.75%
16.44%
13.62%
15.49%
13.15%
Other Income
-106.40
218.30
-
-204.70
172.70
-
-21.70
16.50
-
40.00
521.50
-92.33%
Interest
111.30
77.80
43.06%
88.80
85.30
4.10%
93.60
75.90
23.32%
77.20
89.00
-13.26%
Depreciation
478.60
458.10
4.48%
481.10
462.10
4.11%
473.70
458.80
3.25%
468.70
469.80
-0.23%
PBT
2,046.20
1,617.60
26.50%
1,790.70
1,465.40
22.20%
1,504.20
1,290.80
16.53%
1,662.10
1,712.90
-2.97%
Tax
555.60
489.30
13.55%
434.20
322.30
34.72%
386.50
308.60
25.24%
457.60
456.00
0.35%
PAT
1,490.60
1,128.30
32.11%
1,356.50
1,143.10
18.67%
1,117.70
982.20
13.80%
1,204.50
1,256.90
-4.17%
PATM
9.49%
8.45%
9.00%
8.54%
7.77%
7.39%
8.61%
9.44%
EPS
16.54
12.89
28.32%
15.29
13.19
15.92%
12.67
11.11
14.04%
13.49
14.14
-4.60%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
59,176.10
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
Net Sales Growth
10.95%
7.22%
1.91%
-2.43%
19.36%
17.94%
2.68%
6.12%
12.90%
5.60%
 
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
59,176.10
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
GP Margin
100.00%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Total Expenditure
49,334.70
48,571.60
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
Power & Fuel Cost
-
205.70
192.20
194.70
175.30
139.90
140.40
205.30
199.20
194.70
187.90
% Of Sales
-
0.36%
0.36%
0.37%
0.33%
0.31%
0.37%
0.56%
0.57%
0.63%
0.64%
Employee Cost
-
30,478.80
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
% Of Sales
-
53.65%
55.91%
56.02%
51.96%
49.92%
50.98%
51.02%
50.39%
54.02%
53.03%
Manufacturing Exp.
-
1,069.60
1,250.40
1,159.60
1,165.90
995.80
762.80
862.50
686.90
668.90
689.60
% Of Sales
-
1.88%
2.36%
2.23%
2.19%
2.23%
2.02%
2.34%
1.98%
2.17%
2.37%
General & Admin Exp.
-
2,759.60
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
% Of Sales
-
4.86%
5.21%
5.36%
4.84%
5.02%
5.15%
7.94%
8.77%
8.59%
9.11%
Selling & Distn. Exp.
-
320.70
312.40
287.60
230.70
196.90
98.70
238.80
159.00
185.70
196.30
% Of Sales
-
0.56%
0.59%
0.55%
0.43%
0.44%
0.26%
0.65%
0.46%
0.60%
0.67%
Miscellaneous Exp.
-
1,237.10
1,042.30
2,153.60
991.40
358.00
904.90
650.00
559.30
371.50
196.30
% Of Sales
-
2.18%
1.97%
4.14%
1.86%
0.80%
2.39%
1.76%
1.61%
1.21%
1.63%
EBITDA
9,841.40
8,243.80
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
EBITDA Margin
16.63%
14.51%
12.58%
8.59%
14.62%
17.90%
17.95%
14.94%
18.24%
15.22%
13.81%
Other Income
-292.80
822.20
1,151.40
959.00
965.00
1,142.00
787.10
1,192.40
534.20
1,443.60
938.60
Interest
370.90
337.40
321.70
392.20
325.60
162.60
174.00
191.90
133.20
162.40
128.60
Depreciation
1,902.10
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
PBT
7,003.20
6,847.00
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
Tax
1,833.90
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
Tax Rate
26.19%
26.89%
24.81%
25.75%
24.53%
24.46%
26.88%
22.92%
22.37%
22.40%
25.99%
PAT
5,169.30
4,810.90
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
PAT before Minority Interest
5,141.70
4,805.50
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
Minority Interest
-27.60
5.40
-1.50
-39.00
-25.70
-64.00
75.00
135.60
8.80
13.60
-38.00
PAT Margin
8.74%
8.47%
8.02%
4.53%
9.07%
12.47%
11.70%
10.94%
12.37%
12.35%
9.65%
PAT Growth
14.61%
13.16%
80.32%
-51.20%
-13.20%
25.70%
9.79%
-6.16%
13.10%
35.08%
 
EPS
52.74
49.09
43.38
24.06
49.29
56.79
45.18
41.15
43.85
38.77
28.70

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
30,845.80
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
Share Capital
442.80
442.40
441.30
440.00
438.80
437.00
435.90
443.70
441.70
438.80
Total Reserves
28,940.70
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
Non-Current Liabilities
1,378.10
941.10
990.20
1,910.70
2,935.30
2,012.30
2,146.70
514.10
1,361.60
1,274.50
Secured Loans
0.00
0.00
0.00
0.50
0.50
0.50
5.60
25.30
564.20
199.90
Unsecured Loans
0.00
0.00
102.50
128.30
141.50
165.30
173.10
183.30
206.90
185.40
Long Term Provisions
1,715.90
1,402.70
1,302.10
928.80
881.10
781.00
669.10
580.10
555.10
620.10
Current Liabilities
14,497.50
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
Trade Payables
5,040.00
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
Other Current Liabilities
6,032.80
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
Short Term Borrowings
69.40
358.10
1,358.10
1,357.00
1,348.10
1,496.00
2,249.50
1,196.10
954.90
834.20
Short Term Provisions
3,355.30
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
Total Liabilities
47,183.00
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
Net Block
14,831.70
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
Gross Block
31,646.20
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
Accumulated Depreciation
16,814.50
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
Non Current Assets
19,608.30
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
Capital Work in Progress
26.80
20.60
133.20
119.70
165.10
118.30
50.10
276.30
239.90
372.90
Non Current Investment
90.20
289.30
458.30
604.90
447.90
575.70
236.00
752.00
1,245.80
230.80
Long Term Loans & Adv.
3,389.90
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
Other Non Current Assets
1,237.40
1,253.40
674.60
1,233.30
1,252.50
1,350.20
1,397.70
700.30
521.80
764.50
Current Assets
27,574.70
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
Current Investments
3,335.50
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
Inventories
104.20
39.40
37.50
23.60
40.50
24.20
35.80
75.20
65.90
61.10
Sundry Debtors
13,357.70
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
Cash & Bank
5,105.40
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
Other Current Assets
5,671.90
2,192.60
2,032.70
1,951.80
4,071.40
3,706.90
6,798.70
5,583.40
4,904.00
5,517.90
Short Term Loans & Adv.
2,763.40
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
Net Current Assets
13,077.20
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
Total Assets
47,183.00
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

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
6,172.00
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
PBT
6,573.10
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
Adjustment
2,736.30
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
Changes in Working Capital
-1,487.20
-266.20
1,969.00
-1,845.10
-1,434.30
1,563.50
-521.80
-1,057.40
-783.20
588.10
Cash after chg. in Working capital
7,822.20
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
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-1,650.20
-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
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
-409.20
-23.20
-1,313.70
-278.50
481.50
-5,450.10
1,028.60
-2,116.40
-3,359.70
-2,889.50
Net Fixed Assets
-676.80
-379.20
-738.00
-586.00
-1,552.50
115.30
-908.70
137.90
-1,050.70
-576.80
Net Investments
394.20
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
Others
-126.60
265.60
-1,378.70
-904.20
13.60
338.40
-374.80
448.30
232.70
482.20
Cash from Financing Activity
-5,130.50
-5,799.20
-4,767.20
-5,078.10
-4,666.60
-2,986.90
-4,465.50
-2,251.20
-269.40
-1,570.90
Net Cash Inflow / Outflow
632.30
-36.70
295.50
215.40
1,100.20
-343.20
921.20
64.40
-75.60
-389.00
Opening Cash & Equivalents
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
Closing Cash & Equivalent
5,046.10
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

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
331.79
306.78
298.72
312.96
301.70
279.11
245.32
223.98
208.60
181.06
ROA
10.70%
10.05%
5.52%
10.93%
13.60%
11.56%
11.26%
13.89%
13.60%
11.94%
ROE
17.00%
15.90%
8.89%
17.98%
22.13%
19.01%
18.92%
22.74%
22.06%
19.07%
ROCE
23.04%
20.43%
12.02%
22.41%
26.49%
22.98%
21.44%
24.98%
24.29%
22.17%
Fixed Asset Turnover
1.87
1.85
1.86
1.99
2.01
2.08
2.29
2.39
2.28
2.78
Receivable days
80.00
79.04
85.23
84.98
85.70
80.07
71.95
70.69
70.19
69.57
Inventory Days
0.46
0.26
0.21
0.22
0.26
0.29
0.55
0.74
0.75
0.64
Payable days
0.00
0.00
0.00
0.00
0.00
0.00
0.00
41.03
36.59
41.65
Cash Conversion Cycle
80.46
79.30
85.44
85.20
85.96
80.36
72.50
30.40
34.36
28.55
Total Debt/Equity
0.00
0.02
0.06
0.06
0.06
0.07
0.12
0.10
0.13
0.09
Interest Cover
20.48
18.57
9.22
20.80
46.83
35.21
27.39
43.11
31.04
30.98

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • Tech Mahindra launches sonic identity
    12th Aug 2026, 09:58 AM

    Sonic identity marks the next step in the company’s brand transformation journey

    Read More
  • Tech Mahindra partners with I-HUB QTF
    7th Aug 2026, 15:45 PM

    As part of the partnership, Tech Mahindra and I-HUB QTF will develop middleware for a trapped-ion quantum computer

    Read More
  • Tech Mahindra inaugurates new Toronto Innovation Hub
    7th Aug 2026, 10:19 AM

    The Toronto Innovation Hub will enable faster collaboration between customers, industry partners, academic institutions, and Tech Mahindra experts to address evolving business priorities

    Read More
  • Tech Mahindra launches engineering experience centre in Hyderabad
    29th Jul 2026, 12:22 PM

    Through the experience centre, clients and partners will be able to engage with Tech Mahindra’s engineering teams in a more hands-on and outcome-led manner

    Read More
  • Tech Mahindra enters into partnership with Cisco
    24th Jul 2026, 16:44 PM

    The partnership aims to deliver an AI-driven Security Service Edge offering for global enterprises

    Read More
  • Tech Mahindra inaugurates CAX studio in Hyderabad
    21st Jul 2026, 12:20 PM

    CAX Studio reinforces the company’s commitment to driving customer centric innovation by enabling organizations to move beyond technology evaluation towards real world business transformation

    Read More
  • Tech Mahindra reports 28% rise in Q1 consolidated net profit
    17th Jul 2026, 09:30 AM

    Consolidated total income of the company increased by 15.00% to Rs 15,605.50 crore in Q1FY27

    Read More
  • Tech Mahindra - Quarterly Results
    17th Jul 2026, 00:00 AM

    Read More
  • Tech Mahindra enters into partnership with CloudSEK
    13th Jul 2026, 18:25 PM

    The partnership will deliver AI-driven threat intelligence, attack surface monitoring, AI attack surface monitoring, and digital risk protection solutions globally

    Read More
  • Tech Mahindra partners with Adroit Associates
    3rd Jul 2026, 15:59 PM

    The partnership will jointly enable large-scale supply chain transformation across the global retail & CPG industry

    Read More
  • Tech Mahindra’s arm inks pact to acquire Alyis Servicos Tecnicos
    2nd Jul 2026, 09:07 AM

    The cost of acquisition is 1.2 million BRL, equivalent to around Rs 2.21 crore at an exchange rate of Rs 18.42 per BRL

    Read More
  • Tech Mahindra collaborates with Microsoft
    30th Jun 2026, 15:44 PM

    The collaboration is to showcase an advanced Network Digital Twin solution

    Read More
  • Tech Mahindra partners with Perplexity
    29th Jun 2026, 16:44 PM

    The partnership is to embed AI-powered intelligence across its sales organization

    Read More
  • Tech Mahindra deepens ties with Telefonica Germany to build next-gen private cloud platform
    23rd Jun 2026, 16:26 PM

    The multi-year engagement will focus on enabling a scalable, open, and future-ready digital infrastructure foundation to modernize telecom and enterprise workloads

    Read More
  • Tech Mahindra partners with Viam
    19th Jun 2026, 10:23 AM

    The partnership will include training and educating large cohorts of Tech Mahindra engineers on the Viam platform

    Read More
  • Tech Mahindra launches Agentic Development & Modernization Services
    3rd Jun 2026, 16:25 PM

    The portfolio integrates agentic AI across the application lifecycle, enabling organizations to accelerate their journey towards AI-led, autonomous enterprise ecosystems

    Read More
  • 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

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.