Nifty
:
25320.65
Sensex
:
82269.78
-98.25 (-0.39%)
-296.59 (-0.36%)
Nifty
Sensex
:
:
25320.65
82269.78
-98.25 (-0.39%)
-296.59 (-0.36%)

Tech Mahindra Ltd.

IT - Software Services

Rating :
66/99

BSE: 532755 | NSE: TECHM

NSE BSE
1743.10
30-Jan-2026
  • Open
  • High
  • Low
  • Previous Close
  •  1757.1
  •  1760
  •  1731
  •  1768.40
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  1672787
  •  2914581538.2
  •  1776.6
  •  1209.4

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 1,70,798.61
  • 36.94
  • 5
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 1,66,780.51
  • 2.58%
  • 5.96

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 34.98%
  • 0.29%
  • 7.39%
  • FII
  • DII
  • Others
  • 17.94%
  • 35.49%
  • 3.91%

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
  • 3.58
  • -0.80
  • -4.17

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 22.18
  • 29.75
  • 35.24

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 4.35
  • 4.81
  • 5.00

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 14.47
  • 16.81
  • 18.73

Earnings Forecasts:

(Updated: 31-01-2026)
Description
2024
2025
2026
2027
Adj EPS
48
57.73
75.57
84.06
P/E Ratio
36.31
30.19
23.07
20.74
Revenue
52988.3
56331.2
60689
65141
EBITDA
6963.8
8911.47
10680.7
11747.8
Net Income
4251.5
5141.63
6689.54
7459.47
ROA
9.67
9.86
12.05
12.55
P/B Ratio
5.64
5.66
5.38
5.17
ROE
15.74
18.81
23.82
25.33
FCFF
5173.5
5090.44
6551.55
7328.75
FCFF Yield
3.08
3.03
3.9
4.37
Net Debt
-5409.8
-6450.71
-7234.52
-7406.05
BVPS
309.25
307.92
324.05
337.27

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Net Sales
14,393.20
13,285.60
8.34%
13,994.90
13,313.20
5.12%
13,351.20
13,005.50
2.66%
13,384.00
12,871.30
3.98%
Expenses
12,027.60
11,476.60
4.80%
11,826.90
11,563.00
2.28%
11,416.00
11,441.00
-0.22%
11,543.90
11,772.20
-1.94%
EBITDA
2,365.60
1,809.00
30.77%
2,168.00
1,750.20
23.87%
1,935.20
1,564.50
23.69%
1,840.10
1,099.10
67.42%
EBIDTM
16.44%
13.62%
15.49%
13.15%
14.49%
12.03%
13.75%
8.54%
Other Income
-21.70
16.50
-
40.00
521.50
-92.33%
218.30
144.70
50.86%
172.70
373.50
-53.76%
Interest
93.60
75.90
23.32%
77.20
89.00
-13.26%
77.80
71.50
8.81%
85.30
58.50
45.81%
Depreciation
473.70
458.80
3.25%
468.70
469.80
-0.23%
458.10
462.20
-0.89%
462.10
461.40
0.15%
PBT
1,504.20
1,290.80
16.53%
1,662.10
1,712.90
-2.97%
1,617.60
1,175.50
37.61%
1,465.40
952.70
53.82%
Tax
386.50
308.60
25.24%
457.60
456.00
0.35%
489.30
313.30
56.18%
322.30
294.90
9.29%
PAT
1,117.70
982.20
13.80%
1,204.50
1,256.90
-4.17%
1,128.30
862.20
30.86%
1,143.10
657.80
73.78%
PATM
7.77%
7.39%
8.61%
9.44%
8.45%
6.63%
8.54%
5.11%
EPS
12.67
11.11
14.04%
13.49
14.14
-4.60%
12.89
9.63
33.85%
13.19
7.49
76.10%

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
55,123.30
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
5.05%
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
55,123.30
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
46,814.40
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
8,308.90
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
15.07%
12.58%
8.59%
14.62%
17.90%
17.95%
14.94%
18.24%
15.22%
13.81%
15.59%
Other Income
409.30
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
333.90
321.70
392.20
325.60
162.60
174.00
191.90
133.20
162.40
128.60
97.00
Depreciation
1,862.60
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
6,249.30
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
1,655.70
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
26.49%
24.81%
25.75%
24.53%
24.46%
26.88%
22.92%
22.37%
22.40%
25.99%
21.54%
PAT
4,593.60
4,251.50
2,357.80
4,831.30
5,566.10
4,426.80
4,038.50
4,363.10
3,799.70
2,815.20
2,990.30
PAT before Minority Interest
4,626.40
4,253.00
2,396.80
4,857.00
5,630.10
4,351.80
3,902.90
4,354.30
3,786.10
2,853.20
3,024.00
Minority Interest
32.80
-1.50
-39.00
-25.70
-64.00
75.00
135.60
8.80
13.60
-38.00
-33.70
PAT Margin
8.33%
8.02%
4.53%
9.07%
12.47%
11.69%
10.95%
12.56%
12.35%
9.66%
11.29%
PAT Growth
22.20%
80.32%
-51.20%
-13.20%
25.74%
9.61%
-7.44%
14.83%
34.97%
-5.86%
 
EPS
46.89
43.40
24.07
49.31
56.81
45.19
41.22
44.54
38.78
28.74
30.52

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
664.80
380.40
922.80
1,436.40
331.90
172.30
Long Term Loans & Adv.
3,413.20
3,389.60
3,534.70
2,946.80
2,442.10
2,781.10
2,513.00
2,164.50
1,680.30
1,378.60
Other Non Current Assets
1,253.40
674.60
1,233.30
1,252.50
1,350.20
1,397.70
669.50
481.00
728.50
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
16,326.50
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
5,544.40
4,032.50
Short Term Loans & Adv.
2,465.20
2,439.10
2,537.80
1,859.30
1,864.70
4,600.10
1,585.30
3,989.40
2,120.00
1,215.50
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
9,933.60
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
25,799.10
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
2,109.50
-5,893.20
2,326.50
-2,687.80
-2,625.10
-2,785.80
-888.40
Others
300.70
-1,378.70
-904.20
-75.50
327.80
-389.20
433.50
316.10
473.10
118.20
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 partners with FICO
    30th Jan 2026, 10:59 AM

    The company will establish a dedicated Centre of Excellence for FICO Platform

    Read More
  • Tech Mahindra enters into partnership with CS TECH Ai
    28th Jan 2026, 18:00 PM

    The joint offerings are designed to help organizations improve operational efficiency, enable predictive maintenance, reduce downtime, and modernize legacy systems

    Read More
  • Tech Mahindra gets nod to make additional investment in NDET
    19th Jan 2026, 09:30 AM

    The Board of Directors of the company at their Meeting held on January 16, 2026, has approved the same

    Read More
  • Tech Mahindra reports 14% rise in Q3 consolidated net profit
    17th Jan 2026, 13:02 PM

    Consolidated total income of the company increased by 8.04% at Rs 14,371.50 crore for Q3FY26

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

    Read More
  • Tech Mahindra recognized as Top Global IT Performer in S&P Global CSA 2025
    8th Jan 2026, 11:18 AM

    Tech Mahindra’s top global ranking reflects its consistent focus on creating long-term value for stakeholders through purpose-driven growth

    Read More
  • Tech Mahindra partners with Noida International Airport
    24th Dec 2025, 12:38 PM

    The company will provide 24x7 monitoring and management of network, security for the critical Airport IT infrastructure

    Read More
  • Tech Mahindra to accelerate enterprise AI transformation with Gemini Enterprise
    18th Dec 2025, 15:00 PM

    The company will empower customers to harness the full potential of Gemini Enterprise to drive measurable outcomes through responsible, human-centered AI

    Read More
  • Tech Mahindra’s arm incorporates subsidiary in Zambia
    15th Dec 2025, 14:59 PM

    Yabx Zambia has been incorporated with an objective to provide computer programming services to clients in Zambia

    Read More
  • Tech Mahindra signs MoU with University of Texas at Dallas
    9th Dec 2025, 15:38 PM

    The new lab will engage talented undergraduate, master’s, and doctoral students, as well as faculty researchers from leading universities

    Read More
  • Tech Mahindra’s arm incorporates step-down subsidiary in Rwanda
    6th Dec 2025, 12:07 PM

    Yabx Rwanda has been incorporated with an objective to provide software and analytic platform related services to clients in Rwanda

    Read More
  • Tech Mahindra signs MoU with Strangeworks
    28th Nov 2025, 16:46 PM

    The MoU outlines a collaboration to deliver quantum and quantum-inspired optimization solutions across key sectors

    Read More
  • Tech Mahindra achieves AWS Generative AI Competency
    26th Nov 2025, 17:51 PM

    The company’s comprehensive Generative AI portfolio is now available on AWS Marketplace

    Read More
  • Tech Mahindra launches i.GreenFinance
    21st Nov 2025, 15:19 PM

    i.GreenFinance leverages AWS’s advanced cloud capabilities, high-availability architecture, and support from the AWS Gen AI Innovation Center

    Read More
  • Tech Mahindra collaborates with DFKI
    18th Nov 2025, 18:00 PM

    The collaboration is to co-innovate and co-create next-generation smart factory solutions

    Read More
  • Tech Mahindra joins taskforce on TNFD Adopter Programme
    13th Nov 2025, 15:41 PM

    Tech Mahindra will align its reporting and governance frameworks with the TNFD recommendations

    Read More
  • Tech Mahindra enters into licensing agreement with AT&T
    11th Nov 2025, 17:14 PM

    The licensing agreement is for proprietary Automated Network Testing and Open Tool platforms

    Read More
  • Tech Mahindra partners with Falcon
    30th Oct 2025, 15:42 PM

    The collaboration has been structured as a deep technology integration and go-to-market partnership

    Read More
  • Tech Mahindra collaborates with Crosscall
    29th Oct 2025, 12:30 PM

    The collaboration is to transform enterprise mobility across North America

    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.