Tech Mahindra Limited

Tech Mahindra Limited (TECHM) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.

Information Technology›Information Technology›IT - Software›Computers - Software & Consulting

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Key metrics

Price as of 2026-09-02

Stock price
₹1623.00
Market cap
1,43,851 Cr
Stock P/E
28.3
P/B
4.78
Dividend yield
2.8%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales12,864 Cr13,101 Cr12,871 Cr13,005 Cr13,313 Cr13,286 Cr13,384 Cr13,351 Cr13,995 Cr14,393 Cr15,076 Cr15,712 Cr
Operating expenses (approx.)11,941 Cr11,955 Cr11,772 Cr11,441 Cr11,563 Cr11,477 Cr11,544 Cr11,416 Cr11,827 Cr12,028 Cr12,511 Cr12,969 Cr
EBITDA923 Cr1,146 Cr1,099 Cr1,564 Cr1,750 Cr1,809 Cr1,840 Cr1,935 Cr2,168 Cr2,366 Cr2,565 Cr2,743 Cr
OPM %7.2%8.8%8.5%12.0%13.1%13.6%13.7%14.5%15.5%16.4%17.0%17.5%
Other income264 Cr88 Cr374 Cr145 Cr522 Cr17 Cr173 Cr218 Cr40 Cr-22 Cr-205 Cr-106 Cr
Interest98 Cr117 Cr59 Cr72 Cr89 Cr76 Cr85 Cr78 Cr77 Cr94 Cr89 Cr111 Cr
Depreciation466 Cr443 Cr461 Cr462 Cr470 Cr459 Cr462 Cr458 Cr469 Cr474 Cr481 Cr479 Cr
Profit before tax615 Cr679 Cr959 Cr1,178 Cr1,713 Cr1,297 Cr1,464 Cr1,618 Cr1,659 Cr1,505 Cr1,791 Cr2,042 Cr
Tax %17.9%22.8%30.7%26.6%26.6%23.8%22.0%30.2%27.6%25.7%24.2%27.2%
Net profit505 Cr524 Cr664 Cr865 Cr1,257 Cr989 Cr1,142 Cr1,129 Cr1,202 Cr1,119 Cr1,356 Cr1,486 Cr
EPS (₹)₹5.59₹5.77₹7.48₹9.62₹14.12₹11.10₹13.17₹12.87₹13.48₹12.66₹15.27₹16.53

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales34,742 Cr36,868 Cr37,855 Cr44,646 Cr53,290 Cr51,995 Cr52,988 Cr56,815 CrSign in for TTM
Operating expenses (approx.)28,405 Cr31,359 Cr31,059 Cr36,626 Cr45,498 Cr47,489 Cr46,025 Cr47,781 CrSign in for TTM
EBITDA6,337 Cr5,509 Cr6,796 Cr8,020 Cr7,792 Cr4,506 Cr6,964 Cr9,034 CrSign in for TTM
OPM %18.2%14.9%18.0%18.0%14.6%8.7%13.1%15.9%Sign in for TTM
Other income534 Cr1,192 Cr787 Cr1,112 Cr965 Cr917 Cr855 Cr32 CrSign in for TTM
Interest133 Cr192 Cr174 Cr163 Cr326 Cr392 Cr322 Cr337 CrSign in for TTM
Depreciation1,129 Cr1,446 Cr1,458 Cr1,520 Cr1,957 Cr1,817 Cr1,853 Cr1,882 CrSign in for TTM
Profit before tax5,543 Cr5,058 Cr5,953 Cr7,452 Cr6,445 Cr3,224 Cr5,653 Cr6,573 CrSign in for TTM
Tax %22.6%22.9%26.9%24.4%24.6%25.7%24.8%26.9%Sign in for TTM
Net profit4,289 Cr3,897 Cr4,353 Cr5,630 Cr4,857 Cr2,397 Cr4,253 Cr4,806 CrSign in for TTM
EPS (₹)₹48.48₹46.21₹50.64₹63.32₹54.76₹26.66₹48.00₹54.28Sign in for TTM
Dividend payout %———70.7%87.8%163.4%90.3%83.8%Sign in for TTM
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Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital444 Cr436 Cr437 Cr439 Cr440 Cr441 Cr442 Cr443 Cr
Reserves19,841 Cr21,377 Cr24,428 Cr26,444 Cr27,485 Cr26,228 Cr26,919 Cr29,173 Cr
Borrowings——1,662 Cr—1,578 Cr1,531 Cr2,025 Cr2,186 Cr
Other liabilities13,162 Cr15,540 Cr12,772 Cr17,988 Cr16,180 Cr14,746 Cr14,678 Cr17,106 Cr
Total liabilities33,447 Cr37,354 Cr39,678 Cr44,871 Cr46,153 Cr43,424 Cr44,495 Cr49,369 Cr
Fixed assets (net)——2,463 Cr—2,862 Cr2,558 Cr2,381 Cr2,426 Cr
CWIP——118 Cr—84 Cr101 Cr21 Cr27 Cr
Investments——10,327 Cr—3,463 Cr3,309 Cr3,216 Cr3,458 Cr
Inventories——24 Cr—24 Cr38 Cr39 Cr104 Cr
Trade receivables——6,473 Cr—12,882 Cr11,401 Cr11,547 Cr13,358 Cr
Cash & bank——2,690 Cr—4,056 Cr4,347 Cr4,319 Cr5,046 Cr
Other assets33,447 Cr37,354 Cr17,582 Cr44,871 Cr22,783 Cr21,670 Cr22,972 Cr24,951 Cr
Total assets33,447 Cr37,354 Cr39,678 Cr44,871 Cr46,153 Cr43,424 Cr44,495 Cr49,369 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity———5,285 Cr5,572 Cr6,376 Cr5,786 Cr6,172 Cr
Cash from investing———482 Cr-278 Cr-1,314 Cr-23 Cr-409 Cr
Cash from financing———-4,667 Cr-5,078 Cr-4,767 Cr-5,799 Cr-5,130 Cr
Net cash flow———1,099 Cr267 Cr291 Cr-29 Cr728 Cr
Free cash flow (OCF − Capex)———4,327 Cr4,557 Cr5,585 Cr5,192 Cr5,476 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2019Mar 2020Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %28.0%24.1%22.8%28.3%22.6%12.6%20.0%21.4%
ROE %21.2%18.5%18.0%20.7%17.0%8.7%0.9%16.0%
Debtor days——62—88807986
Inventory days——0—0001
Days payable——27—30293032
Cash conversion cycle——36—58514954
Debt / equity——0.07—0.060.060.070.07
Current ratio——2.46—1.681.691.871.90
Net debt / EBITDA0.000.000.000.00-0.32-0.62-0.33-0.32

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