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Tech Mahindra Limited

Tech Mahindra Limited

TECHM.BO
Tech Mahindra LimitedIN flagBombay Stock Exchange
1,473.05
INR
-97.90
- -
1.30TMarket Cap
Tech Mahindra Limited
TECHM.BO
(Bombay Stock Exchange)

Recent

price

1,473.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
102.95
108.06
134.57
202.46
236.37
305.48
332.92
348.4
391.87
422.44
432.94
507.93
604.05
588.01
598.24
- -
483.11
Revenue per Share
12.94
21.56
25.21
32.56
27.46
34.51
32.14
43.02
48.47
46.21
50.64
63.32
54.76
26.66
48
- -
40.8
Basic EPS, GAAP
6.21
8.19
16.74
17.16
25.58
36.17
46.51
40.23
49.99
40.26
84.95
49.23
51.65
63.16
58.62
- -
- -
Free Cash Flow per Basic Share
1.02
1.16
1.16
1.46
5.74
6.4
14.16
10.69
16.81
28.55
20.12
45.29
48.33
44.3
43.37
- -
- -
Dividend per Share
46.56
61.53
80.36
55.62
80.73
135.16
151.74
179.26
203.74
216.52
237.01
261.2
275.45
262.47
265.85
- -
5
Book Value per Share
67.33
79.55
101.26
93.28
105.05
148.21
155.53
168.71
186.05
198.37
226.28
185.41
197.93
190
200.32
- -
221.71
Tangible Book Value per Share
499
508
511
930
957
867
875
883
887
873
874
879
882
884
886
- -
886
Basic Weighted Avg Shares
51,402
54,897
68,731
188,314
226,213
264,942
291,408
307,729
347,421
368,677
378,551
446,460
532,902
519,956
529,883
568,154
428,205
Sales/Revenue/Turnover
19.21
13.94
17.82
19.83
16.19
13.34
12.11
12.32
15.48
11.98
14.76
14.7
11.73
6.58
9.7
12.59
12.74
Operating Margin (%)
1,435
1,613
2,000
5,222
6,114
7,589
9,781
10,850
11,292
14,458
14,577
15,204
19,567
18,171
18,529
18,816
14,129
Depreciation Expense
6,462
10,955
12,878
30,288
26,277
29,929
28,129
37,998
42,976
40,330
44,280
55,661
48,313
23,578
42,515
48,109
36,164
Net Income, GAAP
16.92
20.82
22.5
19.72
26.52
21.52
26.01
22.39
22.63
22.94
26.88
24.45
24.65
25.67
24.77
25.82
26.66
Effective Tax Rate (%)
12.57
19.96
18.74
16.08
11.62
11.3
9.65
12.35
12.37
10.94
11.7
12.47
9.07
4.53
8.02
8.47
8.45
Profit Margin (%)
5,185
5,541
3,728
59,655
72,056
93,504
99,336
101,903
112,346
122,466
149,824
119,509
111,117
108,087
110,052
130,772
130,772
Working Capital
6,400
6,000
3,000
190
460
1,966
3,853
7,711
2,086
10,326
9,735
8,620
9,191
7,734
11,472
15,888
15,888
LT Debt
33,683
40,509
55,342
93,243
118,444
147,836
169,013
193,519
207,621
222,064
252,445
273,811
283,947
271,468
277,917
300,770
300,770
Total Equity
18.61
12.53
15.87
37.01
24.19
19.16
15.05
14.42
18.39
13.82
14.93
16.83
15.13
8.21
12.79
16.36
12.34
Return on Invested Capital (%)
29.31
29.66
27.14
54.13
37.12
28
20.41
23.27
22.45
19.85
19.72
22.47
18.85
9.72
17.2
34.83
26.26
Return on Capital (%)
52.81
40.2
35.62
65.29
40.74
30.78
22.5
26.1
25.36
21.82
22.35
25.48
20.45
9.93
18.19
40.11
30.15
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
5,974
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
15,888
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
885
- -
886
Market Capitalization
1,240,083
1,410,182
1,229,114

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
- -
- -
275,747
Cash, Cash Equivalents & STI
- -
- -
88,885
Accounts Receivable, Net
- -
- -
75,369
Inventories
- -
- -
1,042
Total Current Liabilities
- -
- -
144,975
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
5,974
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.51%
3.67%
8.22%
Free Cash Flow
11.7%
-3.09%
5.47%
Net Income, GAAP
10.06%
10.96%
13.16%
Sales/Revenue/Turnover
8.13%
8.8%
7.22%
Total Cash Common Dividend
32.34%
25.62%
4.78%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
131,590
128,639
131,013
128,713
519,956
2025
130,055
133,132
132,856
133,840
529,883
2026
133,512
- -
143,932
150,761
568,154

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7.84
5.59
5.77
- -
26.66
2025
9.62
14.12
11.1
13.17
48
2026
12.87
- -
12.66
15.27
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
44.3
2025
- -
- -
- -
- -
43.37
2026
- -
- -
- -
- -
- -
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Business
Tech Mahindra Limited (NSE: TECHM), a multinational technology consulting and services provider within the Mahindra Group, offers a full spectrum of digital transformation solutions including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience and design, artificial intelligence and analytics, cloud and infrastructure services; it develops specialized platforms such as TechM Orion for agentic AI workflows, Yantr.ai for operational visibility, Kornea for employee monitoring, AceFin for financial insights, netOps.ai for telco networks, and MobiLytix for marketing analytics. Headquartered in Pune, India, with a registered office in Mumbai, the company was founded in 1986 as a joint venture between Mahindra & Mahindra and British Telecom, and operates across more than 90 countries, serving over 1,100 clients in sectors including telecommunications, banking, healthcare, manufacturing, and retail with approximately 152,000 professionals. Recent developments include partnerships with Falcon to modernize global banking infrastructure and with Hanab to enhance IT operations using next-generation technologies in 2025; an acquisition of Mahindra Racing UK for ₹135 crore in May 2025 to expand into sports technology; approval in September 2025 for merging four wholly-owned subsidiaries—Perigord Premedia (India) Private Limited, Perigord Data Solutions (India) Private Limited, Tech Mahindra Cerium Private Limited, and Thirdware Solution Limited—effective from April 1, 2024, to streamline operations and achieve cost efficiencies; and recognition as an Emerging Leader in the 2025 Gartner Emerging Markets Quadrant for GenAI Consulting and Implementation Services.