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Tech Mahindra Ltd

TECHM
NSE
₹1,779.10-0.61%19 Oct 2026
Reports
IT Services

Tech Mahindra Ltd

TECHM
NSE
₹1,779.10
-0.61%
19 Oct 2026
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6M
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Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
₹1,74,380Cr
Close
Close Price
₹1,779.10
Industry
Industry
IT Services
PE
Price To Earnings
28.54
PS
Price To Sales
2.84
Revenue
Revenue
₹61,361Cr
Rev Gr TTM
Revenue Growth TTM
13.60%
PAT Gr TTM
PAT Growth TTM
24.88%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
RevenueCr
13,10112,87113,00613,31313,28613,38413,35113,99514,39315,07615,71216,180
Growth YoY
Revenue Growth YoY%
-4.6-6.2-1.23.51.44.02.75.18.312.617.715.6
Expenses
ExpensesCr
11,95511,77211,44111,56311,47711,54411,41611,82712,02812,51112,96913,302
Operating Profit
Operating ProfitCr
1,1461,0991,5651,7501,8091,8401,9352,1682,3662,5652,7432,879
OPM
OPM%
8.88.512.013.213.613.814.515.516.417.017.417.8
Other Income
Other IncomeCr
923801475222317221937-293-205-111-7
Interest Expense
Interest ExpenseCr
11759728976857877948911184
Depreciation
DepreciationCr
443461462470459462458469474481479491
PBT
PBTCr
6799591,1781,7141,2971,4641,6181,6591,5051,7912,0422,296
Tax
TaxCr
155295313456309322489458387434556686
PAT
PATCr
5246648651,2589891,1421,1291,2021,1191,3561,4861,610
Growth YoY
PAT Growth YoY%
-59.3-41.022.9148.988.871.930.5-4.413.118.831.734.0
NPM
NPM%
4.05.26.79.47.48.58.48.67.89.09.59.9
EPS
EPS₹
5.87.59.614.111.113.212.913.512.715.316.517.9
QuarterDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
RevenueCr
13,10112,87113,00613,31313,28613,38413,35113,99514,39315,07615,71216,180
Growth YoY
Revenue Growth YoY%
-4.6-6.2-1.23.51.44.02.75.18.312.617.715.6
Expenses
ExpensesCr
11,95511,77211,44111,56311,47711,54411,41611,82712,02812,51112,96913,302
Operating Profit
Operating ProfitCr
1,1461,0991,5651,7501,8091,8401,9352,1682,3662,5652,7432,879
OPM
OPM%
8.88.512.013.213.613.814.515.516.417.017.417.8
Other Income
Other IncomeCr
923801475222317221937-293-205-111-7
Interest Expense
Interest ExpenseCr
11759728976857877948911184
Depreciation
DepreciationCr
443461462470459462458469474481479491
PBT
PBTCr
6799591,1781,7141,2971,4641,6181,6591,5051,7912,0422,296
Tax
TaxCr
155295313456309322489458387434556686
PAT
PATCr
5246648651,2589891,1421,1291,2021,1191,3561,4861,610
Growth YoY
PAT Growth YoY%
-59.3-41.022.9148.988.871.930.5-4.413.118.831.734.0
NPM
NPM%
4.05.26.79.47.48.58.48.67.89.09.59.9
EPS
EPS₹
5.87.59.614.111.113.212.913.512.715.316.517.9

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
26,49429,14130,77334,74236,86837,85544,64653,29051,99652,98856,81561,361
Growth
Revenue Growth%
17.110.05.612.96.12.717.919.4-2.41.97.213.6
Expenses
ExpensesCr
22,22424,95626,06328,40531,35931,05936,62645,49847,48946,02547,78150,810
Operating Profit
Operating ProfitCr
4,2714,1844,7106,3375,5096,7968,0207,7924,5066,9649,03410,552
OPM
OPM%
16.114.415.318.214.917.918.014.68.713.115.917.2
Other Income
Other IncomeCr
4427751,4174691,1877881,115936927864-242-616
Interest Expense
Interest ExpenseCr
97129162133192174163326392322337377
Depreciation
DepreciationCr
7599781,0851,1291,4461,4581,5201,9571,8171,8531,8821,925
PBT
PBTCr
3,8573,8534,8795,5435,0585,9537,4526,4463,2245,6536,5737,634
Tax
TaxCr
8301,0021,0931,2541,1601,6001,8221,5898281,4001,7682,063
PAT
PATCr
3,0272,8513,7864,2893,8974,3535,6304,8572,3974,2534,8065,571
Growth
PAT Growth%
13.8-5.832.813.3-9.111.729.3-13.7-50.677.413.024.9
NPM
NPM%
11.49.812.312.310.611.512.69.14.68.08.59.1
EPS
EPS₹
34.532.143.048.546.250.663.354.826.748.054.362.3
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
26,49429,14130,77334,74236,86837,85544,64653,29051,99652,98856,81561,361
Growth
Revenue Growth%
17.110.05.612.96.12.717.919.4-2.41.97.213.6
Expenses
ExpensesCr
22,22424,95626,06328,40531,35931,05936,62645,49847,48946,02547,78150,810
Operating Profit
Operating ProfitCr
4,2714,1844,7106,3375,5096,7968,0207,7924,5066,9649,03410,552
OPM
OPM%
16.114.415.318.214.917.918.014.68.713.115.917.2
Other Income
Other IncomeCr
4427751,4174691,1877881,115936927864-242-616
Interest Expense
Interest ExpenseCr
97129162133192174163326392322337377
Depreciation
DepreciationCr
7599781,0851,1291,4461,4581,5201,9571,8171,8531,8821,925
PBT
PBTCr
3,8573,8534,8795,5435,0585,9537,4526,4463,2245,6536,5737,634
Tax
TaxCr
8301,0021,0931,2541,1601,6001,8221,5898281,4001,7682,063
PAT
PATCr
3,0272,8513,7864,2893,8974,3535,6304,8572,3974,2534,8065,571
Growth
PAT Growth%
13.8-5.832.813.3-9.111.729.3-13.7-50.677.413.024.9
NPM
NPM%
11.49.812.312.310.611.512.69.14.68.08.59.1
EPS
EPS₹
34.532.143.048.546.250.663.354.826.748.054.362.3

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
Equity CapitalCr
484487442444436437439440441442443443
Reserves
ReservesCr
14,15415,99718,39919,83921,37724,42326,44627,48326,22726,91929,17329,230
Current Liabilities
Current LiabilitiesCr
5,6366,3937,91710,33110,92610,27812,50513,32112,61712,67414,49813,878
Non Current Liabilities
Non Current LiabilitiesCr
2,1052,7723,1692,3544,2214,1564,9854,4383,6604,0294,7953,573
Total Liabilities
Total LiabilitiesCr
22,52526,06730,43733,44737,35439,67844,87146,15343,42444,49549,36948,803
Current Assets
Current AssetsCr
14,98616,32718,10721,56623,17225,25524,45624,43323,42523,67927,57527,270
Non Current Assets
Non Current AssetsCr
7,5399,74012,33011,88114,18114,42320,41521,72119,99820,81521,79521,533
Total Assets
Total AssetsCr
22,52526,06730,43733,44737,35439,67844,87146,15343,42444,49549,36948,803
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
Equity CapitalCr
484487442444436437439440441442443443
Reserves
ReservesCr
14,15415,99718,39919,83921,37724,42326,44627,48326,22726,91929,17329,230
Current Liabilities
Current LiabilitiesCr
5,6366,3937,91710,33110,92610,27812,50513,32112,61712,67414,49813,878
Non Current Liabilities
Non Current LiabilitiesCr
2,1052,7723,1692,3544,2214,1564,9854,4383,6604,0294,7953,573
Total Liabilities
Total LiabilitiesCr
22,52526,06730,43733,44737,35439,67844,87146,15343,42444,49549,36948,803
Current Assets
Current AssetsCr
14,98616,32718,10721,56623,17225,25524,45624,43323,42523,67927,57527,270
Non Current Assets
Non Current AssetsCr
7,5399,74012,33011,88114,18114,42320,41521,72119,99820,81521,79521,533
Total Assets
Total AssetsCr
22,52526,06730,43733,44737,35439,67844,87146,15343,42444,49549,36948,803

Cash Flow

Consolidated
Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
3,1374,0713,5544,4324,3588,0945,2855,5726,3765,7866,172
Investing Cash Flow
Investing Cash FlowCr
-1,460-2,890-3,360-2,1161,029-5,450482-279-1,314-23-409
Financing Cash Flow
Financing Cash FlowCr
-496-1,571-269-2,251-4,466-2,987-4,667-5,078-4,767-5,799-5,131
Net Cash Flow
Net Cash FlowCr
1,181-389-7664921-3431,100215296-37632
Free Cash Flow
Free Cash FlowCr
2,2663,3112,7633,6533,5297,5214,4504,6035,6395,3035,626
CFO To PAT
CFO To PAT%
103.7142.893.8103.3111.8185.993.9114.7266.0136.0128.4
CFO To EBITDA
CFO To EBITDA%
73.597.375.569.979.1119.165.971.5141.583.168.3
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
3,1374,0713,5544,4324,3588,0945,2855,5726,3765,7866,172
Investing Cash Flow
Investing Cash FlowCr
-1,460-2,890-3,360-2,1161,029-5,450482-279-1,314-23-409
Financing Cash Flow
Financing Cash FlowCr
-496-1,571-269-2,251-4,466-2,987-4,667-5,078-4,767-5,799-5,131
Net Cash Flow
Net Cash FlowCr
1,181-389-7664921-3431,100215296-37632
Free Cash Flow
Free Cash FlowCr
2,2663,3112,7633,6533,5297,5214,4504,6035,6395,3035,626
CFO To PAT
CFO To PAT%
103.7142.893.8103.3111.8185.993.9114.7266.0136.0128.4
CFO To EBITDA
CFO To EBITDA%
73.597.375.569.979.1119.165.971.5141.583.168.3

Ratios

Consolidated
Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
46,01544,76962,53676,32954,56695,9791,45,7071,07,3361,22,1341,38,8211,35,8751,74,380
Price To Earnings
Price To Earnings
13.814.314.816.012.219.623.620.146.829.525.528.5
Price To Sales
Price To Sales
1.71.52.02.21.52.53.32.02.42.62.42.8
Price To Book
Price To Book
2.82.53.03.42.33.54.93.54.14.64.25.9
EV To EBITDA
EV To EBITDA
10.110.213.011.910.014.118.013.626.619.614.716.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
80.479.380.580.477.277.375.074.775.476.976.476.4
OPM
OPM%
16.114.415.318.214.917.918.014.68.713.115.917.2
NPM
NPM%
11.49.812.312.310.611.512.69.14.68.08.59.1
ROCE
ROCE%
25.322.524.526.220.622.125.822.112.420.321.726.9
ROE
ROE%
20.717.320.121.117.917.520.917.49.015.516.218.8
ROA
ROA%
13.410.912.412.810.411.012.610.55.59.69.711.4
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
46,01544,76962,53676,32954,56695,9791,45,7071,07,3361,22,1341,38,8211,35,8751,74,380
Price To Earnings
Price To Earnings
13.814.314.816.012.219.623.620.146.829.525.528.5
Price To Sales
Price To Sales
1.71.52.02.21.52.53.32.02.42.62.42.8
Price To Book
Price To Book
2.82.53.03.42.33.54.93.54.14.64.25.9
EV To EBITDA
EV To EBITDA
10.110.213.011.910.014.118.013.626.619.614.716.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
80.479.380.580.477.277.375.074.775.476.976.476.4
OPM
OPM%
16.114.415.318.214.917.918.014.68.713.115.917.2
NPM
NPM%
11.49.812.312.310.611.512.69.14.68.08.59.1
ROCE
ROCE%
25.322.524.526.220.622.125.822.112.420.321.726.9
ROE
ROE%
20.717.320.121.117.917.520.917.49.015.516.218.8
ROA
ROA%
13.410.912.412.810.411.012.610.55.59.69.711.4
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Market CapitalizationMkt CapCr4,58,8693,74,4591,80,4181,74,3801,26,50685,28547,737
Close PriceClose₹1,130.701,379.90182.141,779.104,264.901,925.002,500.00
IndustryIndustryIT ServicesIT ServicesIT ServicesIT ServicesIT ServicesIT ServicesIT Services
Price To EarningsPE15.2520.3814.2928.5424.1939.1024.94
Price To SalesPS2.492.711.862.842.784.692.89
RevenueRevenueCr1,84,5821,38,05297,02361,36145,48818,19516,531
Revenue Growth TTMRev Gr TTM%11.2%12.8%8.2%13.6%14.7%35.7%13.7%
PAT Growth TTMPAT Gr TTM%11.1%7.9%-2.4%24.9%7.1%66.5%9.8%
Market CapitalizationMkt CapCr4,58,8693,74,4591,80,4181,74,3801,26,50685,28547,737
Close PriceClose₹1,130.701,379.90182.141,779.104,264.901,925.002,500.00
IndustryIndustryIT ServicesIT ServicesIT ServicesIT ServicesIT ServicesIT ServicesIT Services
Price To EarningsPE15.2520.3814.2928.5424.1939.1024.94
Price To SalesPS2.492.711.862.842.784.692.89
RevenueRevenueCr1,84,5821,38,05297,02361,36145,48818,19516,531
Revenue Growth TTMRev Gr TTM%11.2%12.8%8.2%13.6%14.7%35.7%13.7%
PAT Growth TTMPAT Gr TTM%11.1%7.9%-2.4%24.9%7.1%66.5%9.8%
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