Tech Mahindra Ltd

Tech Mahindra Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tech Mahindra Ltd

₹ 1,505 -1.07%
22 Aug - close price
techmahindra.com BSE: 532755 NSE: TECHM
About

Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries.[1]

Key Points

Parentage
The company is a subsidiary of the Mahindra Group, a leading global conglomerate with operations in 100+ countries. The group manages 150 companies across 22 major industries, including renewable energy, agriculture, logistics, hospitality, real estate, aerospace, automotive components, and consulting services, etc. [1]

Website BSE NSE
  • Market Cap ₹ 1,47,380 Cr.
  • Current Price ₹ 1,505
  • High / Low ₹ 1,808 / 1,209
  • Stock P/E 36.6
  • Book Value ₹ 229
  • Dividend Yield 2.99 %
  • ROCE 18.2 %
  • ROE 14.0 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 148%
  • Company's working capital requirements have reduced from 34.6 days to 24.4 days

Cons

  • The company has delivered a poor sales growth of 8.83% over past five years.
  • Company has a low return on equity of 12.4% over last 3 years.
  • Earnings include an other income of Rs.1,602 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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

Part of BSE Sensex Nifty 50 BSE 500 BSE Information Technology BSE 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
10,133 10,599 10,988 10,938 10,697 10,440 10,699 10,584 10,780 11,077 11,176 11,584 11,595
8,820 9,581 9,593 9,895 9,911 10,102 10,089 9,824 9,777 10,031 9,999 10,552 10,178
Operating Profit 1,313 1,018 1,395 1,043 787 337 610 759 1,003 1,046 1,177 1,031 1,417
OPM % 13% 10% 13% 10% 7% 3% 6% 7% 9% 9% 11% 9% 12%
144 536 369 80 201 514 258 198 125 870 175 163 394
Interest 28 38 58 57 54 58 76 60 52 66 60 61 59
Depreciation 206 210 195 202 205 206 208 213 211 212 217 216 211
Profit before tax 1,224 1,306 1,510 864 729 587 583 683 866 1,638 1,075 918 1,541
Tax % 23% 27% 20% 22% 23% 5% 11% 30% 24% 22% 20% 23% 24%
940 956 1,204 677 560 556 517 480 657 1,280 858 710 1,178
EPS in Rs 9.67 9.83 12.37 6.95 5.74 5.70 5.29 4.92 6.72 13.09 8.77 7.26 12.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
16,266 19,163 20,970 23,165 23,692 27,228 29,225 29,641 35,761 42,657 42,700 44,617 45,432
12,716 15,894 17,592 19,494 19,793 22,059 25,481 24,311 29,970 37,888 40,123 40,359 40,760
Operating Profit 3,551 3,268 3,378 3,672 3,899 5,169 3,744 5,330 5,792 4,770 2,577 4,258 4,671
OPM % 22% 17% 16% 16% 16% 19% 13% 18% 16% 11% 6% 10% 10%
201 184 1,094 893 1,728 960 2,322 922 1,447 1,128 1,069 1,333 1,602
Interest 87 48 53 64 71 43 67 63 69 181 251 239 246
Depreciation 427 473 542 622 656 659 667 662 740 813 850 855 856
Profit before tax 3,238 2,930 3,876 3,879 4,900 5,427 5,332 5,527 6,429 4,904 2,545 4,497 5,172
Tax % 17% 23% 18% 21% 18% 19% 15% 23% 22% 23% 19% 22%
2,686 2,256 3,173 3,047 3,994 4,380 4,534 4,239 5,023 3,778 2,064 3,506 4,028
EPS in Rs 28.76 23.48 32.78 31.28 40.77 44.54 46.95 43.78 51.69 38.78 21.13 35.81 41.15
Dividend Payout % 17% 26% 37% 29% 34% 31% 32% 103% 58% 129% 189% 126%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 8%
TTM: 7%
Compounded Profit Growth
10 Years: 4%
5 Years: -7%
3 Years: -14%
TTM: 82%
Stock Price CAGR
10 Years: 11%
5 Years: 15%
3 Years: 12%
1 Year: -6%
Return on Equity
10 Years: 18%
5 Years: 15%
3 Years: 12%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 234 480 484 487 490 492 483 484 486 487 488 490
Reserves 8,357 10,776 14,507 16,403 19,045 20,156 21,790 24,532 25,724 24,717 22,613 21,931
309 5 228 262 255 13 481 519 617 579 506 982
5,840 5,755 5,676 6,580 7,041 9,682 7,568 7,840 8,733 10,252 11,084 12,778
Total Liabilities 14,739 17,016 20,894 23,733 26,830 30,342 30,322 33,375 35,559 36,035 34,692 36,181
1,834 1,981 2,122 2,498 3,230 2,786 3,336 3,048 3,630 3,641 3,659 3,878
CWIP 264 551 628 362 235 272 35 111 136 48 94 18
Investments 2,294 4,088 4,976 7,716 10,258 12,961 10,649 16,552 14,532 13,320 12,517 12,427
10,348 10,397 13,168 13,156 13,106 14,324 16,302 13,663 17,262 19,026 18,422 19,859
Total Assets 14,739 17,016 20,894 23,733 26,830 30,342 30,322 33,375 35,559 36,035 34,692 36,181

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,294 2,108 2,876 3,332 3,273 3,634 2,380 6,852 3,213 4,102 5,123 4,293
352 -1,637 -1,082 -2,590 -2,146 -1,529 3,306 -5,602 1,576 734 -41 513
-917 -770 -792 -1,479 -1,210 -2,036 -4,842 -2,066 -4,607 -4,992 -4,747 -4,659
Net Cash Flow 729 -299 1,002 -736 -82 69 844 -816 181 -156 334 146

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 88 81 90 72 79 80 78 89 101 89 82 81
Inventory Days
Days Payable
Cash Conversion Cycle 88 81 90 72 79 80 78 89 101 89 82 81
Working Capital Days 46 57 69 69 61 34 71 49 60 45 34 24
ROCE % 44% 29% 30% 24% 26% 27% 25% 23% 25% 19% 11% 18%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
35.21% 35.19% 35.17% 35.15% 35.13% 35.10% 35.08% 35.04% 35.02% 35.01% 35.00% 34.99%
28.20% 27.95% 26.87% 25.69% 26.22% 24.58% 24.15% 23.27% 23.67% 24.19% 22.95% 23.28%
23.61% 23.73% 25.68% 26.86% 27.03% 28.91% 29.42% 30.66% 30.90% 30.73% 32.13% 32.13%
0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17%
12.81% 12.93% 12.07% 12.11% 11.44% 11.22% 11.16% 10.84% 10.23% 9.88% 9.74% 9.43%
No. of Shareholders 9,73,2079,92,2389,36,5349,29,8278,85,5908,67,3738,48,4848,26,2847,74,9977,61,3837,61,7017,48,176

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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