Tech Mahindra Ltd

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

₹ 1,777 -1.92%
28 Oct - close price
techmahindra.com BSE: 532755 NSE: TECHM F&O
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:[1]
The company is a subsidiary
ofthe 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.

Website BSE NSE F&O
  • Market Cap ₹ 1,74,567 Cr.
  • Current Price ₹ 1,777
  • High / Low ₹ 1,854 / 1,304
  • Stock P/E 30.6
  • Book Value ₹ 303
  • Dividend Yield 2.87 %
  • ROCE 23.1 %
  • ROE 17.5 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 112%

Cons

  • The company has delivered a poor sales growth of 8.46% over past five years.
  • Company has a low return on equity of 13.3% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
12,864 13,101 12,871 13,006 13,313 13,286 13,384 13,351 13,995 14,393 15,076 15,712 16,180
11,950 11,955 11,772 11,441 11,563 11,477 11,545 11,416 11,830 12,028 12,511 12,974 13,302
Operating Profit 914 1,146 1,099 1,564 1,750 1,809 1,839 1,935 2,165 2,366 2,565 2,738 2,878
OPM % 7% 9% 9% 12% 13% 14% 14% 14% 15% 16% 17% 17% 18%
264 92 380 147 522 23 173 219 40 -293 -205 -106 -7
Interest 98 116 58 72 89 76 85 78 77 94 89 111 84
Depreciation 466 443 461 462 470 459 462 458 469 474 481 479 491
Profit before tax 615 679 959 1,178 1,714 1,297 1,464 1,618 1,659 1,505 1,791 2,042 2,296
Tax % 18% 23% 31% 27% 27% 24% 22% 30% 28% 26% 24% 27% 30%
505 524 664 865 1,258 989 1,142 1,129 1,202 1,119 1,356 1,486 1,610
EPS in Rs 5.06 5.23 6.77 8.71 12.78 10.05 11.92 11.65 12.19 11.45 13.82 14.95 16.18
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
22,621 26,494 29,141 30,773 34,742 36,868 37,855 44,646 53,290 51,996 52,988 56,815 61,361
18,428 22,234 24,956 26,063 28,471 31,365 31,059 36,626 45,527 47,489 46,024 47,783 50,814
Operating Profit 4,193 4,260 4,184 4,710 6,271 5,503 6,796 8,020 7,763 4,506 6,964 9,033 10,548
OPM % 19% 16% 14% 15% 18% 15% 18% 18% 15% 9% 13% 16% 17%
106 453 775 1,417 534 1,192 788 1,115 965 927 864 -240 -612
Interest 69 97 129 162 133 192 174 163 326 392 322 337 377
Depreciation 611 759 978 1,085 1,129 1,446 1,458 1,520 1,957 1,817 1,853 1,882 1,925
Profit before tax 3,618 3,857 3,853 4,879 5,543 5,058 5,953 7,452 6,446 3,224 5,653 6,573 7,634
Tax % 27% 22% 26% 22% 23% 23% 27% 24% 25% 26% 25% 27%
2,659 3,027 2,851 3,786 4,289 3,897 4,353 5,630 4,857 2,397 4,253 4,806 5,571
EPS in Rs 27.35 30.92 28.88 38.78 43.70 41.76 45.73 57.27 49.60 24.14 43.43 49.10 56.40
Dividend Payout % 22% 35% 28% 33% 29% 32% 89% 47% 91% 150% 94% 94%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 2%
TTM: 14%
Compounded Profit Growth
10 Years: 5%
5 Years: 2%
3 Years: 1%
TTM: 27%
Stock Price CAGR
10 Years: 15%
5 Years: 4%
3 Years: 17%
1 Year: 23%
Return on Equity
10 Years: 17%
5 Years: 16%
3 Years: 13%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 480 436 439 442 444 436 437 439 440 441 442 443 443
Reserves 11,768 14,155 15,998 18,401 19,841 21,377 24,428 26,447 27,484 26,228 26,919 29,173 29,230
700 1,091 1,366 2,397 1,996 3,670 2,901 2,618 2,740 2,537 2,025 2,186 2,184
6,899 6,843 8,254 9,192 11,166 11,834 11,836 14,911 15,162 13,943 14,880 17,366 16,947
Total Liabilities 19,848 22,525 26,057 30,431 33,446 37,318 39,602 44,416 45,827 43,149 44,267 49,168 48,803
4,033 4,309 6,460 7,622 7,061 8,872 9,018 14,784 14,932 13,903 13,982 14,864 15,028
CWIP 568 629 373 240 276 50 118 165 120 133 21 27 131
Investments 2,103 1,297 2,396 4,841 7,342 5,848 10,238 4,884 3,388 3,238 3,182 3,426 2,608
13,145 16,289 16,828 17,728 18,766 22,548 20,228 24,583 27,388 25,875 27,082 30,851 31,036
Total Assets 19,848 22,525 26,057 30,431 33,446 37,318 39,602 44,416 45,827 43,149 44,267 49,168 48,803

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,448 3,137 4,071 3,554 4,432 4,358 8,094 5,285 5,572 6,376 5,786 6,172
-1,865 -1,453 -2,893 -3,319 -2,104 1,081 -5,433 480 -226 -1,318 -15 -314
-829 -496 -1,571 -269 -2,251 -4,466 -2,987 -4,667 -5,078 -4,767 -5,799 -5,130
Net Cash Flow -246 1,188 -392 -35 77 974 -326 1,098 267 291 -29 728
Free Cash Flow 1,335 2,266 3,311 2,763 3,653 3,529 7,521 4,450 4,603 5,639 5,303 5,626
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 84% 105% 123% 108% 97% 107% 140% 95% 97% 169% 104% 87%

Ratios

Consolidated / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 84 80 67 77 73 75 62 98 88 80 80 86
Inventory Days
Days Payable
Cash Conversion Cycle 84 80 67 77 73 75 62 98 88 80 80 86
Working Capital Days 54 58 57 42 24 35 24 29 28 23 25 30
ROCE % 32% 27% 23% 24% 25% 22% 23% 26% 22% 12% 19% 23%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Communications Vertical Revenue Share
%

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IT LTM Attrition Rate
%
Total Headcount
Number of employees
LTM New Deal Wins (TCV)
USD Mn
IT Utilization (including trainees)
%
Number of $50M+ Clients
Number of clients
IT Headcount Onsite Mix
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
35.10% 35.08% 35.04% 35.02% 35.01% 35.00% 34.99% 34.98% 34.97% 34.97% 34.96% 34.96%
24.58% 24.15% 23.27% 23.67% 24.19% 22.95% 23.28% 20.60% 17.94% 18.59% 18.66% 20.76%
28.91% 29.42% 30.66% 30.90% 30.73% 32.13% 32.13% 34.64% 37.79% 37.34% 36.92% 35.68%
0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17%
11.22% 11.16% 10.84% 10.23% 9.88% 9.74% 9.43% 9.61% 9.14% 8.94% 9.28% 8.42%
No. of Shareholders 8,67,3738,48,4848,26,2847,74,9977,61,3837,61,7017,48,1767,66,7827,39,8837,38,0557,44,1617,18,233

* 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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Documents

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