Information Technology · NIFTY 50

Tech Mahindra Limited

NSETECHM BSE532755 ISININE669C01036 SeriesEQ Listed on NSE · BSE

₹1,774.00 -14.50 (-0.81%) Updated 12 Nov, 8:49 pm IST

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Price, daily close+29.93% in a year

Today

Open: ₹1,777.80
Prev close: ₹1,788.50
Day high: ₹1,790.00
Day low: ₹1,761.00
Volume: 21.60 L
Value traded: ₹382.99 Cr
Upper circuit: ₹1,827.40
Lower circuit: ₹1,721.00
52W high: ₹1,860.00
52W low: ₹1,304.10
1 month: +22.38%
6 months: +25.63%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹157,176 Cr

P/E (TTM)28.51

P/B5.30

Book value / share₹334.91

EPS (TTM)₹62.22

ROE15.5%

Dividend yield2.87%

Dividend (12m)₹51.00 / share

Net margin (TTM)7.5%

Operating margin17.8%

Debt / equity0.07

Current ratio1.80

EV / EBITDA15.04

Sales growth (YoY qtr)+15.61%

Profit growth (YoY qtr)+32.74%

Sales CAGR 3Y+2.16%

Profit CAGR 3Y-0.14%

Shares88.60 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

13,101510

Dec 23

12,871661

Mar 24

13,00548.7

Jun 24

13,3131,257

Sep 24

13,286989

Dec 24

13,384203

Mar 25

13,3511,141

Jun 25

13,9951,195

Sep 25

14,393199

Dec 25

15,0761,354

Mar 26

15,7121,465

Jun 26

16,1801,586

Sep 26

Revenue · QoQ (vs last quarter)

—-1.8%+1.0%+2.4%-0.2%+0.7%-0.2%+4.8%+2.8%+4.7%+4.2%+3.0%

Revenue · YoY (vs a year ago)

————+1.4%+4.0%+2.7%+5.1%+8.3%+13%+18%+16%

Net profit · QoQ (vs last quarter)

—+30%-93%+2,482%-21%-80%+463%+4.7%-83%+581%+8.2%+8.2%

Net profit · YoY (vs a year ago)

————+94%-69%+2,242%-5.0%-80%+568%+28%+33%

RevenueNet profitLine = trend

5.76

Dec 23

7.45

Mar 24

9.60

Jun 24

14.10

Sep 24

11.08

Dec 24

13.15

Mar 25

12.86

Jun 25

13.46

Sep 25

12.64

Dec 25

15.24

Mar 26

16.50

Jun 26

17.84

Sep 26

EPS (₹) · YoY (vs a year ago)

————+92%+77%+34%-4.5%+14%+16%+28%+33%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	13,101	12,871	13,005	13,313	13,286	13,384	13,351	13,995	14,393	15,076	15,712	16,180
Other income	87.5	374	145	522	16.5	173	218	40.0	-21.7	-205	-106	-7.4
Total income	13,189	13,245	13,150	13,835	13,302	13,557	13,570	14,035	14,372	14,871	15,606	16,173
Raw material	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Purchases	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Employee cost	7,409	7,249	7,332	7,505	7,425	7,362	7,499	7,629	7,564	7,787	7,877	8,232
Other expenses	4,545	4,523	4,110	4,058	4,052	4,182	3,917	4,198	4,464	4,724	5,093	5,070
Total expenses	12,515	12,292	11,975	12,122	12,011	12,091	11,952	12,373	12,595	13,081	13,559	13,877
Operating profit	1,151	1,106	1,564	1,751	1,816	1,839	1,935	2,165	2,093	2,565	2,743	2,879
OPM %	8.8%	8.6%	12.0%	13.2%	13.7%	13.7%	14.5%	15.5%	14.5%	17.0%	17.5%	17.8%
Finance cost	117	58.5	71.5	89.0	75.9	85.3	77.8	77.2	93.6	88.8	111	83.6
Depreciation	443	461	462	470	459	462	458	469	474	481	479	491
Exceptional items	4.8	6.4	—	0.6	6.6	-1.2	—	-2.8	-272	-0.1	—	—
Profit before tax	679	959	1,175	1,713	1,297	1,464	1,618	1,659	1,504	1,791	2,046	2,296
Tax	155	295	313	456	309	322	489	458	387	434	556	686
Net profit	524	664	865	1,257	989	1,142	1,129	1,202	1,119	1,356	1,486	1,610
Profit to shareholders	510	661	48.7	—	—	203	1,141	1,195	199	1,354	1,465	1,586
EPS (₹)	5.76	7.45	9.60	14.10	11.08	13.15	12.86	13.46	12.64	15.24	16.50	17.84

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

34,7426,2714,298

FY19

36,8685,5034,033

FY20

37,8556,7984,428

FY21

44,6468,0235,566

FY22

53,2907,7634,831

FY23

51,9954,5172,358

FY24

52,9886,972241

FY25

56,8158,7604,811

FY26

Revenue · YoY (vs a year ago)

—+6.1%+2.7%+18%+19%-2.4%+1.9%+7.2%

Net profit · YoY (vs a year ago)

—-6.2%+9.8%+26%-13%-51%-90%+1,895%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	34,742	36,868	37,855	44,646	53,290	51,995	52,988	56,815
Other income	534	1,192	787	1,112	965	917	855	31.9
Total expenses	29,668	32,997	32,691	38,309	47,781	49,698	48,199	50,000
Employee cost	17,508	18,810	19,297	22,286	27,692	29,128	29,624	30,479
Operating profit	6,271	5,503	6,798	8,023	7,763	4,517	6,972	8,760
OPM %	18.1%	14.9%	18.0%	18.0%	14.6%	8.7%	13.2%	15.4%
Finance cost	133	192	174	163	326	392	322	337
Depreciation	1,129	1,446	1,458	1,520	1,957	1,817	1,853	1,882
Profit before tax	5,543	5,058	5,953	7,452	6,445	3,224	5,653	6,573
Tax	1,254	1,160	1,600	1,822	1,589	828	1,400	1,768
Tax rate %	22.6%	22.9%	26.9%	24.4%	24.6%	25.7%	24.8%	26.9%
Net profit	4,289	3,897	4,353	5,630	4,857	2,397	4,253	4,806
Profit to shareholders	4,298	4,033	4,428	5,566	4,831	2,358	241	4,811
Net margin %	12.4%	10.9%	11.7%	12.5%	9.1%	4.5%	0.5%	8.5%
EPS (₹)	47.72	45.85	50.19	62.81	54.54	26.58	47.91	54.19

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

27,9251,5784,056

Mar 23

26,6691,5314,347

Mar 24

27,3622,0254,319

Mar 25

29,6152,1865,046

Mar 26

29,6732,1844,720

Sep 26

Shareholders' equity · YoY (vs a year ago)

—-4.5%+2.6%+8.2%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	27,925	26,669	27,362	29,615	29,673
Long-term borrowings	129	103	1,147	1,589	1,546
Short-term borrowings	1,449	1,429	878	597	637
Total borrowings	1,578	1,531	2,025	2,186	2,184
Current liabilities	14,551	13,847	12,674	14,498	15,108
Fixed assets (PPE)	2,862	2,558	2,381	2,426	2,454
Inventories	23.6	37.5	39.4	104	94.7
Trade receivables	12,882	11,401	11,547	13,358	14,100
Cash & equivalents	4,056	4,347	4,319	5,046	4,720
Current assets	24,433	23,425	23,679	27,575	27,270
Total assets	46,153	43,424	44,495	49,369	48,803
Debt / equity	0.06	0.06	0.07	0.07	0.07

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

5,285482-4,667

FY22

5,572-278-5,078

FY23

6,376-1,314-4,767

FY24

5,786-23.2-5,799

FY25

6,172-409-5,131

FY26

Operations · YoY (vs a year ago)

—+5.4%+14%-9.3%+6.7%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	5,285	5,572	6,376	5,786	6,172
Cash from investing	482	-278	-1,314	-23.2	-409
Cash from financing	-4,667	-5,078	-4,767	-5,799	-5,131
Spent on fixed assets	-958	-1,015	-791	-594	-696
Free cash flow	4,327	4,557	5,585	5,192	5,476
Net cash flow	1,100	215	295	-36.8	632

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

35.1%Dec 23

35.1%Mar 24

35.1%Jun 24

35.0%Sep 24

35.0%Dec 24

35.0%Mar 25

35.0%Jun 25

35.0%Sep 25

35.0%Dec 25

35.0%Mar 26

35.0%Jun 26

35.0%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

35.0%promoter

Promoter & group: 34.96%
Public (FIIs, mutual funds, retail…): 65.04%
Promoter change, last quarter: -0.01 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Interim Dividend - Rs 15 Per ShareEx 23-Oct-2026
Dividend - Rs 36 Per ShareEx 03-Jul-2026
Interim Dividend - Rs 15 Per ShareEx 20-Oct-2025
Dividend - Rs 30 Per ShareEx 04-Jul-2025
Interim Dividend - Rs 15 Per ShareEx 31-Oct-2024
Annual General Meeting/Dividend - Rs 28 Per ShareEx 19-Jul-2024
Interim Dividend - Rs 12 Per ShareEx 02-Nov-2023
Annual General Meeting/Dividend - Rs 32 Per ShareEx 21-Jul-2023

Board meetings

the Quarterly Audited Financial results of the Company for the period ended September 2026 and Dividend/Bonus/Other business.15-Oct-2026
the financial results for the period ended September 30, 2026, dividend, bonus and other business matters15-Oct-2026
the Quarterly Audited Financial results of the Company for the period ended June 2026 and Other business.16-Jul-2026
the financial results for the period ended Jun 30, 2026 and other business matters16-Jul-2026
Prior intimation of the Board Meeting for recommendation of Final Dividend for FY 2025-2622-Apr-2026

Filings with NSE

Acquisition6 Nov
Analysts/Institutional Investor Meet/Con. Call Updates5 Nov
Analysts/Institutional Investor Meet/Con. Call Updates5 Nov
Analysts/Institutional Investor Meet/Con. Call Updates5 Nov
General Updates23 Oct
Shareholders meeting22 Oct
Analysts/Institutional Investor Meet/Con. Call Updates21 Oct

Latest news

Tech Mahindra Limited (TECHM.NS) stock price, news, quote and historyYahoo Finance UK · 9 Nov, 6:38 am TECHM Outlook for the WeekEquitypandit · 8 Nov, 1:30 pm Why are Tech Mahindra shares up 8% after Q2 results? Jefferies upgrades stock, Motilal Oswal reiterates buyBusinessLine · 17 Oct, 12:30 pm Tech Mahindra shares see sharpest fall among IT peers: What is behind the slide?Upstox · 12 Oct, 12:30 pm Tech Mahindra shares fall ahead of board meet to consider Q2 results, bonusCNBC TV18 · 12 Oct, 12:30 pm Tech Mahindra shares fall up to 4% ahead of Q2 results this week: Here's whyMoneycontrol.com · 12 Oct, 12:30 pm Tech Mahindra Q2 preview: PAT may jump 30-40% YoY; firm to mull bonus issueBusiness Standard · 14 Oct, 12:30 pm The Bet Tech Mahindra Holders MadeSimply Wall St · 11 Nov, 11:54 pm

About

About Tech Mahindra Limited

Tech Mahindra Limited is listed on the NSE under the symbol TECHM and belongs to the Information Technology sector.

Company details

Company name: Tech Mahindra Limited
NSE symbol: TECHM
BSE scrip code: 532755
ISIN: INE669C01036
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 28 Aug 2006
Face value: ₹5 per share
Market lot: 1 share
Shares issued: 88.60 crore
Index: NIFTY 50, NIFTY 500
Sector (NSE): Information Technology
Industry: Information Technology Services
Managing director / CEO: Mohit Joshi
Chair: Anand Mahindra
Headquarters: Pune, Maharashtra, India
Registered address: Plot No 01, Rajiv Gandhi Infotech Park, Phase III, Hinjewadi, MIDC, SEZ, Pune Maharashtra, 411057 Tel: +91 20-4225 0000
Founded: 1986
Employees: 147,623
Financial year: April to March
Results basis: Consolidated
Website: techmahindra.com

Peers

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Tech Mahindra Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers