Tech Mahindra Limited

Information Technology · IT - Software

NSE: TECHM BSE: 532755

₹1524.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in IT - Software

The largest companies in the same industry by market cap. This company ranks #5 of 126. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Tata Consultancy Services Limited	741,925	14.8	45.6%	-29.6%	3.17%	98	27	11
Infosys Limited	403,364	13.4	31.6%	-31.2%	4.83%	98	73	11
HCL Technologies Limited	333,781	28.3	22.1%	-11.5%	4.88%	93	29	14
Wipro Limited	156,971	14.7	15.0%	-34.3%	5.05%	83	83	10
Tech Mahindra Limited (this stock)	149,361	39.1	16.0%	7.6%	—	78	10	31
LTM Limited	119,983	24.6	20.7%	-21.0%	1.85%	78	21	12
Oracle Financial Services Software Limited	92,558	26.0	33.7%	21.8%	3.76%	80	12	29
Persistent Systems Limited	83,276	49.3	23.8%	6.5%	—	82	25	31

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹147,537 Cr

EV / EBITDA

23.4x

EV / Sales

2.92x

Market cap / Sales

2.95x

Earnings yield

2.56%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 13,081 Cr, up 9.1% YoY.

↓ Negative

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 1,138 Cr, down 3.4% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	13,219	1,510	1,138	₹11.6000
March 31, 2026	12,956	828	541	₹5.5200
Dec. 31, 2025	12,308	1,261	964	₹9.8300
Sept. 30, 2025	12,068	1,533	1,176	₹11.9900
June 30, 2025	11,595	1,541	1,178	₹12.0200
March 31, 2025	11,584	917	710	₹7.2500
Dec. 31, 2024	11,176	1,075	858	₹8.7600
Sept. 30, 2024	10,939	1,640	1,294	₹13.2060
June 30, 2024	10,630	822	625	₹6.3800
March 31, 2024	10,411	708	528	₹5.3880
Dec. 31, 2023	10,551	542	486	₹4.9660
Sept. 30, 2023	10,440	587	556	₹5.6810
June 30, 2023	10,697	729	560	₹5.7230

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	13,081	12,761	12,443	12,314	11,989	11,747	11,351	11,860	10,753	10,684	10,817	10,953	10,898
Operating revenue	13,219	12,956	12,308	12,068	11,595	11,584	11,176	10,939	10,630	10,411	10,551	10,440	10,697
Other income	-137	-195	135	246	394	163	175	921	123	273	265	514	201
Operating expenses	11,260	11,629	10,646	10,511	10,178	10,552	9,999	9,952	9,678	9,713	10,000	10,102	9,911
Operating profit	1,959	1,328	1,662	1,557	1,417	1,031	1,177	987	952	698	552	337	787
Operating profit margin	14.8%	10.2%	13.5%	12.9%	12.2%	8.9%	10.5%	9.0%	9.0%	6.7%	5.2%	3.2%	7.4%
Depreciation	235	230	219	213	211	216	217	203	202	204	200	206	205
Interest	76	74	72	57	59	61	60	65	51	59	75	58	54
Exceptional items, gain / (loss)	—	—	-245	—	—	—	—	—	—	—	—	—	—
Profit before tax	1,510	828	1,261	1,533	1,541	917	1,075	1,640	822	707	542	587	729
Tax	372	287	297	358	363	207	217	346	198	180	56	31	169
Net profit	1,138	541	964	1,176	1,178	710	858	1,294	625	527	486	556	560
EPS	11.60	5.52	9.83	11.99	12.02	7.25	8.76	13.21	6.38	5.39	4.97	5.68	5.72
Net profit (TTM)	3,819	3,859	4,028	3,923	4,041	3,487	3,304	2,932	2,194	2,129	2,278	2,996	3,602
EPS (TTM)	38.94	39.36	41.09	40.02	41.24	35.60	33.73	29.94	22.42	21.76	23.30	30.67	36.90

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	48,927	5,164	3,859
March 31, 2025	44,617	4,497	3,506
March 31, 2024	42,099	2,565	2,129
March 31, 2023	42,657	4,904	3,778

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	4.0%	10.1%	49,508^†	46,000^†	43,352^†	43,996^†	30,563^†	31,592^†	28,173^†	25,384^†	24,058^†
Operating revenue	4.7%	10.5%	48,927	44,617	42,099	42,657	29,641^†	29,225^†	27,212^†	23,661^†	23,165^†
Other income	—	—	581^†	1,383^†	1,252^†	1,339^†	922^†	2,366^†	961^†	1,723^†	893^†
Operating expenses	—	—	42,964^†	40,180^†	39,726^†	37,746^†	24,311^†	25,525^†	22,038^†	19,751^†	—
Operating profit	6.7%	2.3%	5,963^†	4,437^†	2,374^†	4,911^†	5,330^†	3,700^†	5,174^†	3,910^†	—
Operating profit margin	—	—	12.2%^†	9.9%^†	5.6%^†	11.5%^†	18.0%^†	12.7%^†	19.0%^†	16.5%^†	—
Depreciation	—	—	873^†	838^†	815^†	773^†	662^†	667^†	659^†	656^†	—
Interest	—	—	262^†	237^†	246^†	175^†	63^†	67^†	43^†	71^†	64^†
Exceptional items, gain / (loss)	—	—	-245^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	1.7%	-1.3%	5,164	4,497	2,565	4,904	5,527^†	5,332^†	5,433^†	4,906^†	3,879^†
Tax	—	—	1,304^†	968^†	436^†	1,091^†	1,288^†	798^†	1,046^†	907^†	831^†
Net profit	0.7%	-1.9%	3,859	3,506	2,129	3,778	4,239^†	4,534^†	4,387^†	3,999^†	3,047^†
EPS	-0.7%	-2.1%	39.36^†	35.60^†	21.76^†	40.22^†	43.79^†	46.89^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	12.2%^†	9.9%^†	5.6%^†	11.5%^†	18.0%^†	12.7%^†	19.0%^†	16.5%^†	—
EBIT margin	11.1%^†	10.6%^†	6.7%^†	11.9%^†	18.9%^†	18.5%^†	20.1%^†	21.0%^†	17.0%^†
PBT margin	10.6%	10.1%	6.1%	11.5%	18.6%^†	18.2%^†	20.0%^†	20.7%^†	16.7%^†
Net margin	7.9%	7.9%	5.1%	8.9%	14.3%^†	15.5%^†	16.1%^†	16.9%^†	13.2%^†
Interest coverage	20.75x^†	20.00x^†	11.41x^†	29.06x^†	88.45x^†	80.94x^†	127.12x^†	70.30x^†	61.80x^†
Dividend payout	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—
Current ratio	1.59x	1.67x	—	—	—	—	—	—	—
Quick ratio	1.59x	1.67x	—	—	—	—	—	—	—
Debt to equity	0.00x	0.05x	—	—	—	—	—	—	—
Return on equity	17.8%	15.6%	—	—	—	—	—	—	—
Return on assets	10.1%	9.7%	—	—	—	—	—	—	—
Return on capital employed	21.2%^†	18.4%^†	—	—	—	—	—	—	—
Asset turnover	1.28x	1.23x	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	4,594	432	-4,899	460	4,134
March 31, 2025	4,293	504	-4,659	335	3,958
March 31, 2024	5,005	47	-4,727	422	4,583
March 31, 2023	4,102	677	-4,992	556	3,547
March 31, 2022	2,969	1,672	-4,457	589	2,380

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	38,299	21,722	21,232	0	0	20,168	12,718	1,824	1,836	0
March 31, 2025	36,181	22,421	21,931	230	852	17,520	10,504	1,602	1,851	0
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.