₹1,510.3
▲ +11.54 +0.77%
17 Jul 2026
NSE Listed · IT - Software
Tech Mahindra Limited (TECHM)
Volume: 29,03,245Avg Vol 1W: 10,14,182Avg Vol 1M: 11,91,96752W Range:₹1,304.1₹1,854
Key Ratios
Checked just nowMarket Cap₹1,48,018 Cr
Current Price₹1,510.3
Previous Close₹1,498.76
High / Low (52w)₹1,854 / ₹1,304.1
Volume29,03,245
Avg Vol (1W)10,14,182
Avg Vol (1M)11,91,967
Stock P/E98.91
Book Value₹302.66
Dividend Yield3.37%
ROE16.24%
ROA9.73%
Revenue (TTM)—
Revenue Growth1.91%
Profit Margin8.47%
Total Debt₹0 Cr
Shares Outstanding98 Cr
Face Value₹5
EPS (TTM)₹54.29
P/B4.99
Debt / Equity0.07
50 DMA₹1,441.11
200 DMA₹1,430.14
Day change+0.77%
Price Chart
₹1,510.3▲ 3.34% · 1Y
2025-11-212026-07-16
20-day avg volume: 11.5L shares
Pros
- Healthy return on equity of 16.2%.
- Pays a dividend yield of 3.4%.
- Company is almost debt-free.
- Net profit is growing year over year.
Cons
- Stock trades at a high P/E of 99.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹13,006 Cr | ₹13,313 Cr | ₹13,286 Cr | ₹13,384 Cr | ₹13,351 Cr | ₹13,995 Cr | ₹14,393 Cr | ₹15,076 Cr |
| EBITDA | ₹1,247 Cr | ₹1,802 Cr | ₹1,367 Cr | ₹1,551 Cr | ₹1,695 Cr | ₹1,739 Cr | ₹1,870 Cr | ₹1,880 Cr |
| Net Profit | ₹852 Cr | ₹1,250 Cr | ₹983 Cr | ₹1,167 Cr | ₹1,141 Cr | ₹1,195 Cr | ₹1,122 Cr | ₹1,354 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹35,276 Cr | ₹38,060 Cr | ₹38,642 Cr | ₹45,758 Cr | ₹54,255 Cr | ₹52,912 Cr | ₹53,844 Cr | ₹56,847 Cr |
| EBITDA | ₹5,742 Cr | ₹5,255 Cr | ₹6,126 Cr | ₹7,612 Cr | ₹6,800 Cr | ₹3,606 Cr | ₹5,966 Cr | ₹7,184 Cr |
| Net Profit | ₹4,298 Cr | ₹4,033 Cr | ₹4,428 Cr | ₹5,566 Cr | ₹4,831 Cr | ₹2,358 Cr | ₹4,252 Cr | ₹4,811 Cr |
| EPS | 47.72 | 45.85 | 50.19 | 62.81 | 54.54 | 26.58 | 47.91 | 54.19 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹33,447 Cr | ₹37,354 Cr | ₹39,678 Cr | ₹44,871 Cr | ₹46,153 Cr | ₹43,424 Cr | ₹44,495 Cr | ₹49,369 Cr |
| Total Liabilities | ₹12,685 Cr | ₹15,147 Cr | ₹14,434 Cr | ₹17,490 Cr | ₹17,759 Cr | ₹16,277 Cr | ₹16,703 Cr | ₹19,292 Cr |
| Equity | ₹20,762 Cr | ₹22,206 Cr | ₹25,245 Cr | ₹27,381 Cr | ₹28,395 Cr | ₹27,147 Cr | ₹27,792 Cr | ₹30,077 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹6,093 Cr | ₹5,871 Cr | ₹9,508 Cr | ₹7,599 Cr | ₹7,565 Cr | ₹7,623 Cr | ₹7,260 Cr | ₹7,822 Cr |
| Investing | ₹-2,116 Cr | ₹1,029 Cr | ₹-5,450 Cr | ₹482 Cr | ₹-278 Cr | ₹-1,314 Cr | ₹-23 Cr | ₹-409 Cr |
| Financing | ₹-2,251 Cr | ₹-4,465 Cr | ₹-2,987 Cr | ₹-4,667 Cr | ₹-5,078 Cr | ₹-4,767 Cr | ₹-5,799 Cr | ₹-5,130 Cr |
| Free Cash Flow | ₹6,093 Cr | ₹5,871 Cr | ₹9,508 Cr | ₹7,599 Cr | ₹7,565 Cr | ₹7,623 Cr | ₹7,260 Cr | ₹7,822 Cr |
Shareholding
Promoter 34.98% Institutions 55.93% Public 9.1%
Efficiency & Working Capital
ROCE21.7%
Interest Coverage20.5
Dividend Payout—
Debtor Days86 d
Inventory Days1 d
Payable Days32 d
Cash Conversion Cycle54 d
Working Capital Days86 d
Shareholding Details
As of 2026-03-31
Promoter35%
FII18.6%
DII37.3%
Institutions55.9%
Public9.1%
Promoter Pledge0%
No. of Shareholders7,38,055
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 35.2% | 35.1% | 35.1% | 35.1% | 35% | 35% | 35% | 35% | 35% | 35% | 35% | 35% |
| FIIs | 25.7% | 26.2% | 24.6% | 24.2% | 23.3% | 23.7% | 24.2% | 23% | 23.3% | 20.6% | 17.9% | 18.6% |
| DIIs | 27% | 25.6% | 29% | 29.5% | 30.8% | 31% | 30.7% | 32.1% | 32.1% | 34.6% | 37.8% | 37.3% |
| Public | 12.2% | 13.1% | 11.3% | 11.2% | 10.9% | 10.3% | 10.1% | 9.9% | 9.6% | 9.8% | 9.3% | 9.1% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 9,29,827 | 8,85,590 | 8,67,373 | 8,48,484 | 8,26,284 | 7,74,997 | 7,61,383 | 7,61,701 | 7,48,176 | 7,66,782 | 7,39,883 | 7,38,055 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Mahindra & Mahindra Limited | Shareholding of Promoter and Promoter Group | 25.3% | 24.80 Cr |
| Life Insurance Corporation Of India | Public Shareholding | 11.4% | 11.21 Cr |
| Tml Benefit Trust Through Puneet Renjhen | Shareholding of Promoter and Promoter Group | 9.6% | 9.42 Cr |
| Sbi Nifty 50 Etf | Public Shareholding | 4.7% | 4.60 Cr |
| Icici Prudential Technology Fund | Public Shareholding | 2.5% | 2.48 Cr |
| Nps Trust- A/c Sbi Pension Fund Scheme - State Govt | Public Shareholding | 1.8% | 1.79 Cr |
| Kotak Flexicap Fund | Public Shareholding | 1.8% | 1.77 Cr |
| Aditya Birla Sun Life Trustee Private Limited A/c Aditya Birla Sun Life Flexi Cap Fund | Public Shareholding | 1.8% | 1.75 Cr |
| Uti Nifty 50 Etf | Public Shareholding | 1.4% | 1.41 Cr |
| Nippon Life India Trustee Ltd-a/c Nippon India Etf Nifty 50 Bees | Public Shareholding | 1.3% | 1.31 Cr |
| Sbi Life Insurance Co. Ltd | Public Shareholding | 1.3% | 1.28 Cr |
| Mahindra Investment Company Mauritius Limited [formerly Known As Mahindra-bt Investment Company (mau | Shareholding of Promoter and Promoter Group | 0% | 2,42,904 |
| Mahindra Holdings Limited | Shareholding of Promoter and Promoter Group | 0% | 1,98,201 |
| 2 X 2 Logistics Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Anthurium Developers Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Blue Planet Integrated Waste Solutions Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Bristlecone India Private Limited (formerly Know As Bristlecone India Limited) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Carnot Technologies Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Classic Legends Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Deep Mangal Developers Private Ltd | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Furies Solren Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Gables Promoters Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Gelos Solren Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Gromax Agri Equipment Limited (formerly Known As Mahindra Gujarat Tractor Limited) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Guestline Hospitality Management And Developement Services Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Tml Benefit Trust Through Puneet Renjhen | 0 | 0% | 2026-03-31 |
| Mahindra & Mahindra Limited | 0 | 0% | 2026-03-31 |
| Mahindra Holdings Limited | 0 | 0% | 2026-03-31 |
| 2 X 2 Logistics Private Limited | 0 | 0% | 2026-03-31 |
| Anthurium Developers Limited | 0 | 0% | 2026-03-31 |
| Blue Planet Integrated Waste Solutions Private Limited | 0 | 0% | 2026-03-31 |
| Bristlecone India Private Limited (formerly Know As Bristlecone India Limited) | 0 | 0% | 2026-03-31 |
| Carnot Technologies Private Limited | 0 | 0% | 2026-03-31 |
| Classic Legends Private Limited | 0 | 0% | 2026-03-31 |
| Deep Mangal Developers Private Ltd | 0 | 0% | 2026-03-31 |
| Furies Solren Private Limited | 0 | 0% | 2026-03-31 |
| Gables Promoters Private Limited | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Anand Mahindra | Chairman(Non Exe)&Dir(Non-Ind) | 2026 |
| Anish Shah | Non-Exec & Non-Independent Dir | 2026 |
| Puneet Renjhen | Non-Exec & Non-Independent Dir | 2026 |
| Shikha Sharma | Lead Independent Non Executive Director | 2026 |
| Haigreve Khaitan | Independent Non Exe. Director | 2026 |
| Mukti Khaire | Independent Non Exe. Director | 2026 |
| Penelope Fowler | Independent Non Exe. Director | 2026 |
| TARUN BAJAJ | Independent Non Exe. Director | 2026 |
| NEELAM DHAWAN | Independent Non Exe. Director | 2026 |
| Mohit Joshi | Managing Director & CEO | 2026 |
| Ruchie Khanna | Company Sec. & Compli. Officer | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Telecom Service Provider | ₹4,275 Cr | 81.5% |
| Telecom Equipment Manufacture | ₹334 Cr | 6.4% |
| Business Process Outsourcing | ₹481 Cr | 9.2% |
| Others | ₹153 Cr | 2.9% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Americas | ₹25,923 Cr | 53% |
| Europe | ₹12,499 Cr | 25.5% |
| India | ₹3,471 Cr | 7.1% |
| Rest of World | ₹7,034 Cr | 14.4% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹5 | 924 | 490 | 490 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-07-16 | Board Meetings | — |
| dividend | 2026-07-03 | ₹36.0 (720.0%) | Final |
| dividend | 2026-07-03 | ₹36 (720%) | Final |
| dividend | 2025-10-20 | ₹15 (300%) | Interim |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 29,083 | 65 | 0 | 85 | 246 | 31,132 |
| 2026 | 7,203 | 22 | 0 | 0 | 0 | 7,382 |
| 2026 | 16,797 | 0 | 0 | 85 | 224 | 18,236 |
Insider / Designated-Person Trades
30 recent disclosure(s)
RIYA VARMARevoke · 2,195
Sushant TamhankarDisposal · 400
Pravat Kumar RathDisposal · 4,500
Amitava GhoshDisposal · 2,500
Sharat KumarjigudaDisposal · 1,000
Basanta Kumar MishraDisposal · 2,000
Substantial Acquisitions (SAST)
1 disclosure(s)
Market18/02/2022 · 35,26,093
Company Information
🌐 www.techmahindra.com ↗
📍 Gateway Building, Apollo Bunder, Mumbai, Maharashtra, 400001
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