Share Price and Basic Stock Data
Last Updated: October 16, 2025, 5:40 pm
| PEG Ratio | -7.33 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Tech Mahindra Ltd, operating in the IT Consulting & Software industry, reported a price of ₹1,457 and a market capitalization of ₹1,42,742 Cr. For the fiscal year ending March 2023, the company recorded sales of ₹53,290 Cr, which marked a significant increase from ₹44,646 Cr in the previous fiscal year. However, sales are projected to slightly decline to ₹51,996 Cr in FY 2024, before rebounding to ₹52,988 Cr in FY 2025. The quarterly sales figures indicate a degree of volatility, with the latest quarterly sales for September 2023 standing at ₹12,864 Cr, down from ₹13,159 Cr in June 2023. This fluctuation suggests that the company may be facing challenges in maintaining consistent revenue growth amidst a competitive market landscape. The overall trend indicates a need for strategic initiatives to stabilize revenue streams and enhance market positioning.
Profitability and Efficiency Metrics
The profitability of Tech Mahindra demonstrated variability, with a net profit of ₹4,253 Cr in FY 2025, a decline from ₹4,857 Cr in FY 2023. The operating profit margin (OPM) reflected a decline as well, recorded at 13% for FY 2025 compared to 15% in FY 2023. The interest coverage ratio, however, stood robust at 24.31x, indicating strong capacity to meet interest obligations. The return on equity (ROE) was reported at 14.6%, while return on capital employed (ROCE) stood at 18.6%, both of which are commendable metrics within the IT consulting sector. The cash conversion cycle averaged 80 days, suggesting that the company is efficiently managing its working capital, although it reflects a slight increase in operational efficiency challenges. Overall, while profitability metrics indicate some pressure, the company maintains a solid interest coverage ratio, signaling resilience.
Balance Sheet Strength and Financial Ratios
Tech Mahindra’s balance sheet reflects a healthy financial standing, with total reserves amounting to ₹26,919 Cr against borrowings of ₹2,025 Cr, resulting in a low debt-to-equity ratio of 0.01. This indicates a conservative approach to leverage, enhancing financial stability. The current ratio is reported at 1.87, suggesting adequate liquidity to cover short-term obligations. The price-to-book value ratio stands at 4.59x, indicating that the market values the company’s equity significantly above its book value, which could suggest investor confidence. However, the company reported an enterprise value of ₹1,35,180.71 Cr, which is relatively high compared to its net operating revenue, leading to an EV/EBITDA ratio of 15.58x. This valuation metric may raise concerns about overvaluation in light of fluctuating profitability, warranting close monitoring of the financial health and market perception.
Shareholding Pattern and Investor Confidence
In terms of shareholding, Tech Mahindra exhibits a diverse ownership structure, with promoters holding 34.99%, foreign institutional investors (FIIs) at 23.28%, domestic institutional investors (DIIs) at 32.13%, and the public at 9.43%. The number of shareholders has declined to 7,48,176 from previous quarters, which may indicate a reduction in retail investor interest. Notably, the FII stake has fluctuated, decreasing from 28.20% in September 2022 to 22.95% in March 2025. Conversely, DII holdings have shown a positive trend, rising from 23.61% to 32.13% during the same period. This shift may suggest a growing institutional confidence in the company, counterbalancing the decline in FII interest. Overall, the shareholding dynamics reflect a mixed sentiment, with institutional players gradually increasing their stakes.
Outlook, Risks, and Final Insight
If margins sustain and operational efficiencies improve, Tech Mahindra could leverage its strong balance sheet to explore growth opportunities in emerging technology sectors. However, the company faces risks, including potential revenue volatility and challenges in maintaining profitability, as indicated by the fluctuating OPM and declining net profit figures. Additionally, the reliance on institutional investors may expose the company to market sentiment shifts. Despite these risks, the robust interest coverage ratio and low debt levels provide a cushion against economic downturns. Overall, the company’s ability to navigate market challenges and capitalize on institutional interest will be pivotal for its future growth trajectory and shareholder value enhancement.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Tech Mahindra Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Visesh Infotecnics Ltd | 125 Cr. | 0.33 | 0.39/0.33 | 1.12 | 0.00 % | 2.21 % | 2.23 % | 1.00 | |
| Mudunuru Ltd | 27.8 Cr. | 8.80 | 10.2/4.43 | 0.25 | 0.00 % | 27.0 % | 90.7 % | 2.00 | |
| Naapbooks Ltd | 181 Cr. | 168 | 194/99.8 | 40.4 | 33.2 | 0.00 % | 23.6 % | 17.1 % | 10.0 |
| IB Infotech Enterprises Ltd | 36.6 Cr. | 286 | 310/140 | 28.4 | 19.0 | 0.35 % | 38.5 % | 35.4 % | 10.0 |
| Hit Kit Global Solutions Ltd | 6.39 Cr. | 1.32 | 1.73/0.91 | 58.1 | 2.52 | 0.00 % | 2.14 % | 2.15 % | 2.00 |
| Industry Average | 19,303.25 Cr | 566.46 | 143.24 | 118.87 | 0.53% | 14.92% | 20.95% | 6.84 |
Quarterly Result
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12,708 | 13,130 | 13,735 | 13,718 | 13,159 | 12,864 | 13,101 | 12,871 | 13,006 | 13,313 | 13,286 | 13,384 | 13,351 |
| Expenses | 10,828 | 11,185 | 11,600 | 11,915 | 11,821 | 11,950 | 11,955 | 11,772 | 11,441 | 11,563 | 11,477 | 11,545 | 11,416 |
| Operating Profit | 1,880 | 1,944 | 2,135 | 1,803 | 1,338 | 914 | 1,146 | 1,099 | 1,564 | 1,750 | 1,809 | 1,839 | 1,935 |
| OPM % | 15% | 15% | 16% | 13% | 10% | 7% | 9% | 9% | 12% | 13% | 14% | 14% | 14% |
| Other Income | 122 | 290 | 247 | 306 | 200 | 264 | 92 | 380 | 147 | 522 | 23 | 173 | 219 |
| Interest | 40 | 79 | 113 | 93 | 120 | 98 | 116 | 58 | 72 | 89 | 76 | 85 | 78 |
| Depreciation | 477 | 492 | 498 | 490 | 447 | 466 | 443 | 461 | 462 | 470 | 459 | 462 | 458 |
| Profit before tax | 1,486 | 1,664 | 1,771 | 1,525 | 971 | 615 | 679 | 959 | 1,178 | 1,714 | 1,297 | 1,464 | 1,618 |
| Tax % | 23% | 22% | 27% | 26% | 28% | 18% | 23% | 31% | 27% | 27% | 24% | 22% | 30% |
| Net Profit | 1,148 | 1,299 | 1,285 | 1,125 | 704 | 505 | 524 | 664 | 865 | 1,258 | 989 | 1,142 | 1,129 |
| EPS in Rs | 11.64 | 13.21 | 13.32 | 11.47 | 7.10 | 5.06 | 5.23 | 6.77 | 8.71 | 12.78 | 10.05 | 11.92 | 11.65 |
Last Updated: August 1, 2025, 10:35 am
Below is a detailed analysis of the quarterly data for Tech Mahindra Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 13,351.00 Cr.. The value appears to be declining and may need further review. It has decreased from 13,384.00 Cr. (Mar 2025) to 13,351.00 Cr., marking a decrease of 33.00 Cr..
- For Expenses, as of Jun 2025, the value is 11,416.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 11,545.00 Cr. (Mar 2025) to 11,416.00 Cr., marking a decrease of 129.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 1,935.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,839.00 Cr. (Mar 2025) to 1,935.00 Cr., marking an increase of 96.00 Cr..
- For OPM %, as of Jun 2025, the value is 14.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 14.00%.
- For Other Income, as of Jun 2025, the value is 219.00 Cr.. The value appears strong and on an upward trend. It has increased from 173.00 Cr. (Mar 2025) to 219.00 Cr., marking an increase of 46.00 Cr..
- For Interest, as of Jun 2025, the value is 78.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 85.00 Cr. (Mar 2025) to 78.00 Cr., marking a decrease of 7.00 Cr..
- For Depreciation, as of Jun 2025, the value is 458.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 462.00 Cr. (Mar 2025) to 458.00 Cr., marking a decrease of 4.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 1,618.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,464.00 Cr. (Mar 2025) to 1,618.00 Cr., marking an increase of 154.00 Cr..
- For Tax %, as of Jun 2025, the value is 30.00%. The value appears to be increasing, which may not be favorable. It has increased from 22.00% (Mar 2025) to 30.00%, marking an increase of 8.00%.
- For Net Profit, as of Jun 2025, the value is 1,129.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,142.00 Cr. (Mar 2025) to 1,129.00 Cr., marking a decrease of 13.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 11.65. The value appears to be declining and may need further review. It has decreased from 11.92 (Mar 2025) to 11.65, marking a decrease of 0.27.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 4:18 am
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 18,802 | 22,621 | 26,494 | 29,141 | 30,773 | 34,742 | 36,868 | 37,855 | 44,646 | 53,290 | 51,996 | 52,988 | 54,016 |
| Expenses | 14,630 | 18,428 | 22,234 | 24,956 | 26,063 | 28,471 | 31,365 | 31,059 | 36,626 | 45,527 | 47,489 | 46,024 | 46,267 |
| Operating Profit | 4,172 | 4,193 | 4,260 | 4,184 | 4,710 | 6,271 | 5,503 | 6,796 | 8,020 | 7,763 | 4,506 | 6,964 | 7,748 |
| OPM % | 22% | 19% | 16% | 14% | 15% | 18% | 15% | 18% | 18% | 15% | 9% | 13% | 14% |
| Other Income | 244 | 106 | 453 | 775 | 1,417 | 534 | 1,192 | 788 | 1,115 | 965 | 927 | 864 | 455 |
| Interest | 80 | 69 | 97 | 129 | 162 | 133 | 192 | 174 | 163 | 326 | 392 | 322 | 316 |
| Depreciation | 522 | 611 | 759 | 978 | 1,085 | 1,129 | 1,446 | 1,458 | 1,520 | 1,957 | 1,817 | 1,853 | 1,848 |
| Profit before tax | 3,815 | 3,618 | 3,857 | 3,853 | 4,879 | 5,543 | 5,058 | 5,953 | 7,452 | 6,446 | 3,224 | 5,653 | 6,039 |
| Tax % | 20% | 27% | 22% | 26% | 22% | 23% | 23% | 27% | 24% | 25% | 26% | 25% | |
| Net Profit | 3,062 | 2,659 | 3,027 | 2,851 | 3,786 | 4,289 | 3,897 | 4,353 | 5,630 | 4,857 | 2,397 | 4,253 | 4,461 |
| EPS in Rs | 32.44 | 27.35 | 30.92 | 28.88 | 38.78 | 43.70 | 41.76 | 45.73 | 57.27 | 49.60 | 24.14 | 43.43 | 45.81 |
| Dividend Payout % | 15% | 22% | 35% | 28% | 33% | 29% | 32% | 89% | 47% | 91% | 150% | 94% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -13.16% | 13.84% | -5.81% | 32.80% | 13.29% | -9.14% | 11.70% | 29.34% | -13.73% | -50.65% | 77.43% |
| Change in YoY Net Profit Growth (%) | 0.00% | 27.00% | -19.65% | 38.61% | -19.51% | -22.43% | 20.84% | 17.63% | -43.07% | -36.92% | 128.08% |
Tech Mahindra Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 8% |
| 3 Years: | 6% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 0% |
| 3 Years: | -11% |
| TTM: | 80% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 15% |
| 3 Years: | 12% |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 16% |
| 3 Years: | 14% |
| Last Year: | 15% |
Last Updated: September 5, 2025, 1:41 pm
Balance Sheet
Last Updated: July 25, 2025, 2:14 pm
| Month | 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 | 436 | 439 | 442 | 444 | 436 | 437 | 439 | 440 | 441 | 442 |
| Reserves | 8,948 | 11,768 | 14,155 | 15,998 | 18,401 | 19,841 | 21,377 | 24,428 | 26,447 | 27,484 | 26,228 | 26,919 |
| Borrowings | 363 | 700 | 1,091 | 1,366 | 2,397 | 1,996 | 3,670 | 2,901 | 2,618 | 2,740 | 2,537 | 2,025 |
| Other Liabilities | 6,394 | 6,899 | 6,843 | 8,254 | 9,192 | 11,166 | 11,834 | 11,836 | 14,911 | 15,162 | 13,943 | 14,880 |
| Total Liabilities | 15,940 | 19,848 | 22,525 | 26,057 | 30,431 | 33,446 | 37,318 | 39,602 | 44,416 | 45,827 | 43,149 | 44,267 |
| Fixed Assets | 2,594 | 4,033 | 4,309 | 6,460 | 7,622 | 7,061 | 8,872 | 9,018 | 14,784 | 14,932 | 13,903 | 13,982 |
| CWIP | 266 | 568 | 629 | 373 | 240 | 276 | 50 | 118 | 165 | 120 | 133 | 21 |
| Investments | 1,472 | 2,103 | 1,297 | 2,396 | 4,841 | 7,342 | 5,848 | 10,238 | 4,884 | 3,388 | 3,238 | 3,182 |
| Other Assets | 11,607 | 13,145 | 16,289 | 16,828 | 17,728 | 18,766 | 22,548 | 20,228 | 24,583 | 27,388 | 25,875 | 27,082 |
| Total Assets | 15,940 | 19,848 | 22,525 | 26,057 | 30,431 | 33,446 | 37,318 | 39,602 | 44,416 | 45,827 | 43,149 | 44,267 |
Below is a detailed analysis of the balance sheet data for Tech Mahindra Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 442.00 Cr.. The value appears strong and on an upward trend. It has increased from 441.00 Cr. (Mar 2024) to 442.00 Cr., marking an increase of 1.00 Cr..
- For Reserves, as of Mar 2025, the value is 26,919.00 Cr.. The value appears strong and on an upward trend. It has increased from 26,228.00 Cr. (Mar 2024) to 26,919.00 Cr., marking an increase of 691.00 Cr..
- For Borrowings, as of Mar 2025, the value is 2,025.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 2,537.00 Cr. (Mar 2024) to 2,025.00 Cr., marking a decrease of 512.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 14,880.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 13,943.00 Cr. (Mar 2024) to 14,880.00 Cr., marking an increase of 937.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 44,267.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 43,149.00 Cr. (Mar 2024) to 44,267.00 Cr., marking an increase of 1,118.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 13,982.00 Cr.. The value appears strong and on an upward trend. It has increased from 13,903.00 Cr. (Mar 2024) to 13,982.00 Cr., marking an increase of 79.00 Cr..
- For CWIP, as of Mar 2025, the value is 21.00 Cr.. The value appears to be declining and may need further review. It has decreased from 133.00 Cr. (Mar 2024) to 21.00 Cr., marking a decrease of 112.00 Cr..
- For Investments, as of Mar 2025, the value is 3,182.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3,238.00 Cr. (Mar 2024) to 3,182.00 Cr., marking a decrease of 56.00 Cr..
- For Other Assets, as of Mar 2025, the value is 27,082.00 Cr.. The value appears strong and on an upward trend. It has increased from 25,875.00 Cr. (Mar 2024) to 27,082.00 Cr., marking an increase of 1,207.00 Cr..
- For Total Assets, as of Mar 2025, the value is 44,267.00 Cr.. The value appears strong and on an upward trend. It has increased from 43,149.00 Cr. (Mar 2024) to 44,267.00 Cr., marking an increase of 1,118.00 Cr..
Notably, the Reserves (26,919.00 Cr.) exceed the Borrowings (2,025.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -359.00 | -696.00 | 3.00 | 3.00 | 2.00 | 5.00 | 2.00 | 4.00 | 6.00 | 5.00 | 2.00 | 4.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | 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 | 84 | 84 | 80 | 67 | 77 | 73 | 75 | 87 | 98 | 88 | 80 | 80 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 84 | 84 | 80 | 67 | 77 | 73 | 75 | 87 | 98 | 88 | 80 | 80 |
| Working Capital Days | 47 | 54 | 58 | 57 | 42 | 24 | 35 | 24 | 29 | 28 | 23 | 25 |
| ROCE % | 45% | 32% | 27% | 23% | 24% | 25% | 22% | 23% | 26% | 22% | 12% | 19% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| SBI Nifty 50 ETF | 11,494,635 | 0.84 | 1462.86 | 11,494,635 | 2025-04-22 17:25:18 | 0% |
| SBI S&P BSE Sensex ETF | 8,141,214 | 0.96 | 1036.05 | 8,141,214 | 2025-04-22 17:25:18 | 0% |
| ICICI Prudential Bluechip Fund | 6,467,088 | 1.72 | 823.03 | 6,467,088 | 2025-04-22 17:25:18 | 0% |
| Tata Digital India Fund | 6,170,933 | 8.47 | 785.34 | 6,170,933 | 2025-04-22 17:25:18 | 0% |
| ICICI Prudential Technology Fund | 5,966,603 | 6.4 | 759.34 | 5,966,603 | 2025-04-22 17:25:18 | 0% |
| HDFC Flexi Cap Fund - Regular Plan | 4,700,000 | 1.3 | 598.15 | 4,700,000 | 2025-04-22 17:25:18 | 0% |
| SBI Balanced Advantage Fund | 4,496,087 | 2.16 | 572.19 | 4,496,087 | 2025-04-22 17:25:18 | 0% |
| SBI Long Term Equity Fund | 3,180,741 | 2.16 | 404.8 | 3,180,741 | 2025-04-22 17:25:18 | 0% |
| UTI Nifty 50 ETF | 3,170,409 | 0.84 | 403.48 | 3,170,409 | 2025-04-22 17:25:18 | 0% |
| UTI S&P BSE Sensex ETF | 2,775,413 | 0.96 | 353.2 | 2,775,413 | 2025-04-22 05:07:38 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Basic EPS (Rs.) | 48.00 | 26.66 | 54.76 | 63.32 | 50.64 |
| Diluted EPS (Rs.) | 47.91 | 26.58 | 54.76 | 62.81 | 50.19 |
| Cash EPS (Rs.) | 68.91 | 47.63 | 80.45 | 81.45 | 66.47 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 309.24 | 307.56 | 322.65 | 311.99 | 288.78 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 309.24 | 307.56 | 322.65 | 311.99 | 288.78 |
| Revenue From Operations / Share (Rs.) | 598.87 | 589.12 | 605.57 | 508.73 | 433.12 |
| PBDIT / Share (Rs.) | 88.37 | 61.45 | 102.20 | 104.06 | 86.77 |
| PBIT / Share (Rs.) | 67.43 | 40.86 | 77.27 | 86.73 | 70.09 |
| PBT / Share (Rs.) | 63.80 | 36.41 | 73.57 | 84.88 | 68.10 |
| Net Profit / Share (Rs.) | 47.97 | 27.04 | 55.52 | 64.12 | 49.79 |
| NP After MI And SOA / Share (Rs.) | 48.05 | 26.71 | 54.90 | 63.42 | 50.66 |
| PBDIT Margin (%) | 14.75 | 10.43 | 16.87 | 20.45 | 20.03 |
| PBIT Margin (%) | 11.25 | 6.93 | 12.76 | 17.04 | 16.18 |
| PBT Margin (%) | 10.65 | 6.18 | 12.14 | 16.68 | 15.72 |
| Net Profit Margin (%) | 8.01 | 4.58 | 9.16 | 12.60 | 11.49 |
| NP After MI And SOA Margin (%) | 8.02 | 4.53 | 9.06 | 12.46 | 11.69 |
| Return on Networth / Equity (%) | 15.53 | 8.84 | 17.30 | 20.70 | 17.81 |
| Return on Capital Employeed (%) | 18.74 | 11.70 | 21.51 | 23.51 | 20.83 |
| Return On Assets (%) | 9.55 | 5.42 | 10.46 | 12.40 | 11.15 |
| Long Term Debt / Equity (X) | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Total Debt / Equity (X) | 0.01 | 0.05 | 0.05 | 0.05 | 0.06 |
| Asset Turnover Ratio (%) | 1.21 | 1.16 | 1.17 | 0.92 | 0.83 |
| Current Ratio (X) | 1.87 | 1.86 | 1.68 | 1.96 | 2.46 |
| Quick Ratio (X) | 1.87 | 1.85 | 1.68 | 1.95 | 2.45 |
| Dividend Payout Ratio (NP) (%) | 90.36 | 166.12 | 88.24 | 71.52 | 39.72 |
| Dividend Payout Ratio (CP) (%) | 62.93 | 93.82 | 60.68 | 56.18 | 29.88 |
| Earning Retention Ratio (%) | 9.64 | -66.12 | 11.76 | 28.48 | 60.28 |
| Cash Earning Retention Ratio (%) | 37.07 | 6.18 | 39.32 | 43.82 | 70.12 |
| Interest Coverage Ratio (X) | 24.31 | 13.83 | 27.62 | 56.16 | 43.58 |
| Interest Coverage Ratio (Post Tax) (X) | 14.19 | 7.08 | 16.01 | 35.61 | 26.01 |
| Enterprise Value (Cr.) | 121824.04 | 107633.20 | 94756.50 | 129681.17 | 85841.35 |
| EV / Net Operating Revenue (X) | 2.30 | 2.07 | 1.78 | 2.90 | 2.27 |
| EV / EBITDA (X) | 15.58 | 19.85 | 10.54 | 14.20 | 11.32 |
| MarketCap / Net Operating Revenue (X) | 2.37 | 2.12 | 1.82 | 2.95 | 2.29 |
| Retention Ratios (%) | 9.63 | -66.12 | 11.75 | 28.47 | 60.27 |
| Price / BV (X) | 4.59 | 4.14 | 3.47 | 4.89 | 3.48 |
| Price / Net Operating Revenue (X) | 2.37 | 2.12 | 1.82 | 2.95 | 2.29 |
| EarningsYield | 0.03 | 0.02 | 0.04 | 0.04 | 0.05 |
After reviewing the key financial ratios for Tech Mahindra Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 5.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 48.00. This value is within the healthy range. It has increased from 26.66 (Mar 24) to 48.00, marking an increase of 21.34.
- For Diluted EPS (Rs.), as of Mar 25, the value is 47.91. This value is within the healthy range. It has increased from 26.58 (Mar 24) to 47.91, marking an increase of 21.33.
- For Cash EPS (Rs.), as of Mar 25, the value is 68.91. This value is within the healthy range. It has increased from 47.63 (Mar 24) to 68.91, marking an increase of 21.28.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 309.24. It has increased from 307.56 (Mar 24) to 309.24, marking an increase of 1.68.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 309.24. It has increased from 307.56 (Mar 24) to 309.24, marking an increase of 1.68.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 598.87. It has increased from 589.12 (Mar 24) to 598.87, marking an increase of 9.75.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 88.37. This value is within the healthy range. It has increased from 61.45 (Mar 24) to 88.37, marking an increase of 26.92.
- For PBIT / Share (Rs.), as of Mar 25, the value is 67.43. This value is within the healthy range. It has increased from 40.86 (Mar 24) to 67.43, marking an increase of 26.57.
- For PBT / Share (Rs.), as of Mar 25, the value is 63.80. This value is within the healthy range. It has increased from 36.41 (Mar 24) to 63.80, marking an increase of 27.39.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 47.97. This value is within the healthy range. It has increased from 27.04 (Mar 24) to 47.97, marking an increase of 20.93.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 48.05. This value is within the healthy range. It has increased from 26.71 (Mar 24) to 48.05, marking an increase of 21.34.
- For PBDIT Margin (%), as of Mar 25, the value is 14.75. This value is within the healthy range. It has increased from 10.43 (Mar 24) to 14.75, marking an increase of 4.32.
- For PBIT Margin (%), as of Mar 25, the value is 11.25. This value is within the healthy range. It has increased from 6.93 (Mar 24) to 11.25, marking an increase of 4.32.
- For PBT Margin (%), as of Mar 25, the value is 10.65. This value is within the healthy range. It has increased from 6.18 (Mar 24) to 10.65, marking an increase of 4.47.
- For Net Profit Margin (%), as of Mar 25, the value is 8.01. This value is within the healthy range. It has increased from 4.58 (Mar 24) to 8.01, marking an increase of 3.43.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 8.02. This value is within the healthy range. It has increased from 4.53 (Mar 24) to 8.02, marking an increase of 3.49.
- For Return on Networth / Equity (%), as of Mar 25, the value is 15.53. This value is within the healthy range. It has increased from 8.84 (Mar 24) to 15.53, marking an increase of 6.69.
- For Return on Capital Employeed (%), as of Mar 25, the value is 18.74. This value is within the healthy range. It has increased from 11.70 (Mar 24) to 18.74, marking an increase of 7.04.
- For Return On Assets (%), as of Mar 25, the value is 9.55. This value is within the healthy range. It has increased from 5.42 (Mar 24) to 9.55, marking an increase of 4.13.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.01. This value is within the healthy range. It has decreased from 0.05 (Mar 24) to 0.01, marking a decrease of 0.04.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.21. It has increased from 1.16 (Mar 24) to 1.21, marking an increase of 0.05.
- For Current Ratio (X), as of Mar 25, the value is 1.87. This value is within the healthy range. It has increased from 1.86 (Mar 24) to 1.87, marking an increase of 0.01.
- For Quick Ratio (X), as of Mar 25, the value is 1.87. This value is within the healthy range. It has increased from 1.85 (Mar 24) to 1.87, marking an increase of 0.02.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 90.36. This value exceeds the healthy maximum of 50. It has decreased from 166.12 (Mar 24) to 90.36, marking a decrease of 75.76.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 62.93. This value exceeds the healthy maximum of 50. It has decreased from 93.82 (Mar 24) to 62.93, marking a decrease of 30.89.
- For Earning Retention Ratio (%), as of Mar 25, the value is 9.64. This value is below the healthy minimum of 40. It has increased from -66.12 (Mar 24) to 9.64, marking an increase of 75.76.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 37.07. This value is below the healthy minimum of 40. It has increased from 6.18 (Mar 24) to 37.07, marking an increase of 30.89.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 24.31. This value is within the healthy range. It has increased from 13.83 (Mar 24) to 24.31, marking an increase of 10.48.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 14.19. This value is within the healthy range. It has increased from 7.08 (Mar 24) to 14.19, marking an increase of 7.11.
- For Enterprise Value (Cr.), as of Mar 25, the value is 121,824.04. It has increased from 107,633.20 (Mar 24) to 121,824.04, marking an increase of 14,190.84.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.30. This value is within the healthy range. It has increased from 2.07 (Mar 24) to 2.30, marking an increase of 0.23.
- For EV / EBITDA (X), as of Mar 25, the value is 15.58. This value exceeds the healthy maximum of 15. It has decreased from 19.85 (Mar 24) to 15.58, marking a decrease of 4.27.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.37. This value is within the healthy range. It has increased from 2.12 (Mar 24) to 2.37, marking an increase of 0.25.
- For Retention Ratios (%), as of Mar 25, the value is 9.63. This value is below the healthy minimum of 30. It has increased from -66.12 (Mar 24) to 9.63, marking an increase of 75.75.
- For Price / BV (X), as of Mar 25, the value is 4.59. This value exceeds the healthy maximum of 3. It has increased from 4.14 (Mar 24) to 4.59, marking an increase of 0.45.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.37. This value is within the healthy range. It has increased from 2.12 (Mar 24) to 2.37, marking an increase of 0.25.
- For EarningsYield, as of Mar 25, the value is 0.03. This value is below the healthy minimum of 5. It has increased from 0.02 (Mar 24) to 0.03, marking an increase of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Tech Mahindra Ltd:
- Net Profit Margin: 8.01%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 18.74% (Industry Average ROCE: 14.77%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 15.53% (Industry Average ROE: 19.93%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 14.19
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.87
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 32 (Industry average Stock P/E: 109.87)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.01
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 8.01%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| IT Consulting & Software | Gateway Building, Apollo Bunder, Mumbai Maharashtra 400001 | investor.relations@techmahindra.com http://www.techmahindra.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Anand G Mahindra | Chairman |
| Mr. Mohit Joshi | Managing Director & CEO |
| Dr. Anish Shah | Non Executive Director |
| Mr. Puneet Renjhen | Non Executive Director |
| Ms. Penelope Fowler | Independent Director |
| Mr. Haigreve Khaitan | Independent Director |
| Dr. Mukti Khaire | Independent Director |
| Ms. Shikha Sharma | Independent Director |
| Mr. Neelam Dhawan | Independent Director |
| Mr. Tarun Bajaj | Independent Director |
FAQ
What is the intrinsic value of Tech Mahindra Ltd?
Tech Mahindra Ltd's intrinsic value (as of 16 October 2025) is 1082.51 which is 26.06% lower the current market price of 1,464.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,43,367 Cr. market cap, FY2025-2026 high/low of 1,808/1,209, reserves of ₹26,919 Cr, and liabilities of 44,267 Cr.
What is the Market Cap of Tech Mahindra Ltd?
The Market Cap of Tech Mahindra Ltd is 1,43,367 Cr..
What is the current Stock Price of Tech Mahindra Ltd as on 16 October 2025?
The current stock price of Tech Mahindra Ltd as on 16 October 2025 is 1,464.
What is the High / Low of Tech Mahindra Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Tech Mahindra Ltd stocks is 1,808/1,209.
What is the Stock P/E of Tech Mahindra Ltd?
The Stock P/E of Tech Mahindra Ltd is 32.0.
What is the Book Value of Tech Mahindra Ltd?
The Book Value of Tech Mahindra Ltd is 281.
What is the Dividend Yield of Tech Mahindra Ltd?
The Dividend Yield of Tech Mahindra Ltd is 3.07 %.
What is the ROCE of Tech Mahindra Ltd?
The ROCE of Tech Mahindra Ltd is 18.6 %.
What is the ROE of Tech Mahindra Ltd?
The ROE of Tech Mahindra Ltd is 14.6 %.
What is the Face Value of Tech Mahindra Ltd?
The Face Value of Tech Mahindra Ltd is 5.00.