Tech Mahindra Ltd

NSE: TECHM BSE: 532755

₹1775

-14.10 (0.79%)

Fri, 06 Nov 2026, 02:06 pm

MTF 5xInvest in Tech Mahindra Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)175260.67

PE Ratio28.53

Dividend2.85

Technology Services

Information Technology Services

24.5K

Tech Mahindra Financials

Income Statement Balance Sheet Cashflow

Particulars	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total revenue	12.43B	29.29B	37.66B	44.65B	46.25B	51.40B	54.90B	68.73B	188.02B	225.82B	264.94B	291.41B	307.73B	347.42B	368.68B	378.55B	446.46B	532.90B	519.96B	529.88B
Gross profit	2.61B	14.52B	16.95B	20.29B	18.78B	19.61B	17.69B	22.04B	59.22B	61.52B	66.17B	67.22B	71.65B	93.22B	82.68B	86.45B	98.19B	103.02B	84.16B	94.96B
Operating expenses (excl. COGS)	-202.51M	-7.71B	-9.56B	-8.56B	-8.72B	-11.17B	-10.04B	-9.72B	-22.48B	-26.10B	-30.54B	-34.17B	-34.22B	-40.02B	-38.32B	-29.91B	-31.90B	-40.99B	-51.44B	-42.03B
Selling/general/admin expenses, total	—	-7.62B	-9.45B	-8.37B	-8.63B	-11.09B	-9.43B	-9.52B	-21.75B	-25.42B	-27.38B	-32.97B	-33.41B	-39.13B	-37.01B	-29.82B	-30.87B	-40.16B	-42.56B	-40.52B
Research & development	—	—	—	—	—	—	—	—	—	—	—	-78.43M	-440.00M	-311.00M	-221.00M	-100.82M	-281.84M	-181.57M	-251.00M	-197.00M
Selling/general/admin expenses, other	—	-7.62B	-9.45B	-8.37B	-8.63B	-11.09B	-9.43B	-9.52B	-21.75B	-25.42B	-27.38B	-32.97B	-32.97B	-38.82B	-36.78B	-29.72B	-30.59B	-39.98B	-42.31B	-40.33B
Other operating expenses, total	-202.51M	-80.00M	-114.00M	-188.00M	-89.00M	-83.00M	-613.00M	-203.00M	-727.00M	-685.00M	-3.17B	-1.20B	-813.00M	-889.00M	-1.31B	-90.00M	-1.03B	-828.00M	-8.88B	-1.51B
Operating income	2.41B	6.81B	7.39B	11.72B	10.06B	8.69B	7.65B	12.32B	36.75B	35.42B	35.63B	33.06B	37.42B	53.20B	44.36B	56.53B	66.30B	62.03B	32.72B	52.93B
Non-operating income, total	175.67M	-3.06M	978.00M	-480.00M	-1.59B	87.00M	-792.00M	-1.86B	1.49B	757.00M	3.15B	5.47B	11.36B	2.23B	6.27B	2.98B	8.20B	2.71B	-576.00M	3.52B
Interest expense, net of interest capitalized	0	-61.00M	-62.00M	-25.00M	-2.18B	-999.00M	-1.03B	-1.03B	-675.00M	-299.00M	-546.00M	-1.29B	-1.62B	-1.33B	-1.92B	-1.74B	-1.63B	-3.26B	-3.92B	-3.22B
Interest capitalized	0	0	0	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non-operating income, excl. interest expenses	176.31M	58.00M	1.04B	-454.00M	680.00M	1.09B	913.00M	-826.00M	1.12B	1.04B	3.46B	6.86B	13.17B	2.07B	10.36B	5.23B	9.82B	8.34B	7.93B	7.01B
Non-operating interest income	67.14M	88.00M	46.00M	59.00M	121.00M	90.00M	79.00M	46.00M	2.04B	1.61B	995.00M	1.25B	1.46B	2.08B	2.43B	1.89B	904.00M	1.05B	1.54B	1.97B
Miscellaneous non-operating expense	109.17M	-30.00M	994.00M	-513.00M	559.00M	996.00M	834.00M	-872.00M	-926.00M	-567.00M	2.46B	5.63B	11.72B	650.00M	7.93B	3.35B	8.92B	7.29B	6.39B	5.04B
Unusual income/expense	-640.00K	-60.00K	—	-1.00M	-85.00M	—	-679.00M	—	1.04B	12.00M	243.00M	-99.00M	-185.00M	1.49B	-2.17B	-507.00M	0	-2.37B	-4.58B	-273.00M
Pretax income	2.59B	6.81B	8.37B	11.24B	8.47B	8.77B	6.86B	10.46B	38.15B	36.18B	38.54B	38.53B	48.79B	55.43B	50.63B	59.52B	74.49B	64.75B	32.14B	56.45B
Taxes	-232.21M	-345.00M	-674.00M	-1.10B	-1.44B	-1.32B	-1.44B	-2.35B	-7.52B	-9.60B	-8.30B	-10.02B	-10.93B	-12.54B	-11.60B	-16.00B	-18.22B	-15.88B	-8.28B	-14.00B
Non-controlling/minority interest	-40.00K	-1.00M	5.00M	-1.00M	-27.00M	-20.00M	-36.00M	-196.00M	-336.00M	-310.00M	-337.00M	-380.00M	136.00M	88.00M	1.36B	750.00M	-640.00M	-257.00M	-390.00M	-15.00M
After tax other income/expense	-186.35K	0	0	0	0	0	0	0	0	0	0	—	—	0	0	0	0	0	0	0
Net income before discontinued operations	2.35B	6.46B	7.70B	10.14B	7.00B	9.54B	10.49B	13.56B	30.29B	26.28B	29.93B	28.13B	38.00B	42.98B	40.33B	44.28B	55.66B	48.31B	23.58B	42.52B
Net income	2.35B	6.46B	7.70B	10.14B	7.00B	9.54B	10.49B	13.56B	30.29B	26.28B	29.93B	28.13B	38.00B	42.98B	40.33B	44.28B	55.66B	48.31B	23.58B	42.52B
Dilution adjustment	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred dividends	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Diluted net income available to common stockholders	2.35B	6.46B	7.70B	10.14B	7.00B	9.54B	10.49B	13.56B	30.29B	26.28B	29.93B	28.13B	38.00B	42.98B	40.33B	44.28B	55.66B	48.31B	23.58B	42.52B
Basic earnings per share (Basic EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share (Diluted EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	2.81B	7.33B	8.19B	12.82B	11.40B	9.87B	9.26B	14.32B	41.97B	41.54B	43.13B	42.72B	48.06B	64.30B	58.63B	70.98B	81.41B	81.55B	50.85B	71.44B
EBIT	2.41B	6.81B	7.39B	11.72B	10.06B	8.44B	7.65B	12.32B	36.75B	35.42B	35.63B	33.06B	37.42B	53.20B	44.36B	56.53B	66.30B	62.03B	32.72B	52.93B
Total operating expenses	-10.02B	0	0	0	-36.19B	-42.72B	-47.25B	-56.41B	-151.28B	-190.40B	-229.31B	-258.35B	-270.30B	-294.22B	-324.31B	-322.02B	-380.16B	-470.87B	-487.24B	-476.95B
Prepaid expenses	98.70M	228.00M	447.00M	799.00M	996.00M	1.28B	—	—	2.06B	2.46B	3.79B	4.00B	4.21B	4.05B	5.31B	7.81B	11.75B	10.69B	11.92B	11.49B
Deferred income, current	—	—	—	—	—	63.00M	2.22B	1.82B	2.68B	1.95B	2.54B	5.37B	5.75B	6.13B	6.28B	6.74B	10.68B	11.26B	13.07B	11.82B
Capital and operating lease obligations	0	0	0	0	0	0	0	0	50.00M	112.00M	1.96B	1.71B	1.71B	242.00M	8.54B	8.08B	7.20B	7.90B	6.71B	11.47B
Operating lease liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Deferred tax liabilities	1.44M	1.00M	2.00M	0	—	—	—	—	—	—	—	95.00M	58.00M	11.00M	356.00M	761.00M	4.55B	3.26B	2.75B	2.28B
Deferred income, non-current	—	—	—	—	7.68B	5.90B	1.71B	0	16.00M	24.00M	34.00M	305.00M	333.00M	325.00M	214.00M	964.00M	781.00M	249.00M	253.00M	46.00M
Minority interest	360.00K	116.00M	111.00M	112.00M	139.00M	159.00M	0	1.09B	1.44B	1.60B	1.93B	4.64B	5.09B	4.78B	3.93B	3.79B	4.95B	4.70B	4.77B	4.30B
Change in accrued expenses	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common dividends paid	-141.54M	-1.35B	0	-1.35B	0	-508.00M	-591.00M	-593.00M	-1.36B	-5.50B	-5.55B	-12.39B	-9.44B	-14.91B	-24.92B	-17.59B	-39.81B	-42.63B	-39.17B	-38.77B
Preferred dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Particulars	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total revenue	12.43B	29.29B	37.66B	44.65B	46.25B	51.40B	54.90B	68.73B	188.02B	225.82B	264.94B	291.41B	307.73B	347.42B	368.68B	378.55B	446.46B	532.90B	519.96B	529.88B
Gross profit	2.61B	14.52B	16.95B	20.29B	18.78B	19.61B	17.69B	22.04B	59.22B	61.52B	66.17B	67.22B	71.65B	93.22B	82.68B	86.45B	98.19B	103.02B	84.16B	94.96B
Operating expenses (excl. COGS)	-202.51M	-7.71B	-9.56B	-8.56B	-8.72B	-11.17B	-10.04B	-9.72B	-22.48B	-26.10B	-30.54B	-34.17B	-34.22B	-40.02B	-38.32B	-29.91B	-31.90B	-40.99B	-51.44B	-42.03B
Selling/general/admin expenses, total	—	-7.62B	-9.45B	-8.37B	-8.63B	-11.09B	-9.43B	-9.52B	-21.75B	-25.42B	-27.38B	-32.97B	-33.41B	-39.13B	-37.01B	-29.82B	-30.87B	-40.16B	-42.56B	-40.52B
Research & development	—	—	—	—	—	—	—	—	—	—	—	-78.43M	-440.00M	-311.00M	-221.00M	-100.82M	-281.84M	-181.57M	-251.00M	-197.00M
Selling/general/admin expenses, other	—	-7.62B	-9.45B	-8.37B	-8.63B	-11.09B	-9.43B	-9.52B	-21.75B	-25.42B	-27.38B	-32.97B	-32.97B	-38.82B	-36.78B	-29.72B	-30.59B	-39.98B	-42.31B	-40.33B
Other operating expenses, total	-202.51M	-80.00M	-114.00M	-188.00M	-89.00M	-83.00M	-613.00M	-203.00M	-727.00M	-685.00M	-3.17B	-1.20B	-813.00M	-889.00M	-1.31B	-90.00M	-1.03B	-828.00M	-8.88B	-1.51B
Operating income	2.41B	6.81B	7.39B	11.72B	10.06B	8.69B	7.65B	12.32B	36.75B	35.42B	35.63B	33.06B	37.42B	53.20B	44.36B	56.53B	66.30B	62.03B	32.72B	52.93B
Non-operating income, total	175.67M	-3.06M	978.00M	-480.00M	-1.59B	87.00M	-792.00M	-1.86B	1.49B	757.00M	3.15B	5.47B	11.36B	2.23B	6.27B	2.98B	8.20B	2.71B	-576.00M	3.52B
Interest expense, net of interest capitalized	0	-61.00M	-62.00M	-25.00M	-2.18B	-999.00M	-1.03B	-1.03B	-675.00M	-299.00M	-546.00M	-1.29B	-1.62B	-1.33B	-1.92B	-1.74B	-1.63B	-3.26B	-3.92B	-3.22B
Interest capitalized	0	0	0	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non-operating income, excl. interest expenses	176.31M	58.00M	1.04B	-454.00M	680.00M	1.09B	913.00M	-826.00M	1.12B	1.04B	3.46B	6.86B	13.17B	2.07B	10.36B	5.23B	9.82B	8.34B	7.93B	7.01B
Non-operating interest income	67.14M	88.00M	46.00M	59.00M	121.00M	90.00M	79.00M	46.00M	2.04B	1.61B	995.00M	1.25B	1.46B	2.08B	2.43B	1.89B	904.00M	1.05B	1.54B	1.97B
Miscellaneous non-operating expense	109.17M	-30.00M	994.00M	-513.00M	559.00M	996.00M	834.00M	-872.00M	-926.00M	-567.00M	2.46B	5.63B	11.72B	650.00M	7.93B	3.35B	8.92B	7.29B	6.39B	5.04B
Unusual income/expense	-640.00K	-60.00K	—	-1.00M	-85.00M	—	-679.00M	—	1.04B	12.00M	243.00M	-99.00M	-185.00M	1.49B	-2.17B	-507.00M	0	-2.37B	-4.58B	-273.00M
Pretax income	2.59B	6.81B	8.37B	11.24B	8.47B	8.77B	6.86B	10.46B	38.15B	36.18B	38.54B	38.53B	48.79B	55.43B	50.63B	59.52B	74.49B	64.75B	32.14B	56.45B
Taxes	-232.21M	-345.00M	-674.00M	-1.10B	-1.44B	-1.32B	-1.44B	-2.35B	-7.52B	-9.60B	-8.30B	-10.02B	-10.93B	-12.54B	-11.60B	-16.00B	-18.22B	-15.88B	-8.28B	-14.00B
Non-controlling/minority interest	-40.00K	-1.00M	5.00M	-1.00M	-27.00M	-20.00M	-36.00M	-196.00M	-336.00M	-310.00M	-337.00M	-380.00M	136.00M	88.00M	1.36B	750.00M	-640.00M	-257.00M	-390.00M	-15.00M
After tax other income/expense	-186.35K	0	0	0	0	0	0	0	0	0	0	—	—	0	0	0	0	0	0	0
Net income before discontinued operations	2.35B	6.46B	7.70B	10.14B	7.00B	9.54B	10.49B	13.56B	30.29B	26.28B	29.93B	28.13B	38.00B	42.98B	40.33B	44.28B	55.66B	48.31B	23.58B	42.52B
Net income	2.35B	6.46B	7.70B	10.14B	7.00B	9.54B	10.49B	13.56B	30.29B	26.28B	29.93B	28.13B	38.00B	42.98B	40.33B	44.28B	55.66B	48.31B	23.58B	42.52B
Dilution adjustment	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred dividends	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Diluted net income available to common stockholders	2.35B	6.46B	7.70B	10.14B	7.00B	9.54B	10.49B	13.56B	30.29B	26.28B	29.93B	28.13B	38.00B	42.98B	40.33B	44.28B	55.66B	48.31B	23.58B	42.52B
Basic earnings per share (Basic EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share (Diluted EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	2.81B	7.33B	8.19B	12.82B	11.40B	9.87B	9.26B	14.32B	41.97B	41.54B	43.13B	42.72B	48.06B	64.30B	58.63B	70.98B	81.41B	81.55B	50.85B	71.44B
EBIT	2.41B	6.81B	7.39B	11.72B	10.06B	8.44B	7.65B	12.32B	36.75B	35.42B	35.63B	33.06B	37.42B	53.20B	44.36B	56.53B	66.30B	62.03B	32.72B	52.93B
Total operating expenses	-10.02B	0	0	0	-36.19B	-42.72B	-47.25B	-56.41B	-151.28B	-190.40B	-229.31B	-258.35B	-270.30B	-294.22B	-324.31B	-322.02B	-380.16B	-470.87B	-487.24B	-476.95B
Prepaid expenses	98.70M	228.00M	447.00M	799.00M	996.00M	1.28B	—	—	2.06B	2.46B	3.79B	4.00B	4.21B	4.05B	5.31B	7.81B	11.75B	10.69B	11.92B	11.49B
Deferred income, current	—	—	—	—	—	63.00M	2.22B	1.82B	2.68B	1.95B	2.54B	5.37B	5.75B	6.13B	6.28B	6.74B	10.68B	11.26B	13.07B	11.82B
Capital and operating lease obligations	0	0	0	0	0	0	0	0	50.00M	112.00M	1.96B	1.71B	1.71B	242.00M	8.54B	8.08B	7.20B	7.90B	6.71B	11.47B
Operating lease liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Deferred tax liabilities	1.44M	1.00M	2.00M	0	—	—	—	—	—	—	—	95.00M	58.00M	11.00M	356.00M	761.00M	4.55B	3.26B	2.75B	2.28B
Deferred income, non-current	—	—	—	—	7.68B	5.90B	1.71B	0	16.00M	24.00M	34.00M	305.00M	333.00M	325.00M	214.00M	964.00M	781.00M	249.00M	253.00M	46.00M
Minority interest	360.00K	116.00M	111.00M	112.00M	139.00M	159.00M	0	1.09B	1.44B	1.60B	1.93B	4.64B	5.09B	4.78B	3.93B	3.79B	4.95B	4.70B	4.77B	4.30B
Change in accrued expenses	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common dividends paid	-141.54M	-1.35B	0	-1.35B	0	-508.00M	-591.00M	-593.00M	-1.36B	-5.50B	-5.55B	-12.39B	-9.44B	-14.91B	-24.92B	-17.59B	-39.81B	-42.63B	-39.17B	-38.77B
Preferred dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0