Search & Analyze

Tech Mahindra Ltd.

ITIT - Software

www.techmahindra.com BSE: 532755NSE: TECHM

₹1,789.40BSE1.95%

23 Oct, 4:01 PM

₹1,789.40

₹1.75L Cr

31.74

5.90

17.00%

₹1,845.95

₹1,780.00

₹1,850.00

₹1,304.25

Customise metrics bar

Tech Mahindra Ltd. (TECHM) share price closed at ₹1,789.40 on the BSE on Friday, October 23, 2026, down by 1.95% from its of ₹1,825.00. In that session TECHM reached a of 1,845.95 and of 1,780.00. The for the session was 1,804.77. The stands at 1,590.01 and is at 1,521.40. Looking at , the stock ended the session in Downtrend.

Stock Overview

Symbol

TECHM

₹1,833.30

₹1,825.00

₹1,804.77

₹1,590.01

Price 12.54% above

₹1,521.40

Price 17.62% above

14.25% of range

₹1,780.00₹1,845.95

88.90% of range

₹1,304.25₹1,850.00

Price Performance

Peer Comparison

Name
TCS LTD. TCS	2,528.00	17.72	9,14,652.52	4.35	13,934.00	14.86%	73,188.00	11.23%	66.25
INFOSYS LTD INFY	1,154.50	15.24	4,68,528.03	4.16	7,838.00	6.28%	49,244.00	10.69%	42.84
HCL TECHNO HCLTECH	1,424.00	21.09	3,86,425.91	3.79	5,132.00	21.15%	35,620.00	11.51%	31.20
WIPRO LTD. WIPRO	189.75	14.27	1,87,949.57	5.80	3,199.70	-1.92%	24,752.70	9.06%	18.49
Tech Mahindra Ltd. TECHM	1,789.40	31.74	1,75,397.89	2.85	1,609.70	33.95%	16,180.20	15.61%	23.04
LTM LTM	4,136.90	23.48	1,22,717.55	1.81	1,379.90	-0.09%	11,807.60	13.60%	30.25
PERSISTENT PERSISTENT	5,700.50	49.99	90,153.41	0.70	351.51	-25.44%	4,663.90	30.25%	35.09
COFORGE COFORGE	1,900.00	42.75	84,177.34	0.83	604.90	42.20%	6,170.80	53.64%	24.70

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	13,005.50	13,313.20	13,285.60	13,384.00	13,351.20	13,994.90	14,393.20	15,076.10	15,711.90	16,180.20
Expenses	11,441.00	11,563.00	11,476.60	11,543.90	11,416.00	11,826.90	12,027.60	12,510.80	12,969.40	13,301.70
	1,564.50	1,750.20	1,809.00	1,840.10	1,935.20	2,168.00	2,365.60	2,565.30	2,742.50	2,878.50
	12.03%	13.15%	13.62%	13.75%	14.49%	15.49%	16.44%	17.02%	17.45%	17.79%
	144.70	521.50	16.50	172.70	218.30	40.00	-294.10	-204.70	-106.40	-7.40
Interest	71.50	89.00	75.90	85.30	77.80	77.20	93.60	88.80	111.30	83.60
	462.20	469.80	458.80	462.10	458.10	468.70	473.70	481.10	478.60	491.40
	1,178.10	1,713.50	1,297.40	1,464.20	1,618.10	1,659.30	1,505.10	1,790.60	2,041.90	2,296.10
	26.59%	26.61%	23.79%	22.01%	30.24%	27.58%	25.68%	24.25%	27.21%	29.89%
	851.50	1,250.10	983.20	1,166.70	1,140.60	1,194.50	1,122.00	1,353.80	1,465.10	1,585.60
	9.63	14.14	11.11	13.19	12.89	13.49	12.67	15.29	16.54	17.90

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	44,646.00	53,290.20	51,995.50	52,988.30	56,815.40
Operating Income (Net)	44,646.00	53,290.20	51,995.50	52,988.30	56,815.40
EXPENDITURE :
Power & Fuel Cost	139.90	175.30	194.70	192.20	205.70
Employee Cost	22,285.90	27,691.80	29,128.30	29,623.80	30,478.80
Cost of Software developments	10,439.00	12,665.40	11,820.80	11,139.50	12,500.10
Operating Expenses	995.80	1,165.90	1,159.60	1,250.40	1,069.60
General and Administration Expenses	2,240.20	2,577.90	2,786.70	2,759.90	2,759.60
Selling and Marketing Expenses	196.90	230.70	287.60	312.40	320.70
Miscellaneous Expenses	358.00	991.40	2,153.60	1,042.30	1,237.10
	36,655.70	45,498.40	47,531.30	46,320.50	48,571.60
Operating Profit (Excl OI)	7,990.30	7,791.80	4,464.20	6,667.80	8,243.80
	1,142.00	965.00	959.00	1,151.40	822.20
	9,132.30	8,756.80	5,423.20	7,819.20	9,066.00
Interest	162.60	325.60	392.20	321.70	337.40
PBDT	8,969.70	8,431.20	5,031.00	7,497.50	8,728.60
	1,520.40	1,956.70	1,817.10	1,852.90	1,881.60
Profit Before Taxation & Exceptional Items	7,449.30	6,474.50	3,213.90	5,644.60	6,847.00
Exceptional Income / Expenses					-272.40
	7,452.10	6,445.50	3,224.40	5,653.20	6,573.10
Provision for Tax	1,822.00	1,588.50	827.60	1,400.20	1,767.60
	5,630.10	4,857.00	2,396.80	4,253.00	4,805.50
Extra items				0.00	0.00
Minority Interest	-64.00	-25.70	-39.00	-1.50	5.40
Consolidated Net Profit	5,566.10	4,831.30	2,357.80	4,251.50	4,810.90
Profit Balance B/F	20,287.00	22,520.40	23,860.40	22,768.10	23,105.10
Appropriations	25,853.10	27,351.70	26,218.20	27,019.60	27,916.00
Equity Dividend %	900.00%	1,000.00%	800.00%	900.00%	1,020.00%
	63.42	54.90	26.71	48.05	54.32
Adjusted EPS	63.42	54.90	26.71	48.05	54.32

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	438.80	440.00	441.30	442.40	442.80
Share Warrants & Outstandings	1,639.20	1,614.50	1,534.90	1,448.10	1,462.30
Total Reserves	26,038.10	27,100.40	25,923.60	26,701.40	28,940.70
Reserve excluding Revaluation Reserve	26,038.10	27,100.40	25,923.60	26,701.40	28,940.70
Revaluation reserve			0.00
	28,116.10	29,154.90	27,899.80	28,591.90	30,845.80
Minority Interest	495.40	470.20	477.40	430.20	461.60
Secured Loans	0.50	0.50
Unsecured Loans	141.50	128.30	102.50
Deferred Tax Assets / Liabilities	-363.90	-970.40	-1,165.10	-1,629.40	-1,984.70
Other Long Term Liabilities	2,276.10	1,823.50	750.70	1,167.80	1,646.90
Long Term Provisions	881.10	928.80	1,302.10	1,402.70	1,715.90
Total Non-Current Liabilities	2,935.30	1,910.70	990.20	941.10	1,378.10
Trade Payables	4,094.70	4,384.60	3,785.30	4,410.80	5,040.00
Other Current Liabilities	5,346.30	5,407.60	5,046.60	4,857.10	6,032.80
Short Term Borrowings	1,348.10	1,357.00	1,358.10	358.10	69.40
Short Term Provisions	1,715.70	2,171.80	2,426.60	3,048.00	3,355.30
Total Current Liabilities	12,504.80	13,321.00	12,616.60	12,674.00	14,497.50
Total Liabilities	44,051.60	44,856.80	41,984.00	42,637.20	47,183.00
Gross Block	25,777.20	27,891.00	28,133.00	29,033.90	31,646.20
Less: Accumulated Depreciation	11,073.30	13,034.30	14,301.30	15,086.40	16,814.50
Net Block	14,703.90	14,856.70	13,831.70	13,947.50	14,831.70
Capital Work in Progress	165.10	83.60	101.10	20.60	26.80
Non Current Investments	447.90	604.90	458.30	289.30	90.20
Long Term Investment	447.90	604.90	458.30	289.30	90.20
Long Term Loans & Advances	2,946.80	3,534.70	3,389.60	3,413.20	3,389.90
Other Non Current Assets	1,252.50	1,233.30	674.60	1,253.40	1,237.40
Total Non-Current Assets	19,595.90	20,424.10	18,558.70	18,958.00	19,608.30
Currents Investments	4,435.90	2,783.20	2,779.40	2,892.80	3,335.50
Inventories	40.50	23.60	37.50	39.40	104.20
Sundry Debtors	11,933.40	12,881.60	11,401.10	11,547.00	13,357.70
Cash and Bank	3,974.50	4,254.70	4,735.50	4,542.20	5,105.40
Other Current Assets	2,212.10	1,951.80	2,032.70	2,192.60	2,908.50
Short Term Loans and Advances	1,859.30	2,537.80	2,439.10	2,465.20	2,763.40
Total Current Assets	24,455.70	24,432.70	23,425.30	23,679.20	27,574.70
Net Current Assets (Including Current Investments)	11,950.90	11,111.70	10,808.70	11,005.20	13,077.20
Total Assets	44,051.60	44,856.80	41,984.00	42,637.20	47,183.00
Contingent Liabilities	9,852.40	10,076.80	10,410.30	7,315.20	6,080.20
Total Debt	1,581.70	1,578.20	1,531.00	471.40	69.60
	301.70	312.96	298.72	306.78	331.79
Adjusted Book Value	301.70	312.96	298.72	306.78	331.79

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	7,452.10	6,445.50	3,224.40	5,653.20	6,573.10
Adjustment	1,581.20	2,964.70	2,430.00	1,873.10	2,736.30
Changes In working Capital	-1,434.30	-1,845.10	1,969.00	-266.20	-1,487.20
Cash Flow after changes in Working Capital	7,599.00	7,565.10	7,623.40	7,260.10	7,822.20
Cash Flow from Operating Activities	5,285.30	5,572.00	6,376.40	5,785.70	6,172.00
Cash Flow from Investing Activities	481.50	-278.50	-1,313.70	-23.20	-409.20
Cash Flow from Financing Activitie	-4,666.60	-5,078.10	-4,767.20	-5,799.20	-5,130.50
Net Cash Inflow / Outflow	1,100.20	215.40	295.50	-36.70	632.30
Opening Cash & Cash Equivalents	2,690.40	3,788.90	4,056.30	4,347.10	4,318.50
Effect of Foreign Exchange Fluctuations	-1.70	52.00	-4.70	8.10	95.30
Closing Cash & Cash Equivalent	3,788.90	4,056.30	4,347.10	4,318.50	5,046.10

Ratios

Valuation

31.74

5.90

16.71

2.86

56.38

303.20

Profitability

17.00

23.04

10.70

14.51

8.46

Leverage & Liquidity

0.00

1.90

20.48

Returns

2.85

1.27

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	35.05	35.03	35.01	35.01	35.00	34.98	34.98	34.97	34.97	34.96
	54.11	54.74	55.01	55.23	55.58	55.40	55.89	56.08	55.74	56.61
	10.85	10.24	9.99	9.77	9.43	9.61	9.14	8.95	9.30	8.43
	64.95	64.97	64.99	64.99	65.00	65.02	65.02	65.03	65.03	65.04
No. of Shareholders	8,26,284	7,74,997	7,61,383	7,61,701	7,48,176	7,66,782	7,39,883	7,38,055	7,44,161	7,18,233

Mutual Funds Invested(453)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 283 active funds hold 13.82% in Tech Mahindra Ltd., contributing to ₹20.64K Cr of holdings

Fund				As of
SB SBI Nifty 50 ETFIndex	1,877.60	0.92	1,23,20,239	Sep '26
SB SBI BSE Sensex ETFIndex	1,312.15	1.14	85,60,194	Sep '26
IP ICICI Prudential Technology Fund - Growth - Direct PlanTechnology	1,048.44	8.38	68,79,513	Sep '26
SB SBI Large Cap Fund - Growth - Direct PlanLarge Cap Fund	990.60	1.89	65,00,000	Sep '26
SB SBI Balanced Advantage Fund - Growth - Direct PlanHybrid - Balanced Advantage	835.56	2.06	54,82,687	Sep '26
SB SBI Contra Fund - Growth - Direct PlanEquity - Contra Fund	807.06	1.79	52,95,681	Sep '26
TA Tata Digital India Fund - Growth - Direct PlanTechnology	771.53	8.32	50,62,533	Sep '26
KO Kotak Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	716.28	1.35	47,00,000	Sep '26
UT UTI Nifty 50 ETFIndex	643.92	0.92	42,25,167	Sep '26
IP ICICI Prudential Large Cap Fund - Growth - Direct PlanLarge Cap Fund	630.36	0.83	41,36,204	Sep '26

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-10-15	Ex Dividend	Rs.15.0000 per share(300%)Interim Dividend	2026-10-23	2026-10-23
2026-10-15	Ex Bonus	Bonus Issue Inter alia, approved:- 1. Declared Interim Dividend of Rs. 15/- per equity share of the face value of Rs. 5/- each (300%) for the Financial Year 2026-27. 2. Issue of Bonus Equity Shares, increase in Authorised Share Capital and consequential amendment to Memorandum of Association of the Company: The Board has recommended the following for approval of the Shareholders, through postal ballot: a. Issue of Bonus Equity Shares in the ratio of 1:1, i.e. one (1) new fully paid-up Bonus Equity Share of Rs. 5/- each for every one (1) existing fully paid-up equity share of Rs. 5/- each, held by the Eligible Members of the Company as on the Record date set for this purpose, by capitalisation of amounts standing to the credit of the Securities Premium Account and/or General Reserves and/or Retained Earnings and/or any other permitted Reserves, as per the Audited Financial Statements of the Company for the financial year ended 31 March 2026. b. Increase in the Authorised Share Capital of the Company from Rs. 924.3 crore to Rs. 1,000 crore, and consequent amendment to the existing Clause V(a) of the Memorandum of Association of the Company.
2026-09-30	Bonus Announcement	Interim Dividend & Bonus issue & Audited Results

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

ITIT - Software

Tech Mahindra Ltd. operates in the IT sector under the IT - Software industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

11 members across the board and senior leadership

Ruchie Khanna

Company Secretary & Compliance Officer

—

Anand G Mahindra

Chairman

₹1.52 Cr

Mar '26

Mohit Joshi

Managing Director & CEO

—

Shikha Sharma