Tech Mahindra

Market Cap (₹ Cr.)

₹1,61,552

52 Week High

1,672.00

Book Value

₹273

52 Week Low

1,098.15

PE Ratio

64.19

PB Ratio

6.05

PE for Sector

41.15

PB for Sector

10.10

ROE

8.83 %

ROCE

18.08 %

Dividend Yield

2.42 %

EPS

₹25.74

Industry

IT - Software

Sector

Computers - Software - Large

Investment Returns

In Long Term

In Short Term

1 Year

0.00%

2 Years

0.00%

3 Years

0.00%

4 Years

0.00%

5 Years

0.00%

Growth Rate

Revenue Growth

-2.47 %

Net Income Growth

-50.65 %

Cash Flow Change

14.44 %

ROE

-48.38 %

ROCE

-41.99 %

EBITDA Margin (Avg.)

-36.50 %

Financial Results

Quarterly Financials	Mar 2015	Jun 2015	Sept 2015	Dec 2015	Mar 2016	Jun 2016	Sept 2016	Dec 2016	Mar 2017	Jun 2017	Sept 2017	Dec 2017	Mar 2018	Jun 2018	Sept 2018	Dec 2018	Mar 2019	Jun 2019	Sept 2019	Dec 2019	Mar 2020	Jun 2020	Sept 2020	Dec 2020	Mar 2021	Jun 2021	Sept 2021	Dec 2021	Mar 2022	Jun 2022	Sept 2022	Dec 2022	Mar 2023	Jun 2023	Sept 2023	Dec 2023	Mar 2024	Jun 2024
Revenue	4,726	5,415	5,734	5,303	5,602	5,822	6,063	6,091	6,082	6,151	6,655	6,167	6,428	6,468	7,284	7,071	7,365	7,101	7,677	7,990	8,830	7,436	7,561	7,851	7,714	8,171	9,115	9,417	9,804	10,277	11,134	11,356	11,018	10,898	10,953	10,817	10,684	10,753
Expenses	4,076	4,309	4,368	4,357	4,547	4,715	4,766	4,891	5,121	4,979	4,867	4,985	4,942	5,186	5,450	5,511	5,912	5,851	6,010	6,558	7,113	6,147	6,118	6,031	6,014	6,674	6,939	7,487	8,309	8,820	9,581	9,593	9,895	9,911	10,103	10,000	9,713	9,678
EBITDA	650	1,105	1,366	946	1,055	1,107	1,297	1,200	961	1,173	1,788	1,182	1,486	1,283	1,833	1,560	1,453	1,250	1,668	1,432	1,716	1,289	1,443	1,821	1,700	1,498	2,176	1,930	1,495	1,457	1,554	1,764	1,123	988	851	817	971	1,075
Operating Profit %	13 %	14 %	17 %	17 %	17 %	17 %	16 %	17 %	14 %	13 %	18 %	17 %	18 %	18 %	21 %	21 %	16 %	15 %	15 %	15 %	6 %	14 %	17 %	20 %	20 %	16 %	18 %	17 %	13 %	13 %	10 %	13 %	10 %	7 %	3 %	5 %	7 %	9 %
Depreciation	125	123	142	119	158	142	148	155	178	148	158	170	180	169	176	162	152	158	170	167	172	169	170	166	158	154	158	153	216	206	210	195	202	205	206	200	204	202
Interest	10	13	11	16	13	15	17	20	12	17	19	18	17	8	12	13	10	12	12	16	27	18	15	15	15	18	15	14	19	28	38	59	57	54	58	75	59	51
Profit Before Tax	516	969	1,213	811	884	950	1,133	1,025	771	1,008	1,611	994	1,290	1,106	1,646	1,385	1,291	1,080	1,485	1,249	1,518	1,102	1,258	1,640	1,527	1,326	2,004	1,763	1,260	1,224	1,306	1,510	864	729	587	542	707	822
Tax	87	166	230	187	172	223	230	155	115	208	265	181	277	226	340	188	311	296	79	345	161	325	327	402	307	393	418	473	-23	306	365	328	204	216	121	149	138	216
Net Profit	429	803	983	623	763	737	872	852	586	796	1,378	844	978	911	1,336	1,153	980	823	1,396	923	1,392	854	962	1,256	1,168	986	1,560	1,330	1,090	940	956	1,204	677	560	556	486	527	625
EPS in ₹	4.48	8.36	10.23	6.48	7.92	7.61	8.99	8.78	6.03	8.17	14.13	8.65	9.99	9.27	13.58	11.72	9.98	8.50	14.44	9.54	14.39	8.83	9.93	12.97	12.06	10.16	16.05	13.67	11.20	9.64	9.80	12.34	6.93	5.72	5.68	4.97	5.39	6.38

Show % Change

Above figures are in Rs. Crores

Balance Sheet

Balance Sheet	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	17,017	20,894	23,733	26,830	30,342	30,322	33,375	35,559	36,035	34,664
Fixed Assets	1,981	2,177	2,498	3,231	2,786	3,336	3,048	3,630	3,641	3,224
Current Assets	9,489	12,355	13,129	14,372	17,919	18,043	20,020	17,536	17,344	16,781
Capital Work in Progress	551	628	362	235	272	35	111	136	48	94
Investments	457	4,922	7,716	10,258	12,961	10,649	16,552	14,532	13,320	13,214
Other Assets	14,028	13,168	13,156	13,106	14,324	16,303	13,663	17,262	19,026	18,131
Total Liabilities	5,760	5,904	6,843	7,296	9,694	8,049	8,359	9,350	10,831	11,493
Current Liabilities	4,201	4,028	4,695	5,064	7,846	5,714	5,961	6,720	8,365	8,838
Non Current Liabilities	1,560	1,876	2,148	2,232	1,848	2,335	2,398	2,629	2,466	2,655
Total Equity	11,256	14,990	16,890	19,535	20,648	22,273	25,016	26,210	25,204	23,171
Reserve & Surplus	10,776	14,507	16,403	19,045	20,156	21,791	24,532	25,724	24,717	22,682
Share Capital	480	484	487	490	492	483	484	486	487	488

Show % Change

Above figures are in Rs. Crores

Cash Flow

Cash Flow	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Cash Flow	-299	1,002	-736	-82	69	844	-816	181	-156	321
Investing Activities	-1,637	-1,082	-2,590	-2,146	-1,529	3,306	-5,602	1,576	734	43
Operating Activities	2,108	2,876	3,332	3,273	3,634	2,380	6,852	3,213	4,102	5,005
Financing Activities	-770	-792	-1,479	-1,210	-2,036	-4,842	-2,066	-4,607	-4,992	-4,727

Show % Change

Above figures are in Rs. Crores

Share Holding

% Holding	Mar 2021	Jun 2021	Sept 2021	Dec 2021	Mar 2022	Jun 2022	Sept 2022	Dec 2022	Mar 2023	Jun 2023	Sept 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	35.76 %	35.73 %	35.70 %	35.67 %	35.26 %	35.24 %	35.22 %	35.19 %	35.18 %	35.16 %	35.13 %	35.11 %	35.09 %	35.04 %
FIIs	38.31 %	36.14 %	35.54 %	35.35 %	34.26 %	30.43 %	28.20 %	27.95 %	26.87 %	25.68 %	26.22 %	24.58 %	24.15 %	23.28 %
DIIs	14.39 %	16.51 %	16.92 %	17.23 %	18.06 %	20.74 %	23.81 %	23.94 %	25.85 %	26.96 %	27.13 %	29.02 %	29.52 %	30.76 %
Government	0.17 %	0.17 %	0.17 %	0.17 %	0.17 %	0.17 %	0.17 %	0.17 %	0.17 %	0.17 %	0.17 %	0.17 %	0.17 %	0.17 %
Public / Retail	11.36 %	11.44 %	11.67 %	11.58 %	12.25 %	13.43 %	12.60 %	12.74 %	11.93 %	12.03 %	11.34 %	11.13 %	11.07 %	10.75 %

Show % Change

Peer Comparison Compare Peers on Screener

Competitors	LTP	Market Cap (₹ Cr.)	P/E Ratio	Revenue (₹ Cr.)	YoY Revenue Growth %	Net Profit (₹ Cr.)	YoY Profit Growth %	RSI
Tata Consultancy Services	4,287.95	16,29,460.00	34.24	2,45,315.00	7.17	46,099	8.86	40.63
Infosys	1,891.15	8,10,768.94	30.42	1,58,381.00	5.96	26,248	7.22	49.81
HCL Technologies	1,728.55	4,91,906.06	29.95	1,11,408.00	8.36	15,710	20.62	54.55
Wipro	531.20	2,88,581.03	25.81	92,391.10	-0.40	11,112	5.22	55.01
LTI Mindtree	6,356.85	1,91,123.47	41.87	36,218.90	7.35	4,585	-1.49	68.44
Tech Mahindra	1,596.15	1,61,551.77	64.19	52,912.40	-2.47	2,397	22.91	50.16
Persistent Systems	5,237.20	82,832.09	70.73	9,949.61	18.15	1,093	33.94	54.70
Mphasis	2,970.70	60,115.55	38.45	13,496.32	-3.32	1,555	2.14	49.01
L&T Technology Services	5,483.50	59,959.08	45.91	9,854.60	9.27	1,306	0.58	47.61