Tech Mahindra Limited

BSE: TECHM532755ISIN INE669C01036

Information Technology
Computers - Software & Consulting
BSE SENSEX

BSE listing

Share price

₹1,530.70-28.30 (-1.82%)

as of 18 Sep 2026

52W high: ₹1,850.00
52W low: ₹1,304.25
Off 52W high: -17.26%
1M return: -3.25%
3M return: +8.50%
6M return: +10.53%
1Y return: -1.27%
20D avg volume: 85,134
50 DMA: ₹1,586.77
200 DMA: ₹1,518.87

Key ratios Consolidated

Market cap: ₹1,50,029 Cr
Current price: ₹1,530.70
52W high / low: ₹1,850.00 / ₹1,304.25
Face value: ₹5.00
P/E: 29.06
P/B: —
EPS (TTM): ₹52.68
Book value / share: —
ROE: —
ROCE: 19.80%
Operating margin: —
Net margin: —
Debt / equity: 0.07
Net debt: ₹-2,860 Cr
Interest cover: 20.48
Dividend yield: 3.33%
Dividend / share (TTM): ₹51.00
Payout: 96.81%
Cash conversion cycle: 54.1 days

About

In plain English

Tech Mahindra is a global IT services company that helps businesses modernize their technology, from building software to managing their digital operations. For example, it might design a mobile banking app for a large bank or run the IT helpdesk for a telecom company. Its customers are big enterprises in industries like telecom, banking, and manufacturing. The company makes money by charging fees for these consulting and technology services, often under long-term contracts. However, the provided source material does not include specific details on its products, customer names, or exact revenue breakdown.

AI-generated summary, written from the company's own filings and disclosures. Every figure elsewhere on this page comes from exchange data, not from a model. See our editorial standards. Generated 16 Jul 2026.

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	15,712	15,076	14,393	13,995	13,351	13,384	13,286	13,313	13,005	12,871	13,101	12,864
	-106.40	-204.70	21.70	40.00	218.30	172.70	16.50	521.50	144.70	373.50	87.50	264.20
	13,559	13,081	12,595	12,373	11,952	12,091	12,011	12,122	11,975	12,292	12,515	12,504
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	7,877	7,787	7,564	7,629	7,499	7,362	7,425	7,505	7,332	7,249	7,409	7,302
	111.30	88.80	93.60	77.20	77.80	85.30	75.90	89.00	71.50	58.50	116.50	97.50
	478.60	481.10	473.70	468.70	458.10	462.10	458.80	469.80	462.20	461.40	443.40	465.70
	5,093	4,724	4,464	4,198	3,917	4,182	2,594	2,539	2,603	2,470	3,036	2,897
	2,046	1,791	1,777	1,662	1,618	1,465	1,291	1,713	1,175	952.70	674.06	623.80
	0.00	-0.10	-272.40	-2.80	0.00	-1.20	6.60	0.60	0.00	6.40	4.80	-8.50
	2,046	1,791	1,504	1,659	1,618	1,464	1,297	1,713	1,175	959.10	678.86	615.30
	555.60	434.20	386.50	457.60	489.30	322.30	308.60	456.00	313.30	294.90	155.10	110.00
	1,486	1,356	1,119	1,202	1,129	1,142	988.80	1,257	864.77	664.20	523.76	505.30
	16.53	15.27	12.66	13.48	12.87	13.17	11.10	14.12	9.62	7.48	5.77	5.59
Key metrics
	2,636	2,360	2,072	2,205	2,154	2,012	1,832	2,272	1,709	1,479	1,239	1,178
	16.80%	15.70%	14.40%	15.80%	16.10%	15.00%	13.80%	17.10%	13.10%	11.50%	9.50%	9.20%
	9.50%	9.00%	7.80%	8.60%	8.50%	8.50%	7.40%	9.40%	6.60%	5.20%	4.00%	3.90%
	—	5.40%	—	5.40%	—	4.90%	—	—	—	—	—	—
	17.70%	12.60%	8.30%	5.10%	2.70%	4.00%	1.40%	3.50%	—	—	—	—
	31.70%	18.80%	13.10%	-4.40%	30.50%	71.90%	88.80%	148.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	59,176	56,815	52,988	51,995	53,290	44,646	37,855	36,868	34,742	30,773
	-249.40	31.90	855.40	916.90	965.00	1,112	787.10	1,192	534.20	1,416
	51,608	50,000	48,199	49,698	47,781	38,309	32,690	32,997	29,668	27,311
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	30,856	30,479	29,624	29,128	27,692	22,286	19,297	18,810	17,508	16,624
	370.90	337.40	321.70	392.20	325.60	162.60	174.00	191.90	133.20	162.38
	1,902	1,882	1,853	1,817	1,957	1,520	1,458	1,446	1,129	1,085
	18,478	17,302	16,401	11,214	9,569	7,383	6,736	6,891	6,548	5,551
	7,276	6,847	5,645	3,214	6,474	7,449	5,952	5,063	5,609	4,879
	-275.30	-273.90	8.60	10.50	-29.00	2.80	1.20	0.00	-65.50	0.00
	7,000	6,573	5,653	3,224	6,445	7,452	5,953	5,063	5,543	4,879
	1,834	1,768	1,400	827.60	1,588	1,822	1,600	1,160	1,254	1,093
	5,163	4,806	4,253	2,397	4,857	5,630	4,353	3,903	4,289	3,786
	57.94	54.28	48.00	26.66	54.76	63.32	50.64	46.21	48.47	—
Key metrics
	9,273	8,792	7,828	5,434	8,728	9,135	7,585	6,701	6,806	6,126
	15.67%	15.50%	14.80%	10.50%	16.40%	20.50%	20.00%	18.20%	19.60%	19.90%
	8.72%	8.50%	8.00%	4.60%	9.10%	12.60%	11.50%	10.60%	12.30%	12.30%
	—	19.80%	18.80%	—	—	—	—	—	—	—
	—	7.20%	1.90%	-2.40%	19.40%	17.90%	2.70%	6.10%	12.90%	—
	—	13.00%	77.40%	-50.70%	-13.70%	29.30%	11.50%	-9.00%	13.30%	—
	—	5,476	5,192	—	—	—	—	—	—	—
	—	1.28	1.36	—	—	—	—	—	—	—
	—	0.07	0.07	—	—	—	—	—	—	—
	—	-2,860	-2,293	—	—	—	—	—	—	—
	—	54.1	49.4	—	—	—	—	—	—	—
Balance sheet
	—	49,369	44,494	—	—	—	—	—	—	—
	—	27,575	23,679	—	—	—	—	—	—	—
	—	5,046	4,318	—	—	—	—	—	—	—
	—	13,358	11,547	—	—	—	—	—	—	—
	—	104.20	39.40	—	—	—	—	—	—	—
	—	5,224	4,246	—	—	—	—	—	—	—
	—	2,426	2,380	—	—	—	—	—	—	—
	—	5,040	4,411	—	—	—	—	—	—	—
	—	14,498	12,674	—	—	—	—	—	—	—
	—	2,186	2,025	—	—	—	—	—	—	—
	—	597.40	878.00	—	—	—	—	—	—	—
	—	1,589	1,147	—	—	—	—	—	—	—
	—	30,077	27,792	—	—	—	—	—	—	—
Cash flow
	—	6,172	5,786	—	—	—	—	—	—	—
	—	-409.20	-23.20	—	—	—	—	—	—	—
	—	-5,130	-5,799	—	—	—	—	—	—	—
	—	695.70	593.50	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	13,219	12,956	12,308	12,068	11,595	11,584	11,176	10,939	10,630	10,411	10,551	10,440
	137.30	-195.20	135.10	246.40	394.30	163.15	174.70	921.40	123.40	272.70	265.20	513.60
	11,572	11,933	10,938	10,781	10,448	10,829	10,276	10,220	9,931	9,976	10,275	10,366
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	4,543	4,554	4,395	4,376	4,339	4,292	4,344	4,222	4,103	4,018	4,113	4,029
	76.30	73.60	72.50	56.60	58.80	61.20	59.80	65.10	50.60	59.10	75.30	57.70
	235.40	230.40	218.60	213.10	211.10	215.90	217.00	203.10	202.30	204.40	199.60	206.20
	6,717	7,075	6,252	6,135	5,839	6,260	1,567	1,565	1,472	1,453	1,782	1,678
	1,510	828.30	1,506	1,533	1,541	917.45	1,075	1,640	822.30	707.40	541.80	586.90
	0.00	0.00	-245.20	0.00	0.00	0.00	—	—	—	—	—	—
	1,510	828.30	1,261	1,533	1,541	917.45	1,075	1,640	822.30	707.40	541.80	586.90
	371.80	287.00	296.90	357.70	362.70	207.10	216.90	346.50	197.50	180.00	55.90	31.10
	1,138	541.30	963.80	1,176	1,178	710.35	858.30	1,294	624.80	527.40	485.90	555.80
	11.60	5.52	9.83	11.99	12.02	7.25	8.76	13.21	6.38	5.39	4.97	5.68
Key metrics
	1,821	1,132	1,552	1,803	1,811	1,195	1,352	1,908	1,075	970.90	816.70	850.80
	13.80%	8.70%	12.60%	14.90%	15.60%	10.30%	12.10%	17.40%	10.10%	9.30%	7.70%	8.10%
	8.60%	4.20%	7.80%	9.70%	10.20%	6.10%	7.70%	11.80%	5.90%	5.10%	4.60%	5.30%
	—	3.50%	—	6.40%	—	3.80%	—	—	—	—	—	—
	14.00%	11.90%	10.10%	10.30%	9.10%	11.30%	5.90%	4.80%	—	—	—	—
	-3.40%	-23.80%	12.30%	-9.10%	88.60%	34.70%	76.60%	132.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	50,551	48,927	44,617	42,099	42,657	34,726	29,641	29,225	27,220	23,661
	323.60	580.60	1,333	1,252	1,128	1,523	921.80	2,366	960.10	1,731
	45,223	44,099	41,453	40,787	38,882	29,964	25,036	26,259	22,752	20,485
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	17,867	17,663	17,107	16,082	14,969	11,054	9,163	9,283	8,444	8,106
	279.00	261.50	238.60	246.40	180.80	63.60	63.20	66.70	43.10	70.80
	897.50	873.20	855.20	814.90	812.90	659.90	662.30	667.40	658.70	656.17
	26,179	25,301	23,252	6,662	5,331	3,861	3,684	4,080	3,486	2,639
	5,377	5,409	4,497	2,565	4,904	6,285	5,527	5,332	5,427	4,906
	-245.20	-245.20	0.00	—	—	—	—	—	—	—
	5,132	5,164	4,497	2,565	4,904	6,285	5,527	5,332	5,427	4,906
	1,313	1,304	991.10	436.10	1,127	1,372	1,288	797.70	1,047	907.19
	3,819	3,859	3,506	2,129	3,778	4,913	4,239	4,534	4,380	3,999
	38.94	39.35	35.78	21.75	38.69	50.48	43.76	46.89	44.58	—
Key metrics
	6,309	6,298	5,591	3,626	5,898	7,008	6,252	6,066	6,129	5,633
	12.48%	12.90%	12.50%	8.60%	13.80%	20.20%	21.10%	20.80%	22.50%	23.80%
	7.55%	7.90%	7.90%	5.10%	8.90%	14.10%	14.30%	15.50%	16.10%	16.90%
	—	21.20%	18.40%	—	—	—	—	—	—	—
	—	9.70%	6.00%	-1.30%	22.80%	17.20%	1.40%	7.40%	15.00%	—
	—	10.10%	64.70%	-43.70%	-23.10%	15.90%	-6.50%	3.50%	9.50%	—
	—	4,134	3,958	—	—	—	—	—	—	—
	—	1.19	1.22	—	—	—	—	—	—	—
	—	0.00	0.05	—	—	—	—	—	—	—
	—	-1,824	-520.10	—	—	—	—	—	—	—
	—	39.0	35.4	—	—	—	—	—	—	—
Balance sheet
	—	38,299	36,181	—	—	—	—	—	—	—
	—	20,168	17,520	—	—	—	—	—	—	—
	—	1,824	1,602	—	—	—	—	—	—	—
	—	11,730	9,844	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	3,486	3,250	—	—	—	—	—	—	—
	—	1,836	1,851	—	—	—	—	—	—	—
	—	6,497	5,508	—	—	—	—	—	—	—
	—	12,718	10,504	—	—	—	—	—	—	—
	—	0.00	1,082	—	—	—	—	—	—	—
	—	0.00	230.10	—	—	—	—	—	—	—
	—	0.00	852.10	—	—	—	—	—	—	—
	—	21,722	22,421	—	—	—	—	—	—	—
Cash flow
	—	4,594	4,293	—	—	—	—	—	—	—
	—	432.10	504.32	—	—	—	—	—	—	—
	—	-4,899	-4,659	—	—	—	—	—	—	—
	—	460.30	335.18	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +4.68%
Sales CAGR 5Y: +10.54%
Sales CAGR 10Y: —
Profit CAGR 3Y: +0.72%
Profit CAGR 5Y: -1.86%
Profit CAGR 10Y: —
Sales YoY (TTM): +11.61%
Profit YoY (TTM): -5.50%

Consolidated

Sales CAGR 3Y: +2.16%
Sales CAGR 5Y: +8.46%
Sales CAGR 10Y: —
Profit CAGR 3Y: -0.35%
Profit CAGR 5Y: +2.00%
Profit CAGR 10Y: —
Sales YoY (TTM): +10.95%
Profit YoY (TTM): +14.30%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 34.97%

Holder	Type	Holding	Previous	Change
Mahindra & Mahindra Limited	Promoter	25.31%	—	—
Life Insurance Corporation Of India	Public	11.11%	—	—
TML Benefit Trust through Puneet Renjhen	Promoter Group	9.62%	—	—
Sbi Nifty 50 Etf	Public	4.38%	—	—
Icici Prudential Technology Fund	Public	2.59%	—	—
Nps Trust- A/C Sbi Pension Fund Scheme - State Govt	Public	1.97%	—	—
Kotak Flexicap Fund	Public	1.82%	—	—
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Flexi Cap Fund	Public	1.66%	—	—
Uti Nifty 50 Etf	Public	1.43%	—	—
Nippon Life India Trustee Ltd-A/C Nippon India Etf Nifty 50 Bees	Public	1.32%	—	—
Sbi Life Insurance Co. Ltd	Public	1.06%	—	—
Mahindra-Bt Investment Company (Mauritius) Limited	Promoter Group	0.02%	—	—
Mahindra Holdings Ltd	Promoter Group	0.02%	—	—
Pulse Hybren Private Limited	Promoter Group	0.00%	—	—
Gelos Solren Private Limited	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund19 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Intimation of Schedule of Investor Interaction with Tech Mahindra''s Leadership - Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....17 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Interaction with Tech Mahindra''s Leadership - Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....16 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Interactions with Tech Mahindra''s Leadership - Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....16 Sep 2026 · Company Update / Analyst / Investor Meet
Allotment of equity shares pursuant to exercise of Employee Stock Options14 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Intimation of Schedule of Investor Interaction with Tech Mahindra''s Leadership -Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....7 Sep 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 (" SEBI Listing Regulations")- ESG Rating3 Sep 2026 · Company Update / General
Intimation of Schedule of Investor Interaction with Tech Mahindra''s Leadership - Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....27 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Interaction with Tech Mahindra''s Leadership -Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....26 Aug 2026 · Company Update / Analyst / Investor Meet
Allotment of equity shares pursuant to exercise of Employee Stock Options17 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Disclosure under Regulation 30 of the Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")- ESG Rating8 Aug 2026 · Company Update / General
Intimation of Schedule of Investor Interaction with tech Mahindra''s Leadership6 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Interaction with Tech Mahindra''s Leadership6 Aug 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of the Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements) Regulation, 2015 ( "SEBI Listing Regulations")- ESG Rating28 Jul 2026 · Company Update / General
Intimation of Schedule of Investor Interaction with Tech Mahindra''s Leadership - Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....24 Jul 2026 · Company Update / Analyst / Investor Meet
Transcript of the quarterly earnings conference call for quarter ended 30 June 2026.22 Jul 2026 · Company Update / Earnings Call Transcript
Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (" SEBI Listing Regulations")- ESG Rating21 Jul 2026 · Company Update / General
Allotment of Equity shares pursuant to exercise of Employee Stock Options.21 Jul 2026 · Company Update / Allotment of ESOP / ESPS
Tech Mahindra Limited has informed the Exchange regarding Scheme of Merger between Zen3 Infosolutions Private Limited, Tech Mahindra Enterprise Service Limited, Begig Private Limited and ....20 Jul 2026 · Company Update / General
Please find attached the Disclosure of Voting Results and Scrutinizer Report of the 39th Annual General Meeting of the Company.18 Jul 2026 · AGM/EGM / AGM
Proceedings of the 39th Annual General Meeting of the equity shareholders of the Company is enclosed.18 Jul 2026 · AGM/EGM / AGM
Newspaper Publication of Financial Results - Regulations 30 and 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI ....17 Jul 2026 · Company Update / Newspaper Publication
Outcome and Audio recording of quarterly earnings conference call16 Jul 2026 · Company Update / Analyst / Investor Meet
Acquisition update16 Jul 2026 · Company Update / Acquisition
Investor Presentation enclosed.16 Jul 2026 · Company Update / Investor Presentation
Press Release enclosed16 Jul 2026 · Company Update / Press Release / Media Release
Audited Standalone & Consolidated Financial Results for the quarter ended 30th June 202616 Jul 2026 · Board Meeting / Outcome of Board Meeting
enclosed16 Jul 2026 · Result / Financial Results
Please find enclosed Certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for quarter ended 30th June, 2026.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Acquisition.1 Jul 2026 · Company Update / Acquisition
Intimation of Schedule of Quarterly Earnings Conference Call and Press Release under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....30 Jun 2026 · Company Update / Analyst / Investor Meet
Intimation for Trading Window Closure is enclosed.30 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Tech Mahindra Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/07/2026 ,inter alia, to consider and approve Prior Intimation of Board Meeting ....30 Jun 2026 · Board Meeting / Board Meeting
Intimation under Regulation 30 Of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.29 Jun 2026 · Company Update / Restructuring
Tech Mahindra Limited has informed the Exchange about the Newspaper Advertisement published today regarding: 1. Completion of dispatch of the Notice of 39th AGM and the Integrated Annual ....25 Jun 2026 · Company Update / Newspaper Publication
Enclosed letter to shareholders providing exact weblink, path and QR code of Integrated Annual Report 2025-26 and Notice of the 39th AGM..24 Jun 2026 · Company Update / General
BRSR enclosed.23 Jun 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Integrated Annual Report 2025-26 enclosed.23 Jun 2026 · Others / Reg. 34 (1) Annual Report
Notice of 39th AGM of the Company will be held on 17th July 2026 at 3.30 p.m. IST through Video Conferencing/ any Other Audio- Visual Means.23 Jun 2026 · AGM/EGM / AGM
Intimation under Regulation 30 of SEBI Listing Regulations.23 Jun 2026 · Company Update / Restructuring

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 36.0000	3 Jul 2026	3 Jul 2026	—
Interim Dividend - Rs. - 15.0000	20 Oct 2025	21 Oct 2025	—
Final Dividend - Rs. - 30.0000	4 Jul 2025	4 Jul 2025	—
Interim Dividend - Rs. - 15.0000	31 Oct 2024	1 Nov 2024	—
Final Dividend - Rs. - 28.0000	19 Jul 2024	—	—

Board meetings

16 Jul 2026 Board Meeting - Financial Results