Tech Mahindra Limited
Tech Mahindra Limited provides information technology services and solutions in the Americas, Europe, India, and internationally. It operates through Information technology Business and Business Process Services segments. It offers application development maintenance, intelligent automation, testing, performance engineering, cloud consulting, engineering and network, data analytics, and artificial intelligence (AI) services. The company also provides business process services, such as Consulting NXT.NOW, growth accelerators, business-process-as-a-service, service desk, technical assistance, supply chain management, finance and accounting, GIS, analytics, trust and safety, and transformation through technology; customer experience and design services; and cyber security, blockchain, and metaverse services. In addition, it offers ESG consulting and talent pool, energy, resource management, supply chain, and data management and reporting solutions, as well as environment, health, and safety solutions; and digital enterprise applications. Further, the company provides Yantr.ai, a field service management software; Kornea, a cloud-native AI-powered workforce management solution; Populii, an enterprise gig platform; AceFin, an AI-based BPaaS solution; AftEAZE, a digital aftermarket platform; netOps.ai, a cloud platform for telco networks; MobiLytix marketing studio; Epselon automation platform; Entellio, a chatbot platform; Blue Marble solution; and InfoWise for enterprise metadata. It serves banking and financial services; communication; energy and utilities; healthcare and life sciences; hi-tech; insurance; manufacturing; media and entertainment; private equity; oil and gas; professional services; retail and consumer goods; and travel, transportation, hospitality, and logistic sectors. It has a collaboration with NVIDIA Corporation to develop AI powered telco network operations reasoning agent. The company was incorporated in 1986 and is based in Pune, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 189.0%
Concerns1
- Low return on equity of 8.9%
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ44.62 K Cr | β | βΉ3.51 K Cr | β | β | 15.6% | 4.5% | 69.9% |
| Mar 2024 | βΉ42.70 K Cr | β | βΉ2.06 K Cr | β | β | 8.9% | 0.1% | -45.4% |
| Mar 2023 | βΉ42.66 K Cr | β | βΉ3.78 K Cr | β | β | 15.0% | 19.3% | -24.8% |
| Mar 2022 | βΉ35.76 K Cr | β | βΉ5.02 K Cr | β | β | 19.2% | 20.6% | 18.5% |
| Mar 2021 | βΉ29.64 K Cr | β | βΉ4.24 K Cr | β | β | 16.9% | 1.4% | -6.5% |
| Mar 2020 | βΉ29.23 K Cr | β | βΉ4.53 K Cr | β | β | 20.4% | 7.3% | 3.5% |
| Mar 2019 | βΉ27.23 K Cr | β | βΉ4.38 K Cr | β | β | 21.2% | 14.9% | 9.7% |
| Mar 2018 | βΉ23.69 K Cr | β | βΉ3.99 K Cr | β | β | 20.4% | 2.3% | 31.1% |
| Mar 2017 | βΉ23.16 K Cr | β | βΉ3.05 K Cr | β | β | 18.0% | 10.5% | -4.0% |
| Mar 2016 | βΉ20.97 K Cr | β | βΉ3.17 K Cr | β | β | 21.2% | 9.4% | 40.6% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 46,422 |
| Total Expenses | 41,240 |
| EBIT / Operating Profit | 5,182 |
| OPM % | 11% |
| Other Income | 979 |
| Finance Costs | 236 |
| Depreciation & Amortisation | 857 |
| Profit Before Tax | 5,067 |
| Tax % | - |
| Net Profit / PAT | 3,923 |
| EPS (βΉ) | 40.06 |
| Dividend Payout % | - |
Peer Comparison
Technology sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Tech Mahindra Limitedthis co. | βΉ1.58 L Cr | βΉ44.62 K Cr | 40.30 | 7.31 | 42.54 | 4.5% |
| Bharti Airtel Ltd. | βΉ12.19 L Cr | βΉ1.09 L Cr | 50.40 | 8.31 | 27.19 | 15.8% |
| Tata Consultancy Services Ltd. | βΉ11.84 L Cr | βΉ2.15 L Cr | 24.20 | 13.91 | 18.91 | 6.2% |
| Infosys Ltd | βΉ6.48 L Cr | βΉ1.37 L Cr | 24.20 | 7.17 | 16.31 | 5.9% |
| HCL Technologies Ltd | βΉ4.52 L Cr | βΉ51.10 K Cr | 36.80 | 14.48 | β | 6.2% |
| Bharat Electronics Ltd. | βΉ3.02 L Cr | βΉ23.66 K Cr | 53.30 | 14.23 | 51.32 | 17.3% |
| Wipro Ltd. | βΉ2.77 L Cr | βΉ67.29 K Cr | 23.00 | 4.29 | 18.85 | 0.8% |
| Industry Average | β | βΉ10.05 K Cr | 69.99 | 8.58 | 66.75 | 22.0% |