Tech Mahindra financials

·TechnologyChart ›
Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹16,180cr+15.6% on Q2 FY26
Net profit
₹1,610cr+34.0% on Q2 FY26
EBITDA margin
17.8%+2.3 pts on Q2 FY26
EPS
₹17.88+32.6% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue16,18013,995+15.6%
EBITDA2,8792,168+32.8%
EBITDA margin17.8%15.5%+2.3 pts
Profit before tax2,2961,659+38.4%
Net profit1,6101,202+34.0%
EPS₹17.88₹13.48+32.6%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹16,180 crNet profit₹1,610 crNet margin10.0%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
1,57,336————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
7,2448,3827,2117,1276,840
449462430477470
2,1862,1862,0251,5311,578
1,52,727————
61,36156,81552,98851,99553,290
—+7.2%+1.9%−2.4%—
10,5529,0346,9644,5067,792
17.2%15.9%13.1%8.7%14.6%
8,6277,1535,1112,6895,835
5,5714,8064,2532,3974,857
9.1%8.5%8.0%4.6%9.1%
₹62.31₹54.32₹47.97₹26.62₹54.55
—+13.3%+80.2%−51.2%—
—6,1725,7866,3765,572
—−696−594−791−1,015
5,4765,4765,1925,5854,557
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

TECHM₹1,776.60

Tech Mahindra Ltd.

· Technology
₹ CrorePeersINFYHCLTECHTCSWIPROLTMPERSISTENTCOFORGEMPHASISMcap ₹1.57L Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————1,57,335.7
- Cash, Equiv & ST Investments6,839.57,126.57,211.38,381.67,244.3
+ Minority Interest470.2477.4430.2461.6449.4
+ Total Debt1,578.21,531.02,025.22,186.22,186.2
Enterprise Value————1,52,727.0
Revenue53,290.251,995.552,988.356,815.461,361.4
Growth %, YoY—-2.4+1.9+7.2—
EBITDA7,791.84,506.36,963.89,034.110,551.9
Margin %14.628.6713.1415.9017.20
EBIT5,835.12,689.25,110.97,152.58,627.1
Net Income4,857.02,396.84,253.04,805.55,571.0
Margin %9.114.618.038.469.08
EPS, Adj (current shares)54.5526.6247.9754.3262.31
Growth %, YoY—-51.2+80.2+13.3—
Cash from Operations5,572.06,376.45,785.76,172.0—
Capital Expenditures-1,015.2-791.1-593.5-695.7—
Free Cash Flow4,556.85,585.35,192.25,476.35,476.3
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 145%.

Tech Mahindra financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Tech Mahindra (NSE: TECHM) had a market capitalisation of ₹1,56,787 crore at the 29 October 2026 close (₹1,769.60 a share), a PE ratio of 28.4 on the last four quarters' profit and a price-to-book ratio of 5.28. In FY26 its consolidated net profit attributable to shareholders was ₹4,811 crore on revenue of ₹56,815 crore; in Q2 FY27 (July–September 2026) it was ₹1,586 crore, up 32.7% year on year. Its debt-to-equity ratio was 0.07 on 30 September 2026. Promoters held 34.96% of the shares on 30 September 2026.

Tech Mahindra Q2 FY27 results
filed 15 October 2026
Share price used
₹1,769.60 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026
Share price and live chart
₹1,769.60 · 29 Oct close

Tech Mahindra at a glance · consolidated

Market cap
₹1,56,787 Crat ₹1,769.60 · 29 Oct close
PE ratio (last 4 quarters)
28.432.6 on FY26 profit
Price to book (PB)
5.28book value ₹334.91 a share
ROE (FY26)
16.9%+1.2 pts vs FY25ROCE 21.5%
Debt to equity
0.07net cash ₹5,137 Cr
Promoter holding
34.96%unchanged vs 30 Jun 202630 September 2026
Dividend yield
2.88%₹51 a share in 12 months
Net worth
₹29,673 Cr+7.9% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹5,476 Cr+5.5% vs FY25

Questions

What is the Tech Mahindra PE ratio today?

Tech Mahindra's PE ratio is 28.4 at the 29 October 2026 close (₹1,769.60 a share): a market capitalisation of ₹1,56,787 crore divided by consolidated net profit attributable to shareholders of ₹5,518 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹4,811 crore) it is 32.6.

What is the Tech Mahindra net worth?

Tech Mahindra's net worth — shareholders' equity in its consolidated balance sheet — was ₹29,673 crore on 30 September 2026, up 7.9% from ₹27,504 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,56,787 crore at the 29 October 2026 close.

What is the Tech Mahindra book value per share?

Tech Mahindra's book value per share was ₹334.91 on 30 September 2026: shareholders' equity of ₹29,673 crore divided by the 88.6 crore shares in issue, up 7.8% from ₹310.64 a year earlier. The share price at the 29 October 2026 close was ₹1,769.60.

What is the Tech Mahindra PB ratio (price to book value)?

Tech Mahindra's price-to-book (PB) ratio is 5.28 at the 29 October 2026 close: a market capitalisation of ₹1,56,787 crore divided by shareholders' equity (book value) of ₹29,673 crore on 30 September 2026. That is a book value of ₹334.91 per share against a share price of ₹1,769.60.

What is the Tech Mahindra debt to equity ratio?

Tech Mahindra's debt-to-equity ratio was 0.07 on 30 September 2026: borrowings of ₹2,184 crore against total equity of ₹30,122 crore. A year earlier, on 30 September 2025, it was 0.07.

What is the Tech Mahindra ROE and ROCE?

In FY26, Tech Mahindra's return on equity (ROE) was 16.9% and its return on capital employed (ROCE) was 21.5%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 15.7% and ROCE 16.7%.

What is the Tech Mahindra market cap?

Tech Mahindra's market capitalisation was ₹1,56,787 crore (₹1.57 lakh crore) at the 29 October 2026 close: 88.6 crore shares at ₹1,769.60 each.

Is Tech Mahindra debt free?

No. Tech Mahindra had borrowings of ₹2,184 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.07. Its cash and current investments were ₹7,321 crore, so it held net cash of ₹5,137 crore.

What is the Tech Mahindra EPS?

Tech Mahindra's basic earnings per share (EPS) were ₹54.28 in FY26, against ₹48.00 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹62.34.

What is the Tech Mahindra dividend yield?

Tech Mahindra's dividend yield is 2.88% at the 29 October 2026 close: dividends of ₹51 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,769.60. They were ₹15 on 23 October 2026 (interim) and ₹36 on 3 July 2026.

What is the Tech Mahindra promoter holding?

Promoters held 34.96% of Tech Mahindra on 30 September 2026, down 0.01 percentage points from 34.97% the previous quarter and down 0.02 percentage points from 34.98% a year earlier, according to the shareholding pattern filed with NSE.

What is the Tech Mahindra free cash flow?

In FY26, Tech Mahindra generated ₹6,172 crore of cash from operations and spent ₹696 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹5,476 crore. In FY25 it was ₹5,192 crore.

What is the Tech Mahindra dividend in 2026 and its record date?

In 2026, Tech Mahindra has declared two dividends totalling ₹51 a share: ₹36 with record date 3 July 2026 and ₹15 (interim) with record date 23 October 2026.

What are the Tech Mahindra latest quarterly results?

Tech Mahindra's latest results are for Q2 FY27 (July–September 2026), filed on 15 October 2026: consolidated net profit attributable to shareholders ₹1,586 crore, up 32.7% from ₹1,195 crore in Q2 FY26; revenue from operations ₹16,180 crore, up 15.6% year on year.

When are the Tech Mahindra next results?

Tech Mahindra has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

What is the Tech Mahindra shareholding pattern?

On 30 September 2026, Tech Mahindra's shares were held by promoters 34.96%, foreign portfolio investors (FII/FPI) 20.77%, domestic institutions (DII) 35.68% (including mutual funds at 19.35%) and retail and other non-institutional investors 8.42%. Over the year, FII holding was up 0.17 percentage points from 20.60% and DII holding was up 1.04 percentage points from 34.64%.

How does Tech Mahindra compare with its peers?

On FY26 consolidated figures, against Infosys, HCL Tech and TCS: Tech Mahindra's operating margin of 12.6% is the lowest of the four (Infosys 20.9%, HCL Tech 17.2%, TCS 25.0%; peer average 21.1%); its return on equity of 16.9% is the lowest of the four (Infosys 31.2%, HCL Tech 23.0%, TCS 48.7%; peer average 34.3%); its revenue growth over three years of 2.2% a year is the lowest of the four (Infosys 6.8% a year, HCL Tech 8.7% a year, TCS 5.8% a year; peer average 7.1% a year).

How does the Tech Mahindra PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Tech Mahindra's PE ratio is 32.6, the highest of the four: Infosys 15.8, HCL Tech 22.9 and TCS 18.2, a peer average of 19.0. Each is the company's market capitalisation at that price divided by its FY26 net profit.

What is the Tech Mahindra revenue and profit in FY26?

In FY26 (April 2025–March 2026), Tech Mahindra's consolidated net profit attributable to shareholders was ₹4,811 crore, up 13.3% from ₹4,248 crore in FY25, on revenue from operations of ₹56,815 crore (up 7.2%). Over three years, from FY23, net profit was down 0.4%.

Tech Mahindra vs Infosys: how do they compare?

In FY26, Tech Mahindra earned net profit attributable to shareholders of ₹4,811 crore on revenue of ₹56,815 crore, against ₹29,440 crore on ₹1,78,650 crore for Infosys. Tech Mahindra's operating margin was 12.6% (Infosys 20.9%) and its return on equity 16.9% (Infosys 31.2%). At the 29 October 2026 close, Tech Mahindra's market capitalisation was ₹1,56,787 crore against ₹4,64,562 crore for Infosys, and its PE ratio on FY26 profit 32.6 against 15.8.

Where do these Tech Mahindra figures come from?

From Tech Mahindra's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.