Tech Mahindra cash flow

Latest FY26

Cash from operations: ₹6,172cr+6.7% on FY25
Capital spending: ₹696cr+17.2% on FY25
Free cash flow: ₹5,476cr+5.5% on FY25
Cash from financing: −₹5,131cr−₹5,799 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	1,882	1,853	1,817	1,957
	—	0.0	0.0	458	0.0
	—	337	322	392	326
	—	−98.0	−197	−154	0.0
	—	−0.3	0.0	−2.8	0.0
	—	0.0	0.0	−585	−105
	—	96.3	68.6	79.2	86.1
	—	617	222	−12.9	327
	—	−1.5	8.6	10.5	−29.0
	—	0.0	27.3	0.0	0.0
	—	−1,544	−126	1,704	−1,784
	—	−1,287	−539	375	−374
	—	0.0	0.0	0.0	310
	—	0.0	0.0	0.0	237
	—	517	630	−612	255
	—	547	182	135	35.7
	—	−184	−197	0.0	−58.3
	—	391	−149	181	21.5
	—	0.0	0.0	670	0.0
Cash from operating activities
	7,637	6,573	5,653	3,224	6,445
	—	1,275	2,088	4,434	1,262
	—	7,848	7,741	7,658	7,707
	—	0.0	0.0	0.0	−105
	—	0.0	−1.3	0.0	−2.8
	—	−26.0	−480	−34.9	−34.6
	—	1,650	1,474	1,247	1,993
	—	6,172	5,786	6,376	5,572
Cash from investing activities
	—	696	594	791	1,015
	—	0.0	0.0	53.4	0.0
	—	150	111	0.0	46.0
	—	25,576	23,628	17,886	21,478
	—	25,490	23,828	18,036	23,075
	—	89.9	162	749	1,067
	—	14.2	0.0	0.0	0.0
	—	0.3	0.0	0.0	0.0
	—	125	191	153	145
	—	173	231	−131	15.9
	—	−409	−23.2	−1,314	−278
Cash from financing activities
	—	0.9	0.0	0.0	0.0
	—	0.0	9.0	23.8	44.2
	—	0.0	92.7	0.0	0.0
	—	−434	−1,043	0.0	65.8
	—	0.0	32.5	68.8	225
	—	464	535	454	443
	—	208	264	351	257
	—	4,026	3,842	3,917	4,263
	—	−5,131	−5,799	−4,767	−5,078
	—	632	−36.8	295	215
	—	95.3	8.1	−4.7	52.0
	—	728	−28.7	291	267
	—	5,046	4,319	4,347	4,056
Reference items
	10,552	9,034	6,964	4,506	7,792
	17.2%	15.9%	13.1%	8.7%	14.6%
	5,476	5,476	5,192	5,585	4,557
	—	5,429	5,423	5,187	—
	₹61.84	₹61.84	₹58.63	₹63.07	₹51.45
	28.62×	—	—	—	—
	—	1.28×	1.36×	2.66×	1.15×
	—	1,650	1,474	1,247	1,993
	—	208	264	351	257

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

alphave

TECHM₹1,769.60

Tech Mahindra Ltd.

· Technology

₹ CrorePeersINFY HCLTECH TCS WIPRO LTM PERSISTENT COFORGE MPHASISMcap ₹1.57L Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	1,956.7	1,817.1	1,852.9	1,881.6	—
+ Impairment Loss / (Reversal)	0.0	458.2	0.0	0.0	—
+ Finance Costs	325.6	392.2	321.7	337.4	—
+ Interest Income	0.0	-154.0	-196.6	-98.0	—
+ Dividend Income	0.0	-2.8	0.0	-0.3	—
+ Fair Value (Gains) / Losses	-105.2	-585.3	0.0	0.0	—
+ Share-based Payments	86.1	79.2	68.6	96.3	—
+ Unrealised FX (Gain) / Loss	326.6	-12.9	222.0	617.1	—
+ Undistributed Profits of Associates	-29.0	10.5	8.6	-1.5	—
+ Other Non-cash Items	0.0	0.0	27.3	0.0	—
Changes in Working Capital
+ Trade Receivables — Current	-1,783.6	1,704.3	-126.0	-1,543.9	—
+ Other Financial Assets — Current	-373.9	374.9	-539.3	-1,287.1	—
+ Other Current Assets	309.6	0.0	0.0	0.0	—
+ Other Non-current Assets	237.0	0.0	0.0	0.0	—
+ Trade Payables — Current	255.2	-612.0	629.9	516.6	—
+ Other Financial Liabilities — Current	35.7	134.5	182.3	547.1	—
+ Other Financial Liabilities — Non-current	-58.3	0.0	-196.9	-184.3	—
+ Other Current Liabilities	21.5	180.6	-149.2	391.1	—
+ Provisions — Current	0.0	670.3	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	6,445.5	3,224.4	5,653.2	6,573.1	7,637.1
+ Total Adjustments (incl. Working Capital)	1,262.0	4,433.8	2,088.1	1,275.1	—
Cash from Operations (pre-tax)	7,707.5	7,658.2	7,741.3	7,848.2	—
+ Interest Received — Operating	-105.0	0.0	0.0	0.0	—
+ Dividends Received — Operating	-2.8	0.0	-1.3	0.0	—
+ Other Inflows / (Outflows) — Operating	-34.6	-34.9	-479.9	-26.0	—
+ Income Taxes Paid	1,993.1	1,246.9	1,474.4	1,650.2	—
Cash from Operating Activities	5,572.0	6,376.4	5,785.7	6,172.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	1,015.2	791.1	593.5	695.7	—
+ Disp of Fixed Assets	0.0	53.4	0.0	0.0	—
+ Disp of Investment Property	46.0	0.0	110.6	149.6	—
+ Purchase of Investments (Equity / Debt)	21,477.6	17,886.1	23,628.4	25,575.6	—
+ Sale of Investments (Equity / Debt)	23,074.8	18,036.3	23,828.3	25,490.0	—
+ Acq of Subsidiaries / Businesses (net)	1,067.2	748.8	162.0	89.9	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	0.0	14.2	—
+ Dividends Received — Investing	0.0	0.0	0.0	0.3	—
+ Interest Received — Investing	144.8	153.1	191.0	125.1	—
+ Other Inflows / (Outflows) — Investing	15.9	-130.5	230.8	172.8	—
Cash from Investing Activities	-278.5	-1,313.7	-23.2	-409.2	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.0	0.0	0.9	—
+ Proceeds from Exercise of Stock Options	44.2	23.8	9.0	0.0	—
+ Payments — Change in Ownership of Subsidiaries	0.0	0.0	92.7	0.0	—
+ Proceeds from Borrowings	65.8	0.0	-1,042.6	-433.8	—
+ Repayment of Borrowings	225.2	68.8	32.5	0.0	—
+ Payment of Lease Liabilities	442.6	454.5	535.0	463.8	—
+ Interest Paid	257.0	350.7	263.6	208.3	—
+ Dividends Paid	4,263.3	3,917.0	3,841.8	4,025.5	—
Cash from Financing Activities	-5,078.1	-4,767.2	-5,799.2	-5,130.5	—
Net Changes in Cash (pre-FX)	215.4	295.5	-36.8	632.3	—
+ Effect of FX Rate Changes on Cash	52.0	-4.7	8.1	95.3	—
Net Changes in Cash	267.4	290.8	-28.7	727.6	—
Closing Cash	4,056.3	4,347.1	4,318.5	5,046.1	—
Reference Items
EBITDA	7,791.8	4,506.3	6,963.8	9,034.1	10,551.9
EBITDA Margin %	14.62	8.67	13.14	15.90	17.20
Free Cash Flow (CFO − Capex)	4,556.8	5,585.3	5,192.2	5,476.3	5,476.3
Free Cash Flow to Equity	—	5,187.4	5,422.8	5,429.0	—
Free Cash Flow per Basic Share	51.45	63.07	58.63	61.84	61.84
Price to Free Cash Flow	—	—	—	—	28.62
Cash Flow to Net Income	1.15	2.66	1.36	1.28	—
Cash Paid for Taxes	1,993.1	1,246.9	1,474.4	1,650.2	—
Cash Paid for Interest	257.0	350.7	263.6	208.3	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. 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%.