Tech Mahindra Key Ratios
NSE: TECHM | BSE: 532755
₹1,790.80
As on 30-Oct-2026IST
Market cap
₹1,75,672 Cr
Revenue (TTM)
₹61,361 Cr
P/E Ratio
31.8
P/B Ratio
5.9
Div. Yield
2.8 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 2.98 | 15.61 | 13.60 | 4.69 | 8.69 |
| EBIT | 5.44 | 40.48 | 46.11 | 26.01 | 6.53 |
| Net Profit | 8.22 | 32.74 | 27.75 | 16.75 | 2.42 |
| EPS | 8.20 | 32.65 | 23.11 | 15.11 | 1.42 |
| Book Value | -- | -- | 8.15 | 1.97 | 3.52 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 8.46 | 10.16 | 14.06 | 11.20 | 9.09 |
| Net Margin
| 6.91 | 8.39 | 9.14 | 8.34 | 7.86 |
| Return on equity
| 13.93 | 16.38 | 18.56 | 17.00 | 15.90 |
| Return on Capital
| 18.50 | 20.88 | -- | 23.04 | 20.43 |
| Return on Assets
| 8.76 | 10.16 | 11.78 | 10.70 | 10.05 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.02 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
--
|
23.04
|
20.43
|
12.02
|
22.41
|
|
Peer Median
|
--
|
22.93
|
24.14
|
24.63
|
--
|
ROE
18.56
Higher than Peers by 2.27
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
18.56
|
17.00
|
15.90
|
8.89
|
17.98
|
|
Peer Median
|
16.29
|
18.98
|
19.11
|
19.49
|
--
|
ROA
11.78
Higher than Peers by 0.71
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
11.78
|
10.70
|
10.05
|
5.52
|
10.93
|
|
Peer Median
|
11.07
|
10.67
|
12.33
|
10.93
|
--
|
EBIT Margin
14.06
Higher than Peers by 2.71
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
14.06
|
11.20
|
9.09
|
5.09
|
10.95
|
|
Peer Median
|
11.35
|
13.02
|
12.56
|
11.68
|
--
|
Net Margin
9.14
Lower than Peers by 1.16
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
9.14
|
8.34
|
7.86
|
4.53
|
8.95
|
|
Peer Median
|
10.29
|
10.79
|
10.13
|
8.95
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
--
|
11.77
|
11.52
|
8.10
|
12.79
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
13.60
Higher than Peers by 3.74
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
13.60
|
7.22
|
1.91
|
-2.43
|
19.36
|
|
Peer Median
|
9.86
|
13.87
|
10.99
|
26.03
|
--
|
EBIT Growth
46.11
Higher than Peers by 32.31
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
46.11
|
32.14
|
81.89
|
-54.63
|
-9.81
|
|
Peer Median
|
13.80
|
23.06
|
6.95
|
29.78
|
--
|
Net Profit Growth
27.75
Higher than Peers by 13.85
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
27.75
|
12.99
|
77.44
|
-50.65
|
-13.73
|
|
Peer Median
|
13.90
|
32.13
|
8.15
|
35.40
|
--
|
EPS Growth
23.11
Higher than Peers by 13.64
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
23.11
|
13.06
|
79.87
|
-51.34
|
-13.44
|
|
Peer Median
|
9.47
|
31.70
|
11.24
|
20.00
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
--
|
8.25
|
2.95
|
-4.27
|
4.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
--
|
0.00
|
0.02
|
0.06
|
0.06
|
|
Peer Median
|
--
|
0.07
|
0.03
|
0.03
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
--
|
0.00
|
0.01
|
0.05
|
0.05
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.97
Lower than Peers by 0.23
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
1.97
|
1.90
|
1.87
|
1.86
|
1.83
|
|
Peer Median
|
2.20
|
2.24
|
2.61
|
2.65
|
--
|
Quick Ratio
1.96
Lower than Peers by 0.20
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
1.96
|
1.89
|
1.87
|
1.85
|
1.83
|
|
Peer Median
|
2.16
|
2.34
|
3.04
|
2.66
|
--
|
Interest Coverage
21.24
Higher than Peers by 4.50
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
21.24
|
20.48
|
18.57
|
9.22
|
20.80
|
|
Peer Median
|
16.75
|
21.22
|
17.06
|
18.29
|
--
|
Operating Efficiency
Debtors to sales
22.98
Higher than Peers by 0.71
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
22.98
|
23.51
|
21.79
|
21.93
|
24.17
|
|
Peer Median
|
22.27
|
19.87
|
20.79
|
20.16
|
--
|
Asset Turnover
1.30
Higher than Peers by 0.32
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
1.30
|
1.27
|
1.25
|
1.20
|
1.20
|
|
Peer Median
|
0.97
|
1.10
|
1.16
|
1.28
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
--
|
80.00
|
79.04
|
85.23
|
84.98
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
--
|
0.46
|
0.26
|
0.21
|
0.22
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
31.79
Higher than Peers by 11.43
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
31.79
|
25.53
|
29.51
|
46.81
|
20.07
|
|
Peer Median
|
20.36
|
32.31
|
41.37
|
39.73
|
--
|
Price / Book Value
5.91
Higher than Peers by 3.21
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
5.91
|
4.18
|
4.62
|
4.19
|
3.52
|
|
Peer Median
|
2.70
|
4.55
|
6.34
|
4.65
|
--
|
Dividend Yield
2.85
Higher than Peers by 1.70
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
2.85
|
3.68
|
3.17
|
3.20
|
4.54
|
|
Peer Median
|
1.14
|
0.34
|
0.32
|
0.68
|
--
|
EV/EBITDA
16.74
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
16.74
|
12.99
|
15.53
|
19.76
|
10.77
|
|
Peer Median
|
--
|
23.12
|
28.75
|
19.68
|
--
|
Market Cap
1,75,672
Higher than Peers by 1,73,727
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
1,75,672
|
1,22,806
|
1,25,466
|
1,10,360
|
96,962
|
|
Peer Median
|
1,945
|
2,236
|
3,286
|
3,257
|
--
|