Tech Mahindra Key Ratios
NSE: TECHM | BSE: 532755
₹1,640.90
As on 28-Aug-2026IST
Market cap
₹1,60,350 Cr
Revenue (TTM)
₹59,176 Cr
P/E Ratio
31.2
P/B Ratio
5.2
Div. Yield
3.1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 4.22 | 17.68 | 10.95 | 3.26 | 8.73 |
| EBIT | 8.62 | 53.27 | 44.73 | 14.25 | 5.88 |
| Net Profit | 8.22 | 28.45 | 17.57 | 6.72 | 2.11 |
| EPS | 8.20 | 28.33 | 12.98 | 5.11 | 1.05 |
| 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 | 13.42 | 11.20 | 9.09 |
| Net Margin
| 6.91 | 8.39 | 8.78 | 8.34 | 7.86 |
| Return on equity
| 13.93 | 16.38 | 17.92 | 17.00 | 15.90 |
| Return on Capital
| 18.50 | 20.88 | -- | 23.04 | 20.43 |
| Return on Assets
| 8.76 | 10.16 | 11.01 | 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
|
--
|
24.70
|
22.93
|
24.14
|
24.63
|
ROE
17.92
Higher than Peers by 1.86
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
17.92
|
17.00
|
15.90
|
8.89
|
17.98
|
|
Peer Median
|
16.06
|
19.28
|
18.98
|
19.11
|
19.49
|
ROA
11.01
Lower than Peers by 0.00
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
11.01
|
10.70
|
10.05
|
5.52
|
10.93
|
|
Peer Median
|
11.02
|
11.57
|
10.67
|
12.33
|
10.93
|
EBIT Margin
13.42
Higher than Peers by 2.32
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
13.42
|
11.20
|
9.09
|
5.09
|
10.95
|
|
Peer Median
|
11.09
|
14.54
|
13.02
|
12.56
|
11.68
|
Net Margin
8.78
Lower than Peers by 1.32
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
8.78
|
8.34
|
7.86
|
4.53
|
8.95
|
|
Peer Median
|
10.10
|
10.82
|
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
10.95
Higher than Peers by 1.19
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
10.95
|
7.22
|
1.91
|
-2.43
|
19.36
|
|
Peer Median
|
9.77
|
18.95
|
13.87
|
10.99
|
26.03
|
EBIT Growth
44.73
Higher than Peers by 31.37
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
44.73
|
32.14
|
81.89
|
-54.63
|
-9.81
|
|
Peer Median
|
13.36
|
35.78
|
23.06
|
6.95
|
29.78
|
Net Profit Growth
17.57
Higher than Peers by 4.30
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
17.57
|
12.99
|
77.44
|
-50.65
|
-13.73
|
|
Peer Median
|
13.27
|
15.21
|
32.13
|
8.15
|
35.40
|
EPS Growth
12.98
Higher than Peers by 3.96
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
12.98
|
13.06
|
79.87
|
-51.34
|
-13.44
|
|
Peer Median
|
9.01
|
13.88
|
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
|
--
|
0.11
|
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
1.90
Lower than Peers by 0.26
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
1.90
|
1.90
|
1.87
|
1.86
|
1.83
|
|
Peer Median
|
2.16
|
2.16
|
2.24
|
2.61
|
2.65
|
Quick Ratio
1.89
Lower than Peers by 0.25
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
1.89
|
1.89
|
1.87
|
1.85
|
1.83
|
|
Peer Median
|
2.14
|
2.30
|
2.34
|
3.04
|
2.66
|
Interest Coverage
19.88
Higher than Peers by 2.98
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
19.88
|
20.48
|
18.57
|
9.22
|
20.80
|
|
Peer Median
|
16.91
|
17.28
|
21.22
|
17.06
|
18.29
|
Operating Efficiency
Debtors to sales
22.57
Higher than Peers by 0.51
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
22.57
|
23.51
|
21.79
|
21.93
|
24.17
|
|
Peer Median
|
22.06
|
22.94
|
19.87
|
20.79
|
20.16
|
Asset Turnover
1.26
Higher than Peers by 0.28
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
1.26
|
1.27
|
1.25
|
1.20
|
1.20
|
|
Peer Median
|
0.98
|
1.26
|
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
31.22
Higher than Peers by 6.72
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
|
31.22
|
25.53
|
29.51
|
46.81
|
20.07
|
|
Peer Median
|
24.51
|
26.54
|
32.31
|
41.37
|
39.73
|
Price / Book Value
5.19
Higher than Peers by 2.29
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
|
5.19
|
4.18
|
4.62
|
4.19
|
3.52
|
|
Peer Median
|
2.90
|
3.35
|
4.55
|
6.34
|
4.65
|
Dividend Yield
3.12
Higher than Peers by 2.33
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
|
3.12
|
3.68
|
3.17
|
3.20
|
4.54
|
|
Peer Median
|
0.79
|
0.13
|
0.34
|
0.32
|
0.68
|
EV/EBITDA
16.27
--
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
|
16.27
|
12.99
|
15.53
|
19.76
|
10.77
|
|
Peer Median
|
--
|
18.39
|
23.12
|
28.75
|
19.68
|
Market Cap
1,60,350
Higher than Peers by 1,58,091
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Tech Mahindra
|
1,60,350
|
1,22,806
|
1,25,466
|
1,10,360
|
96,962
|
|
Peer Median
|
2,258
|
1,790
|
2,236
|
3,286
|
3,257
|