Indian markets opened on a tepid note Monday, with Tech Mahindra shares leading the decline among Nifty 50 stocks. At 09:25 am, the stock was trading at Rs 1,485.60 on the NSE, down 4.39% from the previous close.
Other notable losers on the Nifty 50 included TCS (down 2.5%), Apollo Hospital (down 0.63%), Dr Reddys Labs (down 0.62%), and Larsen (down 0.52%).
Here's an overview of Tech Mahindra's recent financial performance:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 13,005.50 Crore | Rs 13,313.22 Crore | Rs 13,285.60 Crore | Rs 13,384.00 Crore | Rs 13,351.20 Crore |
| Net Profit | Rs 862.20 Crore | Rs 1,256.88 Crore | Rs 982.20 Crore | Rs 1,143.10 Crore | Rs 1,128.30 Crore |
| EPS | 9.62 | 14.12 | 11.10 | 13.17 | 12.87 |
The revenue for Tech Mahindra has shown a fluctuating pattern over the last five quarters, with a slight increase from Rs 13,005.50 Crore in June 2024 to Rs 13,351.20 Crore in June 2025. The net profit also varied, peaking at Rs 1,256.88 Crore in September 2024.
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 37,855.10 Crore | Rs 44,646.00 Crore | Rs 53,290.20 Crore | Rs 51,995.50 Crore | Rs 52,988.30 Crore |
| Net Profit | Rs 4,351.80 Crore | Rs 5,627.30 Crore | Rs 4,886.00 Crore | Rs 2,386.30 Crore | Rs 4,244.40 Crore |
| EPS | 50.64 | 63.32 | 54.76 | 26.66 | 48.00 |
| BVPS | 288.78 | 311.99 | 322.65 | 307.56 | 309.24 |
| ROE | 17.81 | 20.70 | 17.30 | 8.84 | 15.53 |
| Debt to Equity | 0.07 | 0.06 | 0.06 | 0.06 | 0.02 |
The yearly revenue for Tech Mahindra has generally increased over the years, from Rs 37,855.10 Crore in 2021 to Rs 52,988.30 Crore in 2025. However, the net profit saw a dip in 2024 before recovering in 2025.
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | 52,988 | 51,995 | 53,290 | 44,646 | 37,855 |
| Other Income | 855 | 916 | 965 | 1,112 | 787 |
| Total Income | 53,843 | 52,912 | 54,255 | 45,758 | 38,642 |
| Total Expenditure | 47,877 | 49,306 | 47,455 | 38,146 | 32,516 |
| EBIT | 5,966 | 3,606 | 6,800 | 7,611 | 6,125 |
| Interest | 321 | 392 | 325 | 162 | 174 |
| Tax | 1,400 | 827 | 1,588 | 1,822 | 1,599 |
| Net Profit | 4,244 | 2,386 | 4,886 | 5,627 | 4,351 |
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | 13,351 | 13,384 | 13,285 | 13,313 | 13,005 |
| Other Income | 218 | 172 | 16 | 521 | 144 |
| Total Income | 13,569 | 13,556 | 13,302 | 13,834 | 13,150 |
| Total Expenditure | 11,874 | 12,006 | 11,935 | 12,032 | 11,903 |
| EBIT | 1,695 | 1,550 | 1,366 | 1,801 | 1,247 |
| Interest | 77 | 85 | 75 | 89 | 71 |
| Tax | 489 | 322 | 308 | 456 | 313 |
| Net Profit | 1,128 | 1,143 | 982 | 1,256 | 862 |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | 5,785 | 6,376 | 5,572 | 5,285 | 8,093 |
| Investing Activities | 11 | -1,313 | -278 | 481 | -5,450 |
| Financing Activities | -5,834 | -4,767 | -5,078 | -4,666 | -2,986 |
| Others | 8 | -4 | 52 | -1 | 16 |
| Net Cash Flow | -28 | 290 | 267 | 1,098 | -326 |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | 442 | 441 | 440 | 438 | 437 |
| Reserves & Surplus | 26,919 | 26,226 | 27,483 | 26,445 | 24,422 |
| Current Liabilities | 12,674 | 12,616 | 14,551 | 12,504 | 10,277 |
| Other Liabilities | 4,459 | 4,139 | 3,678 | 5,481 | 4,540 |
| Total Liabilities | 44,494 | 43,423 | 46,153 | 44,870 | 39,678 |
| Fixed Assets | 6,302 | 6,525 | 7,385 | 7,522 | 5,128 |
| Current Assets | 23,679 | 23,425 | 24,432 | 24,455 | 25,255 |
| Other Assets | 14,512 | 13,472 | 14,335 | 12,892 | 9,294 |
| Total Assets | 44,494 | 43,423 | 46,153 | 44,870 | 39,678 |
| Contingent Liabilities | 5,042 | 6,391 | 9,925 | 10,942 | 7,013 |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 100.56 | 62.50 | 56.97 | 73.42 | 10.74 |
| Diluted Eps (Rs.) | 100.56 | 62.50 | 56.97 | 73.42 | 10.74 |
| Book Value /Share (Rs.) | 571.09 | 509.08 | 454.19 | 408.74 | 333.96 |
| Dividend/Share (Rs.) | 19.00 | 16.00 | 15.00 | 11.75 | 3.00 |
| Face Value | 5 | 5 | 5 | 5 | 5 |
| Gross Profit Margin (%) | 14.78 | 13.10 | 12.88 | 15.43 | 11.19 |
| Operating Margin (%) | 11.30 | 9.49 | 9.17 | 11.33 | 5.76 |
| Net Profit Margin (%) | 6.75 | 4.81 | 5.34 | 7.50 | 1.28 |
| Return on Networth / Equity (%) | 17.60 | 12.95 | 13.21 | 18.77 | 3.26 |
| ROCE (%) | 15.32 | 14.97 | 13.73 | 15.38 | 6.49 |
| Return On Assets (%) | 6.99 | 5.36 | 5.67 | 8.00 | 1.31 |
| Current Ratio (X) | 1.54 | 1.13 | 1.30 | 1.73 | 1.79 |
| Quick Ratio (X) | 1.43 | 1.03 | 1.19 | 1.55 | 1.66 |
| Debt to Equity (x) | 0.64 | 0.46 | 0.44 | 0.47 | 0.54 |
| Interest Coverage Ratios (X) | 7.03 | 5.56 | 5.62 | 5.98 | 1.36 |
| Asset Turnover Ratio (%) | 1.17 | 1.22 | 0.54 | 0.56 | 92.49 |
| Inventory Turnover Ratio (X) | 46.34 | 0.00 | 0.00 | 0.00 | 42.32 |
| 3 Yr CAGR Sales (%) | 21.92 | 34.34 | 21.54 | 23.47 | 13.18 |
| 3 Yr CAGR Net Profit (%) | 15.63 | 159.67 | 42.87 | 135.11 | 51.40 |
| P/E (x) | 65.79 | 101.71 | 75.67 | 61.51 | 270.27 |
| P/B (x) | 11.60 | 13.17 | 10.00 | 11.55 | 9.07 |
| EV/EBITDA (x) | 30.91 | 37.63 | 30.02 | 29.51 | 36.97 |
| P/S (x) | 4.37 | 4.79 | 3.73 | 4.43 | 3.95 |
Tech Mahindra Limited has announced several corporate actions, including disclosures under Regulation 29(2) of SEBI (SAST) Regulations, 2011, regarding substantial acquisition of shares and takeovers. Additionally, there have been announcements related to newspaper publications under Regulation 30 (LODR) and a special window for re-lodgement of transfer requests of physical shares of the company.
Tech Mahindra has a history of distributing dividends to its shareholders. Here’s a summary of recent dividend announcements:
Tech Mahindra issued bonus shares on January 30, 2015, with a bonus ratio of 1:1.
Tech Mahindra underwent a stock split on January 30, 2015, where the face value changed from Rs 10 to Rs 5.
Moneycontrol analysis, as of September 15, 2025, suggests a bullish sentiment on the stock.
Tech Mahindra's stock is currently facing selling pressure, as reflected in its position among the top losers on the Nifty 50, with the stock trading at Rs 1,485.60.
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