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Tech Mahindra Limited

ISIN : INE669C01036
NSE : TECHM
BSE : 532755
Face Value : 5
Industry : IT - Software

EPS : 26.58
EPS (TTM) : 36.91
Price to Earning (P/E) : 53.36
Book Value : 298.72
Price to Bookvalue (P/B) : 4.75
Dividend Yield : 1 %
Return on Equity (ROE) : 8.89 %
Return on Capital Employed (ROCE) : 12.02 %

Tech Mahindra share price (02-Apr-2026)
National Stock Exchange NSE
Open / Close	0 - 0 NAN %
Low / High	0 - 0 NAN %
Trade Volume	0
52 Week Low / High	0 - 0 NAN %
Bombay Stock Exchange BSE
Open / Close	1399.15 - 1441.5 3 %
Low / High	1384.55 - 1446.95 4.5 %
Trade Volume	66,740
52 Week Low / High	1304.25 - 1850 41.8 %

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Consolidated Standalone

CONSOLIDATED QUARTERLY RESULT FOR TECH MAHINDRA LIMITED

Date End	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	127079	131295	137346	137182	131590	128639	131013	128713	130055	133132
Total Income	128300	134197	139818	140237	133507	131281	131888	132448	131502	138347
Total Expenditure	108278	111698	115906	119102	118210	119411	119549	117722	114410	115630
Other Income	1221	2902	2472	3055	1917	2642	875	3735	1447	5215
Operating Profit	20022	22499	23912	21135	15297	11870	12339	14726	17092	22717
Interest	403	790	1129	934	1197	975	1165	585	715	890
PBDT	19619	21709	22783	20201	14100	10895	11174	14141	16377	21827
Depreciation	4767	4917	4981	4902	4466	4657	4434	4614	4622	4698
Profit Before Tax	14852	16792	17802	15299	9634	6238	6740	9527	11755	17129
Tax	3380	3647	4859	3999	2676	1100	1551	2949	3133	4560
Profit After Tax	11472	13145	12943	11300	6958	5138	5189	6578	8622	12569
Net Profit	11472	13145	12943	11300	6958	5138	5189	6578	8622	12569
Equity Capital	4392	4395	4398	4400	4403	4407	4410	4413	4419	4421
Face Value (IN RS)	5	5	5	5	5	5	5	5	5	5
Calculated EPS	12.88	14.62	14.74	12.7	7.86	5.6	5.79	7.49	9.63	14.14
Diluted Eps After Extraordinary Items	12.78	14.52	14.64	12.62	7.82	5.57	5.76	7.45	9.6	14.1
Diluted Eps Before Extraordinary Items	12.78	14.52	14.64	12.62	7.82	5.57	5.76	7.45	9.6	14.1

STANDALONE QUARTERLY RESULT FOR TECH MAHINDRA LIMITED

Date End	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	99651	104798	109876	109385	106972	104397	105514	104110	106296	109386
Total Income	100837	112517	113562	110181	108982	109533	108166	106837	107530	118600
Total Expenditure	87268	95317	95927	98951	99106	101025	99999	97128	96778	99515
Other Income	1186	7719	3686	796	2010	5136	2652	2727	1234	9214
Operating Profit	13569	17200	17635	11230	9876	8508	8167	9709	10752	19085
Interest	251	343	585	569	543	577	753	591	506	651
PBDT	13318	16857	17050	10661	9333	7931	7414	9118	10246	18434
Depreciation	1860	1895	1952	2021	2047	2062	1996	2044	2023	2031
Profit Before Tax	11458	14962	15098	8640	7286	5869	5418	7074	8223	16403
Tax	2636	3343	3054	1873	1691	311	559	1800	1975	3465
Profit After Tax	8822	11619	12044	6767	5595	5558	4859	5274	6248	12938
Net Profit	8822	11619	12044	6767	5595	5558	4859	5274	6248	12938
Equity Capital	4863	4866	4869	4871	4874	4878	4881	4884	4890	4892
Face Value (IN RS)	5	5	5	5	5	5	5	5	5	5
Calculated EPS	9.07	11.94	12.37	6.95	5.74	5.7	4.98	5.4	6.39	13.22
Diluted Eps After Extraordinary Items	9	11.86	12.29	6.9	5.71	5.67	4.96	5.38	6.37	13.19
Diluted Eps Before Extraordinary Items	9	11.86	12.29	6.9	5.71	5.67	4.96	5.38	6.37	13.19

Consolidated Standalone

CONSOLIDATED ANNUAL RESULT FOR TECH MAHINDRA LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	446460	532902	519955
Total Income	457583	542552	529124
Total Expenditure	366260	454984	474892
Other Income	11123	9650	9169
Operating Profit	91323	87568	54232
Interest	1626	3256	3922
PBDT	89697	84312	50310
Depreciation	15204	19567	18171
Profit Before Tax	74493	64745	32139
Tax	18220	15885	8276
Profit After Tax	56273	48860	23863
Net Profit	56273	48860	23863
Equity Capital	4388	4400	4413
Face Value (IN RS)	5	5	5
Reserves	264469	274845	262281
Calculated EPS	63.42	54.9	26.71
Diluted Eps After Extraordinary Items	62.81	54.54	26.58
Diluted Eps Before Extraordinary Items	62.81	54.54	26.58

STANDALONE ANNUAL RESULT FOR TECH MAHINDRA LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	347261	426573	420993
Total Income	362489	437856	433518
Total Expenditure	292408	378878	397258
Other Income	15228	11283	12525
Operating Profit	70081	58978	36260
Interest	636	1808	2464
PBDT	69445	57170	33796
Depreciation	6599	8129	8149
Profit Before Tax	62846	49041	25647
Tax	13715	11266	4361
Profit After Tax	49131	37775	21286
Net Profit	49131	37775	21286
Equity Capital	4859	4871	4884
Face Value (IN RS)	5	5	5
Reserves	253633	247168	226821
Calculated EPS	50.56	38.78	21.79
Diluted Eps After Extraordinary Items	50.11	38.54	21.69
Diluted Eps Before Extraordinary Items	50.11	38.54	21.69

Consolidated Standalone

CONSOLIDATED PROFIT / LOSS FOR TECH MAHINDRA LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Operating Income	37855.1 Cr	44646 Cr	53290.2 Cr	51995.5 Cr
Software Services & Operating Revenues	37855.1 Cr	44646 Cr	53290.2 Cr	51995.5 Cr
Operating Income (Net)	37855.1 Cr	44646 Cr	53290.2 Cr	51995.5 Cr
Power & Fuel Cost	140.4 Cr	139.9 Cr	175.3 Cr	194.7 Cr
Electricity & Power	140.4 Cr	139.9 Cr	175.3 Cr	194.7 Cr
Employee Cost	19297.3 Cr	22285.9 Cr	27691.8 Cr	29128.3 Cr
Salaries, Wages & Bonus	17901.8 Cr	20515.4 Cr	25623 Cr	26914.3 Cr
Contributions to EPF & Pension Funds	1048.7 Cr	1325.2 Cr	1708.3 Cr	1858.7 Cr
Wheeling & Transmission Charges recoverable	102.8 Cr	113.7 Cr	127.5 Cr	130.7 Cr
Cost of Software developments	7906.1 Cr	10439 Cr	12665.4 Cr	11820.8 Cr
Technical sub-contractors	4974.3 Cr	6957.1 Cr	8000.2 Cr	6688.9 Cr
Operating Expenses	762.8 Cr	995.8 Cr	1165.9 Cr	1159.6 Cr
Repairs and Maintenance	521.6 Cr	543.9 Cr	620.9 Cr	741.7 Cr
General and Administration Expenses	2112.5 Cr	2240.2 Cr	2577.9 Cr	2786.7 Cr
Rates & Taxes	128 Cr	97.4 Cr	75.3 Cr	149.2 Cr
Insurance	475.2 Cr	544.8 Cr	673.4 Cr	666 Cr
Professional and legal fees	468.8 Cr	556.3 Cr	550 Cr	631.2 Cr
Selling and Marketing Expenses	98.7 Cr	196.9 Cr	230.7 Cr	287.6 Cr
Advertisement & Sales Promotion	98.7 Cr	196.9 Cr	230.7 Cr	287.6 Cr
Miscellaneous Expenses	741 Cr	358 Cr	991.4 Cr	2153.6 Cr
Bad debts /advances written off	198 Cr	63.3 Cr	177.5 Cr	274.8 Cr
Provision for doubtful debts	62.5 Cr	5.2 Cr	132.1 Cr	208.9 Cr
Loss on foreign exchange fluctuations	0	0	0	42.1 Cr
Total Expenditure	31058.8 Cr	36655.7 Cr	45498.4 Cr	47531.3 Cr
Other Income	787.1 Cr	1142 Cr	965 Cr	959 Cr
Interest Received	325.4 Cr	90.4 Cr	105 Cr	154 Cr
Dividend Received	20 Lk	9.1 Cr	2.8 Cr	2.8 Cr
Profit on sale of Fixed Assets	1.4 Cr	6.3 Cr	4.2 Cr	2.5 Cr
Profits on sale of Investments	73 Cr	0	0	0
Provision Written Back	0	29.7 Cr	0	0
Foreign Exchange Gains	97.5 Cr	563.3 Cr	299 Cr	0
Operating Profit	7583.4 Cr	9132.3 Cr	8756.8 Cr	5423.2 Cr
Interest	174 Cr	162.6 Cr	325.6 Cr	392.2 Cr
Bank Charges etc	0	0	0	341.1 Cr
PBDT	7409.4 Cr	8969.7 Cr	8431.2 Cr	5031 Cr
Depreciation	1457.7 Cr	1520.4 Cr	1956.7 Cr	1817.1 Cr
Profit Before Taxation & Exceptional Items	5951.7 Cr	7449.3 Cr	6474.5 Cr	3213.9 Cr
Profit Before Tax	5951.7 Cr	7449.3 Cr	6445.5 Cr	3224.4 Cr
Provision for Tax	1599.9 Cr	1822 Cr	1588.5 Cr	827.6 Cr
Current Income Tax	1811.5 Cr	1742.1 Cr	1951.4 Cr	1048 Cr
Deferred Tax	-211.6 Cr	79.9 Cr	-362.9 Cr	-220.4 Cr
Profit After Tax	4351.8 Cr	5627.3 Cr	4857 Cr	2396.8 Cr
Minority Interest	75 Cr	-64 Cr	-25.7 Cr	-39 Cr
Share of Associate	1.2 Cr	2.8 Cr	0	0
Consolidated Net Profit	4428 Cr	5566.1 Cr	4831.3 Cr	2357.8 Cr
Profit Balance B/F	18460.8 Cr	20287 Cr	22520.4 Cr	23860.4 Cr
Appropriations	22888.8 Cr	25853.1 Cr	27351.7 Cr	26218.2 Cr
Equity Dividend %	900	900	1000	800
Earnings Per Share	50.66	63.42	54.9	26.71
Adjusted EPS	50.66	63.42	54.9	26.71

STANDALONE PROFIT / LOSS FOR TECH MAHINDRA LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Operating Income	29640.9 Cr	34726.1 Cr	42657.3 Cr	42099.3 Cr
Software Services & Operating Revenues	29640.9 Cr	34726.1 Cr	42657.3 Cr	42099.3 Cr
Operating Income (Net)	29640.9 Cr	34726.1 Cr	42657.3 Cr	42099.3 Cr
Power & Fuel Cost	95.5 Cr	90.3 Cr	116.1 Cr	132.4 Cr
Electricity & Power	95.5 Cr	90.3 Cr	116.1 Cr	132.4 Cr
Employee Cost	9162.6 Cr	11054.2 Cr	14969.3 Cr	16082.3 Cr
Salaries, Wages & Bonus	8548.1 Cr	10207.3 Cr	14019.6 Cr	15024 Cr
Contributions to EPF & Pension Funds	422.9 Cr	556.7 Cr	725.8 Cr	818.7 Cr
Wheeling & Transmission Charges recoverable	13.2 Cr	25.9 Cr	43.7 Cr	51.3 Cr
Cost of Software developments	12904 Cr	15771.3 Cr	19413.9 Cr	19450.3 Cr
Technical sub-contractors	11320.6 Cr	13858.8 Cr	17036.8 Cr	16688.6 Cr
Operating Expenses	492.2 Cr	660.7 Cr	816.4 Cr	870.7 Cr
Repairs and Maintenance	370 Cr	391.7 Cr	426.9 Cr	561.3 Cr
General and Administration Expenses	998.8 Cr	987 Cr	1356.3 Cr	1406.3 Cr
Rates & Taxes	55.4 Cr	51 Cr	40.3 Cr	119.5 Cr
Insurance	173.4 Cr	188 Cr	272.5 Cr	298.8 Cr
Professional and legal fees	232.2 Cr	237.1 Cr	318.4 Cr	268.8 Cr
Selling and Marketing Expenses	40.6 Cr	100.9 Cr	126.4 Cr	142.2 Cr
Advertisement & Sales Promotion	40.6 Cr	100.9 Cr	126.4 Cr	142.2 Cr
Miscellaneous Expenses	616.9 Cr	737.3 Cr	1089.4 Cr	1641.6 Cr
Bad debts /advances written off	85.8 Cr	47.1 Cr	156.5 Cr	240.4 Cr
Provision for doubtful debts	250.5 Cr	0	149.5 Cr	119.1 Cr
Total Expenditure	24310.6 Cr	29401.7 Cr	37887.8 Cr	39725.8 Cr
Other Income	921.8 Cr	1683.7 Cr	1128.3 Cr	1252.5 Cr
Interest Received	303.6 Cr	78.3 Cr	84.8 Cr	117.1 Cr
Dividend Received	290.5 Cr	562.1 Cr	462.9 Cr	609.6 Cr
Profit on sale of Fixed Assets	2.9 Cr	4.2 Cr	2 Cr	-3.2 Cr
Provision Written Back	0	160.9 Cr	0	0
Foreign Exchange Gains	85.6 Cr	563.7 Cr	329.7 Cr	199.9 Cr
Operating Profit	6252.1 Cr	7008.1 Cr	5897.8 Cr	3626 Cr
Interest	63.2 Cr	63.6 Cr	180.8 Cr	246.4 Cr
Bank Charges etc	0	0	0	222.6 Cr
PBDT	6188.9 Cr	6944.5 Cr	5717 Cr	3379.6 Cr
Depreciation	662.3 Cr	659.9 Cr	812.9 Cr	814.9 Cr
Profit Before Taxation & Exceptional Items	5526.6 Cr	6284.6 Cr	4904.1 Cr	2564.7 Cr
Profit Before Tax	5526.6 Cr	6284.6 Cr	4904.1 Cr	2564.7 Cr
Provision for Tax	1287.5 Cr	1371.5 Cr	1126.6 Cr	436.1 Cr
Current Income Tax	1360.4 Cr	1240.9 Cr	1202.7 Cr	622.9 Cr
Deferred Tax	-72.9 Cr	130.6 Cr	-76.1 Cr	-186.8 Cr
Profit After Tax	4239.1 Cr	4913.1 Cr	3777.5 Cr	2128.6 Cr
Consolidated Net Profit	4239.1 Cr	4913.1 Cr	3777.5 Cr	2128.6 Cr
Profit Balance B/F	18402.1 Cr	20087.4 Cr	21609 Cr	21446.2 Cr
Appropriations	22641.2 Cr	25000.5 Cr	25386.5 Cr	23574.8 Cr
Equity Dividend %	900	900	1000	800
Earnings Per Share	43.78	50.56	38.78	21.79
Adjusted EPS	43.78	50.56	38.78	21.79

Consolidated Standalone

CONSOLIDATED CASH FLOW FOR TECH MAHINDRA LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	5952.9 Cr	7452.1 Cr	6445.5 Cr	3224.4 Cr
Adjustment	1992 Cr	1581.2 Cr	2964.7 Cr	3100.2 Cr
Changes In working Capital	1563.5 Cr	-1434.3 Cr	-1845.1 Cr	1298.7 Cr
Cash Flow after changes in Working Capital	9508.4 Cr	7599 Cr	7565.1 Cr	7623.3 Cr
Cash Flow from Operating Activities	8093.8 Cr	5285.3 Cr	5572 Cr	6376.4 Cr
Cash Flow from Investing Activities	-5450.1 Cr	481.5 Cr	-278.5 Cr	-1313.7 Cr
Cash Flow from Financing Activitie	-2986.9 Cr	-4666.6 Cr	-5078.1 Cr	-4767.2 Cr
Net Cash Inflow / Outflow	-343.2 Cr	1100.2 Cr	215.4 Cr	295.5 Cr
Opening Cash & Cash Equivalents	3016.7 Cr	2690.4 Cr	3788.9 Cr	4056.3 Cr
Effect of Foreign Exchange Fluctuations	16.9 Cr	-1.7 Cr	52 Cr	-4.7 Cr
Closing Cash & Cash Equivalent	2690.4 Cr	3788.9 Cr	4056.3 Cr	4347.1 Cr

STANDALONE CASH FLOW FOR TECH MAHINDRA LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	5526.6 Cr	6284.6 Cr	4904.1 Cr	2564.7 Cr
Adjustment	822.7 Cr	204.9 Cr	1478.6 Cr	1477.4 Cr
Changes In working Capital	1415.1 Cr	-1781.2 Cr	-839.4 Cr	1726.8 Cr
Cash Flow after changes in Working Capital	7764.4 Cr	4708.3 Cr	5543.3 Cr	5768.9 Cr
Cash Flow from Operating Activities	6851.9 Cr	2969.4 Cr	4102.1 Cr	5005.3 Cr
Cash Flow from Investing Activities	-5620.8 Cr	1672.2 Cr	676.8 Cr	47.2 Cr
Cash Flow from Financing Activitie	-2066.1 Cr	-4457.1 Cr	-4991.5 Cr	-4727.3 Cr
Net Cash Inflow / Outflow	-835 Cr	184.5 Cr	-212.6 Cr	325.2 Cr
Opening Cash & Cash Equivalents	1803.8 Cr	988 Cr	1249.5 Cr	1094 Cr
Effect of Foreign Exchange Fluctuations	19.2 Cr	21.9 Cr	57.1 Cr	-4 Cr
Closing Cash & Cash Equivalent	988 Cr	1194.4 Cr	1094 Cr	1415.2 Cr

Consolidated Standalone

CONSOLIDATED BALANCE SHEET FOR TECH MAHINDRA LIMITED

Consolidated Standalone

FINANCIAL RATIOS (CONSOLIDATED) FOR TECH MAHINDRA LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	50.66	63.42	54.9	26.71
CEPS(Rs)	66.47	81.45	77.43	47.74
DPS(Rs)	45	45	50	40
Book NAV/Share(Rs)	279.11	301.7	312.96	298.72
Tax Rate(%)	26.88	24.46	24.65	25.67
Margin Ratios
Core EBITDA Margin(%)	17.95	17.9	14.62	8.59
EBIT Margin(%)	16.18	17.05	12.71	6.96
Pre Tax Margin(%)	15.72	16.69	12.1	6.2
PAT Margin (%)	11.5	12.6	9.11	4.61
Cash Profit Margin (%)	15.35	16.01	12.79	8.1
Performance Ratios
ROA(%)	11.56	13.59	10.93	5.52
ROE(%)	19.01	22.12	17.98	8.89
ROCE(%)	22.98	26.48	22.41	12.02
Asset Turnover(x)	1.01	1.08	1.2	1.2
Sales/Fixed Asset(x)	2.08	2.01	1.99	1.86
Working Capital/Sales(x)	2.53	3.74	4.8	4.81
Efficiency Ratios
Fixed Capital/Sales(x)	0.48	0.5	0.5	0.54
Receivable days	67.74	85.7	84.98	85.23
Inventory Days	0.29	0.26	0.22	0.21
Payable days	49.59	0	0	0
Valuation Parameters
PER(x)	19.57	23.64	20.07	46.81
PCE(x)	14.91	18.41	14.23	26.19
Price/Book(x)	3.55	4.97	3.52	4.19
Yield(%)	4.54	3	4.54	3.2
EV/Net Sales(x)	2.26	2.89	1.77	2.06
EV/Core EBITDA(x)	11.27	14.15	10.77	19.76
EV/EBIT(x)	13.96	16.97	13.92	29.63
EV/CE(x)	2.21	2.93	2.1	3.64
M Cap / Sales	2.29	2.95	1.82	2.12
Growth Ratio
Net Sales Growth(%)	2.68	17.94	19.36	-2.43
Core EBITDA Growth(%)	13.17	20.42	-4.11	-38.07
EBIT Growth(%)	16.56	24.26	-11.08	-46.59
PAT Growth(%)	11.5	29.31	-13.73	-50.65
EPS Growth(%)	9.52	25.19	-13.44	-51.34
Financial Stability Ratios
Total Debt/Equity(x)	0.07	0.06	0.06	0.06
Current Ratio(x)	2.46	1.96	1.83	1.86
Quick Ratio(x)	2.45	1.95	1.83	1.85
Interest Cover(x)	35.21	46.81	20.8	9.22
Total Debt/Mcap(x)	0.02	0.01	0.01	0.01

FINANCIAL RATIOS (STANDALONE) FOR TECH MAHINDRA LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	43.78	50.56	38.78	21.79
CEPS(Rs)	50.62	57.35	47.12	30.13
DPS(Rs)	45	45	50	40
Book NAV/Share(Rs)	253.65	261.84	254.79	234.1
Tax Rate(%)	23.3	21.82	22.97	17
Margin Ratios
Core EBITDA Margin(%)	17.98	15.33	11.18	5.64
EBIT Margin(%)	18.86	18.28	11.92	6.68
Pre Tax Margin(%)	18.65	18.1	11.5	6.09
PAT Margin (%)	14.3	14.15	8.86	5.06
Cash Profit Margin (%)	16.54	16.05	10.76	6.99
Performance Ratios
ROA(%)	13.49	14.51	10.66	6.11
ROE(%)	18.26	19.65	14.92	8.93
ROCE(%)	22.47	23.81	18.88	11.06
Asset Turnover(x)	0.94	1.03	1.2	1.21
Sales/Fixed Asset(x)	3.55	4.04	4.21	4
Working Capital/Sales(x)	2.11	3.36	4.75	5.3
Efficiency Ratios
Fixed Capital/Sales(x)	0.28	0.25	0.24	0.25
Receivable days	69.97	88.84	86.65	85.78
Payable days	86.79	0	0	0
Valuation Parameters
PER(x)	22.64	29.66	28.42	57.38
PCE(x)	19.58	26.14	23.38	41.49
Price/Book(x)	3.91	5.73	4.32	5.34
Yield(%)	4.54	3	4.54	3.2
EV/Net Sales(x)	3.2	4.16	2.49	2.87
EV/Core EBITDA(x)	15.18	20.6	18	33.26
EV/EBIT(x)	16.98	22.75	20.87	42.91
EV/CE(x)	2.88	4.15	2.98	4.94
M Cap / Sales	3.24	4.2	2.52	2.9
Growth Ratio
Net Sales Growth(%)	1.42	17.16	19.28	-1.31
Core EBITDA Growth(%)	3.06	12.09	-18.52	-38.52
EBIT Growth(%)	3.54	13.57	-21.75	-44.72
PAT Growth(%)	-6.51	15.9	-24.8	-43.65
EPS Growth(%)	-6.75	15.47	-24.99	-43.8
Financial Stability Ratios
Current Ratio(x)	3.36	2.56	2.07	1.9
Quick Ratio(x)	3.36	2.56	2.07	1.9
Interest Cover(x)	88.45	99.81	28.12	11.41

SHARE HOLDING PATTERN FOR TECH MAHINDRA LIMITED

Date	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters %	35.21	35.19	35.17	35.15	35.13	35.11	35.08	35.06	35.02	35.00
FII %	30.43	28.20	27.95	26.87	25.69	26.22	24.58	24.15	23.27	23.67
DII %	0.11	0.11	0.10	0.08	0.18	0.47	0.43	0.47	0.31	0.32
Public %	13.43	12.80	12.95	12.10	12.13	11.44	11.23	11.17	10.85	10.24

PEER COMPARISON FOR TECH MAHINDRA LIMITED

No.	Name
1	Infosys Limited
2	Rolta India Limited
3	SILVERLINE TECHNOLOGIES LTD
4	Tata Elxsi Limited
5	Zensar Technologies Limited
6	Genesys International Corporation Limited
7	Wipro Limited
8	CRANES SOFTWARE INTERNATIONAL LTD
9	SECUREKLOUD TECHNOLOGIES LIMITED
10	DiGiSPICE Technologies Limited
11	Mindteck (India) Limited
12	R. S. Software (India) Limited
13	ELNET TECHNOLOGIES LTD
14	Onward Technologies Limited
15	Trigyn Technologies Limited
16	Kellton Tech Solutions Limited
17	Mastek Limited
18	MphasiS Limited
19	63 moons technologies limited
20	DION GLOBAL SOLUTIONS LTD
21	DOT COM GLOBAL LTD
22	ARCHANA SOFTWARE LTD
23	INFO-DRIVE SOFTWARE LTD
24	Nucleus Software Exports Limited
25	AION-TECH SOLUTIONS LIMITED
26	Adroit Infotech Limited
27	Cybertech Systems And Software Limited
28	Cyient Limited
29	Sonata Software Limited
30	Accelya Solutions India Limited
31	HCL Technologies Limited
32	SOFTWARE TECHNOLOGY GROUP INTERNATIONAL LTD
33	Intense Technologies Limited
34	CURA TECHNOLOGIES LTD
35	IZMO Limited
36	Subex Limited
37	Dynacons Systems & Solutions Limited
38	Brightcom Group Limited
39	Ramco Systems Limited
40	California Software Company Limited
41	AXISCADES Technologies Limited
42	Usha Martin Education & Solutions Limited
43	BIRLASOFT LIMITED
44	Megasoft Limited
45	Visesh Infotecnics Limited
46	Oracle Financial Services Software Limited
47	Palred Technologies Limited
48	Datamatics Global Services Limited
49	Tata Consultancy Services Limited
50	Coforge Limited

CORPORATE ACTIONS FOR TECH MAHINDRA

Exchange Date	Purpose	Book Closure Dates
BSE 31-Oct-2024	Dividend - Rs.15.0000 per share(300%)Interim Dividend
BSE 14-Oct-2024	Board Meeting - Quarterly Results & Interim Dividend	19-Oct-2024
BSE 01-Oct-2024	Board Meeting - Quarterly Results	19-Oct-2024
BSE 28-Jun-2024	Board Meeting - Quarterly Results	25-Jul-2024
BSE 25-Apr-2024	Book Closure - Rs.28.0000 per share(560%)Final Dividend & A.G.M.	20-Jul-2024 26-Jul-2024
BSE 25-Apr-2024	AGM - Rs.28.0000 per share(560%)Final Dividend & A.G.M.	26-Jul-2024 26-Jul-2024
BSE 25-Apr-2024	Dividend - Rs.28.0000 per share(560%)Final Dividend
BSE 28-Mar-2024	Board Meeting - Final Dividend & Audited Results	25-Apr-2024
BSE 22-Feb-2024	SAST - Acquisition of 100% stake in Orchid Cybertech Services Inc. ("OCSI")
BSE 27-Dec-2023	Board Meeting - Quarterly Results & Audited Results	24-Jan-2024
BSE 20-Nov-2023	SAST - Signing of Collaboration Deed to form a Joint Venture with TONOMUS.
BSE 02-Nov-2023	Dividend - Interim Dividend
BSE 18-Sep-2023	Board Meeting - Quarterly Results & Audited Results	25-Oct-2023
BSE 30-Jun-2023	Board Meeting - Audited Results	26-Jul-2023
BSE 27-Apr-2023	Book Closure - Rs.32.0000 per share(640%)Final Dividend & A.G.M.	22-Jul-2023 27-Jul-2023
BSE 27-Apr-2023	AGM - Rs.32.0000 per share(640%)Final Dividend & A.G.M.	27-Jul-2023 27-Jul-2023
BSE 27-Apr-2023	Dividend - Rs.32.0000 per share(640%)Final Dividend
BSE 05-Apr-2023	Board Meeting - Final Dividend & Audited Results	27-Apr-2023
BSE 09-Jan-2023	Board Meeting - Quarterly Results	30-Jan-2023
BSE 09-Nov-2022	Dividend - Interim Dividend
BSE 25-Oct-2022	SAST - Approval of proposal for acquisition of 26% stake in Upendra Singh Multi Transmission Private Limited.
BSE 07-Oct-2022	Board Meeting - Audited Results	01-Nov-2022
BSE 11-Aug-2022	SAST - Proposal for acquisition of remaining shareholding in Tech Mahindra South Africa (Pty) Limited ('Tech Mahindra SA') and Tech Mahindra Holdco Pty Ltd bothsubsidiaries of the Company.
BSE 14-Jul-2022	Board Meeting - Quarterly Results	25-Jul-2022
BSE 13-May-2022	Book Closure - 09/08/2022 Equity Rs.15.0000 per share(300%)Special Dividend 09/08/2022 & Rs.15.0000 per share(300%)Final Dividend	23-Jul-2022 26-Jul-2022
BSE 13-May-2022	AGM - 09/08/2022 Equity Rs.15.0000 per share(300%)Special Dividend 09/08/2022 & Rs.15.0000 per share(300%)Final Dividend	26-Jul-2022 26-Jul-2022
BSE 13-May-2022	Dividend - Rs.15.0000 per share(300%)Special Dividend
BSE 26-Apr-2022	Board Meeting - Dividend & Audited Results	13-May-2022
BSE 14-Mar-2022	SAST - Approval of proposal for acquisition of 100% stake in Thirdware Solutions Limited.
BSE 24-Jan-2022	Board Meeting - Quarterly Results	01-Feb-2022

CORPORATE ANNOUNCEMENTS FOR TECH MAHINDRA

Exchange Date	Category File	Description
BSE 31-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Newspaper Publication Newspaper Publication of Postal Ballot Notice and other related information under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
BSE 30-Oct-2024	Intimation FILE	Shareholder Meeting / Postal Ballot-Notice of Postal Ballot Please find the Postal Ballot Notice under Regulations 30 of SEBI LODR
BSE 23-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Earnings Call Transcript Transcript of earnings conference call for the quarter ended 30th September 2024
BSE 20-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Newspaper Publication Intimation for newspaper publication of Financial Results
BSE 19-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome Audio recordings of earnings conference call for the quarter ended 30th September 2024 - Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015
BSE 19-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Change in Management Intimation for Change in Management- Disclosure under Regulation 30 of SEBI (LODR) Regulations 2015.
BSE 19-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Change in Management Change in Management- Disclosure under Regulation 30 of SEBI (LODR) Regulations 2015.
BSE 19-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS Pursuant to provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you about the resolution passed by the Securities Allotment Committee of the Board of Directors of the Company on 19 October 2024 for allotment of 88 354 equity shares of Rs. 5/- each of the Company to the applicants.
BSE 19-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Investor Presentation Investor Presentation
BSE 19-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Dividend Updates Interim Dividend approved by the Board at its meeting held on 19th October 2024
BSE 19-Oct-2024	Intimation FILE	Record Date For The Interim Dividend Is 1St November 2024 Record date for the interim dividend is 1st November 2024
BSE 19-Oct-2024	Outcome FILE	Corporate Action-Board approves Dividend Dividend approved by the Board at its meeting
BSE 19-Oct-2024	Outcome FILE	Board Meeting Outcome for Outcome Of Board Meeting Dated 19Th Oct 2024 Outcome of Board Meeting dated 19th Oct 2024
BSE 19-Oct-2024	Outcome FILE	Results For The Quarter And Half Year Ended 30Th September 2024 Results for the quarter and half year ended 30th September 2024
BSE 16-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Intimation of schedule of Investor Interactions with Tech Mahindras Leadership -Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.
BSE 14-Oct-2024	Intimation FILE	Corporate Action-Board to consider Dividend Prior Intimation to consider the proposal for payment of Interim Dividend for the Financial Year 2024-25
BSE 14-Oct-2024	Intimation FILE	Update on board meeting TECH MAHINDRA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/10/2024 inter alia to consider and approve Prior Intimation To Consider The Proposal For Payment Of InterimDividend For The Financial Year 2024-25
BSE 04-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation for issue of Duplicate Share Certificate
BSE 03-Oct-2024	General Announcements FILE	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 Please find enclosed the certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories Participants) Regulations 2018
BSE 01-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation for Loss of Share Certificates
BSE 30-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Intimation of Schedule of Earning Conference Call and Press Release under Regulation 30 of SEBI (LODR) Regulations 2015
BSE 30-Sep-2024	Intimation FILE	Closure of Trading Window Please find enclosed the Intimation for Trading Window Closure.
BSE 30-Sep-2024	Intimation FILE	Board Meeting Intimation for Board Meeting Intimation For Prior Intimation Of Board Meeting Pursuant To Regulation 29(1) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 TECH MAHINDRA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/10/2024 inter alia to consider and approve Board Meeting Intimation for Prior Intimation Of Board Meeting Pursuant To Regulation 29(1) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015
BSE 27-Sep-2024	General Announcements FILE	Incorporation Of Step-Down Subsidiary Refer detailed disclosure on incorporation of step-down subsidiary of the Company under regulation 30 of SEBI LODR attached
BSE 25-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Change in Directorate Please find enclosed the details for Change in Directorate-Intimation under Regulation 30 of the SEBI (Listing Obligations & disclosure Requirements)Regulation 2015.
BSE 24-Sep-2024	General FILE	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011 The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 for Mitsubishi UFJ Financial Group & PACs
BSE 16-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you about the resolution passed by the Securities Allotment Committee of the Board of Directors of the Company on September 16 2024 for allotment of 1 37 178 equity shares of Rs. 5/- each of the Company to the applicants.
BSE 13-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Restructuring Intimation of Plan of Merger of wholly-owned subsidiary under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.
BSE 12-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Please find enclosed the intimation of Schedule of Investor interaction under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.
BSE 01-Sep-2024	General Announcements FILE	Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

INSIDER TRADING FOR TECH MAHINDRA

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
BSE 02-Sep-2021 02-Sep-2021	Sell Market	400 @ 0.00 (0.00 %)	Sushant Tamhankar
BSE 07-Sep-2021 07-Sep-2021	Sell Market	2,500 @ 0.00 (0.00 %)	Amitava Ghosh
BSE 07-Sep-2021 07-Sep-2021	Sell Market	4,500 @ 0.00 (0.00 %)	Pravat Kumar Rath
BSE 31-Aug-2021 31-Aug-2021	Sell Market	1,200 @ 0.00 (0.00 %)	Ashok Sugganahalli
BSE 06-Sep-2021 06-Sep-2021	Sell Market	2,000 @ 0.00 (0.00 %)	Basanta Kumar Mishra
BSE 01-Sep-2021 01-Sep-2021	Sell Market	1,000 @ 0.00 (0.00 %)	Habeeb Mahaboob Chandanaparambil
BSE 06-Sep-2021 06-Sep-2021	Sell Market	1,000 @ 0.00 (0.00 %)	Sharat Kumarjiguda
BSE 31-Aug-2021 31-Aug-2021	Sell Market	3,000 @ 0.00 (0.00 %)	Shresth Shrivastav
BSE 23-Aug-2021 23-Aug-2021	Sell Market	4,800 @ 0.00 (0.00 %)	Jeffrey Ferdinands
BSE 31-Aug-2021 31-Aug-2021	Sell Market	3,000 @ 0.00 (0.00 %)	Shresth vastav
BSE 24-Aug-2021 24-Aug-2021	Sell Market	500 @ 0.00 (0.00 %)	Vishwanath Kini
BSE 27-Aug-2021 27-Aug-2021	Buy ESOP	24,600 @ 0.00 (0.00 %)	Lakshmanan Chidambaram
BSE 25-Aug-2021 27-Aug-2021	Sell Market	600 @ 0.00 (0.00 %)	Biplab Chakraborty
BSE 25-Aug-2021 25-Aug-2021	Sell Market	200 @ 0.00 (0.00 %)	Krishna Gopal
BSE 24-Aug-2021 24-Aug-2021	Sell Market	600 @ 0.00 (0.00 %)	Krishna Gopal
BSE 31-Aug-2021 31-Aug-2021	Sell Market	1,000 @ 0.00 (0.00 %)	Kshitij Kumar
BSE 23-Aug-2021 23-Aug-2021	Sell Market	400 @ 0.00 (0.00 %)	Krishna Gopal
BSE 31-Aug-2021 31-Aug-2021	Sell Market	2,400 @ 0.00 (0.00 %)	Vikas Gupta
BSE 27-Aug-2021 27-Aug-2021	Buy ESOP	2,400 @ 0.00 (0.00 %)	Vikas Gupta
BSE 27-Aug-2021 27-Aug-2021	Sell Market	5,000 @ 0.00 (0.00 %)	Simmi Dhamija
BSE 27-Aug-2021 27-Aug-2021	Buy ESOP	9,000 @ 0.00 (0.00 %)	Basanta Kumar Mishra
BSE 24-Aug-2021 24-Aug-2021	Sell Market	500 @ 0.00 (0.00 %)	Ashok Sugganahalli
BSE 24-Aug-2021 24-Aug-2021	Sell Market	500 @ 0.00 (0.00 %)	Sachin Saraf
BSE 26-Aug-2021 26-Aug-2021	Sell Market	300 @ 0.00 (0.00 %)	Ashok Sugganahalli
BSE 27-Aug-2021 27-Aug-2021	Buy ESOP	1,000 @ 0.00 (0.00 %)	Kshitij Kumar
BSE 27-Aug-2021 27-Aug-2021	Buy ESOP	3,000 @ 0.00 (0.00 %)	Sharat Kumarjiguda

BULK BLOCK DEALS FOR TECH MAHINDRA LIMITED

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
BSE 20-Oct-2023	Buy BLOCK	212,443 @ 1170.70	NORTHERN LIGHTS FUND TRUST III RONDURE NEW WORLD FUND
BSE 20-Oct-2023	Sell BLOCK	212,443 @ 1170.70	RONDURE NEW WORLD FUND
BSE 17-Oct-2022	Sell BLOCK	755,045 @ 1019.85	ISHARES CORE EMERGING MARKETS MAURITIUS CO
BSE 17-Oct-2022	Buy BLOCK	755,045 @ 1019.85	ISHARES CORE MSCI EMERGING MARKETS ETF
BSE 11-Oct-2022	Sell BLOCK	738,321 @ 1029.35	ISHARES CORE EMERGING MARKETS MAURITIUS CO
BSE 11-Oct-2022	Buy BLOCK	738,321 @ 1029.35	ISHARES CORE MSCI EMERGING MARKETS ETF
BSE 19-Sep-2022	Sell BLOCK	502,197 @ 1033.20	ISHARES CORE EMERGING MARKETS MAURITIUS CO
BSE 19-Sep-2022	Buy BLOCK	502,197 @ 1033.20	ISHARES CORE MSCI EMERGING MARKETS ETF
BSE 01-Aug-2022	Sell BLOCK	688,292 @ 1048.65	ISHARES INDIA INDEX MAURITIUS COMPANY
BSE 01-Aug-2022	Buy BLOCK	688,292 @ 1048.65	ISHARES MSCI INDIA ETF
BSE 01-Aug-2022	Buy BLOCK	98,858 @ 1048.65	MERRILL LYNCH DEVELOPING CAPITAL MARKET FUND INC
BSE 01-Aug-2022	Sell BLOCK	98,858 @ 1048.65	MERRILL LYNCH DEVELOPING CAPITAL MARKET FUND INC
BSE 18-Jul-2022	Buy BLOCK	98,858 @ 973.80	ISHARES INDIA 50 ETF
BSE 18-Jul-2022	Sell BLOCK	692,429 @ 973.80	ISHARES INDIA INDEX MAURITIUS COMPANY
BSE 18-Jul-2022	Sell BLOCK	98,858 @ 973.80	ISHARES INDIA MAURITIUS CO
BSE 18-Jul-2022	Buy BLOCK	692,429 @ 973.80	ISHARES MSCI INDIA ETF
BSE 04-May-2022	Buy BLOCK	698,515 @ 1231.20	ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF
BSE 04-May-2022	Sell BLOCK	698,515 @ 1231.20	ISHARES CORE TOTAL INTERNATIONAL STOCK MAURITIUS CO
BSE 08-Dec-2021	Sell BLOCK	68,879 @ 1576.65	ISHARES BSE SENSEX MAURITIUS COMPANY
BSE 08-Dec-2021	Buy BLOCK	68,879 @ 1576.65	ISHARES CORE SP BSE SENSEX INDIA INDEX ETF
BSE 20-Oct-2021	Sell BLOCK	580,664 @ 1539.10	ISHARES EMERGING MARKETS INDEX MAURITIUS CO
BSE 20-Oct-2021	Buy BLOCK	580,664 @ 1539.10	ISHARES MSCI EMERGING MARKETS ETF
BSE 11-Oct-2021	Sell BLOCK	580,664 @ 1439.95	ISHARES EMERGING MARKETS INDEX MAURITIUS CO
BSE 11-Oct-2021	Buy BLOCK	580,664 @ 1439.95	ISHARES MSCI EMERGING MARKETS ETF
BSE 23-Sep-2021	Sell BLOCK	591,036 @ 1513.60	ISHARES EMERGING MARKETS INDEX MAURITIUS CO
BSE 23-Sep-2021	Buy BLOCK	591,036 @ 1513.60	ISHARES MSCI EMERGING MARKETS ETF
BSE 31-Aug-2021	Buy BLOCK	345,775 @ 1419.20	TEACHER RETIREMENT SYSTEM OF TEXAS
BSE 31-Aug-2021	Sell BLOCK	98,156 @ 1419.20	TEACHER RETIREMENT SYSTEM OF TEXAS
BSE 31-Aug-2021	Sell BLOCK	247,619 @ 1419.20	TEACHER RETIREMENT SYSTEM OF TEXAS

DIVIDEND BY TECH MAHINDRA LIMITED

Ex Dividend Date	Dividend Type	Dividend
31-Oct-2024	INTERIM DIVIDEND	15
19-Jul-2024	DIVIDEND	28
02-Nov-2023	INTERIM DIVIDEND	12
21-Jul-2023	DIVIDEND	32
09-Nov-2022	SPECIAL DIVIDEND	18
21-Jul-2022	DIVIDEND	15
21-Jul-2022	SPECIAL DIVIDEND	15
02-Nov-2021	SPECIAL DIVIDEND	15
23-Jul-2021	DIVIDEND	15
23-Jul-2021	SPECIAL DIVIDEND	15
29-Oct-2020	SPECIAL DIVIDEND	15