Stocktoria
Tech Mahindra Limited TECHM.NS
IN · National Stock Exchange of India · XNSE · stock · Technology · website
Tech Mahindra Limited statistics & valuation
Market cap₹1.21T
P / E25.1×
P / S2.1×
P / B4.1×
P / FCF22.0×
Dividend yield3.34%
Net margin8.5%
Return on equity16.2%
FCF margin9.6%
Multiples are price-derived and refreshed daily; everything else is from filings.
P / E vs its own history
Tech Mahindra Limited trades at about 25.9× earnings — below its 10-year norm (10-year range 18.8×–47.5×, median 31.4×).
18.8×
47.5×
Shaded band = 10-year range (18.8×–47.5×); dot = today's 25.9×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Gross margin | 28.2% | 26.7% | 24.9% | 27.3% |
| Operating margin | 13.0% | 9.8% | 6.6% | 11.7% |
| Net margin | 8.5% | 8.0% | 4.5% | 9.1% |
| FCF margin | 9.6% | 9.8% | 10.7% | 8.6% |
| Return on assets | 9.7% | 9.6% | 5.4% | 10.5% |
| Return on equity | 16.2% | 15.5% | 8.8% | 17.3% |
| Debt / equity | — | 0.00× | 0.00× | 0.00× |
| Current ratio | 1.90 | 1.87 | 1.86 | 1.83 |
Source: company filings via Yahoo Finance · IN · as of 2026-03-31. Figures in INR; non-US fundamentals are aggregated by Yahoo (shorter history); facts plus Stocktoria's own computed scores — not investment advice.