Tech Mahindra Ltd
About
Tech Mahindra, a subsidiary of the Mahindra Group, is one of India’s leading IT services and consulting companies. The company provides a wide rang of services such as data analytics, cloud consulting and digital supply chain management. With a presence in 90+ countries, Tech Mahindra serves 1100 global clients including multiple Fortune 500 companies. The company has 170 offices spread across 5 continents employing a workforce of over 150,000 associates. In addition to its traditional business offerings, Tech Mahindra has launched several initiatives. In 2024, the company introduced the Indus Project- a language model aimed at preserving the diverse languages and dialects of India. To promote chess among the coming generations, Tech Mahindra also organises the Global Chess League in partnership with FIDE, the international regulatory body for the sport.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 52923 -2.5% | 54255 18.6% | 45761 18.4% | 38643 1.5% | 38060 7.9% | 35276 9.6% | 32190 7.6% | 29916 11.1% | 26936 18.5% | 22728 19.2% | 19064 180.4% | 6798 21.7% | 5588 6.1% | 5269 12.1% | 4701 4.5% | 4499 - |
| Net Operating Income (INR Cr) | 51996 -2.43% | 53290 19.36% | 44646 17.94% | 37855 2.68% | 36868 6.12% | 34742 12.90% | 30773 5.60% | 29141 9.99% | 26494 17.12% | 22621 20.13% | 18831 173.99% | 6873 25.20% | 5490 6.80% | 5140 11.13% | 4625 3.60% | 4465 18.55% |
| Profit (INR Cr) | 2358 -51.2% | 4831 -13.2% | 5566 25.7% | 4428 9.8% | 4033 -6.2% | 4298 13.1% | 3800 35.1% | 2813 -6.0% | 2993 13.9% | 2628 -13.2% | 3029 135.2% | 1288 17.6% | 1096 70.1% | 644 -8.0% | 701 -31.0% | 1015 - |
| Assets (INR Cr) | 32296 -5.9% | 34327 2.0% | 33667 7.7% | 31252 7.7% | 29030 16.6% | 24902 3.2% | 24140 16.9% | 20645 16.1% | 17783 20.2% | 14794 26.4% | 11709 59.4% | 7347 26.8% | 5796 13.0% | 5128 1.8% | 5035 157.6% | 1954 - |
| Net Worth (INR Cr) | 26669 -4.5% | 27925 3.9% | 26886 8.1% | 24865 14.0% | 21813 7.5% | 20284 7.7% | 18843 14.6% | 16437 12.7% | 14591 19.1% | 12249 33.4% | 9182 69.2% | 5426 33.9% | 4051 20.9% | 3351 16.1% | 2887 48.5% | 1943 54.6% |
| Employee Cost (INR Cr) | 29128 5.2% | 27692 24.3% | 22286 15.5% | 19297 2.6% | 18810 7.4% | 17508 5.3% | 16624 7.6% | 15454 10.8% | 13948 17.1% | 11914 22.4% | 9736 165.1% | 3672 27.5% | 2880 19.4% | 2412 16.1% | 2077 11.7% | 1860 - |
| Interest Cost (INR Cr) | 392 | 326 | 163 | 174 | 192 | 133 | 162 | 129 | 97 | 69 | 80 | 103 | 103 | 111 | 218 | 3 |
| Cash & Bank Balance (INR Cr) | 4736 | 4255 | 3975 | 2835 | 3148 | 2359 | 3044 | 3219 | 4018 | 2405 | 3315 | 536 | 242 | 267 | 219 | 538 |
| Total Debt (INR Cr) | 2537 | 2740 | 2618 | 2901 | 3671 | 1996 | 2397 | 1366 | 1091 | 700 | 363 | 1380 | 1127 | 1223 | 2135 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 4.5% | 8.9% | 12.2% | 11.5% | 10.6% | 12.2% | 11.8% | 9.4% | 11.1% | 11.6% | 15.9% | 18.9% | 19.6% | 12.2% | 14.9% | 22.6% |
| Profit As % Of Assets | 7.3% | 14.1% | 16.5% | 14.2% | 13.9% | 17.3% | 15.7% | 13.6% | 16.8% | 17.8% | 25.9% | 17.5% | 18.9% | 12.6% | 13.9% | 51.9% |
| Profit As % Of Networth | 8.8% | 17.3% | 20.7% | 17.8% | 18.5% | 21.2% | 20.2% | 17.1% | 20.5% | 21.5% | 33.0% | 23.7% | 27.0% | 19.2% | 24.3% | 52.2% |
| Interest Cost to EBITDA % | 8.7% | 4.2% | 2.0% | 2.6% | 3.5% | 2.1% | 3.5% | 3.1% | 2.3% | 1.7% | 1.9% | 7.6% | 12.1% | 11.1% | 19.4% | 0.2% |
| Debt to Equity Ratio | 0.10 | 0.10 | 0.10 | 0.12 | 0.17 | 0.10 | 0.13 | 0.08 | 0.07 | 0.06 | 0.04 | 0.25 | 0.28 | 0.36 | 0.74 | - |
| RONW | 8.8% | 17.7% | 21.8% | 18.7% | 18.5% | 21.9% | 21.5% | 18.4% | 22.6% | 24.8% | 41.9% | 15.7% | 14.6% | 34.2% | 29.0% | 63.0% |
| ROCE | 11.0% | 20.2% | 23.8% | 20.6% | 19.8% | 23.6% | 23.0% | 21.1% | 24.5% | 28.2% | 41.4% | 16.6% | 14.4% | 27.6% | 30.5% | 69.8% |