Tech Mahindra (TECHM.NS) Financial Statements
Price: $1322
Market Cap: $1.29T
Avg Volume: 1.87M
Market Cap: $1.29T
Avg Volume: 1.87M
Country: IN
Industry: Information Technology Services
Sector: Technology
Industry: Information Technology Services
Sector: Technology
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Tech Mahindra.
Income Statement
| Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 | March 31, 2019 | March 31, 2018 | March 31, 2017 | March 31, 2016 | March 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $519.96B | $532.90B | $446.46B | $378.55B | $368.68B | $347.42B | $307.73B | $291.41B | $264.94B | $226.21B |
| Cost of Revenue | $388.66B | $276.92B | $241.11B | $209.36B | $197.06B | $181.52B | $169.76B | $161.56B | $140.45B | $116.75B |
| Gross Profit | $131.30B | $255.98B | $205.35B | $169.19B | $171.62B | $165.90B | $137.97B | $129.85B | $124.49B | $109.46B |
| Gross Profit Ratio | 25.25% | 48.04% | 46.00% | 44.69% | 46.55% | 47.75% | 44.83% | 44.56% | 46.99% | 48.39% |
| Research and Development Expenses | $- | $181.57M | $281.84M | $100.82M | $221.00M | $311.00M | $440.00M | $78.43M | $- | $- |
| General and Administrative Expenses | $18.78B | $17.83B | $16.26B | $15.76B | $14.97B | $14.28B | $11.96B | $11.94B | $10.60B | $8.64B |
| Selling and Marketing Expenses | $2.88B | $2.31B | $1.97B | $987.00M | $2.39B | $1.59B | $1.49B | $1.52B | $1.03B | $1.61B |
| Selling General and Administrative Expenses | $21.65B | $20.14B | $18.23B | $16.74B | $17.36B | $15.87B | $13.45B | $13.46B | $11.63B | $10.25B |
| Other Expenses | $109.64B | $9.65B | $1.85B | $1.30B | $2.50B | $386.00M | $1.43B | $608.00M | $1.10B | $803.00M |
| Operating Expenses | $131.30B | $195.26B | $139.72B | $112.69B | $127.33B | $112.16B | $100.07B | $94.59B | $88.45B | $73.24B |
| Cost and Expenses | $487.24B | $472.18B | $380.83B | $322.05B | $324.39B | $293.68B | $269.83B | $256.15B | $228.90B | $189.99B |
| Interest Income | $1.54B | $1.05B | $904.00M | $3.25B | $2.43B | $2.08B | $1.46B | $1.25B | $944.00M | $1.61B |
| Interest Expense | $3.92B | $3.26B | $1.41B | $1.47B | $1.92B | $1.33B | $1.62B | $844.00M | $537.00M | $299.00M |
| Depreciation and Amortization | $18.14B | $19.52B | $15.11B | $14.44B | $14.27B | $11.10B | $10.64B | $9.67B | $7.62B | $6.11B |
| EBITDA | $50.93B | $87.52B | $91.23B | $75.70B | $66.82B | $67.86B | $61.05B | $49.48B | $46.54B | $42.59B |
| EBITDA Ratio | 9.79% | 16.42% | 20.43% | 20.00% | 18.12% | 19.53% | 19.84% | 16.98% | 17.57% | 18.83% |
| Operating Income | $32.72B | $67.71B | $65.00B | $56.50B | $44.29B | $53.74B | $37.90B | $35.25B | $36.04B | $36.22B |
| Operating Income Ratio | 6.29% | 12.71% | 14.56% | 14.92% | 12.01% | 15.47% | 12.32% | 12.10% | 13.60% | 16.01% |
| Total Other Income Expenses Net | $-471.00M | $2.42B | $8.89B | $3.66B | $6.29B | $-97.00M | $10.89B | $3.24B | $3.19B | $-433.00M |
| Income Before Tax | $32.24B | $64.45B | $74.52B | $59.53B | $50.58B | $55.43B | $48.79B | $38.53B | $40.17B | $36.18B |
| Income Before Tax Ratio | 6.20% | 12.10% | 16.69% | 15.73% | 13.72% | 15.96% | 15.85% | 13.22% | 15.16% | 15.99% |
| Income Tax Expense | $8.28B | $15.88B | $18.22B | $16.00B | $11.60B | $12.54B | $10.93B | $10.02B | $8.60B | $9.60B |
| Net Income | $23.58B | $48.31B | $55.66B | $44.28B | $40.33B | $42.98B | $38.00B | $28.13B | $31.18B | $26.28B |
| Net Income Ratio | 4.53% | 9.07% | 12.47% | 11.70% | 10.94% | 12.37% | 12.35% | 9.65% | 11.77% | 11.62% |
| EPS | $26.66 | $54.76 | $63.32 | $50.64 | $46.21 | $48.47 | $43.02 | $32.14 | $34.51 | $27.46 |
| EPS Diluted | $26.58 | $54.54 | $62.81 | $50.19 | $45.85 | $47.72 | $42.66 | $31.64 | $33.71 | $26.74 |
| Weighted Average Shares Outstanding | 884.40M | 882.21M | 878.98M | 874.38M | 872.73M | 886.57M | 883.26M | 875.31M | 867.29M | 957.02M |
| Weighted Average Shares Outstanding Diluted | 887.20M | 885.80M | 886.16M | 882.19M | 879.57M | 900.58M | 890.63M | 888.89M | 887.72M | 982.85M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 | March 31, 2019 | March 31, 2018 | March 31, 2017 | March 31, 2016 | March 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $43.47B | $40.56B | $37.89B | $26.90B | $30.17B | $20.43B | $19.66B | $20.01B | $39.65B | $18.67B |
| Short Term Investments | $30.11B | $34.81B | $45.01B | $97.25B | $56.70B | $66.40B | $44.82B | $32.65B | $11.69B | $8.04B |
| Cash and Short Term Investments | $73.58B | $75.38B | $82.90B | $124.16B | $86.86B | $86.83B | $64.48B | $52.67B | $51.34B | $26.71B |
| Net Receivables | $129.73B | $145.72B | $131.54B | $98.71B | $115.98B | $100.85B | $89.96B | $74.65B | $80.14B | $71.21B |
| Inventory | $375.00M | $236.00M | $405.00M | $242.00M | $358.00M | $752.00M | $659.00M | $611.00M | $414.00M | $245.00M |
| Other Current Assets | $30.91B | $29.27B | $29.71B | $29.49B | $28.52B | $27.28B | $24.52B | $35.38B | $18.38B | $18.98B |
| Total Current Assets | $234.25B | $244.33B | $244.56B | $252.55B | $231.72B | $215.66B | $181.07B | $163.26B | $149.45B | $122.53B |
| Property Plant Equipment Net | $36.19B | $40.43B | $37.85B | $35.89B | $38.84B | $28.99B | $32.21B | $34.45B | $31.47B | $27.72B |
| Goodwill | $75.11B | $76.66B | $74.26B | $40.08B | $33.88B | $28.16B | $27.73B | $26.28B | $17.41B | $17.34B |
| Intangible Assets | $28.35B | $32.68B | $36.59B | $14.51B | $15.06B | $14.51B | $16.78B | $6.59B | $854.00M | $951.00M |
| Goodwill and Intangible Assets | $103.46B | $109.33B | $110.84B | $54.59B | $48.94B | $42.67B | $44.51B | $32.87B | $18.27B | $18.29B |
| Long Term Investments | $5.96B | $-25.45B | $-43.75B | $-91.19B | $-53.78B | $-58.05B | $-31.84B | $-29.89B | $1.01B | $4.39B |
| Tax Assets | $14.40B | $12.96B | $8.19B | $9.13B | $8.44B | $6.09B | $5.77B | $2.67B | $5.58B | $3.90B |
| Other Non-Current Assets | $39.99B | $79.92B | $91.02B | $135.81B | $99.37B | $99.10B | $72.66B | $57.30B | $29.30B | $21.66B |
| Total Non-Current Assets | $199.98B | $217.21B | $204.15B | $144.23B | $141.81B | $118.81B | $123.30B | $97.40B | $85.62B | $75.95B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $434.24B | $461.53B | $448.71B | $396.78B | $373.54B | $334.47B | $304.37B | $260.67B | $235.07B | $198.48B |
| Account Payables | $37.85B | $43.85B | $40.95B | $27.85B | $32.57B | $24.89B | $20.37B | $18.06B | $17.19B | $15.21B |
| Short Term Debt | $17.63B | $18.21B | $17.56B | $19.27B | $26.38B | $17.87B | $16.25B | $9.81B | $8.94B | $6.54B |
| Tax Payables | $12.89B | $15.40B | $10.44B | $11.14B | $10.21B | $10.18B | $9.38B | $8.25B | $6.92B | $- |
| Deferred Revenue | $13.07B | $51.34B | $58.08B | $43.79B | $38.32B | $49.08B | $37.06B | $30.49B | $37.81B | $30.48B |
| Other Current Liabilities | $44.72B | $44.49B | $45.42B | $37.77B | $33.83B | $44.24B | $27.41B | $22.45B | $20.77B | $17.16B |
| Total Current Liabilities | $126.17B | $133.21B | $125.05B | $115.08B | $121.56B | $115.62B | $91.47B | $76.23B | $81.88B | $69.39B |
| Long Term Debt | $7.73B | $9.19B | $8.62B | $9.73B | $10.33B | $2.09B | $7.71B | $3.85B | $1.97B | $460.00M |
| Deferred Revenue Non-Current | $253.00M | $9.65B | $15.38B | $9.21B | $10.07B | $2.07B | $2.12B | $5.22B | $35.00M | $24.00M |
| Deferred Tax Liabilities Non-Current | $2.75B | $3.26B | $4.55B | $761.00M | $356.00M | $11.00M | $58.00M | $95.00M | $5.31B | $4.10B |
| Other Non-Current Liabilities | $25.87B | $31.68B | $35.90B | $30.10B | $31.32B | $21.11B | $23.58B | $23.47B | $19.09B | $416.00M |
| Total Non-Current Liabilities | $36.60B | $44.38B | $49.85B | $29.26B | $29.91B | $11.23B | $19.38B | $15.42B | $7.51B | $5.00B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $162.77B | $177.59B | $174.90B | $144.34B | $151.47B | $126.85B | $110.85B | $91.65B | $89.39B | $74.39B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $4.88B | $4.40B | $4.39B | $4.37B | $4.36B | $4.44B | $4.42B | $4.39B | $4.84B | $4.80B |
| Retained Earnings | $227.68B | $238.60B | $225.20B | $202.87B | $184.61B | $176.19B | $153.92B | $128.44B | $100.07B | $72.94B |
| Accumulated Other Comprehensive Income Loss | $18.58B | $21.95B | $26.43B | $30.84B | $-70.87B | $-61.11B | $-59.60B | $-52.63B | $-36.93B | $-32.31B |
| Other Total Stockholders Equity | $15.55B | $14.29B | $12.84B | $10.57B | $9.21B | $7.61B | $23.79B | $21.39B | $19.24B | $29.16B |
| Total Stockholders Equity | $266.69B | $279.25B | $268.86B | $248.65B | $218.13B | $202.84B | $188.43B | $164.37B | $143.66B | $122.49B |
| Total Equity | $271.47B | $283.95B | $273.81B | $252.44B | $222.06B | $207.62B | $193.52B | $169.01B | $145.68B | $124.09B |
| Total Liabilities and Stockholders Equity | $434.24B | $461.53B | $448.71B | $396.78B | $373.54B | $334.47B | $304.37B | $260.67B | $235.07B | $198.48B |
| Minority Interest | $4.77B | $4.70B | $4.95B | $3.79B | $3.93B | $4.78B | $5.09B | $4.64B | $2.02B | $1.60B |
| Total Liabilities and Total Equity | $434.24B | $461.53B | $448.71B | $396.78B | $373.54B | $334.47B | $304.37B | $260.67B | $235.07B | $198.48B |
| Total Investments | $36.06B | $9.37B | $4.97B | $6.07B | $2.91B | $8.36B | $12.98B | $2.76B | $12.70B | $12.43B |
| Total Debt | $25.37B | $27.40B | $26.18B | $29.01B | $36.70B | $19.95B | $23.97B | $13.66B | $10.92B | $7.00B |
| Net Debt | $-18.10B | $-13.16B | $-11.71B | $2.10B | $6.54B | $-472.00M | $4.30B | $-6.35B | $-28.73B | $-11.66B |
Cash Flow Statement
| Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 | March 31, 2019 | March 31, 2018 | March 31, 2017 | March 31, 2016 | March 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $23.58B | $64.45B | $74.52B | $59.53B | $50.58B | $55.43B | $48.79B | $38.53B | $40.17B | $36.18B |
| Depreciation and Amortization | $18.17B | $19.57B | $15.20B | $14.58B | $14.46B | $11.29B | $10.85B | $9.78B | $7.62B | $6.11B |
| Deferred Income Tax | $- | $-12.03B | $-26.33B | $-10.95B | $-16.71B | $-12.06B | $-17.06B | $-14.75B | $-12.77B | $-10.76B |
| Stock Based Compensation | $792.00M | $861.00M | $905.00M | $1.33B | $1.39B | $1.26B | $887.00M | $1.35B | $1.61B | $2.27B |
| Change in Working Capital | $12.99B | $-18.45B | $-14.34B | $15.63B | $-5.22B | $-10.57B | $-7.83B | $5.44B | $-4.79B | $-8.50B |
| Accounts Receivables | $12.21B | $-17.84B | $-28.95B | $15.49B | $-23.35B | $-16.19B | $-10.44B | $-398.00M | $-8.80B | $-8.52B |
| Inventory | $- | $- | $- | $- | $13.59B | $16.19B | $- | $- | $- | $- |
| Accounts Payables | $-6.12B | $2.55B | $9.79B | $-6.20B | $18.13B | $5.62B | $- | $6.28B | $4.18B | $- |
| Other Working Capital | $6.90B | $-3.17B | $4.82B | $6.33B | $-13.59B | $-16.19B | $- | $-841.00M | $-8.80B | $- |
| Other Non Cash Items | $8.24B | $1.32B | $2.90B | $821.00M | $-907.00M | $-1.04B | $-100.00M | $366.00M | $297.00M | $-1.22B |
| Net Cash Provided by Operating Activities | $63.76B | $55.72B | $52.85B | $80.94B | $43.58B | $44.32B | $35.53B | $40.71B | $32.13B | $24.09B |
| Investments in Property Plant and Equipment | $-7.91B | $-10.15B | $-9.58B | $-6.66B | $-8.45B | $-8.05B | $-10.17B | $-7.68B | $-9.19B | $-11.23B |
| Acquisitions Net | $-6.95B | $-10.67B | $-45.89B | $-11.34B | $-4.68B | $-1.35B | $-11.06B | $-13.79B | $-250.00M | $-13.76B |
| Purchases of Investments | $-181.25B | $-216.35B | $-221.51B | $-302.03B | $-333.66B | $-310.44B | $-261.66B | $-238.01B | $-200.70B | $-68.20B |
| Sales Maturities of Investments | $180.96B | $232.25B | $278.76B | $262.03B | $354.08B | $296.62B | $245.15B | $227.44B | $193.72B | $63.73B |
| Other Investing Activities | $487.00M | $2.14B | $3.04B | $3.50B | $2.99B | $2.05B | $4.15B | $1.54B | $1.75B | $8.54B |
| Net Cash Used for Investing Activities | $-14.67B | $-2.79B | $4.82B | $-54.50B | $10.29B | $-21.16B | $-33.60B | $-30.51B | $-14.67B | $-20.92B |
| Debt Repayment | $-688.00M | $-1.59B | $-4.77B | $-7.95B | $1.93B | $-6.48B | $7.49B | $-2.55B | $-227.00M | $-5.74B |
| Common Stock Issued | $238.00M | $442.00M | $868.00M | $569.00M | $468.00M | $359.00M | $251.00M | $345.00M | $362.00M | $582.00M |
| Common Stock Repurchased | $- | $- | $- | $- | $-17.88B | $- | $- | $- | $- | $- |
| Dividends Paid | $-39.17B | $-42.63B | $-39.81B | $-17.59B | $-24.92B | $-14.91B | $-9.44B | $-12.39B | $-6.25B | $-5.50B |
| Other Financing Activities | $-8.05B | $-7.00B | $-2.95B | $-4.89B | $-4.26B | $-1.49B | $-993.00M | $-1.11B | $1.74B | $3.40B |
| Net Cash Used Provided by Financing Activities | $-47.67B | $-50.78B | $-46.67B | $-29.87B | $-44.66B | $-22.51B | $-2.69B | $-15.71B | $-5.65B | $-7.90B |
| Effect of Forex Changes on Cash | $-47.00M | $520.00M | $-17.00M | $169.00M | $528.00M | $122.00M | $404.00M | $1.61B | $66.00M | $2.27B |
| Net Change in Cash | $2.91B | $2.67B | $10.98B | $-3.26B | $9.74B | $766.00M | $-352.00M | $-3.89B | $11.88B | $-2.46B |
| Cash at End of Period | $43.47B | $40.56B | $37.89B | $26.90B | $30.17B | $20.43B | $19.66B | $20.05B | $23.93B | $12.06B |
| Cash at Beginning of Period | $40.56B | $37.89B | $26.90B | $30.17B | $20.43B | $19.66B | $20.01B | $23.94B | $12.06B | $14.52B |
| Operating Cash Flow | $63.76B | $55.72B | $52.85B | $80.94B | $43.58B | $44.32B | $35.53B | $40.71B | $32.13B | $24.09B |
| Capital Expenditure | $-7.91B | $-10.15B | $-9.58B | $-6.66B | $-8.45B | $-8.05B | $-10.17B | $-7.68B | $-9.19B | $-11.23B |
| Free Cash Flow | $55.85B | $45.57B | $43.27B | $74.28B | $35.13B | $36.27B | $25.37B | $33.03B | $22.94B | $12.86B |