TECHM · NSE
Tech Mahindra
Phase 4 · Capital Return
Profitable, cash-generative, and returning capital to shareholders through dividends.
Phase 1
Startup
Phase 2
Hyper Growth
Phase 3
Operating Leverage
Phase 4
Capital Return
Phase 5
Decline
Revenue growth (YoY)
7.2%
Mar 2026 vs Mar 2025
Net profit growth (YoY)
13.0%
Operating cash flow
₹6172 Cr
Mar 2026
Returning capital?
Yes
Last dividend ex-date 2026-07-02
Revenue, profit & operating cash flow
₹ crore, by fiscal year
RevenueNet profitOperating cash flowRevenue ends at ₹56815 Cr. Net profit ends at ₹4806 Cr. Operating cash flow ends at ₹6172 Cr.
Judge management on
Capital allocation — are dividends sized sensibly against free cash flow?
Key metric to watch
Free cash flow and the dividend payout ratio.
Typically valued on
Price/earnings and dividend yield.
| Fiscal year | Revenue | Net profit | Operating cash flow |
|---|---|---|---|
| Mar 2021 | ₹37855 Cr | ₹4353 Cr | ₹8094 Cr |
| Mar 2022 | ₹44646 Cr | ₹5630 Cr | ₹5285 Cr |
| Mar 2023 | ₹53290 Cr | ₹4857 Cr | ₹5572 Cr |
| Mar 2024 | ₹51996 Cr | ₹2397 Cr | ₹6376 Cr |
| Mar 2025 | ₹52988 Cr | ₹4253 Cr | ₹5786 Cr |
| Mar 2026 | ₹56815 Cr | ₹4806 Cr | ₹6172 Cr |
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