TECHM · Software & Programming · INE669C01036
Analyst mean 2.43 · 40 analysts · 78% bullishWhat the numbers mean when read together — computed from the filings, not a score.
Operating cash flow is 120% of trailing profit — the earnings are converting to cash, not just accruals.
Last operating cash flow ₹6,172 cr against trailing net profit ₹5,163 cr. A ratio at or above ~0.9 means reported profit is showing up as real cash.
Both revenue and profit grew over the last year (11% and 14.3%) — growth is translating to the bottom line.
Trailing revenue ₹59,176 cr, trailing profit ₹5,163 cr. Profit growing at least as fast as revenue indicates operating leverage or pricing power.
Free cash flow is positive and consistent — the business funds itself after capex.
Latest free cash flow ₹5,626 cr. Negative in only 0 of 12 years. A self-funding business needs less external capital and dilutes less.
Borrowings have fallen 14% over two years — the balance sheet is getting lighter.
Borrowings down to ₹2,186 cr from ₹2,537 cr. Falling debt reduces finance cost and financial risk.
Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13,313 | 13,286 | 13,384 | 13,351 | 13,995 | 14,393 | 15,076 | 15,712 |
| Expenses | 11,563 | 11,477 | 11,545 | 11,416 | 11,830 | 12,028 | 12,511 | 12,974 |
| Other Income | 522 | 23 | 173 | 219 | 40 | -293 | -205 | -106 |
| Depreciation | 470 | 459 | 462 | 458 | 469 | 474 | 481 | 479 |
| Profit before tax | 1,714 | 1,297 | 1,464 | 1,618 | 1,659 | 1,505 | 1,791 | 2,042 |
| Net Profit | 1,258 | 989 | 1,142 | 1,129 | 1,202 | 1,119 | 1,356 | 1,486 |
| EPS | 12.78 | 10.05 | 11.92 | 11.65 | 12.19 | 11.45 | 13.82 | 14.95 |
| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 437 | 439 | 440 | 441 | 442 | 443 |
| Reserves | 24,428 | 26,447 | 27,484 | 26,228 | 26,919 | 29,173 |
| Borrowings | 2,901 | 2,618 | 2,740 | 2,537 | 2,025 | 2,186 |
| Fixed Assets | 9,018 | 14,784 | 14,932 | 13,903 | 13,982 | 14,864 |
| CWIP | 118 | 165 | 120 | 133 | 21 | 27 |
| Investments | 10,238 | 4,884 | 3,388 | 3,238 | 3,182 | 3,426 |
| Total Assets | 39,602 | 44,416 | 45,827 | 43,149 | 44,267 | 49,168 |