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Tech Mahindra stock: key metrics
TECHM.NSTech Mahindra had an operating margin of 12.6% and a return on invested capital (ROIC) of 22.7% in fiscal 2026.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2007 | 100.0% | 23.6% | 20.9% |
| 2008 | 100.0% | 22.6% | 20.4% |
| 2009 | 100.0% | 25.4% | 22.7% |
| 2010 | 100.0% | 23.2% | 15.2% |
| 2011 | 100.0% | 33.3% | 12.5% |
| 2012 | 99.0% | 15.6% | 20.0% |
| 2013 | 33.2% | 18.3% | no data |
| 2014 | 34.4% | 22.7% | 16.1% |
| 2015 | 33.7% | 31.6% | 11.6% |
| 2016 | 32.7% | 30.5% | 11.8% |
| 2017 | 33.6% | 30.4% | 9.7% |
| 2018 | 32.2% | 30.0% | 12.3% |
| 2019 | 36.1% | 33.9% | 12.4% |
| 2020 | 34.2% | 32.9% | 10.9% |
| 2021 | 31.6% | 14.8% | 11.7% |
| 2022 | 29.8% | 14.7% | 12.5% |
| 2023 | 31.9% | 31.0% | 9.1% |
| 2024 | 29.7% | 28.6% | 4.5% |
| 2025 | 31.6% | 30.9% | 8.0% |
| 2026 | 35.6% | 12.6% | 8.5% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2007 | 66.7% | 69.9% | 38.5% |
| 2008 | 61.2% | 74.4% | 34.6% |
| 2009 | 52.2% | 77.7% | 35.7% |
| 2010 | 24.4% | 32.6% | 11.9% |
| 2011 | 19.2% | 29.2% | 10.7% |
| 2012 | 27.1% | 16.6% | 15.9% |
| 2013 | no data | 19.4% | no data |
| 2014 | 33.0% | 57.8% | 19.0% |
| 2015 | 21.5% | 69.9% | 13.2% |
| 2016 | 21.4% | 58.4% | 13.3% |
| 2017 | 17.1% | 54.0% | 10.8% |
| 2018 | 20.2% | 51.6% | 12.5% |
| 2019 | 21.2% | 61.9% | 12.8% |
| 2020 | 18.5% | 60.4% | 10.8% |
| 2021 | 17.8% | 24.9% | 11.2% |
| 2022 | 20.7% | 26.5% | 12.4% |
| 2023 | 17.3% | 54.2% | 10.5% |
| 2024 | 8.8% | 47.5% | 5.4% |
| 2025 | 15.5% | 54.5% | 9.6% |
| 2026 | 16.2% | 22.7% | 9.7% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 16 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.