Tech Mahindra Limited (TECHM) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.113x

Based on the latest financial reports, Tech Mahindra Limited (TECHM) has a cash flow conversion efficiency ratio of 0.113x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs31.69 Billion ≈ $342.76 Million USD) by net assets (Rs279.53 Billion ≈ $3.02 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See TECHM net asset quality index to measure how much of total assets are equity-financed.

Tech Mahindra Limited - Cash Flow Conversion Efficiency Trend (2005–2026)

This chart illustrates how Tech Mahindra Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check TECHM cash flow quality score to evaluate the quality of earnings relative to operating cash generation.

Tech Mahindra Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Tech Mahindra Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
mBank SA WAR:MBK	-0.739x
ING Bank Śląski SA WAR:ING	0.906x
Yangtze Optical Fibre and Cable Joint Stock Ltd Co SHG:601869	0.097x
Annaly Capital Management, Inc. NYSE:NLY	-0.086x
Neste Oil Oyj HE:NESTE	0.028x
Wartsila Oyj Abp HE:WRT1V	0.166x
Invitation Homes Inc NYSE:INVH	0.013x
Mizrahi Tefahot TA:MZTF	0.036x

Annual Cash Flow Conversion Efficiency for Tech Mahindra Limited (2005–2026)

The table below shows the annual cash flow conversion efficiency of Tech Mahindra Limited from 2005 to 2026. For the full company profile with market capitalisation and key ratios, see TECHM market cap overview.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2026-03-31	Rs300.77 Billion ≈ $3.25 Billion	Rs61.72 Billion ≈ $667.48 Million	0.205x	-1.43%
2025-03-31	Rs277.92 Billion ≈ $3.01 Billion	Rs57.86 Billion ≈ $625.70 Million	0.208x	-11.37%
2024-03-31	Rs271.47 Billion ≈ $2.94 Billion	Rs63.76 Billion ≈ $689.58 Million	0.235x	+19.70%
2023-03-31	Rs283.95 Billion ≈ $3.07 Billion	Rs55.72 Billion ≈ $602.59 Million	0.196x	+1.66%
2022-03-31	Rs273.81 Billion ≈ $2.96 Billion	Rs52.85 Billion ≈ $571.59 Million	0.193x	-39.79%
2021-03-31	Rs252.44 Billion ≈ $2.73 Billion	Rs80.94 Billion ≈ $875.31 Million	0.321x	+63.37%
2020-03-31	Rs222.06 Billion ≈ $2.40 Billion	Rs43.58 Billion ≈ $471.31 Million	0.196x	-8.06%
2019-03-31	Rs207.62 Billion ≈ $2.25 Billion	Rs44.32 Billion ≈ $479.30 Million	0.213x	+16.25%
2018-03-31	Rs193.52 Billion ≈ $2.09 Billion	Rs35.53 Billion ≈ $384.30 Million	0.184x	-23.77%
2017-03-31	Rs169.01 Billion ≈ $1.83 Billion	Rs40.71 Billion ≈ $440.31 Million	0.241x	+18.20%
2016-03-31	Rs157.66 Billion ≈ $1.71 Billion	Rs32.13 Billion ≈ $347.50 Million	0.204x	+5.00%
2015-03-31	Rs124.09 Billion ≈ $1.34 Billion	Rs24.09 Billion ≈ $260.49 Million	0.194x	+13.64%
2014-03-31	Rs93.26 Billion ≈ $1.01 Billion	Rs15.93 Billion ≈ $172.27 Million	0.171x	+10.51%
2013-03-31	Rs55.34 Billion ≈ $598.54 Million	Rs8.55 Billion ≈ $92.51 Million	0.155x	-12.03%
2012-03-31	Rs40.51 Billion ≈ $438.09 Million	Rs7.12 Billion ≈ $76.97 Million	0.176x	+27.58%
2011-03-31	Rs33.67 Billion ≈ $364.16 Million	Rs4.64 Billion ≈ $50.15 Million	0.138x	-72.46%
2010-03-31	Rs29.00 Billion ≈ $313.67 Million	Rs14.50 Billion ≈ $156.84 Million	0.500x	-20.06%
2009-03-31	Rs19.54 Billion ≈ $211.36 Million	Rs12.22 Billion ≈ $132.21 Million	0.626x	+307.61%
2008-03-31	Rs12.68 Billion ≈ $137.14 Million	Rs1.95 Billion ≈ $21.05 Million	0.153x	+326.46%
2007-03-31	Rs9.36 Billion ≈ $101.19 Million	Rs336.69 Million ≈ $3.64 Million	0.036x	-83.57%
2006-03-31	Rs6.05 Billion ≈ $65.48 Million	Rs1.33 Billion ≈ $14.34 Million	0.219x	-75.16%
2005-03-31	Rs2.73 Billion ≈ $29.52 Million	Rs2.41 Billion ≈ $26.03 Million	0.882x	--

About Tech Mahindra Limited

NSE:TECHM India Information Technology Services

Market Cap

$15.82 Billion

Rs1.46 Trillion INR

Market Cap Rank

#1555 Global

#50 in India

Share Price

Rs1651.30

Change (1 day)

-1.06%

52-Week Range

Rs1331.70 - Rs1768.40

All Time High

Rs1796.40