Tech Mahindra Limited (TECHM) - Net Assets

Latest as of September 2025: Rs279.53 Billion INR ≈ $3.02 Billion USD

Based on the latest financial reports, Tech Mahindra Limited (TECHM) has net assets worth Rs279.53 Billion INR (≈ $3.02 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs458.28 Billion ≈ $4.96 Billion USD) and total liabilities (Rs178.75 Billion ≈ $1.93 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TECHM cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs279.53 Billion
% of Total Assets	60.99%
Annual Growth Rate	26.01%
5-Year Change	10.09%
10-Year Change	76.28%
Growth Volatility	29.12

Tech Mahindra Limited - Net Assets Trend (2005–2025)

This chart illustrates how Tech Mahindra Limited's net assets have evolved over time, based on quarterly financial data. Also explore TECHM asset base for the complete picture of this company's asset base.

Annual Net Assets for Tech Mahindra Limited (2005–2025)

The table below shows the annual net assets of Tech Mahindra Limited from 2005 to 2025. For live valuation and market cap data, see TECHM market cap.

Year	Net Assets	Change
2025-03-31	Rs277.92 Billion ≈ $3.01 Billion	+2.38%
2024-03-31	Rs271.47 Billion ≈ $2.94 Billion	-4.39%
2023-03-31	Rs283.95 Billion ≈ $3.07 Billion	+3.70%
2022-03-31	Rs273.81 Billion ≈ $2.96 Billion	+8.46%
2021-03-31	Rs252.44 Billion ≈ $2.73 Billion	+13.68%
2020-03-31	Rs222.06 Billion ≈ $2.40 Billion	+6.96%
2019-03-31	Rs207.62 Billion ≈ $2.25 Billion	+7.29%
2018-03-31	Rs193.52 Billion ≈ $2.09 Billion	+14.50%
2017-03-31	Rs169.01 Billion ≈ $1.83 Billion	+7.20%
2016-03-31	Rs157.66 Billion ≈ $1.71 Billion	+27.05%
2015-03-31	Rs124.09 Billion ≈ $1.34 Billion	+33.06%
2014-03-31	Rs93.26 Billion ≈ $1.01 Billion	+68.50%
2013-03-31	Rs55.34 Billion ≈ $598.54 Million	+36.62%
2012-03-31	Rs40.51 Billion ≈ $438.09 Million	+20.30%
2011-03-31	Rs33.67 Billion ≈ $364.16 Million	+16.10%
2010-03-31	Rs29.00 Billion ≈ $313.67 Million	+48.40%
2009-03-31	Rs19.54 Billion ≈ $211.36 Million	+54.12%
2008-03-31	Rs12.68 Billion ≈ $137.14 Million	+35.53%
2007-03-31	Rs9.36 Billion ≈ $101.19 Million	+54.54%
2006-03-31	Rs6.05 Billion ≈ $65.48 Million	+121.83%
2005-03-31	Rs2.73 Billion ≈ $29.52 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Tech Mahindra Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 23105100000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs231.05 Billion	84.44%
Common Stock	Rs4.89 Billion	1.79%
Other Comprehensive Income	Rs20.49 Billion	7.49%
Other Components	Rs17.18 Billion	6.28%
Total Equity	Rs273.62 Billion	100.00%

Tech Mahindra Limited Competitors by Market Cap

The table below lists competitors of Tech Mahindra Limited ranked by their market capitalization.

Company	Market Cap
Euronext N.V. PA:ENX	$14.11 Billion
H WORLD GROUP DL-00001 F:CL4	$14.13 Billion
Regal Beloit Corporation NYSE:RRX	$14.14 Billion
PayPay Corporation American Depository Shares NASDAQ:PAYP	$14.15 Billion
Kakao Corp KO:035720	$14.10 Billion
Bharat Petroleum Corporation Limited NSE:BPCL	$14.10 Billion
Power Construction Corp of China Ltd SHG:601669	$14.09 Billion
Guangdong Dtech Technology Co. Ltd. A SHE:301377	$14.08 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tech Mahindra Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 266,694,000,000 to 273,615,000,000, a change of 6,921,000,000 (2.6%).
Net income of 42,515,000,000 contributed positively to equity growth.
Dividend payments of 38,418,000,000 reduced retained earnings.
Share repurchases of 90,000,000 reduced equity.
New share issuances of 90,000,000 increased equity.
Other comprehensive income increased equity by 1,914,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs42.52 Billion	+15.54%
Dividends Paid	Rs38.42 Billion	-14.04%
Share Repurchases	Rs90.00 Million	-0.03%
Share Issuances	Rs90.00 Million	+0.03%
Other Comprehensive Income	Rs1.91 Billion	+0.7%
Other Changes	Rs910.00 Million	+0.33%
Total Change	Rs-	2.60%

Book Value vs Market Value Analysis

This analysis compares Tech Mahindra Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 4.78x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 109.35x to 4.78x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs13.48	Rs1473.50	x
2006-03-31	Rs12.24	Rs1473.50	x
2007-03-31	Rs17.60	Rs1473.50	x
2008-03-31	Rs24.04	Rs1473.50	x
2009-03-31	Rs37.74	Rs1473.50	x
2010-03-31	Rs55.34	Rs1473.50	x
2011-03-31	Rs64.17	Rs1473.50	x
2012-03-31	Rs76.65	Rs1473.50	x
2013-03-31	Rs101.83	Rs1473.50	x
2014-03-31	Rs96.07	Rs1473.50	x
2015-03-31	Rs124.62	Rs1473.50	x
2016-03-31	Rs164.36	Rs1473.50	x
2017-03-31	Rs184.92	Rs1473.50	x
2018-03-31	Rs211.57	Rs1473.50	x
2019-03-31	Rs225.24	Rs1473.50	x
2020-03-31	Rs248.00	Rs1473.50	x
2021-03-31	Rs281.85	Rs1473.50	x
2022-03-31	Rs303.39	Rs1473.50	x
2023-03-31	Rs315.24	Rs1473.50	x
2024-03-31	Rs300.60	Rs1473.50	x
2025-03-31	Rs308.34	Rs1473.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tech Mahindra Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 15.54%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.02%
• Asset Turnover: 1.19x
• Equity Multiplier: 1.63x
Recent ROE (15.54%) is below the historical average (26.78%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	16.64%	10.73%	1.41x	1.10x	Rs408.47 Million
2006	38.25%	18.44%	1.26x	1.64x	Rs1.74 Billion
2007	66.70%	20.86%	1.84x	1.73x	Rs5.21 Billion
2008	61.21%	20.43%	1.69x	1.77x	Rs6.44 Billion
2009	52.21%	22.72%	1.57x	1.46x	Rs8.20 Billion
2010	24.36%	15.20%	0.78x	2.04x	Rs4.15 Billion
2011	19.22%	12.53%	0.85x	1.80x	Rs3.09 Billion
2012	27.13%	20.02%	0.79x	1.71x	Rs6.94 Billion
2013	23.74%	18.74%	0.77x	1.66x	Rs7.45 Billion
2014	32.99%	16.08%	1.18x	1.74x	Rs21.11 Billion
2015	21.45%	11.62%	1.14x	1.62x	Rs14.03 Billion
2016	21.37%	11.77%	1.13x	1.61x	Rs16.59 Billion
2017	17.11%	9.65%	1.12x	1.59x	Rs11.69 Billion
2018	20.17%	12.35%	1.01x	1.62x	Rs19.16 Billion
2019	21.19%	12.37%	1.04x	1.65x	Rs22.69 Billion
2020	18.49%	10.94%	0.99x	1.71x	Rs18.52 Billion
2021	17.81%	11.70%	0.95x	1.60x	Rs19.41 Billion
2022	20.70%	12.47%	0.99x	1.67x	Rs28.78 Billion
2023	17.30%	9.07%	1.15x	1.65x	Rs20.39 Billion
2024	8.84%	4.53%	1.20x	1.63x	Rs-3.09 Billion
2025	15.54%	8.02%	1.19x	1.63x	Rs15.15 Billion

Industry Comparison

This section compares Tech Mahindra Limited's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

Industry: Information Technology Services
Average net assets among peers: $1,245,774,409
Average return on equity (ROE) among peers: 11.95%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tech Mahindra Limited (TECHM)	Rs279.53 Billion	16.64%	0.64x	$14.11 Billion
AAA Technologies Limited (AAATECH)	$253.85 Million	11.30%	0.09x	$13.80 Million
Accelya Solutions India Limited (ACCELYA)	$1.80 Billion	49.66%	0.42x	$187.02 Million
Adroit Infotech Limited (ADROITINFO)	$159.54 Million	-2.39%	0.01x	$5.85 Million
Airan Limited (AIRAN)	$188.59 Million	6.62%	0.62x	$22.15 Million
Alankit Limited (ALANKIT)	$3.75 Million	22.76%	4.62x	$27.04 Million
Bartronics India Limited (ASMS)	$664.69 Million	-75.68%	23.36x	$25.79 Million
BIRLASOFT LIMITED (BSOFT)	$1.42 Billion	22.91%	0.88x	$1.11 Billion
Computer Age Management Services Limited (CAMS)	$7.82 Billion	36.45%	0.40x	$1.98 Billion
Cigniti Technologies Limited (CIGNITITEC)	$115.76 Million	0.58%	0.23x	$351.04 Million
Cambridge Technology Enterprises Limited (CTE)	$29.18 Million	47.30%	0.49x	$6.93 Million

About Tech Mahindra Limited

NSE:TECHM India Information Technology Services

Market Cap

$14.11 Billion

Rs1.30 Trillion INR

Market Cap Rank

#1690 Global

#57 in India

Share Price

Rs1473.50

Change (1 day)

+0.94%

52-Week Range

Rs1331.70 - Rs1768.40

All Time High

Rs1796.40