Tech Mahindra (NSE:TECHM) EBIT: ₹69,105 Mil (TTM As of Mar. 2026)


NSE:TECHM Tech Mahindra Ltd NSE:TECHM
78 GF Score
Price ₹1,437.10
GF Value ₹1,562.07
Valuation Fairly Valued
! 3 Warning Signs
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What is Tech Mahindra EBIT?

Tech Mahindra NSE:TECHM -1.68% 78 EBIT is ₹69,105 Mil as of Mar. 2026. GuruFocus rates NSE:TECHM with a GF Score™ of 78/100 and a GF Value™ of ₹1,562.07 (Fairly Valued). The stock has 3 warning signs investors should review.

Tech Mahindra's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹18,794 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹69,105 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tech Mahindra's annualized ROC % for the quarter that ended in Mar. 2026 was 19.17%. Tech Mahindra's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 169.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tech Mahindra's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.69%.


Tech Mahindra  (NSE:TECHM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Tech Mahindra's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=83368 * ( 1 - 24.25% )/( (0 + 329366)/ 1 )
=63151.26/329366
=19.17 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Tech Mahindra's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=75176/( ( (0 + max(0, 0)) + (44331 + max(-23432, 0)) )/ 1 )
=75176/( ( 0 + 44331 )/ 1 )
=75176/44331
=169.58 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(75369 + 1042 + 39158) - (80073 + 0 + 58928)
=-23432

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Tech Mahindra's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=69105/1214839.649
=5.69 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tech Mahindra EBIT Related Terms


Tech Mahindra EBIT Historical Data

* Premium members only.

The historical data trend for Tech Mahindra's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tech Mahindra EBIT Chart

Tech Mahindra Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76,147.00 67,711.00 36,166.00 59,749.00 69,105.00

Tech Mahindra Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15,495.00 16,959.00 17,365.00 15,987.00 18,794.00

NSE:TECHM vs IBM, ACN, FISV: EBIT Comparison

For the Information Technology Services subindustry, Tech Mahindra's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tech Mahindra EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Tech Mahindra's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tech Mahindra's EV-to-EBIT falls into.


NSE:TECHM
78GF Score
Tech Mahindra Ltd NSE:TECHM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Tech Mahindra EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹69,105 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹69,105 Mil mean?
Tech Mahindra (NSE:TECHM) has a EBIT of ₹69,105 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tech Mahindra.
Is Tech Mahindra's EBIT too high?
Tech Mahindra's current EBIT is ₹69,105 Mil. Overall, Tech Mahindra has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tech Mahindra's EBIT compare to IBM and ACN?
Tech Mahindra's EBIT of ₹69,105 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Software company?
A good EBIT depends on the Software industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tech Mahindra. Tech Mahindra's current EBIT is ₹69,105 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tech Mahindra stock overvalued right now?
Based on GuruFocus' analysis, Tech Mahindra (NSE:TECHM) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,562.07, compared to a current price of ₹1,437.10 — trading 8% below its estimated fair value. The current EBIT is ₹69,105 Mil. Tech Mahindra's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Tech Mahindra (NSE:TECHM), the current EBIT is ₹69,105 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tech Mahindra (NSE:TECHM) Overvalued in 2026?

Based on GuruFocus' analysis, Tech Mahindra stock appears to be undervalued. The current stock price of ₹1,437.10 is trading 8% below its estimated GF Value™ of ₹1,562.07. GuruFocus considers Tech Mahindra to be Fairly Valued.

Key valuation signals for NSE:TECHM:

  • EBIT: ₹69,105 Mil
  • GF Value™: ₹1,562.07 vs. price of ₹1,437.10 (8% below fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the NSE:TECHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tech Mahindra Business Description

Other Exchanges 532755:India
Address Plot No. 1, Phase III, Rajiv Gandhi Infotech Park, Hinjewadi, Pune, MH, IND, 411 057
Tech Mahindra Ltd is an IT services and consulting company in India. It offers a variety of technology solutions and services in addition to business process services. Its segments are Information Technology and Business Process Services. The technology solutions include helping companies engage in cloud software, mobile solutions, network services, cybersecurity, and a variety of other options. The business process service is offered across various industries including telecom, financial services, retail, energy, hospitality, high-tech, agriculture, and food beverage. The company generates the majority of its revenue from Communications & Media & Entertainment Industry. Geographically the company generates the majority of its revenue from the Americas.
78GF Score

Get the complete analysis for NSE:TECHM

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,437.10
Price
₹1,562.07
GF Value