Tech Mahindra Limited (NSE:TECHM)

Tech Mahindra Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Operating Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	48,109	42,515	23,578	48,313	55,661
Depreciation & Amortization	17,908	16,297	16,804	17,785	13,706
Other Amortization	908	2,232	1,367	1,782	1,498
Loss (Gain) From Sale of Assets	-76	-4,536	-25	-42	-63
Asset Writedown & Restructuring Costs	-	273	4,582	2,370	-
Loss (Gain) From Sale of Investments	-1,539	-1,304	-1,492	-1,052	-2,583
Loss (Gain) on Equity Investments	15	-86	-105	290	-28
Stock-Based Compensation	963	686	792	861	905
Provision & Write-off of Bad Debts	1,110	2,639	4,836	3,096	388
Other Operating Activities	9,194	1,803	-6,263	768	-2,288
Change in Accounts Receivable	-16,549	-3,899	12,207	-17,836	-28,951
Change in Accounts Payable	5,166	6,299	-6,120	2,552	9,785
Change in Unearned Revenue	3,911	-1,492	1,806	215	3,776
Change in Other Net Operating Assets	-7,400	-3,570	11,797	-3,382	1,047
Operating Cash Flow	61,720	57,857	63,764	55,720	52,853
Operating Cash Flow Growth	6.68%	-9.26%	14.44%	5.42%	-34.70%

Investing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-6,957	-5,935	-7,911	-10,152	-9,584
Sale of Property, Plant & Equipment	1,496	1,106	534	460	1,231
Cash Acquisitions	-899	-1,620	-7,488	-10,672	-46,613
Divestitures	142	-	-	-	725
Investment in Securities	623	3,768	-290	15,896	57,243
Other Investing Activities	1,503	2,449	2,018	1,683	1,813
Investing Cash Flow	-4,092	-232	-13,137	-2,785	4,815

Financing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Long-Term Debt Issued	-	80	-	658	621
Total Debt Issued	-	80	-	658	621
Short-Term Debt Repaid	-4,338	-10,506	-425	-1,931	-2,030
Long-Term Debt Repaid	-4,638	-5,675	-4,808	-4,747	-5,388
Total Debt Repaid	-8,976	-16,181	-5,233	-6,678	-7,418
Net Debt Issued (Repaid)	-8,976	-16,101	-5,233	-6,020	-6,797
Issuance of Common Stock	9	90	238	442	868
Common Dividends Paid	-40,255	-38,418	-39,170	-25,111	-25,263
Other Financing Activities	-2,083	-3,563	-3,507	-2,570	-924
Financing Cash Flow	-51,305	-57,992	-47,672	-50,781	-46,666

Net Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	953	81	-47	520	-17
Net Cash Flow	7,276	-286	2,908	2,674	10,985

Free Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	54,763	51,922	55,853	45,568	43,269
Free Cash Flow Growth	5.47%	-7.04%	22.57%	5.31%	-41.75%
Free Cash Flow Margin	9.64%	9.80%	10.74%	8.55%	9.69%
Free Cash Flow Per Share	61.69	58.51	62.95	51.44	48.83
Levered Free Cash Flow	49,076	52,592	38,340	42,087	37,287
Unlevered Free Cash Flow	49,795	53,001	38,660	42,372	38,169

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	2,083	2,636	3,507	2,570	1,231
Cash Income Tax Paid	16,502	14,744	12,469	19,931	23,137
Change in Working Capital	-14,872	-2,662	19,690	-18,451	-14,343

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

Data Sources Report a data error