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MINDTECK (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of MINDTECK (INDIA) is 28.43.

Share Price ₹293.7May 02,2024
Market Cap ₹745.9 Cr
Earnings-TTM₹26.2 CrTTM-Consolidated Results
Price/Earnings28.43xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MINDTECK (INDIA)

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of MINDTECK (INDIA) is calculated as :

Current Market Cap [ ₹745.9 Cr] as on May 02,2024

(/) Earnings [ ₹26.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 28.43x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for MINDTECK (INDIA) , the investors are currently willing to pay 28.43 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of MINDTECK (INDIA) !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of MINDTECK (INDIA) over the last five years.

Historical PE (Price/Earnings) ratio chart of MINDTECK (INDIA)


PE Ratio Performance Analysis for MINDTECK (INDIA)

- MINDTECK (INDIA) 's latest p/e ratio is 28.43x.

- MINDTECK (INDIA) 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 13.16x.

- MINDTECK (INDIA) 's operated at median p/e ratio of 9.95x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MINDTECK (INDIA) 's p/e ratio peaked in Mar2019 at 33.86x.

- MINDTECK (INDIA) 's p/e ratio hit its five-year low in Mar2020 of 0x.


How does MINDTECK (INDIA) 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MINDTECK (INDIA) 26.2428.43745.9
TATA CONSULTANCY SERVICES LTD46,099.0030.321,397,940.0
INFOSYS LTD26,248.0022.37587,286.0
HCL TECHNOLOGIES LTD15,710.0023.50369,167.0
WIPRO LTD11,135.4021.46238,932.0
LTIMINDTREE LTD4,584.6030.31138,957.0
TECH MAHINDRA LTD2,386.3051.86123,751.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD2,219.3630.3467,324.6
PERSISTENT SYSTEMS LTD1,093.4948.0152,500.2
L&T TECHNOLOGY SERVICES LTD1,306.2037.4448,908.6
TATA ELXSI LTD792.2456.2544,566.6

IT - Software Industry Benchmark (Top 10) PE Analysis vs MINDTECK (INDIA) 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 21.46x
Max industry PE 56.25x
Median industry PE 30.32x
Average industry PE 34.57x



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