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MSTC
PE (Price/Earnings) Ratio

The Current P/E Ratio of MSTC is 20.12.

Share Price ₹677.2Oct 12,2026
Market Cap ₹4,767.1 Cr
Earnings-TTM₹236.9 CrTTM-Consolidated Results
Price/Earnings20.12xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MSTC

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 MSTC is calculated as :

Current Market Cap [ ₹4,767.1 Cr] as on Oct 12,2026

(/) Earnings [ ₹236.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 20.12x ]

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

Thus, for MSTC , the investors are currently willing to pay 20.12 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 MSTC !

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 MSTC over the last five years.

Historical PE (Price/Earnings) ratio chart of MSTC


PE Ratio Performance Analysis for MSTC

- MSTC 's latest p/e ratio is 20.12x.

- MSTC 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 14.86x.

- MSTC 's operated at median p/e ratio of 10.83x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MSTC 's p/e ratio peaked in Mar2024 at 35.45x.

- MSTC 's p/e ratio hit its five-year low in Mar2023 of 7.36x.


How does MSTC 's P/E Ratio benchmark against top 10 peers in e-Commerce Industry?

Peer Comparison (e-Commerce Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MSTC 236.9320.124,767.1
ETERNAL LTD433.00719.76311,658.0
MEESHO LTD-1,201.21-88.89106,780.0
FSN ECOMMERCE VENTURES LTD259.23373.6396,855.1
SWIGGY LTD-3,744.00-16.9963,611.4
INDIAMART INTERMESH LTD548.7017.469,580.8
BRAINBEES SOLUTIONS LTD-181.11-48.698,818.1
INTRASOFT TECHNOLOGIES LTD13.7211.93163.7

e-Commerce Industry Benchmark (Top 10) PE Analysis vs MSTC 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -88.89x
Max industry PE 719.76x
Median industry PE 17.46x
Average industry PE 123.54x



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