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TECH MAHINDRA
PE (Price/Earnings) Ratio

The Current P/E Ratio of TECH MAHINDRA is 28.99.

Share Price ₹1,421.8May 22,2026
Market Cap ₹139,336.4 Cr
Earnings-TTM₹4,807.0 CrTTM-Consolidated Results
Price/Earnings28.99xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TECH MAHINDRA

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 TECH MAHINDRA is calculated as :

Current Market Cap [ ₹139,336.4 Cr] as on May 22,2026

(/) Earnings [ ₹4,807.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 28.99x ]

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

Thus, for TECH MAHINDRA , the investors are currently willing to pay 28.99 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 TECH MAHINDRA !

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 TECH MAHINDRA over the last five years.

Historical PE (Price/Earnings) ratio chart of TECH MAHINDRA


PE Ratio Performance Analysis for TECH MAHINDRA

- TECH MAHINDRA 's latest p/e ratio is 28.99x.

- TECH MAHINDRA 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 27.92x.

- TECH MAHINDRA 's operated at median p/e ratio of 23.64x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TECH MAHINDRA 's p/e ratio peaked in Mar2024 at 46.81x.

- TECH MAHINDRA 's p/e ratio hit its five-year low in Mar2021 of 19.57x.


How does TECH MAHINDRA 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Earnings-TTM (Cr)PE RatioMarket Cap
TECH MAHINDRA 4,807.0028.99139,336.4
TATA CONSULTANCY SERVICES LTD49,454.0016.95838,401.0
INFOSYS LTD29,474.0016.16476,297.0
HCL TECHNOLOGIES LTD16,652.0018.96315,803.0
WIPRO LTD13,239.8016.11213,301.0
LTM LTD4,982.7023.87118,921.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD2,639.3031.4282,928.8
PERSISTENT SYSTEMS LTD1,865.1242.0578,420.7
COFORGE LTD1,674.5036.6561,378.6
MPHASIS LTD1,867.8122.7242,430.2
L&T TECHNOLOGY SERVICES LTD1,268.4028.6136,285.5

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

Top 10 Industry PeersPE Ratio
Min industry PE 16.11x
Max industry PE 42.05x
Median industry PE 23.87x
Average industry PE 25.68x



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