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TECH MAHINDRA
PE (Price/Earnings) Ratio

The Current P/E Ratio of TECH MAHINDRA is 32.10.

Share Price ₹1,460.9Nov 21,2025
Market Cap ₹143,119.5 Cr
Earnings-TTM₹4,458.1 CrTTM-Consolidated Results
Price/Earnings32.10xCalculated 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 [ ₹143,119.5 Cr] as on Nov 21,2025

(/) Earnings [ ₹4,458.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 32.10x ]

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 32.10 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 32.10x.

- 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 4,458.1032.10143,119.5
TATA CONSULTANCY SERVICES LTD49,687.0022.941,139,720.0
INFOSYS LTD28,159.0022.79641,723.0
HCL TECHNOLOGIES LTD16,983.0025.70436,439.0
WIPRO LTD13,503.9018.99256,397.0
LTIMINDTREE LTD4,851.1036.23175,753.0
PERSISTENT SYSTEMS LTD1,665.1659.6599,323.3
ORACLE FINANCIAL SERVICES SOFTWARE LTD2,373.2029.9471,052.9
COFORGE LTD1,273.4047.2460,155.8
L&T TECHNOLOGY SERVICES LTD1,275.0035.4845,234.7
MPHASIS LTD1,787.0429.2752,300.8

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

Top 10 Industry PeersPE Ratio
Min industry PE 18.99x
Max industry PE 59.65x
Median industry PE 29.94x
Average industry PE 32.76x



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