TECH MAHINDRA
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The Current P/E Ratio of TECH MAHINDRA is 34.98.
| Share Price | ₹1,591.8 | Dec 08,2025 |
| Market Cap | ₹155,943.7 Cr | |
| Earnings-TTM | ₹4,458.1 Cr | TTM-Consolidated Results |
| Price/Earnings | 34.98x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of TECH MAHINDRA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹155,943.7 Cr] as on Dec 08,2025
(/) Earnings [ ₹4,458.1 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 34.98x ]
Thus, for TECH MAHINDRA , the investors are currently willing to pay 34.98 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 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 Ratio | Market Cap |
|---|---|---|---|
| TECH MAHINDRA | 4,458.10 | 34.98 | 155,943.7 |
| TATA CONSULTANCY SERVICES LTD | 49,687.00 | 23.58 | 1,171,500.0 |
| INFOSYS LTD | 28,159.00 | 23.18 | 652,815.0 |
| HCL TECHNOLOGIES LTD | 16,983.00 | 26.97 | 458,067.0 |
| WIPRO LTD | 13,503.90 | 20.29 | 273,940.0 |
| LTIMINDTREE LTD | 4,851.10 | 38.23 | 185,441.0 |
| PERSISTENT SYSTEMS LTD | 1,665.16 | 60.11 | 100,086.0 |
| ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,373.20 | 29.41 | 69,800.4 |
| COFORGE LTD | 1,273.40 | 51.33 | 65,365.1 |
| L&T TECHNOLOGY SERVICES LTD | 1,275.00 | 37.74 | 48,112.8 |
| MPHASIS LTD | 1,787.04 | 30.90 | 55,216.3 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs TECH MAHINDRA 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 20.29x |
| Max industry PE | 60.11x |
| Median industry PE | 30.90x |
| Average industry PE | 34.25x |
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