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TECH MAHINDRA
PE (Price/Earnings) Ratio

The Current P/E Ratio of TECH MAHINDRA is 29.54.

Share Price ₹1,384.9Mar 20,2026
Market Cap ₹135,692.5 Cr
Earnings-TTM₹4,593.6 CrTTM-Consolidated Results
Price/Earnings29.54xCalculated 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 [ ₹135,692.5 Cr] as on Mar 20,2026

(/) Earnings [ ₹4,593.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 29.54x ]

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 29.54 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 29.54x.

- 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 4,593.6029.54135,692.5
TATA CONSULTANCY SERVICES LTD47,963.0018.03864,940.0
INFOSYS LTD28,003.0018.17508,789.0
HCL TECHNOLOGIES LTD16,471.0021.98362,016.0
WIPRO LTD13,279.9015.09200,376.0
LTIMINDTREE LTD4,724.0026.93127,206.0
PERSISTENT SYSTEMS LTD1,731.6243.0074,454.1
ORACLE FINANCIAL SERVICES SOFTWARE LTD2,441.5023.4557,262.6
COFORGE LTD1,314.2027.8436,583.8
L&T TECHNOLOGY SERVICES LTD1,258.6027.2534,292.0
MPHASIS LTD1,802.9322.1439,920.3

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

Top 10 Industry PeersPE Ratio
Min industry PE 15.09x
Max industry PE 43.00x
Median industry PE 23.45x
Average industry PE 24.86x



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