TECH MAHINDRA
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The Current P/E Ratio of TECH MAHINDRA is 29.54.
| Share Price | ₹1,384.9 | Mar 20,2026 |
| Market Cap | ₹135,692.5 Cr | |
| Earnings-TTM | ₹4,593.6 Cr | TTM-Consolidated Results |
| Price/Earnings | 29.54x | 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 [ ₹135,692.5 Cr] as on Mar 20,2026
(/) Earnings [ ₹4,593.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 29.54x ]
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 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 | 4,593.60 | 29.54 | 135,692.5 |
| TATA CONSULTANCY SERVICES LTD | 47,963.00 | 18.03 | 864,940.0 |
| INFOSYS LTD | 28,003.00 | 18.17 | 508,789.0 |
| HCL TECHNOLOGIES LTD | 16,471.00 | 21.98 | 362,016.0 |
| WIPRO LTD | 13,279.90 | 15.09 | 200,376.0 |
| LTIMINDTREE LTD | 4,724.00 | 26.93 | 127,206.0 |
| PERSISTENT SYSTEMS LTD | 1,731.62 | 43.00 | 74,454.1 |
| ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,441.50 | 23.45 | 57,262.6 |
| COFORGE LTD | 1,314.20 | 27.84 | 36,583.8 |
| L&T TECHNOLOGY SERVICES LTD | 1,258.60 | 27.25 | 34,292.0 |
| MPHASIS LTD | 1,802.93 | 22.14 | 39,920.3 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs TECH MAHINDRA 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 15.09x |
| Max industry PE | 43.00x |
| Median industry PE | 23.45x |
| Average industry PE | 24.86x |
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