TECH MAHINDRA
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The Current P/E Ratio of TECH MAHINDRA is 31.00.
| Share Price | ₹1,635.2 | Jul 28,2026 |
| Market Cap | ₹160,261.1 Cr | |
| Earnings-TTM | ₹5,169.3 Cr | TTM-Consolidated Results |
| Price/Earnings | 31.00x | 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 [ ₹160,261.1 Cr] as on Jul 28,2026
(/) Earnings [ ₹5,169.3 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 31.00x ]
Thus, for TECH MAHINDRA , the investors are currently willing to pay 31.00 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 Mar2026 to Mar2022 averaged 29.11x.
- TECH MAHINDRA 's operated at median p/e ratio of 25.53x 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 Mar2023 of 20.07x.
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 | 5,169.30 | 31.00 | 160,261.1 |
| TATA CONSULTANCY SERVICES LTD | 50,055.00 | 17.33 | 867,545.0 |
| INFOSYS LTD | 30,325.00 | 14.80 | 448,720.0 |
| HCL TECHNOLOGIES LTD | 17,434.00 | 20.53 | 357,960.0 |
| WIPRO LTD | 13,265.10 | 13.52 | 179,358.0 |
| LTM LTD | 5,196.70 | 24.61 | 127,881.0 |
| ORACLE FINANCIAL SERVICES SOFTWARE LTD | 3,412.90 | 28.91 | 98,661.8 |
| PERSISTENT SYSTEMS LTD | 1,865.12 | 45.89 | 85,594.4 |
| COFORGE LTD | 1,674.50 | 44.58 | 74,656.5 |
| MPHASIS LTD | 1,915.28 | 24.05 | 46,067.2 |
| L&T TECHNOLOGY SERVICES LTD | 1,304.60 | 29.27 | 38,187.4 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs TECH MAHINDRA 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 13.52x |
| Max industry PE | 45.89x |
| Median industry PE | 24.61x |
| Average industry PE | 26.77x |
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