Tech Mahindra Peer Comparison
NSE: TECHM | BSE: 532755
₹1,790.80
As on 30-Oct-2026IST
Market cap
₹1,75,672 Cr
Revenue (TTM)
₹61,361 Cr
P/E Ratio
31.8
P/B Ratio
5.9
Div. Yield
2.8 %
| Tech Mahindra | LTIMindtree | Coforge | Sterlite Tech | Tata Elxsi | |
|---|---|---|---|---|---|
Market cap (₹ Cr) |
1,75,672 | 1,25,370 | 90,828 | 42,556 | 23,614 |
Revenue (₹ Cr) |
61,361 | 45,488 | 20,337 | 7,137 | 4,024 |
Net Profit (₹ Cr) |
5,574.50 | 5,195.40 | 2,099.50 | 756.00 | 670.14 |
Net Margin (%) |
9.14 | 11.24 | 10.28 | 10.48 | 15.97 |
RoE (%) |
18.56 | 22.53 | 13.79 | 22.06 | 24.90 |
Price to Earnings |
31.79 | 23.98 | 46.12 | 56.29 | 35.24 |
Price-To-Book |
5.91 | 4.85 | 4.06 | 9.37 | 8.11 |
Income Statement (₹ Cr)
| Tech Mahindra | LTIMindtree | Coforge | Sterlite Tech | Tata Elxsi | |
|---|---|---|---|---|---|
|
Operating Revenue
|
61,361.40 | 45,488.30 | 20,337.00 | 7,137.00 | 4,023.99 |
|
Total Income
|
61,021.20 | 46,237.10 | 20,424.20 | 7,215.00 | 4,196.99 |
|
Total Expenditure
|
50,809.50 | 37,358.70 | 16,449.10 | 5,625.00 | 3,109.78 |
|
EBITDA
|
10,551.90 | 8,129.60 | 3,887.90 | 1,512.00 | 914.21 |
|
Depreciation
|
1,924.80 | 1,045.70 | 876.90 | 350.00 | 92.00 |
|
EBIT
|
8,627.10 | 7,083.90 | 3,011.00 | 1,162.00 | 822.21 |
|
Interest
|
377.30 | 280.80 | 276.10 | 237.00 | 13.92 |
|
Other Income
|
-340.20 | 748.80 | 87.20 | 78.00 | 173.00 |
|
Exceptional Items
|
-272.40 | -528.10 | -311.90 | 16.00 | -95.69 |
|
Profit before Tax
|
7,637.20 | 7,023.80 | 2,510.20 | 1,019.00 | 885.60 |
|
Provision for Tax
|
2,062.70 | 1,828.40 | 410.70 | 263.00 | 215.46 |
|
Profit after Tax
|
5,574.50 | 5,195.40 | 2,099.50 | 756.00 | 670.14 |
Liabilities (₹ Cr)
| Tech Mahindra | LTIMindtree | Coforge | Sterlite Tech | Tata Elxsi | |
|---|---|---|---|---|---|
|
Shareholder's Funds
|
30,903.30 | 25,874.00 | 22,361.60 | 4,543.00 | 2,912.79 |
|
Minority Interest
|
-44.50 | 31.70 | -130.30 | 0.00 | 0.00 |
|
Non-Current Liabilities
|
3,572.60 | 3,237.80 | 6,488.10 | 836.00 | 149.02 |
|
Current Liabilities
|
13,877.70 | 9,286.40 | 5,754.90 | 2,651.00 | 787.64 |
|
Total Liabilities
|
49,167.70 | 37,148.50 | 17,059.80 | 6,288.00 | 3,962.54 |
Assets (₹ Cr)
| Tech Mahindra | LTIMindtree | Coforge | Sterlite Tech | Tata Elxsi | |
|---|---|---|---|---|---|
|
Non-Current Assets
|
15,175.20 | 5,795.30 | 24,020.80 | 3,713.00 | 209.21 |
|
Current Assets
|
27,269.90 | 28,686.60 | 8,565.70 | 4,109.00 | 2,954.00 |
|
Total Assets
|
49,167.70 | 37,148.50 | 17,059.80 | 6,288.00 | 3,962.54 |
|
Total Debt*
|
69.60 | 0.00 | 399.70 | 1,827.00 | 0.00 |
|
Net Current Assets
|
13,392.20 | 19,400.20 | 2,810.80 | 1,458.00 | 2,166.36 |
|
Contingent Liabilities
|
6,080.20 | 1,026.80 | 94.50 | 226.00 | 0.67 |
Cashflow (₹ Cr)
| Tech Mahindra | LTIMindtree | Coforge | Sterlite Tech | Tata Elxsi | |
|---|---|---|---|---|---|
|
Cash From Operating Activities
|
6,172.00 | 4,798.80 | 1,791.70 | 520.00 | 663.98 |
|
Cash Flow from Investing Activities
|
-409.20 | -1,767.90 | -434.80 | -507.00 | -72.52 |
|
Cash from Financing Activities
|
-5,130.50 | -2,926.40 | -1,093.70 | -133.00 | -534.79 |
|
Net Cash Inflow / Outflow
|
632.30 | 104.50 | 263.20 | -120.00 | 56.67 |
Ratios
Profitability Ratios
| Tech Mahindra | LTIMindtree | Coforge | Sterlite Tech | Tata Elxsi | |
|---|---|---|---|---|---|
|
ROCE (%)
|
23.04 | 30.25 | 24.70 | 8.38 | 28.57 |
|
ROE (%)
|
18.56 | 22.53 | 13.79 | 22.06 | 24.90 |
|
ROA (%)
|
11.78 | 14.64 | 8.68 | 10.91 | 18.35 |
|
EBIT Margin (%)
|
14.06 | 15.57 | 14.81 | 16.28 | 20.43 |
|
Net Margin (%)
|
9.14 | 11.24 | 10.28 | 10.48 | 15.97 |
|
Cash Profit Margin (%)
|
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Growth Ratios
| Tech Mahindra | LTIMindtree | Coforge | Sterlite Tech | Tata Elxsi | |
|---|---|---|---|---|---|
|
Revenue Growth (%)
|
13.60 | 14.67 | 41.22 | 73.95 | 10.01 |
|
EBIT Growth (%)
|
46.11 | 23.65 | 74.53 | 560.23 | 11.72 |
|
Net Profit Growth (%)
|
25.04 | 7.10 | 65.22 | 18,800.00 | -0.07 |
|
EPS Growth (%)
|
27.65 | 15.34 | -36.66 | 17,796.89 | 10.53 |
|
Book Value Growth (%)
|
8.25 | 6.25 | 49.73 | 7.68 | 6.23 |
Valuation Ratios
| Tech Mahindra | LTIMindtree | Coforge | Sterlite Tech | Tata Elxsi | |
|---|---|---|---|---|---|
|
Price / Earnings
|
30.65 | 22.30 | 35.99 | 56.47 | 31.85 |
|
Price / Book Value
|
5.91 | 4.85 | 4.06 | 9.37 | 8.11 |
|
Dividend Yield (%)
|
2.85 | 1.77 | 0.77 | 0.00 | 1.98 |
|
EV/EBITDA
|
15.86 | 13.59 | 23.18 | 29.14 | 24.00 |
|
Market Cap (₹ Cr)
|
1,22,806.49 | 1,18,858.97 | 37,452.28 | 8,645.86 | 24,776.83 |
Solvency Ratios
| Tech Mahindra | LTIMindtree | Coforge | Sterlite Tech | Tata Elxsi | |
|---|---|---|---|---|---|
|
Debt to Equity
|
0.00 | 0.00 | 0.19 | 0.12 | 0.00 |
|
Short term debt to equity ratio
|
0.00 | -- | 0.02 | 0.18 | -- |
|
Current Ratio
|
1.97 | 3.09 | 1.49 | 1.55 | 3.75 |
|
Quick Ratio
|
1.96 | 3.09 | 1.49 | 1.23 | 3.75 |
|
Interest Coverage
|
21.24 | 26.01 | 10.09 | 5.30 | 64.64 |
Operating Efficiency Ratios
| Tech Mahindra | LTIMindtree | Coforge | Sterlite Tech | Tata Elxsi | |
|---|---|---|---|---|---|
|
Debtors to sales (%)
|
22.98 | 16.29 | 27.00 | 22.50 | 26.62 |
|
Asset Turnover
|
1.30 | 1.28 | 0.84 | 1.03 | 1.10 |
|
Receivable days
|
80.00 | 57.34 | 72.84 | 72.77 | 99.61 |
|
Inventory Days
|
0.46 | 0.03 | 0.00 | 63.15 | 0.00 |
|
Payable days
|
-- | -- | -- | 152.27 | 2,557.12 |
|
Cash Conversion Cycle
|
-- | -- | -- | -16.35 | -2,457.51 |