Tech Mahindra Peer Comparison

NSE: TECHM | BSE: 532755

₹1,504.50

₹-31.40 (-2.04%)

As on 06-Oct-2026IST

Market cap

₹1,47,318 Cr

Revenue (TTM)

₹59,176 Cr

P/E Ratio

28.7

P/B Ratio

4.8

Div. Yield

3.4 %

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	Tech Mahindra	LTIMindtree	Coforge	Sterlite Tech	Mphasis
Market cap (₹ Cr)	1,47,318	1,17,905	81,597	52,200	43,736
Revenue (₹ Cr)	59,176	44,075	18,152	5,642	16,531
Net Profit (₹ Cr)	5,169.30	5,196.70	1,920.00	243.00	1,915.28
Net Margin (%)	8.78	11.54	10.52	4.26	11.36
RoE (%)	17.92	23.71	23.69	11.03	19.02
Price to Earnings	28.69	22.54	46.44	214.81	22.89
Price-To-Book	4.76	4.65	3.04	13.64	3.96

Income Statement (₹ Cr)

	Tech Mahindra	LTIMindtree	Coforge	Sterlite Tech	Mphasis
Operating Revenue	59,176.10	44,075.00	18,151.90	5,642.00	16,531.21
Total Income	58,883.30	45,032.70	18,253.20	5,698.00	16,859.01
Total Expenditure	49,334.70	36,108.60	14,754.70	4,813.00	13,455.52
EBITDA	9,841.40	7,966.40	3,397.20	829.00	3,075.69
Depreciation	1,902.10	1,072.50	763.80	321.00	570.41
EBIT	7,939.30	6,893.90	2,633.40	508.00	2,505.28
Interest	370.90	280.20	209.00	229.00	210.75
Other Income	-292.80	957.70	101.30	56.00	327.80
Exceptional Items	-272.40	-528.10	-256.20	16.00	-35.48
Profit before Tax	7,003.20	7,043.30	2,269.50	351.00	2,586.85
Provision for Tax	1,833.90	1,846.60	349.50	108.00	671.57
Profit after Tax	5,169.30	5,196.70	1,920.00	243.00	1,915.28

	Tech Mahindra	LTIMindtree	Coforge	Sterlite Tech	Mphasis
Shareholder's Funds	30,845.80	24,025.00	9,537.60	2,268.00	10,743.71
Minority Interest	-27.60	33.60	-163.10	0.00	0.00
Non-Current Liabilities	3,564.50	3,304.60	1,531.40	1,358.00	1,028.66
Current Liabilities	14,497.50	9,783.70	3,669.40	2,720.00	6,009.55
Total Liabilities	49,167.70	37,148.50	17,059.80	6,288.00	17,608.98

	Tech Mahindra	LTIMindtree	Coforge	Sterlite Tech	Mphasis
Non-Current Assets	15,194.10	5,953.60	7,144.20	3,550.00	6,619.86
Current Assets	27,574.70	27,697.20	5,905.80	2,663.00	8,267.08
Total Assets	49,167.70	37,148.50	17,059.80	6,288.00	17,608.98
Total Debt*	69.60	0.00	399.70	1,827.00	1,792.89
Net Current Assets	13,077.20	17,913.50	2,236.40	-57.00	2,257.53
Contingent Liabilities	6,080.20	1,026.80	94.50	226.00	4,741.93

	Tech Mahindra	LTIMindtree	Coforge	Sterlite Tech	Mphasis
Cash From Operating Activities	6,172.00	4,798.80	1,791.70	520.00	1,253.28
Cash Flow from Investing Activities	-409.20	-1,767.90	-434.80	-507.00	-210.66
Cash from Financing Activities	-5,130.50	-2,926.40	-1,093.70	-133.00	-943.25
Net Cash Inflow / Outflow	632.30	104.50	263.20	-120.00	99.37

	Tech Mahindra	LTIMindtree	Coforge	Sterlite Tech	Mphasis
ROCE (%)	23.04	30.25	24.70	8.38	23.31
ROE (%)	17.92	23.71	23.69	11.03	19.02
ROA (%)	11.01	15.32	14.03	4.09	11.72
EBIT Margin (%)	13.42	15.64	14.51	9.00	15.15
Net Margin (%)	8.78	11.54	10.52	4.26	11.36
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Tech Mahindra	LTIMindtree	Coforge	Sterlite Tech	Mphasis
Revenue Growth (%)	10.95	13.87	35.36	36.18	13.69
EBIT Growth (%)	44.73	24.46	82.05	207.88	12.44
Net Profit Growth (%)	14.61	10.06	75.81	1,529.41	10.12
EPS Growth (%)	17.46	19.07	-51.36	1,442.70	10.87
Book Value Growth (%)	8.25	6.25	49.73	7.68	12.29

	Tech Mahindra	LTIMindtree	Coforge	Sterlite Tech	Mphasis
Price / Earnings	27.59	20.96	34.11	216.94	22.54
Price / Book Value	4.76	4.65	3.04	13.64	3.96
Dividend Yield (%)	3.39	1.89	0.86	0.00	2.71
EV/EBITDA	14.12	12.94	23.81	64.78	13.80
Market Cap (₹ Cr)	1,22,806.49	1,18,858.97	37,452.28	8,645.86	39,194.14

	Tech Mahindra	LTIMindtree	Coforge	Sterlite Tech	Mphasis
Debt to Equity	0.00	0.00	0.01	0.51	0.00
Short term debt to equity ratio	0.00	--	0.02	0.18	0.17
Current Ratio	1.90	2.83	1.61	0.98	1.38
Quick Ratio	1.89	2.83	1.61	0.65	1.38
Interest Coverage	19.88	26.14	11.86	2.53	13.27

	Tech Mahindra	LTIMindtree	Coforge	Sterlite Tech	Mphasis
Debtors to sales (%)	22.57	21.49	21.87	18.89	25.36
Asset Turnover	1.26	1.30	1.33	0.95	1.01
Receivable days	80.00	57.34	72.84	72.77	80.83
Inventory Days	0.46	0.03	0.00	63.15	0.00
Payable days	--	--	--	152.27	--
Cash Conversion Cycle	--	--	--	-16.35	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.