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MINDTECK (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of MINDTECK (INDIA) is 35.26.

Share Price ₹306.3Dec 20,2024
Market Cap ₹973.9 Cr
Earnings-TTM₹27.6 CrTTM-Consolidated Results
Price/Earnings35.26xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MINDTECK (INDIA)

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 MINDTECK (INDIA) is calculated as :

Current Market Cap [ ₹973.9 Cr] as on Dec 20,2024

(/) Earnings [ ₹27.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 35.26x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for MINDTECK (INDIA) , the investors are currently willing to pay 35.26 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 MINDTECK (INDIA) !

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 MINDTECK (INDIA) over the last five years.

Historical PE (Price/Earnings) ratio chart of MINDTECK (INDIA)


PE Ratio Performance Analysis for MINDTECK (INDIA)

- MINDTECK (INDIA) 's latest p/e ratio is 35.26x.

- MINDTECK (INDIA) 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 10.13x.

- MINDTECK (INDIA) 's operated at median p/e ratio of 9.95x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MINDTECK (INDIA) 's p/e ratio peaked in Mar2024 at 18.68x.

- MINDTECK (INDIA) 's p/e ratio hit its five-year low in Mar2020 of 0x.


How does MINDTECK (INDIA) 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MINDTECK (INDIA) 27.6235.26973.9
TATA CONSULTANCY SERVICES LTD47,659.0031.641,508,040.0
INFOSYS LTD26,978.0029.58798,087.0
HCL TECHNOLOGIES LTD16,842.0030.79518,636.0
WIPRO LTD11,846.8026.96319,428.0
LTIMINDTREE LTD4,656.7037.04172,463.0
TECH MAHINDRA LTD3,295.8050.05164,945.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD2,495.3342.62106,361.0
PERSISTENT SYSTEMS LTD1,232.8779.5698,082.1
L&T TECHNOLOGY SERVICES LTD1,312.1038.9951,163.7
TATA ELXSI LTD816.8852.7843,118.4

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

Top 10 Industry PeersPE Ratio
Min industry PE 26.96x
Max industry PE 79.56x
Median industry PE 37.04x
Average industry PE 41.39x



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