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Tech Mahindra Ltd
NSE:TECHM

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Tech Mahindra Ltd
NSE:TECHM
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Price: 1 502.8 INR -0.57% Market Closed
Market Cap: ₹1.5T

EV/EBITDA

16.9
Current
9%
Cheaper
vs 3-y median of 18.6

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
16.9
=
Enterprise Value
₹1.3T
/
EBITDA
₹83.2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
16.9
=
Enterprise Value
₹1.3T
/
EBITDA
₹83.2B

Valuation Scenarios

Tech Mahindra Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (18.6), the stock would be worth ₹1 654.79 (10% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-10%
Maximum Upside
+10%
Average Upside
1%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 16.9 ₹1 502.8
0%
3-Year Average 18.6 ₹1 654.79
+10%
5-Year Average 15.2 ₹1 351.12
-10%
Industry Average 16.6 ₹1 475.06
-2%
Country Average 17.7 ₹1 569.28
+4%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹1.3T
/
Jan 2026
₹83.2B
=
16.9
Current
₹1.3T
/
Mar 2026
₹91.9B
=
14.1
Forward
₹1.3T
/
Mar 2027
₹110.9B
=
11.7
Forward
₹1.3T
/
Mar 2028
₹121.4B
=
10.6
Forward
₹1.3T
/
Mar 2029
₹145.2B
=
8.9
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
Tech Mahindra Ltd
NSE:TECHM
1.5T INR 16.9 31.8
US
International Business Machines Corp
NYSE:IBM
236.9B USD 17.6 22.4
JP
BrainPad Inc
TSE:3655
20.9T JPY 37.9 551.4
IE
Accenture PLC
NYSE:ACN
121.6B USD 8.5 15.9
IN
Tata Consultancy Services Ltd
NSE:TCS
9.3T INR 12.5 19.5
IN
Infosys Ltd
NSE:INFY
5.3T INR 12.5 19.1
IN
HCL Technologies Ltd
NSE:HCLTECH
3.9T INR 13.6 23.4
JP
Fujitsu Ltd
TSE:6702
6.6T JPY 12.1 13.9
JP
NEC Corp
TSE:6701
5.8T JPY 12.1 23.5
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR 9.9 38.8
JP
NTT Data Corp
TSE:9613
5.6T JPY 9.9 39.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
Tech Mahindra Ltd
NSE:TECHM
Average EV/EBITDA: 14.8
16.9
20%
0.8
US
International Business Machines Corp
NYSE:IBM
17.6
13%
1.4
JP
BrainPad Inc
TSE:3655
37.9
N/A N/A
IE
Accenture PLC
NYSE:ACN
8.5
7%
1.2
IN
Tata Consultancy Services Ltd
NSE:TCS
12.5
9%
1.4
IN
Infosys Ltd
NSE:INFY
12.5
8%
1.6
IN
HCL Technologies Ltd
NSE:HCLTECH
13.6
9%
1.5
JP
Fujitsu Ltd
TSE:6702
12.1
13%
0.9
JP
NEC Corp
TSE:6701
12.1
14%
0.9
JP
N
NTT Data Group Corp
DUS:NT5
9.9
12%
0.8
JP
NTT Data Corp
TSE:9613
9.9
12%
0.8

Market Distribution

In line with most companies in India
Percentile
48th
Based on 2 785 companies
48th percentile
16.9
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Tech Mahindra Ltd
Glance View

In the bustling world of global IT services, Tech Mahindra Ltd. has carved a niche for itself, emerging as a vital player among the giants. Born out of the renowned Mahindra Group, Tech Mahindra began its journey in the early 1980s, gaining momentum through partnerships and strategic expansions. The company took its initial baby steps in the telecommunications sector, which laid the groundwork for its progressive foray into multiple tech domains. Over the decades, it methodically expanded its service offerings beyond telecom, venturing into IT and business outsourcing services, software development, and digital solutions. Central to its strategy has been the seamless integration of technology with business processes and a focus on customer-centric innovations. This approach has elevated the company to significant heights, impacting diverse sectors such as banking, healthcare, and retail. The backbone of Tech Mahindra’s business model is its diversified portfolio of digital transformation services, which drive its revenue streams. Consistently adapting to the ever-changing tech landscape, the firm offers services like cloud computing, data analytics, cybersecurity, and AI-driven solutions, catering to a global clientele. By leveraging its workforce and innovation prowess, Tech Mahindra serves an enormous variety of industries, providing value through tailored IT solutions that enhance efficiency and business outcomes. The company's ability to generate revenue hinges on its robust project management frameworks that deliver projects on time and within budget while maintaining high performance and quality standards. Furthermore, strategic acquisitions have amplified its capabilities, allowing Tech Mahindra to penetrate new markets and escalate its growth trajectory. Ultimately, it is this intricate synergy of strategic vision and operational execution that propels Tech Mahindra's success on the global stage.

TECHM Intrinsic Value
1 296.91 INR
Overvaluation 14%
Intrinsic Value
Price ₹1 502.8
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