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Tech Mahindra Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tech Mahindra and similar public comparables like TD Synnex, Indra Sistemas, CACI International, Elm and more.
Tech Mahindra Overview
About Tech Mahindra
Tech Mahindra Ltd is an IT services and consulting company in India. It offers a variety of technology solutions and services in addition to business process services. Its segments are Information Technology and Business Process Services. The technology solutions include helping companies engage in cloud software, mobile solutions, network services, cybersecurity, and a variety of other options. The business process service is offered across various industries including telecom, financial services, retail, energy, hospitality, high-tech, agriculture, and food beverage. The company generates the majority of its revenue from Communications & Media & Entertainment Industry. Geographically the company generates the majority of its revenue from the Americas.
Founded
1986
HQ
Employees
119.3K
Website
Sectors
Financials (LTM)
EV
$12B
Tech Mahindra Financials
Tech Mahindra reported last 12-month revenue of $6B and EBITDA of $959M.
In the same LTM period, Tech Mahindra generated $2B in gross profit, $959M in EBITDA, and $556M in net income.
Revenue (LTM)
Tech Mahindra P&L
In the most recent fiscal year, Tech Mahindra reported revenue of $6B and EBITDA of $846M.
Tech Mahindra expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $6B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 30% | XXX | 25% | XXX | XXX | XXX |
| EBITDA | $959M | XXX | $846M | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 14% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $556M | XXX | $499M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 8% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tech Mahindra Stock Performance
Tech Mahindra has current market cap of $13B, and enterprise value of $12B.
Market Cap Evolution
Tech Mahindra's stock price is $14.71.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $12B | $13B | 0.0% | XXX | XXX | XXX | $0.56 |
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Start Free TrialTech Mahindra Valuation Multiples
Tech Mahindra trades at 2.0x EV/Revenue multiple, and 12.9x EV/EBITDA.
EV / Revenue (LTM)
Tech Mahindra Financial Valuation Multiples
As of March 17, 2026, Tech Mahindra has market cap of $13B and EV of $12B.
Equity research analysts estimate Tech Mahindra's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tech Mahindra has a P/E ratio of 23.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV (current) | $12B | XXX | $12B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 12.9x | XXX | 14.7x | XXX | XXX | XXX |
| EV/EBIT | 16.4x | XXX | 20.5x | XXX | XXX | XXX |
| EV/Gross Profit | 6.8x | XXX | 8.1x | XXX | XXX | XXX |
| P/E | 23.4x | XXX | 26.1x | XXX | XXX | XXX |
| EV/FCF | 22.9x | XXX | 21.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tech Mahindra Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Tech Mahindra Margins & Growth Rates
Tech Mahindra's revenue in the last 12 month grew by 7%.
Tech Mahindra's revenue per employee in the last FY averaged $0.1M.
Tech Mahindra's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tech Mahindra's rule of X is 34% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Tech Mahindra Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 20% | XXX | 14% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 23% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 34% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 16% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tech Mahindra Public Comps
See public comps and valuation multiples for other IT Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| TD Synnex | XXX | XXX | XXX | XXX | XXX | XXX |
| Indra Sistemas | XXX | XXX | XXX | XXX | XXX | XXX |
| CACI International | XXX | XXX | XXX | XXX | XXX | XXX |
| Elm | XXX | XXX | XXX | XXX | XXX | XXX |
| Nomura Research Institute | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Tech Mahindra M&A Activity
Tech Mahindra acquired XXX companies to date.
Last acquisition by Tech Mahindra was on XXXXXXXX, XXXXX. Tech Mahindra acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tech Mahindra
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTech Mahindra Investment Activity
Tech Mahindra invested in XXX companies to date.
Tech Mahindra made its latest investment on XXXXXXXX, XXXXX. Tech Mahindra invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tech Mahindra
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Tech Mahindra
| When was Tech Mahindra founded? | Tech Mahindra was founded in 1986. |
| Where is Tech Mahindra headquartered? | Tech Mahindra is headquartered in India. |
| How many employees does Tech Mahindra have? | As of today, Tech Mahindra has over 119K employees. |
| Who is the CEO of Tech Mahindra? | Tech Mahindra's CEO is Mohit Joshi. |
| Is Tech Mahindra publicly listed? | Yes, Tech Mahindra is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Tech Mahindra? | Tech Mahindra trades under TECHM ticker. |
| When did Tech Mahindra go public? | Tech Mahindra went public in 2006. |
| Who are competitors of Tech Mahindra? | Tech Mahindra main competitors are TD Synnex, Indra Sistemas, CACI International, Elm. |
| What is the current market cap of Tech Mahindra? | Tech Mahindra's current market cap is $13B. |
| What is the current revenue of Tech Mahindra? | Tech Mahindra's last 12 months revenue is $6B. |
| What is the current revenue growth of Tech Mahindra? | Tech Mahindra revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Tech Mahindra? | Current revenue multiple of Tech Mahindra is 2.0x. |
| Is Tech Mahindra profitable? | Yes, Tech Mahindra is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tech Mahindra? | Tech Mahindra's last 12 months EBITDA is $959M. |
| What is Tech Mahindra's EBITDA margin? | Tech Mahindra's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of Tech Mahindra? | Current EBITDA multiple of Tech Mahindra is 12.9x. |
| What is the current FCF of Tech Mahindra? | Tech Mahindra's last 12 months FCF is $541M. |
| What is Tech Mahindra's FCF margin? | Tech Mahindra's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Tech Mahindra? | Current FCF multiple of Tech Mahindra is 22.9x. |
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