Tech Mahindra's (NSE:TECHM) Returns On Capital Not Reflecting Well On The Business
Apr 13
Have your own idea? Try our Stock Screener
Indian (NIFTY) IT Consulting Industry Analysis
UpdatedApr 13, 2025
DataAggregated Company Financials
Companies139
- 7D-2.2%
- 3M-26.4%
- 1Y-12.1%
- YTDn/a
Over the last 7 days, the IT Consulting industry has dropped 2.2%, driven by a pullback from Tata Consultancy Services of 2.1%. Overall the industry is down 12% in 12 months. Looking forward, earnings are forecast to grow by 9.5% annually.
Industry Valuation and Performance
Has the Indian IT Consulting Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 13 Apr 2025 | ₹29.5t | ₹8.2t | ₹1.3t | 25.9x | 23.5x | 3.6x |
| Tue, 11 Mar 2025 | ₹33.6t | ₹8.3t | ₹1.3t | 26x | 26.6x | 4x |
| Thu, 06 Feb 2025 | ₹37.7t | ₹8.2t | ₹1.2t | 32.7x | 30.2x | 4.6x |
| Sat, 04 Jan 2025 | ₹38.5t | ₹8.0t | ₹1.2t | 35.1x | 32x | 4.8x |
| Mon, 02 Dec 2024 | ₹38.5t | ₹8.0t | ₹1.2t | 38.5x | 32.1x | 4.8x |
| Wed, 30 Oct 2024 | ₹37.4t | ₹7.9t | ₹1.2t | 36.9x | 31.3x | 4.7x |
| Fri, 27 Sep 2024 | ₹38.2t | ₹7.8t | ₹1.2t | 39x | 32.7x | 4.9x |
| Sun, 25 Aug 2024 | ₹37.9t | ₹7.8t | ₹1.2t | 38.4x | 32.5x | 4.8x |
| Tue, 23 Jul 2024 | ₹36.6t | ₹7.8t | ₹1.2t | 36.6x | 31.4x | 4.7x |
| Thu, 20 Jun 2024 | ₹32.5t | ₹7.7t | ₹1.1t | 33.9x | 28.4x | 4.2x |
| Sat, 18 May 2024 | ₹31.5t | ₹7.7t | ₹1.1t | 36.2x | 27.7x | 4.1x |
| Mon, 15 Apr 2024 | ₹33.0t | ₹7.8t | ₹1.1t | 37x | 29.4x | 4.2x |
| Wed, 13 Mar 2024 | ₹34.9t | ₹7.7t | ₹1.1t | 33.4x | 31.4x | 4.5x |
| Fri, 09 Feb 2024 | ₹35.2t | ₹7.7t | ₹1.1t | 41x | 31.7x | 4.6x |
| Sun, 07 Jan 2024 | ₹32.9t | ₹7.8t | ₹1.1t | 42x | 28.8x | 4.2x |
| Tue, 05 Dec 2023 | ₹31.1t | ₹7.8t | ₹1.1t | 38.5x | 27.2x | 4x |
| Thu, 02 Nov 2023 | ₹28.4t | ₹7.7t | ₹1.1t | 38.7x | 25.2x | 3.7x |
| Sat, 30 Sep 2023 | ₹29.7t | ₹7.6t | ₹1.1t | 36.7x | 26.4x | 3.9x |
| Mon, 28 Aug 2023 | ₹28.7t | ₹7.6t | ₹1.1t | 34.8x | 25.6x | 3.8x |
| Wed, 26 Jul 2023 | ₹28.1t | ₹7.5t | ₹1.1t | 32.3x | 25x | 3.7x |
| Fri, 23 Jun 2023 | ₹27.5t | ₹7.4t | ₹1.1t | 33.5x | 25x | 3.7x |
| Sun, 21 May 2023 | ₹26.9t | ₹7.4t | ₹1.1t | 28x | 24.2x | 3.6x |
| Tue, 18 Apr 2023 | ₹25.8t | ₹7.2t | ₹1.1t | 25.2x | 23.7x | 3.6x |
| Thu, 16 Mar 2023 | ₹27.1t | ₹7.1t | ₹1.1t | 23.6x | 25.1x | 3.8x |
| Sat, 11 Feb 2023 | ₹29.4t | ₹7.1t | ₹1.1t | 25.2x | 27.2x | 4.1x |
| Mon, 09 Jan 2023 | ₹26.9t | ₹6.8t | ₹1.1t | 24.8x | 25.5x | 3.9x |
| Wed, 07 Dec 2022 | ₹29.0t | ₹6.8t | ₹1.1t | 26x | 27.5x | 4.3x |
| Fri, 04 Nov 2022 | ₹27.3t | ₹6.8t | ₹1.1t | 24.3x | 25.8x | 4x |
| Sun, 02 Oct 2022 | ₹25.3t | ₹6.5t | ₹1.0t | 22.3x | 24.3x | 3.9x |
| Tue, 30 Aug 2022 | ₹26.0t | ₹6.5t | ₹1.0t | 24.3x | 25.2x | 4x |
| Thu, 28 Jul 2022 | ₹26.3t | ₹6.4t | ₹1.0t | 26x | 25.5x | 4.1x |
| Sat, 25 Jun 2022 | ₹26.5t | ₹6.1t | ₹1.0t | 26x | 25.9x | 4.3x |
| Mon, 23 May 2022 | ₹27.2t | ₹6.1t | ₹1.0t | 27.7x | 26.6x | 4.4x |
| Wed, 20 Apr 2022 | ₹29.5t | ₹6.0t | ₹995.7b | 32x | 29.6x | 4.9x |
Price to Earnings Ratio
29.6x
Current Industry PE
- Investors are pessimistic on the Indian IT Consulting and Other Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 23.5x which is lower than its 3-year average PE of 27.8x.
- The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the IT Consulting and Other Services industry have grown 8.0% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian IT Consulting compare with similar industries?
| IN Market | -0.46% | |
| Tech | -1.75% | |
| IT | -2.21% | |
| IT Consulting | -2.21% | |
| Data Processing Services | -2.58% | |
| Internet Services and Infrastructure | -4.11% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LTIM LTIMindtree | ₹4.24k | 2.5% +₹31.0b | -13.3% | PE27.5x | |
| MASTEK Mastek | ₹2.20k | 4.8% +₹3.1b | -16.0% | PE17.6x | |
| RSYSTEMS R Systems International | ₹320.70 | 3.3% +₹1.2b | -28.9% | PE28.9x | |
| 526433 ASM Technologies | ₹1.30k | 4.1% +₹605.8m | 35.9% | PE211.4x | |
| 544021 Protean eGov Technologies | ₹1.38k | 1.1% +₹592.0m | 9.4% | PE62.7x |
