Valuation
Company Industry Analyst Rating MktCap
(US$bn)
Price Target
Price
Up/
down (%)
CORE EPS EPS Growth (%) PER (x) P/Bk (x) EV/EBITDA (x) Yield (%) ROAE (%)
FY24 FY25F FY26F FY25F FY26F FY25F FY26F FY25F FY26F FY25F FY25F FY25F
Birlasoft IT Services Abhishek SHINDADKAR HOLD 1.3 392 509 29.8% 22.2 18.6 21.5 (16.5%) 16.0% 21.12 18.21 3.29 2.99 13.34 1.91% 16.4%
Coforge Limited IT Services Abhishek SHINDADKAR REDUCE 6.1 7,762 7,748 (0.2)% 129.5 126.3 205.0 (2.5%) 62.3% 61.47 37.87 12.98 11.99 26.19 0.95% 25.8%
Cyient Limited IT Services Abhishek SHINDADKAR HOLD 1.6 1,250 1,773 41.8% 70.0 52.9 74.5 (24.4%) 40.7% 23.63 16.79 3.09 2.85 11.65 2.83% 18.2%
FSN Ecommerce Technology - Others Shubham Dalia REDUCE 6.0 180 103 (42.6)% 0.2 0.2 0.2 53.3% (2.7%) 766.81 787.76 38.65 36.84 116.31 0.00% 5.2%
HCL Technologies IT Services Abhishek SHINDADKAR ADD 48.5 1,528 2,021 32.3% 58.0 64.0 69.9 10.3% 9.3% 23.87 21.84 5.92 5.84 15.22 3.80% 25.1%
Infosys IT Services Abhishek SHINDADKAR ADD 75.3 1,550 2,166 39.7% 63.0 63.0 72.0 0.0% 14.2% 24.60 21.54 6.97 6.65 15.91 3.41% 29.0%
L&T Infotech IT Services Abhishek SHINDADKAR HOLD 0.0 0 5,251 0.0% 185.1 0.0 0.0 0.0% 0.0% 0.00 0.00 0.00 0.00 0.00 0.00% 0.0%
L&T Technology Services Ltd IT Services Abhishek SHINDADKAR HOLD 5.7 4,636 5,863 26.5% 122.5 129.1 153.5 5.4% 18.9% 35.91 30.19 8.03 6.98 23.43 1.16% 23.9%
LTIMindtree Ltd IT Services Abhishek SHINDADKAR ADD 15.6 4,500 5,320 18.2% 154.6 158.1 180.3 2.3% 14.0% 28.46 24.95 5.90 5.27 18.54 1.55% 22.0%
Mindtree Ltd IT Services Abhishek SHINDADKAR ADD 0.0 0 3,699 0.0% 134.0 0.0 0.0 0.0% 0.0% 0.00 0.00 0.00 0.00 0.00 0.00% 0.0%
Mphasis IT Services Abhishek SHINDADKAR HOLD 5.5 2,474 3,258 31.7% 81.9 88.8 102.4 8.4% 15.3% 27.85 24.16 5.11 4.80 17.16 2.63% 18.8%
Persistent Systems Ltd IT Services Abhishek SHINDADKAR HOLD 9.7 5,318 6,863 29.1% 71.3 89.7 112.5 25.9% 25.4% 59.26 47.25 14.08 11.91 39.26 0.60% 34.0%
Sonata Software IT Services Abhishek SHINDADKAR ADD 1.2 352 399 13.4% 11.1 15.8 19.1 41.9% 21.1% 22.28 18.40 5.74 5.07 12.79 1.42% 28.2%
Swiggy Ltd E-Commerce Abhishek SHINDADKAR ADD 9.2 345 540 56.8% (10.5) (8.7) (0.9) (16.7%) (90.0%) (39.40) (394.34) 7.47 7.61 (36.49) 0.00% (21.4%)
Tata Consultancy Services IT Services Abhishek SHINDADKAR ADD 149.9 3,544 3,925 10.7% 128.5 137.0 150.0 6.6% 9.5% 25.86 23.62 13.68 12.93 18.11 3.78% 53.8%
Tata Elxsi Ltd Technology - Overall Abhishek SHINDADKAR REDUCE 3.8 5,230 6,064 15.9% 127.2 138.4 162.1 8.8% 17.1% 37.78 32.26 11.35 9.91 26.17 1.53% 32.1%
Tata Technologies Ltd Technology - Overall Abhishek SHINDADKAR REDUCE 3.3 688 740 7.6% 16.7 17.1 20.9 2.4% 21.9% 40.12 32.92 8.00 7.17 26.59 1.53% 20.7%
Wipro IT Services Abhishek SHINDADKAR HOLD 32.3 264 466 76.9% 20.4 22.7 25.1 11.0% 10.9% 11.62 10.48 1.79 1.73 6.12 6.94% 15.8%
Zomato Ltd E-Commerce Abhishek SHINDADKAR ADD 23.9 212 270 27.4% 0.4 0.9 2.1 142.0% 141.1% 240.89 99.90 6.87 6.43 207.35 0.00% 3.4%