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 1.3 411 421 2.4% 22.2 18.3 20.0 (17.5%) 9.0% 22.43 20.57 3.43 3.15 14.00 1.58% 16.1%
Coforge Limited IT Services Abhishek SHINDADKAR HOLD 6.9 1,776 8,006 350.9% 129.5 122.0 206.0 (5.8%) 68.8% 14.55 8.62 2.97 2.74 6.16 4.22% 26.0%
Cyient Limited IT Services Abhishek SHINDADKAR HOLD 1.7 1,327 1,773 33.6% 70.0 52.9 74.5 (24.4%) 40.7% 25.07 17.82 3.28 3.03 12.38 2.67% 18.2%
FSN Ecommerce Technology - Others Shubham Dalia REDUCE 6.6 197 103 (47.6)% 0.2 0.2 0.2 53.3% (2.7%) 840.60 863.56 42.37 40.39 127.39 0.00% 5.2%
HCL Technologies IT Services Abhishek SHINDADKAR HOLD 51.9 1,638 1,585 (3.2)% 58.0 64.2 67.6 10.7% 5.3% 25.50 24.22 6.37 6.28 16.45 3.67% 25.2%
Infosys IT Services Abhishek SHINDADKAR ADD 75.9 1,564 1,575 0.7% 63.0 63.6 69.4 1.0% 9.0% 24.58 22.55 7.01 6.70 15.93 3.38% 29.2%
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 5.3 4,299 5,863 36.4% 122.5 129.1 153.5 5.4% 18.9% 33.30 28.00 7.45 6.47 21.63 1.25% 23.9%
LTIMindtree Ltd IT Services Abhishek SHINDADKAR ADD 18.0 5,204 5,049 (3.0)% 154.6 155.0 177.2 0.3% 14.4% 33.58 29.36 6.81 6.09 22.37 1.25% 21.5%
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 5.7 2,545 3,258 28.0% 81.9 88.8 102.4 8.4% 15.3% 28.65 24.85 5.25 4.94 17.68 2.56% 18.8%
Persistent Systems Ltd IT Services Abhishek SHINDADKAR HOLD 10.4 5,677 6,863 20.9% 71.3 89.7 112.5 25.9% 25.4% 63.26 50.44 15.03 12.72 41.97 0.56% 34.0%
Sonata Software IT Services Abhishek SHINDADKAR ADD 1.3 410 399 (2.8)% 11.1 15.8 19.1 41.9% 21.1% 25.99 21.47 6.70 5.91 15.11 1.22% 28.2%
Swiggy Ltd E-Commerce Abhishek SHINDADKAR ADD 10.9 374 540 44.3% (10.5) (8.7) (0.9) (16.7%) (90.0%) (42.81) (428.50) 8.11 8.27 (39.82) 0.00% (21.4%)
Tata Consultancy Services IT Services Abhishek SHINDADKAR ADD 143.0 3,384 3,589 6.1% 128.5 134.2 142.0 4.4% 5.8% 25.22 23.84 13.06 12.38 17.55 3.90% 52.7%
Tata Elxsi Ltd Technology - Overall Abhishek SHINDADKAR REDUCE 4.7 6,473 4,641 (28.3)% 127.2 126.0 133.0 (0.9%) 5.5% 51.36 48.67 14.10 13.02 39.76 1.16% 29.3%
Tata Technologies Ltd Technology - Overall Abhishek SHINDADKAR REDUCE 3.6 758 740 (2.4)% 16.7 17.1 20.9 2.4% 21.9% 44.24 36.30 8.82 7.91 29.45 1.38% 20.7%
Wipro IT Services Abhishek SHINDADKAR REDUCE 30.4 249 233 (6.1)% 13.8 12.5 12.5 (9.5%) 0.1% 19.85 19.84 3.38 3.27 12.79 4.03% 17.3%