HCL Technologies vs Wipro: share price, P/E, ROE and financials compared
HCL Technologies
Wipro
HCL Technologies and Wipro at a glance
HCL Technologies and Wipro are both listed in Information Technology. HCL Technologies is the larger by market cap, at ₹3.9L Cr against ₹2.0L Cr for Wipro (2.0 times as large). On valuation, Wipro has the lower P/E (15.6× against 21.3×) and the lower price-to-book (2.46× against 5.20×). On returns and margins, HCL Technologies has the higher ROCE (27.2% against 17.8%), the higher ROE (24.6% against 15.9%) and the higher operating margin (20.8% against 19.2%). Over three years, HCL Technologies has faster 3-year sales growth (+8.7% against +0.8% a year), while Wipro has faster 3-year profit growth (+5.2% against +3.9% a year). HCL Technologies carries less debt for its equity, with a debt-to-equity of 0.08× against 0.28×.
Key metrics, side by side
| Metric | HCL TechnologiesHCLTECH | WiproWIPRO |
|---|---|---|
| Price (₹) | 1,440.00 | 198.00 |
| Market cap (₹ Cr) | 3,89,754 | 1,95,898 |
| P/E | 21.3× | 15.6× (the lower figure, shaded) |
| P/B | 5.20× | 2.46× (the lower figure, shaded) |
| Dividend yield, trailing | 4.17% (the higher figure, shaded) | 4.04% |
| ROE | 24.6% (the higher figure, shaded) | 15.9% |
| ROCE | 27.2% (the higher figure, shaded) | 17.8% |
| Operating margin (OPM) | 20.8% (the higher figure, shaded) | 19.2% |
| Net margin (NPM) | 13.2% | 13.6% |
| Sales CAGR 3Y | +8.7% (the higher figure, shaded) | +0.8% |
| Profit CAGR 3Y | +3.9% | +5.2% (the higher figure, shaded) |
| Debt to equity | 0.08× (the lower figure, shaded) | 0.28× |
| Interest cover | 26.4× (the higher figure, shaded) | 22.9× |
| Net profit TTM (₹ Cr) | 18,320 | 13,219 |
| 1Y return | −6.4% (the higher figure, shaded) | −16.6% |
| Promoter holding | 60.88% | 72.58% |
HCL Technologies vs Wipro: common questions
Which is bigger, HCL Technologies or Wipro?
By market cap, HCL Technologies is bigger at ₹3.9L Cr, against ₹2.0L Cr for Wipro (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹18,320 Cr for HCL Technologies and ₹13,219 Cr for Wipro.
Which has a lower P/E ratio, HCL Technologies or Wipro?
HCL Technologies trades at a P/E of 21.3× and Wipro at 15.6×. Wipro has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, HCL Technologies or Wipro?
HCL Technologies reports a return on equity of 24.6% and Wipro 15.9%. HCL Technologies has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, HCL Technologies or Wipro?
Over the last three years: Sales grew +8.7% a year at HCL Technologies and +0.8% at Wipro, so HCL Technologies grew sales faster; profit grew +3.9% a year at HCL Technologies and +5.2% at Wipro, so Wipro grew profit faster. Past growth doesn’t predict future growth.