Infosys vs HCL Technologies: share price, P/E, ROE and financials compared
Infosys
HCL Technologies
Infosys and HCL Technologies at a glance
Infosys and HCL Technologies are both listed in Information Technology. Infosys is the larger by market cap, at ₹4.8L Cr against ₹3.9L Cr for HCL Technologies (1.2 times as large). On valuation, Infosys has the lower P/E (15.7× against 21.3×) and the lower price-to-book (4.91× against 5.20×). On returns and margins, Infosys has the higher ROCE (39.0% against 27.2%), the higher ROE (30.0% against 24.6%) and the higher operating margin (23.1% against 20.8%). Over three years, Infosys has faster 3-year profit growth (+6.9% against +3.9% a year), while HCL Technologies has faster 3-year sales growth (+8.7% against +6.7% a year). Neither carries much debt for its equity: debt-to-equity is 0.09× for Infosys and 0.08× for HCL Technologies.
Key metrics, side by side
| Metric | InfosysINFY | HCL TechnologiesHCLTECH |
|---|---|---|
| Price (₹) | 1,181.40 | 1,440.00 |
| Market cap (₹ Cr) | 4,78,511 | 3,89,754 |
| P/E | 15.7× (the lower figure, shaded) | 21.3× |
| P/B | 4.91× (the lower figure, shaded) | 5.20× |
| Dividend yield, trailing | 4.32% (the higher figure, shaded) | 4.17% |
| ROE | 30.0% (the higher figure, shaded) | 24.6% |
| ROCE | 39.0% (the higher figure, shaded) | 27.2% |
| Operating margin (OPM) | 23.1% (the higher figure, shaded) | 20.8% |
| Net margin (NPM) | 16.2% (the higher figure, shaded) | 13.2% |
| Sales CAGR 3Y | +6.7% | +8.7% (the higher figure, shaded) |
| Profit CAGR 3Y | +6.9% (the higher figure, shaded) | +3.9% |
| Debt to equity | 0.09× | 0.08× |
| Interest cover | 96.9× (the higher figure, shaded) | 26.4× |
| Net profit TTM (₹ Cr) | 30,651 | 18,320 |
| 1Y return | −20.5% | −6.4% (the higher figure, shaded) |
| Promoter holding | 13.90% | 60.88% |
Infosys vs HCL Technologies: common questions
Which is bigger, Infosys or HCL Technologies?
By market cap, Infosys is bigger at ₹4.8L Cr, against ₹3.9L Cr for HCL Technologies (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹30,651 Cr for Infosys and ₹18,320 Cr for HCL Technologies.
Which has a lower P/E ratio, Infosys or HCL Technologies?
Infosys trades at a P/E of 15.7× and HCL Technologies at 21.3×. Infosys 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, Infosys or HCL Technologies?
Infosys reports a return on equity of 30.0% and HCL Technologies 24.6%. Infosys has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Infosys or HCL Technologies?
Over the last three years: Sales grew +6.7% a year at Infosys and +8.7% at HCL Technologies, so HCL Technologies grew sales faster; profit grew +6.9% a year at Infosys and +3.9% at HCL Technologies, so Infosys grew profit faster. Past growth doesn’t predict future growth.