Infosys vs Tech Mahindra: share price, P/E, ROE and financials compared
Infosys
Tech Mahindra
Infosys and Tech Mahindra at a glance
Infosys and Tech Mahindra are both listed in Information Technology. Infosys is the larger by market cap, at ₹4.8L Cr against ₹1.8L Cr for Tech Mahindra (2.7 times as large). On valuation, Infosys has the lower P/E (15.7× against 29.4×) and the lower price-to-book (4.91× against 5.47×). On returns and margins, Infosys has the higher ROCE (39.0% against 19.8%), the higher ROE (30.0% against 19.2%) and the higher operating margin (23.1% against 17.2%). Over three years, Infosys has faster 3-year sales growth (+6.7% against +2.2% a year) and faster 3-year profit growth (+6.9% against −0.1% a year). Neither carries much debt for its equity: debt-to-equity is 0.09× for Infosys and 0.07× for Tech Mahindra.
Key metrics, side by side
| Metric | InfosysINFY | Tech MahindraTECHM |
|---|---|---|
| Price (₹) | 1,181.40 | 1,831.00 |
| Market cap (₹ Cr) | 4,78,511 | 1,79,476 |
| P/E | 15.7× (the lower figure, shaded) | 29.4× |
| P/B | 4.91× (the lower figure, shaded) | 5.47× |
| Dividend yield, trailing | 4.32% (the higher figure, shaded) | 2.79% |
| ROE | 30.0% (the higher figure, shaded) | 19.2% |
| ROCE | 39.0% (the higher figure, shaded) | 19.8% |
| Operating margin (OPM) | 23.1% (the higher figure, shaded) | 17.2% |
| Net margin (NPM) | 16.2% (the higher figure, shaded) | 9.0% |
| Sales CAGR 3Y | +6.7% (the higher figure, shaded) | +2.2% |
| Profit CAGR 3Y | +6.9% (the higher figure, shaded) | −0.1% |
| Debt to equity | 0.09× | 0.07× |
| Interest cover | 96.9× (the higher figure, shaded) | 20.5× |
| Net profit TTM (₹ Cr) | 30,651 | 5,527 |
| 1Y return | −20.5% | +29.3% (the higher figure, shaded) |
| Promoter holding | – | – |
Infosys vs Tech Mahindra: common questions
Which is bigger, Infosys or Tech Mahindra?
By market cap, Infosys is bigger at ₹4.8L Cr, against ₹1.8L Cr for Tech Mahindra (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹30,651 Cr for Infosys and ₹5,527 Cr for Tech Mahindra.
Which has a lower P/E ratio, Infosys or Tech Mahindra?
Infosys trades at a P/E of 15.7× and Tech Mahindra at 29.4×. 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 Tech Mahindra?
Infosys reports a return on equity of 30.0% and Tech Mahindra 19.2%. Infosys has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Infosys or Tech Mahindra?
Over the last three years: Sales grew +6.7% a year at Infosys and +2.2% at Tech Mahindra, so Infosys grew sales faster; profit grew +6.9% a year at Infosys and −0.1% at Tech Mahindra, so Infosys grew profit faster. Past growth doesn’t predict future growth.