Reliance Industries vs TCS: share price, P/E, ROE and financials compared
Reliance Industries
Tata Consultancy Services
Reliance Industries and TCS at a glance
Reliance Industries is the larger by market cap, at ₹17.9L Cr against ₹9.0L Cr for TCS (2.0 times as large). On valuation, Reliance Industries has the lower price-to-book (1.89× against 7.60×), while TCS has the lower P/E (17.5× against 21.8×). On returns and margins, TCS has the higher ROCE (54.9% against 9.0%), the higher ROE (45.6% against 8.8%) and the higher operating margin (26.5% against 11.2%). Over three years, Reliance Industries has faster 3-year sales growth (+6.4% against +5.8% a year) and faster 3-year profit growth (+6.6% against +5.3% a year). TCS carries less debt for its equity, with a debt-to-equity of 0.10× against 0.44×.
Key metrics, side by side
| Metric | Reliance IndustriesRELIANCE | TCSTCS |
|---|---|---|
| Price (₹) | 1,320.00 | 2,498.50 |
| Market cap (₹ Cr) | 17,86,286 | 9,03,979 |
| P/E | 21.8× | 17.5× (the lower figure, shaded) |
| P/B | 1.89× (the lower figure, shaded) | 7.60× |
| Dividend yield, trailing | 0.45% | 4.48% (the higher figure, shaded) |
| ROE | 8.8% | 45.6% (the higher figure, shaded) |
| ROCE | 9.0% | 54.9% (the higher figure, shaded) |
| Operating margin (OPM) | 11.2% | 26.5% (the higher figure, shaded) |
| Net margin (NPM) | 6.8% | 18.2% (the higher figure, shaded) |
| Sales CAGR 3Y | +6.4% (the higher figure, shaded) | +5.8% |
| Profit CAGR 3Y | +6.6% (the higher figure, shaded) | +5.3% |
| Debt to equity | 0.44× | 0.10× (the lower figure, shaded) |
| Interest cover | 6.1× | 54.4× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 82,110 | 51,608 |
| 1Y return | −10.8% (the higher figure, shaded) | −16.5% |
| Promoter holding | – | 71.77% |
Reliance Industries vs TCS: common questions
Which is bigger, Reliance Industries or TCS?
By market cap, Reliance Industries is bigger at ₹17.9L Cr, against ₹9.0L Cr for TCS (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹82,110 Cr for Reliance Industries and ₹51,608 Cr for TCS.
Which has a lower P/E ratio, Reliance Industries or TCS?
Reliance Industries trades at a P/E of 21.8× and TCS at 17.5×. TCS 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, Reliance Industries or TCS?
Reliance Industries reports a return on equity of 8.8% and TCS 45.6%. TCS has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Reliance Industries or TCS?
Over the last three years: Sales grew +6.4% a year at Reliance Industries and +5.8% at TCS, so Reliance Industries grew sales faster; profit grew +6.6% a year at Reliance Industries and +5.3% at TCS, so Reliance Industries grew profit faster. Past growth doesn’t predict future growth.