TCS vs HCL Technologies: share price, P/E, ROE and financials compared
Tata Consultancy Services
HCL Technologies
TCS and HCL Technologies at a glance
TCS and HCL Technologies are both listed in Information Technology. TCS is the larger by market cap, at ₹9.0L Cr against ₹3.9L Cr for HCL Technologies (2.3 times as large). On valuation, TCS has the lower P/E (17.5× against 21.3×), while HCL Technologies has the lower price-to-book (5.20× against 7.60×). On returns and margins, TCS has the higher ROCE (54.9% against 27.2%), the higher ROE (45.6% against 24.6%) and the higher operating margin (26.5% against 20.8%). Over three years, TCS has faster 3-year profit growth (+5.3% against +3.9% a year), while HCL Technologies has faster 3-year sales growth (+8.7% against +5.8% a year). Neither carries much debt for its equity: debt-to-equity is 0.10× for TCS and 0.08× for HCL Technologies.
Key metrics, side by side
| Metric | TCSTCS | HCL TechnologiesHCLTECH |
|---|---|---|
| Price (₹) | 2,498.50 | 1,440.00 |
| Market cap (₹ Cr) | 9,03,979 | 3,89,754 |
| P/E | 17.5× (the lower figure, shaded) | 21.3× |
| P/B | 7.60× | 5.20× (the lower figure, shaded) |
| Dividend yield, trailing | 4.48% (the higher figure, shaded) | 4.17% |
| ROE | 45.6% (the higher figure, shaded) | 24.6% |
| ROCE | 54.9% (the higher figure, shaded) | 27.2% |
| Operating margin (OPM) | 26.5% (the higher figure, shaded) | 20.8% |
| Net margin (NPM) | 18.2% (the higher figure, shaded) | 13.2% |
| Sales CAGR 3Y | +5.8% | +8.7% (the higher figure, shaded) |
| Profit CAGR 3Y | +5.3% (the higher figure, shaded) | +3.9% |
| Debt to equity | 0.10× | 0.08× |
| Interest cover | 54.4× (the higher figure, shaded) | 26.4× |
| Net profit TTM (₹ Cr) | 51,608 | 18,320 |
| 1Y return | −16.5% | −6.4% (the higher figure, shaded) |
| Promoter holding | 71.77% | 60.88% |
TCS vs HCL Technologies: common questions
Which is bigger, TCS or HCL Technologies?
By market cap, TCS is bigger at ₹9.0L Cr, against ₹3.9L Cr for HCL Technologies (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹51,608 Cr for TCS and ₹18,320 Cr for HCL Technologies.
Which has a lower P/E ratio, TCS or HCL Technologies?
TCS trades at a P/E of 17.5× and HCL Technologies at 21.3×. 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, TCS or HCL Technologies?
TCS reports a return on equity of 45.6% and HCL Technologies 24.6%. TCS has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, TCS or HCL Technologies?
Over the last three years: Sales grew +5.8% a year at TCS and +8.7% at HCL Technologies, so HCL Technologies grew sales faster; profit grew +5.3% a year at TCS and +3.9% at HCL Technologies, so TCS grew profit faster. Past growth doesn’t predict future growth.