TCS vs Infosys: share price, P/E, ROE and financials compared
Tata Consultancy Services
Infosys
TCS and Infosys at a glance
TCS and Infosys are both listed in Information Technology. TCS is the larger by market cap, at ₹9.0L Cr against ₹4.8L Cr for Infosys (1.9 times as large). On valuation, Infosys has the lower P/E (15.7× against 17.5×) and the lower price-to-book (4.91× against 7.60×). On returns and margins, TCS has the higher ROCE (54.9% against 39.0%), the higher ROE (45.6% against 30.0%) and the higher operating margin (26.5% against 23.1%). Over three years, Infosys has faster 3-year sales growth (+6.7% against +5.8% a year) and faster 3-year profit growth (+6.9% against +5.3% a year). Neither carries much debt for its equity: debt-to-equity is 0.10× for TCS and 0.09× for Infosys.
Key metrics, side by side
| Metric | TCSTCS | InfosysINFY |
|---|---|---|
| Price (₹) | 2,498.50 | 1,181.40 |
| Market cap (₹ Cr) | 9,03,979 | 4,78,511 |
| P/E | 17.5× | 15.7× (the lower figure, shaded) |
| P/B | 7.60× | 4.91× (the lower figure, shaded) |
| Dividend yield, trailing | 4.48% (the higher figure, shaded) | 4.32% |
| ROE | 45.6% (the higher figure, shaded) | 30.0% |
| ROCE | 54.9% (the higher figure, shaded) | 39.0% |
| Operating margin (OPM) | 26.5% (the higher figure, shaded) | 23.1% |
| Net margin (NPM) | 18.2% (the higher figure, shaded) | 16.2% |
| Sales CAGR 3Y | +5.8% | +6.7% (the higher figure, shaded) |
| Profit CAGR 3Y | +5.3% | +6.9% (the higher figure, shaded) |
| Debt to equity | 0.10× | 0.09× |
| Interest cover | 54.4× | 96.9× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 51,608 | 30,651 |
| 1Y return | −16.5% (the higher figure, shaded) | −20.5% |
| Promoter holding | 71.77% | 13.90% |
TCS vs Infosys: common questions
Which is bigger, TCS or Infosys?
By market cap, TCS is bigger at ₹9.0L Cr, against ₹4.8L Cr for Infosys (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹51,608 Cr for TCS and ₹30,651 Cr for Infosys.
Which has a lower P/E ratio, TCS or Infosys?
TCS trades at a P/E of 17.5× and Infosys at 15.7×. 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, TCS or Infosys?
TCS reports a return on equity of 45.6% and Infosys 30.0%. TCS has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, TCS or Infosys?
Over the last three years: Sales grew +5.8% a year at TCS and +6.7% at Infosys, so Infosys grew sales faster; profit grew +5.3% a year at TCS and +6.9% at Infosys, so Infosys grew profit faster. Past growth doesn’t predict future growth.