TCS vs Tech Mahindra: share price, P/E, ROE and financials compared
Tata Consultancy Services
Tech Mahindra
TCS and Tech Mahindra at a glance
TCS and Tech Mahindra are both listed in Information Technology. TCS is the larger by market cap, at ₹9.0L Cr against ₹1.8L Cr for Tech Mahindra (5.0 times as large). On valuation, TCS has the lower P/E (17.5× against 29.4×), while Tech Mahindra has the lower price-to-book (5.47× against 7.60×). On returns and margins, TCS has the higher ROCE (54.9% against 19.8%), the higher ROE (45.6% against 19.2%) and the higher operating margin (26.5% against 17.2%). Over three years, TCS has faster 3-year sales growth (+5.8% against +2.2% a year) and faster 3-year profit growth (+5.3% against −0.1% a year). Neither carries much debt for its equity: debt-to-equity is 0.10× for TCS and 0.07× for Tech Mahindra.
Key metrics, side by side
| Metric | TCSTCS | Tech MahindraTECHM |
|---|---|---|
| Price (₹) | 2,498.50 | 1,831.00 |
| Market cap (₹ Cr) | 9,03,979 | 1,79,476 |
| P/E | 17.5× (the lower figure, shaded) | 29.4× |
| P/B | 7.60× | 5.47× (the lower figure, shaded) |
| Dividend yield, trailing | 4.48% (the higher figure, shaded) | 2.79% |
| ROE | 45.6% (the higher figure, shaded) | 19.2% |
| ROCE | 54.9% (the higher figure, shaded) | 19.8% |
| Operating margin (OPM) | 26.5% (the higher figure, shaded) | 17.2% |
| Net margin (NPM) | 18.2% (the higher figure, shaded) | 9.0% |
| Sales CAGR 3Y | +5.8% (the higher figure, shaded) | +2.2% |
| Profit CAGR 3Y | +5.3% (the higher figure, shaded) | −0.1% |
| Debt to equity | 0.10× | 0.07× |
| Interest cover | 54.4× (the higher figure, shaded) | 20.5× |
| Net profit TTM (₹ Cr) | 51,608 | 5,527 |
| 1Y return | −16.5% | +29.3% (the higher figure, shaded) |
| Promoter holding | 71.77% | – |
TCS vs Tech Mahindra: common questions
Which is bigger, TCS or Tech Mahindra?
By market cap, TCS is bigger at ₹9.0L Cr, against ₹1.8L Cr for Tech Mahindra (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹51,608 Cr for TCS and ₹5,527 Cr for Tech Mahindra.
Which has a lower P/E ratio, TCS or Tech Mahindra?
TCS trades at a P/E of 17.5× and Tech Mahindra at 29.4×. 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 Tech Mahindra?
TCS reports a return on equity of 45.6% and Tech Mahindra 19.2%. TCS has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, TCS or Tech Mahindra?
Over the last three years: Sales grew +5.8% a year at TCS and +2.2% at Tech Mahindra, so TCS grew sales faster; profit grew +5.3% a year at TCS and −0.1% at Tech Mahindra, so TCS grew profit faster. Past growth doesn’t predict future growth.