Wipro vs Tech Mahindra: share price, P/E, ROE and financials compared
Wipro
Tech Mahindra
Wipro and Tech Mahindra at a glance
Wipro and Tech Mahindra are both listed in Information Technology. Wipro is the larger by market cap, at ₹2.0L Cr against ₹1.8L Cr for Tech Mahindra. On valuation, Wipro has the lower P/E (15.6× against 29.4×) and the lower price-to-book (2.46× against 5.47×). On returns and margins, Wipro has the higher operating margin (19.2% against 17.2%), while Tech Mahindra has the higher ROCE (19.8% against 17.8%) and the higher ROE (19.2% against 15.9%). Over three years, Wipro has faster 3-year profit growth (+5.2% against −0.1% a year), while Tech Mahindra has faster 3-year sales growth (+2.2% against +0.8% a year). Tech Mahindra carries less debt for its equity, with a debt-to-equity of 0.07× against 0.28×.
Key metrics, side by side
| Metric | WiproWIPRO | Tech MahindraTECHM |
|---|---|---|
| Price (₹) | 198.00 | 1,831.00 |
| Market cap (₹ Cr) | 1,95,898 | 1,79,476 |
| P/E | 15.6× (the lower figure, shaded) | 29.4× |
| P/B | 2.46× (the lower figure, shaded) | 5.47× |
| Dividend yield, trailing | 4.04% (the higher figure, shaded) | 2.79% |
| ROE | 15.9% | 19.2% (the higher figure, shaded) |
| ROCE | 17.8% | 19.8% (the higher figure, shaded) |
| Operating margin (OPM) | 19.2% (the higher figure, shaded) | 17.2% |
| Net margin (NPM) | 13.6% (the higher figure, shaded) | 9.0% |
| Sales CAGR 3Y | +0.8% | +2.2% (the higher figure, shaded) |
| Profit CAGR 3Y | +5.2% (the higher figure, shaded) | −0.1% |
| Debt to equity | 0.28× | 0.07× (the lower figure, shaded) |
| Interest cover | 22.9× (the higher figure, shaded) | 20.5× |
| Net profit TTM (₹ Cr) | 13,219 | 5,527 |
| 1Y return | −16.6% | +29.3% (the higher figure, shaded) |
| Promoter holding | 72.58% | – |
Wipro vs Tech Mahindra: common questions
Which is bigger, Wipro or Tech Mahindra?
By market cap, Wipro is bigger at ₹2.0L Cr, against ₹1.8L Cr for Tech Mahindra (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹13,219 Cr for Wipro and ₹5,527 Cr for Tech Mahindra.
Which has a lower P/E ratio, Wipro or Tech Mahindra?
Wipro trades at a P/E of 15.6× and Tech Mahindra at 29.4×. Wipro 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, Wipro or Tech Mahindra?
Wipro reports a return on equity of 15.9% and Tech Mahindra 19.2%. Tech Mahindra has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Wipro or Tech Mahindra?
Over the last three years: Sales grew +0.8% a year at Wipro and +2.2% at Tech Mahindra, so Tech Mahindra grew sales faster; profit grew +5.2% a year at Wipro and −0.1% at Tech Mahindra, so Wipro grew profit faster. Past growth doesn’t predict future growth.