Tata Consultancy Services Limited vs HCL Technologies Limited
An objective side-by-side of TCS and HCLTECH, both in Computers - Software - Large: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-11-05 close
Latest results: TCS Sep 2026 · HCLTECH Sep 2026
At a glance
- Tata Consultancy Services Limited is the larger company by market value, about 2.3 times the size of HCL Technologies Limited.
- On trailing earnings, Tata Consultancy Services Limited trades at the lower P/E (17.4 against 21.1).
- Tata Consultancy Services Limited earns the higher return on equity (43.6% against 24.4%).
- Over three years Tata Consultancy Services Limited has grown profits faster (8% a year against 6%).
- Over the past year the share prices returned -17.8% (TCS) and -7.7% (HCLTECH).
| Metric | Tata Consultancy TCS |
HCL Technologies HCLTECH |
|---|---|---|
| Size and price | ||
| Market cap | ₹902,966 Cr | ₹387,183 Cr |
| Share price | ₹2,495.70 | ₹1,430.50 |
| Valuation | ||
| P/E | 17.41 | 21.12 |
| P/B | 7.59 | 5.15 |
| EV/EBITDA | 12.21 | 13.78 |
| PEG | 2.18 | 3.52 |
| Dividend yield | 2.6% | 3.8% |
| Profitability | ||
| ROE | 43.6% | 24.4% |
| ROCE | 63.0% | 31.0% |
| Operating margin | 26.4% | 20.6% |
| Sales (TTM) | ₹283,248 Cr | ₹138,052 Cr |
| Net profit (TTM) | ₹51,858 Cr | ₹18,330 Cr |
| Growth | ||
| Latest quarter sales YoY | +11.2% | +11.5% |
| Latest quarter profit YoY | +14.9% | +21.2% |
| Sales CAGR 3Y | +6.0% | +9.0% |
| Profit CAGR 3Y | +8.0% | +6.0% |
| Sales CAGR 5Y | +10.0% | +12.0% |
| Profit CAGR 5Y | +9.0% | +10.0% |
| Financial strength | ||
| Debt/Equity | 0.10 | 0.07 |
| Interest cover | 54.47 | 25.72 |
| Ownership | ||
| Promoter holding | 71.8% | 60.9% |
| Promoter change (4 qtrs) | +0.00 pp | +0.06 pp |
| Price performance | ||
| Return 1M | +18.84% | +18.77% |
| Return 3M | +3.43% | +5.96% |
| Return 1Y | -17.78% | -7.70% |
| Return YTD | -22.16% | -11.88% |
| Technical condition | ||
| Technical score | 69 | 73 |
| RS rating (1-99) | 52.00 | 65.00 |
| % vs 200-DMA | +3.25% | +8.30% |
| RSI (14) | 62.70 | 65.08 |
| % from 52-week high | -25.50% | -19.64% |
