Comparison · NSE · data 2026-11-01
Tata Consultancy Services Limited vs Tech Mahindra Limited
In plain words
Size: Tata Consultancy Services Limited is about 5.1 times the market value of Tech Mahindra Limited.
Valuation (P/E): Tech Mahindra Limited 28.8 vs Tata Consultancy Services Limited 17.6.
Return on equity: Tata Consultancy Services Limited 48.7% vs Tech Mahindra Limited 16.9%.
Profit growth over 3 years: Tata Consultancy Services Limited 5.3% a year vs Tech Mahindra Limited -0.1% a year.
Debt to equity: Tata Consultancy Services Limited 0.11 vs Tech Mahindra Limited 0.07.
Differences in the numbers, not a recommendation of either stock.
Side by side
| TCS | TECHM | |
|---|---|---|
| Price | ₹2,502.6 | ₹1,790.8 |
| Market cap | ₹9,03,075 cr | ₹1,75,672 cr |
| P/E | 17.6 | 28.8 |
| P/B | 7.6 | 5.4 |
| ROE | 48.7% | 16.9% |
| ROCE | 58.6% | 21.2% |
| Debt / equity | 0.11 | 0.07 |
| Operating margin | 24.6% | 14.1% |
| Dividend yield | 2.60% | 2.85% |
| Sales growth, 3 years (yearly) | 5.8% | 2.2% |
| Profit growth, 3 years (yearly) | 5.3% | -0.1% |
| 1-year return | -17.9% | 23.2% |
| Revenue, last 12 months | ₹2,83,248 cr | ₹61,361 cr |
| Net profit, last 12 months | ₹51,608 cr | ₹5,527 cr |
| Latest quarter | Sept 2026 | Sept 2026 |
| Quarter net profit | ₹13,884 cr | ₹1,586 cr |
| Quarter profit vs a year earlier | +15.0% | +32.7% |
| Promoter holding | 71.77% | 34.96% |
| Health check | Average (6.1/10) | Average (6.2/10) |
Common questions
Which has a higher P/E, Tata Consultancy Services Limited or Tech Mahindra Limited?
Tech Mahindra Limited trades at the higher P/E (28.8 against 17.6). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
Tata Consultancy Services Limited (48.7% against 16.9%).
Which carries more debt?
Tata Consultancy Services Limited has the higher debt-to-equity ratio (0.11 against 0.07).