Top IT Stocks Compared: TCS vs Infosys vs Wipro vs HCLTech vs Tech Mahindra on Price, Valuation, Q2 FY27 Results and Risks

Previous close: TCS Rs 2,501.70, Infosys Rs 1,135.00, Wipro Rs 196.40, HCLTech Rs 1,434.00, Tech Mahindra Rs 1,786.90.

IT stocks compared puts TCS, Infosys, Wipro, HCLTech and Tech Mahindra side by side on previous close, market value, valuation and Q2 FY27 numbers. These five companies earn most of their revenue overseas, so their results are shaped as much by global client budgets as by anything happening in India.

All five companies have filed their September 2026 quarter, so every result below is Q2 FY27 and is shown in rupee crore. IT shares often move on global technology cues, so the Nifty IT page and the Sensex page help you see the market mood before you open the tables.

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IT Stocks Compared: The Five Companies and What They Do

The IT stocks compared here are TCS, Infosys, Wipro, HCLTech and Tech Mahindra. TCS is the largest by market capitalisation at Rs 9,02,749 crore. Previous closes run from Rs 196.40 for Wipro to Rs 2,501.70 for TCS, which is why a side-by-side look at value rather than price is more useful. This IT stocks compared list is the base for every table that follows.

Stock	Previous close (Rs)	Market cap (Rs crore)
TCS	2,501.70	9,02,749
Infosys	1,135.00	4,71,979
Wipro	196.40	1,94,250
HCLTech	1,434.00	3,88,054
Tech Mahindra	1,786.90	1,75,006

A quick look at the business behind each ticker puts the numbers in context. TCS is India’s largest IT services company, serving global enterprises across banking, retail, manufacturing and more, while Infosys is a global IT services and consulting major with a strong digital and cloud practice. Wipro is a diversified IT services company with consulting, cloud and engineering offerings, and HCLTech is an IT services group with strength in engineering services, software products and infrastructure management. To compare IT stocks properly, line up price to earnings, dividend yield and operating margin before forming a view.

Rounding out the group, Tech Mahindra is a telecom-heavy IT services company that is widening its enterprise and digital engineering work. A fair IT stock comparison looks at what each company actually earns from, not only at the share price. A good IT stock comparison of IT majors should always include dividend yield next to price to earnings.

IT Stocks Valuation: Price to Earnings and Dividends

Wipro trades at the lowest price to earnings ratio in this group at 14.69. TCS reports the highest return on equity at 43.37%. Wipro has the lowest price to book value at 2.46. These IT stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this IT stocks compared table: price to earnings and dividend yield sit side by side so a high or low reading stands out at once.

Stock	Price to earnings	Price to book	ROE (%)	Dividend yield (%)	Debt to equity
TCS	17.41	7.58	43.37	4.41	0.10
Infosys	15.33	5.01	31.03	4.12	0.09
Wipro	14.69	2.46	16.68	5.94	0.28
HCLTech	21.17	5.10	24.08	3.78	0.08
Tech Mahindra	31.41	5.89	18.62	2.86	0.07

IT services firms hold little debt and generate plenty of cash, so price to earnings, return on equity and dividend yield do most of the work. Return on equity in this sector can look very high because the businesses need little capital, so use it to rank peers rather than to judge them against other sectors. Operating margin is the extra check, since it shows how much profit each rupee of revenue converts into. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple IT stock comparison like this one is only as useful as the context behind it, which is why operating margin is worth checking as well.

In this group, price to earnings runs from 14.69 for Wipro to 31.41 for Tech Mahindra. Wipro offers the highest dividend yield at 5.94%. The sector benchmark for price to earnings is 19.29, and every stock in the table can be measured against that figure. Stocks above that figure are being valued for faster growth or deal momentum, and stocks below it are priced closer to the sector norm. Readers who compare IT stocks often notice that the highest return on equity does not belong to the largest company by value. Run the same IT stock comparison on your own watchlist and the pattern in these numbers will be easier to spot. Whenever you compare IT stocks, note whether a premium is backed by returns or only by size.

IT Stocks Q2 FY27 Results: Growth and Margins

All of the five IT stocks compared have filed Q2 FY27 numbers. Tech Mahindra posted the fastest revenue growth at 15.2% year on year. Tech Mahindra showed the sharpest rise in net profit at 34.0%. Read revenue first and quarterly profit second, since the two together show how much of the growth reaches shareholders. Treat the Q2 FY27 numbers in this IT stocks compared review as a snapshot of one quarter, not a verdict on any IT services firm.

Stock	Q2 FY27 revenue (Rs crore)	Q2 FY26 revenue (Rs crore)	Q2 FY27 net profit (Rs crore)	Q2 FY26 net profit (Rs crore)
TCS	74,525	66,666	13,934	12,131
Infosys	50,092	45,472	7,838	7,375
Wipro	25,508	23,645
HCLTech	35,854	32,357	5,132	4,236
Tech Mahindra	16,173	14,035	1,610	1,202

TCS Results Snapshot

TCS reported Q2 FY27 revenue of Rs 74,525 crore, compared with Rs 66,666 crore a year earlier, a rise of 11.8%. Net profit rose 14.9% to Rs 13,934 crore from Rs 12,131 crore. Operating margin expanded to 27.5% from 26.9% a year ago. Earnings per share for the quarter rose to Rs 38.37 from Rs 33.37.

Infosys Results Snapshot

In the September 2026 quarter, Infosys booked revenue of Rs 50,092 crore against Rs 45,472 crore in the same quarter last year, a rise of 10.2%. Net profit rose 6.3% to Rs 7,838 crore from Rs 7,375 crore. Earnings per share for the quarter rose to Rs 19.30 from Rs 17.74.

Wipro Results Snapshot

Wipro’s Q2 FY27 top line stood at Rs 25,508 crore, versus Rs 23,645 crore in Q2 FY26, a rise of 7.9%. Net profit for the quarter was Rs 3,200 crore.

HCLTech Results Snapshot

HCLTech reported Q2 FY27 revenue of Rs 35,854 crore, compared with Rs 32,357 crore a year earlier, a rise of 10.8%. Net profit rose 21.2% to Rs 5,132 crore from Rs 4,236 crore. Net profit margin improved to 14.4% from 13.3%. Earnings per share for the quarter rose to Rs 18.93 from Rs 15.61.

Tech Mahindra Results Snapshot

In the September 2026 quarter, Tech Mahindra booked revenue of Rs 16,173 crore against Rs 14,035 crore in the same quarter last year, a rise of 15.2%. Net profit rose 34.0% to Rs 1,610 crore from Rs 1,202 crore. Operating margin expanded to 17.7% from 15.8% a year ago. Earnings per share for the quarter rose to Rs 17.84 from Rs 13.46.

The September 2026 quarter shows revenue growth at all five companies, with operating margins that vary by company. In IT, margins and deal wins are as important as the top line, so open each company’s results presentation for large-deal numbers and the management outlook. That is the kind of insight a well-built IT stocks compared table can give you in a minute. When you compare IT stocks after each result season, track how operating margin changes from one quarter to the next. An IT stock comparison built on one quarter of data is a starting point, and the next set of results will update it.

IT Stocks Compared Two at a Time: Who Leads on Which Metric

Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare IT stocks two at a time.

TCS vs Infosys

TCS and Infosys are the two largest IT services names on the exchange and the first pair most readers want to see. TCS is about 1.9 times the size of Infosys by market capitalisation, at Rs 9,02,749 crore against Rs 4,71,979 crore. On price to earnings, Infosys carries the lower multiple at 15.33 against 17.41 for TCS. TCS reports the higher return on equity, at 43.37% against 31.03% for Infosys. Both pay regular dividends and carry almost no debt, so valuation and return on equity are the clearest tie-breakers.

HCLTech vs Tech Mahindra

HCLTech and Tech Mahindra are mid-sized names that often get compared because both are widening beyond classic services. On price to earnings, HCLTech carries the lower multiple at 21.17 against 31.41 for Tech Mahindra. HCLTech reports the higher return on equity, at 24.08% against 18.62% for Tech Mahindra. For dividend income, HCLTech offers 3.78% against 2.86% at Tech Mahindra. The two have different client mixes, so read their segment commentary alongside the headline numbers.

Wipro vs Infosys

Wipro and Infosys are frequent peers on watchlists, with Wipro often drawing attention for its dividend yield. Infosys reports the higher return on equity, at 31.03% against 16.68% for Wipro. For dividend income, Wipro offers 5.94% against 4.12% at Infosys. In Q2 FY27, Infosys grew revenue faster, at 10.2% year on year against 7.9% for Wipro. Dividend-minded readers tend to start with the higher yield, but a quick check of growth tells you what that income comes with.

Best IT Stocks by Investor Goal

People who ask for the best IT stocks often have very different goals, so here is who leads on each measure today, row by row. Any IT stocks compared table can mislead if you stop at one row, because each IT services firm leads on a different measure.

If you care most about	Start your research with	The number
Lowest price to earnings	Wipro	14.69
Highest return on equity	TCS	43.37%
Highest dividend yield	Wipro	5.94%
Lowest price to book value	Wipro	2.46
Largest by market capitalisation	TCS	Rs 9,02,749 crore
Fastest Q2 FY27 revenue growth	Tech Mahindra	15.2%
Sharpest Q2 FY27 net profit rise	Tech Mahindra	34.0%

IT is one of the few sectors where dividend yield is a serious filter, so the income row in the table deserves a look alongside valuation and returns.

What Is Steering IT Companies Right Now?

Indian IT services firms earn most of their revenue overseas, so client spending on cloud, data, AI and cost-saving programmes steers growth. Large deal wins and a strong order pipeline give these companies visibility that few other sectors can match. Knowing what moves global client budgets and the rupee helps you compare IT stocks with the right questions in mind.

Operating margin, deal momentum, attrition and the rupee all shape quarterly results. Investors also look at dividend payouts and buybacks, since cash-rich IT companies often return a large share of profit to shareholders. A good IT stocks compared routine therefore tracks deal wins, operating margin, attrition and the rupee. The sector backdrop helps every name here, but an IT stock comparison shows it does not help them equally.

Risks to Weigh When You Compare IT Stocks

IT stocks are sensitive to global technology budgets, currency moves, visa rules and client concentration. A slowdown in the United States or Europe can ripple through order books. Read each company’s outlook commentary along with the numbers before you decide which name suits your goals. Every IT stock comparison has blind spots, and for this group the biggest is global client budgets and the rupee. A thoughtful IT stocks compared review keeps these risks next to the numbers instead of in a footnote.

Because deal wins, operating margin, attrition and the rupee drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this IT stocks compared guide a balanced starting point.

How to Compare IT Stocks and Build a Shortlist

Start with market value to see scale, then move to return on equity and price to earnings to compare quality with price. Dividend yield is a useful filter for readers who like regular payouts from cash-rich companies. Done step by step, this IT stocks compared routine becomes repeatable rather than a one-off exercise.

After that, read each company’s outlook statement and the large-deal numbers in its results presentation. Holding two IT names of different sizes is a simple way to balance steady scale with faster growth. Keep the shortlist of best IT stocks short enough that you can actually follow each company’s quarterly results. When you compare IT stocks again after new results, update only the rows that changed instead of starting over.

The Univest stock screener lets you filter IT stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this IT stocks compared page after the next set of results to see which numbers have moved.

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Conclusion: IT Stocks Compared at a Glance

This IT stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. TCS leads on both size and return on equity, though the others bring strengths of their own. Treat the IT stocks Q2 FY27 results and IT stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare IT stocks again next quarter, the same checklist of price to earnings, dividend yield and operating margin will work.

Frequently Asked Questions on IT Stocks Compared

Which are the top IT stocks compared in this article?

Ans. The IT stocks compared in this article are TCS, Infosys, Wipro, HCLTech and Tech Mahindra. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, giving you a quick, even-handed view of the group ahead of any detailed filing review.

Which IT stock has the highest market capitalisation?

Ans. Among the five names, TCS has the highest market capitalisation at Rs 9,02,749 crore. Infosys follows at Rs 4,71,979 crore. The figure reflects what the market is paying for the whole company today, and it will change as prices move, so refresh it before you decide.

Which of these IT stocks has the lowest price to earnings ratio?

Ans. On IT stocks valuation, Wipro has the lowest price to earnings ratio among these IT stocks at 14.69, based on the latest reported earnings. Tech Mahindra sits at the other end at 31.41. The lowest ratio is not a verdict on the stock, since earnings growth and quality decide whether a multiple is fair.

Which IT stock has the highest return on equity?

Ans. TCS reports the highest return on equity in this group at 43.37%. A higher return on equity points to a company that turns shareholder funds into profit efficiently. Check the trend over time and the debt level before leaning on a single reading.

How did IT stocks perform in Q2 FY27 results?

Ans. All of the five names have filed Q2 FY27 numbers in our data. Tech Mahindra recorded the fastest revenue growth at 15.2% year on year. Tech Mahindra showed the sharpest net profit rise at 34.0%. For IT stocks Q2 FY27 results, each filing on the exchange website carries the full detail behind these figures.

What are the main risks when you compare IT stocks?

Ans. IT stocks are sensitive to global technology budgets, currency moves, visa rules and client concentration. A slowdown in the United States or Europe can ripple through order books. Read each company’s outlook commentary along with the numbers before you decide which name suits your goals. Keep an eye on deal wins, operating margin, attrition and the rupee.

Which metrics matter most when you compare IT stocks?

Ans. Price to earnings, return on equity, operating margin and dividend yield are the main yardsticks, because IT services firms carry little debt and generate steady cash. Large-deal wins, attrition and the rupee move against the dollar explain quarterly swings in revenue and margin. Look at the same metrics over several quarters, since a single result can be affected by currency or deal timing.

Which is the best IT stock to buy among these five?

Ans. The best IT stock depends on whether you want scale, dividends or faster growth from a smaller base. On the numbers in this article, TCS has the largest market capitalisation as well as the highest return on equity; Wipro has the lowest price to earnings as well as the highest dividend yield. The leaders change from row to row, so no stock stands out on everything, and this article is not advice. Shortlist from the tables, verify with the latest filings, and consult a SEBI-registered advisor, since time horizon and risk appetite matter most.