Tech Mahindra vs HCL Technologies vs Oracle Financial Services Software: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Tech Mahindra PE 29.42, mkt cap Rs 1,51,931 crore. HCL Technologies PE 19.77, mkt cap Rs 3,44,635 crore. Oracle Financial Services Software PE 28.00, mkt cap Rs 95,574 crore.
Quick Answer
Tech Mahindra vs HCL Technologies vs Oracle Financial Services Software is a side-by-side comparison of three companies from the IT Services (Large-cap, Fresh Set) space. On this comparison, Tech Mahindra carries a market capitalisation of about Rs 1,51,931 crore against Rs 3,44,635 crore for HCL Technologies and Rs 95,574 crore for Oracle Financial Services Software, with return on equity of 16.24%, 22.14% and 33.72% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Tech Mahindra vs HCL Technologies vs Oracle Financial Services Software starts with the core numbers most investors compare within the IT Services (Large-cap, Fresh Set) segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the IT Services (Large-cap, Fresh Set) bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Tech Mahindra, HCL Technologies and Oracle Financial Services Software: Company Overview
Tech Mahindra is a listed Indian company in the IT Services (Large-cap, Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
HCL Technologies is a listed Indian company in the IT Services (Large-cap, Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Oracle Financial Services Software is a listed Indian company in the IT Services (Large-cap, Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Tech Mahindra vs HCL Technologies vs Oracle Financial Services Software: Valuation and Profitability Snapshot
| Metric | Tech Mahindra | HCL Technologies | Oracle Financial Services Software |
|---|---|---|---|
| Market Cap (approx.) | Rs 1,51,931 crore | Rs 3,44,635 crore | Rs 95,574 crore |
| PE Ratio (TTM) | 29.42 | 19.77 | 28.00 |
| PB Ratio | 5.12 | 4.59 | 12.21 |
| Return on Equity (ROE) | 16.24% | 22.14% | 33.72% |
| EPS (TTM, Rs) | 52.68 | 64.25 | 391.91 |
| Dividend Yield | 3.29% | 4.25% | 3.64% |
| Debt to Equity | 0.07 | 0.07 | 0.00 |
| Book Value per Share (Rs) | 302.64 | 276.99 | 898.74 |
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On valuation, Tech Mahindra trades at a PE of 29.42 and a PB of 5.12, HCL Technologies at a PE of 19.77 and a PB of 4.59, while Oracle Financial Services Software trades at a PE of 28.00 and a PB of 12.21. On return on equity, the three post 16.24%, 22.14% and 33.72% respectively, and on dividend yield they stand at 3.29%, 4.25% and 3.64%.
Tech Mahindra vs HCL Technologies vs Oracle Financial Services Software: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Tech Mahindra | Rs 15,605.50 crore | Rs 1,486.30 crore | +15.0% | +4.9% |
| HCL Technologies | Rs 34,940.00 crore | Rs 4,626.00 crore | +13.4% | +1.9% |
| Oracle Financial Services Software | Rs 3,202.80 crore | Rs 1,415.50 crore | +66.4% | +49.9% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three it services (large-cap, fresh set) names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Tech Mahindra vs HCL Technologies vs Oracle Financial Services Software highlights how differently three companies in the same it services (large-cap, fresh set) segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Tech Mahindra vs HCL Technologies vs Oracle Financial Services Software
What is the market cap difference between Tech Mahindra, HCL Technologies and Oracle Financial Services Software?
Ans. As of September 2026, Tech Mahindra has a market cap of approximately Rs 1,51,931 crore, HCL Technologies is at approximately Rs 3,44,635 crore, and Oracle Financial Services Software is at approximately Rs 95,574 crore.
Which of the three has the highest PE ratio?
Ans. Among Tech Mahindra, HCL Technologies and Oracle Financial Services Software, the PE ratios stand at 29.42, 19.77 and 28.00 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Tech Mahindra, HCL Technologies and Oracle Financial Services Software post ROE of 16.24%, 22.14% and 33.72% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Tech Mahindra, HCL Technologies and Oracle Financial Services Software carry dividend yields of 3.29%, 4.25% and 3.64% respectively.
What is the debt to equity ratio for Tech Mahindra, HCL Technologies and Oracle Financial Services Software?
Ans. Tech Mahindra carries a debt to equity of 0.07, HCL Technologies of 0.07, and Oracle Financial Services Software of 0.00.
Which of the three trades at the highest price to book value?
Ans. Tech Mahindra, HCL Technologies and Oracle Financial Services Software trade at price to book ratios of 5.12, 4.59 and 12.21 respectively.
Is one of Tech Mahindra, HCL Technologies or Oracle Financial Services Software better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
