StoxHCL Technologies vs Tech Mahindra: share price & financials comparison
NSE: HCLTECH vs TECHM · Information Technology · as of 06 Nov 2026
Both prices rebased to 100 at the start of the selected period.
HCL Technologies vs Tech Mahindra at a glance
HCL Technologies (HCLTECH) has a market capitalisation of ₹3,90,960 Cr, against ₹1,62,227 Cr for Tech Mahindra (TECHM). Over the past year Tech Mahindra has returned +26.1%, compared with -7.5% for HCL Technologies. On valuation, HCL Technologies trades at a lower P/E of 21.3 versus 35.2. HCL Technologies earns a higher return on equity (24.1% vs 15.5%). HCL Technologies comes out ahead on size, valuation, profitability and financial health. Tech Mahindra comes out ahead on growth, momentum and technicals. Across the scored metrics below, HCL Technologies leads on 10 and Tech Mahindra on 8. On StoxGud's 10-point checklist, HCL Technologies scores 8/10 and Tech Mahindra scores 8/10.
| Metric | HCL Technologies | Tech Mahindra |
|---|---|---|
| Size | ||
| Market cap | ₹3,90,960 Cr | ₹1,62,227 Cr |
| Revenue (latest FY) | ₹1,30,144 Cr | ₹56,815 Cr |
| Net profit (latest FY) | ₹16,642 Cr | ₹4,811 Cr |
| Valuation | ||
| P/E | 21.3 | 35.2 |
| P/B | 5.14 | 5.47 |
| Dividend yield | 3.74% | 2.48% |
| Profitability | ||
| Return on equity | 24.1% | 15.5% |
| Net profit margin | 13.3% | 7.5% |
| Operating margin | 20.6% | 17.2% |
| Growth | ||
| Revenue growth (YoY) | +11.5% | +15.6% |
| Net profit growth (YoY) | +21.2% | +32.7% |
| Revenue CAGR (multi-year) | +10.7% | +7.5% |
| Financial health | ||
| Debt to equity | 0.01 | 0.07 |
| Momentum | ||
| 1-month return | +21.5% | +22.8% |
| 1-year return | -7.5% | +26.1% |
| 3-year CAGR | +4.3% | +17.0% |
| 5-year CAGR | +4.0% | +3.3% |
| 10-year CAGR | +13.4% | +15.2% |
| Distance from 52W high | -16.7% | -0.2% |
| Technicals | ||
| RSI (14) | 66 | 58 |
| Price vs 200-day avg | +9.1% | +19.6% |
Highlighted cells lead on that metric. Market cap, revenue and RSI are shown for context and not scored.
10-point checklist side by side
| Check | HCL Technologies | Tech Mahindra |
|---|---|---|
| Price above 50-day average | ✓ | ✓ |
| Price above 200-day average | ✓ | ✓ |
| 50-day average above 200-day (uptrend) | ✗ | ✓ |
| RSI in healthy 40–70 zone | ✓ | ✓ |
| Positive 1-year return | ✗ | ✓ |
| Return on equity above 15% | ✓ | ✓ |
| Debt to equity below 1 | ✓ | ✓ |
| Revenue growing year on year | ✓ | ✓ |
| Net profit margin above 10% | ✓ | ✗ |
| P/E below industry median | ✓ | ✗ |
| Score | 8/10 | 8/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, HCL Technologies or Tech Mahindra?
HCL Technologies has a market cap of ₹3,90,960 Cr and Tech Mahindra has a market cap of ₹1,62,227 Cr as of 06 Nov 2026.
Which has a lower P/E, HCL Technologies or Tech Mahindra?
HCL Technologies has the lower P/E: HCL Technologies trades at 21.3 and Tech Mahindra at 35.2.
Which gave better returns in the last year, HCL Technologies or Tech Mahindra?
Tech Mahindra did better: HCL Technologies returned -7.5% and Tech Mahindra returned +26.1% over one year.
Is HCL Technologies or Tech Mahindra a better buy?
StoxGud does not give buy or sell recommendations. On our rules-based checklist HCL Technologies scores 8/10 and Tech Mahindra scores 8/10; compare valuation, profitability, growth and momentum above and consult a SEBI-registered adviser.