Hcl Technologies Ltd vs Tech Mahindra Ltd Stock Comparison

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Last Updated on: Apr 01, 2026

Key Highlights

The Latest Trading Price of HCL Technologies Ltd is ₹ 1356 as of 01 Apr 16:01 . The P/E Ratio of HCL Technologies Ltd changed from 24 on March 2021 to 24.8 on March 2025 . This represents a CAGR of 0.66% over 5 yearsThe P/E Ratio of Tech Mahindra Ltd changed from 19.6 on March 2021 to 29.5 on March 2025 . This represents a CAGR of 8.52% over 5 years The Market Cap of HCL Technologies Ltd changed from ₹ 266875 crore on March 2021 to ₹ 431730 crore on March 2025 . This represents a CAGR of 10.10% over 5 yearsThe Market Cap of Tech Mahindra Ltd changed from ₹ 95978 crore on March 2021 to ₹ 138821 crore on March 2025 . This represents a CAGR of 7.66% over 5 years The revenue of HCL Technologies Ltd for the Dec '25 is ₹ 34257 crore as compare to the Sep '25 revenue of ₹ 32357 crore. This represent the growth of 5.87% The revenue of Tech Mahindra Ltd for the Dec '25 is ₹ 14372 crore as compare to the Sep '25 revenue of ₹ 14034 crore. This represent the growth of 2.4% The ebitda of HCL Technologies Ltd for the Dec '25 is ₹ 6841 crore as compare to the Sep '25 ebitda of ₹ 6960 crore. This represent the decline of -1.71% The ebitda of Tech Mahindra Ltd for the Dec '25 is ₹ 2072 crore as compare to the Sep '25 ebitda of ₹ 2205 crore. This represent the decline of -6.02% The net profit of HCL Technologies Ltd changed from ₹ 4259 crore to ₹ 4082 crore over 7 quarters. This represents a CAGR of -2.40% The net profit of Tech Mahindra Ltd changed from ₹ 864.8 crore to ₹ 1118 crore over 7 quarters. This represents a CAGR of 15.84% The Dividend Payout of HCL Technologies Ltd changed from 31.05 % on March 2021 to 132.81 % on March 2025 . This represents a CAGR of 33.73% over 5 yearsThe Dividend Payout of Tech Mahindra Ltd changed from 102.78 % on March 2021 to 125.65 % on March 2025 . This represents a CAGR of 4.10% over 5 years .

About HCL Technologies Ltd

HCL Technologies Limited is a leading global IT services company that helps global enterprises re-imagine and transform their businesses through Digital technology transformation.
The Company is primarily engaged in providing a range of software services, business process outsourcing and infrastructure services.
It leverages the offshore global technology workforce and intellectual properties to deliver solutions across select verticals including Financial Services, Manufacturing, Life Sciences & Technology Healthcare Services, Public Services, Retail & CPG, Oil & Gas, Energy & Utilities, Travel, Transportation & Logistics, Telecom, Government, Media, Publishing and Entertainment. HCL Technologies Limited was incorporated on November 12, 1991 as 'HCL Overseas Limited'.
The Company received the Certificate of Commencement of Business on February 10, 1992.

About Tech Mahindra Ltd

Tech Mahindra Limited is a leading provider of consulting-led integrated portfolio services to customers including Telecom Equipment Manufacturers, Telecom Service Providers and IT Infrastructure Service Providers, Business Process Outsourcing Service Providers as well as Enterprise Solutions Services (BFSI, Retail & Logistics, Manufacturing, Energy and Utility (E&U), and Healthcare, Life Sciences, etc.) of Information Technology (IT) and IT-enabled services delivered through a network of multiple locations around the globe.
It provides IT services, including IT enabled Services, Application Development and Maintenance, Consulting and Enterprise Business Solutions, Extended Engineering Solutions and Infrastructure Management Services to a diversified base of corporate customers in a wide range of industries including Insurance, Banking and Financial Services, Manufacturing, Telecommunications, Transportation and Engineering Services.

FAQs for the comparison of HCL Technologies Ltd and Tech Mahindra Ltd

Which company has a larger market capitalization, HCL Technologies Ltd or Tech Mahindra Ltd?

Market cap of HCL Technologies Ltd is 363,943 Cr while Market cap of Tech Mahindra Ltd is 135,874 Cr

What are the key factors driving the stock performance of HCL Technologies Ltd and Tech Mahindra Ltd?

The stock performance of HCL Technologies Ltd and Tech Mahindra Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for HCL Technologies Ltd and Tech Mahindra Ltd?

As of April 1, 2026, the HCL Technologies Ltd stock price is INR ₹1341.15. On the other hand, Tech Mahindra Ltd stock price is INR ₹1386.7.

How do dividend payouts of HCL Technologies Ltd and Tech Mahindra Ltd compare?

To compare the dividend payouts of HCL Technologies Ltd and Tech Mahindra Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.