TCS vs Infosys
Tata Consultancy Services trades at the larger discount to its peers' median P/E: 44% below it, against 36% below for Infosys.
Tata Consultancy Services earns the higher return on equity: 61.5% against 34.7%.
Infosys grew revenue faster over three years: 7.0% a year against 5.8% a year.
Tata Consultancy Services fires fewer of our forensic red flags: 1 of 26 judged against 2 of 26 judged.
The latest change on file is Infosys', on 3 Nov 2026: Interim Dividend - Rs 26 Per Share.
Tata Consultancy Services trades at a P/E of 17.52: 5th of 25 among its peers (peer median 31.4).
Tata Consultancy Services: the full company page →Infosys trades at a P/E of 15.48: 1st of 9 among its peers (peer median 24.3).
Infosys: the full company page →Tata Consultancy Services and Infosys, figure by figure
| Figure | TCS | Infosys | Leads |
|---|---|---|---|
| Market cap | ₹9,04,088 Cr | ₹4,75,470 Cr | Tata Consultancy Services, larger |
| P/E | 17.52 | 15.48 | Infosys, cheaper |
| P/B | 10.08 | 6.27 | Infosys, cheaper |
| Dividend yield | 2.6% | 4.2% | Infosys, higher |
| ROE | 61.5% | 34.7% | Tata Consultancy Services, higher |
| ROCE | 71.4% | 43.3% | Tata Consultancy Services, higher |
| Profit margin | 17.9% | 15.9% | Tata Consultancy Services, higher |
| Revenue growth, 3 years | 5.8% a year | 7.0% a year | Infosys, faster |
| Profit growth, 3 years | 5.3% a year | 6.9% a year | Infosys, faster |
| 1-year return | −17.4% | −22.6% | Tata Consultancy Services, higher |
| 5-year return | −5.9% a year | −6.6% a year | Tata Consultancy Services, higher |
| Quality score | 55.9 | 65 | Infosys, higher |
| Our valuation view | Fair, medium confidence | Cheap, low confidence | Infosys, cheaper view |
| Risk level | WATCH | WATCH | Level |
| Forensic red flags | 1 red of 26 judged | 2 red of 26 judged | Tata Consultancy Services, fewer |
The leading figure is in green: the lower for P/E, P/B, cost to income, NPAs, risk and red flags, the higher for the rest. P/E and P/B on the latest price; growth rates are yearly averages; returns are price only. Our valuation view and the red flags are explained on each company's page.
Which is bigger, Tata Consultancy Services or Infosys?
Tata Consultancy Services is the bigger company by market value: ₹9,04,088 Cr against ₹4,75,470 Cr for Infosys, about 1.9 times as large.
Tata Consultancy Services market cap is ₹9,04,088 crore (large cap), making it the 7th largest listed company on the NSE.
Infosys market cap is ₹4,75,470 crore (large cap), making it the 12th largest listed company on the NSE.
Which is cheaper on valuation, Tata Consultancy Services or Infosys?
Infosys is the cheaper of the two on P/E: 15.48 against 17.52 for Tata Consultancy Services.
On price to book, Infosys is also the cheaper: 6.27 against 10.08.
Against their own peers' median P/E, Tata Consultancy Services trades 44% below its own (31.4) and Infosys trades 36% below its own (24.3).
Our valuation view: fair on Tata Consultancy Services (medium confidence) and cheap on Infosys (low confidence). The view weighs the multiples against each company's peers and its own history.
Cheap for a reason, on Infosys: A negative 5-year return.
Which is more profitable, Tata Consultancy Services or Infosys?
Tata Consultancy Services is the more profitable on return on equity: 61.5% against 34.7% for Infosys.
ROCE: Tata Consultancy Services 71.4%, Infosys 43.3%.
Profit margin: Tata Consultancy Services 17.9%, Infosys 15.9%.
Which grew faster, Tata Consultancy Services or Infosys?
Infosys grew faster over the last three years: revenue up 7.0% a year against 5.8% a year for Tata Consultancy Services.
Profit growth, 3 years: Infosys 6.9% a year, Tata Consultancy Services 5.3% a year.
Which has cleaner accounts, Tata Consultancy Services or Infosys?
Tata Consultancy Services has the cleaner accounts on our forensic checks: 1 red flag of 26 judged against 2 of 26 judged for Infosys.
Tata Consultancy Services: risk level WATCH, 26 of 30 flags judged.
Infosys: risk level WATCH, 26 of 30 flags judged.
A red flag is a figure out of line with what clean accounts show, not a finding of wrongdoing.
What these figures tell you
More comparisons
What this page rests on
Every figure is the one Tata Consultancy Services' and Infosys' own pages print, from their filings with the exchanges and our arithmetic on them; each company is set against its own peer set. A side-by-side reading of the figures on both company pages, not a recommendation to buy, sell or hold either share. Which figure matters more depends on what you are looking for.