INFOSYS LTD vs HCL TECHNOLOGIES LIMITED

INFY and HCLTECH, both in Information Technology Services. Monthly data through 2026-10-09. Change the comparison →

Price, rebased to 100

Share price change since Jan '19, the first month all 2 have a price: INFY +39%, HCLTECH +142%.

86184283381Jan '19Aug '20Mar '22Oct '23May '25Oct '2686184283381Jan '19Aug '21Mar '24Oct '26

Rebased at 2019-01. Monthly closes from each company's history.

ROCE

30.0%37.7%45.3%53.0%Jan '19Aug '20Mar '22Oct '23May '25Oct '2630.0%37.7%45.3%53.0%Jan '19Aug '21Mar '24Oct '26
INFOSYS LTD (INFY)HCL TECHNOLOGIES LIMITED (HCLTECH)

Months with a missing value are left as gaps.

Where the return came from

The share price return over 3 years, split into net profit growth, share count change and the change in P/E.

INFY Net profit growth: +23 pts+23 ptsShare count change: +1 ptsP/E change: -48 pts-48 pts -24% HCLTECH Net profit growth: +3 ptsP/E change: -7 pts-7 pts -5%
Net profit growthShare count changeP/E changeUnexplained

INFY: share price fell 24% over 3 years: +23 pts from net profit growth, −48 pts from the P/E change, +1 pts from share count change.

HCLTECH: share price fell 5% over 3 years: +3 pts from net profit growth, −7 pts from the P/E change.

Segments are percentage points of the price return: price = P/E × net profit ÷ share count. These are the same numbers each company's own page shows.

Rank within sector, month by month

Each cell is the company's percentile rank among its own sector peers that month. Darker is higher-ranked. Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

INFOSYS LTD (INFY) · Technology Services

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

HCL TECHNOLOGIES LIMITED (HCLTECH) · Technology Services

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value.

Latest snapshot

MetricINFYHCLTECH
Share Price₹1023.40₹1216.70
Market Cap₹4.18L cr₹3.30L cr
P/E13.8x28.1x
P/B5.2x12.7x
P/S2.7x5.9x
ROCE46.0%53.0%
ROE37.5%45.4%
Operating margin25.0%29.0%
Revenue (TTM), indexed to 100₹1.54L cr₹56295 cr
Net Profit (TTM)₹30346 cr₹11764 cr
Debt / Equity0.0x0.0x
Cash Conversion Cycle74d89d
Promoter holding13.8%60.9%
FII Holding27.1%14.9%
DII Holding42.8%18.8%
12M momentum-29.5%-21.1%
Drawdown from Peak-46.2%-36.5%
Cash conversion (3Y)1.0x1.4x
Interest cover100.0x66.7x
Share Count Change (1Y)-2.4%0.0%
Volatility (1Y)30.5%29.7%

Latest month in the data: 2026-10. Highlight marks the higher value, or the lower value for P/E, P/B, P/S, debt, working-capital days, share count change and volatility. It marks a number, not a better investment.

Comparison is descriptive and historical. Highlights mark the higher or lower value on a metric, not a better investment. Not investment advice; ApnaFunda is not a SEBI-registered research analyst.