TCS vs Infosys vs Wipro is the classic three-way choice for Indian IT investors. TCS is the profit machine, Infosys the balanced growth play, and Wipro the cheap, high-yield turnaround bet. This guide compares all three on size, margins, dividends, and valuation, with a clear take on who each suits. Live prices are on the BSE and NSE. See also our TCS vs Infosys and Wipro vs Infosys breakdowns.
Key Takeaways
- TCS leads on margins (~25%) and ROE (over 50%) — the quality pick.
- Infosys is the largest after TCS and the balanced growth choice (~21% margin).
- Wipro is the cheapest (~14x P/E) with the highest dividend yield (~6%).
- Infosys is the priciest at ~22x earnings; TCS sits near 16x.
- No single winner — match the stock to your goal: quality, growth, or value-plus-yield.
TCS vs Infosys vs Wipro: Side-by-Side (2026)
| Metric | TCS | Infosys | Wipro |
|---|---|---|---|
| Market cap (approx.) | ~₹7.8 lakh cr | ~₹4.5 lakh cr | ~₹1.9 lakh cr |
| P/E ratio (approx.) | ~16x | ~22x | ~14x |
| FY26 revenue (approx.) | ~₹2.67 lakh cr | ~₹1.79 lakh cr | ~₹0.87 lakh cr |
| Operating margin | ~25% | ~21% | ~17% |
| Dividend yield | ~5.1% | ~4.3% | ~6.2% |
| ROE | Over 50% | High (~30%) | ~15% |
| Profile | Quality leader | Balanced growth | Value + yield |
Size and Scale
TCS is the clear giant, worth nearly ₹7.8 lakh crore and earning the most revenue. Infosys is a strong second. Wipro is the smallest of the three by a wide margin.
Scale matters in IT services. Larger players win bigger deals and absorb shocks better, which partly explains TCS’s premium reputation.
Profitability and Margins
TCS leads decisively on both margin and ROE; Wipro trails.
This is where TCS shines. Its operating margin near 25% is a four-year high and the best of the three. Infosys follows at about 21%, with Wipro trailing near 17%.
TCS also boasts an ROE above 50%, a remarkable figure that reflects how efficiently it turns capital into profit. Learn why this matters in our fundamental analysis guide.
Dividends: Wipro Surprises
Income investors may be surprised here. Wipro offers the highest dividend yield of the three at around 6%, ahead of TCS (about 5%) and Infosys (about 4%).
All three are reliable dividend payers, which is rare for technology stocks globally. Indian IT remains a cash-rich, shareholder-friendly sector.
Valuation: Which Is Cheapest?
Wipro is cheapest with the top yield; Infosys is the priciest.
Wipro is the cheapest at roughly 14x earnings, with TCS close behind near 16x. Infosys is the most expensive at about 22x.
But cheap is not always better. Infosys’s premium reflects steadier growth, while Wipro’s discount reflects weaker margins. Understand the metric in our P/E ratio guide.
Which Suits Which Investor?
Educational comparison — match any stock to your goals, horizon & risk tolerance.
TCS suits investors who want the highest-quality, most profitable franchise and will pay a fair price for it. Infosys suits those wanting balanced growth and are comfortable with a premium valuation.
Wipro suits value- and income-focused investors betting on a margin turnaround, who want the cheapest entry and the fattest dividend. Many investors simply hold all three or an IT index fund.
This is an educational comparison, not investment advice. Match any stock to your own goals, time horizon, and risk tolerance, or consult a SEBI-registered adviser.
TCS vs Infosys vs Wipro: Frequently Asked Questions
Which is the best IT stock in 2026: TCS, Infosys or Wipro?
There is no single best. TCS leads on margins and ROE, Infosys is the balanced growth pick, and Wipro is the cheapest with the highest dividend yield. The right choice depends on your goals.
Which IT stock is cheapest on valuation?
Wipro trades at the lowest P/E (around 14), just below TCS (around 16). Infosys is the priciest of the three at roughly 22 times earnings.
Which IT stock pays the highest dividend?
Wipro offers the highest dividend yield (around 6%), ahead of TCS (around 5%) and Infosys (around 4%).
Which has the best profit margins?
TCS leads with an operating margin near 25%, a four-year high. Infosys follows at about 21%, and Wipro at roughly 17%.
Can I buy all three IT stocks?
Yes. Some investors hold all three, or simply buy an IT index fund, for diversified exposure to India’s IT sector rather than betting on one company.
Related Reads
- TCS vs Infosys: Which Stock Is Better?
- Wipro vs Infosys: Which IT Stock to Buy?
- TCS Fundamental Analysis
- How to Analyse Any Indian Stock
- All Stock Comparisons
About the author: Mithun Srivastava is a stock market educator and founder of investwithmithun.com, writing breakdowns of real Indian companies and money rules for retail investors. Last updated: June 2026.