INNOVANA vs TECHM: Stock Comparison
TECH MAHINDRA is the larger company by market capitalisation. INNOVANA THINKLABS shows a lower P/E, faster revenue growth and a higher net margin, while TECH MAHINDRA shows a higher ROE, a higher dividend yield and lower leverage. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.
Metric snapshot
INNOVANA leads 5; TECHM leads 8 of 13
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✓ marks the usual favourable reading; it is not a recommendation.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | INNOVANA | TECHM |
|---|---|---|
| Sector | Information Technology | Information Technology |
| Industry | Computers - Software & Consulting | Computers - Software & Consulting |
Price
| Metric | INNOVANA | TECHM |
|---|---|---|
| Live Price | ₹282.9 | ₹1,769.6 |
| Day Change | 1.6% | -0.39% |
| Volume | 25,646 | 27.93 L |
| 52-Week High | ₹524.95 | ₹1,854 |
| 52-Week Low | ₹269.25 | ₹1,304.1 |
| Distance from 52W High | -46.11% | -4.55% |
Valuation
| Metric | INNOVANA | TECHM |
|---|---|---|
| Market Cap | ₹575 Cr | ₹1.74 L Cr |
| P/E Ratio | 20.15x | 31.4x |
| P/B Ratio | 2.29x | 5.85x |
| EPS | ₹14.06 | ₹61.58 |
| Book Value | ₹81.45 | ₹334.91 |
| Dividend Yield | 0% | 2.84% |
Growth
| Metric | INNOVANA | TECHM |
|---|---|---|
| Revenue Growth (TTM YoY) | 22.6% | 12.6% |
| EPS Growth (TTM YoY) | -84.3% | 15.9% |
| Qtr Sales Growth | 0% | 2.98% |
| Qtr Profit Growth | 0% | 8.3% |
Profitability & Leverage
| Metric | INNOVANA | TECHM |
|---|---|---|
| ROE | 13.1% | 17.77% |
| ROCE | 13.02% | 20.38% |
| Net Margin | 28.39% | 8.47% |
| Operating Margin | 36.62% | 11.09% |
| Debt to Equity | 0.03x | 0x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | INNOVANA | TECHM |
|---|---|---|
| Promoter Holding | 72.65% | 34.94% |
| FII Holding | 1.31%▲ 0.27 pp | 20.77%▲ 2.11 pp |
| DII Holding | 1.38%▼ 0.14 pp | 35.68%▼ 1.24 pp |
| Public Holding | 24.66%▼ 0.13 pp | 8.42%▼ 0.87 pp |
How to Read This Comparison
Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.
Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: INNOVANA THINKLABS and TECH MAHINDRA.
Related Comparisons
Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.

