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HCL Technologies Ltd
NSE:HCLTECH

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HCL Technologies Ltd
NSE:HCLTECH
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Price: 1 204 INR -5.66% Market Closed
Market Cap: ₹3.3T

P/E

20.1
Current
17%
Cheaper
vs 3-y average of 24.3

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
20.1
=
Market Cap
₹3.4T
/
Net Income
₹166.4B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
20.1
=
Market Cap
₹3.4T
/
Net Income
₹166.4B

Valuation Scenarios

HCL Technologies Ltd is trading below its 3-year average

If P/E returns to its 3-Year Average (24.3), the stock would be worth ₹1 452.96 (21% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+43%
Average Upside
29%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 20.1 ₹1 204
0%
3-Year Average 24.3 ₹1 452.96
+21%
5-Year Average 23.2 ₹1 387.95
+15%
Industry Average 28 ₹1 675.95
+39%
Country Average 28.7 ₹1 718.62
+43%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
₹3.4T
/
Apr 2026
₹166.4B
=
20.1
Current
₹3.4T
/
Mar 2027
₹203.4B
=
16.7
Forward
₹3.4T
/
Mar 2028
₹220.2B
=
15.4
Forward
₹3.4T
/
Mar 2029
₹234B
=
14.5
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

In line with most companies in India
Percentile
33nd
Based on 3 123 companies
33nd percentile
20.1
Low
0 — 18.9
Typical Range
18.9 — 44.4
High
44.4 —
Distribution Statistics
India
Min 0
30th Percentile 18.9
Median 28.7
70th Percentile 44.4
Max 877 228.1

HCL Technologies Ltd
Glance View

In the sprawling tapestry of India's technological ascent, HCL Technologies Ltd. stands out as a quintessential success story, threading the intricate fabric of digital innovation and business solutions. Born out of the visionary acumen of its founder, Shiv Nadar, HCL started its journey in the late '70s as a hardware-focused company. Over the decades, it evolved, adapting to the fast-paced demands of the IT and business landscape. Today, HCL operates as a multinational IT services conglomerate, spreading its influence across over 50 countries. The company's core operations involve providing a wide array of services encompassing IT and business consulting, system integration, and outsourcing. In an ever-connected global economy, it helps businesses harness technology through its cutting-edge services in areas such as cloud computing, cybersecurity, and digital transformation. The company's business model is built on creating reliable partnerships with clients across varied sectors, including healthcare, financial services, manufacturing, and telecommunications. HCL makes money primarily through multi-year contracts that deliver value through innovation and operational efficiency. It focuses on nurturing relationships with Fortune 500 companies, emphasizing co-innovation and customized solutions. Its commitment to a "Mode 1-2-3" strategy — which emphasizes core services, next-gen transformational services, and products and platforms — allows HCL to secure a foothold in a swiftly evolving market. By consistently reinvesting in talent and technology, HCL maintains its competitive edge, ensuring sustainable growth while driving transformative outcomes for its clients.

HCLTECH Intrinsic Value
1 362.96 INR
Undervaluation 12%
Intrinsic Value
Price ₹1 204
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