H

HCL Technologies Limited

HCLTECHNSE
Market snapshot · 2026-08-10 20:50 UTC

1,357.20

+₹0.60 (+0.04%)

MARKET CAP

₹3.67L Cr

STOCK P/E

21.1x

52W HIGH

₹1,780.10

52W LOW

₹1,030.00

BOOK VALUE

₹273.09

EPS

₹64.30

ROE

24.07%

SECTOR

Information Technology

DEBT/EQUITY

7.06

VOLUME

13.21L

P/B RATIO

4.97x

PEG RATIO

2.39

Sector

Information Technology

Themes

IT Services & ConsultingSemiconductorLife Insurance Corporation of India Portfolio
D
Dividend
E
Earnings
₹1,658.01₹1,515.90₹1,373.80₹1,231.69₹1,089.58VolumeEDEDEDEEDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for HCLTECH.

40.00 analysts

Price Forecast

Current
₹1,357
High Target
₹1,682
▲ +23.9%
Median Target
₹1,277
▼ -5.9%
Low Target
₹1,040
▼ -23.4%
Now₹1,357High ₹1,682Median ₹1,277Low ₹1,040Aug '25Now12M Target
Price history (1Y)
Analyst target range
40 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,096 - ₹1,58480%
6M₹985.77 - ₹1,66080%
12M₹834.08 - ₹1,74380%
Realized vol: +28.8% · Drift: -7.7%

Revenue Forecast

₹ Cr
Jun '26Current₹14,337.0
Sep 2026 ETrend estimate range
High₹15,952.8Base₹14,771.1Low₹13,589.4
Sep '25: ₹13,829.0 · Dec '25: ₹15,239.0 · Mar '26: ₹12,890.0 · Jun '26: ₹14,337.0 · Sep '26: ₹14,771.1 · Dec '26: ₹16,277.1
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E13,829.015,239.012,890.014,337.014,771.116,277.1
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹25.89
Sep 2026 ETrend estimate range
High₹10.90Base₹9.74Low₹8.57
Sep '25: ₹9.79 · Dec '25: ₹10.99 · Mar '26: ₹-3.32 · Jun '26: ₹25.89 · Sep '26: ₹9.74 · Dec '26: ₹10.93
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E9.7910.99-3.3225.899.7410.93
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
65%
Analyst Consensus
Weakening

From 40 analysts

Mean upside-6.5%

Fundamentals

Strong

Fundamentals institutional score is 94 using EVA spread proxy 12.1%; growth durability 88.2.

Valuation

Attractive relative to peers

Valuation institutional score is 80 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 25 using mean target upside -6.5%; dispersion penalty 20.2; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 62 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 9 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and valuation provide support, while analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus WeakeningTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price1,268.4 target
Mean Upside-6.5%
Technical Score62%
Fundamental Score94%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 4.3% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -0.32). Confidence: 86%.

Live forward EPS implies next-12-month EPS of ₹80.10. Applying the stock's normalized valuation corridor produces a fair range of ₹1,614.01 to ₹1,962.45, with base value near ₹1,765.40 (+30.1% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹80.10

Forward P/E

16.9x

Base Fair Value

₹1,765.40

Fair Range

₹1,614.01 - ₹1,962.45

Upside To Base

+30.1%

Estimate Source

Live forward EPS

Growth Estimate

+8.4%

P/E
Strongly Undervalued

5Y Average

19.09

Current

21.10

Overvalued

24.50

Undervalued

20.15

P/S
Undervalued

5Y Average

Current

248.65

Overvalued

285.94

Undervalued

211.35

EV/EBITDA
Undervalued

5Y Average

Current

1313.65

Overvalued

1510.69

Undervalued

1116.60

Peers & Comparison

Sector: Information Technology · Theme: IT Services & Consulting

IT Services & Consulting Peers8 peers
Avg P/E: 38.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
COFORGE LIMITED
COFORGEIT Services & Consulting
+49.9%9.6%
37.1x
Fair
-5% vs avg
+10.0%
HINDALCO INDUSTRIES LTD
HINDALCOMetals - Aluminium
+32.1%5.5%
14.3x
Undervalued
-63% vs avg
+57.5%
DR. REDDY S LABORATORIES
DRREDDYPharmaceuticals
-5.6%10.0%
29.2x
Undervalued
-25% vs avg
-3.9%
+10.5%2.8%
46.2x
Premium
+19% vs avg
+20.4%
BAJAJ AUTO LIMITED
BAJAJ-AUTOTwo Wheelers
+64.0%16.3%
27.7x
Undervalued
-29% vs avg
+40.9%
EICHER MOTORS LTD
EICHERMOTTrucks & Buses
+31.5%23.2%
38.0x
Fair
-2% vs avg
+41.4%
BSE LIMITED
BSEStock Exchanges & Ratings
+64.0%48.9%
52.3x
Premium
+34% vs avg
+44.3%
APOLLO HOSPITALS ENTER. L
APOLLOHOSPHospitals & Diagnostic Centres
+18.1%7.7%
66.0x
Premium
+70% vs avg
+23.2%
WHY THESE PEERS

HCL TECHNOLOGIES LTD trades at a discount (21.1x vs peer avg 38.9x), suggesting potential undervaluation relative to the It Services & Consulting cohort. Peers include COFORGE LIMITED, HINDALCO INDUSTRIES LTD, DR. REDDY S LABORATORIES — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹14.34K CrJun 2026

Latest net profit

₹7.03K CrJun 2026

Latest EPS

₹25.89Jun 2026

Net margin

29.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%9.0%18.0%27.0%36.0%-5.50K Cr0.00 Cr5.50K Cr11.00K Cr16.50K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr4.00K Cr8.00K Cr12.00K Cr16.00K Cr₹-9₹0₹9₹18₹27
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr4.00K Cr8.00K Cr12.00K Cr16.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr15.00K Cr30.00K Cr45.00K Cr60.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +11,45112,05912,53112,07711,78412,61513,27413,43213,07313,82915,23912,89014,337
Expenses +7,7697,7457,6948,0348,0867,9948,2879,0228,9009,5979,8499,62610,179
Operating Profit3,6824,3144,8374,0433,6984,6214,9874,4104,1734,2325,3903,2644,158
OPM %32%36%39%33%31%37%38%33%32%31%35%25%29%
Other Income +262252261301321284344285344325-657-4,4884,401
Interest29332934473038417378632945
Depreciation506583678604571559613577571560630555529
Profit before tax3,4093,9504,3913,7063,4014,3164,6804,0773,8733,9194,040-1,8087,985
Tax %24%25%24%25%27%25%25%25%25%32%26%-50%12%
Net Profit +2,5962,9663,3492,7632,4793,2163,5263,0452,8882,6572,982-9007,025
EPS in Rs9.5710.9312.3410.189.1411.8512.9911.2210.649.7910.99-3.3225.89
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +60.82%60.82%60.82%60.86%60.88%
FIIs +18.56%16.64%16.21%15.51%14.90%
DIIs +16.17%17.80%18.37%18.95%18.75%
Government +0.04%0.04%0.04%0.04%0.04%
Public +4.24%4.41%4.26%4.36%5.14%
Others0.17%0.29%0.30%0.28%0.29%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 06, 2026PDFCompany Reports Open

Release - 'Hcltech Named Openai Advanced Partner'

Aug 06, 2026PDFCompany Reports Open

Release - Hcltech Named Among The Worlds Most Sustainable Companies By TIME Magazine

Aug 04, 2026PDFCompany Reports Open

Release: 'Hcltech Completes Acquisition Of HPE'S Telco Solutions Business'

Aug 03, 2026PDFCompany Reports Open