Skip to content

    HCL Technologies Limited

    Global IT services, engineering R&D and software-products company with 227,000+ employees.

    Information Technology
    Information Technology
    View HCLTECH earnings calls
    ₹1,203.9
    +4.44% from avg

    Overview

    Price

    ₹1,203.9

    Market Cap

    ₹3.2L Cr

    Sector

    Information Technology

    Information Technology

    Rank

    4

    Performance

    Explore HCLTECH

    Promise TrackerConcall Analysis

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital543543543543543543543543
    Reserves50.7k59.4k61.4k64.9k67.7k69.1k70.7k74.6k
    Borrowings8.0k6.9k6.3k4.8k5.8k6.3k6.8k5.2k
    Other Liabilities23.6k19.3k20.7k23.1k25.0k28.5k30.5k35.9k
    Total Liabilities82.8k86.0k88.9k93.3k99.0k104.5k108.6k116.3k
    AssetsFixed Assets37.5k37.1k35.1k34.6k35.1k36.2k36.6k37.4k
    CWIP400312129401085910660
    Investments7.1k6.9k6.4k5.5k7.1k7.6k6.3k7.1k
    Other Assets37.9k41.7k47.4k53.1k56.7k60.7k65.6k71.7k
    Total Assets82.8k86.0k88.9k93.3k99.0k104.5k108.6k116.3k

    Valuation

    Assumptions

    Current — HCLTECH
    Price
    ₹1,204
    EPS (TTM)
    ₹64.21
    PE (TTM)
    18.7
    Profit growth
    3.9%
    ₹

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (24.5×) and current (18.7×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,204
    vs
    Fair value · 15% return
    ₹618
    49%Overvalued

    At 3.9% growth and a 19× exit, ₹1204 only delivers your return if you pay ₹618. The price is currently baking in 17% growth.

    EPS grows 3.9%/yr for 5 years, then fades to 6% over 2, exits at 19×.

    YearGrowthEPS (₹)
    FY273.9%66.71
    FY283.9%69.32
    FY293.9%72.02
    FY303.9%74.83
    FY313.9%77.75
    FY325.0% ·fade81.59
    FY336.0% ·fade86.49

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse HCL Technologies Limited

    Guides on how to read this kind of business and the numbers that matter.