HCL Technologies Limited

BSE:532281 Stock Report

Market Cap: ₹5.1t

HCL Technologies Valuation

Is 532281 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 532281 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 532281 (₹1898.7) is trading above our estimate of fair value (₹911.06)

Significantly Below Fair Value: 532281 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532281?

Key metric: As 532281 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 532281. This is calculated by dividing 532281's market cap by their current earnings.
What is 532281's PE Ratio?
PE Ratio30.5x
EarningsUS$2.00b
Market CapUS$61.03b

Price to Earnings Ratio vs Peers

How does 532281's PE Ratio compare to its peers?

The above table shows the PE ratio for 532281 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34x
INFY Infosys
29.2x8.2%₹8.0t
507685 Wipro
26.2x8.1%₹3.1t
TCS Tata Consultancy Services
33.2x10.1%₹15.7t
TECHM Tech Mahindra
47.2x24.9%₹1.5t
532281 HCL Technologies
30.5x9.2%₹5.1t

Price-To-Earnings vs Peers: 532281 is good value based on its Price-To-Earnings Ratio (30.5x) compared to the peer average (34x).

Price to Earnings Ratio vs Industry

How does 532281's PE Ratio compare vs other companies in the IN IT Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GTL GTL
1.3xn/aUS$24.33m
517429 Athena Global Technologies
0.7xn/aUS$16.19m
509040 Netlink Solutions (India)
3.2xn/aUS$5.16m
512341 CES
0.05xn/aUS$130.33k
No more companies available in this PE range
532281 30.5xIndustry Avg. 37.4xNo. of Companies17PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 532281 is good value based on its Price-To-Earnings Ratio (30.5x) compared to the Indian IT industry average (37.4x).

Price to Earnings Ratio vs Fair Ratio

What is 532281's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

532281 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.5x
Fair PE Ratio52.8x

Price-To-Earnings vs Fair Ratio: 532281 is good value based on its Price-To-Earnings Ratio (30.5x) compared to the estimated Fair Price-To-Earnings Ratio (52.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 532281 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,898.70
₹1,872.19
-1.4%
10.3%₹2,300.00₹1,449.00n/a43
Nov ’25₹1,758.20
₹1,867.19
+6.2%
10.4%₹2,300.00₹1,449.00n/a43
Oct ’25₹1,814.95
₹1,693.79
-6.7%
11.4%₹2,200.00₹1,312.00n/a42
Sep ’25₹1,752.15
₹1,653.81
-5.6%
10.8%₹2,020.00₹1,312.00n/a42
Aug ’25₹1,640.15
₹1,606.32
-2.1%
7.9%₹1,850.00₹1,312.00n/a41
Jul ’25₹1,468.75
₹1,542.78
+5.0%
7.6%₹1,800.00₹1,300.00n/a40
Jun ’25₹1,322.80
₹1,514.64
+14.5%
8.1%₹1,750.00₹1,244.00n/a42
May ’25₹1,367.55
₹1,519.66
+11.1%
8.1%₹1,750.00₹1,244.00n/a41
Apr ’25₹1,556.45
₹1,614.33
+3.7%
9.9%₹1,880.00₹1,244.00n/a39
Mar ’25₹1,644.45
₹1,596.67
-2.9%
9.9%₹1,880.00₹1,244.00n/a39
Feb ’25₹1,576.50
₹1,570.38
-0.4%
10.5%₹1,880.00₹1,240.00n/a39
Jan ’25₹1,483.15
₹1,333.08
-10.1%
10.9%₹1,700.00₹1,070.00n/a38
Dec ’24₹1,334.00
₹1,302.18
-2.4%
8.1%₹1,540.00₹1,070.00n/a38
Nov ’24₹1,259.65
₹1,297.32
+3.0%
8.4%₹1,540.00₹1,070.00₹1,758.2038
Oct ’24₹1,236.20
₹1,225.55
-0.9%
10.1%₹1,550.00₹900.00₹1,814.9538
Sep ’24₹1,185.40
₹1,187.66
+0.2%
8.9%₹1,520.00₹900.00₹1,752.1538
Aug ’24₹1,138.10
₹1,180.26
+3.7%
8.9%₹1,520.00₹900.00₹1,640.1539
Jul ’24₹1,187.85
₹1,183.89
-0.3%
8.9%₹1,520.00₹900.00₹1,468.7538
Jun ’24₹1,141.20
₹1,162.11
+1.8%
9.6%₹1,580.00₹880.00₹1,322.8038
May ’24₹1,063.65
₹1,162.11
+9.3%
9.6%₹1,580.00₹880.00₹1,367.5538
Apr ’24₹1,086.20
₹1,177.92
+8.4%
10.0%₹1,580.00₹880.00₹1,556.4538
Mar ’24₹1,101.20
₹1,166.78
+6.0%
8.7%₹1,500.00₹880.00₹1,644.4537
Feb ’24₹1,131.80
₹1,161.76
+2.6%
10.6%₹1,530.00₹880.00₹1,576.5041
Jan ’24₹1,039.00
₹1,120.26
+7.8%
12.0%₹1,530.00₹850.00₹1,483.1539
Dec ’23₹1,136.05
₹1,109.74
-2.3%
12.0%₹1,530.00₹850.00₹1,334.0039
Nov ’23₹1,059.70
₹1,112.00
+4.9%
13.4%₹1,610.00₹850.00₹1,259.6540

Analyst Forecast: Target price is lower than the current share price.

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