HCLTECH

Data path: financials for HCLTECH are currently sourced via the US ADR cross-listing (NYSE/NASDAQ). The fair value and score on this page reflect the latest cached compute against that data path. A direct NSE data path is in active development; values will refresh once it lands. How our data sourcing works →

HCL Technologies Limited

HCLTECH · IT Services · NSE

₹1,146

Current Market Price

Below Fair Value

Fair Value (DCF)

₹1,623

Discount to FV

+41.5%

Valuation engine: DCF

Updated 15m ago

DCF Sensitivity →

YieldIQ Score

50/100

Piotroski F-Score

6/9

Economic Moat

None

Confidence

44%

ROE

22.1%

Debt/Equity

0.07

WACC

9.8%

Market Cap

₹3.10 Lakh Cr

Quality & Valuation

Neutral model outputs — no recommendations.

ROCE

34.0%

Return on capital employed

EV / EBITDA

11.2×

Enterprise multiple

Debt / EBITDA

0.2×

Leverage vs earnings

Interest Coverage

37.1×

EBIT covers interest

Current Ratio

2.22×

Short-term liquidity

Asset Turnover

1.14×

Revenue per ₹ of assets

Revenue CAGR (3Y)

-76.2%

3-year revenue growth

Revenue CAGR (5Y)

-55.5%

5-year revenue growth

DCF Scenario Analysis

vs CMP ₹1,146.3

Bear case

Discount -26.7%

Base case

Discount +29.4%

Bull case

Discount +38.9%

Ratio Trends

HCLTECH · last 9 annual periods

ROE

22.1%

min 22.1%max 25.0%

ROCE

34.0%

min 28.3%max 36.9%

Operating Margin

—

min —max —

Debt / Equity

0.07×

min 0.07×max 0.09×

0.3×

min 0.2×max 0.3×

EV / EBITDA

—

min —max —

Historical Financials

HCLTECH · Annual, last 5 years· amounts in ₹Cr unless noted

Metric	2022 NSE_XBRL	2023 NSE_XBRL	2024 NSE_XBRL	2025 yfinance	2026 yfinance	CAGR
Revenue	₹85.7K Cr	₹101.5K Cr	₹109.9K Cr	₹117.1K Cr	₹130.1K Cr	+11.0%
EBITDA	₹21.6K Cr	₹24.0K Cr	₹25.7K Cr	₹28.0K Cr	₹27.3K Cr	+6.1%
EBIT	₹17.3K Cr	₹19.8K Cr	₹21.5K Cr	—	—	+5.7%
PAT	₹13.5K Cr	₹14.9K Cr	₹15.7K Cr	₹17.4K Cr	₹16.6K Cr	+5.3%
EPS (diluted)	₹49.77	₹54.79	₹57.86	—	—	+3.8%
CFO	₹16.9K Cr	₹18.0K Cr	₹22.4K Cr	₹22.3K Cr	₹20.0K Cr	+4.3%
CapEx	—	₹-1661 Cr	₹-1048 Cr	₹-1108 Cr	₹-1422 Cr	—
FCF	—	₹16.3K Cr	₹21.4K Cr	₹21.2K Cr	₹18.6K Cr	+3.2%
Total Assets	₹89.0K Cr	₹93.4K Cr	₹99.8K Cr	₹105.5K Cr	₹116.3K Cr	+6.9%
Total Debt	—	₹4786 Cr	₹5756 Cr	₹6279 Cr	₹5215 Cr	+2.2%
Shareholders' Equity	—	₹65.4K Cr	₹68.3K Cr	₹69.7K Cr	₹75.2K Cr	+3.5%

CAGR computed across the visible window. Signs reverse if start value is zero or negative.

Peer Comparison

HCLTECH vs 5 closest peers by market-cap band

Peer	MoS	Score	Verdict	ROE	PE
INFY Infosys	+56.3%	40	Below Fair Value	31.4%	18.4×
WIPRO Wipro Limited	+329.2%	40	Data Limited	14.9%	0.3×
TCS Tata Consultancy Services	+59.8%	40	Below Fair Value	45.9%	17.3×
LTM LTM	—	—	Pending	20.9%	—
TECHM Tech Mahindra Limited	+298.2%	40	Data Limited	16.2%	0.4×

Click a ticker to view its fair-value analysis.

Dividend History

40 ex-dividend events on file. Source: NSE corporate-actions feed.

Total paid (5Y)

₹264.00/sh

Last payout

2026-04-24

₹24.00

Peak payout

₹24.00

Trailing yield

5.23%

Amounts parsed from NSE subject lines. Percent-of-face-value declarations are converted using the per-ticker face value (defaults to ₹10).

AI Analysis Summary

Model-generated description of metrics. Not investment advice. HCL Technologies Limited (HCLTECH.NS) trades at 1146.30 vs a model fair value of 1622.52, a gap of 41.5%. Piotroski F-score: 6/9. Moat la...

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Reverse DCF

Market-implied growth

What FCF growth is priced in →

Risk Analysis

Volatility & drawdown

Risk profile of HCLTECH →

DuPont

ROE decomposition

Why ROE is what it is →

Technicals

RSI, MACD, MAs

Reference indicators →

News & Filings

Recent activity

BSE filings + news for HCLTECH →

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Head-to-head with peers

Compare HCLTECH side by side →

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Model estimates using publicly available data. Not investment advice. YieldIQ is not registered with SEBI as an investment adviser or research analyst. Past performance does not guarantee future results.