HCL TECHNOLOGIES
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The Current P/E Ratio of HCL TECHNOLOGIES is 22.64.
Share Price | ₹1,416.7 | Oct 06,2025 |
Market Cap | ₹384,436.3 Cr | |
Earnings-TTM | ₹16,984.0 Cr | TTM-Consolidated Results |
Price/Earnings | 22.64x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of HCL TECHNOLOGIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹384,436.3 Cr] as on Oct 06,2025
(/) Earnings [ ₹16,984.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 22.64x ]
Thus, for HCL TECHNOLOGIES , the investors are currently willing to pay 22.64 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of HCL TECHNOLOGIES !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of HCL TECHNOLOGIES over the last five years.
Historical PE (Price/Earnings) ratio chart of HCL TECHNOLOGIES
PE Ratio Performance Analysis for HCL TECHNOLOGIES
- HCL TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 23.75x.
- HCL TECHNOLOGIES 's operated at median p/e ratio of 23.96x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HCL TECHNOLOGIES 's p/e ratio peaked in Mar2024 at 26.68x.
- HCL TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2023 of 19.86x.
How does HCL TECHNOLOGIES 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
HCL TECHNOLOGIES | 16,984.00 | 22.64 | 384,436.3 |
TATA CONSULTANCY SERVICES LTD | 49,511.00 | 21.84 | 1,081,100.0 |
INFOSYS LTD | 27,300.00 | 22.45 | 612,836.0 |
WIPRO LTD | 13,483.00 | 18.82 | 253,760.0 |
TECH MAHINDRA LTD | 4,510.50 | 31.26 | 140,998.0 |
LTIMINDTREE LTD | 4,721.50 | 33.10 | 156,296.0 |
PERSISTENT SYSTEMS LTD | 1,518.68 | 53.45 | 81,174.7 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,404.80 | 32.86 | 79,026.8 |
COFORGE LTD | 1,081.60 | 51.43 | 55,626.6 |
L&T TECHNOLOGY SERVICES LTD | 1,265.80 | 35.98 | 45,549.5 |
MPHASIS LTD | 1,739.33 | 30.54 | 53,117.1 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs HCL TECHNOLOGIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 18.82x |
Max industry PE | 53.45x |
Median industry PE | 31.26x |
Average industry PE | 32.22x |
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