HCL TECHNOLOGIES
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The Current P/E Ratio of HCL TECHNOLOGIES is 18.99.
| Share Price | ₹1,165.2 | May 27,2026 |
| Market Cap | ₹316,186.8 Cr | |
| Earnings-TTM | ₹16,652.0 Cr | TTM-Consolidated Results |
| Price/Earnings | 18.99x | Calculated as Market Cap/Earnings |
|---|---|---|
| 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 [ ₹316,186.8 Cr] as on May 27,2026
(/) Earnings [ ₹16,652.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 18.99x ]
Thus, for HCL TECHNOLOGIES , the investors are currently willing to pay 18.99 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 | 16,652.00 | 18.99 | 316,186.8 |
| TATA CONSULTANCY SERVICES LTD | 49,454.00 | 16.69 | 825,286.0 |
| INFOSYS LTD | 29,474.00 | 15.95 | 470,193.0 |
| WIPRO LTD | 13,239.80 | 15.99 | 211,726.0 |
| TECH MAHINDRA LTD | 4,807.00 | 29.66 | 142,554.0 |
| LTM LTD | 4,982.70 | 23.75 | 118,324.0 |
| ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,639.30 | 33.98 | 89,671.9 |
| PERSISTENT SYSTEMS LTD | 1,865.12 | 43.11 | 80,410.7 |
| COFORGE LTD | 1,674.50 | 36.66 | 61,394.1 |
| MPHASIS LTD | 1,867.81 | 22.80 | 42,590.5 |
| L&T TECHNOLOGY SERVICES LTD | 1,268.40 | 29.19 | 37,026.9 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs HCL TECHNOLOGIES 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 15.95x |
| Max industry PE | 43.11x |
| Median industry PE | 23.75x |
| Average industry PE | 26.07x |
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