HCL TECHNOLOGIES
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The Current P/E Ratio of HCL TECHNOLOGIES is 26.83.
| Share Price | ₹1,678.9 | Dec 23,2025 |
| Market Cap | ₹455,603.1 Cr | |
| Earnings-TTM | ₹16,983.0 Cr | TTM-Consolidated Results |
| Price/Earnings | 26.83x | 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 [ ₹455,603.1 Cr] as on Dec 23,2025
(/) Earnings [ ₹16,983.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 26.83x ]
Thus, for HCL TECHNOLOGIES , the investors are currently willing to pay 26.83 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 | 16,983.00 | 26.83 | 455,603.1 |
| TATA CONSULTANCY SERVICES LTD | 49,687.00 | 24.11 | 1,197,770.0 |
| INFOSYS LTD | 28,159.00 | 24.02 | 676,359.0 |
| WIPRO LTD | 13,503.90 | 21.07 | 284,507.0 |
| TECH MAHINDRA LTD | 4,458.10 | 35.87 | 159,900.0 |
| LTIMINDTREE LTD | 4,851.10 | 37.90 | 183,847.0 |
| PERSISTENT SYSTEMS LTD | 1,665.16 | 61.50 | 102,403.0 |
| ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,373.20 | 28.68 | 68,062.0 |
| COFORGE LTD | 1,273.40 | 46.80 | 59,597.2 |
| L&T TECHNOLOGY SERVICES LTD | 1,275.00 | 39.02 | 49,746.6 |
| MPHASIS LTD | 1,787.04 | 31.33 | 55,985.7 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs HCL TECHNOLOGIES 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 21.07x |
| Max industry PE | 61.50x |
| Median industry PE | 31.33x |
| Average industry PE | 34.28x |
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