HCL TECHNOLOGIES
|
The Current P/E Ratio of HCL TECHNOLOGIES is 20.49.
| Share Price | ₹1,316.5 | Aug 28,2026 |
| Market Cap | ₹357,258.6 Cr | |
| Earnings-TTM | ₹17,434.0 Cr | TTM-Consolidated Results |
| Price/Earnings | 20.49x | 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 [ ₹357,258.6 Cr] as on Aug 28,2026
(/) Earnings [ ₹17,434.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 20.49x ]
Thus, for HCL TECHNOLOGIES , the investors are currently willing to pay 20.49 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 Mar2026 to Mar2022 averaged 23.33x.
- HCL TECHNOLOGIES 's operated at median p/e ratio of 23.4x 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 | 17,434.00 | 20.49 | 357,258.6 |
| TATA CONSULTANCY SERVICES LTD | 50,055.00 | 16.94 | 848,080.0 |
| INFOSYS LTD | 30,325.00 | 15.30 | 464,120.0 |
| WIPRO LTD | 13,265.10 | 13.47 | 178,675.0 |
| TECH MAHINDRA LTD | 5,169.30 | 31.02 | 160,350.0 |
| LTM LTD | 5,196.70 | 26.71 | 138,819.0 |
| ORACLE FINANCIAL SERVICES SOFTWARE LTD | 3,412.90 | 31.08 | 106,067.0 |
| PERSISTENT SYSTEMS LTD | 1,923.23 | 48.00 | 92,307.4 |
| COFORGE LTD | 1,920.00 | 46.41 | 89,115.6 |
| MPHASIS LTD | 1,915.28 | 24.44 | 46,817.5 |
| L&T TECHNOLOGY SERVICES LTD | 1,304.60 | 29.03 | 37,870.7 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs HCL TECHNOLOGIES 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 13.47x |
| Max industry PE | 48.00x |
| Median industry PE | 26.71x |
| Average industry PE | 27.54x |
You may also like the below Video Courses