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HCL TECHNOLOGIES
PS (Price/Sales) Ratio

The Current P/S Ratio of HCL TECHNOLOGIES is 3.44.

Share Price ₹1,602.1Feb 09,2026
Market Cap ₹434,748.3 Cr
Sales-TTM₹126,409.0 CrTTM-Consolidated Results
Price/Sales3.44xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of HCL TECHNOLOGIES

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of HCL TECHNOLOGIES is calculated as :

Current Market Cap [ ₹434,748.3 Cr] as on Feb 09,2026

(/) Sales [ ₹126,409.0 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 3.44x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for HCL TECHNOLOGIES , the investors are currently willing to pay '3.44 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of HCL TECHNOLOGIES !

The chart below summarizes the trend in P/S Ratio of HCL TECHNOLOGIES over the last five years.

Historical PS (Price/Sales) ratio chart of HCL TECHNOLOGIES


PS Ratio Performance Analysis for HCL TECHNOLOGIES

- HCL TECHNOLOGIES 's latest p/e ratio is 3.44x.

- HCL TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 3.53x.

- HCL TECHNOLOGIES 's operated at median p/e ratio of 3.69x 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 3.81x.

- HCL TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2023 of 2.91x.


How does HCL TECHNOLOGIES 's P/S Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Sales (Cr)PS RatioMarket Cap (Cr)
HCL TECHNOLOGIES 126,409.03.44434,748.3
TATA CONSULTANCY SERVICES LTD260,802.04.091,066,290.0
INFOSYS LTD173,173.03.51607,005.0
WIPRO LTD90,891.92.66241,323.0
TECH MAHINDRA LTD55,123.32.88158,811.0
LTIMINDTREE LTD40,787.64.09166,800.0
PERSISTENT SYSTEMS LTD13,934.66.6592,701.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD7,323.28.6463,251.6
COFORGE LTD15,272.33.4152,036.2
L&T TECHNOLOGY SERVICES LTD11,751.43.5241,336.4
MPHASIS LTD15,347.03.2549,824.4

IT - Software Industry Benchmark (Top 10) PS Analysis vs HCL TECHNOLOGIES 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 2.66x
Max industry PS 8.64x
Median industry PS 3.51x
Average industry PS 4.19x



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