` Comparison: HCLTECH, TECHM - Alpha Spread

HCLTECH
vs
TECHM

Over the past 12 months, HCLTECH has underperformed TECHM, delivering a return of -11% compared to the TECHM's 10% drop.

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TECHM
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Stocks Compared:
HCLTECH TECHM
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Valuation Comparison

HCLTECH Intrinsic Value
1 402.79 INR
Overvaluation 17%
Intrinsic Value
Price
TECHM Intrinsic Value
1 358.9 INR
Overvaluation 15%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
HCL Technologies Ltd
NSE:HCLTECH
1 690.6 INR
Tech Mahindra Ltd
NSE:TECHM
1 595.2 INR
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Growth Comparison

Growth Over Time
HCLTECH, TECHM

HCLTECH
TECHM
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
HCL Technologies Ltd
Revenue
Tech Mahindra Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
HCLTECH, TECHM

HCLTECH
TECHM
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
HCL Technologies Ltd
NSE:HCLTECH
Tech Mahindra Ltd
NSE:TECHM
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What is Free Cash Flow?

Gross Margin

HCLTECH
84.7%
TECHM
89.7%

Operating Margin

HCLTECH
17.7%
TECHM
11%

Net Margin

HCLTECH
13.9%
TECHM
8.3%

FCF Margin

HCLTECH
17.4%
TECHM
10.8%

ROE

HCLTECH
24.2%
TECHM
16.6%

ROA

HCLTECH
16.3%
TECHM
10.1%

ROIC

HCLTECH
22.8%
TECHM
13.3%

ROCE

HCLTECH
27.5%
TECHM
18.9%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HCLTECH, TECHM

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HCLTECH
TECHM
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Performance Gap
HCLTECH, TECHM

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HCLTECH
TECHM
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
HCLTECH, TECHM

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HCLTECH
TECHM
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