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HCL Technologies Ltd
BSE:532281

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HCL Technologies Ltd
BSE:532281
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Price: 1 277.2 INR -0.62% Market Closed
Market Cap: ₹3.5T

EV/EBIT

13.3
Current
26%
Cheaper
vs 3-y average of 18.1

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
13.3
=
Enterprise Value
₹3T
/
EBIT
₹224B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
13.3
=
Enterprise Value
₹3T
/
EBIT
₹224B

Valuation Scenarios

HCL Technologies Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (18.1), the stock would be worth ₹1 737.59 (36% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+75%
Average Upside
47%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 13.3 ₹1 277.2
0%
3-Year Average 18.1 ₹1 737.59
+36%
5-Year Average 17.3 ₹1 659.15
+30%
Industry Average 19.5 ₹1 868.42
+46%
Country Average 23.3 ₹2 233.99
+75%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
₹3T
/
Apr 2026
₹224B
=
13.3
Current
₹3T
/
Mar 2027
₹259.1B
=
11.7
Forward
₹3T
/
Mar 2028
₹280.9B
=
10.8
Forward
₹3T
/
Mar 2029
₹299.6B
=
10.1
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IN
HCL Technologies Ltd
BSE:532281
3.4T INR 13.3 20.1
US
International Business Machines Corp
NYSE:IBM
217.6B USD 23.6 20.2
JP
BrainPad Inc
TSE:3655
20.9T JPY 52.7 551.4
IE
Accenture PLC
NYSE:ACN
109.7B USD 9.3 14.3
IN
Tata Consultancy Services Ltd
NSE:TCS
9.1T INR 12.5 18
IN
Infosys Ltd
NSE:INFY
5T INR 12.4 16.7
JP
Fujitsu Ltd
TSE:6702
6.5T JPY 16.5 13.7
JP
NEC Corp
TSE:6701
6T JPY 18.9 24.5
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR 21 38.8
JP
NTT Data Corp
TSE:9613
5.6T JPY 21.1 39.1
US
Cognizant Technology Solutions Corp
NASDAQ:CTSH
26.4B USD 7.5 11.8

Market Distribution

Lower than 75% of companies in India
Percentile
25th
Based on 2 572 companies
25th percentile
14.2
Low
0.4 — 15.7
Typical Range
15.7 — 34.7
High
34.7 —
Distribution Statistics
India
Min 0.4
30th Percentile 15.7
Median 23.3
70th Percentile 34.7
Max 48 145.1

HCL Technologies Ltd
Glance View

In the sprawling tapestry of India's technological ascent, HCL Technologies Ltd. stands out as a quintessential success story, threading the intricate fabric of digital innovation and business solutions. Born out of the visionary acumen of its founder, Shiv Nadar, HCL started its journey in the late '70s as a hardware-focused company. Over the decades, it evolved, adapting to the fast-paced demands of the IT and business landscape. Today, HCL operates as a multinational IT services conglomerate, spreading its influence across over 50 countries. The company's core operations involve providing a wide array of services encompassing IT and business consulting, system integration, and outsourcing. In an ever-connected global economy, it helps businesses harness technology through its cutting-edge services in areas such as cloud computing, cybersecurity, and digital transformation. The company's business model is built on creating reliable partnerships with clients across varied sectors, including healthcare, financial services, manufacturing, and telecommunications. HCL makes money primarily through multi-year contracts that deliver value through innovation and operational efficiency. It focuses on nurturing relationships with Fortune 500 companies, emphasizing co-innovation and customized solutions. Its commitment to a "Mode 1-2-3" strategy — which emphasizes core services, next-gen transformational services, and products and platforms — allows HCL to secure a foothold in a swiftly evolving market. By consistently reinvesting in talent and technology, HCL maintains its competitive edge, ensuring sustainable growth while driving transformative outcomes for its clients.

HCLTECH Intrinsic Value
1 408.6 INR
Undervaluation 9%
Intrinsic Value
Price ₹1 277.2
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