HCL Technologies

HCL Technologies Forward P/E

The Forward P/E Ratio of HCL Technologies (HCLTECH.NS) as of Nov 8, 2026 is 23.86. In the previous year, Forward P/E Ratio was 22.77 — a change of 4.78% (higher).

Forward P/E

23.86

YoY

4.78%

Last updated:

Forward P/E Ratio of HCL Technologies is 2026 23.86 . Forward P/E Ratio of HCL Technologies was 2025 22.77 . It decreases by 4.78% higher compared to the previous year.

The HCL Technologies Forward P/E history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Forward P/E
Date
Forward P/E
Jan 1, 2019
39.71 INR
Jan 1, 2020
33.87 INR
Jan 1, 2021
35.98 INR
Jan 1, 2022
28.93 INR
Jan 1, 2023
26.31 INR
Jan 1, 2024
25.13 INR
Jan 1, 2025
22.77 INR
Jan 1, 2026
23.86 INR
The HCL Technologies Forward P/E history
YEARForward P/EYoY
23.86+4.78%
22.77-9.40%
25.13-4.48%
26.31-9.06%
28.93-19.60%
35.98+6.22%
33.87-14.69%
39.71-11.49%
44.86-7.55%
48.53-9.41%
53.57+0.37%
53.37-16.24%
63.71—

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HCL Technologies Stock analysis

What does HCL Technologies do? HCL Technologies Ltd is a global IT service provider based in Noida, India. Founded in 1976, it has experienced exceptional growth and is now one of the largest IT companies worldwide, employing over 160,000 people in 50 countries. The company is listed on the Bombay and National Stock Exchange of India and has a market value of around $35 billion. HCL Technologies provides IT services and solutions to various industries including aviation, banking, energy, government, healthcare, manufacturing, media, retail, telecommunications, and transportation. It offers a wide range of services including application development, infrastructure management, cloud services, digital transformation, IoT solutions, artificial intelligence, machine learning, and robotic process automation. The company also has its own platform called DryICE, which serves as a well-thought-out and multi-stage automation engine. HCL Technologies was founded in 1976 by Shiv Nadar in a shed in Delhi. It began by developing an electronic switchboard for the Indian government and later expanded into manufacturing and selling hardware components under its own license. HCL Technologies later entered into partnerships with foreign companies such as Hewlett-Packard and expanded its business to include IT services. The company is divided into three main business segments: IT and business services, engineering and R&D services, and products and platforms. Its IT and business services include application development, infrastructure management, business transformation, engineering services, digital workplaces, and cybersecurity services. The company has over 430 customers in 46 countries, with the largest share in North America. Its engineering and R&D services are offered to industries such as aerospace, automotive, semiconductor, telecommunications, energy, and utilities. The services include prototyping and simulation, hardware and software design and development, testing and validation, manufacturing and integration, and maintenance and support. HCL Technologies also develops and distributes a variety of IT products and platforms, including DryICE, an automation platform, DRYiCETM TAO, an enterprise automation platform, and IoT WoRKS, a platform for IoT solutions. In summary, HCL Technologies Ltd is a globally renowned IT service provider with a diverse range of services and solutions and an impressive success story. A comprehensive understanding of the company's business activities and accomplishments highlights why it is a significant player in the global IT industry. HCL Technologies is one of the most popular companies on Eulerpool.

Frequently Asked Questions about HCL Technologies stock

Forward P/E Ratio of HCL Technologies is 23.86 in 2026.

Forward P/E Ratio of HCL Technologies changed from 22.77 to 23.86, representing a 4.78% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Forward P/E Ratio HCL Technologies since 2006 – with annual values, charts, and detailed analysis.

The Forward P/E uses estimated future earnings to value a stock. A lower forward P/E relative to the trailing P/E suggests analysts expect earnings growth.

To evaluate Forward P/E Ratio's, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Forward P/E Ratio.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Forward P/E Ratio's HCL Technologies with sector peers and the industry average to assess whether it is attractive.

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