HCLTECH
Hcl Technologies Limited
Each stock's 10,000-path forecast, rendered as light.
Hcl Technologies Limited (HCLTECH) Stock Analysis & Case Study
Is HCLTECH a good buy? The data-driven verdict.
Hcl Technologies Limited (HCLTECH) trades at ₹1,357,on the numbers it screens attractive, a Downstox Snapshot Score of 80/100.
On the numbers, Hcl Technologies Limited (HCLTECH) screens attractive, a Downstox Snapshot Score of 80/100, weighing fairly valued at 20.3× earnings, ROE of 23.8%, a 61% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
HCLTECH fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How HCLTECH ranks against the 2,373 companies in our screener
- HCLTECH's market cap of 3.68L Cr ranks in the top 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HCLTECH's book value of ₹277 ranks in the 79th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HCLTECH's promoter holding of 60.9% ranks in the 53rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HCLTECH's 3-year profit (PAT) growth of 6.0% ranks in the 37th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HCLTECH's 3-year revenue growth of 9.0% ranks in the 47th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HCLTECH's debt-to-equity ratio of 0.07x is lower than 82% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is HCLTECH overvalued? HCLTECH P/E vs its IT
HCLTECH's P/E of 20.3× sits above the IT peer median of 20.3×, so on earnings it screens in line with peers, while its 3.98% dividend yield is above the peer median of 3.12%.
HCLTECH share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of HCLTECH history (12%/yr drift, 27%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| HCLTECH 2027 | ₹1,025 | ₹1,461 | ₹2,082 | +8% |
| HCLTECH 2028 | ₹967 | ₹1,573 | ₹2,559 | +16% |
| HCLTECH 2029 | ₹929 | ₹1,694 | ₹3,090 | +25% |
| HCLTECH 2030 | ₹906 | ₹1,824 | ₹3,674 | +34% |
| HCLTECH 2031 | ₹889 | ₹1,965 | ₹4,341 | +45% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability HCLTECH goes up, or doubles?
The bull case for HCLTECH
- HCLTECH's P/E of 20.3x is lower than 62% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HCLTECH's return on equity of 23.8% ranks in the 89th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HCLTECH's return on capital employed of 30.4% ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HCLTECH's dividend yield of 4.0% ranks in the top 3% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- A 10,000-path probability model puts a 61% chance the price is higher in a year, with a median target of ₹1,461 (+8%).
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹3,090.
The bear case & risks
- No model or past record guarantees future returns, treat this as one input, not a decision.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹929.
HCLTECH volatility & expected range, how bumpy is the ride?
Over the last 9.8 years HCLTECH compounded at 12%/year with annualized volatility of 27%. That volatility implies a 1-year 80% range of ₹1,025-₹2,082, the honest backbone behind any single price target.
HCLTECH price forecast, the full 60-month probability fan
HCLTECH price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds HCLTECH hits common targets within the simulated horizon?
Full multi-horizon detail on the HCLTECH price target & forecast page.
HCLTECH Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. HCLTECH scores 6/8, mixed financial health.
HCLTECH MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy HCLTECH with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 25.65% | 3.9× |
| Zerodha | 24.80% | 4.0× |
| Groww | 24.86% | 4.0× |
| Dhan | 22.50% | 4.4× |
| Kotak NeoCHEAPEST | 22.12% | 4.5× |
| Paytm Money | 22.32% | 4.5× |
| Pocketful | 29.30% | 3.4× |
| Anand Rathi | 29.14% | 3.4× |
| Bajaj Broking | 23.00% | 4.3× |
| Share India | 29.21% | 3.4× |
Compare every broker on the HCLTECH MTF page.
HCLTECH vs peers,IT comparison
| Stock | P/E | Div yield | Market cap |
|---|---|---|---|
| HCLTECH (this stock) | 20.3× | 3.98% | ₹3.68L Cr |
| TCS | 16.5× | 2.61% | ₹8.87L Cr |
| INFY | 15.3× | 4.08% | ₹4.77L Cr |
| WIPRO | 14.0× | 5.87% | ₹1.86L Cr |
| TECHM | 30.1× | 3.12% | ₹1.60L Cr |
| PERSISTENT | 43.4× | 0.73% | ₹86,368 Cr |
| COFORGE | 41.0× | 0.68% | ₹78,663 Cr |
Fundamentals from Screener.in, as of 9 Aug 2026
About Hcl Technologies Limited: sector, index & market-cap context
Hcl Technologies Limited (HCLTECH) is a large-cap NSE-listed company in the IT sector, and a constituent of the Nifty 50 index, with a market capitalisation of ₹3.68L Cr. See more stocks on our screener.
How the HCLTECH Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Hcl Technologies Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
HCLTECH analysis, FAQs
Is Hcl Technologies Limited (HCLTECH) a good buy?
On the numbers, Hcl Technologies Limited (HCLTECH) screens attractive, a Downstox Snapshot Score of 80/100, weighing fairly valued at 20.3× earnings, ROE of 23.8%, a 61% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is HCLTECH overvalued or undervalued?
HCLTECH trades at 20.3× earnings versus a peer median of 20.3×, so it screens richer than its IT peers.
What is the HCLTECH share price target for 2031?
HCLTECH's probability-weighted 2031 median target is ₹1,965, with an 80% range of ₹889-₹4,341 (10,000-path Monte-Carlo).
What is the probability HCLTECH doubles in 5 years?
The modelled probability of HCLTECH reaching ₹2,713 (2×) within 5 years is 30%.
What is the bull case for HCLTECH?
HCLTECH's P/E of 20.3x is lower than 62% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. HCLTECH's return on equity of 23.8% ranks in the 89th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. HCLTECH's return on capital employed of 30.4% ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in HCLTECH?
No model or past record guarantees future returns, treat this as one input, not a decision.