NSE: HCLTECH | BSE: 532281

Mid-range Performer

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1548.80 4.90 (0.32%)

4.0M NSE+BSE Volume

NSE 18 Jul, 2025 3:31 PM (IST)

420,292.5

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

HCL Technologies Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HCLTECH, BSE:532281 HCL Technologies Ltd.

HCL Technologies Ltd.

26 Apr 2021

1548.80

0.32%

Q4FY21 Result Update - Disappointed by margin guidance - BUY

Buy: HCL Technologies Ltd.

Target

Prabhudas Lilladhar

We have cut our estimates by 7%/4% for FY22/23E on account of 1) low revenue acceleration as compared to peers, 2) Cut in margin estimates (100bps for both years), 3) Higher ETR in FY22/23. Due to inability to maintain profitability post COVID we have reduced our target PE to 18X from 20X....

Number of FII/FPI investors decreased from 1512 to 1480 in Mar 2025 qtr

HCL Technologies Ltd.

25 Apr 2021

1548.80

0.32%

HCL Technologies: Q4FY21 Result Review

Accumulate: HCL Technologies Ltd.

Recommendation Target

IDBI Capital

HCL Technologies' (HCLT) Q4FY21 revenue growth of 2.5% QoQ in CC was in-line with our forecast of +2.9%. However, EBIT margin of 16.6%, -630bps QoQ (20.3% Ex-one time pay out to employees) was a big miss to our forecast of 19.2%. As a result, EPS of Rs8.8, -40%/24% QoQ/YoY was also a big miss. For FY22, HCLT has guided for a double-digit revenue growth in CC, in-line with our expectation. However, EBIT margin guidance of 19% to 21% (vs. 21.3% ex-one time payout to employees for FY21) is lower than our expectation. We factor EBIT margin miss in Q4FY21 & FY22 guidance, higher ETR and cut our FY22/23...

HCL Technologies Ltd. has an average target of 1748.23 from 13 brokers.

HCL Technologies Ltd.

24 Apr 2021

1548.80

0.32%

Traction in Services to cushion the pain in Products

Buy: HCL Technologies Ltd.

Target

Motilal Oswal

HCLT delivered in line revenue growth (2.5% QoQ CC) in 4QFY21, led by strong traction in IT Services (+4.4%), but partially offset by muted ER&D; (+0.7%) and a fall in Products and Platforms (-4.9%) due to seasonality and client-specific weakness. EBIT margin (adjusted for one-time bonus impact of 370bp) fell 250bp QoQ to 20.4% on wage hike (60bp), seasonality in Products and Platforms (70bp), higher fresher hiring (60bp), forex (20bp), and impairment charges (60bp). The management guided at double-digit USD revenue growth and 19-21% as the EBIT margin band for FY22....

HCL Technologies Ltd. is trading below all available SMAs

HCL Technologies Ltd.

24 Apr 2021

1548.80

0.32%

HCL Technologies

Buy: HCL Technologies Ltd.

Target

ICICI Securities Limited

Revenue trajectory to improve in coming years The company plans to tap the US$300 billion cloud opportunity by 2023; considering the company's expertise in Infrastructure Management Services (IMS) & app modernisation and focus on integrated deals. The company expects healthy double digit growth in revenues in FY22E mainly led by improved growth in IT & business services and ER&D; (the company believes it has bottomed out and will see growth from here on). In terms of products & platforms HCL expects 75% of products to grow at a healthy pace but the...

HCL Technologies Ltd. has an average target of 1748.23 from 13 brokers.

HCL Technologies Ltd.

22 Mar 2021

1548.80

0.32%

Valuations continue to discount Product opportunity

Buy: HCL Technologies Ltd.

Motilal Oswal

HCLT remains one the most attractive stocks in our coverage, trading at 15x FY23E P/E (38%/26% discount to TCS/Infosys), despite delivering 20% earnings growth in FY21 YTD. We expect this discount to narrow as it benefits from increasing Cloud spend, given its large exposure to IT infrastructure. It can potentially re-rate if it continues to deliver growth in the Software Product business, which remains a key overhang on the stock price, despite outperforming expectations over the last two quarters....

Number of FII/FPI investors decreased from 1512 to 1480 in Mar 2025 qtr

HCL Technologies Ltd.

22 Jan 2021

1548.80

0.32%

HCL TECHNOLOGIES LTD

Buy: HCL Technologies Ltd.

Target

Geojit BNP Paribas

HCL Technologies Limited provides software development business process outsourcing, information technology and infrastructure services. The company is spread across 49 countries with 150,000+ employees and its...

Number of FII/FPI investors decreased from 1512 to 1480 in Mar 2025 qtr

HCL Technologies Ltd.

20 Jan 2021, 12:00AM

1548.80

0.32%

HCL Technologies: Q3FY21 Result Review

Buy: HCL Technologies Ltd.

Target

IDBI Capital

HCL Technologies' (HCLT) Q3FY21 revenue growth of 3.5% QoQ in CC was slightly higher than our forecast of +2.9%. However, EBIT margin saw a strong improvement of 130bps to 22.9% and was a beat to our forecast. EPS of Rs14.7, 25.7%/+31% QoQ/YoY (aided by lower ETR) was even bigger beat to our forecast. Q3FY21 saw 13 transformational deals and HCLT is confident of improving the deal-win momentum going forward. It has increased its Q4FY21 revenue guidance to 2%-3% QoQ vs. 1.5%-2.5% earlier and FY21 EBIT margin guidance to 21%-21.5% vs. 20%-21% earlier. We factor the Q3FY21 beat, guidance and increase our FY21/22/23 revenue (US$)...

HCL Technologies Ltd. is trading below all available SMAs

HCL Technologies Ltd.

18 Jan 2021

1548.80

0.32%

Result Update:HCL Technologies

Buy: HCL Technologies Ltd.

Target

Axis Direct

We recommend BUY and assign 16x P/E multiple to its FY23E earnings of Rs. 59.8 per share which gives a TP of Rs. 1,136 per share, an upside of 15%.

Prabhudas Lilladhar increased Hold price target of HCL Technologies Ltd. to 1550.0 on 15 Jul, 2025.

HCL Technologies Ltd.

18 Jan 2021

1548.80

0.32%

HCL Technologies Limited

HCL Technologies Ltd.

SMC online

a growth of 1%QoQ and -5%YoY. However, the Mode 2 services [(services that helps enterprise take the next digital leap) (accounts for 22.7% of HCL's revenue)] registered strong growth of 13%QoQ and 28%YoY. Similarly the Mode 3 services [Innovative IP's to help enterprises to be future ready) (or 16.3% of revenue)] registered a growth of 8%QoQ and 6%YoY....

HCL Technologies Ltd. is trading below all available SMAs

HCL Technologies Ltd.

18 Jan 2021

1548.80

0.32%

Q3FY21 Result Update - Product came as surprise! - BUY

Buy: HCL Technologies Ltd.

Target

Prabhudas Lilladhar

13 large deals of size $25mn+ closed this quarter (+13% YoY). Pipeline remains strong with possibility of accelerated booking in coming quarters. HCLT's revenue growth of 3.5% QoQ CC (Ple 3.4% & Cons: 2.7%) & 4.4% USD...

HCL Technologies Ltd. has an average target of 1748.23 from 13 brokers.

Is HCL Technologies Ltd. worth buying?

1815 Votes:

Buy 85.23%

Sell 7.6%

Hold 7.16%

RESEARCH REPORTS

Hold SEE REPORTS >

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Hold SEE REPORTS >

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