HCL Technologies (NSE:HCLTECH) Construction In Progress: ₹600 Mil (As of Mar. 2026)


NSE:HCLTECH HCL Technologies Ltd NSE:HCLTECH
82 GF Score
Price ₹1,034.20
GF Value ₹1,780.49
Valuation Significantly Undervalued
! 4 Warning Signs
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What is HCL Technologies Construction In Progress?

HCL Technologies NSE:HCLTECH -3.51% 82 Construction In Progress is ₹600 Mil as of Mar. 2026. GuruFocus rates NSE:HCLTECH with a GF Score™ of 82/100 and a GF Value™ of ₹1,780.49 (Significantly Undervalued). The stock has 4 warning signs investors should review.

HCL Technologies's quarterly construction in progress declined from Sep. 2025 (₹1,060 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹600 Mil).

HCL Technologies's annual construction in progress declined from Mar. 2024 (₹1,150 Mil) to Mar. 2025 (₹730 Mil) and declined from Mar. 2025 (₹730 Mil) to Mar. 2026 (₹600 Mil).

HCL Technologies Construction In Progress Historical Data

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The historical data trend for HCL Technologies's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HCL Technologies Construction In Progress Chart

HCL Technologies Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,620.00 520.00 1,150.00 730.00 600.00

HCL Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 730.00 0.00 1,060.00 0.00 600.00
NSE:HCLTECH
82GF Score
HCL Technologies Ltd NSE:HCLTECH
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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HCL Technologies Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹600 Mil mean?
HCL Technologies (NSE:HCLTECH) has a Construction In Progress of ₹600 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on HCL Technologies and its competitors.
Is HCL Technologies' Construction In Progress too high?
HCL Technologies' current Construction In Progress is ₹600 Mil. Overall, HCL Technologies has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HCL Technologies' Construction In Progress compare to IBM and ACN?
HCL Technologies' Construction In Progress of ₹600 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Software company?
A good Construction In Progress depends on the Software industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on HCL Technologies and its competitors. HCL Technologies's current Construction In Progress is ₹600 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HCL Technologies stock overvalued right now?
Based on GuruFocus' analysis, HCL Technologies (NSE:HCLTECH) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,780.49, compared to a current price of ₹1,034.20 — trading 41.9% below its estimated fair value. The current Construction In Progress is ₹600 Mil. HCL Technologies' overall GF Score™ is 82/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For HCL Technologies (NSE:HCLTECH), the current Construction In Progress is ₹600 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HCL Technologies (NSE:HCLTECH) Overvalued in 2026?

Based on GuruFocus' analysis, HCL Technologies stock appears to be undervalued. The current stock price of ₹1,034.20 is trading 41.9% below its estimated GF Value™ of ₹1,780.49. GuruFocus considers HCL Technologies to be Significantly Undervalued.

Key valuation signals for NSE:HCLTECH:

  • Construction In Progress: ₹600 Mil
  • GF Value™: ₹1,780.49 vs. price of ₹1,034.20 (41.9% below fair value)
  • GF Score™: 82/100 with 4 warning signs

No single metric tells the full story. See the NSE:HCLTECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HCL Technologies Business Description

Other Exchanges 532281:India
Address Sector 126, Special Economic Zone, Plot No. 3A, Technology Hub, Noida, UP, IND, 201304
HCL Technologies Ltd provides enterprises with IT solutions. It focuses on offering Digital, Internet of Things, Cloud, Automation, Cybersecurity, Infrastructure Management, and Engineering services to solve business problems for clients. It offers solutions to a variety of industries, including Financial Services, Public Services, Consumer Services, Healthcare, and Manufacturing. It operates in three segments: IT and Business Services, Engineering and R&D Services, and HCL Software. The firm emphasizes consultation services for firms, intending to offer them digital and design solutions. The majority of the firm's revenue comes from the IT and Business Services segment. Geographically, it derives maximum revenue from the USA, and the rest from Europe, India, and the Rest of the world.
82GF Score

Get the complete analysis for NSE:HCLTECH

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,034.20
Price
₹1,780.49
GF Value