HCL Technologies (NSE:HCLTECH) EV-to-OCF: (As of Sep. 21, 2026)

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NSE:HCLTECH HCL Technologies Ltd NSE:HCLTECH
93 GF Score
Price ₹1,249.30
GF Value ₹1,833.66
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is HCL Technologies EV-to-OCF?

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, HCL Technologies's Enterprise Value is ₹3,126,634 Mil. HCL Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was ₹ Mil. Therefore, HCL Technologies's EV-to-OCF for today is .

The historical rank and industry rank for HCL Technologies's EV-to-OCF or its related term are showing as below:

NSE:HCLTECH' s EV-to-OCF Range Over the Past 10 Years
Min: 14.63   Med: 23.94   Max: 83.4
Current: 15.07

During the past 13 years, the highest EV-to-OCF of HCL Technologies was 83.40. The lowest was 14.63. And the median was 23.94.

NSE:HCLTECH's EV-to-OCF is ranked worse than
70.97% of 2876 companies
in the Software industry
Industry Median: 6.805 vs NSE:HCLTECH: 15.07

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-09-21), HCL Technologies's stock price is ₹1249.30. HCL Technologies's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₹64.277. Therefore, HCL Technologies's PE Ratio (TTM) for today is 19.44.


HCL Technologies  (NSE:HCLTECH) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

HCL Technologies's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=1249.30/64.277
=19.44

HCL Technologies's share price for today is ₹1249.30.
HCL Technologies's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹64.277.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


HCL Technologies EV-to-OCF Related Terms


HCL Technologies EV-to-OCF Historical Data

* Premium members only.

The historical data trend for HCL Technologies's EV-to-OCF 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 EV-to-OCF Chart

HCL Technologies Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.50 15.03 16.97 17.39 15.85

HCL Technologies Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-OCF 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 - - - - -

NSE:HCLTECH vs IBM, ACN, CTSH: EV-to-OCF Comparison

For the Information Technology Services subindustry, HCL Technologies's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HCL Technologies EV-to-OCF vs Software Industry

For the Software industry and Technology sector, HCL Technologies's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where HCL Technologies's EV-to-OCF falls into.


NSE:HCLTECH
93GF Score
HCL Technologies Ltd NSE:HCLTECH
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HCL Technologies EV-to-OCF Calculation

HCL Technologies's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=3126634.356/
=

HCL Technologies's current Enterprise Value is ₹3,126,634 Mil.
HCL Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹ Mil.

* 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.

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

Based on GuruFocus' analysis, HCL Technologies stock appears to be undervalued. The current stock price of ₹1,249.30 is trading 31.9% below its estimated GF Value™ of ₹1,833.66. GuruFocus considers HCL Technologies to be Significantly Undervalued.

Key valuation signals for NSE:HCLTECH:

  • EV-to-OCF:
  • GF Value™: ₹1,833.66 vs. price of ₹1,249.30 (31.9% below fair value)
  • GF Score™: 93/100 with 3 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.
93GF Score

Get the complete analysis for NSE:HCLTECH

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,249.30
Price
₹1,833.66
GF Value