Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). HCL Technologies's share price for the quarter that ended in Mar. 2026 was ₹1341.6. HCL Technologies's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 2,706 Mil. Therefore, HCL Technologies's market cap for the quarter that ended in Mar. 2026 was ₹3,630,057 Mil.
HCL Technologies's quarterly market cap
increased
from Sep. 2025 (₹3,747,402 Mil) to Dec. 2025 (₹4,392,085 Mil) but then
declined
from Dec. 2025 (₹4,392,085 Mil) to Mar. 2026 (₹3,630,057 Mil).
HCL Technologies's annual market cap
increased
from Mar. 2024 (₹4,179,920 Mil) to Mar. 2025 (₹4,313,941 Mil) but then
declined
from Mar. 2025 (₹4,313,941 Mil) to Mar. 2026 (₹3,630,057 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. HCL Technologies's Enterprise Value for Today is ₹2,814,228 Mil.
HCL Technologies (NSE:HCLTECH) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
HCL Technologies Market Cap Related Terms
HCL Technologies Market Cap Historical Data
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The historical data trend for HCL Technologies's Market Cap 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.
NSE:HCLTECH vs IBM, ACN, FISV: Market Cap Comparison
For the Information Technology Services subindustry, HCL Technologies's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Software Industry
For the Software industry and Technology sector, HCL Technologies's Market Cap distribution charts can be found below:
* The bar in red indicates where HCL Technologies's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
HCL Technologies's Market Cap for the fiscal year that ended in Mar. 2026 is calculated as
* 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 (NSE:HCLTECH) has a Market Cap of ₹3,081,868 Mil as of Jul. 04, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on HCL Technologies and its competitors. According to the industry distribution chart, HCL Technologies ranks #37 out of 2929 companies in the Software industry, placing it in the top 1.3%.
Is HCL Technologies' Market Cap too high?
HCL Technologies' current Market Cap is ₹3,081,868 Mil. Based on the distribution chart, HCL Technologies ranks #37 out of 2929 companies in the Software industry, which is in the top quartile — a strong position relative to peers. 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' Market Cap compare to IBM and ACN?
According to the Software industry distribution chart, HCL Technologies ranks #37 out of 2929 companies for Market Cap. This places HCL Technologies in the top 1% of its industry — outperforming the majority of peers. The industry median Market Cap is 67.92. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Software company?
The median Market Cap among Software companies is 67.92, based on 2,929 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on HCL Technologies and its competitors. For the Software industry, the median Market Cap is 67.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HCL Technologies's current Market Cap is ₹3,081,868 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 ₹1,781.04, compared to a current price of ₹1,139.00 — trading 36% below its estimated fair value. The current Market Cap is ₹3,081,868 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For HCL Technologies (NSE:HCLTECH), the current Market Cap is ₹3,081,868 Mil as of Jul. 04, 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 ₹1,139.00 is trading 36% below its estimated GF Value™ of ₹1,781.04.
GuruFocus considers HCL Technologies to be Significantly Undervalued.
Key valuation signals for NSE:HCLTECH:
Market Cap: ₹3,081,868 Mil
GF Value™: ₹1,781.04 vs. price of ₹1,139.00 (36% below fair value)
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 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
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