HCL TechnologiesNSE:HCLTECH +4.24%82 Quick Ratio is 2.21 as of Mar. 2026, which is 8% below its 10-year median of 2.41. GuruFocus rates NSE:HCLTECH with a GF Score™ of 82/100 and a GF Value™ of ₹1,780.65 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,865 Software companies, HCL Technologies ranks better than 62.72% on this metric.
HCL Technologies has a quick ratio of 2.21. It generally indicates good short-term financial strength.
The historical rank and industry rank for HCL Technologies's Quick Ratio or its related term are showing as below:
NSE:HCLTECH'
s Quick Ratio Range Over the Past 10 Years
Min: 1.62 Med: 2.41 Max: 2.6
Current: 2.21
During the past 13 years, HCL Technologies's highest Quick Ratio was 2.60. The lowest was 1.62. And the median was 2.41.
NSE:HCLTECH's Quick Ratio is ranked better than 62.72% of 2865
companies
in the Software industry
Industry Median: 1.7
vs NSE:HCLTECH: 2.21
HCL Technologies (NSE:HCLTECH) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
HCL Technologies Quick Ratio Related Terms
HCL Technologies Quick Ratio Historical Data
* Premium members only.
The historical data trend for HCL Technologies's Quick Ratio 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: Quick Ratio Comparison
For the Information Technology Services subindustry, HCL Technologies's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Software Industry
For the Software industry and Technology sector, HCL Technologies's Quick Ratio distribution charts can be found below:
* The bar in red indicates where HCL Technologies's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
HCL Technologies's Quick Ratio 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 Quick Ratio of 2.21 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on HCL Technologies and its competitors. This is near median its historical median of 2.41. Over the past decade, HCL Technologies' Quick Ratio has ranged from 1.62 to 2.60. According to the industry distribution chart, HCL Technologies ranks #1068 out of 2865 companies in the Software industry, placing it in the top 37.3%.
Is HCL Technologies' Quick Ratio too high?
HCL Technologies' current Quick Ratio of 2.21 is near median its 10-year median of 2.41. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 2.60. The Software industry median Quick Ratio is 1.70. HCL Technologies' value of 2.21 is 30% above this industry median. Based on the distribution chart, HCL Technologies ranks #1068 out of 2865 companies in the Software industry, which is above the industry midpoint. 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' Quick Ratio compare to IBM and ACN?
According to the Software industry distribution chart, HCL Technologies ranks #1068 out of 2865 companies for Quick Ratio. This puts HCL Technologies in the upper half of its industry. The industry median Quick Ratio is 1.70. HCL Technologies' value of 2.21 is 30% above this benchmark. Historically, HCL Technologies' own Quick Ratio has ranged from 1.62 to 2.60 over the past decade. While the company's 10-year median is 2.41 vs. the industry median of 1.70, HCL Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Software company?
The median Quick Ratio among Software companies is 1.70, based on 2,865 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HCL Technologies's current Quick Ratio of 2.21 is 30% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on HCL Technologies and its competitors. For the Software industry, the median Quick Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HCL Technologies's current Quick Ratio is 2.21, which is near median its own 10-year median of 2.41. 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 ₹1,780.65, compared to a current price of ₹1,078.10 — trading 39.5% below its estimated fair value. The current Quick Ratio is 2.21, which is near median its 10-year median of 2.41 and 30% above the Software industry median of 1.70. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For HCL Technologies (NSE:HCLTECH), the current Quick Ratio is 2.21 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 ₹1,078.10 is trading 39.5% below its estimated GF Value™ of ₹1,780.65.
GuruFocus considers HCL Technologies to be Significantly Undervalued.
Key valuation signals for NSE:HCLTECH:
Quick Ratio: 2.21 (near median its 10-year median of 2.41)
GF Value™: ₹1,780.65 vs. price of ₹1,078.10 (39.5% below fair value)
Industry Position: 30% above the Software median (#1068 of 2865)
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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