HCL TECHNOLOGIES LTD Fair Value
HCLTECH · Information Technology · Current price ₹1,329.8
| Method | Fair value | Status |
|---|---|---|
| Residual income | ₹470 | 24% ROE fading to 12% over ~20 yrs, on ₹277 book |
| Relative P/E | ₹1,411 | EPS × 23.0 peer-median P/E |
| Graham floor | ₹618 | Conservative floor: √(22.5 × EPS × book value/share) |
| Analyst target | ₹1,264 | Street consensus 12-month target price |
Is HCL TECHNOLOGIES LTD undervalued?
DocStoX estimates the fair value of HCL TECHNOLOGIES LTD at ₹849 per share, versus the current market price of ₹1,330. That puts the stock about -36.2% above our fair-value estimate, which we read as "Avoid". Our confidence in this estimate is low.
How this fair value is calculated
This estimate blends 4 independent methods: Residual income (₹470), Relative P/E (₹1,411), Graham floor (₹618), Analyst target (₹1,264). We weight each by its reliability and skip any method whose inputs look untrustworthy — "no DCF beats a wrong DCF". This is the same deterministic engine that powers DocStoX stock pages; there is no guesswork or AI-generated number here.
Bear, base and bull scenarios
Our scenarios span ₹470 (bear) to ₹849 (base) to ₹1,411 (bull). A margin of safety means buying meaningfully below the base case — the wider the gap, the more room for error in the assumptions.
More on HCL TECHNOLOGIES LTD
DocStoX estimates are generated by a deterministic valuation engine from reported financials — for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.