We are here with our experience, research, fundamentals and technical analysis for HCL share price targets for the years 2023 to 2030. Before we start with the share price forecast, we need to share a brief overview of the company.
HCL Technologies Limited is a global technology company headquartered in Noida, India. The company was established in 1991 and provides many IT services and solutions to clients.
HC Limited works in Infrastructure Management, Cyber Security, Digital Transformation and Application development.
It is a publicly-traded company and is listed on NSE and BSE and other exchanges as well. The company has traded a volume of 2,688,253 and a market capitalization of Rs 2,88,576 crore.
The company has performed consistently well over the years and the share price has increased significantly in recent years.
Its share price in 2018 was Rs 484.20 and the current share price is Rs 1051.75, up 78.30%. As per official data, the total revenue is Rs 85,651 crore and the net income is Rs 13,500 crore in FY22.
Fundamentals of HCL Technologies
| Company Name | HCL Technologies Limited |
| Industry | Technology |
| Country | India |
| Primary Exchange | NSE/BSE |
| Founded | 1991 |
| Traded Volume | 2,688,253 |
| Market Capitalization | ₹ 2,88,574 Cr |
| Revenue (Q3 FY 23) | ₹ 26,700 Cr (up 13.1% YoY) |
| Net Profit (FY22) | ₹ 13,513 Cr |
| Net Profit Margin | 15.73% |
| EPS (TTM) (FY22) | 51.29 ↑ (+31.43% YoY) A good EPS is often a good indicator shows consistent earning growth over time. |
| PE (TTM) | 19.73 |
| Dividend Yield | 3.99 |
| Dividend Per Share | 44.05 |
| ROE | 22.16% |
| 52 Week Low | 877.35 |
| 52 Week High | 1203.00 |
| Debt to Equity | 0.11 |
| Buy / Sell / Hold | Buy |
| Face Value | 2 |
| Official Website | www.hcltech.com |
HCL share price history for the last 5 years
| Year | Low | High |
|---|---|---|
| 2018 | 455.17 | 543.90 |
| 2019 | 517.28 | 591.67 |
| 2020 | 436.40 | 946.15 |
| 2021 | 898.95 | 1319.10 |
| 2022 | 932.35 | 1120.80 |
| 2023 | 1051.75 |
HCL share price targets for 2023, 2024, 2025, 2026, 2028 and 2030
Basically, the share price target is based on market trends, industry performance, company financials and other factors. According to some industry experts, HCL share price may see a significant increase in the coming years. In fact, many analysts have a positive outlook for HCL shares and have set a price target of around Rs 1,200 to Rs 1,700 in 2023.
Note: You are advised that these share price targets are not exact prices, they are predictions of future prices which may vary. You should always do your own research and consult your financial advisor before investing.
2023
In 2023, as per our experience, research and technical analysis, the lowest share price target will be Rs 1030.50 to Rs 1185.30. But, the maximum target price for HCL stock will be Rs 1250.20 to Rs 1365.10 per share.
2024
As per our research, experience and forecast system, the lowest share price target will be Rs 1250.40 to Rs 1320.40. And at the end of the year, the maximum target price for the HCL share would be Rs 1305.80 to Rs 1430.20 by 2024.
2025
In 2025, based on market trends, company history, our experience, research and technical analysis, the lowest share price target will be Rs 1430.40 to Rs 1540.30. And at the end of the year, the maximum target price for the HCL share will be Rs 1655.80 to Rs 1730.90.
2026
As per our research, company history and forecast system, the lowest share price target will be Rs 1750.30 to Rs 1820.40. And at the end of the year, the maximum target price for the HCL share will be Rs 1905.40 to Rs 2050.20 by 2026.
2028
In 2028, with in-depth research, our experience and technical analysis, the lowest share price target would be Rs 2180.70 to Rs 2250.70. And in the middle of the year, the maximum target price for the HCL share would be Rs 2340.20 to Rs 2560.70.
2030
According to our research and forecast system, the minimum share price target will be Rs 2530.20 to Rs 2640.10. And at the end of the year, the maximum target price for the HCL share would be Rs 2820.50 to Rs 3080.40 by 2030.
Risk factors
HCL Technologies is an IT sector company and a number of risks may affect its business operations and financial performance. So, the company share price target may get affected in the following cases:
- Competition: This industry is highly competitive so, may be affected by both established companies and new entrants.
- Economical: Changes in global economic conditions, such as recessions, currency fluctuations and others. Which may affect its revenue growth and profitability in the future.
- Cyber Security: Cybersecurity threats and challenges in retaining a skilled workforce can also be major risk factors for the company.
Shareholding pattern
The shareholding pattern of any company shows you the types of shares held in the company. Generally, the promoter’s share percentage should be a minimum of 40% in the company. Also, it has to be seen what is the pledged percentage of the promoter’s share.
Here, the most important is the foreign institutions, as they are qualified investors and know the company very well than others. But, you have to track whether they are leaving the company or not.
| Promoters | 60.71% |
| Mutual Funds | 8.97% |
| Foreign Institutions | 18.27% |
| Domestic Institutions | 6.16% |
| Retail & others | 5.89% |
Steps Required for Retail Investors
Before investing in the shares of any company, we need to look at the fundamentals, such as what the company does, its financial performance, market trends, revenue growth, whether the company is profitable or not, how much institutional investment, debt to equity, EPS, PE Ratio, etc.
FAQs
A: The maximum share price of HCL will be Rs 1250.20 to Rs 1365.10 per share by 2023.
A: The maximum share price target for HCL Technologies in 2025 would be Rs 1655.80 to Rs 1730.90.
A: At present, its share price is priced at Rs 1051, which is higher with a buy objective. Still, it can be a good option for the long term, but you need to track its performance all the time.
A: The maximum share price target for HCL Technologies in 2030 would be Rs 1655.80 to Rs 1730.90.
Disclaimer: The share price forecasts on our website (bankshala.com) are for general information only. We are not SEBI-registered financial advisors and no part of the website content provided by us should be considered financial advice. Before investing in any company you should do your own research and analyze and consult your financial advisor before taking any decision.
