HCL Technologies Ltd

HCL Technologies Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

HCL Technologies Ltd

₹ 1,629 0.54%
14 May 10:56 a.m.
hcltech.com BSE: 532281 NSE: HCLTECH
About

HCL Tech is a leading global IT services company, which is ranked amongst the top five Indian IT services companies in terms of revenues. Since its inception into the global landscape after its IPO in 1999, HCL Tech has focused on transformational outsourcing, and offers an integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. The company leverages its extensive global offshore infrastructure and network of offices in 46 countries to provide multi-service delivery in key industry verticals.

Key Points

Fastest Growing IT Company
The company has emerged as the fastest-growing IT services brand with a ~16% YoY growth in brand value among the top 10 IT companies globally, as per the 2024 Brand Finance Global 500 and IT Services Top 25 Report. It is India’s 3rd largest IT services company in annual revenue terms. [1] [2]

Website BSE NSE
  • Market Cap ₹ 4,42,110 Cr.
  • Current Price ₹ 1,629
  • High / Low ₹ 2,012 / 1,235
  • Stock P/E 25.4
  • Book Value ₹ 257
  • Dividend Yield 3.34 %
  • ROCE 31.9 %
  • ROE 25.2 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.33%.
  • Company has been maintaining a healthy dividend payout of 90.4%
  • Debtor days have improved from 79.1 to 60.9 days.

Cons

  • The company has delivered a poor sales growth of 10.6% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Large

Part of BSE Sensex Nifty 50 BSE 500 BSE Information Technology BSE 100

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
22,597 23,464 24,686 26,700 26,606 26,296 26,672 28,446 28,499 28,057 28,862 29,890 30,246
17,545 18,489 19,261 20,335 20,743 20,931 20,743 21,659 22,382 22,264 22,493 23,030 23,764
Operating Profit 5,052 4,975 5,425 6,365 5,863 5,365 5,929 6,787 6,117 5,793 6,369 6,860 6,482
OPM % 22% 21% 22% 24% 22% 20% 22% 24% 21% 21% 22% 23% 21%
317 409 236 260 453 344 365 370 416 1,103 456 477 449
Interest 65 64 79 116 94 86 156 140 171 191 131 166 156
Depreciation 984 983 998 1,137 1,027 927 1,010 1,143 1,093 998 1,007 1,039 1,040
Profit before tax 4,320 4,337 4,584 5,372 5,195 4,696 5,128 5,874 5,269 5,707 5,687 6,132 5,735
Tax % 17% 24% 24% 24% 23% 25% 25% 26% 24% 25% 26% 25% 25%
3,599 3,281 3,487 4,096 3,981 3,531 3,833 4,351 3,995 4,259 4,237 4,594 4,309
EPS in Rs 13.24 12.10 12.86 15.09 14.68 13.02 14.12 16.03 14.69 15.69 15.61 16.92 15.88
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Jun 2014 Jun 2015 Mar 2016 9m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
32,144 36,701 31,136 47,568 50,569 60,427 70,676 75,379 85,651 101,456 109,913 117,055
24,108 28,215 24,482 37,178 39,323 46,501 53,360 55,331 65,122 78,828 85,715 91,551
Operating Profit 8,035 8,486 6,654 10,390 11,246 13,926 17,316 20,048 20,529 22,628 24,198 25,504
OPM % 25% 23% 21% 22% 22% 23% 24% 27% 24% 22% 22% 22%
677 1,126 871 1,069 1,230 943 589 927 1,067 1,358 1,495 2,485
Interest 114 91 74 89 69 174 505 511 319 353 553 644
Depreciation 681 404 410 828 1,383 2,073 3,420 4,611 4,326 4,145 4,173 4,084
Profit before tax 7,917 9,117 7,041 10,542 11,024 12,622 13,980 15,853 16,951 19,488 20,967 23,261
Tax % 18% 20% 20% 18% 21% 20% 21% 30% 20% 24% 25% 25%
6,528 7,342 5,602 8,606 8,722 10,120 11,057 11,169 13,523 14,845 15,710 17,399
EPS in Rs 23.25 26.02 19.86 30.16 31.32 37.31 40.75 41.07 49.74 54.73 57.86 64.12
Dividend Payout % 11% 58% 40% 40% 19% 11% 25% 24% 84% 88% 90% 94%
Compounded Sales Growth
10 Years: 14%
5 Years: 11%
3 Years: 11%
TTM: 7%
Compounded Profit Growth
10 Years: 10%
5 Years: 10%
3 Years: 9%
TTM: 12%
Stock Price CAGR
10 Years: 13%
5 Years: 26%
3 Years: 15%
1 Year: 23%
Return on Equity
10 Years: 24%
5 Years: 23%
3 Years: 24%
Last Year: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 140 281 282 285 278 271 543 543 543 543 543 543
Reserves 19,410 23,943 27,109 32,664 36,108 41,095 50,724 59,370 61,371 64,862 67,720 69,112
1,018 648 1,090 582 557 4,195 7,986 6,864 6,343 4,794 5,758 6,276
9,412 10,372 10,859 12,231 11,046 12,788 23,566 19,270 20,664 23,051 24,985 29,613
Total Liabilities 29,980 35,245 39,341 45,762 47,989 58,349 82,819 86,047 88,921 93,250 99,006 105,544
7,444 8,275 9,716 15,235 18,753 22,888 37,490 37,145 35,077 34,619 35,063 36,172
CWIP 531 552 611 448 320 235 400 312 129 40 108 59
Investments 662 869 698 1,306 2,660 2,305 7,066 6,862 6,351 5,495 7,137 7,564
21,343 25,548 28,315 28,773 26,256 32,921 37,863 41,728 47,364 53,096 56,698 61,749
Total Assets 29,980 35,245 39,341 45,762 47,989 58,349 82,819 86,047 88,921 93,250 99,006 105,544

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
6,457 5,539 3,823 8,995 8,328 8,971 13,359 19,618 16,900 18,009 22,448 22,261
-4,842 -2,088 -2,208 -3,890 -2,236 -3,256 -12,332 -5,665 1,597 -3,573 -6,608 -4,914
-1,308 -3,140 -2,237 -4,517 -5,714 -1,471 -3,168 -11,192 -14,508 -15,881 -15,464 -18,561
Net Cash Flow 307 311 -623 588 378 4,244 -2,141 2,761 3,989 -1,445 376 -1,214

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 65 65 91 64 70 71 73 85 88 92 85 61
Inventory Days
Days Payable
Cash Conversion Cycle 65 65 91 64 70 71 73 85 88 92 85 61
Working Capital Days 10 29 64 38 59 49 27 52 48 47 35 51
ROCE % 45% 40% 28% 34% 31% 31% 27% 26% 25% 28% 30% 32%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
60.72% 60.72% 60.72% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82%
17.91% 17.17% 18.29% 18.92% 18.98% 18.80% 19.42% 19.65% 18.45% 18.67% 19.38% 19.15%
15.54% 16.52% 15.85% 15.28% 15.33% 15.62% 15.12% 14.95% 15.77% 15.78% 15.21% 15.44%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.04% 0.04%
5.59% 5.34% 4.89% 4.74% 4.63% 4.54% 4.40% 4.35% 4.65% 4.53% 4.42% 4.37%
0.23% 0.23% 0.23% 0.23% 0.23% 0.21% 0.21% 0.21% 0.28% 0.18% 0.13% 0.18%
No. of Shareholders 9,95,79610,89,3179,91,5489,40,0799,09,3598,79,1208,52,9028,55,9609,50,1478,75,1648,68,7358,80,722

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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