HCL Technologies Ltd

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

HCL Technologies Ltd

₹ 1,137 0.00%
05 Jun 4:01 p.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

Segment wise revenue breakup FY22
IT and Business Services – 72%
Engineering and R&D services - 16%
Products & Platforms – 12% [1]

Website BSE NSE
  • Market Cap ₹ 3,08,544 Cr.
  • Current Price ₹ 1,137
  • High / Low ₹ 1,157 / 876
  • Stock P/E 26.9
  • Book Value ₹ 151
  • Dividend Yield 4.21 %
  • ROCE 34.8 %
  • ROE 27.4 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.19%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.6%
  • Company has been maintaining a healthy dividend payout of 83.2%
  • Debtor days have improved from 80.5 to 41.9 days.

Cons

  • Stock is trading at 7.53 times its book value

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
9,067 8,362 8,658 9,404 9,249 9,556 9,786 10,662 10,634 10,817 11,424 12,398 11,637
5,488 4,886 4,919 5,197 6,236 5,814 6,142 6,762 6,808 7,050 7,471 7,842 7,670
Operating Profit 3,579 3,476 3,739 4,207 3,013 3,742 3,644 3,900 3,826 3,767 3,953 4,556 3,967
OPM % 39% 42% 43% 45% 33% 39% 37% 37% 36% 35% 35% 37% 34%
161 316 181 218 250 261 177 187 255 334 184 288 225
Interest 68 66 27 64 20 30 25 28 26 27 33 33 34
Depreciation 601 651 659 719 784 660 644 728 583 586 560 686 599
Profit before tax 3,071 3,075 3,234 3,642 2,459 3,313 3,152 3,331 3,472 3,488 3,544 4,125 3,559
Tax % 18% 23% 22% 7% 81% 19% 19% 21% 14% 23% 23% 23% 20%
Net Profit 2,503 2,360 2,530 3,397 456 2,672 2,562 2,637 3,003 2,678 2,741 3,196 2,844
EPS in Rs 9.22 8.70 9.32 12.52 1.68 9.85 9.44 9.72 11.07 9.87 10.10 11.78 10.48
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
8,907 12,518 16,497 17,153 13,435 19,318 22,073 26,012 32,666 35,673 40,638 46,276
6,397 7,927 9,186 10,294 8,299 11,465 12,734 15,594 19,902 21,238 25,526 30,033
Operating Profit 2,510 4,591 7,311 6,860 5,136 7,853 9,339 10,418 12,764 14,435 15,112 16,243
OPM % 28% 37% 44% 40% 38% 41% 42% 40% 39% 40% 37% 35%
301 472 659 1,200 968 956 702 805 613 965 880 1,031
Interest 97 76 82 61 46 55 23 16 240 177 109 127
Depreciation 353 442 491 300 277 478 893 1,276 1,959 2,813 2,615 2,431
Profit before tax 2,361 4,545 7,398 7,699 5,782 8,276 9,125 9,931 11,178 12,410 13,268 14,716
Tax % 17% 18% 19% 18% 18% 17% 19% 18% 20% 30% 18% 22%
Net Profit 1,950 3,705 5,985 6,346 4,719 6,873 7,362 8,185 8,969 8,743 10,874 11,459
EPS in Rs 7.03 13.29 21.37 22.57 16.73 24.09 26.44 30.17 33.05 32.22 40.07 42.23
Dividend Payout % 43% 23% 12% 66% 48% 50% 23% 13% 30% 31% 105% 114%
Compounded Sales Growth
10 Years: 18%
5 Years: 16%
3 Years: 12%
TTM: 14%
Compounded Profit Growth
10 Years: 19%
5 Years: 10%
3 Years: 9%
TTM: 6%
Stock Price CAGR
10 Years: 20%
5 Years: 20%
3 Years: 25%
1 Year: 9%
Return on Equity
10 Years: 27%
5 Years: 25%
3 Years: 25%
Last Year: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
139 139 140 281 282 285 278 271 543 543 543 543
Reserves 6,468 10,098 15,613 19,125 21,214 25,688 27,285 30,168 37,003 43,010 42,048 40,561
1,040 627 569 41 42 45 48 50 1,018 943 880 799
3,231 5,095 5,493 5,469 5,050 6,353 5,207 6,967 15,274 10,865 9,952 11,457
Total Liabilities 10,877 15,959 21,814 24,915 26,588 32,371 32,818 37,456 53,838 55,361 53,423 53,360
1,614 1,954 2,449 3,064 2,816 7,989 10,428 11,235 22,643 20,905 19,524 17,935
CWIP 550 488 518 544 582 411 298 212 311 245 79 21
Investments 3,298 4,056 4,116 4,125 3,974 4,724 6,198 5,810 11,039 11,646 11,096 10,159
5,416 9,461 14,731 17,182 19,215 19,247 15,894 20,199 19,845 22,565 22,724 25,245
Total Assets 10,877 15,959 21,814 24,915 26,588 32,371 32,818 37,456 53,838 55,361 53,423 53,360

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2,147 4,170 6,147 5,336 3,154 6,995 6,339 8,676 9,911 15,765 10,591 13,538
-1,343 -2,974 -4,665 -1,783 -763 -2,656 -934 972 -11,148 -4,534 2,215 -798
-837 -1,175 -1,398 -3,360 -2,699 -4,112 -5,547 -5,335 -1,997 -9,649 -12,775 -13,267
Net Cash Flow -33 21 85 192 -308 227 -142 4,313 -3,234 1,582 31 -527

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 82 79 71 76 111 83 90 88 84 99 100 42
Inventory Days
Days Payable
Cash Conversion Cycle 82 79 71 76 111 83 90 88 84 99 100 42
Working Capital Days 9 26 5 37 108 63 104 57 20 63 64 95
ROCE % 34% 49% 54% 43% 30% 35% 34% 34% 33% 30% 30% 35%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
60.33 60.33 60.33 60.33 60.33 60.33 60.33 60.72 60.72 60.72 60.72 60.82
25.62 24.92 24.92 24.14 23.22 22.30 20.43 18.97 17.91 17.17 18.29 18.92
10.01 10.62 10.25 10.54 11.34 12.47 13.74 14.68 15.54 16.52 15.85 15.28
0.04 0.04 0.04 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
4.00 4.09 4.46 4.97 5.09 4.88 5.28 5.38 5.59 5.34 4.89 4.74
0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.23 0.23 0.23 0.23 0.23

* 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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