HCL Technologies Ltd

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

HCL Technologies Ltd

₹ 1,302 -1.21%
21 Aug - close price
hcltech.com BSE: 532281 NSE: HCLTECH F&O
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

Business Overview[1]
HCLTech is a global technology company, employs more than 226,300 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products. Co. named to Fortune’s World’s Most Admired Companies 2026 List.

Website BSE NSE F&O
  • Market Cap ₹ 3,53,455 Cr.
  • Current Price ₹ 1,302
  • High / Low ₹ 1,780 / 1,030
  • Stock P/E 19.4
  • Book Value ₹ 95.4
  • Dividend Yield 4.15 %
  • ROCE 53.4 %
  • ROE 40.6 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.15%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.3%
  • Company has been maintaining a healthy dividend payout of 149%

Cons

  • Stock is trading at 13.6 times its book value
  • The company has delivered a poor sales growth of 9.06% 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

Information Technology Information Technology IT - Software Computers - Software & Consulting

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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
11,451 12,059 12,531 12,077 11,784 12,615 13,274 13,432 13,073 13,829 15,239 12,890 14,337
7,769 7,745 7,694 8,034 8,086 7,994 8,287 9,022 8,900 9,597 9,849 9,626 10,179
Operating Profit 3,682 4,314 4,837 4,043 3,698 4,621 4,987 4,410 4,173 4,232 5,390 3,264 4,158
OPM % 32% 36% 39% 33% 31% 37% 38% 33% 32% 31% 35% 25% 29%
262 252 261 301 321 284 344 285 344 325 -657 -4,488 4,401
Interest 29 33 29 34 47 30 38 41 73 78 63 29 45
Depreciation 506 583 678 604 571 559 613 577 571 560 630 555 529
Profit before tax 3,409 3,950 4,391 3,706 3,401 4,316 4,680 4,077 3,873 3,919 4,040 -1,808 7,985
Tax % 24% 25% 24% 25% 27% 25% 25% 25% 25% 32% 26% -50% 12%
2,596 2,966 3,349 2,763 2,479 3,216 3,526 3,045 2,888 2,657 2,982 -900 7,025
EPS in Rs 9.57 10.93 12.34 10.18 9.14 11.85 12.99 11.22 10.64 9.79 10.99 -3.32 25.89
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2015 Mar 2016 9m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
17,153 13,435 19,318 22,073 26,012 32,666 35,673 40,638 46,276 48,118 51,105 55,031 56,295
10,294 8,299 11,465 12,734 15,594 19,902 21,238 25,526 30,033 31,242 33,389 37,972 39,251
Operating Profit 6,860 5,136 7,853 9,339 10,418 12,764 14,435 15,112 16,243 16,876 17,716 17,059 17,044
OPM % 40% 38% 41% 42% 40% 39% 40% 37% 35% 35% 35% 31% 30%
1,200 968 956 702 805 613 965 880 1,031 1,076 1,234 -4,476 -419
Interest 61 46 55 23 16 240 177 109 127 125 156 243 215
Depreciation 300 277 478 893 1,276 1,959 2,813 2,615 2,431 2,371 2,320 2,316 2,274
Profit before tax 7,699 5,782 8,276 9,125 9,931 11,178 12,410 13,268 14,716 15,456 16,474 10,024 14,136
Tax % 18% 18% 17% 19% 18% 20% 30% 18% 22% 24% 26% 24%
6,346 4,719 6,873 7,362 8,185 8,969 8,743 10,874 11,459 11,674 12,266 7,627 11,764
EPS in Rs 22.57 16.73 24.09 26.44 30.17 33.05 32.22 40.07 42.23 43.02 45.20 28.11 43.35
Dividend Payout % 66% 48% 50% 23% 13% 30% 31% 105% 114% 121% 133% 192%
Compounded Sales Growth
10 Years: 15%
5 Years: 9%
3 Years: 6%
TTM: 7%
Compounded Profit Growth
10 Years: 10%
5 Years: 8%
3 Years: 3%
TTM: 44%
Stock Price CAGR
10 Years: 13%
5 Years: 2%
3 Years: 3%
1 Year: -11%
Return on Equity
10 Years: 28%
5 Years: 30%
3 Years: 33%
Last Year: 41%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 281 282 285 278 271 543 543 543 543 543 543 543
Reserves 19,125 21,214 25,688 27,285 30,168 37,003 43,010 42,048 40,561 38,927 34,397 25,355
41 42 45 48 50 1,018 943 880 799 914 1,041 988
5,469 5,050 6,353 5,207 6,967 15,274 10,865 9,952 11,457 11,923 16,522 20,088
Total Liabilities 24,915 26,588 32,371 32,818 37,456 53,838 55,361 53,423 53,360 52,307 52,503 46,974
3,064 2,816 7,989 10,428 11,235 22,643 20,905 19,524 17,935 16,333 16,218 14,829
CWIP 544 582 411 298 212 311 245 79 21 22 29 96
Investments 4,125 3,974 4,724 6,198 5,810 11,039 11,646 11,096 10,159 11,841 12,317 11,546
17,182 19,215 19,247 15,894 20,199 19,845 22,565 22,724 25,245 24,111 23,939 20,503
Total Assets 24,915 26,588 32,371 32,818 37,456 53,838 55,361 53,423 53,360 52,307 52,503 46,974

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
5,336 3,154 6,995 6,339 8,676 9,911 15,765 10,591 13,538 15,282 15,991 12,129
-1,783 -763 -2,656 -934 972 -11,148 -4,534 2,215 -804 -2,339 1,017 3,561
-3,360 -2,699 -4,112 -5,547 -5,335 -1,997 -9,649 -12,775 -13,267 -14,480 -17,253 -15,681
Net Cash Flow 192 -308 227 -142 4,313 -3,234 1,582 31 -533 -1,537 -245 9
Free Cash Flow 4,284 2,691 3,695 2,000 6,364 8,982 15,080 9,844 12,945 14,903 15,552 11,414
CFO/OP 99% 82% 109% 86% 103% 91% 125% 85% 99% 106% 106% 84%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 76 111 83 90 88 84 53 100 102 92 105 89
Inventory Days
Days Payable
Cash Conversion Cycle 76 111 83 90 88 84 53 100 102 92 105 89
Working Capital Days 37 108 63 104 57 19 62 62 52 35 23 -11
ROCE % 43% 30% 35% 34% 34% 33% 30% 30% 34% 38% 43% 53%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Total Headcount
employees

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Number of $100M+ Clients
clients
Number of $10M+ Clients
clients
LTM Voluntary Attrition Rate (IT Services)
%
New Bookings TCV (Total Contract Value)
USD billion
Services Revenue Share (ITBS + ERS)
%
USA Revenue Share (Services)
%
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

22 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.86% 60.88%
18.80% 19.42% 19.65% 18.45% 18.67% 19.38% 19.15% 18.56% 16.64% 16.21% 15.51% 14.90%
15.62% 15.12% 14.95% 15.77% 15.78% 15.21% 15.44% 16.17% 17.80% 18.37% 18.95% 18.75%
0.02% 0.02% 0.02% 0.02% 0.02% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
4.54% 4.40% 4.35% 4.65% 4.53% 4.42% 4.37% 4.24% 4.41% 4.26% 4.36% 5.14%
0.21% 0.21% 0.21% 0.28% 0.18% 0.13% 0.18% 0.16% 0.30% 0.30% 0.29% 0.29%
No. of Shareholders 8,79,1208,52,9028,55,9609,50,1478,75,1648,68,7358,80,7228,85,8359,29,2358,82,5058,77,71710,23,551

* 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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