HCL Technologies Ltd

HCL Technologies Ltd

₹ 1,330 0.91%
06 Dec - close price
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]

  • Market Cap 3,60,864 Cr.
  • Current Price 1,330
  • High / Low 1,350 / 1,012
  • Stock P/E 23.4
  • Book Value 242
  • Dividend Yield 3.61 %
  • ROCE 28.3 %
  • ROE 23.0 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.61%.
  • Company has been maintaining a healthy dividend payout of 65.5%

Cons

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
18,594 19,302 19,641 20,068 20,655 22,331 22,597 23,464 24,686 26,700 26,606 26,296 26,672
13,476 13,678 15,092 15,006 15,633 16,938 17,545 18,489 19,261 20,335 20,743 20,931 20,743
Operating Profit 5,118 5,624 4,549 5,062 5,022 5,393 5,052 4,975 5,425 6,365 5,863 5,365 5,929
OPM % 28% 29% 23% 25% 24% 24% 22% 21% 22% 24% 22% 20% 22%
199 189 244 255 240 255 317 409 236 260 453 344 365
Interest 80 147 159 89 83 82 65 64 79 116 94 86 156
Depreciation 1,092 1,187 1,267 1,128 1,078 1,136 984 983 998 1,137 1,027 927 1,010
Profit before tax 4,145 4,479 3,367 4,100 4,101 4,430 4,320 4,337 4,584 5,372 5,195 4,696 5,128
Tax % 24% 11% 67% 22% 20% 22% 17% 24% 24% 24% 23% 25% 25%
3,146 3,977 1,111 3,213 3,263 3,448 3,599 3,281 3,487 4,096 3,981 3,531 3,833
EPS in Rs 11.58 14.63 4.06 11.81 12.01 12.68 13.24 12.10 12.86 15.09 14.68 13.02 14.12
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
20,831 25,581 32,144 36,701 31,136 47,568 50,569 60,427 70,676 75,379 85,651 101,456 106,274
17,135 19,901 24,108 28,215 24,482 37,178 39,323 46,501 53,360 55,331 65,122 78,828 82,752
Operating Profit 3,695 5,680 8,035 8,486 6,654 10,390 11,246 13,926 17,316 20,048 20,529 22,628 23,522
OPM % 18% 22% 25% 23% 21% 22% 22% 23% 24% 27% 24% 22% 22%
206 332 677 1,126 871 1,069 1,230 943 589 927 1,067 1,358 1,422
Interest 143 106 114 91 74 89 69 174 505 511 319 353 452
Depreciation 549 637 681 404 410 828 1,383 2,073 3,420 4,611 4,326 4,145 4,101
Profit before tax 3,210 5,270 7,917 9,117 7,041 10,542 11,024 12,622 13,980 15,853 16,951 19,488 20,391
Tax % 24% 23% 18% 20% 20% 18% 21% 20% 21% 30% 20% 24%
2,423 4,040 6,528 7,342 5,602 8,606 8,722 10,120 11,057 11,169 13,523 14,845 15,441
EPS in Rs 8.74 14.49 23.25 26.02 19.86 30.16 31.32 37.31 40.75 41.07 49.74 54.73 56.91
Dividend Payout % 34% 21% 11% 58% 40% 40% 19% 11% 25% 24% 84% 88%
Compounded Sales Growth
10 Years: 17%
5 Years: 15%
3 Years: 13%
TTM: 14%
Compounded Profit Growth
10 Years: 20%
5 Years: 11%
3 Years: 10%
TTM: 12%
Stock Price CAGR
10 Years: 17%
5 Years: 23%
3 Years: 16%
1 Year: 19%
Return on Equity
10 Years: 24%
5 Years: 23%
3 Years: 22%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 139 139 140 281 282 285 278 271 543 543 543 543 543
Reserves 9,699 13,025 19,410 23,943 27,109 32,664 36,108 41,095 50,724 59,370 61,371 64,862 65,140
2,179 1,044 1,018 648 1,090 582 557 4,195 7,986 6,864 6,343 4,794 5,268
6,320 8,191 9,412 10,372 10,859 12,231 11,046 12,788 23,566 19,270 20,664 23,051 22,628
Total Liabilities 18,338 22,399 29,980 35,245 39,341 45,762 47,989 58,349 82,819 86,047 88,921 93,250 93,579
6,453 6,753 7,444 8,275 9,716 15,235 18,753 22,888 37,490 37,145 35,077 34,619 35,834
CWIP 578 494 531 552 611 448 320 235 400 312 129 40 56
Investments 673 713 662 869 698 1,306 2,660 2,305 7,066 6,862 6,351 5,495 5,583
10,633 14,440 21,343 25,548 28,315 28,773 26,256 32,921 37,863 41,728 47,364 53,096 52,106
Total Assets 18,338 22,399 29,980 35,245 39,341 45,762 47,989 58,349 82,819 86,047 88,921 93,250 93,579

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2,418 4,492 6,457 5,539 3,823 8,995 8,328 8,971 13,359 19,618 16,900 18,009
-1,026 -2,361 -4,842 -2,088 -2,208 -3,890 -2,236 -3,256 -12,332 -5,665 1,597 -3,573
-1,239 -2,086 -1,308 -3,140 -2,237 -4,517 -5,714 -1,471 -3,168 -11,192 -14,508 -15,881
Net Cash Flow 153 44 307 311 -623 588 378 4,244 -2,141 2,761 3,989 -1,445

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 68 64 65 65 91 64 70 71 73 85 88 92
Inventory Days
Days Payable
Cash Conversion Cycle 68 64 65 65 91 64 70 71 73 85 88 92
Working Capital Days 9 15 10 29 64 38 59 49 27 52 48 47
ROCE % 31% 41% 45% 40% 28% 34% 31% 31% 27% 26% 25% 28%

Shareholding Pattern

Numbers in percentages

11 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
60.33% 60.33% 60.33% 60.33% 60.33% 60.72% 60.72% 60.72% 60.72% 60.82% 60.82% 60.82%
24.92% 24.14% 23.22% 22.30% 20.43% 18.97% 17.91% 17.17% 18.29% 18.92% 18.98% 18.80%
10.25% 10.54% 11.34% 12.47% 13.74% 14.68% 15.54% 16.52% 15.85% 15.28% 15.33% 15.62%
0.04% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
4.46% 4.97% 5.09% 4.88% 5.28% 5.38% 5.59% 5.34% 4.89% 4.74% 4.63% 4.54%
0.00% 0.00% 0.00% 0.00% 0.20% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.21%
No. of Shareholders 3,61,3525,17,8476,35,9496,53,5927,78,1129,08,0559,95,79610,89,3179,91,5489,40,0799,09,3598,79,120

* 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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