HCL Technologies Limited HCLTECH NIFTY50NSEAITECH
HCL Technologies Limited provides IT and business services, engineering, research and development services, software products, and IP-led offerings. It operates through IT and Business Services, Engineering and R&D Services, and HCL Software segments. The company provides application development, management, modernization, and testing services, as well as commercial applications; automation services, including digital integration, business process management, robotic process automation for intelligent automation, and low- and no-code services; digital process operations, such as customer experience management, hyper intelligent automation, supply chain management, finance and accounting, marketing operations and content, and human resource services; and data and AI services that consist of strategy and advisory, modernize data, simplify insights, and scale AI. It also offers commercial applications for sales, accounting, finance, HR, inventory, and manufacturing operations; cybersecurity services; systems engineering, simulation process and data management, manufacturing engineering, supplier collaboration, and digital thread and twin, as well as application, service, and product lifecycle management; and HCLTech Career Shaper, a learning and assessment platform. In addition, the company provides cloud engineering, digital platform engineering, digital commerce and manufacturing, silicon platform solutions, 5G engineering, SemiCloud, and AITech services; and IT enablement and service desk, unified communication and collaboration, workplace assessment and automation, mobility, and cloud office services. Further, it offers intelligent operations, internet of things, marketing services, operational technology, product engineering, supply chain, unified service management, and enterprise network solutions. The company has a strategic partnership with Cisco Systems, Inc. to launch a Fluid Contact Center solution that features AI and cloud-enabled capabilities to help enterprises transform customer engagement. The company was founded in 1976 and is headquartered in Noida, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 23.4%.
- Healthy ROCE of 27.2%.
- Attractive dividend yield of 8.11%.
- Generates positive free cash flow.
CONS
- Trading 30.2% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,183.80 | 19.31 | ₹3.20 L Cr | 8.11% | 27.21% | 23.36% | 8.65% | 3.87% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,258.90 | 16.61 | ₹8.17 L Cr | 5.49% | 54.93% | 48.40% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,160.90 | 15.01 | ₹4.70 L Cr | 4.31% | 41.66% | 31.44% | 3.44% | 3.58% |
| 4 | WIPRO Wipro Limited NIFTY50NSEAITECH | 204.25 | 16.26 | ₹2.14 L Cr | 8.32% | 18.42% | 15.49% | 4.05% | 2.44% |
| 5 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,483.90 | 27.40 | ₹1.31 L Cr | 3.44% | 20.60% | 16.61% | 2.16% | -0.14% |
| 6 | LTM LTM Limited NSETECH | 4,061.60 | 24.04 | ₹1.20 L Cr | 1.85% | 25.39% | 21.29% | 8.43% | 4.41% |
| 7 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,523.90 | 61.35 | ₹1.03 L Cr | - | 27.64% | 24.72% | 0.98% | - |
| 8 | WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH | 3,140.80 | 27.70 | ₹90,345.53 Cr | 0.13% | 24.21% | 31.57% | 71.63% | 191.18% |
| 9 | OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH | 9,964.00 | 33.00 | ₹86,750.89 Cr | 6.67% | 43.24% | 32.61% | 10.42% | 13.48% |
Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 29,890.00 Cr | 30,246.00 Cr | 30,349.00 Cr | - | 33,872.00 Cr | 33,981.00 Cr |
| Cost of Revenue | - | 17,735.00 Cr | 18,106.00 Cr | 18,921.00 Cr | 24,414.00 Cr | 20,086.00 Cr |
| Gross Profit | - | 12,511.00 Cr | 12,243.00 Cr | 13,021.00 Cr | 9,458.00 Cr | 13,895.00 Cr |
| Operating Expenses | 2,975.00 Cr | 3,070.00 Cr | 3,163.00 Cr | - | 3,173.00 Cr | 3,241.00 Cr |
| Operating Income | - | 9,441.00 Cr | 9,080.00 Cr | 9,977.00 Cr | 6,285.00 Cr | 10,654.00 Cr |
| EBITDA | 7,337.00 Cr | 6,931.00 Cr | 6,491.00 Cr | - | 6,841.00 Cr | 7,034.00 Cr |
| Interest Expense | 166.00 Cr | 156.00 Cr | 209.00 Cr | - | 205.00 Cr | 240.00 Cr |
| Pretax Income | 6,132.00 Cr | 5,735.00 Cr | 5,189.00 Cr | - | 5,509.00 Cr | 5,702.00 Cr |
| Tax Provision | 1,538.00 Cr | 1,426.00 Cr | 1,345.00 Cr | - | 1,427.00 Cr | 1,212.00 Cr |
| Net Income | 4,591.00 Cr | 4,307.00 Cr | 3,843.00 Cr | - | 4,076.00 Cr | 4,488.00 Cr |
| Diluted EPS | 16.93 | 15.88 | 14.17 | - | 15.05 | 16.56 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 1.01 L Cr | 1.10 L Cr | 1.17 L Cr | 1.30 L Cr |
| Cost of Revenue | - | 58,322.00 Cr | 64,965.00 Cr | 68,783.00 Cr | 76,752.00 Cr |
| Gross Profit | - | 43,134.00 Cr | 44,948.00 Cr | 48,272.00 Cr | 53,392.00 Cr |
| Operating Expenses | - | 9,701.00 Cr | 10,343.00 Cr | 11,690.00 Cr | 12,573.00 Cr |
| Operating Income | - | 33,433.00 Cr | 34,605.00 Cr | 36,582.00 Cr | 40,819.00 Cr |
| EBITDA | - | 23,986.00 Cr | 25,693.00 Cr | 27,989.00 Cr | 27,326.00 Cr |
| Interest Expense | - | 353.00 Cr | 553.00 Cr | 644.00 Cr | 869.00 Cr |
| Pretax Income | - | 19,488.00 Cr | 20,967.00 Cr | 23,261.00 Cr | 22,102.00 Cr |
| Tax Provision | - | 4,643.00 Cr | 5,257.00 Cr | 5,862.00 Cr | 5,450.00 Cr |
| Net Income | - | 14,851.00 Cr | 15,702.00 Cr | 17,390.00 Cr | 16,642.00 Cr |
| Diluted EPS | 49.77 | 54.79 | 57.86 | 64.09 | - |
Compounded Sales Growth
| 5 Years: | 8.65% |
| 1 Year: | 5.30% |
Compounded Profit Growth
| 5 Years: | 3.87% |
| 1 Year: | -0.20% |
Stock Price Performance
| 1 Year: | -25.84% |
| 6 Months: | -24.10% |
| 3 Months: | -9.91% |
| 1 Month: | -1.28% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 93,411.00 Cr | 99,777.00 Cr | 1.06 L Cr | 1.16 L Cr |
| Current Assets | - | 53,577.00 Cr | 59,331.00 Cr | 62,109.00 Cr | 70,542.00 Cr |
| Cash & Equivalents | - | 9,057.00 Cr | 9,441.00 Cr | 8,226.00 Cr | 8,265.00 Cr |
| Inventory | - | 228.00 Cr | 185.00 Cr | 133.00 Cr | 239.00 Cr |
| Receivables | - | 19,572.00 Cr | 19,483.00 Cr | 19,523.00 Cr | 23,585.00 Cr |
| Total Liabilities | - | 28,013.00 Cr | 31,506.00 Cr | 35,871.00 Cr | 41,061.00 Cr |
| Current Liabilities | - | 21,431.00 Cr | 22,726.00 Cr | 28,039.00 Cr | 31,826.00 Cr |
| Long Term Debt | - | 2,111.00 Cr | 2,223.00 Cr | 70.00 Cr | 37.00 Cr |
| Total Debt | - | 4,786.00 Cr | 5,756.00 Cr | 6,279.00 Cr | 5,215.00 Cr |
| Total Equity | - | 65,405.00 Cr | 68,263.00 Cr | 69,655.00 Cr | 75,165.00 Cr |
| Shares Outstanding | - | 271.37 Cr | 271.37 Cr | 271.37 Cr | 271.37 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 18,009.00 Cr | 22,448.00 Cr | 22,261.00 Cr | 19,975.00 Cr |
| Investing Cash Flow | - | -3,931.00 Cr | -6,723.00 Cr | -4,914.00 Cr | -1,473.00 Cr |
| Financing Cash Flow | - | -15,881.00 Cr | -15,464.00 Cr | -18,561.00 Cr | -19,369.00 Cr |
| Capital Expenditure | - | -1,661.00 Cr | -1,048.00 Cr | -1,108.00 Cr | -1,422.00 Cr |
| Free Cash Flow | - | 16,348.00 Cr | 21,400.00 Cr | 21,153.00 Cr | 18,553.00 Cr |
| Net Change in Cash | - | -1,803.00 Cr | 261.00 Cr | -1,214.00 Cr | -867.00 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 42.5% | 40.9% | 41.2% | 41.0% |
| Operating Margin % | - | 33.0% | 31.5% | 31.3% | 31.4% |
| Net Margin % | - | 14.6% | 14.3% | 14.9% | 12.8% |
| ROE % | - | 22.7% | 23.0% | 25.0% | 22.1% |
| ROCE % | - | 46.4% | 44.9% | 47.2% | 48.3% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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