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HCL Technologies Limited HCLTECH NIFTY50NSEAITECH

Technology · Information Technology Services · India
https://www.hcltech.com

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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₹1,183.80
-25.84% 1Y

Market & Price

Market Cap
₹3.20 L Cr
Current Price
₹1,183.80
High / Low (52W)
₹1,697.11 / ₹1,124.00
Beta
0.07

Valuation

Stock P/E
19.31
Industry PE
25.13
Forward P/E
14.78
PEG Ratio
2.39
Book Value
₹283.64
Price to Book
4.17
P/S
218.42
EV/EBITDA
1,104.36
Dividend Yield
8.11%

Profitability & Returns

ROCE
27.21%
ROE
23.36%
ROA
12.83%
Profit Margin
12.80%
Op Margin
16.49%
EPS (Latest Qtr)
₹16.56
EPS (TTM)
₹61.32

Balance Sheet & Liquidity

Debt/Equity
0.07
Quick Ratio
2.03
Current Ratio
2.22
Debt
₹55.00 Cr
Total Assets
₹1.16 L Cr
Current Assets
₹70,542.00 Cr
Working Capital
₹38,716.00 Cr

Ownership

Promoter Holding
62.69%
Chg in Prom Hold
-
FII / Inst Holding
28.28%
Chg in FII Hold
-0.02%

Financial Snapshot

Enterprise Value
₹3.20 L Cr
Total Revenue (TTM)
₹1,466.40 Cr
EBITDA
₹289.80 Cr
Free Cash Flow
₹185.05 Cr
Operating Cash Flow
₹225.20 Cr
Shares Outstanding
₹270.57 Cr
Gross Margin
34.08%
Payout Ratio
88.01%

Growth (CAGR)

Revenue 5Y
8.65%
Profit 5Y
3.87%
Revenue (YoY)
5.30%
Earnings (YoY)
-0.20%

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

NSE TradingView Screener.in

Fundamental Growth

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).

#NameCMP ₹P/E Mkt CapDiv 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%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 29,890.00 Cr30,246.00 Cr30,349.00 Cr-33,872.00 Cr33,981.00 Cr
Cost of Revenue -17,735.00 Cr18,106.00 Cr18,921.00 Cr24,414.00 Cr20,086.00 Cr
Gross Profit -12,511.00 Cr12,243.00 Cr13,021.00 Cr9,458.00 Cr13,895.00 Cr
Operating Expenses 2,975.00 Cr3,070.00 Cr3,163.00 Cr-3,173.00 Cr3,241.00 Cr
Operating Income -9,441.00 Cr9,080.00 Cr9,977.00 Cr6,285.00 Cr10,654.00 Cr
EBITDA 7,337.00 Cr6,931.00 Cr6,491.00 Cr-6,841.00 Cr7,034.00 Cr
Interest Expense 166.00 Cr156.00 Cr209.00 Cr-205.00 Cr240.00 Cr
Pretax Income 6,132.00 Cr5,735.00 Cr5,189.00 Cr-5,509.00 Cr5,702.00 Cr
Tax Provision 1,538.00 Cr1,426.00 Cr1,345.00 Cr-1,427.00 Cr1,212.00 Cr
Net Income 4,591.00 Cr4,307.00 Cr3,843.00 Cr-4,076.00 Cr4,488.00 Cr
Diluted EPS 16.9315.8814.17-15.0516.56

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -1.01 L Cr1.10 L Cr1.17 L Cr1.30 L Cr
Cost of Revenue -58,322.00 Cr64,965.00 Cr68,783.00 Cr76,752.00 Cr
Gross Profit -43,134.00 Cr44,948.00 Cr48,272.00 Cr53,392.00 Cr
Operating Expenses -9,701.00 Cr10,343.00 Cr11,690.00 Cr12,573.00 Cr
Operating Income -33,433.00 Cr34,605.00 Cr36,582.00 Cr40,819.00 Cr
EBITDA -23,986.00 Cr25,693.00 Cr27,989.00 Cr27,326.00 Cr
Interest Expense -353.00 Cr553.00 Cr644.00 Cr869.00 Cr
Pretax Income -19,488.00 Cr20,967.00 Cr23,261.00 Cr22,102.00 Cr
Tax Provision -4,643.00 Cr5,257.00 Cr5,862.00 Cr5,450.00 Cr
Net Income -14,851.00 Cr15,702.00 Cr17,390.00 Cr16,642.00 Cr
Diluted EPS 49.7754.7957.8664.09-

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 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -93,411.00 Cr99,777.00 Cr1.06 L Cr1.16 L Cr
Current Assets -53,577.00 Cr59,331.00 Cr62,109.00 Cr70,542.00 Cr
Cash & Equivalents -9,057.00 Cr9,441.00 Cr8,226.00 Cr8,265.00 Cr
Inventory -228.00 Cr185.00 Cr133.00 Cr239.00 Cr
Receivables -19,572.00 Cr19,483.00 Cr19,523.00 Cr23,585.00 Cr
Total Liabilities -28,013.00 Cr31,506.00 Cr35,871.00 Cr41,061.00 Cr
Current Liabilities -21,431.00 Cr22,726.00 Cr28,039.00 Cr31,826.00 Cr
Long Term Debt -2,111.00 Cr2,223.00 Cr70.00 Cr37.00 Cr
Total Debt -4,786.00 Cr5,756.00 Cr6,279.00 Cr5,215.00 Cr
Total Equity -65,405.00 Cr68,263.00 Cr69,655.00 Cr75,165.00 Cr
Shares Outstanding -271.37 Cr271.37 Cr271.37 Cr271.37 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -18,009.00 Cr22,448.00 Cr22,261.00 Cr19,975.00 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 Cr21,400.00 Cr21,153.00 Cr18,553.00 Cr
Net Change in Cash --1,803.00 Cr261.00 Cr-1,214.00 Cr-867.00 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Insiders
62.69%
Institutions
28.28%
Public Float
75.78%

Analyst View

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