HCL Technologies Ltd

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

HCL Technologies Ltd

₹ 1,578 -0.54%
25 Apr - close price
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

Fastest Growing IT Company
The company has emerged as the fastest-growing IT services brand with a ~16% YoY growth in brand value among the top 10 IT companies globally, as per the 2024 Brand Finance Global 500 and IT Services Top 25 Report. It is India’s 3rd largest IT services company in annual revenue terms. [1] [2]

Website BSE NSE
  • Market Cap ₹ 4,28,271 Cr.
  • Current Price ₹ 1,578
  • High / Low ₹ 2,012 / 1,235
  • Stock P/E 34.9
  • Book Value ₹ 129
  • Dividend Yield 3.42 %
  • ROCE 43.6 %
  • ROE 33.0 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.42%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.4%
  • Company has been maintaining a healthy dividend payout of 122%
  • Debtor days have improved from 73.3 to 25.9 days.

Cons

  • Stock is trading at 12.3 times its book value
  • The company has delivered a poor sales growth of 9.36% 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

Sector: IT - Software Industry: Computers - Software - Large

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

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
10,634 10,817 11,424 12,398 11,637 11,451 12,059 12,531 12,077 11,784 12,615 13,274 13,432
6,808 7,050 7,471 7,842 7,670 7,769 7,745 7,694 8,034 8,086 7,994 8,287 9,022
Operating Profit 3,826 3,767 3,953 4,556 3,967 3,682 4,314 4,837 4,043 3,698 4,621 4,987 4,410
OPM % 36% 35% 35% 37% 34% 32% 36% 39% 33% 31% 37% 38% 33%
255 334 184 288 225 262 252 261 301 321 284 344 285
Interest 26 27 33 33 34 29 33 29 34 47 30 38 41
Depreciation 583 586 560 686 599 506 583 678 604 571 559 613 577
Profit before tax 3,472 3,488 3,544 4,125 3,559 3,409 3,950 4,391 3,706 3,401 4,316 4,680 4,077
Tax % 14% 23% 23% 23% 20% 24% 25% 24% 25% 27% 25% 25% 25%
3,003 2,678 2,741 3,196 2,844 2,596 2,966 3,349 2,763 2,479 3,216 3,526 3,045
EPS in Rs 11.07 9.87 10.10 11.78 10.48 9.57 10.93 12.34 10.18 9.14 11.85 12.99 11.22
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2014 Jun 2015 Mar 2016 9m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
16,497 17,153 13,435 19,318 22,073 26,012 32,666 35,673 40,638 46,276 48,118 51,105
9,186 10,294 8,299 11,465 12,734 15,594 19,902 21,238 25,526 30,033 31,242 33,389
Operating Profit 7,311 6,860 5,136 7,853 9,339 10,418 12,764 14,435 15,112 16,243 16,876 17,716
OPM % 44% 40% 38% 41% 42% 40% 39% 40% 37% 35% 35% 35%
659 1,200 968 956 702 805 613 965 880 1,031 1,076 1,234
Interest 82 61 46 55 23 16 240 177 109 127 125 156
Depreciation 491 300 277 478 893 1,276 1,959 2,813 2,615 2,431 2,371 2,320
Profit before tax 7,398 7,699 5,782 8,276 9,125 9,931 11,178 12,410 13,268 14,716 15,456 16,474
Tax % 19% 18% 18% 17% 19% 18% 20% 30% 18% 22% 24% 26%
5,985 6,346 4,719 6,873 7,362 8,185 8,969 8,743 10,874 11,459 11,674 12,266
EPS in Rs 21.37 22.57 16.73 24.09 26.44 30.17 33.05 32.22 40.07 42.23 43.02 45.20
Dividend Payout % 12% 66% 48% 50% 23% 13% 30% 31% 105% 114% 121% 133%
Compounded Sales Growth
10 Years: 12%
5 Years: 9%
3 Years: 8%
TTM: 6%
Compounded Profit Growth
10 Years: 8%
5 Years: 7%
3 Years: 4%
TTM: 6%
Stock Price CAGR
10 Years: 14%
5 Years: 27%
3 Years: 13%
1 Year: 7%
Return on Equity
10 Years: 27%
5 Years: 27%
3 Years: 29%
Last Year: 33%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 140 281 282 285 278 271 543 543 543 543 543 543
Reserves 15,613 19,125 21,214 25,688 27,285 30,168 37,003 43,010 42,048 40,561 38,927 34,397
569 41 42 45 48 50 1,018 943 880 799 914 1,041
5,493 5,469 5,050 6,353 5,207 6,967 15,274 10,865 9,952 11,457 11,923 16,522
Total Liabilities 21,814 24,915 26,588 32,371 32,818 37,456 53,838 55,361 53,423 53,360 52,307 52,503
2,449 3,064 2,816 7,989 10,428 11,235 22,643 20,905 19,524 17,935 16,333 16,218
CWIP 518 544 582 411 298 212 311 245 79 21 22 29
Investments 4,116 4,125 3,974 4,724 6,198 5,810 11,039 11,646 11,096 10,159 11,841 12,317
14,731 17,182 19,215 19,247 15,894 20,199 19,845 22,565 22,724 25,245 24,111 23,939
Total Assets 21,814 24,915 26,588 32,371 32,818 37,456 53,838 55,361 53,423 53,360 52,307 52,503

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
6,147 5,336 3,154 6,995 6,339 8,676 9,911 15,765 10,591 13,538 15,282 15,991
-4,665 -1,783 -763 -2,656 -934 972 -11,148 -4,534 2,215 -804 -2,339 993
-1,398 -3,360 -2,699 -4,112 -5,547 -5,335 -1,997 -9,649 -12,775 -13,267 -14,480 -17,253
Net Cash Flow 85 192 -308 227 -142 4,313 -3,234 1,582 31 -533 -1,537 -269

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 71 76 111 83 90 88 84 99 100 102 92 26
Inventory Days
Days Payable
Cash Conversion Cycle 71 76 111 83 90 88 84 99 100 102 92 26
Working Capital Days 5 37 108 63 104 57 20 63 64 54 37 77
ROCE % 54% 43% 30% 35% 34% 34% 33% 30% 30% 34% 38% 44%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
60.72% 60.72% 60.72% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82%
17.91% 17.17% 18.29% 18.92% 18.98% 18.80% 19.42% 19.65% 18.45% 18.67% 19.38% 19.15%
15.54% 16.52% 15.85% 15.28% 15.33% 15.62% 15.12% 14.95% 15.77% 15.78% 15.21% 15.44%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.04% 0.04%
5.59% 5.34% 4.89% 4.74% 4.63% 4.54% 4.40% 4.35% 4.65% 4.53% 4.42% 4.37%
0.23% 0.23% 0.23% 0.23% 0.23% 0.21% 0.21% 0.21% 0.28% 0.18% 0.13% 0.18%
No. of Shareholders 9,95,79610,89,3179,91,5489,40,0799,09,3598,79,1208,52,9028,55,9609,50,1478,75,1648,68,7358,80,722

* 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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