Share Price and Basic Stock Data
Last Updated: November 3, 2025, 8:51 pm
| PEG Ratio | 5.26 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
HCL Technologies Ltd operates in the IT Consulting and Software sector, with a current share price of ₹1,522 and a market capitalization of ₹4,13,047 Cr. The company has demonstrated impressive revenue growth over the years, with total sales reported at ₹101,456 Cr for the fiscal year ending March 2023, reflecting a significant increase from ₹85,651 Cr in the previous fiscal year. For the trailing twelve months (TTM), sales rose to ₹122,427 Cr. Quarterly sales figures show a consistent upward trajectory, with revenue recorded at ₹26,700 Cr in December 2022 and ₹28,446 Cr in December 2023. This growth is indicative of HCL’s strong market position and ability to adapt to changing client demands, particularly in digital and cloud services, which have become pivotal for businesses globally.
Profitability and Efficiency Metrics
HCL Technologies reported a net profit of ₹16,983 Cr for the fiscal year ending March 2025, rising from ₹14,845 Cr in the previous fiscal year. The company achieved a return on equity (ROE) of 25.0% and a return on capital employed (ROCE) of 31.6%, both of which are robust figures compared to industry standards. The operating profit margin (OPM) stood at 20%, indicating effective cost management and operational efficiency, particularly as the company navigated post-pandemic challenges. The interest coverage ratio (ICR) was exceptionally high at 43.46x, underscoring HCL’s ability to meet its financial obligations comfortably. However, quarterly fluctuations in net profit and operating profit margins suggest that while the company is profitable, maintaining consistent performance amid market volatility remains a challenge.
Balance Sheet Strength and Financial Ratios
The balance sheet of HCL Technologies reflects a solid financial foundation, with total reserves recorded at ₹69,112 Cr and borrowings at ₹6,276 Cr as of March 2025. This results in a low total debt-to-equity ratio of 0.03, indicating minimal reliance on debt for financing operations. The current ratio stood at 2.21, signaling strong liquidity and the ability to cover short-term liabilities. HCL’s price-to-book value (P/BV) ratio was reported at 6.20x, suggesting that the market values the company at a premium compared to its book value, which is typical for high-growth tech firms. Additionally, the company’s cash earnings per share (EPS) reached ₹79.13, demonstrating its capacity to generate cash flow from operations, an essential metric for sustaining growth and potential dividends.
Shareholding Pattern and Investor Confidence
HCL Technologies has a stable shareholding structure, with promoters holding 60.82% of the company, reflecting strong management control. Foreign institutional investors (FIIs) accounted for 18.56%, while domestic institutional investors (DIIs) held 16.17% as of March 2025. This distribution indicates a healthy balance of institutional interest, which is crucial for maintaining investor confidence. The total number of shareholders stood at 8,85,835, indicating a broad base of retail and institutional investors. However, the proportion of public shareholding decreased to 4.24%, which could imply a consolidation of ownership among major stakeholders, potentially affecting liquidity in the stock. The consistent dividend payout ratio, which reached 93.46% in March 2025, also reflects the company’s commitment to returning value to shareholders, further bolstering investor confidence.
Outlook, Risks, and Final Insight
Looking ahead, HCL Technologies is well-positioned to capitalize on the growing demand for digital transformation services, which is likely to drive revenue growth. However, risks such as global economic uncertainties, fluctuating currency rates, and increasing competition in the IT services sector could pose challenges. The company’s ability to innovate and adapt to market changes will be critical in sustaining its growth trajectory. Furthermore, maintaining operational efficiency while expanding service offerings will be essential to uphold profitability metrics. Should HCL successfully navigate these challenges, it could enhance its market share and profitability. Conversely, failure to address competitive pressures or adapt to technological advancements may hinder its long-term growth potential.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of HCL Technologies Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Visesh Infotecnics Ltd | 125 Cr. | 0.33 | 0.38/0.33 | 1.12 | 0.00 % | 2.21 % | 2.23 % | 1.00 | |
| Mudunuru Ltd | 33.6 Cr. | 10.6 | 10.6/4.43 | 0.25 | 0.00 % | 27.0 % | 90.7 % | 2.00 | |
| Naapbooks Ltd | 157 Cr. | 146 | 194/99.8 | 35.1 | 33.2 | 0.00 % | 23.6 % | 17.1 % | 10.0 |
| IB Infotech Enterprises Ltd | 32.9 Cr. | 257 | 310/140 | 23.5 | 26.7 | 0.39 % | 38.5 % | 35.4 % | 10.0 |
| Hit Kit Global Solutions Ltd | 6.55 Cr. | 1.34 | 1.73/0.91 | 59.6 | 2.52 | 0.00 % | 2.14 % | 2.15 % | 2.00 |
| Industry Average | 19,272.22 Cr | 570.43 | 144.55 | 119.27 | 0.53% | 14.92% | 20.95% | 6.84 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 23,464 | 24,686 | 26,700 | 26,606 | 26,296 | 26,672 | 28,446 | 28,499 | 28,057 | 28,862 | 29,890 | 30,246 | 30,349 |
| Expenses | 18,489 | 19,261 | 20,335 | 20,743 | 20,931 | 20,743 | 21,659 | 22,382 | 22,264 | 22,493 | 23,030 | 23,764 | 24,314 |
| Operating Profit | 4,975 | 5,425 | 6,365 | 5,863 | 5,365 | 5,929 | 6,787 | 6,117 | 5,793 | 6,369 | 6,860 | 6,482 | 6,035 |
| OPM % | 21% | 22% | 24% | 22% | 20% | 22% | 24% | 21% | 21% | 22% | 23% | 21% | 20% |
| Other Income | 409 | 236 | 260 | 453 | 344 | 365 | 370 | 416 | 1,103 | 456 | 477 | 449 | 456 |
| Interest | 64 | 79 | 116 | 94 | 86 | 156 | 140 | 171 | 191 | 131 | 166 | 156 | 209 |
| Depreciation | 983 | 998 | 1,137 | 1,027 | 927 | 1,010 | 1,143 | 1,093 | 998 | 1,007 | 1,039 | 1,040 | 1,093 |
| Profit before tax | 4,337 | 4,584 | 5,372 | 5,195 | 4,696 | 5,128 | 5,874 | 5,269 | 5,707 | 5,687 | 6,132 | 5,735 | 5,189 |
| Tax % | 24% | 24% | 24% | 23% | 25% | 25% | 26% | 24% | 25% | 26% | 25% | 25% | 26% |
| Net Profit | 3,281 | 3,487 | 4,096 | 3,981 | 3,531 | 3,833 | 4,351 | 3,995 | 4,259 | 4,237 | 4,594 | 4,309 | 3,844 |
| EPS in Rs | 12.10 | 12.86 | 15.09 | 14.68 | 13.02 | 14.12 | 16.03 | 14.69 | 15.69 | 15.61 | 16.92 | 15.87 | 14.16 |
Last Updated: August 1, 2025, 8:20 pm
Below is a detailed analysis of the quarterly data for HCL Technologies Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 30,349.00 Cr.. The value appears strong and on an upward trend. It has increased from 30,246.00 Cr. (Mar 2025) to 30,349.00 Cr., marking an increase of 103.00 Cr..
- For Expenses, as of Jun 2025, the value is 24,314.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 23,764.00 Cr. (Mar 2025) to 24,314.00 Cr., marking an increase of 550.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 6,035.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6,482.00 Cr. (Mar 2025) to 6,035.00 Cr., marking a decrease of 447.00 Cr..
- For OPM %, as of Jun 2025, the value is 20.00%. The value appears to be declining and may need further review. It has decreased from 21.00% (Mar 2025) to 20.00%, marking a decrease of 1.00%.
- For Other Income, as of Jun 2025, the value is 456.00 Cr.. The value appears strong and on an upward trend. It has increased from 449.00 Cr. (Mar 2025) to 456.00 Cr., marking an increase of 7.00 Cr..
- For Interest, as of Jun 2025, the value is 209.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 156.00 Cr. (Mar 2025) to 209.00 Cr., marking an increase of 53.00 Cr..
- For Depreciation, as of Jun 2025, the value is 1,093.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,040.00 Cr. (Mar 2025) to 1,093.00 Cr., marking an increase of 53.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 5,189.00 Cr.. The value appears to be declining and may need further review. It has decreased from 5,735.00 Cr. (Mar 2025) to 5,189.00 Cr., marking a decrease of 546.00 Cr..
- For Tax %, as of Jun 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Mar 2025) to 26.00%, marking an increase of 1.00%.
- For Net Profit, as of Jun 2025, the value is 3,844.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4,309.00 Cr. (Mar 2025) to 3,844.00 Cr., marking a decrease of 465.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 14.16. The value appears to be declining and may need further review. It has decreased from 15.87 (Mar 2025) to 14.16, marking a decrease of 1.71.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 5:13 am
| Metric | Jun 2014 | Jun 2015 | Mar 2016n n 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32,144 | 36,701 | 31,136 | 47,568 | 50,569 | 60,427 | 70,676 | 75,379 | 85,651 | 101,456 | 109,913 | 117,055 | 122,427 |
| Expenses | 24,108 | 28,215 | 24,482 | 37,178 | 39,323 | 46,501 | 53,360 | 55,331 | 65,122 | 78,828 | 85,715 | 91,551 | 96,505 |
| Operating Profit | 8,035 | 8,486 | 6,654 | 10,390 | 11,246 | 13,926 | 17,316 | 20,048 | 20,529 | 22,628 | 24,198 | 25,504 | 25,922 |
| OPM % | 25% | 23% | 21% | 22% | 22% | 23% | 24% | 27% | 24% | 22% | 22% | 22% | 21% |
| Other Income | 677 | 1,126 | 871 | 1,069 | 1,230 | 943 | 589 | 927 | 1,067 | 1,358 | 1,495 | 2,485 | 1,797 |
| Interest | 114 | 91 | 74 | 89 | 69 | 174 | 505 | 511 | 319 | 353 | 553 | 644 | 746 |
| Depreciation | 681 | 404 | 410 | 828 | 1,383 | 2,073 | 3,420 | 4,611 | 4,326 | 4,145 | 4,173 | 4,084 | 4,215 |
| Profit before tax | 7,917 | 9,117 | 7,041 | 10,542 | 11,024 | 12,622 | 13,980 | 15,853 | 16,951 | 19,488 | 20,967 | 23,261 | 22,758 |
| Tax % | 18% | 20% | 20% | 18% | 21% | 20% | 21% | 30% | 20% | 24% | 25% | 25% | |
| Net Profit | 6,528 | 7,342 | 5,602 | 8,606 | 8,722 | 10,120 | 11,057 | 11,169 | 13,523 | 14,845 | 15,710 | 17,399 | 16,983 |
| EPS in Rs | 23.25 | 26.02 | 19.86 | 30.16 | 31.32 | 37.31 | 40.75 | 41.07 | 49.74 | 54.73 | 57.86 | 64.08 | 62.56 |
| Dividend Payout % | 11% | 58% | 40% | 40% | 19% | 11% | 25% | 24% | 84% | 88% | 90% | 94% |
YoY Net Profit Growth
| Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 1.35% | 16.03% | 9.26% | 1.01% | 21.08% | 9.78% | 5.83% | 10.75% |
| Change in YoY Net Profit Growth (%) | 0.00% | 14.68% | -6.77% | -8.25% | 20.06% | -11.30% | -3.95% | 4.92% |
HCL Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 11% |
| 3 Years: | 11% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 9% |
| 3 Years: | 9% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 16% |
| 3 Years: | 15% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 23% |
| 3 Years: | 24% |
| Last Year: | 25% |
Last Updated: September 5, 2025, 5:50 am
Balance Sheet
Last Updated: October 10, 2025, 2:09 pm
| Month | 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 | 19,410 | 23,943 | 27,109 | 32,664 | 36,108 | 41,095 | 50,724 | 59,370 | 61,371 | 64,862 | 67,720 | 69,112 |
| Borrowings | 1,018 | 648 | 1,090 | 582 | 557 | 4,195 | 7,986 | 6,501 | 6,343 | 4,794 | 5,756 | 6,276 |
| Other Liabilities | 9,412 | 10,372 | 10,859 | 12,231 | 11,046 | 12,788 | 23,566 | 19,633 | 20,664 | 23,051 | 24,987 | 28,549 |
| Total Liabilities | 29,980 | 35,245 | 39,341 | 45,762 | 47,989 | 58,349 | 82,819 | 86,047 | 88,921 | 93,250 | 99,006 | 104,480 |
| Fixed Assets | 7,444 | 8,275 | 9,716 | 15,235 | 18,753 | 22,888 | 37,490 | 37,145 | 35,077 | 34,619 | 35,063 | 36,172 |
| CWIP | 531 | 552 | 611 | 448 | 320 | 235 | 400 | 312 | 129 | 40 | 108 | 59 |
| Investments | 662 | 869 | 698 | 1,306 | 2,660 | 2,305 | 7,066 | 6,862 | 6,351 | 5,495 | 7,137 | 7,564 |
| Other Assets | 21,343 | 25,548 | 28,315 | 28,773 | 26,256 | 32,921 | 37,863 | 41,728 | 47,364 | 53,096 | 56,698 | 60,685 |
| Total Assets | 29,980 | 35,245 | 39,341 | 45,762 | 47,989 | 58,349 | 82,819 | 86,047 | 88,921 | 93,250 | 99,006 | 104,480 |
Below is a detailed analysis of the balance sheet data for HCL Technologies Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 543.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 543.00 Cr..
- For Reserves, as of Mar 2025, the value is 69,112.00 Cr.. The value appears strong and on an upward trend. It has increased from 67,720.00 Cr. (Mar 2024) to 69,112.00 Cr., marking an increase of 1,392.00 Cr..
- For Borrowings, as of Mar 2025, the value is 6,276.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 5,756.00 Cr. (Mar 2024) to 6,276.00 Cr., marking an increase of 520.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 28,549.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 24,987.00 Cr. (Mar 2024) to 28,549.00 Cr., marking an increase of 3,562.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 104,480.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 99,006.00 Cr. (Mar 2024) to 104,480.00 Cr., marking an increase of 5,474.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 36,172.00 Cr.. The value appears strong and on an upward trend. It has increased from 35,063.00 Cr. (Mar 2024) to 36,172.00 Cr., marking an increase of 1,109.00 Cr..
- For CWIP, as of Mar 2025, the value is 59.00 Cr.. The value appears to be declining and may need further review. It has decreased from 108.00 Cr. (Mar 2024) to 59.00 Cr., marking a decrease of 49.00 Cr..
- For Investments, as of Mar 2025, the value is 7,564.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,137.00 Cr. (Mar 2024) to 7,564.00 Cr., marking an increase of 427.00 Cr..
- For Other Assets, as of Mar 2025, the value is 60,685.00 Cr.. The value appears strong and on an upward trend. It has increased from 56,698.00 Cr. (Mar 2024) to 60,685.00 Cr., marking an increase of 3,987.00 Cr..
- For Total Assets, as of Mar 2025, the value is 104,480.00 Cr.. The value appears strong and on an upward trend. It has increased from 99,006.00 Cr. (Mar 2024) to 104,480.00 Cr., marking an increase of 5,474.00 Cr..
Notably, the Reserves (69,112.00 Cr.) exceed the Borrowings (6,276.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Jun 2014 | Jun 2015 | Mar 2016n n 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 7.00 | -640.00 | 6.00 | -572.00 | -546.00 | 9.00 | 10.00 | 14.00 | 14.00 | 18.00 | 19.00 | 19.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | 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 | 65 | 65 | 91 | 64 | 70 | 71 | 73 | 85 | 88 | 92 | 85 | 81 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 65 | 65 | 91 | 64 | 70 | 71 | 73 | 85 | 88 | 92 | 85 | 81 |
| Working Capital Days | 8 | 25 | 62 | 38 | 58 | 44 | 14 | 48 | 44 | 43 | 31 | 17 |
| ROCE % | 45% | 40% | 28% | 34% | 31% | 31% | 27% | 26% | 25% | 28% | 30% | 32% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| SBI Nifty 50 ETF | 19,162,015 | 1.76 | 3019.93 | 19,162,015 | 2025-04-22 17:25:33 | 0% |
| Parag Parikh Flexi Cap Fund | 18,706,973 | 5.36 | 2948.22 | 18,706,973 | 2025-04-22 17:25:33 | 0% |
| HDFC Flexi Cap Fund - Regular Plan | 15,200,000 | 5.03 | 2395.52 | 15,200,000 | 2025-04-22 17:25:33 | 0% |
| SBI S&P BSE Sensex ETF | 13,554,015 | 2.04 | 2135.84 | 13,554,015 | 2025-04-22 17:25:33 | 0% |
| ICICI Prudential Technology Fund | 5,965,658 | 7.68 | 940.19 | 5,965,658 | 2025-04-22 17:25:33 | 0% |
| Aditya Birla Sun Life Flexi Cap Fund | 5,791,256 | 4.66 | 912.7 | 5,791,256 | 2025-04-22 17:25:33 | 0% |
| ICICI Prudential Bluechip Fund | 5,431,028 | 1.72 | 855.93 | 5,431,028 | 2025-04-22 17:25:33 | 0% |
| Mirae Asset Large Cap Fund | 5,311,890 | 2.21 | 837.15 | 5,311,890 | 2025-04-22 17:25:33 | 0% |
| UTI Nifty 50 ETF | 5,306,360 | 1.76 | 836.28 | 5,306,360 | 2025-04-22 17:25:33 | 0% |
| Tata Digital India Fund | 4,983,886 | 8.1 | 785.46 | 4,983,886 | 2025-04-22 17:25:33 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Basic EPS (Rs.) | 64.16 | 57.99 | 54.85 | 49.77 | 41.07 |
| Diluted EPS (Rs.) | 64.09 | 57.86 | 54.79 | 49.77 | 41.07 |
| Cash EPS (Rs.) | 79.13 | 73.23 | 69.94 | 65.75 | 58.12 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 256.56 | 251.46 | 240.88 | 228.38 | 221.30 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 256.56 | 251.46 | 240.88 | 228.38 | 221.30 |
| Revenue From Operations / Share (Rs.) | 431.14 | 404.84 | 373.69 | 315.47 | 277.64 |
| PBDIT / Share (Rs.) | 103.09 | 94.63 | 88.35 | 79.55 | 77.26 |
| PBIT / Share (Rs.) | 88.05 | 79.26 | 73.08 | 63.61 | 60.27 |
| PBT / Share (Rs.) | 85.68 | 77.23 | 71.78 | 62.44 | 58.39 |
| Net Profit / Share (Rs.) | 64.08 | 57.86 | 54.68 | 49.81 | 41.14 |
| NP After MI And SOA / Share (Rs.) | 64.05 | 57.83 | 54.70 | 49.72 | 41.05 |
| PBDIT Margin (%) | 23.91 | 23.37 | 23.64 | 25.21 | 27.82 |
| PBIT Margin (%) | 20.42 | 19.57 | 19.55 | 20.16 | 21.70 |
| PBT Margin (%) | 19.87 | 19.07 | 19.20 | 19.79 | 21.03 |
| Net Profit Margin (%) | 14.86 | 14.29 | 14.63 | 15.78 | 14.81 |
| NP After MI And SOA Margin (%) | 14.85 | 14.28 | 14.63 | 15.76 | 14.78 |
| Return on Networth / Equity (%) | 24.96 | 23.00 | 22.70 | 21.80 | 18.60 |
| Return on Capital Employeed (%) | 30.84 | 27.92 | 27.56 | 24.58 | 23.78 |
| Return On Assets (%) | 16.47 | 15.73 | 15.89 | 15.16 | 12.93 |
| Long Term Debt / Equity (X) | 0.00 | 0.03 | 0.03 | 0.06 | 0.06 |
| Total Debt / Equity (X) | 0.03 | 0.03 | 0.03 | 0.06 | 0.06 |
| Asset Turnover Ratio (%) | 1.14 | 1.14 | 0.64 | 0.58 | 0.51 |
| Current Ratio (X) | 2.21 | 2.61 | 2.50 | 2.56 | 2.48 |
| Quick Ratio (X) | 2.21 | 2.60 | 2.49 | 2.55 | 2.47 |
| Inventory Turnover Ratio (X) | 736.19 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio (NP) (%) | 93.46 | 89.67 | 87.50 | 84.38 | 29.22 |
| Dividend Payout Ratio (CP) (%) | 75.69 | 70.84 | 68.40 | 63.90 | 20.67 |
| Earning Retention Ratio (%) | 6.54 | 10.33 | 12.50 | 15.62 | 70.78 |
| Cash Earning Retention Ratio (%) | 24.31 | 29.16 | 31.60 | 36.10 | 79.33 |
| Interest Coverage Ratio (X) | 43.46 | 46.46 | 67.95 | 67.70 | 41.05 |
| Interest Coverage Ratio (Post Tax) (X) | 28.02 | 29.41 | 43.05 | 43.39 | 22.86 |
| Enterprise Value (Cr.) | 412962.93 | 401190.95 | 282423.30 | 307290.53 | 262115.68 |
| EV / Net Operating Revenue (X) | 3.53 | 3.65 | 2.78 | 3.59 | 3.48 |
| EV / EBITDA (X) | 14.75 | 15.61 | 11.77 | 14.23 | 12.50 |
| MarketCap / Net Operating Revenue (X) | 3.69 | 3.81 | 2.91 | 3.69 | 3.54 |
| Retention Ratios (%) | 6.53 | 10.32 | 12.49 | 15.61 | 70.77 |
| Price / BV (X) | 6.20 | 6.14 | 4.51 | 5.10 | 4.46 |
| Price / Net Operating Revenue (X) | 3.69 | 3.81 | 2.91 | 3.69 | 3.54 |
| EarningsYield | 0.04 | 0.03 | 0.05 | 0.04 | 0.04 |
After reviewing the key financial ratios for HCL Technologies Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 64.16. This value is within the healthy range. It has increased from 57.99 (Mar 24) to 64.16, marking an increase of 6.17.
- For Diluted EPS (Rs.), as of Mar 25, the value is 64.09. This value is within the healthy range. It has increased from 57.86 (Mar 24) to 64.09, marking an increase of 6.23.
- For Cash EPS (Rs.), as of Mar 25, the value is 79.13. This value is within the healthy range. It has increased from 73.23 (Mar 24) to 79.13, marking an increase of 5.90.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 256.56. It has increased from 251.46 (Mar 24) to 256.56, marking an increase of 5.10.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 256.56. It has increased from 251.46 (Mar 24) to 256.56, marking an increase of 5.10.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 431.14. It has increased from 404.84 (Mar 24) to 431.14, marking an increase of 26.30.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 103.09. This value is within the healthy range. It has increased from 94.63 (Mar 24) to 103.09, marking an increase of 8.46.
- For PBIT / Share (Rs.), as of Mar 25, the value is 88.05. This value is within the healthy range. It has increased from 79.26 (Mar 24) to 88.05, marking an increase of 8.79.
- For PBT / Share (Rs.), as of Mar 25, the value is 85.68. This value is within the healthy range. It has increased from 77.23 (Mar 24) to 85.68, marking an increase of 8.45.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 64.08. This value is within the healthy range. It has increased from 57.86 (Mar 24) to 64.08, marking an increase of 6.22.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 64.05. This value is within the healthy range. It has increased from 57.83 (Mar 24) to 64.05, marking an increase of 6.22.
- For PBDIT Margin (%), as of Mar 25, the value is 23.91. This value is within the healthy range. It has increased from 23.37 (Mar 24) to 23.91, marking an increase of 0.54.
- For PBIT Margin (%), as of Mar 25, the value is 20.42. This value exceeds the healthy maximum of 20. It has increased from 19.57 (Mar 24) to 20.42, marking an increase of 0.85.
- For PBT Margin (%), as of Mar 25, the value is 19.87. This value is within the healthy range. It has increased from 19.07 (Mar 24) to 19.87, marking an increase of 0.80.
- For Net Profit Margin (%), as of Mar 25, the value is 14.86. This value exceeds the healthy maximum of 10. It has increased from 14.29 (Mar 24) to 14.86, marking an increase of 0.57.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 14.85. This value is within the healthy range. It has increased from 14.28 (Mar 24) to 14.85, marking an increase of 0.57.
- For Return on Networth / Equity (%), as of Mar 25, the value is 24.96. This value is within the healthy range. It has increased from 23.00 (Mar 24) to 24.96, marking an increase of 1.96.
- For Return on Capital Employeed (%), as of Mar 25, the value is 30.84. This value is within the healthy range. It has increased from 27.92 (Mar 24) to 30.84, marking an increase of 2.92.
- For Return On Assets (%), as of Mar 25, the value is 16.47. This value is within the healthy range. It has increased from 15.73 (Mar 24) to 16.47, marking an increase of 0.74.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.03 (Mar 24) to 0.00, marking a decrease of 0.03.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.03. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.03.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.14. There is no change compared to the previous period (Mar 24) which recorded 1.14.
- For Current Ratio (X), as of Mar 25, the value is 2.21. This value is within the healthy range. It has decreased from 2.61 (Mar 24) to 2.21, marking a decrease of 0.40.
- For Quick Ratio (X), as of Mar 25, the value is 2.21. This value exceeds the healthy maximum of 2. It has decreased from 2.60 (Mar 24) to 2.21, marking a decrease of 0.39.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 736.19. This value exceeds the healthy maximum of 8. It has increased from 0.00 (Mar 24) to 736.19, marking an increase of 736.19.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 93.46. This value exceeds the healthy maximum of 50. It has increased from 89.67 (Mar 24) to 93.46, marking an increase of 3.79.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 75.69. This value exceeds the healthy maximum of 50. It has increased from 70.84 (Mar 24) to 75.69, marking an increase of 4.85.
- For Earning Retention Ratio (%), as of Mar 25, the value is 6.54. This value is below the healthy minimum of 40. It has decreased from 10.33 (Mar 24) to 6.54, marking a decrease of 3.79.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 24.31. This value is below the healthy minimum of 40. It has decreased from 29.16 (Mar 24) to 24.31, marking a decrease of 4.85.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 43.46. This value is within the healthy range. It has decreased from 46.46 (Mar 24) to 43.46, marking a decrease of 3.00.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 28.02. This value is within the healthy range. It has decreased from 29.41 (Mar 24) to 28.02, marking a decrease of 1.39.
- For Enterprise Value (Cr.), as of Mar 25, the value is 412,962.93. It has increased from 401,190.95 (Mar 24) to 412,962.93, marking an increase of 11,771.98.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 3.53. This value exceeds the healthy maximum of 3. It has decreased from 3.65 (Mar 24) to 3.53, marking a decrease of 0.12.
- For EV / EBITDA (X), as of Mar 25, the value is 14.75. This value is within the healthy range. It has decreased from 15.61 (Mar 24) to 14.75, marking a decrease of 0.86.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 3.69. This value exceeds the healthy maximum of 3. It has decreased from 3.81 (Mar 24) to 3.69, marking a decrease of 0.12.
- For Retention Ratios (%), as of Mar 25, the value is 6.53. This value is below the healthy minimum of 30. It has decreased from 10.32 (Mar 24) to 6.53, marking a decrease of 3.79.
- For Price / BV (X), as of Mar 25, the value is 6.20. This value exceeds the healthy maximum of 3. It has increased from 6.14 (Mar 24) to 6.20, marking an increase of 0.06.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 3.69. This value exceeds the healthy maximum of 3. It has decreased from 3.81 (Mar 24) to 3.69, marking a decrease of 0.12.
- For EarningsYield, as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has increased from 0.03 (Mar 24) to 0.04, marking an increase of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in HCL Technologies Ltd:
- Net Profit Margin: 14.86%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 30.84% (Industry Average ROCE: 14.92%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 24.96% (Industry Average ROE: 20.95%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 28.02
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 2.21
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 24.7 (Industry average Stock P/E: 144.55)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.03
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 14.86%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| IT Consulting & Software | 806, Siddharth, New Delhi Delhi 110019 | investors@hcl.com http://www.hcltech.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Shiv Nadar | Chairman Emeritus |
| Ms. Roshni Nadar Malhotra | Non Exe. Non Ind Chairperson |
| Mr. C Vijayakumar | Managing Director & CEO |
| Mr. Shikhar Malhotra | Non Exe.Non Ind.Director |
| Mr. Thomas Sieber | Ind. Non-Executive Director |
| Ms. Nishi Vasudeva | Ind. Non-Executive Director |
| Mr. Deepak Kapoor | Ind. Non-Executive Director |
| Mr. Simon John England | Ind. Non-Executive Director |
| Ms. Vanitha Narayanan | Ind. Non-Executive Director |
| Ms. Lee Fang Chew | Ind. Non-Executive Director |
| Ms. Bhavani Balasubramanian | Ind. Non-Executive Director |
FAQ
What is the intrinsic value of HCL Technologies Ltd?
HCL Technologies Ltd's intrinsic value (as of 04 November 2025) is 1344.69 which is 12.91% lower the current market price of 1,544.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 4,18,881 Cr. market cap, FY2025-2026 high/low of 2,012/1,303, reserves of ₹69,112 Cr, and liabilities of 104,480 Cr.
What is the Market Cap of HCL Technologies Ltd?
The Market Cap of HCL Technologies Ltd is 4,18,881 Cr..
What is the current Stock Price of HCL Technologies Ltd as on 04 November 2025?
The current stock price of HCL Technologies Ltd as on 04 November 2025 is 1,544.
What is the High / Low of HCL Technologies Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of HCL Technologies Ltd stocks is 2,012/1,303.
What is the Stock P/E of HCL Technologies Ltd?
The Stock P/E of HCL Technologies Ltd is 24.7.
What is the Book Value of HCL Technologies Ltd?
The Book Value of HCL Technologies Ltd is 263.
What is the Dividend Yield of HCL Technologies Ltd?
The Dividend Yield of HCL Technologies Ltd is 3.50 %.
What is the ROCE of HCL Technologies Ltd?
The ROCE of HCL Technologies Ltd is 31.6 %.
What is the ROE of HCL Technologies Ltd?
The ROE of HCL Technologies Ltd is 25.0 %.
What is the Face Value of HCL Technologies Ltd?
The Face Value of HCL Technologies Ltd is 2.00.