HCL Technologies
Market cap ₹3.85 L Cr
- P/E
- 21.04
- Day range
- ₹1,415.00 – ₹1,467.50
- 52-week range
- ₹1,030.00 – ₹1,780.10
- Volume
- 44.22 L
- Open
- ₹1,450.40
- Prev close
- ₹1,421.70
Latest results · Q2 FY27(consolidated)Revenue ₹35,620 Cr+11.5%Profit ₹5,132 Cr+21.2%Margin 14.4%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
HCLTECH in NSE indices and F&O
F&O margin for one lot of HCLTECH (400 shares)Research profile
Composite 67 / 100Factor percentiles
Derived metrics
- Earn. yield
- 4.8%
- Graham no.
- ₹664.36
- vs Graham
- -53.3%
- ROE ÷ P/B
- 4.5%
- 12-1 mom.
- -15.0%
- Return / vol
- -0.16
- Magic Formula
- #56
- FCF yield
- 4.8%
Appears in 16 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 39 in IT| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Tata Consultancy ServicesTCS | ₹9.15 L Cr | 17.73 | 7.69 | 49.0% | 63.0% | 26.0% | 0.10 | +11.2% |
| InfosysINFY | ₹4.67 L Cr | 15.36 | 5.12 | 31.2% | 40.0% | 24.0% | 0.10 | +14.0% |
| HCL TechnologiesHCLTECH | ₹3.85 L Cr | 21.04 | 5.08 | 23.0% | 30.0% | 21.0% | 0.08 | +11.5% |
| WiproWIPRO | ₹1.88 L Cr | 14.91 | 2.38 | 15.6% | 18.0% | 20.0% | 0.28 | +9.1% |
| Tech MahindraTECHM | ₹1.75 L Cr | 28.77 | 5.91 | 16.9% | 23.0% | 18.0% | 0.07 | +15.6% |
| LTIMindtreeLTM | ₹1.23 L Cr | 23.60 | 4.74 | 21.3% | 30.0% | 18.0% | 0.09 | +13.6% |
| Persistent SystemsPERSISTENT | ₹89,851 Cr | 50.10 | 10.53 | 26.3% | 34.0% | 14.0% | 0.07 | +30.2% |
| Oracle Financial ServicesOFSS | ₹84,289 Cr | 24.73 | 10.96 | 32.6% | 45.0% | 49.0% | 0.00 | +6.6% |
| Sector median | ₹12,855 Cr | 25.98 | 4.74 | 17.6% | 22.0% | 18.0% | 0.09 | +17.5% |
Sector as classified in the tracked universe; medians use every tracked IT company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 3d agoHeadlines about HCL Technologies from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 20.3
- EPS (TTM)
- ₹64.26
- Price / Book
- 5.08
- ROE (FY26)
- 23.0%
- ROCE (latest year)
- 30%
- Dividend yield
- 3.80%
Moving averages (NSE)
- 20-day
- ₹1,284.91
- Price above
- 50-day
- ₹1,290.59
- Price above
- 200-day
- ₹1,330.65
- Price above
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- DII
- FII
- Public
- Others
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date.
Financial statements
| Line item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 28,446 | 28,499 | 28,057 | 28,862 | 29,890 | 30,246 | 30,349 | 31,942 | 33,872 | 33,981 | 34,579 | 35,620 |
| Expenses | 21,659 | 22,382 | 22,264 | 22,493 | 23,030 | 23,764 | 24,314 | 25,397 | 26,460 | 27,269 | 27,709 | 28,181 |
| Operating Profit | 6,787 | 6,117 | 5,793 | 6,369 | 6,860 | 6,482 | 6,035 | 6,545 | 7,412 | 6,712 | 6,870 | 7,439 |
| OPM % | 24% | 21% | 21% | 22% | 23% | 21% | 20% | 20% | 22% | 20% | 20% | 21% |
| Other Income | 370 | 416 | 1,103 | 456 | 477 | 449 | 456 | 415 | -571 | 322 | 361 | 234 |
| Interest | 140 | 171 | 191 | 131 | 166 | 156 | 209 | 215 | 205 | 240 | 84 | 194 |
| Depreciation | 1,143 | 1,093 | 998 | 1,007 | 1,039 | 1,040 | 1,093 | 1,043 | 1,127 | 1,092 | 1,039 | 1,012 |
| Profit before tax | 5,874 | 5,269 | 5,707 | 5,687 | 6,132 | 5,735 | 5,189 | 5,702 | 5,509 | 5,702 | 6,108 | 6,467 |
| Tax % | 26% | 24% | 25% | 26% | 25% | 25% | 26% | 26% | 26% | 21% | 24% | 21% |
| Net Profit | 4,351 | 3,995 | 4,259 | 4,237 | 4,594 | 4,309 | 3,844 | 4,236 | 4,082 | 4,490 | 4,626 | 5,132 |
| EPS in Rs | ₹16.03 | ₹14.69 | ₹15.69 | ₹15.61 | ₹16.92 | ₹15.87 | ₹14.16 | ₹15.61 | ₹15.02 | ₹16.54 | ₹17.04 | ₹18.91 |
From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
+3 days since Mar 2021
+3 days since Mar 2021
-25 days since Mar 2021
Strengths, risks & growth
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.
Strengths
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.80%.
- Company has been maintaining a healthy dividend payout of 90.6%
Risks
- The company has delivered a poor sales growth of 11.5% over past five years.
Compounded Sales Growth
- 10 Years
- +15%
- 5 Years
- +12%
- 3 Years
- +9%
- TTM
- +13%
Compounded Profit Growth
- 10 Years
- +12%
- 5 Years
- +9%
- 3 Years
- +6%
- TTM
- +12%
Stock Price CAGR
- 10 Years
- +14%
- 5 Years
- +4%
- 3 Years
- +4%
- 1 Year
- -7%
Return on Equity
- 10 Years
- +24%
- 5 Years
- +23%
- 3 Years
- +24%
- Last Year
- +24%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 60.82% | 60.86% | 60.88% | 60.88% | 0.00 pp |
| FII | 16.21% | 15.51% | 14.90% | 15.32% | +0.42 pp |
| DII | 18.37% | 18.95% | 18.75% | 18.95% | +0.20 pp |
| Government | 0.04% | 0.04% | 0.04% | 0.00% | -0.04 pp |
| Public | 4.26% | 4.36% | 5.14% | 4.60% | -0.54 pp |
| Others | 0.30% | 0.29% | 0.29% | 0.26% | -0.03 pp |
Filed with NSE for Sept 2026: promoters 60.88%, public 38.86% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 9.36% (+0.30 pp)- Promoters61.0%
- Foreign institutions15.4%
- Mutual funds9.4%
- Insurance8.3%
- Other domestic institutions1.4%
- Retail3.1%
- Others1.5%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| Parag Parikh Flexi Cap Fund | 1.54% | 3.96% | +0.51 pp |
| HDFC Flexi Cap Fund | 0.74% | 2.44% | +0.30 pp |
| HDFC Balanced Advantage Fund | 0.33% | 1.21% | +0.20 pp |
| HDFC Focused Fund | 0.25% | 3.54% | +0.21 pp |
| ICICI Pru Balanced Advantage Fund | 0.21% | 1.08% | -0.02 pp |
Scorecard
- Performance
- Low
- Valuation
- High
- Growth
- Low
- Profitability
- High
- Entry point
- Bad
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 30.0%
- Downside volatility
- 31.6%
- Worst 5% of days
- 2.8%
- Average of that tail
- 4.9%
- Max drawdown (1Y)
- 40.2%
- Below its peak
- 17.8%
Against the market
- Beta vs Nifty 50
- 0.82
- Correlation
- 0.36
- Relative strength (3M)
- +19.6%
- ATR (14)
- 2.8%
Return
- Return 1M
- +11.9%
- Return 3M
- +14.3%
- Return 6M
- +10.7%
- Return 1Y
- -4.9%
- vs 200-day average
- +6.9%
Momentum
- RSI (14) · overbought
- 72.8
- MACD histogram
- 22.50
- Stochastic %K
- 84.6
- ADX (14)
- 29.1
- +DI / −DI
- 37.5 / 9.7
- Money flow index
- 91.0
Participation
- Delivery (20d avg)
- 49.0%
- vs its 60-day baseline
- -1.6 pts
- Volume vs 20-day
- -0.1σ
- Close vs day's VWAP
- -0.9%
- 52-week position
- 56 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
No F-Score: it needs two reporting periods a year apart that carry both an income statement and a balance sheet, and this company's filings do not yet line up that way. The ratios below need only the one period and are unaffected.
- Free cash flow
- ₹18,553 Cr
- FCF yield
- 4.8%
- Cash conversion
- 1.20
- Accruals ratio
- -0.029
- Net debt
- -₹2,997 Cr
- Net debt / equity
- -0.04
- EV / sales
- 2.77
- Capex intensity
- 1.1%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Model simulation
30 independent runs of NeoQuasar/Kronos-small, conditioned on daily bars to 23 Oct 2026, simulating 10 sessions ahead.
Lower edge (10th percentile)
₹1,321.4
-7.1%
Upper edge (90th percentile)
₹1,416.84
-0.4%
The marker is the last close, ₹1,422.2. Eight of every ten simulated runs ended inside this range; the middle run ended at ₹1,371.5 (-3.6%), which is the centre of the simulation and not an expected or target price.
The model reads price history only. It has not seen this company's results, its filings, its industry or anything that happened after 23 Oct 2026. Ranges widen with horizon because the further out the simulation runs, the less the recent past constrains it.
Insider trades
| Person | Type | Shares | Value | Disclosed |
|---|---|---|---|---|
HCL Technologies Stock Options Trust Designated Person · ESOS | Sell | 1,24,426 | ₹16.7 Cr | 19 Oct 2026 |
HCL Technologies Stock Options Trust Designated Person · ESOS | Sell | 3,057 | ₹38.1 L | 16 Oct 2026 |
HCL Technologies Stock Options Trust Designated Person · ESOS | Sell | 1,285 | ₹15.1 L | 14 Oct 2026 |
HCL Technologies Stock Options Trust Designated Person · ESOS | Sell | 2,798 | ₹33.5 L | 12 Oct 2026 |
HCL Technologies Stock Options Trust Designated Person · ESOS | Sell | 2,101 | ₹25.8 L | 8 Oct 2026 |
HCL Technologies Stock Options Trust Designated Person · ESOS | Sell | 20,374 | ₹2.5 Cr | 1 Oct 2026 |
Ayut Manubhai Patel Designated Person · ESOS | Buy | 3,000 | ₹37.2 L | 1 Oct 2026 |
Srivatchan Rajaraman Designated Person · ESOS | Buy | 5,459 | ₹67.7 L | 1 Oct 2026 |
Arjun Sethi Designated Person · ESOS | Buy | 8,915 | ₹1.1 Cr | 1 Oct 2026 |
HCL Technologies Stock Options Trust Designated Person · ESOS | Sell | 7,700 | ₹96.3 L | 30 Sept 2026 |
Sumit Sehgal Designated Person · ESOS | Buy | 1,500 | ₹18.8 L | 30 Sept 2026 |
Mandar Vasant Patankar Designated Person · ESOS | Buy | 3,000 | ₹37.5 L | 30 Sept 2026 |
Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.
Corporate actions
- dividend₹12.00
Interim Dividend - Rs 12 Per Share
16 Oct 2026ex-date - dividend₹12.00
Interim Dividend - Rs 12 Per Share
17 Jul 2026ex-date - dividend₹24.00
Interim Dividend - Rs 24 Per Share
24 Apr 2026ex-date - dividend₹12.00
Interim Dividend - Rs 12 Per Share
16 Jan 2026ex-date - dividend₹12.00
Interim Dividend - Rs 12 Per Share
17 Oct 2025ex-date - dividend₹12.00
Interim Dividend - Rs 12 Per Share
18 Jul 2025ex-date - dividend₹18.00
Interim Dividend - Rs 18 Per Share
28 Apr 2025ex-date - dividend₹12.00
Interim Dividend - Rs 12 Per Share Special Dividend - Rs 6 Per Share
17 Jan 2025ex-date - dividend₹12.00
Interim Dividend - Rs 12 Per Share
22 Oct 2024ex-date - dividend₹12.00
Interim Dividend - Rs 12 Per Share
23 Jul 2024ex-date - dividend₹18.00
Interim Dividend - Rs 18 Per Share
7 May 2024ex-date - dividend₹12.00
Interim Dividend - Rs 12 Per Share
19 Jan 2024ex-date - dividend₹12.00
Interim Dividend - Rs 12 Per Share
20 Oct 2023ex-date - dividend₹10.00
Dividend - Rs 10 Per Share
20 Jul 2023ex-date - dividend₹18.00
Interim Dividend - Rs 18 Per Share
28 Apr 2023ex-date - dividend₹10.00
Interim Dividend - Rs 10 Per Share
19 Jan 2023ex-date - dividend₹10.00
Interim Dividend - Rs 10 Per Share
19 Oct 2022ex-date - dividend₹10.00
Interim Dividend- Rs 10 Per Share
19 Jul 2022ex-date - dividend₹18.00
Interim Dividend Rs 18 Per Share
28 Apr 2022ex-date - dividend₹10.00
Interim Dividend - Rs 10 Per Share
20 Jan 2022ex-date - dividend₹10.00
Interm Dividend - Rs 10 Per Share
21 Oct 2021ex-date
Company announcements
Enclosed please find a release on the captioned subject being issued by the Company today.
Enclosed please find an intimation on the captioned subject.
Enclosed please find an earnings call transcript.
Enclosed please find a link of the Audio recording of the Conference call held on October 12, 2026, post the announcement of the financial results for the quarter and half-year ended September ....
The Board of Directors has declared an Interim Dividend of Rs. 12/- per equity share of Rs. 2/- each of the Company for the Financial Year 2026-27. The Payment date of the said Interim ....
The Board of Directors has declared an Interim Dividend of Rs. 12/- per equity share of Rs. 2/- each of the Company for the Financial Year 2026-27.
Enclosed please find the Condensed Consolidated Interim Financial Statements - IFRS for the Three- and Six-Months period ended September 30, 2026.
Enclosed please find an Investor Release dated October 12, 2026 on the financial results of the Company for the quarter and half-year ended September 30, 2026.
Unaudited Financial Results For The Quarter and Half-Year ended September 30, 2026.
Enclosed please find the outcome of the Board Meeting held on October 12, 2026.
Enclosed please find a release on the captioned subject being issued by the Company today.
Enclosed please find a release on the captioned subject being issued by the Company today.
Enclosed please find the compliance certificate on the captioned subject.
Enclosed please find a release on the captioned subject being issued by the Company today.
Enclosed please find a release on the captioned subject being issued by the Company today.
Filed with BSE (scrip 532281); the last 45 days. Documents open at bseindia.com.
SEBI filings & orders
From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.
Buybacks, open offers & rights issues
- Buyback - Post Buyback PA
HCL Technologies Ltd - Post Buyback PA
15 Oct 2018Read on SEBI - Buyback - Letter of Offer
HCL Technologies Limited - Letter of Offer
21 Sept 2018Read on SEBI - Buyback - Public Announcement
HCL Technologies Limited - Public Announcement
24 Aug 2018Read on SEBI - Buyback - Post Offer Public Announcement
HCL Technologies Limited - Post Offer Public Announcement
14 Jul 2017Read on SEBI - Buyback - Letter of Offer
HCL Technologies Limited - Letter of Offer
14 Jun 2017Read on SEBI
Regulatory orders
- Order
Exemption Order under Regulation 11 of SEBI (SAST) Regulations, 2011 in the matter of HCL Technologies Limited.
22 Nov 2024Read on SEBI - Order
Order in respect of acquistion of shares of HCL Technologies Ltd
19 Jan 2005Read on SEBI
Documents
Annual reports
Earnings calls
- Oct 2026TranscriptSlidesRecording
- Jul 2026TranscriptSlidesRecording
- Apr 2026TranscriptSlidesRecording
- Jan 2026TranscriptRecording
- Oct 2025TranscriptSlidesRecording
- Jul 2025TranscriptSlidesRecording
Credit ratings
- Rating update · 6 Oct from icra
- Rating update · 7 Oct 2025 from icra
- Rating update · 10 Dec 2024 from icra
- Rating update · 1 Jul 2024 from icra
- Rating update · 30 Nov 2023 from icra
- Rating update · 17 Nov 2022 from icra
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 13 Oct 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
HCL Technologies: common questions
Answered from the figures on this page.
