āagman

Not investment advice. Data and computed figures, for information only.

HCL Technologies Ltd

NSE: HCLTECHF&O
₹1,380.00
+₹20.00 (+1.47%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹3,30,172 Cr
CMP
₹1,380.00
52-wk High / Low
₹1,780 / 1,030
P/E
18.2
P/B
4.4
Book Value
₹277.0
Div Yield
4.44%
ROCE
30.0%
ROE
23.8%
Face Value
₹2
D/E
0.07

Price−7.7% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹618
√(22.5 × EPS × book value per share)
ROIC
21.0%
vs 13.5% sector median
Cash flow to profit
1.20
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−2
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
4.6%
ROE × earnings retention ratio
ROE stability
1.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.02FII −0.61DII −0.20
Latest quarter vs the previous one
Cash-accrual divergence
−3.0%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+PE of 18.2x is below the sector median of 24.0x
Watch-outs
−Borrowings are up 378.4% since FY2016 (1090 to 5215)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales26,29626,67228,44628,49928,05728,86229,89030,24630,34931,94233,87233,98134,579
Expenses20,93120,74321,65922,38222,26422,49323,03023,76424,31425,39726,46027,26927,709
Operating Profit5,3655,9296,7876,1175,7936,3696,8606,4826,0356,5457,4126,7126,870
OPM %20.4%22.2%23.9%21.5%20.6%22.1%23.0%21.4%19.9%20.5%21.9%19.8%19.9%
Other Income3443653704161,103456477449456415−571322361
Interest8615614017119113116615620921520524084
Depreciation9271,0101,1431,0939981,0071,0391,0401,0931,0431,1271,0921,039
Profit before tax4,6965,1285,8745,2695,7075,6876,1325,7355,1895,7025,5095,7026,108
Net Profit3,5313,8334,3513,9954,2594,2374,5944,3093,8444,2364,0824,4904,626
EPS (₹)13.0214.1216.0314.6915.6915.6116.9215.8714.1615.6115.0216.5417.04

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales36,70131,13647,56850,56960,42770,67675,37985,6511,01,4561,09,9131,17,0551,30,1441,34,374
Expenses28,21524,48237,17839,32346,50153,36055,33165,12278,82885,71591,5511,03,3921,06,835
Operating Profit8,4866,65410,39011,24613,92617,31620,04820,52922,62824,19825,50426,75227,539
OPM %23.1%21.4%21.8%22.2%23.0%24.5%26.6%24.0%22.3%22.0%21.8%20.6%20.5%
Other Income1,1268711,0691,2309435899271,0671,3581,4952,485574527
Interest91748969174505511319353553644869744
Depreciation4044108281,3832,0733,4204,6114,3264,1454,1734,0844,3554,301
Profit before tax9,1177,04110,54211,02412,62213,98015,85316,95119,48820,96723,26122,10223,021
Net Profit7,3425,6028,6068,72210,12011,05711,16913,52314,84515,71017,39916,65217,434
EPS (₹)26.0219.8630.1631.3237.3140.7541.0749.7454.7357.8664.0861.3364.21

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital281282285278271543543543543543543543—
Reserves23,94327,10932,66436,10841,09550,72459,37061,37164,86267,72069,11274,622—
Borrowings6481,0905825574,1957,9866,8646,3434,7945,7566,2765,215—
Other Liabilities10,37210,85912,23111,04612,78823,56619,27020,66423,05124,98728,54934,732—
Total Liabilities35,24539,34145,76247,98958,34982,81986,04788,92193,25099,0061,04,4801,15,112—
Fixed Assets8,2759,71615,23518,75322,88837,49037,14535,07734,61935,06336,17237,297—
CWIP5526114483202354003121294010859142—
Investments8696981,3062,6602,3057,0666,8626,3515,4957,1377,5647,090—
Other Assets25,54828,31528,77326,25632,92137,86341,72847,36453,09656,69860,68570,583—
Total Assets35,24539,34145,76247,98958,34982,81986,04788,92193,25099,0061,04,4801,15,112—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6,4575,5393,8238,9958,3288,97113,35919,61816,90018,00922,44822,26119,975
Cash from Investing Activity−4,842−2,088−2,208−3,890−2,236−3,256−12,332−5,6651,597−3,573−6,608−4,896−656
Cash from Financing Activity−1,308−3,140−2,237−4,517−5,714−1,471−3,168−11,192−14,508−15,881−15,464−18,561−19,369
Net Cash Flow307311−6235883784,244−2,1412,7613,989−1,445376−1,196−50

Ratios

As of 31 Mar 2026
13 periods
Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %45.040.028.034.031.031.027.026.025.028.030.032.030.0
ROE %————————————23.8
EPS (₹)23.2526.0219.8630.1631.3237.3140.7541.0749.7454.7357.8664.0861.33
Book Value (₹)————————————277.0
Face Value (₹)————————————2
P/E————————————18.2
Div Yield %————————————4.44
NPM %—19.417.517.716.816.515.514.615.614.414.114.612.7
OPM %25.023.021.022.022.023.024.027.024.022.022.022.021.0
D/E—0.030.040.020.020.100.160.110.100.070.080.090.07
P/B————————————4.4

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+15.0%
5 years+12.0%
3 years+9.0%
TTM+13.0%
Compounded profit growth
10 years+12.0%
5 years+9.0%
3 years+6.0%
TTM+7.0%
Stock price CAGR
10 years+12.0%
5 years−1.0%
3 years+0.0%
Last year−19.0%
Return on equity
10 years24.0%
5 years23.0%
3 years24.0%
Last year24.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters59.68%59.68%60.18%60.00%60.33%60.33%60.72%60.82%60.82%60.82%60.86%60.88%
FIIs24.56%24.56%26.54%28.74%26.42%24.14%18.97%18.92%19.65%19.15%15.51%14.90%
DIIs7.74%7.74%9.78%7.67%9.11%10.54%14.68%15.28%14.95%15.44%18.95%18.75%
Government0.00%0.00%0.01%0.01%0.04%0.02%0.02%0.02%0.02%0.04%0.04%0.04%
Public8.02%8.02%3.49%3.58%4.10%4.97%5.38%4.74%4.35%4.37%4.36%5.14%
No. of shareholders1,74,6811,74,6811,45,9731,54,7002,15,5425,17,8479,08,0559,40,0798,55,9608,80,7228,77,71710,23,551
Change since Jun 2023 (pp)
Promoters +1.20FIIs −9.66DIIs +11.01Public −2.88

Documents

As of 11 Oct 2026
Announcements
Release - "Hcltech Introduces 20 Industry AI Solutions To Transform Vertical Value Chains With AI"Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Release- 'Hcltech Scales South Africa Operations With New Headquarters Featuring An AI Center Of Excellence'Release - 'Hon'Ble CM Yogi Adityanath Graces Celebration To Mark 10 Years Of HCL IT City In Lucknow'Release - "Hcltech To Showcase Solutions For AI-Native Transformation Of Telcos At The India Mobile Congress 2026"
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingApr 2026TranscriptApr 2026PPTApr 2026RecordingJan 2026TranscriptJan 2026RecordingOct 2025TranscriptOct 2025PPTOct 2025RecordingJul 2025TranscriptJul 2025PPTJul 2025Recording

Corporate actions

As of 16 Oct 2026
16 Oct 2026DIVIDENDInterim Dividend - Rs 12 Per Share—
17 Jul 2026DIVIDENDInterim Dividend - Rs 12 Per Share—
24 Apr 2026DIVIDENDInterim Dividend - Rs 24 Per Share—
16 Jan 2026DIVIDENDInterim Dividend - Rs 12 Per Share—
17 Oct 2025DIVIDENDInterim Dividend - Rs 12 Per Share—
18 Jul 2025DIVIDENDInterim Dividend - Rs 12 Per Share—
28 Apr 2025DIVIDENDInterim Dividend - Rs 18 Per Share—
17 Jan 2025DIVIDENDInterim Dividend - Rs 12 Per Share Special Dividend - Rs 6 Per Share—
22 Oct 2024DIVIDENDInterim Dividend - Rs 12 Per Share—
23 Jul 2024DIVIDENDInterim Dividend - Rs 12 Per Share—
7 May 2024DIVIDENDInterim Dividend - Rs 18 Per Share—
19 Jan 2024DIVIDENDInterim Dividend - Rs 12 Per Share—
20 Oct 2023DIVIDENDInterim Dividend - Rs 12 Per Share—
20 Jul 2023DIVIDENDDividend - Rs 10 Per Share—
28 Apr 2023DIVIDENDInterim Dividend - Rs 18 Per Share—
19 Jan 2023DIVIDENDInterim Dividend - Rs 10 Per Share—
19 Oct 2022DIVIDENDInterim Dividend - Rs 10 Per Share—
19 Jul 2022DIVIDENDInterim Dividend- Rs 10 Per Share—
28 Apr 2022DIVIDENDInterim Dividend Rs 18 Per Share—
20 Jan 2022DIVIDENDInterim Dividend - Rs 10 Per Share—
21 Oct 2021DIVIDEND Interm Dividend - Rs 10 Per Share—
27 Jul 2021DIVIDEND Interim Dividend - Rs 6 Per Share—
29 Apr 2021DIVIDEND Interim Dividend - Rs 6 Per Share Special Interim Dividend - Rs 10 Per Share—
21 Jan 2021DIVIDEND Interim Dividend - Rs 4 Per Share—
22 Oct 2020DIVIDEND Interim Dividend - Rs 4 Per Share—
14 Sep 2020DIVIDEND Dividend - Rs 2 Per Share—
23 Jul 2020DIVIDEND Interim Dividend - Rs 2 Per Share—
24 Jan 2020DIVIDEND Interim Dividend - Rs 2 Per Share—
5 Dec 2019BONUS Bonus 1:1—
31 Oct 2019DIVIDEND Interim Dividend - Rs 2 Per Sh—
14 Aug 2019DIVIDEND Interim Dividend - Rs 2 Per Share—
16 May 2019DIVIDEND Interim Dividend - Rs 2 Per Share—
5 Feb 2019DIVIDEND Interim Dividend - Rs 2 Per Share—
30 Oct 2018DIVIDEND Interim Dividend - Rs 2 Per Sh—
9 May 2018DIVIDEND Interim Dividend - Rs 2 Per Share (Purpose Revised)—
29 Jan 2018DIVIDEND Interim Dividend - Rs 2 Per Share (Purpose Revised)—
1 Nov 2017DIVIDEND Interim Dividend - Rs 2/- Per Share—
3 Aug 2017DIVIDEND Interim Dividend - Rs 2/- Per Share—
24 May 2017DIVIDEND Buyback/Interim Dividend Rs 6/- Per Share (Purpose Revised)—
1 Feb 2017DIVIDEND Interim Dividend Rs 6/- Per Share (Purpose Revised)—
27 Oct 2016DIVIDEND Interim Dividend - Rs 6/- Per Share (Purpose Revised)—
10 Aug 2016DIVIDEND Interim Dividend - Rs 6/- Per Share (Purpose Revised)—
5 May 2016DIVIDEND Interim Dividend - Rs 6/- Per Share (Purpose Revised)—
27 Jan 2016DIVIDEND Interim Dividend Rs 6/- Per Share (Purpose Revised)—
23 Oct 2015DIVIDEND Interim Dividend - Rs 5/- Per Share (Purpose Revised)—
7 Aug 2015DIVIDENDInterim Dividend - Rs 5/- Per Share (Purpose Revised)—
24 Apr 2015DIVIDENDInterim Dividend - Rs 4/- Per Share (Purpose Revised)—
19 Mar 2015BONUSBonus 1 : 1—
4 Feb 2015DIVIDENDInterim Dividend - Rs 8/- Per Share (Purpose Revised)—
21 Oct 2014DIVIDENDInterim Dividend Rs.6/- Per Share (Purpose Revised)—
5 Aug 2014DIVIDENDInterim Dividend - Rs 12/- Per Share (Purpose Revised)—
22 Apr 2014DIVIDENDInterim Dividend - Rs 4/- Per Share (Purpose Revised)—
22 Jan 2014DIVIDENDSecond Interim Dividend Rs. 4/- Per Share—
18 Dec 2013DIVIDENDAnnual General Meeting / Final Dividend - Rs 6/- Per Share—
22 Oct 2013DIVIDENDInterim Dividend Rs 2/- Per Share—
22 Apr 2013DIVIDENDInterim Dividend Of Rs 2/- Per Equity Share (Purpose Revised)—
21 Jan 2013DIVIDENDInterim Dividend Of Rs 2/- Per Equity Share (Purpose Revised)—
19 Oct 2012DIVIDENDFinal Dividend Rs.4/- Per Share And Interim Dividend Rs.2/- Per Share (Purpose Revised)—
23 Apr 2012DIVIDENDInterim Dividend Rs.2/- Per Share (Purpose Revised)—
20 Jan 2012DIVIDENDInterim Dividend Rs.2/- Per Share (Purpose Revised)—
21 Oct 2011DIVIDENDFinal Dividend Rs.2/- Per Share/Interim Dividend Rs.2/- Per Share/Special Dividend Rs.2/- Per Share/Annual General Meeting (Purpose Revised)—
25 Apr 2011DIVIDEND3rd Interim Dividend-Rs.2/- Per Share (Purpose Revised)—
24 Jan 2011DIVIDEND2nd Interim Dividend-Rs.2/- Per Share (Purpose Revised)—
22 Oct 2010DIVIDENDAnnual General Meeting/Final Dividend Re.1/- Per Share/Interim Dividend Rs.1.50 Per Share (Purpose Revised)—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman