HCLTECH · NSE
HCL Technologies Limited
₹1,249.3
-0.72% (-₹9)
Prev. close
₹1,258.3
Volume
28,86,447
Delivery %
62.5%
As of
18 Sept 2026
Price history
Analyst sentiment
Analysts are split
5 analyst stances · last 90 days · one per analyst
Trackable
3 · 1 bull / 1 neutral / 1 bear
Long-Horizon
none in window
Commentary
2 · 0 bull / 0 neutral / 2 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bearish on HCLTech with a 'REDUCE' rating and a target price of ₹1,120. This rating indicates a negative outlook, sugges…” | JM Financial AnalysisJM Financial Institutional Securities | HCLTech | PENDING | |
| “HCLTech ranks fifth in CLSA's AI capability assessment with a score of 4.7, showing strong performance in generative AI …” | CLSA AnalysisCLSA | HCL Technologies | PENDING | |
| “Closed its 'Buy' rating on HCL Technologies, assigning a price target of ₹1,415. This change largely reflects valuation …” | UBS AnalysisUBS | HCL Technologies | PENDING |
Market commentary · 2 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “HCL Technologies' risk-reward remains unattractive, despite strong deal wins. The company's narrowing growth differentia…” | Nuvama AnalysisNuvama Alternative & Quantitative Research | HCL Technologies | NOT GRADED | |
| “HCL Technologies faces a negative outlook for the next few years, with AI-driven deflation potentially lowering revenue …” | Nirmal Bang Institutional Equities AnalysisNirmal Bang Institutional Equities | HCL Technologies | PENDING |
Fundamentals
About HCL Technologies Limited
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.
Details
Sector
Technology
Industry
Information Technology Services
CEO
Mr. ChinnaSwamy VijayaKumar
Headquarters
Noida
Website
hcltech.comExchange
View on NSE ↗Key stats
Market cap
₹3.40 L Cr
P/E ratio (TTM)
19.5
Dividend yield
4.79%
EPS (TTM)
₹64.55
Beta (1Y · daily vs NIFTY 50)
0.77
Beta (5Y · monthly vs NIFTY 50)
0.68
Shares float
103.88 Cr
EPS · quarter ended Jun 2026
₹17.06
Upcoming earnings
12 Oct 2026
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.0% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹75,379.00 Cr | ₹85,651.00 Cr | ₹1.01 L Cr | ₹1.10 L Cr | ₹1.17 L Cr | ₹1.30 L Cr | |
| EBITDA | ₹20,975.00 Cr | ₹21,596.00 Cr | ₹23,986.00 Cr | ₹25,693.00 Cr | ₹27,989.00 Cr | ₹27,326.00 Cr |
| ₹11,145.00 Cr | ₹13,499.00 Cr | ₹14,851.00 Cr | ₹15,710.00 Cr | ₹17,390.00 Cr | ₹16,642.00 Cr | |
| Diluted EPS | ₹41.07 | ₹49.77 | ₹54.79 | ₹57.86 | ₹64.09 | ₹61.36 |
Total expenses (as filed), Employee benefit expense, Other expenses, Other income have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹86,194.00 Cr | ₹89,033.00 Cr | ₹93,411.00 Cr | ₹99,006.00 Cr | ₹1.04 L Cr | ₹1.15 L Cr | |
| — | — | ₹4,786.00 Cr | ₹5,756.00 Cr | ₹6,279.00 Cr | ₹5,215.00 Cr | |
| Stockholders' equity | ₹59,913.00 Cr | ₹62,006.00 Cr | ₹65,398.00 Cr | ₹68,263.00 Cr | ₹69,655.00 Cr | ₹75,165.00 Cr |
Inventory, Trade receivables, Cash & equivalents, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹19,618.00 Cr | ₹16,900.00 Cr | ₹18,009.00 Cr | ₹22,448.00 Cr | ₹22,261.00 Cr | ₹19,975.00 Cr | |
| Investing cash flow | ₹-5,742.00 Cr | ₹1,477.00 Cr | ₹-3,931.00 Cr | ₹-6,723.00 Cr | ₹-4,914.00 Cr | ₹-1,473.00 Cr |
| ₹-11,180.00 Cr | ₹-14,508.00 Cr | ₹-15,881.00 Cr | ₹-15,464.00 Cr | ₹-18,561.00 Cr | ₹-19,369.00 Cr | |
| Capital expenditure | ₹-1,904.00 Cr | ₹-1,645.00 Cr | ₹-1,661.00 Cr | ₹-1,048.00 Cr | ₹-1,108.00 Cr | ₹-1,422.00 Cr |
| End cash position | ₹6,521.00 Cr | ₹10,510.00 Cr | ₹9,065.00 Cr | ₹9,441.00 Cr | ₹8,245.00 Cr | ₹8,195.00 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21 | Dec 21 | Mar 22–Dec 22(4Q) | Mar 23 | Jun 23 | Sep 23 | Dec 23–Mar 24(2Q) | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25–Dec 25(2Q) | Mar 26 | Jun 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 60.33% | 60.33% | 60.72% | 60.81% | 60.81% | 60.81% | 60.81% | 60.81% | 60.81% | 60.81% | 60.81% | 60.81% | 60.81% | 60.86% | 60.88% |
| Public | 39.67% | 39.47% | 39.05% | 38.95% | 38.96% | 38.97% | 38.98% | 38.91% | 39.00% | 39.06% | 39.01% | 39.02% | 38.89% | 38.85% | 38.83% |
| Employee trusts | 0.00% | 0.20% | 0.23% | 0.23% | 0.23% | 0.21% | 0.21% | 0.28% | 0.18% | 0.13% | 0.18% | 0.16% | 0.30% | 0.29% | 0.29% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Technology
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Tata Consultancy Services Limited | ₹7.92 L Cr | ₹2,105 | 15.9 | 7.39 | 45.9% | 0.11 | +4.6% | -33.7% |
| Infosys Limited | ₹4.20 L Cr | ₹1,037.7 | 13.5 | — | 33.9% | 0.10 | +4.6% | -31.2% |
| HCL Technologies Limited | ₹3.40 L Cr | ₹1,249.3 | 19.5 | 4.53 | 22.1% | 0.07 | +11.2% | -16.4% |
| Wipro Limited | ₹1.65 L Cr | ₹166.4 | 13.5 | 1.86 | 14.9% | 0.23 | +4.0% | -34.5% |
| Tech Mahindra Limited | ₹1.38 L Cr | ₹1,537.1 | 27.0 | 4.67 | 16.2% | 0.07 | +7.2% | -0.9% |
| LTM Limited | ₹1.26 L Cr | ₹4,275.1 | 24.2 | 5.26 | 20.9% | 0.10 | +11.3% | — |
| One 97 Communications Limited | ₹1.13 L Cr | ₹1,849.9 | 175.9 | 7.05 | 3.5% | 0.01 | +21.5% | +50.5% |
| LG Electronics India Limited | ₹1.11 L Cr | ₹1,652.9 | 60.6 | 14.42 | 22.0% | 0.06 | +1.3% | — |
| Oracle Financial Services Software Limited | ₹1.01 L Cr | ₹11,896 | 29.7 | 12.93 | 33.7% | 0.00 | +12.1% | +29.7% |
| Persistent Systems Limited | ₹85,505.25 Cr | ₹5,416 | 44.7 | 10.91 | 23.8% | 0.06 | +23.5% | -2.7% |
| Dixon Technologies (India) Limited | ₹80,805.72 Cr | ₹13,005 | 43.3 | 17.28 | 30.8% | 0.21 | +25.8% | -29.1% |
| Coforge Limited | ₹79,425.97 Cr | ₹1,841 | 36.8 | 8.33 | 16.3% | 0.08 | +35.8% | +0.9% |
Ranked by market cap within Technology, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 28
Concall transcripts
Show all 10
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
60 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.