HCL Technologies Ltd
NSE: HCLTECH · Computers - Software & Consulting · sector
₹1,417.00NSE close 2026-10-26
Key numbers
Market cap₹3,84,716 cr
Price₹1,417.00
52w high / low₹1,780 / ₹1,030
P/E20.9xSector median 17.5x
P/B5.0xSector median 2.7x
Book value₹280.3
Dividend yield3.80%Sector median 1.66%
ROE24.9%Sector median 14.4%
ROCE31.9%Sector median 15.3%
OPM19.9%Sector median 16.9%
Debt / equity0.01xSector median 0.04x
EV/EBITDA13.2xSector median 13.2x
Interest cover34.0x
Current ratio1.98x
Sales growth 3y+8.7%Sector median +10.8%
Profit growth 3y+3.9%Sector median +14.9%
PEG5.41x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 80 companies in Computers - Software & Consulting (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹30,385 cr vs borrowings ₹159 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 34.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 7% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,417.00 on 2026-10-26: -20.4% from the 52-week high, +37.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,995.10 · low ₹1,034.20
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29,890 | 30,246 | 30,349 | 31,942 | 33,872 | 33,981 | 34,579 | 35,620 |
| EBITDA | 6,860 | 6,482 | 6,035 | 6,545 | 6,456 | 6,712 | 6,870 | 7,477 |
| OPM % | 23.0% | 21.4% | 19.9% | 20.5% | 19.1% | 19.8% | 19.9% | 21.0% |
| Other income | 477 | 449 | 456 | 415 | 385 | 322 | 361 | 234 |
| Net profit | 4,591 | 4,307 | 3,843 | 4,235 | 4,076 | 4,488 | 4,624 | 5,132 |
| EPS (₹) | 16.94 | 15.90 | 14.18 | 15.63 | 15.06 | 16.59 | 17.09 | 18.96 |
| Revenue YoY | +13.3% | +12.3% | +13.9% | +11.5% | ||||
| Profit YoY | -11.2% | +4.2% | +20.3% | +21.2% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 85,651 | 1,01,456 | 1,09,913 | 1,17,055 | 1,30,144 | 1,38,052 |
| EBITDA | 20,529 | 22,628 | 24,198 | 25,504 | 25,796 | 27,515 |
| Net profit | 13,499 | 14,851 | 15,710 | 17,390 | 16,642 | 18,320 |
| EPS (₹) | 49.77 | 54.85 | 57.99 | 64.16 | 61.46 | 67.70 |
| Revenue growth | +18.5% | +8.3% | +6.5% | +11.2% | +12.8% | |
| Profit growth | +10.0% | +5.8% | +10.7% | -4.3% | +7.9% | |
| Dividend / share (₹) | 10.00 | 48.00 | 52.00 | 54.00 | 54.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +8.7% | +11.5% | +12.8% |
| Net profit | +3.9% | +8.3% | +7.9% |
| EPS | +3.9% | +8.4% | – |
| Share price | – | -12.1% (2y) | -4.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 65,405 | 68,263 | 69,655 | 75,165 |
| Borrowings | – | 2,251 | 2,327 | 2,291 | 159 |
| Cash & equivalents | – | 20,109 | 27,193 | 28,762 | 30,385 |
| Total assets | – | 93,411 | 99,777 | 1,05,544 | 1,16,258 |
| Fixed assets | – | 5,371 | 4,891 | 4,501 | 4,657 |
| Capital work in progress | – | 40 | 108 | 59 | 60 |
| Investments | – | 110 | 94 | 91 | 130 |
| Receivables | – | 25,506 | 25,521 | 25,842 | 31,541 |
| Inventory | – | 228 | 185 | 133 | 239 |
| Payables | – | 6,428 | 5,853 | 6,225 | 7,706 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 16,900 | 18,009 | 22,448 | 22,261 | 19,975 |
| Cash from investing | 1,477 | -3,931 | -6,723 | -4,914 | -1,473 |
| Cash from financing | -14,508 | -15,881 | -15,464 | -18,561 | -19,369 |
| Capex | 1,645 | 1,661 | 1,048 | 1,108 | 1,422 |
| Free cash flow | 15,255 | 16,348 | 21,400 | 21,153 | 18,553 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 22.7% | 23.0% | 25.0% | 22.1% |
| ROCE % | – | 29.3% | 30.5% | 33.2% | 30.5% |
| Debtor days | – | 92 | 85 | 81 | 88 |
| Inventory days | – | 42 | 38 | 24 | 33 |
| Payable days | – | 1,170 | 1,189 | 1,120 | 1,078 |
| Cash conversion cycle (days) | – | -1,036 | -1,066 | -1,015 | -957 |
| Working capital days | – | 116 | 122 | 106 | 109 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 60.88% |
| FIIs | 15.33% |
| DIIs | 18.94% |
| of which Mutual funds | 9.34% |
| of which Insurance | 8.23% |
| Government | 0.00% |
| Public (non-institutions) | 4.59% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 60.81% | 60.81% | 60.81% | 60.81% | 60.81% | 60.86% | 60.88% | 60.88% |
| Promoter group | % |
|---|---|
| Vama Sundari Investments (Delhi) Pvt. Ltd. | 44.23% |
| HCL Holdings Private Ltd. | 16.46% |
| Kiran Nadar Museum of Art | 0.08% |
| Shiv Nadar Foundation | 0.08% |
| Mrs. Kiran Nadar | 0.02% |
| Mr. Shiv Nadar | 0.00% |
| Mrs. Roshni Nadar Malhotra | 0.00% |
| Mr. Shikhar Neelkamal Malhotra | 0.00% |
| Master Armaan Malhotra (minor) | 0.00% |
| Master Jahaan Malhotra (minor) | 0.00% |
| HCL Corporation Pvt. Ltd. | 0.00% |
| Universal Office Automation Limited | 0.00% |
| International Data Management Limited | 0.00% |
| HCL Infosystems Limited | 0.00% |
| SSN Investments (Delhi) Pvt Ltd | 0.00% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation Of India | 7.07% |
| HDFC Trustee Company Limited | 2.07% |
| Artisan International Value Fund | 2.03% |
| Parag Parikh Flexi Cap Fund | 1.72% |
| SBI Mutual Fund | 1.68% |
| NPS Trust | 1.24% |
9,45,375 shareholders. Pledged: 0.00% of promoter shares.
Peers in Computers - Software & Consulting
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TCS | ₹9,17,670 cr | 17.8x | 7.7x | 45.8% | 59.1% | 25.0% | +5.8% | 4.31% |
| INFY | ₹4,72,230 cr | 15.7x | 5.1x | 32.1% | 44.9% | 23.0% | +6.8% | 3.95% |
| HCLTECH | ₹3,84,716 cr | 20.9x | 5.0x | 24.9% | 31.9% | 19.9% | +8.7% | 3.80% |
| WIPRO | ₹1,87,403 cr | 14.8x | 2.4x | 16.0% | 19.6% | 19.3% | +0.8% | 6.18% |
| TECHM | ₹1,59,037 cr | 28.8x | 5.4x | 16.1% | 25.2% | 16.8% | +2.2% | 2.53% |
| LTM | ₹1,20,617 cr | 23.1x | 4.7x | 21.2% | 28.2% | 16.7% | +8.4% | 1.66% |
| PERSISTENT | ₹92,284 cr | 50.8x | 10.7x | 22.9% | 28.2% | 16.3% | +20.9% | 0.63% |
| COFORGE | ₹66,873 cr | 40.5x | 7.0x | 21.6% | 24.9% | 17.3% | +27.0% | 0.81% |
| MPHASIS | ₹48,819 cr | 25.5x | 4.5x | 18.8% | 22.3% | 18.4% | +4.8% | 2.23% |
| HEXT | ₹36,152 cr | 26.9x | 5.4x | 21.5% | 27.6% | 14.2% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| IT and Business Services | ₹96,095 cr | 73.6% | ₹15,390 cr | 16.0% |
| Engineering and R&D Services | ₹22,063 cr | 16.9% | ₹3,703 cr | 16.8% |
| HCL Software | ₹12,397 cr | 9.5% | ₹3,304 cr | 26.7% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-10-16 | Dividend | Interim Dividend - Rs 12 Per Share |
| 2026-07-17 | Dividend | Interim Dividend - Rs 12 Per Share |
| 2026-04-24 | Dividend | Interim Dividend - Rs 24 Per Share |
| 2026-01-16 | Dividend | Interim Dividend - Rs 12 Per Share |
| 2025-10-17 | Dividend | Interim Dividend - Rs 12 Per Share |
| 2025-07-18 | Dividend | Interim Dividend - Rs 12 Per Share |
| 2025-04-28 | Dividend | Interim Dividend - Rs 18 Per Share |
| 2025-01-17 | Dividend | Interim Dividend - Rs 12 Per Share Special Dividend - Rs 6 Per Share |
| 2024-10-22 | Dividend | Interim Dividend - Rs 12 Per Share |
| 2024-07-23 | Dividend | Interim Dividend - Rs 12 Per Share |
| 2024-05-07 | Dividend | Interim Dividend - Rs 18 Per Share |
| 2024-01-19 | Dividend | Interim Dividend - Rs 12 Per Share |
| 2023-10-20 | Dividend | Interim Dividend - Rs 12 Per Share |
| 2023-07-20 | Dividend | Dividend - Rs 10 Per Share |
| 2023-04-28 | Dividend | Interim Dividend - Rs 18 Per Share |
| 2023-01-19 | Dividend | Interim Dividend - Rs 10 Per Share |
| 2022-10-19 | Dividend | Interim Dividend - Rs 10 Per Share |
| 2022-07-19 | Dividend | Interim Dividend- Rs 10 Per Share |
| 2022-04-28 | Dividend | Interim Dividend Rs 18 Per Share |
| 2022-01-20 | Dividend | Interim Dividend - Rs 10 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Information and Communication (Revenue from operation) (GICS Classification – Information Technology – Software and Services): Computer programming, consultancy, software and related activities. HCLTech provides next-generation digital transformation services to global enterprises by leveraging its full-stack portfolio spanning AI, Digital, Engineering, Cloud and Software.
| Sector | Information Technology |
| Industry | Computers - Software & Consulting |
| Sub-industry | Computers - Software & Consulting |
| Symbol | HCLTECH |
| BSE code | 532281 |
| ISIN | INE860A01027 |
| Face value | ₹2.0 |
| Incorporated | 1991-11-12 |
| Website | www.hcltech.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.