HCL Technologies Ltd.

NSE: HCLTECH · Information Technology

₹1,440.00+0.66%06 Nov 2026

Ask the data

Instant answers about HCL Technologies Ltd. — computed from its filings, no language model

Market cap₹3,90,960 cr

Current price₹1,440.00

High / Low₹1,730 / ₹1,034

P/E21.3

P/B5.14

Book value₹280.3

ROE24.1%

ROCE31.9%

Debt / equity0.01

Dividend yield3.74%

EPS (TTM)₹67.48

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY18	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	50,569	70,676	75,379	85,651	1,01,456	1,09,913	1,30,144
EBITDA	11,246	17,316	20,048	20,530	22,628	24,198	26,752
Operating margin	22.2%	24.5%	26.6%	24.0%	22.3%	22.0%	20.6%
Interest	69	505	511	319	353	553	869
Depreciation	1,383	3,420	4,611	4,326	4,145	4,173	4,355
Profit before tax	11,011	13,980	15,853	16,951	19,488	20,967	22,102
Tax	2,302	2,923	4,684	3,428	4,643	5,257	5,450
Net profit	8,721	11,057	11,145	13,499	14,851	0	16,642
EPS ₹	62.23	40.75	41.07	49.77	54.85	57.99	61.46
Operating cash flow	—	—	—	16,900	18,009	22,448	19,975
Capex	—	—	—	1,645	1,661	1,048	1,422
Dividend paid	—	—	—	11,389	12,995	14,073	14,618
Total assets	48,023	82,906	86,194	89,033	93,411	99,777	1,16,258
Equity	36,386	51,267	59,913	61,914	65,405	68,263	75,165

Quarterly performance

last 32 quarters · ₹ crore

showing latest 8 of 32 periods

	MAR '18	SEP '18	DEC '18	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	13,178	14,860	15,699	16,427	17,527	18,135	18,587	17,842	18,594	19,302	19,641	20,068	20,655	22,331	22,597	23,464	24,686	26,700	26,606	26,296	26,672	28,446	28,499	28,057	28,862	29,890	30,349	31,942	33,872	33,981	34,579	35,620
Operating profit	3,022	3,463	3,632	3,570	4,259	4,629	4,858	4,757	5,118	5,624	4,549	5,062	5,022	5,393	5,053	4,975	5,425	6,365	5,863	5,365	5,929	6,787	6,117	5,793	6,369	6,860	6,035	6,545	7,412	6,712	6,870	7,477
Operating margin	22.9%	23.3%	23.1%	21.7%	24.3%	25.5%	26.1%	26.7%	27.5%	29.1%	23.2%	25.2%	24.3%	24.2%	22.4%	21.2%	22.0%	23.8%	22.0%	20.4%	22.2%	23.9%	21.5%	20.6%	22.1%	23.0%	19.9%	20.5%	21.9%	19.8%	19.9%	21.0%
Other income	302	284	134	183	102	157	147	295	199	189	244	255	240	255	317	409	236	260	453	344	365	370	416	1,103	456	477	456	415	385	322	361	234
Interest	19	30	55	87	136	158	124	125	80	147	159	89	83	82	65	64	79	116	94	86	156	140	171	191	131	166	209	215	205	240	84	194
Depreciation	429	511	541	735	747	942	996	1,065	1,092	1,187	1,267	1,128	1,078	1,136	984	983	998	1,137	1,027	927	1,010	1,143	1,093	998	1,007	1,039	1,093	1,043	1,127	1,092	1,039	1,012
Profit before tax	2,876	3,206	3,170	2,931	3,478	3,686	3,885	3,862	4,145	4,479	3,367	4,100	4,101	4,430	4,320	4,337	4,584	5,372	5,195	4,696	5,128	5,874	5,269	5,707	5,687	6,132	5,189	5,702	5,509	5,702	6,108	6,505
Tax	646	672	565	701	767	742	713	927	999	502	2,256	887	838	982	721	1,056	1,097	1,276	1,214	1,165	1,295	1,523	1,274	1,448	1,450	1,538	1,345	1,466	1,427	1,212	1,482	1,335
Net profit	2,228	2,534	2,605	2,230	2,711	2,944	3,172	2,931	3,143	3,969	1,102	3,205	3,259	3,442	3,593	3,283	3,489	4,096	3,983	3,534	3,832	4,350	0	4,257	4,235	4,591	3,843	4,235	4,076	4,488	4,624	5,132
EPS ₹	16.02	18.20	19.15	16.44	19.99	10.85	11.67	10.80	11.58	14.63	4.06	11.81	12.01	12.69	13.27	12.13	12.89	15.13	14.71	13.05	14.15	16.06	14.72	15.70	15.62	16.94	14.18	15.63	15.06	16.59	17.09	18.96
Revenue YoY	—	—	—	—	17.9%	15.5%	—	8.6%	6.1%	6.4%	5.7%	12.5%	11.1%	15.7%	15.1%	16.9%	19.5%	19.6%	17.7%	12.1%	8.0%	6.5%	7.1%	6.7%	8.2%	5.1%	8.2%	10.7%	13.3%	—	13.9%	11.5%
Profit YoY	—	—	—	—	7.0%	13.0%	—	31.4%	15.9%	34.8%	-65.3%	9.3%	3.7%	-13.3%	226.0%	2.4%	7.1%	19.0%	10.9%	7.6%	9.8%	6.2%	-100.0%	20.5%	10.5%	5.5%	-9.7%	0.0%	-11.2%	—	20.3%	21.2%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

HCL Technologies Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	4,637	4,894	6,176	8,284	10,979	15,837	17,459	17,899	19,318
Operating profit	973	1,350	1,327	2,297	3,883	6,536	7,826	6,793	7,920
Operating margin	21.0%	27.6%	21.5%	27.7%	35.4%	41.3%	44.8%	38.0%	41.0%
Other income	254	174	154	154	182	598	1,105	1,077	891
Interest	11	96	102	99	86	73	69	60	56
Depreciation	245	267	289	334	402	498	343	363	479
Profit before tax	971	1,160	1,091	2,018	3,577	6,657	8,519	7,447	8,276
Tax	180	148	41	341	661	1,208	1,625	1,278	1,403
Net profit	791	1,012	1,050	1,677	2,916	5,449	6,894	6,169	6,873

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	1,103	1,129	1,276	1,108	1,176	1,305	1,049	1,146	1,247	1,214	1,287	1,331	1,498	1,649	1,698	1,949	1,979	2,191	2,165	2,572	2,697	2,766	2,944	4,111	3,844	3,836	4,046	4,771	4,054	4,248	4,386	4,466	4,350	4,471	4,612	4,609	4,706	4,889	5,114	5,179	5,460	5,723
Operating profit	287	282	311	62	289	417	204	297	381	327	344	313	278	368	368	503	531	684	580	872	945	1,026	1,040	1,640	1,623	1,562	1,711	2,414	1,797	1,865	1,749	1,573	1,577	1,786	1,857	2,109	1,962	2,011	1,838	2,112	2,299	2,541
Operating margin	26.0%	25.0%	24.4%	5.6%	24.6%	32.0%	19.5%	26.0%	30.5%	27.0%	26.7%	23.5%	18.6%	22.3%	21.7%	25.8%	26.8%	31.2%	26.8%	33.9%	35.1%	37.1%	35.3%	39.9%	42.2%	40.7%	42.3%	50.6%	44.3%	43.9%	39.9%	35.2%	36.3%	39.9%	40.3%	45.8%	41.7%	41.1%	35.9%	40.8%	42.1%	44.4%
Other income	43	56	36	35	50	126	44	46	48	46	34	36	42	39	38	47	50	25	32	38	44	40	60	175	114	140	170	235	365	253	252	205	267	362	244	220	238	202	231	199	162	143
Interest	4	6	6	3	3	3	2	20	15	36	25	25	26	25	25	25	22	22	29	24	23	20	20	14	18	22	19	22	21	12	12	14	17	15	14	10	2	9	34	6	5	6
Depreciation	50	53	56	59	62	61	62	66	68	67	65	73	73	72	70	76	82	86	90	95	101	104	103	135	124	120	119	127	69	72	75	84	89	96	94	93	102	123	160	131	184	294
Profit before tax	276	280	286	34	274	479	184	257	345	269	289	250	221	309	312	449	476	601	493	791	866	942	977	1,759	1,595	1,560	1,743	2,500	2,072	2,033	1,914	1,679	1,739	2,037	1,992	2,225	2,096	2,080	1,875	2,174	2,272	2,384
Tax	12	13	23	48	21	81	32	64	44	14	26	12	26	23	-20	63	79	107	92	133	166	218	144	312	304	263	330	517	389	370	349	244	334	383	317	426	405	419	153	412	482	415
Net profit	264	267	263	-14	254	398	153	193	301	255	263	238	195	286	332	386	398	494	400	659	700	725	833	1,447	1,291	1,298	1,413	1,983	1,683	1,663	1,565	1,435	1,405	1,654	1,675	1,799	1,691	1,662	1,721	1,762	1,790	1,969
EPS ₹	3.98	4.02	3.96	-0.21	3.80	5.95	2.28	2.88	4.49	3.80	3.89	3.51	2.87	4.19	4.84	5.61	5.77	7.16	5.78	9.51	10.09	10.44	11.99	20.78	18.52	18.58	20.20	28.34	24.02	23.71	11.13	10.21	9.99	11.75	11.88	12.76	11.98	11.78	12.06	12.35	12.84	14.14
Revenue YoY	—	—	—	—	6.6%	15.6%	-17.8%	3.4%	6.1%	-7.0%	22.7%	16.2%	20.1%	35.9%	31.9%	46.5%	32.1%	32.9%	27.5%	31.9%	36.3%	26.2%	36.0%	59.8%	42.5%	38.7%	37.4%	16.1%	5.5%	10.7%	8.4%	-6.4%	7.3%	5.3%	5.2%	3.2%	8.2%	9.3%	10.9%	12.4%	16.0%	17.1%
Profit YoY	—	—	—	—	-3.9%	49.1%	-42.0%	—	18.5%	-35.8%	72.1%	23.3%	-35.2%	12.0%	26.4%	62.1%	104.0%	72.7%	20.6%	70.8%	76.0%	46.7%	108.2%	119.7%	84.5%	79.1%	69.6%	37.0%	30.3%	28.2%	10.8%	-27.6%	-16.5%	-0.6%	7.1%	25.4%	20.4%	0.5%	2.7%	-2.1%	5.9%	18.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 23 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	21.6%	22.9%	23.8%	25.8%	18.6%	19.1%	19.3%	18.4%	21.8%	21.9%	22.5%	23.6%	22.7%	23.1%	23.5%	23.9%	17.2%	18.2%	18.6%	19.0%	22.1%	23.2%	24.1%
ROCE	25.9%	27.6%	28.7%	30.1%	25.6%	26.0%	25.9%	25.7%	26.2%	26.5%	27.4%	28.9%	29.3%	29.9%	30.6%	31.4%	30.5%	32.1%	32.6%	33.0%	30.5%	31.6%	31.9%
Net margin	15.6%	16.3%	16.7%	17.8%	14.8%	14.7%	14.5%	13.3%	15.8%	15.2%	14.8%	14.8%	14.6%	14.5%	14.5%	14.5%	10.7%	11.1%	11.3%	11.3%	12.8%	13.0%	13.3%
EBITDA margin	24.5%	25.7%	26.5%	27.4%	26.6%	26.2%	25.4%	24.2%	24.0%	23.0%	22.4%	22.4%	22.3%	22.1%	22.1%	22.2%	22.0%	22.1%	22.0%	21.8%	20.5%	20.5%	20.6%
Debt / equity	0.09	0.09	0.09	0.09	0.07	0.07	0.07	0.07	0.06	0.06	0.07	0.07	0.03	0.03	0.04	0.04	0.03	0.03	0.03	0.03	0.00	0.00	0.01
Interest coverage	28.68	28.46	32.99	35.39	32.02	34.88	34.57	39.74	54.14	59.46	61.93	58.45	56.21	53.93	46.11	44.89	38.92	34.40	36.60	35.59	26.43	31.94	33.95
Asset turnover	0.85	0.87	0.88	0.90	0.87	0.90	0.92	0.96	0.96	1.00	1.05	1.10	1.09	1.12	1.14	1.15	1.10	1.12	1.14	1.16	1.12	1.16	1.15

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	JUN '14‡	MAR '15‡	JUN '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	140	281	281	282	285	278	271	543	543	543	543	543	543	543	543	543	543	543
Other equity / reserves	19,402	23,943	23,943	27,109	32,664	36,108	30,168	50,724	59,370	61,371	60,698	64,862	65,140	67,720	68,332	70,706	74,622	75,549
Total equity	19,542	24,224	24,224	27,391	32,949	36,386	30,439	51,267	59,913	61,914	61,241	65,405	65,683	68,263	68,875	71,249	75,165	76,092
Borrowings	406	523	523	952	438	380	—	4,693	3,907	3,985	4,266	2,251	2,403	2,327	2,297	2,359	159	954
Current liabilities	—	—	—	—	—	—	—	—	17,383	18,775	18,744	21,431	20,685	22,726	21,626	28,840	31,826	35,594
Non-current liabilities	—	—	—	—	—	—	—	—	8,729	8,252	8,535	6,582	7,220	8,780	9,250	8,462	9,235	8,702
Total assets	29,980	35,245	35,245	39,341	45,762	48,023	37,456	82,906	86,194	89,033	88,515	93,411	93,579	99,777	99,763	1,08,573	1,16,258	1,20,422
Property, plant & equipment	2,658	3,404	3,404	3,595	3,998	4,560	3,507	5,494	5,642	5,612	5,434	5,371	5,257	4,891	4,596	4,532	4,657	4,917
Capital work-in-progress	531	552	552	611	448	320	212	400	312	129	97	40	56	108	172	106	60	58
Investments	662	869	869	552	1,180	2,660	—	7,066	6,862	6,351	5,205	5,495	5,583	7,137	7,642	6,265	7,090	4,467
Inventories	122	158	158	264	276	172	—	91	94	161	220	228	136	185	174	160	239	227
Receivables	5,683	6,539	6,539	7,721	8,301	9,639	—	14,131	14,773	16,548	25,055	26,187	24,273	26,145	25,402	27,622	32,142	32,727
Cash & equivalents	8,807	9,786	9,786	733	1,321	1,699	—	4,848	6,521	10,510	6,810	9,065	8,074	9,456	9,404	9,488	8,265	10,046

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	Jun '14‡	FY15‡	Jun '15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY26
Cash from operations	6,457	5,539	5,539	3,823	8,995	8,328	8,676	13,359	19,618	16,900	18,009	22,448	19,975
Cash from investing	-4,840	-2,014	-2,014	-2,189	-3,833	-2,283	995	-12,374	-5,730	1,477	-3,931	-6,723	-1,473
Cash from financing	-1,308	-3,140	-3,140	-2,237	-4,517	-5,714	-5,335	-3,168	-11,192	-14,508	-15,881	-15,464	-19,369
Capex	720	1,208	1,208	942	3,921	5,344	2,312	1,866	1,904	1,645	1,661	1,048	1,422
Free cash flow	5,737	4,331	4,331	2,881	5,074	2,984	6,364	11,493	17,714	15,255	16,348	21,400	18,553
Dividends paid	1,118	2,385	2,385	2,251	3,386	1,691	1,321	1,357	3,256	11,389	12,995	14,073	14,618

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹4,917 cr4%

CWIP

₹58 cr0%

Investments

₹4,467 cr4%

Inventories

₹227 cr0%

Receivables

₹32,727 cr27%

Cash & equivalents

₹10,046 cr8%

Other assets

₹67,980 cr56%

Peer comparison

largest in Information Technology · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Tata Consultancy Services Ltd.	9,04,457	2,498.50	17.5	7.60	43.4%
Infosys Ltd.	4,78,703	1,181.40	15.6	4.83	31.0%
HCL Technologies Ltd.	3,90,960	1,440.00	21.3	5.14	24.1%
Wipro Ltd.	1,96,119	198.00	14.9	2.48	16.7%
Tech Mahindra Ltd.	1,62,227	1,831.00	35.2	5.47	15.5%
LTM Ltd.	1,28,405	4,338.00	24.6	4.96	20.2%
Persistent Systems Ltd.	95,494	6,053.50	72.3	11.12	15.4%
Coforge Ltd.	91,967	2,076.00	47.7	4.11	8.6%
Oracle Financial Services Software Ltd.	89,075	10,215.00	25.0	11.59	46.4%
MphasiS Ltd.	48,121	2,520.00	24.0	4.46	18.5%

StoxGud checklist: Bullish setup · 8/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+21.5%

6 months+21.7%

1 year-7.5%

3Y CAGR+4.3%

5Y CAGR+4.0%

10Y CAGR+13.4%

50-day avg₹1,308.91

200-day avg₹1,319.69

RSI (14)66

Long-term financials (FY13–FY16)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY16	₹31,673 Cr	₹6,969 Cr	₹5,643 Cr
FY15	₹37,838 Cr	₹9,117 Cr	₹7,317 Cr
FY13	₹25,929 Cr	₹5,270 Cr	₹4,040 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare HCL Technologies Ltd. with

Tata Consultancy Services vs HCL Technologies Infosys vs HCL Technologies HCL Technologies vs Wipro HCL Technologies vs Tech Mahindra

FAQs

What is the share price of HCL Technologies Ltd.?

HCL Technologies Ltd. (HCLTECH) closed at ₹1,440.00 on NSE on 06 Nov 2026.

What is the market cap of HCL Technologies Ltd.?

₹3,90,960 crore at the latest close.

What is the P/E ratio of HCL Technologies Ltd.?

21.3, on trailing-twelve-month earnings from its filings.

How fast is HCL Technologies Ltd. growing?

HCL Technologies Ltd.: revenue has compounded at 15.0% a year over three years; net profit at 7.2% a year. Latest-quarter revenue is up 11.5% year on year, profit up 21.2%.

How profitable is HCL Technologies Ltd.?

On a trailing-twelve-month basis return on equity is 24.1%, return on capital employed 31.9%, operating margin 20.6%, net margin 13.3%.

How much debt does HCL Technologies Ltd. have?

HCL Technologies Ltd. is debt-free: debt to equity is 0.01 with borrowings of ₹954 cr against cash of ₹10,046 cr (balance sheet of 2026-09-30). Operating profit covers interest 34.0 times.

Financials parsed from HCL Technologies Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Jun '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.