HCL Technologies Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 24%)
- ✓Efficient capital deployment (ROCE 30.6%)
- ✓Attractively valued vs sector (P/E 18x vs industry 41x)
- ✓Virtually debt-free
- ✓Regular dividends — yield 4.5%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services Limited | ₹2,207 | ₹8.2L Cr | 15.3 | 7.46 | 51.8 | 63 | 0.11 |
| INFY Infosys Limited | ₹1,052 | ₹4.4L Cr | 14.8 | 4.59 | 31.9 | 40 | 0.1 |
| WIPRO Wipro Limited | ₹174 | ₹1.7L Cr | 13.2 | 2.08 | 15.5 | 17.8 | 0.23 |
| TECHM Tech Mahindra Limited | ₹1,558 | ₹1.5L Cr | 29 | 5.16 | 17.5 | 23.1 | 0.07 |
| LTM LTM Limited | ₹3,973 | ₹1.2L Cr | 21.6 | 4.9 | 23.1 | 29.6 | 0.1 |
| OFSS Oracle Financial Services Software Limited | ₹10,777 | ₹1.0L Cr | 38.8 | 11.99 | 32.6 | 45.3 | 0 |
| PERSISTENT Persistent Systems Limited | ₹5,080 | ₹82K Cr | 42.4 | 10.22 | 27.2 | 34.4 | 0.06 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
HCLTECH · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 60.82% | 60.82% | 60.82% | 60.82% | 60.82% | 60.82% |
| FII | 19.42% | 19.65% | 18.45% | 18.67% | 19.38% | 19.15% |
| DII | 15.12% | 14.95% | 15.77% | 15.78% | 15.21% | 15.44% |
| Public | 4.40% | 4.35% | 4.65% | 4.53% | 4.42% | 4.37% |
| Govt | 0.02% | 0.02% | 0.02% | 0.02% | 0.04% | 0.04% |
| Others | 0.21% | 0.21% | 0.28% | 0.18% | 0.13% | 0.18% |
Corporate Events
Interim Dividend - Rs 12 Per Share
To consider and approve the financial results for the period ended Jun 30, 2026 and dividend
Interim Dividend - Rs 24 Per Share
Record: 24 Apr 2026
Interim Dividend - Rs 12 Per Share
Record: 16 Jan 2026
Interim Dividend - Rs 12 Per Share
Interim Dividend - Rs 12 Per Share
Interim Dividend - Rs 18 Per Share
Interim Dividend - Rs 12 Per Share Special Dividend - Rs 6 Per Share
Interim Dividend - Rs 12 Per Share
Interim Dividend - Rs 12 Per Share
Latest News
All news →208 firms including Coal India, Maruti set Q4 results
*208 listed firms to announce Q4 FY25 results between April 27-May 2.* Major announcements from **Coal India, Maruti Suzuki, Vedanta, and HUL** expected next week. This earnings calendar will drive significant market volatility with individual stock reactions dependent on beat/miss performance. Options traders should monitor IV expansion ahead of key results. 📊 *STOCKS:* COALINDIA | MARUTI | VEDANTA | HCLTECH | 🏢 *SECTOR:* MultiSector | #HIGHIMPACT #EarningsCalendar
HCLTech growth forecast slowdown drags IT stocks lower
*HCLTech forecasts slower growth, triggering broad selloff in IT sector*. The company's cautious outlook has weighed on Indian indices Sensex and Nifty, with IT stocks trading under pressure. This earnings-related guidance miss signals potential challenges across the IT services space. Traders should watch for cascading downgrades among peer IT majors in coming sessions. 📊 *STOCKS:* HCLTECH | 🏢 *SECTOR:* IT | #HIGHIMPACT #Earnings
HCL Tech crashes 10% as brokerages downgrade stock
*HCL Tech share price crashes over 10%; Rs 38,000 crore gone from market cap as brokerages downgrade stock.* Multiple brokerages have downgraded HCL Tech, triggering a sharp selloff that wiped out **₹38,000 crore** in market value. The **10%+ crash** signals analyst concerns about growth trajectory and valuations. This is a significant trigger for F&O traders to reassess positions. 📊 *STOCKS:* $HCLTECH | 🏢 *SECTOR:* IT | #HIGHIMPACT #downgrade
HCL Tech bags new contracts
*HCL Tech bags new contracts*. HCL Technologies has secured new client orders, as disclosed in a regulatory filing. The details including contract value and sectors involved were not specified. Such wins reinforce its order pipeline and revenue visibility. 📊 *STOCKS:* HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #orders
HCLTech partners with ServiceNow and Google Cloud for AI solutions
*HCLTech partners with ServiceNow and Google Cloud to scale enterprise AI solutions.* The collaboration aims to accelerate digital transformation for global clients using **AI and cloud technologies**. This strategic move enhances HCLTech’s service offerings in the competitive IT space. 📊 *STOCKS:* HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
EIL and HCL sign MoA for strategic collaboration
*EIL and HCL sign MoA for strategic collaboration.* Engineers India Limited (EIL) and HCL Technologies signed a Memorandum of Agreement on June 24, 2026, to collaborate in engineering and digital solutions. The partnership aims to leverage **digital transformation** and **process optimization** in energy and infrastructure projects. Specific financial terms were not disclosed. 📊 *STOCKS:* EIL | 🏢 *SECTOR:* Engineering | #MEDIUMIMPACT #MoA
HCLTech wins Volkswagen Group contract for auto tech solutions
*HCLTech wins Volkswagen Group contract for auto tech solutions* — HCL Technologies has been selected by Volkswagen Group’s s.e-solutions to drive innovation in next-gen automotive infotainment and connectivity. The partnership marks a strategic expansion of HCLTech’s footprint in the global auto-tech domain. Details of financial value were not disclosed. 📊 *STOCKS:* HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #IT
HCLTech achieves ISO/IEC 42001:2023 Certification for Responsible AI
*HCLTech achieves ISO/IEC 42001:2023 Certification for Responsible AI*. The certification highlights HCLTech's commitment to ethical and responsible use of AI across its services. While a positive brand signal, it does not imply immediate financial impact. The move strengthens its positioning in global AI-driven markets. 📊 *STOCKS:* HCLTECH | 🏢 *SECTOR:* IT | #LOWIMPACT #Certification
HCLTech wins $1.14B mega deal from EU client
*HCLTech wins $1.14B mega deal from EU client*. This marks the first mega deal in the Indian IT sector in three years. The contract strengthens HCLTech's order book and signals renewed client confidence. **$1.14B** win could boost revenue visibility and margin outlook. 📊 *STOCKS:* HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #IT
HCLTech named Dell's 2026 Americas Partner of the Year
*HCLTech named Dell's 2026 Americas Partner of the Year* — a recognition of its alliance performance. The award highlights strong collaboration with Dell in the Americas region. While positive for brand image, it does not imply immediate financial impact. 📊 *STOCKS:* HCLTECH | 🏢 *SECTOR:* IT | #LOWIMPACT #HCLTech
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹34.0K Cr ▲0.3% | ₹33.9K Cr ▲6.0% | ₹31.9K Cr ▲5.2% | ₹30.3K Cr ▲0.3% | ₹30.2K Cr ▲1.2% | ₹29.9K Cr ▲3.6% | ₹28.9K Cr ▲2.9% | ₹28.1K Cr |
| Op. Profit | ₹6.7K Cr ▼9.4% | ₹7.4K Cr ▲13.2% | ₹6.5K Cr ▲8.5% | ₹6.0K Cr ▼6.9% | ₹6.5K Cr ▼5.5% | ₹6.9K Cr ▲7.7% | ₹6.4K Cr ▲9.9% | ₹5.8K Cr |
| OPM | 20.0% ▼9.1% | 22.0% ▲10.0% | 20.0% ▲0.0% | 20.0% ▼4.8% | 21.0% ▼8.7% | 23.0% ▲4.5% | 22.0% ▲4.8% | 21.0% |
| Net Profit | ₹4.5K Cr ▲10.0% | ₹4.1K Cr ▼3.6% | ₹4.2K Cr ▲10.2% | ₹3.8K Cr ▼10.8% | ₹4.3K Cr ▼6.2% | ₹4.6K Cr ▲8.4% | ₹4.2K Cr ▼0.5% | ₹4.3K Cr |
| EPS (₹) | 16.54 ▲10.1% | 15.02 ▼3.8% | 15.61 ▲10.2% | 14.16 ▼10.8% | 15.87 ▼6.2% | 16.92 ▲8.4% | 15.61 ▼0.5% | 15.69 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.3L Cr ▲11.2% | ₹1.2L Cr ▲6.5% | ₹1.1L Cr ▲8.3% | ₹1.0L Cr ▲18.5% | ₹85.7K Cr ▲13.6% | ₹75.4K Cr ▲6.7% | ₹70.7K Cr ▲17.0% | ₹60.4K Cr ▲19.5% | ₹50.6K Cr ▲6.3% | ₹47.6K Cr |
| Expenses | ₹1.0L Cr ▲12.9% | ₹91.6K Cr ▲6.8% | ₹85.7K Cr ▲8.7% | ₹78.8K Cr ▲21.0% | ₹65.1K Cr ▲17.7% | ₹55.3K Cr ▲3.7% | ₹53.4K Cr ▲14.8% | ₹46.5K Cr ▲18.3% | ₹39.3K Cr ▲5.8% | ₹37.2K Cr |
| Op. Profit | ₹26.8K Cr ▲4.9% | ₹25.5K Cr ▲5.4% | ₹24.2K Cr ▲6.9% | ₹22.6K Cr ▲10.2% | ₹20.5K Cr ▲2.4% | ₹20.0K Cr ▲15.8% | ₹17.3K Cr ▲24.3% | ₹13.9K Cr ▲23.8% | ₹11.2K Cr ▲8.2% | ₹10.4K Cr |
| OPM | 21.0% ▼4.5% | 22.0% ▲0.0% | 22.0% ▲0.0% | 22.0% ▼8.3% | 24.0% ▼11.1% | 27.0% ▲12.5% | 24.0% ▲4.3% | 23.0% ▲4.5% | 22.0% ▲0.0% | 22.0% |
| Other Income | ₹574 Cr ▼76.9% | ₹2.5K Cr ▲66.2% | ₹1.5K Cr ▲10.1% | ₹1.4K Cr ▲27.3% | ₹1.1K Cr ▲15.1% | ₹927 Cr ▲57.4% | ₹589 Cr ▼37.5% | ₹943 Cr ▼23.3% | ₹1.2K Cr ▲15.1% | ₹1.1K Cr |
| Interest | ₹869 Cr ▲34.9% | ₹644 Cr ▲16.5% | ₹553 Cr ▲56.7% | ₹353 Cr ▲10.7% | ₹319 Cr ▼37.6% | ₹511 Cr ▲1.2% | ₹505 Cr ▲190.2% | ₹174 Cr ▲152.2% | ₹69 Cr ▼22.5% | ₹89 Cr |
| Depreciation | ₹4.4K Cr ▲6.6% | ₹4.1K Cr ▼2.1% | ₹4.2K Cr ▲0.7% | ₹4.1K Cr ▼4.2% | ₹4.3K Cr ▼6.2% | ₹4.6K Cr ▲34.8% | ₹3.4K Cr ▲65.0% | ₹2.1K Cr ▲49.9% | ₹1.4K Cr ▲67.0% | ₹828 Cr |
| PBT | ₹22.1K Cr ▼5.0% | ₹23.3K Cr ▲10.9% | ₹21.0K Cr ▲7.6% | ₹19.5K Cr ▲15.0% | ₹17.0K Cr ▲6.9% | ₹15.9K Cr ▲13.4% | ₹14.0K Cr ▲10.8% | ₹12.6K Cr ▲14.5% | ₹11.0K Cr ▲4.6% | ₹10.5K Cr |
| Tax % | 25.0% ▲0.0% | 25.0% ▲0.0% | 25.0% ▲4.2% | 24.0% ▲20.0% | 20.0% ▼33.3% | 30.0% ▲42.9% | 21.0% ▲5.0% | 20.0% ▼4.8% | 21.0% ▲16.7% | 18.0% |
| Net Profit | ₹16.7K Cr ▼4.3% | ₹17.4K Cr ▲10.8% | ₹15.7K Cr ▲5.8% | ₹14.8K Cr ▲9.8% | ₹13.5K Cr ▲21.1% | ₹11.2K Cr ▲1.0% | ₹11.1K Cr ▲9.3% | ₹10.1K Cr ▲16.0% | ₹8.7K Cr ▲1.3% | ₹8.6K Cr |
| EPS (₹) | 61.33 ▼4.3% | 64.08 ▲10.8% | 57.86 ▲5.7% | 54.73 ▲10.0% | 49.74 ▲21.1% | 41.07 ▲0.8% | 40.75 ▲9.2% | 37.31 ▲19.1% | 31.32 ▲3.8% | 30.16 |
| Div Payout | 88.0% ▼6.4% | 94.0% ▲4.4% | 90.0% ▲2.3% | 88.0% ▲4.8% | 84.0% ▲250.0% | 24.0% ▼4.0% | 25.0% ▲127.3% | 11.0% ▼42.1% | 19.0% ▼52.5% | 40.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹543 Cr ▲0.0% | ₹543 Cr ▲0.0% | ₹543 Cr ▲0.0% | ₹543 Cr ▲0.0% | ₹543 Cr ▲0.0% | ₹543 Cr ▲0.0% | ₹543 Cr ▲100.4% | ₹271 Cr ▼2.5% | ₹278 Cr ▼2.5% | ₹285 Cr |
| Reserves | ₹74.6K Cr ▲8.0% | ₹69.1K Cr ▲2.1% | ₹67.7K Cr ▲4.4% | ₹64.9K Cr ▲5.7% | ₹61.4K Cr ▲3.4% | ₹59.4K Cr ▲17.0% | ₹50.7K Cr ▲23.4% | ₹41.1K Cr ▲13.8% | ₹36.1K Cr ▲10.5% | ₹32.7K Cr |
| Borrowings | ₹5.2K Cr ▼16.9% | ₹6.3K Cr ▲9.0% | ₹5.8K Cr ▲20.1% | ₹4.8K Cr ▼24.4% | ₹6.3K Cr ▼7.6% | ₹6.9K Cr ▼14.0% | ₹8.0K Cr ▲90.4% | ₹4.2K Cr ▲653.1% | ₹557 Cr ▼4.3% | ₹582 Cr |
| Other Liabilities | ₹35.9K Cr ▲25.7% | ₹28.5K Cr ▲14.3% | ₹25.0K Cr ▲8.4% | ₹23.1K Cr ▲11.6% | ₹20.7K Cr ▲7.2% | ₹19.3K Cr ▼18.2% | ₹23.6K Cr ▲84.3% | ₹12.8K Cr ▲15.8% | ₹11.0K Cr ▼9.7% | ₹12.2K Cr |
| Total Liabilities | ₹1.2L Cr ▲11.3% | ₹1.0L Cr ▲5.5% | ₹99.0K Cr ▲6.2% | ₹93.3K Cr ▲4.9% | ₹88.9K Cr ▲3.3% | ₹86.0K Cr ▲3.9% | ₹82.8K Cr ▲41.9% | ₹58.3K Cr ▲21.6% | ₹48.0K Cr ▲4.9% | ₹45.8K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹37.4K Cr ▲3.3% | ₹36.2K Cr ▲3.2% | ₹35.1K Cr ▲1.3% | ₹34.6K Cr ▼1.3% | ₹35.1K Cr ▼5.6% | ₹37.1K Cr ▼0.9% | ₹37.5K Cr ▲63.8% | ₹22.9K Cr ▲22.0% | ₹18.8K Cr ▲23.1% | ₹15.2K Cr |
| CWIP | ₹60 Cr ▲1.7% | ₹59 Cr ▼45.4% | ₹108 Cr ▲170.0% | ₹40 Cr ▼69.0% | ₹129 Cr ▼58.7% | ₹312 Cr ▼22.0% | ₹400 Cr ▲70.2% | ₹235 Cr ▼26.6% | ₹320 Cr ▼28.6% | ₹448 Cr |
| Investments | ₹7.1K Cr ▼6.3% | ₹7.6K Cr ▲6.0% | ₹7.1K Cr ▲29.9% | ₹5.5K Cr ▼13.5% | ₹6.4K Cr ▼7.4% | ₹6.9K Cr ▼2.9% | ₹7.1K Cr ▲206.6% | ₹2.3K Cr ▼13.3% | ₹2.7K Cr ▲103.7% | ₹1.3K Cr |
| Other Assets | ₹71.7K Cr ▲18.2% | ₹60.7K Cr ▲7.0% | ₹56.7K Cr ▲6.8% | ₹53.1K Cr ▲12.1% | ₹47.4K Cr ▲13.5% | ₹41.7K Cr ▲10.2% | ₹37.9K Cr ▲15.0% | ₹32.9K Cr ▲25.4% | ₹26.3K Cr ▼8.7% | ₹28.8K Cr |
| Total Assets | ₹1.2L Cr ▲11.3% | ₹1.0L Cr ▲5.5% | ₹99.0K Cr ▲6.2% | ₹93.3K Cr ▲4.9% | ₹88.9K Cr ▲3.3% | ₹86.0K Cr ▲3.9% | ₹82.8K Cr ▲41.9% | ₹58.3K Cr ▲21.6% | ₹48.0K Cr ▲4.9% | ₹45.8K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹20.0K Cr ▼10.3% | ₹22.3K Cr ▼0.8% | ₹22.4K Cr ▲24.6% | ₹18.0K Cr ▲6.6% | ₹16.9K Cr ▼13.9% | ₹19.6K Cr ▲46.9% | ₹13.4K Cr ▲48.9% | ₹9.0K Cr ▲7.7% | ₹8.3K Cr ▼7.4% | ₹9.0K Cr |
| Investing CF | ₹-1.5K Cr ▲69.9% | ₹-4.9K Cr ▲25.9% | ₹-6.6K Cr ▼84.9% | ₹-3.6K Cr ▼323.7% | ₹1.6K Cr ▲128.2% | ₹-5.7K Cr ▲54.1% | ₹-12.3K Cr ▼278.7% | ₹-3.3K Cr ▼45.6% | ₹-2.2K Cr ▲42.5% | ₹-3.9K Cr |
| Financing CF | ₹-19.4K Cr ▼4.4% | ₹-18.6K Cr ▼20.0% | ₹-15.5K Cr ▲2.6% | ₹-15.9K Cr ▼9.5% | ₹-14.5K Cr ▼29.6% | ₹-11.2K Cr ▼253.3% | ₹-3.2K Cr ▼115.4% | ₹-1.5K Cr ▲74.3% | ₹-5.7K Cr ▼26.5% | ₹-4.5K Cr |
| Net Cash Flow | ₹-867 Cr ▲27.5% | ₹-1.2K Cr ▼418.1% | ₹376 Cr ▲126.0% | ₹-1.4K Cr ▼136.2% | ₹4.0K Cr ▲44.5% | ₹2.8K Cr ▲229.0% | ₹-2.1K Cr ▼150.4% | ₹4.2K Cr ▲1022.8% | ₹378 Cr ▼35.7% | ₹588 Cr |
| Free Cash Flow | ₹18.6K Cr ▼12.3% | ₹21.2K Cr ▼1.2% | ₹21.4K Cr ▲29.4% | ₹16.6K Cr ▲8.0% | ₹15.3K Cr ▼14.1% | ₹17.9K Cr ▲54.9% | ₹11.5K Cr ▲108.2% | ₹5.5K Cr ▲84.1% | ₹3.0K Cr ▼42.0% | ₹5.2K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66d ▼18.5% | 81d ▼4.7% | 85d ▼7.6% | 92d ▲4.5% | 88d ▲3.5% | 85d ▲16.4% | 73d ▲2.8% | 71d ▲1.4% | 70d ▲9.4% | 64d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 66d ▼18.5% | 81d ▼4.7% | 85d ▼7.6% | 92d ▲4.5% | 88d ▲3.5% | 85d ▲16.4% | 73d ▲2.8% | 71d ▲1.4% | 70d ▲9.4% | 64d |
| Working Capital Days | 43d ▲152.9% | 17d ▼45.2% | 31d ▼27.9% | 43d ▼2.3% | 44d ▼8.3% | 48d ▲242.9% | 14d ▼68.2% | 44d ▼24.1% | 58d ▲52.6% | 38d |
| ROCE | 31.0% ▼3.1% | 32.0% ▲6.7% | 30.0% ▲7.1% | 28.0% ▲12.0% | 25.0% ▼3.8% | 26.0% ▼3.7% | 27.0% ▼12.9% | 31.0% ▲0.0% | 31.0% ▼8.8% | 34.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About HCL Technologies Limited
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.
Information Technology · IT - Software