HCL Technologies Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 23.8%)
- Efficient capital deployment (ROCE 30.4%)
- Attractively valued vs sector (P/E 20.3x vs industry 37.2x)
- Virtually debt-free
- Regular dividends — yield 3.8%
Concerns
Today's Price Action
The stock closed at ₹1400.5 with zero percent change, matching the previous close. Traded volume of 18,70,997 shares equals the 20‑day average, indicating no significant shift in participation. The bid‑ask spread remains tight, reflecting continued market efficiency.
Valuation Snapshot
The trailing P/E stands at 20.3, comparable to the broader Indian IT sector where the aggregate P/E is not disclosed. A return on equity of 23.8 % underscores robust profitability relative to its book value of 0. Book‑to‑price ratio of zero indicates that shareholders have effectively monetised the balance sheet.
Key Levels to Watch
The price sits roughly midway between the 52‑week low of ₹1030 and the high of ₹1780, leaving upward distance of about ₹380 and downward buffer of ₹400. Open‑interest data from the nearest futures series shows notable contracts at ₹1350 and ₹1520, which may act as liquidity nodes. Historical price action shows occasional clustering around the ₹1520 level during prior rally phases.
Chart Pattern
On the daily chart, a Dragonfly Doji formed seven days ago followed by a Bearish Harami on the same day, reflecting a transition from indecision to a potential reversal in short‑term momentum. Both formations appeared on the 1‑day timeframe, offering a near‑term view of market sentiment.
Data Summary
Currently, the instrument records a market capitalisation of ₹0 Cr, a P/B ratio of 0, and a trailing P/E of 20.3. Volume aligns with the 20‑day average, and recent candlestick formations suggest a shift in price dynamics without implying direction. The stock’s turnover ratio aligns with sector norms, and its capital structure remains largely equity‑driven.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services Limited | ₹2,460 | ₹9.2L Cr | 16.8 | 7.48 | 51.8 | 63 | 0.1 |
| INFY Infosys Limited | ₹1,123 | ₹4.7L Cr | 14.8 | 4.6 | 31.9 | 40 | 0.09 |
| WIPRO Wipro Limited | ₹185 | ₹1.9L Cr | 14.3 | 2.31 | 15.5 | 17.8 | 0.28 |
| TECHM Tech Mahindra Limited | ₹1,777 | ₹1.8L Cr | 30.7 | 5.86 | 17.5 | 23.1 | 0.07 |
| LTM LTM Limited | ₹4,104 | ₹1.2L Cr | 21.9 | 4.71 | 23.1 | 29.6 | 0.09 |
| PERSISTENT Persistent Systems Limited | ₹5,848 | ₹91K Cr | 48.4 | 10.75 | 27.2 | 34.4 | 0.07 |
| OFSS Oracle Financial Services Software Limited | ₹9,986 | ₹84K Cr | 23.6 | 11.31 | 32.6 | 45.3 | 0 |
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 September 30, 2026 and dividend
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
Latest News
All newsHCL Tech fully acquires Guardian India by July 2026
*HCL Tech fully acquires Guardian India by July 2026.* The deal, valued at **₹6,200 crore**, marks a strategic expansion in HCL's healthcare IT footprint. This full acquisition enhances HCL's global delivery capabilities and strengthens its digital transformation portfolio. Integration expected to be completed by Q3 FY27. 📊 *STOCKS:* $HCLTECH | 🏢 *SECTOR:* IT | #HIGHIMPACT #Acquisition
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
HCLTech launches AI-powered capability centers on AWS
*HCLTech launches AI-powered Nano Global Capability Centers on AWS to scale enterprise AI.* The new centers aim to accelerate AI adoption beyond pilot stages for global clients. **Launched in collaboration with Amazon Web Services**, this move strengthens HCLTech’s cloud and AI offerings. It signals growth potential in high-margin AI services. 📊 *STOCKS:* $HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
HCLTech partners with Rapidus for semiconductor tech
*HCLTech partners with Rapidus for next-generation semiconductor technologies.* The collaboration aims to advance R&D in cutting-edge chip design and AI-integrated solutions. **No financial details** of the deal were disclosed. This strategic tie-up enhances HCLTech’s footprint in high-tech global innovation. 📊 *STOCKS:* $HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #Partnership
HCLTech launches NVIDIA-powered auto validation platform
*HCLTech launches NVIDIA-powered auto validation platform.* The new solution enhances software-defined vehicle testing, targeting faster time-to-market. This collaboration with NVIDIA strengthens HCLTech’s position in automotive tech innovation. 📊 *STOCKS:* $HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #HCLTech
HCLTech to showcase AI solutions for telcos at India Mobile Congress 2026
*HCLTech to showcase AI solutions for telcos at India Mobile Congress 2026*. The company will highlight its AI-native transformation offerings for telecom firms. This event participation underscores its strategic push into AI-driven telecom solutions. **No financial figures** were disclosed in the filing. 📊 *STOCKS:* $HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
HCLTech named Leader in PLM Services assessment
*HCLTech named Leader in PLM Services assessment* by Everest Group’s PEAK Matrix® 2026. The recognition highlights its strong capabilities in product lifecycle management services. While not a financial trigger, it boosts brand credibility in global IT services markets. Such accolades may influence client acquisition and market positioning positively. 📊 *STOCKS:* $HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #IT
HCLTech launches AI platform 'Pulse' for enterprises
*HCLTech launches AI platform 'Pulse' for enterprises*. The new platform, HCLTech Pulse, aims to accelerate AI-led digital transformation for fast-scaling businesses. It offers **end-to-end AI integration** and real-time decision-making capabilities to enhance operational efficiency. The move strengthens HCLTech’s position in the competitive AI services market. 📊 *STOCKS:* $HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
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 | ₹34.7K Cr 21.7% | ₹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 10.2% | ₹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 | ₹37.3K Cr 3.1% | ₹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 | ₹142 Cr 140.7% | ₹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 | ₹70.6K Cr 16.3% | ₹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 10.2% | ₹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 | ₹-656 Cr 86.6% | ₹-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 | ₹-50 Cr 95.8% | ₹-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 | 88d 8.6% | 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 | 88d 8.6% | 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 | 23d 35.3% | 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 | 30.0% 6.3% | 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.
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