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 19.4x vs industry 40.1x)
- Virtually debt-free
- Regular dividends — yield 4.2%
Concerns
Today's Price Action
The stock is trading at ₹1,293.4, unchanged from the prior session. The daily traded volume of 22,09,399 shares matches the 20‑day average, indicating that participation levels remain consistent with recent history.
Valuation Snapshot
The current price‑to‑earnings multiple stands at 19.7, which is comparable to the broader IT sector’s median valuation. A price‑to‑book ratio of 0.9 together with a return on equity of 23.8 % reflects a solid earnings yield relative to the company’s book value.
Key Levels to Watch
The 52‑week price range spans ₹1,030 at the low to ₹1,780 at the high, placing the market price roughly 46 % above the annual trough and 27 % below the peak. Open‑interest data from the nearest options expiry shows a concentration of contract open interest around the ₹1,250 and ₹1,350 strikes, which may act as short‑term support and resistance zones.
Chart Pattern
In the daily timeframe, the last ten sessions have produced an Evening Star pattern two days ago, a Bearish Harami three days ago, and another Evening Star ten days ago. Both formations are classic reversal signals that suggest a potential shift in the prevailing price momentum.
Data Summary
Key metrics include a market capitalization reported as ₹0 Cr, a P/E of 19.7, and a ROE of 23.8 %, while the stock’s price sits midway within its annual range. Volume remains in line with the 20‑day average, and multiple bearish candlestick patterns have emerged in the recent daily charts.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services Limited | ₹2,304 | ₹8.3L Cr | 15.5 | 7.78 | 51.8 | 63 | 0.11 |
| INFY Infosys Limited | ₹1,130 | ₹4.6L Cr | 14.7 | 5.02 | 31.9 | 40 | 0.1 |
| WIPRO Wipro Limited | ₹176 | ₹1.7L Cr | 13.2 | 2.1 | 15.5 | 17.8 | 0.23 |
| TECHM Tech Mahindra Limited | ₹1,597 | ₹1.6L Cr | 29.4 | 5.29 | 17.5 | 23.1 | 0.07 |
| LTM LTM Limited | ₹4,554 | ₹1.4L Cr | 24.1 | 5.62 | 23.1 | 29.6 | 0.1 |
| OFSS Oracle Financial Services Software Limited | ₹12,058 | ₹1.1L Cr | 30.8 | 13.41 | 32.6 | 45.3 | 0 |
| PERSISTENT Persistent Systems Limited | ₹5,643 | ₹89K Cr | 44.7 | 11.35 | 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 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 partners NSW for AI traffic insights in India
*HCLTech partners NSW for AI traffic insights in India.* The collaboration with Transport for NSW aims to explore AI-powered solutions for traffic management in Indian cities. This strategic initiative highlights HCLTech’s expanding footprint in smart urban technologies. The move reinforces its focus on global digital transformation projects. 📊 *STOCKS:* $HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
HCLTech partners with WACKER to set up Global Capability Center in India
*HCLTech partners with WACKER to set up Global Capability Center in India.* The collaboration aims to drive digital transformation and innovation for WACKER’s global operations. This strategic partnership strengthens HCLTech’s footprint in the German industrial sector. **No financial details** of the deal were disclosed. 📊 *STOCKS:* $HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #Partnership
HCL Technologies announces stock buyback and dividend payout
*HCL Technologies announces stock buyback and dividend payout.* The company approved a **₹3,600 crore** buyback and declared a special dividend of **₹7 per share**. This move aims to return value to shareholders amid strong cash reserves. The buyback is expected to be completed within 12 months. 📊 *STOCKS:* $HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #Buyback
HCLTech, NetApp expand hybrid cloud storage partnership
*HCLTech, NetApp expand hybrid cloud storage partnership* to boost enterprise AI adoption. The expanded collaboration offers scalable storage-as-a-service solutions across global markets. This strengthens HCLTech’s position in the growing hybrid cloud segment. 📊 *STOCKS:* $HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #Partnership
HCLTech named Leader in Gartner 2026 Cloud Report
*HCLTech named Leader in Gartner 2026 Cloud Report* — HCL Technologies has been recognized as a Leader in the 2026 Gartner Magic Quadrant for Public Cloud Optimization and Transformation Services. This positions HCLTech among top global players in cloud transformation. The recognition may enhance its client acquisition and market credibility. 📊 *STOCKS:* $HCLTECH | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #IT
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
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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