HCL Technologies

    HCLTECH
    IT
    ₹1253.70
    price as of 15/9/2026, 6:27:52 pm

    Market cap ₹3.39 L Cr

    P/E
    19.50
    Day range
    ₹1,250.00 – ₹1,290.00
    52-week range
    ₹1,030.00 – ₹1,780.10
    Volume
    44.43 L
    Open
    ₹1,252.00
    Prev close
    ₹1,206.10

    Key metrics

    P/E (TTM)
    18.7
    EPS (TTM)
    ₹64.26
    ROE (FY26)
    23.0%
    ROCE (latest year)
    30%
    Dividend yield
    5.00%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +8.7%
    Profit 3Y CAGR
    +3.9%
    Revenue YoY (Jun 2026)
    +13.9%
    Profit YoY (Jun 2026)
    +20.3%
    Operating margin
    20.0%
    Net margin
    13.4%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr9.0K Cr18.0K Cr27.0K Cr36.0K Cr0%6%12%18%24%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • DII
    • FII
    • Public
    • Others
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-30.0KCr-15.0KCr0 Cr15.0K Cr30.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%8%16%24%32%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr20.0K Cr40.0K Cr60.0K Cr80.0K Cr0.0x0.0x0.1x0.1x0.2x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales26,67228,44628,49928,05728,86229,89030,24630,34931,94233,87233,98134,579
    Expenses20,74321,65922,38222,26422,49323,03023,76424,31425,39726,46027,26927,709
    Operating Profit5,9296,7876,1175,7936,3696,8606,4826,0356,5457,4126,7126,870
    OPM %22%24%21%21%22%23%21%20%20%22%20%20%
    Other Income3653704161,103456477449456415-571322361
    Interest15614017119113116615620921520524084
    Depreciation1,0101,1431,0939981,0071,0391,0401,0931,0431,1271,0921,039
    Profit before tax5,1285,8745,2695,7075,6876,1325,7355,1895,7025,5095,7026,108
    Tax %25%26%24%25%26%25%25%26%26%26%21%24%
    Net Profit3,8334,3513,9954,2594,2374,5944,3093,8444,2364,0824,4904,626
    EPS in Rs₹14.12₹16.03₹14.69₹15.69₹15.61₹16.92₹15.87₹14.16₹15.61₹15.02₹16.54₹17.04

    From company filings, updated 15 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Working-capital cycle

    Debtor Days88

    +3 days since Mar 2021

    Cash Conversion Cycle88

    +3 days since Mar 2021

    Working Capital Days23

    -25 days since Mar 2021

    Strengths, risks & growth

    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.

    Strengths

    • Company is almost debt free.
    • Stock is providing a good dividend yield of 4.48%.
    • Company has been maintaining a healthy dividend payout of 90.6%

    Risks

    • The company has delivered a poor sales growth of 11.5% over past five years.

    Compounded Sales Growth

    10 Years
    +15%
    5 Years
    +12%
    3 Years
    +9%
    TTM
    +13%

    Compounded Profit Growth

    10 Years
    +12%
    5 Years
    +9%
    3 Years
    +6%
    TTM
    +7%

    Stock Price CAGR

    10 Years
    +12%
    5 Years
    -1%
    3 Years
    -3%
    1 Year
    -18%

    Return on Equity

    10 Years
    +24%
    5 Years
    +23%
    3 Years
    +24%
    Last Year
    +24%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter60.82%60.82%60.86%60.88%+0.02 pp
    FII16.64%16.21%15.51%14.90%-0.61 pp
    DII17.80%18.37%18.95%18.75%-0.20 pp
    Government0.04%0.04%0.04%0.04%0.00 pp
    Public4.41%4.26%4.36%5.14%+0.78 pp
    Others0.30%0.30%0.29%0.29%0.00 pp

    Filed with NSE for Jun 2026: promoters 60.88%, public 38.83% · XBRL filing

    Analysts & fund holdings

    39%
    39% recommend buy
    33 analysts cover the stock
    Valuation vs Software
    P/E19.5 vs 22.5
    Sector P/B5.70
    Beta0.72

    Who holds the shares, quarter by quarter

    Mutual funds 9.04% (-0.18 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters60.9%
    • Foreign institutions14.9%
    • Mutual funds9.0%
    • Insurance8.3%
    • Other domestic institutions1.4%
    • Retail3.5%
    • Others2.0%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Parag Parikh Flexi Cap Fund1.75%4.15%+0.71 pp
    HDFC Flexi Cap Fund0.80%2.48%+0.35 pp
    HDFC Balanced Advantage Fund0.38%1.24%+0.22 pp
    HDFC Focused Fund0.32%3.96%+0.62 pp
    ICICI Pru Balanced Advantage Fund0.23%1.10%+0.00 pp

    Scorecard

    Performance
    Low
    Valuation
    High
    Growth
    Low
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 248 daily sessions to 11 Sept 2026.

    Computed

    Risk

    Volatility (1Y)
    29.2%
    Downside volatility
    32.4%
    Worst 5% of days
    2.8%
    Average of that tail
    5.1%
    Max drawdown (1Y)
    40.2%
    Below its peak
    30.3%

    Against the market

    Beta vs Nifty 50
    0.81
    Correlation
    0.37
    Relative strength (3M)
    +9.7%
    ATR (14)
    2.8%

    Return

    Return 1M
    -12.0%
    Return 3M
    +7.8%
    Return 6M
    -11.4%
    Return 1Y
    —
    vs 200-day average
    -12.6%

    Momentum

    RSI (14)
    32.8
    MACD histogram
    -15.74
    Stochastic %K
    6.0
    ADX (14)
    17.7
    +DI / −DI
    16.4 / 31.5
    Money flow index
    31.0

    Participation

    Delivery (20d avg)
    52.0%
    vs its 60-day baseline
    +1.8 pts
    Volume vs 20-day
    +0.3σ
    Close vs day's VWAP
    -0.6%
    52-week position
    25 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Financial quality

    From consolidated statements to 30 Jun 2026.

    Computed

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Corporate actions

    • dividend
      ₹12.00

      Interim Dividend - Rs 12 Per Share

      17 Jul 2026
      ex-date
    • dividend
      ₹24.00

      Interim Dividend - Rs 24 Per Share

      24 Apr 2026
      ex-date
    • dividend
      ₹12.00

      Interim Dividend - Rs 12 Per Share

      16 Jan 2026
      ex-date
    • dividend
      ₹12.00

      Interim Dividend - Rs 12 Per Share

      17 Oct 2025
      ex-date
    • dividend
      ₹12.00

      Interim Dividend - Rs 12 Per Share

      18 Jul 2025
      ex-date
    • dividend
      ₹18.00

      Interim Dividend - Rs 18 Per Share

      28 Apr 2025
      ex-date
    • dividend
      ₹12.00

      Interim Dividend - Rs 12 Per Share Special Dividend - Rs 6 Per Share

      17 Jan 2025
      ex-date
    • dividend
      ₹12.00

      Interim Dividend - Rs 12 Per Share

      22 Oct 2024
      ex-date
    • dividend
      ₹12.00

      Interim Dividend - Rs 12 Per Share

      23 Jul 2024
      ex-date
    • dividend
      ₹18.00

      Interim Dividend - Rs 18 Per Share

      7 May 2024
      ex-date
    • dividend
      ₹12.00

      Interim Dividend - Rs 12 Per Share

      19 Jan 2024
      ex-date
    • dividend
      ₹12.00

      Interim Dividend - Rs 12 Per Share

      20 Oct 2023
      ex-date
    • dividend
      ₹10.00

      Dividend - Rs 10 Per Share

      20 Jul 2023
      ex-date
    • dividend
      ₹18.00

      Interim Dividend - Rs 18 Per Share

      28 Apr 2023
      ex-date
    • dividend
      ₹10.00

      Interim Dividend - Rs 10 Per Share

      19 Jan 2023
      ex-date
    • dividend
      ₹10.00

      Interim Dividend - Rs 10 Per Share

      19 Oct 2022
      ex-date
    • dividend
      ₹10.00

      Interim Dividend- Rs 10 Per Share

      19 Jul 2022
      ex-date
    • dividend
      ₹18.00

      Interim Dividend Rs 18 Per Share

      28 Apr 2022
      ex-date
    • dividend
      ₹10.00

      Interim Dividend - Rs 10 Per Share

      20 Jan 2022
      ex-date
    • dividend
      ₹10.00

      Interm Dividend - Rs 10 Per Share

      21 Oct 2021
      ex-date

    Insider trades

    Last 12 months, market trades
    Net buying ₹137 Cr
    44 buys · ₹218 Cr
    55 sells · ₹80.8 Cr
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    Vama Sundari Investments (Delhi) Private Limited
    Promoters · Market Sale
    		Buy1,83,673₹22.0 Cr30 Apr 2026
    Vama Sundari Investments (Delhi) Private Limited
    Promoters · Market Sale
    		Buy1,01,056₹12.3 Cr30 Apr 2026
    Raghavan Kidambi
    ESOP
    		Buy3,651₹46.2 L30 Apr 2026
    HCL Technologies Stock Options Trust
    ESOP
    		Sell70,395₹8.9 Cr30 Apr 2026
    Jill Ann Kouri
    ESOP
    		Buy62,540₹7.9 Cr30 Apr 2026
    Siki Giunta
    ESOP
    		Buy4,204₹53.2 L30 Apr 2026
    HCL Technologies Stock Options Trust
    ESOP
    		Sell261₹3.8 L23 Apr 2026
    HCL Technologies Stock Options Trust
    ESOP
    		Sell653₹9.4 L23 Apr 2026
    Anand Swamy
    Market Sale
    		Sell3,319₹45.0 L27 Mar 2026
    Balasubramanian Kalyan Kumar
    Market Sale
    		Sell5,120₹70.9 L25 Mar 2026
    Ajit Krishnankutty Kumar
    Market Sale
    		Sell2,000₹26.8 L24 Mar 2026
    Ajit Krishnankutty Kumar
    Market Sale
    		Sell2,000₹27.0 L24 Mar 2026

    Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.

    Company announcements

    Company Update
    Release - 'Hcltech And Crowdstrike Expand Strategic Partnership To Advance AI Security And Resilience'

    Enclosed please find a release on the captioned subject being issued by the Company today.

    Company Update
    Release - Hcltech Launches Advanced Semiconductor Lab With Rs. 185 Crore Investment.

    Enclosed please find a release on the captioned subject being issued by the Company today.

    Company Update
    Release - 'Hcltech And Transport For NSW To Explore AI-Powered Traffic Insights For India'

    Enclosed please find a release on the captioned subject being issued by the Company today.

    Company Update
    Intimation Of Participation By The Company In Investor Conferences

    Enclosed please find an intimation on the captioned subject being issued by the Company today.

    Company Update
    Release: 'WACKER Establishes Global Capability Center In India With Hcltech'

    Enclosed please find a release on the captioned subject being issued by the Company today.

    Company Update
    Release - 'Hcltech Accelerates Sustainability Agenda, Sets Industry Benchmarks In Employee Wellbeing And Water Consumption'

    Enclosed please find a release on the captioned subject being issued by the Company today.

    Company Update
    Intimation Of Participation By The Company In Investor Conferences

    Enclosed please find an intimation on the captioned subject being issued by the Company today.

    Company Update
    Release: 'Hcltech Report Reveals Telecom Leaders Identify AI As Top Revenue Driver, But Only 25% Ready To Scale'

    Enclosed please find a release being on the captioned issued by the Company today.

    Company Update
    Release - 'Hcltech And Netapp Expand Partnership For Hybrid Cloud Storage-As-A-Service To Accelerate Enterprise AI Adoption'

    Enclosed please find a release on the captioned subject being issued by the Company today.

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Enclosed please find the Report of the Scrutinizer on the results of the e-voting (including remote e-voting) on the resolutions approved at the AGM of the Company held today.

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Enclosed please find an outcome of AGM of the Company held today.

    Company Update
    Release - 'Hcltech Recognized As A Leader In The 2026 Gartner® Magic Quadrant™ For Public Cloud Optimization And Transformation Services'

    Enclosed please find a release on the captioned subject being issued by the Company today.

    Company Update
    Release - 'Hcltech Celebrates 50Th Anniversary Of HCL Group By Planting 50,000 Saplings'

    Enclosed please find a release on the captioned subject being issued by the Company today.

    Company Update
    Clarification On Media Alerts Regarding Potential Data Breach

    Enclosed please find an update on the captioned subject,

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Enclosed Please find the Copy of Newspaper advertisement for transfer of equity shares to the Investor Education and Protection Fund.

    Filed with BSE (scrip 532281); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 14 Jan 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.