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HCL Technologies Limited (HCLTECH.NS)

INR1,150.40 +4.80 (+0.42%)
IN NSE Technology Information Technology Services
Address Plot No. 3A 201304
Noida, IN
CEO ChinnaSwamy VijayaKumar
Website hcltech.com
IPO 2002-08-12
ISIN INE860A01027

Explore sections of this company profile

Also trades on Bombay Stock Exchange · HCLTECH.BO (INR) National Stock Exchange of India · HCLTECH.NS (INR)
Description

HCL Technologies Limited, founded in 1976 and based in Noida, India, is a global technology firm that provides a comprehensive range of services, including software development, business process outsourcing, and infrastructure management. The company structures its operations into three main divisions. Its IT and Business Services segment delivers application, infrastructure, and digital process operations, along with advanced digital transformation, analytics, IoT, cloud-native, and cybersecurity solutions. The Engineering and R&D Services division focuses on specialized engineering solutions across software, embedded systems, mechanical design, VLSI, and platform development, supporting the full product lifecycle for both hardware and software industries. Lastly, the Products & Platforms segment offers a portfolio of modern software products designed for specific technological and industrial requirements, featuring HCL Software, the proprietary DRYiCE software, Actian Avalanche Hybrid Cloud Data platform, and the Nippon workforce analytics solution. This segment also extends its offerings to hybrid cloud, digital workplace, cloud-native services, and service integration and management. HCL Technologies serves a wide array of sectors, including financial services, manufacturing, life sciences and healthcare, public services, retail, consumer goods, technology, telecommunications, media, publishing, and entertainment industries.

News Sentiment (7d)
61 Positive

2 articles

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,150.40 +4.80 (+0.42%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
0.05
Float Shares
1.05B
Free Float %
38.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.05% -2.83% -2.94% -16.28% -33.68% -31.65% -34.55% -1.92% +12.74% +194.46% +1,042.15%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,150.40
DCF (Unlevered) 2,425.50 +110.8%
DCF (Levered) 2,325.48 +102.1%
Ratings Trend (MoM) 30% Bullish
Rating 2026-06 Change
Strong Buy 6 0
Buy 6 0
Hold 17 0
Sell 3 -1
Strong Sell 8 0
Quality scores
Altman Z-Score
6.57
Safe zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth
    +6.9% Q1'26: +13.7% (vs Q1'25)
  • ✓
    EPS growth
    +10.8% Q1'26: +7.7% (vs Q1'25)
  • ✓
    FCF margin
    +15.4% Q1'26: +16.5% (vs Q1'25)
  • ✗
    EBIT margin
    +18.3% Q1'26: +17.5% (vs Q1'25)
  • ✓
    ROIC
    +31.6% Q1'26: +37.4% (vs Q1'25)
  • ✓
    Share dilution
    0.0% Q1'26: -0.2% (vs Q1'25)
  • ✓
    Debt / EBITDA
    0.25× Q1'26: 0.19× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.05) × ERP
WACC = 98% × Ke + 2% × Kd (16.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 2,410.70 Current price: 1,150.40
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
36 Rev. Ana.
29 EPS Ana. 		Mar 2027
39 Rev. Ana.
37 EPS Ana. 		Mar 2028
40 Rev. Ana.
37 EPS Ana. 		Mar 2029
17 Rev. Ana.
14 EPS Ana. 		Mar 2030
8 Rev. Ana.
8 EPS Ana.
Revenue
413.25B
est: 370.04B (+11.7%)
452.03B
est: 468.20B (-3.5%)
509.92B
est: 506.22B (+0.7%)
599.05B
est: 603.89B (-0.8%)
749.52B
est: 710.99B (+5.4%)
744.98B
est: 755.40B (-1.4%)
871.90B
est: 857.27B (+1.7%)
1.03T
est: 1.01T (+1.9%)
1.11T
est: 13.43B (+8,130.8%)
1.18T
est: 1.17T (+0.9%)
1.31T
1.27T – 1.38T
+11.4% YoY
1.41T
1.38T – 1.45T
+7.8% YoY
1.49T
1.43T – 1.55T
+5.7% YoY
1.56T
1.52T – 1.62T
+5.0% YoY
1.72T
1.67T – 1.78T
+10.2% YoY
EBITDA
88.65B
est: 82.56B (+7.4%)
99.74B
est: 104.46B (-4.5%)
115.63B
est: 1.81B (+6,301.3%)
138.42B
est: 2.31B (+5,884.3%)
176.88B
est: 2.46B (+7,082.9%)
191.61B
est: 175.79B (+9.0%)
206.86B
est: 191.71B (+7.9%)
231.65B
est: 208.50B (+11.1%)
249.01B
est: 2.86B (+8,611.5%)
271.41B
est: 251.28B (+8.0%)
277.97B
270.80B – 293.29B
+10.6% YoY
299.52B
294.05B – 308.90B
+7.8% YoY
316.49B
304.44B – 328.78B
+5.7% YoY
332.16B
322.70B – 343.86B
+5.0% YoY
366.12B
355.69B – 379.01B
+10.2% YoY
EBIT
82.91B
est: 69.64B (+19.0%)
91.66B
est: 88.12B (+4.0%)
100.98B
est: 1.67B (+5,938.7%)
117.14B
est: 2.06B (+5,598.7%)
146.76B
est: 2.11B (+6,866.2%)
152.80B
est: 143.59B (+6.4%)
174.66B
est: 156.60B (+11.5%)
201.75B
est: 170.31B (+18.5%)
216.43B
est: 2.44B (+8,771.5%)
239.38B
est: 213.63B (+12.1%)
237.25B
231.13B – 250.32B
+11.1% YoY
255.63B
250.97B – 263.64B
+7.8% YoY
270.12B
259.84B – 280.61B
+5.7% YoY
283.50B
275.42B – 293.48B
+5.0% YoY
312.48B
303.57B – 323.48B
+10.2% YoY
Net Income
74.12B
est: 70.21B (+5.6%)
81.81B
est: 78.98B (+3.6%)
88.50B
est: 1.36B (+6,413.7%)
99.98B
est: 1.63B (+6,048.7%)
117.20B
est: 1.69B (+6,843.3%)
110.34B
est: 114.13B (-3.3%)
137.23B
est: 124.47B (+10.3%)
150.90B
est: 135.37B (+11.5%)
157.98B
est: 1.96B (+7,952.2%)
174.37B
est: 174.39B (0.0%)
173.26B
164.48B – 182.03B
-0.7% YoY
197.79B
183.60B – 211.97B
+14.2% YoY
209.15B
192.89B – 225.40B
+5.7% YoY
225.90B
207.14B – 244.67B
+8.0% YoY
257.93B
248.37B – 269.73B
+14.2% YoY
SGA
52.72B
est: 45.67B (+15.5%)
53.44B
est: 57.78B (-7.5%)
59.38B
est: 887.48M (+6,591.2%)
71.32B
est: 1.09B (+6,436.2%)
92.19B
est: 1.20B (+7,556.5%)
92.69B
est: 412.50B (-77.5%)
110.35B
est: 449.87B (-75.5%)
129.22B
est: 489.27B (-73.6%)
136.74B
est: 1.49B (+9,057.2%)
138.83B
est: 130.76B (+6.2%)
145.21B
141.47B – 153.21B
+11.1% YoY
156.47B
153.61B – 161.37B
+7.8% YoY
165.33B
159.04B – 171.75B
+5.7% YoY
173.52B
168.58B – 179.63B
+5.0% YoY
191.26B
185.81B – 197.99B
+10.2% YoY
EPS
26.33
est: 25.87 (+1.8%)
30.17
est: 29.11 (+3.7%)
31.12
est: 31.39 (-0.9%)
36.79
est: 36.79 (0.0%)
40.75
est: 39.86 (+2.2%)
41.07
est: 49.05 (-16.3%)
49.77
est: 48.98 (+1.6%)
54.85
est: 54.18 (+1.2%)
57.99
est: 0.72 (+7,906.9%)
64.16
est: 64.02 (+0.2%)
63.93
60.64 – 67.12
-0.1% YoY
71.71
67.69 – 78.15
+12.2% YoY
76.69
71.12 – 83.11
+6.9% YoY
80.68
76.37 – 90.21
+5.2% YoY
95.10
91.58 – 99.45
+17.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-06-11 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-06-10 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-06-09 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-06-08 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-06-05 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-06-04 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-06-03 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-06-02 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-06-01 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-29 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-27 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-26 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-25 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-22 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-21 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-20 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-19 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-18 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-15 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-14 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-13 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-12 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-11 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-08 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-07 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-06 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-05 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-04 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-04-30 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-04-29 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-04-28 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-04-27 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-04-24 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-04-23 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-04-22 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-04-21 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-04-20 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-04-17 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-04-16 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-04-15 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-04-13 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-04-10 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
221.43B
OE per share TTM
81.63
Owner's Yield
7.38%
Maintenance CapEx ratio
2.84%
Maint CapEx / Avg PPE
8.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.03M
Shares Outstanding
2.71B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
ChinnaSwamy VijayaKumar Chief Executive Officer, MD & Director 371M male
Shiv Kumar Walia Chief Financial Officer 58M male
Shiv Nadar Founder, Chairman Emeritus & Strategic Advisor to the Board 18M male
Manish Anand Senior Vice President, Compliance Officer & Company Secretary 16M male
Nitin Mohta Senior Vice President & Head of Investor Relations — male
Raghu Raman Lakshmanan General Counsel — male
Sriram Hariharan Corporate VP and Global Head of Strategy & Corporate Development — male
Ajit Krishnankutty Kumar Chief Information Officer — male
Vijay Anand Guntur Chief Technology Officer & Head of Ecosystems — male
Ashutosh Kaushik Senior Vice President of Global Administration — male
Avishek Chattopadhyay Chief Information Officer — male
Jill Kouri Global Chief Marketing Officer — female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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