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HCL Technologies Ltd.

ITIT - Software

www.hcltech.com BSE: 532281NSE: HCLTECH

₹1,427.50BSE1.35%

23 Oct, 11:35 AM

₹1,427.50

₹3.87L Cr

21.12

5.09

23.13%

₹1,466.80

₹1,423.70

₹1,770.00

₹1,030.00

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Price Performance

Peer Comparison

Name
TCS LTD. TCS	2,560.85	17.55	9,26,537.94	4.39	13,934.00	14.86%	73,188.00	11.23%	66.25
INFOSYS LTD INFY	1,165.00	15.42	4,72,789.22	4.17	7,775.00	12.29%	48,211.00	14.03%	42.84
HCL Technologies Ltd. HCLTECH	1,427.50	21.12	3,86,968.64	3.79	5,132.00	21.15%	35,620.00	11.51%	31.20
WIPRO LTD. WIPRO	191.60	14.29	1,89,782.01	5.79	3,199.70	-1.92%	24,752.70	9.06%	18.49
TECH MAH TECHM	1,797.90	32.37	1,76,231.06	2.79	1,609.70	33.95%	16,180.20	15.61%	23.04
LTM LTM	4,199.20	24.26	1,24,565.62	1.75	1,379.90	-0.09%	11,807.60	13.60%	30.25
PERSISTENT PERSISTENT	5,791.50	50.38	91,592.57	0.70	351.51	-25.44%	4,663.90	30.25%	35.09
ORACLE FIN OFSS	9,600.00	25.23	83,651.16	4.05	1,415.50	120.52%	3,125.20	68.73%	45.50

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	28,057.00	28,862.00	29,890.00	30,246.00	30,349.00	31,942.00	33,872.00	33,981.00	34,579.00	35,620.00
Expenses	22,264.00	22,493.00	23,030.00	23,764.00	24,314.00	25,397.00	26,460.00	27,269.00	27,709.00	28,143.00
	5,793.00	6,369.00	6,860.00	6,482.00	6,035.00	6,545.00	7,412.00	6,712.00	6,870.00	7,477.00
	20.65%	22.07%	22.95%	21.43%	19.89%	20.49%	21.88%	19.75%	19.87%	20.99%
	1,103.00	456.00	477.00	449.00	456.00	415.00	-571.00	322.00	361.00	234.00
Interest	191.00	131.00	166.00	156.00	209.00	215.00	205.00	240.00	84.00	194.00
	998.00	1,007.00	1,039.00	1,040.00	1,093.00	1,043.00	1,127.00	1,092.00	1,039.00	1,012.00
	5,707.00	5,687.00	6,132.00	5,735.00	5,189.00	5,702.00	5,509.00	5,702.00	6,108.00	6,467.00
	25.37%	25.50%	25.08%	24.86%	25.92%	25.71%	25.90%	21.26%	24.26%	20.64%
	4,257.00	4,235.00	4,591.00	4,307.00	3,843.00	4,235.00	4,076.00	4,488.00	4,624.00	5,132.00
	15.68	15.60	16.91	15.86	14.15	15.60	15.01	16.53	17.03	18.90

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	85,651.00	1,01,456.00	1,09,913.00	1,17,055.00	1,30,144.00
Operating Income (Net)	85,651.00	1,01,456.00	1,09,913.00	1,17,055.00	1,30,144.00
EXPENDITURE :
Stock Adjustments	-67.00	-67.00	43.00	52.00	-106.00
Raw Material Consumed	1,473.00	2,072.00	1,754.00	1,976.00	2,715.00
Power & Fuel Cost	291.00	328.00	360.00	355.00	355.00
Employee Cost	46,130.00	55,280.00	62,480.00	66,755.00	74,143.00
Cost of Software developments	13,431.00	15,987.00	15,578.00	16,431.00	19,836.00
Operating Expenses	1,143.00	1,316.00	1,073.00	1,114.00	1,319.00
General and Administration Expenses	1,866.00	2,687.00	2,858.00	3,235.00	3,365.00
Miscellaneous Expenses	867.00	1,234.00	1,588.00	1,641.00	2,010.00
	65,134.00	78,837.00	85,734.00	91,559.00	1,03,637.00
Operating Profit (Excl OI)	20,517.00	22,619.00	24,179.00	25,496.00	26,507.00
	1,080.00	1,367.00	1,514.00	2,493.00	1,775.00
	21,597.00	23,986.00	25,693.00	27,989.00	28,282.00
Interest	319.00	353.00	553.00	644.00	869.00
PBDT	21,278.00	23,633.00	25,140.00	27,345.00	27,413.00
	4,326.00	4,145.00	4,173.00	4,084.00	4,355.00
Profit Before Taxation & Exceptional Items	16,952.00	19,488.00	20,967.00	23,261.00	23,058.00
Exceptional Income / Expenses					-956.00
	16,951.00	19,488.00	20,967.00	23,261.00	22,102.00
Provision for Tax	3,428.00	4,643.00	5,257.00	5,862.00	5,450.00
	13,523.00	14,845.00	15,710.00	17,399.00	16,652.00
Extra items	0.00	0.00	0.00	0.00	0.00
Minority Interest	-24.00	6.00	-8.00	-9.00	-10.00
Consolidated Net Profit	13,499.00	14,851.00	15,702.00	17,390.00	16,642.00
Profit Balance B/F	54,715.00	55,587.00	56,133.00	56,432.00	56,735.00
Appropriations	68,214.00	70,438.00	71,835.00	73,822.00	73,377.00
Equity Dividend %	2,100.00%	2,400.00%	2,600.00%	3,000.00%	2,700.00%
	49.72	54.70	57.83	64.05	61.30
Adjusted EPS	49.72	54.70	57.83	64.05	61.30

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	543.00	543.00	543.00	543.00	543.00
Share Warrants & Outstandings	82.00	388.00	639.00	270.00	556.00
Total Reserves	61,289.00	64,474.00	67,081.00	68,842.00	74,066.00
Reserve excluding Revaluation Reserve	61,289.00	64,474.00	67,081.00	68,842.00	74,066.00
	61,914.00	65,405.00	68,263.00	69,655.00	75,165.00
Minority Interest	92.00	-7.00	8.00	18.00	32.00
Secured Loans	33.00	40.00	113.00	61.00	32.00
Unsecured Loans	3,890.00	2,071.00	2,110.00	9.00	5.00
Deferred Tax Assets / Liabilities	-1,064.00	-1,091.00	-260.00	551.00	235.00
Other Long Term Liabilities	2,802.00	2,995.00	4,174.00	4,227.00	5,816.00
Long Term Provisions	1,415.00	1,315.00	1,612.00	1,920.00	2,001.00
Total Non-Current Liabilities	7,076.00	5,330.00	7,749.00	6,768.00	8,089.00
Trade Payables	2,297.00	6,428.00	5,853.00	6,225.00	7,706.00
Other Current Liabilities	14,185.00	11,733.00	13,208.00	17,509.00	18,524.00
Short Term Borrowings			15.00	3.00	70.00
Short Term Provisions	2,293.00	3,270.00	3,650.00	4,302.00	5,526.00
Total Current Liabilities	18,775.00	21,431.00	22,726.00	28,039.00	31,826.00
Total Liabilities	87,857.00	92,159.00	98,746.00	1,04,480.00	1,15,112.00
Gross Block	50,089.00	53,303.00	57,504.00	60,595.00	65,856.00
Less: Accumulated Depreciation	15,012.00	18,684.00	22,441.00	24,423.00	28,559.00
Net Block	35,077.00	34,619.00	35,063.00	36,172.00	37,297.00
Capital Work in Progress	129.00	40.00	108.00	59.00	60.00
Non Current Investments	112.00	110.00	94.00	91.00	130.00
Long Term Investment	112.00	110.00	94.00	91.00	130.00
Long Term Loans & Advances	1,508.00	886.00	1,094.00	1,805.00	903.00
Other Non Current Assets	2,990.00	2,927.00	3,056.00	4,244.00	6,098.00
Total Non-Current Assets	39,816.00	38,582.00	39,415.00	42,371.00	44,570.00
Currents Investments	6,239.00	5,385.00	7,043.00	7,473.00	6,960.00
Inventories	161.00	228.00	185.00	133.00	239.00
Sundry Debtors	15,476.00	25,506.00	25,521.00	25,842.00	31,541.00
Cash and Bank	12,636.00	14,724.00	20,150.00	21,289.00	23,425.00
Other Current Assets	3,799.00	3,633.00	3,883.00	3,937.00	4,203.00
Short Term Loans and Advances	9,730.00	4,101.00	2,549.00	3,435.00	4,174.00
Total Current Assets	48,041.00	53,577.00	59,331.00	62,109.00	70,542.00
Net Current Assets (Including Current Investments)	29,266.00	32,146.00	36,605.00	34,070.00	38,716.00
Total Assets	87,857.00	92,159.00	98,746.00	1,04,480.00	1,15,112.00
Contingent Liabilities	346.00	2.00	346.00	346.00	346.00
Total Debt	3,985.00	2,251.00	2,327.00	2,291.00	159.00
	227.74	239.47	249.08	255.56	274.80
Adjusted Book Value	227.74	239.47	249.08	255.56	274.80

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	16,951.00	19,488.00	20,967.00	23,261.00	22,102.00
Adjustment	3,941.00	3,524.00	3,388.00	2,233.00	3,471.00
Changes In working Capital	-549.00	-1,305.00	2,305.00	1,010.00	-1,522.00
Cash Flow after changes in Working Capital	20,343.00	21,707.00	26,660.00	26,504.00	24,051.00
Cash Flow from Operating Activities	16,900.00	18,009.00	22,448.00	22,261.00	19,975.00
Cash Flow from Investing Activities	1,477.00	-3,931.00	-6,723.00	-4,914.00	-1,473.00
Cash Flow from Financing Activitie	-14,508.00	-15,881.00	-15,464.00	-18,561.00	-19,369.00
Net Cash Inflow / Outflow	3,869.00	-1,803.00	261.00	-1,214.00	-867.00
Opening Cash & Cash Equivalents	6,521.00	10,510.00	9,065.00	9,441.00	8,245.00
Effect of Foreign Exchange Fluctuations	120.00	358.00	115.00	18.00	817.00
Closing Cash & Cash Equivalent	10,510.00	9,065.00	9,441.00	8,245.00	8,195.00

Ratios

Valuation

21.12

5.09

12.34

2.80

67.51

280.40

Profitability

23.13

31.20

15.17

20.37

12.80

Leverage & Liquidity

0.00

2.22

26.43

Returns

3.79

1.19

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	60.82	60.81	60.81	60.81	60.81	60.81	60.81	60.86	60.88	60.88
	34.24	34.47	34.61	34.61	34.76	34.47	34.62	34.49	33.67	34.26
	4.95	4.72	4.57	4.57	4.42	4.72	4.57	4.65	5.44	4.86
	39.19	39.19	39.19	39.19	39.19	39.19	39.19	39.14	39.12	39.12
No. of Shareholders	9,50,147	8,75,164	8,68,735	8,80,722	8,85,835	9,29,235	8,82,505	8,77,717	10,23,551	9,45,375

Mutual Funds Invested(356)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 172 active funds hold 6.33% in HCL Technologies Ltd., contributing to ₹21.12K Cr of holdings

Fund				As of
PP Parag Parikh Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	5,739.64	3.96	4,66,63,705	Sep '26
HD HDFC Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	2,645.90	2.44	2,15,11,392	Sep '26
SB SBI Nifty 50 ETFIndex	2,513.48	1.24	2,04,34,760	Sep '26
SB SBI BSE Sensex ETFIndex	1,747.76	1.51	1,42,20,993	Sep '26
HD HDFC Balanced Advantage Fund - Growth - Direct PlanHybrid - Balanced Advantage	1,242.84	1.21	1,01,04,420	Sep '26
HD HDFC Focused Fund - Growth - Direct PlanEquity - Focused Fund	940.60	3.54	76,47,162	Sep '26
UT UTI Nifty 50 ETFIndex	861.98	1.24	70,07,974	Sep '26
UT UTI BSE Sensex ETFIndex	823.56	1.51	67,01,036	Sep '26
NI Nippon India ETF Nifty 50 BeESIndex	806.90	1.24	65,60,138	Sep '26
IP ICICI Prudential Balanced Advantage Fund - Growth - Direct PlanHybrid - Balanced Advantage	774.63	1.08	62,97,776	Sep '26

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-10-12	Ex Dividend	Rs.12.0000 per share(600%)Interim Dividend	2026-10-16	2026-10-16
2026-09-17	Board Meeting	Interim Dividend & Quarterly Results
2026-07-20	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares
2026-10-19	HCL Technologies Stock Options Trust	ESOS	Sell	124,426
2026-10-16	HCL Technologies Stock Options Trust	ESOS	Sell	3,057
2026-10-14	HCL Technologies Stock Options Trust	ESOS	Sell	1,285
2026-10-12	HCL Technologies Stock Options Trust	ESOS	Sell	2,798
2026-10-08	HCL Technologies Stock Options Trust	ESOS	Sell	2,101
2026-10-01	HCL Technologies Stock Options Trust	ESOS	Sell	20,374
2026-10-01	Ayut Manubhai Patel	ESOS	Buy	3,000
2026-10-01	Srivatchan Rajaraman	ESOS	Buy	5,459
2026-10-01	Arjun Sethi	ESOS	Buy	8,915
2026-09-30	HCL Technologies Stock Options Trust	ESOS	Sell	7,700
2026-09-30	Mandar Vasant Patankar	ESOS	Buy	3,000
2026-09-30	Rahul Mohta	ESOS	Buy	1,700
2026-09-30	Sumit Sehgal	ESOS	Buy	1,500
2026-09-28	HCL Technologies Stock Options Trust	ESOS	Sell	129,059
2026-09-28	Jill Ann Kouri	ESOS	Buy	84,592
2026-09-28	Ravi Yeddanapudi	ESOS	Buy	859
2026-09-28	SURYA PAWAN KUMAR VADAPALLI	ESOS	Buy	1,789
2026-09-25	Raghavan V Kidambi	Market	Sell	3,651
2026-09-25	SHIV KUMAR WALIA	ESOS	Buy	362
2026-09-25	SURYA PAWAN KUMAR VADAPALLI	ESOS	Buy	3,146

Sector Overview

ITIT - Software

HCL Technologies Ltd. operates in the IT sector under the IT - Software industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

13 members across the board and senior leadership

Manish Anand

Company Secretary & Compliance Officer

—

Roshni Nadar Malhotra

Chairperson

₹1.50 Cr

Mar '26

C Vijayakumar

Managing Director & Chief Executive Officer

—

Shikhar Malhotra

Non Independent & Non Executive Director

₹1.41 Cr

Mar '26

Amitabh Kant