HCL Technologies Ltd.

NSE: HCLTECH · Computers - Software & Consulting

52W Range₹1,030 ₹1,780

Snapshot

Unlock HCL Technologies Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

HCL Technologies is a global IT services company providing software development, business process outsourcing, and infrastructure management. It operates through three primary segments: IT and Business Services, Engineering and R&D Services, and Products & Platforms.

Business Model

The company generates revenue through multi-year service contracts, digital transformation engagements, and the licensing of proprietary software products and platforms. It leverages a global delivery model to provide hybrid cloud, cybersecurity, and engineering solutions across diverse industry verticals.

Growth Outlook

Growth is driven by increasing enterprise demand for cloud migration, digital workplace modernisation, and engineering services. The company continues to invest in organic IP-based software and IoT solutions to capture market share in emerging technology sectors.

Key Risks

  • Currency Volatility. As a global exporter of IT services, the company is exposed to fluctuations in foreign exchange rates, particularly the USD/INR pair.
  • Talent Retention. The highly competitive nature of the IT services industry poses a risk to margins due to rising wage costs and the need to retain specialised technical talent.
  • Client Concentration. A significant portion of revenue is derived from large enterprise clients, making the company vulnerable to budget cuts or contract terminations within key accounts.
  • Geopolitical Instability. Global economic slowdowns or restrictive visa policies in key markets like the US and Europe could adversely impact service delivery and operational costs.

Start your research today

Unlock AI insights, financials, peers and live data on HCL Technologies Ltd. and 5,000+ companies — free.

Start your research

Key Metrics

REVENUE

₹1,34,374 Cr

TTM · consolidated

+12.6%YoY

NET PROFIT

₹17,434 Cr

TTM · consolidated

+2.6%YoY

EPS

₹64.37

TTM · consolidated

+2.8%YoY

RETURN ON EQUITY

24.1%

TTM · consolidated

-0.3 ppYoY

RETURN ON CAPITAL EMPLOYED

29.4%

TTM · consolidated

-0.8 ppYoY

P/E

20.1x

Q1 FY27 · consolidated

20.1 vs 27.6x5Y avg

EV/EBITDA

11.8x

Q1 FY27 · consolidated

11.8 vs 16.8x5Y avg

EBITDA MARGIN

21.6%

TTM · consolidated

-1.5 ppYoY

NET PROFIT MARGIN

13.4%

Q1 FY27 · consolidated

+0.7 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · consolidated

-0.03xYoY

Peers · Computers - Software & Consulting

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
HCL Technologies Ltd.HCLTECH
₹3.51L Cr20.0911.8112.6%21.6%24.1%29.4%-10.4%
Infosys Ltd.INFY
₹4.58L Cr15.249.0911.2%26.0%32.1%39.8%-22.8%
Wipro Ltd.WIPRO
₹1.75L Cr13.988.236.4%23.2%15.6%18.9%-28.0%
Tech Mahindra Ltd.TECHM
₹1.57L Cr27.5616.0911.0%16.1%18.1%22.1%+6.4%
Persistent Systems Ltd.PERSISTENT
₹89,018 Cr45.8128.5825.4%19.6%27.2%34.1%+6.6%
Coforge Ltd.COFORGE
₹87,326 Cr40.0724.7636.1%19.3%24.1%23.6%+16.6%

As of Q1 FY27

Financials