HCL Technologies Limited

Information Technology · IT - Software

NSE: HCLTECH BSE: 532281

₹1230.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in IT - Software

The largest companies in the same industry by market cap. This company ranks #3 of 126. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Tata Consultancy Services Limited	741,925	14.8	45.6%	-29.6%	3.17%	98	27	11
Infosys Limited	403,364	13.4	31.6%	-31.2%	4.83%	98	73	11
HCL Technologies Limited (this stock)	333,781	28.3	22.1%	-11.5%	4.88%	93	29	14
Wipro Limited	156,971	14.7	15.0%	-34.3%	5.05%	83	83	10
Tech Mahindra Limited	149,361	39.1	16.0%	7.6%	—	78	10	31
LTM Limited	119,983	24.6	20.7%	-21.0%	1.85%	78	21	12
Oracle Financial Services Software Limited	92,558	26.0	33.7%	21.8%	3.76%	80	12	29
Persistent Systems Limited	83,276	49.3	23.8%	6.5%	—	82	25	31

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹333,190 Cr

EV / EBITDA

20.0x

EV / Sales

5.92x

Market cap / Sales

5.93x

Earnings yield

3.53%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 18,738 Cr, up 39.7% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 7,025 Cr, up 143.2% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	14,337	7,985	7,025	₹25.9600
March 31, 2026	12,890	-1,808	-900	₹-3.3300
Dec. 31, 2025	15,239	4,040	2,982	₹11.0200
Sept. 30, 2025	13,829	3,919	2,657	₹9.8100
June 30, 2025	13,073	3,873	2,888	₹10.6600
March 31, 2025	13,432	4,077	3,045	₹11.2400
Dec. 31, 2024	13,274	4,680	3,526	₹13.0100
Sept. 30, 2024	12,615	4,316	3,216	₹11.8700
June 30, 2024	11,784	3,401	2,479	₹9.1400
March 31, 2024	12,077	3,706	2,763	₹10.2000
Dec. 31, 2023	12,531	4,391	3,349	₹12.3700
Sept. 30, 2023	12,059	3,950	2,966	₹10.9500
June 30, 2023	11,451	3,409	2,596	₹9.5900

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	18,738	14,135	15,530	14,154	13,417	13,717	13,618	12,899	12,105	12,378	12,792	12,311	11,713
Operating revenue	14,337	12,890	15,239	13,829	13,073	13,432	13,274	12,615	11,784	12,077	12,531	12,059	11,451
Other income	4,401	1,245	291	325	344	285	344	284	321	301	261	252	262
Operating expenses	10,179	9,626	9,849	9,597	8,900	9,022	8,287	7,994	8,086	8,034	7,694	7,745	7,769
Operating profit	4,158	3,264	5,390	4,232	4,173	4,410	4,987	4,621	3,698	4,043	4,837	4,314	3,682
Operating profit margin	29.0%	25.3%	35.4%	30.6%	31.9%	32.8%	37.6%	36.6%	31.4%	33.5%	38.6%	35.8%	32.2%
Depreciation	529	555	630	560	571	577	613	559	571	604	678	583	506
Interest	45	29	63	78	73	41	38	30	47	34	29	33	29
Exceptional items, gain / (loss)	—	-5,733	-948	—	—	—	—	—	—	—	—	—	—
Profit before tax	7,985	-1,808	4,040	3,919	3,873	4,077	4,680	4,316	3,401	3,706	4,391	3,950	3,409
Tax	960	-908	1,058	1,262	985	1,032	1,154	1,100	922	943	1,042	984	813
Net profit	7,025	—	2,982	2,657	2,888	3,045	3,526	3,216	2,479	2,763	3,349	2,966	2,596
EPS	25.96	-3.33	11.02	9.81	10.66	11.24	13.01	11.87	9.14	10.20	12.37	10.95	9.59
Net profit (TTM)	—	—	11,572	12,116	12,675	12,266	11,984	11,807	11,557	11,674	11,755	11,602	11,377
EPS (TTM)	43.46	28.16	42.73	44.72	46.78	45.26	44.22	43.58	42.66	43.11	43.41	42.84	42.01

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	55,031	10,024	7,627
March 31, 2025	51,105	16,474	12,266
March 31, 2024	48,118	15,456	11,674
March 31, 2023	46,276	14,716	11,459

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	6.6%	9.3%	57,236^†	52,339^†	49,194^†	47,307^†	41,518^†	36,638^†	33,193^†	26,817^†	22,775^†	20,209^†
Operating revenue	5.9%	9.1%	55,031	51,105	48,118	46,276	40,638^†	35,673^†	32,606^†	26,012^†	22,073^†	19,318^†
Other income	—	—	2,205^†	1,234^†	1,076^†	1,031^†	880^†	965^†	587^†	805^†	702^†	891^†
Operating expenses	—	—	37,972^†	33,389^†	31,242^†	30,033^†	25,526^†	21,238^†	19,826^†	15,594^†	12,734^†	11,376^†
Operating profit	1.6%	3.4%	17,059^†	17,716^†	16,876^†	16,243^†	15,112^†	14,435^†	12,780^†	10,418^†	9,339^†	7,943^†
Operating profit margin	—	—	31.0%^†	34.7%^†	35.1%^†	35.1%^†	37.2%^†	40.5%^†	39.2%^†	40.1%^†	42.3%^†	41.1%^†
Depreciation	—	—	2,316^†	2,320^†	2,371^†	2,431^†	2,615^†	2,813^†	1,952^†	1,276^†	893^†	479^†
Interest	—	—	243^†	156^†	125^†	127^†	109^†	177^†	238^†	16^†	23^†	56^†
Exceptional items, gain / (loss)	—	—	-6,681^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	-12.0%	-4.2%	10,024	16,474	15,456	14,716	13,268^†	12,410^†	11,177^†	9,931^†	9,125^†	8,276^†
Tax	—	—	2,397^†	4,208^†	3,782^†	3,257^†	2,394^†	3,667^†	2,208^†	1,746^†	1,763^†	1,403^†
Net profit	-12.7%	-2.7%	7,627	12,266	11,674	11,459	10,874^†	8,743^†	8,969^†	8,185^†	7,362^†	6,873^†
EPS	-12.7%	-2.7%	28.16^†	45.26^†	43.11^†	42.31^†	40.10^†	32.22^†	47.89^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	31.0%^†	34.7%^†	35.1%^†	35.1%^†	37.2%^†	40.5%^†	39.2%^†	40.1%^†	42.3%^†	41.1%^†
EBIT margin	18.7%^†	32.5%^†	32.4%^†	32.1%^†	32.9%^†	35.3%^†	35.0%^†	38.2%^†	41.4%^†	43.1%^†
PBT margin	18.2%	32.2%	32.1%	31.8%	32.6%^†	34.8%^†	34.3%^†	38.2%^†	41.3%^†	42.8%^†
Net margin	13.9%	24.0%	24.3%	24.8%	26.8%^†	24.5%^†	27.5%^†	31.5%^†	33.4%^†	35.6%^†
Interest coverage	42.25x^†	106.60x^†	124.65x^†	116.87x^†	122.72x^†	71.11x^†	47.96x^†	621.69x^†	397.74x^†	148.71x^†
Dividend payout	191.8%^†	119.3%^†	120.6%^†	113.4%^†	79.8%^†	37.2%^†	16.7%^†	—	—	—
Earnings retention	-91.8%^†	-19.3%^†	-20.6%^†	-13.4%^†	20.2%^†	62.8%^†	83.3%^†	—	—	—
Current ratio	1.49x	2.07x	—	—	—	—	—	—	—	—
Quick ratio	1.49x	2.07x	—	—	—	—	—	—	—	—
Debt to equity	0.00x	0.00x	—	—	—	—	—	—	—	—
Return on equity	29.5%	35.1%	—	—	—	—	—	—	—	—
Return on assets	16.2%	23.4%	—	—	—	—	—	—	—	—
Return on capital employed	35.0%^†	43.2%^†	—	—	—	—	—	—	—	—
Asset turnover	1.17x	0.97x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	12,129	3,520	-15,681	735	11,394
March 31, 2025	15,991	993	-17,253	461	15,530
March 31, 2024	15,282	-2,331	-14,480	393	14,889
March 31, 2023	13,538	-798	-13,267	806	12,732
March 31, 2022	10,591	2,232	-12,775	780	9,811

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	46,974	25,898	25,355	7	3	26,200	17,599	601	2,931	12
March 31, 2025	52,503	34,940	34,397	15	11	29,035	14,035	592	2,931	12
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.