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HCL Technologies Ltd

BSE: HCLTECH532281ISIN INE860A01027
  • Information Technology
  • Computers - Software & Consulting
  • BSE SENSEX

Share price

₹1,405.00-32.00 (-2.23%)
as of 4 Nov 2026
HCL Technologies Ltd share price, 4 Nov 2025 to 4 Nov 2026: ₹1,528.70 to ₹1,405.00 (-8.1%). Low ₹1,072.00, high ₹1,721.15. Volume shown below the price.

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high
₹1,770.00
52W low
₹1,030.00
Off 52W high
-20.62%
1M return
+17.08%
3M return
+4.77%
6M return
+18.18%
1Y return
-8.09%
20D avg volume
3,73,270
50 DMA
₹1,303.54
200 DMA
₹1,321.58

Key ratios Consolidated

Market cap
₹3,81,270 Cr
Current price
₹1,405.00
52W high / low
₹1,770.00 / ₹1,030.00
Face value
₹2.00
P/E
20.80
P/B
5.01
EPS (TTM)
₹67.55
Book value / share
₹280.27
ROE
—
ROCE
27.20%
Operating margin
—
Net margin
—
Debt / equity
0.00
Net debt
₹-8,106 Cr
Interest cover
26.43
Dividend yield
4.27%
Dividend / share (TTM)
₹60.00
Payout
88.82%
Cash conversion cycle
67.6 days

Financials

MetricQ2 FY27Q1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24
Income statement
35,62034,57933,98133,87231,94230,34930,24629,89028,86228,05728,49928,446
234.00361.00322.00385.00415.00456.00449.00477.00456.001,103416.00370.00
35,85434,94034,30334,25732,35730,80530,69530,36729,31829,16028,91528,816
29,34928,83228,60127,79226,65525,61624,96024,23523,63123,45323,64622,942
0.000.000.000.000.000.000.00—————
964.00822.00719.00841.00628.00527.00514.00578.00480.00404.00492.00417.00
19,82819,69219,37718,86718,30117,59817,24616,57616,52316,41016,35115,862
194.0084.00240.00205.00215.00209.00156.00166.00131.00191.00171.00140.00
1,0121,0391,0921,1271,0431,0931,0401,0391,007998.001,0931,143
7,3677,1677,1836,8216,4766,2086,0291,9361,7561,8841,8111,715
6,5056,1085,7026,4655,7025,1895,7356,1325,6875,7075,2695,874
0.000.000.00-956.000.000.000.000.000.000.000.000.00
6,5056,1085,7025,5095,7025,1895,7356,1325,6875,7075,2695,874
1,3351,4821,2121,4271,4661,3451,4261,5381,4501,4481,2741,523
5,1324,6264,4904,0824,2363,8444,3094,5944,2374,2593,9954,351
18.9617.0916.5915.0615.6314.1815.9016.9415.6215.7014.7216.06
Key metrics
7,7117,2317,0346,8416,9606,4916,9317,3376,8256,8966,5337,157
21.60%20.90%20.70%20.20%21.80%21.40%22.90%24.50%23.60%24.60%22.90%25.20%
14.40%13.40%13.20%12.10%13.30%12.70%14.20%15.40%14.70%15.20%14.00%15.30%
7.90%—7.00%—7.40%—7.60%—————
11.50%13.90%12.30%13.30%10.70%8.20%6.10%5.10%————
21.20%20.30%4.20%-11.10%0.00%-9.70%7.90%5.60%————
MetricTTMFY26FY25FY24FY23FY22FY21FY20FY19FY18
Income statement
1,38,0521,30,1441,17,0551,09,9131,01,45685,65175,37970,67660,42750,569
1,3021,5302,4851,4951,3581,067927.00589.00943.001,217
1,39,3541,31,6741,19,5401,11,4081,02,81486,71876,30671,26561,37051,786
1,14,5741,08,61696,27990,44183,32669,76660,45357,28548,74840,775
0.000.000.00———————
3,3462,7151,9761,7542,0721,4731,6981,5361,6151,251
77,76474,14366,75562,48055,28046,13038,85334,92829,28324,729
723.00869.00644.00553.00353.00319.00511.00505.00174.0069.00
4,2704,3554,0844,1734,1454,3264,6113,4202,073—
28,53826,64022,7686,8606,5935,070—6,1965,7614,619
24,78023,05823,26120,96719,48816,95215,85313,98012,62211,011
-956.00-956.000.000.000.00-1.000.000.000.000.00
23,82422,10223,26120,96719,48816,95115,85313,98012,62211,011
5,4565,4505,8625,2574,6433,4284,6842,9232,5022,302
18,33016,65217,39915,71014,84513,52311,16911,05710,1208,722
67.7061.4664.1657.9954.8549.7741.0740.7573.58—
Key metrics
28,81727,32627,98925,69323,98621,59620,97517,90514,86911,080
20.87%21.00%23.90%23.40%23.60%25.20%27.80%25.30%24.60%21.90%
13.28%12.80%14.90%14.30%14.60%15.80%14.80%15.60%16.70%17.20%
—27.20%30.80%———————
12.76%11.20%6.50%8.30%18.50%13.60%6.70%17.00%19.50%—
7.93%-4.30%10.80%5.80%9.80%21.10%1.00%9.30%16.00%—
—18,55321,153———————
—1.201.28———————
—0.000.03———————
—-8,106-5,954———————
—67.661.6———————
Balance sheet
—1,16,2581,05,544———————
—70,54262,109———————
—8,2658,245———————
—31,54125,842———————
—239.00133.00———————
—5,5084,659———————
—4,6574,501———————
—7,7066,225———————
—31,82628,039———————
—159.002,291———————
—122.002,221———————
—37.0070.00———————
—75,19769,673———————
Cash flow
—19,97522,261———————
—-1,473-4,914———————
—-19,369-18,561———————
—1,4221,108———————
MetricQ2 FY27Q1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24
Income statement
15,44514,33712,89015,23913,82913,07313,43213,27412,61511,78412,07712,531
653.004,4011,245291.00325.00344.00285.00344.00284.00321.00301.00261.00
16,09818,73814,13515,53014,15413,41713,71713,61812,89912,10512,37812,792
11,03310,75310,21010,54210,2359,5449,6408,9388,5838,7048,6728,401
0.000.000.000.000.000.000.00—————
66.0065.0035.0036.0028.0028.0041.0027.0034.0031.0049.0026.00
6,9556,7426,4926,4836,3026,0465,8605,6485,5015,4055,3025,173
59.0045.0029.0063.0078.0073.0041.0038.0030.0047.0034.0029.00
526.00529.00555.00630.00560.00571.00577.00613.00559.00571.00604.00678.00
3,4383,3763,0953,3353,2732,8193,123846.00795.00846.00841.00749.00
5,0657,9853,9254,9883,9193,8734,0774,6804,3163,4013,7064,391
0.000.00-5,733-948.000.000.000.00—————
5,0657,985-1,8084,0403,9193,8734,0774,6804,3163,4013,7064,391
763.00960.00-908.001,0581,262985.001,0321,1541,100922.00943.001,042
4,3027,025-900.002,9822,6572,8883,0453,5263,2162,4792,7633,349
15.8925.96-3.3311.029.8110.6611.2413.0111.879.1410.2012.37
Key metrics
5,6508,559-1,2244,7334,5574,5174,6955,3314,9054,0194,3445,098
36.60%59.70%-9.50%31.10%33.00%34.60%35.00%40.20%38.90%34.10%36.00%40.70%
27.90%49.00%-7.00%19.60%19.20%22.10%22.70%26.60%25.50%21.00%22.90%26.70%
16.50%—-6.10%—11.40%—10.70%—————
11.70%9.70%-4.00%14.80%9.60%10.90%11.20%5.90%————
61.90%143.20%-129.60%-15.40%-17.40%16.50%10.20%5.30%————
MetricTTMFY26FY25FY24FY23FY22FY21FY20FY19FY18
Income statement
57,91155,03151,10548,11846,27640,63835,67332,60626,01222,073
6,5902,2051,2341,0761,031880.00965.00587.00805.00702.00
64,50157,23652,33949,19447,30741,51836,63833,19326,81722,775
42,53840,53135,86533,73832,59128,25024,22822,01616,88613,650
0.000.000.00———————
202.00127.00133.00135.00168.00155.00142.00144.00142.00138.00
26,67225,32322,41420,96519,79915,87211,7499,9168,0797,365
196.00243.00156.00125.00127.00109.00177.00238.0016.0023.00
2,2402,3162,3202,3712,4312,6152,8131,9521,276893.00
13,24412,52210,8293,0272,7872,2271,8352,5552,4502,263
21,96316,70516,47415,45614,71613,26812,41011,1779,9319,125
-6,681-6,6810.00———————
15,28210,02416,47415,45614,71613,26812,41011,1779,9319,125
1,8732,3974,2083,7823,2572,3943,6672,2081,7461,763
13,4097,62712,26611,67411,45910,8748,7438,9698,1857,362
49.5428.1745.2543.1142.3240.1033.2233.0659.69—
Key metrics
17,71812,58318,95017,95217,27415,99215,40013,36711,22310,041
30.60%22.90%37.10%37.30%37.30%39.40%43.20%41.00%43.10%45.50%
23.15%13.90%24.00%24.30%24.80%26.80%24.50%27.50%31.50%33.40%
—35.00%43.20%———————
8.03%7.70%6.20%4.00%13.90%13.90%9.40%25.30%17.80%—
10.67%-37.80%5.10%1.90%5.40%24.40%-2.50%9.60%11.20%—
—11,39415,530———————
—1.591.30———————
—0.000.00———————
—-591.00-566.00———————
—28.677.3———————
Balance sheet
—46,97452,503———————
—26,20029,035———————
—601.00592.00———————
—13,41914,685———————
—12.0012.00———————
—1,1361,039———————
—2,9312,931———————
—9,1193,873———————
—17,59914,035———————
—10.0026.00———————
—7.0015.00———————
—3.0011.00———————
—25,89834,940———————
Cash flow
—12,12915,991———————
—3,520993.00———————
—-15,681-17,253———————
—735.00461.00———————

Compounded growth

Standalone

Sales CAGR 3Y
+5.95%
Sales CAGR 5Y
+9.06%
Profit CAGR 3Y
-12.69%
Profit CAGR 5Y
-2.69%
Sales YoY (TTM)
+8.03%
Profit YoY (TTM)
+10.67%

Consolidated

Sales CAGR 3Y
+8.65%
Sales CAGR 5Y
+11.54%
Profit CAGR 3Y
+3.90%
Profit CAGR 5Y
+8.32%
Sales YoY (TTM)
+12.76%
Profit YoY (TTM)
+7.93%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Coverage

Shareholding as of 30 Sep 2026

Promoter holding
60.87%
QuarterSeptember 2026June 2026
Promoter %60.87%60.87%
HolderTypeHoldingPreviousChange
Vama Sundari Investments (Delhi) Pvt. Ltd.Promoter44.23%44.23%0.00%
HCL Holdings Private Ltd.Promoter Group16.46%16.46%0.00%
Life Insurance Corporation Of IndiaPublic7.07%7.15%-0.08%
HDFC Trustee Company LimitedPublic2.07%2.09%-0.02%
Artisan International Value FundPublic2.03%1.97%+0.06%
Parag Parikh Flexi Cap FundPublic1.72%1.63%+0.09%
SBI Mutual FundPublic1.68%1.39%+0.29%
NPS TrustPublic1.24%1.24%0.00%
Kiran Nadar Museum of ArtPromoter Group0.08%——
Shiv Nadar FoundationPromoter Group0.08%0.08%0.00%
Mrs. Kiran NadarPromoter0.02%0.02%0.00%
SSN Incubation FoundationPromoter Group0.00%0.00%0.00%
Julian Investments (Chennai) Private LimitedPromoter Group0.00%0.00%0.00%
Hudson Engineering & Technology Solutions Limited ( Formerly known as HCL Infosolutions Limited)Promoter Group0.00%0.00%0.00%
HCL Healthcare Pvt. LimitedPromoter Group0.00%0.00%0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

CompanyMkt cap (₹ Cr)Price (₹)P/EROCESales YoYProfit YoY1Y return
Tata Consultancy Services Ltd.9,01,9892,435.0016.9954.90%+9.92% TTM+4.37% TTM-18.56%
Infosys Ltd4,73,2371,127.1014.8639.00%+11.73% TTM+9.34% TTM-23.22%
HCL Technologies Ltd3,88,5971,405.0020.8027.20%+12.76% TTM+7.93% TTM-8.09%
Wipro Ltd.1,96,380193.7514.5118.60%+8.22% TTM-2.44% TTM-18.61%
Tech Mahindra Limited1,78,5001,781.7031.3519.80%+13.60% TTM+24.88% TTM+26.47%
LTM LIMITED1,30,2264,186.0023.9025.80%+14.67% TTM+7.10% TTM-25.47%
Persistent Systems Limited1,01,3766,025.0055.4129.40%+27.10% TTM+8.29% TTM+2.88%
COFORGE LIMITED92,3292,055.0043.3618.70%+41.21% TTM+56.10% TTM+16.26%
Mphasis Limited48,0242,494.6524.9323.00%+13.69% TTM+9.84% TTM-9.81%
Hexaware Technologies Limited30,749501.1021.83—+13.45% TTM+0.39% TTM-27.90%
Tata Elxsi Ltd S24,4803,725.1034.6326.20%+10.01% TTM-0.07% TTM-30.72%
KPIT Technologies Ltd14,831522.0026.8322.10%+9.16% TTM-30.96% TTM-54.81%
Fractal Analytics Limited14,109835.7539.4912.50%———
Zensar Technologies Ltd.12,877532.9515.4621.00%+8.81% TTM+11.99% TTM-27.59%
IDream Film Infrastructure Company Limited12,831467.359,786.822.10%—+690.91% TTM+164.86%
RateGain Travel Technologies Limited9,714793.5538.819.80%+114.36% TTM+15.14% TTM+15.83%
BIRLASOFT LIMITED9,234319.0014.4718.60%+3.75% TTM+33.56% TTM-14.02%
ASM Technologies Ltd. S9,1816,275.30—22.70%+133.51% TTM+117.67% TTM+63.73%
INTELLECT DESIGN ARENA LIMITED7,508530.1021.0813.60%+16.99% TTM-12.31% TTM-55.75%
Sonata Software Ltd.6,660227.0513.7527.60%+3.97% TTM+8.12% TTM-39.25%
Newgen Software Technologies Limited6,434441.7519.7520.80%+6.49% TTM-3.04% TTM-54.57%
Happiest Minds Technologies Limited4,839312.2020.5617.20%+12.13% TTM+18.44% TTM-38.39%
Mastek Limited4,5641,443.5010.5116.60%+5.99% TTM+16.64% TTM-32.51%
63 Moons Technologies Limited4,388925.15-45.07-1.00%+490.54% TTM-119.65% TTM+16.75%
Latent View Analytics Limited4,188194.6020.0114.70%+20.34% TTM+5.91% TTM-58.20%

Filings & corporate actions

Recent announcements

Corporate actions

PurposeEx dateRecord datePayment date
Interim Dividend - Rs. - 12.000016 Oct 202616 Oct 2026—
Interim Dividend - Rs. - 12.000017 Jul 202617 Jul 2026—
Interim Dividend - Rs. - 24.000024 Apr 202625 Apr 2026—
Interim Dividend - Rs. - 12.000016 Jan 202617 Jan 2026—
Interim Dividend - Rs. - 12.000017 Oct 202517 Oct 2025—
Interim Dividend - Rs. - 12.000018 Jul 202518 Jul 2025—
Interim Dividend - Rs. - 18.000028 Apr 202528 Apr 2025—
Interim Dividend - Rs. - 12.000017 Jan 202517 Jan 2025—
Special Dividend - Rs. - 6.000017 Jan 202517 Jan 2025—
Interim Dividend - Rs. - 12.000022 Oct 202422 Oct 2024—
Interim Dividend - Rs. - 12.000023 Jul 202423 Jul 2024—

Board meetings

  • Board Meeting - Financial Results

HCLTech packs AI into 20 industry tools to build repeatable revenue

HCLTech, which runs computer systems and builds software for large global businesses, on October 8, 2026 rolled out 20 purpose-built Industry AI Solutions across banking to manufacturing . Several tools are already deployed at scale globally while others are in early-stage deployments . The push aims to turn fast-growing but still-small AI work into repeatable vertical revenue while overall growth stays in low single digits.

HCLTech built the tools in-house for specific industry jobs

One team built tools for eight industries at once

The portfolio spans banking, healthcare and life sciences, aerospace, retail, telecom, mobility, energy and manufacturing . A dedicated global team of engineers and domain experts built these solutions in-house . The company describes the rollout as continuing its strategy to build differentiated IP in Advanced AI .

HCLTech is a global technology company, home to more than 223,000 people across 60 countries, with consolidated revenues of $1,480.00 crore for the 12 months ending June 2026 .

Some tools run at scale while others remain early

Several of these solutions are already deployed at scale across client operations globally, while others are progressing through early-stage deployments . HCLTech plans to continue expanding its portfolio of repeatable Industry AI Solutions as enterprises move from AI experimentation towards scaled adoption .

Dr. Gaurav Dhakar, Global Head - Industry AI Solutions, said the solutions translate domain expertise into scalable AI intelligence to help enterprises navigate rapid technological change with greater agility and measurable outcomes .

Four deployments show sharp time and cost cuts claimed by the company

The release gives outcome claims for four solutions, all from the company without independent verification.

Source: .

Solution areaWhat it doesCompany-claimed result
VisionX for manufacturing and logisticsComputer-vision AI platform for factories and warehousesResponse times improved by more than 90% and operational costs reduced by 70%
SmartTwin for manufacturingLets makers simulate products and plants before physical deploymentUp to 44% faster time-to-market for new products
Intelligent Safety Platform for life sciences and healthcarePharmacovigilance case processingCase-processing time reduced by 40-50%
Autonomous Accounts Payable for procurement and financeAI-led invoice management, live at a major global motorbike and tools manufacturerProcessing cycle time cut by 60%

The release also names an Intelligent Regulatory Platform for regulatory intelligence, without a quantified outcome . Older filings only name VisionX and SmartTwin as vision and video analytics platforms for stores and factories, with no numbers or named clients . No older filing in the evidence names Intelligent Regulatory Platform, Intelligent Safety Platform or Autonomous Accounts Payable.

Small AI revenue grows much faster than the overall business

Advanced AI sales rose each quarter from a small base

Advanced AI revenue has climbed steadily from a low starting point, growing far faster than total revenue.

Sources: Q2 FY26, quarter ended September 30, 2025 — ; Q4 FY26, quarter ended March 31, 2026 — ; Q1 FY27, quarter ended June 30, 2026 — .

PeriodAdvanced AI revenue
Q2 FY26, quarter ended September 30, 2025Over $10 crore, about 3% of total revenue
Q4 FY26, quarter ended March 31, 2026$15.51 crore
Q1 FY27, quarter ended June 30, 2026$17.10 crore

The latest quarter grew double-digits sequentially and more than sixty percent from a year earlier . Annualized Advanced AI revenue for FY26 reached $62 crore . Total revenue for the quarter ended June 30, 2026 was $365 crore, so the AI line remains a small share of the whole .

CEO C. Vijayakumar said differentiated IP remains a cornerstone of the AI strategy, enabling clients to move from experimentation to enterprise-scale value realization . In Q3 FY26, management had cautioned that broader business-process adoption was still muted and enterprise spend was still very small, with the clearest use in software development and data work .

Deal bookings stayed balanced as yearly outlook stayed low

Quarterly new bookings stayed above two billion dollars without relying on a single mega deal in most quarters.

Sources: Q2 FY26, quarter ended September 30, 2025 — ; Q3 FY26, quarter ended December 31, 2025 — ; Q4 FY26, quarter ended March 31, 2026 — ; Q1 FY27, quarter ended June 30, 2026 — .

PeriodNet new TCV booking
Q2 FY26, quarter ended September 30, 2025$260.00 crore, first time above $250.00 crore without a mega deal
Q3 FY26, quarter ended December 31, 2025$300 crore
Q4 FY26, quarter ended March 31, 2026$190.00 crore
Q1 FY27, quarter ended June 30, 2026$240.00 crore, highest ever Q1 bookings

Management described the latest bookings as well-balanced across verticals, service lines and geographies . The figure excludes a Europe-headquartered Fortune Global 50 mega deal signed in early July 2026, which will have negligible FY27 revenue impact because steady state is expected only in April 2027 . Full-year FY26 net new bookings were $930.00 crore, same as last year . Management retained FY27 organic guidance of 1% to 4% revenue growth and 17.5% to 18.5% margin, excluding acquisitions including Jaspersoft .

Reuse across clients points to scale beyond pilots

AI Force, the service-transformation platform, has spread to more client accounts each quarter, supporting reuse of the same assets.

Sources: Q2 FY26, quarter ended September 30, 2025 — ; Q3 FY26, quarter ended December 31, 2025 — ; Q4 FY26, quarter ended March 31, 2026 — ; Q1 FY27, quarter ended June 30, 2026 — .

PeriodAI Force deployment
Q2 FY26, quarter ended September 30, 202547 accounts
Q3 FY26, quarter ended December 31, 202560 priority accounts
Q4 FY26, quarter ended March 31, 202675 distinct accounts
Q1 FY27, quarter ended June 30, 202692 distinct client accounts

The company counted 23 industry AI solutions in the quarter ended June 30, 2026, after launching three new ones for store operations, order-to-cash and validation and quality . Its intelligent regulatory platform achieved general availability in that quarter . In AI Labs, the company crossed 1,000 plus AI engagements delivered in Q1 FY27, compared with 123 new engagements hosted in Q4 FY26 . Management said nearly all deals in FY26 incorporated an AI or GenAI component .

Tools face uneven demand across client industries

Q1 FY27 growth was broad-based with six out of seven verticals registering year-on-year growth, led by Public Services and Retail and CPG . Financial Services had solid momentum over about 12 quarters, driven by an AI-native approach and wallet-share gains in top customers .

Soft spots sit where the new tools will need to sell. Life Sciences and Healthcare faced headwinds after earlier regulatory work for medical device firms ended without replacement, plus stress in US healthcare where most of its healthcare revenue comes from . The decline in Engineering and R&D services was in Tech and Telecom, Media and Entertainment, with sharp cuts in discretionary spending in two large US telcos . In Q4 FY26, management had already flagged Telecom discretionary cuts and discontinuation of two SAP programs, with impact expected through the calendar year .

Rupee revenue rose while profit dipped then recovered

On a consolidated rupee basis, revenue rose for five straight quarters while profit sagged in the middle before recovering.

Quarter, consolidated basisRevenue from operations, Rs croreNet profit, Rs crore
Q1 FY26303493844
Q2 FY26319424236
Q3 FY26338724082
Q4 FY26339814490
Q1 FY27345794626

The longer annual trend shows steady top-line expansion with a recent dip in bottom-line.

Year, consolidated basisRevenue from operations, Rs croreNet profit, Rs crore
FY2410991315710
FY2511705517399
FY2613014416652

Operating margin for the quarter ended June 30, 2026 stood at 16.9%, up sequentially and from a year earlier, with EBIT at $61.60 crore and net income at $48.80 crore . Adjusting for restructuring expenses, the margin was closer to the prior quarter level . The FY27 margin band includes about 40 to 50 basis points of restructuring cost impact .

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Sources

  1. 1 Enclosed please find a release on the captioned subject being issued by the Company today.
  2. 2 HCL Technologies Ltd - 532281 - Release - 'Hcltech Ranked Among The Top 5 Global Store Services Providers By Everest Group'
  3. 3 Release - 'Hcltech Launches AI Innovation Zone Featuring Intel-Powered Enterprise Solutions'
  4. 4 Release - 'Hcltech Recognized As A 'Market Shaper' In The 2026 Gartner® Emerging Market Quadrant For Physical AI Services - Established Vendors'
  5. 5 Release - 'Hcltech Launches Autonomous Finance Platform For Use With Google Cloud'S Gemini Enterprise'
  6. 6 Earnings-call transcript, Oct 2025
  7. 7 Earnings-call transcript, Apr 2026
  8. 8 Earnings-call transcript, 2026-07-15
  9. 9 Earnings-call transcript, Jan 2026