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HCL Technologies Limited
(HCLTECH)
HCL Technologies Limited (HCLTECH) vs. iShares MSCI India ETF (INDA)
HCL Technologies Limited Business Overview & Revenue Model
HCL Technologies Limited Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.23T | 1.18T | 1.11T | 1.03T | 871.90B | 744.98B |
| Gross Profit | 424.23B | 413.06B | 396.71B | 376.07B | 334.76B | 304.95B |
| EBITDA | 249.35B | 248.27B | 234.06B | 217.85B | 197.00B | 191.61B |
| Net Income | 170.59B | 174.37B | 157.98B | 150.90B | 137.23B | 110.34B |
Balance Sheet | ||||||
| Total Assets | 1.09T | 1.05T | 997.15B | 934.11B | 892.26B | 863.15B |
| Cash, Cash Equivalents and Short-Term Investments | 299.29B | 287.62B | 271.72B | 201.01B | 189.17B | 156.76B |
| Total Debt | 67.69B | 62.79B | 57.66B | 47.81B | 63.56B | 65.09B |
| Total Liabilities | 372.93B | 358.64B | 315.05B | 280.04B | 270.89B | 261.46B |
| Stockholders Equity | 712.73B | 696.10B | 682.02B | 654.05B | 620.46B | 600.08B |
Cash Flow | ||||||
| Free Cash Flow | 213.98B | 224.24B | 214.00B | 163.48B | 152.55B | 177.14B |
| Operating Cash Flow | 226.63B | 235.32B | 224.48B | 180.09B | 169.00B | 196.18B |
| Investing Cash Flow | -39.46B | -49.14B | -67.23B | -39.31B | 14.77B | -57.30B |
| Financing Cash Flow | -189.37B | -185.61B | -154.64B | -158.81B | -145.08B | -111.92B |
HCL Technologies Limited Technical Analysis
HCL Technologies Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹8.65T | 27.22 | ― | 3.55% | 3.62% | 4.43% | |
73 Outperform | ₹3.62T | 26.95 | ― | 2.86% | 7.52% | 0.87% | |
73 Outperform | ₹5.09T | 25.22 | ― | 2.70% | 7.90% | 4.28% | |
68 Neutral | ₹2.00T | 22.11 | ― | 4.05% | 1.10% | 14.83% | |
66 Neutral | ₹1.27T | 46.27 | ― | 1.08% | 8.72% | 4.54% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | ₹1.36T | 31.42 | ― | 2.76% | 3.30% | 36.78% |
HCL Technologies Limited Corporate Events
HCLFoundation, the corporate social responsibility arm of HCLTech, has announced the winners of the 11th edition of the HCLTech Grant, expanding its thematic focus to include a new Water category. The program continues to back innovative NGO-led projects in water management, biodiversity conservation, rural healthcare and gender-focused education, reinforcing HCLTech’s role in long-term development initiatives across India.
This year, HCLFoundation will disburse a total of ₹24 crore to 12 NGOs, with four organizations receiving ₹5 crore each for large-scale projects in Rajasthan, Jharkhand and Mizoram, and eight others receiving ₹50 lakh each. The grants are expected to strengthen last-mile delivery of essential services and environmental interventions in remote villages, signaling a deepening of HCLTech’s commitment to inclusive growth and community resilience in alignment with national development goals.
HCL Technologies has announced that its U.S. step-down subsidiary HCL America Inc. has fully repaid the remaining balance of its 1.375% senior unsecured notes, originally totaling USD 500 million and issued in March 2021. The company previously bought back and cancelled USD 247.793 million of these notes in February 2023, and on March 10, 2026, it repaid the outstanding USD 252.207 million, resulting in the release of HCL Technologies’ unconditional and irrevocable guarantee on the issue.
The completion of this repayment removes the contingent liability associated with the guarantee from HCL Technologies’ balance sheet, simplifying its capital structure and potentially improving its financial flexibility. The move underscores the group’s focus on prudent liability management at the subsidiary level, which may be viewed positively by creditors and equity investors tracking the company’s leverage and risk profile.
HCLTech has formed a partnership with Hockey Victoria to support the new Melbourne Cobras franchise, which will enter Australia’s premier domestic Hockey One League this year. The Cobras are positioned as a globally connected and inclusive team that blends Indian international players with leading local talent, aiming to strengthen hockey’s future in Victoria while reflecting the diversity of the community.
Under the agreement, HCLTech will go beyond traditional sponsorship by designing and developing a digital fan engagement platform for Hockey Victoria and the Melbourne Cobras. Drawing on its experience building large-scale digital platforms for sports organizations, HCLTech plans to deliver live match insights, interactive content and personalized experiences to connect fans across Australia and India more closely with the team and the sport.
HCLTech has been selected by Hong Kong Aero Engine Services Limited (HAESL) to implement its iMRO/4 asset management solution, integrated with SAP S/4HANA, as HAESL’s new Maintenance Execution System in Hong Kong. The collaboration is aimed at digitally transforming HAESL’s engine maintenance, repair and overhaul operations by streamlining processes, improving scalability, enabling real-time data visibility and end-to-end traceability, and integrating maintenance with finance and material planning. Executives from both companies said the partnership will enhance execution efficiency, optimize resource utilization, support regulatory compliance, and create a scalable digital foundation, positioning HCLTech as a key technology partner in aviation MRO and reinforcing HAESL’s push toward operational excellence and long-term growth.
HCL Technologies Limited has announced that it will participate in several major investor conferences in Mumbai during February 2026, including the Nuvama India Conference 2026, Kotak: Chasing Growth 2026, and IIFL’s 17th Enterprising India Global Investors’ Conference. Company executives are expected to attend group sessions and may also hold one-on-one meetings with investors, while affirming that no unpublished price sensitive information will be disclosed, underscoring the firm’s commitment to regulatory compliance and proactive engagement with the investment community.
HCLTech has signed a new strategic agreement with Team Global Express, the largest multimodal logistics provider in Australia and New Zealand, under which it will consolidate the logistics group’s previously fragmented, multi-vendor IT environment into a single partnership. HCLTech will provide end-to-end managed IT services spanning applications, hybrid cloud infrastructure, networks, cybersecurity, digital workplace and service management, deploying its GenAI-driven AI Force platform to automate operations, improve compliance and enhance customer experience, reinforcing its positioning as a key technology partner for large-scale enterprise transformation in the logistics sector.
HCLTech has been recognized as a Leader in the IDC MarketScape: Worldwide Managed SASE Services 2025 Vendor Assessment, underscoring its strength in secure access service edge (SASE) solutions. The designation reflects the company’s extensive multivendor ecosystem, strategic partnerships with telecom operators and OEMs, and its proprietary platforms that provide unified observability, AI-driven orchestration and automation across SD-WAN and SSE environments. Supported by a global delivery network, dedicated labs and consulting-led frameworks, HCLTech aims to reduce deployment risk and accelerate time-to-value for clients, while integrating SASE into Zero Trust strategies to enhance security alignment with business goals and bolster its competitive position in the managed network security market.
HCL Technologies Limited has notified the Indian stock exchanges that it has released the official transcript of its earnings conference call held on 12 January 2026, following the announcement of its financial results for the quarter and nine months ended 31 December 2025. The transcript, featuring remarks from the CEO, CFO and head of investor relations, is available to investors and the public on the company’s investor relations website, reinforcing disclosure and compliance with SEBI listing regulations and providing stakeholders with detailed insight into management’s commentary on recent financial performance.
HCL Technologies Limited has notified the stock exchanges that the audio recording of its conference call held on January 12, 2026, following the announcement of its financial results for the quarter and nine months ended December 31, 2025, has been made available on the company’s investor relations website. The disclosure aligns with regulatory requirements and enhances transparency for investors and analysts by providing direct access to management’s commentary and discussion of the latest financial performance.
HCL Technologies Limited has announced a change in the record date for its recently declared interim dividend, shifting it from January 16, 2026 to January 17, 2026. The adjustment follows a directive from the stock exchanges, which required the change due to a trading holiday on January 15, 2026 for Municipal Corporation elections in Maharashtra. The company confirmed that while the record date has been moved by one day, the dividend payment date of January 27, 2026 remains unchanged, providing clarity and continuity for shareholders tracking their eligibility for the interim payout.
HCLTech has signed a multi-year partnership with The Magnum Ice Cream Company, the world’s largest ice cream company, to design, build and manage a future-ready, AI-enabled IT infrastructure as Magnum transitions into an independent listed business. Using its AI Force platform, HCLTech will embed AI across Magnum’s digital foundation, drive a shift from AIOps to a NoOps operating model with zero-touch automation and autonomous IT operations, and support Magnum’s exit from its Transition Service Agreement with Unilever by creating a greenfield infrastructure. The collaboration underscores HCLTech’s capabilities in large-scale, complex global transformations in the consumer-packaged goods sector and is positioned to enhance Magnum’s operational excellence and customer experience while reinforcing HCLTech’s industry standing in AI-driven infrastructure modernization.
HCL Technologies Limited has granted a total of 25,260 restricted stock units (RSUs) to selected employees under its 2021 and 2024 RSU plans, with 601 RSUs allotted to one employee under the 2021 plan and 24,659 RSUs to five employees of the company and its subsidiaries under the 2024 plan. Each RSU corresponds to one fully paid equity share of ₹2, to be sourced entirely from shares acquired by a trust in the secondary market, ensuring no new share issuance and therefore no dilution of earnings per share. The RSUs will vest between January 2027 and June 2028, with a six-month exercise window post-vesting, and the company also cancelled 23,925 RSUs previously approved under the 2024 plan, indicating an active calibration of its equity-based compensation structure while remaining compliant with SEBI’s share-based employee benefit regulations.
HCL Technologies Limited has scheduled the announcement of its financial results for the third quarter of FY 2026, covering the period ended December 31, 2025, for January 12, 2026, after the close of Indian stock market trading. Following the results release, senior management will host a 60-minute audio conference call at 7:30 p.m. IST on the same day, including a detailed Q&A session for investors and analysts, with live webcast and replay facilities available; this structured communication underscores the company’s ongoing engagement with capital markets and its emphasis on transparency for stakeholders.
HCLSoftware, the software arm of Indian IT major HCLTech, has agreed to acquire Jaspersoft, the embedded analytics and pixel-perfect reporting business of Cloud Software Group, in a deal aimed at strengthening its Data & AI division, Actian. The move will add Jaspersoft’s established business intelligence and reporting platform—widely used in regulated sectors such as government, banking and financial services—to Actian’s growing metadata management, data catalog and data governance offerings, creating a more end-to-end, AI-powered data management and analytics stack. By combining Jaspersoft’s embedded analytics and high-volume reporting capabilities with Actian’s existing enterprise data management tools and large global developer community, HCLSoftware aims to accelerate customers’ adoption of agentic, self-service business intelligence and deepen its competitive positioning in the fast-evolving GenAI-driven analytics market; the transaction is expected to close within six months of signing, subject to customary conditions.
HCLSoftware, the software division of Indian IT services group HCLTech, has announced its intent to acquire Jaspersoft, the embedded analytics and pixel-perfect reporting business of Cloud Software Group, in a deal expected to close within six months. The acquisition will fold Jaspersoft into HCLSoftware’s Data & AI division, Actian, to strengthen its end-to-end enterprise data management capabilities and meet growing demand for metadata management, data catalog and data governance solutions. By adding Jaspersoft’s established embedded analytics and high-volume, pixel-perfect reporting tools—widely used in heavily regulated sectors such as government, banking and financial services—HCLSoftware aims to offer customers more flexible, AI-powered business intelligence that can be tightly integrated into customer-facing applications, deepening its presence in the business intelligence market and expanding its reach into a large global developer community.