HCL TechnologiesNSE: HCLTECHBSE: 532281Information Technology · Computers - Software & Consulting

₹1,346.905.80 (0.43%)

Mkt Cap: ₹3.65 L Cr.
P/E (TTM): 21.08
Open: ₹1,317.70
Day's Range: ₹1,294.30 – ₹1,356.50
52W Range: ₹1,030.00 – ₹1,780.10
Div Yield: 4.46%
EPS (TTM): ₹64.26
Book Value: ₹274.19

HCL Technologies Financial Statements

Name: HCL Technologies Financials — historical data
Creator: StockeZee

For Mar 2026, HCL Technologies reported revenue of ₹1,30,144 crore and net profit of ₹16,642 crore. Return on equity stands at 24.00%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹1,30,144 Cr
EBITDA: ₹26,752 Cr
Operating margin: 20.56%
Profit after tax: ₹16,642 Cr
Net margin: 12.79%
EPS: ₹61.33
Latest year: Mar 2026
Years reported: 9

HCL Technologies profit & loss

Reported annual performance for HCL Technologies, oldest to newest. Figures in ₹ crore unless a row states otherwise.

HCL Technologies annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	50,569	60,427	70,676	75,379	85,651	1,01,456	1,09,913	1,17,055	1,30,144
Sales Growth YoY %	—	19.49%	16.96%	6.65%	13.63%	18.45%	8.34%	6.5%	11.18%
Other Income	1,217	943	589	927	1,067	1,358	1,495	2,485	1,530
Total Income	51,786	61,370	71,265	76,306	86,718	1,02,814	1,11,408	1,19,540	1,31,674
Cost of Goods Sold (COGS)	1,355	1,696	1,536	1,695	1,406	2,005	1,797	2,028	2,609
Purchases of Stock-in-Trade	1,251	1,615	1,536	1,698	1,473	2,072	1,754	1,976	2,715
Changes in Inventories	104	81	0	-3	-67	-67	43	52	-106
Gross Profit	49,214	58,731	69,140	73,684	84,245	99,451	1,08,116	1,15,027	1,27,535
Gross Margin %	97.32%	97.19%	97.83%	97.75%	98.36%	98.02%	98.37%	98.27%	98%
Total Operating Expenses	37,968	44,805	51,824	53,636	63,715	76,823	83,918	89,523	1,00,783
Employee Benefit Expense	24,729	29,283	34,928	38,853	46,130	55,280	62,480	66,755	74,143
Other Expenses	13,239	15,522	16,896	14,783	17,585	21,543	21,438	22,768	26,640
EBITDA	11,246	13,926	17,316	20,048	20,530	22,628	24,198	25,504	26,752
OPM %	22.24%	23.05%	24.5%	26.6%	23.97%	22.3%	22.02%	21.79%	20.56%
Total Non-Operating Expenses	1,452	2,247	3,925	5,122	4,644	4,498	4,726	4,728	4,268
Depreciation & Amortisation	1,383	2,073	3,420	4,611	4,326	4,145	4,173	4,084	4,355
Finance Costs	69	174	505	511	319	353	553	644	869
Exceptional Items (Before Tax)	0	0	0	0	-1	0	0	0	-956
Profit Before Tax (PBT)	11,011	12,622	13,980	15,853	16,951	19,488	20,967	23,261	22,102
Tax Expense	2,302	2,502	2,923	4,684	3,428	4,643	5,257	5,862	5,450
Current Tax	2,386	3,094	2,821	3,719	3,442	4,665	4,626	5,161	5,105
Deferred Tax	-84	-592	102	965	-14	-22	631	701	345
Effective Tax %	20.91%	19.82%	20.91%	29.55%	20.22%	23.82%	25.07%	25.2%	24.66%
Total Profit for Period	8,722	10,120	11,057	11,169	13,523	14,845	15,710	17,399	16,652
Less: Non-controlling Interests	1	0	0	24	24	-6	0	9	10
Net Profit (Owner's PAT)	8,721	10,120	11,057	11,145	13,499	14,851	15,710	17,390	16,642
Net Profit Margin %	17.25%	16.75%	15.64%	14.79%	15.76%	14.64%	14.29%	14.86%	12.79%
PAT Growth YoY %	—	16.04%	9.26%	0.8%	21.12%	10.02%	5.78%	10.69%	-4.3%
Earnings Per Share (EPS)	₹31.32	₹37.31	₹40.75	₹41.07	₹49.74	₹54.73	₹57.89	₹64.08	₹61.33
Diluted Shares Outstanding (Cr.)	278	271	271	271	271	271	271	271	271
Profit/Loss from Associates	13	0	0	0	0	0	0	0	0
Other Comprehensive Income (Net of Tax)	260	190	479	758	757	1,301	855	705	3,709
Expenses	40,775	48,748	57,285	60,453	69,767	83,326	90,441	96,279	1,09,572
Material Cost %	0%	0%	0%	0%	0%	0%	0%	0%	0%
Employee Cost %	48.9%	48.46%	49.42%	51.54%	53.86%	54.49%	56.84%	57.03%	56.97%
Other Cost %	26.18%	25.69%	23.91%	19.61%	20.53%	21.23%	19.5%	19.45%	20.47%
Interest Coverage (x)	142.94	68.12	27.52	30.21	50.8	52.36	36.21	33.26	25.77

HCL Technologies revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

HCL Technologies balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

HCL Technologies annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	41,469	51,421	60,082	62,006	65,398	68,271	69,673	75,197
Equity Share Capital	271	543	543	543	543	543	543	543
Reserves & Surplus	41,095	50,724	59,370	61,371	64,862	67,720	69,112	74,622
Equity Method Investments	—	—	—	9	—	—	—	—
Total Equity	41,469	51,421	60,082	62,006	65,398	68,271	69,673	75,197
Non-Current Liabilities	4,807	7,755	8,729	8,252	6,582	8,780	7,832	9,235
Long-term Borrowings	2,977	2,848	3,828	3,923	2,111	2,223	70	37
Deferred Tax Liabilities	226	87	147	112	161	771	1,615	1,381
Non-Current Provisions	821	1,048	1,333	1,415	1,315	1,612	1,920	2,001
Other Non-Current Liabilities	247	399	545	691	825	57	1,125	1,235
Non-Current Financial Liabilities	3,513	6,221	6,704	6,034	4,281	6,340	3,172	4,618
Current Liabilities	12,299	23,730	17,383	18,775	21,431	22,726	28,039	31,826
Short-term Borrowings	724	1,845	—	62	140	104	2,221	122
Trade Payables	1,305	1,166	1,726	6,278	6,428	5,853	6,225	7,706
Current Financial Liabilities	8,979	18,066	10,838	11,835	12,649	11,648	16,802	18,932
Other Current Financial Liabilities	6,950	15,055	9,112	5,495	6,081	5,691	8,356	11,104
Other Current Liabilities	1,810	3,889	4,299	4,647	5,512	7,428	6,935	7,368
Current Provisions	586	706	963	955	1,120	1,337	1,487	1,664
Current Tax Liabilities	924	1,069	1,283	1,338	2,150	2,313	2,815	3,862
Total Liabilities	17,106	31,485	26,112	27,027	28,013	31,506	35,871	41,061
Total Non-Current Assets	28,853	44,486	43,143	40,992	39,834	40,446	43,435	45,716
Property, Plant & Equipment (PPE)	5,293	5,494	5,642	5,612	5,371	4,891	4,501	4,657
Capital Work-in-Progress	235	400	312	129	40	108	59	60
Intangible Assets	8,534	13,194	14,311	12,048	10,681	10,040	6,899	5,160
Non-Current Investments	85	77	89	103	110	94	91	130
Loans – Non-Current	355	—	—	200	—	286	586	50
Other Non-Current Assets	1,634	4,477	1,847	2,006	1,853	1,894	5,245	6,357
Non-Current Financial Assets	1,641	2,450	2,658	2,595	2,070	2,350	3,911	4,366
Net Fixed Assets	14,062	19,088	20,265	17,789	16,092	15,039	11,459	9,877
Total Current Assets	29,722	38,420	43,051	48,041	53,577	59,331	62,109	70,542
Inventories	91	91	94	161	228	185	133	239
Trade Receivables	11,706	14,131	13,663	20,671	25,506	25,521	25,842	31,541
Cash & Cash Equivalents	5,934	4,848	6,521	10,510	9,065	9,456	8,245	8,265
Current Investments	2,220	6,989	6,773	6,239	5,385	7,043	7,473	6,960
Loans – Current	1,312	3,422	4,841	3,008	2,603	795	976	1,017
Current Financial Assets	27,679	35,982	40,054	44,074	49,338	54,744	57,169	64,569
Other Current Assets	1,952	2,190	2,772	3,572	3,816	4,241	4,659	5,508
Other Current Financial Assets	4,569	6,464	5,889	1,520	1,120	1,235	1,589	1,626
Current Tax Assets	—	157	131	234	195	161	148	226
Net Working Capital	17,423	14,690	25,668	29,266	32,146	36,605	34,070	38,716
Additional Asset Fields	2,558	2,471	1,350	1,268	1,245	1,039	1,082	1,178
Def Tax Assets	2,455	2,317	1,181	1,176	1,252	1,031	1,064	1,146
Non Controlling Int	103	154	169	92	-7	8	18	32
Total Assets	58,575	82,906	86,194	89,033	93,411	99,777	1,05,544	1,16,258
Total Borrowings	3,701	4,693	3,828	3,985	2,251	2,327	2,291	159
Net Debt	-2,233	-155	-2,693	-6,525	-6,814	-7,129	-5,954	-8,106
Debt to Equity (x)	0.09	0.09	0.06	0.06	0.03	0.03	0.03	0
Current Ratio (x)	2.42	1.62	2.48	2.56	2.5	2.61	2.22	2.22

HCL Technologies cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

HCL Technologies annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	16,900	18,009	22,448	22,261	19,975
Profit Before Tax	16,951	19,488	20,967	23,261	22,102
Depreciation & Amortisation	4,326	4,145	4,173	4,084	4,355
Finance Costs	225	238	269	336	434
Working Capital Changes	-549	-1,305	2,305	1,010	-1,522
Tax Paid	-3,443	-3,698	-4,212	-4,243	-4,076
Net Cash from Investing Activities	1,477	-3,931	-6,723	-4,914	-1,473
Purchase of PPE	-1,645	-1,661	-1,048	-1,108	-1,422
Sale of Fixed Assets	90	217	32	25	23
Interest Received	590	636	1,041	1,322	1,430
Net Cash from Financing Activities	-14,508	-15,881	-15,464	-18,561	-19,369
Proceeds from Borrowings	77	124	358	377	318
Repayment of Borrowings	-137	-1,972	-539	-458	-2,626
Interest Paid	-69	-80	-64	-51	-46
Dividend Paid	-11,389	-12,995	-14,073	-16,250	-14,618
Buyback / Redemption of Shares	-804	0	0	-676	-711
Lease Liabilities Paid	0	0	0	-1,453	-1,685
Net Change in Cash	3,989	-1,445	376	-1,196	-50
Effect of Foreign Exchange Changes	120	358	115	18	817
Free Cash Flow	15,255	16,348	21,400	21,153	18,553
CFO / PBT (x)	1	0.92	1.07	0.96	0.9

HCL Technologies key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

HCL Technologies trades at a P/E of 21.08× against a sector median of 19.75× — a 7% premium. Sector comparisons can mislead for conglomerates with mixed business lines.

HCL Technologies valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	21.08
Forward P/E	Valuation	13.95
P/B	Valuation	4.89
PEG (TTM)	Valuation	2.39
EV / EBITDA (TTM)	Valuation	12.85
P/S (TTM)	Valuation	2.77
Operating margin	Profitability	20.5%
Net margin (TTM)	Profitability	12.8%
Return on equity	Return ratios	24%
Return on capital employed	Return ratios	30.6%
Return on assets	Return ratios	12.83%
Debt to equity	Leverage & liquidity	0.07
Beta	Leverage & liquidity	0.84
EPS (TTM)	Per share	₹64.26
Book value	Per share	₹274.19
Revenue / share (TTM)	Per share	₹5.42
Cash flow / share	Per share	₹73.82
Dividend yield	Shareholder returns	4.46%
Dividend payout (TTM)	Shareholder returns	127.04%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

HCL Technologies: frequently asked questions

What is HCL Technologies's annual revenue?

HCL Technologies reported revenue of ₹1,30,144 crore in Mar 2026, up 11.2% on the previous financial year.

Is HCL Technologies profitable?

HCL Technologies reported a net profit of ₹16,642 crore in Mar 2026, down 4.3% on the previous financial year.

What is HCL Technologies's EPS?

HCL Technologies reported earnings per share of ₹61.33 for Mar 2026.

What is HCL Technologies's operating margin?

HCL Technologies's operating margin for Mar 2026 was 20.56%.

What is HCL Technologies's return on equity?

HCL Technologies's return on equity stands at 24.00%. ROE measures profit generated per rupee of shareholder equity.

How many years of HCL Technologies financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about HCL Technologies Ltd (HCLTECH) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.