NSE: HCLTECH · BSE: 532281 · ISIN INE860A01027
HCL Technologies Limited stock analysis
HCL Technologies Limited ranks #393 in the TickerSutra evidence-ranked universe with a score of 66/100 and 95% data confidence. The latest captured fundamentals show ROCE of 30.4%, quarterly sales growth of 13.9% and quarterly profit growth of 20.3%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 30.4%
- Low debt/equity of 0.07×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹85,651cr | ₹20,529cr | ₹13,523cr | 24.0% |
| 2023 | ₹1,01,456cr | ₹22,628cr | ₹14,845cr | 22.0% |
| 2024 | ₹1,09,913cr | ₹24,198cr | ₹15,710cr | 22.0% |
| 2025 | ₹1,17,055cr | ₹25,504cr | ₹17,399cr | 22.0% |
| 2026 | ₹1,30,144cr | ₹26,752cr | ₹16,652cr | 21.0% |
| TTM | ₹1,34,374cr | ₹27,539cr | ₹17,434cr | 20.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
RoutineAcquisition (including agreement to acquire)-XBRLNSE · 29 Sept 2026 · Structured filingHCL Technologies Limited has informed the Exchange regarding Acquisition (including agreement to acquire)
HCL Technologies Limited has informed the Exchange regarding Acquisition (including agreement to acquire)
Open original XBRL sourceHCL Technologies Limited has informed the Exchange regarding a press release dated September 28, 2026, titled "Release- HCLSoftware to Acquire Robotiq.ai, Strengthening Enterprise Agentic Automation ".
RoutineHCL Technologies Ltd - 532281 - Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseBSE · 29 Sept 2026Release - HCLSoftware to Acquire Robotiq.ai, Strengthening Enterprise Agnetic Automation
Positive CatalystAcquisitionNSE · 29 Sept 2026Release- HCLSoftware to Acquire Robotiq.ai, Strengthening Enterprise Agentic Automation
RoutineUpdatesNSE · 28 Sept 2026HCL Technologies Limited has informed the Exchange regarding Release HCLTech launches first-of-its-kind AI-based synthetic research study for the global wealth management industry .
MANAGEMENT COMMENTARY
Signals from filed documents
And on behalf of everyone at HCLTech, I extend my gratitude to our clients, partners, my fellow Board members and to our shareholders for their continued trust. Best regards, C Vijayakumar “ We remain confident in our ability to execute our AI growth strategy and to continue creating long- term shareholder value, even as we recognize the headwinds that may arise from technology transformation and geopolitical uncerta
● Achieved scale, aggregating ~50,999 quintals of produce and facilitating ₹86.5 crore in value across 7,553 farmers, demonstrating strong initial uptake. ● Median price realisation improved up to ~₹4/kg for active users. ● ~60–65% of farmers reported reduced distress selling, indicating improved income predictability.
These efforts have strengthened HCLTech’s standing with investors and the sell-side community. For the second consecutive year, HCLTech has emerged as the most decorated India-headquartered IT services organization in Extel’s (formerly Institutional Investor) annual survey rankings. The survey captures feedback from 5,437 buy side professionals managing approximately $2 trillion in Asia (ex Japan) equities, along wit
And it's been driven by our AI-native approach to lot of large clients. We also have been more proactive about AI adoption, so we have won significant wallet share in our top customers in financial services. The second thing is we're seeing a very broad -based traction in the data and analytics space.
In continental Europe and ANZ, we have built consistent, compounding presence over the years — delivering stable, reliable growth. Driving Growth Through Geographic Expansion Together, these key growth vectors form a coherent, mutually reinforcing strategic framework designed to guide HCLTech’s investment priorities, capability development and go-to-market activities. Each vector is grounded in observable market dema
We have consistently Management Discussion and Analysis (MDA) 82 delivered market-leading performance, demonstrating resilient growth despite broader market volatility. FY26 marked a year of transformational engagements, with DFS executing AI-first greenfield implementations, AI- driven “Super Intelligent” computing clusters, mainframe modernization programs and Next Generation Workplace transformations. As part of t
HCLTech’s inclusion agenda received equally strong external validation: the company was included in Best Companies for Women in India (BCWI) 2025 list and inducted into the BCWI Hall of Fame for consistent performance over five years, while also being recognized as an “Exemplar of Inclusion” in the Most Inclusive Companies Index (MICI) 2025 by Avtar & Seramount. ROIC 40.3%* up 235 bps YoY *ROIC of FY26 exclude one-ti
Future global economic or political uncertainties could further impact IT spending, decrease profitability, limit talent mobility, lead to contract terminations, project deferrals and client purchase delays. Additionally, increasing regulatory mandates around the localization of data, talent and service delivery further heighten risk. These uncertainties might also affect the industries contributing significantly to
As regard maybe the longer term, the medium-term horizon of around FY28, we will, give that guidance at an appropriate time when we give guidance for FY28 next year. At this stage, time I would just like to focus on this year's margin guidance, which is 17.5% to 18.5%. Abhishek Pathak: Thank you so much and all the best.
HCLFoundation has been registered with the Ministry of Corporate Affairs to undertake CSR activities, and accordingly it undertakes projects and programmes, as part of its CSR mandate, aligned to the Sustainable Development Goals. The CSR activities, projects and programmes undertaken by the Company are those that are approved by the Board of Directors on the recommendation of the CSR Committee and are covered under
Forecast accuracy improved by 10%, with 25% of issues proactively identified and operating costs reduced by ~25%. Our Businesses 44 Case Study Driving Margin Expansion with Autonomous Q2O Intelligence A global automotive company faced inefficiencies across its Quote-to- Order (Q2O) value chain due to fragmented workflows spanning contract validation, pricing, order management, inventory allocation and promotion setup
MANAGEMENT PROMISE LEDGER
Quantified statements on the clock
“As regard maybe the longer term, the medium-term horizon of around FY28, we will, give that guidance at an appropriate time when we give guidance for FY28 next year. At this stage, time I would just like to focus on this year's margin guidance, which is 17.5% to 18.5%. Abhishek Pathak: Thank you so much and all the best.”
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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