HCL Technologies share price, P/E, ROE & financials

On 6 Nov 2026, HCL Technologies was priced at ₹1,440.00, or 21.3× trailing earnings, against an industry P/E of 17.7×, and the shares are 19% below their 52-week high. Sales and net profit grew 8.7% and 3.9% a year over 3 years, with ROCE of 27% and ROE of 25%. It carries very little debt, and its dividend yield is 3.3%. It is a large-cap company with a market cap of ₹3.9 lakh crore, ranked 3rd of 126 Information Technology Services companies by market cap; the shares fell 6.4% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹1,447.60
Day high: ₹1,469.00
Day low: ₹1,427.00
Prev. close: ₹1,430.50
Volume: 41.9 L

Health check

3 good · 2 fair · 1 to check

ReturnsIn line
−6.4% over a year, better than 4 of 7 peers.
Price tagPricier
P/E 21.3 vs industry 17.7.
GrowthSteady
Sales +8.7%, profit +3.9% a year over 3 years.
ProfitabilityStrong
ROCE 27.2% vs peer median 25.4%.
Balance sheetSolid
Debt 0.08× equity, interest covered 26.4×, Piotroski 7 of 9.
Red flagsNone found
No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Information Technology Services

125 listed peers. Screen the industry

Large cap

₹3.9L Cr, #3 of 126 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹1,39,447 Cr · profit ₹18,472 Cr

Market cap: ₹3.9L Cr; Large cap
P/E: 21.3; Industry 17.7
Price to book: 5.20; Peers 4.97
Dividend yield: 3.33%
ROE: 24.6%; Peers 21.0%
ROCE: 27.2%; Peers 25.4%
Debt to equity: 0.08; Debt ₹5,898 Cr
EPS (TTM): ₹67.59; Face value ₹2
OPM (TTM): 20.8%; Net margin 13.2%
Sales growth: +2.2%; Latest quarter vs a year ago
Profit growth: +10.8%; Latest quarter vs a year ago
Price to sales: 2.79; EV/EBITDA 14.8

Strengths

Return on equity of 24.6%.
Return on capital employed of 27.2%.
Practically debt-free.
Dividend yield of 3.33%.
Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About HCL Technologies

HCL Technologies Limited provides IT and business services, engineering, research and development services, software products, and IP-led offerings. It operates through IT and Business Services, Engineering and R&D Services, and HCL Software segments. The company provides application development, management, modernization, and testing services, as well as commercial applications; automation services, including digital integration, business process…

Headquarters: Noida
Sector: Technology
ISIN: INE860A01027
Website: hcltech.com

Price range

52 weeks

₹1,030.00₹1,780.10

Today

₹1,427.00₹1,469.00

Avg volume (3M): 31.6 L
1-year return: minus 6.4%
From 52-week high: minus 19.1%

Analyst consensus

39 analysts

HoldMean target ₹1,269.69 11.8%

The mean target is below today’s price.

Target range, with today’s price

Low ₹1,050.00High ₹1,530.00

Next results expected around 11 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Information Technology Services

Compare with peers Screen the whole industry

Company
TCSTata Consultancy Services	2,498.50	plus 0.11%	9,03,979	17.5	7.60	54.9%	45.6%	26.5%	5.8%	5.3%	1.92%	minus 16.5%
INFYInfosys	1,181.40	plus 1.20%	4,78,511	15.7	4.91	39.0%	30.0%	23.1%	6.7%	6.9%	4.40%	minus 20.5%
HCLTECHHCL Technologies	1,440.00	plus 0.66%	3,89,754	21.3	5.20	27.2%	24.6%	20.8%	8.7%	3.9%	3.33%	minus 6.4%
WIPROWipro	198.00	minus 0.20%	1,95,898	15.6	2.46	17.8%	15.9%	19.2%	0.8%	5.2%	4.04%	minus 16.6%
TECHMTech Mahindra	1,831.00	plus 0.46%	1,79,476	29.4	5.47	19.8%	19.2%	17.2%	2.2%	−0.1%	2.79%	plus 29.3%
LTMLTM	4,338.00	minus 1.25%	1,28,620	24.6	4.97	25.4%	21.0%	17.9%	8.4%	4.4%	1.80%	minus 21.8%
PERSISTENTPersistent Systems	6,053.50	minus 0.92%	99,859	53.0	11.12	29.4%	22.9%	16.9%	20.9%	26.5%	0.59%	plus 4.3%
COFORGECoforge	2,076.00	minus 0.14%	91,980	40.7	4.11	18.6%	13.3%	19.2%	26.9%	30.9%	0.77%	plus 17.7%
Median of 7 peers	–	−0.14%	1,79,476	24.6	4.97	25.4%	21.0%	19.2%	6.7%	5.3%	1.92%	−16.5%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
30,349	–	33,872	33,981	34,579	35,620
23,858	–	27,031	26,947	27,348	27,947
6,491	9,977	6,841	7,034	7,231	7,673
21.4%	–	20.2%	20.7%	20.9%	21.5%
0	–	956	0	0	0
209	–	205	240	84	194
1,093	–	1,127	1,092	1,039	1,012
–	–	−956	–	–	–
5,189	–	5,509	5,702	6,108	6,467
25.9%	–	25.9%	21.3%	24.3%	20.6%
3,843	–	4,076	4,488	4,624	5,132
14.17	–	15.05	16.56	17.06	18.93

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +8.7%
Profit CAGR 3Y: +3.9%
EPS CAGR 3Y: +3.8%
ROE: 24.6%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,01,456	1,09,913	1,17,055	1,30,144
–	+8.3%	+6.5%	+11.2%
77,470	84,220	89,066	1,02,818
23,986	25,693	27,989	27,326
23.6%	23.4%	23.9%	21.0%
−440	−165	−776	788
353	553	644	869
4,145	4,173	4,084	4,355
440	165	776	−788
19,488	20,967	23,261	22,102
23.8%	25.1%	25.2%	24.7%
14,851	15,702	17,390	16,642
–	+5.7%	+10.8%	minus 4.3%
54.79	57.86	64.09	61.36

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
543	543	543	543
64,862	67,720	69,112	74,622
4,786	5,756	6,279	5,215
23,220	25,758	29,610	35,878
93,411	99,777	1,05,544	1,16,258
7,760	7,916	7,590	8,321
52	115	73	72
488	349	1,096	2,548
20,184	27,255	29,020	30,615
64,927	64,142	67,765	74,702
93,411	99,777	1,05,544	1,16,258

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
18,009	22,448	22,261	19,975
−3,931	−6,723	−4,914	−1,473
−15,881	−15,464	−18,561	−19,369
−1,803	261	−1,214	−867
−1,661	−1,048	−1,108	−1,422
16,348	21,400	21,153	18,553
−12,995	−14,073	−16,250	−14,618

Shareholding pattern

Source: NSE filings

60.9%

promoters

Promoters60.88%
Public38.86%
Employee trusts0.26%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	60.88%	38.86%	0.00
30 Jun 2026	60.88%	38.83%	plus 0.02
31 Mar 2026	60.86%	38.85%	plus 0.05
31 Dec 2025	60.81%	38.89%	0.00
30 Sep 2025	60.81%	38.89%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you