HCL Technologies Ltd - Stock Valuation and Financial Performance

BSE: 532281 | NSE: HCLTECH | IT - Software | Large Cap

HCL Tech. Share Price

1,713.80 -5.55 -0.32%
as on 30-Jan'25 16:59

DeciZen - make an informed investing decision on HCL Tech.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

HCL Technologies stock performance -

P/E Ratio (CD):
27.25
Market Cap:
4,65,067.9 Cr.
52-wk low:
1,235
52-wk high:
2,011

Is HCL Technologies Ltd an attractive stock to invest in?

1. Is HCL Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that HCL Technologies Ltd is a good quality company.

2. Is HCL Technologies Ltd undervalued or overvalued?

The key valuation ratios of HCL Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is HCL Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HCL Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of HCL Tech.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
HCL Technologies Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 40.5%26.7%34.3%31.5%31%28.4%27.2%26.6%29.7%31.1%-
Value Creation
Index
2.61.42.11.81.81.51.41.41.61.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 36,70141,51547,56850,56960,42770,67675,37985,6511,01,4561,09,9131,15,308
Sales YoY Gr.-13.1%14.6%6.3%19.5%17%6.7%13.6%18.5%8.3%-
Adj EPS 25.425.829.629.536.440.540.848.954.157.962.9
YoY Gr.-1.7%14.6%-0.4%23.6%11.3%0.5%19.9%10.7%7.1%-
BVPS (₹) 85.7129.3115.5130.8152.6188.8220.7227.7239.5249.1270.7
Adj Net
Profit
7,1407,2808,4398,2049,87911,00011,05813,26214,67715,71217,069
Cash Flow from Ops. 5,5395,0978,9958,3288,97113,35919,61816,90018,00922,448-
Debt/CF from Ops. 0.10.30.10.10.50.40.20.20.10.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13%12.7%13.4%8.3%
Adj EPS 9.6%9.7%12.4%7.1%
BVPS12.6%10.3%4.1%4%
Share Price 14.3% 23.7% 16% 8.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
32.621.22823.725.423.819.921.823.123.524.2
Op. Profit
Mgn %
23.121.421.822.223.124.526.62422.32221.8
Net Profit
Mgn %
19.417.517.716.216.415.614.715.514.514.314.8
Debt to
Equity
00000.10.10.10.100-
Working Cap
Days
18122213513913113815114012812293
Cash Conv.
Cycle
5272535553565649495358

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.20%

Sales growth is growing at healthy rate in last 3 years 13.40%

Net Profit is growing at healthy rate in last 3 years 12.42%

Sales growth is not so good in last 4 quarters at 6.78%

Latest Financials - HCL Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 44.2 62.9
TTM Sales (₹ Cr.) 49,750 1,15,308
BVPS (₹.) 147.2 270.7
Reserves (₹ Cr.) 39,393 72,926
P/BV 11.65 6.33
PE 38.81 27.25
From the Market
52 Week Low / High (₹) 1235.00 / 2011.00
All Time Low / High (₹) 12.92 / 2011.00
Market Cap (₹ Cr.) 4,65,068
Equity (₹ Cr.) 542.7
Face Value (₹) 2
Industry PE 33.9

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 28,499 7.128,057 6.728,862 8.229,890 5.1
Adj EPS (₹) 14.7 0.115.7 20.415.6 10.616.9 5.6
Op. Profit Mgn % 21.46 -58 bps20.65 25 bps22.07 -16 bps22.95 -91 bps
Net Profit Mgn % 14.02 -94 bps15.18 175 bps14.68 31 bps15.37 7 bps

Management X-Ray of HCL Tech.:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:60.81%Institutions:34.61%Non-Institutions:4.57%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%10%20%30%40%50%60%70%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of HCL Tech.

MRP
spaceLock icon
MOS
spaceLock icon%
DP
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Base EPS
spaceLock icon
DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

HCL Technologies: Q3 FY25 Result Update - 21 Jan 2025

Key Highlights – In-Line Performance

  1. Segment Performance:

  • IT & Business Services (73% of revenue): Grew 5.8% YoY CC (Constant Currency) and 1.5% QoQ CC, driven by demand in Retail and Tech & Services.

  • Engineering & R&D (16% of revenue): Increased 1.1% YoY CC and 5.4% QoQ CC, aided by Manufacturing and Telecom, despite challenges in Automotive.

  • HCL Software (11.3% of revenue): Grew 18.7% QoQ CC, but fell 2.1% YoY due to delays in renewals and deal closures.

  1. Margins:

  • EBIT Margin: At 19.5%, down 37 bps YoY, but up 90 bps QoQ, driven by a strong Software segment.

  • Wage hikes, furloughs, and integration costs slightly impacted Services margins.

  1. Regional & Sector Performance:

  • Americas: Grew 6.2% YoY CC and 1.9% QoQ CC.

  • Europe: Moderate growth at 2.6% YoY CC and 3.5% QoQ CC.

  • Retail & CPG: Rose 13.7% QoQ CC, supported by project completions.

  • Telecom & Media: Gained 4.0% QoQ CC, aided by the Hewlett Packard Enterprise acquisition.

  • Automotive: Struggles persist; recovery expected in upcoming quarters.

  1. Key Deal Wins:

  • Total Contract Value: Secured $2.095 billion, up 8.7% YoY but down 5.5% QoQ, with smaller deals dominating.

  • Major deals included AI automation for a Fortune 50 telecom firm and cloud migration for a leading US financial firm.

  1. Workforce & Other Highlights:

  • Headcount: Grew by 2,134, totaling 220,755 employees.

  • Attrition: Edged up slightly to 13.2%.

  • Demand across Retail, Manufacturing, and Telecom remains robust, though challenges persist in Life Sciences and Public Services.

HCL Technologies: Stock Pulse - 18 Jan 2024

Stock pulse is a format where we explore the most important questions to understand the company's performance.

About HCL Tech

HCL Tech is a leading global IT services company, ranked amongst the top five Indian IT services companies in terms of revenues. HCL Tech offers an integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services, and BPO services.

Consolidated Revenue Mix:

Business Segment

 

FY 2020

FY 2021

FY 2022

FY 2023

TTM

As a % of TTM revenues

IT & Business Services 

50,742

53,401

61,742

74,015

76,581

72.8%

Engineering and R&D services 

11,819

11,745

13,564

16,802

17,265

16.4%

HCL Software 

8,115

10,243

10,370

10,639

11,299

10.7%

Total

70,676

75,389

85,676

1,01,456

1,05,145

100%

(Source: Company data, Amt in Rs. Cr)

Segment EBIT Margins:

Engineering and R&D services (ER&D) are a high-margin business (18-22%) as against IT & business services (16-17%, FY21 margins were abnormal and do not show a true picture). Although it's seasonal, the HCL Software segment is known for its very high margins. HCL has successfully increased the revenue share from ER&D + Software business to 25-30% and profit share from them to 35-40%. 

EBIT Margins

FY21

FY22

FY23

TTM  

 IT & Business Services 

20.0%

17.9%

16.6%

17.1%

 Engineering and R&D services 

21.4%

19.2%

20.2%

19.0%

 HCL Software 

28.3%

24.4%

25.1%

24.6%

Total

21.4%

18.9%

18.2%

18.4%

 

Recent Acquisition: HCL Technologies recently acquired the German automotive engineering services company ASAP Group. This strategic acquisition bolsters HCLTech's global leadership in engineering services, particularly within the fast-growing European automotive engineering services sector. ASAP Group specializes in services aligned with key industry trends, such as e-mobility, autonomous driving, and connectivity.

Recent quarterly performance: 

In Q3 FY '24, HCL Technologies reported strong performance with a 6% sequential and 4.3% YoY revenue growth in constant currency, the highest since Q3 2021. Services revenue grew 3.1% QoQ, and software revenue increased by 5% YoY, driven by subscription and support revenue growth. Operating margins improved to 19.8%, even after accounting for wage hikes. The company received numerous awards, demonstrating leadership in IT services. 

  • Across segments: In the software segment, ARR (Annual Recurring Revenue) reached $1.06 bn, growing 2.9% YoY. ER&D showed healthy organic growth of 2.5% QoQ. IT and business services grew 4.3% YoY and 1.9% QoQ in constant currency.
  • Across verticals: Telecom and media had outstanding growth of 25.9% QoQ, while manufacturing grew 7.6% QoQ. Financial services declined 1.3% QoQ but had a strong 12.9% YoY growth. Retail grew 2.9% QoQ and 11.7% YoY.
  • Across geographies: Europe grew 5% QoQ, Americas grew 3.1% QoQ and 6.7% YoY, and the rest of the world declined 5.3% QoQ.
  • Deal wins: HCL added significant clients on an LTM (last 12 months) basis and achieved YTD bookings of $7.5 bn, representing a 10% growth YoY. The company secured 18 large deals in the quarter, expanding its digital transformation partnership with a Fortune 50 consumer packaged goods company.

What's happening to global IT spending?

In the current economic climate, businesses have scaled back investments in digital transformation due to reduced demand. Instead, they are focusing on cost-reduction initiatives. This shift negatively affects services like application development, infrastructure implementation, and consulting, as these require a change in business perspective and are now considered less of a priority amidst the current challenging economic conditions. 

Over the past year, many enterprises have realized that they previously allocated excessive budgets to transformation projects. Now, they are actively streamlining their expenses. Consequently, IT companies are winning a majority of deals related to cost reduction and optimization, shifting away from traditional digital transformation initiatives. 

Has anything changed since last quarter?

Management commentary regarding business sentiment toward discretionary spending remains the same as in the previous quarter. However green shoots of growth were visible in the engineering segment, for FY24 HCL expects to close at 5% to 5.5% YoY growth. Management iterated that the environment is not conducive to increasing margins at this point and thus is focused on gaining wallet share with vendor consolidation deals.

HCL Tech: Result Update - Q2 FY24 - 17 Oct 2023

Particulars

Q2FY24

YoY Trend

Comments

Revenue

26,672

+8%

Constant currency revenue was up 1% QoQ & up 3.4% YoY.
EBIDTA

5,929

+9%

 
Margins

22.2%

+30 bps

Margin performance improved with stronger services margin at 18.3% supported by ER&D margin of 19.2%
PAT

3,833

+10%

 

Revenue growth was tepid but margin improvement was a positive. FY24 growth guidance reduced to 5-6% CC from earlier 6-8%

HCL Technologies: Q1FY24 Result Update - 21 Jul 2023

Particulars

Q1FY24

YoY Trend

Comment

Revenue

26,296

12.1%

Revenue declined 1.1% sequentially, New deal bookings TCV of $1.56bn in Q1

EBITDA

5,365

7.8%

 

EBITDA Margin

20.4%

-80 bps

 

PAT

3,531

7.6%

 

Weak operational performance due to reduction in Digital spends. ER&D segment declined by 5% CC sequentially. However, management commentary is positive with expectation of strong deal bookings in Q2.

 

HCL Technologies: Q4FY23 Result Update - 28 Apr 2023

HCL Tech (HCLT) reported Q4FY23 revenues of US$3,235mn, down 0.3% QoQ in USD and down 1.2% QoQ in CC terms, with revenues in CC terms up 10.5% YoY. IT and business services (74% of revenues) grew 1.6% QoQ CC, ER&D (16% of revenues) declined 3.8% QoQ CC due to delays in decision-making in discretionary spending, and HCLT's software business (~10% of revenues) fell 14.6% QoQ CC due to seasonality. For FY23, the company's services segment grew 15.8% CC, slightly below the annual guidance of 16-16.5%, and Q4FY23 EBIT margin was 18.2% at Rs48bn.

Muted results due to decrease in margins

 

HCL Technologies: Q3FY23 Result Update - 19 Jan 2023

Market Cap: Rs. 3,02,400 Cr

CMP 1,110 | P/E 20x FY23

Results

INR Cr.

Y-o-Y Growth

Comments

Revenue

26,700

19.6%

Top performing verticals were Life Sciences & Healthcare, Manufacturing and Telecom & Media, delivering sequential growth of 5.5%, 4.9% and 4.5% in CC respectively.

EBIT

5,228

22.8%

Improved EBIT of 19.6% driven by improvements in services business

PAT

4,096

19.0%

Net Margin came in at 15.3% from 15.4% YoY

Click here for 10 year X-ray

Key Highlights:

·Company won 17 large deals – 7 services and 10 software, led by themes including operating model transformation, cloud adoption and   vendor consolidation across industry verticals including Financial Services, Retail & CPG and Manufacturing.

·HCLSoftware announced a multi-year partnership with the Formula One team Scuderia Ferrari with a focus on supplying high performance   precision technology.

·Services business grew 15.4% y-o-y and 2.2% sequentially in constant currency.

·Geography growth was once again led by Europe at 7.2% sequentially in constant currency, followed by Americas at 0.5% QoQ in constant   currency.

·Employee count at quarter end was 2,22,270. Net Additions of 2945, LTM Attrition came in at 21.7%

Management Outlook:

·Management sees continuing demand visibility in themes like IT operating model transformation and cloud adoption.

·Management has guided 13.5-14% YoY growth for company revenue in constant currency and 16-16.5% YoY growth in service   revenue   in constant currency for FY23.

·Management has guided that Q4 will be a seasonally weak quarter as a P&P performance peaks in Q3 with renewals and new deal   signings.

Key Ratios of HCL Tech.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
TCS 4,102.5 6.1 (0.2%) Large Cap 2,40,893 134.8 19.3 30.4 13.1
Infosys 1,859.9 -21 (-1.1%) Large Cap 1,53,670 66.6 17 27.9 7.9
HCL Tech. 1,713.8 -5.6 (-0.3%) Large Cap 1,09,913 62.9 14.3 27.3 6.3
Wipro 309.3 -3 (-1%) Large Cap 89,760 11.8 11.8 26.1 3.8
Tech Mahindra 1,670.1 -10.1 (-0.6%) Large Cap 51,996 38.3 4.7 43.6 6
LTIMindtree 5,843.9 -36.8 (-0.6%) Large Cap 35,517 154.3 12.9 37.9 7.8

Profit And Loss

(All Figures are in Crores.)
PARTICULARSJun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales36,70131,13647,56850,56960,42770,67675,37985,6511,01,4561,09,913
Operating Expenses 28,23024,48237,18939,33046,51153,39055,35465,12578,83285,733
Manufacturing Costs7676186697589281,0291,1301,4341,6441,433
Material Costs1,2717048151,3551,6961,5361,6951,4062,0051,797
Employee Cost 17,72615,20322,86624,72929,28334,92838,85346,13055,28062,480
Other Costs 8,4667,95712,83912,48814,60415,89713,67616,15519,90320,023
Operating Profit 8,4726,65410,37911,23913,91617,28620,02520,52622,62424,180
Operating Profit Margin (%) 23.1%21.4%21.8%22.2%23.0%24.5%26.6%24.0%22.3%22.0%
Other Income 1,1408661,0781,2249536199501,0711,3621,513
Interest 91748969174505511319353553
Depreciation 4044108281,3832,0733,4204,6114,3264,1454,173
Exceptional Items 0000000000
Profit Before Tax 9,1177,04110,54211,02412,62213,98015,85316,95119,48820,967
Tax 1,8151,4391,9362,3022,5022,9234,6843,4284,6435,257
Profit After Tax 7,3025,6028,6068,72210,12011,05711,16913,52314,84515,710
PAT Margin (%) 19.9%18.0%18.1%17.2%16.7%15.6%14.8%15.8%14.6%14.3%
Adjusted EPS (₹)26.019.930.231.437.340.741.149.754.757.8
Dividend Payout Ratio (%)58%40%40%19%11%25%24%84%88%90%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSJun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 24,10327,35332,92836,37441,36151,26759,91361,83265,01767,624
Share Capital 281282285278271543543543543543
Reserves 23,82227,07132,64336,09641,09050,72459,37061,28964,47467,081
Minority Interest82211173010315416992-78
Debt5239524383803,7014,6933,8283,9232,1112,238
Long Term Debt1687373833382,9772,8483,8283,9232,1112,223
Short Term Debt35521455427241,84500015
Trade Payables6257038019181,3051,1661,7262,2976,4285,853
Others Liabilities 14,8528,3109,7708,5149,65023,30919,37719,71318,61023,023
Total Liabilities 40,18637,53044,11046,18656,12080,58985,01387,85792,15998,746

Fixed Assets

Gross Block12,34313,76720,00024,63930,73047,23249,32150,08953,30357,504
Accumulated Depreciation4,0684,0514,7655,8867,8429,74212,17615,01218,68422,441
Net Fixed Assets8,2759,71615,23518,75322,88837,49037,14535,07734,61935,063
CWIP 55261144832023540031212940108
Investments 8696981,3062,6602,3057,0666,8626,3515,4957,137
Inventories158264276172919194161228185
Trade Receivables6,5397,7218,3019,63911,70614,13113,66315,47625,50625,521
Cash Equivalents 9,7869,3359,0444,0187,8724,9768,88812,63614,72420,150
Others Assets14,0089,1849,50010,62411,02316,43518,04918,02711,54710,582
Total Assets 40,18637,53044,11046,18656,12080,58985,01387,85792,15998,746

Cash Flow

(All Figures are in Crores.)
PARTICULARSJun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 5,5393,8238,9958,3288,97113,35919,61816,90018,00922,448
PBT 9,1177,04110,54211,02412,62213,98015,85316,95219,48820,967
Adjustment -615-3061398941,4363,4974,1693,9403,5243,388
Changes in Working Capital -1188-1503321-1234-2466-15603041-549-13052305
Tax Paid -1,774-1,409-2,007-2,356-2,621-2,558-3,445-3,443-3,698-4,212
Cash Flow From Investing Activity -2,014-2,189-3,833-2,283-3,073-12,374-5,7301,477-3,931-6,723
Capex -1,202-748-3,811-5,321-3,434-1,829-1,753-1,555-1,444-1,016
Net Investments -718-1,056-893,980-1,924-5,671-3,136912-3,553-6,992
Others -94-38567-9422,285-4,874-8412,1201,0661,285
Cash Flow From Financing Activity -3,140-2,237-4,517-5,714-1,471-3,168-11,192-14,508-15,881-15,464
Net Proceeds from Shares 10100000000
Net Proceeds from Borrowing 47610-213-1062,970-242490-60-1,848-181
Interest Paid -24-8-19-14-71-136-139-69-80-64
Dividend Paid -2,385-2,251-3,386-1,691-1,099-1,357-3,256-11,391-12,995-14,073
Others -789-589-899-3,903-3,271-1,433-8,287-2,988-958-1,146
Net Cash Flow 385-6036453314,427-2,1832,6963,869-1,803261
PARTICULARSJun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)33.6221.7728.5525.1726.0423.8720.0922.2223.4123.69
ROCE (%)40.5326.6734.2931.4831.0228.4227.2326.6329.7131.13
Asset Turnover Ratio10.81.171.121.181.030.910.991.131.15
PAT to CFO Conversion(x)0.760.681.050.950.891.211.761.251.211.43
Working Capital Days
Receivable Days61846165646767627485
Inventory Days1222100111
Payable Days1573453372322392943115227941,247

HCL Technologies Ltd Stock News

HCL Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of HCL Tech. on 30-Jan-2025 16:59 is ₹1,713.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 30-Jan-2025 16:59 the market cap of HCL Tech. stood at ₹4,65,067.9.
The latest P/E ratio of HCL Tech. as of 30-Jan-2025 16:59 is 38.81.
The latest P/B ratio of HCL Tech. as of 30-Jan-2025 16:59 is 11.65.
The 52-week high of HCL Tech. is ₹2,011 and the 52-week low is ₹1,235.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HCL Tech. is ₹49,750 ( Cr.) .

About HCL Technologies Ltd

HCL Technologies Ltd. is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. HCL also takes pride in its many diversity, social responsibility, sustainability, and education initiatives. Through its worldwide network of R&D facilities and co-innovation labs, global delivery capabilities, HCL delivers holistic services across industry verticals to leading enterprises.

Business area of the company

HCL Technologies is a leading global IT services company. Enterprises across industries stand at an inflection point. In order to thrive in the digital age, technologies such as analytics, cloud, IoT, and automation occupy center stage. In order to offer enterprises the maximum benefit of these technologies to further their business objectives, HCL offers an integrated portfolio of products and services through three business units. These are IT and Business Services (ITBS), Engineering and R&D Services (ERS), and Products and Platforms (P&P).

ITBS enables global enterprises to transform their businesses via Digital Foundation, Its modernized infrastructure stack built around hybrid cloud, software-defined networks, the digital workplace, and other elements; Digital Business, a combination of its application services and consulting capabilities; and Digital Operations, a three-pronged setup for modernized and efficient operations at enterprise level. ERS offers engineering services and solutions in all aspects of product development and platform engineering. Under P&P, HCL provides modernized software products to global clients for their technological and industry-specific requirements.

Products/Services of the company

  • IT Infrastructure Management Services
  • Applications
  • Engineering and R&D Services
  • Digital Process Operations
  • Cloud Native Services
  • Cybersecurity
  • Digital & Analytics
  • DRYiCE
  • IoT WoRKS
  • HCL Software
  • SIAM/XaaS Products & Advanced Services
  • Enterprise Studio

Awards

  • HCL Samuday and Project Clean NOIDA awarded Fabulous Global Smart Cities Leaders at the 9th edition of the World CSR Day Congress and Awards.
  • Won the Asia-Pacific Enterprise Leadership Award (APELA) 2013. 
  • Conferred the United Nations-Women Empowerment (UN-WEP) Leadership Award 2013.
  • Wins IT Europa European IT Excellence Awards 2013.
  • Ranks among the Top 10 Solution Providers in Consumer Goods Technology’s 2013 Readers’ Choice Awards.
  • Wins the ICSI National Award for Excellence in Corporate Governance, for 2012.
  • In 2012, for the fourth time in a row, WorldBlu lists HCL as one of the Most Democratic Workplaces in the World.
  • Won the Nasscom Innovation Award 2012 for Market Facing Innovation.
  • In 2012, it was recognized as one of Britain’s Top Employers for the 5th consecutive year, for its innovative Employees First philosophy.
  • HCL Customer Standard Parking Wins Oracle’s ‘Empower the Green Enterprise’ Award.     
  • HCL Receives 6 HR Congress Awards 2008 - a recognition for having great human resources practices.
  • HCL received the NASSCOM Corporate Award for ‘Excellence in Gender Inclusion’. 
  • HCL has been recognized by Jobsforher for Top 5 Most Innovative Practices: DivHERsity Programs. 
  • HCL has been recognized as the Best 50 People Capital Index (PCI) companies for 2019.
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