BSE: 532281 | NSE: HCLTECH | IT - Software | Large Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that HCL Technologies Ltd is a good quality company.
The key valuation ratios of HCL Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of HCL Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 40.5% | 26.7% | 34.3% | 31.5% | 31% | 28.4% | 27.2% | 26.6% | 29.7% | 31.1% | - |
| Value Creation Index ⓘ | 2.6 | 1.4 | 2.1 | 1.8 | 1.8 | 1.5 | 1.4 | 1.4 | 1.6 | 1.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 36,701 | 41,515 | 47,568 | 50,569 | 60,427 | 70,676 | 75,379 | 85,651 | 1,01,456 | 1,09,913 | 1,13,864 |
| Sales YoY Gr. | - | 13.1% | 14.6% | 6.3% | 19.5% | 17% | 6.7% | 13.6% | 18.5% | 8.3% | - |
| Adj EPS ⓘ | 25.4 | 25.8 | 29.6 | 29.5 | 36.4 | 40.5 | 40.8 | 48.9 | 54.1 | 57.9 | 62 |
| YoY Gr. | - | 1.7% | 14.6% | -0.4% | 23.6% | 11.3% | 0.5% | 19.9% | 10.7% | 7.1% | - |
| BVPS (₹) ⓘ | 85.7 | 129.3 | 115.5 | 130.8 | 152.6 | 188.8 | 220.7 | 227.7 | 239.5 | 249.1 | 253.8 |
| Adj Net Profit ⓘ | 7,140 | 7,280 | 8,439 | 8,204 | 9,879 | 11,000 | 11,058 | 13,262 | 14,677 | 15,712 | 16,827 |
| Cash Flow from Ops. ⓘ | 5,539 | 5,097 | 8,995 | 8,328 | 8,971 | 13,359 | 19,618 | 16,900 | 18,009 | 22,448 | - |
| Debt/CF from Ops. ⓘ | 0.1 | 0.3 | 0.1 | 0.1 | 0.5 | 0.4 | 0.2 | 0.2 | 0.1 | 0.1 | - |
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% | ||||
| BVPSⓘ | 12.6% | 10.3% | 4.1% | 4% | ||||
| Share Price | 17.1% | 27.7% | 15.7% | 30.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 32.6 | 21.2 | 28 | 23.7 | 25.4 | 23.8 | 19.9 | 21.8 | 23.1 | 23.5 | 24.7 |
| Op. Profit Mgn % ⓘ | 23.1 | 21.4 | 21.8 | 22.2 | 23.1 | 24.5 | 26.6 | 24 | 22.3 | 22 | 22 |
| Net Profit Mgn % ⓘ | 19.4 | 17.5 | 17.7 | 16.2 | 16.4 | 15.6 | 14.7 | 15.5 | 14.5 | 14.3 | 14.8 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 181 | 222 | 135 | 139 | 131 | 138 | 151 | 140 | 128 | 122 | 93 |
| Cash Conv. Cycle ⓘ | 52 | 72 | 53 | 55 | 53 | 56 | 56 | 49 | 49 | 53 | 58 |
Return on Equity has increased versus last 3 years average to 24.70%
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 7.14%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 43.5 | 62 |
| TTM Sales (₹ Cr.) | 49,007 | 1,13,864 |
| BVPS (₹.) ⓘ | 134.2 | 253.8 |
| Reserves (₹ Cr.) ⓘ | 35,867 | 68,332 |
| P/BV ⓘ | 14.13 | 7.47 |
| PE ⓘ | 43.58 | 30.58 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1235.00 / 1979.45 |
| All Time Low / High (₹) | 12.92 / 1979.45 |
| Market Cap (₹ Cr.) | 5,14,592 |
| Equity (₹ Cr.) | 542.7 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 36 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 36,701 | 31,136 | 47,568 | 50,569 | 60,427 | 70,676 | 75,379 | 85,651 | 1,01,456 | 1,09,913 |
| Operating Expenses ⓘ | 28,230 | 24,482 | 37,189 | 39,330 | 46,511 | 53,390 | 55,354 | 65,125 | 78,832 | 85,733 |
| Manufacturing Costs | 767 | 618 | 669 | 758 | 928 | 1,029 | 1,130 | 1,434 | 1,644 | 1,433 |
| Material Costs | 1,271 | 704 | 815 | 1,355 | 1,696 | 1,536 | 1,695 | 1,406 | 2,005 | 1,797 |
| Employee Cost | 17,726 | 15,203 | 22,866 | 24,729 | 29,283 | 34,928 | 38,853 | 46,130 | 55,280 | 62,480 |
| Other Costs ⓘ | 8,466 | 7,957 | 12,839 | 12,488 | 14,604 | 15,897 | 13,676 | 16,155 | 19,903 | 20,023 |
| Operating Profit ⓘ | 8,472 | 6,654 | 10,379 | 11,239 | 13,916 | 17,286 | 20,025 | 20,526 | 22,624 | 24,180 |
| 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 ⓘ | 1,140 | 866 | 1,078 | 1,224 | 953 | 619 | 950 | 1,071 | 1,362 | 1,513 |
| Interest ⓘ | 91 | 74 | 89 | 69 | 174 | 505 | 511 | 319 | 353 | 553 |
| Depreciation ⓘ | 404 | 410 | 828 | 1,383 | 2,073 | 3,420 | 4,611 | 4,326 | 4,145 | 4,173 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 9,117 | 7,041 | 10,542 | 11,024 | 12,622 | 13,980 | 15,853 | 16,951 | 19,488 | 20,967 |
| Tax ⓘ | 1,815 | 1,439 | 1,936 | 2,302 | 2,502 | 2,923 | 4,684 | 3,428 | 4,643 | 5,257 |
| Profit After Tax | 7,302 | 5,602 | 8,606 | 8,722 | 10,120 | 11,057 | 11,169 | 13,523 | 14,845 | 15,710 |
| PAT Margin (%) | 19.9% | 18.0% | 18.1% | 17.2% | 16.7% | 15.6% | 14.8% | 15.8% | 14.6% | 14.3% |
| Adjusted EPS (₹) | 26.0 | 19.9 | 30.2 | 31.4 | 37.3 | 40.7 | 41.1 | 49.7 | 54.7 | 57.8 |
| Dividend Payout Ratio (%) | 58% | 40% | 40% | 19% | 11% | 25% | 24% | 84% | 88% | 90% |
| PARTICULARS | Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 24,103 | 27,353 | 32,928 | 36,374 | 41,361 | 51,267 | 59,913 | 61,832 | 65,017 | 67,624 |
| Share Capital ⓘ | 281 | 282 | 285 | 278 | 271 | 543 | 543 | 543 | 543 | 543 |
| Reserves ⓘ | 23,822 | 27,071 | 32,643 | 36,096 | 41,090 | 50,724 | 59,370 | 61,289 | 64,474 | 67,081 |
| Minority Interest | 82 | 211 | 173 | 0 | 103 | 154 | 169 | 92 | -7 | 8 |
| Debt | 523 | 952 | 438 | 380 | 3,701 | 4,693 | 3,828 | 3,923 | 2,111 | 2,238 |
| Long Term Debt | 168 | 737 | 383 | 338 | 2,977 | 2,848 | 3,828 | 3,923 | 2,111 | 2,223 |
| Short Term Debt | 355 | 214 | 55 | 42 | 724 | 1,845 | 0 | 0 | 0 | 15 |
| Trade Payables | 625 | 703 | 801 | 918 | 1,305 | 1,166 | 1,726 | 2,297 | 6,428 | 5,853 |
| Others Liabilities ⓘ | 14,852 | 8,310 | 9,770 | 8,514 | 9,650 | 23,309 | 19,377 | 19,713 | 18,610 | 23,023 |
| Total Liabilities ⓘ | 40,186 | 37,530 | 44,110 | 46,186 | 56,120 | 80,589 | 85,013 | 87,857 | 92,159 | 98,746 |
Fixed Assets | ||||||||||
| Gross Block | 12,343 | 13,767 | 20,000 | 24,639 | 30,730 | 47,232 | 49,321 | 50,089 | 53,303 | 57,504 |
| Accumulated Depreciation | 4,068 | 4,051 | 4,765 | 5,886 | 7,842 | 9,742 | 12,176 | 15,012 | 18,684 | 22,441 |
| Net Fixed Assetsⓘ | 8,275 | 9,716 | 15,235 | 18,753 | 22,888 | 37,490 | 37,145 | 35,077 | 34,619 | 35,063 |
| CWIP ⓘ | 552 | 611 | 448 | 320 | 235 | 400 | 312 | 129 | 40 | 108 |
| Investmentsⓘ | 869 | 698 | 1,306 | 2,660 | 2,305 | 7,066 | 6,862 | 6,351 | 5,495 | 7,137 |
| Inventories | 158 | 264 | 276 | 172 | 91 | 91 | 94 | 161 | 228 | 185 |
| Trade Receivables | 6,539 | 7,721 | 8,301 | 9,639 | 11,706 | 14,131 | 13,663 | 15,476 | 25,506 | 25,521 |
| Cash Equivalents | 9,786 | 9,335 | 9,044 | 4,018 | 7,872 | 4,976 | 8,888 | 12,636 | 14,724 | 20,150 |
| Others Assetsⓘ | 14,008 | 9,184 | 9,500 | 10,624 | 11,023 | 16,435 | 18,049 | 18,027 | 11,547 | 10,582 |
| Total Assets ⓘ | 40,186 | 37,530 | 44,110 | 46,186 | 56,120 | 80,589 | 85,013 | 87,857 | 92,159 | 98,746 |
| PARTICULARS | Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 5,539 | 3,823 | 8,995 | 8,328 | 8,971 | 13,359 | 19,618 | 16,900 | 18,009 | 22,448 |
| PBT ⓘ | 9,117 | 7,041 | 10,542 | 11,024 | 12,622 | 13,980 | 15,853 | 16,952 | 19,488 | 20,967 |
| Adjustment ⓘ | -615 | -306 | 139 | 894 | 1,436 | 3,497 | 4,169 | 3,940 | 3,524 | 3,388 |
| Changes in Working Capital ⓘ | -1188 | -1503 | 321 | -1234 | -2466 | -1560 | 3041 | -549 | -1305 | 2305 |
| 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 | -5,730 | 1,477 | -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 | -89 | 3,980 | -1,924 | -5,671 | -3,136 | 912 | -3,553 | -6,992 |
| Others ⓘ | -94 | -385 | 67 | -942 | 2,285 | -4,874 | -841 | 2,120 | 1,066 | 1,285 |
| 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 ⓘ | 10 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 47 | 610 | -213 | -106 | 2,970 | -242 | 490 | -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 | -603 | 645 | 331 | 4,427 | -2,183 | 2,696 | 3,869 | -1,803 | 261 |
| PARTICULARS | Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 33.62 | 21.77 | 28.55 | 25.17 | 26.04 | 23.87 | 20.09 | 22.22 | 23.41 | 23.69 |
| ROCE (%) | 40.53 | 26.67 | 34.29 | 31.48 | 31.02 | 28.42 | 27.23 | 26.63 | 29.71 | 31.13 |
| Asset Turnover Ratio | 1 | 0.8 | 1.17 | 1.12 | 1.18 | 1.03 | 0.91 | 0.99 | 1.13 | 1.15 |
| PAT to CFO Conversion(x) | 0.76 | 0.68 | 1.05 | 0.95 | 0.89 | 1.21 | 1.76 | 1.25 | 1.21 | 1.43 | Working Capital Days |
| Receivable Days | 61 | 84 | 61 | 65 | 64 | 67 | 67 | 62 | 74 | 85 |
| Inventory Days | 1 | 2 | 2 | 2 | 1 | 0 | 0 | 1 | 1 | 1 |
| Payable Days | 157 | 345 | 337 | 232 | 239 | 294 | 311 | 522 | 794 | 1,247 |
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
Awards
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With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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