HCL Technologies logo

HCL Technologies share price

NSE: HCLTECHBSE: 532281IT - SoftwareLarge Cap

HCL Technologies Limited · Face value ₹2 · Listed Jan 2000
Last close ₹1,428.10up ₹24.20 (1.72%)BSE ₹1,428.00

Share price at the NSE close on 30 Oct 2026. Previous close ₹1,403.90.

30 Oct: open ₹1,410.00, high ₹1,452.00, low ₹1,410.00

52-week range of traded prices to 30 Oct 2026
₹1,030.00Low, 1 Jul 2026₹1,780.10High, 3 Feb 2026
Market cap
₹3,87,539 Cr19th largest listed
P/E
21.15
P/B
5.09
Dividend yield
4.20%
ROE
24.9%
ROCE
31.4%
Debt to equity
0.01
Volume, NSE
44,32,26758.0% delivered

HCL Technologies share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−7.9%over a year · Nifty IT −9.2% · Nifty 500 −8.2%

Results20-session average 49,11,163 shares a day, 50.0% delivered

About HCL Technologies

HCL Technologies Limited (HCLTech) is a technology company that sells IT services, engineering and research and development (R&D) services, and software products and platforms to businesses around the world.1 Its work centres on AI, digital, engineering, cloud and software, and it aims its services at large global companies, organisations of similar size and fast-growing enterprises.12 Its registered office is in New Delhi and its corporate office in Noida, Uttar Pradesh.3

It reports its results through IT and Business Services, which covers applications, infrastructure, cloud, AI and business process operations; Engineering and R&D Services, which designs products, modernises platforms and builds physical and digital systems for clients; and HCLSoftware, its products and platforms business.14 It has no manufacturing plants; it works from development centres and offices in India and abroad, with a delivery network spanning 60 countries.56 Most of its revenue comes from clients outside India, mainly companies based in the US and Europe.7 It had 2,30,339 employees at the end of September 2026.8

It was incorporated in 1991.3 In 2024 it integrated the Communications Technology Group business of Hewlett Packard Enterprise (HPE).9 In the year to Mar 2026 it bought Wobby, a Belgian start-up whose AI agents analyse data warehouses, on 20 Feb 2026, and Finergic, a Singapore firm that runs core banking and wealth management projects, on 6 Mar 2026.1011 Roshni Nadar Malhotra, a non-executive director, chairs the board, and C. Vijayakumar is chief executive officer and managing director.12

HCL Technologies key points

Results

  • Consolidated revenue was ₹1,30,144 crore in the year to Mar 2026, up 11.2% from ₹1,17,055 crore a year earlier, and profit for the year was ₹16,652 crore, against ₹17,399 crore.1314
  • Results for the year to Mar 2026 included a one-time ₹956 crore charge for the new labour codes; excluding it and restructuring costs, the EBIT margin (earnings before interest and tax as a share of revenue) was 17.9%.15
  • In the quarter to Sep 2026, revenue was $3,724 million, up 2.6% from a year earlier in constant currency (at the previous year's exchange rates).16
  • EBIT was $677 million, 18.2% of revenue, and net income $538 million, 14.4% of revenue, in the quarter to Sep 2026.17

Business segments

  • Revenue by segment18
    Itemyear to Mar 2026year to Mar 2025
    IT and Business Services₹96,095 crore₹86,438 crore
    Engineering and R&D Services₹22,063 crore₹18,960 crore
    HCLSoftware₹12,397 crore₹12,049 crore
    Inter-segment revenue (sales between segments), deducted₹(411) crore₹(392) crore
  • In the quarter to Sep 2026, in constant currency, IT and Business Services revenue grew 4.4% from a year earlier and Engineering and R&D Services 2.1%, while HCLSoftware revenue fell 11.2% to $294 million.1920
  • HCLSoftware had fewer multi-year licences up for renewal in the quarter to Sep 2026 than a year earlier.20

Revenue mix

  • Share of services revenue by industry2122
    Itemyear to Mar 2026
    Financial services21.4%
    Manufacturing18.6%
    Technology and services14.8%
    Life sciences and healthcare14.2%
    Telecom, media, publishing and entertainment12.1%
    Retail and consumer goods9.7%
    Public services9.2%
  • Share of revenue by region23
    Itemyear to Mar 2026year to Mar 2025
    United States55.5%58.1%
    Europe28.1%26.7%
    India3.0%3.1%
    Rest of the world13.4%12.1%

Customers and partners

  • Clients by yearly revenue to the company2425
    Itemyear to Mar 2026year to Mar 2025
    $100 million or more2322
    $50 million or more6052
    $1 million or more976–
  • It serves half of the G500 and is a partner to 40% of G2000 enterprises (lists of the world's largest companies), the company says.2627
  • New deals won in the year to Mar 2026 had a total contract value (the full value over each contract's life) of $9.3 billion; in the quarter to Sep 2026, new bookings were $3.3 billion, up 27% from a year earlier.2829

Advanced AI

  • Advanced AI revenue (the company's term for work spanning physical AI, built into machines, and agentic AI) was $219 million in the quarter to Sep 2026, up 78% year on year in constant currency, an annualised $876 million (scaled to a year).3031
  • The company says it was the first large-cap technology services company headquartered in India to report Advanced AI revenue.32
  • Its agentic AI offerings (AI that carries out tasks on its own) passed $100 million of revenue in the quarter to Sep 2026.33

Expansion and capital spending

  • In its exchange filing of 13 Jul 2026, the company said its board had approved up to ₹3,500 crore to set up AI data centres in India, with the potential to scale to 50MW (megawatts) of capacity.3435
  • On 25 Jun 2026 it invested ₹1,427.25 crore in Axonwise Private Limited (Sarvam AI) for a 10.46% stake, held as preference shares that are to be converted into equity shares later.36
  • On its earnings call of 12 Oct 2026, the company said it plans its first AI data centre in Bhubaneswar, with Sarvam AI and the Government of Odisha.3738

What the company expects

  • On its earnings call of 12 Oct 2026, the company said it expects revenue in the year to Mar 2027 to grow 2.5% to 4% in constant currency, including acquisitions, with services revenue up 3% to 4% and an EBIT margin of 17.5% to 18.5%.39
  • The company stated in its annual report for the year to Mar 2026 that in April 2026 its board extended its policy of paying out at least 75% of net income, counted cumulatively up to the year to Mar 2031.40

Recent events

  • On 12 Oct 2026 the company announced a global partnership with Anthropic, an AI company, and said it plans an Anthropic business unit and a centre of excellence to deploy Anthropic's Claude at enterprises.38
  • On 1 Aug 2026 the company completed buying HPE's Telco Solutions business, adding software for operations support systems (which telecom operators use to run their networks) and 5G subscriber data management.4142
  • On 31 Jul 2026 it completed buying 100% of Guardian India Operations Private Limited. Guardian Life Insurance has chosen it for a multiyear partnership in which Guardian is to use its AI Force platform.4344
  • On 2 Jul 2026 it signed a partnership with a Europe-based company on the Fortune Global 50 (a list of the world's 50 largest companies) to run its workplace technology and networks, estimated at $1.14 billion to December 2031, all new business.45

Last updated

All 45 sources, each with its page
  1. 1. Annual report, 20 Jul 2026, page 108
  2. 2. Annual report, 20 Jul 2026, page 238
  3. 3. Annual report, 20 Jul 2026, page 2
  4. 4. Annual report, 20 Jul 2026, page 53
  5. 5. Annual report, 20 Jul 2026, page 225
  6. 6. Annual report, 20 Jul 2026, page 152
  7. 7. Annual report, 20 Jul 2026, page 129
  8. 8. Earnings call, 12 Oct 2026, page 5
  9. 9. Annual report, 20 Jul 2026, page 116
  10. 10. Annual report, 20 Jul 2026, page 153
  11. 11. Annual report, 20 Jul 2026, page 483
  12. 12. Annual report, 20 Jul 2026, page 228
  13. 13. Annual report, 20 Jul 2026, page 152
  14. 14. Annual report, 20 Jul 2026, page 105
  15. 15. Annual report, 20 Jul 2026, page 106
  16. 16. Earnings call, 12 Oct 2026, page 12
  17. 17. Earnings call, 12 Oct 2026, page 14
  18. 18. Annual report, 20 Jul 2026, page 139
  19. 19. Earnings call, 12 Oct 2026, page 4
  20. 20. Earnings call, 12 Oct 2026, page 13
  21. 21. Annual report, 20 Jul 2026, page 118
  22. 22. Annual report, 20 Jul 2026, page 108
  23. 23. Annual report, 20 Jul 2026, page 139
  24. 24. Annual report, 20 Jul 2026, page 118
  25. 25. Annual report, 20 Jul 2026, page 126
  26. 26. Annual report, 20 Jul 2026, page 118
  27. 27. Annual report, 20 Jul 2026, page 44
  28. 28. Annual report, 20 Jul 2026, page 107
  29. 29. Earnings call, 12 Oct 2026, page 5
  30. 30. Earnings call, 12 Oct 2026, page 4
  31. 31. Annual report, 20 Jul 2026, page 53
  32. 32. Annual report, 20 Jul 2026, page 30
  33. 33. Earnings call, 12 Oct 2026, page 8
  34. 34. Exchange filing, 13 Jul 2026, page 1
  35. 35. Exchange filing, 13 Jul 2026, page 3
  36. 36. Exchange filing, 25 Jun 2026, page 1
  37. 37. Earnings call, 12 Oct 2026, page 9
  38. 38. Earnings call, 12 Oct 2026, page 10
  39. 39. Earnings call, 12 Oct 2026, page 12
  40. 40. Annual report, 20 Jul 2026, page 83
  41. 41. Exchange filing, 1 Aug 2026, page 1
  42. 42. Earnings call, 12 Oct 2026, page 11
  43. 43. Exchange filing, 1 Aug 2026, page 1
  44. 44. Earnings call, 12 Oct 2026, page 6
  45. 45. Exchange filing, 3 Jul 2026, page 1

Results

Consolidated; ₹ crore.HCL Technologies quarterly results

Revenue growth, 12 months
+12.8%
Net profit growth, 12 months
+7.9%

Quarter to Sep 2026, against the quarter before

Revenue
₹35,620 Crup 3.01%
Net profit
₹5,132 Crup 10.94%
Net margin
14.4%

Revenue by quarter

₹29,890 CrDec 24₹30,246 CrMar 25₹30,349 CrJun 25₹31,942 CrSep 25₹33,872 CrDec 25₹33,981 CrMar 26₹34,579 CrJun 26₹35,620 CrSep 26
Peak revenue ₹35,620 Cr, quarter to Sep 2026; lowest ₹29,890 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹4,594 CrDec 24₹4,309 CrMar 25₹3,844 CrJun 25₹4,236 CrSep 25₹4,082 CrDec 25₹4,490 CrMar 26₹4,626 CrJun 26₹5,132 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue29,89030,24630,34931,94233,87233,98134,57935,620
Net profit4,5944,3093,8444,2364,0824,4904,6265,132
Net margin15.4%14.2%12.7%13.3%12.1%13.2%13.4%14.4%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • IT and Business Services₹96,095 Crup 11.17%73.6%
  • Engineering and R&D Services₹22,063 Crup 16.37%16.9%
  • HCL Software₹12,397 Crup 2.89%9.5%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.HCL Technologies PE ratio and valuation

Price to earnings

At or below today's level on 60% of 2,479 trading days over the last 10 years.

LowestHighest
Its median19.79Industry median15.71
Price to book

At or below today's level on 61% of 1,988 trading days since Oct 2018.

LowestHighest
Its median4.75Industry median2.49
Dividend yield

At or below today's level on 83% of 2,479 trading days over the last 10 years.

LowestHighest
Its median2.95%Industry median1.41%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−11.3%−4.2%−12.1%4.5%
3 years+11.2%+3.9%+3.3%3.9%
5 years+10.4%+8.4%−1.8%4.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.HCL Technologies shareholding pattern

Shareholding by group

  • Promoters60.88%
  • Foreign institutions15.33%
  • Indian institutions18.94%
  • Individuals and others4.59%
  • Employee trusts0.26%
Holder
Vama Sundari Investments (Delhi) Pvt. Ltd.Promoter44.23%
HCL Holdings Private Ltd.Promoter16.46%
Life Insurance Corporation of IndiaInsurance companies7.07%
Artisan International Value FundForeign portfolio investors, category I2.03%
NPS TrustProvident and pension funds1.24%
Kiran Nadar Museum of ArtPromoter0.08%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.43 pts, Indian institutions +0.16 pts, mutual funds +0.30 pts.

Mutual fund holdings

351 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 192 of the 226 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 351 funds holding HCL Technologies

Bought for the first time
5
Bought again
3
Added
112
Cut
114
Held unchanged
114
Sold out
20
Fund
PPFAS Mutual Fund logoParag Parikh Flexi Cap FundPPFAS Mutual Fund4,66,63,7053.96%₹5,739.6 Cr
HDFC Mutual Fund logoHDFC Flexi Cap FundHDFC Mutual Fund2,15,11,3922.44%₹2,645.9 Cr
SBI Mutual Fund logoSBI Nifty 50 ETFSBI Mutual Fund2,04,34,7601.24%₹2,513.5 Cr
SBI Mutual Fund logoSBI BSE Sensex ETFSBI Mutual Fund1,42,20,9931.51%₹1,747.8 Cr
HDFC Mutual Fund logoHDFC Balanced Advantage FundHDFC Mutual Fund1,01,04,4201.21%₹1,242.8 Cr
HDFC Mutual Fund logoHDFC Focused FundHDFC Mutual Fund76,47,1623.54%₹940.6 Cr
UTI Mutual Fund logoUTI Nifty 50 ETFUTI Mutual Fund70,07,9741.24%₹862.0 Cr
UTI Mutual Fund logoUTI BSE Sensex ETFUTI Mutual Fund67,01,0361.51%₹823.6 Cr
Nippon India Mutual Fund logoNippon India ETF Nifty 50 BeESNippon India Mutual Fund65,60,1381.24%₹806.9 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Balanced Advantage FundICICI Prudential Mutual Fund62,97,7761.08%₹774.6 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 31 Oct 2025.HCL Technologies insider trading

Bought on the market Sold on the market
  • Promoters and promoter group18 purchases, 0 sales₹235 CrNo saleNet₹235 Cr
  • Directors and key managers0 purchases, 2 salesNo purchase₹6.86 CrNet−₹6.86 Cr1 off-market move
  • Others0 purchases, 59 salesNo purchase₹42 CrNet−₹42 Cr1 pledge invoked by a lender · 1 pledge filing of unclear kind · 145 off-market moves
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

HCL Technologies competitors and peers

Computers - Software & Consulting, 99 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to HCL Technologies in market cap.IT companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Tata Consultancy Services logoTata Consultancy ServicesTCS9,05,46317.557.61+9.9%+4.4%45.8%58.0%4.48%
Infosys logoInfosysINFY4,80,90615.644.85+11.7%+9.3%30.4%39.9%2.11%
Wipro logoWiproWIPRO1,96,43114.912.49+8.2%−2.4%16.0%15.9%4.03%
Tech Mahindra logoTech MahindraTECHM1,75,52731.815.92+13.6%+23.7%19.3%26.7%2.85%
LTM logoLTMLTM1,25,57524.024.85+14.7%+7.4%21.2%27.3%1.84%
Persistent Systems logoPersistent SystemsPERSISTENT1,00,29655.62–+27.1%+8.3%22.9%27.2%0.66%
Coforge logoCoforgeCOFORGE90,60146.224.05+41.2%+68.0%13.4%10.7%0.59%
MphasiS logoMphasiSMPHASIS48,22625.244.49+13.7%+9.8%18.8%19.9%2.45%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.HCL Technologies dividend history

Dividend per share, ₹, restated for later splits and bonuses

4Mar 184Mar 196Mar 2026Mar 2144Mar 2248Mar 2352Mar 2460Mar 2560Mar 2624Mar 27so far
Highest ₹60.00 a share, years to Mar 2025 and Mar 2026.
Ex-dateTypePer share
16 Oct 2026Interim₹12.00
17 Jul 2026Interim₹12.00
24 Apr 2026Interim₹24.00
16 Jan 2026Interim₹12.00
17 Oct 2025Interim₹12.00
18 Jul 2025Interim₹12.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.HCL Technologies announcements

HCL Technologies share price by year

Each calendar year to 2025.HCL Technologies share price history

YearClose at year endChangeHighest closeLowest close
20251,623.30−15.3%1,995.101,374.10
20241,917.40+30.8%1,968.801,303.55
20231,466.10+41.1%1,504.301,032.80
20221,039.30−21.2%1,352.15883.15
20211,319.10+39.4%1,358.20898.95
2020946.15+66.5%946.15405.80
2019568.10+17.8%591.68466.18
2018482.18+8.3%558.18439.35
2017445.25+7.6%468.63400.13
2016413.98−3.2%440.15354.38
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 20261,405.001,421.901,391.101,403.901,403.1530,93,42859.2%
28 Oct 20261,385.001,401.401,364.001,400.501,386.3218,72,51848.1%
27 Oct 20261,410.001,420.001,391.001,420.001,412.9045,48,44071.5%
26 Oct 20261,392.001,422.701,386.001,417.001,414.2933,92,94357.8%
23 Oct 20261,450.401,467.501,415.001,422.201,435.2744,22,38344.3%
22 Oct 20261,422.801,427.901,395.301,421.701,414.1535,98,91957.5%
21 Oct 20261,402.501,424.201,390.001,424.201,405.6542,77,19654.8%
19 Oct 20261,382.101,399.501,359.001,379.901,378.8239,94,29348.4%
16 Oct 20261,360.001,384.801,348.601,380.001,371.7765,71,41252.6%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
5 Dec 2019Bonus0.5000Holders received 1 bonus share for every 1 held.
19 Mar 2015Bonus0.5000Holders received 1 bonus share for every 1 held.
15 Mar 2007Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Roshni Nadar Malhotra
At the end of the quarter to Sep 2026
Managing director and CEO
Vijayakumar Chinnaswamy
At the end of the quarter to Sep 2026
NSE symbol
HCLTECH
BSE code
532281
ISIN
INE860A01027
Industry
IT - Software
CIN
L74140DL1991PLC046369
Corporate identity number, the registrar of companies' code for it
Incorporated
1991
Registered office
806, Siddharth 96, Nehru Place, New Delhi 110019, Delhi
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments