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Company details

1,346.00
1,360.00
1,087.05
1,697.35
6M Return 1.52%
1Y Return 21.84%
Mkt Cap.(Cr) 366,141.25
Volume 547,759
Div Yield 3.84%
OI
-
OI Chg %
-
Volume 547,759

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IT Consulting & Software company HCL Technologies announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue of Rs 28,499 Crore, up 0.2% QoQ & up 7.1% YoY.
  • Constant Currency (CC) Revenue up 0.3% QoQ & up 6.0% YoY.
  • USD Revenue of USD 3,430 Mn, up 0.4% QoQ & up 6.0% YoY.
  • EBIT at Rs 5,018 Crore (17.6% of revenue), down 10.6% QoQ & up 3.8% YoY
  • Net Income at Rs 3,986 Crore (14.0% of revenue), down 8.4% QoQ & up 0.1% YoY
  • ROIC (on LTM basis) – Company at 33.8%, up 341 bps YoY; Services at 41.6%, up 430 bps YoY

FY24 Financial Highlights:

  • Revenue of Rs 1,09,913 Crore, up 8.3%
  • Constant Currency (CC) Revenue up 5.0%
  • USD Revenue of USD 13,270 Mn, up 5.4%
  • EBIT at Rs 20,027 Crore (18.2% of revenue), up 8.4%
  • Net Income at Rs 15,702 Crore (14.3% of revenue), up 5.7%
  • EPS (Diluted) at Rs 57.86, up 5.6%
  • ROIC – Company at 33.8%, up 341 bps; Services at 41.6%, up 430 bps

C Vijayakumar, CEO & Managing Director, HCLTech said, "HCLTech continues to lead the industry in FY24 with good USD revenue growth of 5.4% YoY during challenging times through our strong commitment to our clients and our people. More importantly, we have translated this growth into even higher value creation for our shareholders with our OCF coming at USD 2,711 Mn, up 21.6% YoY and FCF at USD 2,584 Mn, up 27.7% YoY. As we look ahead, global enterprise technology spend will only grow with adoption of AI. We are well positioned to capitalize with our AI led propositions, Global delivery model and ideal mix of technology services and products.”

Prateek Aggarwal, Chief Financial Officer, HCLTech said, "HCLTech’s FY24 performance underlines the resilience of our business model with Revenue at INR 109,913 Cr, growing 8.3%. We delivered this industry leading growth with EBIT at 20,027 Cr, up 8.4%. Net Income (NI) for the year came in at Rs 15,702 crores, up 5.7%, translating to an EPS of Rs 57.86. Our Board is pleased to declare Rs 18/share as the Dividend for the quarter, bringing the total to Rs 52/share for FY24, which is 90% of the EPS. Our razor-sharp focus on cash generation resulted in OCF/NI coming at 143% and FCF/NI at 136%. We continue to expand ROIC, with the Company’s ROIC up 341 bps YoY at 33.8% and Services’ ROIC up 430 bps YoY at 41.6%.”

Result PDF

View Other Company Results

HCL Technologies Shares SWOT Analysis

Strengths (9)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Company with Low Debt

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (0)

Data not found

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 1,362.0
R2 1,370.5
R3 1,382.5
Pivot

1,350.00

S1 1,341.6
S2 1,329.6
S3 1,321.1
EMA SMA
1,367.6
1,439.3
1,459.7
1,403.2
1,355.3
1,475.7
1,528.5
1,399.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
STICHTING PENSIOENFONDS RAIL & OPENBAAR VERVOER Block Purchase 2024-04-09 1540.05 446825 NSE
STICHTING CUST ROBECO INST RE:CALYP Block Sell 2024-04-09 1540.05 446825 NSE
THE JUPITER GLOBAL FUND-JUPITER INDIA SELECT Block Purchase 2024-03-06 1619.65 765229 BSE
Name Category Shares
Vama Sundari Investments (Delhi) Pvt. Ltd. PROMOTER 44.17%
HCL Holdings Private Ltd. PROMOTER 16.46%

OUR RESEARCH VIEW

Investment recommendation
Call Date
22 Apr 2023
Entry Price 1,050.00
Target Price 1,220.00
Duration
12 Month
BUY

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

HCL Technologies Stocks Comparison

Financials( in Cr) HCL Technologies Ltd Tata Consultancy Services Ltd Infosys Ltd Wipro Ltd LTIMindtree Ltd
Price 1,349.25 3,856.05 1,467.75 468.60 4,849.20
% Change -0.32 -0.96 -0.32 0.60 0.37
Mcap Cr 366,141.25 1,395,152.82 609,243.50 244,849.97 143,615.36
Revenue TTM Cr 101,456.00 240,893.00 153,670.00 90,487.60 33,183.00
Net Profit TTM Cr 14,845.00 46,099.00 26,248.00 11,366.50 4,410.30
PE TTM 23.39 30.24 23.49 22.05 31.20
1 Year Return 21.84 16.95 12.90 17.84 -0.18
ROCE 27.62 62.85 44.74 17.11 34.87
ROE 23.32 51.04 37.12 15.89 28.56
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 65,405.00 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,612.39 -26,051.38
LAST 3M 102,786.44 -35,737.56
LAST 6M 169,824.52 46,518.61
LAST 12M 263,183.06 125,165.94

HCL Technologies Information

Stock PE (TTM)
23.39
Promoter Holding
60.81%
Book Value
251.5518
ROCE
27.62%
ROE
23.32%
Description
  • HCL Technologies Ltd. is a leading global IT services company. It was incorporated in 1976 with its headquarters in Noida, Uttar Pradesh. The company is a subsidiary of HCL Enterprise. Its service portfolio includes software-led IT solutions, infrastructure services, business process outsourcing, remote infrastructure management, and engineering and R&D services. The company’s total income for the quarter ended June 2022 was Rs 23,873 crore, up 4.19% from the previous quarter ended March 2022. On 5 August 2022, the company’s market capitalisation was Rs 259,901 crore.
    The company is listed on the National Stock Exchange with the code HCLTECH and on the Bombay Stock Exchange with the code 532281. It is also listed on the Bangalore Stock Exchange, Madras Stock Exchange, MCX Stock Exchange, Calcutta Stock Exchange Association Ltd., and Cochin Stock Exchange.
    HCL Technologies Ltd. is a part of the Forbes Global 2000 list. For FY 2021-2022, the total revenue recorded was Rs 86,718 crore, with a profit of Rs 13,499 crore after tax.
    HCL Technologies Ltd.’s top management includes Mr Shiv Nadar, Ms Roshni Nadar Malhotra, Mr C Vijayakumar, Mr Shikhar Malhotra, Mr Deepak Kapoor, etc. The auditors are BSR & Co. LLP.
    On 30 June 2022, the company’s shareholding pattern showed a 60.72% stake with promoters, 17.91% stake with foreign institutional investors, and 5.59% stake with the public. The leading promoter was Vama Sundari Investments (Delhi) Pvt. Ltd., with a stake of 43.92%. The company also had a total of 271.37 crores shares outstanding.
    HCL Technologies Ltd.’s share price on BSE closed at Rs 958.05 on 5 August 2022. It closed at Rs 957.75 on NSE. The company’s 52-week high share price was Rs 1,377.75, and the 52-week low share price was Rs 877.35.
    As of July 2022, DSP Regular Savings Fund held a 2.30% stake in HCL Technologies Ltd. The other mutual fund holdings include Aditya Birla SL Arbitrage Fund, Franklin India Pension Plan, and Aditya Birla SL Balanced Advantage Fund, with a 1.25%, 1%, and 0.93% stake, respectively.
    The company’s peers in the IT-Software sector include TCS, Infosys, Wipro, and Tech Mahindra.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Registered Address

806 Siddharth, 96 Nehru Place, New Delhi, New Delhi, 110019

Tel : 91-11-26444812/26436336
Email : investors:hcl.com
Website : http://www.hcltech.com
Registrar

Alankit Assignments Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532281
NSE Code : HCLTECH
Book Closure Date (Month) :
BSE Group : A
ISIN : INE860A01027

HCL TECHNOLOGIES SHARES FAQs

You can buy HCL Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy HCL Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 10:34 AM the closing price of HCL Technologies Ltd was Rs.1,349.25.

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 May 24, 2024 10:34 AM, the market cap of HCL Technologies Ltd stood at Rs. 366,141.25.

The latest PE ratio of HCL Technologies Ltd as of May 24, 2024 10:34 AM is 23.39

The latest PB ratio of HCL Technologies Ltd as of May 24, 2024 10:34 AM is 0.19

The 52-week high of HCL Technologies Ltd share price is Rs. 1,697.35 while the 52-week low is Rs. 1,087.05

According to analyst recommendations, HCL Technologies Ltd Share has a "Buy" rating for the long term.

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