HCL Technologies Ltd.

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See more articles on HCL Technologies Ltd.

Company Background

HCL Technologies is a major provider of IT services in India. It is logging rapid earnings growth while trying to catch up with the top three in the domestic sector. It has offices in more than 30 countries and over 100,000 workers on its payroll.

HCL group was established in 1976 in a garage where founder Shiv Nadar, who is now chairman, worked with friends. In 1978, it became the first in India to develop microcomputers. The group dealt mainly in hardware in the 1980s and 1990s but founded HCL Technologies in 1991, latching onto the growth of the nation's IT services industry.

The company's policy is to delegate considerable power to workers, who get active support from managers. It has institutionalized a system that gives lower-ranking employees the opportunity to contribute ideas; the company credits this with fueling growth.

HCL Technologies' leading shareholder is an investment firm, of which Shiv Nadar is an executive. The investment company and the group's holding company together own nearly 60% of HCL Technologies.

The holding company also presides over HCL Infosystems, a listed business that sells hardware.

Business Summary

HCL Technologies Ltd. engages in computer programming, consultancy, and related activities. It operates through the following segments: Information Technology and Business Services(ITBS), Engineering and Research and Development Services(ERS), and Products and Platforms. The company was founded by Shiv Nadar on November 12, 1991 and is headquartered in Noida, India.

Financial Highlights

Mar 2022	INR	USD
Revenue	856,510M	11,495.29M
Gross Profit	198,370M	2,662.34M
Operating income	164,230M	2,204.14M
Income before tax	169,380M	2,273.26M
Net income	134,990M	1,811.71M
EBITDA	207,490M	2,784.74M
Diluted EPS	49.76	0.66
Dividends Per Share	44	0.59
Total Assets	890,330M	11,749.65M
Total liabilities	270,270M	3,566.74M
Total equity	619,140M	8,170.76M
Operating cash flow	173,200M	2,324.53M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	505,690M	604,270M	706,760M	753,790M	856,510M
Gross Profit	135,290M	161,770M	181,610M	185,200M	198,370M
Operating income	99,560M	119,980M	141,290M	156,340M	164,230M
Income before tax	110,240M	126,220M	140,200M	158,530M	169,380M
Net income	87,210M	101,200M	110,570M	111,450M	134,990M
EBITDA	113,390M	140,710M	175,490M	202,450M	207,490M
Diluted EPS	31.09	36.77	40.74	41.06	49.76
Dividends Per Share	4	4	6	16	44
Total Assets	480,230M	585,750M	829,060M	861,940M	890,330M
Total liabilities	116,370M	171,060M	314,850M	261,120M	270,270M
Total equity	363,860M	413,660M	512,670M	599,130M	619,140M
Operating cash flow	88,140M	92,110M	133,670M	200,640M	173,200M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	7,844.28M	8,639.50M	9,967.56M	10,154.10M	11,495.29M
Gross Profit	2,098.62M	2,312.89M	2,561.27M	2,494.77M	2,662.34M
Operating income	1,544.37M	1,715.40M	1,992.63M	2,106.01M	2,204.14M
Income before tax	1,710.04M	1,804.62M	1,977.26M	2,135.51M	2,273.26M
Net income	1,352.80M	1,446.89M	1,559.38M	1,501.31M	1,811.71M
EBITDA	1,758.91M	2,011.78M	2,474.96M	2,727.14M	2,784.74M
Diluted EPS	0.48	0.52	0.57	0.55	0.66
Dividends Per Share	0.06	0.05	0.08	0.21	0.59
Total Assets	7,363.04M	8,455.43M	10,958.97M	11,789.02M	11,749.65M
Total liabilities	1,784.22M	2,469.28M	4,161.86M	3,571.42M	3,566.74M
Total equity	5,578.81M	5,971.27M	6,776.75M	8,194.49M	8,170.76M
Operating cash flow	1,367.23M	1,316.93M	1,885.17M	2,702.76M	2,324.53M

Valuation Measures

Mar 2022
PER	23.37
ROA	15.40%
ROE	22.16%
Operating margin	19.17%
Profit margin	15.76%

Key executives

President, Chief Executive Officer & MD: C. Vijayakumar
Chief Financial Officer: Prateek Solek Aggarwal
President-Engineering, R&D Services: Hanumantha Rao Gade
Chief Technology Officer & Corporate VP: Kalyan Kumar B.
VP-ERS, Manufacturing, Medical & Transportation: Hari Sadarahalli

Shareholders

Vama Sundari Investments (Delhi) Pvt Ltd. (43.9%)
NADAR SHIV (16.4%)
Life Insurance Corporation of India (Investment Portfolio) (2.6%)
ICICI Prudential Asset Management Co. Ltd. (2.3%)
SBI Funds Management Pvt Ltd. (2.0%)
Artisan Partners LP (1.8%)
The Vanguard Group, Inc. (1.2%)
BlackRock Fund Advisors (1.1%)
HDFC Asset Management Co. Ltd. (Invt Mgmt) (0.9%)
Aditya Birla Sun Life Amc Ltd. (Investment Management) (0.7%)

Contact Details

Website:http://www.hcltech.com
Address: Technology Hub, SEZ, Plot No. 3A, Sector 126, Noida, 201304, India
Phone: +91.12.06125000

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Last Updated on 2 Dec, 2022