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HCL Technologies Ltd.
- 1,037.00 INR
- +10.15
- +0.99%
India
Mar 22, 2019Ticker
BOM(532281)Prev. close
1,026.85Market cap (INR)
1,392.67BMarket cap (USD)
20,193.99MShares
1,356.26M
In the news
- India IT back on track as Tata and HCL mark double-digit growth Feb 5, 2019
- Tata Consultancy, Infosys back with hiring spree as digital technologies drive outsourcing Nov 22, 2018
- HCL Technologies' profit beats estimates on software product demand Oct 23, 2018
- India shares post weekly gains as State Bank, software exporters advance May 25, 2018
- India shares eke out marginal gains as software exporters advance May 9, 2018 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
Financial Highlights
| Mar 2018 | INR | USD |
| Revenue | 505,690M | 7,844.28M |
| Gross Profit | 135,290M | 2,098.62M |
| Operating income | 99,560M | 1,544.37M |
| Income before tax | 110,240M | 1,710.04M |
| Net income | 87,210M | 1,352.80M |
| EBITDA | 113,390M | 1,758.91M |
| Diluted EPS | 62.19 | 0.96 |
| Dividends Per Share | 8 | 0.12 |
| Total Assets | 480,230M | 7,363.04M |
| Total liabilities | 116,370M | 1,784.22M |
| Total equity | 363,860M | 5,578.81M |
| Operating cash flow | 88,140M | 1,367.23M |
| Currency in INR | Currency in USD |
Historical Data
| Jun 2013 | Jun 2014 | Mar 2016 | Mar 2017 | Mar 2018 | |
| Revenue | 255,810.60M | 321,436.60M | 415,144.82M | 475,680M | 505,690M |
| Gross Profit | 81,319.50M | 107,268.20M | 123,159.29M | 135,810M | 135,290M |
| Operating income | 50,436.80M | 73,984.90M | 83,439.12M | 96,030M | 99,560M |
| Income before tax | 52,698.90M | 79,173.30M | 93,237.80M | 105,420M | 110,240M |
| Net income | 40,400.90M | 65,095.10M | 74,142.25M | 86,060M | 87,210M |
| EBITDA | 56,804.40M | 80,793.50M | 88,903.91M | 104,310M | 113,390M |
| Diluted EPS | 28.60 | 45.96 | 52.53 | 60.27 | 62.19 |
| Dividends Per Share | 6 | 5 | 22 | 24 | 8 |
| Total Assets | 251,633.40M | 340,559.30M | 394,165.60M | 457,620M | 480,230M |
| Total liabilities | 119,546.70M | 144,487.70M | 118,151.30M | 126,400M | 116,370M |
| Total equity | 131,589.80M | 195,421.80M | 273,907.70M | 329,490M | 363,860M |
| Operating cash flow | 46,161.60M | 69,032.50M | 44,600.40M | 98,300M | 88,140M |
| Jun 2013 | Jun 2014 | Mar 2016 | Mar 2017 | Mar 2018 | |
| Revenue | 4,663.55M | 5,231.68M | 6,340.91M | 7,093.65M | 7,844.28M |
| Gross Profit | 1,482.49M | 1,745.89M | 1,881.13M | 2,025.28M | 2,098.62M |
| Operating income | 919.48M | 1,204.17M | 1,274.44M | 1,432.06M | 1,544.37M |
| Income before tax | 960.72M | 1,288.62M | 1,424.11M | 1,572.09M | 1,710.04M |
| Net income | 736.52M | 1,059.48M | 1,132.44M | 1,283.38M | 1,352.80M |
| EBITDA | 1,035.57M | 1,314.99M | 1,357.91M | 1,555.54M | 1,758.91M |
| Diluted EPS | 0.52 | 0.74 | 0.80 | 0.89 | 0.96 |
| Dividends Per Share | 0.10 | 0.08 | 0.33 | 0.35 | 0.12 |
| Total Assets | 4,234.47M | 5,662.30M | 5,952.13M | 7,047.35M | 7,363.04M |
| Total liabilities | 2,011.72M | 2,402.32M | 1,784.15M | 1,946.56M | 1,784.22M |
| Total equity | 2,214.38M | 3,249.17M | 4,136.17M | 5,074.15M | 5,578.81M |
| Operating cash flow | 841.54M | 1,123.56M | 681.22M | 1,465.91M | 1,367.23M |
Valuation Measures
| Mar 2018 | |
| PER | 15.57 |
| ROA | 18.59% |
| ROE | 25.15% |
| Operating margin | 19.68% |
| Profit margin | 17.24% |
Key executives
- President & Chief Executive Officer: C. Vijayakumar
- Chief Financial Officer: Prateek Aggarwal
- Chief Technology Officer-IT Services & VP: Kalyan Kumar B.
- Secretary, Senior VP & Compliance Officer: Manish Anand
- Chief Investment Officer & Senior Vice President: Manoj Kumbhat
Shareholders
- Vama Sundari Investments (Delhi) Pvt Ltd. (42.9%)
- NADAR SHIV (16.4%)
- Artisan Partners LP (1.5%)
- BlackRock Fund Advisors (1.4%)
- The Vanguard Group, Inc. (1.4%)
- Life Insurance Corp. of India (1.3%)
- Vontobel Asset Management, Inc. (1.2%)
- ICICI Prudential Asset Management Co. Ltd. (1.0%)
- SBI Funds Management Pvt Ltd. (1.0%)
- Nomura Asset Management Singapore Ltd. (0.8%)
Contact Details
- Website:http://www.hcltech.com
- Address: Technology Hub, SEZ, Plot No. 3A, Sector 126, Noida, 201304, India
- Phone: +91.12.06125000
Related Companies
- HCL Technologies Germany GmbH
- HCL Hong Kong SAR Ltd.
- HCL (Brazil) Technologia da Informacao Ltda.
- HCL Technologies (Thailand) Ltd.
- HCL Technologies (Taiwan) Ltd.
- Telerx Marketing, Inc.
- Urban Fulfillment Services LLC
- Butler America Aerospace LLC
- HCL Technologies France SAS
- ETL Factory Ltd.
- Axon Solutions Pty Ltd. (Australia)
- Hcl Training & Staffing Services Pvt Ltd.
- Concept2Silicon Systems Pvt Ltd.
- Volvo Information Technology AB /IT Business/
- Trygstad Technical Services, Inc. /Assets/
- HCL Technologies BPO Services Ltd.
- Trygstad Technical Services, Inc.
- PowerTeam, Inc.
- HCL Australia Services Pty Ltd.
- HCL Infocom Ltd.
- HCL Bermuda Ltd.
- Point to Point Ltd.
- Honigsberg & Duvel Datentechnik GmbH
- HCL America, Inc.
- HCL Axon (Pty) Ltd.
- HCL EAS Ltd.
- Liberata Financial Services Ltd.
- HCL Technologies (Mass), Inc.
- HCL Technologies BPO Service (NI) Ltd.
- DSI Financial Solutions Pte Ltd.
Competitors
- Virtusa Corporation
- Cognizant Technology Solutions Corporation Class A
- Singapore Telecommunications Limited
- EPAM Systems, Inc.
- NetSol Technologies, Inc.
- Innodata Inc.
- Globant SA
- Cigniti Technologies Limited
- AKKA Technologies SE
- Altran Technologies SA
- Semcon AB
- Firstsource Solutions Limited
- Information Services Group, Inc.
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Last Updated on 22 Mar, 2019