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Technology Services
HCL Technologies Ltd.
- 998.00 INR
- +2.00
- +0.20%
India
Aug 16, 2018Ticker
BOM(532281)Prev. close
996.00Market cap (INR)
1,386.83BMarket cap (USD)
19,728.46MShares
1,392.40M
In the news
- 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
- India shares halt weekly winning streak as Reliance Industries, HCL Tech fall May 4, 2018
- India shares fall as Fed's inflation comments drag regional markets down May 3, 2018
- Nikkei Asia300 Index drops as Sino-American trade talks begin May 3, 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
HCL Technologies Ltd. is a global information technology services company. It operates through the following segments: Software Services; Business Process Outsourcing Services; and Information Technology Services. The Software Services segment provides application development and maintenance, enterprise application, next generation software as a service application services, engineering, and research and development. The Business Process Outsourcing Services segment offers traditional contact centre and help desk services and the next generation services around platform business process as a service. The Information Technology Services segment relates to management services involving customer's information technology assets. The company was founded by Shiv Nadar on November 12, 1991 and is headquartered in Noida, India.
Financial Highlights
| Mar 2018 | INR | USD |
| Revenue | 505,690M | 7,844.28M |
| Gross Profit | 144,820M | 2,246.45M |
| Operating income | 98,630M | 1,529.95M |
| Income before tax | 110,240M | 1,710.04M |
| Net income | 87,210M | 1,352.80M |
| EBITDA | 112,460M | 1,744.48M |
| 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 | -- | -- |
| 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 | 475,675.30M | 505,690M |
| Gross Profit | 81,319.50M | 107,268.20M | 123,159.29M | 135,531.50M | 144,820M |
| Operating income | 50,436.80M | 73,984.90M | 83,439.12M | 96,047.40M | 98,630M |
| Income before tax | 52,698.90M | 79,173.30M | 93,237.80M | 105,398.50M | 110,240M |
| Net income | 40,400.90M | 65,095.10M | 74,142.25M | 86,063.30M | 87,210M |
| EBITDA | 56,804.40M | 80,793.50M | 88,903.91M | 104,328.70M | 112,460M |
| 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 | 460,794.10M | 480,230M |
| Total liabilities | 119,546.70M | 144,487.70M | 118,151.30M | 129,570.30M | 116,370M |
| Total equity | 131,589.80M | 195,421.80M | 273,907.70M | 329,498.50M | 363,860M |
| Operating cash flow | 46,161.60M | 69,032.50M | 44,600.40M | 98,305.40M | -- |
| Jun 2013 | Jun 2014 | Mar 2016 | Mar 2017 | Mar 2018 | |
| Revenue | 4,663.55M | 5,231.68M | 6,340.91M | 7,093.58M | 7,844.28M |
| Gross Profit | 1,482.49M | 1,745.89M | 1,881.13M | 2,021.13M | 2,246.45M |
| Operating income | 919.48M | 1,204.17M | 1,274.44M | 1,432.32M | 1,529.95M |
| Income before tax | 960.72M | 1,288.62M | 1,424.11M | 1,571.77M | 1,710.04M |
| Net income | 736.52M | 1,059.48M | 1,132.44M | 1,283.43M | 1,352.80M |
| EBITDA | 1,035.57M | 1,314.99M | 1,357.91M | 1,555.81M | 1,744.48M |
| 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 | 7,096.23M | 7,363.04M |
| Total liabilities | 2,011.72M | 2,402.32M | 1,784.15M | 1,995.38M | 1,784.22M |
| Total equity | 2,214.38M | 3,249.17M | 4,136.17M | 5,074.28M | 5,578.81M |
| Operating cash flow | 841.54M | 1,123.56M | 681.22M | 1,465.99M | -- |
Valuation Measures
| Mar 2018 | |
| PER | 15.57 |
| ROA | 18.53% |
| ROE | 25.15% |
| Operating margin | 19.50% |
| Profit margin | 17.24% |
Key executives
- Chairman, MD & Chief Strategy Officer: Shiv Nadar
- President & Chief Executive Officer: C. Vijayakumar
- Chief Financial Officer: Anil Kumar Chanana
- CTO & EVP-Information Technology Services: Kalyan Kumar B.
- Chief Technologist & Vice President: Vikram Duvvoori
Shareholders
- Vama Sundari Investments (Delhi) Pvt Ltd. (42.7%)
- NADAR SHIV (16.7%)
- ICICI Prudential Asset Management Co. Ltd. (1.7%)
- Artisan Partners LP (1.4%)
- The Vanguard Group, Inc. (1.3%)
- Life Insurance Corp. of India (1.3%)
- BlackRock Fund Advisors (1.2%)
- ICICI Prudential Life Insurance Co. Ltd. (Invt Port) (0.9%)
- SBI Funds Management Pvt Ltd. (0.9%)
- Nomura Asset Management Singapore Ltd. (0.9%)
Contact Details
- Website:http://www.hcltech.com
- Phone: +91.12.06125000
Related Companies
- 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.
- 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.
- HCL Enterprise Solutions, Inc.
- Shipara Technologies Ltd.
Competitors
- Virtusa Corporation
- Cognizant Technology Solutions Corporation Class A
- EPAM Systems, Inc.
- Tieto Oyj
- NetSol Technologies, Inc.
- NNIT A/S
- Globant SA
- Innodata Inc.
- Cigniti Technologies Limited
- AKKA Technologies SE
- Altran Technologies SA
- Semcon AB
- Firstsource Solutions Limited
- Hinduja Global Solutions Limited
- Automatic Data Processing, Inc.
- Singapore Telecommunications Limited
- Information Services Group, Inc.
- Verisk Analytics Inc
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