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Technology Services

HCL Technologies Ltd.

  • 1,037.00 INR
  • +10.15
  • +0.99%
  • India
    Mar 22, 2019
  • Ticker
    BOM(532281)
  • Prev. close
    1,026.85
  • Market cap (INR)
    1,392.67B
  • Market cap (USD)
    20,193.99M
  • Shares
    1,356.26M

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 holding company. It operates through the following segments: Software Services; Information Technology (IT) Services; and Business Process Outsourcing 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 IT Services segment provides management services involving customer's information technology assets. 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 company was founded by Shiv Nadar on November 12, 1991 and is headquartered in Noida, India.

Financial Highlights

Mar 2018 INRUSD
Revenue505,690M7,844.28M
Gross Profit135,290M2,098.62M
Operating income99,560M1,544.37M
Income before tax110,240M1,710.04M
Net income87,210M1,352.80M
EBITDA113,390M1,758.91M
Diluted EPS62.190.96
Dividends Per Share80.12
Total Assets480,230M7,363.04M
Total liabilities116,370M1,784.22M
Total equity363,860M5,578.81M
Operating cash flow88,140M1,367.23M
Currency in INRCurrency in USD

Historical Data

 Jun 2013Jun 2014Mar 2016Mar 2017Mar 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 2013Jun 2014Mar 2016Mar 2017Mar 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
PER15.57
ROA18.59%
ROE25.15%
Operating margin19.68%
Profit margin17.24%

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.
Last Updated on 22 Mar, 2019

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