# HCL Tech share price today (HCL Technologies Ltd, NSE: HCLTECH)

> HCL Tech share price today: ₹1,405.00 at the NSE close on 4 November 2026, down 7.1% in a year. HCL Technologies (NSE: HCLTECH) is worth ₹3,81,297 crore, trades at a P/E of 20.1 and has closed between ₹1,034.20 and ₹1,707.00 over the past 52 weeks. > HCL Technologies Ltd's share price has fallen more than its earnings. Earnings per share fell 4.3% in a year while the price moved −7.1%. HCLTECH · IT - Software · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/hcl-technologies-ltd

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## Key numbers

- Business trend: Growing steadily, from fewer quarters than usual
- Price: ₹1,405.00 (−7.1% in a year)
- P/E: 20.1× (higher than 56% of the last 11 years)
- Revenue (Sep 2026): ₹35,620 Cr (+11.5% on a year ago)
- Profit (Sep 2026): ₹5,132 Cr (+21.2% on a year ago)
- Operating margin: 21.0% (+1.0 points on a year ago)
- ROCE: 30%, FY26
- Profit that came in as cash: 130%, last 3 years

The main question: foreign institutions moved −3.4 percentage points over 8 quarters while the business went the other way. ## What is the HCL Tech share price today? HCL Technologies Ltd's share price was ₹1,405.00 at the close on 4 November 2026. It has been falling for 35 weeks. That is 5.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,034 and ₹1,707, and at that close it sat 55% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 17 weeks in a row. Over the last 11 years the share price moved +241% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at HCL Tech this quarter? Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), highest quarterly profit in 16 quarters and highest quarterly revenue in 16 quarters. 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹35,620 crore, +11.5% on a year earlier. Why: Revenue rose because business in India and the Rest of World grew fast, while Europe was flat and the US grew only a little. Next results: check whether the advanced AI pipeline turns into steady implementation and product revenue. From the earnings call on 12 Oct 2026. 2. Highest quarterly profit in 16 quarters Profit of ₹5,132 crore in the September 2026 quarter is the highest of the last 16 quarters. Why: Profit rose because the company kept more of each rupee of sales after costs, helped by cost savings and more high-margin AI work. Next results: check whether higher-margin AI work keeps lifting profit. From the earnings call on 12 Oct 2026. 3. Highest quarterly revenue in 16 quarters Revenue of ₹35,620 crore in the September 2026 quarter is the highest of the last 16 quarters. ## What dividend does HCL Tech pay? HCL Tech paid ₹60 a share in regular dividends in the 12 months to 5 November 2026 (4 payments), a yield of 4.27% at the ₹1,405.00 close on 4 November 2026. The last was an interim dividend of ₹12 a share, ex-date 16 October 2026. ### HCL Tech dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 16 Oct 2026 | ₹12 | Interim | same day |
| 17 Jul 2026 | ₹12 | Interim | same day |
| 24 Apr 2026 | ₹24 | Interim | 25 Apr 2026 |
| 16 Jan 2026 | ₹12 | Interim | 17 Jan 2026 |
| 17 Oct 2025 | ₹12 | Interim | same day |
| 18 Jul 2025 | ₹12 | Interim | same day |
| 28 Apr 2025 | ₹18 | Interim | same day |
| 17 Jan 2025 | ₹18 | Interim + Special | same day |
| 22 Oct 2024 | ₹12 | Interim | same day |
| 23 Jul 2024 | ₹12 | Interim | same day |
| 7 May 2024 | ₹18 | Interim | same day |
| 19 Jan 2024 | ₹12 | Interim | 20 Jan 2024 |
| 20 Oct 2023 | ₹12 | Interim | same day |
| 20 Jul 2023 | ₹10 | Dividend | same day |
| 28 Apr 2023 | ₹18 | Interim | same day |
| 19 Jan 2023 | ₹10 | Interim | 20 Jan 2023 |
| 19 Oct 2022 | ₹10 | Interim | 20 Oct 2022 |
| 19 Jul 2022 | ₹10 | Interim | 20 Jul 2022 |
| 28 Apr 2022 | ₹18 | Interim | 29 Apr 2022 |
| 20 Jan 2022 | ₹10 | Interim | 22 Jan 2022 |
| 21 Oct 2021 | ₹10 | Dividend | 23 Oct 2021 |
| 27 Jul 2021 | ₹6 | Interim | 28 Jul 2021 |
| 29 Apr 2021 | ₹16 | Interim + Special | 1 May 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. HCL Technologies Ltd paid out 88% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What are HCL Tech's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), HCL Tech reported revenue of ₹35,620 crore, up 11.5% from ₹31,942 crore a year earlier, and a profit of ₹5,132 crore, up 21.2% from ₹4,236 crore. ### HCL Tech results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹35,620 crore | ₹31,942 crore | +11.5% |
| Profit | ₹5,132 crore | ₹4,236 crore | +21.2% |
| Earnings per share | ₹18.91 | ₹15.61 | +21.1% |
| Operating margin | 21.0% | 20.0% | +1.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). HCL Tech's management discussed these results on a call held on 12 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the HCL Tech share price history? HCL Tech closed at ₹1,405.00 on 4 November 2026, down 7.1% from ₹1,512.40 a year earlier (7 November 2025) and up 18.8% over five years. Its highest weekly close since March 2016 was ₹1,995.10 on 10 January 2025. ### HCL Tech share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹1,428.10 | −1.6% |
| 1 month ago · 1 Oct 2026 | ₹1,243.10 | +13.0% |
| 6 months ago · 8 May 2026 | ₹1,198.40 | +17.2% |
| 1 year ago · 7 Nov 2025 | ₹1,512.40 | −7.1% |
| 3 years ago · 3 Nov 2023 | ₹1,266.25 | +11.0% |
| 5 years ago · 4 Nov 2021 | ₹1,183.10 | +18.8% |
| 10 years ago · 4 Nov 2016 | ₹397.38 | +253.6% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹411.53 | +241.4% |
| Highest weekly close since March 2016 · 10 Jan 2025 | ₹1,995.10 | −29.6% |
| Lowest weekly close since March 2016 · 15 Jul 2016 | ₹358.75 | +291.6% |
| 52-week high (weekly close) · 23 Jan 2026 | ₹1,707.00 | −17.7% |
| 52-week low (weekly close) · 1 Jul 2026 | ₹1,034.20 | +35.9% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on HCL Tech? 4 Nov 2026: HCL Tech closed at ₹1,405.00, down 1.6% on the week and up 13.0% on the month. 16 Oct 2026: ex-date for an interim dividend of ₹12 a share. ### Earlier

- 12 Oct 2026: HCL Tech held its results call for July to September 2026. Management guided: FY27 CC revenue growth: company 2.5%-4% (87 basis points inorganic) and Services 3%-4% (62 basis points inorganic)
- Results for July to September 2026: Revenue up 11.5% and profit up 21.2% on a year earlier. - 17 Jul 2026: ex-date for an interim dividend of ₹12 a share. - 24 Apr 2026: ex-date for an interim dividend of ₹24 a share, record date 25 Apr 2026. - 16 Jan 2026: ex-date for an interim dividend of ₹12 a share, record date 17 Jan 2026. ## What did HCL Tech management say on the latest results call? On the call for July to September 2026, held on 12 October 2026, HCL Tech's management guided: FY27 CC revenue growth: company 2.5%-4% (87 basis points inorganic) and Services 3%-4% (62 basis points inorganic)

> “For the services component, I think the margins will be at least 7% to 10% higher than traditional services.”
> C Vijayakumar, on the call for July to September 2026

### What management guided

- FY27 EBIT margin 17.5%-18.5%. - Advanced AI services margins at least 7%-10% above traditional services. - AI IP/platform gross margins above 70%. - FY27 Services growth expected slightly above the guidance midpoint. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4298/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 12 October 2026.)

## What to watch in HCL Tech's next results? When HCL Tech reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Track software revenue against ARR and the multiyear renewal cycle. - What to check (from the call)
- Track software revenue against ARR and the multiyear renewal cycle. - Check conversion of advanced-AI pipeline into sustained implementation and product revenue. - Separate HPE Telco's full-quarter contribution from integration effects and discretionary spending at existing telco accounts. - Monitor LTM cash conversion as identified one-off outflows roll out of the comparison. ## Which stock lists is HCL Tech on? HCL Tech is on 5 of our India lists: Momentum stocks, Nifty 50 companies, Dividend stocks, AI & data centre stocks and IT stocks. - [Momentum stocks Market cap cr: 381270.4257404944](https://www.sectoralpha.in/momentum-stocks-india)
- [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)
- [Dividend stocks Regular dividend yield (%): 4.27](https://www.sectoralpha.in/dividend-stocks-india)
- [AI & data centre stocks Group on the list: AI services revenue](https://www.sectoralpha.in/ai-stocks-india)
- [IT stocks Market value (₹ crore): 381270.4257404944](https://www.sectoralpha.in/sectors/it-stocks-india)

## Is HCL Tech profitable? HCL Technologies Ltd earned ₹5,132 Cr of net profit in the Sep 2026 quarter, +21.2% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹16,652 Cr. Over 10 years profit has grown 11.5% a year on average. That is 14.4% of the quarter's revenue. The same quarter a year earlier earned ₹4,236 Cr. For the full year, FY26 profit was ₹16,652 Cr (−4.3% on the year before). Why profit moved: revenue changed +11.5% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +8.7% and revenue +12.8%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does HCL Tech make, and is it growing? HCL Technologies Ltd reported ₹35,620 Cr of revenue in the Sep 2026 quarter, +11.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 15.4% a year on average. The last full year, FY26, came in at ₹1,30,144 Cr. The last four reported quarters add to ₹1,38,052 Cr. FY26 revenue was ₹1,30,144 Cr, +11.2% on the year before. Recent pace: the last four quarters grew +12.8% on average, against 15.4% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +12.8%, against +10.1% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +7.9%, against +4.3% a year (accelerating). ## How much of every ₹100 of sales does HCL Tech keep? HCL Technologies Ltd's operating margin was 21.0% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 21.0% and 27.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +0.4 percentage points on the year while gross margin changed −0.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is HCL Tech's profit turning into cash? Over the last 3 years, 130% of HCL Technologies Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹19,975 Cr of operating cash against ₹16,652 Cr of profit. After ₹5,563 Cr of spending on assets, ₹14,412 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 130% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does HCL Tech's cash go? HCL Technologies Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 88 days in FY26, up from 85 days in FY21. It spent ₹15,392 Cr on assets over the last 3 years. At FY26 sales of ₹1,30,144 Cr, each day of that cycle ties up about ₹357 Cr, so roughly ₹31,377 Cr is tied up in the business at any time. Spending on assets: ₹15,392 Cr over the last 3 years, against ₹12,612 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹142 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is HCL Tech's P/E ratio, and how does it compare with its own history? HCL Technologies Ltd's P/E is 20.1×, in the middle of its own history: higher than 56% of past readings. Its usual P/E (the middle reading) is 19.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹67.51. Why the multiple is where it is: over the past year earnings per share moved −4.3% while the price moved −7.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +3.5% a year; about +10.5% a year came from earnings growth and about −7.0 percentage points from the multiple (the market paying less); over 10 years the price moved +13.5% a year; about +9.6% a year came from earnings growth and about +3.9 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its second data source reports in USD, not rupees, so nothing from it can be placed on this crore axis. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the HCL Tech business getting better or worse? HCL Technologies Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 30.0%. This is based on 9 quarters of 4 measures, with some gaps. Why it matters: steady growth with healthy returns is how a business compounds over time. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does HCL Tech earn on its capital? HCL Technologies Ltd earned a ROCE of 30% in FY26. That is up from a low of 25% in FY22. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 12.8% net margin and 1.13× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 12.8% net margin × 1.13× asset turnover × 1.53× leverage (assets divided by equity) ≈ 22.1% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its second data source reports in USD, not rupees, so nothing from it can be placed on this crore axis. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does HCL Tech have too much debt? HCL Technologies Ltd had ₹5,215 Cr of borrowings against ₹75,165 Cr of equity in FY26, so its debt is 0.07× its equity. Its operating profit is 31 times its interest bill. Over 5 years borrowings went from ₹6,864 Cr to ₹5,215 Cr. Over the last 3 of those years it spent ₹15,392 Cr on assets. The spending on assets is being paid for from cash, not new debt. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its second data source reports in USD, not rupees, so nothing from it can be placed on this crore axis. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the HCL Tech shareholding pattern? Foreign institutions cut their stake in HCL Technologies Ltd by 3.4 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 15.3% of the company. Domestic institutions moved +3.2 points over the same period, to 18.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −3.4 points over 8 quarters, to 15.3%; Domestic institutions: +3.2 points over 8 quarters, to 18.9%; Promoters: +0.1 points over 8 quarters, to 60.9%. Why the owners changed: foreign institutions moved −3.4 points and domestic institutions +3.2 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is HCL Tech from balance-sheet trouble? For HCL Technologies Ltd, the Z-score is left out, because it comes from the second data source we could not check, and a safety score is not worth showing when two sources disagree. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does HCL Tech rank in its industry? 56.7 out of 100, rank 25 of 69 in IT - Software, with 82% of the evidence available. HCL Technologies Ltd scores 56.7 out of 100 against the 69 companies it is compared with in IT - Software, ranking 25. Relative strength against the index is 8.8%, and revenue and profit growth are weak. The four parts add up to the total exactly: 15 + 19.2 + 8.8 + 13.7 = 56.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is HCL Tech compared with? HCL Tech ranks 25 of 69 IT - Software companies on the 4-Factor Sector Score, with 56.7 out of 100. 1. [Coforge Ltd](https://www.sectoralpha.in/stocks/coforge-ltd) COFORGE · leader · Most evidence points up · 100% evidence 69.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Revenue 41.5% · Profit 56.3% · Operating margin change 1 points · 100% evidence Capital efficiency 16.4/25 · ROCE 23.5% · Operating margin 20% · 100% evidence Valuation 11.3/20 · P/E 41.7× · PEG 0.57 · 100% evidence Relative strength 18.5/20 · Lead over its industry 24.5% · Lead over NIFTY 500 35.5% · 1 year 15% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.4 + 16.4 + 11.3 + 18.5 = 69.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Expleo Solutions Ltd](https://www.sectoralpha.in/stocks/expleo-solutions-ltd) EXPLEOSOL · breaking out · Most evidence points up · 81% evidence 68.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 10.4% · Profit 39.4% · Operating margin change 4 points · 88% evidence Capital efficiency 15.4/25 · ROCE 24.2% · Operating margin 15% · 100% evidence Valuation 18.7/20 · P/E 8.5× · PEG 0.33 · 100% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.7% · 1 year -20.7% · 25% evidence · 8 of 12 weeks ahead Exact sum: 24.6 + 15.4 + 18.7 + 9.6 = 68.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Cigniti Technologies Ltd](https://www.sectoralpha.in/stocks/cigniti-technologies-ltd) CIGNITITEC · Too little evidence to rank firmly · 55% evidence 68.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.8/43.75 · Revenue 14% · Profit 96.1% · Operating margin change 2 points · 47% evidence Capital efficiency 20.8/31.25 · ROCE 34.1% · Operating margin 18% · 75% evidence Valuation 19.5/25 · P/E 11.4× · PEG 0.74 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 27.8 + 20.8 + 19.5 = 68.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Metalic Technoforge Ltd](https://www.sectoralpha.in/stocks/metalic-technoforge-ltd) META · turning · Too little evidence to rank firmly · 51% evidence 67.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.8/43.75 · Revenue 100% · Profit 100% · Operating margin change 0 points · 83% evidence Capital efficiency 20.2/31.25 · ROCE 44% · Operating margin 11% · 76% evidence Valuation 14.3/25 · P/E 6.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 32.8 + 20.2 + 14.3 = 67.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [Sahana Systems Ltd](https://www.sectoralpha.in/stocks/sahana-systems-ltd) SAHANA · leader · Too little evidence to rank firmly · 54% evidence 66.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Revenue 100% · Profit 100% · Operating margin change -3 points · 27% evidence Capital efficiency 18.4/25 · ROCE 39.8% · Operating margin 29% · 57% evidence Valuation 12.0/20 · P/E 14.5× · PEG n/a · 50% evidence Relative strength 17.2/20 · Lead over its industry 12.3% · Lead over NIFTY 500 22.7% · 1 year 5.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.4 + 18.4 + 12 + 17.2 = 66 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Silver Touch Technologies Ltd](https://www.sectoralpha.in/stocks/silver-touch-technologies-ltd) SILVERTUC · quiet · Most evidence points up · 100% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.9/35 · Revenue 21.7% · Profit 88% · Operating margin change 5 points · 100% evidence Capital efficiency 21.3/25 · ROCE 29.8% · Operating margin 21% · 100% evidence Valuation 11.2/20 · P/E 31.6× · PEG 1.11 · 100% evidence Relative strength 3.0/20 · Lead over its industry -21.7% · Lead over NIFTY 500 -13.9% · 1 year 52.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 29.9 + 21.3 + 11.2 + 3 = 65.4 · What this means: Earnings are strong; relative strength in its sector is -21.7% and the one-year return is 52.9%. 7. [NINtec Systems Ltd](https://www.sectoralpha.in/stocks/nintec-systems-ltd) NINSYS · turning · Most evidence points up · 93% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue 18.8% · Profit 23.3% · Operating margin change 2 points · 100% evidence Capital efficiency 22.4/25 · ROCE 54% · Operating margin 27% · 100% evidence Valuation 6.6/20 · P/E 48.1× · PEG 2.08 · 65% evidence Relative strength 18.2/20 · Lead over its industry 57.5% · Lead over NIFTY 500 70.4% · 1 year 113.7% · 100% evidence · 4 of 12 weeks ahead Exact sum: 18.2 + 22.4 + 6.6 + 18.2 = 65.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Unified Data- Tech Solutions Ltd](https://www.sectoralpha.in/stocks/unified-data-tech-solutions-ltd) breaking out · Too little evidence to rank firmly · 56% evidence 63.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue n/a · Profit n/a · Operating margin change 2 points · 26% evidence Capital efficiency 18.3/25 · ROCE 34.1% · Operating margin 15% · 95% evidence Valuation 10.2/20 · P/E 17.3× · PEG n/a · 15% evidence Relative strength 17.8/20 · Lead over its industry 11.5% · Lead over NIFTY 500 22% · 1 year -7.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 17 + 18.3 + 10.2 + 17.8 = 63.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [ASM Technologies Ltd](https://www.sectoralpha.in/stocks/asm-technologies-ltd) leader · Evidence leans up · 61% evidence 63.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 67.8% · Profit 89.5% · Operating margin change 2 points · 83% evidence Capital efficiency 15.9/25 · ROCE 27% · Operating margin 23% · 95% evidence Valuation 8.7/20 · P/E 124× · PEG n/a · 15% evidence Relative strength 12.3/20 · Lead over its industry n/a · Lead over NIFTY 500 66.2% · 1 year 78.6% · 25% evidence · 12 of 12 weeks ahead Exact sum: 26.1 + 15.9 + 8.7 + 12.3 = 63 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Tanla Platforms Ltd](https://www.sectoralpha.in/stocks/tanla-platforms-ltd) TANLA · turning · Evidence leans up · 85% evidence 62.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 17.7% · Profit 15.4% · Operating margin change 0 points · 100% evidence Capital efficiency 18.3/25 · ROCE 26.3% · Operating margin 16% · 100% evidence Valuation 14.0/20 · P/E 15× · PEG 1.07 · 100% evidence Relative strength 11.7/20 · Lead over its industry n/a · Lead over NIFTY 500 26.7% · 1 year 2.8% · 25% evidence · 3 of 12 weeks ahead Exact sum: 18.7 + 18.3 + 14 + 11.7 = 62.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [String Metaverse Ltd](https://www.sectoralpha.in/stocks/string-metaverse-ltd) breaking out · Evidence leans up · 83% evidence 62.5 out of 100 Growth Capital Valuation Relative
12. [Tech Mahindra Ltd](https://www.sectoralpha.in/stocks/tech-mahindra-ltd) TECHM · leader · Evidence leans up · 85% evidence 62.1 out of 100 Growth Capital Valuation Relative
13. [Infosys Ltd](https://www.sectoralpha.in/stocks/infosys-ltd) INFY · breaking out · Evidence leans up · 82% evidence 61.7 out of 100 Growth Capital Valuation Relative
14. [InfoBeans Technologies Ltd](https://www.sectoralpha.in/stocks/infobeans-technologies-ltd) INFOBEAN · quiet · Evidence leans up · 100% evidence 61.6 out of 100 Growth Capital Valuation Relative
15. [Zensar Technologies Ltd](https://www.sectoralpha.in/stocks/zensar-technologies-ltd) ZENSARTECH · turning · Evidence leans up · 100% evidence 61.6 out of 100 Growth Capital Valuation Relative
16. [Tata Consultancy Services Ltd](https://www.sectoralpha.in/stocks/tata-consultancy-services-ltd) TCS · breaking out · Evidence leans up · 100% evidence 60.9 out of 100 Growth Capital Valuation Relative
17. [Sasken Technologies Ltd](https://www.sectoralpha.in/stocks/sasken-technologies-ltd) SASKEN · turning · Evidence leans up · 100% evidence 60.8 out of 100 Growth Capital Valuation Relative
18. [Birlasoft Ltd](https://www.sectoralpha.in/stocks/birlasoft-ltd) BSOFT · breaking out · Evidence leans up · 100% evidence 59.5 out of 100 Growth Capital Valuation Relative
19. [Seshaasai Technologies Ltd](https://www.sectoralpha.in/stocks/seshaasai-technologies-ltd) STYL · quiet · Evidence leans up · 68% evidence 59.5 out of 100 Growth Capital Valuation Relative
20. [Xchanging Solutions Ltd](https://www.sectoralpha.in/stocks/xchanging-solutions-ltd) XCHANGING · quiet · Evidence leans up · 85% evidence 59.1 out of 100 Growth Capital Valuation Relative
21. [RNIT AI Solutions Ltd](https://www.sectoralpha.in/stocks/rnit-ai-solutions-ltd) AUTOPALIND · breaking out · Evidence leans up · 69% evidence 59.1 out of 100 Growth Capital Valuation Relative
22. [Danlaw Technologies India Ltd](https://www.sectoralpha.in/stocks/danlaw-technologies-india-ltd) breaking out · Evidence leans up · 68% evidence 58.8 out of 100 Growth Capital Valuation Relative
23. [Softtech Engineers Ltd](https://www.sectoralpha.in/stocks/softtech-engineers-ltd) SOFTTECH · breaking out · Evidence leans up · 79% evidence 58.3 out of 100 Growth Capital Valuation Relative
24. [R Systems International Ltd](https://www.sectoralpha.in/stocks/r-systems-international-ltd) RSYSTEMS · losing its lead · Evidence leans up · 96% evidence 57.0 out of 100 Growth Capital Valuation Relative
25. HCL Technologies Ltd this page HCLTECH · leader · Evidence leans up · 82% evidence 56.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.0/35 · Revenue 12.8% · Profit 7.9% · Operating margin change 1 points · 95% evidence Capital efficiency 19.2/25 · ROCE 30.4% · Operating margin 21% · 76% evidence Valuation 8.8/20 · P/E 20.4× · PEG n/a · 50% evidence Relative strength 13.7/20 · Lead over its industry -1.2% · Lead over NIFTY 500 8.8% · 1 year -7.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15 + 19.2 + 8.8 + 13.7 = 56.7 · What this means: Relative strength against the index is 8.8%, and revenue and profit growth are weak. 26. [Datamatics Global Services Ltd](https://www.sectoralpha.in/stocks/datamatics-global-services-ltd) DATAMATICS · quiet · Evidence leans up · 81% evidence 55.8 out of 100 Growth Capital Valuation Relative
27. [Wipro Ltd](https://www.sectoralpha.in/stocks/wipro-ltd) WIPRO · turning · Evidence leans up · 100% evidence 55.4 out of 100 Growth Capital Valuation Relative
28. [Subex Ltd](https://www.sectoralpha.in/stocks/subex-ltd) SUBEXLTD · breaking out · Evidence leans up · 64% evidence 55.4 out of 100 Growth Capital Valuation Relative
29. [Ksolves India Ltd](https://www.sectoralpha.in/stocks/ksolves-india-ltd) KSOLVES · quiet · Evidence leans up · 100% evidence 52.8 out of 100 Growth Capital Valuation Relative
30. [Capillary Technologies India Ltd](https://www.sectoralpha.in/stocks/capillary-technologies-india-ltd) CAPILLARY · breaking out · Too little evidence to rank firmly · 59% evidence 52.6 out of 100 Growth Capital Valuation Relative
31. [LTM Ltd](https://www.sectoralpha.in/stocks/ltm-ltd) LTM · losing its lead · Evidence leans up · 100% evidence 51.1 out of 100 Growth Capital Valuation Relative
32. [TechNVision Ventures Ltd](https://www.sectoralpha.in/stocks/technvision-ventures-ltd) TECHNVISN · quiet · Evidence leans up · 64% evidence 51.1 out of 100 Growth Capital Valuation Relative
33. [Saksoft Ltd](https://www.sectoralpha.in/stocks/saksoft-ltd) SAKSOFT · basing · Evidence leans up · 96% evidence 50.9 out of 100 Growth Capital Valuation Relative
34. [BLS E-Services Ltd](https://www.sectoralpha.in/stocks/bls-e-services-ltd) BLSE · leader · Evidence leans up · 78% evidence 50.5 out of 100 Growth Capital Valuation Relative
35. [Mphasis Ltd](https://www.sectoralpha.in/stocks/mphasis-ltd) MPHASIS · breaking out · Evidence leans up · 81% evidence 50.3 out of 100 Growth Capital Valuation Relative
36. [Excelsoft Technologies Ltd](https://www.sectoralpha.in/stocks/excelsoft-technologies-ltd) EXCELSOFT · breaking out · Too little evidence to rank firmly · 59% evidence 50.3 out of 100 Growth Capital Valuation Relative
37. [Blue Cloud Softech Solutions Ltd](https://www.sectoralpha.in/stocks/blue-cloud-softech-solutions-ltd) BLUECLOUDS · turning · Evidence leans down · 64% evidence 49.9 out of 100 Growth Capital Valuation Relative
38. [ACS Technologies Ltd](https://www.sectoralpha.in/stocks/acs-technologies-ltd) ACSTECH · Evidence leans down · 74% evidence 49.5 out of 100 Growth Capital Valuation Relative
39. [Magellanic Cloud Ltd](https://www.sectoralpha.in/stocks/magellanic-cloud-ltd) MCLOUD · basing · Evidence leans down · 81% evidence 49.2 out of 100 Growth Capital Valuation Relative
40. [Dynacons Systems & Solutions Ltd](https://www.sectoralpha.in/stocks/dynacons-systems-solutions-ltd) DSSL · quiet · Evidence leans down · 96% evidence 48.5 out of 100 Growth Capital Valuation Relative
41. [IZMO Ltd](https://www.sectoralpha.in/stocks/izmo-ltd) IZMO · quiet · Evidence leans down · 81% evidence 48.0 out of 100 Growth Capital Valuation Relative
42. [Mastek Ltd](https://www.sectoralpha.in/stocks/mastek-ltd) MASTEK · quiet · Evidence leans down · 100% evidence 47.1 out of 100 Growth Capital Valuation Relative
43. [Sonata Software Ltd](https://www.sectoralpha.in/stocks/sonata-software-ltd) SONATSOFTW · quiet · Evidence leans down · 96% evidence 46.9 out of 100 Growth Capital Valuation Relative
44. [AvenuesAI Ltd](https://www.sectoralpha.in/stocks/avenuesai-ltd) CCAVENUE · quiet · Evidence leans down · 89% evidence 44.8 out of 100 Growth Capital Valuation Relative
45. [Unicommerce eSolutions Ltd](https://www.sectoralpha.in/stocks/unicommerce-esolutions-ltd) UNIECOM · turning · Evidence leans down · 78% evidence 44.6 out of 100 Growth Capital Valuation Relative
46. [Allied Digital Services Ltd](https://www.sectoralpha.in/stocks/allied-digital-services-ltd) ADSL · basing · Evidence leans down · 74% evidence 42.1 out of 100 Growth Capital Valuation Relative
47. [Hexaware Technologies Ltd](https://www.sectoralpha.in/stocks/hexaware-technologies-ltd) HEXT · basing · Evidence leans down · 85% evidence 42.0 out of 100 Growth Capital Valuation Relative
48. [Hypersoft Technologies Ltd](https://www.sectoralpha.in/stocks/hypersoft-technologies-ltd) quiet · Evidence leans down · 80% evidence 40.9 out of 100 Growth Capital Valuation Relative
49. [Kellton Tech Solutions Ltd](https://www.sectoralpha.in/stocks/kellton-tech-solutions-ltd) KELLTONTEC · quiet · Evidence leans down · 96% evidence 38.9 out of 100 Growth Capital Valuation Relative
50. [3i Infotech Ltd](https://www.sectoralpha.in/stocks/3i-infotech-ltd) 3IINFOLTD · Too little evidence to rank firmly · 58% evidence 38.9 out of 100 Growth Capital Valuation Relative
51. [Innovana Thinklabs Ltd](https://www.sectoralpha.in/stocks/innovana-thinklabs-ltd) INNOVANA · basing · Evidence leans down · 81% evidence 37.6 out of 100 Growth Capital Valuation Relative
52. [Mindteck (India) Ltd](https://www.sectoralpha.in/stocks/mindteck-indialtd) MINDTECK · Most evidence points down · 76% evidence 32.8 out of 100 Growth Capital Valuation Relative
53. [Aurionpro Solutions Ltd](https://www.sectoralpha.in/stocks/aurionpro-solutions-ltd) AURIONPRO · basing · Most evidence points down · 93% evidence 29.7 out of 100 Growth Capital Valuation Relative
54. [Moschip Technologies Ltd](https://www.sectoralpha.in/stocks/moschip-technologies-ltd) MOSCHIP · quiet · Most evidence points down · 65% evidence 26.1 out of 100 Growth Capital Valuation Relative
55. [Quick Heal Technologies Ltd](https://www.sectoralpha.in/stocks/quick-heal-technologies-ltd) QUICKHEAL · turning · Most evidence points down · 80% evidence 22.9 out of 100 Growth Capital Valuation Relative
56. Orient Technologies Ltd ORIENTTECH · quiet · Most evidence points down · 76% evidence 21.2 out of 100 Growth Capital Valuation Relative
57. [Covance Softsol Ltd](https://www.sectoralpha.in/stocks/covance-softsol-ltd) Too little evidence to rank firmly · 31% evidence 62.9 out of 100 Growth Capital Valuation Relative
58. [Exato Technologies Ltd](https://www.sectoralpha.in/stocks/exato-technologies-ltd) losing its lead · Too little evidence to rank firmly · 43% evidence 59.2 out of 100 Growth Capital Valuation Relative
59. [TAC Infosec Ltd](https://www.sectoralpha.in/stocks/tac-infosec-ltd) TAC · quiet · Too little evidence to rank firmly · 48% evidence 58.5 out of 100 Growth Capital Valuation Relative
60. [Veefin Solutions Ltd](https://www.sectoralpha.in/stocks/veefin-solutions-ltd) VEEFIN · basing · Too little evidence to rank firmly · 43% evidence 54.2 out of 100 Growth Capital Valuation Relative
61. [Kody Technolab Ltd](https://www.sectoralpha.in/stocks/kody-technolab-ltd) KODYTECH · leader · Too little evidence to rank firmly · 35% evidence 53.5 out of 100 Growth Capital Valuation Relative
62. [Optivalue Tek Consulting Ltd](https://www.sectoralpha.in/stocks/optivalue-tek-consulting-ltd) OPTIVALUE · Too little evidence to rank firmly · 32% evidence 51.4 out of 100 Growth Capital Valuation Relative
63. [Workmates Core2cloud Solution Ltd](https://www.sectoralpha.in/stocks/workmates-core2cloud-solution-ltd) Too little evidence to rank firmly · 26% evidence 51.3 out of 100 Growth Capital Valuation Relative
64. [Trident Techlabs Ltd](https://www.sectoralpha.in/stocks/trident-techlabs-ltd) TECHLABS · Too little evidence to rank firmly · 27% evidence 47.5 out of 100 Growth Capital Valuation Relative
65. [ERP Soft Systems Ltd](https://www.sectoralpha.in/stocks/erp-soft-systems-ltd) Too little evidence to rank firmly · 36% evidence 46.7 out of 100 Growth Capital Valuation Relative
66. [Sancode Technologies Ltd](https://www.sectoralpha.in/stocks/sancode-technologies-ltd) Too little evidence to rank firmly · 35% evidence 46.5 out of 100 Growth Capital Valuation Relative
67. [63 Moons Technologies Ltd](https://www.sectoralpha.in/stocks/63-moons-technologies-ltd) 63MOONS · leader · Too little evidence to rank firmly · 46% evidence 45.6 out of 100 Growth Capital Valuation Relative
68. [XT Global Infotech Ltd](https://www.sectoralpha.in/stocks/xt-global-infotech-ltd) XTGLOBAL · Too little evidence to rank firmly · 40% evidence 45.4 out of 100 Growth Capital Valuation Relative
69. [IDream Film Infrastructure Company Ltd](https://www.sectoralpha.in/stocks/idream-film-infrastructure-company-ltd) quiet · Too little evidence to rank firmly · 42% evidence 34.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [IT - Software](https://www.sectoralpha.in/sectors/it-software), all 69 compared on one page. ## Which companies are close to HCL Tech in size? HCL Tech is the 3rd largest of 68 IT - Software companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Tata Consultancy Services and Infosys. Just below it: Wipro, Tech Mahindra, LTM and Coforge. ### IT - Software companies close in size

1. [Tata Consultancy Services Ltd](https://www.sectoralpha.in/stocks/tata-consultancy-services-ltd) ₹9,05,463 crore
2. [Infosys Ltd](https://www.sectoralpha.in/stocks/infosys-ltd) ₹4,80,908 crore
3. HCL Technologies Ltd ₹3,87,539 crore
4. [Wipro Ltd](https://www.sectoralpha.in/stocks/wipro-ltd) ₹1,96,439 crore
5. [Tech Mahindra Ltd](https://www.sectoralpha.in/stocks/tech-mahindra-ltd) ₹1,75,535 crore
6. [LTM Ltd](https://www.sectoralpha.in/stocks/ltm-ltd) ₹1,25,583 crore
7. [Coforge Ltd](https://www.sectoralpha.in/stocks/coforge-ltd) ₹90,606 crore

[All 68 IT - Software companies, largest first](https://www.sectoralpha.in/sectors/it-software#all-companies)

### Companies close in size in other industries

1. [Adani Ports & Special Economic Zone Ltd](https://www.sectoralpha.in/stocks/adani-ports-special-economic-zone-ltd) ₹4,26,232 crore · Marine Port & Services
2. [Titan Company Ltd](https://www.sectoralpha.in/stocks/titan-company-ltd) ₹3,93,866 crore · Diamond, Gems & Jewellery
3. HCL Technologies Ltd ₹3,87,539 crore
4. [Axis Bank Ltd](https://www.sectoralpha.in/stocks/axis-bank-ltd) ₹3,78,983 crore · Banks - Private
5. [Adani Power Ltd](https://www.sectoralpha.in/stocks/adani-power-ltd) ₹3,64,481 crore · Power - Generation/Distribution

## What else do people ask about HCL Tech? ### What is HCL Tech's share price today? HCL Technologies Ltd's share price is ₹1,405.00, −7.1% over the past year. The whole company is worth ₹3,81,297 Cr on the market. In the last 52 weeks it traded between ₹1,034 to ₹1,707; today it is 55% of the way up from the low, 5.3% above its 200-day average (as of 4 November 2026). ### What were HCL Tech's latest quarterly results? HCL Technologies Ltd reported revenue of ₹35,620 Cr and net profit of ₹5,132 Cr for the Sep 2026 quarter. Revenue rose 11.5% and profit rose 21.2% compared with a year earlier. Earnings per share were ₹18.91. The operating margin was 21.0%, 1.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is HCL Tech's market cap? HCL Technologies Ltd's market capitalisation is ₹3,81,297 Cr at a share price of ₹1,405.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is HCL Tech performing? HCL Technologies Ltd's share price has been falling for 35 weeks. In its latest quarter, revenue rose 11.5% and profit rose 21.2% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 17 weeks running (as of 4 November 2026). ### Will HCL Tech's share price go up? This page does not forecast HCL Technologies Ltd's share price. What it shows instead: the share price is ₹1,405.00, and it has been falling for 35 weeks. Its P/E of 20.1× is higher than 56% of its own last 11 years (as of 4 November 2026). ### Where is HCL Tech in its business cycle? HCL Technologies Ltd's FY26 operating margin was 21.0%, against a 13-year range of 21.0% to 27.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 21.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the HCL Tech story? The main question: foreign institutions moved −3.4 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is HCL Tech a stock worth studying right now? What the numbers show: HCL Technologies Ltd's share price has fallen more than its earnings. Earnings per share fell 4.3% in a year while the price moved −7.1%. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a HCL Tech share price forecast for 2026? What management itself guided: FY27 CC revenue growth: company 2.5%-4% (87 basis points inorganic) and Services 3%-4% (62 basis points inorganic)

## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- AI & data centre stocks: https://www.sectoralpha.in/ai-stocks-india
- IT stocks: https://www.sectoralpha.in/sectors/it-stocks-india

This is research, not advice. We’re not SEBI-registered.