Key Metrics of Hcl Infosystems Limited
About Hcl Infosystems Limited
Sectors
Company details
- Registered office
- 806 Siddharth, 96 Nehru Place, New Delhi, In-dl, 110019
- Listed
- NSE: HCL-INSYS · ₹9.41
Operational Areas of Hcl Infosystems Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
NoteLatest action: rating withdrawn (CARE, 28 Nov 2025)
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 28 Nov 2025 | CARE | Withdrawn | BBB+ | A2 | Stable | — | View |
| 29 Aug 2024 | CARE | Reaffirmed | BBB+ | A2 | Stable | ₹182 Cr | View |
| 20 Sep 2023 | CARE | Assigned | BBB+ | A2 | Stable | ₹300 Cr | View |
Credit strengths (CARE, Nov 2025)
+ Strong and resourceful promoter group with a long track record of operations
HCLC is one of the holding companies of the HCL group, which was founded in 1980, and is promoted by Shiv Nadar and his family. HCLI is also an HCL group company. Shiv Nadar is the Founder and Chairman of the HCL group and the Shiv Nadar Foundation. He founded HCL in 1976 and has wide entrepreneurship experience ( ~50 years) in the Information Technology (IT) sector. In 2008, he was awarded the Padma Bhushan for his efforts in the development of the IT industry in India. In 2007,
+ Track record of financial support by HCLC to HCLI
In light of losses incurred by HCLI, the support from the HCL group, particularly HCLC, gives significant comfort. HCLC has infused interest-free unsecured loans of ₹355 crore (outstanding as on March 31, 2025) in HCLI. HCLC provides unconditional and irrevocable CG to HCLI’s working capital facilities, which is ~₹396 crore as on March 31, 2025. The total support extended by HCLC to HCLI is ₹751 crore as on March 31, 2025. Considering continuous losses, HCLC’s financial support is key to the com
Credit challenges
− Continued PBILDT losses, leading to HCLI’s weak financial risk profile
HCLI has been continuously making profit before interest, lease rentals, depreciation and taxation (PBILDT) losses considerin g historical low-margin contracts and delayed receivables, a significant portion of which has been written-off, and high legal costs for large litigations being undertaken to recover these receivables. The company has negative net worth of ~₹291 crore as on March 31, 2025. Gradually, the company has shut down all its segments, except the system integration (SI) business.
Could lead to an upgrade
• Undertaking significant new projects, leading to profitable revenue growth. • Significant equity infusion, leading to a healthy net worth.
Could lead to a downgrade
• Decline in value of its investment portfolio and/or rise in debt either on-balance sheet or off-balance sheet, leading to moderation of the market value of investments-to-debt ratio of below 4.5x. • Transfer of the ‘HCL’ brand to another entity. 1Complete definition of the ratings assigned are available at www.careedge.in and other CARE Ratings Ltd.’s publications 1 CARE Ratings Ltd. Press Release Rating sensitivities of standalone rating of HCLI: Factors likely to lead to rating actions
Agency-reported financials (CARE, 28 Nov 2025)
| Metric | March 31, 2024 | March 31, 2025 |
|---|---|---|
| Total Operating Income | ₹235 Cr | ₹170 Cr |
| PAT | ₹47.85 Cr | ₹139 Cr |
| Interest coverage (times) | 2,561.26× | 5,630.89× |
| Total assets | ₹5,146 Cr | ₹5,214 Cr |
| Net NPA (%) | 0.4% | 0.4% |
| ROTA (%) | 1.0% | 2.7% |
| Revenue growth (YoY) | — | −27.6% |
| PAT margin | 20.3% | 81.6% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| (I) Long Term Short Term Bank | Working capital & bank lines | — | ₹117 Cr | — | BBB+ / A2 (Stable) | Reaffirmed | CARE |
| (II) Long Term Short Term Bank Final Facilities (CE) Confirmed | Working capital & bank lines | — | ₹65.0 Cr | — | AA-(CE) / A1+ (Stable) | Other | CARE |
CARE ratings on record (checked 23 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Bank Guarantee | — | Withdrawn |
| Un Supported Rating (LT/ST) | — | Withdrawn |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | BBB+ · Credit enhancement (external support) (CARE, Nov 2025) |
| Withdrawal | CARE · 28 Nov 2025 · Withdrawn at company request with lender NOCs |
| Next action stable or better (model) | 70% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 62% chance the next rating action is stable or better
- Current rating BBB+ (investment grade)
- Interest coverage 2,561.26×
- CARE withdrew its ratings on 28 Nov 2025 — usually after the rated bank loans were repaid or moved to another lender
Rated limits by facility
Timeline
From the report
HCLC has infused interest-free unsecured loans of ₹355 crore (outstanding as on March 31, 2025) in HCLI.
From the report
Amid these cash losses, liquidity support is largely derived from the committed funding support from HCLC amounting to ₹1,500 crore in the form of CG/Unsecured loans.
From the report
HCLC has infused interest-free unsecured loans of ₹355 crore (outstanding as on March 31, 2024) in HCLI.
From the report
Amid these cash losses, the liquidity support is largely derived from the authorised limit of funding support from HCLC amounting to ₹1,500 crore in the form of CG/Unsecured loans.
From the report
The company has ₹175 crore of cash and cash equivalents as on June 30, 2024, of which about ₹68 crore was kept as margin money.
From the report
The company also has liquid investments of ₹31 crore as on June 30, 2024.
From the report
HCLC has infused interest-free unsecured loans of ₹355 crore (outstanding as on March 31, 2023) in HCLI.
From the report
Amid these cash losses, the liquidity support is largely derived from the authorised limit of funding support from HCLC amounting to ₹1,500 crore in the form of CG or unsecured loans.
From the report
The company had ₹192 crore of cash and cash equivalents as on March 31, 2023, of which about ₹70 crore was kept as margin money and ₹120 crore is money from the MTNL arbitration provided for the liability side considering the arbitration is ongoing.
From the report
Of the margin money of ₹70 crore, about ₹50 crore is expected to be freed once the BG of ₹65 crore from Axis Bank Limited is sanctioned.
From the report
The company also has liquid investments of ₹44 crore as on March 31, 2023, which supports the liquidity.
From the report
Financial covenants Net Debt of the Borrower (India -Consolidated), defined as [Total Outstanding Borrowing I Net Debt of the Company (Short term and Long term) + Outstanding under the fund based working capital facilities – Cash and cash equivalents]: Maximum Rs 1100cr II Gross Debt Gross Debt of borrowers (India consolidated): Not to exceed Rs. 1400 crore B.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Hcl Infosystems Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Infosys |
IT Services & Consulting · IT Services | infosys.com | 1981 | India |
 Wipro |
Part of Wipro. | wipro.com | 1945 | India |
 Tata Consultancy Services |
Indian IT Services · IT Services & Software | tcs.com | 1968 | Mumbai, India |
 HCL Technologies |
Indian IT Services · IT Services & Software | hcltech.com | 1991 | New Delhi, India |
 Tech Mahindra |
IT Services & Consulting · IT Services | techmahindra.com | 1987 | Mumbai, India |
 LTM Limited |
Indian IT Services · Business Services | ltm.com | 1997 | Mumbai, Maharashtra, India |
 Coforge Limited |
Travel & Tourism · Restaurants, Hotels & Travel | coforge.com | — | Gurugram, Haryana, India |
 Mphasis |
Indian IT Services · IT Services & Software | mphasis.com | 2000 | Bangalore, India |
 Persistent Systems |
IT Services & Consulting · IT Services | persistent.com | 1990 | Pune, India |
 Meesho |
Product & Internet Companies · IT Services & Software | meesho.com | — | Bangalore, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.