Key Metrics of HCL Technologies
About HCL Technologies
Sectors
Company details
- Website
- hcltech.com
- Founded
- 1991
- Registered office
- 806, Siddharth, 96, Nehru Place, New Delhi, In-dl, 110019
- Listed
- NSE: HCLTECH · ₹1,422.20
Operational Areas of HCL Technologies
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
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 06 Oct 2026 | ICRA | Reaffirmed | AAA | A1+ | Stable | ₹2,593 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Leading Indian IT service company; diversified service offerings across verticals and geographies
With a scale of Rs. 1,30,144 crore in FY2026 and Rs. 34,579 crore in Q1 FY2027, HCLTech is the third largest IT services company by revenue in India.
+ Strategic relationships with diversified customer base, supported by high repeat business
HCLTech has a well-diversified client base with its top five customers generating only 11.6% of its total revenues in Q1 FY2027.
Credit challenges
− Exposed to industry specific challenges including macroeconomic development and policies in key operating markets
HCLTech generates more than around 90% of its revenues from exports and is, thus exposed to macroeconomic uncertainties and any adverse regulatory/ legislative changes in its key operating markets, particularly the US and Europe (including the UK).
− Exposed to intense competition in global IT industry
The global IT services industry is dominated by several large players, leading to intense pressure on margins.
Could lead to a downgrade
Pressure on the ratings could arise in case of a material deterioration in the company’s credit profile because of a sustained and material decline in its operating performance and/or disproportionate dividend payouts/ share buybacks and/or a large debt-funded acquisition.
Agency-reported financials (ICRA, 06 Oct 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹1,17,055 Cr | ₹1,30,144 Cr |
| PAT | ₹17,399 Cr | ₹16,652 Cr |
| OPBDIT/OI | 21.8% | 20.6% |
| PAT/OI | 14.9% | 12.8% |
| Total outside liabilities/Tangible net worth (times) | 0.50× | 0.50× |
| Total debt/OPBDIT (times) | 0.20× | 0.20× |
| Interest coverage (times) | 39.60× | 30.80× |
| Revenue growth (YoY) | — | 11.2% |
| EBITDA (margin × income) | ₹25,518 Cr | ₹26,810 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹5,104 Cr | ₹5,362 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹644 Cr | ₹870 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term Short-term non-fund | Non-fund based limits | ₹915 Cr | ₹915 Cr | 0.0% | AAA (Stable) | Other | ICRA |
| based facilities , Long-term Short-term fund | Working capital & bank lines | ₹1,678 Cr | ₹1,678 Cr | 0.0% | AAA / A1+ (Stable) | Reaffirmed | ICRA |
Credit assessment · Services
Rating Methodology – Service Sector Companies · 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 | None – standalone rating |
| Next action stable or better (model) | 96% |
| 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: 96% chance the next rating action is stable or better
- Current rating AAA (investment grade)
- Interest coverage 30.8×
Rated limits by facility
Timeline
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 Technologies
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 |
 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 |
| Indian IT Services · Business Services | ltts.com | — | Mumbai, Maharashtra, 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.
Group companies
Business activities and related parties
information technology, outsourcing, software development
Filings
No filings on record yet.