Release M Group selects HCLTech for AI-led IT transformation across 200+ locations .
Ask the chart: “Has this stock recovered from similar drawdowns before?”
AI equity note (bull/bear, numbers, sources) — coming soon
Management guidance consistency — coming soon
Latest filings
NSE announcements · newest firstRelease HCLTech recognized as a Leader in Everest Group's inaugural PLM Services PEAK Matrix® Assessment 2026 .
Release Integration Overtakes Supply as the Primary Semiconductor Challenge, reveals HCLTech Research .
Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
'Release: HCLTech Launches HCLTech Pulse to Accelerate AI-Led Transformation for Fast-Scaling Enterprises'.
Key MetricsFull financials →
P/E (TTM)
19.6×
EPS ₹64.21
P / Book
4.54×
BVPS ₹277
ROE
23.0%
FY26, avg equity
Net margin
12.8%
FY26
Revenue YoY
+13.9%
Q1 FY27
Net profit YoY
+20.3%
Q1 FY27
Debt / equity
0.00×
₹159 Cr debt
Div. yield
4.77%
₹60.00 in 12 months
From NSE filings (consolidated) and the last close.
Shareholding Pattern Jun 2026
Promoter pledge: none reported
Peer Comparison
| Company | P/E | P/B | ROE | Margin |
|---|---|---|---|---|
| TCS₹7.54L Cr | 15.1× | 7.03× | 49.0% | 18.5% |
| INFY₹4.05L Cr | 13.4× | 4.36× | 31.2% | 16.5% |
| HCLTECH₹3.42L Cr | 19.6× | 4.54× | 23.0% | 12.8% |
| WIPRO₹1.72L Cr | 12.9× | 1.95× | 15.6% | 14.3% |
| TECHM₹1.37L Cr | 26.6× | 4.63× | 16.9% | 8.5% |
| LTM₹1.21L Cr | 23.3× | 5.03× | 21.3% | 11.8% |
Computers - Software & Consulting: the companies closest in market value, of the 49 in that basic industry whose filings we hold. Computed from each company's NSE filings (up to Q1 FY27) and the last close; hover a column for its definition.
Forensic Flags
No check is outside its threshold.
13 checks within their thresholds
Operating cash flow was 1.27× net profit
Cumulative over FY22–FY26 (5 years).
Free cash flow was negative in 0 of the last 5 years
Operating cash flow less capital expenditure, as filed.
Receivables grew 22% against revenue growth of 11%
FY26: debtor days moved from 81 to 88.
Debt to equity is 0.00×
As at 2026-03-31; it was 0.03× at 2023-03-31.
Profit before interest and tax covers finance costs 26.4×
FY26.
Other income is 7% of profit before tax
FY26.
Exceptional items above 5% of pre-tax profit in 0 of the last 5 years
FY22–FY26.
Effective tax rate averaged 25%
Tax over pre-tax profit, last 3 years. The base corporate rate is about 25%.
Share count changed +0.0% in three years, net of bonuses and splits
From 2023-03-31 to 2026-03-31. Shares issued for mergers, placements, conversions and stock options all count.
Promoter holding is 60.88%, +0.07 points over a year
2026-06-30 against 2025-06-30.
No promoter shares are pledged
Shareholding pattern as at 2026-06-30.
No auditor change or resignation filings in three years
From NSE announcements on record.
Results were filed late in 0 of the last 8 quarters
Slowest filing came 22 days after the period end.
Computed from NSE filings (consolidated). Colours follow fixed thresholds, shown on hover. These are facts about the filings, not advice.
Formula Scores
Piotroski F-score: 7 of 9 · FY to 2026-03-31one point for each of nine tests on profitability, leverage and liquidity, and operating efficiency, comparing the year with the one before
- ✓ Return on assets positive: 15.78 — profit after tax over the year's opening total assets, %
- ✓ Operating cash flow positive: 19,975 — ₹ crore
- ✓ Cash flow above profit (accruals): 3,323 — operating cash flow less profit after tax, ₹ crore
- ✗ Return on assets improved: -1.66 — change in ROA, percentage points
- ✓ Long-term borrowings to assets fell: -0.03 — change in long-term borrowings over total assets, percentage points
- ✓ Current ratio improved: 0 — change in current assets over current liabilities
- ✓ No new shares issued: 0 — change in share capital, %
- Gross margin improved — material cost not reported (a services company has none)
- ✓ Asset turnover improved: 0.06 — revenue over the year's opening total assets, change
Inputs: profit after tax ₹16,652 Cr (2026-03-31) · profit after tax ₹17,399 Cr (2025-03-31) · total assets ₹1,16,258 Cr (2026-03-31) · total assets ₹1,05,544 Cr (2025-03-31)
The paper's bands: 8–9: the paper's high group; 0–2: the paper's low group
8 of the nine tests could be run; the score counts the ones that passed
Source: Joseph Piotroski, "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers", Journal of Accounting Research, 2000
Altman Z-score: 8.05 · FY to 2026-03-31Z = 1.2 × working capital / total assets + 1.4 × retained earnings / total assets + 3.3 × EBIT / total assets + 0.6 × market value of equity / total liabilities + 1.0 × sales / total assets
- working capital / total assets: 0.333 × 1.2
- retained earnings / total assets: 0.642 × 1.4 — reserves and surplus as retained earnings
- EBIT / total assets: 0.198 × 3.3 — profit before tax plus finance cost
- market value of equity / total liabilities: 8.301 × 0.6 — market capitalisation over total assets less equity
- sales / total assets: 1.119 × 1
Inputs: total assets ₹1,16,258 Cr (2026-03-31) · current assets ₹70,542 Cr (2026-03-31) · current liabilities ₹31,826 Cr (2026-03-31) · reserves ₹74,622 Cr (2026-03-31) · total equity ₹75,197 Cr (2026-03-31) · profit before tax ₹22,102 Cr (2026-03-31) · finance cost ₹869 Cr (2026-03-31) · revenue ₹1,30,144 Cr (2026-03-31) · market capitalisation (today) ₹3,40,836 Cr
The paper's bands: above 2.99: the paper's safe zone; 1.81–2.99: the grey zone; below 1.81: the distress zone
the 1968 form, fitted on manufacturers; reserves stand in for retained earnings, and profit before tax plus finance cost for EBIT
Source: Edward Altman, "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy", Journal of Finance, 1968
Graham number: 618.24 ₹ per share · FY to 2026-03-31√(22.5 × earnings per share × book value per share): the price at which P/E × P/B = 22.5 (a P/E of 15 at a P/B of 1.5)
- earnings per share: 61.36
- book value per share: 276.85 — owners' equity over shares (paid-up capital / face value)
Inputs: earnings per share 61.36 (2026-03-31) · owners' equity ₹75,165 Cr (2026-03-31) · paid-up capital ₹543 Cr (2026-03-31) · face value 2 (2026-03-31)
a number the book uses as a ceiling for a defensive investor's purchase price; it is arithmetic on two reported figures, not a valuation
Source: Benjamin Graham, The Intelligent Investor (1949; the 22.5 in the 1973 edition's criteria for the defensive investor)
Sloan accrual ratio: -3 % of assets · FY to 2026-03-31(profit after tax − operating cash flow) / average total assets
Inputs: profit after tax ₹16,652 Cr (2026-03-31) · operating cash flow ₹19,975 Cr (2026-03-31) · total assets ₹1,16,258 Cr (2026-03-31) · total assets ₹1,05,544 Cr (2025-03-31)
how much of the year's profit was not cash; the paper sorts companies by this and reports the top decile's later returns
Source: Richard Sloan, "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?", The Accounting Review, 1996
Each score is its published formula applied to the company's own filings (consolidated); open one for the tests, the inputs and the paper. Arithmetic on the filings, not a view on the stock.