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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
HCL Technologies Limited is a technology company. It is engaged in providing a range of information technology (IT) and business services, engineering and research and development (R&D) services and software products and IP-led offerings. Its segments include IT and Business…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, slow-growing business, fairly priced.
HCL Technologies is scored on the it / services framework. It keeps a healthy 12.7% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.20× reported profit. Free cash flow is worth about 4.7% of its market value.
Over the last 3 years revenue compounded at 9%/yr and profit at 4%/yr. Book value has grown 5%/yr. Return on equity is an elite 24.1%. In the latest quarter profit grew 11% versus the prior quarter.
At 23× earnings, the stock sits at the 47th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~10%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 21.3 | — | — |
| P/B | 5.13 | 7.91 | better |
| EV/EBITDA | 12.99 | — | — |
| ROE | 24.08 | 5.95 | better |
| ROCE | 29 | 66.62 | worse |
| ROA | 15.22 | — | — |
| Quick Ratio | 2.21 | 11.28 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| TCS | 17.4 | 7.6 | 43.4% |
| Infosys | 15.6 | 5.1 | 31.0% |
| Wipro | 14.8 | 2.5 | 16.7% |
Revenue has grown every year across all 4 financial years shown. 9% CAGR — growing but slowly.
Profit is on a 2-year growth streak. Revenue is outpacing profit (9% vs 4%) — costs are rising faster than the top line.
Operating margin has compressed from 19% to 17% — costs or competition are eating into profitability.
ROE at 22% — the business earns well above its cost of equity. Low variance across years — a predictable business that earns steadily on its equity base.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. 4% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (4% spread) — a predictable, non-seasonal revenue stream.
Profit jumped 11% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (12% → 14%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 60.9% — majority control intact. Both FII and MF added last quarter — broad institutional confidence.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.