HCL Tech(NSE: HCLTECH) has released the results of the quarter which was completed in December 2023. The performance is far beyond the expectations.
This company reported an increase in its earnings and revenue base every quarter. The company’s profits have increased to Rs 4,350 crore in the 3rd quarter, compared to 3,832 crore in September.
This increase in the company’s profit is 13.5 percent. The company’s income has also increased from Rs 26,672 crore to Rs 28,446 crore quarter-on-quarter.
The tech company has reported that EBIT has increased to Rs 5644 crore in the quarter that ended December, from Rs 4,919 crore in the second quarter of this year.
During this period, the company’s EBIT margin has increased from 18.4 percent to 19.8 percent quarter-on-quarter.
The company’s dollar income has increased from 322.5 crore to 341.5 crore (QoQ).
Declaration Of Dividend
The board of directors of the company has agreed to approve an interim dividend of up to 12 rupees for each equity share during 2023-24.
The date of record for the payment of the interim dividend is January 20, 2024 This was approved through the Board.
The company announced that the due date for payment of its interim dividend is January 31, 2024.
Stock Rise
HCL Tech shares saw a rise of 4.65 percent today and closed at Rs 1,553.90. The share has reached near its 52-week high of Rs 1,555.
Apart from this, the company has reduced its revenue growth guidance for the entire financial year 2024 from 5-6 percent in constant currency terms from the previous quarter to 5-5.5 percent now.
Revenue growth guidance in Q1 was 6-8 percent. Brokerage has set a target of Rs 1721 for this share.
About HCL Technologies Ltd
HCL Technologies Ltd. engages in computer programming, consulting and related services.
Its Software Services segment provides application maintenance and development enterprise applications, the next generation of software as a Service application services, engineering,& developing research.
The company also offers digital process operations including lending solutions and supply chain management accounting and finance, digital and content, as well as cognitive automation & engineering and R&D solutions.
That encompasses cloud-based digital engineering operational technology, product engineering and various industry sectors.
Its IT Services segment provides management services that utilize customer’s data technology assets.
The company provides the automotive and aerospace industries, & banking, capital markets & captive business services.
The company was established by Shiv Nadar on the 12th of November in 1991. Its headquarters is in Noida, India.
Fundamental Analysis of HCL Technologies Ltd
| Market Cap | ₹ 4,18,122 Cr. |
| Current Price | ₹ 1,541 |
| 52-wk High | ₹ 1,555 |
| 52-wk Low | ₹ 1,016 |
| Stock P/E | 26.6 |
| Book Value | ₹ 242 |
| Dividend | 3.12 % |
| ROCE | 28.3 % |
| ROE | 23.0 % |
| Face Value | ₹ 2.00 |
| P/B Value | 6.37 |
| OPM | 22.2 % |
| EPS | ₹ 57.8 |
| Debt | ₹ 5,268 Cr. |
| Debt to Equity | 0.08 |
HCL Technologies Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹1600 | ₹1690 |
| 2025 | ₹1700 | ₹1890 |
| 2026 | ₹1900 | ₹2100 |
| 2027 | ₹2300 | ₹2540 |
| 2028 | ₹2700 | ₹2800 |
| 2029 | ₹2840 | ₹2980 |
| 2030 | ₹3000 | ₹3300 |
HCL Technologies Ltd Shareholding Pattern
| Promoters Holding | |
| Sept 2022 | 60.72% |
| Dec 2022 | 60.72% |
| Mar 2023 | 60.82% |
| June 2023 | 60.82% |
| Sept 2023 | 60.82% |
| FII Holding | |
| Sept 2022 | 17.17% |
| Dec 2022 | 18.29% |
| Mar 2023 | 18.92% |
| June 2023 | 18.98% |
| Sept 2023 | 18.80% |
| DII Holding | |
| Sept 2022 | 16.52% |
| Dec 2022 | 15.85% |
| Mar 2023 | 15.28% |
| June 2023 | 15.33% |
| Sept 2023 | 15.62% |
| Govt. Holding | |
| Sept 2022 | 0.02% |
| Dec 2022 | 0.02% |
| Mar 2023 | 0.02% |
| June 2023 | 0.02% |
| Sept 2023 | 0.02% |
| Public Holding | |
| Sept 2022 | 5.34% |
| Dec 2022 | 4.89% |
| Mar 2023 | 4.74% |
| June 2023 | 4.63% |
| Sept 2023 | 4.54% |
| Others Holding | |
| Sept 2022 | 0.23% |
| Dec 2022 | 0.23% |
| Mar 2023 | 0.23% |
| June 2023 | 0.23% |
| Sept 2023 | 0.21% |
HCL Technologies Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹60,427 Cr |
| 2020 | ₹70,676 Cr |
| 2021 | ₹75,379 Cr |
| 2022 | ₹85,651 Cr |
| 2023 | ₹108,020 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹10,120 Cr |
| 2020 | ₹11,057 Cr |
| 2021 | ₹11,169 Cr |
| 2022 | ₹13,523 Cr |
| 2023 | ₹15,696 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.09 |
| 2020 | 0.09 |
| 2021 | 0.06 |
| 2022 | 0.06 |
| 2023 | 0.03 |
Last 10 Years’ Profit Growth:
| 10 Years: | 20% |
| 5 Years: | 11% |
| 3 Years: | 10% |
| Current Year: | 9% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 24% |
| 5 Years: | 23% |
| 3 Years: | 22% |
| Last Year: | 23% |
Last 10 Years’ Sales Growth:
| 10 Years: | 17% |
| 5 Years: | 15% |
| 3 Years: | 13% |
| Current Year: | 11% |
Conclusion
This article is a complete guide about HCL Technologies Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
