NSE: HCLTECH | BSE: 532281

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1419.00 -24.30 (-1.68%)

29.48% Fall from 52W High

4.0M NSE+BSE Volume

NSE 05 Sep, 2025 3:31 PM (IST)

385,069.1

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1.0

Beta 1Year

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HCL Technologies Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HCLTECH, BSE:532281 HCL Technologies Ltd.

HCL Technologies Ltd.

12 May 2017

1419.00

-1.68%

Result Review of HCL Technologies

Buy: HCL Technologies Ltd.

IDBI Capital

forecast of a 4.1% growth. However, EBIT margin of 20%, -34bps QoQ, beat our forecast. EPS of Rs16.5, +12.2%/+20.6% QoQ/YoY was also a beat, aid by reversal of tax provisions. HCLT confirmed that its Mode 2/3 solutions (details on page 2) grew at 30.9% YoY in FY17 and were 18.6% of revenue. It is confident of strong growth in these solutions over FY18/19. FY18 guidance 1) revenue growth of 10.5%-12.5% in CC and 2) EBIT margin of 19.5%-20.5%. We fine-tune our FY18E EPS by ~1% and introduce FY19 financials. We forecast FY17-19E revenue (US$)/EPS CAGR of 11.9%/10.5%. We roll-over to FY19 and now value HCLT based on PER of 14x (16x FY18E earlier) which is in-line with its median 1year forward PER of 13.4x in the last 3 years....

HCL Technologies Ltd. has an average target of 1735.08 from 12 brokers.

HCL Technologies Ltd.

11 May 2017

1419.00

-1.68%

HCL Technologies-4QFY17 Result Update

Buy: HCL Technologies Ltd.

Reliance Securities

HCL Technologies (HCLT) reported strong revenue growth of 3.8% QoQ in CC terms in 4QFY17, while USD revenue growth came in at a healthy 4.1% QoQ to US$1,817mn. EBIT margin was 46bps above our estimate, aided by revenue growth and higher utilisation. The IT major guided for 10.5-12.5% CC revenue growth for FY18E, and expects a similar EBIT margin range for FY18E, at 19.5-20.5%. The guidance is below what we were expecting, though we believe...

HCL Technologies Ltd. has an average target of 1735.08 from 12 brokers.

HCL Technologies Ltd.

21 Mar 2017

1419.00

-1.68%

HCL Technologies

Buy: HCL Technologies Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research The HCL Technologies (HCLT) board has approved a proposal to buy back shares worth | 3,500 crore on a proportionate basis under the tender offer route. HCLT will repurchase 3.5 crore shares (2.45% of its equity) at | 1,000 per share (~16% premium to closing price of | 863 on March 20, 2017). While the buyback should be broadly EPS neutral, the return ratio should improve, going forward, with better cash utilisation. Furthermore, with ~55% dividend payout based on 9MFY17 EPS &...

HCL Technologies Ltd. has an average target of 1735.08 from 12 brokers.

HCL Technologies Ltd.

25 Jan 2017

1419.00

-1.68%

HCL Technologies (3QFY17): Growth solidity. BUY

Buy: HCL Technologies Ltd.

Target

HDFC Securities

HCL Tech (HCLT) delivered in-line revenues (3% CC, 1.3% USD QoQ) in 3Q while the margin beat drew from higher FP contracts and automation.

Number of FII/FPI investors decreased from 1480 to 1464 in Jun 2025 qtr

HCL Technologies Ltd.

25 Jan 2017

1419.00

-1.68%

HCL Technologies

Buy: HCL Technologies Ltd.

ICICI Securities Limited

Dollar revenues grew 1.3% QoQ to $1,745 million, in line with our 1.1% growth and $1,741 million estimate Revenues in rupees grew 2.5% QoQ to | 11,814 crore, above our 1.9% QoQ growth and | 11,736.7 crore estimate (average rupee realised 67.7 vs. 67.4 assumed)...

HCL Technologies Ltd. has an average target of 1735.08 from 12 brokers.

HCL Technologies Ltd.

25 Jan 2017

1419.00

-1.68%

EARNING UPDATE - HCL TECHNOLOGIES

Buy: HCL Technologies Ltd.

Chola Wealth Direct

Background: HCL Tech is the 4th largest IT services exporter offering offshore IT Services. In 3QFY17: Revenue split, Americas: 61.9%, Europe: 29.6% & ROW: 8.5%. Service Mix: Application development & maintenance: 37.5%, Infrastructure Services: 39.8%, Engineering and R&D; services: 18.6% business process management: 4.0%. Managed services and fixed price contracts account for 63.2%, while time and material 36.8%. Major verticals are Manufacturing: 33.9%, Financial Services: 24.3%, Healthcare: 12.0%, Retail and CPG: 9.4%, Media: 8.9%, Public Services: 11.2% & others: 0.4%. Company has 8 clients in USD...

HCL Technologies Ltd. has an average target of 1735.08 from 12 brokers.

HCL Technologies Ltd.

25 Jan 2017

1419.00

-1.68%

Result Updates

Buy: HCL Technologies Ltd.

Angel Broking

For 3QFY2017, HCL Tech posted numbers almost in-line with expectations. On the revenue front, the company posted a 1.3% sequential growth in USD revenues to US$1,745mn (US$1,749mn expected) v/s US$1,722mn in 2QFY2017. Revenue in Constant Currency (CC) was up 3.0% qoq. On EBIT front, the company posted an EBIT of 20.4% (20.0% expected) v/s..

HCL Technologies Ltd. has an average target of 1735.08 from 12 brokers.

HCL Technologies Ltd.

25 Jan 2017

1419.00

-1.68%

Result Review of HCL Technologies Ltd

Buy: HCL Technologies Ltd.

IDBI Capital

forecast of a 2.5% growth. Further, EBIT margin improvement of 30bps QoQ to 20.4% also beat our forecast. EPS of Rs14.7, +2.8%/+7.6% was in-line with our forecast. HCLT has extended its IP partnership with IBM to additional products in the areas of Application security, B2B data transformation, Testing automation and Mainframe management tools. It would invest ~US$155mn in the same taking its total investment to US$555mn in the partnership. HCLT has reiterated it FY17 guidance 1) organic revenue growth of 12%-14% in CC, expects to achieve growth in the middle of the range and 2) EBIT margin of 19.5%-20.5%. We largely maintain our forecast of FY16-18 revenue/EPS CAGR of 12%/11%. We believe that this...

Number of FII/FPI investors decreased from 1480 to 1464 in Jun 2025 qtr

Is HCL Technologies Ltd. worth buying?

1836 Votes:

Buy 85.4%

Sell 7.52%

Hold 7.08%

RESEARCH REPORTS

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