HCL Technologies, incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 286617.31 Crore) operating in IT Software sector.
HCL Technologies key Products/Revenue Segments include Software Development Charges and Computer Hardware & Software for the year ending 31-Mar-2022.
Financials
The company’s top management includes Ms.Roshni Nadar Malhotra, Ms.Vanitha Narayanan, Mr.Simon England, Dr.Mohan Chellappa, Mr.Deepak Kapoor, Ms.Nishi Vasudeva, Mr.Thomas Sieber, Mr.Subramanian Madhavan, Dr.Sosale Shankara Sastry, Ms.Robin Ann Abrams, Mr.R Srinivasan, Mr.Shikhar Malhotra, Mr.Shiv Nadar, Mr.C Vijayakumar. Company has B S R & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 271 Crore shares outstanding.
Investment Rationale
The brokerage estimates the company's growth at 7.9% YoY in CC terms for FY24E, close to the top end of the guidance of 6-8%. As a result, ICICI Securities' increases its revenue forecasts over FY24E-FY26E by up to 2% each year. On EBIT margin, the brokerage has lowered its outer year assumptions due to the company’s higher focus on cost take-out deals in which margins are lower.
Promoter/FII Holdings
Promoters held 60.72 per cent stake in the company as of 31-Dec-2022, while FIIs owned 18.29 per cent, DIIs 15.77 per cent.
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