To the full analysis
Buyback calculator for HCL Technologies
HCL Technologies stock: key metrics
HCLTECH.NSHCL Technologies had an operating margin of 17.2% and a return on invested capital (ROIC) of 34.7% in fiscal 2026.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2007 | 44.7% | 23.7% | 21.8% |
| 2008 | 44.6% | 15.9% | 13.9% |
| 2009 | 98.0% | 16.8% | 12.9% |
| 2010 | 96.3% | 13.8% | 10.4% |
| 2011 | 96.7% | 13.5% | 10.5% |
| 2012 | 42.9% | 15.3% | 11.6% |
| 2013 | 35.9% | 19.7% | 15.6% |
| 2014 | 38.6% | 25.9% | 19.3% |
| 2015 | 36.8% | 24.2% | 20.4% |
| 2017 | 33.9% | 21.8% | 18.1% |
| 2018 | 34.6% | 22.7% | 17.4% |
| 2019 | 36.5% | 23.1% | 16.7% |
| 2020 | 37.7% | 23.6% | 15.6% |
| 2021 | 40.9% | 20.5% | 14.8% |
| 2022 | 38.4% | 18.9% | 15.7% |
| 2023 | 36.4% | 18.2% | 14.6% |
| 2024 | 35.9% | 18.2% | 14.3% |
| 2025 | 34.9% | 18.3% | 14.7% |
| 2026 | 23.5% | 17.2% | 12.8% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2007 | 32.5% | 38.0% | 24.9% |
| 2008 | 25.2% | 31.8% | 15.5% |
| 2009 | 26.7% | 30.4% | 11.2% |
| 2010 | 20.0% | 21.2% | 10.0% |
| 2011 | 21.5% | 22.6% | 11.8% |
| 2012 | 24.6% | 29.0% | 13.2% |
| 2013 | 30.4% | 75.6% | 18.9% |
| 2014 | 31.1% | 2.0% | 20.5% |
| 2015 | 30.1% | 53.3% | 20.8% |
| 2017 | 24.6% | 37.3% | 17.8% |
| 2018 | 24.1% | 33.5% | 18.3% |
| 2019 | 23.8% | 33.0% | 16.9% |
| 2020 | 22.8% | 33.1% | 14.1% |
| 2021 | 18.4% | 21.7% | 12.8% |
| 2022 | 22.1% | 26.1% | 15.4% |
| 2023 | 23.1% | 28.7% | 16.2% |
| 2024 | 23.2% | 31.2% | 15.8% |
| 2025 | 25.0% | 34.4% | 16.5% |
| 2026 | 22.1% | 34.7% | 14.3% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 22 May 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.