HCL Technologies Limited (HCLTECH) — Cash Flow Quality Index
HCL Technologies Limited (HCLTECH) has a Cash Flow Quality Index of 0.65x as of June 2026. Operating cash flow of Rs29.95 Billion is below net income of Rs46.11 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore HCLTECH operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
HCL Technologies Limited Cash Flow Quality Index (2004–2026)
Historical Cash Flow Quality Index for HCL Technologies Limited across 24 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see HCLTECH operating cash flow.
Annual Cash Flow Quality Index for HCL Technologies Limited (2004–2026)
Year-by-year earnings quality comparison for HCL Technologies Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 1.28x | Rs213.59 Billion | Rs166.42 Billion | ▲ +0.5% |
| 2025 | 1.28x | Rs222.61 Billion | Rs174.37 Billion | ▲ +19.2% |
| 2024 | 1.07x | Rs224.48 Billion | Rs209.67 Billion | ▲ +15.9% |
| 2023 | 0.92x | Rs180.09 Billion | Rs194.88 Billion | ▼ -7.3% |
| 2022 | 1.00x | Rs2.23 Billion | Rs2.24 Billion | ▼ -19.4% |
| 2021 | 1.24x | Rs2.67 Billion | Rs2.16 Billion | ▲ +29.5% |
| 2020 | 0.96x | Rs1.77 Billion | Rs1.85 Billion | ▲ +34.4% |
| 2019 | 0.71x | Rs89.71 Billion | Rs126.22 Billion | ▼ -5.9% |
| 2018 | 0.76x | Rs83.28 Billion | Rs110.24 Billion | ▼ -11.5% |
| 2017 | 0.85x | Rs89.95 Billion | Rs105.42 Billion | ▲ +41.8% |
| 2016 | 0.60x | Rs44.60 Billion | Rs74.14 Billion | ▼ -28.1% |
| 2015 | 0.84x | Rs974.04 Million | Rs1.16 Billion | ▲ +37.8% |
| 2015 | 0.61x | Rs55.39 Billion | Rs91.17 Billion | ▼ -25.5% |
| 2014 | 0.82x | Rs64.57 Billion | Rs79.17 Billion | ▼ -4.3% |
| 2013 | 0.85x | Rs44.92 Billion | Rs52.70 Billion | ▲ +7.1% |
| 2012 | 0.80x | Rs25.53 Billion | Rs32.10 Billion | ▼ -3.7% |
| 2011 | 0.83x | Rs17.63 Billion | Rs21.35 Billion | ▼ -32.1% |
| 2010 | 1.22x | Rs17.91 Billion | Rs14.72 Billion | ▲ +74.8% |
| 2009 | 0.70x | Rs11.18 Billion | Rs16.06 Billion | ▼ -39.0% |
| 2008 | 1.14x | Rs13.49 Billion | Rs11.83 Billion | ▲ +50.8% |
| 2007 | 0.76x | Rs10.80 Billion | Rs14.28 Billion | ▼ -18.8% |
| 2006 | 0.93x | Rs7.54 Billion | Rs8.09 Billion | ▲ +12.0% |
| 2005 | 0.83x | Rs5.95 Billion | Rs7.16 Billion | ▼ -96.8% |
| 2004 | 25.70x | Rs4.82 Billion | Rs187.37 Million | — |