HCL Technologies Limited
HCL Technologies Limited provides IT and business services, engineering, research and development services, software products, and IP-led offerings. It operates through IT and Business Services, Engineering and R&D Services, and HCL Software segments. The company provides application development, management, modernization, and testing services, as well as commercial applications; automation servi… Read more
HCL Technologies Limited (HCLTECH) - Net Assets
Latest net assets as of December 2025: ₹729.27 Billion INR
Based on the latest financial reports, HCL Technologies Limited (HCLTECH) has net assets worth ₹729.27 Billion INR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹1.14 Trillion) and total liabilities (₹411.17 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹729.27 Billion |
| % of Total Assets | 63.95% |
| Annual Growth Rate | 16.05% |
| 5-Year Change | 15.72% |
| 10-Year Change | 148.41% |
| Growth Volatility | 1833.28 |
HCL Technologies Limited - Net Assets Trend (2004–2025)
This chart illustrates how HCL Technologies Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HCL Technologies Limited (2004–2025)
The table below shows the annual net assets of HCL Technologies Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹696.27 Billion | +2.08% |
| 2024-03-31 | ₹682.10 Billion | +4.29% |
| 2023-03-31 | ₹654.07 Billion | +5.26% |
| 2022-03-31 | ₹621.37 Billion | +3.27% |
| 2021-03-31 | ₹601.69 Billion | +15.59% |
| 2020-03-31 | ₹520.56 Billion | +22.79% |
| 2019-03-31 | ₹423.94 Billion | +15.38% |
| 2018-03-31 | ₹367.44 Billion | +9.83% |
| 2017-03-31 | ₹334.55 Billion | +19.36% |
| 2016-03-31 | ₹280.29 Billion | +13.24% |
| 2015-03-31 | ₹247.51 Billion | +23.44% |
| 2014-03-31 | ₹200.51 Billion | -97.66% |
| 2013-03-31 | ₹8.58 Trillion | +8616.22% |
| 2012-03-31 | ₹98.39 Billion | +28.50% |
| 2011-03-31 | ₹76.57 Billion | +21.68% |
| 2010-03-31 | ₹62.93 Billion | +27.23% |
| 2009-03-31 | ₹49.46 Billion | +18.10% |
| 2008-03-31 | ₹41.88 Billion | +2.54% |
| 2007-03-31 | ₹40.84 Billion | +31.11% |
| 2006-03-31 | ₹31.15 Billion | -9.83% |
| 2005-03-31 | ₹34.54 Billion | +12.90% |
| 2004-03-31 | ₹30.60 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to HCL Technologies Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3533.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹668.16 Billion | 95.99% |
| Common Stock | ₹5.43 Billion | 0.78% |
| Other Comprehensive Income | ₹29.73 Billion | 4.27% |
| Total Equity | ₹696.10 Billion | 100.00% |
HCL Technologies Limited Competitors by Market Cap
The table below lists competitors of HCL Technologies Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
F5 Networks Inc
NASDAQ:FFIV
|
$16.00 Billion |
|
Essex Property Trust Inc
NYSE:ESS
|
$16.02 Billion |
|
Fabrinet
NYSE:FN
|
$16.02 Billion |
|
Hyundai Mobis Co.,Ltd
KO:012330
|
$16.03 Billion |
|
Textron Inc
NYSE:TXT
|
$15.83 Billion |
|
SGS SA
PINK:SGSOF
|
$15.81 Billion |
|
Muyuan Foodstuff Co Ltd
SHE:002714
|
$15.81 Billion |
|
Trimble Inc
NASDAQ:TRMB
|
$15.80 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HCL Technologies Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 682,015,943,000 to 696,100,751,000, a change of 14,084,808,000 (2.1%).
- Net income of 174,366,916,000 contributed positively to equity growth.
- Dividend payments of 162,500,000,000 reduced retained earnings.
- Share repurchases of 6,760,000,000 reduced equity.
- Other comprehensive income decreased equity by 4,099,620,000.
- Other factors increased equity by 13,077,512,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹174.37 Billion | +25.05% |
| Dividends Paid | ₹162.50 Billion | -23.34% |
| Share Repurchases | ₹6.76 Billion | -0.97% |
| Other Comprehensive Income | ₹-4.10 Billion | -0.59% |
| Other Changes | ₹13.08 Billion | +1.88% |
| Total Change | ₹- | 2.07% |
Book Value vs Market Value Analysis
This analysis compares HCL Technologies Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.15x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 106.74x to 5.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹12.38 | ₹1321.10 | x |
| 2005-03-31 | ₹13.59 | ₹1321.10 | x |
| 2006-03-31 | ₹11.34 | ₹1321.10 | x |
| 2007-03-31 | ₹15.01 | ₹1321.10 | x |
| 2008-03-31 | ₹15.26 | ₹1321.10 | x |
| 2009-03-31 | ₹18.25 | ₹1321.10 | x |
| 2010-03-31 | ₹22.82 | ₹1321.10 | x |
| 2011-03-31 | ₹27.44 | ₹1321.10 | x |
| 2012-03-31 | ₹34.96 | ₹1321.10 | x |
| 2013-03-31 | ₹3035.51 | ₹1321.10 | x |
| 2014-03-31 | ₹70.79 | ₹1321.10 | x |
| 2015-03-31 | ₹87.58 | ₹1321.10 | x |
| 2016-03-31 | ₹98.54 | ₹1321.10 | x |
| 2017-03-31 | ₹116.54 | ₹1321.10 | x |
| 2018-03-31 | ₹131.01 | ₹1321.10 | x |
| 2019-03-31 | ₹152.40 | ₹1321.10 | x |
| 2020-03-31 | ₹189.74 | ₹1321.10 | x |
| 2021-03-31 | ₹221.13 | ₹1321.10 | x |
| 2022-03-31 | ₹228.75 | ₹1321.10 | x |
| 2023-03-31 | ₹241.29 | ₹1321.10 | x |
| 2024-03-31 | ₹251.31 | ₹1321.10 | x |
| 2025-03-31 | ₹256.54 | ₹1321.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HCL Technologies Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.05%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.75%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 1.52x
- Recent ROE (25.05%) is above the historical average (24.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 29.24% | 33.01% | 0.69x | 1.29x | ₹5.67 Billion |
| 2005 | 19.34% | 19.86% | 0.77x | 1.26x | ₹3.21 Billion |
| 2006 | 24.28% | 16.48% | 1.12x | 1.32x | ₹4.43 Billion |
| 2007 | 32.55% | 21.81% | 1.14x | 1.31x | ₹9.17 Billion |
| 2008 | 25.21% | 13.93% | 1.11x | 1.63x | ₹6.36 Billion |
| 2009 | 26.69% | 12.90% | 0.87x | 2.38x | ₹8.25 Billion |
| 2010 | 20.02% | 10.37% | 0.96x | 2.00x | ₹6.30 Billion |
| 2011 | 21.51% | 10.47% | 1.13x | 1.82x | ₹8.81 Billion |
| 2012 | 24.63% | 11.63% | 1.14x | 1.86x | ₹14.39 Billion |
| 2013 | 30.43% | 15.63% | 1.21x | 1.61x | ₹1.75 Trillion |
| 2014 | 31.08% | 19.35% | 1.06x | 1.52x | ₹42.26 Billion |
| 2015 | 30.06% | 20.44% | 1.02x | 1.44x | ₹49.64 Billion |
| 2016 | 26.64% | 17.93% | 1.04x | 1.43x | ₹46.30 Billion |
| 2017 | 24.58% | 18.10% | 0.98x | 1.38x | ₹48.53 Billion |
| 2018 | 24.08% | 17.36% | 1.05x | 1.32x | ₹51.75 Billion |
| 2019 | 23.84% | 16.69% | 1.01x | 1.41x | ₹58.04 Billion |
| 2020 | 22.76% | 15.64% | 0.90x | 1.61x | ₹65.72 Billion |
| 2021 | 18.39% | 14.81% | 0.86x | 1.44x | ₹50.33 Billion |
| 2022 | 22.12% | 15.74% | 0.98x | 1.44x | ₹75.18 Billion |
| 2023 | 23.07% | 14.60% | 1.11x | 1.43x | ₹85.50 Billion |
| 2024 | 23.16% | 14.29% | 1.11x | 1.46x | ₹89.78 Billion |
| 2025 | 25.05% | 14.75% | 1.12x | 1.52x | ₹104.76 Billion |
Industry Comparison
This section compares HCL Technologies Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $2,503,158,354
- Average return on equity (ROE) among peers: 12.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HCL Technologies Limited (HCLTECH) | ₹729.27 Billion | 29.24% | 0.56x | $15.89 Billion |
| 3i Infotech Limited (3IINFOLTD) | $10.02 Billion | 26.55% | 2.88x | $23.73 Million |
| AAA Technologies Limited (AAATECH) | $239.64 Million | 9.76% | 0.16x | $7.64 Million |
| Accelya Solutions India Limited (ACCELYA) | $1.46 Billion | 14.35% | 0.24x | $43.42 Million |
| Adroit Infotech Limited (ADROITINFO) | $160.99 Million | -1.68% | 0.01x | $2.87 Million |
| Allied Digital Services Limited (ADSL) | $6.46 Billion | 4.97% | 0.43x | $32.95 Million |
| Airan Limited (AIRAN) | $158.56 Million | 5.12% | 0.24x | $6.12 Million |
| Alankit Limited (ALANKIT) | $316.22 Million | 1.08% | 0.04x | $12.73 Million |
| Bartronics India Limited (ASMS) | $282.50 Million | 6.18% | 0.15x | $6.02 Million |
| BIRLASOFT LIMITED (BSOFT) | $1.42 Billion | 22.91% | 0.88x | $692.71 Million |
| Computer Age Management Services Limited (CAMS) | $4.51 Billion | 32.35% | 0.55x | $1.74 Billion |