HCL Technologies

Balance Sheet ------------------------- in Rs. Cr. -------------------------

Mar 17 Mar-16 Jun-15 Jun-14 Jun-13
12 mths 9 mths 12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 285.36 282.08 281.2 140 139.37

Total Share Capital 285.36 282.08 281.2 140 139.37

Reserves and
Surplus 25,687.93 21,226.78 19,124.53 15,605.61 10,093.36
Total Reserves and
Surplus 25,687.93 21,226.78 19,124.53 15,605.61 10,093.36

Total Shareholders
Funds 25,973.29 21,508.86 19,405.73 15,745.61 10,232.73
Equity Share
Application Money 0 0.05 0.02 7.65 5.01

NON-CURRENT LIABILITIES
Long Term
Borrowings 31.24 28.16 27.22 27.45 532.66
Other Long Term
Liabilities 41.53 148.68 282.94 515.43 436.92
Long Term
Provisions 411.27 277.01 198.77 175.28 165.98
Total Non-Current
Liabilities 484.04 453.85 508.93 718.16 1,135.56
CURRENT LIABILITIES
Short Term
Borrowings 0 0.03 0 29.25 82.48
Trade Payables 484.59 453.92 468.58 392.47 333.29
Other Current
Liabilities 5,319.10 3,284.36 3,643.67 4,006.16 2,978.45
Short Term
Provisions 110.89 899.31 888.13 915.2 1,191.81
Total Current
Liabilities 5,914.58 4,637.62 5,000.38 5,343.08 4,586.03
Total Capital And
Liabilities 32,371.91 26,600.38 24,915.06 21,814.50 15,959.33
ASSETS

NON-CURRENT ASSETS
Tangible Assets 3,126.45 3,020.41 3,024.98 2,404.30 1,896.95
Intangible Assets 4,863.36 53.34 39.25 44.27 57.23
Capital Work-In-
Progress 410.53 582.12 543.95 518.5 488.19
Fixed Assets 8,400.34 3,655.87 3,608.18 2,967.07 2,442.37 6,028.10 3,632.02
Non-Current
Investments 3,810.10 3,502.58 3,500.23 3,559.72 3,609.72
Deferred Tax Assets
[Net] 1,211.07 230.81 217.88 311.79 376.69
Long Term Loans
And Advances 186.92 1,290.04 1,106.39 836.78 764.09
Other Non-Current
Assets 646.59 297.51 308.1 132.62 132.7
Total Non-Current
Assets 14,255.02 8,976.81 8,740.78 7,807.98 7,325.57
CURRENT ASSETS

Current Investments 914.14 470.86 624.73 556.29 445.98

Inventories 89.93 128.56 83.65 15.54 81.84
Trade Receivables 4,418.39 4,084.53 3,578.28 3,224.19 2,709.21
Cash And Cash
Equivalents 7,962.35 8,662.96 8,829.41 7,911.08 2,808.83
Short Term Loans
And Advances 4,060.82 2,572.89 1,657.70 984.32 1,511.51

OtherCurrentAssets 671.26 1,703.77 1,400.51 1,315.10 1,076.39

Total Current
Assets 18,116.89 17,623.57 16,174.28 14,006.52 8,633.76
Total Assets 32,371.91 26,600.38 24,915.06 21,814.50 15,959.33
OTHER ADDITIONAL
INFORMATION

CONTINGENT LIABILITIES,
COMMITMENTS

Contingent Liabilities 949.37 975.34 1,222.24 3,519.61 4,186.27

CIF VALUE OF IMPORTS

Trade/Other Goods 0 70.67 58.28 0 0

Capital Goods 0 95.14 142.75 138.25 133.95
EXPENDITURE IN FOREIGN
EXCHANGE
Expenditure In
Foreign Currency 0 1,236.42 1,535.76 1,419.40 1,131.64

REMITTANCES IN FOREIGN
CURRENCIES FOR
DIVIDENDS

Dividend Remittance
In Foreign Currency - 383.82 407.78 191.95 120.06
EARNINGS IN FOREIGN
EXCHANGE

FOB Value Of Goods - 11,625.13 14,684.51 14,239.77 11,381.19

Other Earnings - - - - -
BONUS DETAILS
Bonus Equity Share
Capital 222.26 222.26 222.26 81.69 81.69
NON-CURRENT
INVESTMENTS
Non-Current
Investments Quoted
Market Value - - - - 48.42

Non-Current
Investments
Unquoted Book
Value 3,810.10 3,502.58 3,500.23 3,559.72 3,559.72

CURRENT INVESTMENTS

Current Investments
Quoted Market Value - - - - 43.94

Current Investments
Unquoted Book
Value 914.72 470.86 624.73 344.25 401.64

Source : Dion Global Solutions Limited

3,287.63 2,704.72
 HCL Technologies
Standalone Profit & Loss
account ---------------- in Rs. Cr. ---------------
Mar 17 Mar-16 Jun-15 Jun-14 Jun-13
4161.55
12 mths 9 mths 12 mths 12 mths 12 mths

INCOME

Revenue From Operations

[Gross] 19,318.31 13,433.35 17,153.44 16,497.37 12,517.82

Revenue From Operations

[Net] 19,318.31 13,433.35 17,153.44 16,497.37 12,517.82

Total Operating Revenues 19,318.31 13,433.35 17,153.44 16,497.37 12,517.82

Other Income 955.33 968.76 1,199.50 659.12 378.84
Total Revenue 20,273.64 14,402.11 18,352.94 17,156.49 12,896.66
EXPENSES
Purchase Of Stock-In Trade 123.31 162.66 363.76 345.37 251.66
Changes In Inventories Of
FG,WIP And Stock-In Trade 38.63 -46.79 -66.23 64.75 7.83
Employee Benefit Expenses 6,843.38 4,854.22 5,924.62 5,123.95 4,628.61
Finance Costs 56.03 45.82 60.64 81.65 76.46
Depreciation And Amortisation
Expenses 478.89 279.15 299.92 490.7 441.91
Other Expenses 4,457.33 3,339.44 4,071.69 3,652.41 3,038.99
Total Expenses 11,997.57 8,634.50 10,654.40 9,758.83 8,445.46
Mar-17 Mar-16 Jun-15 Jun-14 Jun-13

12 mths 9 mths 12 mths 12 mths 12 mths

Profit/Loss Before
Exceptional, ExtraOrdinary
Items And Tax 8,276.07 5,767.61 7,698.54 7,397.66 4,451.20
Exceptional Items 0 0 0 0 93.54
Profit/Loss Before Tax 8,276.07 5,767.61 7,698.54 7,397.66 4,544.74

Tax Expenses-Continued Operations

Current Tax 1,537.33 1,240.33 1,610.45 1,555.74 924.55

Less: MAT Credit Entitlement 0 181.86 310.43 115.91 14.43

Deferred Tax -133.95 -24.54 52.57 -26.79 -70.1
Total Tax Expenses 1,403.38 1,033.93 1,352.59 1,413.04 840.02
Profit/Loss After Tax And
Before ExtraOrdinary Items 6,872.69 4,733.68 6,345.95 5,984.62 3,704.72
Profit/Loss From Continuing
Operations 6,872.69 4,733.68 6,345.95 5,984.62 3,704.72
Profit/Loss For The Period 6,872.69 4,733.68 6,345.95 5,984.62 3,704.72
Mar-17 Mar-16 Jun-15 Jun-14 Jun-13

12 mths 9 mths 12 mths 12 mths 12 mths

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE

Basic EPS (Rs.) 48.18 33.62 45 85.66 53.32
Diluted EPS (Rs.) 48.18 33.54 45 84.51 52.45

VALUE OF IMPORTED AND

INDIGENIOUS RAW MATERIALS

STORES, SPARES AND LOOSE TOOLS

DIVIDEND AND DIVIDEND PERCENTAGE

Equity Share Dividend 4,068.73 2,251.74 2,385.59 700.27 835.36
Tax On Dividend 0 445.85 439.27 113.39 139.82
Equity Dividend Rate (%) 300 800 1,500.00 500 600

Source : Dion Global Solutions Limited

 HCL Technologies
Key Financial Ratios
-------------------------- in Rs. Cr. ---------------------
Mar '17 Mar '16 Jun '15 Jun '14 Jun '13

Investment Valuation Ratios

Face Value 2 2 2 2 2

Dividend Per Share 6 16 30 10 12

Operating Profit Per

Share (Rs) 55.06 36.33 48.79 104.44 65.88

Net Operating Profit

Per Share (Rs) 135.4 95.25 122 235.68 179.63

Free Reserves Per

Share (Rs) -- -- -- -- --

Bonus in Equity Capital 77.88 78.79 79.03 58.35 58.61

Profitability Ratios

Operating Profit
Margin(%) 40.66 38.14 39.98 44.31 36.67

Profit Before Interest

And Tax Margin(%) 36.38 33.63 35.74 39.75 32.16

Gross Profit Margin(%) 38.18 36.06 38.24 41.34 33.14

Cash Profit Margin(%) 36.26 34.8 36.21 37.74 31.42

Adjusted Cash
Margin(%) 36.26 34.8 36.21 37.74 31.42
Net Profit Margin(%) 35.57 35.23 36.99 36.27 29.59

Adjusted Net Profit

Margin(%) 33.89 32.86 34.57 34.88 28.72

Return On Capital
Employed(%) 32.04 26.99 39.92 47.3 41.71
Return On Net
Worth(%) 26.46 22 32.7 38 36.2

Adjusted Return on Net

Worth(%) 26.46 22 32.7 38 35.29

Return on Assets
Excluding Revaluations 182.04 152.5 138.02 224.94 146.84
Return on Assets
Including Revaluations 182.04 152.5 138.02 224.94 146.84

Return on Long Term

Funds(%) 32.04 26.99 39.92 47.41 42.05

Liquidity And Solvency Ratios

Current Ratio 3.02 3.75 3.13 2.44 1.82
Quick Ratio 2.82 3.68 3.08 2.4 1.76

Debt Equity Ratio -- -- -- -- 0.06

Long Term Debt Equity

Ratio -- -- -- -- 0.05
Debt Coverage Ratios
Interest Cover 148.71 126.88 127.95 91.6 59.22
Total Debt to Owners
Fund 0 0 0 0 0.06

Financial Charges
Coverage Ratio 157.25 132.97 132.9 97.61 65

Financial Charges
Coverage Ratio Post
Tax 132.21 110.4 110.6 80.31 55.23

Management Efficiency Ratios

Inventory Turnover
Ratio 214.81 104.49 205.06 1,061.61 152.95

Debtors Turnover Ratio 4.54 3.51 5.04 5.56 5.32

Investments Turnover
Ratio 214.81 104.49 205.06 1,061.61 152.95

Fixed Assets Turnover

Ratio 3.34 2.49 3.26 3.71 3.38
Total Assets Turnover
Ratio 0.93 0.64 0.88 1.05 1.16
Asset Turnover Ratio 0.83 0.67 0.97 1.24 1.38

Average Raw Material

Holding -- -- -- -- --
Average Finished
Goods Held -- -- -- -- --
Number of Days In
Working Capital 195.57 317.22 207.94 154.14 80.74

Profit & Loss Account Ratios

Material Cost
Composition 0.63 1.21 2.12 2.09 2.01
Imported Composition
of Raw Materials
Consumed -- -- -- -- --
Selling Distribution
Cost Composition 0.04 0.01 -- -- --
Expenses as
Composition of Total
Sales -- 86.53 85.6 86.31 90.91

Cash Flow Indicator Ratios

Dividend Payout Ratio
Net Profit 59.2 47.56 37.59 11.7 22.54
Dividend Payout Ratio
Cash Profit 55.34 44.91 35.89 10.81 20.14
Earning Retention
Ratio 40.8 52.44 62.41 88.3 76.87
Cash Earning
Retention Ratio 44.66 55.09 64.11 89.19 79.39
AdjustedCash Flow
Times 0 0.01 0 0.01 0.15

Source : Dion Global Solutions Limited

 HCL Technologies
Balance Sheet ------------------------- in Rs. Cr. -------------------------
Mar 17 Mar-16 Jun-15 Jun-14 Jun-13
12 mths 9 mths 12 mths 12 mths 12 mths
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 285.36 282.08 281.2 140 139.37
Total Share Capital 285.36 282.08 281.2 140 139.37
Reserves and Surplus 25,687.93 21,226.78 19,124.53 15,605.61 10,093.36
Total Reserves and Surplus 25,687.93 21,226.78 19,124.53 15,605.61 10,093.36
Total Shareholders Funds 25,973.29 21,508.86 19,405.73 15,745.61 10,232.73
Equity Share Application Money 0 0.05 0.02 7.65 5.01
NON-CURRENT LIABILITIES
Long Term Borrowings 31.24 28.16 27.22 27.45 532.66
Other Long Term Liabilities 41.53 148.68 282.94 515.43 436.92
Long Term Provisions 411.27 277.01 198.77 175.28 165.98
Total Non-Current Liabilities 484.04 453.85 508.93 718.16 1,135.56
CURRENT LIABILITIES
Short Term Borrowings 0 0.03 0 29.25 82.48
Trade Payables 484.59 453.92 468.58 392.47 333.29
Other Current Liabilities 5,319.10 3,284.36 3,643.67 4,006.16 2,978.45
Short Term Provisions 110.89 899.31 888.13 915.2 1,191.81
Total Current Liabilities 5,914.58 4,637.62 5,000.38 5,343.08 4,586.03
Total Capital And Liabilities 32,371.91 26,600.38 24,915.06 21,814.50 15,959.33
ASSETS
NON-CURRENT ASSETS
Tangible Assets 3,126.45 3,020.41 3,024.98 2,404.30 1,896.95
Intangible Assets 4,863.36 53.34 39.25 44.27 57.23
Capital Work-In-Progress 410.53 582.12 543.95 518.5 488.19
Fixed Assets 8,400.34 3,655.87 3,608.18 2,967.07 2,442.37
Non-Current Investments 3,810.10 3,502.58 3,500.23 3,559.72 3,609.72
Deferred Tax Assets [Net] 1,211.07 230.81 217.88 311.79 376.69
Long Term Loans And Advances 186.92 1,290.04 1,106.39 836.78 764.09
Other Non-Current Assets 646.59 297.51 308.1 132.62 132.7
Total Non-Current Assets 14,255.02 8,976.81 8,740.78 7,807.98 7,325.57
CURRENT ASSETS
Current Investments 914.14 470.86 624.73 556.29 445.98
Inventories 89.93 128.56 83.65 15.54 81.84
Trade Receivables 4,418.39 4,084.53 3,578.28 3,224.19 2,709.21
Cash And Cash Equivalents 7,962.35 8,662.96 8,829.41 7,911.08 2,808.83
Short Term Loans And Advances 4,060.82 2,572.89 1,657.70 984.32 1,511.51
OtherCurrentAssets 671.26 1,703.77 1,400.51 1,315.10 1,076.39
Total Current Assets 18,116.89 17,623.57 16,174.28 14,006.52 8,633.76
Total Assets 32,371.91 26,600.38 24,915.06 21,814.50 15,959.33
 HCL Technologies
Balance Sheet ------------------------- in Rs. Cr. -------------------------
Mar 17 Mar-16 Jun-15 Jun-14
12 mths 9 mths 12 mths 12 mths
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 0.88% 1.06% 1.13% 0.64%
Total Share Capital 0.88% 1.06% 1.13% 0.64%
Reserves and Surplus 79.35% 79.80% 76.76% 71.54%
Total Reserves and Surplus 79.35% 79.80% 76.76% 71.54%
Total Shareholders Funds 80.23% 80.86% 77.89% 72.18%
Equity Share Application Money 0.00% 0.00% 0.00% 0.04%
NON-CURRENT LIABILITIES 0.00% 0.00% 0.00% 0.00%
Long Term Borrowings 0.10% 0.11% 0.11% 0.13%
Other Long Term Liabilities 0.13% 0.56% 1.14% 2.36%
Long Term Provisions 1.27% 1.04% 0.80% 0.80%
Total Non-Current Liabilities 1.50% 1.71% 2.04% 3.29%
CURRENT LIABILITIES 0.00% 0.00% 0.00% 0.00%
Short Term Borrowings 0.00% 0.00% 0.00% 0.13%
Trade Payables 1.50% 1.71% 1.88% 1.80%
Other Current Liabilities 16.43% 12.35% 14.62% 18.36%
Short Term Provisions 0.34% 3.38% 3.56% 4.20%
Total Current Liabilities 18.27% 17.43% 20.07% 24.49%
Total Capital And Liabilities 100.00% 100.00% 100.00% 100.00%
ASSETS
NON-CURRENT ASSETS
Tangible Assets 9.66% 11.35% 12.14% 11.02%
Intangible Assets 15.02% 0.20% 0.16% 0.20%
Capital Work-In-Progress 1.27% 2.19% 2.18% 2.38%
Fixed Assets 25.95% 13.74% 14.48% 13.60%
Non-Current Investments 11.77% 13.17% 14.05% 16.32%
Deferred Tax Assets [Net] 3.74% 0.87% 0.87% 1.43%
Long Term Loans And Advances 0.58% 4.85% 4.44% 3.84%
Other Non-Current Assets 2.00% 1.12% 1.24% 0.61%
Total Non-Current Assets 44.04% 33.75% 35.08% 35.79%
CURRENT ASSETS 0.00% 0.00% 0.00% 0.00%
Current Investments 2.82% 1.77% 2.51% 2.55%
Inventories 0.28% 0.48% 0.34% 0.07%
Trade Receivables 13.65% 15.36% 14.36% 14.78%
Cash And Cash Equivalents 24.60% 32.57% 35.44% 36.27%
Short Term Loans And Advances 12.54% 9.67% 6.65% 4.51%
OtherCurrentAssets 2.07% 6.41% 5.62% 6.03%
Total Current Assets 55.96% 66.25% 64.92% 64.21%
Total Assets 100.00% 100.00% 100.00% 100.00%
Cr. -------------------------
Jun-13
12 mths

0.87%
0.87%
63.24%
63.24%
64.12%
0.03%
0.00%
3.34%
2.74%
1.04%
7.12%
0.00%
0.52%
2.09%
18.66%
7.47%
28.74%
100.00%

11.89%
0.36%
3.06%
15.30%
22.62%
2.36%
4.79%
0.83%
45.90%
0.00%
2.79%
0.51%
16.98%
17.60%
9.47%
6.74%
54.10%
100.00%
 Dupont Analysis

Dupont analysis is used to find of the Return on Equity

ROE = PAT/Equity

Net profit Margin = PAT / Sales

Leverage Ratio = Assets / Equity
Asset Turnover Ratio = Sales / Asset

Mar 17 Mar-16 Jun-15

Net Profit Margin(%) 35.57 35.23 36.99

Total Assets 32371.91 26600.38 24915.06
Total Revenue/Sales 20273.64 14402.11 18352.94
Assest Turnover Ratio 0.63 0.54 0.74
Total Assets 32371.91 26600.38 24915.06
Total Shareholders Fund 25973.29 21508.86 19405.73
Leverage Ratio 1.25 1.24 1.28
ROE 27.76 23.59 34.98
Jun-14 Jun-13

36.27 29.59
21814.50 15959.33
17156.49 12896.66
0.79 0.81
21814.50 15959.33
15745.61 10232.73
1.39 1.56
39.52 37.29
1 Liquidity Ratio

Current Ratio = Current Assets/ Current Liabilities

CR = 74555.02 /25481.69
CR = 2.92

Quick Ratio = Cash + Market Securities + Receivables /Current Liabilities

QR = 36174.63 /25481.69
QR = 1.41

2 Solvency Ratios

Debt Ratio = Total Debt /Total Assets

DR = 28782.23 / 121661.18
DR = 0.23

Debt-to-Equity Ratio = Total Liabilities / Shareholder's Fund

DRR = 121661.18/92866.22
DRR = 1.31

3 Profitability Ratios

Net Profit Margin = Net Income / Net Sales

NPM = 4161.55/ 78920.79

NPM= 0.052

EPS = Net Income – Preferred dividends/ Weighted Average Number of common shares outstanding

EPS = 265.78

4 Activity Ratios
Fixed Assets Turnover Ratio = Net Revenue / Average Fixed Assets

FATR = 78920.79/ 15.652.47

FATR = 504.20

Working Capital Turnover Ratio = Revenue / Average Working Capital

WCTR = 83081.84/ 49073.33

WCTR = 34008.51
shares outstanding