HCL Technologies (NSE:HCLTECH) Dividend Payout Ratio: 0.73 (As of Mar. 2026) — 40% Above Median

What is HCL Technologies Dividend Payout Ratio?

HCL Technologies NSE:HCLTECH +3.00% 83 Dividend Payout Ratio is 0.73 as of Mar. 2026, which is 40% above its 10-year median of 0.52. GuruFocus rates NSE:HCLTECH with a GF Score™ of 83/100 and a GF Value™ of ₹1,783.28 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 868 Software companies, HCL Technologies ranks worse than 81.68% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. HCL Technologies's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.73.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of HCL Technologies Ltd is 0.84, which seems too high.

The historical rank and industry rank for HCL Technologies's Dividend Payout Ratio or its related term are showing as below:

NSE:HCLTECH' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.52 Max: 0.91
Current: 0.84

During the past 13 years, the highest Dividend Payout Ratio of HCL Technologies was 0.91. The lowest was 0.11. And the median was 0.52.

NSE:HCLTECH's Dividend Payout Ratio is ranked worse than
81.68% of 868 companies
in the Software industry
Industry Median: 0.405 vs NSE:HCLTECH: 0.84

As of today (2026-07-08), the Dividend Yield % of HCL Technologies is 5.14%.

During the past 13 years, the highest Trailing Annual Dividend Yield of HCL Technologies was 5.29%. The lowest was 0.64%. And the median was 2.26%.

HCL Technologies's Dividends per Share for the months ended in Mar. 2026 was ₹12.00.

During the past 3 years, the average Dividends Per Share Growth Rate was 4.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 30.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 32.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of HCL Technologies was 112.50% per year. The lowest was -25.30% per year. And the median was 19.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

HCL Technologies (NSE:HCLTECH) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

HCL Technologies Dividend Payout Ratio Related Terms

HCL Technologies Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for HCL Technologies's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HCL Technologies Dividend Payout Ratio Chart

HCL Technologies Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.64

0.90

0.91

0.84

HCL Technologies Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.76	1.27	0.77	0.68	0.73

NSE:HCLTECH vs IBM, ACN, FISV: Dividend Payout Ratio Comparison

For the Information Technology Services subindustry, HCL Technologies's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HCL Technologies Dividend Payout Ratio vs Software Industry

For the Software industry and Technology sector, HCL Technologies's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where HCL Technologies's Dividend Payout Ratio falls into.

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83GF Score

HCL Technologies Ltd NSE:HCLTECH

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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HCL Technologies Dividend Payout Ratio Calculation

HCL Technologies's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2026 )	/	EPS without NRI (A: Mar. 2026 )
	=	54	/	64.016
	=	0.84

HCL Technologies's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	12	/	16.56
	=	0.72

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.73 mean?

HCL Technologies (NSE:HCLTECH) has a Dividend Payout Ratio of 0.73 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on HCL Technologies and its competitors. This is 40% above median its historical median of 0.52. Over the past decade, HCL Technologies' Dividend Payout Ratio has ranged from 0.11 to 0.91. According to the industry distribution chart, HCL Technologies ranks #709 out of 868 companies in the Software industry, placing it in the top 81.7%.

Is HCL Technologies' Dividend Payout Ratio too high?

HCL Technologies' current Dividend Payout Ratio of 0.73 is 40% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.91. The Software industry median Dividend Payout Ratio is 0.41. HCL Technologies' value of 0.73 is 80.2% above this industry median. Based on the distribution chart, HCL Technologies ranks #709 out of 868 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, HCL Technologies has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does HCL Technologies' Dividend Payout Ratio compare to IBM and ACN?

According to the Software industry distribution chart, HCL Technologies ranks #709 out of 868 companies for Dividend Payout Ratio. This places HCL Technologies in the lower half of its industry. The industry median Dividend Payout Ratio is 0.41. HCL Technologies' value of 0.73 is 80.2% above this benchmark. Historically, HCL Technologies' own Dividend Payout Ratio has ranged from 0.11 to 0.91 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 0.41, HCL Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Software company?

The median Dividend Payout Ratio among Software companies is 0.41, based on 868 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HCL Technologies's current Dividend Payout Ratio of 0.73 is 80.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on HCL Technologies and its competitors. For the Software industry, the median Dividend Payout Ratio is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HCL Technologies's current Dividend Payout Ratio is 0.73, which is 40% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is HCL Technologies stock overvalued right now?

Based on GuruFocus' analysis, HCL Technologies (NSE:HCLTECH) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,783.28, compared to a current price of ₹1,168.20 — trading 34.5% below its estimated fair value. The current Dividend Payout Ratio is 0.73, which is 40% above median its 10-year median of 0.52 and 80.2% above the Software industry median of 0.41. HCL Technologies' overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For HCL Technologies (NSE:HCLTECH), the current Dividend Payout Ratio is 0.73 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HCL Technologies (NSE:HCLTECH) Overvalued in 2026?

Based on GuruFocus' analysis, HCL Technologies stock appears to be undervalued. The current stock price of ₹1,168.20 is trading 34.5% below its estimated GF Value™ of ₹1,783.28. GuruFocus considers HCL Technologies to be Significantly Undervalued.

Key valuation signals for NSE:HCLTECH:

Dividend Payout Ratio: 0.73 (40% above median its 10-year median of 0.52)
GF Value™: ₹1,783.28 vs. price of ₹1,168.20 (34.5% below fair value)
GF Score™: 83/100 with 4 warning signs
Industry Position: 80.2% above the Software median (#709 of 868)

No single metric tells the full story. See the NSE:HCLTECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HCL Technologies Business Description

Industry Technology Software

Comparable Companies BOM:507685 NSE:INFY BOM:532755 BOM:540005 NSE:PERSISTENT BOM:532541 BOM:526299 NSE:LTTS BOM:544028 BOM:544362 IBM NSE:TCS ACN TSE:6702 TSE:6701 FISV XMAD:AMS FIS CTSH XPAR:CAP

Other Exchanges 532281:India

Address Sector 126, Special Economic Zone, Plot No. 3A, Technology Hub, Noida, UP, IND, 201304

Website https://www.hcltech.com

HCL Technologies Ltd provides enterprises with IT solutions. It focuses on offering Digital, Internet of Things, Cloud, Automation, Cybersecurity, Infrastructure Management, and Engineering services to solve business problems for clients. It offers solutions to a variety of industries, including Financial Services, Public Services, Consumer Services, Healthcare, and Manufacturing. It operates in three segments: IT and Business Services, Engineering and R&D Services, and HCL Software. The firm emphasizes consultation services for firms, intending to offer them digital and design solutions. The majority of the firm's revenue comes from the IT and Business Services segment. Geographically, it derives maximum revenue from the USA, and the rest from Europe, India, and the Rest of the world.

83GF Score

Get the complete analysis for NSE:HCLTECH

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,168.20

Price

₹1,783.28

GF Value

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