Hcl Infosystems Limited (HCL-INSYS)

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Hcl Infosystems Limited (HCL-INSYS) · mywealthgrid

About

HCL Infosystems manufactures computers and hardware equipment, competing in a commoditized IT hardware segment. The company has a ₹370 Cr market cap but only ₹4–5 Cr quarterly revenue with consistent ₹6–17 Cr losses each quarter, indicating either a strategic business wind-down or fundamental operational distress.

Face value: ₹2

Market cap

₹331 Cr

P/E

—

P/B

—

Dividend yield

ROE

—

ROCE

—

Debt / equity

—

OPM

-274%

EPS (TTM)

₹-0.8

Book value

₹-9.0

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Massive operating losses: -274% OPM with ₹6–17 Cr quarterly losses on ₹4–5 Cr revenue; verify if cost structure can be realigned or if business is unsustainable at current scale

Zero institutional confidence: FII 0%, DII 0.05% participation reflects complete absence of analyst backing or institutional belief in turnaround

Stock down 23.85% in one year; verify if decline reflects temporary correction or erosion of addressable market

Dividend suspended since 2012 (₹370 Cr market cap yet no payouts in 14 years); verify if cash reserves exist or capital is depleted

Generated analysis · source review pending

Growth drivers

Revenue stabilization from current ₹4–5 Cr quarterly run-rate (Jun 2026: ₹4.18 Cr); verify if retained client relationships can be grown or if revenue represents terminal state

Cost base realignment: -274% OPM means ₹6–17 Cr quarterly losses on minimal revenue — verify if fixed overhead has been cut and if remaining operations can reach breakeven

Promoter redeployment: 62.89% stake allows capital injection or strategic pivot without external consensus; verify if management has disclosed turnaround or acquisition plans

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹10.0-0.7%1Y

Quick read

rule-based

Pros

+High promoter holding of 62.9% with no pledge

Cons

−Revenue shrank over the last 5 years (-42.8% a year)
−Weak interest coverage of -5.7×

Research score

Structured signal from quality, growth, valuation and momentum.

33/100

Business quality: 0
Growth: 0
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,612	1,815	353	69	31	32	25	22
COGS	2,911	1,627	206	11	5	13	0	0
Gross profit	701	189	146	59	26	19	—	—
	835	406	398	161	100	76	76	81
	-133	-218	-251	-102	-73	-57	-52	-59
OPM %	-3.7%	-12%	-71.3%	-147.1%	-233.9%	-176.2%	-210.4%	-274%
Depreciation	27	9	4	1	1	1	0	0
Interest	139	90	52	14	2	0	0	5
	-508	243	113	143	37	42	31	31
Profit before tax	-808	-74	-195	26	-39	-16	-21	-33
Tax	6	62	2	1	0	0	0	0
Tax %	0.7%	83.8%	1%	4.7%	0.1%	0.4%	0%	0%
	-814	-136	-197	25	-39	-16	-21	-33
PAT margin %	-22.5%	-7.5%	-55.8%	35.3%	-123.5%	-49.4%	-85.8%	-152.3%
EPS (₹)	-31.8	-4.1	-6	0.7	-1.2	-0.5	-0.6	-1
EPS adjusted (₹)	—	—	-6	0.7	-1.2	-0.5	-0.6	-1
Annual report	Annual report for Mar 2018	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	66	66	66	66	66	66
Reserves	-306	-281	-319	-335	-357	-362
	537	414	355	355	355	333
	352	292	404	370	369	404
Total equity & liabilities	649	491	506	456	433	440
	36	4	3	3	2	2
CWIP	0	0	0	0	0	0
Investments	0	97	44	26	36	29
	614	390	459	427	395	409
Total assets	649	491	506	456	433	440

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2024 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
Hardware Products and Solutions	27.66	-28.32	—	333.25
Distribution	4.51	0.96	—	31.67
Learning	0	0.22

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	19.4%	10.4%	41.5%	84.9%	84.2%	59.4%	—	—
EBITDA margin %	-3.7%	-12%	-71.3%	-147.1%	-233.9%	-176.2%	-210.4%	-274%
EBIT margin %	-4.4%	-12.5%	-72.5%	-149.2%	-235.7%	-177.9%	-212.3%	-275.6%
PAT margin %	-22.5%	-7.5%	-55.8%	35.3%	-123.5%	-49.4%	-85.8%	-152.3%
Working capital
Receivable days	—	—	90	145	295	210	246	273
Inventory days	—	—	5	18	29	10	1	1
Payable days	—	—	235	2,589	4,089	1,647	273	221
NWC days	—	—	-141	-2,426	-3,766	-1,427	-26	53
Leverage
Current ratio	—	—	0.38	0.4	0.38	0.28	0.33	0.34
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	-2.24	-1.92	-1.4	-1.32	-1.22	-1.12
Interest coverage	-0.2	-1.7	-2.7	-4.5	-26.2	-74.1	-157.5	-5.7
Asset turnover	—	—	0.54	0.14	0.06	0.07	0.06	0.05
Return ratios
Return on assets %	—	—	-30.3%	5%	-7.7%	-3.5%	-4.9%	-7.5%
Return on capital employed %	—	—	79.7%	31.1%	20.1%	10.3%	9.3%	9.1%
Return on equity %	—	—	81.9%	-11.4%	15.3%	5.9%	7.3%	11.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%
	0.01%	0.01%	0%	0%	0%	0.01%	0%	0.01%	0.04%	0.04%	0%	0%
	0.08%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	37.02%	37.05%	37.06%	37.06%	37.06%	37.05%	37.06%	37.05%	37.02%	37.02%	37.06%	37.06%
No. of shareholders	—	—	—	—	—	—	—	—	1,90,591	1,89,319	1,89,328	1,88,393

Promoter holding up 0 percentage points since Sep 2023.

4 deals · 8 Dec 2021 – 13 Jan 2022

Date	Client	Type	Venue	Side	Quantity	Price	Value
13 Jan 2022	TOPGAIN FINANCE PRIVATE LIMITED	Bulk	NSE	Sell	16,63,535	₹29.84	₹4.96 Cr
13 Jan 2022	TOPGAIN FINANCE PRIVATE LIMITED	Bulk	NSE	Buy	12,63,535	₹29.62	₹3.74 Cr
8 Dec 2021	ALPHA LEON ENTERPRISES LLP	Bulk	NSE	Sell	19,82,366	₹18.27	₹3.62 Cr
8 Dec 2021	ALPHA LEON ENTERPRISES LLP	Bulk	NSE	Buy	19,53,297	₹17.26	₹3.37 Cr

1–4 of 4

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. NIKHIL SINHANon-Executive - Independent Director-Chairperson
Mr. NEELESH AGARWALNon-Executive - Non Independent Director
Mr. PAWAN KUMAR DANWARNon-Executive - Non Independent Director
Mr. KIRTI KUMAR DAWARNon-Executive - Independent Director
Mr. RAGHU VENKAT CHIVUKULANon-Executive - Independent Director
Ms. RITA GUPTANon-Executive - Non Independent Director
Mr. Alok SahuChief Financial Officer
Ms. Twinkle MongaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Hcl Infosystems Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

16 Sept 2026, 7:06 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	19.4%	10.4%	41.5%	84.9%	84.2%	59.4%	—	—
EBITDA margin %	-3.7%	-12%	-71.3%	-147.1%	-233.9%	-176.2%	-210.4%	-274%
EBIT margin %	-4.4%	-12.5%	-72.5%	-149.2%	-235.7%	-177.9%	-212.3%	-275.6%
PAT margin %	-22.5%	-7.5%	-55.8%	35.3%	-123.5%	-49.4%	-85.8%	-152.3%
Working capital
Receivable days	—	—	90	145	295	210	246	273
Inventory days	—	—	5	18	29	10	1	1
Payable days	—	—	235	2,589	4,089	1,647	273	221
NWC days	—	—	-141	-2,426	-3,766	-1,427	-26	53
Leverage
Current ratio	—	—	0.38	0.4	0.38	0.28	0.33	0.34
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	-2.24	-1.92	-1.4	-1.32	-1.22	-1.12
Interest coverage	-0.2	-1.7	-2.7	-4.5	-26.2	-74.1	-157.5	-5.7
Asset turnover	—	—	0.54	0.14	0.06	0.07	0.06	0.05
Return ratios
Return on assets %	—	—	-30.3%	5%	-7.7%	-3.5%	-4.9%	-7.5%
Return on capital employed %	—	—	79.7%	31.1%	20.1%	10.3%	9.3%	9.1%
Return on equity %	—	—	81.9%	-11.4%	15.3%	5.9%	7.3%	11.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Gng Electronics LimitedEBGNGEBGNG	₹8,034 Cr	₹8,439 Cr	₹1,991 Cr	₹213 Cr	10.4%	₹142 Cr	7%	24.1%	17.4%	213
Rashi Peripherals LimitedRPTECHRPTECH	₹6,281 Cr	₹7,240 Cr	₹17,777 Cr	₹511 Cr	2.9%	₹319 Cr	1.8%	25%	14.7%	60
Moschip Technologies LimitedMOSCHIPMOSCHIP	₹3,852 Cr	₹3,888 Cr	₹566 Cr	₹53 Cr	10.2%	₹27 Cr	6%	10.9%	9.6%	-4,209
Nelco LimitedNELCONELCO	₹2,027 Cr	₹2,086 Cr	₹312 Cr	₹29 Cr	9.3%	₹4 Cr	1.1%	9.4%	2.6%	72
D-Link (India) LimitedDLINKINDIADLINKINDIA	₹1,443 Cr	₹1,443 Cr	₹1,673 Cr	₹137 Cr	8.4%	₹107 Cr	6.7%	28.5%	21.2%	57
Ivalue Infosolutions LimitedIVALUEIVALUE	₹1,197 Cr	₹1,244 Cr	₹1,007 Cr	₹142 Cr	12.7%	₹104 Cr	9.3%	24.7%	17.3%	-1
Bharat Global Developers LtdBGDLBGDL	₹1,101 Cr	₹1,105 Cr	₹0 Cr	₹0 Cr	0%	₹0 Cr	0%	0%	0%	—
Control Print LimitedCONTROLPRCONTROLPR	₹989 Cr	₹990 Cr	₹486 Cr	₹85 Cr	18.4%	₹33 Cr	9.1%	16.1%	12.1%	283
Tvs Electronics LimitedTVSELECTTVSELECT	₹743 Cr	₹785 Cr	₹465 Cr	₹16 Cr	4.3%	₹-2 Cr	0.3%	7.3%	1.3%	59
BCC Fuba India LtdBCCFUBABCCFUBA	₹632 Cr	₹648 Cr	₹47 Cr	₹7 Cr	14.8%	₹4 Cr	8.1%	24.9%	17%	83
Dc Infotech And Communication LimitedDCIDCI	₹562 Cr	₹650 Cr	₹737 Cr	₹35 Cr	4.8%	₹21 Cr	2.9%	33.5%	19.7%	78
Hcl Infosystems LimitedHCL-INSYSHCL-INSYS	₹331 Cr	₹664 Cr	₹19 Cr	₹-63 Cr	-274%	₹-26 Cr	-152.3%	—	—	53

Date	Category	Subject	Filing
16 Sept 2026, 7:06 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
16 Sept 2026, 6:58 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
25 Aug 2026, 1:05 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
24 Aug 2026, 11:41 pm	Company Update General	Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations')	PDF
24 Aug 2026, 9:50 pm	AGM/EGM AGM	Notice Of 40Th Annual General Meeting For The Financial Year 2025-26	PDF
24 Aug 2026, 9:21 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
22 Aug 2026, 11:47 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
12 Aug 2026, 9:16 pm	Company Update General	Intimation Under Regulation 30 Read With Para B Of Part A Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-15	101	74	-36	-28	-0
	20	21	-15	31	23	0
	-22	-139	-62	-0	-0	-0
Net cash flow	-16	-17	-4	-6	-5	0
Free cash flow	-15	101	73	-36	-29	-1
CFO / Operating profit %	—	—	—	—	—	—

Hcl Infosystems Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

17

1

Segment results

Compounded sales growth

Distribution · revenue

Hcl Infosystems Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Dividends17

Board meetings1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Distribution · revenue

17

1