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HFCL Limited HFCL NIFTY_SMALLNSETECH

Technology · Communication Equipment · India
https://www.hfcl.com
Company Profile ↓
₹264.78
+268.33% 1Y
Mkt Cap₹40,518.32 Cr
P/E68.95
P/B7.85
Div. Yield0.08%
52W High₹271.90
52W Low₹60.89
Book Value₹33.15
EPS (TTM)₹3.84

Company Overview

HFCL Limited manufactures and sells telecom products in India and internationally. The company offers optical fiber cables, such as underground, aerial, microduct, FTTH, and micromodule cables; access solutions, including Wi-Fi access points, network switches, unlicensed band radios, IO canvas unified network management platform, and accessories; IP/MPLS routers; 5G product portfolio comprising access routers/cell site routers and pre-aggregation and aggregation routers; fiber optic cable and copper cable assemblies, high-density cabinets, fiber splice joint closures, ethernet cabling products, and active optical components; and defence solutions, including electro optics, electronic fuzes, ground surveillance radar, high-capacity radio relay, and software defined radios. It also provides network solutions for public telecommunications, defence and railway communications, and system integration services. The company was formerly known as Himachal Futuristic Communications Limited and changed its name to HFCL Limited in October 2019. HFCL Limited was incorporated in 1987 and is based in New Delhi, India.

Why Investors Should Care

Healthy Margins

Operating margin of 18.9% supports profitability.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.38.

Recent Developments

  • Mar 2026 Revenue of ₹4,949.27 Cr (+21.8% YoY); net profit ₹311.74 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +119.9%, earnings +75.7%.
  • 5-Year Trend Long-term compounding — revenue CAGR 1.5%, profit CAGR 1.2%.

Growth & Price Performance

Compounded Sales Growth

5 Years:1.49%
1 Year:119.90%

Compounded Profit Growth

5 Years:1.18%
1 Year:75.72%

Stock Price Performance

1 Year:+268.33%
6 Months:+148.41%
3 Months:+28.03%
1 Month:+23.67%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bullish
52-Week Range 97% of range
₹60.89 ₹271.90
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMAAbove
  • RSI (14)59.86 · Neutral
Price Performance
1M+23.67%
3M+28.03%
6M+148.41%
1Y+268.33%
Valuation vs Sector

P/E of 68.95 is above the sector median of 24.84 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 69.0.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
68.95
Industry PE
24.84
Forward P/E
50.92
PEG Ratio
-
Book Value
₹33.15
Price to Book
7.85
P/S
6.65
EV/EBITDA
35.69
Dividend Yield
0.08%

Growth (CAGR)

Revenue 5Y
1.49%
Profit 5Y
1.18%
Revenue (YoY)
119.90%
Earnings (YoY)
75.72%

Profitability & Returns

ROCE
12.18%
ROE
6.37%
ROA
3.52%
Profit Margin
9.55%
Op Margin
18.95%
Gross Margin
37.62%
EPS (Latest Qtr)
₹1.49
EPS (TTM)
₹3.84

Balance Sheet & Liquidity

Debt/Equity
0.38
Quick Ratio
1.57
Current Ratio
1.99
Debt
₹1,896.33 Cr
Total Assets
₹8,867.58 Cr
Current Assets
₹6,703.19 Cr
Working Capital
₹3,336.40 Cr

Ownership

Promoter Holding
34.23%
Chg in Prom Hold
1.06%
FII / Inst Holding
19.30%
Chg in FII Hold
0.60%

Financial Snapshot

Enterprise Value
₹40,518.32 Cr
Total Revenue (TTM)
₹5,993.23 Cr
EBITDA
₹1,150.85 Cr
Free Cash Flow
₹-723.44 Cr
Operating Cash Flow
₹-378.13 Cr
Shares Outstanding
₹153.03 Cr
Gross Margin
37.62%
Payout Ratio
2.60%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 HFCL HFCL Limited NIFTY_SMALLNSETECH 264.78 68.95 ₹40,518.32 Cr 0.08% 12.18% 6.37% 1.49% 1.18%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,529.00 17.73 ₹9.15 L Cr 3.12% 54.93% 47.74% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,168.00 15.50 ₹4.73 L Cr 5.02% 41.66% 32.00% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,424.20 22.16 ₹3.85 L Cr 5.10% 27.21% 24.07% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 189.17 15.03 ₹1.87 L Cr 5.01% 17.85% 16.13% 0.78% 5.16%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,834.70 31.72 ₹1.63 L Cr 3.42% 19.82% 16.24% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,298.00 24.38 ₹1.27 L Cr 1.92% 25.39% 21.97% 8.43% 4.41%
8 LGEINDIA LG Electronics India Limited NIFTY_MIDNSETECH 1,662.60 61.83 ₹1.13 L Cr 0.00% 27.64% 21.98% 1.25% -
9 PAYTM One97 Communications Limited NIFTY_MIDNSEAITECH 1,670.00 167.33 ₹1.07 L Cr 0.00% 3.68% 3.45% 2.20% 43.71%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue 1,433.00 Cr995.00 Cr1,111.00 Cr1,032.00 Cr1,326.00 Cr1,158.00 Cr1,094.00 Cr1,011.95 Cr800.72 Cr871.02 Cr1,043.00 Cr1,210.79 Cr1,824.12 Cr1,914.98 Cr
Cost of Revenue -------699.44 Cr649.64 Cr635.09 Cr-753.70 Cr1,168.85 Cr1,171.55 Cr
Gross Profit -------312.51 Cr151.08 Cr235.93 Cr-457.09 Cr655.27 Cr743.43 Cr
Operating Expenses 1,279.00 Cr849.00 Cr979.00 Cr916.00 Cr1,130.00 Cr984.00 Cr935.00 Cr186.18 Cr217.69 Cr239.73 Cr853.00 Cr272.76 Cr386.08 Cr380.56 Cr
Operating Income 133.00 Cr125.00 Cr112.00 Cr98.00 Cr176.00 Cr151.00 Cr133.00 Cr126.33 Cr-66.61 Cr-3.80 Cr154.00 Cr184.33 Cr269.19 Cr362.87 Cr
EBITDA 154.00 Cr146.00 Cr133.00 Cr117.00 Cr196.00 Cr175.00 Cr158.00 Cr172.54 Cr-23.44 Cr43.12 Cr190.00 Cr244.64 Cr336.16 Cr445.25 Cr
Interest Expense 38.00 Cr36.00 Cr35.00 Cr37.00 Cr40.00 Cr42.00 Cr45.00 Cr46.76 Cr51.05 Cr55.62 Cr61.00 Cr62.76 Cr62.78 Cr62.48 Cr
Pretax Income 109.00 Cr103.00 Cr94.00 Cr108.00 Cr149.00 Cr119.00 Cr102.00 Cr100.26 Cr-104.93 Cr-44.70 Cr106.00 Cr138.11 Cr227.90 Cr331.52 Cr
Tax Provision 30.52 Cr26.78 Cr23.50 Cr25.92 Cr40.23 Cr8.33 Cr28.56 Cr27.68 Cr-21.63 Cr-15.40 Cr33.92 Cr35.74 Cr43.47 Cr85.88 Cr
Net Income 79.00 Cr76.00 Cr70.00 Cr82.00 Cr109.00 Cr111.00 Cr73.00 Cr73.65 Cr-81.43 Cr-32.24 Cr72.00 Cr97.62 Cr178.50 Cr228.60 Cr
Diluted EPS 0.520.490.490.580.760.770.510.51-0.56-0.220.470.671.211.49

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 2,553.00 Cr2,872.00 Cr2,131.00 Cr3,227.00 Cr4,738.00 Cr3,839.00 Cr4,423.00 Cr-4,734.78 Cr4,457.62 Cr4,064.52 Cr4,949.27 Cr
Cost of Revenue --------3,478.91 Cr3,220.44 Cr2,943.84 Cr3,201.91 Cr
Gross Profit --------1,255.87 Cr1,237.18 Cr1,120.68 Cr1,747.36 Cr
Operating Expenses 2,272.00 Cr2,600.00 Cr1,944.00 Cr2,944.00 Cr4,320.00 Cr3,346.00 Cr3,873.00 Cr-713.06 Cr723.02 Cr777.20 Cr1,143.24 Cr
Operating Income 247.00 Cr247.00 Cr165.00 Cr260.00 Cr391.00 Cr451.00 Cr481.00 Cr-542.81 Cr514.16 Cr343.48 Cr604.12 Cr
EBITDA 281.00 Cr273.00 Cr187.00 Cr283.00 Cr418.00 Cr493.00 Cr550.00 Cr-596.26 Cr613.00 Cr507.11 Cr827.12 Cr
Interest Expense 44.00 Cr62.00 Cr62.00 Cr64.00 Cr92.00 Cr115.00 Cr175.00 Cr-82.66 Cr77.20 Cr185.01 Cr242.06 Cr
Pretax Income 312.00 Cr156.00 Cr124.00 Cr220.00 Cr339.00 Cr358.00 Cr337.00 Cr-430.61 Cr454.02 Cr216.59 Cr427.68 Cr
Tax Provision 00048.40 Cr108.48 Cr121.72 Cr90.99 Cr-112.90 Cr116.50 Cr43.33 Cr98.24 Cr
Net Income 324.00 Cr156.00 Cr124.00 Cr172.00 Cr232.00 Cr237.00 Cr246.00 Cr-300.97 Cr329.81 Cr177.41 Cr311.74 Cr
Diluted EPS 2.611.260.991.351.731.771.86-2.182.331.232.13

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 1,847.00 Cr2,175.00 Cr2,275.00 Cr2,588.00 Cr3,294.00 Cr3,829.00 Cr5,216.00 Cr-5,472.59 Cr6,486.83 Cr7,546.29 Cr8,867.58 Cr
Current Assets --------4,082.15 Cr4,515.08 Cr5,370.68 Cr6,703.19 Cr
Cash & Equivalents --------62.91 Cr23.33 Cr70.52 Cr37.67 Cr
Inventory --------757.85 Cr774.42 Cr898.84 Cr1,415.99 Cr
Receivables --------1,886.11 Cr2,215.48 Cr1,891.73 Cr2,212.18 Cr
Total Liabilities --------2,328.45 Cr2,487.00 Cr3,426.96 Cr3,918.99 Cr
Current Liabilities --------2,142.16 Cr2,183.95 Cr2,887.87 Cr3,366.79 Cr
Long Term Debt --------110.37 Cr169.21 Cr389.90 Cr389.88 Cr
Total Debt 398.00 Cr544.00 Cr539.00 Cr469.00 Cr590.00 Cr734.00 Cr942.00 Cr-936.25 Cr991.22 Cr1,521.96 Cr1,896.33 Cr
Total Equity 877.00 Cr840.00 Cr964.00 Cr1,179.00 Cr1,441.00 Cr1,668.00 Cr1,916.00 Cr-3,107.54 Cr3,955.54 Cr4,079.16 Cr4,890.75 Cr
Shares Outstanding --------137.78 Cr144.10 Cr144.27 Cr153.06 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 129.00 Cr0136.00 Cr207.00 Cr34.00 Cr172.00 Cr145.00 Cr-235.11 Cr-44.87 Cr395.99 Cr-378.13 Cr
Investing Cash Flow -45.00 Cr37.00 Cr-25.00 Cr-30.00 Cr-150.00 Cr-167.00 Cr-165.00 Cr--44.09 Cr-448.72 Cr-518.39 Cr-324.11 Cr
Financing Cash Flow -74.00 Cr-55.00 Cr-114.00 Cr-116.00 Cr67.00 Cr-7.00 Cr25.00 Cr--144.80 Cr454.01 Cr169.59 Cr669.39 Cr
Capital Expenditure -18.00 Cr-51.00 Cr-26.00 Cr-41.00 Cr-177.00 Cr-167.00 Cr-104.00 Cr--341.55 Cr-410.03 Cr-409.20 Cr-345.31 Cr
Free Cash Flow 111.00 Cr-51.00 Cr110.00 Cr166.00 Cr-143.00 Cr5.00 Cr41.00 Cr--106.44 Cr-454.90 Cr-13.21 Cr-723.44 Cr
Net Change in Cash 10.00 Cr-18.00 Cr-3.00 Cr61.00 Cr-49.00 Cr-1.00 Cr5.00 Cr-46.22 Cr-39.58 Cr47.19 Cr-32.85 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --------26.5%27.8%27.6%35.3%
Operating Margin % 9.7%8.6%7.7%8.1%8.3%11.7%10.9%-11.5%11.5%8.5%12.2%
Net Margin % 12.7%5.4%5.8%5.3%4.9%6.2%5.6%-6.4%7.4%4.4%6.3%
ROE % 36.9%18.6%12.9%14.6%16.1%14.2%12.8%-9.7%8.3%4.3%6.4%
ROCE % --------16.3%11.9%7.4%11.0%

Shareholding Pattern

Insiders
34.23%
Institutions
19.30%
Public Float
29.35%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for HFCL

Google News Mon, 19 Oct 2026

HFCL stock hits upper circuit as Q2 FY27 profits surge over 5x y-o-y - BusinessLine

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Google News hu, 22 Oct 2026

HFCL among 3 stocks closing below VWAP - The Economic Times

<a href="https://news.google.com/rss/articles/CBMivwFBVV95cUxPZkZZcGdRYk0zdjVhMjhJbDUzR2NXWWplYVY4VDFUWXBRR21oTDNIN2pZZk0xdll6a0FQak1Nalpmel83NWdsTTl2UGZMVmUzNThuREVEWW50QkNFSXRFZXVvTUtxWlp2RXMxQnpPZkFKc1NTVkY0UUN4SVZqSTJmRXRoV2d2bDhwMnpYSF…

Google News hu, 25 Jun 2026

HFCL Forecast — Price Target — Prediction for 2027 - TradingView

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Google News Mon, 19 Oct 2026

HFCL Q2 Results: Stock in 5% upper circuit after multi-fold jump in topline, operating profit - CNBC TV18

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Google News hu, 22 Oct 2026

HFCL incorporates HFCL Connectivity Systems for telecom services - scanx.trade

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Google News Wed, 21 Oct 2026

Price Band Hitters on October 21, 2026, at 3:30 PM IST: HFCL Leads By Value - HDFC Sky

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HFCL — Frequently Asked Questions

What is the current share price of HFCL Limited (HFCL)?

As of 2026-10-23 04:58 IST, HFCL Limited (HFCL) trades at ₹264.78 on NSE. Its 52-week range is ₹60.89 to ₹271.90.

What is the market capitalisation of HFCL?

HFCL Limited (HFCL) has a market capitalisation of ₹40,518.32 Cr on NSE.

What is the P/E ratio of HFCL?

HFCL trades at a trailing price-to-earnings (P/E) ratio of 68.95. The industry average P/E is 24.84. Its price-to-book (P/B) ratio is 7.85.

Does HFCL pay a dividend?

HFCL Limited (HFCL) currently offers a dividend yield of 0.08%.

What is the return on equity (ROE) of HFCL?

HFCL has a return on equity (ROE) of 6.37%. Its return on capital employed (ROCE) is 12.18%.

Is HFCL a good stock to buy?

This page provides a data-driven analysis of HFCL Limited (HFCL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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