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; telecommunication products, including unlicensed band backhaul radios, Wi-Fi access points, routers, managed switches, antennas, network management solutions, and 5g product portfolio; defence product comprising electronic fuzes, electro optics, high capacity radio relay, software defined radios, and ground surveillance radars; and passive networking components, such as high density cabinets, joint closures, optical splitters, aerial cable accessories, fiber optic cable assemblies, and copper cable assemblies. 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
Carries low leverage with a debt-to-equity ratio of 0.39.
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 +21.8%, 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: | 21.77% |
Compounded Profit Growth
| 5 Years: | 1.18% |
| 1 Year: | 75.72% |
Stock Price Performance
| 1 Year: | +171.45% |
| 6 Months: | +243.17% |
| 3 Months: | +143.42% |
| 1 Month: | +23.40% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)64.48 · Neutral
P/E of 104.54 is above the sector median of 27.67 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
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 104.5.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HFCL HFCL Limited NIFTY_SMALLNSETECH | 222.68 | 104.54 | ₹34,083.46 Cr | 0.05% | 12.18% | 6.37% | 1.49% | 1.18% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,173.50 | 15.98 | ₹7.86 L Cr | 3.14% | 54.93% | 45.89% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,084.40 | 1,355.50 | ₹4.40 L Cr | 4.68% | 41.66% | 33.85% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,176.30 | 18.35 | ₹3.19 L Cr | 8.25% | 27.21% | 22.14% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 175.97 | 14.01 | ₹1.85 L Cr | 9.69% | 17.85% | 14.91% | 0.78% | 5.16% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,474.20 | 27.20 | ₹1.44 L Cr | 3.51% | 19.82% | 16.24% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,076.50 | 24.10 | ₹1.21 L Cr | 1.86% | 25.39% | 20.89% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,535.10 | 61.82 | ₹1.04 L Cr | 0.00% | 27.64% | 21.98% | 0.98% | - |
| 9 | OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH | 11,729.00 | 38.82 | ₹1.02 L Cr | 5.71% | 43.24% | 33.72% | 10.42% | 13.48% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,433.00 Cr | 995.00 Cr | 1,111.00 Cr | 1,032.00 Cr | 1,326.00 Cr | 1,158.00 Cr | 1,094.00 Cr | 1,011.95 Cr | 800.72 Cr | 871.02 Cr | 1,043.00 Cr | 1,210.79 Cr | 1,824.12 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 699.44 Cr | 649.64 Cr | 635.09 Cr | - | 753.70 Cr | 1,168.85 Cr |
| Gross Profit | - | - | - | - | - | - | - | 312.51 Cr | 151.08 Cr | 235.93 Cr | - | 457.09 Cr | 655.27 Cr |
| Operating Expenses | 1,279.00 Cr | 849.00 Cr | 979.00 Cr | 916.00 Cr | 1,130.00 Cr | 984.00 Cr | 935.00 Cr | 186.18 Cr | 217.69 Cr | 239.73 Cr | 853.00 Cr | 272.76 Cr | 386.08 Cr |
| Operating Income | 133.00 Cr | 125.00 Cr | 112.00 Cr | 98.00 Cr | 176.00 Cr | 151.00 Cr | 133.00 Cr | 126.33 Cr | -66.61 Cr | -3.80 Cr | 154.00 Cr | 184.33 Cr | 269.19 Cr |
| EBITDA | 154.00 Cr | 146.00 Cr | 133.00 Cr | 117.00 Cr | 196.00 Cr | 175.00 Cr | 158.00 Cr | 172.54 Cr | -23.44 Cr | 43.12 Cr | 190.00 Cr | 244.64 Cr | 336.16 Cr |
| Interest Expense | 38.00 Cr | 36.00 Cr | 35.00 Cr | 37.00 Cr | 40.00 Cr | 42.00 Cr | 45.00 Cr | 46.76 Cr | 51.05 Cr | 55.62 Cr | 61.00 Cr | 62.76 Cr | 62.78 Cr |
| Pretax Income | 109.00 Cr | 103.00 Cr | 94.00 Cr | 108.00 Cr | 149.00 Cr | 119.00 Cr | 102.00 Cr | 100.26 Cr | -104.93 Cr | -44.70 Cr | 106.00 Cr | 138.11 Cr | 227.90 Cr |
| Tax Provision | 30.52 Cr | 26.78 Cr | 23.50 Cr | 25.92 Cr | 40.23 Cr | 8.33 Cr | 28.56 Cr | 27.68 Cr | -21.63 Cr | -15.40 Cr | 33.92 Cr | 35.74 Cr | 43.47 Cr |
| Net Income | 79.00 Cr | 76.00 Cr | 70.00 Cr | 82.00 Cr | 109.00 Cr | 111.00 Cr | 73.00 Cr | 73.65 Cr | -81.43 Cr | -32.24 Cr | 72.00 Cr | 97.62 Cr | 178.50 Cr |
| Diluted EPS | 0.52 | 0.49 | 0.49 | 0.58 | 0.76 | 0.77 | 0.51 | 0.51 | -0.56 | -0.22 | 0.47 | 0.67 | 1.21 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,553.00 Cr | 2,872.00 Cr | 2,131.00 Cr | 3,227.00 Cr | 4,738.00 Cr | 3,839.00 Cr | 4,423.00 Cr | - | 4,734.78 Cr | 4,457.62 Cr | 4,064.52 Cr | 4,949.27 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 3,478.91 Cr | 3,220.44 Cr | 2,943.84 Cr | 3,201.91 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 1,255.87 Cr | 1,237.18 Cr | 1,120.68 Cr | 1,747.36 Cr |
| Operating Expenses | 2,272.00 Cr | 2,600.00 Cr | 1,944.00 Cr | 2,944.00 Cr | 4,320.00 Cr | 3,346.00 Cr | 3,873.00 Cr | - | 713.06 Cr | 723.02 Cr | 777.20 Cr | 1,143.24 Cr |
| Operating Income | 247.00 Cr | 247.00 Cr | 165.00 Cr | 260.00 Cr | 391.00 Cr | 451.00 Cr | 481.00 Cr | - | 542.81 Cr | 514.16 Cr | 343.48 Cr | 604.12 Cr |
| EBITDA | 281.00 Cr | 273.00 Cr | 187.00 Cr | 283.00 Cr | 418.00 Cr | 493.00 Cr | 550.00 Cr | - | 596.26 Cr | 613.00 Cr | 507.11 Cr | 827.12 Cr |
| Interest Expense | 44.00 Cr | 62.00 Cr | 62.00 Cr | 64.00 Cr | 92.00 Cr | 115.00 Cr | 175.00 Cr | - | 82.66 Cr | 77.20 Cr | 185.01 Cr | 242.06 Cr |
| Pretax Income | 312.00 Cr | 156.00 Cr | 124.00 Cr | 220.00 Cr | 339.00 Cr | 358.00 Cr | 337.00 Cr | - | 430.61 Cr | 454.02 Cr | 216.59 Cr | 427.68 Cr |
| Tax Provision | 0 | 0 | 0 | 48.40 Cr | 108.48 Cr | 121.72 Cr | 90.99 Cr | - | 112.90 Cr | 116.50 Cr | 43.33 Cr | 98.24 Cr |
| Net Income | 324.00 Cr | 156.00 Cr | 124.00 Cr | 172.00 Cr | 232.00 Cr | 237.00 Cr | 246.00 Cr | - | 300.97 Cr | 329.81 Cr | 177.41 Cr | 311.74 Cr |
| Diluted EPS | 2.61 | 1.26 | 0.99 | 1.35 | 1.73 | 1.77 | 1.86 | - | 2.18 | 2.33 | 1.23 | 2.13 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1,847.00 Cr | 2,175.00 Cr | 2,275.00 Cr | 2,588.00 Cr | 3,294.00 Cr | 3,829.00 Cr | 5,216.00 Cr | - | 5,472.59 Cr | 6,486.83 Cr | 7,546.29 Cr | 8,867.58 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 4,082.15 Cr | 4,515.08 Cr | 5,370.68 Cr | 6,703.19 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 62.91 Cr | 23.33 Cr | 70.52 Cr | 37.67 Cr |
| Inventory | - | - | - | - | - | - | - | - | 757.85 Cr | 774.42 Cr | 898.84 Cr | 1,415.99 Cr |
| Receivables | - | - | - | - | - | - | - | - | 1,886.11 Cr | 2,215.48 Cr | 1,891.73 Cr | 2,212.18 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 2,328.45 Cr | 2,487.00 Cr | 3,426.96 Cr | 3,918.99 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 2,142.16 Cr | 2,183.95 Cr | 2,887.87 Cr | 3,366.79 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 110.37 Cr | 169.21 Cr | 389.90 Cr | 389.88 Cr |
| Total Debt | 398.00 Cr | 544.00 Cr | 539.00 Cr | 469.00 Cr | 590.00 Cr | 734.00 Cr | 942.00 Cr | - | 936.25 Cr | 991.22 Cr | 1,521.96 Cr | 1,896.33 Cr |
| Total Equity | 877.00 Cr | 840.00 Cr | 964.00 Cr | 1,179.00 Cr | 1,441.00 Cr | 1,668.00 Cr | 1,916.00 Cr | - | 3,107.54 Cr | 3,955.54 Cr | 4,079.16 Cr | 4,890.75 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 137.78 Cr | 144.10 Cr | 144.27 Cr | 153.06 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 129.00 Cr | 0 | 136.00 Cr | 207.00 Cr | 34.00 Cr | 172.00 Cr | 145.00 Cr | - | 235.11 Cr | -44.87 Cr | 395.99 Cr | -378.13 Cr |
| Investing Cash Flow | -45.00 Cr | 37.00 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 Cr | 67.00 Cr | -7.00 Cr | 25.00 Cr | - | -144.80 Cr | 454.01 Cr | 169.59 Cr | 669.39 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 Cr | 110.00 Cr | 166.00 Cr | -143.00 Cr | 5.00 Cr | 41.00 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 Cr | 61.00 Cr | -49.00 Cr | -1.00 Cr | 5.00 Cr | - | 46.22 Cr | -39.58 Cr | 47.19 Cr | -32.85 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for HFCL
HFCL extends decline for 2nd day, falls 5%; how should you trade the stock hovering near multi-month high? - Moneycontrol.com
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Cable Stock: Can HFCL’s OptiQ AI™ Redefine Optical Connectivity for AI Data Centres? By Trade Brains - Investing.com India
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HFCL SHARE LATEST NEWS - HFCL Today News - HFCL SHARE TARGET TOMORROW - HFCL Pridiction #hfclnews Ok (CF0vgaptz3) - Fathom Journal
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HFCL - FIIs cut stakes, but these 10 stocks rallied up to 220% in just over 3 months - The Economic Times
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HFCL — Frequently Asked Questions
What is the current share price of HFCL Limited (HFCL)?
As of 2026-07-15 09:52 IST, HFCL Limited (HFCL) trades at ₹222.68 on NSE. Its 52-week range is ₹60.95 to ₹226.04.
What is the market capitalisation of HFCL?
HFCL Limited (HFCL) has a market capitalisation of ₹34,083.46 Cr on NSE.
What is the P/E ratio of HFCL?
HFCL trades at a trailing price-to-earnings (P/E) ratio of 104.54. The industry average P/E is 27.67. Its price-to-book (P/B) ratio is 6.47.
Does HFCL pay a dividend?
HFCL Limited (HFCL) currently offers a dividend yield of 0.05%.
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.