HFCL Ltd

HFCL Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

HFCL Ltd

₹ 140 -5.71%
18 May 3:56 p.m.
hfcl.com BSE: 500183 NSE: HFCL
About

HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high end telecom equipment, Optical Fiber and Optic Fiber Cable (OFC).[1]

Key Points

Business Segments FY26:[1] [2]
1) Telecom Products (59%):
a) Telecom and Networking Products:
The company manufactures Point-to-Point and Point-to-Multipoint UBR solutions, indoor and outdoor Wi-Fi 5/6/7 access points, etc.
b) Optical Fibre Cables:
It offers a comprehensive portfolio across OFC and PCS segments, including optical fibre cables, data centre products, installation solutions for 4G/5G network infrastructure, etc. It is the #1 optical fibre cable supplier in India.

Website BSE NSE
  • Market Cap ₹ 21,367 Cr.
  • Current Price ₹ 140
  • High / Low ₹ 155 / 59.8
  • Stock P/E 84.5
  • Book Value ₹ 30.9
  • Dividend Yield 0.07 %
  • ROCE 9.26 %
  • ROE 5.82 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 4.60 times its book value
  • The company has delivered a poor sales growth of 1.97% over past five years.
  • Company has a low return on equity of 6.50% over last 3 years.
  • Dividend payout has been low at 9.60% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -10.9%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Telecommunication Telecommunication Telecom - Services Telecom - Infrastructure

Part of BSE 500 BSE Teck Nifty 500 Nifty500 Shariah BSE Telecommunication

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
1,323 880 1,002 954 1,238 1,066 1,012 961 757 789 1,003 1,224 1,511
1,223 785 888 855 1,052 900 864 816 800 790 844 1,068 1,222
Operating Profit 100 95 114 100 186 165 148 145 -43 -1 159 155 289
OPM % 8% 11% 11% 10% 15% 16% 15% 15% -6% -0% 16% 13% 19%
14 13 18 46 13 11 13 21 16 14 15 15 23
Interest 31 29 27 28 31 34 36 38 43 48 53 55 55
Depreciation 14 14 14 15 15 20 21 21 23 28 31 37 42
Profit before tax 70 66 90 103 153 123 104 107 -93 -63 90 79 216
Tax % 27% 26% 25% 25% 25% 7% 28% 27% -22% -33% 32% 29% 18%
51 49 68 78 115 114 75 78 -73 -42 61 56 178
EPS in Rs 0.37 0.35 0.47 0.55 0.80 0.79 0.52 0.54 -0.50 -0.29 0.43 0.37 1.16
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,551 2,858 2,016 3,066 4,366 3,547 4,106 4,286 4,396 4,075 3,795 4,528
2,257 2,539 1,835 2,802 4,026 3,120 3,637 3,759 3,929 3,589 3,380 3,925
Operating Profit 294 320 181 264 340 427 469 528 466 486 415 603
OPM % 12% 11% 9% 9% 8% 12% 11% 12% 11% 12% 11% 13%
-28 -86 19 17 46 21 29 44 49 100 61 67
Interest 43 58 60 61 78 90 148 133 117 115 149 210
Depreciation 34 25 16 16 18 30 54 57 57 58 85 138
Profit before tax 190 150 124 204 291 328 296 382 342 412 241 322
Tax % 0% 0% 0% 24% 37% 38% 25% 26% 25% 25% 19% 22%
190 150 124 155 184 204 223 283 255 310 195 253
EPS in Rs 1.53 1.21 1.00 1.25 1.44 1.59 1.74 2.05 1.85 2.15 1.35 1.65
Dividend Payout % 0% 0% 0% 5% 7% 0% 9% 9% 11% 9% 7% 12%
Compounded Sales Growth
10 Years: 5%
5 Years: 2%
3 Years: 1%
TTM: 19%
Compounded Profit Growth
10 Years: 1%
5 Years: 2%
3 Years: 0%
TTM: 30%
Stock Price CAGR
10 Years: 25%
5 Years: 29%
3 Years: 32%
1 Year: 67%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 7%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 124 124 124 124 127 128 128 137 138 144 144 153
Reserves 808 794 920 1,092 1,316 1,517 1,748 2,591 2,855 3,678 3,818 4,574
370 525 494 425 552 632 825 637 791 833 1,278 1,520
520 703 689 905 1,139 1,357 2,236 1,441 1,296 1,475 1,939 1,884
Total Liabilities 1,823 2,146 2,227 2,546 3,134 3,634 4,937 4,807 5,080 6,130 7,179 8,131
122 106 111 110 117 362 368 375 365 460 664 1,394
CWIP 0 1 1 10 84 31 27 86 243 437 559 56
Investments 296 51 65 66 71 80 65 85 103 231 267 244
1,405 1,988 2,050 2,360 2,862 3,161 4,477 4,261 4,369 5,002 5,689 6,438
Total Assets 1,823 2,146 2,227 2,546 3,134 3,634 4,937 4,807 5,080 6,130 7,179 8,131

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
119 -80 138 183 -16 208 82 140 184 -111 431 -481
-44 100 -38 -15 -119 -163 -116 -388 -10 -410 -505 -278
-61 -34 -103 -121 93 -39 40 242 -127 480 111 719
Net Cash Flow 14 -14 -3 47 -42 6 7 -5 47 -40 37 -40
Free Cash Flow 105 -89 121 158 -146 51 20 6 -81 -475 43 -801
CFO/OP 48% -15% 93% 101% 3% 70% 20% 36% 57% -4% 102% -74%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 53 143 208 141 120 159 225 154 148 191 182 146
Inventory Days 260 185 139 51 33 87 49 78 90 117 124 136
Days Payable 304 281 251 146 129 249 266 178 131 159 193 108
Cash Conversion Cycle 9 47 96 45 25 -3 8 53 107 149 113 174
Working Capital Days 94 134 150 93 69 96 70 92 125 166 186 223
ROCE % 23% 23% 12% 17% 20% 20% 18% 17% 13% 12% 8% 9%

Insights

In beta
Mar 2015 Mar 2016 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025 Dec 2026 (P)
Optical Fiber Cable (OFC) Manufacturing Capacity
mn fkm p.a.

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Optical Fiber (OF) Manufacturing Capacity
mn fkm p.a.
Order Book
INR Crores
Product-led vs Project-led Revenue Mix (Product Share)
%
R&D Headcount
Number
Intermittently Bonded Ribbon (IBR) Cable Capacity
mn fkm p.a.
5G FWA CPE Sales Volume
Units
Global Presence (Countries)
Number
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
39.24% 37.84% 37.84% 37.69% 37.63% 36.24% 35.90% 34.37% 31.58% 30.02% 28.29% 28.29%
7.53% 8.35% 8.18% 7.66% 7.02% 6.68% 6.70% 6.97% 7.75% 7.48% 7.48% 7.08%
2.95% 4.64% 4.55% 5.68% 7.39% 8.69% 10.96% 13.26% 14.04% 13.57% 9.07% 8.57%
50.19% 49.09% 49.37% 48.91% 47.91% 48.33% 46.40% 45.36% 46.61% 48.89% 55.13% 56.02%
0.09% 0.08% 0.08% 0.06% 0.06% 0.05% 0.04% 0.04% 0.04% 0.04% 0.03% 0.02%
No. of Shareholders 5,85,6475,89,4826,51,7867,29,5367,70,7917,73,2768,20,6398,40,2198,58,6388,69,4428,42,2098,03,693

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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