HFCL Ltd
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]
- Market Cap ₹ 13,863 Cr.
- Current Price ₹ 96.4
- High / Low ₹ 118 / 61.5
- Stock P/E 47.5
- Book Value ₹ 24.9
- Dividend Yield 0.21 %
- ROCE 15.2 %
- ROE 10.2 %
- Face Value ₹ 1.00
Pros
Cons
- The company has delivered a poor sales growth of 8.01% over past five years.
- Company has a low return on equity of 12.1% over last 3 years.
- Promoters have pledged 44.5% of their holding.
- Dividend payout has been low at 8.37% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -4.37%
* 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
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
261 | 607 | 2,019 | 2,553 | 2,872 | 2,131 | 3,227 | 4,738 | 3,839 | 4,423 | 4,727 | 4,743 | 4,572 | |
255 | 546 | 1,864 | 2,272 | 2,600 | 1,944 | 2,944 | 4,320 | 3,346 | 3,873 | 4,077 | 4,125 | 4,022 | |
Operating Profit | 6 | 60 | 156 | 281 | 273 | 187 | 283 | 418 | 493 | 550 | 650 | 619 | 550 |
OPM % | 2% | 10% | 8% | 11% | 10% | 9% | 9% | 9% | 13% | 12% | 14% | 13% | 12% |
34 | 97 | 385 | 110 | -29 | 21 | 24 | 40 | 22 | 31 | 37 | 47 | 92 | |
Interest | 88 | 86 | 44 | 44 | 62 | 62 | 64 | 92 | 115 | 175 | 166 | 152 | 146 |
Depreciation | 15 | 17 | 20 | 34 | 26 | 22 | 23 | 27 | 42 | 69 | 78 | 83 | 83 |
Profit before tax | -63 | 55 | 476 | 312 | 156 | 124 | 220 | 339 | 358 | 337 | 442 | 431 | 414 |
Tax % | -0% | 0% | 1% | 0% | 0% | 0% | 22% | 32% | 34% | 27% | 26% | 26% | |
-67 | 56 | 475 | 324 | 156 | 124 | 172 | 232 | 237 | 246 | 326 | 318 | 307 | |
EPS in Rs | -0.54 | 0.45 | 3.83 | 2.61 | 1.26 | 0.99 | 1.35 | 1.73 | 1.77 | 1.86 | 2.27 | 2.18 | 2.08 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 4% | 6% | 0% | 8% | 8% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 23% |
5 Years: | 8% |
3 Years: | 7% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 12% |
3 Years: | 10% |
TTM: | -1% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 34% |
3 Years: | 53% |
1 Year: | 53% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 13% |
3 Years: | 12% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 127 | 128 | 128 | 137 | 138 | 143 |
Reserves | -82 | -25 | 430 | 753 | 716 | 840 | 1,037 | 1,306 | 1,540 | 1,788 | 2,661 | 2,970 | 3,417 |
Preference Capital | 80 | 80 | 80 | 80 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
412 | 379 | 321 | 317 | 544 | 539 | 469 | 590 | 734 | 942 | 783 | 936 | 896 | |
1,349 | 812 | 797 | 653 | 791 | 773 | 959 | 1,271 | 1,427 | 2,358 | 1,590 | 1,429 | 1,464 | |
Total Liabilities | 1,803 | 1,290 | 1,672 | 1,847 | 2,175 | 2,275 | 2,588 | 3,294 | 3,829 | 5,216 | 5,171 | 5,473 | 5,920 |
165 | 183 | 230 | 199 | 175 | 188 | 196 | 238 | 504 | 508 | 528 | 548 | 882 | |
CWIP | 20 | 22 | 1 | 4 | 1 | 2 | 10 | 86 | 34 | 36 | 108 | 268 | 66 |
Investments | 915 | 310 | 313 | 272 | 57 | 50 | 55 | 60 | 58 | 41 | 55 | 70 | 63 |
703 | 775 | 1,128 | 1,373 | 1,943 | 2,035 | 2,327 | 2,911 | 3,233 | 4,631 | 4,480 | 4,586 | 4,908 | |
Total Assets | 1,803 | 1,290 | 1,672 | 1,847 | 2,175 | 2,275 | 2,588 | 3,294 | 3,829 | 5,216 | 5,171 | 5,473 | 5,920 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-7 | 51 | 86 | 129 | 0 | 136 | 207 | 34 | 172 | 145 | 205 | 236 | |
68 | -6 | 133 | -45 | 37 | -25 | -30 | -150 | -167 | -165 | -458 | -45 | |
-80 | -62 | -243 | -74 | -55 | -114 | -116 | 67 | -7 | 25 | 248 | -145 | |
Net Cash Flow | -20 | -17 | -24 | 10 | -18 | -3 | 61 | -49 | -1 | 5 | -5 | 47 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 515 | 215 | 51 | 52 | 141 | 202 | 134 | 113 | 153 | 215 | 146 | 145 |
Inventory Days | 247 | 267 | 375 | 259 | 192 | 140 | 56 | 41 | 96 | 65 | 98 | 113 |
Days Payable | 582 | 637 | 679 | 320 | 307 | 260 | 148 | 134 | 227 | 262 | 173 | 131 |
Cash Conversion Cycle | 180 | -155 | -252 | -9 | 26 | 81 | 42 | 20 | 22 | 18 | 72 | 127 |
Working Capital Days | 9 | 12 | 49 | 93 | 131 | 165 | 107 | 94 | 136 | 126 | 135 | 187 |
ROCE % | 3% | 25% | 33% | 36% | 24% | 13% | 18% | 24% | 21% | 20% | 19% | 15% |
Documents
Announcements
- Closure of Trading Window 19 Apr
- Board Meeting Intimation for Consideration And Approval Of Inter-Alia, The Audited Financial Results Of The Company For The 4Th Quarter And Financial Year Ended March 31, 2024, Both On Standalone And Consolidated Basis 19 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Apr
-
Disclosures Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
15 Apr - One of the warrant holders, namely Mr. Brij Bhushan Singh, belonging to the non-promoter category and being a part of the senior leadership team, who …
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
12 Apr - The Company along with its material subsidiary, HTL Limited, has received the Purchase Orders aggregating to INR 64.93 approx. crores for supply of Optical Fiber …
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from nse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
Feb 2024Transcript PPT
-
Oct 2023Transcript PPT
-
Aug 2023Transcript PPT
-
Jul 2023TranscriptNotesPPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Jul 2022Transcript PPT
-
Jul 2022TranscriptNotesPPT
-
May 2022Transcript PPT
-
Apr 2022TranscriptNotesPPT
-
Jan 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Jul 2021Transcript PPT
-
May 2021Transcript PPT
-
Jan 2021Transcript PPT
-
Nov 2020TranscriptPPT
-
Oct 2020Transcript PPT
-
Aug 2020TranscriptNotesPPT
-
Jun 2020Transcript PPT
-
Feb 2020TranscriptPPT
-
Jan 2020TranscriptNotesPPT
-
Dec 2019Transcript PPT
-
Oct 2019TranscriptNotesPPT
-
Aug 2019Transcript PPT
-
Jul 2019TranscriptNotesPPT
-
Jun 2019Transcript PPT
-
May 2019TranscriptNotesPPT
-
Mar 2019TranscriptNotesPPT
Product Portfolio
Company's product portfolio includes Optical Fiber Cable (OFC), indoor & outdoor WIFI, Cloud-based network management system, High density cabinets, PCL splitters, Railway communication solutions, Ethernet, and others. [1]