HFCL Ltd

About [ edit ]

HFCL is engaged in the business of diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high-end telecom equipment, Optic Fiber and Optic Fiber Cable (OFC).

  • Market Cap 4,778 Cr.
  • Current Price 37.2
  • High / Low 39.0 / 8.70
  • Stock P/E 19.8
  • Book Value 14.9
  • Dividend Yield 0.00 %
  • ROCE 20.0 %
  • ROE 13.5 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company's median sales growth is 26.42% of last 10 years

Cons

  • The company has delivered a poor sales growth of 9.02% over past five years.
  • Promoters have pledged 44.72% of their holding.
  • Dividend payout has been low at 4.62% of profits over last 3 years
  • Company has high debtors of 215.47 days.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
1,088 1,213 1,221 1,215 1,343 980 853 663 700 1,054 1,277 1,391
999 1,120 1,093 1,111 1,153 842 759 592 620 921 1,113 1,210
Operating Profit 90 93 128 104 189 138 95 71 79 134 164 181
OPM % 8% 8% 10% 9% 14% 14% 11% 11% 11% 13% 13% 13%
Other Income 5 3 3 32 5 4 9 5 3 1 12 6
Interest 16 19 28 29 28 30 24 33 38 43 45 51
Depreciation 6 6 7 8 9 8 10 15 16 17 18 18
Profit before tax 73 71 96 99 157 103 70 28 29 75 114 118
Tax % 35% 30% 28% 33% 26% 36% 35% 69% 27% 29% 25% 27%
Net Profit 46 44 68 63 110 65 46 6 21 51 82 85
EPS in Rs 0.37 0.35 0.54 0.49 0.86 0.51 0.36 0.05 0.16 0.40 0.64 0.66

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
515 86 261 607 2,019 2,553 2,872 2,131 3,227 4,738 3,839 4,423
607 262 261 556 1,865 2,273 2,600 1,944 2,944 4,320 3,346 3,873
Operating Profit -92 -176 -0 51 155 280 273 187 283 418 493 550
OPM % -18% -203% -0% 8% 8% 11% 10% 9% 9% 9% 13% 12%
Other Income 675 244 40 107 386 110 -29 21 24 40 22 32
Interest 74 46 88 86 44 44 62 62 64 92 115 176
Depreciation 136 11 15 17 20 34 26 22 23 27 42 69
Profit before tax 373 12 -63 55 476 312 156 124 220 339 358 337
Tax % 0% 0% -0% 0% 1% 0% 0% 0% 22% 32% 34% 27%
Net Profit 374 10 -67 56 475 324 156 123 168 220 227 239
EPS in Rs 8.08 0.10 -0.54 0.45 3.83 2.61 1.26 0.99 1.35 1.73 1.77 1.86
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 4% 6% 0% 8%
Compounded Sales Growth
10 Years:48%
5 Years:9%
3 Years:11%
TTM:15%
Compounded Profit Growth
10 Years:37%
5 Years:-0%
3 Years:13%
TTM:6%
Stock Price CAGR
10 Years:9%
5 Years:18%
3 Years:13%
1 Year:259%
Return on Equity
10 Years:20%
5 Years:15%
3 Years:15%
Last Year:14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
180 180 204 204 204 204 124 124 124 127 128 128
Reserves -395 -233 -82 -25 430 753 716 840 1,037 1,306 1,540 1,788
Borrowings 1,305 874 412 379 321 317 544 539 469 590 734 861
1,251 1,115 1,349 812 797 653 791 773 959 1,271 1,427 2,439
Total Liabilities 2,207 1,855 1,803 1,290 1,672 1,847 2,175 2,275 2,588 3,294 3,829 5,216
257 167 165 183 230 199 175 188 196 238 504 532
CWIP 10 16 20 22 1 4 1 2 10 86 34 12
Investments 1,013 983 915 310 313 272 57 50 55 60 58 41
927 689 703 775 1,128 1,373 1,943 2,035 2,327 2,911 3,233 4,631
Total Assets 2,207 1,855 1,803 1,290 1,672 1,847 2,175 2,275 2,588 3,294 3,829 5,216

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
475 32 -7 51 86 129 0 136 207 34 167 57
-770 -23 68 -6 133 -45 37 -25 -30 -150 -162 -77
379 -57 -80 -62 -243 -74 -55 -114 -116 67 -7 25
Net Cash Flow 85 -48 -20 -17 -24 10 -18 -3 61 -49 -1 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % -13% 2% 25% 33% 36% 24% 13% 18% 24% 21% 20%
Debtor Days 344 1,650 515 215 51 52 141 202 134 113 153 215
Inventory Turnover 2.42 1.51 1.40 1.39 1.73 2.08 2.34 6.11 9.92 4.36 8.74

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
38.30 38.30 38.67 38.43 38.13 38.13 38.13 38.64 38.64 39.73 42.05 42.05
7.17 4.71 4.36 4.47 4.93 5.23 5.26 5.12 4.04 2.48 1.66 2.18
1.80 1.50 1.38 1.36 1.49 1.53 1.27 1.27 1.21 0.11 0.07 0.08
52.73 55.49 55.58 55.74 55.45 55.12 55.34 54.96 56.11 57.67 56.22 55.69

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