HFCL Ltd

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

HFCL Ltd

₹ 140 -5.78%
18 May 3:23 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 ₹ 21,352 Cr.
  • Current Price ₹ 140
  • High / Low ₹ 155 / 59.8
  • Stock P/E 68.4
  • Book Value ₹ 32.0
  • Dividend Yield 0.07 %
  • ROCE 10.9 %
  • ROE 6.95 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 4.44 times its book value
  • The company has delivered a poor sales growth of 2.27% over past five years.
  • Company has a low return on equity of 6.81% over last 3 years.
  • Dividend payout has been low at 8.89% of profits over last 3 years
  • Company has high debtors of 163 days.
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,433 995 1,111 1,032 1,326 1,158 1,094 1,012 801 871 1,043 1,211 1,824
1,279 849 979 916 1,130 984 935 860 838 843 853 983 1,510
Operating Profit 154 146 133 117 196 175 158 152 -37 28 190 228 314
OPM % 11% 15% 12% 11% 15% 15% 14% 15% -5% 3% 18% 19% 17%
14 13 18 47 14 10 15 21 14 15 13 17 22
Interest 38 36 35 37 40 42 45 47 51 56 61 63 63
Depreciation 21 21 21 19 20 24 25 26 30 32 36 44 45
Profit before tax 109 103 94 108 149 119 102 100 -105 -45 106 138 228
Tax % 28% 26% 25% 24% 27% 7% 28% 28% -21% -34% 32% 26% 19%
79 76 70 82 109 111 73 73 -83 -29 72 102 184
EPS in Rs 0.52 0.49 0.49 0.58 0.76 0.77 0.51 0.51 -0.56 -0.22 0.47 0.64 1.17
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,553 2,872 2,131 3,227 4,738 3,839 4,423 4,727 4,743 4,465 4,065 4,949
2,272 2,600 1,944 2,944 4,320 3,346 3,873 4,077 4,125 3,884 3,616 4,188
Operating Profit 281 273 187 283 418 493 550 650 619 582 449 762
OPM % 11% 10% 9% 9% 9% 13% 12% 14% 13% 13% 11% 15%
110 -29 21 24 40 22 31 37 47 102 58 66
Interest 44 62 62 64 92 115 175 166 152 147 185 242
Depreciation 34 26 22 23 27 42 69 78 83 82 106 157
Profit before tax 312 156 124 220 339 358 337 442 431 454 217 428
Tax % 0% 0% 0% 22% 32% 34% 27% 26% 26% 26% 20% 23%
324 156 124 172 232 237 246 326 318 338 173 329
EPS in Rs 2.61 1.26 0.99 1.35 1.73 1.77 1.86 2.27 2.18 2.29 1.23 2.04
Dividend Payout % 0% 0% 0% 4% 6% 0% 8% 8% 9% 9% 8% 10%
Compounded Sales Growth
10 Years: 6%
5 Years: 2%
3 Years: 1%
TTM: 22%
Compounded Profit Growth
10 Years: 3%
5 Years: 5%
3 Years: 1%
TTM: 76%
Stock Price CAGR
10 Years: 25%
5 Years: 29%
3 Years: 32%
1 Year: 67%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 7%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 753 716 840 1,055 1,314 1,540 1,788 2,661 2,970 3,812 3,935 4,738
398 544 539 469 590 734 942 783 936 991 1,522 1,744
572 791 773 941 1,262 1,427 2,358 1,590 1,429 1,540 1,945 2,232
Total Liabilities 1,847 2,175 2,275 2,588 3,294 3,829 5,216 5,171 5,473 6,487 7,546 8,868
199 175 188 196 238 504 508 528 548 652 852 1,617
CWIP 4 1 2 10 86 34 36 108 268 469 602 85
Investments 272 57 50 55 60 58 41 55 70 194 158 135
1,373 1,943 2,035 2,327 2,911 3,233 4,631 4,480 4,586 5,172 5,935 7,031
Total Assets 1,847 2,175 2,275 2,588 3,294 3,829 5,216 5,171 5,473 6,487 7,546 8,868

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
129 0 136 207 34 172 145 205 235 -45 396 -378
-45 37 -25 -30 -150 -167 -165 -458 -44 -449 -518 -324
-74 -55 -114 -116 67 -7 25 248 -145 454 170 669
Net Cash Flow 10 -18 -3 61 -49 -1 5 -5 46 -40 47 -33
Free Cash Flow 111 -51 110 166 -143 5 41 23 -105 -454 -12 -723
CFO/OP 54% 12% 103% 102% 15% 53% 30% 41% 54% 13% 89% -44%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 52 141 202 134 113 153 215 146 145 181 170 163
Inventory Days 259 192 140 56 41 96 65 98 113 135 145 161
Days Payable 320 307 260 148 134 227 262 173 131 141 174 115
Cash Conversion Cycle -9 26 81 42 20 22 18 72 127 175 141 210
Working Capital Days 75 112 134 84 62 91 70 85 124 164 179 212
ROCE % 36% 24% 13% 18% 24% 21% 20% 19% 15% 13% 8% 11%

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)
% ・Standalone data

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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