HFCL Ltd

HFCL Ltd

₹ 112 -2.48%
23 Feb - close price
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

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]

  • Market Cap 16,045 Cr.
  • Current Price 112
  • High / Low 117 / 55.8
  • Stock P/E 55.0
  • Book Value 24.9
  • Dividend Yield 0.18 %
  • 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 44.7% 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: -4.21%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,277 1,391 1,207 1,122 1,215 1,183 1,051 1,173 1,086 1,433 995 1,111 1,032
1,113 1,210 1,021 953 1,045 1,059 935 995 917 1,279 849 979 916
Operating Profit 164 181 186 169 171 124 116 179 169 154 146 133 117
OPM % 13% 13% 15% 15% 14% 10% 11% 15% 16% 11% 15% 12% 11%
12 6 5 4 -2 30 13 -4 25 14 13 18 47
Interest 44 51 49 40 39 38 38 39 37 38 36 35 37
Depreciation 18 18 18 18 20 23 20 21 20 21 21 21 19
Profit before tax 114 118 124 115 109 93 71 114 137 109 103 94 108
Tax % 25% 27% 27% 25% 26% 27% 25% 26% 26% 28% 26% 25% 24%
85 86 91 86 81 68 53 84 102 79 76 70 82
EPS in Rs 0.64 0.66 0.68 0.63 0.57 0.47 0.37 0.59 0.70 0.52 0.49 0.49 0.58
Raw PDF

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: 30%
5 Years: 40%
3 Years: 56%
1 Year: 73%
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%

Shareholding Pattern

Numbers in percentages

32 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
42.05% 42.05% 41.89% 39.23% 39.23% 39.20% 39.20% 39.24% 39.24% 39.24% 37.84% 37.84%
2.18% 2.20% 3.96% 7.19% 6.66% 6.81% 6.72% 6.52% 6.77% 7.53% 8.35% 8.18%
0.08% 0.68% 0.63% 1.44% 1.87% 2.03% 2.58% 2.64% 2.78% 2.95% 4.64% 4.55%
55.69% 55.07% 53.30% 51.97% 52.11% 51.78% 51.36% 51.49% 51.12% 50.19% 49.09% 49.37%
0.00% 0.00% 0.22% 0.17% 0.12% 0.18% 0.13% 0.12% 0.10% 0.09% 0.08% 0.08%
No. of Shareholders 2,51,1323,74,1974,71,5785,43,5886,28,7526,36,0736,16,5626,14,9485,90,6925,85,6475,89,4826,51,786

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls