HFCL Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Low debt relative to equity (D/E 0.4x)
Concerns
- ✗Premium to sector peers (P/E 105x vs industry 39.7x)
- ✗Trading near 52-week high (₹230)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| BHARTIARTL Bharti Airtel Limited | ₹1,948 | ₹11.9L Cr | 44.7 | 7.95 | 20.3 | 17.6 | 1.77 |
| IDEA Vodafone Idea Limited | ₹14 | ₹1.5L Cr | — | -4.12 | — | -1.6 | -2.83 |
| INDUSTOWER Indus Towers Limited | ₹400 | ₹1.1L Cr | 14.9 | 2.67 | 19.8 | 19.5 | 0.58 |
| TATACOMM Tata Communications Limited | ₹1,819 -0.21% | ₹52K Cr | 49.1 | 19.09 | 32.6 | 14.6 | 3.35 |
| ITI ITI Limited | ₹286 +1.37% | ₹27K Cr | — | 14.43 | -8.86 | 1.41 | 0.9 |
| STLTECH Sterlite Technologies Limited | ₹529 +4.99% | ₹27K Cr | 561 | 14.04 | 2.24 | 7.75 | 0.86 |
| TEJASNET Tejas Networks Limited | ₹537 -1.11% | ₹10K Cr | — | 3.26 | -26.8 | -14.6 | 1.43 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
HFCL · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 37.84% | 37.69% | 37.63% | 36.24% | 35.90% | 34.37% |
| FII | 8.18% | 7.66% | 7.02% | 6.68% | 6.70% | 6.97% |
| DII | 4.55% | 5.68% | 7.39% | 8.69% | 10.96% | 13.26% |
| Public | 49.37% | 48.91% | 47.91% | 48.33% | 46.40% | 45.36% |
| Others | 0.08% | 0.06% | 0.06% | 0.05% | 0.04% | 0.04% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Re 0.10 Per Share
Record: 8 Sept 2025
Annual General Meeting/Dividend - Rs 0.20 Per Share
Annual General Meeting/Dividend - Re 0.20 Per Share
Latest News
All news →HFCL bags $51.98M export order for data center cables
*HFCL bags $51.98M export order for data center cables* — HFCL has secured an export order worth **$51.98 million** (approx. **₹495.80 crore**) for Optical Fiber Cable based Data Centre Connectivity Solutions. This win strengthens its international footprint in high-growth tech infrastructure. The contract underscores growing demand for high-speed data connectivity solutions. 📊 *STOCKS:* HFCL | 🏢 *SECTOR:* Telecom | #MEDIUMIMPACT #OrderWin
HFCL wins ₹495 crore order, shares rise 4%
*HFCL wins ₹495 crore order, shares rise 4%.* The recent order win has triggered a positive market response, boosting investor sentiment. Despite a **200% surge in 2026**, analysts are assessing valuation sustainability. The contract strengthens HFCL’s order book in the telecom infrastructure segment. 📊 *STOCKS:* HFCL | 🏢 *SECTOR:* Telecom | #MEDIUMIMPACT #OrderWin
HFCL surges 230% in FY27 on strong order wins and upgrade
*HFCL surges 230% in FY27 on strong order wins and upgrade* — HFCL hit upper circuit for the second consecutive day amid robust order inflows and a broker rating upgrade. The stock's rally follows **₹2,800 crore** in recent order wins, boosting investor confidence. Analysts cite improved execution track record and sector tailwinds in telecom infrastructure. 📊 *STOCKS:* HFCL | 🏢 *SECTOR:* Telecom | #MEDIUMIMPACT #OrderWin
HFCL wins ₹84 Cr optical fibre cable order
*HFCL wins ₹84 Cr optical fibre cable order.* The company secured a significant order for supply and execution of OFC network, boosting its order book. This win reinforces its presence in the telecom infrastructure space. 📊 *STOCKS:* $HFCL | 🏢 *SECTOR:* Telecom | #MEDIUMIMPACT #OrderWin
HFCL, Sterlite Tech boost capex on AI-driven fiber demand
*HFCL, Sterlite Tech boost capex on AI-driven fiber demand.* Global AI data center expansion in US and Europe is fueling strong demand for optical fiber, benefiting Indian suppliers. Both **HFCL** and **Sterlite Tech** are scaling up exports and increasing capital expenditure to meet orders. This shift supports revenue growth and long-term sector competitiveness. 📊 *STOCKS:* HFCL, STL | 🏢 *SECTOR:* Telecom | #MEDIUMIMPACT #fiber
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.8K Cr ▲50.6% | ₹1.2K Cr ▲16.1% | ₹1.0K Cr ▲19.7% | ₹871 Cr ▲8.7% | ₹801 Cr ▼20.8% | ₹1.0K Cr ▼7.5% | ₹1.1K Cr ▼5.5% | ₹1.2K Cr |
| Op. Profit | ₹314 Cr ▲37.7% | ₹228 Cr ▲20.0% | ₹190 Cr ▲578.6% | ₹28 Cr ▲175.7% | ₹-37 Cr ▼124.3% | ₹152 Cr ▼3.8% | ₹158 Cr ▼9.7% | ₹175 Cr |
| OPM | 17.0% ▼10.5% | 19.0% ▲5.6% | 18.0% ▲500.0% | 3.0% ▲160.0% | -5.0% ▼133.3% | 15.0% ▲7.1% | 14.0% ▼6.7% | 15.0% |
| Net Profit | ₹184 Cr ▲80.4% | ₹102 Cr ▲41.7% | ₹72 Cr ▲348.3% | ₹-29 Cr ▲65.1% | ₹-83 Cr ▼213.7% | ₹73 Cr ▲0.0% | ₹73 Cr ▼34.2% | ₹111 Cr |
| EPS (₹) | 1.17 ▲82.8% | 0.64 ▲36.2% | 0.47 ▲313.6% | -0.22 ▲60.7% | -0.56 ▼209.8% | 0.51 ▲0.0% | 0.51 ▼33.8% | 0.77 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.9K Cr ▲21.7% | ₹4.1K Cr ▼9.0% | ₹4.5K Cr ▼5.9% | ₹4.7K Cr ▲0.3% | ₹4.7K Cr ▲6.9% | ₹4.4K Cr ▲15.2% | ₹3.8K Cr ▼19.0% | ₹4.7K Cr ▲46.8% | ₹3.2K Cr ▲51.4% | ₹2.1K Cr |
| Expenses | ₹4.2K Cr ▲15.8% | ₹3.6K Cr ▼6.9% | ₹3.9K Cr ▼5.8% | ₹4.1K Cr ▲1.2% | ₹4.1K Cr ▲5.3% | ₹3.9K Cr ▲15.8% | ₹3.3K Cr ▼22.5% | ₹4.3K Cr ▲46.7% | ₹2.9K Cr ▲51.4% | ₹1.9K Cr |
| Op. Profit | ₹762 Cr ▲69.7% | ₹449 Cr ▼22.9% | ₹582 Cr ▼6.0% | ₹619 Cr ▼4.8% | ₹650 Cr ▲18.2% | ₹550 Cr ▲11.6% | ₹493 Cr ▲17.9% | ₹418 Cr ▲47.7% | ₹283 Cr ▲51.3% | ₹187 Cr |
| OPM | 15.0% ▲36.4% | 11.0% ▼15.4% | 13.0% ▲0.0% | 13.0% ▼7.1% | 14.0% ▲16.7% | 12.0% ▼7.7% | 13.0% ▲44.4% | 9.0% ▲0.0% | 9.0% ▲0.0% | 9.0% |
| Other Income | ₹66 Cr ▲13.8% | ₹58 Cr ▼43.1% | ₹102 Cr ▲117.0% | ₹47 Cr ▲27.0% | ₹37 Cr ▲19.4% | ₹31 Cr ▲40.9% | ₹22 Cr ▼45.0% | ₹40 Cr ▲66.7% | ₹24 Cr ▲14.3% | ₹21 Cr |
| Interest | ₹242 Cr ▲30.8% | ₹185 Cr ▲25.9% | ₹147 Cr ▼3.3% | ₹152 Cr ▼8.4% | ₹166 Cr ▼5.1% | ₹175 Cr ▲52.2% | ₹115 Cr ▲25.0% | ₹92 Cr ▲43.8% | ₹64 Cr ▲3.2% | ₹62 Cr |
| Depreciation | ₹157 Cr ▲48.1% | ₹106 Cr ▲29.3% | ₹82 Cr ▼1.2% | ₹83 Cr ▲6.4% | ₹78 Cr ▲13.0% | ₹69 Cr ▲64.3% | ₹42 Cr ▲55.6% | ₹27 Cr ▲17.4% | ₹23 Cr ▲4.5% | ₹22 Cr |
| PBT | ₹428 Cr ▲97.2% | ₹217 Cr ▼52.2% | ₹454 Cr ▲5.3% | ₹431 Cr ▼2.5% | ₹442 Cr ▲31.2% | ₹337 Cr ▼5.9% | ₹358 Cr ▲5.6% | ₹339 Cr ▲54.1% | ₹220 Cr ▲77.4% | ₹124 Cr |
| Tax % | 23.0% ▲15.0% | 20.0% ▼23.1% | 26.0% ▲0.0% | 26.0% ▲0.0% | 26.0% ▼3.7% | 27.0% ▼20.6% | 34.0% ▲6.3% | 32.0% ▲45.5% | 22.0% | 0.0% |
| Net Profit | ₹329 Cr ▲90.2% | ₹173 Cr ▼48.8% | ₹338 Cr ▲6.3% | ₹318 Cr ▼2.5% | ₹326 Cr ▲32.5% | ₹246 Cr ▲3.8% | ₹237 Cr ▲2.2% | ₹232 Cr ▲34.9% | ₹172 Cr ▲38.7% | ₹124 Cr |
| EPS (₹) | 2.04 ▲65.9% | 1.23 ▼46.3% | 2.29 ▲5.0% | 2.18 ▼4.0% | 2.27 ▲22.0% | 1.86 ▲5.1% | 1.77 ▲2.3% | 1.73 ▲28.1% | 1.35 ▲36.4% | 0.99 |
| Div Payout | 10.0% ▲25.0% | 8.0% ▼11.1% | 9.0% ▲0.0% | 9.0% ▲12.5% | 8.0% ▲0.0% | 8.0% | 0.0% ▼100.0% | 6.0% ▲50.0% | 4.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹153 Cr ▲6.3% | ₹144 Cr ▲0.0% | ₹144 Cr ▲4.3% | ₹138 Cr ▲0.7% | ₹137 Cr ▲7.0% | ₹128 Cr ▲0.0% | ₹128 Cr ▲0.8% | ₹127 Cr ▲2.4% | ₹124 Cr ▲0.0% | ₹124 Cr |
| Reserves | ₹4.7K Cr ▲20.4% | ₹3.9K Cr ▲3.2% | ₹3.8K Cr ▲28.4% | ₹3.0K Cr ▲11.6% | ₹2.7K Cr ▲48.8% | ₹1.8K Cr ▲16.1% | ₹1.5K Cr ▲17.2% | ₹1.3K Cr ▲24.5% | ₹1.1K Cr ▲25.6% | ₹840 Cr |
| Borrowings | ₹1.7K Cr ▲14.6% | ₹1.5K Cr ▲53.6% | ₹991 Cr ▲5.9% | ₹936 Cr ▲19.5% | ₹783 Cr ▼16.9% | ₹942 Cr ▲28.3% | ₹734 Cr ▲24.4% | ₹590 Cr ▲25.8% | ₹469 Cr ▼13.0% | ₹539 Cr |
| Other Liabilities | ₹2.2K Cr ▲14.8% | ₹1.9K Cr ▲26.3% | ₹1.5K Cr ▲7.8% | ₹1.4K Cr ▼10.1% | ₹1.6K Cr ▼32.6% | ₹2.4K Cr ▲65.2% | ₹1.4K Cr ▲13.1% | ₹1.3K Cr ▲34.1% | ₹941 Cr ▲21.7% | ₹773 Cr |
| Total Liabilities | ₹8.9K Cr ▲17.5% | ₹7.5K Cr ▲16.3% | ₹6.5K Cr ▲18.5% | ₹5.5K Cr ▲5.8% | ₹5.2K Cr ▼0.9% | ₹5.2K Cr ▲36.2% | ₹3.8K Cr ▲16.2% | ₹3.3K Cr ▲27.3% | ₹2.6K Cr ▲13.8% | ₹2.3K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹1.6K Cr ▲89.8% | ₹852 Cr ▲30.7% | ₹652 Cr ▲19.0% | ₹548 Cr ▲3.8% | ₹528 Cr ▲3.9% | ₹508 Cr ▲0.8% | ₹504 Cr ▲111.8% | ₹238 Cr ▲21.4% | ₹196 Cr ▲4.3% | ₹188 Cr |
| CWIP | ₹85 Cr ▼85.9% | ₹602 Cr ▲28.4% | ₹469 Cr ▲75.0% | ₹268 Cr ▲148.1% | ₹108 Cr ▲200.0% | ₹36 Cr ▲5.9% | ₹34 Cr ▼60.5% | ₹86 Cr ▲760.0% | ₹10 Cr ▲400.0% | ₹2 Cr |
| Investments | ₹135 Cr ▼14.6% | ₹158 Cr ▼18.6% | ₹194 Cr ▲177.1% | ₹70 Cr ▲27.3% | ₹55 Cr ▲34.1% | ₹41 Cr ▼29.3% | ₹58 Cr ▼3.3% | ₹60 Cr ▲9.1% | ₹55 Cr ▲10.0% | ₹50 Cr |
| Other Assets | ₹7.0K Cr ▲18.5% | ₹5.9K Cr ▲14.8% | ₹5.2K Cr ▲12.8% | ₹4.6K Cr ▲2.4% | ₹4.5K Cr ▼3.3% | ₹4.6K Cr ▲43.2% | ₹3.2K Cr ▲11.1% | ₹2.9K Cr ▲25.1% | ₹2.3K Cr ▲14.3% | ₹2.0K Cr |
| Total Assets | ₹8.9K Cr ▲17.5% | ₹7.5K Cr ▲16.3% | ₹6.5K Cr ▲18.5% | ₹5.5K Cr ▲5.8% | ₹5.2K Cr ▼0.9% | ₹5.2K Cr ▲36.2% | ₹3.8K Cr ▲16.2% | ₹3.3K Cr ▲27.3% | ₹2.6K Cr ▲13.8% | ₹2.3K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹-378 Cr ▼195.5% | ₹396 Cr ▲980.0% | ₹-45 Cr ▼119.1% | ₹235 Cr ▲14.6% | ₹205 Cr ▲41.4% | ₹145 Cr ▼15.7% | ₹172 Cr ▲405.9% | ₹34 Cr ▼83.6% | ₹207 Cr ▲52.2% | ₹136 Cr |
| Investing CF | ₹-324 Cr ▲37.5% | ₹-518 Cr ▼15.4% | ₹-449 Cr ▼920.5% | ₹-44 Cr ▲90.4% | ₹-458 Cr ▼177.6% | ₹-165 Cr ▲1.2% | ₹-167 Cr ▼11.3% | ₹-150 Cr ▼400.0% | ₹-30 Cr ▼20.0% | ₹-25 Cr |
| Financing CF | ₹669 Cr ▲293.5% | ₹170 Cr ▼62.6% | ₹454 Cr ▲413.1% | ₹-145 Cr ▼158.5% | ₹248 Cr ▲892.0% | ₹25 Cr ▲457.1% | ₹-7 Cr ▼110.4% | ₹67 Cr ▲157.8% | ₹-116 Cr ▼1.8% | ₹-114 Cr |
| Net Cash Flow | ₹-33 Cr ▼170.2% | ₹47 Cr ▲217.5% | ₹-40 Cr ▼187.0% | ₹46 Cr ▲1020.0% | ₹-5 Cr ▼200.0% | ₹5 Cr ▲600.0% | ₹-1 Cr ▲98.0% | ₹-49 Cr ▼180.3% | ₹61 Cr ▲2133.3% | ₹-3 Cr |
| Free Cash Flow | ₹-723 Cr ▼5925.0% | ₹-12 Cr ▲97.4% | ₹-454 Cr ▼332.4% | ₹-105 Cr ▼556.5% | ₹23 Cr ▼43.9% | ₹41 Cr ▲720.0% | ₹5 Cr ▲103.5% | ₹-143 Cr ▼186.1% | ₹166 Cr ▲50.9% | ₹110 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 163d ▼4.1% | 170d ▼6.1% | 181d ▲24.8% | 145d ▼0.7% | 146d ▼32.1% | 215d ▲40.5% | 153d ▲35.4% | 113d ▼15.7% | 134d ▼33.7% | 202d |
| Inventory Days | 161d ▲11.0% | 145d ▲7.4% | 135d ▲19.5% | 113d ▲15.3% | 98d ▲50.8% | 65d ▼32.3% | 96d ▲134.1% | 41d ▼26.8% | 56d ▼60.0% | 140d |
| Days Payable | 115d ▼33.9% | 174d ▲23.4% | 141d ▲7.6% | 131d ▼24.3% | 173d ▼34.0% | 262d ▲15.4% | 227d ▲69.4% | 134d ▼9.5% | 148d ▼43.1% | 260d |
| Cash Conv. Cycle | 210d ▲48.9% | 141d ▼19.4% | 175d ▲37.8% | 127d ▲76.4% | 72d ▲300.0% | 18d ▼18.2% | 22d ▲10.0% | 20d ▼52.4% | 42d ▼48.1% | 81d |
| Working Capital Days | 212d ▲18.4% | 179d ▲9.8% | 163d ▲31.5% | 124d ▲45.9% | 85d ▲21.4% | 70d ▼23.1% | 91d ▲46.8% | 62d ▼26.2% | 84d ▼37.3% | 134d |
| ROCE | 11.0% ▲37.5% | 8.0% ▼38.5% | 13.0% ▼13.3% | 15.0% ▼21.1% | 19.0% ▼5.0% | 20.0% ▼4.8% | 21.0% ▼12.5% | 24.0% ▲33.3% | 18.0% ▲38.5% | 13.0% |
Source: Screener.in · Lower days = better efficiency
About HFCL Limited
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]
Telecommunication · Telecom - Services