HFCL Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Low debt relative to equity (D/E 0.4x)
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| BHARTIARTL Bharti Airtel Limited | ₹1,840 | ₹11.5L Cr | 36.8 | 7.51 | 20.3 | 17.6 | 1.77 |
| IDEA Vodafone Idea Limited | ₹15 | ₹1.6L Cr | — | -4.55 | — | -1.72 | -2.83 |
| INDUSTOWER Indus Towers Limited | ₹377 | ₹99K Cr | 13.9 | 2.51 | 18.6 | 19.5 | 0.58 |
| TATACOMM Tata Communications Limited | ₹1,700 +0.68% | ₹50K Cr | 48.1 | 19.09 | 32.6 | 14.6 | 3.35 |
| STLTECH Sterlite Technologies Limited | ₹651 −1.09% | ₹38K Cr | 163 | 14.04 | 1.24 | 7.65 | 0.86 |
| ITI ITI Limited | ₹278 −0.30% | ₹26K Cr | — | 14.05 | -8.86 | 1.41 | 0.9 |
| TEJASNET Tejas Networks Limited | ₹504 −0.97% | ₹11K 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 newsHFCL bags $244M optical fiber cable order
*HFCL bags $244M optical fiber cable order*. HFCL has secured a long-term supply agreement for Optical Fiber Cables worth **$244 million** (₹2,329 crore). The contract marks a significant order win in the telecom infrastructure space. This boosts near-term revenue visibility and strengthens order book. 📊 *STOCKS:* $HFCL | 🏢 *SECTOR:* Telecom | #MEDIUMIMPACT #OrderWin
HFCL wins $46.13 million export order for OFC
*HFCL wins $46.13 million export order for OFC* — HFCL has secured an export order worth **$46.13 million** (approx. **₹441.53 crore**) for the supply of Optical Fiber Cables. The contract highlights growing international demand for the company's OFC products. This order is expected to boost revenue and enhance order book visibility. 📊 *STOCKS:* $HFCL | 🏢 *SECTOR:* Telecom | #MEDIUMIMPACT #Orders
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% 445.5% | 3.3% 171.7% | -4.6% 130.7% | 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]
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