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 | ₹1,948 | ₹11.8L Cr | 37.8 | 7.95 | 20.3 | 17.6 | 1.77 |
| IDEA Vodafone Idea Limited | ₹12 | ₹1.2L Cr | — | -3.59 | — | -1.72 | -2.83 |
| INDUSTOWER Indus Towers Limited | ₹373 | ₹1.0L Cr | 14 | 2.49 | 18.6 | 19.5 | 0.58 |
| TATACOMM Tata Communications Limited | ₹— | ₹47K Cr | 39 | 19.09 | 32.6 | 14.6 | 3.35 |
| STLTECH Sterlite Technologies Limited | ₹— | ₹42K Cr | 56.7 | 14.04 | 1.24 | 7.65 | 0.86 |
| ITI ITI Limited | ₹— | ₹21K Cr | — | — | -8.86 | 2.1 | 0.9 |
| TTML Tata Teleservices (Maharashtra) Limited | ₹— | ₹7K Cr | — | -0.42 | — | -12.7 | -7.54 |
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 September 30, 2026
Dividend - Re 0.20 Per Share
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 reports Q2FY26 financial results.
*HFCL reports Q2FY26 financial results.* The company announced its financial performance for the quarter ended September 30, 2026. Results include key metrics like revenue, profit, and margins, which may influence near-term price action. Traders should assess guidance and order book for forward outlook. 📊 *STOCKS:* $HFCL | 🏢 *SECTOR:* Telecom | #MEDIUMIMPACT #Earnings
HFCL reports Q2 and half-year unaudited results
*HFCL reports Q2 and half-year unaudited results* for the period ended September 30, 2026, on both standalone and consolidated basis. The financial results were released on October 19, 2026, as per regulatory requirements. Traders should analyze key line items like revenue, profit, and margins when the full data is available. 📊 *STOCKS:* $HFCL | 🏢 *SECTOR:* CapitalMarkets | #Earnings #HFCL
HFCL 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 Limited releases investor presentation.
*HFCL Limited releases investor presentation.* The company filed an investor presentation with the NSE, disclosing strategic updates and financial highlights. No major announcements or financial revisions were included. The document aims to enhance investor awareness and transparency. 📊 *STOCKS:* HFCL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorPresentation
HFCL jumps 277% amid Reliance Jio IPO buzz, Nuvama upgrades to buy
*HFCL jumps 277% in 2026 amid speculation linked to Reliance Jio's upcoming IPO.* Nuvama Securities reiterates 'Buy' rating, citing strong strategic alignment. Target price set at **₹320**, implying **34% upside**. The rally reflects growing investor sentiment around Jio's ecosystem play. 📊 *STOCKS:* $HFCL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #IPO
HFCL approves ₹820 crore capex for optical expansion
*HFCL approves ₹820 crore additional capex for optical fibre, cable, and preform capacity.* The move aims to strengthen its position in the high-speed connectivity segment. This brings total planned investments to **₹1,200 crore** in the current phase. Demand for optical infrastructure is rising due to 5G rollout and rural broadband projects. 📊 *STOCKS:* HFCL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex
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
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 | ₹764 Cr 70.2% | ₹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 | ₹63 Cr 8.6% | ₹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 | ₹1.9K Cr 24.6% | ₹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 | ₹2.1K Cr 6.9% | ₹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 | ₹1.2K Cr 42.7% | ₹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 | ₹486 Cr 19.3% | ₹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 | 191d 31.7% | 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 | 136d 21.8% | 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 | 218d 54.6% | 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 | 208d 16.2% | 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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