Share Price and Basic Stock Data
Last Updated: November 3, 2025, 8:52 pm
| PEG Ratio | -11.11 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
HFCL Ltd operates in the telecom equipment industry, with a market capitalization of ₹10,915 Cr and a current share price of ₹75.7. The company has shown fluctuations in revenue, with total sales reported at ₹4,743 Cr for the fiscal year ending March 2023, down slightly from ₹4,727 Cr in the previous year. Quarterly sales exhibited variability, peaking at ₹1,433 Cr in March 2023 but declining to ₹995 Cr in June 2023. The trailing twelve months (TTM) revenue stood at ₹3,777 Cr, indicating a downward trend compared to past performance. This decline reflects broader industry challenges and potential disruptions in demand. The company’s operational performance has been characterized by an operating profit margin (OPM) of 3%, suggesting that cost management remains a critical focus. Despite these challenges, HFCL’s ability to sustain a considerable sales base demonstrates resilience in a competitive market.
Profitability and Efficiency Metrics
HFCL’s profitability metrics present a mixed picture. The company recorded a net profit of ₹33 Cr for the TTM, with a net profit margin of 4.25%. However, the price-to-earnings (P/E) ratio stood at a staggering 392, indicating that the stock may be overvalued relative to its earnings. Return on equity (ROE) was reported at 4.42%, while return on capital employed (ROCE) was slightly higher at 7.55%. These figures are relatively low compared to typical sector ranges, suggesting inefficiencies in capital utilization. The interest coverage ratio (ICR) of 2.74x indicates that HFCL can cover its interest obligations but is on the lower end of comfort, posing potential risks in managing debt. Operating profit has also shown volatility, with margins fluctuating between 11% and 16% over the past quarters, indicating challenges in maintaining consistent operational efficiency.
Balance Sheet Strength and Financial Ratios
HFCL’s balance sheet reflects both strengths and weaknesses. The company reported total borrowings of ₹1,522 Cr against reserves of ₹3,935 Cr, which provides a buffer against financial strain. The debt-to-equity ratio stood at 0.32, suggesting moderate leverage. However, total liabilities have increased over the years, reaching ₹7,546 Cr in March 2025, indicating a growing reliance on external financing. The current ratio of 1.86x indicates a healthy liquidity position, while the quick ratio of 1.55x further supports this assessment. However, the cash conversion cycle of 141 days raises concerns about operational efficiency in converting inventory and receivables into cash. Overall, while HFCL maintains a solid reserve position, the increasing liabilities and high debt levels highlight the need for cautious financial management.
Shareholding Pattern and Investor Confidence
The shareholding pattern of HFCL Ltd reflects a diverse ownership structure. Promoters hold 31.58% of the shares, a decline from 39.20% in September 2022, indicating reduced confidence from founding stakeholders. Foreign institutional investors (FIIs) hold 7.75%, while domestic institutional investors (DIIs) have increased their stake to 14.04%, suggesting growing interest from local funds. The public holds a significant 46.61% stake. The total number of shareholders has risen to 8,58,638, indicating a broadening retail investor base. However, the declining promoter share may raise concerns regarding long-term commitment to the company’s growth. The increase in DII participation is a positive signal, highlighting institutional confidence in HFCL’s potential, despite the recent volatility in financial performance.
Outlook, Risks, and Final Insight
Looking ahead, HFCL faces several challenges and opportunities. The telecom equipment market is poised for growth with the ongoing rollout of 5G technology, presenting potential revenue streams. However, the company must navigate operational inefficiencies and high valuation metrics that could deter investment. Risks include increased competition, reliance on external financing, and potential supply chain disruptions. If HFCL can improve its operational efficiency and capitalize on market opportunities, it may enhance profitability. Conversely, failure to address these challenges could lead to further declines in financial performance. In conclusion, HFCL’s current positioning requires strategic focus on cost management and innovation to leverage the growing telecom market while mitigating inherent risks.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of HFCL Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Munoth Communication Ltd | 9.51 Cr. | 9.85 | 21.1/8.47 | 14.9 | 0.00 % | 1.61 % | 4.27 % | 10.0 | |
| Indus Towers Ltd | 1,03,106 Cr. | 383 | 430/313 | 11.0 | 134 | 0.00 % | 29.0 % | 32.5 % | 10.0 |
| Avantel Ltd | 4,481 Cr. | 169 | 215/90.3 | 115 | 12.7 | 0.12 % | 37.0 % | 28.6 % | 2.00 |
| ADC India Communications Ltd | 708 Cr. | 1,539 | 2,090/901 | 31.5 | 152 | 1.95 % | 46.6 % | 34.7 % | 10.0 |
| Shyam Telecom Ltd | 15.3 Cr. | 13.0 | 35.0/11.4 | 24.9 | 0.00 % | % | % | 10.0 | |
| Industry Average | 16,015.90 Cr | 347.38 | 159.73 | 46.79 | 0.19% | 16.26% | 16.24% | 8.17 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,051 | 1,173 | 1,086 | 1,433 | 995 | 1,111 | 1,032 | 1,326 | 1,158 | 1,094 | 1,012 | 801 | 871 |
| Expenses | 935 | 995 | 917 | 1,279 | 849 | 979 | 916 | 1,130 | 984 | 935 | 860 | 838 | 843 |
| Operating Profit | 116 | 179 | 169 | 154 | 146 | 133 | 117 | 196 | 175 | 158 | 152 | -37 | 28 |
| OPM % | 11% | 15% | 16% | 11% | 15% | 12% | 11% | 15% | 15% | 14% | 15% | -5% | 3% |
| Other Income | 13 | -4 | 25 | 14 | 13 | 18 | 47 | 14 | 10 | 15 | 21 | 14 | 15 |
| Interest | 38 | 39 | 37 | 38 | 36 | 35 | 37 | 40 | 42 | 45 | 47 | 51 | 56 |
| Depreciation | 20 | 21 | 20 | 21 | 21 | 21 | 19 | 20 | 24 | 25 | 26 | 30 | 32 |
| Profit before tax | 71 | 114 | 137 | 109 | 103 | 94 | 108 | 149 | 119 | 102 | 100 | -105 | -45 |
| Tax % | 25% | 26% | 26% | 28% | 26% | 25% | 24% | 27% | 7% | 28% | 28% | -21% | -34% |
| Net Profit | 53 | 84 | 102 | 79 | 76 | 70 | 82 | 109 | 111 | 73 | 73 | -83 | -29 |
| EPS in Rs | 0.37 | 0.59 | 0.70 | 0.52 | 0.49 | 0.49 | 0.58 | 0.76 | 0.77 | 0.51 | 0.51 | -0.56 | -0.22 |
Last Updated: August 1, 2025, 8:05 pm
Below is a detailed analysis of the quarterly data for HFCL Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 871.00 Cr.. The value appears strong and on an upward trend. It has increased from 801.00 Cr. (Mar 2025) to 871.00 Cr., marking an increase of 70.00 Cr..
- For Expenses, as of Jun 2025, the value is 843.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 838.00 Cr. (Mar 2025) to 843.00 Cr., marking an increase of 5.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 28.00 Cr.. The value appears strong and on an upward trend. It has increased from -37.00 Cr. (Mar 2025) to 28.00 Cr., marking an increase of 65.00 Cr..
- For OPM %, as of Jun 2025, the value is 3.00%. The value appears strong and on an upward trend. It has increased from -5.00% (Mar 2025) to 3.00%, marking an increase of 8.00%.
- For Other Income, as of Jun 2025, the value is 15.00 Cr.. The value appears strong and on an upward trend. It has increased from 14.00 Cr. (Mar 2025) to 15.00 Cr., marking an increase of 1.00 Cr..
- For Interest, as of Jun 2025, the value is 56.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 51.00 Cr. (Mar 2025) to 56.00 Cr., marking an increase of 5.00 Cr..
- For Depreciation, as of Jun 2025, the value is 32.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 30.00 Cr. (Mar 2025) to 32.00 Cr., marking an increase of 2.00 Cr..
- For Profit before tax, as of Jun 2025, the value is -45.00 Cr.. The value appears strong and on an upward trend. It has increased from -105.00 Cr. (Mar 2025) to -45.00 Cr., marking an increase of 60.00 Cr..
- For Tax %, as of Jun 2025, the value is -34.00%. The value appears to be improving (decreasing) as expected. It has decreased from -21.00% (Mar 2025) to -34.00%, marking a decrease of 13.00%.
- For Net Profit, as of Jun 2025, the value is -29.00 Cr.. The value appears strong and on an upward trend. It has increased from -83.00 Cr. (Mar 2025) to -29.00 Cr., marking an increase of 54.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is -0.22. The value appears strong and on an upward trend. It has increased from -0.56 (Mar 2025) to -0.22, marking an increase of 0.34.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 5:13 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,019 | 2,553 | 2,872 | 2,131 | 3,227 | 4,738 | 3,839 | 4,423 | 4,727 | 4,743 | 4,465 | 4,065 | 3,777 |
| Expenses | 1,864 | 2,272 | 2,600 | 1,944 | 2,944 | 4,320 | 3,346 | 3,873 | 4,077 | 4,125 | 3,884 | 3,616 | 3,476 |
| Operating Profit | 156 | 281 | 273 | 187 | 283 | 418 | 493 | 550 | 650 | 619 | 582 | 449 | 301 |
| OPM % | 8% | 11% | 10% | 9% | 9% | 9% | 13% | 12% | 14% | 13% | 13% | 11% | 8% |
| Other Income | 385 | 110 | -29 | 21 | 24 | 40 | 22 | 31 | 37 | 47 | 102 | 58 | 64 |
| Interest | 44 | 44 | 62 | 62 | 64 | 92 | 115 | 175 | 166 | 152 | 147 | 185 | 198 |
| Depreciation | 20 | 34 | 26 | 22 | 23 | 27 | 42 | 69 | 78 | 83 | 82 | 106 | 114 |
| Profit before tax | 476 | 312 | 156 | 124 | 220 | 339 | 358 | 337 | 442 | 431 | 454 | 217 | 53 |
| Tax % | 1% | 0% | 0% | 0% | 22% | 32% | 34% | 27% | 26% | 26% | 26% | 20% | |
| Net Profit | 475 | 324 | 156 | 124 | 172 | 232 | 237 | 246 | 326 | 318 | 338 | 173 | 33 |
| EPS in Rs | 3.83 | 2.61 | 1.26 | 0.99 | 1.35 | 1.73 | 1.77 | 1.86 | 2.27 | 2.18 | 2.29 | 1.23 | 0.24 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 4% | 6% | 0% | 8% | 8% | 9% | 9% | 8% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -31.79% | -51.85% | -20.51% | 38.71% | 34.88% | 2.16% | 3.80% | 32.52% | -2.45% | 6.29% | -48.82% |
| Change in YoY Net Profit Growth (%) | 0.00% | -20.06% | 31.34% | 59.22% | -3.83% | -32.73% | 1.64% | 28.72% | -34.97% | 8.74% | -55.11% |
HFCL Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 1% |
| 3 Years: | -5% |
| TTM: | -18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | -5% |
| 3 Years: | -18% |
| TTM: | -91% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 34% |
| 3 Years: | -3% |
| 1 Year: | -56% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 9% |
| 3 Years: | 8% |
| Last Year: | 4% |
Last Updated: September 5, 2025, 6:05 am
Balance Sheet
Last Updated: October 10, 2025, 2:10 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 124 | 124 | 124 | 124 | 124 | 127 | 128 | 128 | 137 | 138 | 144 | 144 |
| Reserves | 430 | 753 | 716 | 840 | 1,055 | 1,314 | 1,540 | 1,788 | 2,661 | 2,970 | 3,812 | 3,935 |
| Borrowings | 401 | 398 | 544 | 539 | 469 | 590 | 734 | 942 | 783 | 936 | 991 | 1,522 |
| Other Liabilities | 717 | 572 | 791 | 773 | 941 | 1,262 | 1,427 | 2,358 | 1,590 | 1,429 | 1,540 | 1,945 |
| Total Liabilities | 1,672 | 1,847 | 2,175 | 2,275 | 2,588 | 3,294 | 3,829 | 5,216 | 5,171 | 5,473 | 6,487 | 7,546 |
| Fixed Assets | 230 | 199 | 175 | 188 | 196 | 238 | 504 | 508 | 528 | 548 | 652 | 852 |
| CWIP | 1 | 4 | 1 | 2 | 10 | 86 | 34 | 36 | 108 | 268 | 469 | 602 |
| Investments | 313 | 272 | 57 | 50 | 55 | 60 | 58 | 41 | 55 | 70 | 194 | 158 |
| Other Assets | 1,128 | 1,373 | 1,943 | 2,035 | 2,327 | 2,911 | 3,233 | 4,631 | 4,480 | 4,586 | 5,172 | 5,935 |
| Total Assets | 1,672 | 1,847 | 2,175 | 2,275 | 2,588 | 3,294 | 3,829 | 5,216 | 5,171 | 5,473 | 6,487 | 7,546 |
Below is a detailed analysis of the balance sheet data for HFCL Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 144.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 144.00 Cr..
- For Reserves, as of Mar 2025, the value is 3,935.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,812.00 Cr. (Mar 2024) to 3,935.00 Cr., marking an increase of 123.00 Cr..
- For Borrowings, as of Mar 2025, the value is 1,522.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 991.00 Cr. (Mar 2024) to 1,522.00 Cr., marking an increase of 531.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 1,945.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,540.00 Cr. (Mar 2024) to 1,945.00 Cr., marking an increase of 405.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 7,546.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6,487.00 Cr. (Mar 2024) to 7,546.00 Cr., marking an increase of 1,059.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 852.00 Cr.. The value appears strong and on an upward trend. It has increased from 652.00 Cr. (Mar 2024) to 852.00 Cr., marking an increase of 200.00 Cr..
- For CWIP, as of Mar 2025, the value is 602.00 Cr.. The value appears strong and on an upward trend. It has increased from 469.00 Cr. (Mar 2024) to 602.00 Cr., marking an increase of 133.00 Cr..
- For Investments, as of Mar 2025, the value is 158.00 Cr.. The value appears to be declining and may need further review. It has decreased from 194.00 Cr. (Mar 2024) to 158.00 Cr., marking a decrease of 36.00 Cr..
- For Other Assets, as of Mar 2025, the value is 5,935.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,172.00 Cr. (Mar 2024) to 5,935.00 Cr., marking an increase of 763.00 Cr..
- For Total Assets, as of Mar 2025, the value is 7,546.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,487.00 Cr. (Mar 2024) to 7,546.00 Cr., marking an increase of 1,059.00 Cr..
Notably, the Reserves (3,935.00 Cr.) exceed the Borrowings (1,522.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -245.00 | -117.00 | -271.00 | -352.00 | -186.00 | -172.00 | -241.00 | -392.00 | -133.00 | -317.00 | -409.00 | 448.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 51 | 52 | 141 | 202 | 134 | 113 | 153 | 215 | 146 | 145 | 181 | 170 |
| Inventory Days | 375 | 259 | 192 | 140 | 56 | 41 | 96 | 65 | 98 | 113 | 135 | 145 |
| Days Payable | 679 | 320 | 307 | 260 | 148 | 134 | 227 | 262 | 173 | 131 | 141 | 174 |
| Cash Conversion Cycle | -252 | -9 | 26 | 81 | 42 | 20 | 22 | 18 | 72 | 127 | 175 | 141 |
| Working Capital Days | 28 | 75 | 112 | 134 | 84 | 62 | 91 | 70 | 85 | 124 | 163 | 179 |
| ROCE % | 33% | 36% | 24% | 13% | 18% | 24% | 21% | 20% | 19% | 15% | 13% | 8% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Quant Small Cap Fund | 25,945,780 | 1.78 | 169.17 | 25,945,780 | 2025-04-22 17:25:33 | 0% |
| Quant Active Fund | 21,864,051 | 2.35 | 142.55 | 21,864,051 | 2025-04-22 17:25:33 | 0% |
| Quant Value Fund | 5,331,724 | 4.53 | 34.76 | 5,331,724 | 2025-04-22 17:25:33 | 0% |
| Quant Business Cycle Fund | 3,043,478 | 3.09 | 19.84 | 3,043,478 | 2025-04-22 17:25:33 | 0% |
| Quant Teck Fund | 2,277,609 | 7.9 | 14.85 | 2,277,609 | 2025-04-22 17:25:33 | 0% |
| Nippon India Nifty Smallcap 250 Index Fund | 535,403 | 0.49 | 3.49 | 535,403 | 2025-04-22 17:25:33 | 0% |
| Motilal Oswal Nifty Smallcap 250 Index Fund | 336,150 | 0.48 | 2.19 | 336,150 | 2025-04-22 17:25:33 | 0% |
| Axis Nifty Smallcap 50 Index Fund | 248,651 | 1.5 | 1.62 | 248,651 | 2025-04-22 17:25:33 | 0% |
| SBI Nifty Smallcap 250 Index Fund | 246,703 | 0.48 | 1.61 | 246,703 | 2025-04-22 17:25:33 | 0% |
| Aditya Birla Sun Life Nifty Smallcap 50 Index Fund | 234,006 | 1.52 | 1.53 | 234,006 | 2025-04-22 17:25:33 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Basic EPS (Rs.) | 1.23 | 2.33 | 2.18 | 2.38 | 1.86 |
| Diluted EPS (Rs.) | 1.23 | 2.33 | 2.18 | 2.38 | 1.86 |
| Cash EPS (Rs.) | 1.93 | 2.90 | 2.91 | 2.94 | 2.45 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 28.29 | 27.77 | 22.83 | 20.50 | 14.98 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 28.29 | 27.77 | 22.83 | 20.50 | 14.98 |
| Revenue From Operations / Share (Rs.) | 28.18 | 31.01 | 34.46 | 34.38 | 34.44 |
| PBDIT / Share (Rs.) | 3.51 | 4.74 | 4.84 | 5.04 | 4.56 |
| PBIT / Share (Rs.) | 2.78 | 4.17 | 4.23 | 4.47 | 4.03 |
| PBT / Share (Rs.) | 1.50 | 3.15 | 3.13 | 3.21 | 2.62 |
| Net Profit / Share (Rs.) | 1.20 | 2.34 | 2.31 | 2.37 | 1.92 |
| NP After MI And SOA / Share (Rs.) | 1.23 | 2.29 | 2.19 | 2.28 | 1.86 |
| PBDIT Margin (%) | 12.46 | 15.27 | 14.03 | 14.65 | 13.24 |
| PBIT Margin (%) | 9.87 | 13.44 | 12.28 | 13.00 | 11.69 |
| PBT Margin (%) | 5.31 | 10.14 | 9.08 | 9.34 | 7.61 |
| Net Profit Margin (%) | 4.25 | 7.53 | 6.69 | 6.89 | 5.56 |
| NP After MI And SOA Margin (%) | 4.36 | 7.38 | 6.34 | 6.62 | 5.40 |
| Return on Networth / Equity (%) | 4.34 | 8.33 | 9.69 | 11.18 | 12.47 |
| Return on Capital Employeed (%) | 8.61 | 13.95 | 17.50 | 20.53 | 23.19 |
| Return On Assets (%) | 2.35 | 5.08 | 5.49 | 6.05 | 4.58 |
| Long Term Debt / Equity (X) | 0.09 | 0.04 | 0.03 | 0.04 | 0.14 |
| Total Debt / Equity (X) | 0.32 | 0.24 | 0.24 | 0.26 | 0.44 |
| Asset Turnover Ratio (%) | 0.57 | 0.74 | 0.89 | 0.85 | 0.93 |
| Current Ratio (X) | 1.86 | 2.08 | 1.91 | 1.75 | 1.39 |
| Quick Ratio (X) | 1.55 | 1.72 | 1.55 | 1.49 | 1.24 |
| Inventory Turnover Ratio (X) | 4.86 | 1.04 | 1.47 | 1.84 | 1.51 |
| Dividend Payout Ratio (NP) (%) | 16.26 | 8.66 | 8.24 | 6.17 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 10.19 | 6.94 | 6.45 | 4.94 | 0.00 |
| Earning Retention Ratio (%) | 83.74 | 91.34 | 91.76 | 93.83 | 0.00 |
| Cash Earning Retention Ratio (%) | 89.81 | 93.06 | 93.55 | 95.06 | 0.00 |
| Interest Coverage Ratio (X) | 2.74 | 4.63 | 4.38 | 4.16 | 3.33 |
| Interest Coverage Ratio (Post Tax) (X) | 1.93 | 3.29 | 3.09 | 3.00 | 2.42 |
| Enterprise Value (Cr.) | 12285.38 | 13919.72 | 8859.74 | 11041.97 | 3794.40 |
| EV / Net Operating Revenue (X) | 3.02 | 3.12 | 1.87 | 2.34 | 0.85 |
| EV / EBITDA (X) | 24.24 | 20.41 | 13.31 | 15.93 | 6.48 |
| MarketCap / Net Operating Revenue (X) | 2.80 | 2.96 | 1.77 | 2.29 | 0.73 |
| Retention Ratios (%) | 83.73 | 91.33 | 91.75 | 93.82 | 0.00 |
| Price / BV (X) | 2.79 | 3.35 | 2.70 | 3.87 | 1.69 |
| Price / Net Operating Revenue (X) | 2.80 | 2.96 | 1.77 | 2.29 | 0.73 |
| EarningsYield | 0.01 | 0.02 | 0.03 | 0.02 | 0.07 |
After reviewing the key financial ratios for HFCL Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 1.23. This value is below the healthy minimum of 5. It has decreased from 2.33 (Mar 24) to 1.23, marking a decrease of 1.10.
- For Diluted EPS (Rs.), as of Mar 25, the value is 1.23. This value is below the healthy minimum of 5. It has decreased from 2.33 (Mar 24) to 1.23, marking a decrease of 1.10.
- For Cash EPS (Rs.), as of Mar 25, the value is 1.93. This value is below the healthy minimum of 3. It has decreased from 2.90 (Mar 24) to 1.93, marking a decrease of 0.97.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 28.29. It has increased from 27.77 (Mar 24) to 28.29, marking an increase of 0.52.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 28.29. It has increased from 27.77 (Mar 24) to 28.29, marking an increase of 0.52.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 28.18. It has decreased from 31.01 (Mar 24) to 28.18, marking a decrease of 2.83.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 3.51. This value is within the healthy range. It has decreased from 4.74 (Mar 24) to 3.51, marking a decrease of 1.23.
- For PBIT / Share (Rs.), as of Mar 25, the value is 2.78. This value is within the healthy range. It has decreased from 4.17 (Mar 24) to 2.78, marking a decrease of 1.39.
- For PBT / Share (Rs.), as of Mar 25, the value is 1.50. This value is within the healthy range. It has decreased from 3.15 (Mar 24) to 1.50, marking a decrease of 1.65.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 1.20. This value is below the healthy minimum of 2. It has decreased from 2.34 (Mar 24) to 1.20, marking a decrease of 1.14.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 1.23. This value is below the healthy minimum of 2. It has decreased from 2.29 (Mar 24) to 1.23, marking a decrease of 1.06.
- For PBDIT Margin (%), as of Mar 25, the value is 12.46. This value is within the healthy range. It has decreased from 15.27 (Mar 24) to 12.46, marking a decrease of 2.81.
- For PBIT Margin (%), as of Mar 25, the value is 9.87. This value is below the healthy minimum of 10. It has decreased from 13.44 (Mar 24) to 9.87, marking a decrease of 3.57.
- For PBT Margin (%), as of Mar 25, the value is 5.31. This value is below the healthy minimum of 10. It has decreased from 10.14 (Mar 24) to 5.31, marking a decrease of 4.83.
- For Net Profit Margin (%), as of Mar 25, the value is 4.25. This value is below the healthy minimum of 5. It has decreased from 7.53 (Mar 24) to 4.25, marking a decrease of 3.28.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 4.36. This value is below the healthy minimum of 8. It has decreased from 7.38 (Mar 24) to 4.36, marking a decrease of 3.02.
- For Return on Networth / Equity (%), as of Mar 25, the value is 4.34. This value is below the healthy minimum of 15. It has decreased from 8.33 (Mar 24) to 4.34, marking a decrease of 3.99.
- For Return on Capital Employeed (%), as of Mar 25, the value is 8.61. This value is below the healthy minimum of 10. It has decreased from 13.95 (Mar 24) to 8.61, marking a decrease of 5.34.
- For Return On Assets (%), as of Mar 25, the value is 2.35. This value is below the healthy minimum of 5. It has decreased from 5.08 (Mar 24) to 2.35, marking a decrease of 2.73.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.09. This value is below the healthy minimum of 0.2. It has increased from 0.04 (Mar 24) to 0.09, marking an increase of 0.05.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.32. This value is within the healthy range. It has increased from 0.24 (Mar 24) to 0.32, marking an increase of 0.08.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.57. It has decreased from 0.74 (Mar 24) to 0.57, marking a decrease of 0.17.
- For Current Ratio (X), as of Mar 25, the value is 1.86. This value is within the healthy range. It has decreased from 2.08 (Mar 24) to 1.86, marking a decrease of 0.22.
- For Quick Ratio (X), as of Mar 25, the value is 1.55. This value is within the healthy range. It has decreased from 1.72 (Mar 24) to 1.55, marking a decrease of 0.17.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 4.86. This value is within the healthy range. It has increased from 1.04 (Mar 24) to 4.86, marking an increase of 3.82.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 16.26. This value is below the healthy minimum of 20. It has increased from 8.66 (Mar 24) to 16.26, marking an increase of 7.60.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 10.19. This value is below the healthy minimum of 20. It has increased from 6.94 (Mar 24) to 10.19, marking an increase of 3.25.
- For Earning Retention Ratio (%), as of Mar 25, the value is 83.74. This value exceeds the healthy maximum of 70. It has decreased from 91.34 (Mar 24) to 83.74, marking a decrease of 7.60.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 89.81. This value exceeds the healthy maximum of 70. It has decreased from 93.06 (Mar 24) to 89.81, marking a decrease of 3.25.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 2.74. This value is below the healthy minimum of 3. It has decreased from 4.63 (Mar 24) to 2.74, marking a decrease of 1.89.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 1.93. This value is below the healthy minimum of 3. It has decreased from 3.29 (Mar 24) to 1.93, marking a decrease of 1.36.
- For Enterprise Value (Cr.), as of Mar 25, the value is 12,285.38. It has decreased from 13,919.72 (Mar 24) to 12,285.38, marking a decrease of 1,634.34.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 3.02. This value exceeds the healthy maximum of 3. It has decreased from 3.12 (Mar 24) to 3.02, marking a decrease of 0.10.
- For EV / EBITDA (X), as of Mar 25, the value is 24.24. This value exceeds the healthy maximum of 15. It has increased from 20.41 (Mar 24) to 24.24, marking an increase of 3.83.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.80. This value is within the healthy range. It has decreased from 2.96 (Mar 24) to 2.80, marking a decrease of 0.16.
- For Retention Ratios (%), as of Mar 25, the value is 83.73. This value exceeds the healthy maximum of 70. It has decreased from 91.33 (Mar 24) to 83.73, marking a decrease of 7.60.
- For Price / BV (X), as of Mar 25, the value is 2.79. This value is within the healthy range. It has decreased from 3.35 (Mar 24) to 2.79, marking a decrease of 0.56.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.80. This value is within the healthy range. It has decreased from 2.96 (Mar 24) to 2.80, marking a decrease of 0.16.
- For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.02 (Mar 24) to 0.01, marking a decrease of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in HFCL Ltd:
- Net Profit Margin: 4.25%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 8.61% (Industry Average ROCE: 16.26%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 4.34% (Industry Average ROE: 16.24%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 1.93
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.55
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 402 (Industry average Stock P/E: 159.73)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.32
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 4.25%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Telecom Equipment | 8, Electronics Complex, Solan Himachal Pradesh 173213 | investor@hfcl.com http://www.hfcl.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Mahendra Nahata | Managing Director |
| Dr. Ranjeet Mal Kastia | Non Executive Director |
| Mr. Arvind Kharabanda | Non Executive Director |
| Mr. Ajai Kumar | Independent Director |
| Mr. Bharat Pal Singh | Independent Director |
| Mrs. Bela Banerjee | Independent Director |
FAQ
What is the intrinsic value of HFCL Ltd?
HFCL Ltd's intrinsic value (as of 03 November 2025) is 407.07 which is 425.25% higher the current market price of 77.50, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 11,181 Cr. market cap, FY2025-2026 high/low of 136/68.6, reserves of ₹3,935 Cr, and liabilities of 7,546 Cr.
What is the Market Cap of HFCL Ltd?
The Market Cap of HFCL Ltd is 11,181 Cr..
What is the current Stock Price of HFCL Ltd as on 03 November 2025?
The current stock price of HFCL Ltd as on 03 November 2025 is 77.5.
What is the High / Low of HFCL Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of HFCL Ltd stocks is 136/68.6.
What is the Stock P/E of HFCL Ltd?
The Stock P/E of HFCL Ltd is 402.
What is the Book Value of HFCL Ltd?
The Book Value of HFCL Ltd is 28.6.
What is the Dividend Yield of HFCL Ltd?
The Dividend Yield of HFCL Ltd is 0.13 %.
What is the ROCE of HFCL Ltd?
The ROCE of HFCL Ltd is 7.55 %.
What is the ROE of HFCL Ltd?
The ROE of HFCL Ltd is 4.42 %.
What is the Face Value of HFCL Ltd?
The Face Value of HFCL Ltd is 1.00.