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HFCL Limited

HFCL Limited

NSE: HFCL
Communication EquipmentTechnologyLARGE CAPMCap ₹39.18k Cr
₹256.01₹12.19 (+5.00%)

Market Closed • NSE

Market cap₹39.18k Cr
Enterprise value₹38.85k Cr
P/E TTM66.67
Forward P/E32.00
P/B7.72
EPS TTM₹3.84
Forward EPS₹8.00
ROCE10.80%
D/E0.38
Dividend yield0.00%
Face value₹1.00
52W high₹275.91
52W low₹59.82
Price chart(1Y)
1Y Return:+48.96% (+₹84.15)
H: ₹275.91L: ₹169.01
1W-3.57%
1M+22.23%
3M+17.45%
6M+161.90%
1Y+239.27%
Today at a glance

Day range

₹238.00₹256.01

52 week range

₹59.82₹275.91
Volume8.41M1.20x 20D avg
Free float50.00%+20.40% volume

HFCL Limited closed at INR256.01 (+5%) on volume 1.2x its 20-day average, trading 7.21% below its 52-week high.

Technical analysis
RSI (14)57.3Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹12.56High
SMA 20₹238.28BULLISH
SMA 50₹233.17BULLISH
SMA 100₹217.33BULLISH
SMA 200₹152.96BULLISH
CPR bottom₹246.76
Pivot₹245.78
CPR top₹244.80
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +33.7% QoQ

2026-09-22

DIVIDEND Announced

Dividend - Re 0.20 Per Share

2025-09-08

DIVIDEND Announced

Dividend - Re 0.10 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹1.90k Cr₹39.18k Cr4.84%≤ 33%PASS
Non-halal income ratio–₹4.95k Cr0.00%≤ 5%PASS
Illiquid assets ratio–₹8.87k Cr—≥ 20%PASS
Receivables ratio–₹8.87k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E66.6723.00
Forward P/E32.00—
P/B7.723.80
EV/EBITDA50.9018.00
PEG—2.20
Earnings yield1.504.30
Growth & profitability
RevenuePAT
FY24PAT margin 7.60%
FY25PAT margin 4.30%
FY26PAT margin 6.30%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+6.80%
Revenue CAGR 5Y+2.10%
PAT CAGR 3Y+22.90%
PAT CAGR 5Y-0.50%
Operating margin18.95%
Net margin9.55%
Financial health & cash flow
Net debt₹1.90k CrModerate
Interest coverage3.20xEBIT / interest
CFO / PAT-1.18x3Y average
Net debt / EBITDA2.48xLeverage
Operating cash flow₹-37800.0 Lakh
Capital expenditure–
Free cash flow₹-37800.0 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall65/100
Valuation35/100
Profitability65/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.38x

Risks

Stretched Valuation: Trading at a high P/E multiple of 66.7x

Bull case

Market Leadership: Established operational scale in Communication Equipment.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
15.65%Institutional holding
56.02%Public holding
5Periods available
0.00%Promoter pledged
8.04LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
22 Sept 2026Dividend₹0.20 / share—22 Sept 2026
09 Sept 2025Dividend₹0.10 / share—08 Sept 2025
—Dividend₹0.20 / share—23 Sept 2024
—Dividend₹0.20 / share—22 Sept 2023
—Dividend₹0.18 / share—22 Sept 2022
—Dividend₹0.15 / share—22 Sept 2021
—Annual General MeetingAnnual General Meeting—18 Sept 2020
—Dividend₹0.10 / share—19 Sept 2019
—Dividend₹0.06 / share—19 Sept 2018
—Annual General MeetinAnnual General Meetin—15 Sept 2017
—Annual General MeetingAnnual General Meeting—21 Sept 2016
—Annual General MeetingAnnual General Meeting—22 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 6 sessions

Average delivery (6D)41.60%+6.07% latest vs average
Highest delivery53.56%on 01 Sept
Average volume (6D)15.44MTrading-session average
Conviction trendStrengthening+6.07% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹8.92L17.282.04%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.70L15.824.50%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.73L20.423.53%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.82L14.494.60%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.59L28.773.09%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.30L24.901.77%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.17L63.960.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.08L169.180.00%₹2,264.00₹184.00+18.41%+134.07%
About HFCL Limited
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]

IndiaTechnology

Questions investors ask
Is HFCL Limited Shariah compliant?

HFCL Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (4.84%) complies with AAOIFI threshold (≤ 33%).

What is HFCL Limited's current valuation relative to peers?

HFCL Limited trades at a P/E of 66.7x compared to the sector median of 23x, and a Price-to-Book of 7.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.38x and a Net Debt to EBITDA ratio of 2.48x. Interest coverage is 3.2x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 2.1% while net profit growth averaged -0.5%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.