HFCL - HFCL LIMITED Share Price

Telecom - Services

₹82.20+1.05(+1.29%)

Market Open as of Apr 28, 2025, 12:30 IST

What does HFCL LIMITED do?

Telecom - Infrastructure•Telecommunication•Small Cap

HFCL Limited manufactures and sells telecom products in India and internationally. It operates in Telecom Products; and Turnkey Contracts and Services segments. The company offers optical fiber cables, such as underground, aerial, microduct, FTTH, and micromodule cables; telecom products and solutions, which includes unlicensed band backhaul radios, Wi-Fi access points, routers, managed switches, antennas, network management solutions, and 5g product portfolio; defence product portfolio comprising electronic fuzes, electro optics, high capacity radio relay, software defined radios, and ground surveillance radars; and passive networking components includes high density cabinets, joint closures, optical splitters, aerial cable accessories, fiber optic cable assemblies, and copper cable assemblies. It provides network solutions for public telecommunications, defence and railway communications, and system integration services. The company has a collaboration agreement with Qualcomm Technologies, Inc. for developing 5G RAN and access products. The company was formerly known as Himachal Futuristic Communications Limited and changed its name to HFCL Limited in October 2019. HFCL Limited was incorporated in 1987 and is based in New Delhi, India.

Industry Group:Telecom - Services

Employees:2,114

Website:www.hfcl.com

Summary of Latest Earnings Report from HFCL

Summary of HFCL's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

Outlook by Management:
HFCL's management remains optimistic about growth driven by 5G expansion, BharatNet Phase III, rural connectivity initiatives, data centers, and defense diversification. Key highlights:

Industry Growth: Global telecom market projected to reach $4.21T by 2034 (CAGR: 6.15%). India's 5G subscribers expected to hit 350M by FY26.
Order Wins: Secured Rs.4,650+ Cr orders under BharatNet Phase III (Punjab, UP circles). Total order book at Rs.10,410 Cr (vs. Rs.6,151 Cr last quarter).
Exports: Exempt from EU anti-dumping duties; leveraging India facilities for European demand, saving Rs.175 Cr CAPEX. Targeting significant export revenue growth.
Defense Expansion: Advanced trials for defense products; new Hosur facility operational. Orders include fiber cables for naval/missile systems.
Product Mix: Telecom products now 58% of revenue (vs. 35% YoY). Target: 70% products, 30% EPC.
Margins: Stable EBITDA margin at 16.99% (Q3 FY25). Expect margin improvement with higher OFC/data center demand.
Catalysts: BharatNet's rural focus, govt. initiatives (schools/health centers), and data center-driven OFC demand.
Challenges: OFC pricing pressures (realization down to Rs.840/km); gradual recovery expected with BharatNet execution.

Major Points:

BharatNet Phase III: Key driver for OFC/equipment demand; potential orders in remaining 13 circles.
Defense: Orders underway (e.g., Rs.43 Cr tactical cable); trials for radars, thermal sights, and fuses.
5G/UBR: 2 lakh 5G CPEs supplied; 350,000+ UBR deployments.
Capacity: Expanding IBR cable capacity for data centers.
Financials: Revenue at Rs.1,012 Cr (Q3 FY25), PAT at Rs.72.6 Cr.

Growth Areas: Rural broadband, defense, exports, and high-margin telecom products.

Q&A Session

Last updated: Feb 25

Question 1:
"My first question would be, I just wanted to confirm that we got the order from BharatNet in January, right? And we had order book of INR 10,000 crores as of December. So, that is excluding the BharatNet orders. So, if I include that, it is much more than that, right? Is that understanding correct?"
Answer:
The current order book of INR 10,410 crores includes all BharatNet orders (e.g., Rs.2,501 crores for Punjab and Rs.2,167 crores for UP circles). Balance BharatNet orders from 13 circles are under negotiation, with potential for further supply of fiber, OFC, and telecom equipment.

Question 2:
"Can you share the percentage of HFCL for the order that has been received in consortium?"
Answer:
The INR 2,167 crores order from Rail Vikas Nigam Limited is entirely HFCL's share (100%). The consortium order (Rs.13,000 crores) was separate, but HFCL independently secured advance purchase orders for BharatNet.

Question 3:
"Can you give us a split of OFC, Equipment, and Telecom Product segment revenue?"
Answer:
In Q3 FY25, 58% of revenue came from telecom products (50% OFC, 50% equipment) and 42% from turnkey projects. Telecom product revenue grew due to BharatNet equipment demand.

Question 4:
"How is the OFC market outlook, and when will normalization reflect in P&L?"
Answer:
OFC demand is gradually recovering, driven by BharatNet Phase-III execution, data center expansion, and global rural connectivity. Margins improved due to lower fiber costs (INR 266/km vs. INR 329/km YoY). Growth is expected from Q4 FY25, with a 15% sequential rise anticipated.

Question 5:
"What are the implications of the Union Budget's focus on rural broadband for HFCL?"
Answer:
The Budget's push to connect schools and healthcare centers will increase demand for HFCL's UBRs, WiFi, and OFC. This aligns with BharatNet's expansion, positioning HFCL to capture market share in rural broadband infrastructure.

Question 6:
"How will U.S. tariffs on China impact HFCL's exports?"
Answer:
U.S. restrictions on Chinese imports do not directly affect HFCL, as the U.S. already limits Chinese telecom imports. HFCL's exemption from EU anti-dumping duties strengthens its export competitiveness in Europe.

Question 7:
"What is the growth outlook for HFCL's defense segment?"
Answer:
Defense orders (e.g., Rs.43 crores for tactical OFC, naval cables) are in advanced trial stages. Delays in testing (e.g., ammunition supply) slowed execution, but revenue is expected from FY26. A Hosur manufacturing facility supports diversification.

Question 8:
"Why is PLI incentive realization delayed?"
Answer:
PLI claims (estimated Rs.40"“50 crores annually) were deferred due to lower telecom product revenue in FY25. Claims will commence in FY26 with improved equipment sales.

Question 9:
"What explains the lower margins in telecom products despite higher revenue share?"
Answer:
Lower OFC capacity utilization (~50%) and price declines impacted margins. Margins will improve as utilization rises with BharatNet execution and export orders. Turnkey projects contributed to higher EBITDA (16.99% in Q3).

Question 10:
"What is the execution timeline for the Rs.10,410 crore order book?"
Answer:
BharatNet orders have a 3-year execution window, with efforts to expedite. Telecom product orders (raders, UBRs) will drive near-term revenue. Export orders and defense contracts will scale from FY26.

Question 11:
"What is HFCL's OFC market share in India?"
Answer:
HFCL holds the largest OFC market share domestically, with ~90% share in point-to-point UBRs. Internationally, LOIs for multi-year OFC contracts indicate growing traction.

Question 12:
"Will HFCL's product mix shift to 70% products and 30% EPC?"
Answer:
Yes, targeting a 70:30 product-EPC mix long-term. Current ratio is 58:42. Profitable turnkey projects will still be pursued opportunistically.

Question 13:
"How will data center demand impact OFC growth?"
Answer:
Data centers require high-capacity IBR cables, for which HFCL is expanding capacity. Orders are expected to accelerate in FY26, driven by global hyperscale data center interconnections.

Question 14:
"What is the outlook for 5G equipment and RAN products?"
Answer:
5G Fixed Wireless Access (FWA) orders (Rs.623 crores) are under delivery. HFCL focuses on indigenously designed 5G/4G radios and routers, avoiding legacy 4G RAN. Export demand for rural connectivity gear is rising.

Question 15:
"Why were gross margins higher in Q3?"
Answer:
Improved product mix (higher-margin telecom equipment) and turnkey project phasing boosted margins. Average gross margins are ~15"“16%, subject to contract-specific variations.

Income Statement for HFCL

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	-5.9%	4,465	4,743	4,727	4,423	3,839	4,738
Other Income	117.4%	101	47	43	36	22	47
Total Income	-4.7%	4,566	4,790	4,770	4,459	3,861	4,785
Cost of Materials	-4.2%	1,932	2,017	2,336	1,617	2,147	2,529
Purchases of stock-in-trade	-11.1%	1,391	1,564	1,244	1,778	882	1,417
Employee Expense	0.9%	351	348	311	253	224	200
Finance costs	-3.3%	147	152	166	176	115	92
Depreciation and Amortization	-1.2%	82	83	78	69	42	27
Other expenses	5.1%	313	298	268	217	186	189
Total Expenses	-5.7%	4,113	4,360	4,322	4,118	3,502	4,445
Profit Before exceptional items and Tax	5.1%	453	431	448	341	359	339
Exceptional items before tax	-	0	0	-6.38	-4.13	0	0
Total profit before tax	5.1%	453	431	442	337	359	339
Current tax	-14.1%	68	79	114	86	54	65
Deferred tax	45.5%	49	34	1.75	4.49	67	42
Total tax	2.7%	116	113	116	91	121	107
Total profit (loss) for period	6.3%	338	318	326	246	237	232
Other comp. income net of taxes	23354.5%	130	1.55	1.71	4.96	0.97	4.53
Total Comprehensive Income	46.5%	467	319	328	251	238	237
Earnings Per Share, Basic	12.7%	2.33	2.18	2.38	1.86	1.77	1.77
Earnings Per Share, Diluted	12.7%	2.33	2.18	2.38	1.87	1.76	1.75
Debt equity ratio	-	0	-	-	-	-	041

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-7.5%	1,012	1,094	1,158	1,326	1,032	1,111
Other Income	46.2%	20	14	10	14	47	17
Total Income	-6.8%	1,032	1,107	1,169	1,340	1,079	1,129
Cost of Materials	13.2%	378	334	411	461	535	468
Purchases of stock-in-trade	-38.2%	237	383	436	528	226	422
Employee Expense	5.7%	94	89	89	88	90	81
Finance costs	4.5%	47	45	42	40	37	35
Depreciation and Amortization	4.2%	26	25	24	20	19	21
Other expenses	-5.8%	66	70	75	97	69	67
Total Expenses	-7.4%	932	1,006	1,050	1,190	971	1,035
Profit Before exceptional items and Tax	-1%	100	101	119	150	108	94
Total profit before tax	-1%	100	101	119	150	108	94
Current tax	-5.3%	19	20	21	29	12	13
Deferred tax	-7.4%	8.42	9.01	-13.35	11	13	11
Total tax	-3.6%	28	29	8.14	40	25	24
Total profit (loss) for period	0%	73	73	111	109	82	70
Other comp. income net of taxes	59.7%	-50.21	-125.93	195	130	-0.24	0.51
Total Comprehensive Income	139.2%	22	-52.6	306	240	82	71
Earnings Per Share, Basic	0%	0.51	0.51	0.77	0.76	0.58	0.5
Earnings Per Share, Diluted	0%	0.51	0.51	0.77	0.76	0.58	0.5

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	-7.3%	4,075	4,396	4,286	4,106	3,547	4,366
Other Income	106.2%	100	49	44	33	21	48
Total Income	-6.1%	4,175	4,445	4,330	4,139	3,568	4,414
Cost of Materials	-11.6%	1,762	1,992	2,128	1,462	2,014	2,268
Purchases of stock-in-trade	-8.2%	1,384	1,508	1,203	1,745	849	1,403
Employee Expense	-5.4%	265	280	262	216	194	177
Finance costs	-1.7%	115	117	133	148	90	78
Depreciation and Amortization	1.8%	58	57	57	54	30	18
Other expenses	9.4%	279	255	232	186	158	168
Total Expenses	-8.3%	3,762	4,103	3,949	3,839	3,240	4,123
Profit Before exceptional items and Tax	20.5%	412	342	382	300	328	291
Exceptional items before tax	-	0	0	0	-4.13	0	0
Total profit before tax	20.5%	412	342	382	296	328	291
Current tax	0%	53	53	97	76	53	65
Deferred tax	45.5%	49	34	1.93	-2.69	71	42
Total tax	18.6%	103	87	99	73	124	107
Total profit (loss) for period	21.7%	310	255	283	223	204	184
Other comp. income net of taxes	4978.7%	130	3.54	1.79	4.68	-0.74	5.19
Total Comprehensive Income	70.8%	440	258	285	228	203	189
Earnings Per Share, Basic	40%	2.19	1.85	2.15	1.74	1.59	1.48
Earnings Per Share, Diluted	40%	2.19	1.85	2.15	1.74	1.61	1.46
Debt equity ratio	-	0	-	-	-	-	038

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-5%	961	1,012	1,066	1,238	954	1,002
Other Income	66.7%	21	13	11	13	46	18
Total Income	-4.2%	982	1,025	1,077	1,251	1,001	1,019
Cost of Materials	14.2%	354	310	355	425	499	403
Purchases of stock-in-trade	-35.8%	245	381	434	527	221	417
Employee Expense	12.7%	72	64	66	66	68	60
Finance costs	5.7%	38	36	34	31	28	27
Depreciation and Amortization	0%	21	21	20	15	15	14
Other expenses	-12.7%	56	64	69	84	70	56
Total Expenses	-4.9%	875	920	954	1,098	897	929
Profit Before exceptional items and Tax	2.9%	107	104	123	153	103	90
Total profit before tax	2.9%	107	104	123	153	103	90
Current tax	0%	19	19	21	27	13	11
Deferred tax	-6.5%	9.35	9.93	-12.2	11	13	12
Total tax	-3.6%	28	29	9.12	38	25	23
Total profit (loss) for period	4.1%	78	75	114	115	78	68
Other comp. income net of taxes	58.6%	-51.15	-125.01	195	130	0.1	0.53
Total Comprehensive Income	150.9%	27	-50.13	309	246	78	68
Earnings Per Share, Basic	4.2%	0.54	0.52	0.79	0.81	0.54	0.49
Earnings Per Share, Diluted	4.2%	0.54	0.52	0.79	0.81	0.54	0.49

Description	Share	Value
Telecom Products	57.6%	582.4 Cr
Turnkey Contracts and Services	42.4%	429.5 Cr
Total		1 kCr

Pros

Profitability: Recent profitability of 8% is a good sign.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Size: Market Cap wise it is among the top 20% companies of india.

Balance Sheet: Strong Balance Sheet.

Cons

Growth: Poor revenue growth. Revenue grew at a disappointing -0.3% on a trailing 12-month basis.

Momentum: Stock has a weak negative price momentum.

Insider Trading: Significant insider selling noticed recently.

Technicals: SharesGuru indicator is Bearish.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	HFCL	Telecom
PE	31.99	-737.44
PS	2.52	4.77
Growth	-0.3 %	6.7 %

Cash Flow for HFCL

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-1.7%	115	117	133
Change in inventories	80%	-34.48	-175.96	-102.26
Depreciation	1.8%	58	57	57
Impairment loss / reversal	-535.8%	-10.94	3.74	5.43
Unrealised forex losses/gains	135.7%	3.67	-6.47	0
Dividend income	46.2%	20	14	13
Share-based payments	-	0	0	-8.26
Net Cashflows from Operations	-108.2%	-20.6	264	189
Income taxes paid (refund)	14.1%	90	79	48
Net Cashflows From Operating Activities	-160.8%	-110.9	185	141
Cashflows used in obtaining control of subsidiaries	-111.1%	0	10	13
Proceeds from sales of PPE	55.1%	0.38	-0.38	0.52
Purchase of property, plant and equipment	17.1%	138	118	98
Proceeds from sales of intangible assets	-	8.95	0	0
Purchase of intangible assets	54.1%	226	147	38
Proceeds from government grants	-102.4%	0	43	0
Dividends received	-107.1%	0.01	15	0
Interest received	-	20	0	16
Other inflows (outflows) of cash	-124.3%	-59.74	251	-238.13
Net Cashflows From Investing Activities	-3460.7%	-409.91	-10.54	-387.79
Proceeds from issuing shares	16823.1%	353	3.08	606
Proceeds from issuing other equity instruments	166.7%	73	28	0
Proceeds from borrowings	138.9%	259	109	54
Repayments of borrowings	-63.8%	43	117	246
Payments of lease liabilities	-33.5%	6.86	9.81	8.59
Dividends paid	21.7%	29	24	19
Interest paid	0.9%	117	116	134
Other inflows (outflows) of cash	-	-9.06	0	-10.5
Net Cashflows from Financing Activities	473.3%	480	-127.3	242
Net change in cash and cash eq.	-190.2%	-40.49	47	-4.95

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-3.3%	147	152	166
Change in inventories	90.5%	-16.58	-184.47	-138.11
Depreciation	-1.2%	82	83	78
Impairment loss / reversal	-423.8%	-10.98	4.7	5.57
Unrealised forex losses/gains	122.9%	3.54	-10.09	0
Dividend income	42.9%	21	15	14
Share-based payments	-	0	0	-8.68
Net Cashflows from Operations	-77.5%	76	335	267
Income taxes paid (refund)	22.4%	121	99	61
Net Cashflows From Operating Activities	-119.5%	-44.88	236	206
Cashflows used in obtaining control of subsidiaries	-111.1%	0	10	12
Proceeds from sales of PPE	-25%	0.5	0.6	0.74
Purchase of property, plant and equipment	-5.2%	184	194	145
Proceeds from sales of intangible assets	-	8.95	0	-37.86
Purchase of intangible assets	53.7%	227	148	0
Proceeds from government grants	-102.4%	0	43	0
Dividends received	-120.4%	0.01	5.86	0
Interest received	-	3.8	0	6.83
Other inflows (outflows) of cash	-121.8%	-53.93	253	-252.19
Net Cashflows From Investing Activities	-885.6%	-448.72	-44.63	-457.86
Proceeds from issuing shares	16823.1%	353	3.08	606
Proceeds from issuing other equity instruments	166.7%	73	28	0
Proceeds from borrowings	141.7%	320	133	80
Repayments of borrowings	-29.1%	91	128	243
Payments of lease liabilities	-33.5%	6.86	9.81	8.69
Dividends paid	21.7%	29	24	19
Interest paid	6.8%	157	147	156
Other inflows (outflows) of cash	-	-9.06	0	-10.5
Net Cashflows from Financing Activities	410.7%	454	-144.8	248
Net change in cash and cash eq.	-188.2%	-39.59	47	-4.1

Balance Sheet for HFCL

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	715%	164	21	224	61	135	15
Current investments	36.7%	6.48	5.01	4.85	12	13	8.62
Loans, current	0%	18	18	18	18	18	18
Total current financial assets	10%	3,296	2,996	2,889	2,636	2,429	2,718
Inventories	0.2%	620	619	642	584	511	409
Current tax assets	-80.4%	10	47	31	13	6.49	5.03
Total current assets	13.9%	4,836	4,245	3,977	3,753	3,442	3,520
Property, plant and equipment	-3.9%	318	331	343	332	331	340
Capital work-in-progress	73.6%	211	122	37	46	64	26
Investment property	18.2%	14	12	32	17	23	24
Non-current investments	53.6%	256	167	37	37	33	33
Loans, non-current	5.7%	93	88	82	72	54	28
Total non-current financial assets	25.3%	1,122	896	727	646	904	763
Total non-current assets	21.1%	2,283	1,885	1,549	1,327	1,497	1,287
Total assets	16.1%	7,119	6,130	5,527	5,080	4,940	4,807
Borrowings, non-current	67.2%	225	135	86	84	86	95
Total non-current financial liabilities	61.5%	232	144	107	90	104	115
Provisions, non-current	7%	47	44	42	38	37	33
Total non-current liabilities	41.6%	372	263	200	154	141	148
Borrowings, current	7%	732	684	599	519	545	516
Total current financial liabilities	33%	2,589	1,947	1,800	1,882	1,891	1,833
Provisions, current	-18.2%	10	12	13	12	11	9.38
Current tax liabilities	77%	0.83	0.26	1.63	2.48	29	21
Total current liabilities	31.3%	2,685	2,045	1,902	1,934	1,969	1,931
Total liabilities	32.5%	3,057	2,308	2,102	2,087	2,110	2,079
Equity share capital	0%	144	144	143	138	138	137
Total equity	6.3%	4,061	3,822	3,424	2,993	2,829	2,728
Total equity and liabilities	16.1%	7,119	6,130	5,527	5,080	4,940	4,807

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	659.1%	168	23	227	64	137	17
Current investments	33.4%	6.59	5.19	5.04	12	13	8.8
Loans, current	0%	20	20	21	21	26	26
Total current financial assets	8.6%	3,385	3,116	3,027	2,776	2,501	2,845
Inventories	0.9%	781	774	812	758	712	573
Current tax assets	-66.7%	18	52	35	15	8.22	6.39
Total current assets	12.5%	5,102	4,534	4,301	4,082	3,727	3,819
Property, plant and equipment	-3%	481	496	509	487	474	465
Capital work-in-progress	58.2%	243	154	66	70	89	47
Investment property	18.2%	14	12	32	17	23	24
Goodwill	0%	26	26	26	26	26	26
Non-current investments	55.4%	262	169	39	39	35	35
Loans, non-current	-18.8%	7.5	9	9	9.5	10	10
Total non-current financial assets	39.2%	1,048	753	588	516	793	682
Total non-current assets	23.9%	2,420	1,953	1,618	1,390	1,567	1,352
Total assets	16%	7,522	6,487	5,920	5,473	5,294	5,171
Borrowings, non-current	76.8%	298	169	132	110	121	121
Total non-current financial liabilities	71.8%	305	178	153	117	140	141
Provisions, non-current	6.5%	50	47	46	41	39	35
Total non-current liabilities	48.3%	449	303	252	186	179	176
Borrowings, current	11.4%	900	808	729	638	612	609
Total current financial liabilities	32.4%	2,729	2,061	1,928	2,066	2,056	2,068
Provisions, current	-9.1%	11	12	13	12	11	9.86
Current tax liabilities	-48.2%	3.01	4.88	15	20	30	30
Total current liabilities	30%	2,839	2,184	2,063	2,142	2,183	2,177
Total liabilities	32.2%	3,288	2,487	2,315	2,328	2,362	2,353
Equity share capital	0%	144	144	143	138	138	137
Non controlling interest	-2.3%	43	44	45	37	24	20
Total equity	5.9%	4,234	4,000	3,604	3,144	2,932	2,818
Total equity and liabilities	16%	7,522	6,487	5,920	5,473	5,294	5,171

Shareholder Name	Holding %
MN Ventures Private Limited	18.98%
NextWave Communications Private Limited	13.51%
QUANT MUTUAL FUND - QUANT ACTIVE FUND	8.5%
RELIANCE STRATEGIC BUSINESS VENTURES LIMITED	3.36%
HUF	1.88%
Reliance Ventures Limited	1.57%
Fitcore Tech-Solutions Pvt. Ltd.	1.54%
Clearing Members	0.21%
Anant Nahata	0.18%
Mahendra Nahata	0.09%
Vinsan Brothers (P) Ltd	0.05%
Shanker Sales Promotion (P) Ltd	0.02%

Valuation
Market Cap	11.71 kCr
Price/Earnings (Trailing)	31.99
Price/Sales (Trailing)	2.52
EV/EBITDA	15.86
Price/Free Cashflow	-76.24
MarketCap/EBT	24.93

Fundamentals
Revenue (TTM)	4.65 kCr
Rev. Growth (Yr)	-4.36%
Rev. Growth (Qtr)	-6.79%
Earnings (TTM)	365.92 Cr
Earnings Growth (Yr)	-11.95%
Earnings Growth (Qtr)	-1.02%

Profitability
Operating Margin	10.1%
EBT Margin	10.1%
Return on Equity	8.64%
Return on Assets	4.86%
Free Cashflow Yield	-1.31%

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
TEJASNET	Tejas NetworksTelecom - Equipment & Accessories	15.09 kCr	8.39 kCr	+14.73%	-17.84%	22.69	1.8	+453.25%	+798.13%
STLTECH	Sterlite TechTelecom - Equipment & Accessories	3.33 kCr	5.07 kCr	-15.45%	-49.37%	-19.83	0.66	-19.29%	-290.91%
VINDHYATEL	Vindhya TelelinksTelecom - Infrastructure	1.61 kCr	4.14 kCr	+5.52%	-48.65%	7.99	0.39	-1.21%	-26.99%
PARACABLES	Paramount CommunicationsCables - Electricals	1.56 kCr	1.4 kCr	+3.45%	-33.75%	16	1.11	+46.07%	+39.91%

HFCL - HFCL LIMITED Share Price

What does HFCL LIMITED do?

Summary of Latest Earnings Report from HFCL

Income Statement for HFCL

Revenue Breakdown

Sector Comparison: HFCL vs Telecom - Services

Comparative Metrics

Performance Comparison

Cash Flow for HFCL

Balance Sheet for HFCL

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Valuation

Fundamentals

Profitability

Is HFCL Better than it's peers?

Investor Care

Financial Health

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Investor Care
Dividend Yield	0.27%
Dividend/Share (TTM)	0.2
Shares Dilution (1Y)	0.97%
Diluted EPS (TTM)	2.55