HFCL Ltd (HFCL)
₹231.29
Mkt cap
₹35,401 Cr
P/E ratio
40.80
P/B
6.27
Div yield
0.09%
ROE
6.98%
ROCE
10.80%
EPS (TTM)
₹5.67
Book value
₹37
52W range
60–282
Sector
Telecommunication
Price history
Previous close
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]
NSE HFCLBSE 500183
Health check
Cautious
ValuationExpensive
ProfitabilityWeak
GrowthModerate
TechnicalsNeutral
52-week range
−18.05% from high₹231
₹60+286.64% from low₹282
Current
₹231.29
Prev close
₹243.46
Day
−5.00%
Price performance
1D
−5.00%
1W
−3.66%
1M
+6.97%
3M
+25.23%
6M
+115.96%
1Y
+201.55%
YTD
+241.49%
Financials
Revenue, profit & margin
P/E ratio
40.8×
HFCL is 191% above the sector median of 14.0×
HFCL40.8×
Sector median14.0×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,111 | 1,032 | 1,326 | 1,158 | 1,094 | 1,012 | 801 | 871 | 1,043 | 1,211 | 1,824 | 1,915 | 2,542 | |
| Expenses | 979 | 916 | 1,130 | 984 | 935 | 860 | 838 | 843 | 853 | 983 | 1,510 | 1,501 | 1,912 | |
| Operating Profit | 133 | 117 | 196 | 175 | 158 | 152 | -37 | 28 | 190 | 228 | 314 | 414 | 630 | |
| OPM % | 12% | 11% | 15% | 15% | 14% | 15% | -4.6% | 3.3% | 18% | 19% | 17% | 22% | 25% | |
| Other Income | 18 | 47 | 14 | 10 | 15 | 21 | 14 | 15 | 13 | 17 | 22 | 31 | 27 | |
| Interest | 35 | 37 | 40 | 42 | 45 | 47 | 51 | 56 | 61 | 63 | 63 | 62 | 65 | |
| Depreciation | 21 | 19 | 20 | 24 | 25 | 26 | 30 | 32 | 36 | 44 | 45 | 51 | 54 | |
| Profit before tax | 94 | 108 | 149 | 119 | 102 | 100 | -105 | -45 | 106 | 138 | 228 | 332 | 539 | |
| Tax % | 25% | 24% | 27% | 7% | 28% | 28% | -21% | -34% | 32% | 26% | 19% | 26% | 27% | |
| Net Profit | 70 | 82 | 109 | 111 | 73 | 73 | -83 | -29 | 72 | 102 | 184 | 246 | 394 | |
| EPS in Rs | 0.49 | 0.58 | 0.76 | 0.77 | 0.51 | 0.51 | -0.56 | -0.22 | 0.47 | 0.64 | 1.17 | 1.49 | 2.37 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −0.80% · closed higher next day 24 of last 56
| Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 2 Feb '24 | 4 May '24◦ | 25 Jul '24 | 22 Oct '24◦ | 4 Feb '25 | 22 May '25◦ | 25 Jul '25 | 17 Oct '25 | 3 Feb '26 | 30 Apr '26 | 22 Jul '26 | 19 Oct '26 |
| Earnings day | −6.43% | −2.58% | −0.96% | +6.12% | −0.96% | +3.08% | −4.18% | −2.41% | +3.08% | +8.34% | −0.03% | −1.50% |
| +1 day | −5.03% | −3.98% | +3.17% | +1.82% | +0.12% | +1.74% | −3.62% | −1.18% | +3.58% | +17.68% | −5.03% | −6.42% |
| +5 days | −1.30% | −7.65% | +12.48% | +3.56% | −9.06% | +3.66% | −7.56% | −2.15% | +8.77% | +31.79% | −11.20% | −9.67% |
| +15 days | +8.55% | +5.42% | +10.25% | +10.44% | −15.23% | +2.72% | −7.97% | −0.59% | +4.41% | +38.38% | +1.63% | — |
| +30 days | −12.90% | +23.45% | +27.98% | +13.95% | −19.94% | +0.12% | −11.60% | −11.02% | +9.27% | +68.49% | +3.81% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Sep 202628.29%Promoter
Promoters28.29%
FIIs17.24%1.50
DIIs10.39%0.53
Public44.06%0.96
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Indus Towers | ₹378.30 | 14.04 | 99,802 | 3.70% | 1,793 | −2.53% | 8,516 | +4.00% | 19.48% |
| Altius Telecom | ₹174.00 | 41.91 | 53,025 | 2.31% | 375 | +65.55% | 6,025 | −0.08% | 8.60% |
| HFCL | ₹231.29 | 40.80 | 35,401 | 0.09% | 394 | +434.79% | 2,542 | +143.62% | 10.76% |
| Bondada Engineer | ₹274.00 | 14.03 | 3,060 | 0.10% | 54 | +38.24% | 692 | +23.99% | 39.43% |
| Pace Digitek | ₹139.65 | 10.03 | 3,014 | 0.00% | 63 | +13.24% | 555 | +51.29% | 21.40% |
| GTL Infra. | ₹0.99 | — | 1,268 | 0.00% | 69 | +129.86% | 327 | −2.16% | — |
| Suyog Telematics | ₹440.45 | 8.72 | 516 | 0.23% | 14 | −18.11% | 65 | +2.16% | 14.42% |
| Median: 9 Co. | ₹174.00 | 14.04 | 3,014 | 0.09% | 63 | +25.49% | 555 | +18.69% | 13.16% |
Filings
Annual reports15
Concall transcripts75
TranscriptOct 2026PPTOct 2026RECOct 2026TranscriptJul 2026PPTJul 2026TranscriptMay 2026PPTMay 2026RECMay 2026PPTApr 2026TranscriptFeb 2026PPTFeb 2026TranscriptOct 2025PPTOct 2025TranscriptAug 2025PPTAug 2025RECAug 2025TranscriptMay 2025PPTMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptOct 2024PPTOct 2024TranscriptAug 2024
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Earnings Call Transcript 26 Oct - This is further to our earlier announcement dated October 19, 2026. As per Regulation 30 read with Para A of Part A of Schedule III …Announcement under Regulation 30 (LODR)-Acquisition 22 Oct - HFCL incorporated wholly-owned subsidiary HFCL Connectivity Systems Limited on October 22, 2026 for telecom infrastructure services.Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Oct - We hereby submit copies of the newspaper publications of the Un-audited Financial Results of the Company for the 2nd quarter and half year ended September …Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 19 Oct - HFCL hosted audio recording of October 19, 2026 investors’ conference call on its website.Announcement under Regulation 30 (LODR)-Monitoring Agency Report 19 Oct - HFCL filed Q2FY27 monitoring reports for ₹550 crore QIP and ₹555 crore warrants; ₹90 crore utilization delayed to December 31, 2026.