HFCL Limited (IN:HFCL)
:HFCL
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HFCL Limited
(HFCL)
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Rating:56Neutral
Price Target:
₹66.00
▼(-2.61% Downside)
Action:ReiteratedDate:10/31/25
The overall stock score is primarily influenced by solid financial performance, with stable revenues and profitability. However, technical indicators suggest moderate momentum, and the valuation appears stretched due to a high P/E ratio and low dividend yield. These factors collectively result in a cautious outlook.
Positive Factors
Diversified revenue streams
HFCL’s mix of product sales (fiber, cables, equipment), turnkey network projects and after‑sales services reduces single‑channel dependency. This structural diversification smooths revenue cycles, increases customer stickiness, and supports steadier long‑term cash generation across telecom capex waves.
Negative Factors
Recent revenue and EPS declines
Double‑digit revenue contraction and near‑total EPS decline signal loss of scale, weaker order flow or project timing issues. Such material top‑line and earnings drops impair operating leverage and can take several quarters to reverse, constraining long‑term margin recovery and investment plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
HFCL’s mix of product sales (fiber, cables, equipment), turnkey network projects and after‑sales services reduces single‑channel dependency. This structural diversification smooths revenue cycles, increases customer stickiness, and supports steadier long‑term cash generation across telecom capex waves.
Read all positive factors
HFCL Limited (HFCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹109.87B
Dividend Yield0.15%
Average Volume (3M)1.95M
Price to Earnings (P/E)25.3
Beta (1Y)1.63
Revenue Growth-19.16%
EPS Growth-92.64%
CountryIN
Employees2,114
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.70
Shares Outstanding1,530,602,400
10 Day Avg. Volume1,557,863
30 Day Avg. Volume1,945,886
Financial Highlights & Ratios
PEG Ratio-1.39
Price to Book (P/B)2.86
Price to Sales (P/S)2.87
P/FCF Ratio70.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.4
Revenue Forecast (FY)₹61.35B
HFCL Limited Business Overview & Revenue Model
Company Description
HFCL Limited manufactures and sells telecom products in India and internationally. The company operates through Telecom Products and Turnkey Contracts and Services segments. It offers a range of optical fiber cables, such as aerial, armoured, Fibe...
How the Company Makes Money
HFCL generates revenue through multiple key streams, primarily from the sale of telecommunications equipment and solutions. Their core revenue comes from manufacturing and supplying optical fiber cables, broadband equipment, and wireless communica...
HFCL Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.27B | 40.65B | 44.65B | 47.43B | 47.27B | 44.23B |
| Gross Profit | 9.55B | 11.07B | 12.39B | 12.57B | 12.23B | 10.14B |
| EBITDA | 3.19B | 4.10B | 5.68B | 6.05B | 6.57B | 5.44B |
| Net Income | 278.50M | 1.77B | 3.30B | 3.01B | 3.13B | 2.39B |
Balance Sheet | ||||||
| Total Assets | 79.59B | 75.46B | 64.87B | 54.73B | 51.71B | 52.16B |
| Cash, Cash Equivalents and Short-Term Investments | 3.78B | 4.93B | 3.42B | 3.35B | 2.50B | 242.90M |
| Total Debt | 17.30B | 15.22B | 9.91B | 9.36B | 7.83B | 9.42B |
| Total Liabilities | 37.81B | 34.27B | 24.87B | 23.28B | 23.53B | 32.92B |
| Stockholders Equity | 41.32B | 40.79B | 39.56B | 31.08B | 27.98B | 19.16B |
Cash Flow | ||||||
| Free Cash Flow | -1.77B | 1.66B | -4.55B | -1.05B | 228.10M | -492.50M |
| Operating Cash Flow | -436.00M | 3.96B | -448.80M | 2.36B | 2.06B | 568.20M |
| Investing Cash Flow | -790.90M | -5.18B | -4.49B | -446.30M | -4.58B | -769.40M |
| Financing Cash Flow | 816.00M | 1.70B | 4.54B | -1.45B | 2.48B | 249.80M |
HFCL Limited Technical Analysis
Positive
67.77
Price Trends
69.23
Positive
69.10
Positive
73.05
Negative
Market Momentum
0.33
Positive
53.20
Neutral
56.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HFCL, the sentiment is Positive. The current price of 67.77 is below the 20-day moving average (MA) of 70.53, below the 50-day MA of 69.23, and below the 200-day MA of 73.05, indicating a neutral trend. The MACD of 0.33 indicates Positive momentum. The RSI at 53.20 is Neutral, neither overbought nor oversold. The STOCH value of 56.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HFCL.
HFCL Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹9.93B | 40.47 | ― | ― | 38.39% | -27.69% | |
62 Neutral | ₹74.57B | -10.28 | ― | 0.55% | -17.23% | -185.73% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ₹86.84B | -74.07 | ― | ― | -14.27% | 78.52% | |
56 Neutral | ₹109.87B | 25.29 | ― | 0.15% | -19.16% | -92.64% | |
51 Neutral | ₹90.52B | 49.76 | ― | 0.24% | 11.44% | 23.56% | |
43 Neutral | ₹745.16M | -4.51 | ― | ― | -29.38% | 73.60% |
* Technology Sector Average
IN:HFCL
HFCL Limited
71.78
-2.57
-3.46%
IN:AKSHOPTFBR
Aksh Optifibre Limited
4.58
-5.50
-54.56%
IN:ASTRAMICRO
Astra Microwave Products Ltd.
953.40
294.15
44.62%
IN:PARACABLES
Paramount Communications Limited
32.54
-13.70
-29.63%
IN:STLTECH
Sterlite Technologies Limited
177.90
122.00
218.25%
IN:TEJASNET
Tejas Networks Ltd.
419.70
-376.99
-47.32%
HFCL Limited Corporate Events
HFCL Confirms Compliance With SEBI Dematerialisation Norms for December 2025 Quarter
Jan 6, 2026
HFCL Limited has submitted a compliance certificate to Indian stock exchanges and depositories confirming adherence to Regulation 74(5) of the SEBI (Depository and Participants) Regulations, 2018 for the quarter ended 31 December 2025. Based on co...
HFCL Launches Qualified Institutions Placement at ₹65.84 Floor Price
Dec 22, 2025
HFCL Limited has approved the launch of a qualified institutions placement (QIP) of its equity shares with a face value of ₹1 each, following prior approvals from its board and shareholders. At a fund-raising committee meeting held on Decemb...
HFCL Opens Qualified Institutions Placement, Sets Floor Price at ₹65.84 per Share
Dec 22, 2025
HFCL Limited has approved the launch of a qualified institutions placement (QIP) of its equity shares with a face value of ₹1 each, following prior approvals from its board and shareholders. The company’s Fund Raising Committee has aut...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.