HFCL Limited (HFCL) AI Stock Analysis

• Market Cap: ₹129.18B
• Dividend Yield: 0.15%
• Average Volume (3M): 1.95M
• Price to Earnings (P/E): 25.3
• Beta (1Y): 1.75
• Revenue Growth: -19.16%
• EPS Growth: -92.64%
• Country: IN
• Employees: 2,114
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): 0.70
• Shares Outstanding: 1,530,602,400
• 10 Day Avg. Volume: 1,557,863
• 30 Day Avg. Volume: 1,945,886
• PEG Ratio: -1.39
• Price to Book (P/B): 2.86
• Price to Sales (P/S): 2.87
• P/FCF Ratio: 70.27
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 3.4
• Revenue Forecast (FY): ₹61.35B

• Rating: 56 Neutral
• Price Target: ₹87.00 ▲(28.38% Upside)
• Action: Reiterated Date: 10/31/25
• Date: Action: Reiterated 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

Diverse revenue streams (products, turnkey projects, services)

HFCL's mix of product sales (optical fiber/cables, networking equipment), turnkey network projects, and after‑sales services creates multiple, complementary revenue channels. This reduces single‑customer and cyclical risk and supports durable revenue visibility from infrastructure rollouts and government programs.

Negative Factors

Negative recent revenue growth trend

A double‑digit revenue decline highlights demand or execution weakness that can persist across quarters. Given HFCL's project‑driven model, prolonged revenue contraction may reduce scale benefits, strain margins, and delay recovery of fixed cost absorption, impacting medium‑term profitability.

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...

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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 primarily makes money by selling telecommunications infrastructure products and by executing network projects and related services. Key revenue streams include: (1) Product sales: revenue from manufacturing and selling optical fiber cables an...

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HFCL primarily makes money by selling telecommunications infrastructure products and by executing network projects and related services. Key revenue streams include: (1) Product sales: revenue from manufacturing and selling optical fiber cables an...

HFCL Limited Financial Statement Overview

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

• Technical Analysis Sentiment: Positive
• Last Price: 67.77
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 72.54, below the 50-day MA of 70.62, and below the 200-day MA of 72.86, indicating a bullish trend. The MACD of 2.21 indicates Negative momentum. The RSI at 71.85 is Negative, neither overbought nor oversold. The STOCH value of 90.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HFCL.

HFCL Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PARACABLES	70 Outperform	₹11.12B	40.47	―	―	38.39%	-27.69%
TEJASNET	62 Neutral	₹78.78B	-10.28	―	0.55%	-17.23%	-185.73%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
STLTECH	60 Neutral	₹112.83B	-74.07	―	―	-14.27%	78.52%
HFCL	56 Neutral	₹129.18B	25.29	―	0.15%	-19.16%	-92.64%
ASTRAMICRO	51 Neutral	₹96.46B	49.76	―	0.24%	11.44%	23.56%
AKSHOPTFBR	48 Neutral	₹914.36M	-4.51	―	―	-29.38%	73.60%

HFCL Limited Corporate Events