About
HFCL Limited manufactures and sells telecom products in India and internationally. The company offers optical fiber cables, such as underground, aerial, microduct, FTTH, and micromodule cables; telecommunication products, including unlicensed band backhaul radios, Wi-Fi access points, routers, managed switches, antennas, network management solutions, and 5g product portfolio; defence product comprising electronic fuzes, electro optics, high capacity radio relay, software defined radios, and ground surveillance radars; and passive networking components, such as high density cabinets, joint closures, optical splitters, aerial cable accessories, fiber optic cable assemblies, and copper cable assemblies. It also provides network solutions for public telecommunications, defence and railway communications, and system integration services. 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.
Key Metrics
as of Sep 2026Market Cap35,427 Cr
P/E61.90
Div Yield0.04 %
Book Value₹32.00
52w High₹257.00
52w Low₹59.80
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,915.00 | 1,824.00 | 1,211.00 | 1,043.00 | 871.00 | 801.00 | 1,012.00 | 1,094.00 | 1,158.00 | 1,326.00 | 1,032.00 | 1,111.00 | 995.00 |
| Expenses | 1,501.00 | 1,510.00 | 983.00 | 853.00 | 843.00 | 838.00 | 860.00 | 935.00 | 984.00 | 1,130.00 | 916.00 | 979.00 | 849.00 |
| Operating Profit | 414.00 | 314.00 | 228.00 | 190.00 | 28.00 | -37.00 | 152.00 | 158.00 | 175.00 | 196.00 | 117.00 | 133.00 | 146.00 |
| OPM % | 22.00 | 17.00 | 19.00 | 18.00 | 3.30 | -4.60 | 15.00 | 14.00 | 15.00 | 15.00 | 11.00 | 12.00 | 15.00 |
| Other Income | 31.00 | 22.00 | 17.00 | 13.00 | 15.00 | 14.00 | 21.00 | 15.00 | 10.00 | 14.00 | 47.00 | 18.00 | 13.00 |
| Depreciation | 51.00 | 45.00 | 44.00 | 36.00 | 32.00 | 30.00 | 26.00 | 25.00 | 24.00 | 20.00 | 19.00 | 21.00 | 21.00 |
| Interest | 62.00 | 63.00 | 63.00 | 61.00 | 56.00 | 51.00 | 47.00 | 45.00 | 42.00 | 40.00 | 37.00 | 35.00 | 36.00 |
| Profit before tax | 332.00 | 228.00 | 138.00 | 106.00 | -45.00 | -105.00 | 100.00 | 102.00 | 119.00 | 149.00 | 108.00 | 94.00 | 103.00 |
| Tax % | 26.00 | 19.00 | 26.00 | 32.00 | -34.00 | -21.00 | 28.00 | 28.00 | 7.00 | 27.00 | 24.00 | 25.00 | 26.00 |
| Net Profit | 246.00 | 184.00 | 102.00 | 72.00 | -29.00 | -83.00 | 73.00 | 73.00 | 111.00 | 109.00 | 82.00 | 70.00 | 76.00 |
| EPS in Rs | 1.49 | 1.17 | 0.64 | 0.47 | -0.22 | -0.56 | 0.51 | 0.51 | 0.77 | 0.76 | 0.58 | 0.49 | 0.49 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,949.00 | 4,065.00 | 4,465.00 | 4,743.00 | 4,727.00 | 4,423.00 | 3,839.00 | 4,738.00 | 3,227.00 | 2,131.00 | 2,872.00 | 2,553.00 |
| Expenses | 4,188.00 | 3,616.00 | 3,884.00 | 4,125.00 | 4,077.00 | 3,873.00 | 3,346.00 | 4,320.00 | 2,944.00 | 1,944.00 | 2,600.00 | 2,272.00 |
| Operating Profit | 762.00 | 449.00 | 582.00 | 619.00 | 650.00 | 550.00 | 493.00 | 418.00 | 283.00 | 187.00 | 273.00 | 281.00 |
| OPM % | 15.00 | 11.00 | 13.00 | 13.00 | 14.00 | 12.00 | 13.00 | 9.00 | 9.00 | 9.00 | 10.00 | 11.00 |
| Other Income | 66.00 | 58.00 | 102.00 | 47.00 | 37.00 | 31.00 | 22.00 | 40.00 | 24.00 | 21.00 | -29.00 | 110.00 |
| Interest | 242.00 | 185.00 | 147.00 | 152.00 | 166.00 | 175.00 | 115.00 | 92.00 | 64.00 | 62.00 | 62.00 | 44.00 |
| Depreciation | 157.00 | 106.00 | 82.00 | 83.00 | 78.00 | 69.00 | 42.00 | 27.00 | 23.00 | 22.00 | 26.00 | 34.00 |
| Profit before tax | 428.00 | 217.00 | 454.00 | 431.00 | 442.00 | 337.00 | 358.00 | 339.00 | 220.00 | 124.00 | 156.00 | 312.00 |
| Tax % | 23.00 | 20.00 | 26.00 | 26.00 | 26.00 | 27.00 | 34.00 | 32.00 | 22.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 329.00 | 173.00 | 338.00 | 318.00 | 326.00 | 246.00 | 237.00 | 232.00 | 172.00 | 124.00 | 156.00 | 324.00 |
| EPS in Rs | 2.04 | 1.23 | 2.29 | 2.18 | 2.27 | 1.86 | 1.77 | 1.73 | 1.35 | 0.99 | 1.26 | 2.61 |
| Dividend Payout % | 10.00 | 8.00 | 9.00 | 9.00 | 8.00 | 8.00 | 0.00 | 6.00 | 4.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 153.00 | 144.00 | 144.00 | 138.00 | 137.00 | 128.00 | 128.00 | 127.00 | 124.00 | 124.00 | 124.00 | 124.00 |
| Reserves | 4,738.00 | 3,935.00 | 3,812.00 | 2,970.00 | 2,661.00 | 1,788.00 | 1,540.00 | 1,314.00 | 1,055.00 | 840.00 | 716.00 | 753.00 |
| Borrowings | 1,744.00 | 1,522.00 | 991.00 | 936.00 | 783.00 | 942.00 | 734.00 | 590.00 | 469.00 | 539.00 | 544.00 | 398.00 |
| Other Liabilities | 2,232.00 | 1,945.00 | 1,540.00 | 1,429.00 | 1,590.00 | 2,358.00 | 1,427.00 | 1,262.00 | 941.00 | 773.00 | 791.00 | 572.00 |
| Total Liabilities | 8,868.00 | 7,546.00 | 6,487.00 | 5,473.00 | 5,171.00 | 5,216.00 | 3,829.00 | 3,294.00 | 2,588.00 | 2,275.00 | 2,175.00 | 1,847.00 |
| Fixed Assets | 1,617.00 | 852.00 | 652.00 | 548.00 | 528.00 | 508.00 | 504.00 | 238.00 | 196.00 | 188.00 | 175.00 | 199.00 |
| CWIP | 85.00 | 602.00 | 469.00 | 268.00 | 108.00 | 36.00 | 34.00 | 86.00 | 10.00 | 2.00 | 1.00 | 4.00 |
| Investments | 135.00 | 158.00 | 194.00 | 70.00 | 55.00 | 41.00 | 58.00 | 60.00 | 55.00 | 50.00 | 57.00 | 272.00 |
| Other Assets | 7,031.00 | 5,935.00 | 5,172.00 | 4,586.00 | 4,480.00 | 4,631.00 | 3,233.00 | 2,911.00 | 2,327.00 | 2,035.00 | 1,943.00 | 1,373.00 |
| Total Assets | 8,868.00 | 7,546.00 | 6,487.00 | 5,473.00 | 5,171.00 | 5,216.00 | 3,829.00 | 3,294.00 | 2,588.00 | 2,275.00 | 2,175.00 | 1,847.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -378.00 | 396.00 | -45.00 | 235.00 | 205.00 | 145.00 | 172.00 | 34.00 | 207.00 | 136.00 | 0.00 | 129.00 |
| Cash from Investing Activity | -324.00 | -518.00 | -449.00 | -44.00 | -458.00 | -165.00 | -167.00 | -150.00 | -30.00 | -25.00 | 37.00 | -45.00 |
| Cash from Financing Activity | 669.00 | 170.00 | 454.00 | -145.00 | 248.00 | 25.00 | -7.00 | 67.00 | -116.00 | -114.00 | -55.00 | -74.00 |
| Net Cash Flow | -33.00 | 47.00 | -40.00 | 46.00 | -5.00 | 5.00 | -1.00 | -49.00 | 61.00 | -3.00 | -18.00 | 10.00 |
| Free Cash Flow | -723.00 | -12.00 | -454.00 | -105.00 | 23.00 | 41.00 | 5.00 | -143.00 | 166.00 | 110.00 | -51.00 | 111.00 |
| CFO/OP % | -44.00 | 89.00 | 13.00 | 54.00 | 41.00 | 30.00 | 53.00 | 15.00 | 102.00 | 103.00 | 12.00 | 54.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 163.00 | 170.00 | 181.00 | 145.00 | 146.00 | 215.00 | 153.00 | 113.00 | 134.00 | 202.00 | 141.00 | 52.00 |
| Inventory Days | 161.00 | 145.00 | 135.00 | 113.00 | 98.00 | 65.00 | 96.00 | 41.00 | 56.00 | 140.00 | 192.00 | 259.00 |
| Days Payable | 115.00 | 174.00 | 141.00 | 131.00 | 173.00 | 262.00 | 227.00 | 134.00 | 148.00 | 260.00 | 307.00 | 320.00 |
| Cash Conversion Cycle | 210.00 | 141.00 | 175.00 | 127.00 | 72.00 | 18.00 | 22.00 | 20.00 | 42.00 | 81.00 | 26.00 | -9.00 |
| Working Capital Days | 212.00 | 179.00 | 163.00 | 124.00 | 85.00 | 70.00 | 91.00 | 62.00 | 84.00 | 134.00 | 112.00 | 75.00 |
| ROCE % | 11.00 | 8.00 | 13.00 | 15.00 | 19.00 | 20.00 | 21.00 | 24.00 | 18.00 | 13.00 | 24.00 | 36.00 |
Corporate Actions
17 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 08 Sep 2025 | 09 Sep 2025 | — | 0.10 | |
| Dividend | 23 Sep 2024 | — | — | 0.20 | |
| Dividend | 22 Sep 2023 | 23 Sep 2023 | — | 0.20 | |
| Dividend | 22 Sep 2022 | — | — | 0.18 | |
| Dividend | 22 Sep 2021 | — | — | 0.15 | |
| Other | 18 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 19 Sep 2019 | — | — | 0.10 | |
| Dividend | 19 Sep 2018 | — | — | 0.06 | |
| Other | 15 Sep 2017 | — | — | — | Annual General Meetin |
| Other | 21 Sep 2016 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 12 Sep 2014 | — | — | — | Annual General Meeting |
| Other | 12 Sep 2013 | — | — | — | Annual General Meeting |
| Other | 20 Sep 2012 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2011 | — | — | — | Annual General Meeting |
| Other | 11 Mar 2011 | — | — | — | Annual General Meeting |
| Other | 08 Feb 2011 | 09 Feb 2011 | — | — | Reduction of Capital |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update9 Jul from care
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Rating update8 Sep 2025 from care
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Rating update31 Mar 2025 from infomerics
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Rating update30 Aug 2024 from care
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Rating update6 Feb 2024 from infomerics
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Rating update7 Jul 2023 from care
Conference Calls
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