HFCL Limited (HFCL.NS)
New Delhi, IN
Based in New Delhi, India, and established in 1987, HFCL Limited (formerly Himachal Futuristic Communications Limited until October 2019) is an international manufacturer and seller of telecommunications products. The company operates through two primary divisions: Telecom Products and Turnkey Contracts and Services. Its product portfolio includes a wide array of optical fiber cables, such as aerial, armored, micro, unarmored, and Fiber-to-Anywhere (FTTx) types. HFCL also develops various microwave solutions, encompassing packet, hybrid, and small cell radio systems, alongside network management platforms. Furthermore, the company offers Gigabit Passive Optical Network (GPON) systems like Optical Line Terminals (OLT), mini OLTs, and Optical Network Terminals (ONT). Other offerings include power electronic solutions such as AC and DC power systems, network integrated control and monitoring, power racks for passive telecom infrastructure, battery management systems, and a range of solar solutions including hybrid DC power systems, off-grid solar plants, solar water pumps, and MPPT-based solar charge controllers. Beyond manufacturing, HFCL provides extensive telecom network solutions, covering in-building systems, optical fiber cable networks, optical transmission solutions, and last-mile fiber connectivity (fiber to the home, building, premises, and curb). Their turnkey contracts involve end-to-end services from network design, equipment supply, installation, and commissioning to network integration, post-deployment warranty, and Annual Maintenance Contract (AMC) support. These services are particularly deployed across metro lines, mainline railways, and railway freight corridors. Additionally, HFCL delivers integrated solutions for communication, IT, and telecom infrastructure, data centers, disaster recovery, security, surveillance, traffic management, and smart city applications involving power, water, waste, and other utility management systems. The company has also partnered with Qualcomm Technologies, Inc. for the design and development of 5G millimeter wave Fixed Wireless Access (FWA) and Customer Premises Equipment (CPE) products. HFCL serves clients across the telecommunications, security, and railway sectors.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.02% | +2.08% | +74.10% | +105.17% | +91.18% | +116.76% | +79.41% | +121.96% | +309.30% | +769.47% | +202.66% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | +1 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Communication Equipment: +9.8%+21.8% ★ Q1'26: +127.8% (vs Q1'25)
-
EPS growth Communication Equipment: +36.4%+73.2% ★ Q1'26: +316.1% (vs Q1'25)
-
FCF margin FCF growth · Communication Equipment: +59.0%-18.6% Q1'26: -9.7% (vs Q1'25)
-
EBIT margin Communication Equipment: +4.7%+12.2% ★ Q1'26: +15.2% (vs Q1'25)
-
ROIC Communication Equipment: +3.7%+7.5% ★ Q1'26: +14.6% (vs Q1'25)
-
Share dilution Communication Equipment: +0.0%+1.5% Q1'26: +1.5% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Communication Equipment: -1.04×2.29× Q1'26: 1.35× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Mar 2000 actual |
Mar 2001 actual |
Mar 2015 actual |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 1 Rev. Ana. 1 EPS Ana. |
Mar 2027 1 Rev. Ana. 1 EPS Ana. |
Mar 2028 1 Rev. Ana. 1 EPS Ana. |
Mar 2029 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
6.22B
est.
|
13.46B
est.
|
25.53B
est: 26.85B (-4.9%)
|
28.73B
est: 26.85B (+7.0%)
|
21.31B
est: 31.68B (-32.7%)
|
32.27B
est: 33.78B (-4.4%)
|
47.38B
est: 43.18B (+9.7%)
|
38.39B
est: 53.97B (-28.9%)
|
47.27B
est: 46.70B (+1.2%)
|
47.43B
est: 48.65B (-2.5%)
|
44.65B
est: 49.26B (-9.4%)
|
40.65B
est: 46.33B (-12.3%)
|
44.96B
44.96B – 44.96B
-3.0% YoY
|
60.03B
60.03B – 60.03B
+33.5% YoY
|
75.80B
75.80B – 75.80B
+26.3% YoY
|
96.99B
96.99B – 96.99B
+28.0% YoY
|
| EBITDA |
767.54M
est.
|
1.51B
est.
|
2.92B
est: 3.32B (-12.1%)
|
3.28B
est: 3.32B (-1.2%)
|
1.92B
est: 3.91B (-51.0%)
|
2.82B
est: 4.17B (-32.4%)
|
4.09B
est: 5.33B (-23.4%)
|
5.00B
est: 6.67B (-25.0%)
|
6.57B
est: 5.77B (+14.0%)
|
6.05B
est: 6.01B (+0.6%)
|
5.68B
est: 6.08B (-6.7%)
|
4.10B
est: 6.01B (-31.8%)
|
5.83B
5.83B – 5.83B
-3.0% YoY
|
7.78B
7.78B – 7.78B
+33.5% YoY
|
9.83B
9.83B – 9.83B
+26.3% YoY
|
12.58B
12.58B – 12.58B
+28.0% YoY
|
| EBIT |
673.83M
est.
|
2.48B
est.
|
2.57B
est: 2.91B (-11.6%)
|
3.03B
est: 2.91B (+3.9%)
|
1.71B
est: 3.43B (-50.2%)
|
2.60B
est: 3.66B (-29.0%)
|
3.84B
est: 4.68B (-17.9%)
|
4.67B
est: 5.85B (-20.1%)
|
5.86B
est: 5.06B (+15.6%)
|
5.36B
est: 5.27B (+1.6%)
|
5.00B
est: 5.34B (-6.4%)
|
3.43B
est: 5.15B (-33.2%)
|
4.99B
4.99B – 4.99B
-3.0% YoY
|
6.67B
6.67B – 6.67B
+33.5% YoY
|
8.42B
8.42B – 8.42B
+26.3% YoY
|
10.77B
10.77B – 10.77B
+28.0% YoY
|
| Net Income |
18.34B
est.
|
1.86B
est.
|
3.24B
est: 3.12B (+3.9%)
|
1.56B
est: 3.12B (-50.1%)
|
1.23B
est: 3.59B (-65.8%)
|
1.68B
est: 1.62B (+3.9%)
|
2.20B
est: 2.08B (+5.9%)
|
2.27B
est: 2.47B (-7.9%)
|
3.13B
est: 3.75B (-16.5%)
|
3.01B
est: 3.90B (-22.7%)
|
3.30B
est: 4.76B (-30.7%)
|
1.77B
est: 4.68B (-62.1%)
|
2.63B
2.63B – 2.63B
-43.8% YoY
|
5.12B
5.12B – 5.12B
+94.4% YoY
|
7.83B
7.83B – 7.83B
+52.9% YoY
|
10.98B
10.98B – 10.98B
+40.2% YoY
|
| SGA |
456.80M
est.
|
988.98M
est.
|
2.79B
est: 1.97B (+41.4%)
|
1.79B
est: 1.97B (-9.1%)
|
1.61B
est: 2.33B (-31.0%)
|
1.77B
est: 2.48B (-28.8%)
|
2.09B
est: 3.17B (-34.2%)
|
2.28B
est: 3.97B (-42.4%)
|
3.04B
est: 3.43B (-11.5%)
|
3.51B
est: 3.58B (-1.7%)
|
3.55B
est: 3.62B (-1.8%)
|
3.72B
est: 3.88B (-4.1%)
|
3.76B
3.76B – 3.76B
-3.0% YoY
|
5.03B
5.03B – 5.03B
+33.5% YoY
|
6.35B
6.35B – 6.35B
+26.3% YoY
|
8.12B
8.12B – 8.12B
+28.0% YoY
|
| EPS |
12.71
est.
|
43.61
est.
|
2.57
est: 2.16 (+19.0%)
|
2.14
est: 2.16 (-0.9%)
|
0.99
est: 2.49 (-60.2%)
|
1.35
est: 1.12 (+20.5%)
|
1.77
est: 1.44 (+22.9%)
|
1.77
est: 1.71 (+3.5%)
|
2.38
est: 2.60 (-8.5%)
|
2.18
est: 2.70 (-19.3%)
|
2.33
est: 3.30 (-29.4%)
|
1.23
est: 3.20 (-61.6%)
|
1.80
1.80 – 1.80
-43.8% YoY
|
3.50
3.50 – 3.50
+94.4% YoY
|
5.35
5.35 – 5.35
+52.9% YoY
|
7.50
7.50 – 7.50
+40.2% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-08 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-07 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-06 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-05 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-04 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-30 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-29 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-28 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-27 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-24 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-23 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-22 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-21 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-20 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-17 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-16 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Vanguard FTSE All-World ex-US Small-Cap ETF VSS | 0.04% | 5.74M | 0.06% |
| 2 | Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO | 0.01% | 456.5K | 0.26% |
| 3 | Vanguard FTSE Emerging Markets Shares ETF VGE.AX | 0.01% | 202.4K | 0.48% |
| 4 | Vanguard FTSE Emerging Markets ETF VWO | 0.01% | 22.53M | 0.06% |
| 5 | Vanguard Total International Stock ETF VXUS | 0.00% | 23.77M | 0.05% |
| 6 | Vanguard Total World Stock ETF VT | 0.00% | 1.46M | 0.06% |
| 7 | Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO | 0.00% | 36.2K | 0.22% |
| 8 | Vanguard All-Equity ETF Portfolio VEQT.TO | 0.00% | 109.1K | 0.22% |
| 9 | Vanguard Growth ETF Portfolio VGRO.TO | 0.00% | 58.6K | 0.22% |
| 10 | Vanguard Balanced ETF Portfolio VBAL.TO | 0.00% | 25.8K | 0.22% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Mahendra Nahata | MD & Wholetime Director | 78M | male |
| Amit Agarwal | Vice President & Head of Investor Relations | — | male |
| Baburaj Eradath | Vice President of Administration & MDs Office | — | male |
| Jitendra Singh Chaudhary | Executive President of Communications | — | male |
| Manoj Baid | President, Company Secretary & Compliance Officer | — | male |
| Prakash Chand Gulgulia | Vice President of Finance & Accounts | — | male |
| Sanjay Vithalrao Jorapur | Executive President of HR | — | male |
| Sushil K. Wadhwa | President of Commercial | — | male |
| Alok Chander | Associate Vice President of Marketing | — | male |
| Vijay Raj Jain | Chief Financial Officer | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for HFCL.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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