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HFCL Ltd

HFCL

HFCL Ltd

HFCL
Communication ServicesTelecom Equipments
SmallcapWith a market cap of ₹18,299 cr, stock is ranked 379
High RiskStock is 4.22x as volatile as Nifty
124.771.36% (-1.72)
124.771.36% (-1.72)

Price Chart

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Communication ServicesTelecom Equipments
SmallcapWith a market cap of ₹18,299 cr, stock is ranked 379
High RiskStock is 4.22x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

Communication ServicesTelecom Equipments
SmallcapWith a market cap of ₹18,299 cr, stock is ranked 379
High RiskStock is 4.22x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
48.484.580.16%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
-146.2113.090.33%

Forecast & Ratings

Detailed Forecast 
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Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Himachal Futuristic Communications Limited (HFCL) is a telecom company. The Company is a telecom infrastructure developer, system integrator, and manufacturer of telecom equipment and optical fiber cables.

Investor Presentation

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Oct 22, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of -0.91%, vs industry avg of 3.9%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 30.75% to 23.39%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 8.44%, vs industry avg of -44.71%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue2,948.832,152.823,253.274,780.533,860.994,457.724,770.184,790.494,566.574,695.87
Raw Materialssubtract632.33601.431,350.912,363.831,403.392,422.612,217.252,545.342,190.773,964.95
Power & Fuel Costsubtract7.479.9411.6614.9616.3226.3335.1049.0443.95
Employee Costsubtract159.45152.49168.13199.76224.34252.85310.56348.19350.53
Selling & Administrative Expensessubtract251.13101.58117.47126.39129.21156.13189.28199.78219.68
Operating & Other expensessubtract1,654.411,079.031,297.851,617.461,572.611,019.591,331.23982.371,078.58
Depreciation/Amortizationsubtract26.1821.7523.2226.9741.9568.6378.2582.9781.7688.96
Interest & Other Itemssubtract61.5062.3963.6391.87114.82174.72166.40152.19147.28163.39
Taxes & Other Itemssubtract0.771.2852.53119.38131.1197.86128.99129.64124.21101.08
EPS1.260.991.351.751.781.862.352.192.342.62
DPS0.000.000.060.100.000.150.180.200.200.20
Payout ratio0.000.000.040.060.000.080.080.090.090.08

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

Apr 29PDF
Jan 18PDF
Nov 1PDF
Oct 11PDF
FY 2023

Annual report

PDF

Investor Presentation

May 8PDF
Jan 24PDF
Oct 20PDF
Jul 23PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 27PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 22PDF
 

Peers & Comparison

Comparing 3 stocks from 
Communication ServicesTelecom Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
HFCL Ltd55.494.580.16%
ITI Ltd-65.8521.00—
Tejas Networks Ltd368.207.36—
Sterlite Technologies Ltd-117.942.97—

Price Comparison

Compare HFCL with any stock or ETF
Compare HFCL with any stock or ETF
HFCL
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 1.44%

High Pledged Promoter Holding

Lower pledged promoter holdings is considered better

A significant proportion of promoter holdings is pledged

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding36.24%8.58%1.78%6.68%46.72%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

AugSepDec '23MarJunSep9.05%8.35%8.18%7.65%7.02%6.68%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.43%

Top 5 Mutual Funds holding HFCL Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Quant Small Cap Fund - Growth - Direct Plan

Growth
5.0428%3.50%-0.82%4/98 (-1)
Quant Active Fund - Growth - Direct Plan

Growth
0.8073%1.39%-0.13%18/69 (-2)
Quant Business Cycle Fund - Growth - Direct Plan

Growth
0.6992%8.32%-1.03%3/41 (-2)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 23, 2024

Final
Final | Div/Share: ₹0.20

Dividend/Share

₹0.20

Ex DateEx Date

Sep 23, 2024

Cash Dividend

Ex DateEx DateSep 22, 2023

Final
Final | Div/Share: ₹0.20

Dividend/Share

₹0.20

Ex DateEx Date

Sep 22, 2023

Cash Dividend

Ex DateEx DateSep 22, 2022

Final
Final | Div/Share: ₹0.18

Dividend/Share

₹0.18

Ex DateEx Date

Sep 22, 2022

Cash Dividend

Ex DateEx DateSep 22, 2021

Final
Final | Div/Share: ₹0.15

Dividend/Share

₹0.15

Ex DateEx Date

Sep 22, 2021

Cash Dividend

Ex DateEx DateSep 19, 2019

Final
Final | Div/Share: ₹0.10

Dividend/Share

₹0.10

Ex DateEx Date

Sep 19, 2019

News & Opinions
Corporate
HFCL wins multiple bids under BharatNet Phase III tenders

HFCL-Rail Vikas Nigam (RVNL)-Aerial Telecom Solutions, a Consortium has been declared as the Lowest Bidders by Bharat Sanchar Nigam (BSNL), for bids valued at Rs 6,925 crore to provide middle-mile network in Uttar Pradesh (East) and Uttar Pradesh (West) under the BharatNet Phase III programme of the Government of India. Additionally, the Consortium will be awarded 10 years of O&M order at an annual rate of 5.5% of capex for 1st five years and 6.5% for the subsequent five years which will be of worth Rs 4,155 crore, after commissioning of the first ring of network. HFCL has also emerged as the top bidder for Punjab circle for a bid value of Rs 1244 crore in the BharatNet Phase III tenders, on standalone basis. Furthermore, HFCL is expected to secure 10 years of O&M order valued at around Rs 746 crore with annual rates of 5.5% per annum of capex for 1st five years and 6.5% per annum of capex for next five years, after commissioning of the first ring of network.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
HFCL soars after Co's consortium emerges as L-1 bidder for BSNL project valued at Rs 6,925 crore

In a regulatory filing made during market hours today, the company announced HFCL-Rail Vikas Nigam (RVNL)-Aerial Telecom Solutions consortium has been declared as the lowest bidders by Bharat Sanchar Nigam (BSNL), for bids valued at Rs 6,925 crore to provide middle-mile network in Uttar Pradesh (East) and Uttar Pradesh (West) under the BharatNet Phase-III programme of the Government of India. Additionally, the consortium will be awarded 10 years of O&M order at an annual rate of 5.5% of capex for 1st five years and 6.5% for the subsequent five years which will be of worth Rs 4,155 crore, after commissioning of the first ring of network. HFCL has also emerged as the top bidder for Punjab circle for a bid value of Rs 1244 crore in the BharatNet phase III tenders, on standalone basis. Furthermore, HFCL is expected to secure 10 years of O&M order valued at around Rs 746 crore with annual rates of 5.5% per annum of capex for 1st five years and 6.5% per annum of capex for next five years, after commissioning of the first ring of network. The BharatNet Project is a landmark initiative by the Indian Government aimed at extending high-speed broadband connectivity to rural areas across the nation. Mahendra Nahata, managing director of HFCL said: 'Our proven track record in executing strategically critical projects, strengthens our standing as trusted partner of the Government of India. HFCL is well placed with a diverse product line that includes routers, optical fiber cables, fiber connectivity solutions, transport solutions, power management solutions etc., to address the needs of the BharatNet Phase III program. As a trusted BSNL partner, we look forward to continued collaborations and contributing significantly to the success of BharatNet Phase-III program.' HFCL is a leading technology company specializing in digital networks for telcos, enterprises, and governments. With its strong R&D expertise and global system integration services, HFCL offers innovative solutions like 5G RAN, 5G Transport, Wi-Fi, and defense electronics. The company has manufacturing plants in India and a global customer base, committed to quality and environmental sustainability. The company's consolidated net profit rose 4.50% to Rs 73 crore on 1.61% decline in revenue to Rs 1094 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Barometers near days low; Auto shares decline

The key equity benchmarks traded with substantial losses in afternoon trade. The Nifty dropped below the 24,600 level. Auto shares declined after advancing for two consecutive trading sessions. At 14:25 IST, the barometer index, the S&P BSE Sensex, was down 559.48 points or 0.67% to 80,558.65. The Nifty 50 index declined 193.25 points or 0.78% to 24,587.85. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index dropped 1.96% and the S&P BSE Small-Cap index tumbled 3.22%. The market breadth was weak. On the BSE, 558 shares rose and 3,380 shares fell. A total of 92 shares were unchanged. Economy: According to the RBI article, findings on monetary policy transmission in India suggest that monetary policy changes affect short term interest rates more than long-term rates. RBI in this article examines the impact of the monetary policy tightening that was undertaken since May 2022 in India. While anticipated policy changes do not have any instantaneous impact on long-term rates, policy 'surprises' significantly impact all market segments and across tenors. Policy signals tend to wane, however, beyond the three-year tenure, the paper noted. Policy 'surprises' are found to have a relatively lower but significant pass-through to the exchange rate and equity prices. In terms of the impact of the policy rate tightening on the real economy, a significant negative impact on inflation expectations is observed. The long-run elasticity of the policy rate with respect to inflation expectation reveals that an increase in policy rate anchors expectations effectively. As per the article, the macroeconomic impact of monetary policy on aggregate demand and inflation indicate that the 250 basis points increase since May 2022 has negatively contributed to aggregate demand and headline inflation by 160 bps each till Q2:2024-25, working through various channels of policy transmission. Buzzing Index: The Auto index declined 1.70% to 24,821.40. The index rose 0.96% in the past two trading session. Exide Industries (down 4.1%), Mahindra & Mahindra (down 2.88%), Samvardhana Motherson International (down 2.43%), Tata Motors (down 2.36%) and Apollo Tyres (down 2.1%), Bharat Forge (down 2.06%), TVS Motor Company (down 1.85%), Maruti Suzuki India (down 1.73%), Ashok Leyland (down 1.58%) and Bosch (down 1.53%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.43% to 6.935 as compared with previous close 6.950. In the foreign exchange market, the rupee was flat. The partially convertible rupee was hovering at 84.0750, compared with its close of 84.0750 during the previous trading session. MCX Gold futures for 31 October 2024 settlement rose 0.39% to Rs 77,807. The United States 10-year bond yield rose 0.65% to 4.214. In the commodities market, Brent crude for December 2024 settlement shed 26 cents or 0.35% to $74.03 a barrel. Stock in Spotlight: HFCL declined 6.32%. The company's consolidated net profit rose 4.50% to Rs 73 crore on 1.61% decline in revenue to Rs 1094 crore in Q2 September 2024 over Q2 September 2023.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
HFCL Q2 PAT rises 4.5% to Rs 73 cr

Profit before tax in Q2 FY25 stood at Rs 102.47 crore, up by 8.8% from Rs 94.18 crore reported in Q2 FY24. Current tax expense rose 57.02% YoY to Rs 20.13 crore in the second quarter. EBITDA jumped 14.7% year on year to Rs 172 crore in Q2FY25. EBITDA margin improved to 15.71% as against 13.47% registered in Q2 FY25. HFCL's managing director, Mahendra Nahata, highlighted the company's significant achievements in the second quarter, including a large-scale broadband network project for BSNL and a strategic partnership with GA-ASI for UAV development. Despite challenges posed by the global market and monsoon-related disruptions, HFCL's focus on new products, private customers, and international expansion is expected to drive improved revenue and profitability in the coming quarters. HFCL is a leading technology company specializing in digital networks for telcos, enterprises, and governments. With its strong R&D expertise and global system integration services, HFCL offers innovative solutions like 5G RAN, 5G Transport, Wi-Fi, and defense electronics. The company has manufacturing plants in India and a global customer base, committed to quality and environmental sustainability. Shares of HFCL dropped 5% to Rs 118.70 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
HFCL consolidated net profit rises 6.44% in the September 2024 quarter

Net profit of HFCL rose 6.44% to Rs 73.89 crore in the quarter ended September 2024 as against Rs 69.42 crore during the previous quarter ended September 2023. Sales declined 1.61% to Rs 1093.61 crore in the quarter ended September 2024 as against Rs 1111.49 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1093.611111.49 -2 OPM %14.4711.93 - PBDT127.95115.63 11 PBT102.4794.18 9 NP73.8969.42 6 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
HFCL announces board meeting date

HFCL will hold a meeting of the Board of Directors of the Company on 21 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
HFCL to hold AGM

HFCL announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
HFCL to convene AGM

HFCL announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
HFCL showcases its latest innovative highdensity blown fibre solutions

HFCL showcased its latest range of innovative highdensity blown fibre solutions at the Connected Britain 2024 event. The solutions include a comprehensive range of products including - a Compact Fibre Units (CFU) with capacities of up to 12 fibres, available in sizes between 1.1mm and 1.6mm diameter. A 36F Fibre Blown Nano family cable with a 2.4mm diameter. And a new Openreach's PIA approved 1F Aerial Drop Cable, with a 1mm diameter, has also been introduced. Together, these offerings will enable UK operators to connect customers more quickly, cost-effectively, and sustainably. These new additions, further expand HFCL's extensive optical fibre solution portfolio, paving the way for advanced fibre infrastructure and faster broadband rollouts in the UK, targeting Building Digital UK (BDUK) initiative.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
HFCL successfully commissions BSNL's Network Infrastructure Enhancement Project

HFCL has completed the successful commissioning of BSNL's Network Infrastructure Enhancement Project. Under this project, HFCL has commissioned the highly advanced version of Broadband Network Gateway (BNG), with Control and User Plane Separation (CUPS) architecture and associated subscriber Policy Manager & Authentication platform. The project involved a nationwide deployment across India, with a total value of Rs 390 crore, including Operations and Maintenance (O&M). This crucial infrastructure upgradation to CUPS architecture, executed by HFCL in alignment with BSNL's goal, will transform BSNL's network to support high-end enterprise customers as well as to bridge the digital divide, especially in rural and remote areas. This new architecture will enable BSNL to enhance its Fiber-to-the-Home (FTTH) based broadband network service expansion.Powered by Capital Market - Live

3 months agoCapital Market - Live