HFCL Ltd
HFCLHFCL Ltd
HFCLPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
AvgThe stock has a moderate number of red flags
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
48.48 | 4.58 | 0.16% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
-146.21 | 13.09 | 0.33% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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
View olderÂPeers
Compare with peersÂITI Ltd
Tejas Networks Ltd
Sterlite Technologies Ltd
Vindhya Telelinks Ltd
Birla Cable Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
Revenue Forecast
Earnings Per Share Forecast
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 2,948.83 | 2,152.82 | 3,253.27 | 4,780.53 | 3,860.99 | 4,457.72 | 4,770.18 | 4,790.49 | 4,566.57 | 4,695.87 | ||||||||||
Raw Materials | 632.33 | 601.43 | 1,350.91 | 2,363.83 | 1,403.39 | 2,422.61 | 2,217.25 | 2,545.34 | 2,190.77 | 3,964.95 | ||||||||||
Power & Fuel Cost | 7.47 | 9.94 | 11.66 | 14.96 | 16.32 | 26.33 | 35.10 | 49.04 | 43.95 | |||||||||||
Employee Cost | 159.45 | 152.49 | 168.13 | 199.76 | 224.34 | 252.85 | 310.56 | 348.19 | 350.53 | |||||||||||
Selling & Administrative Expenses | 251.13 | 101.58 | 117.47 | 126.39 | 129.21 | 156.13 | 189.28 | 199.78 | 219.68 | |||||||||||
Operating & Other expenses | 1,654.41 | 1,079.03 | 1,297.85 | 1,617.46 | 1,572.61 | 1,019.59 | 1,331.23 | 982.37 | 1,078.58 | |||||||||||
EBITDA | 244.04 | 208.35 | 307.25 | 458.13 | 515.12 | 580.21 | 686.76 | 665.77 | 683.06 | 730.92 | ||||||||||
Depreciation/Amortization | 26.18 | 21.75 | 23.22 | 26.97 | 41.95 | 68.63 | 78.25 | 82.97 | 81.76 | 88.96 | ||||||||||
PBIT | 217.86 | 186.60 | 284.03 | 431.16 | 473.17 | 511.58 | 608.51 | 582.80 | 601.30 | 641.96 | ||||||||||
Interest & Other Items | 61.50 | 62.39 | 63.63 | 91.87 | 114.82 | 174.72 | 166.40 | 152.19 | 147.28 | 163.39 | ||||||||||
PBT | 156.36 | 124.21 | 220.40 | 339.29 | 358.35 | 336.86 | 442.11 | 430.61 | 454.02 | 478.57 | ||||||||||
Taxes & Other Items | 0.77 | 1.28 | 52.53 | 119.38 | 131.11 | 97.86 | 128.99 | 129.64 | 124.21 | 101.08 | ||||||||||
Net Income | 155.59 | 122.93 | 167.87 | 219.91 | 227.24 | 239.00 | 313.12 | 300.97 | 329.81 | 377.49 | ||||||||||
EPS | 1.26 | 0.99 | 1.35 | 1.75 | 1.78 | 1.86 | 2.35 | 2.19 | 2.34 | 2.62 | ||||||||||
DPS | 0.00 | 0.00 | 0.06 | 0.10 | 0.00 | 0.15 | 0.18 | 0.20 | 0.20 | 0.20 | ||||||||||
Payout ratio | 0.00 | 0.00 | 0.04 | 0.06 | 0.00 | 0.08 | 0.08 | 0.09 | 0.09 | 0.08 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
Communication ServicesTelecom Equipments
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
HFCL Ltd | 55.49 | 4.58 | 0.16% |
ITI Ltd | -65.85 | 21.00 | — |
Tejas Networks Ltd | 368.20 | 7.36 | — |
Sterlite Technologies Ltd | -117.94 | 2.97 | — |
Price Comparison
Compare HFCL with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 1.44%
High Pledged Promoter Holding
A significant proportion of promoter holdings is pledged
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Quant Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 5.0428% | Percentage of the fund’s portfolio invested in the stock 3.50% | Change in the portfolio weight of the stock over the last 3 months -0.82% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 4/98 (-1) |
Quant Active Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8073% | Percentage of the fund’s portfolio invested in the stock 1.39% | Change in the portfolio weight of the stock over the last 3 months -0.13% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 18/69 (-2) |
Quant Business Cycle Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6992% | Percentage of the fund’s portfolio invested in the stock 8.32% | Change in the portfolio weight of the stock over the last 3 months -1.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 3/41 (-2) |
Compare 3-month MF holding change on Screener
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
Dividend/Share
₹0.20
Ex DateEx Date
Sep 23, 2024
Cash Dividend
Ex DateEx DateSep 22, 2023
Dividend/Share
₹0.20
Ex DateEx Date
Sep 22, 2023
Cash Dividend
Ex DateEx DateSep 22, 2022
Dividend/Share
₹0.18
Ex DateEx Date
Sep 22, 2022
Cash Dividend
Ex DateEx DateSep 22, 2021
Dividend/Share
₹0.15
Ex DateEx Date
Sep 22, 2021
Cash Dividend
Ex DateEx DateSep 19, 2019
Dividend/Share
₹0.10
Ex DateEx Date
Sep 19, 2019
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
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
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
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
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
HFCL will hold a meeting of the Board of Directors of the Company on 21 October 2024.Powered by Capital Market - Live
HFCL announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live
HFCL announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live
HFCLÂ 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
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
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of -0.91%, vs industry avg of 3.9%
Decreasing Market Share
Over the last 5 years, market share decreased from 30.75% to 23.39%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 8.44%, vs industry avg of -44.71%