HFCL Limited
HFCL Limited (HFCL) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Telecommunication›Telecommunication›Telecom - Services›Telecom - Infrastructure
hfcl.com(opens the company website in a new tab)Key metrics
Price as of 2026-09-03
Stock price
₹220.42
Market cap
33,817 Cr
Stock P/E
53.3
P/B
6.57
Dividend yield
0.0%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,111 Cr | 1,032 Cr | 1,326 Cr | 1,158 Cr | 1,094 Cr | 1,012 Cr | 801 Cr | 871 Cr | 1,043 Cr | 1,211 Cr | 1,824 Cr | 1,915 Cr |
| Operating expenses (approx.) | 979 Cr | 916 Cr | 1,130 Cr | 983 Cr | 935 Cr | 860 Cr | 837 Cr | 843 Cr | 853 Cr | 983 Cr | 1,510 Cr | 1,501 Cr |
| EBITDA | 133 Cr | 117 Cr | 196 Cr | 175 Cr | 158 Cr | 152 Cr | -36 Cr | 28 Cr | 190 Cr | 228 Cr | 314 Cr | 414 Cr |
| OPM % | 11.9% | 11.3% | 14.8% | 15.1% | 14.5% | 15.0% | -4.5% | 3.3% | 18.2% | 18.8% | 17.2% | 21.6% |
| Other income | 17 Cr | 47 Cr | 14 Cr | 11 Cr | 14 Cr | 20 Cr | 14 Cr | 15 Cr | 13 Cr | 15 Cr | 22 Cr | 31 Cr |
| Interest | 35 Cr | 37 Cr | 40 Cr | 42 Cr | 45 Cr | 47 Cr | 51 Cr | 56 Cr | 61 Cr | 63 Cr | 63 Cr | 62 Cr |
| Depreciation | 21 Cr | 19 Cr | 20 Cr | 24 Cr | 25 Cr | 26 Cr | 30 Cr | 32 Cr | 36 Cr | 44 Cr | 45 Cr | 51 Cr |
| Profit before tax | 94 Cr | 108 Cr | 149 Cr | 119 Cr | 102 Cr | 100 Cr | -105 Cr | -45 Cr | 106 Cr | 138 Cr | 228 Cr | 332 Cr |
| Tax % | 25.5% | 23.6% | 26.8% | 6.9% | 28.4% | 27.6% | 20.6% | 34.5% | 32.4% | 25.9% | 19.1% | 25.9% |
| Net profit | 70 Cr | 82 Cr | 109 Cr | 111 Cr | 73 Cr | 73 Cr | -83 Cr | -29 Cr | 72 Cr | 102 Cr | 184 Cr | 246 Cr |
| EPS (₹) | ₹0.50 | ₹0.58 | ₹0.76 | ₹0.77 | ₹0.51 | ₹0.51 | ₹-0.56 | ₹-0.22 | ₹0.47 | ₹0.67 | ₹1.21 | ₹1.49 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,738 Cr | 3,839 Cr | 4,423 Cr | 4,727 Cr | 4,743 Cr | 4,465 Cr | 4,065 Cr | 4,949 Cr | Sign in for TTM |
| Operating expenses (approx.) | 4,327 Cr | 3,345 Cr | 3,873 Cr | 4,077 Cr | 4,125 Cr | 3,884 Cr | 3,616 Cr | 4,187 Cr | Sign in for TTM |
| EBITDA | 411 Cr | 494 Cr | 550 Cr | 650 Cr | 619 Cr | 582 Cr | 449 Cr | 762 Cr | Sign in for TTM |
| OPM % | 8.7% | 12.9% | 12.4% | 13.8% | 13.0% | 13.0% | 11.0% | 15.4% | Sign in for TTM |
| Other income | 47 Cr | 22 Cr | 36 Cr | 43 Cr | 47 Cr | 101 Cr | 58 Cr | 65 Cr | Sign in for TTM |
| Interest | 92 Cr | 115 Cr | 176 Cr | 166 Cr | 152 Cr | 147 Cr | 185 Cr | 242 Cr | Sign in for TTM |
| Depreciation | 27 Cr | 42 Cr | 69 Cr | 78 Cr | 83 Cr | 82 Cr | 106 Cr | 157 Cr | Sign in for TTM |
| Profit before tax | 339 Cr | 358 Cr | 337 Cr | 442 Cr | 431 Cr | 454 Cr | 217 Cr | 428 Cr | Sign in for TTM |
| Tax % | 31.5% | 33.8% | 26.9% | 26.3% | 26.2% | 25.7% | 20.0% | 23.0% | Sign in for TTM |
| Net profit | 232 Cr | 237 Cr | 246 Cr | 326 Cr | 318 Cr | 338 Cr | 173 Cr | 329 Cr | Sign in for TTM |
| EPS (₹) | ₹1.77 | ₹1.77 | ₹1.86 | ₹2.38 | ₹2.18 | ₹2.33 | ₹1.23 | ₹2.13 | Sign in for TTM |
| Dividend payout % | — | — | — | 5.8% | 7.7% | 8.5% | 16.6% | 4.4% | Sign in for TTM |
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Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 127 Cr | 128 Cr | 128 Cr | 137 Cr | 138 Cr | 144 Cr | 144 Cr | 153 Cr |
| Reserves | 1,304 Cr | 1,540 Cr | 1,795 Cr | 2,681 Cr | 3,007 Cr | 3,856 Cr | 3,975 Cr | 4,796 Cr |
| Borrowings | 553 Cr | — | — | — | 748 Cr | 977 Cr | 1,341 Cr | 1,713 Cr |
| Other liabilities | 1,320 Cr | 2,161 Cr | 3,292 Cr | 2,353 Cr | 1,580 Cr | 1,510 Cr | 2,086 Cr | 2,206 Cr |
| Total liabilities | 3,304 Cr | 3,829 Cr | 5,216 Cr | 5,171 Cr | 5,473 Cr | 6,487 Cr | 7,546 Cr | 8,868 Cr |
| Fixed assets (net) | 202 Cr | — | — | — | 487 Cr | 496 Cr | 630 Cr | 913 Cr |
| CWIP | 64 Cr | — | — | — | 71 Cr | 154 Cr | 200 Cr | 85 Cr |
| Investments | 60 Cr | — | — | — | 87 Cr | 206 Cr | 175 Cr | 163 Cr |
| Loans & advances | 14 Cr | — | — | — | 21 Cr | 20 Cr | 16 Cr | 20 Cr |
| Inventories | 265 Cr | — | — | — | 758 Cr | 774 Cr | 899 Cr | 1,416 Cr |
| Trade receivables | 1,472 Cr | — | — | — | 1,886 Cr | 2,215 Cr | 1,892 Cr | 2,212 Cr |
| Cash & bank | 18 Cr | — | — | — | 64 Cr | 23 Cr | 71 Cr | 38 Cr |
| Other assets | 1,210 Cr | 3,829 Cr | 5,216 Cr | 5,171 Cr | 2,099 Cr | 2,598 Cr | 3,665 Cr | 4,020 Cr |
| Total assets | 3,304 Cr | 3,829 Cr | 5,216 Cr | 5,171 Cr | 5,473 Cr | 6,487 Cr | 7,546 Cr | 8,868 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 206 Cr | 236 Cr | -45 Cr | 396 Cr | -378 Cr |
| Cash from investing | — | — | — | -458 Cr | -45 Cr | -449 Cr | -518 Cr | -324 Cr |
| Cash from financing | — | — | — | 248 Cr | -145 Cr | 454 Cr | 170 Cr | 669 Cr |
| Net cash flow | — | — | — | -4 Cr | 47 Cr | -40 Cr | 47 Cr | -33 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 61 Cr | -105 Cr | -455 Cr | -13 Cr | -723 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 30.1% | 28.4% | 26.7% | 21.6% | 15.0% | 12.1% | 7.4% | 10.1% |
| ROE % | 15.4% | 13.7% | 12.4% | 11.1% | 9.6% | 8.2% | 4.3% | 6.3% |
| Debtor days | 113 | — | — | — | 145 | 181 | 169 | 163 |
| Inventory days | 38 | — | — | — | 137 | 146 | 171 | 271 |
| Days payable | 124 | — | — | — | 158 | 153 | 206 | 193 |
| Cash conversion cycle | 27 | — | — | — | 123 | 175 | 135 | 241 |
| Debt / equity | 0.00 | — | — | — | 0.24 | 0.25 | 0.33 | 0.35 |
| Current ratio | 1.56 | — | — | — | 1.91 | 2.08 | 1.86 | 1.99 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 1.11 | 1.64 | 2.83 | 2.20 |
Compare with peers
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