Who are the top shareholders of the HFCL?

The top shareholders of HFCL include Mn Ventures Private Limited with 18.98%, mutual funds holding 11.57%, and foreign institutional investors at 6.97%. Individual investors own 32.92%, with 49.72% of promoter holdings pledged.

The top shareholders of HFCL include a mix of institutional and individual investors. The largest promoter is Mn Ventures Private Limited, holding 18.98%. Additionally, there are significant stakes from mutual funds, with 40 schemes collectively holding 11.57%, and foreign institutional investors (FIIs) owning 6.97% through 148 different entities. The highest public shareholder is Quant Mutual Fund, specifically the Quant Active Fund, which holds 8.5%. Individual investors collectively own 32.92% of the company. It's worth noting that a substantial portion of the promoter holdings, specifically 49.72%, is pledged.

how big is HFCL?

As of Jun 06, HFCL Ltd has a market capitalization of 13,181.70 Cr, with recent net sales of 4064.52 Cr and a net profit of 177.40 Cr. Shareholder's funds are 3,955.54 Cr and total assets are 6,486.83 Cr as of the latest annual period ending in Mar'24.

Market Cap: As of Jun 06, HFCL Ltd has a market capitalization of 13,181.70 Cr, classifying it as a Mid Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, HFCL reported a sum of Net Sales amounting to 4064.52 Cr and a sum of Net Profit of 177.40 Cr. This data is on a Consolidated basis.<BR><BR>Balance Sheet Snapshot: This is Consolidated data for the latest annual period ending in Mar'24. The Shareholder's Funds are reported at 3,955.54 Cr, while the Total Assets stand at 6,486.83 Cr.

Has HFCL declared dividend?

HFCL Ltd has declared a 20% dividend, amounting to ₹0.2 per share, with an ex-date of September 23, 2024. While the dividend yield is 0.23%, recent total returns show significant fluctuations, with a total return of -30.6% over the last 6 months and 658.76% over the past 5 years.

HFCL Ltd has declared a 20% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 20%<BR>- Amount per share: 0.2<BR>- Ex-date: 23 Sep 24<BR><BR>Dividend Yield: 0.23%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -30.6%, with a dividend return of 0%, resulting in a total return of -30.6%.<BR><BR>Over the past year, the price return was -2.57%, the dividend return was 0.19%, leading to a total return of -2.38%.<BR><BR>In the 2-year period, there was a price return of 36.88%, a dividend return of 0.58%, culminating in a total return of 37.46%.<BR><BR>For the 3-year period, the price return stood at 43.86%, with a dividend return of 1.09%, resulting in a total return of 44.95%.<BR><BR>In the last 4 years, the price return was 98.44%, the dividend return was 1.10%, giving a total return of 99.54%.<BR><BR>Over the past 5 years, the price return reached 654.15%, with a dividend return of 4.61%, leading to a total return of 658.76%.<BR><BR>Overall, HFCL has declared a dividend, but the recent total returns indicate a mixed performance, with significant fluctuations in price returns across different periods. The dividend yield remains relatively low, suggesting that while dividends are being paid, the stock's price performance has varied widely.

Who are the peers of the HFCL?

HFCL's peers include Indus Towers, ITI, Tejas Networks, Optiemus Infra, Sterlite Tech., Vindhya Telelink, Suyog Telematics, Birla Cable, and Valiant Commun. Indus Towers shows excellent management and growth, while HFCL has a good capital structure but a 1-year return of -15.15%, better than Tejas Networks but worse than other peers.

Peers: The peers of HFCL are Indus Towers, ITI, Tejas Networks, Optiemus Infra, Sterlite Tech., Vindhya Telelink, GTL Infra., Suyog Telematics, Birla Cable, and Valiant Commun.<BR><BR>Quality Snapshot: Excellent management risk is observed at Indus Towers and HFCL, while Average management risk is found at Tejas Networks, Optiemus Infra, Sterlite Tech., Vindhya Telelink, Suyog Telematics, Birla Cable, and Valiant Commun., and the rest have Below Average management risk. Growth is Excellent at Indus Towers and Tejas Networks, while Good growth is seen at Optiemus Infra and the rest have Below Average growth. HFCL and Suyog Telematics exhibit Good capital structure, while Indus Towers has Average capital structure, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Optiemus Infra at 146.46%, while the lowest is Tejas Networks at -39.49%. HFCL's own 1-year return is -15.15%, which is better than Tejas Networks but worse than all other peers. Additionally, several peers, including Tejas Networks, Sterlite Tech., Vindhya Telelink, GTL Infra., Suyog Telematics, and Birla Cable, have negative six-month returns.

Who are in the management team of HFCL?

As of March 2023, the management team of HFCL includes Mahendra Nahata (Managing Director), Arvind Kharabanda (Director), Manoj Baid (President & Company Secretary), R M Kastia (Director), and several independent directors: Surendra Singh Sirohi, Tamali Sen Gupta, Bharat Pal Singh, and Ajay Kumar. They oversee the company's operations and strategic direction.

As of March 2023, the management team of HFCL includes the following individuals:<BR><BR>1. Mahendra Nahata - Managing Director<BR>2. Arvind Kharabanda - Director<BR>3. Manoj Baid - President & Company Secretary<BR>4. R M Kastia - Director<BR>5. Surendra Singh Sirohi - Non-Executive & Independent Director<BR>6. Tamali Sen Gupta - Non-Executive & Independent Director<BR>7. Bharat Pal Singh - Non-Executive & Independent Director<BR>8. Ajay Kumar - Independent Director<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

What does HFCL do?

HFCL Ltd is a telecom infrastructure enabler in the Mid Cap market, specializing in equipment and accessories. As of March 2025, it reported net sales of ₹8,007 Cr and a net loss of ₹814 Cr, with a market cap of ₹11,908 Cr.

Overview: <BR>HFCL Ltd is a diverse telecom infrastructure enabler operating in the Telecom - Equipment & Accessories industry within the Mid Cap market-cap bracket.<BR><BR>History: <BR>HFCL Ltd was incorporated as a Public Limited Company on May 11, 1987, originally named Himachal Futuristic Communications Limited. The company changed its name to 'HFCL Limited' effective from May 15, 2019. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 8,007 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: -814 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 11,908 Cr (Mid Cap)<BR><BR>Key Metrics: <BR>P/E: 68.00 <BR>Industry P/E: 16 <BR>Dividend Yield: 0.24% <BR>Debt-Equity: 0.21 <BR>Return on Equity: 4.35% <BR>Price to Book: 2.92<BR><BR>Contact Details: <BR>Address: 8 Electronics Complex, Chambaghat Solan Himachal Pradesh : 173213 <BR>Tel: 91-1792-230644 <BR>Email: investor@hfcl.com / secretarial@hfcl.com <BR>Website: http://www.hfcl.com

When is the next results date for HFCL?

The next results date for HFCL is 17 October 2025.

The next results date for HFCL is scheduled for 17 October 2025.

Are HFCL latest results good or bad?

HFCL's latest results show strong sequential improvements, with a 309.87% increase in net profit and a 19.78% rise in revenue for Q2 FY26. However, year-on-year declines in both net profit and revenue, along with rising interest costs and a low return on equity, indicate underlying challenges, suggesting a cautious outlook for investors.

HFCL's latest results present a mixed picture. On one hand, the company has shown significant sequential improvements in key financial metrics for Q2 FY26. Net profit surged to ₹68.06 crore, reflecting a remarkable 309.87% increase quarter-on-quarter, and revenue rose by 19.78% to ₹1,043 crore. Additionally, the operating margin improved dramatically to 18.24%, the highest in twelve quarters.<BR><BR>However, when looking at year-on-year performance, there are concerning trends. Both net profit and revenue declined compared to the same quarter last year, with net profit down 6.61% and revenue down 4.60%. The company is also facing challenges with a deteriorating return on equity, which stands at just 4.35%, significantly below its five-year average of 9.27%. <BR><BR>Moreover, HFCL's operational challenges are compounded by rising interest costs, which increased by 35.68% year-on-year, putting further pressure on profitability. The telecommunications sector as a whole has struggled, with HFCL's performance slightly better than the sector's overall decline.<BR><BR>In summary, while HFCL's recent quarter shows positive momentum in terms of margin and profit recovery, the year-on-year declines and ongoing operational issues suggest that the results are not entirely favorable. Investors may need to approach with caution, considering both the improvements and the underlying challenges.

Is HFCL overvalued or undervalued?

As of November 4, 2025, HFCL is fairly valued despite a high PE ratio of 398.76 and a low Price to Book Value of 0.27, indicating potential undervaluation relative to assets, while its performance metrics suggest it is not as overvalued as peers in the telecom equipment sector, despite underperforming the Sensex year-to-date.

As of 4 November 2025, HFCL's valuation grade has moved from expensive to fair, indicating a shift in its perceived value. The company is currently fairly valued despite its high PE ratio of 398.76, which suggests it may be overvalued compared to traditional benchmarks. However, its Price to Book Value stands at a low 0.27, indicating potential undervaluation relative to its assets. Additionally, the EV to EBITDA ratio is 56.66, which is high, yet it reflects the company's current market positioning.<BR><BR>When compared to peers, HFCL's valuation metrics stand out. For instance, Indus Towers is considered expensive with a PE of 11.3 and an EV to EBITDA of 5.96, while ITI is categorized as risky with a PE ratio of -589.23, indicating it is loss-making. The significant disparity in these ratios suggests that HFCL, while high in some metrics, is not as overvalued as its peers in the telecom equipment sector. Recent stock performance shows HFCL has underperformed the Sensex year-to-date, with a return of -31.87% compared to the Sensex's 6.81%, reinforcing the notion that it is currently fairly valued amidst a challenging market environment.

How has been the historical performance of HFCL?

HFCL's historical performance shows a decline in net sales and profits, with net sales dropping from 4,743.31 Cr in Mar'23 to 4,064.52 Cr in Mar'25, and profit after tax decreasing to 172.90 Cr. However, total assets increased to 7,546.29 Cr, and cash flow from operating activities improved significantly to 396.00 Cr in Mar'25.

Answer:<BR>HFCL's historical performance shows a fluctuating trend in net sales and profits over the years, with net sales reaching 4,064.52 Cr in Mar'25, down from 4,465.05 Cr in Mar'24 and 4,743.31 Cr in Mar'23. The total operating income followed a similar pattern, reflecting a decrease from 4,465.05 Cr in Mar'24 to 4,064.52 Cr in Mar'25. Operating profit (PBDIT) also declined to 506.75 Cr in Mar'25 from 682.13 Cr in Mar'24. Profit before tax decreased to 216.23 Cr in Mar'25, down from 453.09 Cr in Mar'24, leading to a profit after tax of 172.90 Cr in Mar'25 compared to 336.59 Cr in Mar'24. The earnings per share (EPS) fell to 1.23 in Mar'25 from 2.29 in Mar'24. On the balance sheet, total assets increased to 7,546.29 Cr in Mar'25 from 6,486.83 Cr in Mar'24, while total liabilities also rose to 7,546.29 Cr from 6,486.83 Cr in the same period. The cash flow from operating activities improved significantly to 396.00 Cr in Mar'25, contrasting with a negative cash flow of -44.00 Cr in Mar'24.<BR><BR>Breakdown:<BR>HFCL's net sales have shown a decline from 4,743.31 Cr in Mar'23 to 4,064.52 Cr in Mar'25, indicating a downward trend in revenue. The total operating income mirrored this decline, dropping to 4,064.52 Cr in Mar'25. Operating profit (PBDIT) decreased to 506.75 Cr in Mar'25 from 682.13 Cr in Mar'24, while profit before tax fell to 216.23 Cr, leading to a profit after tax of 172.90 Cr in Mar'25. The earnings per share also decreased to 1.23 in Mar'25. On the balance sheet, total assets rose to 7,546.29 Cr, reflecting growth despite the increase in total liabilities to the same amount. Notably, cash flow from operating activities improved significantly to 396.00 Cr in Mar'25, contrasting sharply with the previous year's negative cash flow, indicating a recovery in operational efficiency.

Should I buy, sell or hold HFCL?

Is HFCL technically bullish or bearish?

As of December 4, 2025, HFCL's technical stance is mildly bearish, driven by mixed indicators such as a mildly bullish weekly MACD, a bearish monthly MACD, and bearish daily moving averages, while the stock has significantly underperformed compared to the Sensex.

As of 4 December 2025, the technical trend has changed from bearish to mildly bearish. The current technical stance for HFCL is mildly bearish. Key indicators driving this stance include the weekly MACD showing mildly bullish momentum, while the monthly MACD remains bearish. The RSI on a monthly basis is bullish, but the weekly RSI shows no signal. Moving averages on a daily basis indicate a bearish trend. Additionally, both the KST and Dow Theory are mildly bearish on a weekly basis, further supporting the overall mildly bearish outlook. The stock has underperformed significantly compared to the Sensex over various time frames, particularly in the 1-month and year-to-date periods.

Which are the latest news on HFCL?

Why is HFCL falling/rising?

As of 17-Dec, HFCL Ltd's stock price is at 64.54, reflecting a decline of 1.31% and reaching a new 52-week low. The stock has significantly underperformed compared to the Sensex, with substantial losses over various time frames and concerning financial health indicators.

As of 17-Dec, HFCL Ltd's stock price is falling, currently at 64.54, which reflects a decrease of 0.86 or 1.31%. The stock has been on a downward trend, having lost value for the last four consecutive days, amounting to a total decline of 3.38% during this period. Additionally, it has reached a new 52-week low of Rs. 64.2 today.<BR><BR>The stock's performance has significantly lagged behind the benchmark Sensex, with a one-week decline of 2.18% compared to a slight increase of 0.20% for the index. Over the past month, HFCL has experienced a substantial drop of 15.34%, while the Sensex has only decreased by 0.46%. Year-to-date, the stock has plummeted by 42.86%, contrasting sharply with the Sensex's gain of 8.22%. Furthermore, in the last year, HFCL's returns have been particularly poor, down 46.68%, while the Sensex has increased by 4.80%.<BR><BR>The company's financial health is also concerning, as it has reported negative results for the last four consecutive quarters, with net sales declining by 24.12% over the first nine months. The return on capital employed (ROCE) is notably low at 3.9, indicating poor profitability, and the operating profit has decreased at an annual rate of 8.15% over the last five years. Additionally, a significant portion of promoter shares, 56.93%, is pledged, which tends to exert further downward pressure on stock prices in a declining market.<BR><BR>Investor participation has also diminished, with a delivery volume that has fallen by 36.85% compared to the five-day average. The stock is trading below its moving averages across various time frames, suggesting a bearish trend. Overall, these factors contribute to the stock's ongoing decline.