HFCL Ltd (HFCL) share price, results, shareholding

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	1,111	1,032	1,326	1,158	1,094	1,012	801	871	1,043	1,211	1,824	1,915
Expenses	979	916	1,130	984	935	860	838	843	853	983	1,510	1,501
Operating Profit	133	117	196	175	158	152	-37	28	190	228	314	414
OPM %	12%	11%	15%	15%	14%	15%	-4.6%	3.3%	18%	19%	17%	22%
Other Income	18	47	14	10	15	21	14	15	13	17	22	31
Interest	35	37	40	42	45	47	51	56	61	63	63	62
Depreciation	21	19	20	24	25	26	30	32	36	44	45	51
Profit before tax	94	108	149	119	102	100	-105	-45	106	138	228	332
Tax %	25%	24%	27%	7%	28%	28%	-21%	-34%	32%	26%	19%	26%
Net Profit	70	82	109	111	73	73	-83	-29	72	102	184	246
EPS in Rs	0.49	0.58	0.76	0.77	0.51	0.51	-0.56	-0.22	0.47	0.64	1.17	1.49

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2,872	2,131	3,227	4,738	3,839	4,423	4,727	4,743	4,465	4,065	4,949	5,993
Expenses	2,600	1,944	2,944	4,320	3,346	3,873	4,077	4,125	3,884	3,615	4,186	4,847
Operating Profit	273	187	283	418	493	550	650	619	582	449	764	1,146
OPM %	10%	9%	9%	9%	13%	12%	14%	13%	13%	11%	15%	19%
Other Income	-29	21	24	40	22	31	37	47	102	58	63	83
Interest	62	62	64	92	115	175	166	152	147	185	242	249
Depreciation	26	22	23	27	42	69	78	83	82	106	157	176
Profit before tax	156	124	220	339	358	337	442	431	454	217	428	804
Tax %	0%	0%	22%	32%	34%	27%	26%	26%	26%	20%	23%
Net Profit	156	124	172	232	237	246	326	318	338	173	329	604
EPS in Rs	1.26	0.99	1.35	1.73	1.77	1.86	2.27	2.18	2.29	1.23	2.04	3.77
Dividend Payout %	0%	0%	4%	6%	0%	8%	8%	9%	9%	8%	10%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	6%	2%	1%	59%
Compounded Profit Growth	3%	5%	1%	1591%
Stock Price CAGR	31%	25%	41%		197%
Return on Equity	10%	8%	7%			7%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	124	124	124	124	127	128	128	137	138	144	144	153
Reserves	753	716	840	1,055	1,314	1,540	1,788	2,661	2,970	3,812	3,935	4,738
Borrowings	398	544	539	469	590	734	942	783	936	991	1,522	1,896
Other Liabilities	572	791	773	941	1,262	1,427	2,358	1,590	1,429	1,540	1,945	2,080
Total Liabilities	1,847	2,175	2,275	2,588	3,294	3,829	5,216	5,171	5,473	6,487	7,546	8,868
Fixed Assets	199	175	188	196	238	504	508	528	548	652	852	1,216
CWIP	4	1	2	10	86	34	36	108	268	469	602	486
Investments	272	57	50	55	60	58	41	55	70	194	158	135
Other Assets	1,373	1,943	2,035	2,327	2,911	3,233	4,631	4,480	4,586	5,172	5,935	7,031
Total Assets	1,847	2,175	2,275	2,588	3,294	3,829	5,216	5,171	5,473	6,487	7,546	8,868

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	129	0	136	207	34	172	145	205	235	-45	396	-378
Cash from Investing Activity	-45	37	-25	-30	-150	-167	-165	-458	-44	-449	-518	-324
Cash from Financing Activity	-74	-55	-114	-116	67	-7	25	248	-145	454	170	669
Net Cash Flow	10	-18	-3	61	-49	-1	5	-5	46	-40	47	-33
Free Cash Flow	111	-51	110	166	-143	5	41	23	-105	-454	-12	-723
CFO/OP	54%	12%	103%	102%	15%	53%	30%	41%	54%	13%	89%	-44%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	52	141	202	134	113	153	215	146	145	181	170	163
Inventory Days	259	192	140	56	41	96	65	98	113	135	145	191
Days Payable	320	307	260	148	134	227	262	173	131	141	174	136
Cash Conversion Cycle	-9	26	81	42	20	22	18	72	127	175	141	218
Working Capital Days	75	112	134	84	62	91	70	85	124	163	179	208
ROCE %	36%	24%	13%	18%	24%	21%	20%	19%	15%	13%	8%	11%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	37.84%	37.84%	37.69%	37.63%	36.24%	35.90%	34.37%	31.58%	30.02%	28.29%	28.29%	28.29%
FIIs	8.35%	8.18%	7.66%	7.02%	6.68%	6.70%	6.97%	7.75%	7.48%	7.48%	7.08%	15.74%
DIIs	4.64%	4.55%	5.68%	7.39%	8.69%	10.96%	13.26%	14.04%	13.57%	9.07%	8.57%	10.92%
Public	49.09%	49.37%	48.91%	47.91%	48.33%	46.40%	45.36%	46.61%	48.89%	55.13%	56.02%	45.02%
Others	0.08%	0.08%	0.06%	0.06%	0.05%	0.04%	0.04%	0.04%	0.04%	0.03%	0.02%	0.02%
No. of Shareholders	5,89,482	6,51,786	7,29,536	7,70,791	7,73,276	8,20,639	8,40,219	8,58,638	8,69,442	8,42,209	8,03,693	7,32,721

Fundamentals

Market Cap₹ 33,093 Cr.

Current Price₹ 216

Stock P/E57.8

Book Value₹ 32.0

ROCE10.8 %

ROE6.98 %

Dividend Yield0.09 %

Face Value₹ 1.00

Compounded Sales Growth (TTM)59%

Compounded Profit Growth (TTM)1591%

Consolidated figures.

Valuation

Market capRs 36,475 Cr

Enterprise valueRs 37,903 Cr

P/E (TTM)63.70x

Price to book7.46x

Price to sales6.09x

EV / EBITDA30.83x

EV / EBIT36.00x

EV / sales6.32x

Earnings yield1.57%

Dividend yield0.08%

P/E, 3-year average45.90x

P/B, 3-year average2.75x

P/E, 5-year average40.02x

P/B, 5-year average2.97x

Profitability

Operating margin (excl. other income)15.43%

Operating margin (incl. other income)16.71%

EBITDA margin20.51%

Pre-tax margin13.41%

Net profit margin9.55%

Net margin, latest quarter11.94%

ROE6.95%

ROCE10.81%

ROA3.80%

ROE, 3-year average6.90%

ROCE, 3-year average10.60%

ROA, 3-year average3.95%

ROE, 5-year average8.84%

ROCE, 5-year average13.20%

ROA, 5-year average4.71%

ROIC (approx.)12.83%

Tax rate22.97%

Other income / net worth1.30%

Growth

Sales growth (latest year)21.77%

Profit growth (latest year)75.72%

Sales CAGR, 3 years1.43%

Sales CAGR, 5 years2.27%

Profit CAGR, 3 years1.18%

Profit CAGR, 5 years5.46%

Sales growth QoQ4.98%

Profit growth QoQ28.07%

Sales growth YoY (latest quarter)119.85%

Per share

EPS (TTM)Rs 3.74

EPS (latest year)Rs 2.04

EPS (latest quarter)Rs 1.49

EPS, 3-year averageRs 1.85

EPS, 5-year averageRs 2.00

Book value per shareRs 31.96

Sales per shareRs 39.16

Cash flow per shareRs -2.47

Free cash flow per shareRs -4.72

Dividend per share (latest year)Rs 0.20

Dividend per share, 3-year averageRs 0.17

Dividend per share, 5-year averageRs 0.18

Dividends

Dividend payout9.82%

Dividend payout, 3-year average8.89%

Dividend payout, 5-year average8.75%

Efficiency

Asset turnover0.56x

Fixed asset turnover4.07x

Inventory turnover2.31x

Inventory days158 days

Debtor days163 days

Debtors turnover2.24x

Creditor days136 days

Cash conversion cycle218 days

Working capital days208 days

Leverage

Total debtRs 1,896 Cr

Cash and bankRs 468 Cr

Net debtRs 1,428 Cr

Debt to equity0.39x

Net debt / EBITDA1.16x

Interest coverage4.23x

Current ratio (filing 2026-03-31)1.99x

Quick ratio (filing 2026-03-31)1.57x

Trade payables (filing 2026-03-31)Rs 1,007 Cr

Owners' fund to total sources55.15%

Debt to assets21.39%

Cash flow

Cash from Operating Activity (latest year)Rs -378 Cr

Cash from Investing Activity (latest year)Rs -324 Cr

Cash from Financing Activity (latest year)Rs 669 Cr

Net Cash Flow (latest year)Rs -33 Cr

Free cash flow (latest year)Rs -723 Cr

FCFE (approx.: FCF + change in debt)Rs -349 Cr

Cash from ops / profit, 5 years0.28x

Statement figures

Net sales (TTM)Rs 5,993 Cr

Net sales (latest year)Rs 4,949 Cr

Sales (latest quarter)Rs 1,915 Cr

Operating profit excl. other income (latest year)Rs 764 Cr

Operating profit (latest quarter)Rs 414 Cr

Other income (TTM)Rs 83 Cr

EBITDA (TTM)Rs 1,229 Cr

PBDT (TTM)Rs 980 Cr

Profit before tax (TTM)Rs 804 Cr

Tax (latest year)Rs 98 Cr

Net profit (TTM)Rs 573 Cr

Net profit (latest year)Rs 312 Cr

Net profit (latest quarter)Rs 229 Cr

Depreciation (TTM)Rs 176 Cr

Depreciation (latest quarter)Rs 51 Cr

Interest (TTM)Rs 249 Cr

Cost of goods sold (latest year)Rs 3,271 Cr

Total expenditure (latest year)Rs 4,186 Cr

Total income (latest year)Rs 5,013 Cr

Share capitalRs 153 Cr

ReservesRs 4,738 Cr

Shareholders' fundsRs 4,891 Cr

Total assetsRs 8,868 Cr

Net blockRs 1,216 Cr

Capital work in progressRs 486 Cr

InvestmentsRs 135 Cr

ReceivablesRs 2,212 Cr

InventoryRs 1,416 Cr

Other liabilitiesRs 2,080 Cr

Shares outstanding (crore)153.03

Ownership

Promoter holding28.29% (-3.29 in a year)

Computed by MarketFriction from the consolidated statements. Returns use average balances.

P/E 63.7 is at the 83th percentile of its own 9.4-year range (median 34.7, low 6.3, high 385.7).

P/B 7.46 is at the 98th percentile (median 3.39).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	HFCL	Nifty 50	Difference
1 week	+13.1%	-2.8%	+15.9 pts
1 month	+0.7%	-6.8%	+7.5 pts
3 months	+11.1%	-7.6%	+18.8 pts
6 months	+251.3%	+0.4%	+250.8 pts
1 year	+212.0%	-9.9%	+221.9 pts
2 years	+47.7%	-13.6%	+61.2 pts
3 years	+209.0%	+14.2%	+194.8 pts
5 years	+229.9%	+27.9%	+202.0 pts

58 mutual fund schemes hold about ₹2,977 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).

Fund	Weight	Est. Cr
Quant Small Cap Fund	6.70%	2,381
Quant Value Fund	6.94%	135
Quant Multi Cap Fund	1.12%	86
Quant Momentum Fund	3.54%	48
Nippon India Nifty Smallcap 250 Index Fund	1.16%	41
Quant Focused Fund	3.92%	33
Nippon India Nifty 500 Momentum 50 Index Fund	2.42%	30
Samco Active Momentum Fund	3.84%	29
Quant ESG Integration Strategy Fund	8.33%	28
Quant Commodities Fund	7.03%	24
SBI Nifty Smallcap 250 Index Fund	1.16%	21
Motilal Oswal Nifty 500 Momentum 50 Index Fund	2.42%	20
Quant Teck Fund	6.34%	17
Motilal Oswal Nifty Smallcap 250 Index Fund	1.15%	15
ICICI Pru Nifty Smallcap 250 Index Fund	1.15%	9
HDFC NIFTY Smallcap 250 Index Fund	1.16%	9
Samco Multi Asset Allocation Fund	1.67%	7
JioBlackRock Nifty Smallcap 250 Index Fund	1.16%	5
Axis Nifty500 Momentum 50 Index Fund	2.42%	4
Motilal Oswal Nifty 500 Index Fund	0.13%	4
Edelweiss Nifty Smallcap 250 Index Fund	1.16%	3
Samco Multi Cap Fund	1.36%	3
Motilal Oswal Nifty MidSmall IT and Telecom Index Fund	5.84%	3
Samco Special Opportunities Fund	2.31%	3
Samco Dynamic Asset Allocation Fund	1.46%	2

Red flags

F-score 4 of 8

explain	Weak cash conversion Cash from operations was -3% of net profit over the last 3 years
look	Inventory outrunning sales Inventory grew 58% vs sales +22% in 2026
look	On NSE surveillance On NSE surveillance: ASM long-term

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures

Date	Who	Role	Side	Shares	Value	How
2026-03-06	HFCL Employees Trust	Other	other	6,000	Rs 0.01 Cr	Off Market
2026-02-17	HFCL Employees Trust	Other	other	26,300	Rs 0.05 Cr	Off Market
2026-02-11	HFCL Employees Trust	Other	other	44,000	Rs 0.09 Cr	Off Market
2025-12-04	HFCL Employees Trust	Other	other	75,600	Rs 0.16 Cr	Off Market
2025-11-21	HFCL Employees Trust	Other	other	43,800	Rs 0.09 Cr	Off Market
2025-10-23	HFCL Employees Trust	Other	other	32,400	Rs 0.07 Cr	Off Market
2025-09-26	HFCL Employees Trust	Other	other	30,600	Rs 0.06 Cr	Off Market
2025-03-28	HFCL Employees Trust	Other	other	41,900	Rs 0.09 Cr	Off Market
2024-11-14	HFCL Employees Trust	Other	other	10,000	Rs 0.02 Cr	Off Market
2024-11-12	HFCL Employees Trust	Other	other	20,000	Rs 0.04 Cr	Off Market
2024-10-18	HFCL Employees Trust	Other	other	41,600	Rs 0.09 Cr	Off Market
2024-09-12	HFCL Employees Trust	Other	other	12,000	Rs 0.02 Cr	Off Market

Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026

Sales ₹1,915 Cr +119.9% vs Jun 2025. Net profit ₹246 Cr +948.3%.

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2026-09-22	Dividend - Re 0.20 Per Share
2025-09-08	Dividend - Re 0.10 Per Share
2024-09-23	Annual General Meeting/Dividend - Rs 0.20 Per Share
2023-09-22	Annual General Meeting/Dividend - Re 0.20 Per Share
2022-09-22	Annual General Meeting/Dividend - Re 0.18 Per Share
2021-09-22	Annual General Meeting/Dividend - Rs 0.15 Per Share
2020-09-18	Annual General Meeting
2019-09-19	Annual General Meeting/Dividend - Rs 0.10 Per Share
2018-09-19	Annual General Meeting/Dividend Re 0.06 Per Share
2017-09-15	Annual General Meetin
2016-09-21	Annual General Meeting
2015-09-22	Annual General Meeting
2014-09-12	Annual General Meeting
2013-09-12	Annual General Meeting
2012-09-20	Annual General Meeting
2011-09-15	Annual General Meeting
2011-03-11	Annual General Meeting

Date	Type	What it says
2026-10-01	General Updates	Update on Sale of 2,17,594 equity shares i.e. entire stake, held in Nivetti Systems Private Limited
2026-10-01	Shareholder meeting	HFCL Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 29, 2026
2026-09-29	Shareholder meeting	Proceedings of Annual General Meeting held on September 29, 2026
2026-09-25	Concall / analyst meet	Schedule of meet
2026-09-23	General Updates	Intimation of ESG rating by Crisil ESG Ratings & Analytics Limited
2026-09-18	General Updates	Intimation of ESG rating by Niche Ninety Nine Capability and Certifications (OPC) Private Limited
2026-09-15	General Updates	General Updates on Intimation to Shareholders holding Shares in Physical Mode for furnishing PAN and KYC Details
2026-09-14	Press Release	A press release dated September 14, 2026, titled "Press Release on approval of Additional Investment of Approximately ₹820 crore for expansion o...
2026-09-14	Capacity addition	Capacity addition
2026-09-11	Concall / analyst meet	Schedule of meet with Jefferies India Forum on Friday, September 18, 2026 at The Oberoi, Gurugram.
2026-09-11	Concall / analyst meet	Schedule of meet with Arihant Capital Bharat Connect Conference, virtually on Tuesday, September 29, 2026
2026-09-11	Concall / analyst meet	Schedule of meet with Nomura India Power, Data Center & AI Infrastructure Tour 2026 on Wednesday, September 23, 2026 at Mumbai
2026-09-05	General Updates	Dispatch of Letter to Shareholders providing Web-Link to Annual Report
2026-09-05	Updates	Submission of Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26.
2026-09-05	Record Date	Record date for the purpose of Dividend is 22-Sep-2026.
2026-09-05	Shareholder meeting	Notice of Annual General Meeting to be held on September 29, 2026
2026-09-01	Order win	Intimation for entering into a long term supply agreement with a customer for supply of Optical Fiber Cables (OFC), worth USD 244 million approx. equ...
2026-08-19	General Updates	General Updates
2026-08-15	Concall / analyst meet	Schedule of meet
2026-08-10	Concall / analyst meet	Schedule of meet
2026-08-06	Concall / analyst meet	The management of the Company will be participating in the Nuvama India Conference 2026 (Singapore Edition) India: Shoring up Self-Reliance hosted by...
2026-08-04	Capacity addition	Capacity addition
2026-08-02	Order win	Bagging/Receiving of orders/contracts
2026-07-31	General Updates	Update on change in the Registered Office and consequent alteration of Memorandum of Association of HFCL Limited (the Company )
2026-07-30	Order win	Bagging an export order of USD 46.13 million approx. (equivalent to INR 441.53 crore approx.) for supply of Optical Fiber Cables (OFC)

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

Long Term Additional Surveillance Measure (Long Term ASM): stage 4Scrip PE is greater than 50 (4 trailing quarters)