HFCL

₹127.83 +8.47 (7.1%)

05 Nov, 2024 20:50

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Performance

  • Low
  • ₹119
  • High
  • ₹129
  • 52 Week Low
  • ₹65
  • 52 Week High
  • ₹171
  • Open Price₹119
  • Previous Close₹119
  • Volume38,171,252

Investment Returns

  • Over 1 Month -8.58%
  • Over 3 Month -3.72%
  • Over 6 Month + 27.07%
  • Over 1 Year + 93.54%
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HFCL Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 48.9
  • PEG Ratio
  • 2.1
  • Market Cap Cr
  • 18,442
  • P/B Ratio
  • 4.6
  • Average True Range
  • 6.5
  • EPS
  • 2.1
  • Dividend Yield
  • 0.2
  • MACD Signal
  • -6.57
  • RSI
  • 48.68
  • MFI
  • 48.89

HFCL Financial

IndicatorSep 24Jun 24Mar 24Dec 23Sep 23
Net Sales/Income from operations1,011.571,065.521,238.04954.471,001.76
Total Income From Operations1,011.571,065.521,238.04954.471,001.76
P/L Before Interest, Excpt. Items & Tax139.83156.85184.10131.56117.40
P/L Before Exceptional Items & Tax104.26123.10153.35103.3390.25
P/L After Tax from Ordinary Activities74.88113.98115.4477.9267.55
Net Profit/Loss For the Period74.88113.98115.4477.9267.55
IndicatorMar 24Mar 23
Revenue From Operations [Gross]4,070.194,389.31
Revenue From Operations [Net]4,070.194,389.31
Total Operating Revenues4,074.594,395.68
Total Revenue4,174.724,445.14
Total Expenses3,762.274,103.45
Profit/Loss Before Tax412.45341.69
Profit/Loss For The Period309.66254.60
IndicatorMar 24Mar 23
Net CashFlow - Operating Activity-110.90184.87
Net Cash Used In Investing Activity-409.91-10.54
Net Cash Used in Finance Activity480.32-127.31
Net Inc/Dec In Cash And Equivalent-40.4947.02
Cash And Equivalent End Of Year20.8661.35
IndicatorMar 24Mar 23
Total Share Capital144.01137.64
Total Non-Current Liabilities263.09153.57
Total Current Liabilities2,045.221,933.78
Total Capital And Liabilities6,130.005,080.37
Total Non-Current Assets1,884.791,326.92
Total Current Assets4,245.213,753.45
Total Assets6,130.005,080.37
Indicator20242023
EBIT Margin (%)12.9410.43
Return On Capital Employed (%)12.9114.57
Return On Equity (%)8.108.51
Long Term Debt To Equity (%)3.532.79
Book Value/Share (INR)26.5421.73
IndicatorSep 24Jun 24Mar 24Dec 23Sep 23
Net Sales/Income from operations1,093.611,158.241,326.061,032.311,111.49
Total Income From Operations1,093.611,158.241,326.061,032.311,111.49
P/L Before Interest, Excpt. Items & Tax146.34161.30189.15144.18128.32
P/L Before Exceptional Items & Tax101.46118.99149.50107.6393.54
P/L After Tax from Ordinary Activities72.32110.85109.4182.2069.53
Net Profit/Loss For the Period72.32110.85109.4182.2069.53
IndicatorMar 24Mar 23
Revenue From Operations [Gross]4,457.624,734.78
Revenue From Operations [Net]4,457.624,734.78
Total Operating Revenues4,465.054,743.31
Total Revenue4,565.644,790.49
Total Expenses4,112.554,359.79
Profit/Loss Before Tax453.09430.70
Profit/Loss For The Period336.59317.80
IndicatorMar 24Mar 23
Net CashFlow - Operating Activity-44.87236.41
Net Cash Used In Investing Activity-448.72-44.63
Net Cash Used in Finance Activity454.01-144.80
Net Inc/Dec In Cash And Equivalent-39.5846.98
Cash And Equivalent End Of Year23.3363.67
IndicatorMar 24Mar 23
Total Share Capital144.01137.64
Total Non-Current Liabilities303.05186.29
Total Current Liabilities2,183.952,142.16
Total Capital And Liabilities6,486.835,472.59
Total Non-Current Assets1,953.331,390.44
Total Current Assets4,533.504,082.15
Total Assets6,486.835,472.59
Indicator20242023
EBIT Margin (%)13.4412.28
Return On Capital Employed (%)13.9517.50
Return On Equity (%)8.339.69
Long Term Debt To Equity (%)4.273.55
Book Value/Share (INR)27.7722.83

HFCL Technicals

EMA & SMA

Current Price
₹127.83
+ 8.47 (7.1%)
pointer
  • stock-down_img
  • Bullish Moving Average 10
  • stock-up_img
  • Bearish Moving Average 6
  • 20 Day
  • ₹126.44
  • 50 Day
  • ₹132.90
  • 100 Day
  • ₹129.68
  • 200 Day
  • ₹117.93

Resistance and Support

125.14 Pivot Speed
  • R3 142.05
  • R2 135.52
  • R1 131.67
  • S1 121.29
  • S2 114.76
  • S3 110.91

Is HFCL Worth Buying?

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

HFCL Ltd. specializes in telecom equipment manufacturing and turnkey services, offering advanced optical fiber solutions, telecom products, and defence solutions globally. Its strong R&D and global partnerships drive innovation across telecom, defence, and networking sectors. HFCL has an operating revenue of Rs. 4,610.22 Cr. on a trailing 12-month basis. An annual revenue de-growth of -5% needs improvement, Pre-tax margin of 10% is healthy, ROE of 8% is fair but needs improvement. The company has a reasonable debt to equity of 4%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and around 5% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 60 which is a FAIR score but needs to improve its earnings, a RS Rating of 65 which is FAIR indicating the recent price performance, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 90 indicates it belongs to a poor industry group of Computer-Networking and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment. Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation. (+)

HFCL Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-10-21 Quarterly Results
2024-07-24 Quarterly Results
2024-05-03 Audited Results
2024-02-01 Quarterly Results (Revised) per share(15%)Dividend
2023-10-19 Quarterly Results
Date Purpose Remarks
2023-09-23 FINAL Rs.0.20 per share(20%)Final Dividend

HFCL F&O

HFCL Shareholding Pattern

36.24%
8.58%
0.06%
6.68%
0%
31.89%
16.55%

About HFCL

Himachal Futuristic Communications Limited (HFCL) is one of India's largest private organizations. It designs and manufactures cutting-edge telecom equipment and provides unique and customised end-to-end communication solutions. The company has significant manufacturing and research & development facilities in-house. It has a permanent workforce of about 2000 professionals. It has its operations in Solan (Himachal Pradesh), Goa, and Chennai (Tamil Nadu), and Gurgaon (Haryana) and New Delhi are the corporate headquarters of the HFCL.

Product and Services of HFCL

1. Telecommunication equipment, optical fibre cables, and intelligent power systems are among the company's specialities.

2. The Company has set up CDMA and GSM networks, satellite communications, wireless spectrum management, and a DWDM optical transmission network as a telecommunication solutions provider.

3. For telecommunication firms, railways, the oil and gas industry, and high-security applications as the Defense and internal security agencies require, HFCL has installed over 25,000 2G/3G cell sites and rolled out over 100,000 kilometres of optical fibre cable networks.

4. With over 1,200 individuals on its payroll, it has a national presence.

5. The company concentrates on new high-growth markets such as railways, homeland security, smart cities, and defence.

Subsidiaries of HFCL

1. HFCL Advance Systems

2. Moneta Finance Ltd

3. HTL Limited

4. DragonWave HFCL Ltd.

5. Raddef private limited

6. Polixel Security Systems

Timeline and Development

On 11 May 1987, Himachal Futuristic Communications Ltd was formed.

To manufacture 1+1 and 1+7 Analog Subscriber Carrier Systems, the HFCL entered into a technical partnership agreement with Seiscor Technologies Inc USA.

In addition, Philips Kommunikation Industries AG of Germany signed a Memorandum of Understanding to manufacture the Digital Subscriber Carrier System.

In 1991, the business established two new companies, Himachal Telematics Ltd in Solan to produce digital microwave radio transmission equipment and fax machines, and Microwave Communication Ltd in Delhi to establish a radio paging network in several of the country's major cities.

In 1993-94, the company acquired Kaldev Trader & Investment Ltd and Coubndge Construction (Delhi) Ltd.

In the same year, HFCL also signed deals with telecom behemoths such as Korea's Kong Song Communication & Electronics Co Ltd to manufacture radio pagers and satellite video receivers.

In the 1995-96 fiscal year, Himachal Telematics Ltd was amalgamated with the HFCL corporation.

In 1997, the business was awarded a contract to build an information superhighway for Essar Commvision Ltd's basic telephone project in the Punjab circle.

In 1996-97, the company's Optical Fibre Cable Plant in Goa began commercial production.

In 1998, the company joined the information technology market by providing software solutions to the telecommunications industry.

During the fiscal year 1998-99, the business got Purchase Orders for STM-1 Optical Line Terminal Equipment worth Rs 22 crore and an advance Purchase Order for STM-16 Systems worth ₹100 crore.

In 1999, the company entered the software export market and built a state-of-the-art facility in Delhi to support it. Reliance WorldTel awarded HFCL a contract to build an Internet backbone in Tamil Nadu.

From 1999 to 2000, the business launched two joint ventures, Consolidated Futuristic Solutions Ltd and Excel Net commerce Ltd, in software and B2B E-commerce, respectively, with the Kerry Packer Group of Australia.

During 2000-01, the business formed two subsidiaries: HFCL Infotel Ltd and Consolidated Futuristic Solutions Ltd.

During the fiscal year 2001-02, the business paid ₹55 crore for 74% of HTL Ltd, a public sector initiative that manufactures the country's largest switching equipment.

With effect from 16 October 2001, HTL Ltd became a subsidiary of the corporation.

In addition, the firm sold a portion of its stock in Consolidated Futuristic Solutions Ltd. As a result, Consolidated Futuristic Solutions Ltd ceased to be a subsidiary of the company on 6 December 2001.

From 1 September 2002, HFCL Infotel Ltd amalgamated with the Investment Trust of India Ltd, a Chennai-based firm, and was renamed HFCL Infotel Ltd.

With effect from 31 March 2003, the owned subsidiary firm HFCL Trade-Invest Ltd amalgamated with the company during the fiscal year 2002-03.

From 30 September 2003, the Company's subsidiary, the Investment Trust of India Ltd, ceased to exist.

During the 2003-04 fiscal year, the company's cable business joined the cable TV market and quickly became a dominating player.

During the fiscal year 2004-05, the business executed the largest ever WLL CorDect order of 200 Klines and 60% of MTNL's CDMA Infrastructure order.

With effect from 11 July 2006, Moneta Finance (P) Ltd has become the company's completely owned subsidiary.

HFCL requested the delisting of its GDRs from the London Stock Exchange and the Luxembourg Stock Exchange for the fiscal year ending 31 March 2014.

Following the departure of the Depository, Bank of New York (BNY Mellon), the GDRs were delisted from the London Stock Exchange and the Luxembourg Stock Exchange, respectively, on 21 March 2014, and 23 December 2013, respectively.

Due to a lack of liquidity, with almost no trading and investors' dwindling interest in depositary receipts, HFCL has not selected a Successor Depository and has terminated the Deposit Agreement.

HFCL enhanced its success in its manufacturing and turnkey business divisions for the year ending 31 March 2015.

In the financial year ending 31 March 2016, HFCL had its highest ever revenue of ₹2,570 crore. It performed admirably across all business sectors.

With shipments to over 25 countries in FY 2016, the firm has established itself as a global provider of OFC goods (16 countries in FY 2015).

Despite fierce market rivalry from domestic and international competitors, HFCL earned its highest-ever export revenue of ₹75.27 crore in FY 2016 (₹34.88 crore in FY 2015).

During FY 2015 and FY 2016, the business competed in four significant contracts announced by BSNL to establish a nationwide defence Telecom network, totalling around ₹5,000 crore.

HFCL's Goa facility completed a complete modernisation for the fiscal year ending 31 March 2017. The yearly capacity was also increased from 5 MFkm to 7.2 MFkm and several additional cable variations.

HFCL's Goa factory produced new compact designs for micro-optical fibre cables with smaller diameters and new dry-dry optical fibre cables in FY 2018.

In FY2018, HFCL was awarded a three-year contract by Nokia to deliver optical fibre cables for the EU-funded Digital Poland Project.

The Board of Directors authorised changing the company's name from Himachal Futuristic Communications Limited to HFCL Limited at its meeting on 15 May 2019.

Market Cap

The market capitalization of HFCL is ₹9,237 crore as of 18th May 2022. In the fiscal year ended 31 March 2021, the HFCL spent 3.98% of its operating revenues on interest charges and 5.72% on staff costs. The stock returns were 260.0% over three years, compared to 64.32% for the Nifty Midcap 100.

Conclusion

Himachal Futuristic Communications Ltd (HFCL) is a multi-faceted telecom infrastructure enabler focusing on telecom infrastructure development, system integration, and the manufacturing and selling of high-end telecom equipment and optical fibre cable (OFC). HFCL is an internet component manufacturer and one of Reliance Jio's top service providers. Maharashtra, Chhattisgarh, and Telangana supply fibre optics for Bharat Net projects. The 5G rollout is projected to boost HFCL as well.

(+)
  • NSE Symbol
  • HFCL
  • BSE Symbol
  • 500183
  • Managing Director
  • Mr. Mahendra Nahata
  • ISIN
  • INE548A01028

HFCL FAQs

HFCL share price is ₹127 As on 05 November, 2024 | 20:36

The Market Cap of HFCL is ₹18441.7 Cr As on 05 November, 2024 | 20:36

The P/E ratio of HFCL is 48.9 As on 05 November, 2024 | 20:36

The PB ratio of HFCL is 4.6 As on 05 November, 2024 | 20:36

Mahendra Nahata, along with Dr Deepak Malhotra and Vinay Maloo.

The top 5 Peers for HFCL are ITI Ltd., Optiemus Infracom Ltd., MRO-TEK Realty Ltd., Kavveri Telecom Products Ltd., and Shyam Telecom Ltd.
 

Q2FY23
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