HFCL Ltd.
NSE: HFCL · Telecom - Infrastructure
Snapshot
Unlock HFCL Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
HFCL Limited is a technology enterprise specialising in the manufacturing of high-end telecom equipment and the provision of turnkey network solutions. Its portfolio spans optical fibre cables, microwave radio systems, and 5G-enabled products, alongside integrated infrastructure services for railways and utility sectors.
Business Model
The company generates revenue through the manufacturing and sale of telecom hardware and by executing large-scale turnkey projects for network integration and infrastructure deployment. It operates through two primary segments: Telecom Products and Turnkey Contracts and Services.
Growth Outlook
Growth is driven by the expansion of 5G infrastructure, including a strategic collaboration with Qualcomm for 5G FWA and CPE product development. The company is also capitalising on modernisation initiatives within the Indian railway and utility sectors.
Key Risks
- Technological Obsolescence. Rapid advancements in telecommunications technology may render existing product lines obsolete if the company fails to innovate continuously.
- Project Execution Risk. As a provider of large-scale turnkey contracts, the company faces risks related to project delays, cost overruns, and regulatory hurdles in infrastructure deployment.
- Supply Chain Dependency. Reliance on global semiconductor and component suppliers for 5G and microwave equipment exposes the company to geopolitical trade tensions and supply chain disruptions.
- Concentration Risk. Significant dependence on the Indian telecom and railway sectors makes the company vulnerable to shifts in government spending and domestic capital expenditure cycles.
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Key Metrics
REVENUE
₹7,492 Cr
TTM · consolidated
NET PROFIT
₹927 Cr
TTM · consolidated
EPS
₹5.74
TTM · consolidated
RETURN ON EQUITY
18.9%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
26.2%
TTM · consolidated
P/E
38.3×
Q2 FY27 · consolidated
EV/EBITDA
22.0x
Q2 FY27 · consolidated
EBITDA MARGIN
22.5%
TTM · consolidated
NET PROFIT MARGIN
15.5%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.3x
Q2 FY27 · consolidated
Peers · Telecom - Infrastructure
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
HFCL Ltd.HFCL | ₹35,401 Cr | 38.3× | 22.02 | 101.0% | 22.5% | 18.9% | 26.2% | +198.9% |
Altius Telecom Infrastructure TrustALTIUSINVIT | ₹53,025 Cr | — | — | — | 41.0% | — | — | — |
Vindhya TelelinkVINDHYATEL | ₹3,204 Cr | 13.0× | 17.40 | -17.5% | 7.8% | 5.7% | 4.6% | +90.3% |
Bondada Engineering LimitedBONDADA | ₹3,060 Cr | — | — | — | 12.0% | — | — | -39.6% |
Pace DigitekPACEDIGITK | ₹3,014 Cr | 9.6× | 7.16 | — | 19.3% | 18.6% | 24.0% | -28.0% |
GTL Infrastructure LimitedGTLINFRA | ₹1,268 Cr | 1.3× | 14.68 | 1.4% | 32.8% | -19.3% | -48.9% | -27.6% |
As of Q2 FY27
Financials
HFCL Ltd.
NSE: HFCL · Telecom - Infrastructure
Snapshot
Unlock HFCL Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
HFCL Limited is a technology enterprise specialising in the manufacturing of high-end telecom equipment and the provision of turnkey network solutions. Its portfolio spans optical fibre cables, microwave radio systems, and 5G-enabled products, alongside integrated infrastructure services for railways and utility sectors.
Business Model
The company generates revenue through the manufacturing and sale of telecom hardware and by executing large-scale turnkey projects for network integration and infrastructure deployment. It operates through two primary segments: Telecom Products and Turnkey Contracts and Services.
Growth Outlook
Growth is driven by the expansion of 5G infrastructure, including a strategic collaboration with Qualcomm for 5G FWA and CPE product development. The company is also capitalising on modernisation initiatives within the Indian railway and utility sectors.
Key Risks
- Technological Obsolescence. Rapid advancements in telecommunications technology may render existing product lines obsolete if the company fails to innovate continuously.
- Project Execution Risk. As a provider of large-scale turnkey contracts, the company faces risks related to project delays, cost overruns, and regulatory hurdles in infrastructure deployment.
- Supply Chain Dependency. Reliance on global semiconductor and component suppliers for 5G and microwave equipment exposes the company to geopolitical trade tensions and supply chain disruptions.
- Concentration Risk. Significant dependence on the Indian telecom and railway sectors makes the company vulnerable to shifts in government spending and domestic capital expenditure cycles.
Start your research today
Unlock AI insights, financials, peers and live data on HFCL Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹7,492 Cr
TTM · consolidated
NET PROFIT
₹927 Cr
TTM · consolidated
EPS
₹5.74
TTM · consolidated
RETURN ON EQUITY
18.9%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
26.2%
TTM · consolidated
P/E
38.3x
Q2 FY27 · consolidated
EV/EBITDA
22.0x
Q2 FY27 · consolidated
EBITDA MARGIN
22.5%
TTM · consolidated
NET PROFIT MARGIN
15.5%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.3x
Q2 FY27 · consolidated
Peers · Telecom - Infrastructure
As of Q2 FY27