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.
Price
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Key Metrics
REVENUE
₹4,949 Cr
TTM · consolidated
NET PROFIT
₹329 Cr
TTM · consolidated
EPS
₹2.13
TTM · consolidated
RETURN ON EQUITY
7.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
13.7%
TTM · consolidated
P/E
105.3x
Q4 FY26 · consolidated
EV/EBITDA
43.6x
Q4 FY26 · consolidated
EBITDA MARGIN
16.7%
TTM · consolidated
NET PROFIT MARGIN
10.1%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.3x
Q4 FY26 · consolidated
Peers · Telecom - Infrastructure
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
HFCL Ltd.HFCL | 10,597 | 105.34 | 43.60 | 21.8% | 16.7% | 7.6% | 13.7% | +169.1% |
Indus Towers Ltd.INDUSTOWER | 1,13,164 | 14.97 | 5.81 | 7.9% | 57.1% | 20.8% | 20.5% | +0.2% |
Pace DigitekPACEDIGITK | 3,402 | 12.99 | 8.16 | — | 19.0% | 13.9% | 16.5% | — |
GTL Infra.GTLINFRA | 1,319 | 3.10 | 14.75 | 27.0% | 27.5% | -9.5% | -32.7% | -26.6% |
Vindhya TelelinkVINDHYATEL | 1,227 | 9.92 | 14.95 | -11.4% | 6.7% | 5.3% | 4.2% | +7.0% |
Suyog TelematicsSUYOG | 727 | 15.52 | 6.62 | — | 76.6% | 14.9% | 17.2% | -1.6% |
As of Q4 FY26
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.
Price
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Start your research today
Unlock AI insights, financials, peers and live data on HFCL Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹4,949 Cr
TTM · consolidated
NET PROFIT
₹329 Cr
TTM · consolidated
EPS
₹2.13
TTM · consolidated
RETURN ON EQUITY
7.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
13.7%
TTM · consolidated
P/E
105.3x
Q4 FY26 · consolidated
EV/EBITDA
43.6x
Q4 FY26 · consolidated
EBITDA MARGIN
16.7%
TTM · consolidated
NET PROFIT MARGIN
10.1%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.3x
Q4 FY26 · consolidated
Peers · Telecom - Infrastructure
As of Q4 FY26