NSE HFCL · BSE 500183 · Communications Equipment · NIFTY 500

HFCL Share Price

Market closed · NSE price as of Thu 24 Sep, 10:29 AM IST
₹210.69 ▼ −₹5.16 · 2.39%
Day range · 24 Sep
₹210.00Low₹219.80High
52-week range
₹59.83Low · 27 Jan 2026₹257.00High · 31 Aug 2026

HFCL Overview

Where the price stands, how it has moved and how it sits against its averages.

HFCL shares last traded at ₹210.69 on the NSE, down 2.39% on the day. That is 18.0% below the 52-week high of ₹257.00 and 252.1% above the 52-week low of ₹59.83. The stock trades at 56.66× earnings, above the sector average of 15.79. Its market value is ₹32,441 Cr.

Price returns

1 Day▼ −2.39%
1 Week0.00%
This month▼ −12.73%
3 Months▲ +6.15%
6 Months▲ +206.46%
This year▲ +220.65%
1 Year▲ +188.52%

Against the market: 1 Month ▼ −4.59% · 3 Months ▲ +9.22% · 6 Months ▲ +208.28% · This year ▲ +265.19% · 1 Year ▲ +216.56%

Shading grows with the size of the move. We ask our data provider for a newer price every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next check from Mon 26 Oct, 9:15 AM. Its quotes are not real-time — the time at the top shows how current the price is.

Moving averages — price is above 2 of 6

  1. 20-day average₹231.84 ▼ price 9.1% below
  2. 10-day average₹225.87 ▼ price 6.7% below
  3. 50-day average₹220.12 ▼ price 4.3% below
  4. 5-day average₹214.69 ▼ price 1.9% below
  5. Today's price₹210.69
  6. 100-day average₹199.24 ▲ price 5.7% above
  7. 300-day average₹134.69 ▲ price 56.4% above

Each average is the mean closing price over that many trading days; averages above the current price sit higher on the ladder.

HFCL Financial Results

Revenue and net profit in ₹ crore, with the full statements underneath.

Revenue₹ crore
4,949
Net profit₹ crore · losses below zero
330
312

Year by year

Fiscal yearRevenueGrowthNet profitNet marginEPSDividend
FY 2026 ₹4,949 Cr ▲ +21.8% ₹312 Cr 6.3% ₹2.13 ₹0.20
FY 2025 ₹4,065 Cr ▼ −9.0% ₹177 Cr 4.4% ₹1.23 ₹0.10
FY 2024 ₹4,465 Cr ▼ −5.9% ₹330 Cr 7.4% ₹2.33 ₹0.20
FY 2023 ₹4,743 Cr ▲ +0.3% ₹301 Cr 6.3% ₹2.18 ₹0.20
FY 2022 ₹4,727 Cr ▲ +6.9% ₹313 Cr 6.6% ₹2.38 ₹0.18
FY 2021 ₹4,423 Cr ▲ +15.2% ₹239 Cr 5.4% ₹1.84 ₹0.15
FY 2020 ₹3,839 Cr — ₹227 Cr 5.9% ₹1.75 ₹0.00

Balance sheet — FY26

Owes (liabilities)Shareholders' equity
45%
55%
  • Total assets₹8,868 Cr
  • Total liabilities₹3,977 Cr
  • Shareholders' equity₹4,891 Cr
  • Total debt₹1,896 Cr
  • Cash & investments₹170 Cr
  • Current ratio1.99×
  • Revenue growth, 5 yr2.27% a year
  • EPS growth, 5 yr2.89% a year
  • Operating margin (TTM)16.20%
  • Net margin (TTM)10.08%

Cash flow — FY26

Operating activities
▼ −₹378 Cr
Investing activities
▼ −₹324 Cr
Financing activities
▲ ₹669 Cr
Free cash flow
▼ −₹723 Cr
Net change in cash
▼ −₹33 Cr

Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.

Full financial statements, FY20–FY26
₹ croreFY20FY21FY22FY23FY24FY25FY26
Total revenue3,838.914,422.964,727.114,743.314,465.054,064.524,949.27
Cost of revenue2,950.593,430.253,533.843,527.953,264.392,980.943,252.59
Gross profit888.32992.711,193.271,215.361,200.661,083.581,696.68
Operating expenses3,371.613,946.144,161.664,207.603,955.353,718.434,343.01
Operating income467.30476.82565.45535.71509.70346.09606.26
Depreciation41.9568.6378.2582.9781.76105.51157.38
Profit before tax358.35336.86442.12430.61454.02216.59427.68
Tax121.0290.62116.25112.90116.5043.3398.24
Net profit227.24239.00313.12300.97329.81177.40311.74
EPS (₹)1.751.842.382.182.331.232.13
Dividend per share (₹)0.000.150.180.200.200.100.20

HFCL vs Peers

Side by side with other communications equipment companies. The small bars compare each column.

CompanyPriceChangeMarket capP/EP/BROE (5 yr)Net marginDiv. yield
HFCL This stock ₹210.69 ▼ −2.39% ₹32,441 Cr 56.66 6.59 8.26% 10.08% 0.09%
ITI ₹250.90 ▼ −2.45% ₹24,128 Cr — 14.37 −6.93% 13.41% —
Tejas Networks ₹511.30 ▼ −2.03% ₹9,104 Cr — 3.27 −3.58% −82.38% —
Avantel ₹155.35 ▲ +6.29% ₹4,102 Cr 308.18 13.37 21.27% 7.11% 0.12%
Vindhya Telelinks ₹2,783.40 ▼ −2.72% ₹3,251 Cr 9.64 0.51 5.94% 6.13% 0.33%
Paramount Communications ₹60.05 ▼ −3.58% ₹1,965 Cr 32.84 2.52 12.24% 3.12% —

Peer prices and ratios as last reported by the data provider. Company names link to their own pages.

Shareholding Pattern

Who owns HFCL shares, quarter by quarter (latest on top).

PromoterFIIMFOther
Jun '26
28.3%
15.7%
47.6%
Mar '26
Dec '25
Sep '25
HolderSep '25Dec '25Mar '26Jun '26Change
Promoter30.02%28.29%28.29%28.29% 0.00 pts
FII7.48%7.48%7.08%15.74% ▲ +8.66 pts
MF11.86%6.68%6.92%8.42% ▲ +1.50 pts
Other50.64%57.55%57.71%47.55% ▼ −10.16 pts

HFCL Key Metrics

Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.

HFCLBenchmarkRule-of-thumb bands

Valuation The price against earnings, book value and sales

P/E (TTM)Price ÷ yearly earnings per share
56.66
▲ 259% above the sector average of 15.79
P/E, 12-month rangeLow 26.56 · high 380.53
9%
Today's P/E sits 9% of the way from its low to its high
P/BPrice ÷ book value per share
6.59
P/SMarket cap ÷ last 12 months' revenue
5.41
P/CFPrice ÷ cash flow per share
40.86

Profitability Of every ₹100 of sales, how much is kept?

Gross marginKept after the cost of goods
37.62%
▲ above its 5-yr average of 27.84%
Operating marginKept after running costs
16.20%
▲ above its 5-yr average of 11.17%
Pre-tax marginKept before tax
13.41%
▲ above its 5-yr average of 8.59%
Net marginKept as profit
10.08%
▲ above its 5-yr average of 6.47%

Returns & efficiency How well does it use its money?

Return on equityProfit on shareholders' money
6.95%
▼ below its 5-yr average of 8.26%
Return on assetsProfit on everything it owns
4.01%
▼ below its 5-yr average of 4.68%
Return on investmentProfit on long-term capital
6.55%
▼ below its 5-yr average of 7.82%
Return on capital employedProfit before interest and tax on equity + debt
7.75%

Growth Is the business getting bigger?

Revenue — last 12 months
+58.7%
▲ growing (off the scale)
Revenue — 3 yr, a year
+1.4%
▲ growing
Revenue — 5 yr, a year
+2.3%
▲ growing
Net profit — 3 yr, a year
+1.2%
▲ growing
Net profit — 5 yr, a year
+5.5%
▲ growing
EPS — last 12 months
+1,543.1%
▲ growing (off the scale)
EPS — 3 yr, a year
−0.9%
▼ shrinking
EPS — 5 yr, a year
+2.9%
▲ growing
Dividend — 3 yr, a year
0.0%
▲ growing
Book value — 5 yr, a year
+16.5%
▲ growing

Financial strength Can it pay its bills and debts?

Debt to equityBorrowings for every ₹1 of shareholders' money
0.39×
✓ Low debt
Current ratioShort-term assets for every ₹1 due within a year
1.99×
✓ Comfortable
Quick ratioLike the current ratio, without inventory
1.57×
✓ Comfortable
Interest coverOperating profit ÷ interest to pay
11.56×
✓ Strong
Payout ratioShare of profit paid as dividend
9.39%
• Keeps most

Per share What each share stands for

EPS (TTM)
₹3.80
Book value
₹31.96
Cash flow
₹5.47
Dividend
₹0.20
Revenue
₹40.25

The share price is 6.59× the book value behind each share.

Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.

All 109 metrics from the data provider

Valuation

P/E excluding extraordinary items, most recent fiscal year102.24
Current Dividend Yield - Common Stock Primary Issue, LTM0.09
Price to Book - most recent fiscal year6.80
P/E Basic excluding extraordinary items - TTM55.95
P/E including extraordinary items - TTM57.14
P/E excluding extraordinary items low, trailing 12 months26.56
Price to Tangible Book - most fiscal year7.89
Dividend Yield - 5 Year Average0.23
Price to sales - most recent fiscal year6.72
Dividend Yield - indicated annual dividend divided by closing price0.09
Price to Cash Flow per share - trailing 12 month40.86
P/E Normalized, most recent fiscal year101.18
P/E excluding extraordinary items high, trailing 12 months380.53
P/E excluding extraordinary items, most recent fiscal year quarter57.14
Price to sales - trailing 12 month5.55
Net Debt, LFY17,267.70

Per share

Dividend Per Share - 5 year average0.18
Cash Flow per share - trailing 12 month5.47
Cash Flow per share - most recent fiscal year3.33
EPS including extraordinary items - trailing 12 month3.80
EPS including extraordinary items - most recent fiscal year2.13
EBITD per share - trailing 12 month7.93
Revenue/share - trailing 12 month40.25
EPS excluding extraordinary items - trailing 12 month3.80
EPS Basic excluding extraordinary items - most recent fiscal year2.13
EPS Basic excluding extraordinary items - trailing 12 month3.80
Book value per share - most recent fiscal year31.96
Dividend per share - most recent fiscal year0.20
Revenue/share - most recent fiscal year33.75
EPS Normalized - most recent fiscal year2.15
Book value (tangible) per share - most recent fiscal year27.55
Dividends per share - trailing 12 month0.20
EPS excluding extraordinary items - most recent fiscal year2.13
Cash per share - most recent fiscal year1.11

Margins

Operating margin - trailing 12 month16.20
Gross Margin - 5 year average27.84
Operating margin - 1st historical fiscal year12.25
Operating Margin - 5 year average11.17
Net Profit Margin % - 1st historical fiscal year6.66
Gross Margin - 1st historical fiscal year34.28
Net Profit Margin % - trailing 12 month10.08
Net Profit Margin - 5 year average6.47
Pretax Margin - 5 year average8.59
Pretax margin - 1st historical fiscal year8.64
Pretax margin - trailing 12 month13.41
Free Operating Cash Flow/Revenue, 5 Year Average−6.05
Gross Margin - trailing 12 month37.62

Growth

EPS Change %, TTM over TTM1,543.09
Revenue growth rate, 5 year2.27
EPS growth rate, 5 year2.89
Revenue Change % - most recent quarter 1 year ago119.85
Growth rate% - dividend, 3 year0.00
Growth rate% - EPS, 3 year−0.87
Revenue/share (5 yr growth)−0.21
Tangible Book Value, Total Equity, 5 Year CAGR17.93
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR12.45
Capital Spending growth rate, 5 year26.63
Revenue Change %, TTM over TTM58.66
Growth rate% - Revenue, 3 year1.43
Book value per share growth rate, 5 year16.46
EPS Change % - most recent quarter 1 year ago777.27
Net Profit Margin growth rate, 5 year3.64
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR6.91
Total Debt, 5 Year CAGR15.02

Financial strength

Net Interest coverage - most recent fiscal year11.56
Free Cash Flow - most recent fiscal year−7,378.60
LT debt/equity - most recent fiscal year0.08
Quick ratio - most recent fiscal year1.57
Payout ratio - trailing 12 month5.35
Current ratio - most recent fiscal year1.99
Current EV/Free Cash Flow, LFY273.45
Total debt/total equity - most recent fiscal year0.39
Net Interest coverage - trailing 12 month3.90
Payout ratio - most recent fiscal year9.82

Returns & efficiency

Return on average equity - 5 year average8.26
Net Income/employee - trailing 12 month33,20,769.00
Revenue/employee - most recent fiscal year2,65,37,640.00
Return on investment - most recent fiscal year6.55
Return on average assets - most recent fiscal year4.01
Receivables turnover - most recent fiscal year1.81
Inventory turnover - most recent fiscal year2.81
Revenue/employee - trailing 12 month3,29,29,840.00
Return on average assets - 5 year average4.68
Net Income/employee - most recent fiscal year17,66,434.00
Asset turnover - most recent fiscal year0.60
Return on average equity - most recent fiscal year6.95
Return on investment - 5 year average7.82

Price & volume

Market Cap32,441.12
52 week Low Date27 Jan 2026
Price - 1 Day % Change−1.67
Relative (S&P500) price percent change - 13 week9.22
Avg trading volume last 10 days6.40
Price - 13 week price percent change6.15
Price - 52 week price percent change188.52
Avg Trading Volume Last 3 months409.71
Price - 5 Day % Change2.09
Price % Change Month To Date−12.73
Relative (S&P500) price percent change - 04 week−4.59
52 week High Date31 Aug 2026
Price - 26 week price percent change206.46
PDATE23 Sep 2026
Price - YTD price percent change220.65
Relative (S&P500) price percent change - 52 week216.56
NPRICE217.37
Relative (S&P500) price percent change - 26 week208.28
52 week Low59.82
52 week High256.70
Beta1.76
Relative (S&P500) price percent change - Year to Date265.19

Dividends & Corporate Events

Payouts to shareholders, splits and bonus issues, and company meetings — newest first.

Dividend per share₹ per share, by fiscal year
₹0.20
₹0.20
  • Dividend yield0.09%
  • Payout ratio9.39%
  • 5-year average dividend₹0.18 a share
  • Latest dividend₹0.20 per share · 22 Sep 2026

Corporate calendar

  • MeetingAnnual General Meeting
  • Dividend₹0.20 per share · 20% · Final dividend
  • BoardQuarterly Results
  • BoardAudited Results
  • MeetingExtraordinary General Meeting
  • BoardFund Raising
  • MeetingPostal Ballot
  • BoardQuarterly Results
Show 12 older events
  • BoardQuarterly Results
  • MeetingAnnual General Meeting
  • Dividend₹0.10 per share · 10% · Final dividend
  • BoardQuarterly Results & Others
  • BoardAudited Results & Dividend
  • MeetingPostal Ballot
  • BoardQuarterly Results
  • MeetingAnnual General Meeting
  • Dividend₹0.20 per share · 20% · Final dividend
  • Dividend₹0.20 per share · 20% · Final dividend
  • Dividend₹0.18 per share · 18% · Final dividend
  • Dividend₹0.15 per share · 15% · Final dividend

About HFCL

Communications Equipment

HFCL Limited is an India-based global technology company. The Company delivers communication and networking products and solutions globally across the telecom, defense, and railways sectors. Its business segments include manufacturing of telecom products, executing turnkey contracts and providing services relating thereto. It offers a range of products and solutions for the telecom industry, which include open‑standards‑based wired and wireless access solutions are customizable to diverse network needs, enabling seamless end‑to‑end connectivity for small, medium, and large scale deployments, globally scalable. In Defence includes designs and delivers customized products and solutions for defence services, institutions, and projects of national security significance.

Key people

  • Manoj BaidPresident, Compliance Officer, Company Secretary
  • Vijay Raj JainChief Financial Officer
  • Mahendra NahataManaging Director, Executive Director

Company facts

  • NSE symbolHFCL
  • BSE code500183
  • ISININE548A01028
  • IndustryCommunications Equipment
  • IndexNIFTY 500
  • Market cap₹32,441 Cr
  • Revenue (FY26)₹4,949 Cr
  • Net profit (FY26)₹312 Cr

In the News

Recent headlines about HFCL — they open on Mint in a new tab.

Stock data comes from the exchange feed via our data provider. It is not real-time and can be delayed, so check the price with your broker before you trade. This page is for information and education only. It is not investment advice, research or a recommendation to buy, sell or hold any security. Investments in the securities market are subject to market risks; read all related documents carefully before investing. See all stocks →

Frequently Asked Questions

HFCL (NSE: HFCL) last traded at ₹210.69 on the NSE, down 2.39% (₹5.16) on the day, as of 24 Sep 2026, 10:29 AM IST. On the BSE it was ₹211.95. The day's range was ₹210.00 – ₹219.80.

HFCL's 52-week high is ₹257.00 (31 Aug 2026) and its 52-week low is ₹59.83 (27 Jan 2026). At ₹210.69 the share is 18.0% below its high and 252.1% above its low.

HFCL's market capitalisation is ₹32,441 Cr (₹32,441 Cr). It is part of the NIFTY 500 index.

HFCL's P/E ratio (trailing 12 months) is 56.66. The sector average is 15.79, so investors pay 259% more for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹3.80.

HFCL shares are up 188.52% over the last year, up 220.65% so far this year, up 206.46% over 6 months, up 6.15% over 3 months. Over the last year the stock did 216.56% better than the market.

In FY26 (year to Mar 2026), HFCL reported revenue of ₹4,949 Cr (up 21.77% on the year before) and a net profit of ₹312 Cr. Earnings per share were ₹2.13.

Yes. HFCL's latest dividend is ₹0.20 per share (20%, final dividend), with an ex-date of 22 Sep 2026. The dividend yield is 0.09%. It has paid 6 dividends in the records shown on this page.

As of Jun 2026: Promoter 28.29%, FII 15.74%, MF 8.42%, Other 47.55%.

HFCL's listed peers in Communications Equipment include ITI, Tejas Networks, Avantel, Vindhya Telelinks, Paramount Communications. By market capitalisation it ranks #1 of 6 in this group.

No. HFCL has debt — its debt-to-equity ratio is 0.39 and total debt was ₹1,896 Cr in FY26. Its operating profit covers interest 11.56 times.