HFCL

₹93.6 0.3 | 0.4%

WEBSITE BSE:500183 NSE : HFCL 10 May, 16:01

Market Cap ₹13496 Cr.

Stock P/E 40.3

P/B 3.4

Current Price ₹93.6

Book Value ₹ 27.8

Face Value 1

52W High ₹117.8

Dividend Yield 0.21%

52W Low ₹ 61.5

Edit Ratio

HFCL Research see more...

Overview Inc. Year: 1987Industry: Telecom-Infrastructure

HFCL Ltd is an India-based agency that is mainly engaged in manufacturing of telecommunication system, optical fiber cables and intelligent power systems. The Company is a manufacturer of optical fiber cables, optical delivery, power electronics and broadband device for the telecommunication enterprise. It provides solutions for constructing wi-fi and optical telecommunication networks, such as optical shipping networks (DWDM), rural global device for cellular communications (GSM) networks, broadband access networks, radio backhaul, fiber to the home and in-building solutions. The Company serves industries, consisting of homeland security, telecommunications, defense and railways. The Company has its production centers at Solan (Himachal Pradesh), Goa, and Chennai (Tamil Nadu) and caters to both Indian and global markets. Its merchandise are also exported to the UK, Eastern Europe, Africa and Middle East, in addition to the South and Southeast Asian areas.

HFCL Share Price

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Peer Comparison

HFCL Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	1215	1183	1051	1173	1086	1433	995	1111	1032	1326
Other Income	4	30	20	-4	24	14	13	17	47	14
Total Income	1219	1213	1071	1169	1110	1447	1008	1129	1079	1340
Total Expenditure	1045	1059	941	995	917	1279	849	979	916	1130
Operating Profit	175	154	130	175	193	168	160	150	163	209
Interest	39	38	38	39	37	38	36	35	37	40
Depreciation	20	23	20	21	20	21	21	21	19	20
Exceptional Income / Expenses	-6	0	0	0	0	0	0	0	0	0
Profit Before Tax	109	93	72	114	136	109	102	94	108	150
Provision for Tax	28	25	18	30	35	30	27	24	25	40
Profit After Tax	81	68	54	84	101	79	75	70	82	109
Adjustments	-3	-3	-3	-2	-5	-7	-7	-0	0	1
Profit After Adjustments	78	65	51	82	96	72	68	69	82	110
Adjusted Earnings Per Share	0.6	0.5	0.4	0.6	0.7	0.5	0.5	0.5	0.6	0.8

HFCL Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	607	2019	2553	2580	2131	3227	4738	3839	4423	4727	4743	4464
Other Income	110	177	225	36	21	35	47	56	35	43	47	91
Total Income	717	2197	2778	2616	2153	3262	4785	3895	4458	4770	4790	4556
Total Expenditure	549	1928	2388	2266	1939	2955	4327	3379	3873	4077	4125	3874
Operating Profit	168	268	390	351	214	308	458	516	584	693	666	682
Interest	86	44	44	62	62	64	92	115	175	166	152	148
Depreciation	17	20	34	26	22	23	27	42	69	78	83	81
Exceptional Income / Expenses	-10	272	0	-110	0	-2	0	0	-4	-6	0	0
Profit Before Tax	55	476	312	156	124	220	339	358	337	442	431	454
Provision for Tax	0	3	0	0	1	49	107	121	91	116	113	116
Profit After Tax	55	473	312	156	124	172	232	237	246	326	318	336
Adjustments	1	2	12	0	-1	-4	-12	-10	-7	0	0	-6
Profit After Adjustments	56	475	324	156	123	168	220	227	239	326	318	329
Adjusted Earnings Per Share	0.5	3.7	2.6	1.3	1	1.4	1.7	1.8	1.9	2.4	2.3	2.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	7%	8%	23%
Operating Profit CAGR	-4%	9%	17%	15%
PAT CAGR	-2%	10%	13%	19%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	40%	39%	34%	27%
ROE Average	11%	13%	14%	35%
ROCE Average	15%	18%	20%	25%

HFCL Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	179	634	958	840	964	1179	1442	1668	1916	2798	3108
Minority's Interest	0	0	0	0	2	-22	-10	-0	7	20	37
Borrowings	202	183	162	332	268	141	134	201	251	121	110
Other Non-Current Liabilities	14	13	16	13	-104	-95	-53	37	48	49	76
Total Current Liabilities	894	841	711	957	1023	1267	1701	1911	2987	2178	2142
Total Liabilities	1290	1672	1847	2141	2153	2470	3214	3817	5209	5166	5473
Fixed Assets	183	230	199	175	188	196	238	504	508	528	548
Other Non-Current Assets	344	373	278	72	59	129	310	252	551	819	842
Total Current Assets	764	1068	1370	1895	1906	2145	2666	3061	4150	3819	4082
Total Assets	1290	1672	1847	2141	2153	2470	3214	3817	5209	5166	5473

HFCL Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	66	41	16	27	9	6	67	18	16	21	17
Cash Flow from Operating Activities	51	86	129	0	136	207	34	172	145	205	236
Cash Flow from Investing Activities	-6	133	-45	37	-25	-30	-150	-167	-165	-458	-45
Cash Flow from Financing Activities	-62	-243	-74	-55	-114	-116	67	-7	25	248	-145
Net Cash Inflow / Outflow	-17	-24	10	-18	-3	61	-49	-1	5	-5	47
Closing Cash & Cash Equivalent	49	16	27	9	6	67	18	16	21	17	64

HFCL Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.45	3.7	2.57	1.26	0.99	1.35	1.73	1.77	1.86	2.37	2.31
CEPS(Rs)	0.58	3.98	2.79	1.47	1.17	1.57	2.03	2.17	2.45	2.94	2.91
DPS(Rs)	0	0	0	0	0	0.06	0.1	0	0.15	0.18	0.2
Book NAV/Share(Rs)	0.8	4.47	7.08	6.78	7.78	9.37	11.21	12.9	14.8	20.34	22.36
Core EBITDA Margin(%)	9.26	4.43	6.32	10.95	8.76	8.39	8.68	11.99	12.43	13.75	13.04
EBIT Margin(%)	22.79	25.29	13.62	7.58	8.47	8.74	9.1	12.33	11.57	12.87	12.29
Pre Tax Margin(%)	8.93	23.15	11.92	5.44	5.64	6.78	7.16	9.33	7.62	9.35	9.08
PAT Margin (%)	8.9	23	11.92	5.44	5.62	5.29	4.9	6.18	5.57	6.89	6.7
Cash Profit Margin (%)	11.64	23.97	13.23	6.35	6.6	6	5.47	7.27	7.12	8.55	8.45
ROA(%)	3.56	31.96	17.71	7.84	5.76	7.43	8.17	6.75	5.46	6.28	5.97
ROE(%)	78.05	145.04	43.55	18.21	13.71	16.16	17.94	15.38	13.84	13.87	10.82
ROCE(%)	25.8	68.77	31.93	16.38	12.93	18.03	23.43	21.45	19.62	19.04	15.38
Receivable days	213.89	56.59	45.19	93.92	189.88	132.68	102.26	146.53	174.16	174	145.52
Inventory Days	45.23	22.04	30.41	34.27	43.21	25.78	18.42	28.91	32.14	38.94	51.22
Payable days	635.99	535.99	313.65	254.6	271.3	133.77	110.55	234.16	192.45	235.57	141.05
PER(x)	18.01	2.22	5.21	12.88	12.85	19.12	13.21	5.1	13.54	33.21	26.43
Price/Book(x)	10.28	1.83	1.89	2.4	1.64	2.77	2.03	0.7	1.7	3.87	2.73
Dividend Yield(%)	0	0	0	0	0	0.23	0.44	0	0.6	0.23	0.33
EV/Net Sales(x)	2.35	0.65	0.74	0.96	0.95	1.1	0.7	0.44	0.87	2.34	1.9
EV/Core EBITDA(x)	8.5	4.92	4.86	7.04	9.43	11.53	7.28	3.25	6.59	15.94	13.5
Net Sales Growth(%)	132.38	232.95	26.42	1.06	-17.39	51.42	46.8	-18.97	15.21	6.88	0.34
EBIT Growth(%)	469.24	269.09	-31.6	-38.8	-14.35	52.21	51.8	9.74	8.12	18.95	-4.23
PAT Growth(%)	187.15	759.55	-34.16	-49.82	-20.88	38.79	35.27	2.18	3.75	32.33	-2.5
EPS Growth(%)	184.41	712.55	-30.43	-50.93	-21.37	36.55	27.41	2.53	5.18	27.37	-2.61
Debt/Equity(x)	2.12	0.51	0.33	0.65	0.56	0.4	0.41	0.43	0.48	0.27	0.3
Current Ratio(x)	0.85	1.27	1.93	1.98	1.86	1.69	1.57	1.6	1.39	1.75	1.91
Quick Ratio(x)	0.77	1.07	1.56	1.69	1.62	1.52	1.41	1.42	1.24	1.49	1.55
Interest Cover(x)	1.64	11.83	8.02	3.54	2.99	4.46	4.69	4.12	2.93	3.66	3.83
Total Debt/Mcap(x)	0.37	0.32	0.19	0.27	0.34	0.15	0.2	0.61	0.28	0.07	0.11

HFCL Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	39.23	39.23	39.2	39.2	39.24	39.24	39.24	37.84	37.84	37.68
FII	7.19	6.66	6.81	6.72	6.52	6.77	7.53	8.35	8.18	7.65
DII	1.44	1.88	2.03	2.58	2.64	2.78	2.95	4.64	4.54	5.68
Public	52.14	52.23	51.96	51.49	51.6	51.21	50.29	49.17	49.44	48.99
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	54.01	54.01	54.01	54.01	54.06	54.06	54.06	54.06	54.06	54.3
FII	9.89	9.16	9.38	9.26	8.99	9.33	10.37	11.93	11.69	11.03
DII	1.99	2.59	2.8	3.56	3.64	3.83	4.06	6.63	6.49	8.18
Public	71.77	71.9	71.58	70.95	71.09	70.56	69.28	70.25	70.64	70.59
Others	0	0	0	0	0	0	0	0	0	0
Total	137.66	137.66	137.78	137.78	137.78	137.78	137.78	142.88	142.88	144.1

Pros

Debtor days have improved from 235.57 to 141.05days.
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 37.68%.
Company has a low return on equity of 13% over the last 3 years.
Stock is trading at 3.4 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

HFCL News

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HFCL

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HFCL Research see more...

Overview Inc. Year: 1987Industry: Telecom-Infrastructure

HFCL Share Price

Alert Data

Quarterly Price

Peer Comparison

HFCL Quarterly Results

HFCL Profit & Loss

Growth Rates

HFCL Balance Sheet

HFCL Cash Flow

HFCL Ratios

HFCL Shareholding Pattern

HFCL News

IPO

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