HFCL LIMITED (HFCL) financials

HFCL LIMITED (HFCL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high end telecom equipment, Optical Fiber and Optic Fiber Cable (OFC).[1]

Market Cap: ₹41,144Cr.
Current Price: ₹269
Stock P/E: 60.4
ROE: 5.86%
ROCE: 9.18%
Book Value: ₹34.9
Dividend Yield: 0.07%
52W High / Low: ₹276/59.8

In Sep 2026, HFCL LIMITED (HFCL) reported sales ₹2,178 Cr and net profit ₹268 Cr.

Annual TTM: sales ₹6,521 Cr, net profit ₹681 Cr.

Shareholding: Promoters 28.29% (Sep 2026), FIIs 17.24% (Sep 2026), DIIs 10.39% (Sep 2026), Public 44.06% (Sep 2026), Others 0.01% (Sep 2026).

HFCL quarterly results (₹ Cr.)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	961	757	789	1,003	1,224	1,511	1,608	2,178
Expenses	816	800	790	844	1,068	1,222	1,304	1,744
Operating Profit	145	-43	-1	159	155	289	304	434
OPM %	15%	-6%	-0.1%	16%	13%	19%	19%	20%
Other Income	21	16	14	15	15	23	33	25
Interest	38	43	48	53	55	55	53	56
Depreciation	21	23	28	31	37	42	43	44
Profit before tax	107	-93	-63	90	79	216	240	359
Tax %	27%	-22%	-33%	32%	29%	18%	25%	25%
Net Profit	78	-73	-42	61	56	178	179	268
EPS in Rs	0.54	-0.50	-0.29	0.43	0.37	1.16	1.17	1.75
Raw PDF	—	—	—	—	—	—	—	—

HFCL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	3,547	4,106	4,286	4,396	4,075	3,795	4,528	6,521
Expenses	3,120	3,637	3,759	3,929	3,589	3,380	3,923	5,338
Operating Profit	427	469	528	466	486	416	605	1,182
OPM %	12%	11%	12%	11%	12%	11%	13%	18%
Other Income	21	29	44	49	100	60	65	96
Interest	90	148	133	117	115	149	210	219
Depreciation	30	54	57	57	58	85	138	166
Profit before tax	328	296	382	342	412	241	322	894
Tax %	38%	25%	26%	25%	25%	19%	22%	—
Net Profit	204	223	283	255	310	195	253	681
EPS in Rs	1.59	1.74	2.05	1.85	2.15	1.35	1.65	4.45
Dividend Payout %	0%	9%	9%	11%	9%	7%	12%	—

HFCL balance sheet (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	128	128	137	138	144	144	153	153
Reserves	1,517	1,748	2,591	2,855	3,678	3,818	4,574	5,190
Borrowings	632	825	637	791	833	1,278	1,668	1,726
Other Liabilities	1,357	2,236	1,441	1,296	1,475	1,939	1,736	2,152
Total Liabilities	3,634	4,937	4,807	5,080	6,130	7,179	8,131	9,220
Fixed Assets	362	368	375	365	460	664	992	1,363
CWIP	31	27	86	243	437	559	457	104
Investments	80	65	85	103	231	267	244	306
Other Assets	3,161	4,477	4,261	4,369	5,002	5,689	6,438	7,448
Total Assets	3,634	4,937	4,807	5,080	6,130	7,179	8,131	9,220

HFCL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-16	208	82	140	184	-111	431	-481
Cash from Investing Activity	-119	-163	-116	-388	-10	-410	-505	-278
Cash from Financing Activity	93	-39	40	242	-127	480	111	719
Net Cash Flow	-42	6	7	-5	47	-40	37	-40
Free Cash Flow	-146	51	20	6	-81	-475	43	-801
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	3%	70%	20%	36%	57%	-4%	102%	-74%

HFCL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	35.90%	34.37%	31.58%	30.02%	28.29%	28.29%	28.29%	28.29%
FIIs	6.70%	6.97%	7.75%	7.48%	7.48%	7.08%	15.74%	17.24%
DIIs	10.96%	13.26%	14.04%	13.57%	9.07%	8.57%	10.92%	10.39%
Public	46.40%	45.36%	46.61%	48.89%	55.13%	56.02%	45.02%	44.06%
Others	0.04%	0.04%	0.04%	0.04%	0.03%	0.02%	0.02%	0.01%
No. of Shareholders	8,20,639	8,40,219	8,58,638	8,69,442	8,42,209	8,03,693	7,32,721	7,64,828

HFCL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	120	159	225	154	148	191	182	146
Inventory Days	33	87	49	78	90	117	124	161
Days Payable	129	249	266	178	131	159	193	128
Cash Conversion Cycle	25	-3	8	53	107	149	113	180
Working Capital Days	69	96	70	92	125	166	186	219
ROCE %	20%	20%	18%	17%	13%	12%	8%	9%

HFCLUpdated 21 Oct 2026, 5:31

Hfcl Limited

HFCLUpdated 21 Oct 2026, 5:31

Market Cap

₹41,144Cr.

Current Price

₹269

High / Low

₹276/59.8

Stock P/E

60.4

ROE5.86%

ROCE9.18%

Book Value₹34.9

Face Value₹1.00

Dividend Yield0.07%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Sep 2023	1002	27	888	18	14	90	25	68	0.47
Dec 2023	954	28	855	46	15	103	25	78	0.55
Mar 2024	1238	31	1052	13	15	153	25	115	0.8
Jun 2024	1066	34	900	11	20	123	7	114	0.79
Sep 2024	1012	36	864	13	21	104	28	75	0.52
Dec 2024	961	38	816	21	21	107	27	78	0.54
Mar 2025	757	43	800	16	23	-93	-22	-73	-0.5
Jun 2025	789	48	790	14	28	-63	-33	-42	-0.29
Sep 2025	1003	53	844	15	31	90	32	61	0.43
Dec 2025	1224	55	1068	15	37	79	29	56	0.37
Mar 2026	1511	55	1222	23	42	216	18	178	1.16
Jun 2026	1608	53	1304	33	43	240	25	179	1.17
Sep 2026	2178	56	1744	25	44	359	25	268	1.75

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	2551	43	2257	-28	34	190	0	190	1.53
Mar 2016	2858	58	2539	-86	25	150	0	150	1.21
Mar 2017	2016	60	1835	19	16	124	0	124	1
Mar 2018	3066	61	2802	17	16	204	24	155	1.25
Mar 2019	4366	78	4026	46	18	291	37	184	1.44
Mar 2020	3547	90	3120	21	30	328	38	204	1.59
Mar 2021	4106	148	3637	29	54	296	25	223	1.74
Mar 2022	4286	133	3759	44	57	382	26	283	2.05
Mar 2023	4396	117	3929	49	57	342	25	255	1.85
Mar 2024	4075	115	3589	100	58	412	25	310	2.15
Mar 2025	3795	149	3380	60	85	241	19	195	1.35
Mar 2026	4528	210	3923	65	138	322	22	253	1.65
TTM	6521	219	5338	96	166	894	—	681	4.45

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	28.29%
FIIs	17.24%
DIIs	10.39%
Public	44.06%
Others	0.01%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public	Others
Dec 2023	37.84%	8.18%	4.55%	49.37%	0.08%
Mar 2024	37.69%	7.66%	5.68%	48.91%	0.06%
Jun 2024	37.63%	7.02%	7.39%	47.91%	0.06%
Sep 2024	36.24%	6.68%	8.69%	48.33%	0.05%
Dec 2024	35.9%	6.7%	10.96%	46.4%	0.04%
Mar 2025	34.37%	6.97%	13.26%	45.36%	0.04%
Jun 2025	31.58%	7.75%	14.04%	46.61%	0.04%
Sep 2025	30.02%	7.48%	13.57%	48.89%	0.04%
Dec 2025	28.29%	7.48%	9.07%	55.13%	0.03%
Mar 2026	28.29%	7.08%	8.57%	56.02%	0.02%
Jun 2026	28.29%	15.74%	10.92%	45.02%	0.02%
Sep 2026	28.29%	17.24%	10.39%	44.06%	0.01%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	124	808	370	520	1823	122	0	296	1405	1823
Mar 2016	124	794	525	703	2146	106	1	51	1988	2146
Mar 2017	124	920	494	689	2227	111	1	65	2050	2227
Mar 2018	124	1092	425	905	2546	110	10	66	2360	2546
Mar 2019	127	1316	552	1139	3134	117	84	71	2862	3134
Mar 2020	128	1517	632	1357	3634	362	31	80	3161	3634
Mar 2021	128	1748	825	2236	4937	368	27	65	4477	4937
Mar 2022	137	2591	637	1441	4807	375	86	85	4261	4807
Mar 2023	138	2855	791	1296	5080	365	243	103	4369	5080
Mar 2024	144	3678	833	1475	6130	460	437	231	5002	6130
Mar 2025	144	3818	1278	1939	7179	664	559	267	5689	7179
Mar 2026	153	4574	1668	1736	8131	992	457	244	6438	8131
Sep 2026	153	5190	1726	2152	9220	1363	104	306	7448	9220

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	119	-44	-61	14
Mar 2016	-80	100	-34	-14
Mar 2017	138	-38	-103	-3
Mar 2018	183	-15	-121	47
Mar 2019	-16	-119	93	-42
Mar 2020	208	-163	-39	6
Mar 2021	82	-116	40	7
Mar 2022	140	-388	242	-5
Mar 2023	184	-10	-127	47
Mar 2024	-111	-410	480	-40
Mar 2025	431	-505	111	37
Mar 2026	-481	-278	719	-40

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	53	143	208	141	120	159	225	154	148	191	182	146
Inventory Days	260	185	139	51	33	87	49	78	90	117	124	161
Days Payable	304	281	251	146	129	249	266	178	131	159	193	128
Cash Conversion Cycle	9	47	96	45	25	-3	8	53	107	149	113	180
Working Capital Days	94	134	150	93	69	96	70	92	125	166	186	219
ROCE %	23%	23%	12%	17%	20%	20%	18%	17%	13%	12%	8%	9%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of HFCL LIMITED (HFCL)?

The reported market capitalisation for HFCL LIMITED (HFCL) is ₹41,144Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of HFCL?

The current price shown for HFCL LIMITED (HFCL) on Fincrux is ₹269 with a 52-week high/low of ₹276/59.8.

What is the P/E ratio of HFCL LIMITED (HFCL)?

The stock P/E for HFCL LIMITED (HFCL) is 60.4 on Fincrux, with ROE at 5.86% and ROCE at 9.18%.

What were HFCL latest quarterly results?

For Sep 2026, HFCL LIMITED (HFCL) reported sales ₹2,178 Cr and net profit ₹268 Cr (figures in ₹ crore unless noted).

What are HFCL annual sales and net profit?

For TTM, HFCL LIMITED (HFCL) shows sales of ₹6,521 Cr and net profit of ₹681 Cr on the Fincrux profit & loss statement.

Who owns HFCL LIMITED (HFCL)?

Latest shareholding for HFCL LIMITED (HFCL) on Fincrux: Promoters 28.29% (Sep 2026), FIIs 17.24% (Sep 2026), DIIs 10.39% (Sep 2026), Public 44.06% (Sep 2026), Others 0.01% (Sep 2026).

Where can I find HFCL LIMITED (HFCL) financials?

HFCL LIMITED (HFCL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show HFCL balance sheet and cash flow?

Yes. The HFCL LIMITED (HFCL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 21 October 2026 at 5:31