Is HFCL a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that HFCL Ltd is a average quality company .

Is HFCL undervalued or overvalued?

The key valuation ratios of HFCL Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is HFCL share price return in the past 10 years?

HFCL Ltd share price has appreciated 19.6% annually (CAGR) over the past ten years.

Is HFCL a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HFCL Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

HFCL Ltd - Stock Valuation and Financial Performance

Name: HFCL
Brand: HFCL

BSE: 500183 | NSE: HFCL | Telecom-Infrastructure | Small Cap

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HFCL Share Price

₹127.35 -2.05 -1.58%
as on 21-Nov'24 16:59

10 Year X-Ray of HFCL:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	19.3%	15.2%	12.3%	16.7%	20.3%	19.7%	18%	17.1%	12.9%	12.6%	-
Value Creation Index ⓘ	0.4	0.1	-0.1	0.2	0.5	0.4	0.3	0.3	0.0	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,551	2,570	2,016	3,066	4,366	3,547	4,106	4,286	4,396	4,075	4,270
Sales YoY Gr.	-	0.7%	-21.5%	52.1%	42.4%	-18.8%	15.8%	4.4%	2.6%	-7.3%	-
Adj EPS ⓘ	1.8	1.8	1	1.2	1.5	1.7	1.7	2.1	1.8	2.1	2.7
YoY Gr.	-	1.1%	-45.4%	24%	16.9%	14.5%	0.6%	24%	-13.5%	19.6%	-
BVPS (₹) ⓘ	7.5	7.4	8.4	9.7	11.2	12.7	14.5	19.8	21.5	26.5	28.2
Adj Net Profit ⓘ	224	227	123	154	184	214	215	284	247	309	382
Cash Flow from Ops. ⓘ	119	-79.9	138	183	-16.4	208	82.5	140	184	-111	-
Debt/CF from Ops. ⓘ	2.4	-6.6	3.6	2.3	-33.7	2.9	9.7	4.4	4.2	-7.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.3%	-1.4%	-0.3%	-7.3%
Adj EPS ⓘ	1.9%	8.1%	8.6%	19.6%
BVPSⓘ	15%	18.7%	22.3%	23.1%
Share Price	19.6%	49.2%	20.5%	88.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	24.2	23.6	12.6	13.6	13.9	13.8	12.2	12.4	8.6	9.1	9.7
Op. Profit Mgn % ⓘ	11.6	12.5	9	8.2	7.8	11.5	11.4	12.4	10.8	12.1	14
Net Profit Mgn % ⓘ	8.8	8.9	6.1	5	4.2	6	5.2	6.6	5.6	7.6	9
Debt to Equity ⓘ	0.3	0.6	0.5	0.4	0.4	0.4	0.4	0.2	0.3	0.2	0.1
Working Cap Days ⓘ	162	201	329	236	200	289	318	337	325	392	185
Cash Conv. Cycle ⓘ	29	61	157	101	67	87	82	87	107	142	88

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 9.70%

Sales growth has been subdued in last 3 years -0.25%

Net Profit has been subdued in last 3 years 8.62%

Sales growth is not so good in last 4 quarters at 2.71%

Latest Financials - HFCL Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2.7	2.6
TTM Sales (₹ Cr.)	4,270	4,610
BVPS (₹.) ⓘ	28.2	29.1
Reserves (₹ Cr.) ⓘ	3,917	4,047
P/BV ⓘ	4.60	4.45
PE ⓘ	48.84	49.45

From the Market
52 Week Low / High (₹)	65.96 / 171.00
All Time Low / High (₹)	5.95 / 2552.90
Market Cap (₹ Cr.)	18,668
Equity (₹ Cr.)	144.3
Face Value (₹)	1
Industry PE ⓘ	46.8

Management X-Ray of HFCL:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

44.72

44.68

44.49

44.50

46.20

* Pledged shares as % of Promoter's holding (%)

Valuation of HFCL

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of HFCL

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,551	2,570	2,016	3,066	4,366	3,547	4,106	4,286	4,396	4,075
Operating Expenses ⓘ	2,372	2,250	1,835	2,814	4,028	3,154	3,637	3,759	3,929	3,589
Manufacturing Costs	1,413	1,193	985	1,256	1,598	1,643	1,000	1,397	1,062	1,160
Material Costs	369	578	572	1,287	2,100	1,146	2,263	1,913	2,372	1,923
Employee Cost	203	156	132	147	177	194	216	262	280	265
Other Costs ⓘ	388	323	146	124	153	171	158	187	215	241
Operating Profit ⓘ	179	320	181	252	338	394	469	528	466	486
Operating Profit Margin (%)	7.0%	12.4%	9.0%	8.2%	7.7%	11.1%	11.4%	12.3%	10.6%	11.9%
Other Income ⓘ	88	24	19	31	48	55	33	44	49	100
Interest ⓘ	44	58	60	61	78	90	148	133	117	115
Depreciation ⓘ	34	25	16	16	18	30	54	57	57	58
Exceptional Items ⓘ	0	-110	0	-2	0	0	-4	0	0	0
Profit Before Tax ⓘ	190	150	124	204	291	328	296	382	342	412
Tax ⓘ	0	0	0	49	107	124	73	99	87	103
Profit After Tax	190	150	124	155	184	204	223	283	255	310
PAT Margin (%)	7.4%	5.9%	6.1%	5.1%	4.2%	5.7%	5.4%	6.6%	5.8%	7.6%
Adjusted EPS (₹)	1.5	1.2	1.0	1.3	1.4	1.6	1.7	2.1	1.9	2.2
Dividend Payout Ratio (%)	0%	0%	0%	5%	7%	0%	9%	9%	11%	9%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,013	918	1,044	1,198	1,431	1,633	1,861	2,726	2,963	3,817
Share Capital ⓘ	204	124	124	124	127	128	128	137	138	144
Reserves ⓘ	808	794	920	1,074	1,303	1,505	1,732	2,589	2,825	3,673
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	268	474	403	298	514	573	728	580	734	779
Long Term Debt	162	332	238	111	104	150	197	95	84	135
Short Term Debt	105	142	165	187	410	423	531	485	650	643
Trade Payables	307	446	392	516	741	782	1,652	934	851	836
Others Liabilities ⓘ	235	274	266	415	368	637	686	558	533	699
Total Liabilities ⓘ	1,823	2,112	2,105	2,427	3,054	3,625	4,927	4,799	5,080	6,130
Fixed Assets
Gross Block	412	391	378	389	409	640	691	727	767	903
Accumulated Depreciation	290	285	267	278	292	277	324	352	402	443
Net Fixed Assetsⓘ	122	106	111	110	117	362	368	375	365	460
CWIP ⓘ	0	1	1	10	84	31	27	86	243	437
Investmentsⓘ	296	51	65	66	71	80	65	85	103	231
Inventories	263	260	218	179	192	272	306	409	584	619
Trade Receivables	367	1,119	1,147	1,183	1,435	1,546	2,528	1,804	1,784	2,127
Cash Equivalents	136	74	80	108	136	181	294	505	296	318
Others Assetsⓘ	638	502	483	771	1,020	1,153	1,339	1,535	1,704	1,938
Total Assets ⓘ	1,823	2,112	2,105	2,427	3,054	3,625	4,927	4,799	5,080	6,130

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	119	-80	138	183	-16	208	82	140	184	-111
PBT ⓘ	190	157	124	205	291	328	296	382	342	412
Adjustment ⓘ	172	175	52	72	114	124	204	170	147	141
Changes in Working Capital ⓘ	-220	-381	-8	-11	-393	-153	-405	-363	-225	-574
Tax Paid ⓘ	-23	-31	-31	-83	-28	-91	-13	-48	-79	-90
Cash Flow From Investing Activity ⓘ	-44	100	-38	-15	-119	-163	-116	-388	-10	-410
Capex	-14	-9	-14	-24	-130	-157	-63	-135	-265	-364
Net Investments	-35	77	0	-2	0	0	-54	-238	251	-51
Others ⓘ	5	32	-24	11	10	-6	1	-15	4	5
Cash Flow From Financing Activityⓘ	-61	-34	-103	-121	93	-39	40	242	-127	480
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	606	3	353
Net Proceeds from Borrowing ⓘ	4	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-40	-47	-65	-69	-71	-83	-145	-134	-116	-117
Dividend Paid ⓘ	0	0	0	0	-9	-15	0	-19	-24	-29
Others ⓘ	-25	13	-38	-52	173	59	185	-211	11	273
Net Cash Flow ⓘ	14	-14	-3	47	-42	6	7	-5	47	-40

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	22.47	16.26	12.62	13.83	14	13.3	12.76	12.33	8.95	9.13
ROCE (%)	19.25	15.22	12.32	16.65	20.28	19.67	18	17.09	12.91	12.55
Asset Turnover Ratio	1.51	1.45	0.98	1.36	1.59	1.06	0.96	0.88	0.89	0.73
PAT to CFO Conversion(x)	0.63	-0.53	1.11	1.18	-0.09	1.02	0.37	0.49	0.72	-0.36
Working Capital Days
Receivable Days	43	95	200	138	109	153	181	184	149	175
Inventory Days	30	33	42	23	15	24	26	30	41	54
Payable Days	248	238	268	129	109	243	196	247	137	160

HFCL Ltd Stock News

HFCL Ltd FAQs

What is the share price of HFCL?

Company share prices are keep on changing according to the market conditions. The closing price of HFCL on 21-Nov-2024 16:59 is ₹127.3.

What is the market cap of HFCL?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of HFCL stood at ₹18,668.2.

What is the P/E ratio of HFCL?

The latest P/E ratio of HFCL as of 21-Nov-2024 16:59 is 48.84.

What is the P/B ratio of HFCL?

The latest P/B ratio of HFCL as of 21-Nov-2024 16:59 is 4.60.

What is the 52-week high and low of HFCL?

The 52-week high of HFCL is ₹171.0 and the 52-week low is ₹65.96.

What is the TTM revenue of HFCL?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HFCL is ₹4,270 ( Cr.) .

About HFCL Ltd

HFCL Limited (formerly known as Himachal Futuristic Communications Limited), established in 1987, is a leading Technology Enterprise connecting the world with the fully integrated communication network solutions and specialised services. Consistently empowering innovation, it endeavour to develop new technologies and next-generation products which are globally benchmarked and cost effective. Research & Development activities are spearheaded by its two Centres of Excellence (CoEs) at Gurgaon and Bengaluru, further supported by invested R&D Houses and Collaborators from different locations in India and Overseas.

HFCL manufacture Optical Fiber, Optical Fiber Cables (OFC), Passive Interconnect Solutions and high-end Transmission and Access Equipment. Its technologically advanced offerings span the entire value chain, from manufacturing hi-tech communication network products to providing specialized services, which get deployed across Telecom, Defence, Railways, Utilities and Security & Surveillance Networks, both in the Private and Government Sector.

Business area of the company

HFCL is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high-end telecom equipment, Optic Fiber and Optic Fiber Cable (OFC).

Products

Optical Fiber Cables

Futureline
Aerial
Armoured
FTTx
Micro
Unarmoured

Telecom equipments

Microwave Radio’s
GPON

Electronics

Telecom Power
Battery Management
Solar

Solutions

Telecom Networks
FTTx
In-Building
OFC
Optical Transmission

Railway Telecom Networks

Safe and Smart Cities

Milestones and achievements

2011: New Strategic Partnership with Reliance Jio for creation of 4G Network Infrastructure.
2011: Restructured Debt & Equity.
2011: Merger of high net-worth company, Sunvision Engineering Company Pvt. Ltd.
2012: Capacity of Goa manufacturing facility expanded to 2.6m fkm.
2013: Doubled the Revenue. PAT increased by 5 times.
2014: Capacity of Goa manufacturing facility expanded to 4.9m fkm.
2015: Set up Railways Communication, Smart City, Defence communication as new business verticals.
2015: Defence equipment business vertical was awarded seven manufacturing licenses from GoI.
2016: Capacity of Goa manufacturing facility expanded to 7m fkm.
2016: Commencement of OFC manufacturing facility at Chennai, in HTL Ltd., a subsidiary with capacity of 4m fkm.
2017: Railway Business vertical won its first two significant orders from Eastern Dedicated Freight Corridor and Western Dedicated Freight Corridor.
2018: Capacity of Goa manufacturing facility expanded to 8m fkm.
2018: Setting up of R&D Division for Design & Development including WiFi Network products/solutions, Radios etc.
2018: Capacity of Chennai plant expanded to 7m fkm.
2019: Setting up of Optical Fiber Plant in Hyderabad with 6.4m fkm capacity. Expected to be completed by the end of 2019.
2019: Acquired 90% stake in a technology focussed company, Raddef Private Limited which has expertise in RF and Microwave domain embedded systems, Communication systems, RADAR and Surveillance systems.
2020: Starts commercial production of Optical Fiber Cables at Hyderabad facility.
2020: Collaborated with VVDN Technologies.