HFCL share price
NSE: HFCLBSE: 500183Telecom - ServicesSmall Cap
Formerly Himachal Futuristic Communications
Last close ₹240.07down ₹11.48 (4.56%)BSE ₹240.45
Share price at the NSE close on 23 Oct 2026. Previous close ₹251.55.
52-week range of traded prices to 23 Oct 2026
₹59.82Low, 27 Jan 2026₹282.25High, 21 Oct 2026
- Under NSE's long-term additional surveillance, stage IV, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Delivery only: shares bought must be paid for in full, with no selling on the same day.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹36,745 Cr400th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 19 Oct 2026
- 42.4
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 19 Oct 2026
- 6.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.08%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 19 Oct 2026
- 17.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 19 Oct 2026
- 18.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 19 Oct 2026
- 0.32
- Volume, NSEVolume. Shares traded on the last trading day.
- 95,07,204
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Sep 2026, against the quarter beforeFiled 19 Oct
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,542 Crup 32.73%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹394 Crup 60.49%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 15.5%
Revenue by year
Peak revenue ₹4,949 Cr, year to Mar 2026
Net profit by year, a loss in red
| ₹ crore | Dec 2024Filed 4 Feb | Mar 2025Filed 12 Jun | Jun 2025Filed 25 Jul | Sep 2025Filed 17 Oct | Dec 2025Filed 3 Feb | Mar 2026Filed 30 Apr | Jun 2026Filed 22 Jul | Sep 2026Filed 19 Oct |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,012 | 801 | 871 | 1,043 | 1,211 | 1,824 | 1,915 | 2,542 |
| Net profit | 73 | −83 | −29 | 72 | 102 | 184 | 246 | 394 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 7.2% | −10.4% | −3.4% | 6.9% | 8.5% | 10.1% | 12.8% | 15.5% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Telecom ProductTelecom Product, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,931 Crup 18.45%59.2%
- Turnkey Contracts and ServicesTurnkey Contracts and Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,875 Crup 17.96%37.9%
- Defence Product and ServicesDefence Product and Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹77 Cr1.5%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹67 Cr1.3%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 74% of 2,305 trading days over the last 10 years.
LowestHighest
Its median30.3Industry median9.7
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 96% of 1,800 trading days since Nov 2018.
LowestHighest
Its median2.9Industry median1.3
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.23.9
At or below today's level on 72% of 1,800 trading days since Nov 2018.
LowestHighest
Its median15.7Industry median5.4
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 34% of 2,471 trading days over the last 10 years.
LowestHighest
Its median0.19%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −13.9% | +65.6% | −48.2% | 0.3% |
| 3 years | +3.9% | −2.3% | +6.1% | 0.2% |
| 5 years | +22.2% | +1.8% | +19.8% | 0.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual funds holding it
76 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 57 of the 62 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 3
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 25
- CutCut. Funds that held fewer shares than at the end of the month before.
- 37
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 10
| Fund | |||
|---|---|---|---|
 quant Small Cap Fundquant Mutual Fund | 9,55,88,251 | 6.10% | ₹2,170.0 Cr |
| Quant Value Fundquant Mutual Fund | 55,07,022 | 6.52% | ₹125.0 Cr |
| quant Multi Cap Fundquant Mutual Fund | 34,63,172 | 1.05% | ₹78.6 Cr |
| quant Momentum Fundquant Mutual Fund | 19,26,274 | 3.45% | ₹43.7 Cr |
 Nippon India Nifty Smallcap 250 Index FundNippon India Mutual Fund | 15,83,414 | 1.04% | ₹35.9 Cr |
| quant Focused Fundquant Mutual Fund | 13,38,442 | 3.68% | ₹30.4 Cr |
| Nippon India Nifty 500 Momentum 50 Index FundNippon India Mutual Fund | 13,11,305 | 2.33% | ₹29.8 Cr |
 Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETFMirae Asset Mutual Fund | 12,87,255 | 3.13% | ₹29.2 Cr |
 HDFC Nifty Smallcap 250 ETFHDFC Mutual Fund | 12,33,541 | 1.03% | ₹28.0 Cr |
| quant ESG Integration Strategy Fundquant Mutual Fund | 11,26,469 | 7.80% | ₹25.6 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Telecom - Infrastructure, 9 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to HFCL in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Indus TowersINDUSTOWER | 1,00,250 | 14.0 | 2.5 | 5.4 | +6.7% | −26.6% | 19.8% | 27.1% | 3.68% |
 Pace DigitekPACEDIGITK | 2,984 | 9.7 | 1.4 | 6.9 | – | – | 13.9% | 13.9% | 0.00% |
 Bondada EngineeringBONDADA | 2,943 | – | – | – | – | – | – | – | 0.11% |
 GTL InfrastructureGTLINFRA | 1,281 | 1.2 | – | 16.4 | +1.4% | – | – | 85.6% | 0.00% |
 Suyog TelematicsSUYOG | 589 | 9.8 | 1.2 | 4.3 | – | – | 13.6% | 16.1% | 0.20% |
 Sar TeleventureSARTELE | 397 | 5.5 | 0.4 | 4.1 | – | – | 7.9% | 7.6% | 0.00% |
 Rama TelecomRTL | 115 | 39.5 | 2.7 | – | – | – | 6.9% | – | 0.00% |
 Kore DigitalKDL | 28 | 0.8 | 0.2 | – | – | – | 29.1% | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹0.20 a share, years to Mar 2023, Mar 2024 and Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 22 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.20 |
| 8 Sep 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.10 |
| 23 Sep 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.20 |
| 22 Sep 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.20 |
| 22 Sep 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.18 |
| 22 Sep 2021 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.15 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
17 Oct · General Updates
13 Oct · Analysts
HFCL share price by year
Each calendar year to 2025.HFCL share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 67.79 | −39.8% | 114.54 | 61.47 |
| 2024 | 112.63 | +33.8% | 161.81 | 83.45 |
| 2023 | 84.15 | +14.2% | 85.80 | 56.50 |
| 2022 | 73.70 | −6.5% | 96.35 | 53.00 |
| 2021 | 78.80 | +205.4% | 92.40 | 23.95 |
| 2020 | 25.80 | +47.0% | 26.50 | 8.55 |
| 2019 | 17.55 | −17.2% | 24.70 | 16.90 |
| 2018 | 21.20 | −26.0% | 35.20 | 17.55 |
| 2017 | 28.65 | +128.3% | 35.95 | 11.90 |
| 2016 | 12.55 | −38.9% | 23.95 | 11.15 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 23 Oct 2026 | 240.00 | 247.89 | 238.98 | 240.07 | 240.37 | 95,07,204 |
| 22 Oct 2026 | 259.00 | 265.69 | 251.55 | 251.55 | 257.08 | 69,90,345 |
| 21 Oct 2026 | 282.25 | 282.25 | 256.00 | 264.78 | 271.38 | 1,69,03,401 |
| 19 Oct 2026 | 260.00 | 268.81 | 257.00 | 268.81 | 264.83 | 1,51,14,857 |
| 16 Oct 2026 | 240.00 | 256.01 | 238.00 | 256.01 | 251.34 | 84,11,757 |
| 15 Oct 2026 | 247.25 | 249.70 | 243.82 | 243.82 | 244.15 | 57,63,292 |
| 14 Oct 2026 | 259.00 | 264.70 | 256.00 | 256.65 | 259.57 | 30,54,385 |
| 13 Oct 2026 | 265.48 | 267.00 | 252.30 | 262.00 | 258.06 | 62,80,862 |
| 12 Oct 2026 | 263.00 | 268.00 | 257.80 | 265.48 | 263.12 | 55,13,432 |
| 9 Oct 2026 | 252.00 | 269.00 | 245.40 | 260.40 | 254.03 | 90,90,217 |
Prices in ₹ per share as traded, not adjusted.
About HFCL
HFCL Limited makes optical fiber, optical fiber cables, telecom and networking equipment and defence electronics, and builds telecom and defence communication networks. Its customers include telecom operators, enterprises, governments and defence organisations. The company has its registered office in Gurugram, Haryana. It was incorporated in 1987.
The business is organised around optical fiber cable and connectivity solutions, defence equipment, telecom and networking equipment, and system integration. The optical fiber cable range includes FTTH, ribbon and micro cables, and connectivity products for data centres such as MPO/MTP assemblies. Telecom products include Wi-Fi 6 and 7 access points, backhaul radios, IP/MPLS routers and Ethernet switches. Defence products include electronic fuzes, thermal weapon sights, surveillance radars and high-capacity radio relay systems. Connectivity products include fiber termination boxes, joint closures and PLC splitters. A wire harness portfolio supplies cable assemblies for the aerospace, defence and automotive sectors.
System integration covers telecom projects such as BharatNet, optical transport networks and fiber to the home rollouts, and defence communication networks.
HFCL manufactures optical fiber and cables in Hyderabad, Telangana, and optical fiber cables in Verna, Goa. A subsidiary, HTL Ltd., operates plants in Chennai and Hosur in Tamil Nadu. The company exports to more than 60 countries. Its markets include India, South East Asia and Asia-Pacific, the UK and Europe, and the Middle East and Africa. It has signed definitive agreements to acquire an aerospace business.
- Legal name
- HFCL Limited
- NSE symbol
- HFCL
- BSE code
- 500183
- ISIN
- INE548A01028
- Industry
- Telecom - Services
- Listed
- May 1989 on BSE, Mar 2011 on NSE
- Face value
- ₹1
- CIN
- L64200HP1987PLC007466
- Corporate identity number, the registrar of companies' code for it
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