View Future GrowthHFCL 過去の業績過去 基準チェック /46HFCLの収益は年間平均-11.2%の割合で減少していますが、 Telecom業界の収益は年間 増加しています。収益は年間16.3% 3%割合で 減少しています。 HFCLの自己資本利益率は6.7%であり、純利益率は6.3%です。主要情報-11.21%収益成長率-13.83%EPS成長率Telecom 業界の成長13.49%収益成長率-3.01%株主資本利益率6.66%ネット・マージン6.30%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 05Full year 2026 earnings released: EPS: ₹2.13 (vs ₹1.23 in FY 2025)Full year 2026 results: EPS: ₹2.13 (up from ₹1.23 in FY 2025). Revenue: ₹50.1b (up 23% from FY 2025). Net income: ₹3.12b (up 76% from FY 2025). Profit margin: 6.2% (up from 4.4% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Reported Earnings • Feb 04Third quarter 2026 earnings released: EPS: ₹0.67 (vs ₹0.51 in 3Q 2025)Third quarter 2026 results: EPS: ₹0.67 (up from ₹0.51 in 3Q 2025). Revenue: ₹12.1b (up 20% from 3Q 2025). Net income: ₹976.2m (up 33% from 3Q 2025). Profit margin: 8.1% (up from 7.3% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Jan 22HFCL Limited to Report Q3, 2026 Results on Feb 03, 2026HFCL Limited announced that they will report Q3, 2026 results on Feb 03, 2026Reported Earnings • Oct 19Second quarter 2026 earnings released: EPS: ₹0.47 (vs ₹0.51 in 2Q 2025)Second quarter 2026 results: EPS: ₹0.47 (down from ₹0.51 in 2Q 2025). Revenue: ₹10.4b (down 4.6% from 2Q 2025). Net income: ₹678.6m (down 8.2% from 2Q 2025). Profit margin: 6.5% (down from 6.8% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Oct 09HFCL Limited to Report Q2, 2026 Results on Oct 17, 2025HFCL Limited announced that they will report Q2, 2026 results on Oct 17, 2025お知らせ • Aug 21HFCL Limited to Report Fiscal Year 2026 Results on May 30, 2026HFCL Limited announced that they will report fiscal year 2026 results on May 30, 2026すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₹147, the stock trades at a trailing P/E ratio of 71.8x. Average forward P/E is 14x in the Telecom industry in India. Total returns to shareholders of 117% over the past three years.Reported Earnings • May 05Full year 2026 earnings released: EPS: ₹2.13 (vs ₹1.23 in FY 2025)Full year 2026 results: EPS: ₹2.13 (up from ₹1.23 in FY 2025). Revenue: ₹50.1b (up 23% from FY 2025). Net income: ₹3.12b (up 76% from FY 2025). Profit margin: 6.2% (up from 4.4% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Reported Earnings • Feb 04Third quarter 2026 earnings released: EPS: ₹0.67 (vs ₹0.51 in 3Q 2025)Third quarter 2026 results: EPS: ₹0.67 (up from ₹0.51 in 3Q 2025). Revenue: ₹12.1b (up 20% from 3Q 2025). Net income: ₹976.2m (up 33% from 3Q 2025). Profit margin: 8.1% (up from 7.3% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Jan 22HFCL Limited to Report Q3, 2026 Results on Feb 03, 2026HFCL Limited announced that they will report Q3, 2026 results on Feb 03, 2026お知らせ • Dec 23HFCL Limited has filed a Follow-on Equity Offering.HFCL Limited has filed a Follow-on Equity Offering. Security Name: Equity Shares Security Type: Common Stock Transaction Features: Regulation S; Subsequent Direct ListingReported Earnings • Oct 19Second quarter 2026 earnings released: EPS: ₹0.47 (vs ₹0.51 in 2Q 2025)Second quarter 2026 results: EPS: ₹0.47 (down from ₹0.51 in 2Q 2025). Revenue: ₹10.4b (down 4.6% from 2Q 2025). Net income: ₹678.6m (down 8.2% from 2Q 2025). Profit margin: 6.5% (down from 6.8% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Oct 09HFCL Limited to Report Q2, 2026 Results on Oct 17, 2025HFCL Limited announced that they will report Q2, 2026 results on Oct 17, 2025お知らせ • Sep 02Trinity Tech Solutions entered into a Share Purchase Agreement to acquire 15.19% stake in Nivetti Systems Private Limited from HFCL Limited (NSEI:HFCL) for approximately INR 520 million.Trinity Tech Solutions entered into a Share Purchase Agreement to acquire 15.19% stake in Nivetti Systems Private Limited from HFCL Limited (NSEI:HFCL) for approximately INR 520 million on September 1, 2025. Under the terms of the SPA, the Company has agreed to sell its entire stake, i.e., 2,17,594 equity shares representing 15.19% of the total shareholding in Nivetti, to Trinity in one or more tranches, for a total consideration of INR 520 million. The expected date of completion will be On or before October 15, 2025.Upcoming Dividend • Sep 01Upcoming dividend of ₹0.10 per shareEligible shareholders must have bought the stock before 08 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 8.1% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (4.9%).お知らせ • Aug 22HFCL Limited announces Annual dividend, payable on October 15, 2025HFCL Limited announced Annual dividend of INR 0.1000 per share payable on October 15, 2025, ex-date on September 08, 2025 and record date on September 08, 2025.お知らせ • Aug 21HFCL Limited to Report Fiscal Year 2026 Results on May 30, 2026HFCL Limited announced that they will report fiscal year 2026 results on May 30, 2026お知らせ • Aug 20HFCL Limited, Annual General Meeting, Sep 15, 2025HFCL Limited, Annual General Meeting, Sep 15, 2025, at 11:00 Indian Standard Time.Reported Earnings • Jul 26First quarter 2026 earnings released: ₹0.22 loss per share (vs ₹0.77 profit in 1Q 2025)First quarter 2026 results: ₹0.22 loss per share (down from ₹0.77 profit in 1Q 2025). Revenue: ₹8.71b (down 25% from 1Q 2025). Net loss: ₹322.4m (down 129% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Jul 18HFCL Limited to Report Q1, 2026 Results on Jul 25, 2025HFCL Limited announced that they will report Q1, 2026 results on Jul 25, 2025Reported Earnings • May 23Full year 2025 earnings released: EPS: ₹1.23 (vs ₹2.33 in FY 2024)Full year 2025 results: EPS: ₹1.23 (down from ₹2.33 in FY 2024). Revenue: ₹41.2b (down 7.7% from FY 2024). Net income: ₹1.77b (down 46% from FY 2024). Profit margin: 4.3% (down from 7.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₹90.17, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 26x in the Telecom industry in India. Total returns to shareholders of 42% over the past three years.お知らせ • May 10HFCL Limited to Report Q4, 2025 Results on May 22, 2025HFCL Limited announced that they will report Q4, 2025 results on May 22, 2025Reported Earnings • Feb 04Third quarter 2025 earnings released: EPS: ₹0.51 (vs ₹0.58 in 3Q 2024)Third quarter 2025 results: EPS: ₹0.51 (down from ₹0.58 in 3Q 2024). Revenue: ₹10.1b (down 2.0% from 3Q 2024). Net income: ₹736.5m (down 10% from 3Q 2024). Profit margin: 7.3% (down from 8.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.お知らせ • Jan 23HFCL Limited to Report Q3, 2025 Results on Feb 03, 2025HFCL Limited announced that they will report Q3, 2025 results on Feb 03, 2025お知らせ • Jan 03HFCL Limited Announces Retirement of Subodh Kumar Garg as Executive Director - Growth StrategyHFCL Limited announced that Mr. Subodh Kumar Garg, Executive Director - Growth Strategy, a Senior Management Personnel of the Company, has retired from services of the Company with effect from the closing of business hours of December 31, 2024. However, he will continue to discharge his role and functions in the capacity of strategic advisor of the Company.Board Change • Dec 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Ajai Kumar was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 24Second quarter 2025 earnings released: EPS: ₹0.51 (vs ₹0.50 in 2Q 2024)Second quarter 2025 results: EPS: ₹0.51 (up from ₹0.50 in 2Q 2024). Revenue: ₹10.9b (down 3.1% from 2Q 2024). Net income: ₹738.9m (up 6.4% from 2Q 2024). Profit margin: 6.8% (up from 6.2% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.お知らせ • Oct 16HFCL Limited Unveils Two Innovative UBR Solutions:, Advanced 4G & 5G Backhauling and Energy-Efficient Rural Broadband Connectivity SolutionsHFCL Limited announced the launch of two revolutionary Unlicensed Band Radio (UBR) products at the India Mobile Congress 2024, Pragati Maidan, New Delhi. Promising to address the surging data demands of today's network environments and yet maintaining sustainability, HFCL's new launches include: (a) 1 Gbps Small Form Factor 4G/5G backhauling Radio offering unprecedented spectral and power efficiency, and (b) Energy efficient 2 Gbps Point-to-Multipoint Rural connectivity UBR. These designed in India UBR products underline HFCL's position as a key player in the industry for 4G/5G wireless backhauling and rural connectivity solutions. HFCL's new UBR devices offer fibre-like speeds, power efficiency, and significant cost reductions on utilities and tower space, enabling telcos and service providers to save on CAPEX and OPEX alike. Unlike any of traditional backhauling solutions, be it fibre optics, which can be costly and limited in reach, microwave systems which have inherent capacity constraints, and E-band radios which face reliability issues, HFCL's UBRs deliver superior performance, ultra-high capacity and high reliability at almost one-tenth cost as compared to conventional backhauling methods. The 1 Gbps UBR features a compact, portable design with an integrated antenna, making it exceptionally easy to transport and install. Its small form factor is ideal for rapid deployment in both urban and rural environments and is packed with advanced features like bandwidth aggregation, low latency, minimized jitter, and long range etc. making this ideal for 4G and 5G backhauling. Even in compact form, the device provides 1 Gbps throughput, ensuring reliable and fast last-mile access and backhaul connectivity over longer distances. It also includes advanced RF interference mitigation technologies to enhance signal integrity and achievable throughput, optimizing network performance in challenging environments. The 2 Gbps UBR is ideal for providing connectivity in remote villages from a Gram Panchayat in point-to- multipoint scenario, allowing simultaneous delivery of high-bandwidth to multiple villages from a single fibre-PoP. This makes it an ideal solution for extensive deployments in remote and rural environments. These innovative UBRs are designed to deliver high throughput in last-mile and offers telcos and service providers with a scalable and robust wireless backhauling solution. What sets HFCL apart is that these new UBR devices, among other wireless and wired products in its portfolio, can be easily controlled, monitored, and managed through an advanced Element Management System (EMS). A single-pane-of-glass interface that simplifies network management for large-scale deployments for telcos and enterprises. Additionally, Link Planning tool LinkXpert allows for meticulous network planning in advance, ensuring optimal resource utilization and maximizing network efficiency. The Company has also hit a significant milestone of over 500,000 successful deployments of UBRs across its key markets including India, the UK, Europe, Middle East and Africa.お知らせ • Oct 11HFCL Limited to Report Q2, 2025 Results on Oct 21, 2024HFCL Limited announced that they will report Q2, 2025 results on Oct 21, 2024Upcoming Dividend • Sep 18Upcoming dividend of ₹0.20 per shareEligible shareholders must have bought the stock before 23 September 2024. Payment date: 30 October 2024. Payout ratio is a comfortable 8.6% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (4.5%).お知らせ • Sep 12HFCL Limited Showcases Its Latest Range of Innovative High-Density Blown Fibre Solutions At the Connected Britain 2024 EventHFCL Limited showcased its latest range of innovative high-density blown fibre solutions at the Connected Britain 2024 event. The solutions include a comprehensive range of products including - a Compact Fibre Units (CFU) with capacities of up to 12 fibres, available in sizes between 1.1mm and 1.6mm diameter. A 36F Fibre Blown Nano family cable with a 2.4mm diameter. And a new Openreach's PIA approved 1F Aerial Drop Cable, with a 1mm diameter, has also been introduced. Together, these offerings will enable UK operators to connect customers more quickly, cost-effectively, and sustainably. These new additions, further expand HFCL's extensive optical fibre solution portfolio, paving the way for advanced fibre infrastructure and faster broadband rollouts in the UK, targeting Building Digital UK (BDUK) initiative. To accelerate digital connectivity in the UK, HFCL has unveiled a tailored portfolio of 1F-12F compact fibre units (CFUs). These CFUs feature a low-friction HDPE (High-Density Polyethylene) jacket, designed for efficient, long-distance installations in microducts. Capable of being jetted up to 1km at speeds exceeding 80 meters per minute, they deliver exceptional performance. The 12F and 6F units are ideal for low-fibre count distribution networks using small microducts, such as FTTA networks, while the 1F, 2F, and 4F units are perfect for final access even in the smallest microducts. Available in recyclable cardboard pans or reusable/recyclable spools, with lengths up to 6km, these ultra-compact fibre units also lower transportation costs per fibre-kilometre, reducing environmental impact and the carbon footprint associated with network construction. Another new component of HFCL's end-to-end fibre solution is the addition of a 36F version to its already successful 2-24 Fibre Blown Nano family, with a diameter range of 2mm - 2.4mm. This new version maintains the same 2.4mm diameter as the 24F cable, incorporating customised low-friction jacketing and HFCL's world-class 200-micron single-mode optical fibre. This cable is uniquely designed to ise fibre count in the smallest microducts, increasing the maximum available fibre count in a 2.4mm unit by 50%. The increased fibre density enables operators to maximise capacity within existing duct networks, avoiding the need for costly civil works to install new ducts. This higher packing density is also advantageous for operators leasing duct space, as it allows costs to be distributed across a larger number of fibres. HFCL has consciously implemented eco-friendly measures in the manufacturing of this cable, offering sustainable benefits by minimising the use of plastics and gel per fibre-kilometre and utilising recyclable reels. The PIA approved 3.5mm 1F aerial drop cable brings a cost effective and high-quality solution to customers. With Openreach's PIA approval, telecom providers can leverage existing infrastructure to install this 1F aerial drop cable. It is compatible with two leading clamps and works seamlessly with top Aerial Subscriber Nodes (ASN). An ASN is a crucial component in network infrastructure that enables last-mile connectivity, typically in rural or hard-to-reach areas. Mounted on aerial cable poles, it facilitates high-speed internet access by connecting subscribers to the main fibre optic network or wireless network. This solution range launched by HFCL is designed to meet the network requirements of telcos and multiple system operators (MSOs) deploying FTTx services in microducts, targeting markets in the UK, Europe, and North America. HFCL's innovative approach and focus on sustainability set these products apart from competitors, offering superior performance with unmatched customer service.Declared Dividend • Sep 04Dividend of ₹0.20 announcedDividend of ₹0.20 is the same as last year. Ex-date: 23rd September 2024 Payment date: 30th October 2024 Dividend yield will be 0.1%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 2.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Sep 02HFCL Limited, Annual General Meeting, Sep 30, 2024HFCL Limited, Annual General Meeting, Sep 30, 2024, at 11:00 Indian Standard Time.お知らせ • Aug 27HFCL Limited Announces Cessation of Surendra Singh Sirohi as Independent Director, Member/Chairman of CommitteesHFCL Limited announced that Mr. Surendra Singh Sirohi (DIN: 07595264) has completed his second term as an Independent Director and consequently ceased to be a Director of the Company with effect from i.e. August 27, 2024. Consequently, Mr. Sirohi has also ceased to be a Member/Chairman of the following committees of the Company: - Audit Committee Member; Nomination, Remuneration and Compensation Committee (NRC) Chairman; Corporate Social Responsibility Committee (CSR) Member; and Environmental, Social, and Governance Committee (ESG) Chairman.お知らせ • Aug 22HFCL Limited Debuts New Ribbon and Microcable Solutions At ISE EXPO 2024HFCL Limited introduced a suite of new high-performance cable solutions at ISE EXPO 2024 in Dallas, Texas, USA. First, HFCL introduced a product line of high-density single-jacket single-armor Intermittently Bonded Ribbon (IBR) cables with 144-1728 fibers, a development which was recognized with the presentation of an ISE Innovators Award. Second, HFCL expanded its award-winning Nano Thin product line of loose tube microcables to add a 10.6mm diameter 864 fiber cable. As one of the leading global suppliers of optical fiber cables, HFCL will cater to changing demands for network deployment driven by growth in data centers, metro networks and FTTx in North America with these innovative cable solutions. In order to address the connectivity needs and bandwidth challenges faced by telcos and enterprises in the fast-evolving digital landscape, HFCL showcased its new family of 144-1728F Single-Jacket Single-Armor IBR Cables, the smallest, lightest and highest-density general purpose armored ribbon cables available in the North American market. The rugged armored design makes these cables ideal for lashed aerial, direct buried and duct deployments, with a wide range of fiber counts available to support OSP trunk and distribution applications. This patent-pending cable family features a tubeless design for simplified core access, and supports quick, direct access to the core with a guide notch for slitting tools. These craft-friendly features facilitate faster splicing in the field during both installation and restoration. Use of fiberglass-composite strength members instead of steel wire improves safety while supporting lower cable bend radius, enabling use of smaller handholes and pedestals to reduce both material consumption and system cost. Compared to competing armored IBR cable solutions, the cables themselves are more sustainable, with diameter reductions up to 24% and weight reductions ranging from 18 to 48%. HFCL has also extended its sustainable Nano Thin microcable product line to include a 10.6mm diameter 864 fiber cable. This innovative cable maximizes fiber capacity in 14mm diameter microducts to support increased traffic driven by AI and data centers. This 864 fiber cable uses cost-effective, backward-compatible ITU G.657.A1 optical fiber, and its fiber packing density of 9.8 fibers/mm2 is a world record for cables with this fiber type. The cable has a fill factor of 0.75 in 14mm diameter microduct, smaller than that of competing cables. This ideal fill factor enables fast installation by jetting, as demonstrated by a trial by HFCL in which 2,000m of cable was installed in duct on an industry-standard route in only 16 minutes, an astonishing speed of 125 m/minute.New Risk • Aug 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risk Shareholders have been diluted in the past year (4.7% increase in shares outstanding).お知らせ • Jul 31Hfcl Develops Critical Defense Technologies Indigenously with Focus on ExportsHFCL has indigenously designed and developed various cutting edge defence technologies including Electronics Fuzes, Ti Cores for Thermal Sights, Thermal Weapon Sights for light machine guns and assault rifles, Ground Surveillance Radars for various range and applications, High Capacity Radio Relays, among others. HFCL is also in the advanced stage of discussions to adopt defence technology and products developed by the Indian Agencies. The Company's indigenously developed electronic fuzes for artillery ammunition have already undergone extensive testing. The intellectual property rights of these products are entirely owned by HFCL in line with the Atmanirbhar Bharat Abhiyaan. Discussions are underway for the export of these indigenously developed fuzes. HFCL has also designed 12-micron Ti-core based thermal weapon sight for defence forces, a feat accomplished by few global companies. HFCL has also participated in tenders for thermal weapon sights for light machine guns and rocket launchers with its indigenously developed products, which are currently in various stages of trials.Further, to fulfill the critical Information, Surveillance, and Reconnaissance (ISR) needs of Defense and Security Forces, HFCL has strategically focused on developing advanced radar technologies. In its initial offering, HFCL through its subsidiary, Raddef Private Limited, an R&D enterprise specializing in cutting-edge radars and RF solutions, has designed and developed a range of ground and coastal surveillance radars to meet diverse operational needs. These radars employ Frequency Modulated Continuous Wave (FMCW) technology, which offers numerous advantages over other radar technologies, including high accuracy, low power consumption, and resistance to interference. HFCL is also in discussion with a large player for the development of critical sub-systems for their overall surveillance platform. The surveillance radars have been subjected to extensive trials for ground and coastal surveillance applications. The senior defense officials recently visited the Company's R&D facility at Bangalore and appreciated the progress made by HFCL. HFCL is also one of the shortlisted vendors in the Make-II program of the Indian Army for upgrading armaments of BMP 2/2K, having successfully cleared first level of user trials. Aiming to be a significant contributor to the defense sector and fortify national security, HFCL has invested in its R&D capabilities over the past five years to develop various defense technologies. The Indian Defence forces, recognized as the world's fourth largest armed force, stands on the brink of a significant transformation. The Government has identified the Defence sector as pivotal area for the `Aatmanirbhar Bharat' initiative. This strategy focuses on fostering indigenous manufacturing capabilities and strengthening a robust research and development ecosystem. With active initiatives by Indian and various global governments to modernize and upgrade defense networks and systems, there is a total addressable market of multi billion dollars.Reported Earnings • Jul 25First quarter 2025 earnings released: EPS: ₹0.77 (vs ₹0.49 in 1Q 2024)First quarter 2025 results: EPS: ₹0.77 (up from ₹0.49 in 1Q 2024). Revenue: ₹11.6b (up 16% from 1Q 2024). Net income: ₹1.11b (up 64% from 1Q 2024). Profit margin: 9.6% (up from 6.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.お知らせ • Jul 13HFCL Limited to Report Q1, 2025 Results on Jul 24, 2024HFCL Limited announced that they will report Q1, 2025 results on Jul 24, 2024Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹132, the stock trades at a trailing P/E ratio of 57x. Average trailing P/E is 50x in the Telecom industry in India. Total returns to shareholders of 49% over the past three years.New Risk • Jun 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (4.7% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jun 04Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ₹83.60, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 45x in the Telecom industry in India. Total returns to shareholders of 65% over the past three years.Reported Earnings • May 04Full year 2024 earnings released: EPS: ₹2.33 (vs ₹2.18 in FY 2023)Full year 2024 results: EPS: ₹2.33 (up from ₹2.18 in FY 2023). Revenue: ₹45.7b (down 3.7% from FY 2023). Net income: ₹3.30b (up 9.6% from FY 2023). Profit margin: 7.2% (up from 6.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.お知らせ • Apr 21HFCL Limited to Report Q4, 2024 Results on May 03, 2024HFCL Limited announced that they will report Q4, 2024 results on May 03, 2024New Risk • Mar 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Shareholders have been diluted in the past year (4.4% increase in shares outstanding).Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₹83.75, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 47x in the Telecom industry in India. Total returns to shareholders of 215% over the past three years.Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: ₹0.58 (vs ₹0.69 in 3Q 2023)Third quarter 2024 results: EPS: ₹0.58 (down from ₹0.69 in 3Q 2023). Revenue: ₹10.8b (flat on 3Q 2023). Net income: ₹822.4m (down 14% from 3Q 2023). Profit margin: 7.6% (down from 8.9% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jan 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (3.7% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jan 24Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₹106, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 53x in the Telecom industry in India. Total returns to shareholders of 274% over the past three years.お知らせ • Jan 12HFCL Limited to Report Q3, 2024 Results on Jan 25, 2024HFCL Limited announced that they will report Q3, 2024 results on Jan 25, 2024Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₹81.04, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 37x in the Telecom industry in India. Total returns to shareholders of 239% over the past three years.お知らせ • Oct 31HFCL Limited Launches a Suite of Connectivity Products and Solutions for Global Telcos and EnterprisesHFCL Limited has unveiled a pioneering suite of 5G products and network solutions at the India Mobile Congress 2023 held during October 27, 2023 to October 29, 2023. HFCL launched a comprehensive suite of next-gen connectivity products and solutions for the international markets, including 5G FWA (Fixed Wireless Access) CPE (Customer Premise Equipment), IP MPLS Routers, 2 Gbps UBR (Unlicensed Band Radio), and 1728-high fiber count IBR (Intermittently Bonded Ribbon) Optical Fibre Cable. HFCL has unveiled its own designed and developed 5G FWA (Fixed Wireless Access) CPE (Customer Premise Equipment) solution in various variants. Pioneering innovative technology products, HFCL's portfolio of Indoor and Outdoor 5G FWA CPE products will accelerate wireless broadband penetration in urban, rural areas and help bridge the last-mile connectivity challenge in key global markets. Built to complement wired broadband connections in areas where fibre rollout is limited, HFCL's range of 5G FWA CPE support both 5G SA and NSA technologies across multiple Sub-6 GHz and mmWave frequency bands to offer cost-effective and fibre-like speeds to customers using the 5G network. Marking a significant leap in offering 5G backhauling and carrier-grade enterprise wireless connectivity, the launch of 2 Gbps UBR positions HFCL as a dominant player in the growing Indian and global UBR market. This innovative product offers a low-latency, 2 Gbps connectivity solution which can operate across an extended 5GHz frequency range. It is designed for easy installation, effortless management, high reliability and has advanced security features to protect from external threat vectors. Further, in comparison to traditional backhaul solutions, 5G wireless backhauling with 2 Gbps UBR will enable HFCL's customers to save up to 75% on the total cost of ownership (TCO). Further, addressing the connectivity needs and bandwidth challenges faced by telcos and enterprises in the fast-evolving digital landscape, HFCL has also launched revolutionary IP MPLS Routers. The comprehensive IP MPLS Router product line introduced by HFCL aims to empower telcos to backhaul 5G networks, fibre broadband networks and provide last mile connectivity to enterprises in urban metros and tier 2 cities. This IP MPLS Router portfolio will help HFCL's customers build scalable and efficient networks that are capable of handling different types of data traffic, support Quality of Service (QoS) for bandwidth prioritization and avoid network congestion. Along with these, HFCL has also introduced its 1728-high-fibre count Intermittently Bonded Ribbon (IBR) Optical Fibre Cable that will allow telcos and enterprises to accelerate installation of 5G network infrastructure, expand FTTH capabilities and address the rising demand for high-capacity networks particularly from hyper scale data centres. The gel-free IBR cable is also optimised with high productivity mass fusion splicing for cost efficient deployment, easy installation in congested areas and quick restoration in case of any accidental outage.Reported Earnings • Oct 22Second quarter 2024 earnings released: EPS: ₹0.50 (vs ₹0.60 in 2Q 2023)Second quarter 2024 results: EPS: ₹0.50 (down from ₹0.60 in 2Q 2023). Revenue: ₹11.3b (down 3.8% from 2Q 2023). Net income: ₹694.2m (down 15% from 2Q 2023). Profit margin: 6.2% (down from 7.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 11HFCL Limited to Report Q2, 2024 Results on Oct 19, 2023HFCL Limited announced that they will report Q2, 2024 results on Oct 19, 2023Upcoming Dividend • Sep 15Upcoming dividend of ₹0.20 per share at 0.3% yieldEligible shareholders must have bought the stock before 22 September 2023. Payment date: 30 October 2023. Payout ratio is a comfortable 9.2% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (4.3%).お知らせ • Sep 02HFCL Limited, Annual General Meeting, Sep 30, 2023HFCL Limited, Annual General Meeting, Sep 30, 2023, at 11:00 Indian Standard Time.New Risk • Sep 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.お知らせ • Aug 25HFCL Limited Announces Retirement of Brij Bhushan Singh as Executive President- Defence ProductsHFCL Limited announced that Mr. Brij Bhushan Singh, Executive President- Defence Products has vide e-mail sent on August 04, 2023 expressed his desire to take early retirement, due to his personal reasons. It is further informed that on his request, Mr. Brij Bhushan Singh has been relieved from his duties, effective end of business hours of August 18, 2023.Reported Earnings • Jul 28First quarter 2024 earnings released: EPS: ₹0.49 (vs ₹0.37 in 1Q 2023)First quarter 2024 results: EPS: ₹0.49 (up from ₹0.37 in 1Q 2023). Revenue: ₹9.95b (down 5.3% from 1Q 2023). Net income: ₹680.9m (up 33% from 1Q 2023). Profit margin: 6.8% (up from 4.9% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 15HFCL Limited to Report Q1, 2024 Results on Jul 26, 2023HFCL Limited announced that they will report Q1, 2024 results on Jul 26, 2023お知らせ • May 09HFCL Limited Proposes Dividend for the Year 2023HFCL Limited proposed dividend for the financial year 2022-23 @ 20%, i.e., INR 0.20 per equity share of face value INR 1 each, out of the Profits of the Company for the financial year 2022-23, which shall be paid, subject to the approval of the shareholders in the upcoming annual general meeting or other authorities, wherever required. The Dividend for the financial year ended March 31, 2023, if declared, at the upcoming annual general meeting, will be paid to the shareholders, within 30 days from the date of declaration.Reported Earnings • May 09Full year 2023 earnings released: EPS: ₹2.18 (vs ₹2.38 in FY 2022)Full year 2023 results: EPS: ₹2.18 (down from ₹2.38 in FY 2022). Revenue: ₹47.9b (up 1.3% from FY 2022). Net income: ₹3.01b (down 3.9% from FY 2022). Profit margin: 6.3% (down from 6.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Feb 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Ajay Kumar was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jan 25Third quarter 2023 earnings released: EPS: ₹0.69 (vs ₹0.59 in 3Q 2022)Third quarter 2023 results: EPS: ₹0.69 (up from ₹0.59 in 3Q 2022). Revenue: ₹10.9b (down 11% from 3Q 2022). Net income: ₹961.3m (up 23% from 3Q 2022). Profit margin: 8.9% (up from 6.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 12HFCL Limited to Report Q3, 2023 Results on Jan 23, 2023HFCL Limited announced that they will report Q3, 2023 results on Jan 23, 2023Valuation Update With 7 Day Price Move • Dec 23Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₹66.40, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 20x in the Telecom industry in India. Total returns to shareholders of 280% over the past three years.Reported Earnings • Oct 21Second quarter 2023 earnings released: EPS: ₹0.60 (vs ₹0.64 in 2Q 2022)Second quarter 2023 results: EPS: ₹0.60. Revenue: ₹11.7b (up 4.6% from 2Q 2022). Net income: ₹818.4m (flat on 2Q 2022). Profit margin: 7.0% (down from 7.3% in 2Q 2022). The decrease in margin was driven by higher expenses.Upcoming Dividend • Sep 15Upcoming dividend of ₹0.18 per shareEligible shareholders must have bought the stock before 22 September 2022. Payment date: 30 October 2022. Payout ratio is a comfortable 8.7% and the cash payout ratio is 84%. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (4.4%).Reported Earnings • Jul 23First quarter 2023 earnings released: EPS: ₹0.37 (vs ₹0.68 in 1Q 2022)First quarter 2023 results: EPS: ₹0.37 (down from ₹0.68 in 1Q 2022). Revenue: ₹10.7b (down 11% from 1Q 2022). Net income: ₹511.7m (down 42% from 1Q 2022). Profit margin: 4.8% (down from 7.3% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improved over the past weekAfter last week's 20% share price gain to ₹65.85, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 15x in the Telecom industry in India. Total returns to shareholders of 220% over the past three years.Buying Opportunity • May 02Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be ₹85.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.6%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 73% in the next 2 years.Reported Earnings • May 01Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₹2.38 (up from ₹1.86 in FY 2021). Revenue: ₹47.7b (up 7.8% from FY 2021). Net income: ₹3.13b (up 31% from FY 2021). Profit margin: 6.6% (up from 5.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 9.1%, compared to a 4.1% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₹81.95, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 275% over the past three years.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₹63.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Telecom industry in Asia. Total returns to shareholders of 203% over the past three years.Reported Earnings • Jan 19Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: ₹0.59 (down from ₹0.64 in 3Q 2021). Revenue: ₹12.2b (down 4.9% from 3Q 2021). Net income: ₹783.8m (down 4.7% from 3Q 2021). Profit margin: 6.4% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.9%, compared to a 4.3% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₹86.95, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Telecom industry in Asia. Total returns to shareholders of 357% over the past three years.Reported Earnings • Oct 12Second quarter 2022 earnings released: EPS ₹0.64 (vs ₹0.40 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹11.3b (up 6.8% from 2Q 2021). Net income: ₹816.1m (up 60% from 2Q 2021). Profit margin: 7.2% (up from 4.8% in 2Q 2021). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Sep 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹79.15, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 22x in the Telecom industry in Asia. Total returns to shareholders of 259% over the past three years.Valuation Update With 7 Day Price Move • Aug 20Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₹57.75, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 21x in the Telecom industry in Asia. Total returns to shareholders of 135% over the past three years.お知らせ • Jul 15HFCL Limited Provides Earnings Guidance for 2021HFCL Limited provides earnings guidance for 2021. For the period, the company expect to increase revenue at 15% to 20%.Reported Earnings • Jul 14First quarter 2022 earnings released: EPS ₹0.68 (vs ₹0.16 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹12.1b (up 73% from 1Q 2021). Net income: ₹878.3m (up 317% from 1Q 2021). Profit margin: 7.3% (up from 3.0% in 1Q 2021). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₹88.95, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 22x in the Telecom industry in Asia. Total returns to shareholders of 209% over the past three years.Valuation Update With 7 Day Price Move • Jun 24Investor sentiment improved over the past weekAfter last week's 26% share price gain to ₹66.75, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 22x in the Telecom industry in Asia. Total returns to shareholders of 143% over the past three years.Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₹51.15, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 22x in the Telecom industry in Asia. Total returns to shareholders of 62% over the past three years.Valuation Update With 7 Day Price Move • May 17Investor sentiment improved over the past weekAfter last week's 24% share price gain to ₹42.60, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 22x in the Telecom industry in Asia. Total returns to shareholders of 61% over the past three years.お知らせ • May 13HFCL Limited Announces Launch of Its TIP OpenWiFi Compliant Access Points Ready for PM-WANI DeploymentsHFCL Limited announced the launch of its Telecom Infra Project (TIP) OpenWiFi compliant Access Points. TIP is a global community of companies and organizations that are driving infrastructure solutions to advance global connectivity. The TIP OpenWiFi platform will ensure plug and play interoperability across multiple vendors resulting in a faster roll out of features. HFCL has been working very closely with TIP to develop cost effective open source powered Access Points and wireless controllers to extend the reach and accelerate the growth of high-speed broadband services across the world. HFCL is also collaborating with a few leading core solutions providers, to offer IO Outdoor and Indoor TIP OpenWiFi compliant Access Points for PM-WANI deployments. PM-WANI is an Indian Government's public Wi-Fi project, aimed at deploying millions of Wi-Fi hotspots and provide affordable high-speed Internet to everyone in the Country. Relying on its indigenously developed secure Wi-Fi solutions, along with TIP OpenWiFi integration, HFCL aims to create a robust and interoperable Wi-Fi Network integrated with third party captive portal and AAA solutions for the use and benefit of users across the Country. VVDN Technologies, a premier product engineering and manufacturing company, has been the preferred technology manufacturing partner of HFCL for Making in India all of HFCL's Wi-Fi and unlicensed band radio solutions. HFCL strongly believes that using TIP OpenWiFi, together with the Government of India ambitious BharatNet initiative, would augment broadband uptake in every part of India.Reported Earnings • May 11Full year 2021 earnings released: EPS ₹1.86 (vs ₹1.77 in FY 2020)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: ₹44.6b (up 16% from FY 2020). Net income: ₹2.39b (up 5.2% from FY 2020). Profit margin: 5.4% (down from 5.9% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • May 11HFCL Limited Recommends Dividend for the Financial Year 2020-21HFCL Limited considered and recommended dividend for the financial year 2020-21 (15%) INR 0.15/- per equity share of face value INR 1/- each, out of the Profits of the Company for the financial year 2020-21, which shall be paid, subject to the approval of the shareholders in the upcoming annual general meeting or other authorities, wherever required. The Dividend for the financial year ended March 31, 2021, if declared, at the upcoming annual general meeting, will be paid to the shareholders, within 30 days from the date of declaration.Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₹28.65, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 21x in the Telecom industry in Asia. Total returns to shareholders of 3.5% over the past three years.お知らせ • Mar 11HFCL Limited and WDN Technologies Jointly Set Up A Model PM-WANI Village Powered by i2e1HFCL Limited jointly with VVDN Technologies announced setting up of a model PM-WAN I village in Baslambi, Haryana. This model village will provide high speed Wi-Fi to all residents of the otherwise poorly connected Village Baslambi located in Farrukh Nagar Tehsil, Gurugram. The model village showcases HFCL IO's PM-WANI compliant Wi-Fi Access Points integrated with core solutions by i2e1, an IIT Delhi-based startup that has been one of the major contributors towards conceptualizing the PM-WAN I model whilst working closely with TRAI and DoT. The village residents are now connecting to PM-WANI compliant Wi-Fi, getting authenticated through the app or mobile OTP and are able to access high-speed Internet, thereby gaining digital connectivity to all governance, educational, entertainment and several other services. Relying on its indigenously developed secure Wi-Fi solutions and utilizing its high performance point-to-point radios for bringing high-speed backhaul connectivity to this remote village, HFCL jointly with VVDN's expert wireless teams have created a robust high speed Wi-Fi network integrated with i2e1 core providing Internet services in the area for the use and benefit of the locals. VVDN Technologies, a premier product engineering and manufacturing company, has been the preferred manufacturing partner of HFCL for Making in India all their Wi-Fi and unlicensed band radio solutions.お知らせ • Feb 23HFCL Limited Announces Change in DirectorateThe board of directors of HFCL Limited in their meeting held on February 22, 2021 has approved the following: Appointment of Mr. Ramakrishna Eda as an Additional Director (Non-Executive) in the category of Non-Executive Director (Nominee-IDBI Bank Limited) on the Board of the Company, effective February 22, 2021; Cessation of Mr. Ranjeet Anandkumar Soni, Director (Non-Executive) (Nominee-IDBI Bank Limited), effective February 22, 2021, due to withdrawal of his nomination by IDBI Bank Limited and placed on record its sincere appreciation for the support and valuable guidance given by him during his tenure as Director of the Company. Re-constitution of the Corporate Social Responsibility (CSR) Committee of the Board of Directors, effective February 22, 2021:- Mr. Mahendra Nahata, Managing Director as Chairman; Mr. Mahendra Pratap Shukla, Chairman & Non-Executive Director as Member; Mr. Surendra Singh Sirohi, Non-Executive Independent Director as Member; and Mr. Ramakrishna Eda, Non-Executive Director (Nominee - IDBI Member Bank Limited as Member.Executive Departure • Feb 23Non-Executive Director has left the companyOn the 22nd of February, Ranjeet Soni's tenure as Non-Executive Director ended after 3.3 years in the role. We don't have any record of a personal shareholding under Ranjeet's name. Ranjeet is the only executive to leave the company over the last 12 months.お知らせ • Feb 10HFCL Limited Launches New Range of Wi-Fi 6 ProductsHFCL Limited has strengthened its portfolio of Wireless Solutions with the roll-out of new dual band Wi-Fi 6 products in addition to the existing Wi-Fi 5 range of products. The Company has joined hands with Qualcomm Technologies for its newly developed Wi-Fi 6 portfolio of products. HFCL 10 new product range consisting of Wi-Fi 6 (802.11ax) Dual Band Outdoor and Indoor Access Points and Telco Grade Cloud NMS support for comprehensive security features like WPA3, IEEE 802.1X and IEEE 802.11i, to ensure higher encryption & secure data transfer of numerous simultaneously connected devices. The Wi-Fi 6 Access Points (ion4x, ion4xe, ion4xi) and Cloud NMS (iCon) was launched on February 08, 2021. This new range of 10 products is targeted to serve global carriers, enterprises and Internet Service Providers to provide seamless data connectivity to their consumers. Furthermore, the Wi-Fi 6 products are compatible and complementary to the upcoming 5G technology, offering a seamless integration with 5G core, enabling a smooth mobile data offload implementation for operators thereby providing lower latency & increased capacity over their predecessors without any hassles of a complex Wi-Fi- 3GPP core integration. Together they bring next-level, seamless functionality to the wireless world. HFCL 10 networks new product range consists of Wi-Fi 6 {802.llax) Dual Band Outdoor & Indoor Access Points, and Telco Grade Cloud NMS support for comprehensive security features like WPA3, IEEE 802.1X and IEEE 802.1li to ensure higher encryption & secure data transfer of numerous, simultaneously connected devices. This latest range offers an ultimate solution for outdoor hotspots where high speed connectivity and security of data are the most important need of users who want to remain connected. The new dual band Wi-Fi 6 Access Points are ideal for dense deployment including large enterprises, office buildings, retail outlets, malls, schools, stadiums, hospitals and many other areas. These APs showcase Wi-Fi Alliance Certified EasyMesh support that can automatically create self-organizing, self-healing network interoperating even with third party APs with zero touch provisioning, making it very simple and easy to install and configure. Based on the Wi-Fi 6 standard, these APs deliver higher capacity, enhanced power efficiency, and best in class performance even in densely populated or congested environments.Reported Earnings • Jan 15Third quarter 2021 earnings released: EPS ₹0.64The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹12.8b (up 50% from 3Q 2020). Net income: ₹836.8m (up 82% from 3Q 2020). Profit margin: 6.5% (up from 5.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹30.10, the stock is trading at a trailing P/E ratio of 31.3x, up from the previous P/E ratio of 26.9x. This compares to an average P/E of 21x in the Telecom industry in Asia. Total return to shareholders over the past three years is a loss of 12%.お知らせ • Jan 05HFCL Limited to Report Q3, 2021 Results on Jan 14, 2021HFCL Limited announced that they will report Q3, 2021 results on Jan 14, 2021Is New 90 Day High Low • Jan 04New 90-day high: ₹26.90The company is up 55% from its price of ₹17.35 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 5.0% over the same period.Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹26.50, the stock is trading at a trailing P/E ratio of 27.5x, up from the previous P/E ratio of 23.8x. This compares to an average P/E of 21x in the Telecom industry in Asia. Total return to shareholders over the past three years is a loss of 17%.Is New 90 Day High Low • Dec 15New 90-day high: ₹24.00The company is up 52% from its price of ₹15.75 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 3.0% over the same period.Valuation Update With 7 Day Price Move • Dec 02Market bids up stock over the past weekAfter last week's 28% share price gain to ₹23.10, the stock is trading at a trailing P/E ratio of 24x, up from the previous P/E ratio of 18.7x. This compares to an average P/E of 19x in the Telecom industry in Asia. Total return to shareholders over the past three years is a loss of 16%.Is New 90 Day High Low • Nov 18New 90-day high: ₹19.10The company is up 19% from its price of ₹16.06 on 20 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 2.0% over the same period.Reported Earnings • Oct 12First half earnings releasedOver the last 12 months the company has reported total profits of ₹1.24b, down 59% from the prior year. Total revenue was ₹32.7b over the last 12 months, down 31% from the prior year.お知らせ • Oct 02HFCL Limited to Report Q2, 2021 Results on Oct 10, 2020HFCL Limited announced that they will report Q2, 2021 results on Oct 10, 2020収支内訳HFCL の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史BSE:500183 収益、費用、利益 ( )INR Millions日付収益収益G+A経費研究開発費31 Mar 2649,4933,1174,453031 Dec 2539,2595184,071030 Sep 2537,2702783,934030 Jun 2537,7733393,802031 Mar 2540,6451,7743,719031 Dec 2445,8993,6893,651030 Sep 2446,1023,7753,607030 Jun 2446,2813,7303,478031 Mar 2444,6513,2983,555031 Dec 2345,7202,9163,583030 Sep 2346,4673,0553,525030 Jun 2346,8753,1793,576031 Mar 2347,4333,0103,513031 Dec 2244,9332,9453,209030 Sep 2246,2272,7673,184030 Jun 2245,7132,7653,093031 Mar 2247,2713,1313,039031 Dec 2149,3553,3253,065030 Sep 2149,9783,3642,966030 Jun 2149,3013,0572,807031 Mar 2144,2302,3902,566031 Dec 2036,9481,6012,503030 Sep 2032,7071,2402,309030 Jun 2031,9591,3802,181031 Mar 2038,3892,2732,285031 Dec 1943,9122,8412,344030 Sep 1947,5863,0562,293030 Jun 1949,9222,8432,163031 Mar 1947,3782,1992,087031 Mar 1832,2741,6791,768031 Mar 1721,3141,2291,607031 Mar 1628,7352,6551,7940質の高い収益: 500183は 高品質の収益 を持っています。利益率の向上: 500183の現在の純利益率 (6.3%)は、昨年(4.4%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 500183の収益は過去 5 年間で年間11.2%減少しました。成長の加速: 500183の過去 1 年間の収益成長率 ( 75.7% ) は、5 年間の平均 ( 年間-11.2%を上回っています。収益対業界: 500183の過去 1 年間の収益成長率 ( 75.7% ) はTelecom業界45.6%を上回りました。株主資本利益率高いROE: 500183の 自己資本利益率 ( 6.7% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTelecom 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 15:37終値2026/05/22 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋HFCL Limited 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Anil BurraFirstCall ResearchMithun JosephGeojit Financial Services Ltd.Abhijit MitraICICI Securities Ltd.
Reported Earnings • May 05Full year 2026 earnings released: EPS: ₹2.13 (vs ₹1.23 in FY 2025)Full year 2026 results: EPS: ₹2.13 (up from ₹1.23 in FY 2025). Revenue: ₹50.1b (up 23% from FY 2025). Net income: ₹3.12b (up 76% from FY 2025). Profit margin: 6.2% (up from 4.4% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Reported Earnings • Feb 04Third quarter 2026 earnings released: EPS: ₹0.67 (vs ₹0.51 in 3Q 2025)Third quarter 2026 results: EPS: ₹0.67 (up from ₹0.51 in 3Q 2025). Revenue: ₹12.1b (up 20% from 3Q 2025). Net income: ₹976.2m (up 33% from 3Q 2025). Profit margin: 8.1% (up from 7.3% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Jan 22HFCL Limited to Report Q3, 2026 Results on Feb 03, 2026HFCL Limited announced that they will report Q3, 2026 results on Feb 03, 2026
Reported Earnings • Oct 19Second quarter 2026 earnings released: EPS: ₹0.47 (vs ₹0.51 in 2Q 2025)Second quarter 2026 results: EPS: ₹0.47 (down from ₹0.51 in 2Q 2025). Revenue: ₹10.4b (down 4.6% from 2Q 2025). Net income: ₹678.6m (down 8.2% from 2Q 2025). Profit margin: 6.5% (down from 6.8% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 09HFCL Limited to Report Q2, 2026 Results on Oct 17, 2025HFCL Limited announced that they will report Q2, 2026 results on Oct 17, 2025
お知らせ • Aug 21HFCL Limited to Report Fiscal Year 2026 Results on May 30, 2026HFCL Limited announced that they will report fiscal year 2026 results on May 30, 2026
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₹147, the stock trades at a trailing P/E ratio of 71.8x. Average forward P/E is 14x in the Telecom industry in India. Total returns to shareholders of 117% over the past three years.
Reported Earnings • May 05Full year 2026 earnings released: EPS: ₹2.13 (vs ₹1.23 in FY 2025)Full year 2026 results: EPS: ₹2.13 (up from ₹1.23 in FY 2025). Revenue: ₹50.1b (up 23% from FY 2025). Net income: ₹3.12b (up 76% from FY 2025). Profit margin: 6.2% (up from 4.4% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Reported Earnings • Feb 04Third quarter 2026 earnings released: EPS: ₹0.67 (vs ₹0.51 in 3Q 2025)Third quarter 2026 results: EPS: ₹0.67 (up from ₹0.51 in 3Q 2025). Revenue: ₹12.1b (up 20% from 3Q 2025). Net income: ₹976.2m (up 33% from 3Q 2025). Profit margin: 8.1% (up from 7.3% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Jan 22HFCL Limited to Report Q3, 2026 Results on Feb 03, 2026HFCL Limited announced that they will report Q3, 2026 results on Feb 03, 2026
お知らせ • Dec 23HFCL Limited has filed a Follow-on Equity Offering.HFCL Limited has filed a Follow-on Equity Offering. Security Name: Equity Shares Security Type: Common Stock Transaction Features: Regulation S; Subsequent Direct Listing
Reported Earnings • Oct 19Second quarter 2026 earnings released: EPS: ₹0.47 (vs ₹0.51 in 2Q 2025)Second quarter 2026 results: EPS: ₹0.47 (down from ₹0.51 in 2Q 2025). Revenue: ₹10.4b (down 4.6% from 2Q 2025). Net income: ₹678.6m (down 8.2% from 2Q 2025). Profit margin: 6.5% (down from 6.8% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 09HFCL Limited to Report Q2, 2026 Results on Oct 17, 2025HFCL Limited announced that they will report Q2, 2026 results on Oct 17, 2025
お知らせ • Sep 02Trinity Tech Solutions entered into a Share Purchase Agreement to acquire 15.19% stake in Nivetti Systems Private Limited from HFCL Limited (NSEI:HFCL) for approximately INR 520 million.Trinity Tech Solutions entered into a Share Purchase Agreement to acquire 15.19% stake in Nivetti Systems Private Limited from HFCL Limited (NSEI:HFCL) for approximately INR 520 million on September 1, 2025. Under the terms of the SPA, the Company has agreed to sell its entire stake, i.e., 2,17,594 equity shares representing 15.19% of the total shareholding in Nivetti, to Trinity in one or more tranches, for a total consideration of INR 520 million. The expected date of completion will be On or before October 15, 2025.
Upcoming Dividend • Sep 01Upcoming dividend of ₹0.10 per shareEligible shareholders must have bought the stock before 08 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 8.1% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (4.9%).
お知らせ • Aug 22HFCL Limited announces Annual dividend, payable on October 15, 2025HFCL Limited announced Annual dividend of INR 0.1000 per share payable on October 15, 2025, ex-date on September 08, 2025 and record date on September 08, 2025.
お知らせ • Aug 21HFCL Limited to Report Fiscal Year 2026 Results on May 30, 2026HFCL Limited announced that they will report fiscal year 2026 results on May 30, 2026
お知らせ • Aug 20HFCL Limited, Annual General Meeting, Sep 15, 2025HFCL Limited, Annual General Meeting, Sep 15, 2025, at 11:00 Indian Standard Time.
Reported Earnings • Jul 26First quarter 2026 earnings released: ₹0.22 loss per share (vs ₹0.77 profit in 1Q 2025)First quarter 2026 results: ₹0.22 loss per share (down from ₹0.77 profit in 1Q 2025). Revenue: ₹8.71b (down 25% from 1Q 2025). Net loss: ₹322.4m (down 129% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Jul 18HFCL Limited to Report Q1, 2026 Results on Jul 25, 2025HFCL Limited announced that they will report Q1, 2026 results on Jul 25, 2025
Reported Earnings • May 23Full year 2025 earnings released: EPS: ₹1.23 (vs ₹2.33 in FY 2024)Full year 2025 results: EPS: ₹1.23 (down from ₹2.33 in FY 2024). Revenue: ₹41.2b (down 7.7% from FY 2024). Net income: ₹1.77b (down 46% from FY 2024). Profit margin: 4.3% (down from 7.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₹90.17, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 26x in the Telecom industry in India. Total returns to shareholders of 42% over the past three years.
お知らせ • May 10HFCL Limited to Report Q4, 2025 Results on May 22, 2025HFCL Limited announced that they will report Q4, 2025 results on May 22, 2025
Reported Earnings • Feb 04Third quarter 2025 earnings released: EPS: ₹0.51 (vs ₹0.58 in 3Q 2024)Third quarter 2025 results: EPS: ₹0.51 (down from ₹0.58 in 3Q 2024). Revenue: ₹10.1b (down 2.0% from 3Q 2024). Net income: ₹736.5m (down 10% from 3Q 2024). Profit margin: 7.3% (down from 8.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.
お知らせ • Jan 23HFCL Limited to Report Q3, 2025 Results on Feb 03, 2025HFCL Limited announced that they will report Q3, 2025 results on Feb 03, 2025
お知らせ • Jan 03HFCL Limited Announces Retirement of Subodh Kumar Garg as Executive Director - Growth StrategyHFCL Limited announced that Mr. Subodh Kumar Garg, Executive Director - Growth Strategy, a Senior Management Personnel of the Company, has retired from services of the Company with effect from the closing of business hours of December 31, 2024. However, he will continue to discharge his role and functions in the capacity of strategic advisor of the Company.
Board Change • Dec 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Ajai Kumar was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 24Second quarter 2025 earnings released: EPS: ₹0.51 (vs ₹0.50 in 2Q 2024)Second quarter 2025 results: EPS: ₹0.51 (up from ₹0.50 in 2Q 2024). Revenue: ₹10.9b (down 3.1% from 2Q 2024). Net income: ₹738.9m (up 6.4% from 2Q 2024). Profit margin: 6.8% (up from 6.2% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
お知らせ • Oct 16HFCL Limited Unveils Two Innovative UBR Solutions:, Advanced 4G & 5G Backhauling and Energy-Efficient Rural Broadband Connectivity SolutionsHFCL Limited announced the launch of two revolutionary Unlicensed Band Radio (UBR) products at the India Mobile Congress 2024, Pragati Maidan, New Delhi. Promising to address the surging data demands of today's network environments and yet maintaining sustainability, HFCL's new launches include: (a) 1 Gbps Small Form Factor 4G/5G backhauling Radio offering unprecedented spectral and power efficiency, and (b) Energy efficient 2 Gbps Point-to-Multipoint Rural connectivity UBR. These designed in India UBR products underline HFCL's position as a key player in the industry for 4G/5G wireless backhauling and rural connectivity solutions. HFCL's new UBR devices offer fibre-like speeds, power efficiency, and significant cost reductions on utilities and tower space, enabling telcos and service providers to save on CAPEX and OPEX alike. Unlike any of traditional backhauling solutions, be it fibre optics, which can be costly and limited in reach, microwave systems which have inherent capacity constraints, and E-band radios which face reliability issues, HFCL's UBRs deliver superior performance, ultra-high capacity and high reliability at almost one-tenth cost as compared to conventional backhauling methods. The 1 Gbps UBR features a compact, portable design with an integrated antenna, making it exceptionally easy to transport and install. Its small form factor is ideal for rapid deployment in both urban and rural environments and is packed with advanced features like bandwidth aggregation, low latency, minimized jitter, and long range etc. making this ideal for 4G and 5G backhauling. Even in compact form, the device provides 1 Gbps throughput, ensuring reliable and fast last-mile access and backhaul connectivity over longer distances. It also includes advanced RF interference mitigation technologies to enhance signal integrity and achievable throughput, optimizing network performance in challenging environments. The 2 Gbps UBR is ideal for providing connectivity in remote villages from a Gram Panchayat in point-to- multipoint scenario, allowing simultaneous delivery of high-bandwidth to multiple villages from a single fibre-PoP. This makes it an ideal solution for extensive deployments in remote and rural environments. These innovative UBRs are designed to deliver high throughput in last-mile and offers telcos and service providers with a scalable and robust wireless backhauling solution. What sets HFCL apart is that these new UBR devices, among other wireless and wired products in its portfolio, can be easily controlled, monitored, and managed through an advanced Element Management System (EMS). A single-pane-of-glass interface that simplifies network management for large-scale deployments for telcos and enterprises. Additionally, Link Planning tool LinkXpert allows for meticulous network planning in advance, ensuring optimal resource utilization and maximizing network efficiency. The Company has also hit a significant milestone of over 500,000 successful deployments of UBRs across its key markets including India, the UK, Europe, Middle East and Africa.
お知らせ • Oct 11HFCL Limited to Report Q2, 2025 Results on Oct 21, 2024HFCL Limited announced that they will report Q2, 2025 results on Oct 21, 2024
Upcoming Dividend • Sep 18Upcoming dividend of ₹0.20 per shareEligible shareholders must have bought the stock before 23 September 2024. Payment date: 30 October 2024. Payout ratio is a comfortable 8.6% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (4.5%).
お知らせ • Sep 12HFCL Limited Showcases Its Latest Range of Innovative High-Density Blown Fibre Solutions At the Connected Britain 2024 EventHFCL Limited showcased its latest range of innovative high-density blown fibre solutions at the Connected Britain 2024 event. The solutions include a comprehensive range of products including - a Compact Fibre Units (CFU) with capacities of up to 12 fibres, available in sizes between 1.1mm and 1.6mm diameter. A 36F Fibre Blown Nano family cable with a 2.4mm diameter. And a new Openreach's PIA approved 1F Aerial Drop Cable, with a 1mm diameter, has also been introduced. Together, these offerings will enable UK operators to connect customers more quickly, cost-effectively, and sustainably. These new additions, further expand HFCL's extensive optical fibre solution portfolio, paving the way for advanced fibre infrastructure and faster broadband rollouts in the UK, targeting Building Digital UK (BDUK) initiative. To accelerate digital connectivity in the UK, HFCL has unveiled a tailored portfolio of 1F-12F compact fibre units (CFUs). These CFUs feature a low-friction HDPE (High-Density Polyethylene) jacket, designed for efficient, long-distance installations in microducts. Capable of being jetted up to 1km at speeds exceeding 80 meters per minute, they deliver exceptional performance. The 12F and 6F units are ideal for low-fibre count distribution networks using small microducts, such as FTTA networks, while the 1F, 2F, and 4F units are perfect for final access even in the smallest microducts. Available in recyclable cardboard pans or reusable/recyclable spools, with lengths up to 6km, these ultra-compact fibre units also lower transportation costs per fibre-kilometre, reducing environmental impact and the carbon footprint associated with network construction. Another new component of HFCL's end-to-end fibre solution is the addition of a 36F version to its already successful 2-24 Fibre Blown Nano family, with a diameter range of 2mm - 2.4mm. This new version maintains the same 2.4mm diameter as the 24F cable, incorporating customised low-friction jacketing and HFCL's world-class 200-micron single-mode optical fibre. This cable is uniquely designed to ise fibre count in the smallest microducts, increasing the maximum available fibre count in a 2.4mm unit by 50%. The increased fibre density enables operators to maximise capacity within existing duct networks, avoiding the need for costly civil works to install new ducts. This higher packing density is also advantageous for operators leasing duct space, as it allows costs to be distributed across a larger number of fibres. HFCL has consciously implemented eco-friendly measures in the manufacturing of this cable, offering sustainable benefits by minimising the use of plastics and gel per fibre-kilometre and utilising recyclable reels. The PIA approved 3.5mm 1F aerial drop cable brings a cost effective and high-quality solution to customers. With Openreach's PIA approval, telecom providers can leverage existing infrastructure to install this 1F aerial drop cable. It is compatible with two leading clamps and works seamlessly with top Aerial Subscriber Nodes (ASN). An ASN is a crucial component in network infrastructure that enables last-mile connectivity, typically in rural or hard-to-reach areas. Mounted on aerial cable poles, it facilitates high-speed internet access by connecting subscribers to the main fibre optic network or wireless network. This solution range launched by HFCL is designed to meet the network requirements of telcos and multiple system operators (MSOs) deploying FTTx services in microducts, targeting markets in the UK, Europe, and North America. HFCL's innovative approach and focus on sustainability set these products apart from competitors, offering superior performance with unmatched customer service.
Declared Dividend • Sep 04Dividend of ₹0.20 announcedDividend of ₹0.20 is the same as last year. Ex-date: 23rd September 2024 Payment date: 30th October 2024 Dividend yield will be 0.1%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 2.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Sep 02HFCL Limited, Annual General Meeting, Sep 30, 2024HFCL Limited, Annual General Meeting, Sep 30, 2024, at 11:00 Indian Standard Time.
お知らせ • Aug 27HFCL Limited Announces Cessation of Surendra Singh Sirohi as Independent Director, Member/Chairman of CommitteesHFCL Limited announced that Mr. Surendra Singh Sirohi (DIN: 07595264) has completed his second term as an Independent Director and consequently ceased to be a Director of the Company with effect from i.e. August 27, 2024. Consequently, Mr. Sirohi has also ceased to be a Member/Chairman of the following committees of the Company: - Audit Committee Member; Nomination, Remuneration and Compensation Committee (NRC) Chairman; Corporate Social Responsibility Committee (CSR) Member; and Environmental, Social, and Governance Committee (ESG) Chairman.
お知らせ • Aug 22HFCL Limited Debuts New Ribbon and Microcable Solutions At ISE EXPO 2024HFCL Limited introduced a suite of new high-performance cable solutions at ISE EXPO 2024 in Dallas, Texas, USA. First, HFCL introduced a product line of high-density single-jacket single-armor Intermittently Bonded Ribbon (IBR) cables with 144-1728 fibers, a development which was recognized with the presentation of an ISE Innovators Award. Second, HFCL expanded its award-winning Nano Thin product line of loose tube microcables to add a 10.6mm diameter 864 fiber cable. As one of the leading global suppliers of optical fiber cables, HFCL will cater to changing demands for network deployment driven by growth in data centers, metro networks and FTTx in North America with these innovative cable solutions. In order to address the connectivity needs and bandwidth challenges faced by telcos and enterprises in the fast-evolving digital landscape, HFCL showcased its new family of 144-1728F Single-Jacket Single-Armor IBR Cables, the smallest, lightest and highest-density general purpose armored ribbon cables available in the North American market. The rugged armored design makes these cables ideal for lashed aerial, direct buried and duct deployments, with a wide range of fiber counts available to support OSP trunk and distribution applications. This patent-pending cable family features a tubeless design for simplified core access, and supports quick, direct access to the core with a guide notch for slitting tools. These craft-friendly features facilitate faster splicing in the field during both installation and restoration. Use of fiberglass-composite strength members instead of steel wire improves safety while supporting lower cable bend radius, enabling use of smaller handholes and pedestals to reduce both material consumption and system cost. Compared to competing armored IBR cable solutions, the cables themselves are more sustainable, with diameter reductions up to 24% and weight reductions ranging from 18 to 48%. HFCL has also extended its sustainable Nano Thin microcable product line to include a 10.6mm diameter 864 fiber cable. This innovative cable maximizes fiber capacity in 14mm diameter microducts to support increased traffic driven by AI and data centers. This 864 fiber cable uses cost-effective, backward-compatible ITU G.657.A1 optical fiber, and its fiber packing density of 9.8 fibers/mm2 is a world record for cables with this fiber type. The cable has a fill factor of 0.75 in 14mm diameter microduct, smaller than that of competing cables. This ideal fill factor enables fast installation by jetting, as demonstrated by a trial by HFCL in which 2,000m of cable was installed in duct on an industry-standard route in only 16 minutes, an astonishing speed of 125 m/minute.
New Risk • Aug 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risk Shareholders have been diluted in the past year (4.7% increase in shares outstanding).
お知らせ • Jul 31Hfcl Develops Critical Defense Technologies Indigenously with Focus on ExportsHFCL has indigenously designed and developed various cutting edge defence technologies including Electronics Fuzes, Ti Cores for Thermal Sights, Thermal Weapon Sights for light machine guns and assault rifles, Ground Surveillance Radars for various range and applications, High Capacity Radio Relays, among others. HFCL is also in the advanced stage of discussions to adopt defence technology and products developed by the Indian Agencies. The Company's indigenously developed electronic fuzes for artillery ammunition have already undergone extensive testing. The intellectual property rights of these products are entirely owned by HFCL in line with the Atmanirbhar Bharat Abhiyaan. Discussions are underway for the export of these indigenously developed fuzes. HFCL has also designed 12-micron Ti-core based thermal weapon sight for defence forces, a feat accomplished by few global companies. HFCL has also participated in tenders for thermal weapon sights for light machine guns and rocket launchers with its indigenously developed products, which are currently in various stages of trials.Further, to fulfill the critical Information, Surveillance, and Reconnaissance (ISR) needs of Defense and Security Forces, HFCL has strategically focused on developing advanced radar technologies. In its initial offering, HFCL through its subsidiary, Raddef Private Limited, an R&D enterprise specializing in cutting-edge radars and RF solutions, has designed and developed a range of ground and coastal surveillance radars to meet diverse operational needs. These radars employ Frequency Modulated Continuous Wave (FMCW) technology, which offers numerous advantages over other radar technologies, including high accuracy, low power consumption, and resistance to interference. HFCL is also in discussion with a large player for the development of critical sub-systems for their overall surveillance platform. The surveillance radars have been subjected to extensive trials for ground and coastal surveillance applications. The senior defense officials recently visited the Company's R&D facility at Bangalore and appreciated the progress made by HFCL. HFCL is also one of the shortlisted vendors in the Make-II program of the Indian Army for upgrading armaments of BMP 2/2K, having successfully cleared first level of user trials. Aiming to be a significant contributor to the defense sector and fortify national security, HFCL has invested in its R&D capabilities over the past five years to develop various defense technologies. The Indian Defence forces, recognized as the world's fourth largest armed force, stands on the brink of a significant transformation. The Government has identified the Defence sector as pivotal area for the `Aatmanirbhar Bharat' initiative. This strategy focuses on fostering indigenous manufacturing capabilities and strengthening a robust research and development ecosystem. With active initiatives by Indian and various global governments to modernize and upgrade defense networks and systems, there is a total addressable market of multi billion dollars.
Reported Earnings • Jul 25First quarter 2025 earnings released: EPS: ₹0.77 (vs ₹0.49 in 1Q 2024)First quarter 2025 results: EPS: ₹0.77 (up from ₹0.49 in 1Q 2024). Revenue: ₹11.6b (up 16% from 1Q 2024). Net income: ₹1.11b (up 64% from 1Q 2024). Profit margin: 9.6% (up from 6.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
お知らせ • Jul 13HFCL Limited to Report Q1, 2025 Results on Jul 24, 2024HFCL Limited announced that they will report Q1, 2025 results on Jul 24, 2024
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹132, the stock trades at a trailing P/E ratio of 57x. Average trailing P/E is 50x in the Telecom industry in India. Total returns to shareholders of 49% over the past three years.
New Risk • Jun 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (4.7% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ₹83.60, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 45x in the Telecom industry in India. Total returns to shareholders of 65% over the past three years.
Reported Earnings • May 04Full year 2024 earnings released: EPS: ₹2.33 (vs ₹2.18 in FY 2023)Full year 2024 results: EPS: ₹2.33 (up from ₹2.18 in FY 2023). Revenue: ₹45.7b (down 3.7% from FY 2023). Net income: ₹3.30b (up 9.6% from FY 2023). Profit margin: 7.2% (up from 6.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.
お知らせ • Apr 21HFCL Limited to Report Q4, 2024 Results on May 03, 2024HFCL Limited announced that they will report Q4, 2024 results on May 03, 2024
New Risk • Mar 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Shareholders have been diluted in the past year (4.4% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₹83.75, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 47x in the Telecom industry in India. Total returns to shareholders of 215% over the past three years.
Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: ₹0.58 (vs ₹0.69 in 3Q 2023)Third quarter 2024 results: EPS: ₹0.58 (down from ₹0.69 in 3Q 2023). Revenue: ₹10.8b (flat on 3Q 2023). Net income: ₹822.4m (down 14% from 3Q 2023). Profit margin: 7.6% (down from 8.9% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jan 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (3.7% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jan 24Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₹106, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 53x in the Telecom industry in India. Total returns to shareholders of 274% over the past three years.
お知らせ • Jan 12HFCL Limited to Report Q3, 2024 Results on Jan 25, 2024HFCL Limited announced that they will report Q3, 2024 results on Jan 25, 2024
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₹81.04, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 37x in the Telecom industry in India. Total returns to shareholders of 239% over the past three years.
お知らせ • Oct 31HFCL Limited Launches a Suite of Connectivity Products and Solutions for Global Telcos and EnterprisesHFCL Limited has unveiled a pioneering suite of 5G products and network solutions at the India Mobile Congress 2023 held during October 27, 2023 to October 29, 2023. HFCL launched a comprehensive suite of next-gen connectivity products and solutions for the international markets, including 5G FWA (Fixed Wireless Access) CPE (Customer Premise Equipment), IP MPLS Routers, 2 Gbps UBR (Unlicensed Band Radio), and 1728-high fiber count IBR (Intermittently Bonded Ribbon) Optical Fibre Cable. HFCL has unveiled its own designed and developed 5G FWA (Fixed Wireless Access) CPE (Customer Premise Equipment) solution in various variants. Pioneering innovative technology products, HFCL's portfolio of Indoor and Outdoor 5G FWA CPE products will accelerate wireless broadband penetration in urban, rural areas and help bridge the last-mile connectivity challenge in key global markets. Built to complement wired broadband connections in areas where fibre rollout is limited, HFCL's range of 5G FWA CPE support both 5G SA and NSA technologies across multiple Sub-6 GHz and mmWave frequency bands to offer cost-effective and fibre-like speeds to customers using the 5G network. Marking a significant leap in offering 5G backhauling and carrier-grade enterprise wireless connectivity, the launch of 2 Gbps UBR positions HFCL as a dominant player in the growing Indian and global UBR market. This innovative product offers a low-latency, 2 Gbps connectivity solution which can operate across an extended 5GHz frequency range. It is designed for easy installation, effortless management, high reliability and has advanced security features to protect from external threat vectors. Further, in comparison to traditional backhaul solutions, 5G wireless backhauling with 2 Gbps UBR will enable HFCL's customers to save up to 75% on the total cost of ownership (TCO). Further, addressing the connectivity needs and bandwidth challenges faced by telcos and enterprises in the fast-evolving digital landscape, HFCL has also launched revolutionary IP MPLS Routers. The comprehensive IP MPLS Router product line introduced by HFCL aims to empower telcos to backhaul 5G networks, fibre broadband networks and provide last mile connectivity to enterprises in urban metros and tier 2 cities. This IP MPLS Router portfolio will help HFCL's customers build scalable and efficient networks that are capable of handling different types of data traffic, support Quality of Service (QoS) for bandwidth prioritization and avoid network congestion. Along with these, HFCL has also introduced its 1728-high-fibre count Intermittently Bonded Ribbon (IBR) Optical Fibre Cable that will allow telcos and enterprises to accelerate installation of 5G network infrastructure, expand FTTH capabilities and address the rising demand for high-capacity networks particularly from hyper scale data centres. The gel-free IBR cable is also optimised with high productivity mass fusion splicing for cost efficient deployment, easy installation in congested areas and quick restoration in case of any accidental outage.
Reported Earnings • Oct 22Second quarter 2024 earnings released: EPS: ₹0.50 (vs ₹0.60 in 2Q 2023)Second quarter 2024 results: EPS: ₹0.50 (down from ₹0.60 in 2Q 2023). Revenue: ₹11.3b (down 3.8% from 2Q 2023). Net income: ₹694.2m (down 15% from 2Q 2023). Profit margin: 6.2% (down from 7.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 11HFCL Limited to Report Q2, 2024 Results on Oct 19, 2023HFCL Limited announced that they will report Q2, 2024 results on Oct 19, 2023
Upcoming Dividend • Sep 15Upcoming dividend of ₹0.20 per share at 0.3% yieldEligible shareholders must have bought the stock before 22 September 2023. Payment date: 30 October 2023. Payout ratio is a comfortable 9.2% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (4.3%).
お知らせ • Sep 02HFCL Limited, Annual General Meeting, Sep 30, 2023HFCL Limited, Annual General Meeting, Sep 30, 2023, at 11:00 Indian Standard Time.
New Risk • Sep 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
お知らせ • Aug 25HFCL Limited Announces Retirement of Brij Bhushan Singh as Executive President- Defence ProductsHFCL Limited announced that Mr. Brij Bhushan Singh, Executive President- Defence Products has vide e-mail sent on August 04, 2023 expressed his desire to take early retirement, due to his personal reasons. It is further informed that on his request, Mr. Brij Bhushan Singh has been relieved from his duties, effective end of business hours of August 18, 2023.
Reported Earnings • Jul 28First quarter 2024 earnings released: EPS: ₹0.49 (vs ₹0.37 in 1Q 2023)First quarter 2024 results: EPS: ₹0.49 (up from ₹0.37 in 1Q 2023). Revenue: ₹9.95b (down 5.3% from 1Q 2023). Net income: ₹680.9m (up 33% from 1Q 2023). Profit margin: 6.8% (up from 4.9% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 15HFCL Limited to Report Q1, 2024 Results on Jul 26, 2023HFCL Limited announced that they will report Q1, 2024 results on Jul 26, 2023
お知らせ • May 09HFCL Limited Proposes Dividend for the Year 2023HFCL Limited proposed dividend for the financial year 2022-23 @ 20%, i.e., INR 0.20 per equity share of face value INR 1 each, out of the Profits of the Company for the financial year 2022-23, which shall be paid, subject to the approval of the shareholders in the upcoming annual general meeting or other authorities, wherever required. The Dividend for the financial year ended March 31, 2023, if declared, at the upcoming annual general meeting, will be paid to the shareholders, within 30 days from the date of declaration.
Reported Earnings • May 09Full year 2023 earnings released: EPS: ₹2.18 (vs ₹2.38 in FY 2022)Full year 2023 results: EPS: ₹2.18 (down from ₹2.38 in FY 2022). Revenue: ₹47.9b (up 1.3% from FY 2022). Net income: ₹3.01b (down 3.9% from FY 2022). Profit margin: 6.3% (down from 6.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Feb 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Ajay Kumar was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jan 25Third quarter 2023 earnings released: EPS: ₹0.69 (vs ₹0.59 in 3Q 2022)Third quarter 2023 results: EPS: ₹0.69 (up from ₹0.59 in 3Q 2022). Revenue: ₹10.9b (down 11% from 3Q 2022). Net income: ₹961.3m (up 23% from 3Q 2022). Profit margin: 8.9% (up from 6.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 12HFCL Limited to Report Q3, 2023 Results on Jan 23, 2023HFCL Limited announced that they will report Q3, 2023 results on Jan 23, 2023
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₹66.40, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 20x in the Telecom industry in India. Total returns to shareholders of 280% over the past three years.
Reported Earnings • Oct 21Second quarter 2023 earnings released: EPS: ₹0.60 (vs ₹0.64 in 2Q 2022)Second quarter 2023 results: EPS: ₹0.60. Revenue: ₹11.7b (up 4.6% from 2Q 2022). Net income: ₹818.4m (flat on 2Q 2022). Profit margin: 7.0% (down from 7.3% in 2Q 2022). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Sep 15Upcoming dividend of ₹0.18 per shareEligible shareholders must have bought the stock before 22 September 2022. Payment date: 30 October 2022. Payout ratio is a comfortable 8.7% and the cash payout ratio is 84%. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (4.4%).
Reported Earnings • Jul 23First quarter 2023 earnings released: EPS: ₹0.37 (vs ₹0.68 in 1Q 2022)First quarter 2023 results: EPS: ₹0.37 (down from ₹0.68 in 1Q 2022). Revenue: ₹10.7b (down 11% from 1Q 2022). Net income: ₹511.7m (down 42% from 1Q 2022). Profit margin: 4.8% (down from 7.3% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improved over the past weekAfter last week's 20% share price gain to ₹65.85, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 15x in the Telecom industry in India. Total returns to shareholders of 220% over the past three years.
Buying Opportunity • May 02Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be ₹85.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.6%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 73% in the next 2 years.
Reported Earnings • May 01Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₹2.38 (up from ₹1.86 in FY 2021). Revenue: ₹47.7b (up 7.8% from FY 2021). Net income: ₹3.13b (up 31% from FY 2021). Profit margin: 6.6% (up from 5.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 9.1%, compared to a 4.1% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₹81.95, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 275% over the past three years.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₹63.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Telecom industry in Asia. Total returns to shareholders of 203% over the past three years.
Reported Earnings • Jan 19Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: ₹0.59 (down from ₹0.64 in 3Q 2021). Revenue: ₹12.2b (down 4.9% from 3Q 2021). Net income: ₹783.8m (down 4.7% from 3Q 2021). Profit margin: 6.4% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.9%, compared to a 4.3% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₹86.95, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Telecom industry in Asia. Total returns to shareholders of 357% over the past three years.
Reported Earnings • Oct 12Second quarter 2022 earnings released: EPS ₹0.64 (vs ₹0.40 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹11.3b (up 6.8% from 2Q 2021). Net income: ₹816.1m (up 60% from 2Q 2021). Profit margin: 7.2% (up from 4.8% in 2Q 2021). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Sep 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹79.15, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 22x in the Telecom industry in Asia. Total returns to shareholders of 259% over the past three years.
Valuation Update With 7 Day Price Move • Aug 20Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₹57.75, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 21x in the Telecom industry in Asia. Total returns to shareholders of 135% over the past three years.
お知らせ • Jul 15HFCL Limited Provides Earnings Guidance for 2021HFCL Limited provides earnings guidance for 2021. For the period, the company expect to increase revenue at 15% to 20%.
Reported Earnings • Jul 14First quarter 2022 earnings released: EPS ₹0.68 (vs ₹0.16 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹12.1b (up 73% from 1Q 2021). Net income: ₹878.3m (up 317% from 1Q 2021). Profit margin: 7.3% (up from 3.0% in 1Q 2021). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₹88.95, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 22x in the Telecom industry in Asia. Total returns to shareholders of 209% over the past three years.
Valuation Update With 7 Day Price Move • Jun 24Investor sentiment improved over the past weekAfter last week's 26% share price gain to ₹66.75, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 22x in the Telecom industry in Asia. Total returns to shareholders of 143% over the past three years.
Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₹51.15, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 22x in the Telecom industry in Asia. Total returns to shareholders of 62% over the past three years.
Valuation Update With 7 Day Price Move • May 17Investor sentiment improved over the past weekAfter last week's 24% share price gain to ₹42.60, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 22x in the Telecom industry in Asia. Total returns to shareholders of 61% over the past three years.
お知らせ • May 13HFCL Limited Announces Launch of Its TIP OpenWiFi Compliant Access Points Ready for PM-WANI DeploymentsHFCL Limited announced the launch of its Telecom Infra Project (TIP) OpenWiFi compliant Access Points. TIP is a global community of companies and organizations that are driving infrastructure solutions to advance global connectivity. The TIP OpenWiFi platform will ensure plug and play interoperability across multiple vendors resulting in a faster roll out of features. HFCL has been working very closely with TIP to develop cost effective open source powered Access Points and wireless controllers to extend the reach and accelerate the growth of high-speed broadband services across the world. HFCL is also collaborating with a few leading core solutions providers, to offer IO Outdoor and Indoor TIP OpenWiFi compliant Access Points for PM-WANI deployments. PM-WANI is an Indian Government's public Wi-Fi project, aimed at deploying millions of Wi-Fi hotspots and provide affordable high-speed Internet to everyone in the Country. Relying on its indigenously developed secure Wi-Fi solutions, along with TIP OpenWiFi integration, HFCL aims to create a robust and interoperable Wi-Fi Network integrated with third party captive portal and AAA solutions for the use and benefit of users across the Country. VVDN Technologies, a premier product engineering and manufacturing company, has been the preferred technology manufacturing partner of HFCL for Making in India all of HFCL's Wi-Fi and unlicensed band radio solutions. HFCL strongly believes that using TIP OpenWiFi, together with the Government of India ambitious BharatNet initiative, would augment broadband uptake in every part of India.
Reported Earnings • May 11Full year 2021 earnings released: EPS ₹1.86 (vs ₹1.77 in FY 2020)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: ₹44.6b (up 16% from FY 2020). Net income: ₹2.39b (up 5.2% from FY 2020). Profit margin: 5.4% (down from 5.9% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • May 11HFCL Limited Recommends Dividend for the Financial Year 2020-21HFCL Limited considered and recommended dividend for the financial year 2020-21 (15%) INR 0.15/- per equity share of face value INR 1/- each, out of the Profits of the Company for the financial year 2020-21, which shall be paid, subject to the approval of the shareholders in the upcoming annual general meeting or other authorities, wherever required. The Dividend for the financial year ended March 31, 2021, if declared, at the upcoming annual general meeting, will be paid to the shareholders, within 30 days from the date of declaration.
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₹28.65, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 21x in the Telecom industry in Asia. Total returns to shareholders of 3.5% over the past three years.
お知らせ • Mar 11HFCL Limited and WDN Technologies Jointly Set Up A Model PM-WANI Village Powered by i2e1HFCL Limited jointly with VVDN Technologies announced setting up of a model PM-WAN I village in Baslambi, Haryana. This model village will provide high speed Wi-Fi to all residents of the otherwise poorly connected Village Baslambi located in Farrukh Nagar Tehsil, Gurugram. The model village showcases HFCL IO's PM-WANI compliant Wi-Fi Access Points integrated with core solutions by i2e1, an IIT Delhi-based startup that has been one of the major contributors towards conceptualizing the PM-WAN I model whilst working closely with TRAI and DoT. The village residents are now connecting to PM-WANI compliant Wi-Fi, getting authenticated through the app or mobile OTP and are able to access high-speed Internet, thereby gaining digital connectivity to all governance, educational, entertainment and several other services. Relying on its indigenously developed secure Wi-Fi solutions and utilizing its high performance point-to-point radios for bringing high-speed backhaul connectivity to this remote village, HFCL jointly with VVDN's expert wireless teams have created a robust high speed Wi-Fi network integrated with i2e1 core providing Internet services in the area for the use and benefit of the locals. VVDN Technologies, a premier product engineering and manufacturing company, has been the preferred manufacturing partner of HFCL for Making in India all their Wi-Fi and unlicensed band radio solutions.
お知らせ • Feb 23HFCL Limited Announces Change in DirectorateThe board of directors of HFCL Limited in their meeting held on February 22, 2021 has approved the following: Appointment of Mr. Ramakrishna Eda as an Additional Director (Non-Executive) in the category of Non-Executive Director (Nominee-IDBI Bank Limited) on the Board of the Company, effective February 22, 2021; Cessation of Mr. Ranjeet Anandkumar Soni, Director (Non-Executive) (Nominee-IDBI Bank Limited), effective February 22, 2021, due to withdrawal of his nomination by IDBI Bank Limited and placed on record its sincere appreciation for the support and valuable guidance given by him during his tenure as Director of the Company. Re-constitution of the Corporate Social Responsibility (CSR) Committee of the Board of Directors, effective February 22, 2021:- Mr. Mahendra Nahata, Managing Director as Chairman; Mr. Mahendra Pratap Shukla, Chairman & Non-Executive Director as Member; Mr. Surendra Singh Sirohi, Non-Executive Independent Director as Member; and Mr. Ramakrishna Eda, Non-Executive Director (Nominee - IDBI Member Bank Limited as Member.
Executive Departure • Feb 23Non-Executive Director has left the companyOn the 22nd of February, Ranjeet Soni's tenure as Non-Executive Director ended after 3.3 years in the role. We don't have any record of a personal shareholding under Ranjeet's name. Ranjeet is the only executive to leave the company over the last 12 months.
お知らせ • Feb 10HFCL Limited Launches New Range of Wi-Fi 6 ProductsHFCL Limited has strengthened its portfolio of Wireless Solutions with the roll-out of new dual band Wi-Fi 6 products in addition to the existing Wi-Fi 5 range of products. The Company has joined hands with Qualcomm Technologies for its newly developed Wi-Fi 6 portfolio of products. HFCL 10 new product range consisting of Wi-Fi 6 (802.11ax) Dual Band Outdoor and Indoor Access Points and Telco Grade Cloud NMS support for comprehensive security features like WPA3, IEEE 802.1X and IEEE 802.11i, to ensure higher encryption & secure data transfer of numerous simultaneously connected devices. The Wi-Fi 6 Access Points (ion4x, ion4xe, ion4xi) and Cloud NMS (iCon) was launched on February 08, 2021. This new range of 10 products is targeted to serve global carriers, enterprises and Internet Service Providers to provide seamless data connectivity to their consumers. Furthermore, the Wi-Fi 6 products are compatible and complementary to the upcoming 5G technology, offering a seamless integration with 5G core, enabling a smooth mobile data offload implementation for operators thereby providing lower latency & increased capacity over their predecessors without any hassles of a complex Wi-Fi- 3GPP core integration. Together they bring next-level, seamless functionality to the wireless world. HFCL 10 networks new product range consists of Wi-Fi 6 {802.llax) Dual Band Outdoor & Indoor Access Points, and Telco Grade Cloud NMS support for comprehensive security features like WPA3, IEEE 802.1X and IEEE 802.1li to ensure higher encryption & secure data transfer of numerous, simultaneously connected devices. This latest range offers an ultimate solution for outdoor hotspots where high speed connectivity and security of data are the most important need of users who want to remain connected. The new dual band Wi-Fi 6 Access Points are ideal for dense deployment including large enterprises, office buildings, retail outlets, malls, schools, stadiums, hospitals and many other areas. These APs showcase Wi-Fi Alliance Certified EasyMesh support that can automatically create self-organizing, self-healing network interoperating even with third party APs with zero touch provisioning, making it very simple and easy to install and configure. Based on the Wi-Fi 6 standard, these APs deliver higher capacity, enhanced power efficiency, and best in class performance even in densely populated or congested environments.
Reported Earnings • Jan 15Third quarter 2021 earnings released: EPS ₹0.64The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹12.8b (up 50% from 3Q 2020). Net income: ₹836.8m (up 82% from 3Q 2020). Profit margin: 6.5% (up from 5.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹30.10, the stock is trading at a trailing P/E ratio of 31.3x, up from the previous P/E ratio of 26.9x. This compares to an average P/E of 21x in the Telecom industry in Asia. Total return to shareholders over the past three years is a loss of 12%.
お知らせ • Jan 05HFCL Limited to Report Q3, 2021 Results on Jan 14, 2021HFCL Limited announced that they will report Q3, 2021 results on Jan 14, 2021
Is New 90 Day High Low • Jan 04New 90-day high: ₹26.90The company is up 55% from its price of ₹17.35 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 5.0% over the same period.
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹26.50, the stock is trading at a trailing P/E ratio of 27.5x, up from the previous P/E ratio of 23.8x. This compares to an average P/E of 21x in the Telecom industry in Asia. Total return to shareholders over the past three years is a loss of 17%.
Is New 90 Day High Low • Dec 15New 90-day high: ₹24.00The company is up 52% from its price of ₹15.75 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 3.0% over the same period.
Valuation Update With 7 Day Price Move • Dec 02Market bids up stock over the past weekAfter last week's 28% share price gain to ₹23.10, the stock is trading at a trailing P/E ratio of 24x, up from the previous P/E ratio of 18.7x. This compares to an average P/E of 19x in the Telecom industry in Asia. Total return to shareholders over the past three years is a loss of 16%.
Is New 90 Day High Low • Nov 18New 90-day high: ₹19.10The company is up 19% from its price of ₹16.06 on 20 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 2.0% over the same period.
Reported Earnings • Oct 12First half earnings releasedOver the last 12 months the company has reported total profits of ₹1.24b, down 59% from the prior year. Total revenue was ₹32.7b over the last 12 months, down 31% from the prior year.
お知らせ • Oct 02HFCL Limited to Report Q2, 2021 Results on Oct 10, 2020HFCL Limited announced that they will report Q2, 2021 results on Oct 10, 2020