HFCL Limited

NSEI:HFCL Stock Report

Market Cap: ₹110.7b

HFCL Management

Management criteria checks 3/4

HFCL's CEO is Mahendra Nahata, appointed in Oct 2005, has a tenure of 38.42 years. total yearly compensation is ₹78.03M, comprised of 70.5% salary and 29.5% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth ₹305.27M. The average tenure of the management team and the board of directors is 19 years and 15.8 years respectively.

Key information

Mahendra Nahata

Chief executive officer

₹78.0m

Total compensation

CEO salary percentage70.49%
CEO tenure20yrs
CEO ownership0.3%
Management average tenure19yrs
Board average tenure15.8yrs

Recent management updates

We Discuss Why HFCL Limited's (NSE:HFCL) CEO Compensation May Be Closely Reviewed

Sep 09
We Discuss Why HFCL Limited's (NSE:HFCL) CEO Compensation May Be Closely Reviewed

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For HFCL Limited's (NSE:HFCL) CEO For Now

Sep 24
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For HFCL Limited's (NSE:HFCL) CEO For Now

Recent updates

HFCL Limited's (NSE:HFCL) Popularity With Investors Is Under Threat From Overpricing

Oct 04
HFCL Limited's (NSE:HFCL) Popularity With Investors Is Under Threat From Overpricing

We Discuss Why HFCL Limited's (NSE:HFCL) CEO Compensation May Be Closely Reviewed

Sep 09
We Discuss Why HFCL Limited's (NSE:HFCL) CEO Compensation May Be Closely Reviewed

HFCL (NSE:HFCL) Is Reinvesting At Lower Rates Of Return

Aug 21
HFCL (NSE:HFCL) Is Reinvesting At Lower Rates Of Return

HFCL Limited's (NSE:HFCL) Price Is Out Of Tune With Earnings

Jun 14
HFCL Limited's (NSE:HFCL) Price Is Out Of Tune With Earnings

The Returns On Capital At HFCL (NSE:HFCL) Don't Inspire Confidence

Apr 21
The Returns On Capital At HFCL (NSE:HFCL) Don't Inspire Confidence

HFCL (NSE:HFCL) Has A Pretty Healthy Balance Sheet

Feb 23
HFCL (NSE:HFCL) Has A Pretty Healthy Balance Sheet

HFCL Limited (NSE:HFCL) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely

Jan 14
HFCL Limited (NSE:HFCL) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely

Investors Could Be Concerned With HFCL's (NSE:HFCL) Returns On Capital

Jan 10
Investors Could Be Concerned With HFCL's (NSE:HFCL) Returns On Capital

HFCL (NSE:HFCL) Has A Pretty Healthy Balance Sheet

Nov 12
HFCL (NSE:HFCL) Has A Pretty Healthy Balance Sheet

HFCL Limited's (NSE:HFCL) Popularity With Investors Under Threat As Stock Sinks 29%

Oct 23
HFCL Limited's (NSE:HFCL) Popularity With Investors Under Threat As Stock Sinks 29%

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For HFCL Limited's (NSE:HFCL) CEO For Now

Sep 24
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For HFCL Limited's (NSE:HFCL) CEO For Now

HFCL (NSE:HFCL) Is Due To Pay A Dividend Of ₹0.20

Sep 19
HFCL (NSE:HFCL) Is Due To Pay A Dividend Of ₹0.20

HFCL (NSE:HFCL) Will Pay A Dividend Of ₹0.20

Sep 05
HFCL (NSE:HFCL) Will Pay A Dividend Of ₹0.20

HFCL Limited's (NSE:HFCL) Shares Climb 29% But Its Business Is Yet to Catch Up

Aug 23
HFCL Limited's (NSE:HFCL) Shares Climb 29% But Its Business Is Yet to Catch Up

Be Wary Of HFCL (NSE:HFCL) And Its Returns On Capital

Aug 22
Be Wary Of HFCL (NSE:HFCL) And Its Returns On Capital

HFCL Limited's (NSE:HFCL) 26% Share Price Surge Not Quite Adding Up

Jun 20
HFCL Limited's (NSE:HFCL) 26% Share Price Surge Not Quite Adding Up

Here's What's Concerning About HFCL's (NSE:HFCL) Returns On Capital

May 23
Here's What's Concerning About HFCL's (NSE:HFCL) Returns On Capital

HFCL Limited's (NSE:HFCL) Shareholders Might Be Looking For Exit

Mar 28
HFCL Limited's (NSE:HFCL) Shareholders Might Be Looking For Exit

There Are Reasons To Feel Uneasy About HFCL's (NSE:HFCL) Returns On Capital

Feb 21
There Are Reasons To Feel Uneasy About HFCL's (NSE:HFCL) Returns On Capital

With HFCL Limited (NSE:HFCL) It Looks Like You'll Get What You Pay For

Dec 26
With HFCL Limited (NSE:HFCL) It Looks Like You'll Get What You Pay For

HFCL (NSE:HFCL) Has A Pretty Healthy Balance Sheet

Nov 17
HFCL (NSE:HFCL) Has A Pretty Healthy Balance Sheet

HFCL (NSE:HFCL) Could Be Struggling To Allocate Capital

Oct 21
HFCL (NSE:HFCL) Could Be Struggling To Allocate Capital

This Is The Reason Why We Think HFCL Limited's (NSE:HFCL) CEO Deserves A Bump Up To Their Compensation

Sep 24
This Is The Reason Why We Think HFCL Limited's (NSE:HFCL) CEO Deserves A Bump Up To Their Compensation

HFCL (NSE:HFCL) Has Announced That It Will Be Increasing Its Dividend To ₹0.20

Sep 04
HFCL (NSE:HFCL) Has Announced That It Will Be Increasing Its Dividend To ₹0.20

We Think HFCL (NSE:HFCL) Is Taking Some Risk With Its Debt

Jun 27
We Think HFCL (NSE:HFCL) Is Taking Some Risk With Its Debt

Return Trends At HFCL (NSE:HFCL) Aren't Appealing

Jun 06
Return Trends At HFCL (NSE:HFCL) Aren't Appealing

Does HFCL (NSE:HFCL) Have A Healthy Balance Sheet?

Mar 28
Does HFCL (NSE:HFCL) Have A Healthy Balance Sheet?

Is HFCL (NSE:HFCL) A Risky Investment?

Dec 17
Is HFCL (NSE:HFCL) A Risky Investment?

Most Shareholders Will Probably Find That The CEO Compensation For HFCL Limited (NSE:HFCL) Is Reasonable

Sep 24
Most Shareholders Will Probably Find That The CEO Compensation For HFCL Limited (NSE:HFCL) Is Reasonable

HFCL (NSE:HFCL) Will Pay A Larger Dividend Than Last Year At ₹0.18

Sep 10
HFCL (NSE:HFCL) Will Pay A Larger Dividend Than Last Year At ₹0.18

Here's Why HFCL (NSE:HFCL) Has A Meaningful Debt Burden

Aug 26
Here's Why HFCL (NSE:HFCL) Has A Meaningful Debt Burden

Returns Are Gaining Momentum At HFCL (NSE:HFCL)

Jul 12
Returns Are Gaining Momentum At HFCL (NSE:HFCL)

HFCL (NSE:HFCL) Seems To Use Debt Quite Sensibly

May 28
HFCL (NSE:HFCL) Seems To Use Debt Quite Sensibly

HFCL's (NSE:HFCL) Promising Earnings May Rest On Soft Foundations

May 07
HFCL's (NSE:HFCL) Promising Earnings May Rest On Soft Foundations

CEO Compensation Analysis

How has Mahendra Nahata's remuneration changed compared to HFCL's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

₹278m

Jun 30 2025n/an/a

₹339m

Mar 31 2025₹78m₹55m

₹2b

Dec 31 2024n/an/a

₹4b

Sep 30 2024n/an/a

₹4b

Jun 30 2024n/an/a

₹4b

Mar 31 2024₹100m₹50m

₹3b

Dec 31 2023n/an/a

₹3b

Sep 30 2023n/an/a

₹3b

Jun 30 2023n/an/a

₹3b

Mar 31 2023₹70m₹50m

₹3b

Dec 31 2022n/an/a

₹3b

Sep 30 2022n/an/a

₹3b

Jun 30 2022n/an/a

₹3b

Mar 31 2022₹70m₹50m

₹3b

Dec 31 2021n/an/a

₹3b

Sep 30 2021n/an/a

₹3b

Jun 30 2021n/an/a

₹3b

Mar 31 2021₹58m₹43m

₹2b

Dec 31 2020n/an/a

₹2b

Sep 30 2020n/an/a

₹1b

Jun 30 2020n/an/a

₹1b

Mar 31 2020₹68m₹50m

₹2b

Dec 31 2019n/an/a

₹3b

Sep 30 2019n/an/a

₹3b

Jun 30 2019n/an/a

₹3b

Mar 31 2019₹88m₹50m

₹2b

Compensation vs Market: Mahendra's total compensation ($USD889.49K) is above average for companies of similar size in the Indian market ($USD545.50K).

Compensation vs Earnings: Mahendra's compensation has been consistent with company performance over the past year.

CEO

Mahendra Nahata (66 yo)

20yrs
Tenure
₹78,025,602
Compensation

Mr. Mahendra Nahata has been the Managing Director of HFCL Limited. since October 2005. Mr. Nahata was employed at Jumbo Techno Services Pvt.Ltd. He was one of the promoters of HFCL Group in 1987. He has...

Leadership Team

NamePositionTenureCompensationOwnership
Mahendra Nahata
MD & Wholetime Director20yrs₹78.03m0.28%
₹ 305.3m
Manoj Baid
President19yrs₹7.60mno data
Vijay Jain
Chief Financial Officerno data₹32.00mno data
Prakash Gulgulia
Vice President of Finance & Accountsno data₹16.30mno data
Baburaj Eradath
Vice President of Administration & MDs Officeno datano datano data
Amit Agarwal
VP & Head of Investor Relationsno datano datano data
Jitendra Chaudhary
Executive President of Communicationsno data₹21.43mno data
Alok Chander
Associate Vice President of Marketing3yrsno datano data
Sanjay Jorapur
Executive President of HRno data₹6.72mno data
Sushil Wadhwa
President of Commercialno data₹11.37mno data
Harshwardhan Pagay
Executive President of Optical Fiber & Optical Fiber Cableno data₹24.34mno data
Sunil Kulshrestha
Executive President of Turnkey Projectsno data₹19.61mno data
19.0yrs
Average Tenure
61yo
Average Age

Experienced Management: HFCL's management team is seasoned and experienced (19 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Mahendra Nahata
MD & Wholetime Director38.4yrs₹78.03m0.28%
₹ 305.3m
Arvind Kharabanda
Non-Executive Director21yrs₹1.95mno data
Ranjeet Kastia
Non-Executive Director29.7yrs₹1.10mno data
Ajai Kumar
Independent Director3.9yrs₹975.00kno data
Bela Banerjee
Independent Director10.6yrs₹375.00kno data
Bharat Singh
Non-Executive Independent Director5.8yrs₹1.38mno data
15.8yrs
Average Tenure
74yo
Average Age

Experienced Board: HFCL's board of directors are seasoned and experienced ( 15.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/24 11:33
End of Day Share Price 2025/10/24 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

HFCL Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anil BurraFirstCall Research
Abhijit MitraICICI Securities Ltd.