HFCL Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NSEI:HFCL Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
14 Nov 24	Sell₹619,850	HFCL,ESOP	Company		30,000	₹20.67

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of HFCL?
Owner Type	Number of Shares	Ownership Percentage
State or Government	11,702	0.000811%
Employee Share Scheme	639,400	0.0443%
Individual Insiders	3,980,646	0.276%
Public Companies	48,532,764	3.36%
Private Companies	274,854,233	19.1%
Institutions	328,102,180	22.7%
General Public	786,551,887	54.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 44.82% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
16.2%	MN Ventures Private Limited	233,577,202	₹18.0b	-14.7%	no data
8.52%	quant Money Managers Ltd.	122,977,829	₹9.5b	2.72%	0.86%
3.36%	Reliance Industries Limited	48,532,764	₹3.7b	0%	1.05%
2.44%	The Vanguard Group, Inc.	35,158,626	₹2.7b	2.65%	no data
1.57%	Reliance Ventures Private Limited	22,681,422	₹1.8b	0%	99.11%
1.54%	Fitcore Tech-Solutions Private Limited	22,150,000	₹1.7b	0%	no data
1.26%	MKJ Enterprises Ltd	18,155,230	₹1.4b	0%	no data
1.1%	BlackRock, Inc.	15,857,282	₹1.2b	3.26%	no data
1.08%	Dhwaja Shares & Securities Pvt Ltd	15,622,989	₹1.2b	0%	93.59%
1.06%	GRD Securities Ltd.	15,222,134	₹1.2b	0%	84.86%
0.94%	Dimensional Fund Advisors LP	13,565,625	₹1.0b	3.11%	no data
0.71%	Norges Bank Investment Management	10,205,483	₹788.0m	-27.5%	no data
0.68%	SBI Funds Management Limited	9,803,185	₹756.9m	120%	0.01%
0.67%	HDFC Asset Management Company Limited	9,597,857	₹741.0m	107%	0.01%
0.65%	ICICI Prudential Asset Management Company Limited	9,326,526	₹720.1m	9.98%	0.01%
0.57%	Kotak Mahindra Asset Management Company Limited	8,194,663	₹632.7m	-5.42%	0.02%
0.56%	Edelweiss Asset Management Limited	8,096,010	₹625.1m	2.57%	0.07%
0.53%	Invesco Ltd.	7,675,500	₹592.6m	20.5%	no data
0.45%	Aditya Birla Sun Life AMC Limited	6,462,900	₹499.0m	65.5%	0.02%
0.29%	Nippon Life India Asset Management Limited	4,182,742	₹322.9m	117%	0.01%
0.28%	Mahendra Nahata	3,980,091	₹307.3m	0%	no data
0.13%	State Street Global Advisors, Inc.	1,827,118	₹141.1m	22.4%	no data
0.099%	Axis Asset Management Company Limited	1,425,362	₹110.1m	6.97%	no data
0.088%	BNY Asset Management	1,265,143	₹97.7m	2.69%	no data
0.074%	Motilal Oswal Asset Management Company Limited	1,070,828	₹82.7m	16.3%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/21 09:45
End of Day Share Price	2025/10/21 00:00
Earnings	2025/09/30
Annual Earnings	2025/03/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
Anil Burra	FirstCall Research
Abhijit Mitra	ICICI Securities Ltd.