HFCL Ltd.
•₹ 228.011.84%
2026-08-21
PROS
- Latest quarter profit grew 938.4% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
- Institutional investors have been accumulating - FII+DII up 5.0pp
- Company maintains a comfortable, low leverage position
- Company has a consistent dividend-paying track record
CONS
- Promoter holding has decreased over last 2 years: -9.3pp
- Company has a low return on equity of 8.2% over last 3 years
- A large part of profit comes from other income (26.7% of PBT)
- Total debt has risen sharply - up 53.8% year on year
- Company has delivered a poor profit growth of -6.1% over past five years
- Company has delivered a poor sales growth of 1.1% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | HFCL | 226.50 | 60.55 | 34668.15 | 0.09 | 245.64 | 938.36 | 1914.98 | 119.85 | 7.64 | 21.62 |
| 2. | PACEDIGITK | 175.80 | 12.63 | 3794.67 | 0.00 | 62.50 | 14.27 | 555.36 | 51.29 | 42.43 | 15.50 |
| 3. | VINDHYATEL | 2439.85 | 12.19 | 2891.43 | 0.25 | 75.67 | -87.09 | 718.90 | -20.78 | 8.54 | 20.19 |
| 4. | GTLINFRA | 1.21 | 0.00 | 1549.94 | 0.00 | 69.39 | 129.86 | 327.31 | -2.16 | 0.00 | 43.63 |
| 5. | STLNETWORK | 25.00 | 0.00 | 1220.27 | 0.00 | -218.80 | 2.41 | 1761.50 | -7.27 | 0.32 | 4.70 |
| 6. | SUYOG | 760.95 | 14.80 | 891.61 | 0.13 | 14.50 | -16.30 | 70.95 | 30.00 | 16.00 | 59.32 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 995 | 1,111 | 1,032 | 1,326 | 1,158 | 1,094 | 1,012 | 801 | 871 | 1,043 | 1,211 | 1,824 | 1,915 | |
| 849 | 979 | 916 | 1,130 | 983 | 935 | 860 | 837 | 843 | 853 | 983 | 1,509 | 1,615 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 13 | 17 | 47 | 14 | 10 | 14 | 20 | 14 | 15 | 13 | 15 | 22 | 31 |
| Interest | 36 | 35 | 37 | 40 | 42 | 45 | 47 | 51 | 56 | 61 | 63 | 63 | 62 |
| Depreciation | 21 | 21 | 19 | 20 | 24 | 25 | 26 | 30 | 32 | 36 | 44 | 45 | 51 |
| 102 | 94 | 108 | 150 | 119 | 101 | 100 | -104 | -45 | 107 | 137 | 229 | 332 | |
| Tax % | 26.33% | 25.67% | 23.63% | 26.82% | 6.84% | 28.72% | 27.79% | 20.83% | 34.31% | 32.31% | 26.09% | 19.01% | 25.90% |
| Net Profit | 0 | 0 | 0 | 0 | 111 | 73 | 73 | -83 | -29 | 72 | 102 | 184 | 246 |
| 0 | 0 | 1 | 1 | 1 | 1 | 1 | -1 | -0 | 0 | 1 | 1 | 0 | |
| Equity Capital | 138 | 143 | 143 | 144 | 144 | 144 | 144 | 144 | 144 | 144 | 153 | 153 | 153 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 138 | 143 | 143 | 144 | 144 | 144 | 144 | 144 | 144 | 144 | 153 | 153 | 153 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 995
- 849
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 36
- Depreciation
- 21
- 102
- Tax %
- 26.33%
- Net Profit
- 0
- 0
- Equity Capital
- 138
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 138
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,111
- 979
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 35
- Depreciation
- 21
- 94
- Tax %
- 25.67%
- Net Profit
- 0
- 0
- Equity Capital
- 143
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 143
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,032
- 916
- Operating Profit
- —
- OPM %
- —
- Other Income
- 47
- Interest
- 37
- Depreciation
- 19
- 108
- Tax %
- 23.63%
- Net Profit
- 0
- 1
- Equity Capital
- 143
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 143
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,326
- 1,130
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 40
- Depreciation
- 20
- 150
- Tax %
- 26.82%
- Net Profit
- 0
- 1
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,158
- 983
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 42
- Depreciation
- 24
- 119
- Tax %
- 6.84%
- Net Profit
- 111
- 1
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,094
- 935
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 45
- Depreciation
- 25
- 101
- Tax %
- 28.72%
- Net Profit
- 73
- 1
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,012
- 860
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 47
- Depreciation
- 26
- 100
- Tax %
- 27.79%
- Net Profit
- 73
- 1
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 801
- 837
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 51
- Depreciation
- 30
- -104
- Tax %
- 20.83%
- Net Profit
- -83
- -1
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 871
- 843
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 56
- Depreciation
- 32
- -45
- Tax %
- 34.31%
- Net Profit
- -29
- -0
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,043
- 853
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 61
- Depreciation
- 36
- 107
- Tax %
- 32.31%
- Net Profit
- 72
- 0
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 144
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,211
- 983
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 63
- Depreciation
- 44
- 137
- Tax %
- 26.09%
- Net Profit
- 102
- 1
- Equity Capital
- 153
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 153
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,824
- 1,509
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 63
- Depreciation
- 45
- 229
- Tax %
- 19.01%
- Net Profit
- 184
- 1
- Equity Capital
- 153
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 153
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,915
- 1,615
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 62
- Depreciation
- 51
- 332
- Tax %
- 25.90%
- Net Profit
- 246
- 0
- Equity Capital
- 153
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 153
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,580 | 2,131 | 3,227 | 4,738 | 3,839 | 4,423 | 4,727 | 4,743 | 4,465 | 4,065 | 5,993 | |
| 2,266 | 1,939 | 2,955 | 4,327 | 3,379 | 3,873 | 4,077 | 4,125 | 3,884 | 3,616 | 4,960 | |
| Operating Profit | 351 | 214 | 308 | 458 | 516 | 584 | 693 | 666 | 682 | 507 | — |
| OPM % | 14 | 10 | 10 | 10 | 13 | 13 | 15 | 14 | 15 | 12 | — |
| Other Income | 36 | 21 | 35 | 47 | 56 | 35 | 43 | 47 | 101 | 58 | 82 |
| Interest | 62 | 62 | 64 | 92 | 115 | 175 | 166 | 152 | 147 | 185 | 249 |
| Depreciation | 26 | 22 | 23 | 27 | 42 | 69 | 78 | 83 | 82 | 106 | 176 |
| 156 | 124 | 220 | 339 | 358 | 337 | 442 | 431 | 454 | 217 | 804 | |
| Tax % | 0 | 0 | 22 | 32 | 34 | 27 | 26 | 26 | 26 | 20 | 25 |
| Net Profit | 156 | 124 | 172 | 232 | 237 | 246 | 326 | 318 | 338 | 173 | 604 |
| EPS | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | — |
| Dividend Payout % | 0 | 0 | 4 | 6 | 0 | 8 | 8 | 9 | 9 | 8 | — |
| Minority Interest | 0 | -1 | -4 | -12 | -10 | -7 | 0 | 0 | 0 | 0 | 17 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | — |
| Minority Interest | 0 | -1 | -4 | -12 | -10 | -7 | 0 | 0 | 0 | 0 | 17 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | — |
Mar 2016
- 2,580
- 2,266
- Operating Profit
- 351
- OPM %
- 14
- Other Income
- 36
- Interest
- 62
- Depreciation
- 26
- 156
- Tax %
- 0
- Net Profit
- 156
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2017
- 2,131
- 1,939
- Operating Profit
- 214
- OPM %
- 10
- Other Income
- 21
- Interest
- 62
- Depreciation
- 22
- 124
- Tax %
- 0
- Net Profit
- 124
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2018
- 3,227
- 2,955
- Operating Profit
- 308
- OPM %
- 10
- Other Income
- 35
- Interest
- 64
- Depreciation
- 23
- 220
- Tax %
- 22
- Net Profit
- 172
- EPS
- 1
- Dividend Payout %
- 4
- Minority Interest
- -4
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- -4
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2019
- 4,738
- 4,327
- Operating Profit
- 458
- OPM %
- 10
- Other Income
- 47
- Interest
- 92
- Depreciation
- 27
- 339
- Tax %
- 32
- Net Profit
- 232
- EPS
- 2
- Dividend Payout %
- 6
- Minority Interest
- -12
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- -12
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2020
- 3,839
- 3,379
- Operating Profit
- 516
- OPM %
- 13
- Other Income
- 56
- Interest
- 115
- Depreciation
- 42
- 358
- Tax %
- 34
- Net Profit
- 237
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- -10
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- -10
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2021
- 4,423
- 3,873
- Operating Profit
- 584
- OPM %
- 13
- Other Income
- 35
- Interest
- 175
- Depreciation
- 69
- 337
- Tax %
- 27
- Net Profit
- 246
- EPS
- 2
- Dividend Payout %
- 8
- Minority Interest
- -7
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- -7
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2022
- 4,727
- 4,077
- Operating Profit
- 693
- OPM %
- 15
- Other Income
- 43
- Interest
- 166
- Depreciation
- 78
- 442
- Tax %
- 26
- Net Profit
- 326
- EPS
- 2
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2023
- 4,743
- 4,125
- Operating Profit
- 666
- OPM %
- 14
- Other Income
- 47
- Interest
- 152
- Depreciation
- 83
- 431
- Tax %
- 26
- Net Profit
- 318
- EPS
- 2
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2024
- 4,465
- 3,884
- Operating Profit
- 682
- OPM %
- 15
- Other Income
- 101
- Interest
- 147
- Depreciation
- 82
- 454
- Tax %
- 26
- Net Profit
- 338
- EPS
- 2
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2025
- 4,065
- 3,616
- Operating Profit
- 507
- OPM %
- 12
- Other Income
- 58
- Interest
- 185
- Depreciation
- 106
- 217
- Tax %
- 20
- Net Profit
- 173
- EPS
- 1
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
TTM
- 5,993
- 4,960
- Operating Profit
- —
- OPM %
- —
- Other Income
- 82
- Interest
- 249
- Depreciation
- 176
- 804
- Tax %
- 25
- Net Profit
- 604
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 17
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 17
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 5%
- 5 Years:
- 1%
- 3 Years:
- -5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -6%
- 5 Years:
- -5%
- 3 Years:
- -19%
STOCK PRICE CAGR
- 10 Years:
- 29%
- 5 Years:
- 31%
- 3 Years:
- 49%
- 1 Year:
- 197%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 10%
- 3 Years:
- 8%
- Last Year:
- 4%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 124 | 124 | 124 | 127 | 128 | 128 | 137 | 138 | 144 | 144 |
| 716 | 840 | 1,037 | 1,302 | 1,528 | 1,772 | 2,659 | 2,940 | 3,807 | 3,934 | |
| 162 | 271 | 267 | 456 | 511 | 669 | 635 | 806 | 738 | 997 | |
| Trade Payables | 495 | 457 | 563 | 864 | 815 | 1,748 | 1,010 | 878 | 808 | 1,079 |
| 644 | 460 | 479 | 465 | 834 | 892 | 725 | 711 | 991 | 1,393 | |
| Total Liabilities | 2,141 | 2,153 | 2,470 | 3,214 | 3,817 | 5,209 | 5,166 | 5,473 | 6,487 | 7,546 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 175 | 188 | 196 | 238 | 504 | 508 | 528 | 548 | 652 | 852 | |
| Capital Work in Progress | 0 | 2 | 2 | 64 | 15 | 12 | 47 | 70 | 154 | 200 |
| 57 | 50 | 55 | 60 | 58 | 41 | 55 | 70 | 194 | 158 | |
| 276 | 245 | 214 | 265 | 344 | 435 | 573 | 758 | 774 | 899 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,215 | 1,892 | |
| Cash & Bank | 87 | 97 | 132 | 159 | 192 | 306 | 528 | 323 | 336 | 491 |
| 1,546 | 1,570 | 1,871 | 2,428 | 2,704 | 3,907 | 3,434 | 3,703 | 2,161 | 3,055 | |
| Total Assets | 2,141 | 2,153 | 2,470 | 3,214 | 3,817 | 5,209 | 5,166 | 5,473 | 6,487 | 7,546 |
| Total Debt | 544 | 539 | 469 | 590 | 712 | 920 | 757 | 916 | 977 | 1,503 |
| Net Working Capital | 938 | 882 | 878 | 965 | 1,150 | 1,163 | 1,642 | 1,940 | 2,331 | 2,483 |
| Contingent Liabilities | 153 | 334 | 439 | 806 | 1,063 | 1,267 | 1,475 | 1,243 | 1,268 | 1,183 |
| Book Value per Share | 6.78 | 7.78 | 9.37 | 11.21 | 12.90 | 14.80 | 20.34 | 22.36 | 27.43 | 28.28 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 544 | 539 | 469 | 590 | 712 | 920 | 757 | 916 | 977 | 1,503 |
| Net Working Capital | 938 | 882 | 878 | 965 | 1,150 | 1,163 | 1,642 | 1,940 | 2,331 | 2,483 |
| Contingent Liabilities | 153 | 334 | 439 | 806 | 1,063 | 1,267 | 1,475 | 1,243 | 1,268 | 1,183 |
| Book Value per Share | 6.78 | 7.78 | 9.37 | 11.21 | 12.90 | 14.80 | 20.34 | 22.36 | 27.43 | 28.28 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2016
- Equity Capital
- 124
- 716
- 162
- Trade Payables
- 495
- 644
- Total Liabilities
- 2,141
- 175
- Capital Work in Progress
- 0
- 57
- 276
- 0
- Cash & Bank
- 87
- 1,546
- Total Assets
- 2,141
- Total Debt
- 544
- Net Working Capital
- 938
- Contingent Liabilities
- 153
- Book Value per Share
- 6.78
- Face Value
- 1.00
- Total Debt
- 544
- Net Working Capital
- 938
- Contingent Liabilities
- 153
- Book Value per Share
- 6.78
- Face Value
- 1.00
Mar 2017
- Equity Capital
- 124
- 840
- 271
- Trade Payables
- 457
- 460
- Total Liabilities
- 2,153
- 188
- Capital Work in Progress
- 2
- 50
- 245
- 0
- Cash & Bank
- 97
- 1,570
- Total Assets
- 2,153
- Total Debt
- 539
- Net Working Capital
- 882
- Contingent Liabilities
- 334
- Book Value per Share
- 7.78
- Face Value
- 1.00
- Total Debt
- 539
- Net Working Capital
- 882
- Contingent Liabilities
- 334
- Book Value per Share
- 7.78
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 124
- 1,037
- 267
- Trade Payables
- 563
- 479
- Total Liabilities
- 2,470
- 196
- Capital Work in Progress
- 2
- 55
- 214
- 0
- Cash & Bank
- 132
- 1,871
- Total Assets
- 2,470
- Total Debt
- 469
- Net Working Capital
- 878
- Contingent Liabilities
- 439
- Book Value per Share
- 9.37
- Face Value
- 1.00
- Total Debt
- 469
- Net Working Capital
- 878
- Contingent Liabilities
- 439
- Book Value per Share
- 9.37
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 127
- 1,302
- 456
- Trade Payables
- 864
- 465
- Total Liabilities
- 3,214
- 238
- Capital Work in Progress
- 64
- 60
- 265
- 0
- Cash & Bank
- 159
- 2,428
- Total Assets
- 3,214
- Total Debt
- 590
- Net Working Capital
- 965
- Contingent Liabilities
- 806
- Book Value per Share
- 11.21
- Face Value
- 1.00
- Total Debt
- 590
- Net Working Capital
- 965
- Contingent Liabilities
- 806
- Book Value per Share
- 11.21
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 128
- 1,528
- 511
- Trade Payables
- 815
- 834
- Total Liabilities
- 3,817
- 504
- Capital Work in Progress
- 15
- 58
- 344
- 0
- Cash & Bank
- 192
- 2,704
- Total Assets
- 3,817
- Total Debt
- 712
- Net Working Capital
- 1,150
- Contingent Liabilities
- 1,063
- Book Value per Share
- 12.90
- Face Value
- 1.00
- Total Debt
- 712
- Net Working Capital
- 1,150
- Contingent Liabilities
- 1,063
- Book Value per Share
- 12.90
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 128
- 1,772
- 669
- Trade Payables
- 1,748
- 892
- Total Liabilities
- 5,209
- 508
- Capital Work in Progress
- 12
- 41
- 435
- 0
- Cash & Bank
- 306
- 3,907
- Total Assets
- 5,209
- Total Debt
- 920
- Net Working Capital
- 1,163
- Contingent Liabilities
- 1,267
- Book Value per Share
- 14.80
- Face Value
- 1.00
- Total Debt
- 920
- Net Working Capital
- 1,163
- Contingent Liabilities
- 1,267
- Book Value per Share
- 14.80
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 137
- 2,659
- 635
- Trade Payables
- 1,010
- 725
- Total Liabilities
- 5,166
- 528
- Capital Work in Progress
- 47
- 55
- 573
- 0
- Cash & Bank
- 528
- 3,434
- Total Assets
- 5,166
- Total Debt
- 757
- Net Working Capital
- 1,642
- Contingent Liabilities
- 1,475
- Book Value per Share
- 20.34
- Face Value
- 1.00
- Total Debt
- 757
- Net Working Capital
- 1,642
- Contingent Liabilities
- 1,475
- Book Value per Share
- 20.34
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 138
- 2,940
- 806
- Trade Payables
- 878
- 711
- Total Liabilities
- 5,473
- 548
- Capital Work in Progress
- 70
- 70
- 758
- 0
- Cash & Bank
- 323
- 3,703
- Total Assets
- 5,473
- Total Debt
- 916
- Net Working Capital
- 1,940
- Contingent Liabilities
- 1,243
- Book Value per Share
- 22.36
- Face Value
- 1.00
- Total Debt
- 916
- Net Working Capital
- 1,940
- Contingent Liabilities
- 1,243
- Book Value per Share
- 22.36
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 144
- 3,807
- 738
- Trade Payables
- 808
- 991
- Total Liabilities
- 6,487
- 652
- Capital Work in Progress
- 154
- 194
- 774
- 2,215
- Cash & Bank
- 336
- 2,161
- Total Assets
- 6,487
- Total Debt
- 977
- Net Working Capital
- 2,331
- Contingent Liabilities
- 1,268
- Book Value per Share
- 27.43
- Face Value
- 1.00
- Total Debt
- 977
- Net Working Capital
- 2,331
- Contingent Liabilities
- 1,268
- Book Value per Share
- 27.43
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 144
- 3,934
- 997
- Trade Payables
- 1,079
- 1,393
- Total Liabilities
- 7,546
- 852
- Capital Work in Progress
- 200
- 158
- 899
- 1,892
- Cash & Bank
- 491
- 3,055
- Total Assets
- 7,546
- Total Debt
- 1,503
- Net Working Capital
- 2,483
- Contingent Liabilities
- 1,183
- Book Value per Share
- 28.28
- Face Value
- 1.00
- Total Debt
- 1,503
- Net Working Capital
- 2,483
- Contingent Liabilities
- 1,183
- Book Value per Share
- 28.28
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 136 | 207 | 34 | 172 | 145 | 205 | 235 | -45 | 396 | |
| Cash from Investing | 37 | -25 | -30 | -150 | -167 | -165 | -458 | -44 | -449 | -518 |
| Cash from Financing | -55 | -114 | -116 | 67 | -7 | 25 | 248 | -145 | 454 | 170 |
| -18 | -3 | 61 | -49 | -1 | 5 | -5 | 46 | -40 | 47 | |
| Free Cash Flow | 0 | 133 | 181 | -93 | -43 | 83 | 100 | 118 | -295 | 58 |
| OCF / Net Profit | 0.00 | 1.10 | 1.21 | 0.15 | 0.73 | 0.59 | 0.63 | 0.74 | -0.13 | 2.29 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 179 | 261 | 228 | 165 | -37 | 64 |
| OCF / Net Profit | 0.00 | 1.10 | 1.21 | 0.15 | 0.73 | 0.59 | 0.63 | 0.74 | -0.13 | 2.29 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 179 | 261 | 228 | 165 | -37 | 64 |
Mar 2016
- 0
- Cash from Investing
- 37
- Cash from Financing
- -55
- -18
- Free Cash Flow
- 0
- OCF / Net Profit
- 0.00
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.00
- Cumulative 5-Year FCF
- 0
Mar 2017
- 136
- Cash from Investing
- -25
- Cash from Financing
- -114
- -3
- Free Cash Flow
- 133
- OCF / Net Profit
- 1.10
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.10
- Cumulative 5-Year FCF
- 0
Mar 2018
- 207
- Cash from Investing
- -30
- Cash from Financing
- -116
- 61
- Free Cash Flow
- 181
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 0
Mar 2019
- 34
- Cash from Investing
- -150
- Cash from Financing
- 67
- -49
- Free Cash Flow
- -93
- OCF / Net Profit
- 0.15
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.15
- Cumulative 5-Year FCF
- 0
Mar 2020
- 172
- Cash from Investing
- -167
- Cash from Financing
- -7
- -1
- Free Cash Flow
- -43
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 179
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 179
Mar 2021
- 145
- Cash from Investing
- -165
- Cash from Financing
- 25
- 5
- Free Cash Flow
- 83
- OCF / Net Profit
- 0.59
- Cumulative 5-Year FCF
- 261
- OCF / Net Profit
- 0.59
- Cumulative 5-Year FCF
- 261
Mar 2022
- 205
- Cash from Investing
- -458
- Cash from Financing
- 248
- -5
- Free Cash Flow
- 100
- OCF / Net Profit
- 0.63
- Cumulative 5-Year FCF
- 228
- OCF / Net Profit
- 0.63
- Cumulative 5-Year FCF
- 228
Mar 2023
- 235
- Cash from Investing
- -44
- Cash from Financing
- -145
- 46
- Free Cash Flow
- 118
- OCF / Net Profit
- 0.74
- Cumulative 5-Year FCF
- 165
- OCF / Net Profit
- 0.74
- Cumulative 5-Year FCF
- 165
Mar 2024
- -45
- Cash from Investing
- -449
- Cash from Financing
- 454
- -40
- Free Cash Flow
- -295
- OCF / Net Profit
- -0.13
- Cumulative 5-Year FCF
- -37
- OCF / Net Profit
- -0.13
- Cumulative 5-Year FCF
- -37
Mar 2025
- 396
- Cash from Investing
- -518
- Cash from Financing
- 170
- 47
- Free Cash Flow
- 58
- OCF / Net Profit
- 2.29
- Cumulative 5-Year FCF
- 64
- OCF / Net Profit
- 2.29
- Cumulative 5-Year FCF
- 64
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 1.26 | 0.99 | 1.35 | 1.73 | 1.77 | 1.86 | 2.37 | 2.31 | 2.34 | 1.20 |
| Book Value (₹) | 6.78 | 7.78 | 9.37 | 11.21 | 12.90 | 14.80 | 20.34 | 22.36 | 27.43 | 28.28 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.06 | 0.10 | 0.00 | 0.15 | 0.18 | 0.20 | 0.20 | 0.10 |
| Cash EPS (₹) | 1.47 | 1.17 | 1.57 | 2.03 | 2.17 | 2.45 | 2.94 | 2.91 | 2.91 | 1.93 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 12.21% | 9.73% | 9.47% | 9.67% | 13.45% | 13.21% | 14.66% | 14.04% | 13.02% | 11.05% |
| Net Margin % | 5.44% | 5.62% | 5.29% | 4.90% | 6.18% | 5.57% | 6.89% | 6.70% | 7.56% | 4.26% |
| ROE % | 18.21% | 13.71% | 16.16% | 17.94% | 15.38% | 13.84% | 13.87% | 10.82% | 9.60% | 4.32% |
| ROCE % | 16.38% | 12.93% | 18.03% | 23.44% | 21.45% | 19.62% | 19.04% | 15.38% | 13.43% | 7.64% |
| 7.89% | 5.76% | 7.43% | 8.17% | 6.75% | 5.46% | 6.28% | 5.97% | 5.64% | 2.47% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 94 | 190 | 133 | 102 | 147 | 174 | 174 | 146 | 168 | 184 |
| Inventory Days | 33 | 43 | 26 | 18 | 29 | 32 | 39 | 51 | 63 | 75 |
| Payable Days | 255 | 271 | 134 | 111 | 234 | 192 | 236 | 141 | 147 | 152 |
| -128 | -38 | 25 | 10 | -59 | 14 | -23 | 56 | 83 | 108 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.65x | 0.56x | 0.40x | 0.41x | 0.43x | 0.48x | 0.27x | 0.30x | 0.25x | 0.37x |
| Interest Coverage (x) | 3.54x | 2.99x | 4.46x | 4.69x | 4.12x | 2.93x | 3.66x | 3.83x | 4.08x | 2.17x |
| 1.98x | 1.86x | 1.69x | 1.57x | 1.60x | 1.39x | 1.75x | 1.91x | 2.07x | 1.86x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 1.06% | -17.39% | 51.42% | 46.80% | -18.97% | 15.21% | 6.88% | 0.34% | -5.87% | -8.97% |
| Operating Profit Growth % | -10.09% | -38.92% | 43.56% | 48.95% | 12.65% | 13.21% | 18.59% | -3.91% | 2.44% | -25.71% |
| Net Profit Growth % | -49.82% | -20.88% | 38.79% | 35.27% | 2.18% | 3.75% | 32.33% | -2.50% | 6.24% | -48.67% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.53% | -48.74% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 39.21x | 65.77x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.35x | 2.79x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.22% | 0.13% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 20.34x | 24.48x |
Mar 2016
- EPS (₹)
- 1.26
- Book Value (₹)
- 6.78
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.47
- Operating Margin %
- 12.21%
- Net Margin %
- 5.44%
- ROE %
- 18.21%
- ROCE %
- 16.38%
- 7.89%
- Debtor Days
- 94
- Inventory Days
- 33
- Payable Days
- 255
- -128
- Debt to Equity (x)
- 0.65x
- Interest Coverage (x)
- 3.54x
- 1.98x
- Revenue Growth %
- 1.06%
- Operating Profit Growth %
- -10.09%
- Net Profit Growth %
- -49.82%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 0.99
- Book Value (₹)
- 7.78
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.17
- Operating Margin %
- 9.73%
- Net Margin %
- 5.62%
- ROE %
- 13.71%
- ROCE %
- 12.93%
- 5.76%
- Debtor Days
- 190
- Inventory Days
- 43
- Payable Days
- 271
- -38
- Debt to Equity (x)
- 0.56x
- Interest Coverage (x)
- 2.99x
- 1.86x
- Revenue Growth %
- -17.39%
- Operating Profit Growth %
- -38.92%
- Net Profit Growth %
- -20.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 1.35
- Book Value (₹)
- 9.37
- Dividend per Share (₹)
- 0.06
- Cash EPS (₹)
- 1.57
- Operating Margin %
- 9.47%
- Net Margin %
- 5.29%
- ROE %
- 16.16%
- ROCE %
- 18.03%
- 7.43%
- Debtor Days
- 133
- Inventory Days
- 26
- Payable Days
- 134
- 25
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 4.46x
- 1.69x
- Revenue Growth %
- 51.42%
- Operating Profit Growth %
- 43.56%
- Net Profit Growth %
- 38.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 1.73
- Book Value (₹)
- 11.21
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 2.03
- Operating Margin %
- 9.67%
- Net Margin %
- 4.90%
- ROE %
- 17.94%
- ROCE %
- 23.44%
- 8.17%
- Debtor Days
- 102
- Inventory Days
- 18
- Payable Days
- 111
- 10
- Debt to Equity (x)
- 0.41x
- Interest Coverage (x)
- 4.69x
- 1.57x
- Revenue Growth %
- 46.80%
- Operating Profit Growth %
- 48.95%
- Net Profit Growth %
- 35.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 1.77
- Book Value (₹)
- 12.90
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.17
- Operating Margin %
- 13.45%
- Net Margin %
- 6.18%
- ROE %
- 15.38%
- ROCE %
- 21.45%
- 6.75%
- Debtor Days
- 147
- Inventory Days
- 29
- Payable Days
- 234
- -59
- Debt to Equity (x)
- 0.43x
- Interest Coverage (x)
- 4.12x
- 1.60x
- Revenue Growth %
- -18.97%
- Operating Profit Growth %
- 12.65%
- Net Profit Growth %
- 2.18%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 1.86
- Book Value (₹)
- 14.80
- Dividend per Share (₹)
- 0.15
- Cash EPS (₹)
- 2.45
- Operating Margin %
- 13.21%
- Net Margin %
- 5.57%
- ROE %
- 13.84%
- ROCE %
- 19.62%
- 5.46%
- Debtor Days
- 174
- Inventory Days
- 32
- Payable Days
- 192
- 14
- Debt to Equity (x)
- 0.48x
- Interest Coverage (x)
- 2.93x
- 1.39x
- Revenue Growth %
- 15.21%
- Operating Profit Growth %
- 13.21%
- Net Profit Growth %
- 3.75%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 2.37
- Book Value (₹)
- 20.34
- Dividend per Share (₹)
- 0.18
- Cash EPS (₹)
- 2.94
- Operating Margin %
- 14.66%
- Net Margin %
- 6.89%
- ROE %
- 13.87%
- ROCE %
- 19.04%
- 6.28%
- Debtor Days
- 174
- Inventory Days
- 39
- Payable Days
- 236
- -23
- Debt to Equity (x)
- 0.27x
- Interest Coverage (x)
- 3.66x
- 1.75x
- Revenue Growth %
- 6.88%
- Operating Profit Growth %
- 18.59%
- Net Profit Growth %
- 32.33%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 2.31
- Book Value (₹)
- 22.36
- Dividend per Share (₹)
- 0.20
- Cash EPS (₹)
- 2.91
- Operating Margin %
- 14.04%
- Net Margin %
- 6.70%
- ROE %
- 10.82%
- ROCE %
- 15.38%
- 5.97%
- Debtor Days
- 146
- Inventory Days
- 51
- Payable Days
- 141
- 56
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 3.83x
- 1.91x
- Revenue Growth %
- 0.34%
- Operating Profit Growth %
- -3.91%
- Net Profit Growth %
- -2.50%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 2.34
- Book Value (₹)
- 27.43
- Dividend per Share (₹)
- 0.20
- Cash EPS (₹)
- 2.91
- Operating Margin %
- 13.02%
- Net Margin %
- 7.56%
- ROE %
- 9.60%
- ROCE %
- 13.43%
- 5.64%
- Debtor Days
- 168
- Inventory Days
- 63
- Payable Days
- 147
- 83
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 4.08x
- 2.07x
- Revenue Growth %
- -5.87%
- Operating Profit Growth %
- 2.44%
- Net Profit Growth %
- 6.24%
- 1.53%
- P/E (x)
- 39.21x
- P/B (x)
- 3.35x
- Dividend Yield %
- 0.22%
- 20.34x
Mar 2025
- EPS (₹)
- 1.20
- Book Value (₹)
- 28.28
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 1.93
- Operating Margin %
- 11.05%
- Net Margin %
- 4.26%
- ROE %
- 4.32%
- ROCE %
- 7.64%
- 2.47%
- Debtor Days
- 184
- Inventory Days
- 75
- Payable Days
- 152
- 108
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 2.17x
- 1.86x
- Revenue Growth %
- -8.97%
- Operating Profit Growth %
- -25.71%
- Net Profit Growth %
- -48.67%
- -48.74%
- P/E (x)
- 65.77x
- P/B (x)
- 2.79x
- Dividend Yield %
- 0.13%
- 24.48x
Documents
Announcements
- General Updates
2026-08-19 - HFCL Limited has informed the Exchange about General Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-15 - HFCL Limited has informed the Exchange about Schedule of meet
Annual Reports
Credit Ratings
- Credit Rating
2026-07-02 - HFCL Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-07-01 - HFCL Limited has informed the Exchange about Credit Rating
- Credit Rating
2025-08-29 - HFCL Limited has informed the Exchange about Credit Rating
Concalls
Jul 2026
May 2026
Apr 2026