HFCL Ltd (HFCL) — shareholding pattern, promoter holding, financials and share price
About HFCL Ltd (HFCL)
HFCL Ltd operates in the Telecom - Infrastructure industry, within the Telecommunication sector. It trades on the NSE as HFCL and on the BSE under scrip code 500183. Its ISIN is INE548A01028.
HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high end telecom equipment, Optical Fiber and Optic Fiber Cable (OFC). [1]
HFCL Limited is an integrated Indian telecom and defence technology company that designs, manufactures and supplies optical fibre, optical fibre cables, telecom networking equipment, passive connectivity solutions and defence electronics while executing system integration and O&M projects across government and private customers.
Q3 FY26 delivered a marked improvement: consolidated revenue of ₹1,210.79 crore, EBITDA ₹243.52 crore (20.11% margin), PAT ₹102.37 crore and an order book of ₹11,125 crore as of 31 December 2025, driven by recovering global OFC demand and a surge in export wins.
Listed peers in Telecom - Infrastructure: Altius Telecom Infrastructure Trust, Pace Digitek Ltd, Bondada Engineering Ltd, Vindhya Telelinks Ltd, GTL Infrastructure Ltd, Suyog Telematics Ltd.
Valuation & Returns
10 Jul 2026At ₹217.4 a share on 10 Jul 2026, HFCL Ltd (HFCL) was valued at a price-to-earnings ratio of 101.01x against an industry P/E of 36.97x and a price-to-book of 8.16x on a book value of ₹26.65 per share as of Mar 2025. Solomo computes return on equity of 8.08% and return on capital employed of 11.96% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 101.01x
- Industry P/E
- 36.97x
- P/B
- 8.16x
- EPS (TTM)
- ₹2.15
- Book value / share
- ₹26.65
- ROE
- 8.08%
- ROCE
- 11.96%
- ROA
- 4.37%
- Debt / equity
- 0.37x
- Dividend yield
- 0.05%
- EBITDA margin
- 16.71%
- 52-week range
- ₹59.83 – ₹229.2
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, HFCL Ltd (HFCL) reported revenue of ₹4,949 crore, net profit of ₹329 crore and earnings per share of ₹2.04. That compares with revenue of ₹4,065 crore and net profit of ₹173 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹1,824 crore and net profit ₹184 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 4,727 | 4,743 | 4,465 | 4,065 | 4,949 |
| Net profit (₹ cr) | 326 | 318 | 338 | 173 | 329 |
| EPS (₹) | 2.27 | 2.18 | 2.29 | 1.23 | 2.04 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 3.20% | 1.36% | -3.98% | -8.97% |
| Profit growth | 2.91% | -0.91% | -11.69% | -48.67% |
| Stock price CAGR | 29% | 23% | 50% | 169% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 28.29% of HFCL Ltd (HFCL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 15.74% and domestic institutional investors (DII) hold 10.92%. Promoters have pledged 2.1% of their holding. Market capitalisation was ₹33,275 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: QUANT MUTUAL FUND - QUANT MULTI CAP FUND 7.7%, RELIANCE STRATEGIC BUSINESS VENTURES LIMITED 3.17%, SMALLCAP WORLD FUND, INC 3.02%, HUF 1.67%, Reliance Ventures Limited 1.48%, QUADRATURE CAPITAL VECTOR SP LIMITED 1.15%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 28.29% | 2.1% | 15.74% | 10.92% | 71.69% |
| Mar 2026 | 28.29% | 1.2% | 7.08% | 8.58% | 71.69% |
| Dec 2025 | 28.29% | 1.2% | 7.48% | 9.07% | 71.68% |
| Sep 2025 | 30.02% | 1.2% | 7.48% | 13.58% | 69.94% |
| Jun 2025 | 31.58% | 1.1% | 7.76% | 14.03% | 68.38% |
| Mar 2025 | 34.37% | 49.7% | 6.97% | 13.26% | 65.59% |
| Dec 2024 | 35.89% | 47.6% | 6.7% | 10.96% | 64.06% |
| Sep 2024 | 36.24% | 46.2% | 6.68% | 10.36% | 63.71% |