profit from every ₹100 of sales.

HFCL
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
You pay ₹100.65 for every ₹1 of profit it makes in a year.
of earnings would pay off all its debt.
Money in, money out
What HFCL sold, what it kept, and what it did with the cash.
Sales went from ₹47.3 billion in 2023 to ₹49.5 billion in 2026, with ₹3.12 billion of profit last year.
HFCL vs. similar companies
HFCL grows the slowest of these 5 and is the most expensive for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
HFCL | 100.7× · Very expensive | ||
Cisco | 28.4× · Fair price | ||
Foxconn Industrial Internet | 22.6× · Fair price | ||
Motorola Solutions | 40.8× · Expensive | ||
Zhongji Innolight | 50.9× · Expensive |
AI analysis
An AI analyst reads HFCL's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 47,348 | 44,576 | 40,645 | 49,493 | |
| 12,559 | 12,372 | 11,207 | 17,474 | |
| 5,428 | 5,142 | 3,435 | 6,041 | |
| 5,963 | 6,130 | 5,071 | 8,271 | |
| 3,010 | 3,298 | 1,774 | 3,117 | |
| 2.18 | 2.33 | 1.23 | 2.13 | |
| 26.5% | 27.8% | 27.6% | 35.3% | |
| 11.5% | 11.5% | 8.5% | 12.2% | |
| 6.4% | 7.4% | 4.4% | 6.3% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 54,726 | 64,868 | 75,463 | 88,676 |
| Cash | 629 | 233 | 705 | 377 |
| Total debt | 9,363 | 9,912 | 15,220 | 18,963 |
| Total liabilities | 23,285 | 24,870 | 34,270 | 39,190 |
| 31,075 | 39,555 | 40,792 | 48,908 | |
| 1,379 | 1,415 | 1,442 | 1,464 | |
| 10.0% | 8.5% | 5.7% | 7.8% | |
| 9.7% | 8.3% | 4.3% | 6.4% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 2,351 | -449 | 3,960 | -3,781 | |
| 3,416 | 4,100 | 4,092 | 3,453 | |
| -1,064 | -4,549 | -132 | -7,234 | |
| Dividends paid | 245 | 286 | 288 | 144 |
| – | – | – | – | |
| 0 | – | – | – |
Valuation
- 100.7×
- –
- –
- 6.6×
- 6.3×
- –
- 40.2×
- -2.3%
- 1.0%
- 0.0%
Profitability
- 35.3%
- 12.2%
- 6.3%
- –
- 6.5%
- 7.1%
- –
- –
- –
- –
Growth
- +1.5%
- −0.8%
- –
- –
- +2.0%
Financial health
- 2.5×
- 0.39
- –
- 3.6×
- 1.99
- –
- –
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
How safe it looks
4.6% of its profit
Room to growStretchedMore than it earnsNews
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Questions about HFCL
Is HFCL a good stock to buy?
A business with weak numbers, priced as if everything goes right. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the HFCL AI analysis
What does HFCL do?
HFCL Limited manufactures and sells telecom products in India and internationally. It is in Communication Equipment, based in New Delhi, India, with 1,910 employees.
Does HFCL pay a dividend?
Yes. At today's price the dividend is 0.0% a year, about 5% of its yearly profit. In 2026 it paid out ₹144 million in dividends.
Is HFCL stock halal?
Yes. HFCL passes our halal screen: its business is permitted and its debt is 6% of its market value, under the 30% limit. How we check
How has HFCL stock done over the past year?
Up 197.6% over the past twelve months, to ₹205.05. It traded between ₹61.02 and ₹271.35 and is 24.4% below its high.
Who are HFCL's competitors?
The largest listed companies in the same industry are Cisco, Foxconn Industrial Internet, Motorola Solutions and Zhongji Innolight. The peers table on this page compares their profit, growth and price with HFCL's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.



