
About HFCL Limited
Data last updated:
HFCL Limited is a public limited company based in Himachal Pradesh, Himachal Pradesh, India. It specialises in telecom equipment and tech solutions, a part of the broader telecommunications sector. Incorporated on 11 May 1987, the company has been in operation for over 39 years.
Registered with ROC Himachal Pradesh under CIN L64200HP1987PLC007466. Listed on BSE: 500183 and NSE: HFCL.
Capital: an authorised share capital of ₹760 Cr and a paid-up capital of ₹153.06 Cr. Formerly known as Himachal Futuristic Communications Limited. It is led by directors including Arvind Kharabanda and Ajai Kumar.
Last AGM: 15 September 2025. Financial statements filed for year ended 31 March 2025. Office: 8 Electronics Complex Chambaghat Solan, Himachal Pradesh, Himachal Pradesh, India – 173213.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,949.27 Cr, a growth of 21.77% compared to the previous year. The net worth stands at ₹4,890.75 Cr (up 19.9% YoY). Total assets are valued at ₹6,907.55 Cr (up 21.31% YoY).
The company has a workforce of approximately 2,336 employees as per the latest available data. Its group structure includes 7 subsidiaries.
The company is associated with 1 brand - Hfcl. As per MCA filings, the company has open charges of ₹7,822.59 Cr and satisfied charges of ₹4,809.53 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hfcl.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address8 Electronics Complex Chambaghat Solan, Himachal Pradesh, Himachal Pradesh, India – 173213
- IndustryTelecom, Telecom Equipment & Tech Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of HFCL
HFCL has one previous CIN (Corporate Identification Number): L64200HR1987PLC148689. The current CIN is L64200HP1987PLC007466, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L64200HP1987PLC007466 | Current |
| L64200HR1987PLC148689 | Previous |
Competitors & Alternatives of HFCL
Brands and companies operating in the same space as HFCL Limited include KPN, Ciena, Orange Polska and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
| | Mobile and fixed-line telecommunication services are provided across Europe. | The Hague, Netherlands, Netherlands | 1989 |
| | Cloud-based network management software is provided for infrastructure planning. | Hanover, United States, United States | 1992 |
| | Telephony, internet, and data transmission services are provided in Poland. | Warsaw, Poland, Poland | 1991 |
| | Telecom services provider in Israel | Tel Aviv, Israel, Israel | 1984 |
| | Satellite-based communication services are provided to diverse business sectors. | Carlsbad, United States, United States | 1986 |
| | Internet service provider | Atlanta, United States, United States | 1994 |
| | Datacenter colocation, communication technology, and managed services are provided. | Monroe, United States, United States | 1930 |
| | Provider of fibre optic broadband internet services | Hong Kong, China, China | 1999 |
| | Broadband internet, IPTV, and data services are offered in Vietnam. | Hanoi, Vietnam, Vietnam | 1997 |
Business Activity of HFCL
HFCL operates primarily in the information and communication and manufacturing sectors. 2 business activities are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Information and communication | Locked | Wired, wireless or satellite Telecommunication activities | Locked |
| Locked | Manufacturing | Locked | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
Detailed business activity records for HFCL Limited
Activity codes and each activity's share of turnover are in the company report.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Auditor Details of HFCL
HFCL Limited is audited by S. Bhandari & Co. LLP for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. Bhandari & Co. LLP | Locked | Locked | Locked |
Complete auditor history for HFCL Limited
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of HFCL Limited
HFCL has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Financials of HFCL Limited FY 2025-26 filings available
HFCL Limited reported revenue of ₹4,949.27 Cr (up 21.77% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,949 | 4,065 | 4,465 | 4,743 | 4,727 | 4,423 | 3,839 |
| Revenue growth | +15.8% | -6.9% | -5.9% | +1.0% | +5.3% | +15.9% | -22.6% |
| EBITDA | 762 | 449 | 582 | 619 | 644 | 545 | 493 |
| EBITDA margin | +15.4% | +11.1% | +13.0% | +13.0% | +13.6% | +12.3% | +12.8% |
| Profit before tax | 428 | 217 | 454 | 431 | 442 | 337 | 358 |
| Net profit | 313 | 178 | 330 | 301 | 318 | 242 | 227 |
| Net profit margin | +6.3% | +4.4% | +7.4% | +6.4% | +6.7% | +5.5% | +5.9% |
| EPS (₹) | 2.04 | 1.23 | 2.29 | 2.19 | 2.28 | 1.86 | 1.77 |
| Balance sheet | |||||||
| Total assets | 6,908 | 5,694 | 5,039 | 4,121 | 3,636 | 2,902 | 2,434 |
| Net worth | 4,891 | 4,079 | 3,956 | 3,108 | 2,798 | 1,916 | 1,668 |
| Total debt | 1,896 | 1,522 | 991 | 936 | 783 | 942 | 734 |
| Cash & bank | 468 | 491 | 336 | 323 | 528 | 306 | 192 |
| Net working capital | 4,783 | 3,604 | 3,139 | 2,747 | 2,275 | 1,830 | 1,664 |
| Cash flow | |||||||
| Cash from operations | (378) | 396 | (44.87) | 235 | 205 | 145 | 172 |
| Cash from investing | (324) | (518) | (449) | (44.09) | (458) | (165) | (167) |
| Cash from financing | 669 | 170 | 454 | (145) | 248 | 24.98 | (6.58) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,915 | 1,824 | 1,211 | 1,043 | 871 | 801 | 1,012 | 1,094 |
| Revenue growth (YoY) | +119.9% | +127.8% | +19.7% | -4.6% | -24.8% | -39.6% | -2.0% | -1.6% |
| Other income | 31.15 | 22.26 | 16.54 | 13.04 | 14.72 | 13.64 | 20.69 | 14.59 |
| EBITDA | 414 | 314 | 228 | 190 | 28.40 | (37.07) | 152 | 158 |
| EBITDA margin | +21.6% | +17.2% | +18.8% | +18.2% | +3.3% | -4.6% | +15.0% | +14.5% |
| Depreciation | 51.25 | 45.48 | 43.77 | 35.93 | 32.20 | 30.44 | 25.52 | 25.48 |
| Interest | 62.48 | 62.78 | 62.76 | 60.90 | 55.62 | 51.06 | 46.76 | 44.88 |
| Profit before tax | 332 | 228 | 138 | 106 | (44.70) | (105) | 100 | 102 |
| Tax | 85.88 | 43.48 | 35.74 | 34.42 | (15.40) | (21.63) | 27.68 | 29.14 |
| Net profit | 246 | 184 | 102 | 71.92 | (29.30) | (83.30) | 72.58 | 73.33 |
| EPS (₹) | 1.49 | 1.21 | 0.67 | 0.47 | (0.22) | (0.56) | 0.51 | 0.51 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,528 | 3,795 | 4,075 | 4,396 | 4,286 | 4,106 | 3,547 |
| Revenue growth | +16.1% | -5.8% | -8.7% | +4.5% | +3.2% | +16.7% | -22.5% |
| EBITDA | 603 | 415 | 486 | 466 | 528 | 464 | 427 |
| EBITDA margin | +13.3% | +10.9% | +11.9% | +10.6% | +12.3% | +11.3% | +12.0% |
| Profit before tax | 322 | 241 | 412 | 342 | 382 | 296 | 328 |
| Net profit | 254 | 195 | 310 | 255 | 283 | 226 | 204 |
| Net profit margin | +5.6% | +5.2% | +7.6% | +5.8% | +6.6% | +5.5% | +5.8% |
| EPS (₹) | 1.65 | 1.35 | 2.15 | 1.85 | 2.06 | 1.74 | 1.59 |
| Balance sheet | |||||||
| Total assets | 6,471 | 5,290 | 4,699 | 3,822 | 3,399 | 2,734 | 2,305 |
| Net worth | 4,727 | 3,963 | 3,822 | 2,993 | 2,728 | 1,876 | 1,645 |
| Total debt | 1,668 | 1,278 | 833 | 791 | 637 | 825 | 632 |
| Cash & bank | 402 | 460 | 318 | 296 | 505 | 294 | 181 |
| Net working capital | 4,437 | 3,335 | 2,865 | 2,509 | 2,103 | 1,696 | 1,574 |
| Cash flow | |||||||
| Cash from operations | (481) | 431 | (111) | 184 | 140 | 82.48 | 208 |
| Cash from investing | (278) | (505) | (410) | (10.01) | (388) | (116) | (163) |
| Cash from financing | 719 | 111 | 480 | (127) | 242 | 40.45 | (38.96) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,608 | 1,511 | 1,224 | 1,003 | 789 | 757 | 961 | 1,012 |
| Revenue growth (YoY) | +103.7% | +99.6% | +27.4% | -0.8% | -25.9% | -38.8% | +0.7% | +1.0% |
| Other income | 32.54 | 23.15 | 15.15 | 15.07 | 14.09 | 15.76 | 21.01 | 13.04 |
| Total expenses | 1,304 | 1,222 | 1,068 | 844 | 790 | 800 | 816 | 864 |
| EBITDA | 304 | 289 | 155 | 159 | (1.10) | (42.96) | 145 | 148 |
| EBITDA margin | +18.9% | +19.1% | +12.7% | +15.9% | -0.1% | -5.7% | +15.1% | +14.6% |
| Depreciation | 43.02 | 41.52 | 36.92 | 31.41 | 28.14 | 23.08 | 21.19 | 20.90 |
| Interest | 53.21 | 54.51 | 54.75 | 52.97 | 47.74 | 42.52 | 37.62 | 35.57 |
| Profit before tax | 240 | 216 | 78.94 | 89.71 | (62.89) | (92.80) | 107 | 104 |
| Tax | 60.91 | 38.80 | 22.75 | 28.27 | (20.55) | (20.21) | 28.39 | 29.38 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,915 | 1,824 | 1,211 | 1,043 | 871 | 801 | 1,012 | 1,094 |
| Revenue growth (YoY) | +119.9% | +127.8% | +19.7% | -4.6% | -24.8% | -39.6% | -2.0% | -1.6% |
| Other income | 31.15 | 22.26 | 16.54 | 13.04 | 14.72 | 13.64 | 20.69 | 14.59 |
| EBITDA | 414 | 314 | 228 | 190 | 28.40 | (37.07) | 152 | 158 |
| EBITDA margin | +21.6% | +17.2% | +18.8% | +18.2% | +3.3% | -4.6% | +15.0% | +14.5% |
| Depreciation | 51.25 | 45.48 | 43.77 | 35.93 | 32.20 | 30.44 | 25.52 | 25.48 |
| Interest | 62.48 | 62.78 | 62.76 | 60.90 | 55.62 | 51.06 | 46.76 | 44.88 |
| Profit before tax | 332 | 228 | 138 | 106 | (44.70) | (105) | 100 | 102 |
| Tax | 85.88 | 43.48 | 35.74 | 34.42 | (15.40) | (21.63) | 27.68 | 29.14 |
| Net profit | 246 | 184 | 102 | 71.92 | (29.30) | (83.30) | 72.58 | 73.33 |
| EPS (₹) | 1.49 | 1.21 | 0.67 | 0.47 | (0.22) | (0.56) | 0.51 | 0.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,949 | 4,065 | 4,465 | 4,743 | 4,727 | 4,423 | 3,839 |
| Revenue growth | +15.8% | -6.9% | -5.9% | +1.0% | +5.3% | +15.9% | -22.6% |
| Other income | 65.62 | 58.12 | 102 | 47.18 | 43.07 | 34.76 | 22.08 |
| Total expenses | 4,188 | 3,616 | 3,884 | 4,125 | 4,083 | 3,878 | 3,346 |
| Employee cost | 445 | 364 | 351 | 348 | 311 | 253 | 224 |
| EBITDA | 762 | 449 | 582 | 619 | 644 | 545 | 493 |
| EBITDA margin | +15.4% | +11.1% | +13.0% | +13.0% | +13.6% | +12.3% | +12.8% |
| Depreciation | 157 | 106 | 81.76 | 82.97 | 78.25 | 68.63 | 41.95 |
| Interest | 242 | 185 | 147 | 152 | 166 | 175 | 115 |
| Profit before tax | 428 | 217 | 454 | 431 | 442 | 337 | 358 |
| Tax | 98.24 | 43.33 | 116 | 113 | 116 | 90.62 | 121 |
| Net profit | 313 | 178 | 330 | 301 | 318 | 242 | 227 |
| Net profit margin | +6.3% | +4.4% | +7.4% | +6.4% | +6.7% | +5.5% | +5.9% |
| EPS (₹) | 2.04 | 1.23 | 2.29 | 2.19 | 2.28 | 1.86 | 1.77 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 153 | 144 | 144 | 138 | 137 | 128 | 128 |
| Reserves & surplus | 4,738 | 3,935 | 3,808 | 2,942 | 2,661 | 1,788 | 1,540 |
| Shareholders' funds (net worth) | 4,891 | 4,079 | 3,956 | 3,108 | 2,798 | 1,916 | 1,668 |
| Minority interest | 57.84 | 40.17 | 44.29 | 36.60 | 19.97 | 7.26 | (0.05) |
| Secured loans | 1,056 | 882 | 669 | 523 | 509 | 639 | 549 |
| Unsecured loans | 841 | 640 | 322 | 413 | 274 | 303 | 184 |
| Total debt | 1,896 | 1,522 | 991 | 936 | 783 | 942 | 734 |
| Total liabilities | 6,908 | 5,694 | 5,039 | 4,121 | 3,636 | 2,902 | 2,434 |
| Assets | |||||||
| Gross block | 1,989 | 1,495 | 1,216 | 1,050 | 955 | 886 | 821 |
| Net block | 1,216 | 852 | 652 | 548 | 528 | 508 | 504 |
| Capital work in progress | 486 | 602 | 469 | 268 | 108 | 36.02 | 33.77 |
| Investments | 135 | 158 | 194 | 69.98 | 55.36 | 40.61 | 58.19 |
| Inventories | 1,416 | 899 | 774 | 758 | 573 | 435 | 344 |
| Sundry debtors | 2,212 | 1,892 | 2,215 | 1,886 | 1,896 | 2,611 | 1,610 |
| Cash & bank balances | 468 | 491 | 336 | 323 | 528 | 306 | 192 |
| Loans & advances | 2,565 | 2,087 | 1,184 | 1,103 | 813 | 791 | 913 |
| Total current assets | 6,662 | 5,369 | 4,510 | 4,070 | 3,810 | 4,144 | 3,059 |
| Total current liabilities | 1,879 | 1,766 | 1,371 | 1,322 | 1,535 | 2,314 | 1,395 |
| Net working capital | 4,783 | 3,604 | 3,139 | 2,747 | 2,275 | 1,830 | 1,664 |
| Total assets | 6,908 | 5,694 | 5,039 | 4,121 | 3,636 | 2,902 | 2,434 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 70.52 | 23.33 | 62.91 | 16.69 | 21.31 | 16.45 | 17.53 |
| Net cash from operating activities | (378) | 396 | (44.87) | 235 | 205 | 145 | 172 |
| Net cash from investing activities | (324) | (518) | (449) | (44.09) | (458) | (165) | (167) |
| Net cash from financing activities | 669 | 170 | 454 | (145) | 248 | 24.98 | (6.58) |
| Net change in cash | (32.85) | 47.19 | (39.58) | 46.22 | (4.62) | 4.86 | (1.09) |
| Closing cash | 468 | 491 | 336 | 323 | 528 | 306 | 192 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +21.8% | -9.0% | -5.9% | +0.3% | +6.9% | +15.2% | -19.0% |
| EBITDA growth | +69.6% | -22.8% | -6.0% | -3.9% | +18.0% | +10.6% | +18.7% |
| PBT growth | +97.5% | -52.3% | +5.4% | -2.6% | +31.2% | -6.0% | +5.6% |
| Net income growth | +76.5% | -46.2% | +9.6% | -5.3% | +31.3% | +6.5% | +2.5% |
| Revenue CAGR (3Y) | +1.4% | -4.9% | +0.3% | +7.3% | -0.1% | +11.1% | +21.7% |
| EBITDA CAGR (3Y) | +7.2% | -11.3% | +2.2% | +7.9% | +15.7% | +24.7% | +38.2% |
| Profitability & leverage | |||||||
| Net income margin | +6.7% | +4.3% | +7.6% | +6.7% | +6.9% | +5.6% | +6.2% |
| Return on capital employed | +10.7% | +7.5% | +13.3% | +15.1% | +18.7% | +19.2% | +21.1% |
| Return on net worth | +7.4% | +4.3% | +9.6% | +10.8% | +13.8% | +13.7% | +15.3% |
| Debt / equity | 0.38 | 0.31 | 0.27 | 0.29 | 0.37 | 0.47 | 0.43 |
| Long-term debt / equity | 0.12 | 0.09 | 0.04 | 0.04 | 0.07 | 0.11 | 0.11 |
| Interest cover | 40.07 | 53.86 | 29.47 | 28.41 | 29.43 | 36.64 | 25.45 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.84 | 3.00 | 3.94 | 4.73 | 5.14 | 5.19 | 5.58 |
| Inventory turnover | 4.28 | 4.86 | 5.83 | 7.13 | 9.37 | 11.36 | 12.62 |
| Debtors turnover | 2.41 | 1.98 | 2.18 | 2.51 | 2.10 | 2.10 | 2.49 |
| EPS (₹) | 2.04 | 1.23 | 2.29 | 2.19 | 2.28 | 1.86 | 1.77 |
| Dividend per share (₹) | 0.20 | 0.10 | 0.20 | 0.20 | 0.18 | 0.15 | 0.00 |
| Book value per share (₹) | 31.96 | 28.29 | 27.44 | 22.37 | 20.35 | 14.92 | 12.99 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,608 | 1,511 | 1,224 | 1,003 | 789 | 757 | 961 | 1,012 |
| Revenue growth (YoY) | +103.7% | +99.6% | +27.4% | -0.8% | -25.9% | -38.8% | +0.7% | +1.0% |
| Other income | 32.54 | 23.15 | 15.15 | 15.07 | 14.09 | 15.76 | 21.01 | 13.04 |
| Total expenses | 1,304 | 1,222 | 1,068 | 844 | 790 | 800 | 816 | 864 |
| EBITDA | 304 | 289 | 155 | 159 | (1.10) | (42.96) | 145 | 148 |
| EBITDA margin | +18.9% | +19.1% | +12.7% | +15.9% | -0.1% | -5.7% | +15.1% | +14.6% |
| Depreciation | 43.02 | 41.52 | 36.92 | 31.41 | 28.14 | 23.08 | 21.19 | 20.90 |
| Interest | 53.21 | 54.51 | 54.75 | 52.97 | 47.74 | 42.52 | 37.62 | 35.57 |
| Profit before tax | 240 | 216 | 78.94 | 89.71 | (62.89) | (92.80) | 107 | 104 |
| Tax | 60.91 | 38.80 | 22.75 | 28.27 | (20.55) | (20.21) | 28.39 | 29.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,528 | 3,795 | 4,075 | 4,396 | 4,286 | 4,106 | 3,547 |
| Revenue growth | +16.1% | -5.8% | -8.7% | +4.5% | +3.2% | +16.7% | -22.5% |
| Other income | 67.46 | 60.90 | 100 | 49.46 | 43.83 | 33.22 | 20.94 |
| Total expenses | 3,925 | 3,380 | 3,589 | 3,929 | 3,759 | 3,641 | 3,120 |
| Employee cost | 341 | 273 | 265 | 280 | 262 | 216 | 194 |
| EBITDA | 603 | 415 | 486 | 466 | 528 | 464 | 427 |
| EBITDA margin | +13.3% | +10.9% | +11.9% | +10.6% | +12.3% | +11.3% | +12.0% |
| Depreciation | 138 | 84.90 | 58.48 | 57.43 | 57.30 | 53.59 | 30.14 |
| Interest | 210 | 149 | 115 | 117 | 133 | 148 | 90.10 |
| Profit before tax | 322 | 241 | 412 | 342 | 382 | 296 | 328 |
| Tax | 69.27 | 46.68 | 103 | 87.09 | 98.89 | 73.01 | 124 |
| Net profit | 254 | 195 | 310 | 255 | 283 | 226 | 204 |
| Net profit margin | +5.6% | +5.2% | +7.6% | +5.8% | +6.6% | +5.5% | +5.8% |
| EPS (₹) | 1.65 | 1.35 | 2.15 | 1.85 | 2.06 | 1.74 | 1.59 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 153 | 144 | 144 | 138 | 137 | 128 | 128 |
| Reserves & surplus | 4,574 | 3,818 | 3,674 | 2,827 | 2,591 | 1,748 | 1,517 |
| Shareholders' funds (net worth) | 4,727 | 3,963 | 3,822 | 2,993 | 2,728 | 1,876 | 1,645 |
| Secured loans | 881 | 715 | 552 | 425 | 418 | 575 | 487 |
| Unsecured loans | 786 | 562 | 281 | 365 | 219 | 250 | 145 |
| Total debt | 1,668 | 1,278 | 833 | 791 | 637 | 825 | 632 |
| Total liabilities | 6,471 | 5,290 | 4,699 | 3,822 | 3,399 | 2,734 | 2,305 |
| Assets | |||||||
| Gross block | 1,602 | 1,166 | 903 | 767 | 727 | 691 | 640 |
| Net block | 992 | 664 | 460 | 365 | 375 | 368 | 362 |
| Capital work in progress | 457 | 559 | 437 | 243 | 86.40 | 27.07 | 30.88 |
| Investments | 244 | 267 | 231 | 103 | 84.56 | 65.20 | 80.18 |
| Inventories | 1,166 | 731 | 619 | 584 | 408 | 306 | 272 |
| Sundry debtors | 1,813 | 1,894 | 2,127 | 1,784 | 1,804 | 2,528 | 1,546 |
| Cash & bank balances | 402 | 460 | 318 | 296 | 505 | 294 | 181 |
| Loans & advances | 2,638 | 2,051 | 1,158 | 1,076 | 794 | 771 | 905 |
| Total current assets | 6,019 | 5,136 | 4,222 | 3,741 | 3,511 | 3,899 | 2,904 |
| Total current liabilities | 1,582 | 1,800 | 1,356 | 1,233 | 1,408 | 2,204 | 1,329 |
| Net working capital | 4,437 | 3,335 | 2,865 | 2,509 | 2,103 | 1,696 | 1,574 |
| Total assets | 6,471 | 5,290 | 4,699 | 3,822 | 3,399 | 2,734 | 2,305 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 57.80 | 20.86 | 61.35 | 14.32 | 19.79 | 12.73 | 6.81 |
| Net cash from operating activities | (481) | 431 | (111) | 184 | 140 | 82.48 | 208 |
| Net cash from investing activities | (278) | (505) | (410) | (10.01) | (388) | (116) | (163) |
| Net cash from financing activities | 719 | 111 | 480 | (127) | 242 | 40.45 | (38.96) |
| Net change in cash | (40.36) | 36.94 | (40.49) | 47.03 | (5.46) | 7.06 | 5.91 |
| Closing cash | 402 | 460 | 318 | 296 | 505 | 294 | 181 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +19.3% | -6.9% | -7.3% | +2.6% | +4.4% | +15.8% | -18.8% |
| EBITDA growth | +45.3% | -14.6% | +4.1% | -11.6% | +13.6% | +8.7% | +25.5% |
| PBT growth | +33.4% | -41.5% | +20.7% | -10.5% | +29.0% | -9.8% | +12.8% |
| Net income growth | +30.2% | -36.9% | +21.6% | -10.0% | +25.2% | +10.9% | +10.8% |
| Revenue CAGR (3Y) | +1.0% | -4.0% | -0.3% | +7.4% | -0.6% | +10.2% | +20.7% |
| EBITDA CAGR (3Y) | +8.9% | -7.7% | +1.5% | +3.0% | +15.7% | +21.0% | +33.2% |
| Profitability & leverage | |||||||
| Net income margin | +5.6% | +5.1% | +7.6% | +5.8% | +6.6% | +5.4% | +5.8% |
| Return on capital employed | +9.1% | +7.8% | +12.4% | +12.7% | +16.8% | +17.6% | +19.3% |
| Return on net worth | +5.8% | +5.0% | +9.1% | +8.9% | +12.3% | +12.7% | +13.2% |
| Debt / equity | 0.34 | 0.27 | 0.24 | 0.25 | 0.32 | 0.41 | 0.38 |
| Long-term debt / equity | 0.08 | 0.06 | 0.03 | 0.04 | 0.05 | 0.08 | 0.09 |
| Interest cover | 45.19 | 45.29 | 26.92 | 28.56 | 28.19 | 36.08 | 22.69 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.26 | 3.65 | 4.88 | 5.88 | 6.04 | 6.17 | 6.77 |
| Inventory turnover | 4.77 | 5.62 | 6.77 | 8.85 | 11.99 | 14.19 | 15.29 |
| Debtors turnover | 2.44 | 1.89 | 2.08 | 2.45 | 1.98 | 2.02 | 2.38 |
| EPS (₹) | 1.65 | 1.35 | 2.15 | 1.85 | 2.06 | 1.74 | 1.59 |
| Dividend per share (₹) | 0.20 | 0.10 | 0.20 | 0.20 | 0.18 | 0.15 | 0.00 |
| Book value per share (₹) | 30.89 | 27.48 | 26.51 | 21.54 | 19.84 | 14.61 | 12.81 |
Shareholding Pattern of HFCL Limited
Shareholding for the quarter ended Sep 2026: promoters hold 28.30%, foreign institutional investors hold 15.70%, domestic institutional investors hold 11.00% and retail and other public shareholders hold 45.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 28.30% | 28.30% | 28.30% | 30.00% |
| Public | 71.70% | 71.70% | 71.70% | 70.00% |
Group Structure of HFCL Limited
HFCL has 7 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Hfcl Advance Systems Private Limited | U29253HP2015PTC000880 | - |
| Hfcl Technologies Private Limited | U29309DL2021PTC382794 | - |
| Dragonwave Hfcl India Private Limited | U64200DL2010PTC211117 | - |
| Moneta Finance Private Limited | U65921HP1995PTC017088 | - |
| Raddef Private Limited | U74999KA2017PTC105873 | - |
| Polixel Security Systems Private Limited | U93000DL2010PTC199073 | - |
Showing major subsidiaries. Total: 7.
Charges & Borrowings of HFCL
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Jun 2026 | Others | ₹16.03 Cr | Open |
| 16 Jun 2026 | Others | ₹38.62 Cr | Open |
| 09 Jun 2026 | Others | ₹39.45 Cr | Open |
| 22 Apr 2026 | Others | ₹88 Cr | Open |
| 22 Apr 2026 | Others | ₹92 Cr | Open |
Total charge records: 114 View all charges
Employees and EPFO Compliance at HFCL
HFCL Limited has a workforce of 2,336 employees as of Oct 10, 2025.
Employee and EPFO history for HFCL Limited
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of HFCL
GST registrations and filing compliance for HFCL Limited
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for HFCL
Credit ratings, litigation, and regulatory alerts for HFCL Limited
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by HFCL
MSME payment history for HFCL Limited
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of HFCL
Corporate group structure for HFCL Limited
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of HFCL
MCA filings and documents for HFCL Limited
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on HFCL
Recent News on HFCL
Frequently Asked Questions about HFCL Limited
HFCL is an active public limited company in the telecom sector based in Himachal Pradesh, Himachal Pradesh, India. It was incorporated on 11 May 1987 (39+ years old) and is registered under CIN L64200HP1987PLC007466. Listed on BSE: 500183 and NSE: HFCL. The company has 2,336 employees.
HFCL reported revenue of ₹4,949.27 Cr for FY 2025-26 (up 21.77% YoY) based on consolidated financials.
The current directors of HFCL are:
- Arvind Kharabanda - Director
- Ajai Kumar - Director
- Mahendra Nahata - Managing Director
- Ranjeet Mal Kastia - Director
- Bela Banerjee - Director
- Anil Narendra Shah - Director
The primary industry of HFCL is telecom. The company specifically operates in telecom equipment and tech solutions. The company is currently active in this sector.
Yes. HFCL is listed on both BSE (code: 500183) and NSE (symbol: HFCL).
HFCL can be reached at the registered office: 8 Electronics Complex Chambaghat Solan, Himachal Pradesh, Himachal Pradesh, India – 173213, or through the website hfcl.com.