About Hfcl Limited
Data last updated: 01 January 2026
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 Mahendra Nahata and Ranjeet Mal Kastia.
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 financials filed for FY 2025, the company reported a revenue of ₹3,856.12 Cr, a decline of 7.63% compared to the previous year.
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 ₹7,407.83 Cr and satisfied charges of ₹4,487.54 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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered Address8 Electronics Complex Chambaghat Solan, Himachal Pradesh, Himachal Pradesh, India – 173213
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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
Competitors & Alternatives of Hfcl Limited
Brands and companies operating in the same space as Hfcl Limited include KPN, Ciena, Orange Polska and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
|
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Mobile and fixed-line telecommunication services are provided across Europe. | The Hague, Netherlands, Netherlands | 1989 |
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Cloud-based network management software is provided for infrastructure planning. | Hanover, United States, United States | 1992 |
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Telephony, internet, and data transmission services are provided in Poland. | Warsaw, Poland, Poland | 1991 |
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Telecom services provider in Israel | Tel Aviv, Israel, Israel | 1984 |
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Satellite-based communication services are provided to diverse business sectors. | Carlsbad, United States, United States | 1986 |
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Internet service provider | Atlanta, United States, United States | 1994 |
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Datacenter colocation, communication technology, and managed services are provided. | Monroe, United States, United States | 1930 |
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Provider of fibre optic broadband internet services | Hong Kong, China, China | 1999 |
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Broadband internet, IPTV, and data services are offered in Vietnam. | Hanoi, Vietnam, Vietnam | 1997 |
Business Activity of Hfcl Limited
Hfcl Limited operates primarily in the information and communication and manufacturing sectors. The company has 2 registered business activity segments, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| ********* | Information and communication | ********* | Wired, wireless or satellite Telecommunication activities | ********* |
| ********* | Manufacturing | ********* | Computer, electronic, Communication and scientific measuring & control equipment | ********* |
Auditor Details of Hfcl Limited
Hfcl Limited is audited by S Bhandari & Co. LLP (ICAI peer reviewed, certificate valid till 2029-01-31); Oswal Sunil & Company (ICAI peer reviewed, certificate valid till 2027-04-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| S Bhandari & Co. LLP (ICAI peer reviewed, certificate valid till 2029-01-31); Oswal Sunil & Company (ICAI peer reviewed, certificate valid till 2027-04-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Hfcl Limited
Hfcl Limited is currently managed by 8 directors, with 17 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Mahendra Nahata
Also directs:
Hfcl Technologies Private Limited, Mn Tele-Ventures Llp, Krishiv Ventures Private Limited and 4 more
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Managing Director | 11 May 1987 | 39 Years 1 Months | Current |
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Ranjeet Mal Kastia
Also directs:
Hfcl Advance Systems Private Limited, Dragonwave Hfcl India Private Limited, Hcp Plastene Bulkpack Limited and 3 more
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Director | 07 Feb 1996 | 30 Years 5 Months | Current |
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Ajai Kumar
Also directs:
Authum Investment & Infrastructure Limited, Delphi World Money Limited, Nukleus Office Solutions Limited and 5 more
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Director | 25 Nov 2021 | 4 Years 7 Months | Current |
| Bharat Pal Singh | Director | 21 Jan 2020 | 6 Years 5 Months | Current |
|
Bela Banerjee
Also directs:
Htl Limited, Adhunik Power & Natural Resources Limited
|
Director | 17 Dec 2024 | 1 Years 6 Months | Current |
|
Arvind Kharabanda
Also directs:
Kharabanda A S & Associates Llp, Rajasthan Antibiotics Ltd, Hfcl Advance Systems Private Limited and 4 more
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Director | 01 Jun 2012 | 14 Years 1 Months | Current |
Financials of Hfcl Limited FY 2026 filings available
Hfcl Limited reported revenue of ₹4,949.27 Cr (up 21.77% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹4,949.27 Cr | ₹4,064.52 Cr | ₹4,465.05 Cr | ₹4,743.31 Cr | ₹4,727.11 Cr | ₹4,422.96 Cr | ₹3,838.91 Cr |
| Other Income | ₹65.25 Cr | ₹57.76 Cr | ₹100.59 Cr | ₹47.18 Cr | ₹42.91 Cr | ₹36.13 Cr | ₹22.08 Cr |
| Total Income | ₹5,014.52 Cr | ₹4,122.28 Cr | ₹4,565.64 Cr | ₹4,790.49 Cr | ₹4,770.02 Cr | ₹4,459.09 Cr | ₹3,860.99 Cr |
| Cost of Materials Consumed | ₹1,903.15 Cr | ₹1,908.55 Cr | ₹1,932.13 Cr | ₹2,016.85 Cr | ₹2,335.55 Cr | ₹1,617.45 Cr | ₹2,146.85 Cr |
| Purchases of Stock-in-Trade | ₹1,756.74 Cr | ₹1,117.76 Cr | ₹1,391.2 Cr | ₹1,564.47 Cr | ₹1,243.71 Cr | ₹1,778.4 Cr | ₹881.62 Cr |
| Changes in Inventories | -₹457.98 Cr | -₹82.47 Cr | -₹102.89 Cr | -₹102.41 Cr | -₹80.52 Cr | ₹8.07 Cr | -₹94.21 Cr |
| Employee Benefit Expense | ₹445.26 Cr | ₹363.55 Cr | ₹350.53 Cr | ₹348.19 Cr | ₹310.56 Cr | ₹252.85 Cr | ₹224.34 Cr |
| Finance Costs | ₹242.06 Cr | ₹185.01 Cr | ₹147.28 Cr | ₹152.19 Cr | ₹166.4 Cr | ₹176.09 Cr | ₹114.82 Cr |
| Depreciation & Amortisation | ₹157.38 Cr | ₹105.51 Cr | ₹81.76 Cr | ₹82.97 Cr | ₹78.25 Cr | ₹68.63 Cr | ₹41.95 Cr |
| Other Expenses | ₹540.23 Cr | ₹308.14 Cr | ₹312.54 Cr | ₹297.53 Cr | ₹267.74 Cr | ₹216.61 Cr | ₹186.22 Cr |
| Total Expenses | ₹4,586.84 Cr | ₹3,906.05 Cr | ₹4,112.55 Cr | ₹4,359.79 Cr | ₹4,321.69 Cr | ₹4,118.1 Cr | ₹3,501.59 Cr |
| Profit Before Exceptional Items & Tax | ₹427.68 Cr | ₹216.23 Cr | ₹453.09 Cr | ₹430.7 Cr | ₹448.33 Cr | ₹340.99 Cr | ₹359.4 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | -₹6.38 Cr | -₹4.13 Cr | ₹0 |
| Profit Before Tax | ₹427.68 Cr | ₹216.23 Cr | ₹453.09 Cr | ₹430.7 Cr | ₹441.95 Cr | ₹336.86 Cr | ₹359.4 Cr |
| Total Tax Expense | ₹98.24 Cr | ₹43.33 Cr | ₹116.5 Cr | ₹112.9 Cr | ₹116.25 Cr | ₹90.62 Cr | ₹121.02 Cr |
| Net Profit | ₹329.44 Cr | ₹173.26 Cr | ₹337.52 Cr | ₹317.71 Cr | ₹325.86 Cr | ₹246.24 Cr | ₹237.33 Cr |
| attributable to Owners | ₹311.74 Cr | ₹177.41 Cr | ₹329.81 Cr | ₹300.97 Cr | ₹313.12 Cr | ₹239 Cr | ₹228.38 Cr |
| attributable to NCI | ₹17.7 Cr | -₹4.14 Cr | ₹7.72 Cr | ₹16.74 Cr | ₹12.75 Cr | ₹7.24 Cr | ₹9.94 Cr |
| Other Comprehensive Income | -₹29.12 Cr | ₹129.6 Cr | ₹129.6 Cr | ₹1.55 Cr | ₹1.71 Cr | ₹4.96 Cr | ₹97 Lakh |
| Total Comprehensive Income | ₹300.32 Cr | ₹302.86 Cr | ₹467.12 Cr | ₹319.26 Cr | ₹327.57 Cr | ₹251.2 Cr | ₹238.3 Cr |
| EBITDA (computed) | ₹827.12 Cr | ₹506.75 Cr | ₹682.13 Cr | ₹665.86 Cr | ₹692.98 Cr | ₹585.71 Cr | ₹516.17 Cr |
| Basic EPS | ₹2.13 | ₹1.23 | ₹2.33 | ₹2.18 | ₹2.38 | ₹1.86 | ₹1.77 |
| Diluted EPS | ₹2.13 | ₹1.23 | ₹2.33 | ₹2.18 | ₹2.38 | ₹1.87 | ₹1.76 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹8,867.58 Cr | ₹7,546.29 Cr | ₹6,486.83 Cr | ₹5,472.59 Cr |
| Non-current Assets | ₹2,164.39 Cr | ₹2,175.61 Cr | ₹1,953.33 Cr | ₹1,390.44 Cr |
| Current Assets | ₹6,703.19 Cr | ₹5,370.68 Cr | ₹4,533.5 Cr | ₹4,082.15 Cr |
| Property, Plant & Equipment | ₹913.36 Cr | ₹630.21 Cr | ₹495.94 Cr | ₹487.09 Cr |
| Inventories | ₹1,415.99 Cr | ₹898.84 Cr | ₹774.42 Cr | ₹757.85 Cr |
| Trade Receivables | ₹2,212.18 Cr | ₹1,891.73 Cr | ₹2,215.48 Cr | ₹1,886.11 Cr |
| Cash & Equivalents | ₹37.67 Cr | ₹70.52 Cr | ₹23.33 Cr | ₹63.67 Cr |
| Equity (Net Worth) | ₹4,948.59 Cr | ₹4,119.32 Cr | ₹3,999.83 Cr | ₹3,144.14 Cr |
| Equity Share Capital | ₹153.03 Cr | ₹144.21 Cr | ₹144.01 Cr | ₹137.64 Cr |
| Borrowings (Non-current) | ₹389.88 Cr | ₹389.9 Cr | ₹169.21 Cr | ₹110.37 Cr |
| Borrowings (Current) | ₹1,323.49 Cr | ₹951.16 Cr | ₹808.05 Cr | ₹637.94 Cr |
| Total Debt (computed) | ₹1,713.37 Cr | ₹1,341.06 Cr | ₹977.26 Cr | ₹748.31 Cr |
| Current Liabilities | ₹3,366.79 Cr | ₹2,887.87 Cr | ₹2,183.95 Cr | ₹2,142.16 Cr |
| Total Liabilities | ₹3,918.99 Cr | ₹3,426.97 Cr | ₹2,487 Cr | ₹2,328.45 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹378.13 Cr | ₹396 Cr | -₹44.88 Cr | ₹236.41 Cr | ₹205.91 Cr |
| Investing Cash Flow | -₹324.11 Cr | -₹518.39 Cr | -₹448.72 Cr | -₹44.63 Cr | -₹457.86 Cr |
| Financing Cash Flow | ₹669.39 Cr | ₹169.58 Cr | ₹454.01 Cr | -₹144.8 Cr | ₹247.85 Cr |
| Capital Expenditure | ₹230.18 Cr | ₹230.17 Cr | ₹183.51 Cr | ₹193.57 Cr | ₹145.21 Cr |
| Free Cash Flow (computed) | -₹608.31 Cr | ₹165.83 Cr | -₹228.39 Cr | ₹42.84 Cr | ₹60.7 Cr |
| Dividends Paid | ₹14.42 Cr | ₹28.84 Cr | ₹28.55 Cr | ₹24.45 Cr | ₹19.05 Cr |
| Net Change in Cash | -₹32.85 Cr | ₹47.19 Cr | -₹39.59 Cr | ₹46.98 Cr | -₹4.1 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,824.12 Cr | ₹1,210.79 Cr | ₹1,043.34 Cr | ₹871.02 Cr | ₹800.72 Cr | ₹1,011.95 Cr | ₹1,093.61 Cr | ₹1,158.24 Cr | ₹1,326.06 Cr | ₹1,032.31 Cr | ₹1,111.49 Cr | ₹995.19 Cr |
| Other Income | ₹22.26 Cr | ₹15.42 Cr | ₹13.04 Cr | ₹14.53 Cr | ₹13.64 Cr | ₹20.04 Cr | ₹13.58 Cr | ₹10.5 Cr | ₹13.61 Cr | ₹46.72 Cr | ₹17.17 Cr | ₹13.17 Cr |
| Total Income | ₹1,846.38 Cr | ₹1,226.21 Cr | ₹1,056.38 Cr | ₹885.55 Cr | ₹814.36 Cr | ₹1,031.99 Cr | ₹1,107.19 Cr | ₹1,168.74 Cr | ₹1,339.67 Cr | ₹1,079.03 Cr | ₹1,128.66 Cr | ₹1,008.36 Cr |
| Cost of Materials Consumed | ₹629.87 Cr | ₹408.37 Cr | ₹417.11 Cr | ₹447.8 Cr | ₹785.63 Cr | ₹377.68 Cr | ₹333.94 Cr | ₹411.3 Cr | ₹460.78 Cr | ₹534.72 Cr | ₹468.05 Cr | ₹468.58 Cr |
| Purchases of Stock-in-Trade | ₹474.72 Cr | ₹674.46 Cr | ₹388.18 Cr | ₹219.38 Cr | ₹61.88 Cr | ₹237.13 Cr | ₹383.19 Cr | ₹435.56 Cr | ₹528.07 Cr | ₹226.1 Cr | ₹421.86 Cr | ₹215.17 Cr |
| Changes in Inventories | ₹64.26 Cr | -₹329.13 Cr | -₹161.02 Cr | -₹32.09 Cr | -₹198.07 Cr | ₹84.63 Cr | ₹58.43 Cr | -₹27.46 Cr | -₹42.99 Cr | -₹4.75 Cr | -₹59.12 Cr | ₹3.97 Cr |
| Employee Benefit Expense | ₹137.44 Cr | ₹108.23 Cr | ₹94.24 Cr | ₹105.35 Cr | ₹90.91 Cr | ₹94.49 Cr | ₹89.45 Cr | ₹88.7 Cr | ₹87.54 Cr | ₹90.08 Cr | ₹81.49 Cr | ₹91.42 Cr |
| Finance Costs | ₹62.78 Cr | ₹62.76 Cr | ₹60.9 Cr | ₹55.62 Cr | ₹51.06 Cr | ₹46.76 Cr | ₹44.88 Cr | ₹42.31 Cr | ₹39.65 Cr | ₹36.55 Cr | ₹34.78 Cr | ₹36.3 Cr |
| Depreciation & Amortisation | ₹45.48 Cr | ₹43.77 Cr | ₹35.93 Cr | ₹32.2 Cr | ₹30.44 Cr | ₹25.52 Cr | ₹25.48 Cr | ₹24.07 Cr | ₹20.14 Cr | ₹19.27 Cr | ₹21.45 Cr | ₹20.9 Cr |
| Other Expenses | ₹203.9 Cr | ₹120.76 Cr | ₹114.5 Cr | ₹102.18 Cr | ₹96.34 Cr | ₹66.17 Cr | ₹70.36 Cr | ₹75.27 Cr | ₹96.98 Cr | ₹69.43 Cr | ₹66.61 Cr | ₹69.6 Cr |
| Total Expenses | ₹1,618.45 Cr | ₹1,089.22 Cr | ₹949.84 Cr | ₹930.44 Cr | ₹918.19 Cr | ₹932.38 Cr | ₹1,005.73 Cr | ₹1,049.75 Cr | ₹1,190.17 Cr | ₹971.4 Cr | ₹1,035.12 Cr | ₹905.94 Cr |
| Profit Before Exceptional Items & Tax | ₹227.93 Cr | ₹136.99 Cr | ₹106.54 Cr | -₹44.89 Cr | -₹103.83 Cr | ₹99.61 Cr | ₹101.46 Cr | ₹118.99 Cr | ₹149.5 Cr | ₹107.63 Cr | ₹93.54 Cr | ₹102.42 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹19 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹227.93 Cr | ₹136.99 Cr | ₹106.54 Cr | -₹44.7 Cr | -₹103.83 Cr | ₹99.61 Cr | ₹101.46 Cr | ₹118.99 Cr | ₹149.5 Cr | ₹107.63 Cr | ₹93.54 Cr | ₹102.42 Cr |
| Total Tax Expense | ₹43.48 Cr | ₹35.74 Cr | ₹34.42 Cr | -₹15.4 Cr | -₹21.63 Cr | ₹27.68 Cr | ₹29.14 Cr | ₹8.14 Cr | ₹40.09 Cr | ₹25.43 Cr | ₹24.01 Cr | ₹26.97 Cr |
| Net Profit | ₹184.45 Cr | ₹102.37 Cr | ₹71.92 Cr | -₹29.3 Cr | -₹83.3 Cr | ₹72.58 Cr | ₹73.33 Cr | ₹110.65 Cr | ₹109.36 Cr | ₹82.43 Cr | ₹70.17 Cr | ₹75.56 Cr |
| attributable to Owners | ₹178.5 Cr | ₹97.62 Cr | ₹67.86 Cr | -₹32.24 Cr | -₹81.43 Cr | ₹73.65 Cr | ₹73.89 Cr | ₹111.3 Cr | ₹110.06 Cr | ₹82.24 Cr | ₹69.42 Cr | ₹68.09 Cr |
| attributable to NCI | ₹5.95 Cr | ₹4.75 Cr | ₹4.05 Cr | ₹2.95 Cr | -₹1.86 Cr | -₹1.06 Cr | -₹56 Lakh | -₹66 Lakh | -₹69 Lakh | ₹20 Lakh | ₹75 Lakh | ₹7.46 Cr |
| Other Comprehensive Income | -₹39.23 Cr | -₹21.02 Cr | -₹7.79 Cr | ₹38.92 Cr | -₹54.79 Cr | -₹50.21 Cr | -₹125.93 Cr | ₹195.1 Cr | ₹130.25 Cr | -₹24 Lakh | ₹51 Lakh | -₹92 Lakh |
| Total Comprehensive Income | ₹145.22 Cr | ₹81.35 Cr | ₹64.13 Cr | ₹9.62 Cr | -₹138.09 Cr | ₹22.37 Cr | -₹52.6 Cr | ₹305.75 Cr | ₹239.61 Cr | ₹82.19 Cr | ₹70.68 Cr | ₹74.64 Cr |
| EBITDA (computed) | ₹336.19 Cr | ₹243.52 Cr | ₹203.37 Cr | ₹42.93 Cr | -₹22.33 Cr | ₹171.89 Cr | ₹171.82 Cr | ₹185.37 Cr | ₹209.29 Cr | ₹163.45 Cr | ₹149.77 Cr | ₹159.62 Cr |
| Basic EPS | ₹1.21 | ₹0.67 | ₹0.47 | ₹-0.22 | ₹-0.56 | ₹0.51 | ₹0.51 | ₹0.77 | ₹0.76 | ₹0.58 | ₹0.50 | ₹0.49 |
| Diluted EPS | ₹1.21 | ₹0.67 | ₹0.47 | ₹-0.22 | ₹-0.56 | ₹0.51 | ₹0.51 | ₹0.77 | ₹0.76 | ₹0.58 | ₹0.50 | ₹0.49 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Telecom Product | ₹1,206.22 Cr | ₹383 Cr | ₹3,977.84 Cr | ₹1,306.06 Cr |
| Defence Product and Services | ₹12.42 Cr | -₹5.9 Cr | ₹256.95 Cr | ₹59.09 Cr |
| Turnkey Contract and Services | ₹587.14 Cr | -₹84.1 Cr | ₹3,765.29 Cr | ₹1,322.58 Cr |
| Others | ₹18.34 Cr | -₹1.72 Cr | ₹33.92 Cr | ₹22.06 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Telecom Product | ₹2,931.01 Cr | ₹763.92 Cr | - | - |
| Defence Product and Services | ₹76.7 Cr | -₹5.05 Cr | - | - |
| Turnkey Contract and Services | ₹1,875 Cr | -₹113.01 Cr | - | - |
| Others | ₹66.56 Cr | -₹2.04 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹4,527.54 Cr | ₹3,795.22 Cr | ₹4,074.59 Cr | ₹4,395.68 Cr | ₹4,286.44 Cr | ₹4,105.87 Cr | ₹3,547.3 Cr |
| Other Income | ₹67.46 Cr | ₹60.9 Cr | ₹100.13 Cr | ₹49.46 Cr | ₹43.83 Cr | ₹33.22 Cr | ₹20.95 Cr |
| Total Income | ₹4,595 Cr | ₹3,856.12 Cr | ₹4,174.72 Cr | ₹4,445.14 Cr | ₹4,330.27 Cr | ₹4,139.09 Cr | ₹3,568.25 Cr |
| Cost of Materials Consumed | ₹1,907.1 Cr | ₹1,792.61 Cr | ₹1,761.91 Cr | ₹1,992.02 Cr | ₹2,127.92 Cr | ₹1,462.22 Cr | ₹2,013.7 Cr |
| Purchases of Stock-in-Trade | ₹1,623.03 Cr | ₹1,117.02 Cr | ₹1,384.33 Cr | ₹1,508.42 Cr | ₹1,203 Cr | ₹1,744.89 Cr | ₹849.35 Cr |
| Changes in Inventories | -₹406.94 Cr | -₹80.65 Cr | -₹101.58 Cr | -₹105.99 Cr | -₹65.7 Cr | ₹27.95 Cr | -₹95.05 Cr |
| Employee Benefit Expense | ₹340.91 Cr | ₹272.68 Cr | ₹264.79 Cr | ₹279.6 Cr | ₹261.6 Cr | ₹215.69 Cr | ₹193.77 Cr |
| Finance Costs | ₹209.97 Cr | ₹149.46 Cr | ₹115.02 Cr | ₹116.83 Cr | ₹132.64 Cr | ₹148.25 Cr | ₹90.1 Cr |
| Depreciation & Amortisation | ₹137.99 Cr | ₹84.9 Cr | ₹58.48 Cr | ₹57.43 Cr | ₹57.3 Cr | ₹53.59 Cr | ₹30.14 Cr |
| Other Expenses | ₹460.8 Cr | ₹278.67 Cr | ₹279.32 Cr | ₹255.14 Cr | ₹231.84 Cr | ₹186.5 Cr | ₹158.31 Cr |
| Total Expenses | ₹4,272.86 Cr | ₹3,614.69 Cr | ₹3,762.27 Cr | ₹4,103.45 Cr | ₹3,948.6 Cr | ₹3,839.09 Cr | ₹3,240.32 Cr |
| Profit Before Exceptional Items & Tax | ₹322.14 Cr | ₹241.43 Cr | ₹412.45 Cr | ₹341.69 Cr | ₹381.67 Cr | ₹300 Cr | ₹327.93 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | -₹4.13 Cr | ₹0 |
| Profit Before Tax | ₹322.14 Cr | ₹241.43 Cr | ₹412.45 Cr | ₹341.69 Cr | ₹381.67 Cr | ₹295.87 Cr | ₹327.93 Cr |
| Total Tax Expense | ₹69.27 Cr | ₹46.68 Cr | ₹102.79 Cr | ₹87.09 Cr | ₹98.89 Cr | ₹73.01 Cr | ₹124.1 Cr |
| Net Profit | ₹252.87 Cr | ₹194.75 Cr | ₹309.66 Cr | ₹254.6 Cr | ₹282.78 Cr | ₹222.86 Cr | ₹203.83 Cr |
| Other Comprehensive Income | -₹17.18 Cr | -₹35.92 Cr | ₹130.47 Cr | ₹3.54 Cr | ₹1.79 Cr | ₹4.68 Cr | -₹74 Lakh |
| Total Comprehensive Income | ₹235.69 Cr | ₹158.83 Cr | ₹440.13 Cr | ₹258.14 Cr | ₹284.57 Cr | ₹227.54 Cr | ₹203.09 Cr |
| EBITDA (computed) | ₹670.1 Cr | ₹475.79 Cr | ₹585.95 Cr | ₹515.95 Cr | ₹571.61 Cr | ₹501.84 Cr | ₹448.17 Cr |
| Basic EPS | ₹1.72 | ₹1.35 | ₹2.19 | ₹1.85 | ₹2.15 | ₹1.74 | ₹1.59 |
| Diluted EPS | ₹1.72 | ₹1.35 | ₹2.19 | ₹1.85 | ₹2.15 | ₹1.74 | ₹1.61 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹8,131.43 Cr | ₹7,178.94 Cr | ₹6,130 Cr | ₹5,080.37 Cr |
| Non-current Assets | ₹2,031.94 Cr | ₹2,042.06 Cr | ₹1,884.79 Cr | ₹1,326.92 Cr |
| Current Assets | ₹6,060.14 Cr | ₹5,136.88 Cr | ₹4,245.21 Cr | ₹3,753.45 Cr |
| Property, Plant & Equipment | ₹730.49 Cr | ₹469.26 Cr | ₹331.49 Cr | ₹331.88 Cr |
| Inventories | ₹1,166.33 Cr | ₹731.17 Cr | ₹618.95 Cr | ₹584.45 Cr |
| Trade Receivables | ₹1,812.6 Cr | ₹1,894.23 Cr | ₹2,127.03 Cr | ₹1,784.35 Cr |
| Cash & Equivalents | ₹17.44 Cr | ₹57.8 Cr | ₹20.86 Cr | ₹61.35 Cr |
| Equity (Net Worth) | ₹4,727.45 Cr | ₹3,962.55 Cr | ₹3,821.69 Cr | ₹2,993.02 Cr |
| Equity Share Capital | ₹153.03 Cr | ₹144.21 Cr | ₹144.01 Cr | ₹137.64 Cr |
| Borrowings (Non-current) | ₹334.52 Cr | ₹328.54 Cr | ₹135.16 Cr | ₹83.6 Cr |
| Borrowings (Current) | ₹1,154.5 Cr | ₹768.21 Cr | ₹683.91 Cr | ₹519.38 Cr |
| Total Debt (computed) | ₹1,489.02 Cr | ₹1,096.75 Cr | ₹819.07 Cr | ₹602.98 Cr |
| Current Liabilities | ₹2,896.38 Cr | ₹2,739.75 Cr | ₹2,045.22 Cr | ₹1,933.78 Cr |
| Total Liabilities | ₹3,403.98 Cr | ₹3,216.39 Cr | ₹2,308.31 Cr | ₹2,087.35 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹481.13 Cr | ₹431.33 Cr | -₹110.9 Cr | ₹184.87 Cr | ₹140.89 Cr |
| Investing Cash Flow | -₹278.42 Cr | -₹504.96 Cr | -₹409.91 Cr | -₹10.54 Cr | -₹387.79 Cr |
| Financing Cash Flow | ₹719.19 Cr | ₹110.57 Cr | ₹480.32 Cr | -₹127.3 Cr | ₹241.95 Cr |
| Capital Expenditure | ₹205.66 Cr | ₹209.29 Cr | ₹138.16 Cr | ₹118.49 Cr | ₹97.61 Cr |
| Free Cash Flow (computed) | -₹686.79 Cr | ₹222.04 Cr | -₹249.06 Cr | ₹66.38 Cr | ₹43.28 Cr |
| Dividends Paid | ₹14.42 Cr | ₹28.84 Cr | ₹28.55 Cr | ₹24.45 Cr | ₹19.05 Cr |
| Net Change in Cash | -₹40.36 Cr | ₹36.94 Cr | -₹40.49 Cr | ₹47.03 Cr | -₹4.95 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,511.24 Cr | ₹1,223.89 Cr | ₹1,003.13 Cr | ₹789.28 Cr | ₹757.19 Cr | ₹960.94 Cr | ₹1,011.57 Cr | ₹1,065.52 Cr | ₹1,238.04 Cr | ₹954.47 Cr | ₹1,001.76 Cr | ₹880.32 Cr |
| Other Income | ₹23.15 Cr | ₹15.15 Cr | ₹15.07 Cr | ₹14.09 Cr | ₹15.76 Cr | ₹21.01 Cr | ₹13.04 Cr | ₹11.09 Cr | ₹13.25 Cr | ₹46.2 Cr | ₹17.6 Cr | ₹13.16 Cr |
| Total Income | ₹1,534.39 Cr | ₹1,239.04 Cr | ₹1,018.2 Cr | ₹803.37 Cr | ₹772.95 Cr | ₹981.95 Cr | ₹1,024.61 Cr | ₹1,076.61 Cr | ₹1,251.29 Cr | ₹1,000.67 Cr | ₹1,019.36 Cr | ₹893.48 Cr |
| Cost of Materials Consumed | ₹655.97 Cr | ₹469.96 Cr | ₹358.58 Cr | ₹422.59 Cr | ₹773.95 Cr | ₹354.31 Cr | ₹309.55 Cr | ₹354.8 Cr | ₹424.78 Cr | ₹499.21 Cr | ₹402.59 Cr | ₹435.33 Cr |
| Purchases of Stock-in-Trade | ₹463.4 Cr | ₹581.49 Cr | ₹343.37 Cr | ₹234.77 Cr | ₹57.55 Cr | ₹244.75 Cr | ₹380.78 Cr | ₹433.94 Cr | ₹526.71 Cr | ₹221.1 Cr | ₹416.99 Cr | ₹219.53 Cr |
| Changes in Inventories | -₹190.23 Cr | -₹157.17 Cr | -₹19.03 Cr | -₹40.51 Cr | -₹192.27 Cr | ₹89.38 Cr | ₹45.84 Cr | -₹23.6 Cr | -₹50.24 Cr | -₹4.15 Cr | -₹48.14 Cr | ₹95 Lakh |
| Employee Benefit Expense | ₹106.52 Cr | ₹79.93 Cr | ₹70.3 Cr | ₹84.16 Cr | ₹71.01 Cr | ₹71.88 Cr | ₹64.01 Cr | ₹65.78 Cr | ₹66.28 Cr | ₹68.42 Cr | ₹59.82 Cr | ₹70.27 Cr |
| Finance Costs | ₹54.51 Cr | ₹54.75 Cr | ₹52.97 Cr | ₹47.74 Cr | ₹42.52 Cr | ₹37.62 Cr | ₹35.57 Cr | ₹33.75 Cr | ₹30.75 Cr | ₹28.23 Cr | ₹27.15 Cr | ₹28.89 Cr |
| Depreciation & Amortisation | ₹41.52 Cr | ₹36.92 Cr | ₹31.41 Cr | ₹28.14 Cr | ₹23.08 Cr | ₹21.19 Cr | ₹20.9 Cr | ₹19.73 Cr | ₹15.33 Cr | ₹14.56 Cr | ₹14.45 Cr | ₹14.14 Cr |
| Other Expenses | ₹186.32 Cr | ₹94.22 Cr | ₹90.89 Cr | ₹89.37 Cr | ₹89.91 Cr | ₹55.95 Cr | ₹63.7 Cr | ₹69.11 Cr | ₹84.33 Cr | ₹69.97 Cr | ₹56.25 Cr | ₹58.85 Cr |
| Total Expenses | ₹1,318.01 Cr | ₹1,160.1 Cr | ₹928.49 Cr | ₹866.26 Cr | ₹865.75 Cr | ₹875.08 Cr | ₹920.35 Cr | ₹953.51 Cr | ₹1,097.94 Cr | ₹897.34 Cr | ₹929.11 Cr | ₹827.96 Cr |
| Profit Before Exceptional Items & Tax | ₹216.38 Cr | ₹78.94 Cr | ₹89.71 Cr | -₹62.89 Cr | -₹92.8 Cr | ₹106.87 Cr | ₹104.26 Cr | ₹123.1 Cr | ₹153.35 Cr | ₹103.33 Cr | ₹90.25 Cr | ₹65.52 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹216.38 Cr | ₹78.94 Cr | ₹89.71 Cr | -₹62.89 Cr | -₹92.8 Cr | ₹106.87 Cr | ₹104.26 Cr | ₹123.1 Cr | ₹153.35 Cr | ₹103.33 Cr | ₹90.25 Cr | ₹65.52 Cr |
| Total Tax Expense | ₹38.8 Cr | ₹22.75 Cr | ₹28.27 Cr | -₹20.55 Cr | -₹20.21 Cr | ₹28.39 Cr | ₹29.38 Cr | ₹9.12 Cr | ₹37.91 Cr | ₹25.41 Cr | ₹22.7 Cr | ₹16.77 Cr |
| Net Profit | ₹177.58 Cr | ₹56.19 Cr | ₹61.44 Cr | -₹42.34 Cr | -₹72.59 Cr | ₹78.48 Cr | ₹74.88 Cr | ₹113.98 Cr | ₹115.44 Cr | ₹77.92 Cr | ₹67.55 Cr | ₹48.75 Cr |
| Other Comprehensive Income | -₹29.69 Cr | -₹21.09 Cr | -₹5.95 Cr | ₹39.55 Cr | -₹54.33 Cr | -₹51.15 Cr | -₹125.01 Cr | ₹194.57 Cr | ₹130.45 Cr | ₹10 Lakh | ₹53 Lakh | -₹61 Lakh |
| Total Comprehensive Income | ₹147.89 Cr | ₹35.1 Cr | ₹55.49 Cr | -₹2.79 Cr | -₹126.92 Cr | ₹27.33 Cr | -₹50.13 Cr | ₹308.55 Cr | ₹245.89 Cr | ₹78.02 Cr | ₹68.08 Cr | ₹48.14 Cr |
| EBITDA (computed) | ₹312.41 Cr | ₹170.61 Cr | ₹174.09 Cr | ₹12.99 Cr | -₹27.2 Cr | ₹165.68 Cr | ₹160.73 Cr | ₹176.58 Cr | ₹199.43 Cr | ₹146.12 Cr | ₹131.85 Cr | ₹108.55 Cr |
| Basic EPS | ₹1.59 | ₹0.39 | ₹0.42 | ₹-0.29 | ₹-0.50 | ₹0.54 | ₹0.52 | ₹0.79 | ₹0.81 | ₹0.54 | ₹0.49 | ₹0.35 |
| Diluted EPS | ₹1.59 | ₹0.39 | ₹0.42 | ₹-0.29 | ₹-0.50 | ₹0.54 | ₹0.52 | ₹0.79 | ₹0.81 | ₹0.54 | ₹0.49 | ₹0.35 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Telecom Product | ₹901.12 Cr | ₹360.59 Cr | ₹3,419.79 Cr | ₹961.54 Cr |
| Defence Product and Services | ₹19 Lakh | -₹6.39 Cr | ₹180.61 Cr | ₹43.99 Cr |
| Turnkey Contract and Services | ₹609.93 Cr | -₹84 Cr | ₹3,767.28 Cr | ₹1,321.5 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Telecom Product | ₹2,563 Cr | ₹634.57 Cr | - | - |
| Defence Product and Services | ₹78 Lakh | -₹14.79 Cr | - | - |
| Turnkey Contract and Services | ₹1,963.76 Cr | -₹112.25 Cr | - | - |
Shareholding Pattern of Hfcl Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 28.29%, foreign institutional investors hold 7.08%, domestic institutional investors hold 8.58%, retail and other public shareholders hold 56.03% of Hfcl Limited. The company had 803,693 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 28.29% | 28.29% | 30.02% | 31.58% | 34.37% | 35.89% |
| Public | 71.69% | 71.68% | 69.94% | 68.38% | 65.59% | 64.06% |
| Employee Trusts | 0.02% | 0.03% | 0.04% | 0.04% | 0.04% | 0.04% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 28.29% | 34.37% | 37.68% | 39.24% | 39.23% | 42.05% | 38.64% | 38.43% | 38.30% | 38.97% | 38.97% |
| Public | 71.69% | 65.59% | 62.25% | 60.66% | 60.64% | 57.95% | 61.35% | 61.57% | 61.70% | 61.03% | 61.03% |
| Employee Trusts | 0.02% | 0.04% | 0.06% | 0.10% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Promoter change (YoY, %pts) | -6.08 | -3.31 | -1.56 | +0.01 | -2.82 | +3.41 | +0.21 | +0.13 | -0.67 | +0.00 | - |
Board & Governance of Hfcl Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Hfcl Limited has 7 directors - 4 independent and 1 executive. The board is chaired by Mahendra Nahata.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Mahendra Nahata | Executive Director · MD · Chairperson | 1987-05-11 | 1 |
| Arvind Kharabanda | Non-Executive - Non Independent Director | 2004-10-31 | 1 |
| Ranjeet Mal Kastia | Non-Executive - Non Independent Director | 1996-02-07 | 2 |
| Bharat Pal Singh | Non-Executive - Independent Director | 2020-01-21 | 1 |
| Ajai Kumar | Non-Executive - Independent Director | 2021-11-25 | 5 |
| Bela Banerjee | Non-Executive - Independent Director | 2024-12-17 | 1 |
| Anil Narendra Shah | Non-Executive - Independent Director | 2026-01-21 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Bharat Pal Singh (Chairperson), Ajai Kumar (Chairperson), Arvind Kharabanda, Bela Banerjee, Anil Narendra Shah |
| Nomination and remuneration committee | Ajai Kumar (Chairperson), Bharat Pal Singh, Arvind Kharabanda, Bela Banerjee |
| Stakeholders Relationship Committee | Arvind Kharabanda (Chairperson), Ranjeet Mal Kastia, Bela Banerjee |
| Risk Management Committee | Mahendra Nahata (Chairperson), Arvind Kharabanda, Bharat Pal Singh, Anil Narendra Shah |
Group Structure of Hfcl Limited
Hfcl Limited has 7 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The corporate group structure reflects Hfcl Limited's business expansion strategy and organizational complexity.
| 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 Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jul 2025 | Others | ₹60 Cr | Open |
| 18 Jun 2025 | Others | ₹26.66 Lakh | Open |
| 26 Mar 2025 | Others | ₹50 Lakh | Open |
| 03 Feb 2025 | Others | ₹375 Cr | Open |
| 28 Jan 2025 | Others | ₹270 Cr | Open |
Total charge records: 104 View all charges
Employees and EPFO Compliance at Hfcl Limited
Hfcl Limited has a workforce of 2,336 employees as of Oct 10, 2025.
Employee Count & EPFO Data of Hfcl Limited
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GST Compliance of Hfcl Limited
GSTIN & GST Filing Data of Hfcl Limited
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Credit Ratings, Litigation & Regulatory Alerts for Hfcl Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Hfcl Limited
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MSME Payment Delays by Hfcl Limited
MSME Payment Delays by Hfcl Limited
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Subsidiaries & Group Companies of Hfcl Limited
Subsidiaries & Group Companies of Hfcl Limited
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MCA Filings & Documents of Hfcl Limited
MCA Filings & Documents of Hfcl Limited
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Recent Activity on Hfcl Limited
Recent News on Hfcl Limited
Frequently Asked Questions about Hfcl Limited
Hfcl Limited 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 Limited reported revenue of ₹3,856.12 Cr for FY 2025 (down 7.63% YoY).
The current directors of Hfcl Limited are:
- Mahendra Nahata
- Ranjeet Mal Kastia
- Ajai Kumar
- Vijay Raj Jain
- Manoj Baid
- Bharat Pal Singh
- Bela Banerjee
- Arvind Kharabanda
The primary industry of Hfcl Limited is telecom. The company specifically operates in telecom equipment and tech solutions. The company is currently active in this sector.
Yes. Hfcl Limited is listed on both BSE (code: 500183) and NSE (symbol: HFCL).
Hfcl Limited can be reached at the registered office: 8 Electronics Complex Chambaghat Solan, Himachal Pradesh, Himachal Pradesh, India – 173213, or through the website hfcl.com.