NSE: HFCL · BSE: 500183 · ISIN INE548A01028
HFCL Limited stock analysis
HFCL Limited ranks #1744 in the TickerSutra evidence-ranked universe with a score of 51/100 and 95% data confidence. The latest captured fundamentals show ROCE of 10.9%, quarterly sales growth of 119.8% and quarterly profit growth of 809.1%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
Risks and constraints
- CFO/EBITDA is below 0.6×
- Extreme base-effect growth requires manual validation
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹4,727cr | ₹650cr | ₹326cr | 14.0% |
| 2023 | ₹4,743cr | ₹619cr | ₹318cr | 13.0% |
| 2024 | ₹4,465cr | ₹582cr | ₹338cr | 13.0% |
| 2025 | ₹4,065cr | ₹449cr | ₹173cr | 11.0% |
| 2026 | ₹4,949cr | ₹764cr | ₹329cr | 15.0% |
| TTM | ₹5,993cr | ₹1,146cr | ₹604cr | 19.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
RoutineAnalyst/Investor Meet Para A-XBRLNSE · 26 Sept 2026 · Structured filingHFCL LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
HFCL LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
Open original XBRL sourcePublic Notice by way of Advertisement in Newspapers - Special Window for re-lodgment of Transfer requests of Physical Shares in reference to SEBI Circular dated January 30, 2026
RoutineHFCL Ltd - 500183 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNSE · 26 Sept 2026Pursuant to Regulation 30 read with Para A of Part A of Schedule Ill to the SEBI Listing Regulations, we wish to inform you that the management of the Company will be participating virtually ....
RoutineCopy of Newspaper PublicationNSE · 26 Sept 2026HFCL Limited has informed the Exchange about Public Notice by way of Advertisement in Newspapers - Special Window for re-lodgment of Transfer requests of Physical Shares in reference to SEBI Circular dated January 30, 2026
RoutineGeneral UpdatesNSE · 18 Sept 2026HFCL Limited has informed the Exchange about Intimation of ESG rating by Niche Ninety Nine Capability and Certifications (OPC) Private Limited
MANAGEMENT COMMENTARY
Signals from filed documents
More importantly, this reflects a structural enhancement in the quality of our business led by various initiatives taken by the Company over last few years. A higher contribution from technology-led products, increasing exports, improved product mix, operating leverage and our continued focus on innovation are collectively driving stronger profitability. Our objective is not merely to grow revenues but to build a bus
Similarly, the expansion of our Optical Fibre Cable manufacturing capacity from 34 million fibre kilometres to 43 million fibre kilometres and expansions of Infrastructure for data centre connectivity solutions are also progressing as planned and are expected to be commissioned within the targeted timelines. As you know that the Board has already approved for setting up of greenfield preform manufacturing facility of
We will continue to scale our Defence & Aerospace business into a major growth platform. We will continue to invest in innovation, advanced technologies and differentiated products. We will continue to deepen our relationships with customers across India and global markets.
We are also encouraged by the increasing confidence shown by our customers, business partners and the investment community. Over the last few quarters, several reputed domestic and global institutional investors have become shareholders of HFCL. We sincerely welcome their confidence in the Company.
Our long-term aspiration is to build a Defence & Aerospace business which, over the coming years, has the potential to become nearly comparable in scale to HFCL's current overall business. Given the opportunities before us, the capabilities we have developed and the policy support for indigenous defence manufacturing, we remain confident that this business will emerge as one of the most important pillars of HFCL's fu
As you know that the Board has already approved for setting up of greenfield preform manufacturing facility of 300 MT per annum with a capital outlay of Rs.580 crores as high level backward integration for further strengthening our supply chain with incremental fibre manufacturing capacities. These capacity expansions have been aligned with the orders in hand and increasing global demand and will further strengthen o
Today, we are beginning to see the benefits of these investments. The business has developed a healthy product pipeline, customer engagements have expanded considerably, and we are witnessing increased interest across both domestic and international markets. The proposed acquisition of aerostructure business will expand HFCL's participation in the global aerospace value chain opening doors for many more opportunities
These are some NDAs and company confidential. But yes, as I said, margin profile will not go down because better price realization from the customers, better value -added products and quite a significant part o f preform price not increasing. And whatever increase is there will be offset by the more value -added products and better price realization.
But as on today, make is 30% cheaper than buy. So raw material costs would go down for preform to that percentage. HFCL Limited July 22, 2026 Page 18 of 28 In the fiber, 70% cost is preform.
The second question which I have is on the new pillars of growth, which you al luded to, which is the Defence & Aerospace business. If you could give us some kind of visibility in terms of any product approvals that have been achieved in the defence business? And second, in the aerospace business by, let's say, FY28 or '29, and defence business, what kind of execution or top line do you think that we would be able to
Manik Mahajan: Congrats on the good set of numbers. The first thing I wanted to understand was with respect to your comment on the margin and the margin guidance of 20%, you mentioned that for the... Mahendra Nahata: Your voice -- can you just be near the microphone and say that again?
Dear Sir(s)/ Madam, This is further to our earlier announcement dated July 22, 2026. In terms of Regulation 30 read with Para A of Part A of Schedule III to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 , we hereby submit Transcript of the Conference Call held on July 22, 202 6, on the Un-audited Financial Results of the Company for the 1st Quarter ende
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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