HFCL Share Price

HFCL Ltd.

An India-based technological company, HFCL Limited, designs, manufactures, and assembles fibre optical cables and other telecommunication products and electronics.

The business is based in Gurugram, India, and its securities are listed in the NSE and BSE. Its businesses include Cable Fibre, Textiles, Railways, Security, and Telecommunication.

About HFCL Limited and HFCL share price history

India has a company called Himachal Futuristic Communication Limited, a public limited firm that was started in 1987. HFCL is involved in telecom infrastructure, enabling and integrating telecom infrastructure and manufacturing sophisticated telecom gear and OFC.

In the last thirty years of its operation, HFCL has also set up new ventures, such as CDMA and GSM, satellite communication, wireless spectrum, and DWDM Optical transmission network. It has also offered advanced, value-added, cost-effective solutions and products in the advanced, value-added telecommunications structure industry.

The company’s primary focus is to support the new and fast-growing markets in defence, innovative city technologies, rail, and homeland security. Government plans like Made in India, Digital Security, Defense Self-Sufficiency, Railway Modernisation, and Smart Cities have accelerated HFCL's growth.

As per the latest HFCL share news, it has accumulated knowledge due to years of service provision in the telecom infrastructure niche. It is suitable for developing robust telecom networks in various terrains, including India, which is crucial because of the country’s geographical conditions. Recently, HFCL has diversified its business line in producing defence products and systems to undertake railway communication and signalling system solutions.

Technology industry overview

A telecommunications technology business based in India designs develops, and produces electronics, fiber-optic cables, and equipment. The sector is expanding due to increased internet usage and digital initiatives. More than 1.1 billion people use telecoms in India, and the need for 5G technology further boosts the industry.

Himachal Futuristic Communications Ltd, Tejas Networks, and Sterlite Technologies are a few notable businesses. The industry exhibits strong growth potential when innovation and infrastructure expansion are prioritised.

HFCL Limited Competitors

Below is the list of HFCL Limited competitors summarised with HFCL share price NSE in mind.

• Larsen & Toubro Ltd
• Rail Vikas Nigam Ltd
• GMR Airports Infrastructure Developers Ltd
• IRB Infrastructure Developers Ltd
• NBCC (India) Ltd

HFCL share dividend history

• 1987: HFCL was incorporated on May 11 as a public limited company in Himachal Pradesh. Promoted by Dr. Deepak Malhotra, Mahendra Nahata, and Vinay Maloo. Started manufacturing Analog and Digital Subscriber/Carrier Systems. Entered technical collaborations with Seiscor Technologies Inc., USA, and Philips Kommunikation Industries AG, Germany.
• 1988: Issued shares at par, including reserved shares for promoters.
• 1990: Issued rights shares and additional shares while HFCL share price target in mind to retain oversubscription. Introduced new products and implemented backward integration to reduce costs.
• 1991: Promoted Himachal Telematics Ltd. and Microwave Communication Ltd. for manufacturing and radio paging services.
• 1993: Issued right equity shares at a premium. Allotted shares to Secured India Investment Fund BV and others.
• 1994: Expanded into manufacturing Digital Microwave Radios, Cellular handsets, and Optical Line Terminal Equipment. Acquired Kaldev Trader & Investment Ltd. and planned to amalgamate Himachal Telematics Ltd.
• 1996: Introduced cellular radios and turnkey telecom solutions.
• 1997: Launched India's first indigenously manufactured mobile phone and pagers—bagged contracts for telecom projects.
• 1998: Entered the information technology business, focusing on telecom software solutions.
• 1999: Forayed into software exports and bagged internet backbone and telecom services contracts.
• 2000: Acquired a stake in jaldi.com and formed joint ventures with global companies for various telecom services.
• 2001: Allied with Cisco Systems Inc. and implemented private networks for Punjab's e-governance.
• 2002: Awarded a World Bank-funded project for national radio spectrum management.
• 2003: Restructured business and converted foreign currency bonds into equity shares.
• 2004: Continued conversion of foreign currency bonds into equity shares.
• 2005: Signed a significant contract with Reliance Infocomm.
• 2010: Formed a joint venture with Dragonwave Inc.
• 2012: Clarified partnership with RIL for 4G launch.
• 2014: Appointed Mr. Rajiv Sharma as Nominee Director of IDBI Bank Limited.
• 2016: Subsidiary HTL Limited started commercial production of Optical Fibre Cables in Chennai.
• 2018: Entered defence manufacturing and established an Optical Fibre plant in Telangana.
• 2019: Acquired the remaining stake in DragonWave HFCL India, making it a wholly-owned subsidiary. Changed company name to HFCL Limited.
• 2020: Started commercial production of FTTH cables at a new facility in Hyderabad.
• 2021: Launched Wi-Fi 6 products and partnered with Qualcomm Technologies to develop Wi-Fi 6 and 5G.
• 2022: Partnered with Qualcomm for 5G products and launched Wi-Fi 7 Access Points. Bagged significant contracts and collaborations.

Company Profile – Strengths and Weaknesses

Strengths

• Growth in Quarterly Net Profit with boosting Profit Margin (YoY)
• Increasing profits every quarter for the past 3 quarters along with HFCL share price.
• Consistent Highest Return Stocks over Five Years - Nifty500
• Company with Low Debt

Weaknesses

• Net cash flow is declining
• PE is higher than industry PE

The financials

Shareholding pattern of HFCL Limited

Here is the shareholding pattern of HFCL Limited:

• Promoters: 39.23%
• FII: 6.66%
• DII: 1.87%
• Public: 52.23%
• Others: 0.01%

Peer Comparison