HFCL Share Price Target 2024-2030 Fundamentals & Quarterly Results

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HFCL Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – HFCL Ltd (Himachal Futuristic Communications Limited) is a varied telecom infrastructure enabler with active telecom infrastructure development, system integration, and manufacture and supply of high end telecom equipment, Optical Fiber and Optic Fiber Cable (OFC) interests.HFCL Share Price Target

Latest Update – HFCL declared its Q1 report on 24th July, 2024, it has grown to a great level, adding 16.38% YoY. Similarly, with an increase of 63.74% YoY, the profitability has also increased tremendously.

HFCL Overview

HFCL Ltd became a public limited company on May 11, 1987, and it was known at the time as Himachal Futuristic Communications Limited. The name was later changed to HFCL Limited on May 15, 2019. Telecom infrastructure in general is what the company is involved in development, integration, production and supply of high quality telecom equipment and Optical Fiber Cable (OFC).

Company NameHFCL (Himachal Futuristic Communications Limited)
ListedNSE & BSE
HFCL Head OfficeCommercial Complex, 8 Masjid Moth, Part 2, Greater Kailash, New Delhi, Delhi 110048
Board Of Director
  • Mahendra Nahata (Managing Director)
  • Arvind Kharabanda (Non-Executive Director)
  • Surendra Singh Sirohi (Independent Director)
  • Tamali Sengupta (Independent Director)
  • Ranjeet Mal Kastia (Non-Executive Director)
  • Ajai Kumar (Independent Director)
  • Bharat Pal Singh (Independent Director)
Official Websitehfcl.com

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HFCL Business Profile

HFCL has been in existence for thirty years and has been working hard to develop competitive products while at the same time coming up with state of the art solutions for service providers around the world. HFCL specializes in the manufacturing of telecommunication equipment, optical fiber cables, and intelligent power systems.

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Product

The company’s product portfolio incorporates indoor and outdoor WIFI, ONTs, optical fiber cables (OFC), PCL splitters, Ethernet, cloud-based network management systems, Finolex, and other items in large quantities.

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Sectors Served

With its wide array of products & services, the company serves Telecom, defense, railways, utilities and security & surveillance networks both in Private and government sector.

Order Book

During Q3FY24, the book of orders was 7678 Cr, an increase of 5280 Cr compared to the same period last year. 5733 Cr (75%) of the total book is accounted for by Govt, while 1945 Cr (25%) comes from Private sector. Network services accounts for 5180 Cr (67%) of the total book in terms of services while 2051 Cr(27%) belongs to O&M and lastly Products accounts for 447 Cr (6%).

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Manufacturing Capabilities

The order book was 7678 crore in Q3FY24, an increase from 5280 crore in Q3 of the previous year. 75% of the total order book value is from government (5733 crore), while the rest 25% is from the private sector (1945 crore) Network services take up 67 percent of the sales revenue (5180 crore), O & M takes up 27% (2051 crore) , and Products contribute only 6%. (447 crore).

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Expansion

HFCL plans to increase its current capacity for OF from 12.00 million fkm to 33.90 million fkm and Optical Fibre Cable (OFC) from 25.08 million fkm to 35 million fkm during FY23 to FY25. In NCR, it is constructing a new facility intended to produce telecom and network items specifically. By constructing this plant, HFCL is looking at making revenues of between Rs.800crore and Rs.1000crore by the end of FY25, contrasted with Rs.122crore made by its old product list as at December 23 in current portfolio this amount was earned only through their old set of products – this means only with that product line (in old revenue of HFCL Dec ’23)

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Focus on R&D

HFCL is spreading product innovation through tech-centric R&D in Bangalore, Gurugram and Hyderabad. Products under developments like 5G Indoor and Outdoor FWA & CPE, 5G radio 8T8R, Software-defined radios, round surveillance radars, etc.

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Subsidiaries

• HTL Limited
• Polixel Security Systems Private Limited
• Moneta Finance Private Limited
• HFCL Advance Systems Private Limited
• Raddef Private Limited
• Dragon Wave HFCL India Private Limited
• HFCL Technologies Private Limited
• HFCL Inc and
• HFCL B.V

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HFCL Fundamentals & Quarterly Results

MetricValue
Market Cap₹ 18,332 Cr.
Current Price₹ 127
High / Low₹ 130 / 61.5
Stock P/E55.6
Book Value₹ 27.4
Dividend Yield0.16%
ROCE13.3%
ROE9.34%
Face Value₹ 1.00
Debt to Equity0.25
Debt Capacity0.00
Debt preceding year₹ 936 Cr.
Debt₹ 991 Cr.
Reserves₹ 3,812 Cr.
EPS₹ 2.29
EPS last year₹ 2.29
Pledged percentage44.5%
FCF Prev Ann₹ -105 Cr.
EVEBITDA27.8
Industry PE38.2
PEG Ratio6.71
Piotroski score3.00
Earnings yield3.17%
Sales growth 5Years-1.18%

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HFCL Quarterly Results

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales (₹ Cr)2,1313,2274,7383,8394,4234,7274,7434,465
Expenses (₹ Cr)1,9442,9444,3203,3463,8734,0774,1253,884
Operating Profit (₹ Cr)187283418493550650619582
OPM %9%9%9%13%12%14%13%13%
Other Income (₹ Cr)21244022313747102
Interest (₹ Cr)626492115175166152147
Depreciation (₹ Cr)2223274269788382
Profit before tax (₹ Cr)124220339358337442431454
Tax %0%22%32%34%27%26%26%26%
Net Profit (₹ Cr)124172232237246326318338
EPS (₹)0.991.351.731.771.862.272.182.29
Dividend Payout %0%4%6%0%8%8%9%9%

CAGR Report

Metric10 Years5 Years3 YearsTTM (Trailing Twelve Months)
Compounded Sales Growth8%-1%0%-6%
Compounded Profit Growth4%8%11%10%
Stock Price CAGR22%44%33%82%
Return on Equity (ROE)15%12%11%9%

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HFCL Shareholding Pattern

Shareholder TypeMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Promoters (%)38.9738.3038.4338.6442.0539.2339.2437.69
FIIs (%)3.576.394.475.122.186.666.777.66
DIIs (%)7.032.571.361.270.081.872.785.68
Public (%)50.4352.7455.7454.9655.6952.1151.1248.91
Others (%)0.000.000.000.000.000.120.100.06
No. of Shareholders2,37,4162,42,0022,28,2772,17,5562,51,1326,28,7525,90,6927,29,536

HFCL Share Price Target 2024-2030 Forecast

YearInitial TargetMid year TargetYear End Target
2024₹100₹110₹118
2025₹121₹135₹150
2026₹154₹170₹180
2027₹190₹220₹247
2028₹260₹300₹337
2029₹410₹450₹500
2030₹550₹630₹675

HFCL Share Price Target 2025

MonthsTarget Prices
January121
February123
March125
April121
May117
June113
July118
August123
September128
October131
November134
December150

HFCL Share Price Target 2026

MonthsTarget Prices
January154
February158
March150
April141
May150
June155
July160
August163
September170
October173
November170
December180

HFCL Share Price Target 2027

MonthsTarget Prices
January182
February175
March170
April175
May185
June195
July205
August190
September220
October230
November240
December247

HFCL Share Price Target 2028

MonthsTarget Prices
January260
February250
March240
April235
May250
June270
July285
August300
September293
October315
November325
December337

HFCL Share Price Target 2029

MonthsTarget Prices
January347
February330
March325
April335
May350
June375
July390
August370
September384
October400
November450
December500

HFCL Share Price Target 2030

MonthsTarget Prices
January519
February530
March502
April515
May529
June550
July540
August560
September573
October600
November639
December675

Official Website hfcl.com

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