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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
HFCL Limited is an India-based global technology company. The Company delivers communication and networking products and solutions globally across the telecom, defense, and railways sectors. Its business segments include manufacturing of telecom products, executing turnkey…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, priced for perfection — but flagged on governance.
HFCL is scored on the general / industrial framework. It keeps a slim 6.6% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -1.15×) — worth a closer look. Free cash flow is worth about -2.2% of its market value.
Over the last 3 years revenue compounded at 2%/yr and profit at 1%/yr. Book value itself has compounded 16%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 15.4%. In the latest quarter profit grew 60% versus the prior quarter.
At 99× earnings, the stock sits at the 91st percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price implies ~16%/yr earnings growth for a decade. The forensic screen raises a red flag: Only ₹0.18 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 34.7 | 17.5 | worse |
| P/B | 5.69 | 3 | worse |
| EV/EBITDA | 20.91 | 11.02 | worse |
| ROE | 15.36 | 15.44 | worse |
| ROCE | 19.81 | 18.24 | better |
| ROA | 9.11 | 7.23 | better |
| Quick Ratio | 1.57 | 1.3 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Indus Towers | 14.2 | 2.5 | 18.0% |
| Tejas Networks | -9.1 | 2.9 | -32.3% |
| PACE Digitek | 9.9 | 1.4 | 13.9% |
2% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
The latest year saw a +90% swing — check if it's a one-off or structural.
Operating margins have been stable around 9% — no major structural shift.
ROE at 7% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
-1% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 32% sequentially — momentum is building. Wide quarterly swings (52% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 47% above earlier ones.
Profit jumped 60% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (8% → 15%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold just 28.3% — widely held; sentiment-driven. FII stake up 9.8pp over 4 quarters — growing foreign interest.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.