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HFCL (HFCL) Fair Value & Analysis

Technology · Market cap ₹313B

H HFCL HFCL · NSE
Price₹204.59
Fair Value₹40.74
Upside-80.1%
Quality58/100
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Evidence: High Range ₹26.04 – ₹46.84

Fair value as of: Jul 3, 2026

From 17 valuation models · updated today

Share price +7.7% over the past month.

Price vs Fair Value (12 months)

₹215.00 ₹60.95 Fair Value ₹40.74 Jul 2025 Jul 2026

12‑month range ₹60.95 – ₹215.00 · fair‑value band ₹26.04 – ₹46.84 · the ₹204.59 price screens above the ₹40.74 fair value. As of Jul 3, 2026.

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Analysis

HFCL (HFCL) currently trades at ₹204.59, while our model-based Fair Value estimate is ₹40.74 — implying the stock looks roughly 80.1% overvalued today. We read business quality at 58/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, HFCL generated revenue of ₹49.5B at a net margin of 6.3%. Revenue grew 127.8% year over year. It earns a return on equity of 7.3%. Net debt stands at ₹12.8B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹49.5B
Revenue growth (YoY) +128%
Net margin 6.3%
Return on equity 7.3%
Free cash flow −₹8.2B FY2026
P/E ratio 96.5
More key figures
Operating margin 14.8%
EPS (TTM) ₹2.12
Dividend yield 0.1%
EPS growth (YoY) +31.4%
Net debt ₹12.8B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

HFCL reported revenue of ₹49.5B in FY2026 versus ₹47.3B in FY2022, a compound +1.2%/yr. Reported net income was ₹3.1B in FY2026, compounding −0.1%/yr from FY2022.

Revenue +1.2%/yr
FY22 ₹47.3B
FY23 ₹47.4B
FY24 ₹44.7B
FY25 ₹40.6B
FY26 ₹49.5B
Net income −0.1%/yr
FY22 ₹3.1B
FY23 ₹3.0B
FY24 ₹3.3B
FY25 ₹1.8B
FY26 ₹3.1B

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6 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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Frequently asked questions

Is HFCL (HFCL) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹40.74 versus a price of ₹204.59 — about −80% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HFCL?
Our model-based fair value for HFCL is ₹40.74 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹204.59.
What is the quality score of HFCL?
HFCL has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of HFCL (HFCL)?
HFCL reported trailing-twelve-month revenue of about ₹49.5B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of HFCL?
The net profit margin of HFCL is about 6.3%, meaning it keeps roughly 6.3% of revenue as net income. Based on the latest reported figures.
Does HFCL pay a dividend?
HFCL currently shows a dividend yield of about 0.09% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.