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HFCL

Small Cap | Infrastructure Developers & Operators

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About HFCL

History of HFCL

In 1987, Himachal Futuristic Communications Limited was established by Mahendra Nahata, Dr Deepak Malhotra, and Vinay Maloo, marking one of India's early private-sector telecom companies. The IT trio became one of the pioneers in the new-age telecom sector in India, establishing one of India’s first private telecom companies. It officially became a public limited company in May 1987, based in Himachal Pradesh. HFCL strategically established manufacturing facilities within India to produce optical fibre cables, optical transport systems, power electronics, and broadband equipment for worldwide distribution. The company provided comprehensive solutions to both government projects in India and private sector clients on a global scale. Since its inception, HFCL has consistently expanded its hardware integration efforts in telecommunications. In 1995, the company's substantial ₹85,000 crore ($25 billion) bid for a basic services license in India played a pivotal role in driving the growth of the country's telecom industry. HFCL, in conjunction with its subsidiary HTL Limited, has emerged as one of India's leading manufacturers of FTTH (Fiber-to-the-Home) cables, boasting an annual production capacity of 6 lakh kilometres. Notably, the company's new FTTH plant has solidified its status as the largest optical fibre manufacturer in India. In 2018, HFCL inaugurated its optical fibre manufacturing unit in Hyderabad. Currently, the company stands as one of the primary telecom project service providers for Reliance Jio, actively engaged in the rollout of 4G optical fibre cable (OFC) network services across Northern India.

Business Segments

HFCL encompasses several key business segments:
  1. Fibre and Fibre Optic Cables: HFCL offers an extensive selection of top-tier fibre and fibre optic cables meticulously tailored to meet diverse network requirements. These solutions are highly customisable and interoperable and are promptly delivered on a global scale.
  2. Telecommunication Products: Within this domain, HFCL provides both wired and wireless access solutions, all adhering to open standards. These offerings are entirely customisable, catering to networks' unique needs, whether small, medium, or large in scale. They facilitate end-to-end connectivity seamlessly.
  3. Defence: HFCL has the capacity to design and deliver bespoke products and solutions for defence services, various institutions, and projects of national security significance. These tailored offerings play a crucial role in safeguarding the nation.
  4. Passive Networking Components: In this segment, HFCL focuses on constructing cutting-edge, high-bandwidth networks. The company achieves this by offering a diverse array of connectivity solutions, ensuring that its clients are prepared for the future of networking.
HFCL has the following subsidiaries:
  • HFCL Advance Systems
  • Moneta Technologies
  • HTL Limited
It entered into partnerships with:
  • Wipro Limited: Collaborated in May 2022 to develop 5G transport products for global and Indian network service providers.
  • Microsoft: Teamed up in March 2023 to create converged private 5G solutions using IoT, Cloud, Edge Computing, AI, and Analytics for various industry sectors.
HFCL has entered into joint ventures with:
  • HFCL-Nine Broadcasting Pvt. Ltd.: Formed in 2000 with Publishing and Broadcasting Ltd.
  • CPH and HFCL: Established two joint venture firms in 2021, one for software products and services and the other for B2B e-commerce.
  • Global defence electronics manufacturer: In 2000, it partnered to expand the manufacturing of defence electronics and communication systems in India.

Key Personnel

  • Mahendra Nahata, MD
Mahendra Nahata currently serves as the Managing Director and Executive Director at HFCL Ltd. Additionally, he holds the role of Non-Executive Chairman and Managing Director at HTL Ltd. (India), a subsidiary of HFCL Ltd. In his past professional endeavours, Mr. Nahata held the position of Chairman at Quadrant Televentures Ltd. He also served as the President of the Telecom Equipment Manufacturers Association of India and was a Member of the Council of Scientific & Industrial Research.

Management Outlook

  • The rollout of 5G networks is significantly increasing the need for high-speed connectivity. OFC infrastructure plays a vital role in enabling seamless data transmission over long distances, making it essential for HFCL's growth.
  • The intensifying digital transformation, coupled with the rise of 5G, is boosting the demand for OFC. Its enhanced security, reliability, and bandwidth make it the preferred choice for various applications compared to traditional copper cables.
  • Submarine cables are crucial for global internet connectivity. Initiatives like the Arctic fibre optic cable network highlight the industry's commitment to improving data transmission efficiency, aligning with HFCL's strategic goals.
  • Advancements in optical technology, including couplers, switches, and all-optical networks, enhance communication capabilities and drive market growth, aligning with HFCL's commitment to innovation.
  • The expansion of data centres, supported by tech giants like Google, Amazon, and Microsoft, relies heavily on robust fibre cabling. This expansion reinforces the link between data centre growth and HFCL's optical fibre cable market expansion.

Parent Organisation
HFCL
Managing Director
None
Founded
1987
NSE Symbol
HFCL

Peer Comparision

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Community Discussion

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AngelOne
12th April 2024
HFCL Secures Rs 64.93 Crore Order, Total Order Book Stands at Rs 7678 Crore Amidst the chaos, one stock managed to gain nearly 2% on Friday: HFCL. Despite the market sell-off, HFCL experienced a rally. What could be the reason behind this surge? On Friday, the Indian markets experienced a downturn, with the Nifty 50 and Sensex both declining by nearly 1%. This decline was primarily driven by a sell-off in Nifty Pharma and Nifty Media sectors, leading to all sectors trading in the red. The broader markets also slipped into negative terrain, further deteriorating the market breadth. Out of the total stocks, 724 were advancing, while 1380 stocks were declining. Amidst the chaos, one stock managed to gain nearly 2% on Friday: HFCL. Despite the market sell-off, HFCL experienced a rally. What could be the reason behind this surge? HFCL’s Positive News The reason behind HFCL’s rally lies in its recent developments. The company, along with its material subsidiary, HTL Limited, secured purchase orders worth Rs 64.93 crores for the supply of Optical Fiber Cables to a leading private telecom operator in the country. This news comes as a significant boost, especially considering that the company’s total order book stood at Rs 7678 crores as of December 31, 2023. About HFCL HFCL Limited, formerly known as Himachal Futuristic Communications Limited, has been in operation since 1987. It specializes in the manufacturing of Optical Fiber (OF), Optical Fiber Cables (OFC), Cable Accessories, and High-End Telecom Transmission and Access Equipment. The company is renowned for providing turnkey solutions to various sectors including telecom service providers, railways, defense, smart city, and surveillance projects. HFCL is a leading manufacturer of Optical Fiber Cables (OFC) in India and is a significant player in turnkey OFC projects. Additionally, HFCL is a major contributor to the Government of India’s BharatNetProgramme. Revenue Breakdown In the third quarter of FY24, HFCL’s revenue contribution was as follows: 89% from public communication, 8% from defense, and 3% from railways. This diversification highlights the company’s resilience across different sectors. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. Angel One HFCL Share Price - HFCL Stock Price Live NSE/BSE | Angel One HFCL Share Price - Get HFCL Live BSE,NSE stock price with latest research reports, balance sheet, stock price history and stock analysis at Angel One.
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AngelOne
19th January 2024
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AngelOne
19th January 2024
HFCL marks a milestone as the first Indian company to secure a groundbreaking order for 5 networking equipment The strategic win underscores HFCL’s commitment to designing and manufacturing high-tech telecom equipment within India’s borders. In a significant development, HFCL Limited, a prominent technology enterprise and a leading provider of next-gen communications solutions, has clinched a momentous purchase order worth Rs 623 crore. This substantial order, received on January 19, 2024, is notable for being the first of its kind, positioning HFCL as the inaugural Indian company to secure such a substantial contract for 5G networking equipment. The strategic win underscores HFCL’s commitment to designing and manufacturing high-tech telecom equipment within India’s borders. Market Context The global 5G last-mile equipment market is projected to soar to USD 68 billion by 2030, as estimated by industry experts. HFCL’s strategic focus on developing a comprehensive portfolio of 5G networking equipment aligns seamlessly with this burgeoning market. This transformative move is set to play a pivotal role in meeting the escalating demand for 5G technology, with a projected Compound Annual Growth Rate (CAGR) of 48.3%, according to a recent report by Future Market Insights. Strategic Vision and Innovation HFCL’s recent achievement is a testament to its strategic vision, emphasizing the transition from projects to margin-accretive products. The company has been proactively launching new products, expanding its customer base, and reaching out to new geographies. Mahendra Nahata, the Managing Director of HFCL, affirmed that this strategy is paying off, positioning HFCL for further growth in 2024 amidst India’s prominent role in the global 5G rollout. Company Overview HFCL, with its strong emphasis on innovation, has positioned itself as a frontrunner in the technology landscape. Specializing in digital networks for telecom, enterprises, and governments, HFCL’s robust Research and Development (R&D) capabilities, global system integration services, and expertise in fibre optics have contributed to delivering cutting-edge digital network solutions. The company’s diverse product range includes premium-quality Optical Fibre and Optical Fibre Cables, 5G Radio Access Network (RAN) products, WiFi systems, Unlicensed Band Radios, Switches, Routers, and defence electronics products. Recent Highlights and Transformative Initiatives HFCL’s recent accomplishments extend beyond this groundbreaking order. The company had earlier secured a landmark order valued at Rs. 1,127 crore to revolutionize Bharat Sanchar Nigam Limited’s (BSNL) Optical Transport Network (OTN). This transformative initiative, in collaboration with NOKIA Network, highlights HFCL’s commitment to delivering cutting-edge solutions that surpass industry standards. The BSNL project involves a comprehensive network upgrade, addressing the demands of Enterprise and FTTH/Broadband services, and positioning BSNL for the seamless launch of 4G and anticipated 5G services. The strategic endeavour includes the deployment of state-of-the-art optical technology, with a projected outcome of empowering BSNL with a data capacity of 12 terabytes, meeting data needs for the next decade. Conclusion HFCL’s recent order of Rs 623 crore for 5G networking equipment reinforces its position as a key player in the telecom and technology landscape. Being the first Indian company to secure such a substantial order is a testament to HFCL’s commitment to technological innovation, indigenous manufacturing, and strategic vision. As the company continues to ride the wave of India’s 5G rollout and technological evolution, HFCL remains poised for further growth and profitability in the dynamic market. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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AngelOne
1st January 2024
HFCL Limited bags new order worth Rs 1,127.27 crore for BSNL’s optical transport network Last week the company announced its foray into defence sector through its 90% owned subsidiary, Raddef Private Limited, specializing in cutting-edge radar solutions. HFCL Limited is carving a two-pronged path to progress, leaving its mark on both India’s digital infrastructure and its defence capabilities. On one hand, they have secured a mega Rs. 1127.27 crore deal from BSNL to revamp their nationwide optical transport network. This crucial upgrade will not only cater to the surging data demands of BSNL’s customers but also pave the way for their 4G launch and future 5G rollout. HFCL will be the driving force behind this transformation, designing, supplying, and commissioning the network across India, solidifying its position as a trusted partner in communication infrastructure advancement. Meanwhile, HFCL is making waves in the defence tech space through its subsidiary Raddef. They are unveiling a range of cutting-edge surveillance radars for enhanced military and security operations. These high-tech systems boast several advantages like high accuracy, low power consumption, and resistance to interference. Utilizing FMCW technology, they go beyond border security, offering applications in weather forecasting, navigation, and even drone detection. Their versatility extends to diverse variants and portable designs, making them deployable in challenging terrains. But HFCL’s ambition doesn’t stop there. Their research and development are actively exploring an array of innovative radar solutions, including weather radars, threat emulators, and coastal surveillance systems. This dedication to innovation positions them as a key player in the booming global surveillance radar market, projected to reach $12 billion by 2030. HFCL’s dual focus on digital highways and defence frontiers showcases its commitment to driving India’s progress. Financial Performance In Q2FY24, the company posted a 5.28% decline in its consolidated revenue at Rs 1,111.49 crore compared to Rs 1,1173.47 crore from the previous year’s corresponding quarter. The operating profit of the company stood at Rs 149.77 crore, while the PAT of the company stood at Rs 69.53 crore, from Rs 84.34 crore last year in the same quarter. Business Overview HFCL Limited (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high-end telecom equipment, Optical Fiber and Optic Fiber Cable (OFC). Stock Price Movement Today, the stock opened at Rs 86.00, with a high and low of Rs 88.59 and Rs 85.59, respectively. The stock is currently trading at Rs 86.77, which increased by 3.10%. The stock has a 52-week high of Rs 88.59 and a 52-week low of Rs 55.75. The stock has shown impressive growth, and investors should keep a close eye on this stock. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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Hfcl Ltd FAQs

Hfcl Ltd (HFCL) share price as of July 25, 2024, on NSE is Rs 117.95 (NSE) and Rs 117.95 (BSE) on BSE.
Yes, You can buy Hfcl Ltd (HFCL) shares by opening a Demat account with Angel One.
Hfcl Ltd (HFCL) share can be bought through the following modes:
1. Direct investment: You can buy Hfcl Ltd (HFCL) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Hfcl Ltd (HFCL) shares.
The main business of HFCL (Himachal Futuristic Communications Limited) is to manufacture state-of-the-art telecom equipment and provide customised network solutions. HFCL’s product offerings include fiber and fiber optic cables, telecommunication products, defence services, and passive networking components.
Some of the key promoters of HFCL include MN Ventures Private Limited, NextWave Communications Private Limited, Fitcore Tech-Solutions Pvt. Ltd., Mahendra Nahata, Anant Nahata, Vinsan Brothers (P) Ltd., and Shanker Sales Promotion (P) Ltd.
Some of the subsidiaries that come under HFCL are HTL Limited, Polixel Security Systems Private Limited, Moneta Finance Private Limited, HFCL Advance Systems, Raddef Private Limited, DragonWave HFCL India Private Limited, HFCL Technologies, HFCL B.V. Netherlands, and HFCL Inc. USA.
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