Current view Q4 2026
Makes internet fibre cables. AI data-centre demand brought a record $1.1 billion export order and doubled profit. Real driver - but management chronically misses deadlines and the stock's pricey.
Latest exchange filings last 5 · 5 after Q4 2026
- 15 Sep ’26HFCL asks physical shareholders to furnish PAN, KYC, nomination and dematerialize shares. ↗
- 14 Sep ’26HFCL approves ₹820 crore expansion, taking total planned capex to ₹1,800 crore for fiber capacities. ↗
- 14 Sep ’26HFCL approves ₹820 crore expansion, raising total capex to ₹1,800 crore for fiber, cable and preform capacity. ↗
- 11 Sep ’26Pursuant to Regulation 30 read with Para A of Part A of Schedule III to the SEBI Listing Regulations, we wish to inform you that … ↗
- 11 Sep ’26HFCL will attend investor meetings with Jefferies, Nomura and Arihant Capital on Sep 18, 23 and 29, 2026. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +127.7% | +50.6% | +1.4% | +2.3% |
| Operating profit | ▲ +948.6% | +37.7% | +7.5% | +7.3% |
| EPS | ▲ +308.9% | +82.8% | −2.2% | +1.9% |
| PAT | ▲ +321.7% | +80.4% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +127.7%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Poor25/100
Earnings are shrinking, not growing. Profit per share fell 2% a year over the window measured. Nothing compounds from here until that turns, whatever the price does.
No forward view — earnings are not compounding, so there is nothing to project.
Multiple moved without the earnings — the return sits in sentiment.
How this is calculated
Band capped: earnings are not growing over the measured window.
Growth rate used: -2.2% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Telecom · 6 of 9 listed
These are the industry's largest names rather than companies of its own size, so the columns are worth reading straight across — a ranking against them would only be restating the size gap.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| HFCL | ₹220 | 58.7× | ₹33,635 Cr | 10.8% | +809.1% | +119.8% |
| Indus Towers | ₹377 | 13.9× | ₹99,432 Cr | 19.5% | +0.5% | +4.6% |
| Altius Telecom | ₹176 | 42.3× | ₹53,482 Cr | 8.6% | +65.5% | −0.1% |
| Pace Digitek | ₹156 | 11.2× | ₹3,365 Cr | 21.4% | +13.2% | +51.3% |
| Bondada Engineer | ₹275 | 14.1× | ₹3,072 Cr | 39.4% | +38.2% | +24.0% |
| GTL Infra. | ₹1 | — | ₹1,486 Cr | — | +129.9% | −2.2% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | wider, but it has moved around a lot | operating margin 15% → 22% over 3 years |
|---|---|---|
| Did the profit turn into cash? | very little of it arrived as cash | -44% last year, 19% over three · free cash flow −₹723 cr, positive in 1 of 5 years |
| Is the growth borrowed? | lightly borrowed | ₹1,896 cr — 0.39× its own equity (was 0.37×) |
| Is it being collected? | collection is steady | 163 days to collect, down 7 in a year · cash cycle 218 days |
| Who has been buying? | the promoters have been selling | promoters 28.3% (−3.3 in a year), 37.8% → 28.3% over 2.8 years · FIIs 15.7% (+8.0) · DIIs 10.9% (−3.1) · shareholders 5,89,482 → 7,32,721 |
| What does it earn on its capital? | earns little on its capital | ROCE 10.8% · ROE 7.0% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is expected to give good quarter
Against it
- Stock is trading at 6.72 times its book value
- The company has delivered a poor sales growth of 2.27% over past five years.
- Company has a low return on equity of 6.82% over last 3 years.
- Dividend payout has been low at 8.89% of profits over last 3 years
- Company has high debtors of 163 days.
- Promoter holding has decreased over last 3 years: -11.0%
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.