India's largest optical fibre cable maker, also building telecom equipment, defence electronics and EPC networks.
Price
Market Cap
Sector
Telecommunication
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 128 | 128 | 137 | 138 | 144 | 144 | 144 | 153 |
| Reserves | 1.5k | 1.8k | 2.7k | 3.0k | 3.8k | 3.9k | 4.0k | 4.7k |
| Borrowings | 734 | 942 | 783 | 936 | 991 | 1.5k | 1.6k | 1.7k |
| Other Liabilities | 1.4k | 2.4k | 1.6k | 1.4k | 1.5k | 1.9k | 2.2k | 2.2k |
| Total Liabilities | 3.8k | 5.2k | 5.2k | 5.5k | 6.5k | 7.5k | 8.0k | 8.9k |
| AssetsFixed Assets | 504 | 508 | 528 | 548 | 652 | 852 | 1.5k | 1.6k |
| CWIP | 34 | 36 | 108 | 268 | 469 | 602 | 112 | 85 |
| Investments | 58 | 41 | 55 | 70 | 194 | 158 | 178 | 135 |
| Other Assets | 3.2k | 4.6k | 4.5k | 4.6k | 5.2k | 5.9k | 6.2k | 7.0k |
| Total Assets | 3.8k | 5.2k | 5.2k | 5.5k | 6.5k | 7.5k | 8.0k | 8.9k |
For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.
HFCL · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.