HFCL share price today

HFCL Ltd's share price was ₹228.16 at the close on 4 November 2026. It has been rising for 27 weeks. That is 27.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹61 and ₹261, and at that close it sat 83% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today HFCL Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row.

Over the last 11 years the share price moved +1,242% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: best operating margin in 16 quarters, highest quarterly profit in 16 quarters and highest quarterly revenue in 16 quarters.

1. Best operating margin in 16 quarters

   Operating margin was 25% in the September 2026 quarter, against 18% a year earlier.

   Why: Profit left after running costs rose because the company sold more data centre connectivity and higher capacity cables, where it says few suppliers compete, and it made more parts in house.

   Next results: check whether the interim preform plan starts cutting costs and Germanium supplier arrangements move ahead.

   From the earnings call on 19 Oct 2026.

2. Highest quarterly profit in 16 quarters

   Profit of ₹394 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Profit rose because the company sold more data centre connectivity and cables, and it made more parts in house to keep more of each sale.

   Next results: check whether connectivity sales keep growing and whether certified products for inside data centres move beyond first shipments.

   From the earnings call on 19 Oct 2026.

3. Highest quarterly revenue in 16 quarters

   Revenue of ₹2,542 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Revenue rose because the company sold more optical fibre cable and data centre connectivity, with demand spreading beyond North America.

   From the earnings call on 19 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), HFCL reported revenue of ₹2,542 crore, up 143.7% from ₹1,043 crore a year earlier, and a profit of ₹394 crore, up 447.2% from ₹72.0 crore.

HFCL results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

HFCL's management discussed these results on a call held on 19 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

HFCL closed at ₹228.16 on 4 November 2026, up 204.7% from ₹74.87 a year earlier (7 November 2025) and up 200.4% over five years. Its highest weekly close since February 2016 was ₹261.30 on 9 October 2026.

HFCL share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

565 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: HFCL closed at ₹228.16, down 1.4% on the week and down 4.1% on the month. 19 Oct 2026: HFCL held its results call for July to September 2026. Management guided: FY27 consolidated revenue growth of at least 80% over FY26; ₹10,000 crore revenue milestone may arrive well before FY29.

Earlier

• Results for July to September 2026: Revenue up 143.7% and profit up 447.2% on a year earlier.
• 22 Sep 2026: ex-date for a dividend of ₹0.20 a share.

HFCL paid ₹0.20 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.09% at the ₹228.16 close on 4 November 2026. The last was a dividend of ₹0.20 a share, ex-date 22 September 2026.

HFCL dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. HFCL Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in 8 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 19 October 2026, HFCL's management guided: FY27 consolidated revenue growth of at least 80% over FY26; ₹10,000 crore revenue milestone may arrive well before FY29.

“Friends, I want to emphasize that we do not see this quarter as a peak, but as the sustained phase of strong growth.”Mahendra Nahata, on the call for July to September 2026

What management guided

• Defence revenue: ₹500-600 crore this year, at least ₹2,000 crore next year and around ₹5,000 crore within three years; aerospace acquisition expected to close this quarter.
• Fibre capacity moves from 28 million to 34 million, then 43 million; cable from 34 million to 63 million; interim own-preform solution from Q1 calendar 2027 and 600-ton facility due October 2028.
• Connectivity revenue above ₹800 crore this year and ₹2,000 crore next year; sequential growth expected next quarter.
• Overall margins expected to improve, without a numerical goal.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 19 October 2026.

When HFCL reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Check whether connectivity sales extend their recent growth and whether certified in-data-centre products move beyond initial shipments.

HFCL is on 3 of our India lists: Momentum stocks, Small & mid cap stocks and AI & data centre stocks.

HFCL Ltd earned ₹394 Cr of net profit in the Sep 2026 quarter, +447.2% on the same quarter a year earlier. Full-year FY26 profit was ₹329 Cr. Over 10 years profit has grown 7.7% a year on average. That is 15.5% of the quarter's revenue. The same quarter a year earlier earned ₹72.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

2 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹329 Cr (+90.2% on the year before).

HFCL Ltd reported ₹2,542 Cr of revenue in the Sep 2026 quarter, +143.7% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 5.6% a year on average. The last full year, FY26, came in at ₹4,949 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹7,492 Cr.

FY26 revenue was ₹4,949 Cr, +21.7% on the year before.

Recent pace: the last four quarters grew +102.8% on average, against 5.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +101.0%, against +27.5% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +2,706.1%, against +57.1% a year (accelerating).

HFCL Ltd's operating margin was 25.0% in the Sep 2026 quarter, 7.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 8.0% and 15.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +6.6 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years HFCL Ltd's operations used more cash than they brought in, so cash conversion was −3%, a gap worth watching. In FY26 its operations used ₹378 Cr of cash, against ₹329 Cr of profit. After ₹405 Cr of spending on assets, free cash was −₹783 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −3% of profit came in as cash: the cash cycle got 200 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 200 days longer. The next section looks at where the cash is stuck.

HFCL Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 218 days in FY26, up from 18 days in FY21. It spent ₹1,231 Cr on assets over the last 3 years. Customers take 163 days to pay, and stock sits for 191 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,949 Cr, each day of that cycle ties up about ₹13.6 Cr, so roughly ₹2,956 Cr is tied up in the business at any time.

FY26: customers took 163 days to pay and stock sat for 191 days, about 6.3 months of sales sitting as stock, for a full cycle of 218 days, longer than FY21's 18.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 191 days. Customers pay about 163 days after that. Suppliers are paid at 136 days. Together that makes the 218-day cycle.

Spending on assets: ₹1,231 Cr over the last 3 years, against ₹345 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹486 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

HFCL Ltd's P/E is 40.3×, near the high end of its own history: higher than 80% of past readings. Its usual P/E (the middle reading) is 28.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.