HFCL Ltd
NSE:HFCL

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HFCL Ltd
NSE:HFCL
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Price: 105.89 INR -0.75% Market Closed
Market Cap: ₹152.7B

EV/S

3.8
Current
43%
More Expensive
vs 3-y average of 2.7

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
3.8
=
Enterprise Value
₹97.1B
/
Revenue
₹39.3B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
3.8
=
Enterprise Value
₹97.1B
/
Revenue
₹39.3B

Valuation Scenarios

HFCL Ltd is trading above its 3-year average

If EV/S returns to its 3-Year Average (2.7), the stock would be worth ₹74.09 (30% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-41%
Maximum Upside
+71%
Average Downside
6%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 3.8 ₹105.89
0%
3-Year Average 2.7 ₹74.09
-30%
5-Year Average 2.2 ₹62.11
-41%
Industry Average 6.5 ₹181.2
+71%
Country Average 2.9 ₹80.46
-24%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
₹97.1B
/
Jan 2026
₹39.3B
=
3.8
Current
₹97.1B
/
Mar 2026
₹74.4B
=
1.3
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
IN
HFCL Ltd
NSE:HFCL
153.9B INR 3.8 294.7
US
Verizon Communications Inc
NYSE:VZ
198.6B USD 2.3 11.5
US
AT&T Inc
NYSE:T
177.7B USD 2.4 8.5
DE
Deutsche Telekom AG
XETRA:DTE
129.5B EUR 2 13.5
CN
China Telecom Corp Ltd
SSE:601728
548.1B CNY 0.9 16.6
JP
Nippon Telegraph and Telephone Corp
TSE:9432
12.5T JPY 1.3 11.6
SG
Singapore Telecommunications Ltd
SGX:Z74
76.1B SGD 5.9 12.2
FR
Orange SA
PAR:ORA
46.6B EUR 1.8 86.6
SA
Saudi Telecom Company SJSC
SAU:7010
189.1B SAR 2.4 12.8
AU
Telstra Group Ltd
F:5KB
37.2B EUR 3.3 27.4
CH
Swisscom AG
SIX:SCMN
34B CHF 3.2 27.1

Market Distribution

In line with most companies in India
Percentile
61th
Based on 2 864 companies
61th percentile
3.8
Low
0 — 1.6
Typical Range
1.6 — 5
High
5 —
Distribution Statistics
India
Min 0
30th Percentile 1.6
Median 2.9
70th Percentile 5
Max 55 686.2

HFCL Ltd
Glance View

HFCL Ltd., once known as Himachal Futuristic Communications Limited, narrates a compelling narrative of resilience and innovation within the telecommunications landscape. Born in the hustle and bustle of the Indian tech boom, HFCL carved its niche by providing a gamut of products ranging from optical fiber cables to advanced telecommunications equipment. This diversification extends to system integration, prominently engaging in the design, development, and implementation of communication networks. The company has embraced the digital era, strategically positioning itself in fiber-to-the-home (FTTH) networks and other cutting-edge technologies that promise faster, more reliable internet connections. At the heart of HFCL's operations is its adeptness in generating revenue through its two-pronged business model. The first path is direct sales of its telecommunications hardware and planned network systems, where they cater to national and global telecom operators, and traditional corporate entities seeking robust communication solutions. The second stream revolves around turnkey services, positioning HFCL not merely as a supplier, but as an end-to-end solutions provider. By leveraging its expansive manufacturing capabilities and in-depth domain expertise, the company orchestrates complex projects from start to finish. As digital connectivity remains an unyielding demand across sectors, HFCL stands poised, adeptly bridging technology and seamless connectivity for its diverse clientele.

HFCL Intrinsic Value
52.64 INR
Overvaluation 50%
Intrinsic Value
Price ₹105.89
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