HFCL Ltd
NSE:HFCL
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EV/S
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.
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.
Valuation Scenarios
If EV/S returns to its 3-Year Average (2.7), the stock would be worth ₹74.09 (30% downside from current price).
| 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
|
= |
|
|
₹97.1B
|
/ |
Mar 2026
₹74.4B
|
= |
|
Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.
Peer Comparison
| 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 |
T
|
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
| Min | 0 |
| 30th Percentile | 1.6 |
| Median | 2.9 |
| 70th Percentile | 5 |
| Max | 55 686.2 |
Other Multiples
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.