HFCL Ltd
NSE:HFCL

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HFCL Ltd
NSE:HFCL
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Price: 106.5 INR -0.69% Market Closed
Market Cap: ₹153.6B

P/S

3.9
Current
40%
More Expensive
vs 3-y average of 2.8

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
3.9
=
Market Cap
₹100.9B
/
Revenue
₹39.3B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
3.9
=
Market Cap
₹100.9B
/
Revenue
₹39.3B

Valuation Scenarios

HFCL Ltd is trading above its 3-year average

If P/S returns to its 3-Year Average (2.8), the stock would be worth ₹76.14 (29% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-43%
Maximum Upside
No Upside Scenarios
Average Downside
34%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 3.9 ₹106.5
0%
3-Year Average 2.8 ₹76.14
-29%
5-Year Average 2.2 ₹60.91
-43%
Industry Average 2.6 ₹71.96
-32%
Country Average 2.6 ₹71.22
-33%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
₹100.9B
/
Jan 2026
₹39.3B
=
3.9
Current
₹100.9B
/
Mar 2026
₹74.4B
=
1.4
Forward

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

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
IN
HFCL Ltd
NSE:HFCL
154.6B INR 3.9 296.4
US
Verizon Communications Inc
NYSE:VZ
196.6B USD 1.4 11.4
US
AT&T Inc
NYSE:T
179.3B USD 1.4 8.4
DE
Deutsche Telekom AG
XETRA:DTE
132.2B EUR 1.1 13.8
CN
China Telecom Corp Ltd
SSE:601728
547.2B CNY 1.1 16.7
JP
Nippon Telegraph and Telephone Corp
TSE:9432
12.5T JPY 0.9 11.6
SG
Singapore Telecommunications Ltd
SGX:Z74
74.8B SGD 5.3 12.1
FR
Orange SA
PAR:ORA
46.6B EUR 1.2 86.7
SA
Saudi Telecom Company SJSC
SAU:7010
189.1B SAR 2.4 12.8
AU
Telstra Group Ltd
F:5KB
37B EUR 2.7 27.2
CH
Swisscom AG
SIX:SCMN
34B CHF 2.3 26.9

Market Distribution

In line with most companies in India
Percentile
65th
Based on 2 983 companies
65th percentile
3.9
Low
0 — 1.5
Typical Range
1.5 — 4.6
High
4.6 —
Distribution Statistics
India
Min 0
30th Percentile 1.5
Median 2.6
70th Percentile 4.6
Max 56 363.4

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 51%
Intrinsic Value
Price ₹106.5
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