HFCL Limited
HFCL Limited manufactures and sells telecom products in India and internationally. The company offers optical fiber cables, such as underground, aerial, microduct, FTTH, and micromodule cables; telecommunication products, including unlicensed band backhaul radios, Wi-Fi access points, routers, managed switches, antennas, network management solutions, and 5g product portfolio; defence product comp… Read more
HFCL Limited (HFCL) - Net Assets
Latest net assets as of September 2025: ₹41.79 Billion INR
Based on the latest financial reports, HFCL Limited (HFCL) has net assets worth ₹41.79 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹79.59 Billion) and total liabilities (₹37.81 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹41.79 Billion |
| % of Total Assets | 52.5% |
| Annual Growth Rate | 6.33% |
| 5-Year Change | 114.16% |
| 10-Year Change | 282.45% |
| Growth Volatility | 63.74 |
HFCL Limited - Net Assets Trend (2004–2025)
This chart illustrates how HFCL Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HFCL Limited (2004–2025)
The table below shows the annual net assets of HFCL Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹41.19 Billion | +2.99% |
| 2024-03-31 | ₹40.00 Billion | +27.22% |
| 2023-03-31 | ₹31.44 Billion | +11.56% |
| 2022-03-31 | ₹28.18 Billion | +46.53% |
| 2021-03-31 | ₹19.23 Billion | +15.29% |
| 2020-03-31 | ₹16.68 Billion | +16.53% |
| 2019-03-31 | ₹14.32 Billion | +23.79% |
| 2018-03-31 | ₹11.57 Billion | +19.77% |
| 2017-03-31 | ₹9.66 Billion | -10.35% |
| 2016-03-31 | ₹10.77 Billion | +12.46% |
| 2015-03-31 | ₹9.58 Billion | +50.97% |
| 2014-03-31 | ₹6.34 Billion | +253.94% |
| 2013-03-31 | ₹1.79 Billion | +45.88% |
| 2012-03-31 | ₹1.23 Billion | +330.09% |
| 2011-03-31 | ₹-533.93 Million | +75.22% |
| 2010-03-31 | ₹-2.15 Billion | -112.42% |
| 2009-03-31 | ₹17.35 Billion | -3.11% |
| 2008-03-31 | ₹17.90 Billion | +12.19% |
| 2007-03-31 | ₹15.96 Billion | +4.78% |
| 2006-03-31 | ₹15.23 Billion | +34.14% |
| 2005-03-31 | ₹11.35 Billion | +0.00% |
| 2004-03-31 | ₹11.35 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to HFCL Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2745900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹22.42 Billion | 54.96% |
| Common Stock | ₹1.44 Billion | 3.54% |
| Other Comprehensive Income | ₹1.87 Billion | 4.59% |
| Other Components | ₹15.06 Billion | 36.92% |
| Total Equity | ₹40.79 Billion | 100.00% |
HFCL Limited Competitors by Market Cap
The table below lists competitors of HFCL Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dime Community Bancshares, Inc. 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034
NASDAQ:DCOMG
|
$966.41 Million |
|
Shenzhen Noposion Agrochemicals Co Ltd
SHE:002215
|
$966.86 Million |
|
PENNANT GROUP DL -001
F:1ZU
|
$966.88 Million |
|
MY EG Services Bhd
KLSE:0138
|
$966.89 Million |
|
Life Healthcare Group Holdings
PINK:LTGHY
|
$965.94 Million |
|
Diversified Energy Company plc
NYSE:DEC
|
$965.92 Million |
|
BORR DRILLING NEW DL -10
F:B2W
|
$965.06 Million |
|
Guangdong Alpha Animation and Culture Co Ltd
SHE:002292
|
$964.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HFCL Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 39,555,400,000 to 40,791,500,000, a change of 1,236,100,000 (3.1%).
- Net income of 1,774,100,000 contributed positively to equity growth.
- Dividend payments of 288,400,000 reduced retained earnings.
- Share repurchases of 108,600,000 reduced equity.
- New share issuances of 108,600,000 increased equity.
- Other comprehensive income decreased equity by 409,300,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.77 Billion | +4.35% |
| Dividends Paid | ₹288.40 Million | -0.71% |
| Share Repurchases | ₹108.60 Million | -0.27% |
| Share Issuances | ₹108.60 Million | +0.27% |
| Other Comprehensive Income | ₹-409.30 Million | -1.0% |
| Other Changes | ₹159.70 Million | +0.39% |
| Total Change | ₹- | 3.12% |
Book Value vs Market Value Analysis
This analysis compares HFCL Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.54x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.06x to 2.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹8.91 | ₹71.74 | x |
| 2005-03-31 | ₹8.91 | ₹71.74 | x |
| 2006-03-31 | ₹12.04 | ₹71.74 | x |
| 2007-03-31 | ₹12.63 | ₹71.74 | x |
| 2008-03-31 | ₹14.17 | ₹71.74 | x |
| 2009-03-31 | ₹13.73 | ₹71.74 | x |
| 2010-03-31 | ₹-1.71 | ₹71.74 | x |
| 2011-03-31 | ₹-0.42 | ₹71.74 | x |
| 2012-03-31 | ₹0.97 | ₹71.74 | x |
| 2013-03-31 | ₹1.45 | ₹71.74 | x |
| 2014-03-31 | ₹5.12 | ₹71.74 | x |
| 2015-03-31 | ₹7.73 | ₹71.74 | x |
| 2016-03-31 | ₹8.69 | ₹71.74 | x |
| 2017-03-31 | ₹7.78 | ₹71.74 | x |
| 2018-03-31 | ₹9.25 | ₹71.74 | x |
| 2019-03-31 | ₹11.45 | ₹71.74 | x |
| 2020-03-31 | ₹12.86 | ₹71.74 | x |
| 2021-03-31 | ₹14.92 | ₹71.74 | x |
| 2022-03-31 | ₹21.26 | ₹71.74 | x |
| 2023-03-31 | ₹22.53 | ₹71.74 | x |
| 2024-03-31 | ₹27.95 | ₹71.74 | x |
| 2025-03-31 | ₹28.28 | ₹71.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HFCL Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.36%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.85x
- Recent ROE (4.35%) is above the historical average (3.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -29.41% | -31.68% | 0.33x | 2.85x | ₹-4.43 Billion |
| 2005 | -31.42% | -31.47% | 0.35x | 2.85x | ₹-4.66 Billion |
| 2006 | -67.86% | -86.62% | 0.31x | 2.55x | ₹-11.84 Billion |
| 2007 | -4.80% | -5.38% | 0.33x | 2.72x | ₹-2.36 Billion |
| 2008 | -18.82% | -56.44% | 0.13x | 2.50x | ₹-5.16 Billion |
| 2009 | -36.10% | -159.59% | 0.08x | 2.81x | ₹-8.00 Billion |
| 2010 | 0.00% | 71.32% | 0.24x | 0.00x | ₹3.95 Billion |
| 2011 | 0.00% | 11.76% | 0.05x | 0.00x | ₹157.59 Million |
| 2012 | 9.30% | 4.38% | 0.15x | 14.32x | ₹-8.57 Million |
| 2013 | 28.53% | 8.43% | 0.49x | 6.96x | ₹332.17 Million |
| 2014 | 74.06% | 23.26% | 1.22x | 2.60x | ₹4.06 Billion |
| 2015 | 33.82% | 12.69% | 1.40x | 1.90x | ₹2.28 Billion |
| 2016 | 14.45% | 5.41% | 1.25x | 2.14x | ₹478.82 Million |
| 2017 | 12.75% | 5.77% | 0.94x | 2.36x | ₹265.21 Million |
| 2018 | 14.58% | 5.20% | 1.25x | 2.25x | ₹527.52 Million |
| 2019 | 15.25% | 4.64% | 1.43x | 2.29x | ₹757.44 Million |
| 2020 | 13.62% | 5.92% | 1.00x | 2.29x | ₹604.07 Million |
| 2021 | 12.47% | 5.40% | 0.85x | 2.72x | ₹473.79 Million |
| 2022 | 11.19% | 6.62% | 0.91x | 1.85x | ₹332.80 Million |
| 2023 | 9.69% | 6.35% | 0.87x | 1.76x | ₹-97.84 Million |
| 2024 | 8.34% | 7.39% | 0.69x | 1.64x | ₹-657.44 Million |
| 2025 | 4.35% | 4.36% | 0.54x | 1.85x | ₹-2.31 Billion |
Industry Comparison
This section compares HFCL Limited's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $6,187,500,974
- Average return on equity (ROE) among peers: 1.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HFCL Limited (HFCL) | ₹41.79 Billion | -29.41% | 0.90x | $966.03 Million |
| Aksh Optifibre Limited (AKSHOPTFBR) | $3.75 Billion | 5.77% | 0.55x | $6.30 Million |
| Astra Microwave Products Limited (ASTRAMICRO) | $683.35 Million | 53.61% | 1.31x | $810.40 Million |
| Avantel Limited (AVANTEL) | $662.40 Million | 23.15% | 0.31x | $222.42 Million |
| Birla Cable Limited (BIRLACABLE) | $1.87 Billion | 11.65% | 0.85x | $16.37 Million |
| D-Link (India) Limited (DLINKINDIA) | $1.86 Billion | 6.84% | 0.67x | $60.68 Million |
| GTL Infrastructure Limited (GTLINFRA) | $29.00 Billion | -13.04% | 4.52x | $148.08 Million |
| ITI Limited (ITI) | $16.47 Billion | -26.04% | 2.32x | $298.19 Million |
| KAVDEFENCE (KAVDEFENCE) | $868.37 Million | 7.38% | 0.42x | $14.58 Million |
| Kavveri Telecom Products Limited (KAVVERITEL) | $532.58 Million | -59.18% | 11.08x | $9.13 Million |