Rs 10,410 Crore Order Book: Telecom Infra Company Bags New Order Worth USD 6.91 Million and Domestic Order of Rs 17.02 For Optical Fiber Cables
Despite a 1-year return of -8.39 per cent, the stock has gained 38.28 per cent over the past 3 years.
HFCL Limited, a leading telecom infrastructure and equipment company, has announced the receipt of significant new orders worth approximately Rs 76.21 crores. The orders comprise an export contract valued at USD 6.91 million (around Rs 59.19 crores) from an overseas telecommunications firm and a domestic purchase order of Rs 17.02 crores from ITI Limited, a government-backed public sector unit in India. Both contracts are for the supply of various types of optical fiber cables. The export order is scheduled for execution by September 2025, while the domestic order is set to be completed by June 2025. These orders reinforce HFCL’s strong manufacturing capabilities and its reputation in the global and Indian markets.
As of May 16, 2025, the stock of HFCL Limited is trading at Rs 88.5. It has touched a 52-week high of Rs 161.75 and a low of Rs 74.12 during the same period. Despite a 1-year return of -8.39 per cent, the stock has gained 38.28 per cent over the past 3 years. With a market capitalisation of Rs 12,768 crore and a price-to-earnings (PE) ratio of 35.03, HFCL is considered a Mid-Cap stock. Major public shareholders include Reliance Strategic Business Ventures Limited with a 3.36 per cent stake and Reliance Ventures Limited holding 1.57 per cent.
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HFCL, also known as Himachal Futuristic Communications Limited, has a diversified business portfolio spanning telecom infrastructure development, system integration, and the manufacturing of telecom and defense equipment, including optical fiber and optical fiber cables. The company operates across two primary segments: Telecom Products and Turnkey Contracts and Services. In the first nine months of FY25, its Telecom Products segment reported a 24 per cent year-on-year growth in revenue, while the Turnkey Contracts and Services segment saw a 15 per cent decline. HFCL earns 89 per cent of its revenue from the Indian market and serves more than 100 clients in over 45 countries. As of Q3 FY25, the company holds a robust order book of Rs 10,410 crores, with a large portion derived from government contracts.
Order Book Update: As of December 2024, the company’s order book stands at Rs 10,410 crore. Out of the total order book, Government orders are worth Rs 8,527 crore and private company orders are worth Rs 1,883 crore.
In line with its strategic goals, HFCL has opted to pause its European expansion project and instead focus on servicing European customers through its Indian manufacturing units. This move is expected to optimise cost-efficiency while meeting international demand effectively.
Disclaimer: The article is for informational purposes only and not investment advice.