HFCL share price target 2022, 2023, 2024, 2025, and 2030. This article provides an in-depth fundamental analysis of HFCL, which is one of the biggest telecommunication equipment manufacturing companies in India.
Along with fundamentals we are going to discuss about HFCL share price target 2022, 2023, 2024, 2025, and 2030. But before going to know about the share price target you need to know about the business model and fundamentals of the company then only you can confidently hold the stock for the long term.
This article will help you evaluate is HFCL better for investment. But before I proceed, please note that our analysis is only for educational purposes and not to provide stock tips. This article is to empower you with the right knowledge so that you can make an informed investment decision.
HFCL share price target: Company profile
HFCL manufactures telecommunication equipment, optical fiber cables, and intelligent power systems. HFCL has implemented over 25,000 2G/3G cell sites and rolled out over 1,00,000 kilometers of optical fiber cable networks for telecommunication companies, railways, gas & oil industry, and high-security applications as required by the defense and internal security establishments.
HFCL is focused on serving new growth opportunities like railways, smart homes, smart cities, and defense.
Also read: Top 10 5G stocks for long term.
Customers of HFCL
- JIO.
- Tata .
- Airtel.
- Vodafone IDEA.
- Nokia.
- BSNL.
- Railtel.
- L & T.
- Indian oil.
- HP petroleum.
- Bharat electonics.
- ITI limited.
- Bharat petroleum.
- Gail.
- Powergrid.
HFCL’s customer base is very strong, almost every customer of HFCL is a big company.
The reason why HFCL is the best stock for the long term is, HFCL plays a major role in optical fibers, due to the adoption of the new 5G technology HFCL will benefit a lot from it.
Products & services
Products
- Optical fiber cables.
- Telecom equipment.
- Electronics.
Services
- Telecom networks.
- Railways telecom networks.
- Safe & smart cities.
HFCL offers its products and services in four major sectors, which are telecom, defense, railway, and security & surveillance.
Offerings in telecom sector
- Optical fibre.
- Optical fibre cables.
- WI-FI products.
- High capacity radio relay.
- Switches.
- Passive connectivity solutions.
- Routers.
- Passive optical network.
- 5G small cell & 5G macro radio unit.
Also read: Top 10 stocks below Rs 500 for long term.
Offerings in defence sector
- Night vision devices, electronic fuses.
- OFC and optical transport network.
- Fiber monitoring and management systems.
- Routing network.
- Microwave radio backhaul solutions.
- Ground surveillance radar.
- Uncooled engines core.
- Software defined radio.
Offerings in railway sector
- Passenger information display system.
- Fiber optic transmission system.
- CCTV video surveillance system.
Offerings in security & surveillance sector
- Video management system.
- Video analytics.
- Automatic number plate recognition.
- Red light violation detection system.
HFCL stock price movement
HFCL share price target 2022
HFCL is currently trading at 72 rupees, ICICI securities also given a buy signal on HFCL with a target price of 92 rupees. According to our research and analysis, the HFCL share price target for 2022 is 85 rupees, which is an 18% upside from the current price. HFCL share has given a return of 1.5% in last month, 23.6% in the last 3 months, 48.8% in the last 6 months, and a whopping 298% in the last year. HFCL has given multi-bagger returns to its investors in the last year and the company will continue to give stellar returns even in the future.
Also read: How to select stocks for investment in India.
| HFCL Share Price Target 2022 |
| Share Price Target is Rs 85 |
HFCL share price target 2023
If you want to hold a little longer then HFCL share price target for 2023 is 106 Rupees. We would suggest you to hold HFCL for the long term. Because the company has a very good future due to the evolution of 5G technology and the support from the government through PLI schemes. Optical fiber will be used while setting up 5G towers which is manufactured and supplied by the HFCL.
| HFCL Share Price Target 2023 |
| Share Price Target is Rs 106 |
HFCL share price target 2024
If you want to hold a little longer then the HFCL share price target for 2024 is 128 rupees. We would suggest you to hold it for the long term because HFCL plays a key role in the 5G theme and has a stronger customer base, almost all the leading companies in the telecom sector like Jio, Airtel, and Vodafone Idea are the customers of HFCL.
| HFCL Share Price Target 2024 |
| Share Price Target is Rs 128 |
HFCL share price target 2025
If you want to hold for 4 to 5 years then the HFCL share price target for 2025 is 154 rupees. Recently HFCL has come up with a new, dedicated R&D center this year that will help HFCL to enrich its product portfolio, and develop next-gen 5G compatible products and system integration services.
HFCL is also looking to develop anti-drone technologies, contributing to the market of smart coaches to smart cities.
HFCL has shipped 1 lakh Wi-Fi products within a few months of production commencement and the 1.5 lakh units mark was reached by the end of FY21.
| HFCL Share Price Target 2025 |
| Share Price Target is Rs 154 |
HFCL share price target 2030
| HFCL Share Price Target 2030 |
| Share Price Target is Rs 262 |
HFCL has given 56% returns in the past 3 years, and 45.6% returns in the past 5 years. But we are confident that HFCL will give good returns for the long term.
Due to heavy demand, HFCL was increasing the optical fiber and optical fiber cable manufacturing capacities by 20-25% and also in the process of setting up a greenfield facility for manufacturing defense equipment.
Under union budget 2021-22, the government allocated rupees 14,200 crores for telecom infrastructure that entails completion of optical fiber cable-based network for defense services, rolling out broadband in additional 2.2 lakh gram panchayats, and improving mobile services in the North-East.
So we are very confident that HFCL will perform better in the coming years, HFCL share price target for 2030 is Rs 262.
If you want to hold a stock for more than 5 years or 10 years or even more you need to have that confidence to hold even in panic situations. If you have a good understanding of the company, its business, and the future growth opportunities or future outlook of its business then you will have the confidence to hold even in panic situations that is the reason why we have shared about the company, about the opportunities of the company and fundamentals of the company along with the target price so that you can have good understanding and confidence about the company.
HFCL share price target 2022, 2023, 2024, 2025, and 2030
The reason why we are suggesting HFCL for the long term with a target price of 262 rupees by 2030 is due to the new era of 5G technology as well as the company will benefit a lot from the PLI schemes provided by the government of India. The government has announced a PLI scheme to boost the domestic manufacturing in telecom and networking products by incentivizing incremental investments and turnover with a total outlay of rupees 12,195 crores.
HFCL is also eligible for the PLI scheme under the Non-MSME category.
| Year | Target |
|---|---|
| HFCL Share Price Target 2022 | RS 85 |
| HFCL Share Price Target 2023 | RS 106 |
| HFCL Share Price Target 2024 | RS 128 |
| HFCL Share Price Target 2025 | RS 154 |
| HFCL Share Price Target 2030 | Rs 262 |
HFCL Share Price Target 2022, 2023, 2024, 2025, and 2030
- HFCL share price target 2022 – Rs 85.
- HFCL share price target 2023 – Rs 106.
- HFCL share price target 2024 – Rs 128.
- HFCL share price target 2025 – Rs 154.
- HFCL share price target 2030 – Rs 262.
HFCL share price target: In-depth information about HFCL
HFCL Sales growth
HFCL profit growth
HFCL ROE
HFCL ROCE
Also read: 5 Important financial ratios.
Financials
| PARTICULARS | HFCL |
|---|---|
| Market cap | 9,805 Cr |
| P/E | 31.81 |
| P/B | 4.87 |
| ROE ( 5 years ) | 13.3% |
| ROCE ( 5 years ) | 17.38% |
| Sales growth ( 5 years ) | 9.83% |
| Profit growth ( 5 years ) | 8.18% |
| Debt to equity | 0.43 |
Profit & loss
| PARTICULARS | HFCL ( FY 2021 ) |
|---|---|
| Net sales | 4,105 Cr |
| Profit before tax | 295 Cr |
| Net profit | 222 Cr |
| Adjusted EPS | 1.74 |
Shareholding pattern
| PARTICULARS | HOLDING % |
|---|---|
| Promoters | 41.89% |
| Public | 53.52% |
| FII | 3.96% |
| DII | 0.63% |
Conclusion
In this article, we have provided the fundamental analysis of HFCL along with the HFCL share price target 2022, 2023, 2024, 2025, and 2030. HFCL may or may not reach the target price we have given but one thing is clear, HFCL has a lot of opportunities in the future and the government is also supporting telecom companies by providing various schemes. HFCL will benefit a lot from the evolution of 5G technology.
Do hold it for the long term if you are confident about the company and its business.
Also read: Basic stock valuation methods.
Frequently asked questions
Is HFCL a good buy for long term?
HFCL is a good buy for the long term. HFCL will have a very good advantage by the 5G evolution and urbanization. Almost all big companies in India like Jio, Airtel, and Vodafone Idea are the customers of HFCL. HFCL is also increasing its fiber optic cable manufacturing capacity by 20 to 25% to meet the demand in the future.
Is it good to invest in HFCL?
Yes, it is good to invest in HFCL. HFCL has given a return of 298% in the last year and the company will continue to give even in the future. Due to urbanization and 5G evolution the company will benefit a lot from it. The government is also supporting telecom companies by introducing various schemes. Due to urbanization, the use of optical fibers will increase a lot which is positive for the HFCL.
Is HFCL a debt free company?
No, HFCl is not a debt-free company. HFCL has a debt of 802 crore rupees with a debt to equity ratio of 0.43.
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