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HFCL Valuation Multiples
Discover revenue and EBITDA valuation multiples for HFCL and similar public comparables like Preformed Line Products, Datang Telecom Group, Bittium, Invisio and more.
HFCL Overview
About HFCL
HFCL Ltd is an Indian manufacturer and exporter of optical fiber cables and broadband equipment for the telecommunication industry. Firm business segments include Telecom Products and Turnkey Contracts Services. The Telecom Product segment produces optical fiber cable, optical fiber, and telecom equipment. The Turnkey Contracts and services segment is engaged in delivering telecom infrastructure and communication network systems for Telecom Operators, Defence Services, Railways, Safe and Smart Cities, etc. The firm's products and solutions include Fiber optics, Telecommunication, Defence, and Passive Networking Components. It generates substantial revenue from the sale of turnkey projects and related activities.
Founded
1987
HQ

Employees
3.2K
Website
Financials (LTM)
EV
$2B
HFCL Financials
HFCL reported last 12-month revenue of $491M and EBITDA of $77M.
In the same LTM period, HFCL generated $77M in EBITDA and $31M in net income.
Revenue (LTM)
HFCL P&L
In the most recent fiscal year, HFCL reported revenue of $585M and EBITDA of $72M.
HFCL expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $491M | XXX | $585M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $120M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 21% | XXX | XXX | XXX |
| EBITDA | $77M | XXX | $72M | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $31M | XXX | $37M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $155M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
HFCL Stock Performance
HFCL has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
HFCL's stock price is $1.03.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 0.5% | XXX | XXX | XXX | $0.02 |
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Start Free TrialHFCL Valuation Multiples
HFCL trades at 3.4x EV/Revenue multiple, and 21.6x EV/EBITDA.
EV / Revenue (LTM)
HFCL Financial Valuation Multiples
As of April 19, 2026, HFCL has market cap of $2B and EV of $2B.
Equity research analysts estimate HFCL's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
HFCL has a P/E ratio of 50.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 3.4x | XXX | 2.8x | XXX | XXX | XXX |
| EV/EBITDA | 21.6x | XXX | 22.9x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 41.5x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 13.8x | XXX | XXX | XXX |
| P/E | 50.1x | XXX | 43.2x | XXX | XXX | XXX |
| EV/FCF | (825.6x) | XXX | 38.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified HFCL Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


HFCL Margins & Growth Rates
HFCL's revenue in the last 12 month grew by 29%.
HFCL's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
HFCL's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
HFCL's rule of X is 79% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
HFCL Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 29% | XXX | (17%) | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 41% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 42% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 79% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 14% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
HFCL Public Comps
See public comps and valuation multiples for other Telecom Infrastructure and Networking Hardware comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| HFCL | XXX | XXX | XXX | XXX | XXX | XXX |
| Preformed Line Products | XXX | XXX | XXX | XXX | XXX | XXX |
| Datang Telecom Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Bittium | XXX | XXX | XXX | XXX | XXX | XXX |
| Invisio | XXX | XXX | XXX | XXX | XXX | XXX |
| GCI Liberty | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
HFCL M&A Activity
HFCL acquired XXX companies to date.
Last acquisition by HFCL was on XXXXXXXX, XXXXX. HFCL acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by HFCL
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialHFCL Investment Activity
HFCL invested in XXX companies to date.
HFCL made its latest investment on XXXXXXXX, XXXXX. HFCL invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by HFCL
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout HFCL
| When was HFCL founded? | HFCL was founded in 1987. |
| Where is HFCL headquartered? | HFCL is headquartered in India. |
| How many employees does HFCL have? | As of today, HFCL has over 3K employees. |
| Is HFCL publicly listed? | Yes, HFCL is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of HFCL? | HFCL trades under HFCL ticker. |
| When did HFCL go public? | HFCL went public in 2011. |
| Who are competitors of HFCL? | HFCL main competitors are Preformed Line Products, Datang Telecom Group, Bittium, Invisio. |
| What is the current market cap of HFCL? | HFCL's current market cap is $2B. |
| What is the current revenue of HFCL? | HFCL's last 12 months revenue is $491M. |
| What is the current revenue growth of HFCL? | HFCL revenue growth (NTM/LTM) is 29%. |
| What is the current EV/Revenue multiple of HFCL? | Current revenue multiple of HFCL is 3.4x. |
| Is HFCL profitable? | Yes, HFCL is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of HFCL? | HFCL's last 12 months EBITDA is $77M. |
| What is HFCL's EBITDA margin? | HFCL's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of HFCL? | Current EBITDA multiple of HFCL is 21.6x. |
| What is the current FCF of HFCL? | HFCL's last 12 months FCF is ($2M). |
| What is HFCL's FCF margin? | HFCL's last 12 months FCF margin is (0%). |
| What is the current EV/FCF multiple of HFCL? | Current FCF multiple of HFCL is (825.6x). |
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