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HFCL
PE (Price/Earnings) Ratio

The Current P/E Ratio of HFCL is 40.39.

Share Price ₹244.5Oct 26,2026
Market Cap ₹37,423.2 Cr
Earnings-TTM₹926.7 CrTTM-Consolidated Results
Price/Earnings40.39xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HFCL

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of HFCL is calculated as :

Current Market Cap [ ₹37,423.2 Cr] as on Oct 26,2026

(/) Earnings [ ₹926.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 40.39x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for HFCL , the investors are currently willing to pay 40.39 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of HFCL !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of HFCL over the last five years.

Historical PE (Price/Earnings) ratio chart of HFCL


PE Ratio Performance Analysis for HFCL

- HFCL 's latest p/e ratio is 40.39x.

- HFCL 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 39.47x.

- HFCL 's operated at median p/e ratio of 33.34x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HFCL 's p/e ratio peaked in Mar2025 at 64.24x.

- HFCL 's p/e ratio hit its five-year low in Mar2023 of 26.43x.


How does HFCL 's P/E Ratio benchmark against top 10 peers in Telecom-Infrastructure Industry?

Peer Comparison (Telecom-Infrastructure Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HFCL 926.6640.3937,423.2
PACE DIGITEK LTD315.079.342,944.2
BONDADA ENGINEERING LTD212.7313.862,947.6
VINDHYA TELELINKS LTD2.561,215.723,108.6
GTL INFRASTRUCTURE LTD1,081.081.181,280.9
STL NETWORKS LTD-98.57-16.981,673.3
SAR TELEVENTURE LTD40.299.71391.2

Telecom-Infrastructure Industry Benchmark (Top 10) PE Analysis vs HFCL 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -16.98x
Max industry PE 1,215.72x
Median industry PE 9.71x
Average industry PE 181.89x



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