HFCL (NSE:HFCL) Debt-to-EBITDA : 0.00 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:HFCL HFCL Ltd NSE:HFCL
56 GF Score
Price ₹235.89
GF Value ₹115.69
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is HFCL Debt-to-EBITDA?

HFCL NSE:HFCL -0.89% 56 Debt-to-EBITDA is 0.00 as of Jun. 2026. GuruFocus rates NSE:HFCL with a GF Score™ of 56/100 and a GF Value™ of ₹115.69 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,816 Hardware companies, HFCL ranks better than 52.75% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

HFCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹0 Mil. HFCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹0 Mil. HFCL's annualized EBITDA for the quarter that ended in Jun. 2026 was ₹17,810 Mil. HFCL's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 0.00.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for HFCL's Debt-to-EBITDA or its related term are showing as below:

NSE:HFCL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.32   Med: 1.59   Max: 3
Current: 1.5

During the past 13 years, the highest Debt-to-EBITDA Ratio of HFCL was 3.00. The lowest was 1.32. And the median was 1.59.

NSE:HFCL's Debt-to-EBITDA is ranked better than
52.75% of 1816 companies
in the Hardware industry
Industry Median: 1.62 vs NSE:HFCL: 1.50

HFCL  (NSE:HFCL) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


HFCL Debt-to-EBITDA Related Terms


HFCL Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for HFCL's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HFCL Debt-to-EBITDA Chart

HFCL Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.32 1.57 1.62 3.00 2.29

HFCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 1.84 0.00 1.41 0.00

NSE:HFCL vs CSCO, MSI, HPE: Debt-to-EBITDA Comparison

For the Communication Equipment subindustry, HFCL's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HFCL Debt-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, HFCL's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where HFCL's Debt-to-EBITDA falls into.


NSE:HFCL
56GF Score
HFCL Ltd NSE:HFCL
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HFCL Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

HFCL's Debt-to-EBITDA for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(14876.5 + 4086.8) / 8271.2
=2.29

HFCL's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 0.00 mean?
HFCL (NSE:HFCL) has a Debt-to-EBITDA of 0.00 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on HFCL. Over the past decade, HFCL's Debt-to-EBITDA has ranged from 1.32 to 3.00. According to the industry distribution chart, HFCL ranks #858 out of 1816 companies in the Hardware industry, placing it in the top 47.2%.
Is HFCL's Debt-to-EBITDA too high?
HFCL's current Debt-to-EBITDA is 0.00. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 3.00. Based on the distribution chart, HFCL ranks #858 out of 1816 companies in the Hardware industry, which is above the industry midpoint. Overall, HFCL has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HFCL's Debt-to-EBITDA compare to CSCO and MSI?
According to the Hardware industry distribution chart, HFCL ranks #858 out of 1816 companies for Debt-to-EBITDA. This puts HFCL in the upper half of its industry. The industry median Debt-to-EBITDA is 1.62. Historically, HFCL's own Debt-to-EBITDA has ranged from 1.32 to 3.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.62, based on 1,816 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on HFCL. For the Hardware industry, the median Debt-to-EBITDA is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HFCL's current Debt-to-EBITDA is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HFCL stock overvalued right now?
Based on GuruFocus' analysis, HFCL (NSE:HFCL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹115.69, compared to a current price of ₹235.89 — trading 103.9% above its estimated fair value. The current Debt-to-EBITDA is 0.00. HFCL's overall GF Score™ is 56/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For HFCL (NSE:HFCL), the current Debt-to-EBITDA is 0.00 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HFCL (NSE:HFCL) Overvalued in 2026?

Based on GuruFocus' analysis, HFCL stock appears to be overvalued. The current stock price of ₹235.89 is trading 103.9% above its estimated GF Value™ of ₹115.69. GuruFocus considers HFCL to be Significantly Overvalued.

Key valuation signals for NSE:HFCL:

  • Debt-to-EBITDA: 0.00
  • GF Value™: ₹115.69 vs. price of ₹235.89 (103.9% above fair value)
  • GF Score™: 56/100 with 6 warning signs

No single metric tells the full story. See the NSE:HFCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HFCL Business Description

Other Exchanges 500183:India
Address 8, Commercial Complex, Masjid Moth, Greater Kailash II, New Delhi, IND, 110 048
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.
56GF Score

Get the complete analysis for NSE:HFCL

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹235.89
Price
₹115.69
GF Value