HFCL (NSE:HFCL) EBIT: ₹6,697 Mil (TTM As of Mar. 2026)


NSE:HFCL HFCL Ltd NSE:HFCL
55 GF Score
Price ₹215.00
GF Value ₹95.32
Valuation Significantly Overvalued
! 7 Warning Signs
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What is HFCL EBIT?

HFCL NSE:HFCL +5.00% 55 EBIT is ₹6,697 Mil as of Mar. 2026. GuruFocus rates NSE:HFCL with a GF Score™ of 55/100 and a GF Value™ of ₹95.32 (Significantly Overvalued). The stock has 7 warning signs investors should review.

HFCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹2,907 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹6,697 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HFCL's annualized ROC % for the quarter that ended in Mar. 2026 was 13.23%. HFCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HFCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.99%.


HFCL  (NSE:HFCL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

HFCL's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=10767.6 * ( 1 - 19.07% )/( (0 + 65881.3)/ 1 )
=8714.21868/65881.3
=13.23 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=88675.8 - 10674.3 - ( 12120.2 - max(0, 33667.9 - 67031.9+12120.2))
=65881.3

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

HFCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=11627.2/( ( (0 + max(0, 0)) + (10267.4 + max(35924.3, 0)) )/ 1 )
=11627.2/( ( 0 + 46191.7 )/ 1 )
=11627.2/46191.7
=25.17 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22121.8 + 14159.9 + 18434) - (10674.3 + 0 + 8117.1)
=35924.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

HFCL's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=6697.1/336963.780
=1.99 %

* 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 EBIT Related Terms


HFCL EBIT Historical Data

* Premium members only.

The historical data trend for HFCL's EBIT 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 EBIT Chart

HFCL Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,166.40 5,132.70 5,312.20 4,016.00 6,697.40

HFCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 -538.80 109.20 1,672.40 2,008.70 2,906.80

NSE:HFCL vs CSCO, CIEN, MSI: EBIT Comparison

For the Communication Equipment subindustry, HFCL's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Hardware Industry

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

* The bar in red indicates where HFCL's EV-to-EBIT falls into.


NSE:HFCL
55GF Score
HFCL Ltd NSE:HFCL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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HFCL EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹6,697 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹6,697 Mil mean?
HFCL (NSE:HFCL) has a EBIT of ₹6,697 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on HFCL.
Is HFCL's EBIT too high?
HFCL's current EBIT is ₹6,697 Mil. Overall, HFCL has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HFCL's EBIT compare to CSCO and CIEN?
HFCL's EBIT of ₹6,697 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Hardware company?
A good EBIT depends on the Hardware industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on HFCL. HFCL's current EBIT is ₹6,697 Mil. 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 ₹95.32, compared to a current price of ₹215.00 — trading 125.6% above its estimated fair value. The current EBIT is ₹6,697 Mil. HFCL's overall GF Score™ is 55/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For HFCL (NSE:HFCL), the current EBIT is ₹6,697 Mil as of Mar. 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 ₹215.00 is trading 125.6% above its estimated GF Value™ of ₹95.32. GuruFocus considers HFCL to be Significantly Overvalued.

Key valuation signals for NSE:HFCL:

  • EBIT: ₹6,697 Mil
  • GF Value™: ₹95.32 vs. price of ₹215.00 (125.6% above fair value)
  • GF Score™: 55/100 with 7 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.
55GF Score

Get the complete analysis for NSE:HFCL

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

₹215.00
Price
₹95.32
GF Value