HFCL (NSE:HFCL) ROE % Adjusted to Book Value: 6.89% (As of Mar. 2026)

HFCL NSE:HFCL +0.48% 56 ROE % Adjusted to Book Value is 6.89% as of Mar. 2026. GuruFocus rates NSE:HFCL with a GF Score™ of 56/100 and a GF Value™ of ₹95.40 (Significantly Overvalued). The stock has 7 warning signs investors should review.

HFCL's ROE % for the quarter that ended in Mar. 2026 was 14.60%. HFCL's PB Ratio for the quarter that ended in Mar. 2026 was 2.12. HFCL's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 6.89%.

HFCL ROE % Adjusted to Book Value Related Terms

HFCL ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for HFCL's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

HFCL Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROE % Adjusted to Book Value

Get a 7-Day Free Trial

3.43

3.77

2.80

1.58

3.28

HFCL Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															-2.85	0.00	2.90	0.00	6.89

NSE:HFCL vs CSCO, CIEN, MSI: ROE % Adjusted to Book Value Comparison

For the Communication Equipment subindustry, HFCL's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Hardware Industry

For the Hardware industry and Technology sector, HFCL's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where HFCL's ROE % Adjusted to Book Value falls into.

Save Embed

56GF Score

HFCL Ltd NSE:HFCL

ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

HFCL ROE % Adjusted to Book Value Calculation

HFCL's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	6.95%	/	2.12
	=	3.28%

HFCL's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	14.60%	/	2.12
	=	6.89%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of 6.89% mean?

HFCL (NSE:HFCL) has a ROE % Adjusted to Book Value of 6.89% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on HFCL and its competitors.

Is HFCL's ROE % Adjusted to Book Value too high?

HFCL's current ROE % Adjusted to Book Value is 6.89%. 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 ROE % Adjusted to Book Value compare to CSCO and CIEN?

HFCL's ROE % Adjusted to Book Value of 6.89% 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 ROE % Adjusted to Book Value for a Hardware company?

A good ROE % Adjusted to Book Value depends on the Hardware industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?

A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on HFCL and its competitors. HFCL's current ROE % Adjusted to Book Value is 6.89%. 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 ₹95.40, compared to a current price of ₹226.04 — trading 136.9% above its estimated fair value. The current ROE % Adjusted to Book Value is 6.89%. HFCL's overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROE % Adjusted to Book Value calculated?

ROE % Adjusted to Book Value is calculated from a company's financial statements. For HFCL (NSE:HFCL), the current ROE % Adjusted to Book Value is 6.89% 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 ₹226.04 is trading 136.9% above its estimated GF Value™ of ₹95.40. GuruFocus considers HFCL to be Significantly Overvalued.

Key valuation signals for NSE:HFCL:

ROE % Adjusted to Book Value: 6.89%
GF Value™: ₹95.40 vs. price of ₹226.04 (136.9% above fair value)
GF Score™: 56/100 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

Industry Technology Hardware

Comparable Companies NSE:STLTECH BOM:523610 BOM:532493 BOM:540595 BOM:532406 NSE:PACEDIGITK BOM:530555 BOM:504112 BOM:533146 BOM:532775 CSCO SZSE:300308 SHSE:601138 SZSE:300502 OHEL:NOKIA CIEN MSI LITE HPE SZSE:300394

Other Exchanges 500183:India

Address 8, Commercial Complex, Masjid Moth, Greater Kailash II, New Delhi, IND, 110 048

Website https://www.hfcl.com

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

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹226.04

Price

₹95.40

GF Value

View NSE:HFCL Analysis

See ROE % Adjusted to Book Value data for all stocks →