Rs 6,584.71 crore order book: This multibagger telecom infrastructure company receives orders worth Rs 82.60 crore from Domestic Telecom Service Providers!

The stock gave multibagger returns of 350 per cent in 3 years and over 800 per cent returns in 1 decade.

HFCL Ltd informed that the company along with its material subsidiary, HTL Limited, has received the purchase orders aggregating to Rs 82.60 crore for the supply of optical fiber cables to one of the domestic Telecom Service Providers of the country. The order is to be executed by November 2023.

HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration and manufacture and supply of high-end telecom equipment, Optical Fiber and Optic Fiber Cable (OFC).  

Talking about the financials, the company has a market cap of over Rs 10,000 crore. According to the Quarterly Results, the company reported net sales of Rs 995 crore in Q1FY24 compared to net sales of Rs 1,051 crore in Q1FY23. The net profit increased by 43.40 per cent to Rs 76 crore in Q1FY24 compared to Rs 53 crore in Q1FY23.

Order book update: As of June 30, 2023, the company’s order book stood at Rs 6,584.71 crore. Out of the total order book, public telecommunication & EPC's current order book is Rs 3,591.67 crore, defence communication’s current order book is Rs 1,846.57 crore and railway communication’s current order book is Rs 656.92 crore.

On Tuesday, shares of HFCL Ltd plunged 7.48 per cent to Rs 71.4 per share with an intraday high of Rs 78.24 and an intraday low of Rs 70. The stock gave multibagger returns of 350 per cent in 3 years and over 800 per cent returns in 1 decade. Investors should keep an eye on this Mid-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.