Do you own this telecom stock that got an approval for a Rs 1770 crore project?
The current PE and ROCE for this stock are 39.3 per cent and 19.20 per cent, respectively.
Today, the shares of HFCL Ltd (Himachal Futuristic Communications Limited) was closed in upper circuit, up by 0.19 per cent to Rs 80.40 per share. Recently, the company received an order worth Rs 1770 crore from State Water & Sanitation Mission, Lucknow. The project consists of engineering, procurement & construction services (EPC) including provision for the laying of optical fiber cables, for the execution of the rural water supply network in Varanasi revenue division.
The contract value for materials and services is Rs.1414 crore and Rs.356 crore is for operation and maintenance services. The above project will be carried out by the company with JWIL Infra Limited as a partner of the consortium within 18 months from the date of the contract.
According to the financial statement, the company reported positive quarterly and annual results. On the annual consolidated statement, relative to FY22, when net profit was only Rs 246.24 crore, it rose dramatically to Rs 325.70 crore or 32.27 per cent, in FY23. The current PE and ROCE for HFCL Ltd stock are 39.3 per cent and 19.20 per cent, respectively.
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).
Investors must keep an eye on this stock.