HFCL Balance Sheet
- Market cap
- ₹41,130 crore
- P/E
- 71.8
- P/B
- 8.41
- ROE
- 7.0%
- Dividend yield
- 0.07%
As of Mar 2022, HFCL had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 28.17% from Mar 2023.
HFCL balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 138 | 144 | 144 | 153 |
| Reserves | 8,500 | 1,787 | 2,092 | 2,242 | 2,549 |
| Borrowings | 1,200 | 936 | 991 | 1,522 | 1,896 |
| Other liabilities | 3,500 | 1,392 | 1,496 | 1,905 | 2,023 |
| Total liabilities | 13,700 | 5,473 | 6,487 | 7,546 | 8,868 |
| Fixed assets | 6,500 | 614 | 722 | 895 | 1,064 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 1,095 | 1,297 | 1,509 | 1,774 |
| Other assets | 4,300 | 1,642 | 1,946 | 2,264 | 2,660 |
| Total assets | 13,700 | 5,473 | 6,487 | 7,546 | 8,868 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
HFCL balance sheet — frequently asked questions
What is the total debt of HFCL?
HFCL reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹936 crore as of Mar 2023.
What is HFCL's debt-to-equity ratio?
Based on the Mar 2022 balance sheet, HFCL's debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are HFCL's total assets?
HFCL's total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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