HCIN Networks Unlisted shares
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₹100.00
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₹N/A
HCIN Networks shares are in a downward trend as their IPO application has been cancelled due to non-compliance with disclosure requirements.
About HCIN Networks Unlisted shares
HCIN Networks Private Limited, established on August 2, 2019, has rapidly emerged as a significant player in India’s telecommunications and IT sectors. The company holds a Category-A ISP License from the Department of Telecommunications, authorizing it to provide internet services nationwide.
Business Divisions
-
Internet Service Provider (ISP):
- Services: HCIN Networks offers Internet Leased Lines, Commercial Broadband Services, and Software-Defined Wide Area Networks (SD-WAN).
- Infrastructure: The company operates its own Network Operating Center (NOC), manages over 1,000 km of fiber network, and maintains more than 15 RF towers.
- Major Clients: Prominent clients include Airtel, Tata Communications, and ACT Fibernet.
-
Infrastructure Leasing (IP-1 License):
- Services: Specializes in FTTH/FTTC planning, dark fiber leasing, and network-to-network interfaces.
- Achievements: Successfully established 125,000 home passes for Airtel and installed 750 km of fiber.
- Clients: Key clients encompass Airtel, Tata Communications, and Indus Tower.
-
Telecom Infrastructure Services:
- Services: Focuses on deploying passive infrastructure for 4G and 5G towers, along with implementing solar-powered upgrades.
- Projects: Currently executing over 500 tower deployments and upgrading more than 500 towers with solar infrastructure.
- Key Clients: Notable clients include BSNL and Indus Tower.
-
IT System Integration & Managed Services:
- Services: Provides on-site IT infrastructure deployment and offers 24/7 managed services through its NOC.
- Scale: Operates across 500 locations with a dedicated team of over 250 professionals.
- Clients: Esteemed clients include ISRO, DRDO, and Byju’s.
Financial Performance
In the fiscal year 2023-2024 (FY’24), HCIN Networks reported a revenue of ₹29.2 crore, distributed as follows:
- ISP: ₹11.5 crore
- IT Managed Services: ₹11 crore
- Infrastructure Leasing: ₹5.5 crore
- Telecom Infrastructure: ₹1.2 crore
The company has demonstrated consistent growth, with revenue increasing from ₹0.9 crore in FY’20 to ₹29.2 crore in FY’24. Projections indicate revenues of ₹80.66 crore in FY’25, ₹165.89 crore in FY’26, and ₹246.5 crore in FY’27.
Pros
- Diverse Service Portfolio: HCIN Networks offers a comprehensive range of services, catering to various sectors within the telecommunications and IT industries.
- Robust Infrastructure: Ownership of extensive fiber networks and a dedicated NOC ensures reliable service delivery.
- Esteemed Clientele: The company has established relationships with industry leaders such as Airtel, Tata Communications, and government organizations like ISRO and DRDO.
Cons
- Capital-Intensive Operations: The nature of infrastructure projects necessitates significant capital expenditure, which can impact cash flow.
- Competitive Market: The telecommunications sector is highly competitive, with numerous players vying for market share.
Key Details
| Share Name | Particulars |
|---|---|
| HCIN Networks Unlisted | N/A |
| Shares Price | Per Equity Share |
| Lot Size | 600 Shares |
| 52 Week High | ₹295 |
| 52 Week LoW | ₹230 |
| Depository | NSDL & CDSL |
| PAN Number | AAECH9999J |
| ISIN Number | INE0U7Y01027 |
| CIN | U64200HR2019PTC081805 |
| RTA | MAASHITLA SECURITIES |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | #VALUE! |
| P/E Ratio | #VALUE! |
| P/B Ratio | #VALUE! |
| Debt to Equity | 0.67 |
| ROE (%) | 34% |
| Book Value | 169.34 |
| EPS | 578.32 |
| Face Value | 10 |
| Total Shares | 1287680 |
Financials
| P&L Statement | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 25.41 | 15.98 | 6.87 |
| Cost of Material Consumed | 12.96 | 12.55 | 5.87 |
| Gross Margins | 49 | 21.46 | 14.56 |
| Change in Inventory | -4.8 | -0.3 | -0.54 |
| Employee Benefit Expenses | 2.88 | 0.99 | 0.74 |
| Other Expenses | 5.95 | 2.24 | 0.47 |
| EBITDA | 8.42 | 0.5 | 0.33 |
| OPM | 33.14 | 3.13 | 4.8 |
| Other Income | 0.01 | 0.0051 | 0.001 |
| Finance Cost | 0.95 | 0.01 | 0.01 |
| D&A | 0.38 | 0.3 | 0.18 |
| EBIT | 8.04 | 0.2 | 0.15 |
| EBIT Margins | 31.64 | 1.25 | 2.18 |
| PBT | 7.07 | 0.0907 | 0.1231 |
| PBT Margins | 27.82 | 0.57 | 1.79 |
| Tax | 0 | 0.0883 | 0.0219 |
| PAT | 7.07 | 0.0024 | 0.1012 |
| NPM | 27.82 | 0.02 | 1.47 |
| EPS | 578.32 | 0.23 | 202.4 |
| Financial Ratios | FY24 | FY23 | FY22 |
|---|---|---|---|
| Operating Margin | 32% | 1% | 2% |
| Net Profit Margin | 28% | 0% | 1% |
| Return on Equity | 34% | 0% | 75% |
| Debt-Equity | 0.67 | 3.36 | 8.97 |
| Current Ratio | 1.07 | 0.91 | 0.95 |
| Dividend Payout | 0% | 0% | 0% |
| Company | HCIN Networks | Zensar Technologies Ltd | Coforge |
|---|---|---|---|
| Market Cap (₹ Crores) | 37 | 21957 | 53989 |
| Profitability Margin (%) | 28% | 14% | 9% |
| ROCE (%) | 41% | 25% | 29% |
| ROE (%) | 34% | 20% | 24% |
| D/E Ratio | 0.67 | 0.04 | 0.18 |
| P/E Ratio | 4.9 | 34 | 70.5 |
| P/B Ratio | 1.7 | 5.97 | 9.06 |
| Book Value per Share (₹) | 169.34 | 163 | 894 |
| Assets | 2024 | 2023 | 2022 |
|---|---|---|---|
| Fixed Assets | 1.74 | 1.17 | 0.77 |
| CWIP | 0 | 0 | 0 |
| Investments | 13.64 | 0 | 0 |
| Trade Receivables | 8.92 | 2.99 | 0.92 |
| Inventory | 5.7 | 0.88 | 0.57 |
| Other Assets | 7.5 | 3.47 | 1.31 |
| Total Assets | 37.5 | 8.51 | 3.57 |
| Liabilities | 2024 | 2023 | 2022 |
|---|---|---|---|
| Share Capital | 1.2225 | 1.05 | 0.05 |
| FV | 100 | 100 | 100 |
| Reserves | 19.47 | 0.08 | 0.08 |
| Borrowings | 13.95 | 3.81 | 1.2 |
| Trade Payables | 2.69 | 2.44 | 1.5 |
| Other Liabilities | 0.17 | 1.13 | 0.74 |
| Total Liabilities | 37.5 | 8.51 | 3.57 |

