Trending Share

HCIN Networks Unlisted shares

BUY

₹ 72.00

SELL

₹ 98.00

As on 29 Jul 2026, 10:54 PM, we are buying shares of the HCIN NETWORKS LIMITED for ₹ 72.00 and selling them for ₹ 98.00 per share.

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.

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

Stock is trading at 1.14 times its book value
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 26.3%

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -6.23% over past five years.
Company has a low return on equity of 3.68% over last 3 years.

Key Details

Share Name	Particulars
HCIN Networks Unlisted	N/A
Shares Price	Per Equity Share
Minimum Lot Size	Shares Worth Rs. 15000
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

Promoters or Management

Name	Designation	Experience	Linkedin Profile
Vikas Sharma	CMD	15+	View

Annual Reports

Name	Download
HCIN Networks Report 2023	View
HCIN Networks Report 2024	View

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Frequently Asked Questions

Is it legal to buy HCIN Networks unlisted shares in India?

The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.

How to buy HCIN Networks unlisted shares?

The procedure to buy HCIN Networks unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller. Once the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day.

Is HCIN Networks involved in selling its unlisted shares?

In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.

When will the HCIN Networks unlisted shares be credited into my demat account?

The HCIN Networks unlisted shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.

Is there any minimum lot size limit to buy HCIN Networks unlisted shares?

The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size of HCIN Networks, please visit the stock page on our website: www.delistedstocks.in

How is the market price of HCIN Networks unlisted shares determined?

There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares.

What is the minimum lock-in period for HCIN Networks unlisted shares?

Before IPO, there is no restriction on sale and transfer of your HCIN Networks unlisted shares. But once the shares are listed on the stock exchange, for retail investors, there is a minimum lock-in period of 6 months after listing on the stock exchange.

How to sell HCIN Networks unlisted shares?

Once the selling price and quantity of shares is agreed with us, we will provide you with a UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds are released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares.