HPL Electric & Power Ltd.

•

hplindia.comBSE: 540136NSE: HPL

Market Cap₹ 1,879 Cr.

Current Price

High / Low₹ 508 / 256

Stock P/E20.6

Book Value₹ 158

Price to Book2.90

Dividend Yield0.34 %

ROCE14.5 %

ROE10.8 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Metering: 63.3% • Consumables & Industrial: 36.7%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good profit growth of 33.8% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.04x)
Working capital cycle has improved - days down from 117 to 95
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.2

CONS

Recent results are weak - TTM profit is down 18.0% versus prior year
Company has a low return on equity of 6.7% over last 3 years
Company has a low return on capital employed of 11.5%
Though reporting repeated profits, the company pays out little dividend (6.9%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsElectric Equipment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ABB	7269.10	51.56	154038.32	0.54	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	CGPOWER	910.00	114.69	143365.96	0.14	308.28	15.52	3280.81	13.99	27.94	12.11
3.	SIEMENS	3960.90	43.07	141055.77	0.45	214.31	-49.38	4713.70	8.44	21.42	9.14
4.	POWERINDIA	31415.40	121.72	140025.86	0.03	2941.50	2135.18	24936.90	1586.18	28.73	14.58
5.	GVT&D	4545.00	623.18	116373.15	0.22	362.99	24.65	1836.14	38.04	75.51	25.10
6.	ENRIN	3178.75	76.08	113201.81	0.13	440.90	67.83	2485.60	39.28	40.19	23.56
7.	WAAREEENER	2627.50	19.80	75580.39	0.15	891.87	15.39	7931.79	79.22	37.92	18.15
8.	APARINDS	17496.15	62.01	73260.47	0.34	4674.50	1677.98	65910.60	1191.31	31.84	11.50
9.	HAVELLS	1114.80	42.84	69960.57	0.90	289.71	-16.64	6518.19	19.48	25.74	7.15
10.	SUZLON	44.16	19.31	60700.73	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1227.70	159.75	29354.80	0.00	12.44	-69.84	651.36	4.78	31.01	5.23
12.	HPL	292.25	20.59	1879.18	0.34	18.69	1.15	515.24	34.52	14.49	12.26

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	321	350	366	424	393	422	392	493	383	434	474	520	515
	281	303	316	369	337	362	337	410	325	369	402	434	492
Operating Profit	40	47	50	55	56	61	56	82	58	66	72	86	23
OPM %	12.48%	13.46%	13.60%	13.02%	14.29%	14.34%	14.19%	16.70%	15.14%	15.17%	15.14%	16.51%	4.47%
	1	1	1	2	1	1	1	2	1	1	-5	2	2
Interest	22	22	22	24	24	22	21	23	23	24	26	22	22
Depreciation	9	9	9	12	10	11	11	11	12	13	15	24	18
Profit before Tax	11	17	19	21	23	29	24	51	25	30	26	42	25
Tax %	35.62%	34.95%	37.04%	35.89%	25.99%	25.86%	25.89%	27.04%	26.14%	26.70%	25.33%	26.13%	25.73%
Net Profit	0	0	0	0	17	22	18	37	18	22	20	31	19
	1.08	1.71	1.86	2.13	2.65	3.35	2.81	5.78	2.87	3.46	3.02	4.80	2.90

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	1,116	986	1,036	1,158	977	875	1,014	1,262	1,461	1,700	1,943
	975	862	926	1,025	852	756	889	1,105	1,269	1,446	1,697
Operating Profit	141	124	110	134	125	119	125	157	192	255	246
OPM %	12.64%	12.56%	10.60%	11.53%	12.79%	13.60%	12.34%	12.43%	13.15%	14.98%	12.68%
	5	5	4	5	5	4	4	4	4	5	0
Interest	78	68	51	58	61	64	68	75	90	90	94
Depreciation	19	24	23	32	37	45	47	38	39	42	70
Profit before Tax	48	37	40	48	31	14	14	47	68	128	124
Tax %	24.34%	29.75%	31.89%	31.91%	28.40%	26.95%	43.99%	35.21%	35.94%	26.37%	26.02%
Net Profit	37	26	28	33	22	10	8	30	44	94	91
EPS	7.89	4.65	4.27	5.06	3.39	1.55	1.21	4.69	6.78	14.58	—
Dividend Payout %	1.27%	37.43%	23.44%	3.95%	4.43%	9.68%	12.41%	21.31%	14.76%	6.86%	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 12%
3 Years:: 19%

COMPOUNDED PROFIT GROWTH

10 Years:: 10%
5 Years:: 34%
3 Years:: 129%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 34%
3 Years:: 10%
1 Year:: -38%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 4%
3 Years:: 7%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	46	64	64	64	64	64	64	64	64	64
Minority Interest	0	1	1	2	2	2	2	2	2	2
	308	624	640	664	684	694	700	729	764	851
	561	390	498	538	603	599	609	627	598	599
Trade Payables	332	265	288	216	174	190	229	230	305	430
	100	35	-14	-1	8	9	4	26	130	139
Total Liabilities	1,348	1,380	1,478	1,483	1,535	1,558	1,608	1,679	1,863	2,085
	335	399	425	453	494	464	447	451	461	498
Capital Work in Progress	3	0	0	7	3	2	10	9	10	8
	54	0	0	0	0	0	0	0	0	0
	317	378	424	414	439	443	507	486	573	697
	0	0	0	0	0	0	0	0	697	714
Cash & Bank	52	67	70	67	67	79	80	70	59	61
	588	536	559	542	532	570	564	663	64	107
Total Assets	1,348	1,380	1,478	1,483	1,535	1,558	1,608	1,679	1,863	2,085

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	111	11	32	91	69	85	104	111	100	138
Cash from Investing	-92	-51	-59	-57	-60	-8	-41	-40	-39	-70
Cash from Financing	-14	49	40	-29	-3	-71	-58	-74	-72	-66
	-3	1	2	-3	-0	6	2	-10	-11	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.66	72.66	72.66	72.66	72.66	72.66	72.66	72.66	72.66
	0.74	0.51	0.58	0.31	0.70	0.34	0.28	0.51	0.75
	0.23	0.23	0.23	0.26	0.30	0.19	0.10	0.10	0.10
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.38	26.60	26.54	26.77	26.34	26.81	26.97	26.73	26.50

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-02

Copy of Newspaper Publication

2026-09-02 - HPL Electric & Power Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

General Updates

2026-09-02 - HPL Electric & Power Limited has informed the Exchange about General Updates

2026-09-01

Record Date

2026-09-01 - HPL Electric & Power Limited has informed the Exchange that Record date for the purpose of Dividend is 17-Sep-2026.

2026-09-01

Shareholders meeting

2026-09-01 - HPL Electric & Power Limited has informed the Exchange regarding Notice of undefined to be held on September 24, 2026

2026-09-01

Shareholders meeting

2026-09-01 - HPL Electric & Power Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-08-28

Copy of Newspaper Publication

2026-08-28 - HPL Electric & Power Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - HPL Electric & Power Limited has informed the Exchange about Transcript

2026-08-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-11 - HPL Electric & Power Limited has informed the Exchange about Link of Recording

2026-08-11

Copy of Newspaper Publication

2026-08-11 - HPL Electric & Power Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for HPL

Loading news…

🤖

AI Stock Analyst

HPL Electric & Power Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account