HPL Electric & Power Ltd.

•

₹ 317.450.89%

2026-08-21

hplindia.comBSE: 540136NSE: HPL

Market Cap₹ 2,004 Cr.

Current Price₹ 315

High / Low₹ 518 / 256

Stock P/E0.0

Book Value₹ 155

Price to Book2.95

Dividend Yield0.32 %

ROCE13.9 %

ROE10.1 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Metering: 62.9% • Consumables & Industrial: 37.1%

PROS

Company has delivered good profit growth of 39.0% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.04x)
Company generates healthy free cash flow
Working capital cycle has improved - days down from 114 to 93
Attractively priced for its growth - PEG of 0.2
Company has a consistent dividend-paying track record

CONS

Recent results are weak - TTM profit is down 19.1% versus prior year
Company has a low return on equity of 6.3% over last 3 years
Company has a low return on capital employed of 11.1%

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

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsElectric Equipment

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ABB	7400.00	52.48	156812.20	0.53	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	POWERINDIA	33550.00	0.00	149540.28	0.02	294.15	123.52	2493.69	74.46	28.73	14.58
3.	SIEMENS	3880.10	42.19	138178.32	0.46	214.31	-49.38	4713.70	8.44	21.42	9.14
4.	CGPOWER	862.90	108.75	135945.59	0.15	308.28	15.52	3280.81	13.99	27.94	12.11
5.	ENRIN	3483.60	0.00	124058.14	0.11	4409.00	1578.34	24856.00	1292.81	40.19	23.56
6.	GVT&D	4119.00	564.77	105465.57	0.24	362.99	24.65	1836.14	38.04	75.51	25.10
7.	HAVELLS	1278.00	49.11	80202.38	0.78	289.71	-16.64	6518.19	19.48	25.74	7.15
8.	WAAREEENER	2688.00	20.26	77320.68	0.15	891.87	15.39	7931.79	79.22	34.71	18.15
9.	APARINDS	16607.65	58.86	69540.11	0.36	4674.50	1677.98	65910.60	1191.31	33.47	11.50
10.	SUZLON	46.78	20.45	64302.09	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1254.75	0.00	30001.58	0.00	124.40	201.65	6513.60	947.83	31.01	5.23
12.	HPL	311.65	21.96	2003.92	0.32	18.69	1.15	515.24	34.52	14.49	12.26

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	312	338	358	413	390	401	385	508	397	488	461	512	513
	275	294	310	361	336	346	331	435	343	427	394	430	490
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	1	1	0	2	1	1	1	2	1	1	1	2	1
Interest	20	21	21	23	23	20	20	22	22	23	25	22	21
Depreciation	8	8	8	11	9	10	10	10	11	12	15	23	17
	10	16	18	21	23	26	24	44	23	27	23	39	24
Tax %	35.49%	35.10%	36.97%	36.06%	25.61%	25.35%	25.54%	26.11%	25.51%	25.51%	24.69%	26.42%	25.51%
Net Profit	6	10	12	13	17	19	18	33	17	20	17	29	18
	1	2	2	2	3	3	3	5	3	3	3	4	0
Equity Capital	64	64	64	64	64	64	64	64	64	64	64	64	64
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	64	64	64	64	64	64	64	64	64	64	64	64	64
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 312
: 275
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 20
Depreciation: 8
: 10
Tax %: 35.49%
Net Profit: 6
: 1
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 338
: 294
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 21
Depreciation: 8
: 16
Tax %: 35.10%
Net Profit: 10
: 2
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 358
: 310
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 21
Depreciation: 8
: 18
Tax %: 36.97%
Net Profit: 12
: 2
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 413
: 361
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 23
Depreciation: 11
: 21
Tax %: 36.06%
Net Profit: 13
: 2
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 390
: 336
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 23
Depreciation: 9
: 23
Tax %: 25.61%
Net Profit: 17
: 3
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 401
: 346
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 20
Depreciation: 10
: 26
Tax %: 25.35%
Net Profit: 19
: 3
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 385
: 331
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 20
Depreciation: 10
: 24
Tax %: 25.54%
Net Profit: 18
: 3
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 508
: 435
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 22
Depreciation: 10
: 44
Tax %: 26.11%
Net Profit: 33
: 5
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 397
: 343
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 22
Depreciation: 11
: 23
Tax %: 25.51%
Net Profit: 17
: 3
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 488
: 427
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 23
Depreciation: 12
: 27
Tax %: 25.51%
Net Profit: 20
: 3
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 461
: 394
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 25
Depreciation: 15
: 23
Tax %: 24.69%
Net Profit: 17
: 3
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 512
: 430
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 22
Depreciation: 23
: 39
Tax %: 26.42%
Net Profit: 29
: 4
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 513
: 490
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 21
Depreciation: 17
: 24
Tax %: 25.51%
Net Profit: 18
: 0
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	1,115	927	1,000	1,103	925	850	1,004	1,215	1,421	1,684	1,974
	974	818	903	985	815	741	889	1,069	1,240	1,448	1,741
Operating Profit	146	114	101	121	114	112	119	149	185	241	—
OPM %	13	12	10	11	12	13	12	12	13	14	—
Other Income	5	5	4	4	4	3	4	3	4	4	4
Interest	78	62	46	53	56	60	64	71	85	85	90
Depreciation	19	23	21	30	35	42	44	35	35	39	67
	49	28	33	39	23	11	11	43	64	117	113
Tax %	24	29	31	32	28	26	34	35	36	26	26
Net Profit	37	20	23	26	17	8	7	28	41	87	84
EPS	8	4	4	4	3	1	1	4	6	13	—
Dividend Payout %	1	48	28	5	6	12	14	23	16	7	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	8	3	4	4	3	1	1	4	6	13	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	8	3	4	4	3	1	1	4	6	13	—

Mar 2016

: 1,115
: 974
Operating Profit: 146
OPM %: 13
Other Income: 5
Interest: 78
Depreciation: 19
: 49
Tax %: 24
Net Profit: 37
EPS: 8
Dividend Payout %: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2017

: 927
: 818
Operating Profit: 114
OPM %: 12
Other Income: 5
Interest: 62
Depreciation: 23
: 28
Tax %: 29
Net Profit: 20
EPS: 4
Dividend Payout %: 48
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2018

: 1,000
: 903
Operating Profit: 101
OPM %: 10
Other Income: 4
Interest: 46
Depreciation: 21
: 33
Tax %: 31
Net Profit: 23
EPS: 4
Dividend Payout %: 28
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2019

: 1,103
: 985
Operating Profit: 121
OPM %: 11
Other Income: 4
Interest: 53
Depreciation: 30
: 39
Tax %: 32
Net Profit: 26
EPS: 4
Dividend Payout %: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2020

: 925
: 815
Operating Profit: 114
OPM %: 12
Other Income: 4
Interest: 56
Depreciation: 35
: 23
Tax %: 28
Net Profit: 17
EPS: 3
Dividend Payout %: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2021

: 850
: 741
Operating Profit: 112
OPM %: 13
Other Income: 3
Interest: 60
Depreciation: 42
: 11
Tax %: 26
Net Profit: 8
EPS: 1
Dividend Payout %: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2022

: 1,004
: 889
Operating Profit: 119
OPM %: 12
Other Income: 4
Interest: 64
Depreciation: 44
: 11
Tax %: 34
Net Profit: 7
EPS: 1
Dividend Payout %: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2023

: 1,215
: 1,069
Operating Profit: 149
OPM %: 12
Other Income: 3
Interest: 71
Depreciation: 35
: 43
Tax %: 35
Net Profit: 28
EPS: 4
Dividend Payout %: 23
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2024

: 1,421
: 1,240
Operating Profit: 185
OPM %: 13
Other Income: 4
Interest: 85
Depreciation: 35
: 64
Tax %: 36
Net Profit: 41
EPS: 6
Dividend Payout %: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2025

: 1,684
: 1,448
Operating Profit: 241
OPM %: 14
Other Income: 4
Interest: 85
Depreciation: 39
: 117
Tax %: 26
Net Profit: 87
EPS: 13
Dividend Payout %: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13

TTM

: 1,974
: 1,741
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 90
Depreciation: 67
: 113
Tax %: 26
Net Profit: 84
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 13%
3 Years:: 19%

COMPOUNDED PROFIT GROWTH

10 Years:: 10%
5 Years:: 39%
3 Years:: 130%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 35%
3 Years:: 14%
1 Year:: -39%

RETURN ON EQUITY

10 Years:: 4%
5 Years:: 4%
3 Years:: 6%
Last Year:: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	46	64	64	64	64	64	64	64	64	64
	309	639	650	668	683	691	696	723	756	836
	463	329	430	479	513	517	517	531	462	544
Trade Payables	332	254	277	206	163	181	213	210	291	421
	188	68	23	28	71	64	65	93	237	168
Total Liabilities	1,339	1,355	1,444	1,445	1,494	1,517	1,556	1,622	1,809	2,032
ASSETS	-	-	-	-	-	-	-	-	-	-
	350	371	392	412	451	422	404	406	418	456
Capital Work in Progress	3	0	0	7	3	1	8	7	7	7
	54	54	54	54	54	54	54	54	54	54
	300	343	395	396	422	426	488	466	557	663
	0	0	0	0	0	0	0	0	650	695
Cash & Bank	58	59	61	57	56	67	69	62	51	53
	574	527	542	519	508	547	534	626	72	104
Total Assets	1,339	1,355	1,444	1,445	1,494	1,517	1,556	1,622	1,809	2,032
Total Debt	579	329	437	481	543	540	550	557	581	614
Net Working Capital	99	268	242	243	261	300	320	359	444	428
Contingent Liabilities	47	7	21	9	11	13	12	11	7	6
Book Value per Share	76.52	109.30	111.05	113.91	116.27	117.45	118.32	122.47	127.51	139.95
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	579	329	437	481	543	540	550	557	581	614
Net Working Capital	99	268	242	243	261	300	320	359	444	428
Contingent Liabilities	47	7	21	9	11	13	12	11	7	6
Book Value per Share	76.52	109.30	111.05	113.91	116.27	117.45	118.32	122.47	127.51	139.95
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2016

Equity Capital: 46
: 309
: 463
Trade Payables: 332
: 188
Total Liabilities: 1,339
: 350
Capital Work in Progress: 3
: 54
: 300
: 0
Cash & Bank: 58
: 574
Total Assets: 1,339
Total Debt: 579
Net Working Capital: 99
Contingent Liabilities: 47
Book Value per Share: 76.52
Face Value: 10.00
Total Debt: 579
Net Working Capital: 99
Contingent Liabilities: 47
Book Value per Share: 76.52
Face Value: 10.00

Mar 2017

Equity Capital: 64
: 639
: 329
Trade Payables: 254
: 68
Total Liabilities: 1,355
: 371
Capital Work in Progress: 0
: 54
: 343
: 0
Cash & Bank: 59
: 527
Total Assets: 1,355
Total Debt: 329
Net Working Capital: 268
Contingent Liabilities: 7
Book Value per Share: 109.30
Face Value: 10.00
Total Debt: 329
Net Working Capital: 268
Contingent Liabilities: 7
Book Value per Share: 109.30
Face Value: 10.00

Mar 2018

Equity Capital: 64
: 650
: 430
Trade Payables: 277
: 23
Total Liabilities: 1,444
: 392
Capital Work in Progress: 0
: 54
: 395
: 0
Cash & Bank: 61
: 542
Total Assets: 1,444
Total Debt: 437
Net Working Capital: 242
Contingent Liabilities: 21
Book Value per Share: 111.05
Face Value: 10.00
Total Debt: 437
Net Working Capital: 242
Contingent Liabilities: 21
Book Value per Share: 111.05
Face Value: 10.00

Mar 2019

Equity Capital: 64
: 668
: 479
Trade Payables: 206
: 28
Total Liabilities: 1,445
: 412
Capital Work in Progress: 7
: 54
: 396
: 0
Cash & Bank: 57
: 519
Total Assets: 1,445
Total Debt: 481
Net Working Capital: 243
Contingent Liabilities: 9
Book Value per Share: 113.91
Face Value: 10.00
Total Debt: 481
Net Working Capital: 243
Contingent Liabilities: 9
Book Value per Share: 113.91
Face Value: 10.00

Mar 2020

Equity Capital: 64
: 683
: 513
Trade Payables: 163
: 71
Total Liabilities: 1,494
: 451
Capital Work in Progress: 3
: 54
: 422
: 0
Cash & Bank: 56
: 508
Total Assets: 1,494
Total Debt: 543
Net Working Capital: 261
Contingent Liabilities: 11
Book Value per Share: 116.27
Face Value: 10.00
Total Debt: 543
Net Working Capital: 261
Contingent Liabilities: 11
Book Value per Share: 116.27
Face Value: 10.00

Mar 2021

Equity Capital: 64
: 691
: 517
Trade Payables: 181
: 64
Total Liabilities: 1,517
: 422
Capital Work in Progress: 1
: 54
: 426
: 0
Cash & Bank: 67
: 547
Total Assets: 1,517
Total Debt: 540
Net Working Capital: 300
Contingent Liabilities: 13
Book Value per Share: 117.45
Face Value: 10.00
Total Debt: 540
Net Working Capital: 300
Contingent Liabilities: 13
Book Value per Share: 117.45
Face Value: 10.00

Mar 2022

Equity Capital: 64
: 696
: 517
Trade Payables: 213
: 65
Total Liabilities: 1,556
: 404
Capital Work in Progress: 8
: 54
: 488
: 0
Cash & Bank: 69
: 534
Total Assets: 1,556
Total Debt: 550
Net Working Capital: 320
Contingent Liabilities: 12
Book Value per Share: 118.32
Face Value: 10.00
Total Debt: 550
Net Working Capital: 320
Contingent Liabilities: 12
Book Value per Share: 118.32
Face Value: 10.00

Mar 2023

Equity Capital: 64
: 723
: 531
Trade Payables: 210
: 93
Total Liabilities: 1,622
: 406
Capital Work in Progress: 7
: 54
: 466
: 0
Cash & Bank: 62
: 626
Total Assets: 1,622
Total Debt: 557
Net Working Capital: 359
Contingent Liabilities: 11
Book Value per Share: 122.47
Face Value: 10.00
Total Debt: 557
Net Working Capital: 359
Contingent Liabilities: 11
Book Value per Share: 122.47
Face Value: 10.00

Mar 2024

Equity Capital: 64
: 756
: 462
Trade Payables: 291
: 237
Total Liabilities: 1,809
: 418
Capital Work in Progress: 7
: 54
: 557
: 650
Cash & Bank: 51
: 72
Total Assets: 1,809
Total Debt: 581
Net Working Capital: 444
Contingent Liabilities: 7
Book Value per Share: 127.51
Face Value: 10.00
Total Debt: 581
Net Working Capital: 444
Contingent Liabilities: 7
Book Value per Share: 127.51
Face Value: 10.00

Mar 2025

Equity Capital: 64
: 836
: 544
Trade Payables: 421
: 168
Total Liabilities: 2,032
: 456
Capital Work in Progress: 7
: 54
: 663
: 695
Cash & Bank: 53
: 104
Total Assets: 2,032
Total Debt: 614
Net Working Capital: 428
Contingent Liabilities: 6
Book Value per Share: 139.95
Face Value: 10.00
Total Debt: 614
Net Working Capital: 428
Contingent Liabilities: 6
Book Value per Share: 139.95
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	112	-8	9	60	53	73	94	94	93	131
Cash from Investing	-92	-47	-52	-47	-58	-4	-37	-36	-37	-70
Cash from Financing	-16	56	44	-17	4	-63	-55	-65	-67	-59
	4	1	1	-4	-1	5	1	-7	-11	2
Free Cash Flow	47	-8	-33	4	-15	64	63	94	71	72
OCF / Net Profit	3.02	-0.39	0.39	2.27	3.17	9.19	13.18	3.39	2.26	1.51
Cumulative 5-Year FCF	0	0	0	0	-6	12	83	210	277	365
OCF / Net Profit	3.02	-0.39	0.39	2.27	3.17	9.19	13.18	3.39	2.26	1.51
Cumulative 5-Year FCF	0	0	0	0	-6	12	83	210	277	365

Mar 2016

: 112
Cash from Investing: -92
Cash from Financing: -16
: 4
Free Cash Flow: 47
OCF / Net Profit: 3.02
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.02
Cumulative 5-Year FCF: 0

Mar 2017

: -8
Cash from Investing: -47
Cash from Financing: 56
: 1
Free Cash Flow: -8
OCF / Net Profit: -0.39
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.39
Cumulative 5-Year FCF: 0

Mar 2018

: 9
Cash from Investing: -52
Cash from Financing: 44
: 1
Free Cash Flow: -33
OCF / Net Profit: 0.39
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.39
Cumulative 5-Year FCF: 0

Mar 2019

: 60
Cash from Investing: -47
Cash from Financing: -17
: -4
Free Cash Flow: 4
OCF / Net Profit: 2.27
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.27
Cumulative 5-Year FCF: 0

Mar 2020

: 53
Cash from Investing: -58
Cash from Financing: 4
: -1
Free Cash Flow: -15
OCF / Net Profit: 3.17
Cumulative 5-Year FCF: -6
OCF / Net Profit: 3.17
Cumulative 5-Year FCF: -6

Mar 2021

: 73
Cash from Investing: -4
Cash from Financing: -63
: 5
Free Cash Flow: 64
OCF / Net Profit: 9.19
Cumulative 5-Year FCF: 12
OCF / Net Profit: 9.19
Cumulative 5-Year FCF: 12

Mar 2022

: 94
Cash from Investing: -37
Cash from Financing: -55
: 1
Free Cash Flow: 63
OCF / Net Profit: 13.18
Cumulative 5-Year FCF: 83
OCF / Net Profit: 13.18
Cumulative 5-Year FCF: 83

Mar 2023

: 94
Cash from Investing: -36
Cash from Financing: -65
: -7
Free Cash Flow: 94
OCF / Net Profit: 3.39
Cumulative 5-Year FCF: 210
OCF / Net Profit: 3.39
Cumulative 5-Year FCF: 210

Mar 2024

: 93
Cash from Investing: -37
Cash from Financing: -67
: -11
Free Cash Flow: 71
OCF / Net Profit: 2.26
Cumulative 5-Year FCF: 277
OCF / Net Profit: 2.26
Cumulative 5-Year FCF: 277

Mar 2025

: 131
Cash from Investing: -70
Cash from Financing: -59
: 2
Free Cash Flow: 72
OCF / Net Profit: 1.51
Cumulative 5-Year FCF: 365
OCF / Net Profit: 1.51
Cumulative 5-Year FCF: 365

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	7.98	3.13	3.55	4.10	2.60	1.24	1.11	4.32	6.42	13.50
Book Value (₹)	76.52	109.30	111.05	113.91	116.27	117.45	118.32	122.47	127.51	139.95
Dividend per Share (₹)	0.10	1.50	1.00	0.20	0.15	0.15	0.15	1.00	1.00	1.00
Cash EPS (₹)	12.15	6.74	6.87	8.75	8.01	7.74	7.96	9.75	11.90	19.54
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	11.77%	10.95%	9.83%	11.00%	12.37%	13.23%	11.85%	12.23%	12.74%	14.05%
Net Margin %	2.98%	1.94%	2.23%	2.39%	1.81%	0.94%	0.71%	2.28%	2.90%	5.15%
ROE %	10.99%	3.80%	3.22%	3.65%	2.26%	1.06%	0.94%	3.59%	5.13%	10.09%
ROCE %	14.38%	9.19%	7.25%	7.74%	6.36%	5.46%	5.75%	8.56%	10.90%	13.88%
	2.99%	1.49%	1.63%	1.83%	1.14%	0.53%	0.46%	1.75%	2.40%	4.52%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	133	172	163	149	176	201	174	151	154	146
Inventory Days	89	113	132	131	161	182	166	143	131	132
Payable Days	145	177	147	123	118	117	110	96	98	118
	77	108	148	157	219	266	230	199	187	160
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	1.63x	0.47x	0.61x	0.66x	0.73x	0.72x	0.72x	0.71x	0.71x	0.68x
Interest Coverage (x)	1.62x	1.45x	1.72x	1.73x	1.41x	1.18x	1.17x	1.60x	1.76x	2.37x
	1.12x	1.41x	1.33x	1.34x	1.37x	1.41x	1.42x	1.46x	1.51x	1.40x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	6.71%	-16.91%	7.93%	10.25%	-16.09%	-8.11%	18.12%	20.97%	16.96%	18.54%
Operating Profit Growth %	12.72%	-22.46%	-11.44%	20.66%	-5.67%	-1.74%	5.84%	24.88%	24.35%	30.44%
Net Profit Growth %	7.55%	-45.71%	13.48%	15.62%	-36.68%	-52.38%	-10.50%	289.88%	48.64%	110.36%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	48.64%	110.37%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	49.29x	30.61x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.48x	2.95x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.32%	0.24%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	13.87x	13.35x

Mar 2016

EPS (₹): 7.98
Book Value (₹): 76.52
Dividend per Share (₹): 0.10
Cash EPS (₹): 12.15
Operating Margin %: 11.77%
Net Margin %: 2.98%
ROE %: 10.99%
ROCE %: 14.38%
: 2.99%
Debtor Days: 133
Inventory Days: 89
Payable Days: 145
: 77
Debt to Equity (x): 1.63x
Interest Coverage (x): 1.62x
: 1.12x
Revenue Growth %: 6.71%
Operating Profit Growth %: 12.72%
Net Profit Growth %: 7.55%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 3.13
Book Value (₹): 109.30
Dividend per Share (₹): 1.50
Cash EPS (₹): 6.74
Operating Margin %: 10.95%
Net Margin %: 1.94%
ROE %: 3.80%
ROCE %: 9.19%
: 1.49%
Debtor Days: 172
Inventory Days: 113
Payable Days: 177
: 108
Debt to Equity (x): 0.47x
Interest Coverage (x): 1.45x
: 1.41x
Revenue Growth %: -16.91%
Operating Profit Growth %: -22.46%
Net Profit Growth %: -45.71%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 3.55
Book Value (₹): 111.05
Dividend per Share (₹): 1.00
Cash EPS (₹): 6.87
Operating Margin %: 9.83%
Net Margin %: 2.23%
ROE %: 3.22%
ROCE %: 7.25%
: 1.63%
Debtor Days: 163
Inventory Days: 132
Payable Days: 147
: 148
Debt to Equity (x): 0.61x
Interest Coverage (x): 1.72x
: 1.33x
Revenue Growth %: 7.93%
Operating Profit Growth %: -11.44%
Net Profit Growth %: 13.48%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 4.10
Book Value (₹): 113.91
Dividend per Share (₹): 0.20
Cash EPS (₹): 8.75
Operating Margin %: 11.00%
Net Margin %: 2.39%
ROE %: 3.65%
ROCE %: 7.74%
: 1.83%
Debtor Days: 149
Inventory Days: 131
Payable Days: 123
: 157
Debt to Equity (x): 0.66x
Interest Coverage (x): 1.73x
: 1.34x
Revenue Growth %: 10.25%
Operating Profit Growth %: 20.66%
Net Profit Growth %: 15.62%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 2.60
Book Value (₹): 116.27
Dividend per Share (₹): 0.15
Cash EPS (₹): 8.01
Operating Margin %: 12.37%
Net Margin %: 1.81%
ROE %: 2.26%
ROCE %: 6.36%
: 1.14%
Debtor Days: 176
Inventory Days: 161
Payable Days: 118
: 219
Debt to Equity (x): 0.73x
Interest Coverage (x): 1.41x
: 1.37x
Revenue Growth %: -16.09%
Operating Profit Growth %: -5.67%
Net Profit Growth %: -36.68%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 1.24
Book Value (₹): 117.45
Dividend per Share (₹): 0.15
Cash EPS (₹): 7.74
Operating Margin %: 13.23%
Net Margin %: 0.94%
ROE %: 1.06%
ROCE %: 5.46%
: 0.53%
Debtor Days: 201
Inventory Days: 182
Payable Days: 117
: 266
Debt to Equity (x): 0.72x
Interest Coverage (x): 1.18x
: 1.41x
Revenue Growth %: -8.11%
Operating Profit Growth %: -1.74%
Net Profit Growth %: -52.38%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 1.11
Book Value (₹): 118.32
Dividend per Share (₹): 0.15
Cash EPS (₹): 7.96
Operating Margin %: 11.85%
Net Margin %: 0.71%
ROE %: 0.94%
ROCE %: 5.75%
: 0.46%
Debtor Days: 174
Inventory Days: 166
Payable Days: 110
: 230
Debt to Equity (x): 0.72x
Interest Coverage (x): 1.17x
: 1.42x
Revenue Growth %: 18.12%
Operating Profit Growth %: 5.84%
Net Profit Growth %: -10.50%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 4.32
Book Value (₹): 122.47
Dividend per Share (₹): 1.00
Cash EPS (₹): 9.75
Operating Margin %: 12.23%
Net Margin %: 2.28%
ROE %: 3.59%
ROCE %: 8.56%
: 1.75%
Debtor Days: 151
Inventory Days: 143
Payable Days: 96
: 199
Debt to Equity (x): 0.71x
Interest Coverage (x): 1.60x
: 1.46x
Revenue Growth %: 20.97%
Operating Profit Growth %: 24.88%
Net Profit Growth %: 289.88%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 6.42
Book Value (₹): 127.51
Dividend per Share (₹): 1.00
Cash EPS (₹): 11.90
Operating Margin %: 12.74%
Net Margin %: 2.90%
ROE %: 5.13%
ROCE %: 10.90%
: 2.40%
Debtor Days: 154
Inventory Days: 131
Payable Days: 98
: 187
Debt to Equity (x): 0.71x
Interest Coverage (x): 1.76x
: 1.51x
Revenue Growth %: 16.96%
Operating Profit Growth %: 24.35%
Net Profit Growth %: 48.64%
: 48.64%
P/E (x): 49.29x
P/B (x): 2.48x
Dividend Yield %: 0.32%
: 13.87x

Mar 2025

EPS (₹): 13.50
Book Value (₹): 139.95
Dividend per Share (₹): 1.00
Cash EPS (₹): 19.54
Operating Margin %: 14.05%
Net Margin %: 5.15%
ROE %: 10.09%
ROCE %: 13.88%
: 4.52%
Debtor Days: 146
Inventory Days: 132
Payable Days: 118
: 160
Debt to Equity (x): 0.68x
Interest Coverage (x): 2.37x
: 1.40x
Revenue Growth %: 18.54%
Operating Profit Growth %: 30.44%
Net Profit Growth %: 110.36%
: 110.37%
P/E (x): 30.61x
P/B (x): 2.95x
Dividend Yield %: 0.24%
: 13.35x

Shareholding Pattern

Numbers in percentages

TRADES

	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

Jun 2024

: 72.66
: 0.74
: 0.23
Government: 0.00
: 26.38

Sep 2024

: 72.66
: 0.51
: 0.23
Government: 0.00
: 26.60

Dec 2024

: 72.66
: 0.58
: 0.23
Government: 0.00
: 26.54

Mar 2025

: 72.66
: 0.31
: 0.26
Government: 0.00
: 26.77

Jun 2025

: 72.66
: 0.70
: 0.30
Government: 0.00
: 26.34

Sep 2025

: 72.66
: 0.34
: 0.19
Government: 0.00
: 26.81

Dec 2025

: 72.66
: 0.28
: 0.10
Government: 0.00
: 26.97

Mar 2026

: 72.66
: 0.51
: 0.10
Government: 0.00
: 26.73

Jun 2026

: 72.66
: 0.75
: 0.10
Government: 0.00
: 26.50

Documents

Announcements

Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - HPL Electric & Power Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-11 - HPL Electric & Power Limited has informed the Exchange about Link of Recording

Annual Reports

Credit Ratings

Credit Rating
2026-06-26 - HPL Electric & Power Limited has informed the Exchange about Credit Rating

Concalls

Aug 2026
Transcript PPTREC
Jun 2026
TranscriptPPTREC
May 2026
TranscriptPPTREC