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HPL Electric & Power Limited HPL NSEINFRA

Industrials · Electrical Equipment & Parts · India
https://www.hplindia.com

HPL Electric & Power Limited manufactures and sells electric equipment under the HPL brand in India. It offers digital panel and energy, multi-function, load managers, demand controllers, power quality, projection, dual source energy, HTCT, and keypad based prepaid energy meters; power factor control and regulators; meter cover boxes; and data acquisition and billing solutions. The company also provides edeno, smarts, tuff modular switches; LED lighting products, including bulbs, tube lights, panel lights, downlights, spotlights, strip, street lights, floodlights, and decorative lights, as well as boilers and petrol pump, high bay, box type LED, weatherproof, and well glass lights; and smarter accessories, such as angle and batten holder, multi plug, ceiling rose, plug top, extension cord, power strip and spike guards, door bells, O-protect, and DP switches, as well as sockets and support modules. In addition, it offers air circuit breakers, MCCB products, automatic transfer switches, changeover switches, control and fuse gears, motor starters, isolators, SFU and offload changeover, panels and enclosures, visual cutoff switch, and fuses and fuse base; and MCB, RCCB, RCBO, MCB changeover, ACCL 1 phase and 3 phase, and distribution boards. Further, the company provides domestic and industrial wires; specialty cables, including data networking, CCTV, fire alarm, low induction, instrumentation, and hybrid cables; power cables such as multi core telephone, networking, and fire survival; and control cables, such as submersible and ZHFR. Additionally, it offers ceiling, portable, ventilation, and farata fans; and solar products. It serves institutional, commercial, and residential customers; power utilities; and government agencies through dealers and distributors. The company also exports its products to approximately 42 countries. HPL Electric & Power Limited was incorporated in 1992 and is based in Sonipat, India.

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₹350.15
-39.52% 1Y

Market & Price

Market Cap
₹2,251.48 Cr
Current Price
₹350.15
High / Low (52W)
₹628.20 / ₹257.10
Beta
0.71

Valuation

Stock P/E
24.75
Industry PE
27.78
Forward P/E
18.62
PEG Ratio
-
Book Value
₹148.43
Price to Book
2.36
P/S
1.24
EV/EBITDA
10.40
Dividend Yield
0.29%

Profitability & Returns

ROCE
19.14%
ROE
9.51%
ROA
6.07%
Profit Margin
5.03%
Op Margin
11.96%
EPS (Latest Qtr)
₹4.80
EPS (TTM)
₹14.15

Balance Sheet & Liquidity

Debt/Equity
0.75
Quick Ratio
0.67
Current Ratio
1.36
Debt
₹755.08 Cr
Total Assets
₹2,398.33 Cr
Current Assets
₹1,713.07 Cr
Working Capital
₹451.29 Cr

Ownership

Promoter Holding
72.67%
Chg in Prom Hold
-
FII / Inst Holding
0.23%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹2,927.54 Cr
Total Revenue (TTM)
₹1,811.10 Cr
EBITDA
₹281.43 Cr
Free Cash Flow
₹-63.72 Cr
Operating Cash Flow
₹226.48 Cr
Shares Outstanding
₹6.43 Cr
Gross Margin
36.01%
Payout Ratio
7.07%

Growth (CAGR)

Revenue 5Y
12.79%
Profit 5Y
44.48%
Revenue (YoY)
5.50%
Earnings (YoY)
-16.90%

PROS

  • Compounding revenue at 12.8% over 5 years.
  • Profit CAGR of 44.5% over 5 years.

CONS

  • Trading 44.3% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 HPL HPL Electric & Power Limited NSEINFRA 350.15 24.75 ₹2,251.48 Cr 0.29% 19.14% 9.51% 12.79% 44.48%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 4,076.50 34.84 ₹5.61 L Cr 0.93% 14.55% 16.95% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,804.60 30.96 ₹4.16 L Cr 0.42% 11.02% 15.59% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,303.80 31.55 ₹2.88 L Cr 1.16% 13.80% 23.98% 7.87% 16.08%
5 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 38,445.00 172.41 ₹1.71 L Cr 0.02% 24.92% 21.04% 22.24% 119.12%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,405.00 - ₹1.70 L Cr 0.24% 15.53% - 44.12% 72.60%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,881.00 68.97 ₹1.63 L Cr 1.12% 34.95% 29.45% 16.07% 24.35%
8 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 917.45 118.99 ₹1.44 L Cr 0.14% 19.35% 19.56% 21.67% 7.81%
9 POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA 9,477.50 53.48 ₹1.43 L Cr 0.37% 30.44% 24.58% 26.57% 28.11%
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Quarterly Results

Figures in INR.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -392.48 Cr492.54 Cr383.03 Cr434.45 Cr473.92 Cr519.70 Cr
Cost of Revenue -254.22 Cr322.40 Cr237.38 Cr275.62 Cr311.59 Cr334.42 Cr
Gross Profit -138.25 Cr170.14 Cr145.65 Cr158.83 Cr162.33 Cr185.28 Cr
Operating Expenses -93.37 Cr98.52 Cr99.21 Cr105.60 Cr105.97 Cr123.10 Cr
Operating Income -44.88 Cr71.62 Cr46.44 Cr53.23 Cr56.36 Cr62.18 Cr
EBITDA -56.66 Cr84.63 Cr59.17 Cr66.73 Cr67.16 Cr87.75 Cr
Interest Expense -21.42 Cr22.90 Cr22.61 Cr23.57 Cr25.65 Cr22.29 Cr
Pretax Income -24.41 Cr51.11 Cr25.02 Cr30.49 Cr26.14 Cr41.83 Cr
Tax Provision -6.32 Cr13.82 Cr6.54 Cr8.14 Cr6.62 Cr10.93 Cr
Net Income -18.08 Cr37.14 Cr18.43 Cr22.27 Cr19.45 Cr30.86 Cr
Diluted EPS 3.352.815.782.873.463.024.80

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -1,262.21 Cr1,460.86 Cr1,700.24 Cr1,811.10 Cr
Cost of Revenue -841.75 Cr960.76 Cr1,104.64 Cr1,159.01 Cr
Gross Profit -420.46 Cr500.09 Cr595.61 Cr652.09 Cr
Operating Expenses -301.95 Cr345.84 Cr383.12 Cr433.88 Cr
Operating Income -118.51 Cr154.25 Cr212.49 Cr218.21 Cr
EBITDA -148.95 Cr181.27 Cr259.53 Cr280.82 Cr
Interest Expense -63.90 Cr74.52 Cr89.72 Cr94.11 Cr
Pretax Income -46.69 Cr68.10 Cr127.64 Cr123.48 Cr
Tax Provision -16.44 Cr24.47 Cr33.66 Cr32.23 Cr
Net Income -30.18 Cr43.56 Cr93.77 Cr91.01 Cr
Diluted EPS 1.214.696.7814.58-

Compounded Sales Growth

5 Years:12.79%
1 Year:5.50%

Compounded Profit Growth

5 Years:44.48%
1 Year:-16.90%

Stock Price Performance

1 Year:-39.52%
6 Months:-16.72%
3 Months:+1.20%
1 Month:-2.08%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -1,700.73 Cr1,874.15 Cr2,094.76 Cr2,398.33 Cr
Current Assets -1,203.26 Cr1,383.94 Cr1,571.31 Cr1,713.07 Cr
Cash & Equivalents -33.05 Cr26.36 Cr27.17 Cr32.71 Cr
Inventory -486.02 Cr572.83 Cr696.67 Cr748.51 Cr
Receivables -602.81 Cr696.69 Cr713.68 Cr765.27 Cr
Total Liabilities -905.38 Cr1,044.03 Cr1,177.52 Cr1,395.79 Cr
Current Liabilities -821.51 Cr914.65 Cr1,127.56 Cr1,261.78 Cr
Long Term Debt -46.98 Cr90.09 Cr20.90 Cr99.83 Cr
Total Debt -599.90 Cr626.52 Cr639.30 Cr755.08 Cr
Total Equity -793.52 Cr828.23 Cr915.13 Cr1,000.20 Cr
Shares Outstanding -6.43 Cr6.43 Cr6.43 Cr6.43 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -103.68 Cr100.28 Cr138.21 Cr226.48 Cr
Investing Cash Flow --39.82 Cr-39.37 Cr-70.13 Cr-222.72 Cr
Financing Cash Flow --73.79 Cr-72.31 Cr-65.72 Cr16.13 Cr
Capital Expenditure --44.42 Cr-43.46 Cr-78.96 Cr-216.17 Cr
Free Cash Flow -59.26 Cr56.83 Cr59.24 Cr10.31 Cr
Net Change in Cash --9.93 Cr-11.40 Cr2.36 Cr19.88 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -33.3%34.2%35.0%36.0%
Operating Margin % -9.4%10.6%12.5%12.0%
Net Margin % -2.4%3.0%5.5%5.0%
ROE % -3.8%5.3%10.2%9.1%
ROCE % -13.5%16.1%22.0%19.2%

Shareholding Pattern

Insiders
72.67%
Institutions
0.23%
Public Float
0.86%

Analyst View

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