MarketFriction

HBL Engineering Ltd

NSE HBLENGINE · BSE 517271 · Other Industrial Products
₹779.35 -1.91%
NSE close2026-10-01
52 week range613.00 - 1,122.00
Market cap₹22,406 Cr.
P/E28.0
Nifty 500Nifty Smallcap 100Smallcap 250 Price band 20% Delivery 41.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5575996105205214514766021,223874604638
Expenses456486479410412357396410679572529491
Operating Profit101113131110109947919254430275147
OPM %18%19%22%21%21%21%17%32%44%35%12%23%
Other Income32-195122617-8101021
Interest334235463325
Depreciation101111111111111212121512
Profit before tax9110298103107797119152029767149
Tax %26%23%33%26%29%26%26%26%26%27%18%26%
Net Profit6879818087654514338722064109
EPS in Rs2.482.852.942.893.152.331.625.1713.977.962.303.94
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2991,4141,6031,2661,0929121,2361,3692,2331,9673,3033,339
Expenses1,1641,2861,4771,1691,0118451,0971,2171,8101,5742,1902,271
Operating Profit1341291269781671391514233931,1131,068
OPM %10%9%8%8%7%7%11%11%19%20%34%32%
Other Income1221162122626208384432
Interest6846413122157713131514
Depreciation514846444139353541445152
Profit before tax2754554340191221303773741,0921,034
Tax %45%29%42%35%35%29%23%24%26%26%25%
Net Profit1538322826149498280276814780
EPS in Rs0.591.531.141.000.950.503.393.5610.139.9929.4028.17
Dividend Payout %42%18%22%30%32%71%12%13%5%10%10%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%29%34%63%
Compounded Profit Growth49%118%105%134%
Stock Price CAGR38%76%45%-1%
Return on Equity18%27%33%45%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital252528282828282828282828
Reserves5395847017247397457548389241,1931,4552,187
Borrowings686549479366232161706386677467
Other Liabilities311277258224162169184204257366422661
Total Liabilities1,5621,4351,4671,3421,1611,1031,0361,1331,2941,6541,9802,942
Fixed Assets456415417363321304279265320354397441
CWIP4948332637274381502068127
Investments288556789108290402
Other Assets1,0549641,0089477977667077799151,1711,2251,972
Total Assets1,5621,4351,4671,3421,1611,1031,0361,1331,2941,6541,9802,942
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity791584315916714912162122270247738
Cash from Investing Activity-13-1060-81-6-32-17-50-137-320-214
Cash from Financing Activity-66-153-114-150-163-114-104-2210-42-33-113
Net Cash Flow-0-5-111529-14238291-107411
Free Cash Flow62144514916814086416820496594
CFO/OP60%125%41%149%192%201%184%65%105%85%88%93%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1061201221031051021028683586971
Inventory Days226185168126145162188149147137201148
Days Payable817768433441444243416849
Cash Conversion Cycle252228222186216222246193188154202171
Working Capital Days575566731041211491261178110685
ROCE %8%8%8%9%6%6%4%13%14%36%27%59%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters59.11%59.11%59.11%59.11%59.10%59.10%59.10%59.10%59.11%59.11%59.11%59.11%
FIIs2.23%2.66%4.59%4.66%4.91%5.22%4.83%4.83%7.10%5.87%5.94%5.62%
DIIs0.08%0.41%0.66%1.07%0.96%0.39%0.36%0.36%0.64%0.82%0.79%0.97%
Public38.58%37.82%35.65%35.17%35.03%35.27%35.70%35.70%33.12%34.20%34.17%34.28%
No. of Shareholders2,21,3922,42,3852,87,0323,32,9123,68,6883,58,7983,81,8263,81,8263,26,0663,42,3353,40,7403,49,936

Fundamentals

Market Cap₹ 22,406 Cr.
Current Price₹ 808
Stock P/E28.0
Book Value₹ 79.9
ROCE59.3 %
ROE45.3 %
Dividend Yield0.37 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)63%
Compounded Profit Growth (TTM)134%
Consolidated figures.
Valuation
Market capRs 21,603 Cr
Enterprise valueRs 21,118 Cr
P/E (TTM)27.67x
Price to book9.76x
Price to sales6.47x
EV / EBITDA19.20x
EV / EBIT20.15x
EV / sales6.32x
Price to cash flow29.26x
Earnings yield3.61%
Dividend yield0.38%
P/E, 3-year average37.67x
P/B, 3-year average8.95x
P/E, 5-year average31.70x
P/B, 5-year average6.33x
Profitability
Operating margin (excl. other income)33.70%
Operating margin (incl. other income)35.03%
EBITDA margin32.93%
Pre-tax margin30.98%
Net profit margin23.38%
Net margin, latest quarter17.10%
ROE44.08%
ROCE57.65%
ROA33.12%
ROE, 3-year average30.15%
ROCE, 3-year average39.46%
ROA, 3-year average22.47%
ROE, 5-year average22.54%
ROCE, 5-year average29.37%
ROA, 5-year average16.84%
ROIC (approx.)45.22%
Tax rate25.40%
Other income / net worth1.99%
Growth
Sales growth (latest year)67.89%
Profit growth (latest year)194.27%
Sales CAGR, 3 years34.13%
Sales CAGR, 5 years29.35%
Profit CAGR, 3 years102.15%
Profit CAGR, 5 years126.30%
Sales growth QoQ5.61%
Profit growth QoQ71.11%
Sales growth YoY (latest quarter)6.03%
Profit growth YoY (latest quarter)-23.86%
Per share
EPS (TTM)Rs 28.16
EPS (latest year)Rs 29.40
EPS (latest quarter)Rs 3.94
EPS, 3-year averageRs 16.51
EPS, 5-year averageRs 11.29
Book value per shareRs 79.88
Sales per shareRs 120.46
Cash flow per shareRs 26.64
Free cash flow per shareRs 21.43
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 1.50
Dividend per share, 5-year averageRs 1.07
Dividends
Dividend payout10.21%
Dividend payout, 3-year average8.38%
Dividend payout, 5-year average9.92%
Efficiency
Asset turnover1.12x
Fixed asset turnover7.50x
Inventory turnover2.95x
Inventory days124 days
Debtor days71 days
Debtors turnover5.11x
Creditor days49 days
Cash conversion cycle171 days
Working capital days85 days
Leverage
Total debtRs 67 Cr
Cash and bankRs 552 Cr
Net debtRs -485 Cr
Debt to equity0.03x
Net debt / EBITDA-0.44x
Interest coverage76.23x
Current ratio (filing 2026-03-31)3.57x
Quick ratio (filing 2026-03-31)2.58x
Trade payables (filing 2026-03-31)Rs 185 Cr
Owners' fund to total sources75.27%
Debt to assets2.27%
Cash flow
Cash from Operating Activity (latest year)Rs 738 Cr
Cash from Investing Activity (latest year)Rs -214 Cr
Cash from Financing Activity (latest year)Rs -113 Cr
Net Cash Flow (latest year)Rs 411 Cr
Free cash flow (latest year)Rs 594 Cr
FCFE (approx.: FCF + change in debt)Rs 587 Cr
Cash from ops / profit, 5 years0.92x
Sales to cash flow4.47x
Statement figures
Net sales (TTM)Rs 3,339 Cr
Net sales (latest year)Rs 3,303 Cr
Sales (latest quarter)Rs 638 Cr
Operating profit excl. other income (latest year)Rs 1,113 Cr
Operating profit (latest quarter)Rs 147 Cr
Other income (TTM)Rs 32 Cr
EBITDA (TTM)Rs 1,100 Cr
PBDT (TTM)Rs 1,086 Cr
Profit before tax (TTM)Rs 1,034 Cr
Tax (latest year)Rs 277 Cr
Net profit (TTM)Rs 781 Cr
Net profit (latest year)Rs 815 Cr
Net profit (latest quarter)Rs 109 Cr
Depreciation (TTM)Rs 52 Cr
Depreciation (latest quarter)Rs 12 Cr
Interest (TTM)Rs 14 Cr
Cost of goods sold (latest year)Rs 1,660 Cr
Total expenditure (latest year)Rs 2,190 Cr
Total income (latest year)Rs 3,347 Cr
Share capitalRs 28 Cr
ReservesRs 2,187 Cr
Shareholders' fundsRs 2,214 Cr
Total assetsRs 2,942 Cr
Net blockRs 441 Cr
Capital work in progressRs 127 Cr
InvestmentsRs 402 Cr
ReceivablesRs 646 Cr
InventoryRs 562 Cr
Other liabilitiesRs 661 Cr
Shares outstanding (crore)27.72
Ownership
Promoter holding59.11% (+0.01 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 27.7 is at the 31th percentile of its own 9.4-year range (median 34.8, low 11.0, high 175.8).
P/B 9.76 is at the 70th percentile (median 2.47).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodHBLENGINENifty 50Difference
1 week+0.5%-2.8% +3.3 pts
1 month+18.2%-6.8% +25.0 pts
3 months-4.6%-7.6% +3.0 pts
6 months+26.8%+0.4% +26.4 pts
1 year-5.0%-9.9% +5.0 pts
2 years+27.7%-13.6% +41.2 pts
3 years+192.0%+14.2% +177.8 pts
5 years+1522.0%+27.9% +1494.1 pts
38 mutual fund schemes hold about ₹38 Cr. Over three months 2 bought more and 36 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Nifty Smallcap 250 Index Fund0.34%12 -18%
SBI Nifty Smallcap 250 Index Fund0.34%6 -18%
Motilal Oswal Nifty Smallcap 250 Index Fund0.34%4 -18%
ICICI Pru Nifty Smallcap 250 Index Fund0.34%3 -18%
HDFC NIFTY Smallcap 250 Index Fund0.34%3 -18%
Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund0.38%2 -16%
JioBlackRock Nifty Smallcap 250 Index Fund0.34%1 -18%
Motilal Oswal Nifty 500 Index Fund0.04%1 -17%
Edelweiss Nifty Smallcap 250 Index Fund0.34%1 -18%
Nippon India Nifty 500 Equal Weight Index Fund0.18%1 -7%
Groww Nifty Smallcap 250 Index Fund0.34%0 -18%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.09%0 -17%
UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund0.25%0 -21%
Bandhan Nifty Smallcap 250 Index Fund0.34%0 -18%
Aditya Birla SL BSE 500 Quality 50 Index Fund0.47%0 -17%
Kotak Nifty Smallcap 250 Index Fund0.34%0 -18%
SBI Nifty 500 Index Fund0.04%0 -17%
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund0.67%0 -20%
AlphaGrep Flexi Cap Fund0.42%0 +100%
Angel One Nifty Total Market Momentum Quality 50 Index Fund0.33%0 -20%
Groww Nifty Total Market Index Fund0.04%0 -17%
Axis Nifty 500 Index Fund0.04%0 -17%
HDFC BSE 500 Index Fund0.04%0 -20%
Taurus Infrastructure Fund0.80%0 -13%
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund0.67%0 -20%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-11-16Aluru Family Private Trust (BarclaPromoter Groupbuy676,000Rs 3.45 CrMarket Purchase
2021-11-16Aluru Jagadish PrasadPromotersbuy267,584Rs 1.36 CrMarket Purchase
2017-03-28Aluru Jagadish PrasadPromotersother18,428,087Inter-se-Transfer
2016-03-15Beaver Engineering and Holdings PrPromotersother6,840,000Inter-se-Transfer
2015-11-27Mikkilineni Family Private TrustPromotersbuy20,000Rs 0.08 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹638 Cr +6.0% vs Jun 2025. Net profit ₹109 Cr -23.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Re 1 Per Share
2026-02-13Interim Dividend - Rs 2 Per Share
2025-09-12Dividend - Re 1 Per Share
2024-09-13Annual General Meeting/Dividend - Re 0.50 Per Share
2023-09-15Annual General Meeting/Dividend - Re 0.45 Per Share
2022-09-15Annual General Meeting/Dividend - Re 0.40 Per Share
2021-09-16 Dividend - Rs 0.35 Per Share
2020-09-16 Annual General Meeting/Dividend - Rs 0.10 Per Share
2020-02-26 Interim Dividend-Re 0.20 Per Share
2019-09-18 Annual General Meeting/Dividend - Rs 0.30 Per Share
2018-09-18 Annual General Meeting/Dividend- Re 0.25 Per Share
2017-09-18 Annual General Meeting/Dividend - Re 0.25 Per Share
2016-09-21 Annual General Meeting/Dividend Re 0.25 Per Share
2015-09-21 Annual General Meeting / Dividend - Re 0.20/- Per Share
2014-12-18Annual General Meeting / Dividend - Re 0.20/- Per Share
2013-09-19Annual General Meeting / Dividend - Re 0.15 Per Share
2012-12-14Annual General Meeting / Dividend Re 0.15 Per Share
2011-08-29Annual General Meeting And Dividend Re.0.10 Per Share
2010-09-20Annual General Meeting And Dividend Re.0.30 Per Share
2009-11-24Fv Split Rs.10/- To Re.1/0.1000
2009-09-08Agm/Div-Rs.3/- Per Share
2008-08-28Agm/Dividend - 15%
2007-09-18Agm/Dividend-15%
DateTypeWhat it says
2026-09-26Shareholder meetingShareholders meeting
2026-09-07Volume querySignificant increase in volume has been observed in HBL Engineering Limited. The Exchange, in order to ensure that investors have latest relevant info...
2026-09-04Volume querySignificant increase in volume has been observed in HBL Engineering Limited. The Exchange, in order to ensure that investors have latest relevant info...
2026-09-03Record DateRecord date for the purpose of Dividend is 11-Sep-2026.
2026-08-08Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-08Record DateRecord date for the purpose of Dividend is 11-Sep-2026.
2026-08-08Board meeting outcomeHBL Engineering Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-03Order winBagging/Receiving of orders/contracts
2026-07-01Board meeting outcomeOutcome of Board Meeting held on July 01, 2026.
2026-06-19Disclosure under SEBI TakeovHBL Engineering Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subst...
2026-05-28Order winBagging/Receiving of orders/contracts
2026-05-28Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-05-24General UpdatesHBL Engineering Limited has informed the shareholders on interpretation of results published on May 23, 2026.
2026-05-23Board meeting outcomeThe Board of Directors in its meeting held on May 23, 2026 have approved the audited financial results for the year ending March 31, 2026
2026-04-09Awarding of order(s)/contracAcceptance of an order worth Rs.83.81 Crores (Inclusive of 18% GST) from Patiala Loco Works (PLW), Punjab for Supply, testing and commissioning of On-...
2026-04-09Awarding of order(s)/contracAcceptance of an order worth Rs.83.81 (Inclusive of 18% GST) from Patiala Loco Works (PLW), Punjab for Supply, testing and commissioning of On-board K...
2026-03-25Arrangements for strategic, Execution of the JV agreement with Cochin Shipyard Limited.
2026-03-18Concall / analyst meetPost meeting
2026-03-14Concall / analyst meetA one to one meeting organised by third party with the SBI Mutual Fund Manager.
2026-02-18Credit Rating- RevisionCredit Rating- Revision
2026-02-11Awarding of order(s)/contracAwarding of order(s)/contract(s) from from Banaras Locomotive Works (BLW) has issued Letter of Acceptance to HBL for Supply, testing and commissioning...
2026-02-07Record DateRecord date for the purpose of Interim Dividend is 13-Feb-2026.
2026-02-07Board meeting outcomeHBL Engineering Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025 and declared an interim dividend o...
2026-01-31Order winAcceptance of an order worth Rs.575 Crs (inclusive of 18% GST) from Integral Coach Factory, Chennai for supply, testing and commissioning of On-Board ...
2026-01-28General UpdatesGeneral Updates
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-285
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-03-11NCLTM/s. HBL Power Systems Ltd Vs M/s. Tecpro System Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of HBL Engineering Ltd?

HBL Engineering Ltd (HBLENGINE) has a market capitalisation of Rs 22,406 Cr. at the 2026-10-01 close.

What is the P/E ratio of HBL Engineering Ltd?

HBL Engineering Ltd trades at a P/E of 28.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were HBL Engineering Ltd's latest quarterly results?

In the Jun 2026 quarter, HBL Engineering Ltd sales was Rs 638 Cr (+6.0% vs Jun 2025) and net profit was Rs 109 Cr.

What is the 52-week high and low of HBL Engineering Ltd?

The 52-week high is Rs 1,122.00 and the 52-week low is Rs 613.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03