MarketFriction

HPL Electric & Power Ltd

NSE HPL · BSE 540136 · Industrial Products
₹267.20 -0.69%
NSE close2026-10-01
52 week range255.55 - 479.90
Market cap₹1,740 Cr.
P/E18.3
IPO 2016 · +32% since Price band 20% Delivery 52.9%

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
Sales350366424393422392493383434474520515
Expenses303316369337362337410325369402434452
Operating Profit475055566156825866728663
OPM %13%14%13%14%14%14%17%15%15%15%17%12%
Other Income112111211-522
Interest222224242221232324262222
Depreciation9912101111111213152418
Profit before tax171921232924512530264225
Tax %35%37%36%26%26%26%27%26%27%25%26%26%
Net Profit111214172218371822203119
EPS in Rs1.711.862.132.653.352.815.782.873.463.024.802.90
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,1169861,0361,1589778751,0141,2621,4611,7001,8111,943
Expenses9758629261,0258517568891,1051,2681,4451,5291,657
Operating Profit141124110134126119125157193255282287
OPM %13%13%11%12%13%14%12%12%13%15%16%15%
Other Income5544444434-10
Interest786851586164687590909494
Depreciation192423323745473839426370
Profit before tax483740483114144768128123124
Tax %24%30%32%32%28%27%44%35%36%26%26%
Net Profit37262833221083044949191
EPS in Rs7.894.014.275.063.391.551.214.696.7714.5814.1514.18
Dividend Payout %1%37%23%4%4%10%12%21%15%7%7%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%16%13%15%
Compounded Profit Growth10%57%47%0%
Stock Price CAGR%30%8%-40%
Return on Equity5%7%9%10%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital194664646464646464646464
Reserves300308624640664684694700729764851936
Borrowings514579376486526586582597600627639755
Other Liabilities308405363331266234250276307419540643
Total Liabilities1,1411,3381,4271,5211,5211,5691,5901,6381,7011,8742,0952,398
Fixed Assets307335399425453494464447451461498614
CWIP030073210910841
Investments155400000000010
Other Assets8199471,0281,0951,0601,0721,1241,1811,2411,4031,5891,733
Total Assets1,1411,3381,4271,5211,5211,5691,5901,6381,7011,8742,0952,398
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity27103320836385101104100138226
Cash from Investing Activity-39-92-51-59-57-60-8-41-40-39-70-223
Cash from Financing Activity20-144940-29-3-71-58-74-72-6616
Net Cash Flow8-312-3-062-10-11220
Free Cash Flow-1646-52-4222-1725761576310
CFO/OP30%79%9%29%68%55%72%83%71%59%65%93%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days140168174165148173214182174174153154
Inventory Days157156211227199262293283211218230236
Days Payable125164148154104104126128100116142169
Cash Conversion Cycle173160236237244332381337285276241221
Working Capital Days24227663607910395901038275
ROCE %15%14%11%8%9%7%6%6%9%11%14%13%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%
FIIs0.00%0.00%0.24%0.74%0.51%0.58%0.31%0.70%0.34%0.28%0.51%0.75%
DIIs0.23%0.23%0.32%0.23%0.23%0.23%0.26%0.30%0.19%0.10%0.10%0.10%
Public27.12%27.12%26.78%26.38%26.59%26.53%26.77%26.33%26.81%26.96%26.74%26.50%
No. of Shareholders73,57578,5111,15,8261,25,0851,42,9071,45,2251,47,6031,40,9161,39,6311,35,7271,26,7441,22,523

Fundamentals

Market Cap₹ 1,740 Cr.
Current Price₹ 270
Stock P/E18.3
Book Value₹ 156
ROCE13.5 %
ROE9.95 %
Dividend Yield0.37 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)0%
Consolidated figures.
Valuation
Market capRs 1,718 Cr
Enterprise valueRs 2,392 Cr
P/E (TTM)18.83x
Price to book1.72x
Price to sales0.88x
EV / EBITDA8.34x
EV / EBIT11.01x
EV / sales1.23x
Price to cash flow7.59x
Earnings yield5.31%
Dividend yield0.37%
P/E, 3-year average31.07x
P/B, 3-year average2.34x
P/E, 5-year average32.84x
P/B, 5-year average1.65x
Profitability
Operating margin (excl. other income)15.56%
Operating margin (incl. other income)15.51%
EBITDA margin14.77%
Pre-tax margin6.36%
Net profit margin4.70%
Net margin, latest quarter3.62%
ROE9.50%
ROCE13.15%
ROA4.05%
ROE, 3-year average8.54%
ROCE, 3-year average12.89%
ROA, 3-year average3.74%
ROE, 5-year average6.11%
ROCE, 5-year average10.72%
ROA, 5-year average2.70%
ROIC (approx.)9.59%
Tax rate26.10%
Other income / net worth-0.10%
Growth
Sales growth (latest year)6.52%
Profit growth (latest year)-2.94%
Sales CAGR, 3 years12.79%
Sales CAGR, 5 years15.66%
Profit CAGR, 3 years44.47%
Profit CAGR, 5 years55.66%
Sales growth QoQ-0.86%
Profit growth QoQ-39.50%
Sales growth YoY (latest quarter)34.52%
Profit growth YoY (latest quarter)1.30%
Per share
EPS (TTM)Rs 14.19
EPS (latest year)Rs 14.15
EPS (latest quarter)Rs 2.90
EPS, 3-year averageRs 11.84
EPS, 5-year averageRs 8.28
Book value per shareRs 155.55
Sales per shareRs 302.22
Cash flow per shareRs 35.22
Free cash flow per shareRs 1.56
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 0.83
Dividends
Dividend payout7.07%
Dividend payout, 3-year average9.56%
Dividend payout, 5-year average12.47%
Efficiency
Asset turnover0.76x
Fixed asset turnover2.95x
Inventory turnover1.61x
Inventory days226 days
Debtor days154 days
Debtors turnover2.37x
Creditor days169 days
Cash conversion cycle221 days
Working capital days75 days
Leverage
Total debtRs 755 Cr
Cash and bankRs 81 Cr
Net debtRs 674 Cr
Debt to equity0.75x
Net debt / EBITDA2.35x
Interest coverage2.32x
Current ratio (filing 2026-03-31)1.36x
Quick ratio (filing 2026-03-31)0.76x
Trade payables (filing 2026-03-31)Rs 536 Cr
Owners' fund to total sources41.70%
Debt to assets31.48%
Cash flow
Cash from Operating Activity (latest year)Rs 226 Cr
Cash from Investing Activity (latest year)Rs -223 Cr
Cash from Financing Activity (latest year)Rs 16 Cr
Net Cash Flow (latest year)Rs 20 Cr
Free cash flow (latest year)Rs 10 Cr
FCFE (approx.: FCF + change in debt)Rs 126 Cr
Cash from ops / profit, 5 years2.51x
Sales to cash flow8.00x
Statement figures
Net sales (TTM)Rs 1,943 Cr
Net sales (latest year)Rs 1,811 Cr
Sales (latest quarter)Rs 515 Cr
Operating profit excl. other income (latest year)Rs 282 Cr
Operating profit (latest quarter)Rs 63 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 287 Cr
PBDT (TTM)Rs 193 Cr
Profit before tax (TTM)Rs 124 Cr
Tax (latest year)Rs 32 Cr
Net profit (TTM)Rs 91 Cr
Net profit (latest year)Rs 91 Cr
Net profit (latest quarter)Rs 19 Cr
Depreciation (TTM)Rs 70 Cr
Depreciation (latest quarter)Rs 18 Cr
Interest (TTM)Rs 94 Cr
Cost of goods sold (latest year)Rs 1,208 Cr
Total expenditure (latest year)Rs 1,529 Cr
Total income (latest year)Rs 1,810 Cr
Share capitalRs 64 Cr
ReservesRs 936 Cr
Shareholders' fundsRs 1,000 Cr
Total assetsRs 2,398 Cr
Net blockRs 614 Cr
Capital work in progressRs 41 Cr
InvestmentsRs 10 Cr
ReceivablesRs 765 Cr
InventoryRs 749 Cr
Other liabilitiesRs 643 Cr
Shares outstanding (crore)6.43
Ownership
Promoter holding72.66% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 18.8 is at the 31th percentile of its own 9.4-year range (median 31.8, low 4.3, high 92.5).
P/B 1.72 is at the 67th percentile (median 0.82).
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.
PeriodHPLNifty 50Difference
1 week-2.6%-2.8% +0.2 pts
1 month-10.9%-6.8% -4.1 pts
3 months-25.0%-7.6% -17.4 pts
6 months+3.9%+0.4% +3.5 pts
1 year-44.2%-9.9% -34.3 pts
2 years-54.6%-13.6% -41.1 pts
3 years+24.1%+14.2% +9.9 pts
5 years+277.7%+27.9% +249.8 pts

Red flags

F-score 5 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.

Latest quarter

Jun 2026
Sales ₹515 Cr +34.5% vs Jun 2025. Net profit ₹19 Cr +5.6%.
Against our estimate for Jun 2026: sales +18.8%, profit -10.3% in line. Our estimate for Sep 2026: sales Rs 521 Cr, profit Rs 24 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
Indo-MIM Ltd61,71995.625.0 %
Aditya Infotech Ltd46,81498.128.6 %
Syrma SGS Technology Ltd32,63887.916.8 %
Honeywell Automation India Ltd30,03853.717.0 %
Jyoti CNC Automation Ltd24,09174.921.3 %
Kaynes Technology India Ltd23,60568.012.7 %
LMW Ltd18,11599.25.58 %
Lloyds Engineering Works Ltd15,85070.916.1 %
Tega Industries Ltd15,4818.14 %
Kennametal India Ltd8,87845.333.2 %
Dynamatic Technologies Ltd8,87315110.2 %
Standard Engineering Technology Ltd8,55710014.7 %
Raymond Ltd7,89446.93.14 %
Omnitech Engineering Ltd6,93966.817.6 %
GMM Pfaudler Ltd6,64152.713.6 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-09-17Dividend - Re 1 Per Share
2025-09-22Dividend - Re 1 Per Share
2024-09-23Annual General Meeting/Dividend - Re 1 Per Share
2023-09-22Annual General Meeting/Dividend - Re 1 Per Share
2022-09-22Annual General Meeting/Dividend - Re 0.15 Per Share
2021-09-22 Annual General Meeting/Dividend - Rs 0.15 Per Share
2020-09-22 Annual General Meeting/Dividend - Rs 0.15 Per Share
2019-09-18 Annual General Meeting/Dividend - Rs 0.2 Per Share
2018-09-18 Annual General Meeting/Dividend Re 1 Per Share
2017-09-19 Annual General Meeting/Dividend - Rs 1.50 Per Share
DateTypeWhat it says
2026-09-24Shareholder meetingProceedings of Annual General Meeting held on September 24, 2026
2026-09-24Shareholder meetingVoting results of Annual General Meeting held on September 24, 2026
2026-09-24Shareholder meetingHPL Electric & Power Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2026
2026-09-02General UpdatesGeneral Updates
2026-09-01Record DateRecord date for the purpose of Dividend is 17-Sep-2026.
2026-09-01Shareholder meetingNotice of undefined to be held on September 24, 2026
2026-09-01Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026
2026-08-17Concall / analyst meetTranscript
2026-08-11Concall / analyst meetLink of Recording
2026-08-10Press ReleaseA press release dated August 10, 2026, titled "Press Release".
2026-08-10Investor PresentationInvestor Presentation
2026-08-10Board meeting outcomeHPL Electric & Power Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-06Concall / analyst meetSchedule of meet
2026-07-08Shareholder meetingVoting results.
2026-07-01General UpdatesGeneral Updates
2026-06-26Credit RatingCredit Rating
2026-06-23Concall / analyst meetTranscript
2026-06-17Concall / analyst meetLink of Recording
2026-06-15Disclosure under SEBI TakeovLalit Seth has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquis...
2026-06-12Concall / analyst meetSchedule of meet
2026-06-05Shareholder meetingNotice of Postal Ballot
2026-05-27Investor PresentationInvestor Presentation
2026-05-27Press ReleaseA press release dated May 27, 2026, titled "Press Release".
2026-05-27DividendBoard of Directors at its meeting held on May 27, 2026, recommended Final Dividend of Re. 1 per equity share.
2026-05-27Board meeting outcomeHPL Electric & Power Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2017-10-12CESTATHPL ELECTRIC AND POWER PVT LTD ---VS.--- LTU DELHI
2017-10-09CESTATHPL ELECTRIC & POWER PVT LTD ---VS.--- DELHI - I
2017-09-22CESTATHPL ELECTRIC & POWER LTD ---VS.--- LTU DELHI
2017-09-20CESTATHPL ELECTRIC AND POWERR PVT LTD ---VS.--- DELHI - I
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 HPL Electric & Power Ltd?

HPL Electric & Power Ltd (HPL) has a market capitalisation of Rs 1,740 Cr. at the 2026-10-01 close.

What is the P/E ratio of HPL Electric & Power Ltd?

HPL Electric & Power Ltd trades at a P/E of 18.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were HPL Electric & Power Ltd's latest quarterly results?

In the Jun 2026 quarter, HPL Electric & Power Ltd sales was Rs 515 Cr (+34.5% vs Jun 2025) and net profit was Rs 19 Cr.

What is the 52-week high and low of HPL Electric & Power Ltd?

The 52-week high is Rs 479.90 and the 52-week low is Rs 255.55.

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