HBL Engineering Ltd

HBL Engineering Ltd

₹ 607 -0.54%
06 Jun - close price
About

Incorporated in 1983, HBL Power System Ltd manufactures and services different types of batteries, e-mobility, and other products[1]

Key Points

Market Position
The company ranks ** 2nd globally in the industrial nickel batteries segment and 3rd** in India's VRLA lead batteries segment. It is also the only manufacturer of PLT lead batteries in the country. [1]

  • Market Cap 16,827 Cr.
  • Current Price 607
  • High / Low 740 / 404
  • Stock P/E 62.7
  • Book Value 52.6
  • Dividend Yield 0.08 %
  • ROCE 26.9 %
  • ROE 20.2 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 66.6% CAGR over last 5 years

Cons

  • Stock is trading at 11.5 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
377 315 308 329 398 458 551 595 604 511 520 455 460
322 280 276 291 355 384 450 483 473 403 411 360 382
Operating Profit 54 34 32 38 43 75 101 111 131 108 109 95 78
OPM % 14% 11% 10% 12% 11% 16% 18% 19% 22% 21% 21% 21% 17%
3 3 6 6 4 3 3 1 -19 5 12 1 7
Interest 2 1 1 2 2 2 3 3 4 2 2 4 3
Depreciation 8 8 8 9 9 9 10 10 10 10 11 11 11
Profit before tax 47 28 29 33 36 66 91 99 98 101 108 82 71
Tax % 27% 32% 35% 31% 3% 27% 25% 23% 28% 27% 26% 25% 27%
34 19 19 23 35 49 69 76 71 74 80 61 51
EPS in Rs 1.23 0.69 0.68 0.82 1.26 1.75 2.47 2.75 2.55 2.68 2.90 2.22 1.85
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,277 1,329 1,288 1,407 1,593 1,261 1,077 909 1,222 1,350 2,209 1,946
1,177 1,184 1,162 1,277 1,467 1,166 999 841 1,086 1,202 1,790 1,556
Operating Profit 100 145 126 130 126 96 78 68 135 148 419 390
OPM % 8% 11% 10% 9% 8% 8% 7% 8% 11% 11% 19% 20%
67 2 13 14 13 19 21 4 25 19 -12 26
Interest 76 71 68 46 41 31 22 14 7 6 12 12
Depreciation 39 51 50 48 46 44 40 38 35 34 39 42
Profit before tax 52 25 20 50 52 40 38 19 118 126 355 362
Tax % 14% 42% 61% 32% 43% 37% 36% 25% 24% 24% 26% 26%
45 15 8 34 30 25 24 15 89 96 264 268
EPS in Rs 1.78 0.58 0.31 1.34 1.07 0.91 0.87 0.53 3.23 3.45 9.52 9.65
Dividend Payout % 11% 35% 81% 20% 23% 33% 35% 67% 12% 13% 5% 10%
Compounded Sales Growth
10 Years: 4%
5 Years: 13%
3 Years: 17%
TTM: -12%
Compounded Profit Growth
10 Years: 29%
5 Years: 67%
3 Years: 49%
TTM: -6%
Stock Price CAGR
10 Years: 29%
5 Years: 109%
3 Years: 85%
1 Year: 28%
Return on Equity
10 Years: 10%
5 Years: 15%
3 Years: 19%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 25 25 25 28 28 28 28 28 28 28 28 28
Reserves 560 562 599 712 733 749 755 765 844 928 1,178 1,431
731 683 546 476 365 231 158 67 61 81 56 63
452 303 276 259 221 160 166 183 202 256 363 417
Total Liabilities 1,768 1,574 1,445 1,475 1,347 1,168 1,107 1,043 1,134 1,293 1,624 1,937
474 444 415 416 363 320 301 277 263 317 345 384
CWIP 56 49 48 33 26 37 27 43 81 49 18 68
Investments 29 23 15 8 3 3 3 3 5 8 93 266
1,208 1,058 968 1,016 954 807 775 720 786 919 1,167 1,220
Total Assets 1,768 1,574 1,445 1,475 1,347 1,168 1,107 1,043 1,134 1,293 1,624 1,937

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-46 95 161 42 157 165 147 113 61 122 258 227
166 -24 -15 61 -6 2 -3 -24 -17 -48 -120 -310
-115 -66 -152 -114 -149 -163 -114 -103 -22 8 -47 -25
Net Cash Flow 5 5 -6 -11 3 4 30 -14 22 82 91 -108

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 131 112 125 127 107 110 107 110 92 87 64 72
Inventory Days 277 226 185 167 125 143 162 184 147 146 137 196
Days Payable 136 81 77 68 43 34 41 43 42 43 41 67
Cash Conversion Cycle 272 258 233 225 189 219 229 250 197 191 160 201
Working Capital Days 182 180 177 182 155 169 175 175 138 132 84 133
ROCE % 5% 9% 7% 8% 9% 6% 6% 4% 13% 13% 34% 27%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
58.97% 58.97% 59.02% 59.08% 59.10% 59.11% 59.11% 59.11% 59.11% 59.10% 59.10% 59.10%
4.79% 1.55% 1.77% 0.91% 2.63% 2.23% 2.66% 4.59% 4.66% 4.91% 5.22% 4.83%
9.32% 3.59% 0.00% 0.00% 0.14% 0.08% 0.41% 0.66% 1.07% 0.96% 0.39% 0.36%
26.92% 35.88% 39.21% 40.00% 38.14% 38.58% 37.82% 35.65% 35.17% 35.03% 35.27% 35.70%
No. of Shareholders 1,51,0171,67,0401,76,5361,71,7141,79,4442,21,3922,42,3852,87,0323,32,9123,68,6883,58,7983,81,826

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls