HBL Engineering Ltd
Incorporated in 1983, HBL Power System Ltd manufactures and services different types of batteries, e-mobility, and other products[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.
Peer comparison
Industrials Capital Goods Industrial Products Other Industrial Products
Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
27 May - Rs.101.55 Cr Kavach contract over 778 km, 85 stations, 18 months awarded by IRCON to HBL.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
26 May - Annual Secretarial Compliance Report confirming full regulatory compliance for FY ended March 31, 2025.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 26 May
-
Updates
24 May - FY25 sales down Rs.263 Cr; Kavach orders Rs.3,763.83 Cr; FY26 sales expected Rs.3,000 Cr.
-
Board Meeting Outcome for Outcome Of The Board Meeting And Financial Results
24 May - HBL Engineering reports FY25 audited results; recommends Re.1 dividend per share; stable profits and reappoints auditors.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from nse
-
Financial Year 2011
from bse
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]