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 ₹ 24,234 Cr.
- Current Price ₹ 873
- High / Low ₹ 880 / 404
- Stock P/E 70.6
- Book Value ₹ 53.5
- Dividend Yield 0.11 %
- ROCE 27.3 %
- ROE 20.6 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 64.6% CAGR over last 5 years
Cons
- Stock is trading at 16.3 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,304 | 1,349 | 1,299 | 1,414 | 1,603 | 1,266 | 1,092 | 912 | 1,236 | 1,369 | 2,233 | 1,967 | 2,049 | |
1,208 | 1,210 | 1,164 | 1,286 | 1,477 | 1,169 | 1,011 | 845 | 1,097 | 1,217 | 1,810 | 1,574 | 1,575 | |
Operating Profit | 95 | 139 | 134 | 129 | 126 | 97 | 81 | 67 | 139 | 151 | 423 | 393 | 473 |
OPM % | 7% | 10% | 10% | 9% | 8% | 8% | 7% | 7% | 11% | 11% | 19% | 20% | 23% |
66 | 9 | 12 | 21 | 16 | 21 | 22 | 6 | 26 | 20 | 8 | 38 | 36 | |
Interest | 76 | 71 | 68 | 46 | 41 | 31 | 22 | 15 | 7 | 7 | 13 | 13 | 17 |
Depreciation | 39 | 53 | 51 | 48 | 46 | 44 | 41 | 39 | 35 | 35 | 41 | 44 | 45 |
Profit before tax | 46 | 24 | 27 | 54 | 55 | 43 | 40 | 19 | 122 | 130 | 377 | 374 | 447 |
Tax % | 16% | 43% | 45% | 29% | 42% | 35% | 35% | 29% | 23% | 24% | 26% | 26% | |
39 | 14 | 15 | 38 | 32 | 28 | 26 | 14 | 94 | 98 | 280 | 276 | 340 | |
EPS in Rs | 1.57 | 0.56 | 0.59 | 1.53 | 1.14 | 1.00 | 0.95 | 0.50 | 3.39 | 3.56 | 10.13 | 9.99 | 12.27 |
Dividend Payout % | 13% | 36% | 42% | 18% | 22% | 30% | 32% | 71% | 12% | 13% | 5% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 13% |
3 Years: | 17% |
TTM: | -10% |
Compounded Profit Growth | |
---|---|
10 Years: | 26% |
5 Years: | 65% |
3 Years: | 48% |
TTM: | 5% |
Stock Price CAGR | |
---|---|
10 Years: | 37% |
5 Years: | 121% |
3 Years: | 110% |
1 Year: | 43% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 16% |
3 Years: | 20% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 536 | 539 | 584 | 701 | 724 | 739 | 745 | 754 | 838 | 924 | 1,193 | 1,455 |
734 | 686 | 549 | 479 | 366 | 232 | 161 | 70 | 63 | 86 | 67 | 74 | |
459 | 311 | 277 | 258 | 224 | 162 | 169 | 184 | 204 | 257 | 366 | 422 | |
Total Liabilities | 1,755 | 1,562 | 1,435 | 1,467 | 1,342 | 1,161 | 1,103 | 1,036 | 1,133 | 1,294 | 1,654 | 1,980 |
495 | 456 | 415 | 417 | 363 | 321 | 304 | 279 | 265 | 320 | 354 | 397 | |
CWIP | 56 | 49 | 48 | 33 | 26 | 37 | 27 | 43 | 81 | 50 | 20 | 68 |
Investments | 1 | 2 | 8 | 8 | 5 | 5 | 6 | 7 | 8 | 9 | 108 | 290 |
1,202 | 1,054 | 964 | 1,008 | 947 | 797 | 766 | 707 | 779 | 915 | 1,171 | 1,225 | |
Total Assets | 1,755 | 1,562 | 1,435 | 1,467 | 1,342 | 1,161 | 1,103 | 1,036 | 1,133 | 1,294 | 1,654 | 1,980 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-36 | 79 | 158 | 43 | 159 | 167 | 149 | 121 | 62 | 122 | 273 | 239 | |
156 | -13 | -10 | 60 | -8 | 1 | -6 | -32 | -17 | -50 | -139 | -320 | |
-115 | -66 | -153 | -114 | -150 | -163 | -114 | -104 | -22 | 10 | -42 | -26 | |
Net Cash Flow | 5 | -0 | -5 | -11 | 1 | 5 | 29 | -14 | 23 | 82 | 91 | -107 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 122 | 106 | 120 | 122 | 103 | 105 | 102 | 102 | 86 | 83 | 58 | 69 |
Inventory Days | 276 | 226 | 185 | 168 | 126 | 145 | 162 | 188 | 149 | 147 | 137 | 201 |
Days Payable | 134 | 81 | 77 | 68 | 43 | 34 | 41 | 44 | 42 | 43 | 41 | 68 |
Cash Conversion Cycle | 265 | 252 | 228 | 222 | 186 | 216 | 222 | 246 | 193 | 188 | 154 | 202 |
Working Capital Days | 51 | 57 | 55 | 66 | 73 | 104 | 121 | 149 | 126 | 117 | 81 | 106 |
ROCE % | 4% | 8% | 8% | 8% | 9% | 6% | 6% | 4% | 13% | 14% | 36% | 27% |
Documents
Announcements
- Book Closure Date 2 Sep
- Record Date For The Purpose Of Voting And Dividend 2 Sep
-
Reg. 34 (1) Annual Report.
2 Sep - 39th AGM on September 25, 2025; Annual Report 2024-25 circulated electronically; link provided.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
12 Aug - HBL awarded Rs.54.12 Cr contract by West Central Railway for KAVACH system over 166 km, 700 days completion.
-
Clarification On News Article Apprearing In Eenadu (Telugu) Newspaper.
10 Aug - Clarification on unauthorized news; reiterates Q1 FY26 financial results and SEBI compliance.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
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]