HPL Electric & Power Ltd

HPL Electric Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

HPL Electric & Power Ltd

₹ 567 -0.48%
11 Jun 1:46 p.m.
hplindia.com BSE: 540136 NSE: HPL
About

HPL Electric & Power Limited is a leading electrical equipment manufacturer in India operating for the past 40 years. The Company has significant presence across five key product verticals of electric equipment – metering solutions, modular switches, switchgears, LED lighting and wires
and cables. It caters to a wide spectrum of customer segments, such as power utilities, government agencies, and retail and institutional customers, with a strong brand recall as a trusted electrical brand. [1]

It exports its finest engineering goods to more than 42 countries in regions of Asia, Africa, Europe, UK and Indian Sub-continent through the overseas logistic partners. [2]

Key Points

Market Share
The company is the largest manufacturer of on-load change-over switches with a 50% market share in India. It also has a market share of 20% in the domestic electric meters market and a 5% market share in the Low-voltage Switchgear Market. It is the 5th largest LED manufacturer in India. [1]

Website BSE NSE
  • Market Cap ₹ 3,646 Cr.
  • Current Price ₹ 567
  • High / Low ₹ 694 / 339
  • Stock P/E 42.0
  • Book Value ₹ 140
  • Dividend Yield 0.18 %
  • ROCE 13.8 %
  • ROE 10.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 38.2% CAGR over last 5 years

Cons

  • Stock is trading at 4.17 times its book value
  • Company has a low return on equity of 6.42% over last 3 years.
  • Company has high debtors of 151 days.

* 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 Manufacturing Industrial Products

Part of BSE SmallCap BSE Allcap BSE Industrials

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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
324 285 291 287 352 312 338 358 413 390 401 385 508
283 250 256 253 310 275 294 310 361 336 346 331 434
Operating Profit 41 35 35 34 42 37 44 47 53 54 56 53 74
OPM % 13% 12% 12% 12% 12% 12% 13% 13% 13% 14% 14% 14% 15%
0 1 1 0 1 1 1 0 2 1 1 1 2
Interest 16 16 17 18 19 20 21 21 23 23 20 20 22
Depreciation 11 11 9 7 8 8 8 8 11 9 10 10 10
Profit before tax 14 9 9 9 17 10 16 18 21 23 26 24 44
Tax % 11% 35% 35% 35% 35% 35% 35% 37% 36% 26% 25% 26% 26%
13 6 6 6 11 6 10 12 13 17 19 18 33
EPS in Rs 1.97 0.87 0.91 0.87 1.66 1.01 1.56 1.79 2.05 2.61 3.03 2.77 5.08
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
1,007 1,045 1,115 927 1,000 1,103 925 850 1,004 1,215 1,421 1,684
902 920 974 819 903 985 814 741 889 1,069 1,239 1,448
Operating Profit 105 125 142 108 97 117 111 109 116 145 182 237
OPM % 10% 12% 13% 12% 10% 11% 12% 13% 12% 12% 13% 14%
5 5 5 4 4 4 3 3 3 3 3 4
Interest 59 70 78 62 46 53 56 60 64 71 85 85
Depreciation 13 16 19 23 21 30 35 42 44 35 35 39
Profit before tax 38 44 49 27 33 39 23 11 11 43 64 117
Tax % 24% 21% 24% 24% 31% 32% 28% 26% 34% 35% 36% 26%
29 34 37 20 23 26 17 8 7 28 41 87
EPS in Rs 15.50 18.54 7.98 3.13 3.55 4.10 2.60 1.24 1.11 4.32 6.42 13.50
Dividend Payout % 1% 1% 1% 48% 28% 5% 6% 12% 14% 23% 16% 7%
Compounded Sales Growth
10 Years: 5%
5 Years: 13%
3 Years: 19%
TTM: 19%
Compounded Profit Growth
10 Years: 10%
5 Years: 38%
3 Years: 130%
TTM: 107%
Stock Price CAGR
10 Years: %
5 Years: 80%
3 Years: 109%
1 Year: 29%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 6%
Last Year: 10%

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 19 19 46 64 64 64 64 64 64 64 64 64
Reserves 292 300 309 639 650 668 683 691 696 723 756 836
424 514 579 330 437 481 543 540 553 559 585 620
250 307 404 350 317 251 220 237 256 283 405 512
Total Liabilities 985 1,141 1,339 1,382 1,468 1,464 1,510 1,532 1,570 1,629 1,809 2,032
277 307 350 371 392 412 451 422 404 406 418 456
CWIP 29 0 3 0 0 7 3 1 8 7 7 7
Investments 15 15 54 54 54 54 54 54 54 54 54 54
664 819 932 957 1,022 992 1,002 1,056 1,104 1,161 1,330 1,515
Total Assets 985 1,141 1,339 1,382 1,468 1,464 1,510 1,532 1,570 1,629 1,809 2,032

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
45 27 112 -8 9 60 53 73 94 94 93 131
-49 -39 -92 -47 -52 -47 -58 -4 -37 -36 -37 -70
-2 20 -16 56 44 -17 4 -63 -55 -65 -67 -59
Net Cash Flow -6 8 4 1 1 -4 -1 5 1 -7 -11 2

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 119 140 166 185 163 150 174 212 167 164 167 151
Inventory Days 129 156 148 202 215 198 264 286 269 208 215 216
Days Payable 98 124 164 150 150 103 102 121 117 94 112 137
Cash Conversion Cycle 149 172 150 237 228 244 336 377 318 278 270 230
Working Capital Days 140 160 154 212 221 218 279 310 280 249 233 210
ROCE % 14% 14% 14% 9% 7% 8% 6% 5% 6% 9% 11% 14%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66%
0.00% 0.06% 0.43% 0.02% 0.43% 0.00% 0.00% 0.24% 0.74% 0.51% 0.58% 0.31%
1.26% 1.26% 0.82% 0.31% 0.24% 0.23% 0.23% 0.32% 0.23% 0.23% 0.23% 0.26%
26.08% 26.03% 26.09% 27.02% 26.68% 27.12% 27.12% 26.78% 26.38% 26.59% 26.53% 26.77%
No. of Shareholders 66,98965,87266,12465,65664,21573,57578,5111,15,8261,25,0851,42,9071,45,2251,47,603

* 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.

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