HPL Electric & Power Ltd

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

HPL Electric & Power Ltd

₹ 571 0.65%
10 Jun 2:56 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 ₹ 3,671 Cr.
  • Current Price ₹ 571
  • High / Low ₹ 694 / 339
  • Stock P/E 39.2
  • Book Value ₹ 142
  • Dividend Yield 0.17 %
  • ROCE 14.4 %
  • ROE 10.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 33.3% CAGR over last 5 years

Cons

  • Stock is trading at 3.99 times its book value
  • Company has a low return on equity of 6.83% over last 3 years.
  • Company has high debtors of 153 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

Consolidated Figures in Rs. Crores / View Standalone

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
325 296 302 302 363 321 350 366 424 393 422 392 493
280 258 264 265 318 281 303 316 369 337 362 337 410
Operating Profit 46 38 38 37 45 40 47 50 55 56 61 56 82
OPM % 14% 13% 13% 12% 12% 12% 13% 14% 13% 14% 14% 14% 17%
1 1 1 1 1 1 1 1 2 1 1 1 2
Interest 17 18 19 19 20 22 22 22 24 24 22 21 23
Depreciation 12 11 10 8 8 9 9 9 12 10 11 11 11
Profit before tax 17 10 10 10 17 11 17 19 21 23 29 24 51
Tax % 22% 35% 35% 35% 36% 36% 35% 37% 36% 26% 26% 26% 27%
14 6 6 6 11 7 11 12 14 17 22 18 37
EPS in Rs 2.10 0.98 0.98 0.99 1.75 1.08 1.71 1.86 2.13 2.65 3.35 2.81 5.78
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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
1,011 1,047 1,116 986 1,036 1,158 977 875 1,014 1,262 1,461 1,700
906 922 975 862 926 1,025 851 756 889 1,105 1,268 1,446
Operating Profit 105 125 141 124 110 134 126 119 125 157 193 255
OPM % 10% 12% 13% 13% 11% 12% 13% 14% 12% 12% 13% 15%
5 5 5 5 4 4 4 4 4 4 3 5
Interest 59 70 78 68 51 58 61 64 68 75 90 90
Depreciation 13 16 19 24 23 32 37 45 47 38 39 42
Profit before tax 38 44 48 37 40 48 31 14 14 47 68 128
Tax % 25% 21% 24% 30% 32% 32% 28% 27% 44% 35% 36% 26%
28 35 37 26 28 33 22 10 8 30 44 94
EPS in Rs 15.28 18.64 7.89 4.01 4.27 5.06 3.39 1.55 1.21 4.69 6.77 14.58
Dividend Payout % 1% 1% 1% 37% 23% 4% 4% 10% 12% 21% 15% 7%
Compounded Sales Growth
10 Years: 5%
5 Years: 12%
3 Years: 19%
TTM: 16%
Compounded Profit Growth
10 Years: 10%
5 Years: 33%
3 Years: 129%
TTM: 112%
Stock Price CAGR
10 Years: %
5 Years: 81%
3 Years: 109%
1 Year: 30%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 7%
Last Year: 11%

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 19 19 46 64 64 64 64 64 64 64 64 64
Reserves 291 300 308 624 640 664 684 694 700 729 764 851
424 514 579 376 486 526 586 582 597 600 627 639
252 308 405 363 331 266 234 250 276 307 419 540
Total Liabilities 986 1,141 1,338 1,427 1,521 1,521 1,569 1,590 1,638 1,701 1,874 2,095
277 307 335 399 425 453 494 464 447 451 461 498
CWIP 29 0 3 0 0 7 3 2 10 9 10 8
Investments 15 15 54 0 0 0 0 0 0 0 0 0
664 819 947 1,028 1,095 1,060 1,072 1,124 1,181 1,241 1,403 1,589
Total Assets 986 1,141 1,338 1,427 1,521 1,521 1,569 1,590 1,638 1,701 1,874 2,095

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
46 27 103 3 20 83 63 85 101 104 100 138
-49 -39 -92 -51 -59 -57 -60 -8 -41 -40 -39 -70
-2 20 -14 49 40 -29 -3 -71 -58 -74 -72 -66
Net Cash Flow -6 8 -3 1 2 -3 -0 6 2 -10 -11 2

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 118 140 168 174 165 148 173 214 182 174 174 153
Inventory Days 132 157 156 211 227 199 262 293 283 211 218 230
Days Payable 98 125 164 148 154 104 104 126 128 100 116 142
Cash Conversion Cycle 152 173 160 236 237 244 332 381 337 285 276 241
Working Capital Days 139 160 163 210 224 215 275 315 288 250 236 214
ROCE % 14% 15% 14% 11% 8% 9% 7% 6% 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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