HPL Electric & Power Ltd

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

HPL Electric & Power Ltd

₹ 351 -3.34%
10 Jun - close price
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 ₹ 2,255 Cr.
  • Current Price ₹ 351
  • High / Low ₹ 640 / 256
  • Stock P/E 23.7
  • Book Value ₹ 156
  • Dividend Yield 0.29 %
  • ROCE 13.5 %
  • ROE 9.92 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 57.0% CAGR over last 5 years

Cons

  • Company has a low return on equity of 8.84% over last 3 years.
  • Company has high debtors of 154 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 Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
363 321 350 366 424 393 422 392 493 383 434 474 520
318 281 303 316 369 337 362 337 410 325 369 402 434
Operating Profit 45 40 47 50 55 56 61 56 82 58 66 72 86
OPM % 12% 12% 13% 14% 13% 14% 14% 14% 17% 15% 15% 15% 17%
1 1 1 1 2 1 1 1 2 1 1 -5 2
Interest 20 22 22 22 24 24 22 21 23 23 24 26 22
Depreciation 8 9 9 9 12 10 11 11 11 12 13 15 24
Profit before tax 17 11 17 19 21 23 29 24 51 25 30 26 42
Tax % 36% 36% 35% 37% 36% 26% 26% 26% 27% 26% 27% 25% 26%
11 7 11 12 14 17 22 18 37 18 22 20 31
EPS in Rs 1.75 1.08 1.71 1.86 2.13 2.65 3.35 2.81 5.78 2.87 3.46 3.02 4.80
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,047 1,116 986 1,036 1,158 977 875 1,014 1,262 1,461 1,700 1,811
922 975 862 926 1,025 851 756 889 1,105 1,268 1,445 1,530
Operating Profit 125 141 124 110 134 126 119 125 157 193 255 281
OPM % 12% 13% 13% 11% 12% 13% 14% 12% 12% 13% 15% 16%
5 5 5 4 4 4 4 4 4 3 4 -1
Interest 70 78 68 51 58 61 64 68 75 90 90 94
Depreciation 16 19 24 23 32 37 45 47 38 39 42 63
Profit before tax 44 48 37 40 48 31 14 14 47 68 128 123
Tax % 21% 24% 30% 32% 32% 28% 27% 44% 35% 36% 26% 26%
35 37 26 28 33 22 10 8 30 44 94 91
EPS in Rs 18.64 7.89 4.01 4.27 5.06 3.39 1.55 1.21 4.69 6.77 14.58 14.15
Dividend Payout % 1% 1% 37% 23% 4% 4% 10% 12% 21% 15% 7% 7%
Compounded Sales Growth
10 Years: 5%
5 Years: 16%
3 Years: 13%
TTM: 7%
Compounded Profit Growth
10 Years: 10%
5 Years: 57%
3 Years: 47%
TTM: 1%
Stock Price CAGR
10 Years: %
5 Years: 43%
3 Years: 52%
1 Year: -38%
Return on Equity
10 Years: 5%
5 Years: 6%
3 Years: 9%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 19 46 64 64 64 64 64 64 64 64 64 64
Reserves 300 308 624 640 664 684 694 700 729 764 851 936
514 579 376 486 526 586 582 597 600 627 639 755
308 405 363 331 266 234 250 276 307 419 540 643
Total Liabilities 1,141 1,338 1,427 1,521 1,521 1,569 1,590 1,638 1,701 1,874 2,095 2,398
307 335 399 425 453 494 464 447 451 461 498 614
CWIP -0 3 -0 0 7 3 2 10 9 10 8 41
Investments 15 54 -0 -0 -0 -0 -0 -0 -0 -0 -0 10
819 947 1,028 1,095 1,060 1,072 1,124 1,181 1,241 1,403 1,589 1,733
Total Assets 1,141 1,338 1,427 1,521 1,521 1,569 1,590 1,638 1,701 1,874 2,095 2,398

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
27 103 3 20 83 63 85 101 104 100 138 226
-39 -92 -51 -59 -57 -60 -8 -41 -40 -39 -70 -223
20 -14 49 40 -29 -3 -71 -58 -74 -72 -66 16
Net Cash Flow 8 -3 1 2 -3 -0 6 2 -10 -11 2 20
Free Cash Flow -16 46 -52 -42 22 -1 72 57 61 57 63 10
CFO/OP 30% 79% 9% 29% 68% 55% 72% 83% 71% 59% 65% 93%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 140 168 174 165 148 173 214 182 174 174 153 154
Inventory Days 157 156 211 227 199 262 293 283 211 218 230 236
Days Payable 125 164 148 154 104 104 126 128 100 116 142 169
Cash Conversion Cycle 173 160 236 237 244 332 381 337 285 276 241 221
Working Capital Days 24 22 76 63 60 79 103 95 90 103 82 75
ROCE % 15% 14% 11% 8% 9% 7% 6% 6% 9% 11% 14% 13%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Feb 2025
Installed Capacity - Electronic Meters
million units

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Installed Capacity - Lighting Equipment
million units
Installed Capacity - Switchgear
million units
Installed Capacity - Wires and Cables
million meters
Number of Authorized Dealers
count ・Standalone data
Number of Retailers
count ・Standalone data
Market Share - Domestic Electric Meters
% ・Standalone data
Order Book
INR crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66%
0.43% 0.00% 0.00% 0.24% 0.74% 0.51% 0.58% 0.31% 0.70% 0.34% 0.28% 0.51%
0.24% 0.23% 0.23% 0.32% 0.23% 0.23% 0.23% 0.26% 0.30% 0.19% 0.10% 0.10%
26.68% 27.12% 27.12% 26.78% 26.38% 26.59% 26.53% 26.77% 26.33% 26.81% 26.96% 26.74%
No. of Shareholders 64,21573,57578,5111,15,8261,25,0851,42,9071,45,2251,47,6031,40,9161,39,6311,35,7271,26,744

* 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

Announcements

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