HPL Electric & Power Ltd

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

HPL Electric & Power Ltd

₹ 588 1.33%
13 Dec 2:47 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 ₹ 3,786 Cr.
  • Current Price ₹ 588
  • High / Low ₹ 694 / 203
  • Stock P/E 59.0
  • Book Value ₹ 135
  • Dividend Yield 0.17 %
  • ROCE 11.1 %
  • ROE 5.45 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 4.22 times its book value
  • Company has a low return on equity of 3.49% over last 3 years.
  • Company has high debtors of 174 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

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

Part of BSE Allcap BSE SmallCap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
280 280 325 296 302 302 363 321 350 366 424 393 422
247 243 280 258 264 265 318 281 303 316 369 337 362
Operating Profit 32 37 46 38 38 37 45 40 47 50 55 56 61
OPM % 12% 13% 14% 13% 13% 12% 12% 12% 13% 14% 13% 14% 14%
1 1 1 1 1 1 1 1 1 1 2 1 1
Interest 17 17 17 18 19 19 20 22 22 22 24 24 22
Depreciation 12 12 12 11 10 8 8 9 9 9 12 10 11
Profit before tax 5 9 17 10 10 10 17 11 17 19 21 23 29
Tax % -1% -1% 22% 35% 35% 35% 36% 36% 35% 37% 36% 26% 26%
5 9 14 6 6 6 11 7 11 12 14 17 22
EPS in Rs 0.77 1.44 2.10 0.98 0.98 0.99 1.75 1.08 1.71 1.86 2.13 2.65 3.35
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
911 1,011 1,047 1,116 986 1,036 1,158 977 875 1,014 1,262 1,461 1,605
801 906 922 975 862 926 1,025 851 756 889 1,105 1,268 1,383
Operating Profit 111 105 125 141 124 110 134 126 119 125 157 193 222
OPM % 12% 10% 12% 13% 13% 11% 12% 13% 14% 12% 12% 13% 14%
4 5 5 5 5 4 4 4 4 4 4 3 4
Interest 62 59 70 78 68 51 58 61 64 68 75 90 91
Depreciation 11 13 16 19 24 23 32 37 45 47 38 39 42
Profit before tax 42 38 44 48 37 40 48 31 14 14 47 68 93
Tax % 25% 25% 21% 24% 30% 32% 32% 28% 27% 44% 35% 36%
31 28 35 37 26 28 33 22 10 8 30 44 64
EPS in Rs 16.92 15.28 18.64 7.89 4.01 4.27 5.06 3.39 1.55 1.21 4.69 6.77 9.99
Dividend Payout % 1% 1% 1% 1% 37% 23% 4% 4% 10% 12% 21% 15%
Compounded Sales Growth
10 Years: 4%
5 Years: 5%
3 Years: 19%
TTM: 20%
Compounded Profit Growth
10 Years: 4%
5 Years: 6%
3 Years: 64%
TTM: 81%
Stock Price CAGR
10 Years: %
5 Years: 72%
3 Years: 102%
1 Year: 153%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 3%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 19 19 19 46 64 64 64 64 64 64 64 64 64
Reserves 263 291 300 308 624 640 664 684 694 700 729 764 802
367 424 514 579 376 486 526 586 582 597 600 627 651
260 252 308 405 363 331 266 234 250 276 307 419 459
Total Liabilities 908 986 1,141 1,338 1,427 1,521 1,521 1,569 1,590 1,638 1,701 1,874 1,976
213 277 307 335 399 425 453 494 464 447 451 461 485
CWIP 53 29 0 3 0 0 7 3 2 10 9 10 21
Investments 15 15 15 54 0 0 0 0 0 0 0 0 0
627 664 819 947 1,028 1,095 1,060 1,072 1,124 1,181 1,241 1,403 1,471
Total Assets 908 986 1,141 1,338 1,427 1,521 1,521 1,569 1,590 1,638 1,701 1,874 1,976

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
63 46 27 103 3 20 83 63 85 101 104 100
-33 -49 -39 -92 -51 -59 -57 -60 -8 -41 -40 -39
-24 -2 20 -14 49 40 -29 -3 -71 -58 -74 -72
Net Cash Flow 5 -6 8 -3 1 2 -3 -0 6 2 -10 -11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 108 118 140 168 174 165 148 173 214 182 174 174
Inventory Days 149 132 157 156 211 227 199 262 293 283 211 218
Days Payable 117 98 125 164 148 154 104 104 126 128 100 116
Cash Conversion Cycle 140 152 173 160 236 237 244 332 381 337 285 276
Working Capital Days 134 139 160 163 210 224 215 275 315 288 250 236
ROCE % 17% 14% 15% 14% 11% 8% 9% 7% 6% 6% 9% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66%
0.08% 0.01% 0.00% 0.06% 0.43% 0.02% 0.43% 0.00% 0.00% 0.24% 0.74% 0.51%
1.26% 1.26% 1.26% 1.26% 0.82% 0.31% 0.24% 0.23% 0.23% 0.32% 0.23% 0.23%
26.00% 26.07% 26.08% 26.03% 26.09% 27.02% 26.68% 27.12% 27.12% 26.78% 26.38% 26.59%
No. of Shareholders 66,12767,24866,98965,87266,12465,65664,21573,57578,5111,15,8261,25,0851,42,907

* 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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Documents

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