HP Telecom India Ltd
Founded in March 2011, HP Telecom India Limited is a distributor of mobile phones, accessories, and home appliances[1]
- Market Cap ₹ 319 Cr.
- Current Price ₹ 268
- High / Low ₹ 327 / 102
- Stock P/E 21.0
- Book Value ₹ 69.9
- Dividend Yield 0.00 %
- ROCE 16.4 %
- ROE 24.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 57.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Services Services Commercial Services & Supplies Trading & Distributors
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 254 | 236 | 292 | 637 | 1,079 | 1,596 | 1,982 | |
| 253 | 232 | 287 | 625 | 1,060 | 1,570 | 1,949 | |
| Operating Profit | 1 | 3 | 5 | 12 | 19 | 26 | 33 |
| OPM % | 0% | 1% | 2% | 2% | 2% | 2% | 2% |
| 2 | 0 | 1 | 1 | 1 | 2 | 2 | |
| Interest | 1 | 2 | 3 | 5 | 8 | 11 | 14 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 2 | 3 | 8 | 12 | 17 | 21 |
| Tax % | 24% | 29% | 25% | 25% | 26% | 26% | |
| 1 | 2 | 2 | 6 | 9 | 13 | 15 | |
| EPS in Rs | 2.57 | 3.05 | 3.65 | 10.89 | 9.82 | 10.56 | 12.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 76% |
| TTM: | 61% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 58% |
| 3 Years: | 90% |
| TTM: | 42% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 130% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 29% |
| Last Year: | 24% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 6 | 6 | 9 | 12 | 12 |
| Reserves | 5 | 6 | 10 | 15 | 20 | 64 | 71 |
| 23 | 26 | 24 | 59 | 100 | 133 | 117 | |
| 1 | 2 | 6 | 14 | 145 | 63 | 239 | |
| Total Liabilities | 34 | 40 | 46 | 94 | 274 | 272 | 439 |
| 2 | 2 | 2 | 1 | 2 | 2 | 2 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 2 | 4 | 9 | 23 | 30 | 40 |
| 29 | 36 | 40 | 83 | 249 | 240 | 397 | |
| Total Assets | 34 | 40 | 46 | 94 | 274 | 272 | 439 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 2 | -5 | 7 | -26 | -48 | ||
| 0 | -2 | -5 | -13 | -6 | ||
| 2 | -2 | 30 | 33 | 58 | ||
| Net Cash Flow | 4 | -8 | 32 | -6 | 5 | |
| Free Cash Flow | 2 | -5 | 7 | -27 | -48 | |
| CFO/OP | 69% | -82% | 75% | -126% | -170% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 18 | 22 | 29 | 13 | 18 | 16 |
| Inventory Days | 12 | 14 | 16 | 13 | 42 | 20 |
| Days Payable | -4 | 0 | 6 | 6 | 49 | 13 |
| Cash Conversion Cycle | 33 | 36 | 39 | 20 | 11 | 22 |
| Working Capital Days | -3 | -7 | 7 | -15 | -9 | 2 |
| ROCE % | 10% | 13% | 22% | 19% | 16% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Apple iPhone Sales Volume Units |
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| Apple Product Revenue Contribution % |
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| Number of Dealers Numbers |
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| Working Capital Cycle Days |
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Documents
Announcements
-
Credit Rating
25 March 2026 - CARE reaffirms HPTL: ₹99.50cr LT BBB-; ₹75.50cr LT/ST BBB-/A3; outlook Positive.
-
Trading Window
25 March 2026 - Trading window closed 1 Apr 2026 until 48 hours after audited results for half-year/year ended 31 Mar 2026.
-
Commencement of commercial production/operations
25 February 2026 - HP Telecom to commence commercial operations in Delhi from April 2026.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
9 January 2026 - Regulation 74(5) not applicable for quarter ended 31 Dec 2025; all shares demat, no rematerialisation requests.
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Agreements
27 December 2025 - 27 Dec 2025: HP Telecom proposes acquiring Kabir Technologies; target turnover ~INR152.52 crore; due diligence ongoing.
Business Overview[1]
HP Telecom India Limited (HPTIL) distributes mobile phones, accessories, and home appliances. Initially, the company focused on distributing brands like Sony, Nokia, Micro Max, Intex, and Gionee in Gujarat. Over time, it secured exclusive distribution rights for Jio products in Gujarat and Apple products in Madhya Pradesh, Chhattisgarh, and parts of Uttar Pradesh and Gujarat.