HBL Engineering Ltd
NSE: HBLENGINE · Other Industrial Products · sector
₹760.80NSE close 2026-10-26
Key numbers
Market cap₹21,089 cr
Price₹760.80
52w high / low₹1,122 / ₹613
P/E22.8xSector median 23.1x
P/B9.5xSector median 3.1x
Book value₹79.9
Dividend yield–Sector median 0.43%
ROE50.0%Sector median 9.8%
ROCE55.1%Sector median 13.0%
OPM31.2%Sector median 10.1%
Debt / equity0.02xSector median 0.23x
EV/EBITDA16.6xSector median 14.2x
Interest cover61.9x
Current ratio3.57x
Sales growth 3y+34.1%Sector median +13.6%
Profit growth 3y+102.2%Sector median +11.4%
PEG0.22x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Other Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹692 cr vs borrowings ₹44 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹78 cr → ₹44 cr).
- Operating profit covered interest 61.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 9% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹760.80 on 2026-10-26: -32.2% from the 52-week high, +24.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,028.70 · low ₹418.75
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 521 | 451 | 476 | 602 | 1,825 | 874 | 604 | 638 |
| EBITDA | 109 | 94 | 78 | 189 | 709 | 301 | 71 | 147 |
| OPM % | 20.9% | 20.8% | 16.5% | 31.4% | 38.9% | 34.5% | 11.8% | 23.0% |
| Other income | 12 | 2 | 7 | 20 | 35 | 11 | 13 | 21 |
| Net profit | 87 | 65 | 45 | 143 | 531 | 221 | 64 | 109 |
| EPS (₹) | 3.13 | 2.31 | 0.00 | 5.16 | 19.12 | 7.95 | 2.32 | 3.95 |
| Revenue YoY | +250.3% | +94.0% | +27.0% | +6.0% | ||||
| Profit YoY | +508.0% | +241.4% | +41.8% | -23.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,236 | 1,369 | 2,233 | 1,967 | 3,303 | 3,941 |
| EBITDA | 150 | 153 | 395 | 391 | 1,082 | 1,228 |
| Net profit | 94 | 99 | 281 | 277 | 815 | 924 |
| EPS (₹) | 3.35 | 3.51 | 10.07 | 0.00 | 29.39 | 33.34 |
| Revenue growth | +10.7% | +63.2% | -11.9% | +67.9% | +92.3% | |
| Profit growth | +5.1% | +184.7% | -1.4% | +194.3% | +171.7% | |
| Dividend / share (₹) | 0.35 | 0.40 | 0.45 | 0.50 | 3.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +34.1% | +29.4% | +92.3% |
| Net profit | +102.1% | +126.3% | +171.7% |
| EPS | +103.1% | +131.7% | – |
| Share price | – | – (2y) | -17.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 951 | 1,221 | 1,483 | 2,214 |
| Borrowings | – | 78 | 59 | 55 | 44 |
| Cash & equivalents | – | 146 | 235 | 223 | 692 |
| Total assets | – | 1,294 | 1,654 | 1,980 | 2,942 |
| Fixed assets | – | 301 | 338 | 373 | 417 |
| Capital work in progress | – | 25 | 20 | 68 | 127 |
| Investments | – | 9 | 70 | 91 | 131 |
| Receivables | – | 312 | 382 | 373 | 646 |
| Inventory | – | 336 | 433 | 534 | 562 |
| Payables | – | 98 | 130 | 181 | 185 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 164 | 151 | 424 | 463 | 780 |
| Cash from investing | 96 | -61 | -39 | 347 | -254 |
| Cash from financing | 19 | -8 | 8 | 16 | -113 |
| Capex | 68 | 65 | 53 | 122 | 150 |
| Free cash flow | 95 | 86 | 371 | 341 | 629 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 10.4% | 23.0% | 18.7% | 36.8% |
| ROCE % | – | 13.1% | 29.1% | 24.3% | 48.3% |
| Debtor days | – | 83 | 62 | 69 | 71 |
| Inventory days | – | 147 | 137 | 201 | 148 |
| Payable days | – | 43 | 41 | 68 | 49 |
| Cash conversion cycle (days) | – | 187 | 158 | 202 | 170 |
| Working capital days | – | 156 | 115 | 147 | 161 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 59.11% |
| FIIs | 5.34% |
| DIIs | 1.64% |
| of which Mutual funds | 1.10% |
| of which Insurance | 0.08% |
| Government | 0.00% |
| Public (non-institutions) | 33.91% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 59.11% | 59.11% | 59.11% | 59.11% | 59.11% | 59.11% | 59.11% | 59.11% |
| Promoter group | % |
|---|---|
| Kavita Prasad Aluru - Trustee for Aluru Family Private Trust | 51.30% |
| Kavita Prasad Aluru | 3.53% |
| Mikkilineni Advay Bhagirath | 1.41% |
| Aluru Jagadish Prasad | 0.97% |
| Mikkilineni Deeksha | 0.75% |
| Satyanarayana Subramani Srinath Mikkilineni | 0.71% |
| UMA Devi Aluru | 0.34% |
| Kavita Prasad Aluru - Trustee for Mikkilineni Family Private Trust | 0.09% |
3,52,694 shareholders. Pledged: 0.00% of promoter shares.
Peers in Other Industrial Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| HBLENGINE | ₹21,089 cr | 22.8x | 9.5x | 50.0% | 55.1% | 31.2% | +34.1% | – |
| INOXINDIA | ₹17,251 cr | 67.7x | 15.4x | 25.8% | 29.2% | 21.0% | – | 0.10% |
| ESABINDIA | ₹8,178 cr | 36.9x | 19.1x | 56.1% | 69.1% | 19.5% | +11.4% | 1.73% |
| KRN | ₹7,000 cr | 69.0x | 12.2x | 18.1% | 17.1% | 19.6% | – | – |
| SUBROS | ₹3,885 cr | 23.4x | 3.1x | 14.2% | 18.1% | 8.1% | +10.2% | 0.43% |
| HARSHA | ₹3,716 cr | 24.0x | 2.6x | 11.7% | 13.2% | 14.6% | +6.0% | 0.25% |
| ADOR | ₹2,272 cr | 19.7x | 4.0x | 21.7% | 27.2% | 12.1% | +13.6% | 1.53% |
| DIFFNKG | ₹1,495 cr | 27.2x | 3.7x | 14.1% | 15.3% | 13.8% | – | 0.38% |
| MICEL | ₹865 cr | – | 4.0x | -5.5% | 8.8% | 11.4% | +102.6% | – |
| HTEL | ₹645 cr | – | – | – | – | – | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Electronics | ₹1,626 cr | 49.1% | ₹818 cr | 50.3% |
| Industrial Batteries | ₹1,416 cr | 42.8% | ₹341 cr | 24.1% |
| Defence & aviation batteries | ₹212 cr | 6.4% | ₹58 cr | 27.2% |
| Unallocated | ₹57 cr | 1.7% | ₹-78 cr | -136.2% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Re 1 Per Share |
| 2026-02-13 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2025-09-12 | Dividend | Dividend - Re 1 Per Share |
| 2024-09-13 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2023-09-15 | Dividend | Annual General Meeting/Dividend - Re 0.45 Per Share |
| 2022-09-15 | Dividend | Annual General Meeting/Dividend - Re 0.40 Per Share |
| 2021-09-16 | Dividend | Dividend - Rs 0.35 Per Share |
| 2020-09-16 | Dividend | Annual General Meeting/Dividend - Rs 0.10 Per Share |
| 2020-02-26 | Dividend | Interim Dividend-Re 0.20 Per Share |
| 2019-09-18 | Dividend | Annual General Meeting/Dividend - Rs 0.30 Per Share |
| 2018-09-18 | Dividend | Annual General Meeting/Dividend- Re 0.25 Per Share |
| 2017-09-18 | Dividend | Annual General Meeting/Dividend - Re 0.25 Per Share |
| 2016-09-21 | Dividend | Annual General Meeting/Dividend Re 0.25 Per Share |
| 2015-09-21 | Dividend | Annual General Meeting / Dividend - Re 0.20/- Per Share |
| 2014-12-18 | Dividend | Annual General Meeting / Dividend - Re 0.20/- Per Share |
| 2013-09-19 | Dividend | Annual General Meeting / Dividend - Re 0.15 Per Share |
| 2012-12-14 | Dividend | Annual General Meeting / Dividend Re 0.15 Per Share |
| 2011-08-29 | Dividend | Annual General Meeting And Dividend Re.0.10 Per Share |
| 2010-09-20 | Dividend | Annual General Meeting And Dividend Re.0.30 Per Share |
| 2009-11-24 | Split | Fv Split Rs.10/- To Re.1/ |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Other Industrial Products |
| Sub-industry | Other Industrial Products |
| Symbol | HBLENGINE |
| BSE code | 517271 |
| ISIN | INE292B01021 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.