HPL Electric & Power Ltd
NSE: HPL · Industrial Products · sector
₹227.25NSE close 2026-10-26
Key numbers
Market cap₹1,461 cr
Price₹227.25
52w high / low₹480 / ₹227
P/E16.0xSector median 24.2x
P/B1.5xSector median 2.8x
Book value₹155.6
Dividend yield0.44%Sector median 0.50%
ROE9.5%Sector median 11.5%
ROCE12.4%Sector median 13.4%
OPM14.5%Sector median 10.3%
Debt / equity0.75xSector median 0.17x
EV/EBITDA7.6xSector median 16.7x
Interest cover2.3x
Current ratio1.36x
Sales growth 3y+12.8%Sector median +10.2%
Profit growth 3y+44.5%Sector median +12.8%
PEG0.36x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹81 cr vs borrowings ₹750 cr (FY26): borrowings are higher by ₹669 cr.
- Borrowings rose in each of the last 3 years (₹598 cr → ₹750 cr).
- Operating profit covered interest 2.3x in the last 12 months.
- 3.02% of the promoters' shares are pledged (2.2% of all shares).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 6% of net profit in the last 12 months.
- Debtor days went from 174 (FY24) to 154 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹227.25 on 2026-10-26: -52.6% from the 52-week high, 0.0% 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 ₹625.85 · low ₹227.25
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 422 | 392 | 493 | 383 | 434 | 474 | 520 | 515 |
| EBITDA | 61 | 56 | 82 | 58 | 66 | 66 | 86 | 63 |
| OPM % | 14.3% | 14.2% | 16.7% | 15.1% | 15.2% | 14.0% | 16.5% | 12.3% |
| Other income | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 |
| Net profit | 22 | 18 | 37 | 18 | 22 | 19 | 31 | 19 |
| EPS (₹) | 3.35 | 2.81 | 5.78 | 2.87 | 3.46 | 3.02 | 4.80 | 2.90 |
| Revenue YoY | +2.9% | +20.8% | +5.5% | +34.5% | ||||
| Profit YoY | +3.2% | +7.6% | -16.9% | +1.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,014 | 1,262 | 1,461 | 1,700 | 1,811 | 1,943 |
| EBITDA | 125 | 157 | 192 | 255 | 276 | 281 |
| Net profit | 8 | 30 | 44 | 94 | 91 | 91 |
| EPS (₹) | 1.21 | 4.69 | 6.78 | 14.58 | 14.15 | 14.18 |
| Revenue growth | +24.5% | +15.7% | +16.4% | +6.5% | +15.0% | |
| Profit growth | +288.4% | +44.3% | +115.3% | -2.9% | -4.2% | |
| Dividend / share (₹) | 0.15 | 0.15 | 1.00 | 1.00 | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +12.8% | +15.7% | +15.0% |
| Net profit | +44.5% | +55.6% | -4.2% |
| EPS | +44.5% | +55.6% | – |
| Share price | – | -31.6% (2y) | -45.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 794 | 828 | 915 | 1,000 |
| Borrowings | – | 598 | 623 | 633 | 750 |
| Cash & equivalents | – | 70 | 59 | 61 | 81 |
| Total assets | – | 1,701 | 1,874 | 2,095 | 2,398 |
| Fixed assets | – | 450 | 461 | 492 | 608 |
| Capital work in progress | – | 9 | 10 | 8 | 41 |
| Investments | – | 0 | 0 | 0 | 10 |
| Receivables | – | 603 | 697 | 714 | 765 |
| Inventory | – | 486 | 573 | 697 | 749 |
| Payables | – | 230 | 305 | 430 | 536 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 101 | 104 | 100 | 138 | 226 |
| Cash from investing | -41 | -40 | -39 | -70 | -223 |
| Cash from financing | -58 | -74 | -72 | -66 | 16 |
| Capex | 43 | 42 | 42 | 74 | 213 |
| Free cash flow | 58 | 62 | 58 | 65 | 13 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 3.8% | 5.3% | 10.2% | 9.1% |
| ROCE % | – | 8.8% | 10.9% | 14.0% | 12.4% |
| Debtor days | – | 174 | 174 | 153 | 154 |
| Inventory days | – | 211 | 218 | 230 | 236 |
| Payable days | – | 100 | 116 | 142 | 169 |
| Cash conversion cycle (days) | – | 285 | 276 | 241 | 221 |
| Working capital days | – | 110 | 117 | 95 | 91 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 72.66% |
| FIIs | 0.50% |
| DIIs | 0.10% |
| Public (non-institutions) | 26.74% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 72.66% | 72.66% | 72.66% | 72.66% | 72.66% | 72.66% | 72.66% | 72.66% |
| Promoter group | % |
|---|---|
| HPL India Limited | 27.33% |
| HPL Electronics Private Limited | 18.12% |
| Lalit Seth | 12.49% |
| HPL Holdings Private Limited | 4.42% |
| Gautam Seth | 3.47% |
| Rishi Seth | 3.47% |
| Praveen Seth | 3.32% |
| Jesons Impex PVT Ltd | 0.04% |
1,19,435 shareholders. Pledged: 3.02% of promoter shares.
Peers in Industrial Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDOMIM | ₹52,085 cr | – | – | – | – | – | – | – |
| CPPLUS | ₹45,577 cr | 94.7x | 24.3x | 25.5% | 33.3% | 14.5% | – | 0.04% |
| SYRMA | ₹28,803 cr | 77.7x | 10.1x | 17.4% | 17.6% | 11.1% | +33.0% | 0.10% |
| HONAUT | ₹27,500 cr | 50.1x | 6.2x | 13.0% | 16.9% | 13.3% | +10.7% | 0.34% |
| KAYNES | ₹22,167 cr | 64.0x | 4.7x | 9.1% | 11.1% | 15.5% | +47.7% | – |
| JYOTICNC | ₹20,523 cr | 63.8x | 10.3x | 17.4% | 18.5% | 24.4% | – | – |
| LMW | ₹17,267 cr | 84.2x | 5.7x | 7.0% | 9.3% | 7.1% | -12.1% | 0.19% |
| TEGA | ₹12,752 cr | 447.9x | 3.7x | 0.9% | 4.5% | 7.5% | +11.7% | 0.11% |
| LLOYDSENGG | ₹12,248 cr | 48.1x | 7.3x | 14.1% | 15.1% | 14.2% | +60.9% | 0.27% |
| HPL | ₹1,461 cr | 16.0x | 1.5x | 9.5% | 12.4% | 14.5% | +12.8% | 0.44% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Metering, Systems & Services | ₹1,026 cr | 56.7% | ₹180 cr | 17.5% |
| Consumer, Industrial & Services | ₹785 cr | 43.3% | ₹80 cr | 10.2% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-17 | Dividend | Dividend - Re 1 Per Share |
| 2025-09-22 | Dividend | Dividend - Re 1 Per Share |
| 2024-09-23 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2023-09-22 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2022-09-22 | Dividend | Annual General Meeting/Dividend - Re 0.15 Per Share |
| 2021-09-22 | Dividend | Annual General Meeting/Dividend - Rs 0.15 Per Share |
| 2020-09-22 | Dividend | Annual General Meeting/Dividend - Rs 0.15 Per Share |
| 2019-09-18 | Dividend | Annual General Meeting/Dividend - Rs 0.2 Per Share |
| 2018-09-18 | Dividend | Annual General Meeting/Dividend Re 1 Per Share |
| 2017-09-19 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Electrical equipment and power distribution:
| Sector | Industrials |
| Industry | Industrial Products |
| Sub-industry | Industrial Products |
| Symbol | HPL |
| BSE code | 540136 |
| ISIN | INE495S01016 |
| Face value | ₹10.0 |
| Incorporated | 1992-05-28 |
| Website | www.hplindia.com |
| Plants (India / abroad) | 7 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.