HBL Engineering logo

HBL Engineering

HBLENGINE NSE

Key Fundamentals

SmallcapAuto ComponentsAutomobiles
Market Cap
₹19,930 Cr
Volatility
Moderate
P/E Ratio
25.64
EBITDA
₹1,172 Cr
Return on Equity
36.79%
Debt to Equity
0.03
Book Value
₹79.88
EPS
₹11.84
52W High
₹1,122
52W Low
₹613

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

4
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 118% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.1%

Weaknesses

1
  • Stock is trading at 9.04 times its book value

Growth Rate

Revenue Growth
68.71% higher than 3Y
Net Income Growth
195% higher than 3Y
Cash Flow Change
199% higher than 3Y
ROE
97.27% higher than 3Y
ROCE
87.11% higher than 3Y
EBITDA Margin (Avg.)
66.16% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

HBL Engineering Ltd has a market cap of ₹19,930 Cr with a PE of 25.6x and trades at 9.02x book value. The company has delivered exceptional profit growth of 118% CAGR over 5 years and 134% TTM, with a strong ROE of 45% last year, while the stock has declined 16% over the past 1 year after a 71% CAGR over 5 years.

Bull Case 7
  • Exceptional profit growth with 5-year compounded profit CAGR of 118% and TTM profit growth of 134%, indicating strong earnings momentum
  • Company is almost debt free, providing financial resilience and flexibility for future capital allocation
  • Outstanding return on equity at 45% last year, with a 3-year average ROE of 33%, well above typical industrial benchmarks
  • Strong revenue acceleration with TTM sales growth of 63%, significantly above the 5-year compounded sales CAGR of 29%
  • Long-term wealth creation track record with stock CAGR of 71% over 5 years and 36% over 10 years
  • Improving profitability trend visible in ROE progression from 18% over 10 years to 27% over 5 years to 33% over 3 years to 45% last year
  • PE of 25.6x is not extreme relative to the triple-digit profit growth rate, suggesting earnings are catching up to valuation
Bear Case 7
  • Stock trades at 9.02x price-to-book value, a steep premium that leaves limited margin of safety if growth slows
  • Stock has declined 16% over the past 1 year despite strong earnings, suggesting the market may be repricing growth expectations
  • TTM sales growth of 63% is nearly double the 5-year CAGR of 29%, raising questions about sustainability of this elevated growth rate
  • 10-year compounded sales CAGR of only 10% versus recent 63% TTM growth suggests the current growth phase may be cyclical rather than structural
  • Dividend yield of just 0.42% offers minimal income return for shareholders at current valuations
  • TTM profit growth of 134% far exceeds revenue growth of 63%, indicating margin expansion that may be difficult to sustain at these levels
  • At ₹19,930 Cr market cap with a PE of 25.6x, the stock is priced for continued high growth with limited room for execution misses

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Neutral 1
  • Record date for AGM dividend Sep 3

    HBL Engineering fixed September 11, 2026 as the record date for its 40th AGM and dividend. Shareholders must hold equity shares on that date to be eligible for the payout and e-voting rights.

TL;DR: Limited recent news flow for HBL Engineering, with only a routine corporate action announced. The company has set a September 11 record date for its 40th AGM dividend, which is standard housekeeping rather than a material catalyst. With no headwinds or positive triggers in the current news cycle, the near-term outlook depends on broader sector trends and upcoming quarterly results.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
467
557
599
610
520
521
451
476
602
1,223
874
604
638
Expenses
390
456
486
479
410
412
357
396
410
679
572
529
491
Operating Profit
78
101
113
131
110
109
94
79
192
544
302
75
147
OPM %
17%
18%
19%
22%
21%
21%
21%
17%
32%
44%
35%
12%
23%
Other Income
3
3
2
-19
5
12
2
6
17
-8
10
10
21
Interest
2
3
3
4
2
3
5
4
6
3
3
2
5
Depreciation
10
10
11
11
11
11
11
11
12
12
12
15
12
PBT
69
91
102
98
103
107
79
71
191
520
297
67
149
Tax %
25%
26%
23%
33%
26%
29%
26%
26%
26%
26%
27%
18%
26%
Net Profit
52
68
79
81
80
87
65
45
143
387
220
64
109
EPS in Rs
1.87
2.48
2.85
2.94
2.89
3.15
2.33
1.62
5.17
13.97
7.96
2.3
3.94
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,349
1,299
1,414
1,603
1,266
1,092
912
1,236
1,369
2,233
1,967
3,303
3,339
Expenses
1,210
1,164
1,286
1,477
1,169
1,011
845
1,097
1,217
1,810
1,574
2,190
2,271
Operating Profit
139
134
129
126
97
81
67
139
151
423
393
1,113
1,068
OPM %
10%
10%
9%
8%
8%
7%
7%
11%
11%
19%
20%
34%
32%
Other Income
9
12
21
16
21
22
6
26
20
8
38
44
32
Interest
71
68
46
41
31
22
15
7
7
13
13
15
14
Depreciation
53
51
48
46
44
41
39
35
35
41
44
51
52
PBT
24
27
54
55
43
40
19
122
130
377
374
1,092
1,034
Tax %
43%
45%
29%
42%
35%
35%
29%
23%
24%
26%
26%
25%
—
Net Profit
14
15
38
32
28
26
14
94
98
280
276
814
780
EPS in Rs
0.56
0.59
1.53
1.14
1
0.95
0.5
3.39
3.56
10.13
9.99
29.4
28.17
Div. Payout %
36%
42%
18%
22%
30%
32%
71%
12%
13%
5%
10%
10%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
25
25
28
28
28
28
28
28
28
28
28
28
Reserves
539
584
701
724
739
745
754
838
924
1,193
1,455
2,187
Borrowings
686
549
479
366
232
161
70
63
86
67
74
67
Other Liabilities
311
277
258
224
162
169
184
204
257
366
422
661
Total Liabilities
1,562
1,435
1,467
1,342
1,161
1,103
1,036
1,133
1,294
1,654
1,980
2,942
Fixed Assets
456
415
417
363
321
304
279
265
320
354
397
441
CWIP
49
48
33
26
37
27
43
81
50
20
68
127
Investments
2
8
8
5
5
6
7
8
9
108
290
402
Other Assets
1,054
964
1,008
947
797
766
707
779
915
1,171
1,225
1,972
Total Assets
1,562
1,435
1,467
1,342
1,161
1,103
1,036
1,133
1,294
1,654
1,980
2,942
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
79
158
43
159
167
149
121
62
122
270
247
738
Investing
-13
-10
60
-8
1
-6
-32
-17
-50
-137
-320
-214
Financing
-66
-153
-114
-150
-163
-114
-104
-22
10
-42
-33
-113
Net Cash Flow
0
-5
-11
1
5
29
-14
23
82
91
-107
411
Free Cash Flow
62
144
5
149
168
140
86
41
68
204
96
594
CFO/OP
60
125
41
149
192
201
184
65
105
85
88
93
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
106
120
122
103
105
102
102
86
83
58
69
71
Inventory Days
226
185
168
126
145
162
188
149
147
137
201
148
Days Payable
81
77
68
43
34
41
44
42
43
41
68
49
Cash Conversion Cycle
252
228
222
186
216
222
246
193
188
154
202
171
Working Capital Days
57
55
66
73
104
121
149
126
117
81
106
85
ROCE %
8%
8%
8%
9%
6%
6%
4%
13%
14%
36%
27%
59%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs0.98%Promot.59.11%Others5.23%FIIs5.62%Public29.05%As ofJun 2026

Documents

Frequently Asked Questions about HBL Engineering

What does HBL Engineering Ltd do?
Incorporated in 1983, HBL Power System Ltd manufactures and services different types of batteries, e-mobility, and other products[1]
Where is HBL Engineering Ltd (HBLENGINE) listed?
HBL Engineering Ltd trades as HBLENGINE on the NSE and under code 517271 on the BSE.
Which sector does HBL Engineering Ltd belong to?
HBL Engineering Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the market capitalisation of HBL Engineering Ltd?
HBL Engineering Ltd has a market capitalisation of ₹19,930 Cr, which places it in the Mid Cap band.
What is the PE ratio of HBL Engineering Ltd?
HBL Engineering Ltd trades at a PE ratio of 25.64, on earnings per share of ₹11.84, against a book value of ₹79.88 per share.
What is the 52-week high and low of HBL Engineering Ltd?
Over the last 52 weeks HBL Engineering Ltd has traded between ₹613 and ₹1,122.
Does HBL Engineering Ltd pay dividends?
HBL Engineering Ltd has a dividend yield of 0.42%.
What is the Return on Equity (ROE) of HBL Engineering Ltd?
HBL Engineering Ltd reported a return on equity of 36.79%. Its debt-to-equity ratio is 0.03.

Company Information

Incorporated in 1983, HBL Power System Ltd manufactures and services different types of batteries, e-mobility, and other products[1]

Website hbl.in
CEO Dr. Aluru Jagadish Prasad
Employees 2,152
Listed 2007-01-04
Face Value ₹ 1
Issued Size 27,71,94,946

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