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HPL Electric & Power

HPL NSE
₹246.57 +8.55 (+3.59%)
P/E
17.39
View as Markdown
MCP
Close 4 Nov 2026 ₹246.57 −178.98 −42.1% 1Y
Start ₹425.55

Key Fundamentals

MicrocapIndustrial ManufacturingCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
13.50%
Debt to Equity
0.76
EPS (TTM)
₹14.18
Book Value
₹155.55
Market Cap
—
P/E (TTM)
17.39
P/B
1.59
ROE
9.95%
Dividend Yield
0.42%
EBITDA
₹286 Cr
52W High
₹479.90
52W Low
₹223.60
Day Range
₹234.25 – ₹248.00
Volume
1,10,102

Peer Comparison

Industrials › Consumer Goods › Electronics › Industrial Products

HPL Electric & Power peer comparison
₹1,240.10106.91₹59,516 Cr18.470.55%23.40%25.00%₹3,482 Cr₹562 Cr
₹3,999.8098.59₹46,234 Cr14.530.04%25.40%28.60%₹4,883 Cr₹477 Cr
₹1,512.6079.19₹28,543 Cr9.590.10%14.00%16.80%₹5,464 Cr₹401 Cr
₹29,810.0047.82₹25,976 Cr5.650.38%12.60%17.00%₹4,703 Cr₹552 Cr
₹1,034.9573.19₹22,990 Cr11.010.00%18.20%21.30%₹2,191 Cr₹323 Cr
₹3,330.0064.57₹21,957 Cr4.710.00%8.69%12.70%₹3,899 Cr₹345 Cr
₹17,358.00106.09₹18,108 Cr6.100.21%4.05%5.58%₹3,374 Cr₹176 Cr
HPL Electric & Power (this company)
₹246.5717.39₹1,549 Cr1.590.42%9.95%13.50%₹1,943 Cr₹92 Cr
Median 8 companies₹2,421.3076.19₹24,483 Cr7.850.16%13.30%16.90%₹3,690 Cr₹373 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

46 Average

Data confidence 100/100

Category scores

Quality
51
Average
Returns, margins, earnings quality 22% weight
Valuation
71
Strong
Cheap vs sector & own history 24% weight
Growth
46
Average
Sales & profit trajectory 9% weight
Financial Health
22
Poor
Solvency, leverage, coverage 9% weight
Momentum
13
Poor
Trend strength, vol-adjusted 12% weight
Ownership
36
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 57.1% CAGR over last 5 years

Weaknesses

2
  • Company has a low return on equity of 8.85% over last 3 years.
  • Company has high debtors of 154 days.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsNeutral252
Moving AveragesStrong Bearish802

Key readings

RSI (14)
45.46
Neutral
MACD (12,26,9)
−10.83
Bullish
SMA (50)
272.46
Bearish
SMA (200)
323.16
Bearish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+4.96%
5Y+15.66%
3Y+12.79%
1Y+6.53%
TTM+14.97%

Net profit

Net profit growth by window
10Y+9.42%
5Y+55.53%
3Y+44.76%
1Y−3.19%
TTM−3.16%

Operating cash flow

Operating cash flow growth by window
10Y+8.18%
5Y+21.60%
3Y+29.53%
1Y+63.77%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.94 pp
5Y+1.97 pp
3Y+3.13 pp
1Y+0.57 pp
TTM−0.44 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹986 Cr
Mar 2018₹1,036 Cr
Mar 2019₹1,158 Cr
Mar 2020₹977 Cr
Mar 2021₹875 Cr
Mar 2022₹1,014 Cr
Mar 2023₹1,262 Cr
Mar 2024₹1,461 Cr
Mar 2025₹1,700 Cr
Mar 2026₹1,811 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹26.00 Cr
Mar 2018₹28.00 Cr
Mar 2019₹33.00 Cr
Mar 2020₹22.00 Cr
Mar 2021₹10.00 Cr
Mar 2022₹8.00 Cr
Mar 2023₹30.00 Cr
Mar 2024₹44.00 Cr
Mar 2025₹94.00 Cr
Mar 2026₹91.00 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹286 Cr −0.1% vs FY26
Reported High Mean Low

Quarterly Results

₹ Cr
HPL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
321
350
366
424
393
422
392
493
383
434
474
520
515
Expenses
281
303
316
369
337
362
337
410
325
369
402
434
452
Operating Profit
40
47
50
55
56
61
56
82
58
66
72
86
63
OPM %
12%
13%
14%
13%
14%
14%
14%
17%
15%
15%
15%
17%
12%
Other Income
1
1
1
2
1
1
1
2
1
1
−5
2
2
Interest
22
22
22
24
24
22
21
23
23
24
26
22
22
Depreciation
9
9
9
12
10
11
11
11
12
13
15
24
18
PBT
11
17
19
21
23
29
24
51
25
30
26
42
25
Tax %
36%
35%
37%
36%
26%
26%
26%
27%
26%
27%
25%
26%
26%
Net Profit
7
11
12
14
17
22
18
37
18
22
20
31
19
EPS (₹)
1.08
1.71
1.86
2.13
2.65
3.35
2.81
5.78
2.87
3.46
3.02
4.8
2.9

Profit & Loss

₹ Cr
HPL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,047
1,116
986
1,036
1,158
977
875
1,014
1,262
1,461
1,700
1,811
1,943
Expenses
922
975
862
926
1,025
851
756
889
1,105
1,268
1,445
1,529
1,657
Operating Profit
125
141
124
110
134
126
119
125
157
193
255
282
287
OPM %
12%
13%
13%
11%
12%
13%
14%
12%
12%
13%
15%
16%
15%
Other Income
5
5
5
4
4
4
4
4
4
3
4.88
−1
0
Interest
70
78
68
51
58
61
64
68
75
90
90
94
94
Depreciation
16
19
24
23
32
37
45
47
38
39
42
63
70
PBT
44
48
37
40
48
31
14
14
47
68
128
123
124
Tax %
21%
24%
30%
32%
32%
28%
27%
44%
35%
36%
26%
26%
—
Net Profit
35
37
26
28
33
22
10
8
30
44
94
91
91
EPS (₹)
18.64
7.89
4.01
4.27
5.06
3.39
1.55
1.21
4.69
6.77
14.58
14.15
14.18
Div. Payout %
1%
1%
37%
23%
4%
4%
10%
12%
21%
15%
7%
7%
—

Balance Sheet

₹ Cr
HPL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
19
46
64
64
64
64
64
64
64
64
64
64
Reserves
300
308
624
640
664
684
694
700
729
764
851
936
Borrowings
514
579
376
486
526
586
582
597
600
627
639
755
Other Liabilities
308
405
363
331
266
234
250
276
307
419
540
643
Total Liabilities
1,141
1,338
1,427
1,521
1,521
1,569
1,590
1,638
1,701
1,874
2,095
2,398
Fixed Assets
307
335
399
425
453
494
464
447
451
461
498
614
CWIP
0
3
0
0
7
3
2
10
9
10
8
41
Investments
15
54
0
0
0
0
0
0
0
0
0
10
Other Assets
819
947
1,028
1,095
1,060
1,072
1,124
1,181
1,241
1,403
1,589
1,733
Total Assets
1,141
1,338
1,427
1,521
1,521
1,569
1,590
1,638
1,701
1,874
2,095
2,398

Cash Flow

₹ Cr
HPL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
27
103
3
20
83
63
85
101
104
100
138
226
Investing
−39
−92
−51
−59
−57
−60
−8
−41
−40
−39
−70
−223
Financing
20
−14
49
40
−29
−3
−71
−58
−74
−72
−66
16
Net Cash Flow
8
−3
1
2
−3
0
6
2
−10
−11
2
20
Free Cash Flow
−16
46
−52
−42
22
−1
72
57
61
57
63
10
CFO/OP
30
79
9
29
68
55
72
83
71
59
65
93

Ratios

HPL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
140
168
174
165
148
173
214
182
174
174
153
154
Inventory Days
157
156
211
227
199
262
293
283
211
218
230
236
Days Payable
125
164
148
154
104
104
126
128
100
116
142
169
Cash Conversion Cycle
173
160
236
237
244
332
381
337
285
276
241
221
Working Capital Days
24
22
76
63
60
79
103
95
90
103
82
75
ROCE %
15%
14%
11%
8%
9%
7%
6%
6%
9%
11%
14%
13%

Insights

Beta

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

Log in to view HPL Electric & Power insights

66 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 72.66%
  • Public 23.48%
  • Others 3.26%
  • FIIs 0.50%
  • DIIs 0.10%

3.02% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about HPL Electric & Power

What does HPL Electric & Power Ltd do?
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.
Where is HPL Electric & Power Ltd (HPL) listed?
HPL Electric & Power Ltd trades as HPL on the NSE and under code 540136 on the BSE.
Which sector does HPL Electric & Power Ltd belong to?
HPL Electric & Power Ltd is classified under the Consumer Goods sector, in the Electronics industry.
What is the PE ratio of HPL Electric & Power Ltd?
HPL Electric & Power Ltd trades at a PE ratio of 17.39 as of 4 Nov 2026, on earnings per share of ₹14.18, against a book value of ₹155.55 per share.
What is the 52-week high and low of HPL Electric & Power Ltd?
Over the last 52 weeks HPL Electric & Power Ltd has traded between ₹223.6 and ₹479.9 as of 4 Nov 2026.
Does HPL Electric & Power Ltd pay dividends?
HPL Electric & Power Ltd has a dividend yield of 0.42%.
What is the Return on Equity (ROE) of HPL Electric & Power Ltd?
HPL Electric & Power Ltd reported a return on equity of 9.95%. Its debt-to-equity ratio is 0.76.

Company Information

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. 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.

Website hplindia.com
CEO Mr. Lalit Seth
Employees 1,516
Listed 4 Oct 2016
Face Value ₹10

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