HBL Engineering Ltd.

NSE: HBLENGINE · Capital Goods

₹839.25-1.87%06 Nov 2026

Ask the data

Instant answers about HBL Engineering Ltd. — computed from its filings, no language model

Market cap₹23,264 cr

Current price₹839.25

High / Low₹1,099 / ₹615

P/E134.6

P/B10.51

Book value₹79.9

ROE7.8%

ROCE46.4%

Debt / equity0.02

Dividend yield—

EPS (TTM)₹6.23

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,092	912	1,236	1,369	2,233	1,967	3,303
EBITDA	81	67	139	151	423	392	1,113
Operating margin	7.4%	7.4%	11.2%	11.1%	19.0%	19.9%	33.7%
Interest	22	15	7	7	13	13	15
Depreciation	41	39	35	35	41	44	51
Profit before tax	39	18	122	128	359	360	1,075
Tax	14	6	29	31	96	97	277
Net profit	0	0	94	0	281	277	815
EPS ₹	0.85	0.44	3.35	3.51	10.07	0.00	29.39
Operating cash flow	—	—	164	151	424	463	780
Capex	—	—	-68	65	-53	-122	150
Dividend paid	—	—	10	11	12	-14	0
Total assets	1,103	1,036	1,133	1,294	1,654	1,980	2,942
Equity	801	810	893	951	1,221	1,483	2,214

Quarterly performance

last 28 quarters · ₹ crore

showing latest 8 of 28 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25*	DEC '25	MAR '26	JUN '26
Revenue	306	259	263	121	258	233	300	231	283	349	374	320	314	332	403	467	557	599	610	520	521	451	476	602	1,223	874	604	638
Operating profit	21	18	22	-2	25	21	24	15	25	45	53	35	33	38	45	78	101	113	131	110	109	94	79	192	544	302	75	147
Operating margin	6.8%	7.1%	8.5%	-2.0%	9.6%	8.8%	8.1%	6.6%	8.8%	13.0%	14.3%	10.9%	10.6%	11.5%	11.1%	16.7%	18.1%	18.9%	21.6%	21.2%	20.8%	20.8%	16.7%	31.9%	44.5%	34.6%	12.4%	23.0%
Other income	4	4	7	2	2	3	2	3	4	3	5	3	4	5	5	3	3	5	7	5	12	2	7	20	16	11	13	21
Interest	5	5	7	4	5	4	2	2	1	2	2	1	1	2	3	2	3	3	4	2	3	5	4	6	3	3	2	5
Depreciation	11	10	10	10	9	10	9	9	9	9	8	8	8	9	10	10	10	11	11	11	11	11	11	12	12	12	15	12
Profit before tax	10	7	12	-15	11	9	13	22	17	37	46	29	30	33	36	69	91	102	98	103	107	79	71	191	520	297	67	149
Tax	3	3	3	-0	3	1	2	2	2	12	13	9	10	11	1	18	24	23	32	27	31	21	18	49	133	80	15	39
Net profit	6	0	0	0	0	8	0	21	0	0	33	20	20	0	0	0	69	0	81	0	0	0	45	0	0	0	64	109
EPS ₹	0.25	0.14	0.26	-0.51	0.31	0.30	0.35	0.72	0.53	0.89	1.21	0.71	0.71	0.83	1.26	1.86	2.47	2.84	2.90	2.87	3.13	2.31	0.00	5.16	13.96	7.95	2.32	3.95
Revenue YoY	—	—	—	—	-15.5%	-10.0%	14.1%	91.1%	9.5%	49.5%	24.7%	38.7%	10.9%	-4.7%	7.7%	46.2%	77.3%	80.2%	51.5%	11.3%	-6.4%	-24.8%	-22.0%	15.7%	134.7%	94.0%	27.0%	6.0%
Profit YoY	—	—	—	—	-100.0%	—	—	—	—	-100.0%	—	-3.0%	—	—	-100.0%	-100.0%	242.0%	—	—	—	-100.0%	—	-44.8%	—	—	—	41.8%	—

Earlier results (standalone, Sep '07 – Jun '19)

₹ crore · from BSE, before the NSE XBRL filings begin

HBL Engineering Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	1,242	1,109	999	1,090	1,197	1,281	1,330	1,288	1,530	1,624	1,257
Operating profit	196	205	66	135	142	100	145	132	130	126	91
Operating margin	15.8%	18.5%	6.6%	12.4%	11.8%	7.8%	10.9%	10.2%	8.5%	7.7%	7.3%
Other income	5	7	8	16	9	10	17	12	17	23	17
Interest	38	38	49	90	93	76	71	53	46	41	31
Depreciation	25	28	30	34	40	39	51	50	48	46	44
Profit before tax	138	146	5	22	25	52	25	33	50	52	40
Tax	48	44	-11	12	5	7	11	13	15	20	15
Net profit	90	102	16	10	20	45	15	19	35	32	25

Quarters

showing latest 8 of 48 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†
Revenue	261	289	287	316	343	299	284	261	301	247	300	242	258	223	276	204	311	251	324	287	320	288	303	315	301	345	320	286	378	322	345	304	313	350	321	332	377	379	442	354	442	414	414	304	326	314	313	260
Operating profit	29	52	55	65	47	43	42	51	68	44	42	27	20	-5	24	16	41	38	40	34	30	32	46	33	27	30	9	14	39	48	45	36	30	31	35	32	35	34	29	29	38	37	22	22	16	30	23	19
Operating margin	11.2%	18.0%	19.2%	20.6%	13.6%	14.3%	14.7%	19.7%	22.7%	17.7%	14.0%	11.1%	7.9%	-2.4%	8.6%	7.8%	13.2%	15.2%	12.4%	11.8%	9.3%	11.2%	15.2%	10.6%	9.1%	8.8%	2.8%	4.8%	10.4%	14.8%	13.0%	11.7%	9.5%	9.0%	10.9%	9.6%	9.4%	9.0%	6.5%	8.2%	8.6%	8.9%	5.3%	7.3%	4.9%	9.7%	7.3%	7.3%
Other income	1	1	2	1	1	2	2	2	0	1	3	1	1	1	4	3	2	3	9	2	1	4	2	2	2	2	4	3	-1	7	7	2	3	2	6	2	5	6	4	4	3	3	12	5	8	0	4	2
Interest	6	7	11	9	10	12	8	9	10	9	10	9	10	13	17	19	22	24	25	24	23	23	23	20	18	19	18	18	17	18	18	16	14	12	11	14	14	15	3	11	10	10	10	9	7	7	8	5
Depreciation	3	3	7	5	5	9	5	6	6	6	9	8	8	8	6	9	9	9	6	10	10	10	10	10	10	10	8	13	13	13	12	13	11	13	12	13	14	13	9	11	11	11	12	11	11	11	11	10
Profit before tax	22	43	39	52	32	24	30	38	52	29	26	11	4	-13	4	-9	13	8	11	1	4	5	15	5	63	5	-21	-18	8	17	18	9	7	9	8	7	13	13	17	10	17	17	9	7	11	12	10	10
Tax	8	15	16	18	11	6	13	12	19	7	5	4	1	0	-15	1	1	3	7	1	2	0	2	1	8	2	-4	-1	-1	3	9	2	2	4	6	1	3	4	7	3	6	8	4	2	5	5	3	4
Net profit	14	28	23	33	21	18	18	26	32	22	21	7	3	-13	20	-10	12	5	3	0	2	5	13	4	55	3	-17	-17	9	15	9	7	6	5	2	6	9	9	11	7	11	9	5	5	6	7	7	6
EPS ₹	5.65	—	—	—	8.67	7.24	7.33	10.88	13.37	0.90	1.07	0.28	0.10	-0.53	0.77	-0.41	0.46	0.20	0.14	0.01	0.08	0.19	0.53	0.17	2.18	0.12	-0.69	-0.69	0.34	0.58	0.34	0.27	0.22	0.19	0.09	0.18	0.33	0.33	0.39	0.22	0.35	0.27	0.23	0.17	0.21	0.26	0.25	0.22
Revenue YoY	—	—	—	—	31.4%	3.4%	-0.9%	-17.5%	-12.3%	-17.2%	5.4%	-7.5%	-14.2%	-9.7%	-8.1%	-15.4%	20.5%	12.2%	17.4%	40.5%	2.8%	14.8%	-6.4%	9.5%	-6.0%	20.1%	5.8%	-9.2%	25.6%	-6.8%	7.8%	6.5%	-17.1%	8.7%	-6.9%	9.0%	20.4%	8.3%	37.7%	6.6%	17.3%	9.2%	-6.3%	-14.0%	-26.2%	-24.1%	-24.6%	-14.7%
Profit YoY	—	—	—	—	53.5%	-36.5%	-20.9%	-21.0%	54.2%	25.1%	18.5%	-73.1%	-92.0%	-160.6%	-7.5%	-247.5%	346.5%	—	-82.2%	—	-82.9%	-4.6%	287.6%	1914.3%	2673.4%	-36.7%	-229.1%	-509.9%	-84.2%	385.3%	—	—	-35.9%	-66.1%	-74.6%	-17.7%	66.8%	88.0%	381.4%	35.7%	17.4%	-5.4%	-57.0%	-36.0%	-45.6%	-16.5%	53.9%	25.3%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 25 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	0.8%	0.0%	1.0%	1.0%	3.6%	3.6%	2.6%	6.1%	6.0%	8.2%	8.2%	4.2%	2.1%	6.5%	6.5%	12.3%	12.3%	5.9%	5.9%	3.0%	3.0%	2.3%	2.3%	2.9%	7.8%
ROCE	3.8%	3.9%	3.9%	3.8%	7.8%	8.0%	11.0%	13.7%	14.3%	15.5%	15.1%	13.1%	17.1%	20.7%	26.6%	29.1%	31.7%	29.5%	28.0%	24.3%	30.2%	42.9%	53.4%	48.3%	46.4%
Net margin	0.7%	0.0%	0.9%	0.9%	2.8%	2.8%	1.8%	4.4%	4.0%	5.4%	5.5%	2.9%	1.3%	3.9%	3.4%	6.7%	6.6%	3.6%	3.9%	2.3%	2.2%	1.6%	1.4%	1.9%	5.2%
EBITDA margin	6.2%	7.0%	7.5%	7.4%	8.3%	8.1%	9.5%	11.2%	12.0%	12.3%	11.9%	11.1%	12.8%	14.9%	16.6%	19.0%	19.9%	20.6%	21.1%	19.9%	23.1%	33.0%	35.2%	33.7%	32.0%
Debt / equity	0.18	0.18	0.18	0.07	0.07	0.07	0.07	0.06	0.06	0.07	0.07	0.08	0.08	0.09	0.09	0.05	0.05	0.04	0.04	0.04	0.04	0.03	0.03	0.02	0.02
Interest coverage	1.69	1.76	1.89	2.23	5.41	7.93	13.87	17.25	21.25	23.65	22.85	20.64	22.71	23.68	27.30	28.77	31.86	34.75	29.68	28.65	26.59	48.42	68.03	74.21	76.23
Asset turnover	0.86	0.82	0.79	0.88	0.99	1.01	1.12	1.09	1.17	1.13	1.12	1.06	1.17	1.13	1.31	1.35	1.38	1.22	1.14	0.99	1.04	1.03	1.19	1.12	1.14

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	25	25	25	28	28	28	28	28	28	28	28	28	28	28	28	28	28
Other equity / reserves	562	539	605	729	752	766	773	782	866	866	924	1,032	1,193	1,345	1,455	1,957	2,187
Total equity	587	565	630	757	779	794	801	810	893	894	951	1,059	1,221	1,373	1,483	1,985	2,214
Borrowings	659	628	594	458	344	216	140	58	50	60	78	99	59	56	55	65	44
Current liabilities	—	775	—	—	—	—	—	—	—	240	286	426	396	440	426	596	567
Non-current liabilities	—	222	—	—	—	—	—	—	—	65	57	66	38	30	71	97	162
Total assets	1,755	1,562	1,558	1,467	1,342	1,161	1,103	1,036	1,133	1,198	1,294	1,552	1,654	1,842	1,980	2,677	2,942
Property, plant & equipment	471	430	426	398	348	311	—	252	243	243	301	307	338	349	373	391	417
Capital work-in-progress	—	—	—	—	—	—	—	—	—	55	25	31	20	31	68	129	127
Investments	1	2	0	0	0	0	0	0	0	8	9	97	179	120	290	319	402
Inventories	608	518	517	408	367	325	304	290	307	294	336	459	433	458	534	589	562
Receivables	436	394	390	471	453	363	305	254	293	271	312	454	382	381	373	843	646
Cash & equivalents	52	48	22	6	7	12	41	26	50	155	132	35	223	147	117	173	528

Cash flow

annual · ₹ crore · line = free cash flow

	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	232	86	477	585	629
Dividends paid	10	11	12	-14	0

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹417 cr14%

CWIP

₹127 cr4%

Investments

₹402 cr14%

Inventories

₹562 cr19%

Receivables

₹646 cr22%

Cash & equivalents

₹528 cr18%

Other assets

₹259 cr9%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
HBL Engineering Ltd.	23,264	839.25	134.6	10.51	7.8%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+10.1%

6 months-1.1%

1 year-17.0%

3Y CAGR+39.6%

5Y CAGR+73.6%

10Y CAGR+34.7%

50-day avg₹753.44

200-day avg₹747.78

RSI (14)51

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FAQs

What is the share price of HBL Engineering Ltd.?

HBL Engineering Ltd. (HBLENGINE) closed at ₹839.25 on NSE on 06 Nov 2026.

What is the market cap of HBL Engineering Ltd.?

₹23,264 crore at the latest close.

What is the P/E ratio of HBL Engineering Ltd.?

134.6, on trailing-twelve-month earnings from its filings.

How fast is HBL Engineering Ltd. growing?

HBL Engineering Ltd.: revenue has compounded at 34.1% a year over three years. Latest-quarter revenue is up 6.0% year on year.

How profitable is HBL Engineering Ltd.?

On a trailing-twelve-month basis return on equity is 7.8%, return on capital employed 46.4%, operating margin 32.0%, net margin 5.2%.

How much debt does HBL Engineering Ltd. have?

HBL Engineering Ltd. is debt-free: debt to equity is 0.02 with borrowings of ₹44 cr against cash of ₹528 cr (balance sheet of 2026-03-31). Operating profit covers interest 76.2 times.

Financials parsed from HBL Engineering Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.