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HPL Electric & Power Limited
NSE: HPL · Unclassified
₹265.96+4.84%06 Nov 2026
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Instant answers about HPL Electric & Power Limited — computed from its filings, no language modelMarket cap₹1,710 cr
Current price₹265.96
High / Low₹465 / ₹226
P/E18.5
P/B1.65
Book value₹161.1
ROE8.9%
ROCE11.9%
Debt / equity0.76
Dividend yield0.38%
EPS (TTM)₹14.37
Face value₹10
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,061 | 977 | 875 | 1,014 | 1,262 | 1,461 | 1,700 | 1,811 |
| EBITDA | 110 | 125 | 119 | 125 | 157 | 192 | 255 | 281 |
| Operating margin | 10.4% | 12.8% | 13.6% | 12.3% | 12.4% | 13.2% | 15.0% | 15.5% |
| Interest | 51 | 61 | 64 | 68 | 75 | 90 | 90 | 94 |
| Depreciation | 23 | 37 | 45 | 47 | 38 | 39 | 42 | 63 |
| Profit before tax | 40 | 31 | 14 | 14 | 47 | 68 | 128 | 123 |
| Tax | 13 | 9 | 4 | 6 | 16 | 24 | 34 | 32 |
| Net profit | 27 | 22 | 10 | 8 | 30 | 44 | 94 | 91 |
| EPS ₹ | 4.27 | 3.39 | 1.55 | 1.21 | 4.69 | 6.78 | 14.58 | 14.15 |
| Operating cash flow | — | — | — | 101 | 104 | 100 | 138 | 226 |
| Capex | — | — | — | 43 | 42 | 42 | 74 | 213 |
| Dividend paid | — | — | — | 1 | 1 | 6 | 6 | 6 |
| Total assets | — | — | — | — | 1,701 | 1,874 | 2,095 | 2,398 |
| Equity | — | — | — | — | 794 | 828 | 915 | 1,000 |
Quarterly performance
last 32 quarters · ₹ crore| MAR '18 | SEP '18 | DEC '18 | 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 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 315 | 286 | 259 | 272 | 244 | 212 | 96 | 227 | 244 | 308 | 129 | 280 | 280 | 325 | 296 | 302 | 302 | 363 | 321 | 350 | 366 | 424 | 393 | 422 | 392 | 493 | 383 | 434 | 474 | 520 | 515 | 608 |
| Operating profit | 30 | 33 | 32 | 35 | 33 | 27 | 7 | 34 | 35 | 44 | 10 | 32 | 37 | 46 | 38 | 38 | 37 | 45 | 40 | 47 | 50 | 55 | 56 | 61 | 56 | 82 | 58 | 66 | 72 | 86 | 63 | 71 |
| Operating margin | 9.6% | 11.7% | 12.4% | 12.9% | 13.4% | 12.7% | 6.9% | 15.0% | 14.2% | 14.2% | 7.6% | 11.6% | 13.3% | 14.0% | 12.7% | 12.5% | 12.2% | 12.3% | 12.5% | 13.5% | 13.6% | 13.0% | 14.3% | 14.3% | 14.2% | 16.7% | 15.1% | 15.2% | 15.1% | 16.5% | 12.3% | 11.7% |
| Other income | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 1 |
| Interest | 13 | 16 | 16 | 16 | 15 | 16 | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 | 18 | 19 | 19 | 20 | 22 | 22 | 22 | 24 | 24 | 22 | 21 | 23 | 23 | 24 | 26 | 22 | 22 | 22 |
| Depreciation | 6 | 8 | 8 | 10 | 9 | 9 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 11 | 10 | 8 | 8 | 9 | 9 | 9 | 12 | 10 | 11 | 11 | 11 | 12 | 13 | 15 | 24 | 18 | 19 |
| Profit before tax | 13 | 11 | 9 | 10 | 9 | 4 | -19 | 8 | 8 | 17 | -17 | 5 | 9 | 17 | 10 | 10 | 10 | 17 | 11 | 17 | 19 | 21 | 23 | 29 | 24 | 51 | 25 | 30 | 26 | 42 | 25 | 31 |
| Tax | 5 | 3 | 2 | 3 | 2 | 1 | 1 | 0 | -0 | 3 | 2 | -0 | -0 | 4 | 3 | 3 | 3 | 6 | 4 | 6 | 7 | 8 | 6 | 8 | 6 | 14 | 7 | 8 | 7 | 11 | 6 | 8 |
| Net profit | 7 | 8 | 7 | 7 | 7 | 3 | -19 | 7 | 8 | 14 | -20 | -5 | 9 | 13 | 6 | 6 | 6 | 11 | 7 | 11 | 12 | 14 | 17 | 22 | 18 | 37 | 18 | 22 | 19 | 31 | 19 | 23 |
| EPS ₹ | 1.12 | 1.21 | 1.03 | 1.17 | 1.04 | 0.39 | -3.03 | 1.09 | 1.31 | 2.19 | -3.10 | 0.77 | 1.44 | 2.10 | 0.98 | 0.97 | 0.99 | 1.75 | 1.08 | 1.71 | 1.86 | 2.13 | 2.65 | 3.35 | 2.81 | 5.78 | 2.87 | 3.46 | 3.02 | 4.80 | 2.90 | 3.64 |
| Revenue YoY | — | — | — | -5.0% | -5.9% | — | — | -16.5% | -0.1% | 45.1% | 34.1% | 23.2% | 14.8% | 5.6% | 129.2% | 8.0% | 7.7% | 11.6% | 8.5% | 15.9% | 21.2% | 16.9% | 22.5% | 20.5% | 7.4% | 16.1% | -2.5% | 2.9% | 20.8% | 5.5% | 34.5% | 40.0% |
| Profit YoY | — | — | — | -3.9% | 1.4% | — | — | -6.4% | 25.0% | 457.5% | — | -170.9% | 10.3% | -4.0% | — | — | -31.2% | -16.6% | 10.2% | 75.4% | 87.7% | 21.9% | 145.4% | 96.2% | 51.4% | 170.9% | 8.2% | 3.2% | 7.6% | -16.9% | 1.3% | 5.0% |
Earlier results (standalone, Sep '16 – Dec '17)
₹ crore · from BSE, before the NSE XBRL filings beginHPL Electric & Power Limited 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.
Quarters
| SEP '16† | DEC '16† | MAR '17† | JUN '17† | SEP '17† | DEC '17† | |
|---|---|---|---|---|---|---|
| Revenue | 198 | 212 | 287 | 234 | 224 | 261 |
| Operating profit | 26 | 27 | 29 | 20 | 24 | 26 |
| Operating margin | 13.3% | 12.5% | 10.0% | 8.6% | 10.6% | 10.0% |
| Other income | 1 | 2 | 1 | 1 | 1 | 1 |
| Interest | 20 | 10 | 10 | 11 | 11 | 12 |
| Depreciation | 5 | 5 | 6 | 5 | 6 | 5 |
| Profit before tax | 2 | 13 | 14 | 5 | 8 | 9 |
| Tax | 0 | 3 | 4 | 2 | 2 | 2 |
| Net profit | 2 | 9 | 10 | 4 | 6 | 7 |
| EPS ₹ | 0.42 | 1.46 | 1.49 | 0.61 | 0.93 | 1.10 |
| Revenue YoY | — | — | — | — | 13.0% | 23.0% |
| Profit YoY | — | — | — | — | 204.6% | -24.7% |
Returns & margins
trailing-twelve-month, per quarter| 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 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | 4.6% | 4.2% | 3.8% | 3.9% | 4.4% | 5.1% | 5.3% | 6.5% | 7.4% | 8.1% | 10.3% | 10.4% | 10.0% | 10.2% | 9.1% | 9.1% | 8.9% |
| ROCE | — | — | — | — | — | — | — | — | — | 8.5% | 8.7% | 8.8% | 9.1% | 9.5% | 10.4% | 10.9% | 11.9% | 12.2% | 12.5% | 14.0% | 14.1% | 13.1% | 13.4% | 12.4% | 12.4% | 11.9% |
| Net margin | -0.3% | -0.4% | -0.2% | 1.1% | 1.0% | -0.3% | -0.2% | -0.2% | 2.0% | 2.9% | 2.6% | 2.4% | 2.4% | 2.7% | 2.9% | 3.0% | 3.5% | 4.0% | 4.3% | 5.5% | 5.6% | 5.6% | 5.5% | 5.0% | 4.7% | 4.4% |
| EBITDA margin | 12.3% | 12.9% | 13.1% | 13.6% | 13.5% | 12.5% | 12.4% | 12.3% | 13.0% | 13.2% | 12.9% | 12.4% | 12.4% | 12.6% | 13.0% | 13.2% | 13.6% | 13.8% | 14.0% | 15.0% | 15.2% | 15.4% | 15.6% | 15.5% | 14.7% | 13.8% |
| Debt / equity | — | — | — | — | — | — | — | — | — | 0.77 | 0.77 | 0.75 | 0.75 | 0.78 | 0.78 | 0.75 | 0.75 | 0.74 | 0.74 | 0.69 | 0.69 | 0.77 | 0.77 | 0.75 | 0.75 | 0.76 |
| Interest coverage | 1.07 | 1.03 | 1.01 | 1.21 | 1.23 | 1.19 | 1.20 | 1.20 | 1.60 | 1.65 | 1.64 | 1.62 | 1.60 | 1.66 | 1.75 | 1.76 | 1.87 | 2.01 | 2.08 | 2.42 | 2.46 | 2.45 | 2.40 | 2.31 | 2.32 | 2.35 |
| Asset turnover | — | — | — | — | — | — | — | — | — | 0.73 | 0.74 | 0.74 | 0.76 | 0.75 | 0.78 | 0.78 | 0.82 | 0.81 | 0.83 | 0.81 | 0.81 | 0.75 | 0.79 | 0.76 | 0.81 | 0.83 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|
| Share capital | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 |
| Other equity / reserves | 711 | 729 | 747 | 764 | 802 | 851 | 891 | 936 | 972 |
| Total equity | 776 | 794 | 811 | 828 | 866 | 915 | 956 | 1,000 | 1,036 |
| Borrowings | 598 | 598 | 633 | 623 | 643 | 633 | 737 | 750 | 792 |
| Current liabilities | 780 | 822 | 872 | 915 | 1,000 | 1,128 | 1,202 | 1,262 | 1,369 |
| Non-current liabilities | 96 | 84 | 104 | 129 | 108 | 50 | 104 | 134 | 149 |
| Total assets | 1,654 | 1,701 | 1,790 | 1,874 | 1,976 | 2,095 | 2,264 | 2,398 | 2,556 |
| Property, plant & equipment | 444 | 450 | 451 | 461 | 477 | 492 | 581 | 608 | 620 |
| Capital work-in-progress | 4 | 9 | 9 | 10 | 21 | 8 | 47 | 41 | 36 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 10 | 12 |
| Inventories | 483 | 486 | 540 | 573 | 635 | 697 | 734 | 749 | 844 |
| Receivables | 566 | 603 | 637 | 697 | 698 | 714 | 688 | 765 | 795 |
| Cash & equivalents | 38 | 33 | 25 | 26 | 27 | 27 | 34 | 33 | 28 |
Cash flow
annual · ₹ crore · line = free cash flow| 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 |
| Dividends paid | 1 | 1 | 6 | 6 | 6 |
Where the assets sit
Sep '26 · ₹ croreFixed assets (PPE)₹620 cr24%
CWIP₹36 cr1%
Investments₹12 cr0%
Inventories₹844 cr33%
Receivables₹795 cr31%
Cash & equivalents₹28 cr1%
Other assets₹220 cr9%
Peer comparison
largest in Unclassified · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Avantel Limited | 36,86,04,549 | 138.69 | — | 1059360.68 | 0.0% |
| Ducol Organics And Colours Limited | 19,55,275 | 120.00 | — | 20089.13 | 0.0% |
| Jio Platforms Limited | 12,57,181 | 1,406.40 | — | 3.57 | — |
| SBI Funds Management Limited | 1,01,750 | 499.55 | — | — | — |
| Tamilnadu Telecommunication Limited | 91,314 | 9.93 | — | — | — |
| Manipal Health Enterprises Limited | 76,294 | 646.70 | — | — | — |
| INDO-MIM Limited | 59,042 | 1,219.50 | — | — | — |
| AvenuesAI Limited | 45,138 | 129.25 | 153.6 | 9.51 | 6.2% |
| Dhoot Transmission Limited | 32,761 | 1,601.60 | — | 8.11 | — |
| 3M India Limited | 31,071 | 27,570.00 | 53.8 | 17.57 | 32.7% |
| HPL Electric & Power Limited | 1,710 | 265.96 | 18.5 | 1.65 | 8.9% |
StoxGud checklist: Neutral setup · 4/10
- 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-0.1%
6 months-30.8%
1 year-40.5%
3Y CAGR+10.4%
5Y CAGR+31.3%
10Y CAGR+4.9%
50-day avg₹270.36
200-day avg₹322.33
RSI (14)53
FAQs
What is the share price of HPL Electric & Power Limited?
HPL Electric & Power Limited (HPL) closed at ₹265.96 on NSE on 06 Nov 2026.
What is the market cap of HPL Electric & Power Limited?
₹1,710 crore at the latest close.
What is the P/E ratio of HPL Electric & Power Limited?
18.5, on trailing-twelve-month earnings from its filings.
How fast is HPL Electric & Power Limited growing?
HPL Electric & Power Limited: revenue has compounded at 12.8% a year over three years; net profit at 44.5% a year. Latest-quarter revenue is up 40.0% year on year, profit up 5.0%.
How profitable is HPL Electric & Power Limited?
On a trailing-twelve-month basis return on equity is 8.9%, return on capital employed 11.9%, operating margin 13.8%, net margin 4.4%.
How much debt does HPL Electric & Power Limited have?
HPL Electric & Power Limited is moderately geared: debt to equity is 0.76 with borrowings of ₹792 cr against cash of ₹28 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.3 times.
Financials parsed from HPL Electric & Power Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.
HPL Electric & Power Limited · advanced chart