HPL vs SPECTRUM: Stock Comparison
SPECTRUM is the larger company by market capitalisation. HPL ELECTRIC & POWER shows a lower P/E, a higher dividend yield and lower leverage, while SPECTRUM shows a higher ROE, faster revenue growth and a higher ROCE. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.
Metric snapshot
HPL leads 4; SPECTRUM leads 7 of 13
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Valuation lens
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✓ marks the usual favourable reading; it is not a recommendation.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | HPL | SPECTRUM |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Industrial Products | Industrial Products |
Price
| Metric | HPL | SPECTRUM |
|---|---|---|
| Live Price | ₹238.3 | ₹2,530.2 |
| Day Change | -2.66% | 3.67% |
| Volume | 89,348 | 17,112 |
| 52-Week High | ₹479.9 | ₹2,637.2 |
| 52-Week Low | ₹241.9 | ₹1,050 |
| Distance from 52W High | -50.34% | -4.06% |
Valuation
| Metric | HPL | SPECTRUM |
|---|---|---|
| Market Cap | ₹1,547 Cr | ₹6,319 Cr |
| P/E Ratio | 16.96x | 100.87x |
| P/B Ratio | 1.55x | 23.77x |
| EPS | ₹2.9 | ₹8.29 |
| Book Value | ₹155.92 | ₹155.84 |
| Dividend Yield | 0.42% | 0% |
Growth
| Metric | HPL | SPECTRUM |
|---|---|---|
| Revenue Growth (TTM YoY) | 5.5% | 67.9% |
| EPS Growth (TTM YoY) | -16.9% | 95.9% |
| Qtr Sales Growth | 0% | 0% |
| Qtr Profit Growth | 0% | 0% |
Profitability & Leverage
| Metric | HPL | SPECTRUM |
|---|---|---|
| ROE | 8.5% | 20.46% |
| ROCE | 8.97% | 14.44% |
| Net Margin | 5.03% | 8.24% |
| Operating Margin | 10.92% | 13.72% |
| Debt to Equity | 0.75x | 0.89x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | HPL | SPECTRUM |
|---|---|---|
| Promoter Holding | 72.66% | 66.88%▼ 5.84 pp |
| FII Holding | 0.5%▼ 0.25 pp | 3.5%▼ 0.14 pp |
| DII Holding | 0.1% | 7.99%▲ 7.63 pp |
| Public Holding | 26.74%▲ 0.25 pp | 21.63%▼ 1.66 pp |
How to Read This Comparison
Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.
Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: HPL ELECTRIC & POWER and SPECTRUM.
Related Comparisons
Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.

