HPL Electric & Power
HPL Electric & Power Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for HPL Electric & Power Ltd, framed against the sector median so the premium or discount is obvious at a glance.
HPL Electric & Power Ltd trades at a P/E of 25.22× and P/B of 2.30×.
Valuation
Profitability
Growth
Financial Health
HPL Electric & Power Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for HPL Electric & Power Ltd, switchable between annual and quarterly views, consolidated or standalone.
HPL Electric & Power Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹2,391.98 Cr and reported EPS of ₹14.16.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,061 | 1,158 | 977 | 875 | 1,014 | 1,262 | 1,461 | 1,700 | 1,811 |
| Other Income | 4 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 |
| Total Income | 1,066 | 1,163 | 981 | 879 | 1,018 | 1,266 | 1,465 | 1,705 | 1,816 |
| Cost of Goods Sold (COGS) | 683 | 760 | 612 | 552 | 653 | 842 | 961 | 1,105 | 1,159 |
| Gross Profit | 379 | 399 | 365 | 323 | 361 | 420 | 500 | 596 | 652 |
| +Operating Expenses | 269 | 265 | 240 | 204 | 236 | 264 | 308 | 341 | 371 |
| EBITDA | 110 | 134 | 125 | 119 | 125 | 157 | 192 | 255 | 281 |
| +Non-Operating Expenses | 74 | 90 | 99 | 109 | 115 | 114 | 128 | 132 | 152 |
| Profit Before Tax (PBT) | 40 | 48 | 31 | 14 | 14 | 47 | 68 | 128 | 123 |
| +Tax Expense | 13 | 15 | 9 | 4 | 6 | 16 | 24 | 34 | 32 |
| Profit After Tax (PAT) | 28 | 33 | 22 | 10 | 8 | 30 | 44 | 94 | 91 |
| Earnings Per Share (EPS) | 4.27 | 5.06 | 3.39 | 1.55 | 1.21 | 4.69 | 6.78 | 14.58 | 14.15 |
| Diluted Shares Outstanding (Nos.) | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| +Additional Disclosures | 1,708 | 1,875 | 1,562 | 1,418 | 1,656 | 2,061 | 2,355 | 2,682 | 2,847 |
| Sales Growth % | — | 9.15 | -15.71 | -10.39 | 15.87 | 24.48 | 15.74 | 16.39 | 6.52 |
| YoY Sales Growth % | — | 9.15 | -15.71 | -10.39 | 15.87 | 24.48 | 15.74 | 16.39 | 6.52 |
| Material Cost % | 67 | 66 | 64 | 62 | 64 | 67 | 68 | 72 | 65 |
| Employee Cost % | 12 | 12 | 14 | 13 | 12 | 11 | 12 | 12 | 12 |
| Other Cost % | 13 | 11 | 11 | 11 | 11 | 9 | 9 | 8 | 9 |
| OPM % | 10 | 12 | 13 | 14 | 12 | 12 | 13 | 15 | 16 |
| Tax % | 32 | 32 | 28 | 27 | 44 | 35 | 36 | 26 | 26 |
| Profit Growth % | — | 18.62 | -32.99 | -54.27 | -22.14 | 287.58 | 44.22 | 115.44 | -2.91 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 87 | 101 | 87 | 74 | 78 | 119 | 154 | 212 | 218 |
HPL Electric & Power segment analysis: revenue and profit mix.
Disclosed business segments at HPL Electric & Power with their share of revenue and profit, switchable between consolidated and standalone reporting.
HPL Electric & Power discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
HPL Electric & Power Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy HPL Electric & Power Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
HPL Electric & Power Ltd's investment case rests on 7 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
HPL Electric boasts a strong promoter holding of 72.66% as of 2025-09-01, indicating significant insider confidence and a commitment to the company's long-term strategic vision and growth trajectory.
The company demonstrates solid profitability with an Operating Profit Margin (OPM) of 15.20% and a Return on Equity (ROE) of 10.80%, reflecting efficient operations and effective capital utilization.
With a P/E ratio of 30.20, HPL Electric appears more attractively valued compared to several industry peers, which often trade at significantly higher multiples, suggesting potential for re-rating.
HPL Electric has demonstrated positive quarterly profit growth of 8.28%, with a net profit of ₹18.4 crore, indicating a healthy trend in its operational performance and profitability.
As a player in the Capital Goods sector, HPL Electric stands to benefit significantly from ongoing government initiatives and increased spending on infrastructure development and industrialization.
What can break it.
HPL Electric carries a debt-to-equity ratio of 0.70, indicating a notable level of financial leverage. This could increase vulnerability to economic downturns or rising interest rates.
The stock has shown recent volatility, with its price fluctuating between ₹433.50 and ₹451.35 over the last five trading days, which may concern investors seeking stable returns.
A price-to-book value of 3.14 suggests the market is pricing in significant future growth. If these growth expectations are not met, the stock could face downward pressure.
With public shareholding at 26.81% as of 2025-09-01, significant selling pressure from this segment could negatively impact the stock price, especially during periods of market instability.
HPL Electric operates in a competitive Capital Goods sector with several larger and faster-growing peers, which could exert pressure on market share and pricing power, impacting future profitability.
What would change my mind.
Trim if P/E re-rates above 33. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 75.82. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
HPL Electric & Power Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — HPL Electric & Power Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
HPL Electric & Power Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for HPL Electric & Power Ltd — derived from the live tape, not yesterday's close.
HPL Electric & Power Ltd last traded at ₹370.4 with an intraday range of ₹364–₹381.7 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹370.40| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 415.47 | +45.07 | +12.17% |
| R3 | 397.77 | +27.37 | +7.39% |
| R2 | 389.73 | +19.33 | +5.22% |
| R1 | 380.07 | +9.67 | +2.61% |
| PIVOT | 372.03 | 1.63 | 0.44% |
| CURRENT | 370.40 | — | — |
| S1 | 326.97 | -43.43 | -11.73% |
| S2 | 344.67 | -25.73 | -6.95% |
| S3 | 354.33 | -16.07 | -4.34% |
| S4 | 362.37 | -8.03 | -2.17% |
HPL is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: 364 ~ 372
Trading Above opening range, showing Bullishness
HPL Electric & Power Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for HPL Electric & Power Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in HPL Electric & Power Ltd stood at 49.7% of traded volume, against a 20-day average of 40.9%.
HPL Electric & Power announcements: results, concalls, ratings, M&A.
Filings HPL Electric & Power sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
HPL Electric & Power files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 62 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
HPL Electric & Power Limited has informed the Exchange about Schedule of meet
Copy of Newspaper Publication
HPL Electric & Power Limited has informed the Exchange about Copy of Newspaper Publication
Shareholders meeting
HPL Electric & Power Limited has informed the Exchange regarding Notice of Postal Ballot
Copy of Newspaper Publication
HPL Electric & Power Limited has informed the Exchange about Copy of Newspaper Publication
Investor Presentation
HPL Electric & Power Limited has informed the Exchange about Investor Presentation
Investor decks & rating reports.
HPL Electric & Power dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue HPL Electric & Power has declared, sequenced by announce and record date.
HPL Electric & Power corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About HPL Electric & Power Ltd: business, sector, key facts.
What HPL Electric & Power Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
HPL Electric & Power Ltd operates in the Industrials, listed as NSE: HPL, BSE: 540136.
HPL Electric & Power Limited is a prominent Indian manufacturer and seller of diverse electrical equipment, operating under the HPL brand name since its incorporation in 1992. Their product portfolio is extensive, catering to a wide range of applications and customer segments.
A significant portion of HPL's business revolves around metering solutions. This includes a comprehensive array of energy meters (digital, multi-function, and various specialized types), load managers, power factor controllers, and data acquisition systems for billing purposes. These are crucial for both residential and commercial energy management needs.
Beyond metering, HPL offers a broad spectrum of electrical components and accessories. This includes switches, sockets, circuit breakers (ACBs, MCCBs, RCCBs, MCBs), distribution boards, and various protection devices. They also manufacture and supply a wide selection of cables, encompassing domestic, industrial, data networking, and specialized applications.
HPL's product line extends into lighting solutions, encompassing LED lights (downlights, panels, battens, spotlights) and a variety of fan options (ceiling, portable, ventilation). The lighting portfolio further diversifies to include products tailored for architectural, retail, and industrial settings, encompassing high-bay, weatherproof, and specialized options.
The company's distribution network reaches institutional, commercial, and residential clients, along with power utilities and government agencies, both domestically in India and through exports to approximately 42 countries. This robust distribution system, utilizing dealers and distributors, allows for wide market penetration and reach.
In summary, HPL Electric & Power Limited's business model centers on a diversified portfolio of electrical equipment encompassing metering, protection devices, wiring, lighting, and related components. Their strategic focus on diverse product offerings and a broad distribution network caters to a wide range of customers across diverse sectors and geographical regions.
Questions investors ask about HPL Electric & Power Ltd (HPL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of HPL Electric & Power Ltd (HPL)?
The current share price of HPL Electric & Power Ltd (HPL) is ₹370.4. Today, the stock has gained by ₹11.90 (3.32%), trading in a range of ₹364 to ₹381.7. The stock opened at ₹369 with a trading volume of 4,29,091 shares.
02Is HPL Electric & Power Ltd stock a good investment for long-term?
HPL Electric & Power Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2,391.98 crores, P/E ratio of 25.22, ROE of 9.51%, and ROCE of 14.50%. The dividend yield stands at 0.28%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of HPL Electric & Power Ltd stock?
The 52-week high price of HPL Electric & Power Ltd (HPL) is ₹639.9, while the 52-week low is ₹255.55. Currently trading at ₹370.4, the stock is 29.9% away from its 52-week low and 42.1% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy HPL Electric & Power Ltd stock at the current price?
Whether to buy HPL Electric & Power Ltd stock at ₹370.4 depends on multiple factors. The stock is currently trading with a P/E ratio of 25.22 and P/B ratio of 2.30. Today's performance shows a gain of 3.32%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of HPL Electric & Power Ltd and when is the next dividend?
HPL Electric & Power Ltd offers a dividend yield of 0.28%, which means for every ₹100 invested at the current price of ₹370.4, you can expect to receive approximately ₹0.28 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of HPL Electric & Power Ltd?
HPL Electric & Power Ltd's key financial metrics include: P/E Ratio: 25.22, P/B Ratio: 2.30, ROE: 9.51%, ROCE: 14.50%, Dividend Yield: 0.28%, EPS: ₹14.16, Book Value: ₹155.57, and Debt-to-Equity: 75.32. The company's market cap stands at ₹2,391.98 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is HPL Electric & Power Ltd stock performing today in the market?
HPL Electric & Power Ltd stock opened at ₹369 and is currently trading at ₹370.4, showing a gain of ₹11.90 (3.32%). The intraday high is ₹381.7 and low is ₹364. The trading volume stands at 4,29,091 shares, indicating moderate market participation today.
08What is the P/E ratio of HPL Electric & Power Ltd and what does it indicate?
HPL Electric & Power Ltd has a Price-to-Earnings (P/E) ratio of 25.22, which means investors are willing to pay ₹25.22 for every ₹1 of earnings. With an EPS of ₹14.16, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about HPL Electric & Power Ltd (HPL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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