WEBSITE BSE:517271 NSE: HBLENGINE Inc. Year: 1986 Industry: Batteries
Last updated: 10:19
HBL Power Systems Ltd is engaged inside the commercial enterprise of manufacturing batteries. The Company's segments comprises Batteries and Electronics. The Batteries and Electronics segment includes various forms of merchandise for defense, aviation, telecom and commercial application. Its merchandise consists of batteries, which include Lead Acid Batteries, Nickel-Cadmium Batteries and Specialized Defense Batteries; Power Electronics, which incorporates Thyristor Battery Charger, Switch Mode Rectifiers, Battery Monitoring System and Earth Le...Read More
HBL Power Systems Ltd is engaged inside the commercial enterprise of manufacturing batteries. The Company's segments comprises Batteries and Electronics. The Batteries and Electronics segment includes various forms of merchandise for defense, aviation, telecom and commercial application. Its merchandise consists of batteries, which include Lead Acid Batteries, Nickel-Cadmium Batteries and Specialized Defense Batteries; Power Electronics, which incorporates Thyristor Battery Charger, Switch Mode Rectifiers, Battery Monitoring System and Earth Leakage Monitor; Concrete Products, including Spun Concrete Poles, Spun Concrete Poles, Spun Concrete Poles and Hollow Core Slabs; Renewable energy, which incorporates Off-grid Solar Systems and HBL Green Products Division, and Engineering Solutions, which incorporates Training Simulators and Railways, consisting of Data Loggers, Audio Frequency Track Circuit, Electronic Interlocking System, Train Collision Avoidance System, Train Management System, SPAD Alert System and Rail System Unit. ...Read Less
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Market Cap ₹21366 Cr.
Stock P/E 77.2
P/B 9.7
Current Price ₹770.8
Book Value ₹ 79.5
Face Value 1
52W High ₹1122
Dividend Yield 0.13%
52W Low ₹ 404.3
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 557 | 599 | 610 | 520 | 521 | 451 | 476 | 602 | 1223 | 874 |
| Other Income | 3 | 5 | 7 | 5 | 12 | 2 | 7 | 20 | 16 | 11 |
| Total Income | 560 | 605 | 617 | 526 | 533 | 452 | 482 | 621 | 1239 | 885 |
| Total Expenditure | 456 | 486 | 479 | 410 | 412 | 357 | 396 | 410 | 679 | 572 |
| Operating Profit | 104 | 118 | 138 | 116 | 121 | 95 | 86 | 212 | 560 | 313 |
| Interest | 3 | 3 | 4 | 2 | 3 | 5 | 4 | 6 | 3 | 3 |
| Depreciation | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 |
| Exceptional Income / Expenses | -0 | -3 | -25 | -0 | 0 | -0 | -1 | -3 | -24 | -1 |
| Profit Before Tax | 91 | 102 | 98 | 103 | 107 | 79 | 71 | 191 | 520 | 297 |
| Provision for Tax | 24 | 23 | 32 | 27 | 31 | 21 | 18 | 49 | 133 | 80 |
| Profit After Tax | 67 | 78 | 66 | 76 | 76 | 58 | 52 | 141 | 387 | 218 |
| Adjustments | 2 | 1 | 16 | 4 | 11 | 6 | -7 | 2 | -0 | 3 |
| Profit After Adjustments | 69 | 79 | 81 | 80 | 87 | 65 | 45 | 143 | 387 | 221 |
| Adjusted Earnings Per Share | 2.5 | 2.9 | 2.9 | 2.9 | 3.1 | 2.3 | 1.6 | 5.2 | 14 | 8 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1350 | 1299 | 1414 | 1603 | 1266 | 1092 | 912 | 1236 | 1369 | 2233 | 1967 | 3175 |
| Other Income | 22 | 13 | 18 | 24 | 13 | 17 | 10 | 14 | 18 | 18 | 27 | 54 |
| Total Income | 1372 | 1312 | 1432 | 1627 | 1279 | 1108 | 922 | 1251 | 1386 | 2251 | 1994 | 3227 |
| Total Expenditure | 1211 | 1164 | 1286 | 1477 | 1169 | 1011 | 845 | 1097 | 1217 | 1810 | 1576 | 2057 |
| Operating Profit | 161 | 148 | 146 | 150 | 110 | 97 | 77 | 153 | 169 | 441 | 418 | 1171 |
| Interest | 71 | 68 | 46 | 41 | 31 | 22 | 15 | 7 | 7 | 13 | 13 | 16 |
| Depreciation | 53 | 51 | 48 | 46 | 44 | 41 | 39 | 35 | 35 | 41 | 44 | 47 |
| Exceptional Income / Expenses | -13 | -2 | 3 | -10 | 7 | 5 | -5 | 11 | 1 | -28 | -1 | -29 |
| Profit Before Tax | 24 | 27 | 54 | 55 | 43 | 40 | 19 | 122 | 130 | 377 | 374 | 1079 |
| Provision for Tax | 10 | 12 | 16 | 23 | 15 | 14 | 6 | 29 | 31 | 96 | 97 | 280 |
| Profit After Tax | 14 | 15 | 38 | 32 | 28 | 26 | 14 | 94 | 98 | 280 | 276 | 798 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | -2 |
| Profit After Adjustments | 14 | 15 | 38 | 32 | 28 | 26 | 14 | 94 | 99 | 281 | 277 | 796 |
| Adjusted Earnings Per Share | 0.6 | 0.6 | 1.4 | 1.1 | 1 | 0.9 | 0.5 | 3.4 | 3.6 | 10.1 | 10 | 28.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -12% | 17% | 12% | 4% |
| Operating Profit CAGR | -5% | 40% | 34% | 10% |
| PAT CAGR | -1% | 43% | 60% | 35% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 46% | 99% | 86% | 35% |
| ROE Average | 20% | 19% | 14% | 8% |
| ROCE Average | 27% | 25% | 19% | 13% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 565 | 609 | 729 | 752 | 766 | 773 | 782 | 866 | 951 | 1221 | 1483 |
| Minority's Interest | 0 | -1 | -2 | -2 | 0 | 0 | 0 | 0 | 0 | -1 | -0 |
| Borrowings | 201 | 107 | 28 | 6 | 7 | 1 | 11 | 28 | 39 | 23 | 6 |
| Other Non-Current Liabilities | 21 | 19 | 16 | 17 | 14 | 22 | 24 | 23 | 18 | 45 | 65 |
| Total Current Liabilities | 800 | 735 | 725 | 613 | 424 | 358 | 238 | 262 | 347 | 483 | 640 |
| Total Liabilities | 1587 | 1468 | 1496 | 1386 | 1212 | 1154 | 1054 | 1178 | 1355 | 1772 | 2193 |
| Fixed Assets | 456 | 416 | 417 | 363 | 321 | 304 | 279 | 265 | 320 | 354 | 397 |
| Other Non-Current Assets | 70 | 89 | 73 | 67 | 73 | 56 | 97 | 120 | 102 | 202 | 364 |
| Total Current Assets | 1060 | 964 | 1006 | 934 | 802 | 774 | 659 | 792 | 933 | 1215 | 1432 |
| Total Assets | 1587 | 1468 | 1496 | 1386 | 1212 | 1154 | 1054 | 1178 | 1355 | 1772 | 2193 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 22 | 22 | 17 | 6 | 7 | 12 | 41 | 26 | 50 | 132 | 223 |
| Cash Flow from Operating Activities | 79 | 158 | 43 | 159 | 167 | 149 | 121 | 62 | 122 | 270 | 239 |
| Cash Flow from Investing Activities | -13 | -10 | 60 | -8 | 1 | -6 | -32 | -17 | -50 | -137 | -320 |
| Cash Flow from Financing Activities | -66 | -153 | -114 | -149 | -163 | -114 | -104 | -22 | 10 | -42 | -26 |
| Net Cash Inflow / Outflow | -0 | -5 | -11 | 1 | 5 | 29 | -14 | 23 | 82 | 91 | -107 |
| Closing Cash & Cash Equivalent | 21 | 17 | 6 | 7 | 12 | 41 | 26 | 50 | 132 | 223 | 117 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.56 | 0.59 | 1.39 | 1.14 | 1 | 0.95 | 0.5 | 3.39 | 3.56 | 10.13 | 9.99 |
| CEPS(Rs) | 2.63 | 2.59 | 3.13 | 2.81 | 2.61 | 2.42 | 1.9 | 4.65 | 4.83 | 11.6 | 11.57 |
| DPS(Rs) | 0.2 | 0.25 | 0.25 | 0.25 | 0.3 | 0.3 | 0.35 | 0.4 | 0.45 | 0.5 | 1 |
| Book NAV/Share(Rs) | 22.32 | 24.08 | 26.3 | 27.12 | 27.64 | 27.88 | 28.21 | 31.23 | 34.32 | 44.03 | 53.49 |
| Core EBITDA Margin(%) | 9.58 | 9.57 | 8.37 | 7.71 | 7.68 | 7.37 | 7.39 | 11.24 | 11.06 | 18.96 | 19.91 |
| EBIT Margin(%) | 6.53 | 6.79 | 6.55 | 5.86 | 5.8 | 5.71 | 3.74 | 10.51 | 9.96 | 17.45 | 19.67 |
| Pre Tax Margin(%) | 1.66 | 1.92 | 3.54 | 3.37 | 3.38 | 3.67 | 2.13 | 9.9 | 9.48 | 16.87 | 19 |
| PAT Margin (%) | 0.95 | 1.05 | 2.5 | 1.94 | 2.19 | 2.4 | 1.51 | 7.58 | 7.19 | 12.55 | 14.05 |
| Cash Profit Margin (%) | 4.59 | 4.66 | 5.65 | 4.76 | 5.7 | 6.13 | 5.76 | 10.42 | 9.78 | 14.4 | 16.3 |
| ROA(%) | 0.82 | 0.97 | 2.59 | 2.2 | 2.14 | 2.22 | 1.24 | 8.4 | 7.77 | 17.93 | 13.95 |
| ROE(%) | 2.44 | 2.53 | 5.74 | 4.28 | 3.65 | 3.41 | 1.77 | 11.37 | 10.83 | 25.81 | 20.45 |
| ROCE(%) | 7.44 | 7.92 | 8.5 | 8.23 | 6.94 | 6.48 | 3.87 | 14.79 | 14.02 | 33.76 | 27.46 |
| Receivable days | 104.32 | 106.48 | 106.58 | 103.21 | 117.68 | 111.7 | 111.83 | 80.66 | 80.63 | 54.29 | 67.32 |
| Inventory Days | 141.54 | 118.62 | 95.41 | 86.57 | 99.81 | 105.17 | 118.9 | 88.12 | 85.78 | 62.84 | 89.64 |
| Payable days | 104.75 | 81.92 | 67.74 | 49.65 | 45.16 | 40.97 | 47.17 | 37.54 | 40.73 | 36.31 | 58.58 |
| PER(x) | 90.75 | 62.01 | 30.94 | 39.31 | 25.39 | 11.68 | 67.45 | 18.7 | 26.75 | 44.85 | 47.26 |
| Price/Book(x) | 2.28 | 1.51 | 1.63 | 1.66 | 0.92 | 0.4 | 1.18 | 2.03 | 2.77 | 10.32 | 8.83 |
| Dividend Yield(%) | 0.39 | 0.69 | 0.58 | 0.56 | 1.18 | 2.71 | 1.05 | 0.63 | 0.47 | 0.11 | 0.21 |
| EV/Net Sales(x) | 1.43 | 1.1 | 1.16 | 0.99 | 0.71 | 0.35 | 1 | 1.38 | 1.88 | 5.56 | 6.61 |
| EV/Core EBITDA(x) | 12.01 | 9.7 | 11.22 | 10.64 | 8.17 | 3.93 | 11.89 | 11.1 | 15.2 | 28.15 | 31.09 |
| Net Sales Growth(%) | 3.27 | -3.83 | 8.92 | 13.33 | -21.03 | -13.75 | -16.46 | 35.54 | 10.72 | 63.18 | -11.92 |
| EBIT Growth(%) | -22.29 | 0.67 | 5.46 | -4.86 | -23.27 | -15.19 | -44.28 | 280.48 | 4.98 | 185.83 | -0.73 |
| PAT Growth(%) | -64.29 | 7.96 | 158.85 | -17.44 | -12.5 | -5.47 | -45.5 | 582.69 | 5.05 | 184.77 | -1.38 |
| EPS Growth(%) | -64.12 | 4.31 | 136.27 | -17.44 | -12.51 | -5.47 | -47.64 | 584.09 | 5.06 | 184.72 | -1.41 |
| Debt/Equity(x) | 1.22 | 0.9 | 0.66 | 0.49 | 0.3 | 0.19 | 0.07 | 0.06 | 0.08 | 0.05 | 0.04 |
| Current Ratio(x) | 1.33 | 1.31 | 1.39 | 1.52 | 1.89 | 2.16 | 2.78 | 3.03 | 2.69 | 2.51 | 2.24 |
| Quick Ratio(x) | 0.68 | 0.77 | 0.83 | 0.92 | 1.13 | 1.31 | 1.55 | 1.86 | 1.72 | 1.62 | 1.4 |
| Interest Cover(x) | 1.34 | 1.39 | 2.17 | 2.35 | 2.4 | 2.81 | 2.32 | 17.37 | 20.83 | 30.13 | 29.71 |
| Total Debt/Mcap(x) | 0.53 | 0.6 | 0.44 | 0.29 | 0.33 | 0.49 | 0.06 | 0.03 | 0.03 | 0 | 0 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 59.11 | 59.11 | 59.11 | 59.11 | 59.11 | 59.11 | 59.11 | 59.11 | 59.11 | 59.11 |
| FII | 2.23 | 2.66 | 4.58 | 4.65 | 4.9 | 5.22 | 4.83 | 4.83 | 7.1 | 5.87 |
| DII | 0.08 | 0.41 | 0.66 | 1.07 | 0.97 | 0.39 | 0.36 | 0.36 | 0.65 | 0.82 |
| Public | 38.58 | 37.82 | 35.65 | 35.17 | 35.02 | 35.28 | 35.7 | 35.7 | 33.14 | 34.2 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 16.39 | 16.39 | 16.39 | 16.39 | 16.39 | 16.39 | 16.39 | 16.39 | 16.39 | 16.39 |
| FII | 0.62 | 0.74 | 1.27 | 1.29 | 1.36 | 1.45 | 1.34 | 1.34 | 1.97 | 1.63 |
| DII | 0.02 | 0.11 | 0.18 | 0.3 | 0.27 | 0.11 | 0.1 | 0.1 | 0.18 | 0.23 |
| Public | 10.69 | 10.48 | 9.88 | 9.75 | 9.71 | 9.78 | 9.9 | 9.9 | 9.19 | 9.48 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 |
* The pros and cons are machine generated.
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