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HPL Electric Overview

HPL Electric and Power Ltd, formerly HPL Electric & Power Pvt Ltd, is an electric gadget production corporation. The Company is engaged inside the production of various electronic power static meters, circuit protection switchgears, modular switches, wires and cables, compact fluorescent lamp (CFL) and light emitting diode (LED) Lamps, LED road lightings and luminaries for home, business and commercial packages. The Company operates in four segments: Metering, Switchgears, Lighting and Wires & Cables. The Company manufactures and sells its merc...Read More

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HPL Electric Key Financials

Market Cap ₹2191 Cr.

Stock P/E 23.3

P/B 2.2

Current Price ₹340.7

Book Value ₹ 151.6

Face Value 10

52W High ₹639.5

Dividend Yield 0.29%

52W Low ₹ 307.9

HPL Electric Share Price

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Volume
Price

HPL Electric Quarterly Price

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HPL Electric Peer Comparison

HPL Electric Quarterly Results

#(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 350 366 424 393 422 392 493 383 434 474
Other Income 1 1 2 1 1 1 2 1 1 1
Total Income 351 366 426 394 423 393 495 384 435 475
Total Expenditure 303 316 369 337 362 337 410 325 369 402
Operating Profit 48 50 57 57 61 57 85 59 67 73
Interest 22 22 24 24 22 21 23 23 24 26
Depreciation 9 9 12 10 11 11 11 12 13 15
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -5
Profit Before Tax 17 19 21 23 29 24 51 25 30 26
Provision for Tax 6 7 8 6 8 6 14 7 8 7
Profit After Tax 11 12 14 17 22 18 37 18 22 20
Adjustments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit After Adjustments 11 12 14 17 22 18 37 18 22 19
Adjusted Earnings Per Share 1.7 1.9 2.1 2.6 3.3 2.8 5.8 2.9 3.5 3

HPL Electric Profit & Loss

#(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 1047 1116 986 1036 1158 977 875 1014 1262 1461 1700 1784
Other Income 5 5 5 4 5 5 4 4 4 4 5 5
Total Income 1052 1121 992 1041 1163 981 879 1018 1266 1465 1705 1789
Total Expenditure 922 975 862 926 1025 852 756 889 1105 1269 1446 1506
Operating Profit 130 146 129 114 138 129 123 129 160 196 260 284
Interest 70 78 68 51 58 61 64 68 75 90 90 96
Depreciation 16 19 24 23 32 37 45 47 38 39 42 51
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 -5
Profit Before Tax 44 48 37 40 48 31 14 14 47 68 128 132
Provision for Tax 9 12 11 13 15 9 4 6 16 24 34 36
Profit After Tax 35 37 26 28 33 22 10 8 30 44 94 97
Adjustments 0 0 -0 -0 -0 -0 -0 -0 -0 -0 -0 0
Profit After Adjustments 35 37 26 27 33 22 10 8 30 44 94 96
Adjusted Earnings Per Share 0 0 4 4.3 5.1 3.4 1.5 1.2 4.7 6.8 14.6 15.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 16% 19% 12% 5%
Operating Profit CAGR 33% 26% 15% 7%
PAT CAGR 114% 127% 34% 10%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -23% 54% 55% NA%
ROE Average 11% 7% 4% 6%
ROCE Average 14% 11% 9% 10%

HPL Electric Balance Sheet

#(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 318 354 688 704 728 749 758 764 794 828 915
Minority's Interest 0 0 1 1 2 2 2 2 2 2 2
Borrowings 95 116 13 21 25 51 44 58 47 90 21
Other Non-Current Liabilities 38 41 -27 -23 -16 -9 -6 -7 15 29 19
Total Current Liabilities 691 837 705 774 745 742 760 791 822 915 1128
Total Liabilities 1142 1348 1380 1478 1483 1535 1558 1608 1679 1863 2085
Fixed Assets 307 335 399 425 453 494 464 447 451 461 498
Other Non-Current Assets 16 66 3 30 29 20 14 26 24 19 15
Total Current Assets 819 948 978 1022 1001 1021 1079 1135 1203 1384 1571
Total Assets 1142 1348 1380 1478 1483 1535 1558 1608 1679 1863 2085

HPL Electric Cash Flow

#(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 46 54 66 67 70 67 73 79 80 70 59
Cash Flow from Operating Activities 27 103 3 20 83 63 85 101 104 100 138
Cash Flow from Investing Activities -39 -92 -51 -59 -57 -60 -8 -41 -40 -39 -70
Cash Flow from Financing Activities 20 -14 49 40 -29 -3 -71 -58 -74 -72 -66
Net Cash Inflow / Outflow 8 -3 1 2 -3 -0 6 2 -10 -11 2
Closing Cash & Cash Equivalent 54 52 67 70 67 67 79 80 70 59 61

HPL Electric Ratios

# 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 0 4.01 4.27 5.06 3.39 1.55 1.21 4.69 6.78 14.58
CEPS(Rs) 10.95 12.06 7.84 7.83 10.07 9.23 8.55 8.54 10.67 12.8 21.17
DPS(Rs) 0.1 0.1 1.5 1 0.2 0.15 0.15 0.15 1 1 1
Book NAV/Share(Rs) 0 0 107.01 109.47 113.29 116.44 117.93 118.89 123.41 128.81 142.32
Core EBITDA Margin(%) 10.81 11.34 11.21 10.35 11.53 12.79 13.6 12.34 12.43 13.15 14.98
EBIT Margin(%) 9.82 10.17 9.49 8.62 9.17 9.43 8.93 8.11 9.67 10.8 12.78
Pre Tax Margin(%) 3.79 3.89 3.34 3.81 4.15 3.14 1.57 1.37 3.7 4.66 7.51
PAT Margin (%) 2.99 2.94 2.35 2.6 2.82 2.24 1.15 0.77 2.4 2.99 5.53
Cash Profit Margin (%) 4.38 4.5 4.56 4.75 5.59 6.08 6.28 5.41 5.44 5.63 8.01
ROA(%) 3.25 2.94 1.9 1.93 2.21 1.45 0.65 0.49 1.84 2.46 4.76
ROE(%) 11.02 10.89 4.98 3.96 4.57 2.97 1.33 1.03 3.88 5.38 10.78
ROCE(%) 14.54 14.34 10.5 8.12 8.69 7.11 5.84 6.09 8.88 11.1 14.49
Receivable days 114.86 133.94 162.05 161.04 147.88 174.63 203.55 183.25 160.2 162.34 151.39
Inventory Days 89.52 91.71 114.71 137.79 131.98 159.5 184.01 170.93 143.54 132.28 136.27
Payable days 115.3 145.04 170.85 150.79 123.49 118.9 122.34 118.98 101.07 103.08 123.57
PER(x) 0 0 29.67 29.98 11.03 6.33 31.46 53.02 17.94 46.68 28.33
Price/Book(x) 0 0 1.11 1.17 0.49 0.18 0.41 0.54 0.68 2.46 2.9
Dividend Yield(%) 0 0 1.26 0.78 0.36 0.7 0.31 0.23 1.19 0.32 0.24
EV/Net Sales(x) 0.46 0.51 1.09 1.2 0.71 0.67 0.93 0.91 0.85 1.78 1.9
EV/Core EBITDA(x) 3.68 3.93 8.3 10.84 5.92 5.08 6.64 7.16 6.66 13.23 12.44
Net Sales Growth(%) 3.58 6.61 -11.65 5.07 11.79 -15.71 -10.39 15.87 24.48 15.74 16.39
EBIT Growth(%) 17.48 11.2 -17.19 -12.73 16.04 -13.3 -15.12 5.26 48.41 29.22 37.8
PAT Growth(%) 22.04 5.75 -29.17 6.34 18.62 -32.99 -54.27 -22.14 287.58 44.22 115.44
EPS Growth(%) 0 0 0 6.45 18.59 -33.07 -54.24 -21.99 288.23 44.36 115.24
Debt/Equity(x) 1.62 1.63 0.55 0.69 0.72 0.78 0.77 0.78 0.75 0.75 0.69
Current Ratio(x) 1.19 1.13 1.39 1.32 1.34 1.38 1.42 1.44 1.46 1.51 1.39
Quick Ratio(x) 0.74 0.75 0.85 0.77 0.79 0.78 0.84 0.79 0.87 0.89 0.78
Interest Cover(x) 1.63 1.62 1.54 1.79 1.83 1.5 1.21 1.2 1.62 1.76 2.42
Total Debt/Mcap(x) 0 0 0.49 0.59 1.47 4.25 1.86 1.44 1.1 0.31 0.24

HPL Electric Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 72.66 72.66 72.66 72.66 72.66 72.66 72.66 72.66 72.66 72.66
FII 0 0 0.24 0.74 0.51 0.58 0.31 0.7 0.34 0.27
DII 0.23 0.23 0.32 0.23 0.23 0.23 0.26 0.3 0.19 0.1
Public 27.11 27.11 26.78 26.38 26.6 26.54 26.77 26.34 26.81 26.97
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

HPL Electric News

HPL Electric Pros & Cons

Pros

  • Company has delivered good profit growth of 33% CAGR over last 5 years
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 7% over the last 3 years.
  • Debtor days have increased from 103.08 to 123.57days.
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