HBL Engineering
- Market cap
- ₹ 21,348 Cr.
- P/E
- 26.6x
- P/B
- 9.82x
- 52-week range
- 613 – 1,122
- ROE
- 45%
- ROCE
- 58%
- Dividend yield
- 0.3%
- Debt / equity
- 0.03
- Sector
- Industrial Products
- Industry
- Other Industrial Products
- Listed on
- NSE, BSE
About
HBL Engineering Ltd, formerly HBL Power Systems Limited, is an India-based research-based engineering company. The Company's principal activities include manufacturing of different types of batteries, e-mobility and other products. It is also engaged in service activities related to its products. Its segments include Industrial batteries, Defence & Aviation batteries, and Electronics. The Industrial batteries segment's products include lead batteries (valve regulated lead acid and pure lead thin), nickel cadmium batteries and lithium batteries. This segment serves various sectors, such as telecom, railways, and others. Its Defense segment has three divisions batteries, electronic fuzes for ammunition and other defense products. Electronics segment is organized into two divisions, namely railway electronics and electric mobility. Its flagship products in this vertical are the KAVACH, which is a train collision avoidance system.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Industrial Products: 57 companies →HBL Engineering against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)26.6 against a typical 22.5: pricier than most peers (1st = cheapest).35th of 56
- Sales growth+6% against a typical +17.6% from a year earlier.27th of 42
- Profit growth−23.8% against a typical −2.6% from a year earlier.29th of 41
- Share price, 3 months+11% against a typical −4.6%.8th of 49
- Size₹ 21,348.2 Cr. market value against a typical ₹ 127.7 Cr. (1st = largest).1st of 54
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA- | Stable | 9 Oct 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 9 Oct 2026 | ▲ Upgrade1 notch | CARE A+ → CARE AA- | Low | CARE | ₹ 149 Cr. | |
| 25 Feb 2026 | Withdrawn | was CARE A+ | — | CARE | ₹ 798.75 Cr. | |
| 10 Oct 2025 | Reaffirmed | CARE A+ | — | CARE | ₹ 1,177.5 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 7 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 8 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 23 May 2026 | Financial Results/Dividend | To consider and approve the audited financial results for the period ended March 31, 2026 and recommendation of dividend, if any for the financial year 2025-26 |
| 7 Feb 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended December 31, 2025 and to declare dividend |
| 8 Nov 2025 | Financial Results | To consider and approve the unaudited financial results for the period ended September 30, 2025 |
| 9 Aug 2025 | Financial Results | To consider and approve the unaudited financial results for the period ended Jun 30, 2025 |
| 10 Feb 2025 | Financial Results | To consider and approve the unaudited financial results for the period ended December 31, 2024 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 557 | 599 | 610 | 520 | 521 | 451 | 476 | 602 | 1,223 | 874 | 604 | 638 |
| Expenses | 456 | 486 | 479 | 410 | 412 | 357 | 396 | 410 | 679 | 572 | 529 | 491 |
| Operating Profit | 101 | 113 | 131 | 110 | 109 | 94 | 79 | 192 | 544 | 302 | 75 | 147 |
| OPM % | 18% | 19% | 22% | 21% | 21% | 21% | 17% | 32% | 44% | 35% | 12% | 23% |
| Other Income | 3 | 2 | −19 | 5 | 12 | 2 | 6 | 17 | −8 | 10 | 10 | 21 |
| Interest | 3 | 3 | 4 | 2 | 3 | 5 | 4 | 6 | 3 | 3 | 2 | 5 |
| Depreciation | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 15 | 12 |
| Profit before tax | 91 | 102 | 98 | 103 | 107 | 79 | 71 | 191 | 520 | 297 | 67 | 149 |
| Tax % | 26% | 23% | 33% | 26% | 29% | 26% | 26% | 26% | 26% | 27% | 18% | 26% |
| Net Profit | 68 | 79 | 81 | 80 | 87 | 65 | 45 | 143 | 387 | 220 | 64 | 109 |
| EPS in Rs | 2.48 | 2.85 | 2.94 | 2.89 | 3.15 | 2.33 | 1.62 | 5.17 | 13.97 | 7.96 | 2.3 | 3.94 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 10%
- 5 Years
- 29%
- 3 Years
- 34%
- TTM
- 63%
- 10 Years
- 49%
- 5 Years
- 118%
- 3 Years
- 105%
- TTM
- 134%
- 10 Years
- 36%
- 5 Years
- 72%
- 3 Years
- 37%
- TTM
- —
- 10 Years
- 18%
- 5 Years
- 27%
- 3 Years
- 33%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| HBL Engineering | ₹ 810.00 | ₹ 21,348 Cr. | 26.6x | 9.8x | 45% | — |
| ABB India | ₹ 6,140.00 | ₹ 1,29,936 Cr. | 95.2x | 20.3x | — | 11.6% |
| Hitachi Energy India | ₹ 26,250.00 | ₹ 1,17,002 Cr. | 139x | 27.6x | 21% | 12.1% |
| CG Power and Industrial Solutions | ₹ 814.95 | ₹ 1,24,592 Cr. | 114.8x | 17.9x | 20.4% | 9.6% |
| Polycab India | ₹ 7,415.00 | ₹ 1,11,738 Cr. | 50x | 11.1x | 25.4% | 9.3% |
| Siemens | ₹ 3,250.00 | ₹ 1,15,739 Cr. | — | 9.4x | 11.7% | 8.5% |
Management
- Aluru Jagadish Prasad
- Executive Chairman of the Board, Managing Director
- Sairam Edara
- Chief Financial Officer
- Kavita Prasad Aluru
- Executive Director
- Mikkilineni Satyanarayana Subramanya Srinath
- Whole-Time Director
- G. B. S. Naidu
- Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.