HPL Electric & Power
- Market cap
- ₹ 1,473 Cr.
- P/E
- 15.9x
- P/B
- 1.53x
- 52-week range
- 223.6 – 479.9
- ROE
- 10%
- ROCE
- 13%
- Dividend yield
- 0.4%
- Debt / equity
- 0.75
- Sector
- Industrial Manufacturing
- Industry
- Industrial Products
- Listed on
- NSE, BSE
About
HPL Electric & Power Limited is an India-based company, which is an electric equipment manufacturer. The Company offers low-voltage electrical solutions. It operates through two segments: Metering, Systems & Services and Consumer, Industrial & Services. The Company has its presence across five key verticals: Metering Solutions, Switchgear, Light-Emitting Diodes (LED) Lighting, Wires and Cables, and Solar Solutions, and Modular Switches. Its Metering solution vertical offers smart meters, prepaid meters, and conventional meters. Its Switchgear vertical includes industrial products, which include MCCBs (Molded Case Circuit Breakers), MCBs (Miniature Circuit Breakers), and RCCBs (Residual Current Circuit Breakers). Its Wires and Cables vertical offers Fire-Resistant Cables, Telecom Cables, and Solar Cables. It also offers modular switches and fans. The Company’s manufacturing units are located in Gurugram, Kundli, Gharaunda, and Sonepat in Haryana and Jabli in Himachal Pradesh.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Industrial Products: 186 companies →HPL Electric & Power 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)15.9 against a typical 29.6: cheaper than most peers (1st = cheapest).46th of 184
- Sales growth+34.5% against a typical +20.3% from a year earlier.48th of 147
- Profit growth+5.6% against a typical +9.4% from a year earlier.67th of 121
- Share price, 3 months−29.8% against a typical −3.4%.150th of 164
- Size₹ 1,473.3 Cr. market value against a typical ₹ 305.2 Cr. (1st = largest).43rd of 176
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND A+; IND A1 | Stable | 26 Jun 2026 |
| CRISIL | Crisil A+ | Stable | 9 Apr 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 26 Jun 2026 | Reaffirmed | IND A+ | — | India Ratings | ₹ 1,840 Cr. | |
| 9 Apr 2026 | ▲ Upgrade | Crisil A+ | — | CRISIL | ₹ 1,614 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 10 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 27 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 5 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 14 Nov 2025 | Financial Results | To consider and approve the financial results for the quarter and half year ended September 30, 2025 |
| 13 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 22 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and recommend of final dividend, if any |
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 | 350 | 366 | 424 | 393 | 422 | 392 | 493 | 383 | 434 | 474 | 520 | 515 |
| Expenses | 303 | 316 | 369 | 337 | 362 | 337 | 410 | 325 | 369 | 402 | 434 | 452 |
| Operating Profit | 47 | 50 | 55 | 56 | 61 | 56 | 82 | 58 | 66 | 72 | 86 | 63 |
| OPM % | 13% | 14% | 13% | 14% | 14% | 14% | 17% | 15% | 15% | 15% | 17% | 12% |
| Other Income | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | −5 | 2 | 2 |
| Interest | 22 | 22 | 24 | 24 | 22 | 21 | 23 | 23 | 24 | 26 | 22 | 22 |
| Depreciation | 9 | 9 | 12 | 10 | 11 | 11 | 11 | 12 | 13 | 15 | 24 | 18 |
| Profit before tax | 17 | 19 | 21 | 23 | 29 | 24 | 51 | 25 | 30 | 26 | 42 | 25 |
| Tax % | 35% | 37% | 36% | 26% | 26% | 26% | 27% | 26% | 27% | 25% | 26% | 26% |
| Net Profit | 11 | 12 | 14 | 17 | 22 | 18 | 37 | 18 | 22 | 20 | 31 | 19 |
| EPS in Rs | 1.71 | 1.86 | 2.13 | 2.65 | 3.35 | 2.81 | 5.78 | 2.87 | 3.46 | 3.02 | 4.8 | 2.9 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 5%
- 5 Years
- 16%
- 3 Years
- 13%
- TTM
- 15%
- 10 Years
- 10%
- 5 Years
- 57%
- 3 Years
- 47%
- TTM
- 0%
- 10 Years
- —
- 5 Years
- 35%
- 3 Years
- 14%
- TTM
- —
- 10 Years
- 5%
- 5 Years
- 6%
- 3 Years
- 9%
- 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.
| HPL Electric & Power | ₹ 236.15 | ₹ 1,473 Cr. | 15.9x | 1.5x | 10% | — |
| 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
- Lalit Seth
- Chairman and Whole Time Director
- Gautam Seth
- Chief Financial Officer, Joint Managing Director, Executive Director
- Vivek Kumar
- Company Secretary, Compliance Officer
- Rishi Seth
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.