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    Producer manufacturing

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    Electrical products
HBL Engineering Limited

HBL Engineering Limited

770.15
INR
-15.70
(-2.00%)
28.24EPS
28.73P/E
225.00BMarket Cap
Nov 06Next Earn
HBL Engineering Limited
BSE:HBLENGINE
(Bombay Stock Exchange)

Recent

price

770.15

P/E

ratio

28.73

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
48.15
60.98
67.59
51.67
53.37
51.33
51.03
57.52
45.29
38.99
32.26
43.74
48.98
80.14
70.48
118.43
120.84
Revenue per Share
0.67
0.73
0.93
1.57
0.56
0.59
1.39
1.14
1
0.95
0.5
3.39
3.56
10.13
9.99
29.4
28.25
Basic EPS, GAAP
-19.37
2.44
-1.26
-2.11
2
5.48
0.16
5.17
5.05
4
2.97
-0.2
2.11
7.08
4.51
21.22
- -
Free Cash Flow per Basic Share
0.35
0.12
0.17
0.17
0.23
0.24
0.27
0.3
0.3
0.6
0.1
0.35
- -
- -
0.5
3
- -
Dividend per Share
22.43
20.81
21.5
22.2
23.91
24.08
26.3
27.12
27.64
27.88
28.21
31.23
34.32
44.03
53.49
79.88
- -
Book Value per Share
15.19
15.58
15.57
19.86
21.54
21.99
24.71
25.77
26.1
26.19
26.55
29.44
33
43.68
53.29
79.81
- -
Tangible Book Value per Share
253
253
253
253
253
253
277
277
277
277
277
277
277
277
277
277
276
Basic Weighted Avg Shares
12,181
15,428
17,099
13,072
13,503
12,986
14,145
15,945
12,554
10,807
8,942
12,126
13,576
22,215
19,537
32,828
33,391
Sales/Revenue/Turnover
4.71
10.84
9.83
4.52
7.16
8.88
7.23
6.18
4.84
4.24
3.84
8.87
8.59
17.28
17.83
32.4
30.44
Operating Margin (%)
396
544
632
398
529
507
485
462
445
386
388
351
355
380
410
448
515
Depreciation Expense
169
185
234
396
142
149
387
316
277
262
137
939
987
2,809
2,769
8,149
7,807
Net Income, GAAP
- -
38.34
32.68
16.48
42.9
45.04
29.36
42.43
35.2
34.61
29.32
23.44
24.16
25.59
26.05
25.4
25.77
Effective Tax Rate (%)
1.38
1.2
1.37
3.03
1.05
1.15
2.73
1.98
2.21
2.43
1.54
7.74
7.27
12.64
14.17
24.82
23.38
Profit Margin (%)
1,720
748
1,279
2,354
2,667
2,288
2,816
3,419
3,947
4,357
4,403
5,319
5,857
7,320
7,926
14,583
- -
Working Capital
4,174
3,917
4,169
2,270
2,015
1,253
281
58
74
89
201
382
446
277
205
199
- -
LT Debt
6,617
6,101
6,420
5,605
6,036
6,079
7,276
7,500
7,662
7,729
7,820
8,658
9,514
12,199
14,823
22,135
- -
Total Equity
- -
2.78
2.45
2.81
1.09
0.78
2.46
3.87
3.69
3.08
1.85
9.64
8.86
21.56
17.36
40.32
- -
Return on Invested Capital (%)
- -
5.27
5.7
6.96
3.85
3.88
5.64
4.3
4.04
3.77
2.23
10.94
10.5
24.8
19.89
42.89
- -
Return on Capital (%)
3.13
3.39
4.38
7.17
2.44
2.46
5.78
4.27
3.65
3.41
1.77
11.4
10.86
25.86
20.49
44.08
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
469
- -
LT Borrowings
- -
40
- -
LT Finance Leases
- -
159
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
277
277
277
Market Capitalization
256,710
170,406
224,999

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
20,250
- -
Cash, Cash Equivalents & STI
- -
6,768
- -
Accounts Receivable, Net
- -
6,461
- -
Inventories
- -
5,621
- -
Total Current Liabilities
- -
5,666
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
469
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.67%
23.93%
49.32%
Free Cash Flow
232.89%
-134.54%
370.16%
Net Income, GAAP
104.25%
193.35%
194.27%
Sales/Revenue/Turnover
13.64%
33.44%
68.03%
Total Cash Common Dividend
- -
- -
500%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
5,201
5,210
4,506
4,756
19,537
2026
6,018
12,229
8,740
6,041
32,828
2027
6,380
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.87
3.15
2.33
1.66
9.99
2026
5.17
13.97
7.96
2.32
29.4
2027
3.95
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.5
2026
- -
- -
- -
- -
3
2027
- -
- -
- -
- -
- -
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Business
HBL Engineering Ltd manufactures and sells batteries and electronics systems in India and internationally; its operations span industrial batteries, defense and aviation batteries, and electronics segments. The company offers lead acid batteries, nickel-cadmium batteries, silver zinc batteries, defense batteries, and lithium batteries; it also provides rail signaling electronics, electronic fuzes for ammunition, train collision avoidance systems including Kavach, train management systems, electric drive trains, uninterruptible power supplies, inverters, rectifiers, and chargers. Founded in 1977 and headquartered in Hyderabad, India, HBL Engineering Ltd serves system integrators, EPC firms, railways, aviation, defense sectors, telecommunications, power plants, oil and gas, and government customers across transportation, electric power, telecom, and stationary engine starting industries; it operates through subsidiaries such as HBL America Inc and HBL Germany GmbH and is a subsidiary of Aluru Family Private Trust. In November 2024, the company changed its name from HBL Power Systems Limited to HBL Engineering Limited; recent major developments include securing Letters of Acceptance worth Rs 762.56 crore from Central Railway in 2025 for Kavach implementation across 413 stations and 3,900 km, alongside a Rs 1,522.40 crore order from Chittaranjan Locomotive Works in December 2024 for Kavach supply on 2,200 locomotives, boosting its order book to over Rs 3,618 crore in Kavach contracts for the fiscal year.