HPL Electric & Power Limited (HPL) AI Stock Analysis

• Market Cap: ₹37.56B
• Dividend Yield: 0.17%
• Average Volume (3M): 40.49K
• Price to Earnings (P/E): 40.1
• Beta (1Y): 1.64
• Revenue Growth: 10.26%
• EPS Growth: 77.41%
• Country: IN
• Employees: 1,262
• Sector: Industrials
• Sector Strength: 84
• Industry: Electrical Equipment & Parts
• EPS (TTM): 2.87
• Shares Outstanding: 64,300,490
• 10 Day Avg. Volume: 25,160
• 30 Day Avg. Volume: 40,487
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹567.00
• Price Target Upside: -4.44% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: ₹567.00 ▼(-4.44% Downside)

HPL Electric & Power Limited's overall stock score reflects its strong financial performance and stable balance sheet. However, technical analysis indicates neutral to bearish trends, and the high valuation metrics suggest potential overvaluation. While the company's profitability and cash flow generation are commendable, caution is advised due to current market sentiment and valuation concerns.

HPL Electric & Power Limited Business Overview & Revenue Model

Company Description

HPL Electric & Power Limited (HPL) is a leading Indian company engaged in the manufacturing and supply of electrical equipment and power distribution products. The company operates across several sectors including metering solutions, switchgear, lighting, and wires & cables. HPL is known for its wide range of products that cater to both residential and industrial needs, providing innovative and energy-efficient solutions that adhere to international standards.

How the Company Makes Money

HPL Electric & Power Limited generates revenue primarily through the sale of its diverse range of electrical products. The company's key revenue streams include metering solutions that provide electricity consumption measurement and monitoring, switchgear products that ensure the safe distribution of electricity, lighting solutions that range from conventional to LED products, and wires & cables that are essential for electrical connectivity. HPL benefits from its strong distribution network and strategic partnerships with various industries and government projects, which contribute to its earnings. The company also invests in research and development to innovate and expand its product offerings, ensuring a competitive advantage in the market.

HPL Electric & Power Limited Financial Statement Overview

Summary

HPL Electric & Power Limited demonstrates strong financial performance with robust revenue growth and improved profit margins. The balance sheet is stable with moderate leverage, and cash flow metrics are healthy, indicating efficient capital management.

Income Statement

HPL Electric & Power Limited has shown robust revenue growth, with total revenue increasing from ₹8,750.9 million in 2021 to ₹17,051.2 million in 2025. The gross profit margin has improved over the years, reaching approximately 35.2% in 2025. The net profit margin has also risen, indicating enhanced profitability. The EBIT and EBITDA margins have improved significantly, demonstrating effective cost management and operational efficiency. The company's revenue growth rate from 2024 to 2025 was a strong 16.7%, showcasing an upward growth trajectory.

Balance Sheet

The balance sheet of HPL is stable, with a steady increase in stockholders' equity, reflecting shareholder confidence. The debt-to-equity ratio is relatively moderate, suggesting manageable leverage levels, though there is room for improvement. The equity ratio has been stable, indicating a solid base of equity financing. Return on Equity (ROE) has improved, driven by rising net income, which is a positive indicator of the company's ability to generate returns on shareholders' investments.

Cash Flow

HPL's cash flow position is strong, with consistent growth in operating cash flow over the years. The free cash flow has shown positive growth, indicating efficient capital management. The operating cash flow to net income ratio is healthy, suggesting the company's ability to convert profits into cash. Moreover, free cash flow to net income ratio is favorable, reflecting efficient cash generation relative to reported earnings.

Breakdown	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	17.05B	14.61B	10.14B	12.62B	8.75B
Gross Profit	6.00B	4.85B	3.60B	4.20B	3.22B
EBITDA	2.60B	1.81B	1.29B	1.60B	1.23B
Net Income	937.69M	435.64M	77.73M	301.78M	99.64M
Balance Sheet
Total Assets	20.95B	18.74B	16.38B	17.01B	15.90B
Cash, Cash Equivalents and Short-Term Investments	612.82M	263.62M	390.80M	836.89M	340.14M
Total Debt	6.39B	6.27B	5.97B	6.00B	5.88B
Total Liabilities	11.78B	10.44B	8.72B	9.05B	8.30B
Stockholders Equity	9.15B	8.28B	7.64B	7.94B	7.58B
Cash Flow
Free Cash Flow	646.79M	568.25M	560.78M	592.64M	704.70M
Operating Cash Flow	1.38B	1.00B	1.01B	1.04B	845.60M
Investing Cash Flow	-701.26M	-393.65M	-413.09M	-398.19M	-81.42M
Financing Cash Flow	-657.24M	-723.13M	-580.34M	-737.91M	-705.97M

HPL Electric & Power Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 593.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HPL, the sentiment is Positive. The current price of 593.35 is above the 20-day moving average (MA) of 577.78, above the 50-day MA of 571.24, and above the 200-day MA of 500.86, indicating a bullish trend. The MACD of 1.96 indicates Negative momentum. The RSI at 56.85 is Neutral, neither overbought nor oversold. The STOCH value of 60.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HPL.

HPL Electric & Power Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FINCABLES	70 Outperform	₹128.82B	20.80		83.13%	8.79%	-15.75%
UNIVCABLES	68 Neutral	₹25.53B	21.88		0.41%	19.19%	-17.42%
BBL	66 Neutral	₹31.58B	22.95		1.25%	10.30%	5.81%
RRKABEL	66 Neutral	₹136.99B	40.63		0.74%	15.63%	16.30%
GENUSPOWER	64 Neutral	₹111.39B	25.64		0.17%	119.77%	228.09%
Sector *	63 Neutral	$10.83B	16.63	7.96%	2.06%	2.20%	-16.67%
HPL	54 Neutral	₹37.56B	40.06		0.17%	10.26%	77.41%