Want to see IN:HPL full AI Analyst Report?
Top Page
HPL Electric & Power Limited
(HPL)
Select Model
Select Model
Rating:60Neutral
Price Target:
₹330.00
▼(-16.28% Downside)
Action:Reiterated
Date:05/28/26
The score is primarily constrained by financial performance, where negative free cash flow and softer recent profitability offset strong multi-year growth. Technicals are supportive with improving momentum, but valuation is demanding given the high P/E and low dividend yield.
Positive Factors
Long-Term Revenue Growth
Revenue has more than doubled over the period, demonstrating durable demand for HPL’s metering, switchgear, lighting, and cable products and supporting continued scale across utility, industrial, and commercial markets.
Negative Factors
Recent Revenue Growth Slowdown
Although the multi-year trajectory is strong, the latest slowdown suggests that demand, order timing, or execution may be moderating. Sustained slower growth could limit operating leverage and reduce the pace of earnings expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-Term Revenue Growth
Revenue has more than doubled over the period, demonstrating durable demand for HPL’s metering, switchgear, lighting, and cable products and supporting continued scale across utility, industrial, and commercial markets.
Read all positive factors
HPL Electric & Power Limited (HPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.08B
Dividend Yield0.32%
Average Volume (3M)13.15K
Price to Earnings (P/E)22.0
Beta (1Y)1.33
Revenue Growth14.96%
EPS Growth-4.12%
CountryIN
Employees1,516
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)14.92
Shares Outstanding64,300,490
10 Day Avg. Volume9,762
30 Day Avg. Volume13,152
Financial Highlights & Ratios
PEG Ratio-6.16
Price to Book (P/B)1.65
Price to Sales (P/S)0.91
P/FCF Ratio-21.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)22
Revenue Forecast (FY)₹26.56B
HPL Electric & Power Limited Business Overview & Revenue Model
Company Description
HPL Electric & Power Limited manufactures and sells electric equipment under the HPL brand in India. It offers digital panel and energy, multi-function, load managers, demand controllers, power quality, projection, dual source energy, HTCT, and ke...
How the Company Makes Money
HPL makes money primarily by selling electrical equipment and solutions through a product-led revenue model. Its key revenue streams typically include: (1) Metering business: Revenue from supplying electricity meters (including smart/prepaid meter...
HPL Electric & Power Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.05B | 18.11B | 17.05B | 14.61B | 12.62B | 10.14B |
| Gross Profit | 6.15B | 3.75B | 6.00B | 4.85B | 4.20B | 3.60B |
| EBITDA | 2.67B | 2.81B | 2.60B | 1.81B | 1.60B | 1.29B |
| Net Income | 959.25M | 910.12M | 937.69M | 435.64M | 301.78M | 77.73M |
Balance Sheet | ||||||
| Total Assets | 22.64B | 23.98B | 20.95B | 18.74B | 17.01B | 16.38B |
| Cash, Cash Equivalents and Short-Term Investments | 881.33M | 811.61M | 612.82M | 263.62M | 330.54M | 390.80M |
| Total Debt | 7.42B | 6.55B | 6.39B | 6.27B | 6.00B | 5.97B |
| Total Liabilities | 13.06B | 13.96B | 11.78B | 10.44B | 9.05B | 8.72B |
| Stockholders Equity | 9.56B | 10.00B | 9.15B | 8.28B | 7.94B | 7.64B |
Cash Flow | ||||||
| Free Cash Flow | -363.13M | -786.21M | 646.79M | 568.25M | 592.64M | 560.78M |
| Operating Cash Flow | 1.15B | 1.38B | 1.38B | 1.00B | 1.04B | 1.01B |
| Investing Cash Flow | -1.62B | -2.27B | -701.26M | -393.65M | -398.19M | -413.09M |
| Financing Cash Flow | 573.54M | 1.10B | -657.24M | -723.13M | -737.91M | -580.34M |
HPL Electric & Power Limited Technical Analysis
Negative
394.15
Price Trends
348.81
Negative
345.88
Negative
360.43
Negative
Market Momentum
-8.45
Positive
33.14
Neutral
6.64
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HPL, the sentiment is Negative. The current price of 394.15 is above the 20-day moving average (MA) of 332.33, above the 50-day MA of 348.81, and above the 200-day MA of 360.43, indicating a bearish trend. The MACD of -8.45 indicates Positive momentum. The RSI at 33.14 is Neutral, neither overbought nor oversold. The STOCH value of 6.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HPL.
HPL Electric & Power Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹101.06B | 31.91 | ― | 1.09% | 17.84% | -2.60% | |
64 Neutral | ₹88.95B | 34.14 | ― | 0.07% | 14.60% | -0.37% | |
60 Neutral | ₹20.08B | 22.03 | ― | 0.24% | 14.96% | -4.12% | |
58 Neutral | ₹59.84B | 29.87 | ― | 0.34% | 33.64% | 71.66% | |
58 Neutral | ₹25.97B | 23.23 | ― | 1.39% | 18.29% | -18.73% | |
56 Neutral | ₹43.65B | 34.40 | ― | 0.39% | 60.51% | 85.36% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:HPL
HPL Electric & Power Limited
314.10
-184.42
-36.99%
IN:BBL
Bharat Bijlee Limited
2,333.50
-424.73
-15.40%
IN:RAMRAT
Ram Ratna Wires Limited
473.45
123.37
35.24%
IN:TARIL
Transformers and Rectifiers (India) Limited
297.25
-204.60
-40.77%
IN:UNIVCABLES
Universal Cables Limited
1,746.25
1,044.19
148.73%
IN:VOLTAMP
Voltamp Transformers Limited
10,095.20
1,952.76
23.98%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.