HPL Electric & Power Limited (HPL) AI Stock Analysis

• Market Cap: ₹28.03B
• Dividend Yield: 0.24%
• Average Volume (3M): 13.15K
• Price to Earnings (P/E): 29.4
• Beta (1Y): 1.57
• Revenue Growth: 10.26%
• EPS Growth: 77.36%
• Country: IN
• Employees: 1,262
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 2.87
• Shares Outstanding: 64,300,490
• 10 Day Avg. Volume: 9,762
• 30 Day Avg. Volume: 13,152
• PEG Ratio: 0.25
• Price to Book (P/B): 2.99
• Price to Sales (P/S): 1.60
• P/FCF Ratio: 42.24
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹449.00 ▲(6.37% Upside)

HPL Electric & Power Limited's overall stock score is driven by strong financial performance, but is tempered by bearish technical indicators and a high valuation. The company's robust revenue and profit growth are positive, but the stock's current market momentum and valuation metrics suggest caution.

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. The company operates through four segments: Metering, Switchgear, Lighting & Electronics, and Cables. It offers digital panel and energy, multi-function, din rail, 1Ph and 3P direct connection counter/LCD, trivector, dual source projection, long range integrated, import export – net, and IR and IRDA meters; load managers and demand controllers; power factor control and regulators; meter cover boxes; LPR, prepaid, smart, and group metering solutions; and data acquisition and billing software. The company also provides switches, sockets, communication sockets, regulators and dimmers, support modules, specialty products, plates, and boxes; cordless chimes, extension cords, holders and celling roses, international adapters, plug and multi plugs, special products, spike guard and power strips, wire doorbells, and video door phone accessories; and connectors and power socket combination products. In addition, it offers air circuit breakers, MCCB products, changeover switches, control and fuse gears, and isolators; and Osafe and RCCB products, MCB's and MCB changeover, distribution boards, ACCL 1 and 3 phase products, and oprotect products. Further, the company provides domestic and industrial wires; data networking and transmission, and specialty cables, as well as special, control, and instrumentation cables; downlights and panels; LED battens, lamp, panels, and spotlights; home décor products; and architecture, retail, boilers and petrol pump, high bay, box type LED, weatherproof, well glass, street, flood, and exotica lighting products, as well as solar products. It serves residential and commercial users, public and private enterprises, and power utilities through dealers and distributors. The company also exports its products to approximately 42 countries. HPL Electric & Power Limited was incorporated in 1992 and is based in Noida, India.

How the Company Makes Money

HPL Electric & Power Limited generates revenue through the sale of its extensive range of electrical products, including energy meters, switchgear, and lighting solutions. The company's revenue model is primarily driven by direct sales to utility companies and government contracts, which are significant contributors to its earnings. Additionally, HPL benefits from maintaining long-term relationships with various stakeholders in the energy sector, including partnerships with both public and private sector enterprises. The company also engages in research and development to innovate and expand its product line, thereby enhancing its market competitiveness and opening new revenue streams. Strategic collaborations and participation in infrastructure projects further bolster its financial performance.

HPL Electric & Power Limited Financial Statement Overview

Summary

HPL Electric & Power Limited demonstrates strong financial performance with robust revenue growth, improved profit margins, and solid cash flow generation. The balance sheet is stable, though leverage could be improved.

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	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	16.93B	17.05B	14.61B	12.62B	10.14B	8.75B
Gross Profit	6.03B	6.00B	4.85B	4.20B	3.60B	3.22B
EBITDA	2.62B	2.60B	1.81B	1.60B	1.29B	1.23B
Net Income	951.75M	937.69M	435.64M	301.78M	77.73M	99.64M
Balance Sheet
Total Assets	0.00	20.95B	18.74B	17.01B	16.38B	15.90B
Cash, Cash Equivalents and Short-Term Investments	612.82M	612.82M	263.62M	330.54M	390.80M	402.03M
Total Debt	0.00	6.39B	6.27B	6.00B	5.97B	5.88B
Total Liabilities	-9.17B	11.78B	10.44B	9.05B	8.72B	8.30B
Stockholders Equity	9.17B	9.15B	8.28B	7.94B	7.64B	7.58B
Cash Flow
Free Cash Flow	0.00	646.79M	568.25M	592.64M	560.78M	704.70M
Operating Cash Flow	0.00	1.38B	1.00B	1.04B	1.01B	845.60M
Investing Cash Flow	0.00	-701.26M	-393.65M	-398.19M	-413.09M	-81.42M
Financing Cash Flow	0.00	-657.24M	-723.13M	-737.91M	-580.34M	-705.97M

HPL Electric & Power Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 422.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 422.1 is below the 20-day moving average (MA) of 440.13, below the 50-day MA of 458.47, and below the 200-day MA of 478.97, indicating a bearish trend. The MACD of -9.37 indicates Positive momentum. The RSI at 33.54 is Neutral, neither overbought nor oversold. The STOCH value of 12.12 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RRKABEL	74 Outperform	₹160.88B	39.85	―	0.54%	17.36%	52.81%
BBL	73 Outperform	₹34.01B	23.13	―	1.19%	16.36%	21.58%
UNIVCABLES	70 Outperform	₹25.25B	21.64	―	0.56%	24.13%	30.01%
GENUSPOWER	68 Neutral	₹107.37B	24.70	―	0.69%	119.77%	228.13%
FINCABLES	67 Neutral	₹120.39B	19.43	―	1.04%	8.79%	-15.74%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HPL	61 Neutral	₹28.03B	29.45	―	0.24%	10.26%	77.36%

HPL Electric & Power Limited Corporate Events

HPL Electric & Power Releases Q1 Financial Call Recording

HPL Electric & Power Limited announced the availability of an audio recording from its recent investors and analysts conference call discussing the company’s unaudited financial results for the quarter ending June 30, 2025. This move reflects the company’s commitment to transparency and engagement with stakeholders, potentially impacting its market perception positively.