HPL Electric & Power Limited (IN:HPL)
:HPL
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HPL Electric & Power Limited
(HPL)
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Rating:60Neutral
Price Target:
₹393.00
▼(-0.29% 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
Multi-year Revenue Growth
Sustained revenue expansion over multiple years demonstrates durable demand for HPL's metering and low-voltage products and supports scale economies. This multi-year top-line momentum underpins longer-term market penetration and provides runway for margin recovery and reinvestment over the next 2–6 months.
Negative Factors
Negative Free Cash Flow
A sharp swing to negative free cash flow implies higher capex or working-capital strain and reduces financial flexibility. If negative FCF persists, HPL may need external funding or delay investment, increasing execution risk and pressuring liquidity over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Growth
Sustained revenue expansion over multiple years demonstrates durable demand for HPL's metering and low-voltage products and supports scale economies. This multi-year top-line momentum underpins longer-term market penetration and provides runway for margin recovery and reinvestment over the next 2–6 months.
Read all positive factors
HPL Electric & Power Limited (HPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹24.25B
Dividend Yield0.24%
Average Volume (3M)13.15K
Price to Earnings (P/E)26.7
Beta (1Y)1.38
Revenue Growth6.52%
EPS Growth-2.94%
CountryIN
Employees1,262
SectorIndustrials
Sector Strength72
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, an Indian company established in 1992 and based in Noida, specializes in the manufacturing and distribution of a wide array of electrical equipment under its own HPL brand. The company's operations are structured into...
How the Company Makes Money
HPL primarily makes money by selling electrical equipment and solutions across two broad revenue streams: (1) Metering and system solutions: revenue is generated from supplying electricity meters (including smart/prepaid/specialty meters where app...
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
Positive
394.15
Price Trends
354.63
Positive
337.88
Positive
385.78
Negative
Market Momentum
4.55
Negative
59.89
Neutral
81.44
Negative
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 394.15 is above the 20-day moving average (MA) of 359.05, above the 50-day MA of 354.63, and above the 200-day MA of 385.78, indicating a neutral trend. The MACD of 4.55 indicates Negative momentum. The RSI at 59.89 is Neutral, neither overbought nor oversold. The STOCH value of 81.44 is Negative, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹177.58B | 24.83 | ― | 1.04% | 18.84% | 1.84% | |
68 Neutral | ₹259.66B | 52.75 | ― | 0.49% | 27.62% | 57.80% | |
65 Neutral | ₹99.23B | 15.20 | ― | 0.82% | 94.55% | 93.38% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹42.86B | 26.30 | ― | 0.45% | 25.51% | 82.46% | |
60 Neutral | ₹24.25B | 26.68 | ― | 0.24% | 6.52% | -2.94% | |
58 Neutral | ₹31.55B | 26.28 | ― | 1.27% | 19.57% | -10.15% |
* Industrials Sector Average
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HPL Electric & Power Limited Corporate Events
HPL Electric & Power Closes Trading Window Ahead of FY26 Results
Mar 21, 2026
HPL Electric Power Limited has notified the stock exchanges that it will close its trading window for designated persons and their immediate relatives from April 1, 2026, until 48 hours after the announcement of its financial results for the quar...
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.