HPL Electric & Power Limited (HPL) AI Stock Analysis

• Market Cap: ₹17.61B
• Dividend Yield: 0.24%
• Average Volume (3M): 13.15K
• Price to Earnings (P/E): 33.7
• Beta (1Y): 1.50
• Revenue Growth: 6.08%
• EPS Growth: 49.44%
• Country: IN
• Employees: 1,262
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 3.02
• 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: ₹447.00
• Price Target Upside: 13.41% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ₹311.00 ▼(-21.10% Downside)
• Action: Reiterated Date: 03/19/26
• Date: Action: Reiterated 03/19/26

Overall score is driven by strong financial performance (growth, improving margins, and solid cash generation) but is held back by weak technicals (price below major moving averages and negative MACD) and a relatively high P/E with a minimal dividend yield.

Positive Factors

Revenue growth trajectory

HPL has roughly doubled revenue over four years, evidencing durable market traction across meters, switchgear and consumer lines. Sustained top-line expansion supports scale benefits, strengthens tender competitiveness and underpins longer‑term investment in product and distribution capabilities.

Negative Factors

Tender-driven revenue cyclicality

Heavy reliance on utility tenders and bulk procurement creates structural revenue lumpiness and order timing risk. Tender cycles and government capex pacing can produce multi-quarter variability in backlog, working capital needs and utilization, constraining predictability of near-term cash flows.

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-fu...

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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-fu...

How the Company Makes Money

HPL primarily makes money by manufacturing and selling electrical equipment across multiple product lines. A major revenue stream is the sale of electricity meters (including conventional and smart/prepaid variants, where applicable) and related m...

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HPL primarily makes money by manufacturing and selling electrical equipment across multiple product lines. A major revenue stream is the sale of electricity meters (including conventional and smart/prepaid variants, where applicable) and related m...

HPL Electric & Power Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	17.05B	17.05B	14.61B	10.14B	8.75B	9.77B
Gross Profit	6.15B	6.00B	4.85B	3.60B	3.22B	3.64B
EBITDA	2.67B	2.60B	1.81B	1.29B	1.23B	1.23B
Net Income	959.25M	937.69M	435.64M	77.73M	99.64M	217.72M
Balance Sheet
Total Assets	22.64B	20.95B	18.74B	16.38B	15.90B	15.69B
Cash, Cash Equivalents and Short-Term Investments	881.33M	612.82M	263.62M	390.80M	402.03M	295.70M
Total Debt	7.42B	6.39B	6.27B	5.97B	5.88B	5.94B
Total Liabilities	13.06B	11.78B	10.44B	8.72B	8.30B	8.19B
Stockholders Equity	9.56B	9.15B	8.28B	7.64B	7.58B	7.49B
Cash Flow
Free Cash Flow	-363.13M	646.79M	568.25M	560.78M	704.70M	-51.42M
Operating Cash Flow	1.15B	1.38B	1.00B	1.01B	845.60M	625.14M
Investing Cash Flow	-1.62B	-701.26M	-393.65M	-413.09M	-81.42M	-599.02M
Financing Cash Flow	573.54M	-657.24M	-723.13M	-580.34M	-705.97M	-29.41M

HPL Electric & Power Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 394.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Negative. The current price of 394.15 is above the 20-day moving average (MA) of 306.77, above the 50-day MA of 327.05, and below the 200-day MA of 443.52, indicating a bearish trend. The MACD of -16.67 indicates Positive momentum. The RSI at 41.45 is Neutral, neither overbought nor oversold. The STOCH value of 21.22 is Neutral, 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	₹148.63B	34.73	―	0.49%	17.36%	52.81%
BBL	70 Outperform	₹24.08B	30.72	―	1.27%	16.36%	21.58%
GENUSPOWER	68 Neutral	₹68.69B	14.87	―	0.82%	129.98%	215.49%
FINCABLES	66 Neutral	₹123.35B	17.47	―	1.04%	7.42%	-4.96%
UNIVCABLES	64 Neutral	₹22.42B	28.34	―	0.45%	24.03%	51.58%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HPL	60 Neutral	₹17.61B	33.68	―	0.24%	6.08%	49.44%

HPL Electric & Power Limited Corporate Events