HBL Engineering Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 45.3%)
- Efficient capital deployment (ROCE 58.4%)
- Attractively valued vs sector (P/E 24.1x vs industry 48.4x)
- Virtually debt-free
Concerns
- High premium to book value (P/B 8.7x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,856 | ₹3.2L Cr | 34.8 | 7.91 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹405 | ₹3.0L Cr | 48.2 | 12.36 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹475 −0.03% | ₹1.7L Cr | 22.7 | 10.71 | 34 | 35.9 | 0.44 |
| ABB ABB India Limited | ₹7,410 | ₹1.6L Cr | 102 | 16.8 | 22.4 | 29.9 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹431 | ₹1.5L Cr | 61.7 | 5.74 | 6.23 | 9.14 | 0.45 |
| SIEMENS Siemens Limited | ₹3,977 | ₹1.4L Cr | 94.2 | 10.22 | 19.2 | 21.4 | 0.01 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹891 | ₹1.4L Cr | 110 | 17.61 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
HBLENGINE · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 59.11% | 59.11% | 59.11% | 59.10% | 59.10% | 59.10% |
| FII | 2.66% | 4.59% | 4.66% | 4.91% | 5.22% | 4.83% |
| DII | 0.41% | 0.66% | 1.07% | 0.96% | 0.39% | 0.36% |
| Public | 37.82% | 35.65% | 35.17% | 35.03% | 35.27% | 35.70% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
To consider and approve the audited financial results for the period ended March 31, 2026 and recommendation of dividend, if any for the financial year 2025-26
Interim Dividend - Rs 2 Per Share
Dividend - Re 1 Per Share
Annual General Meeting/Dividend - Re 0.50 Per Share
Annual General Meeting/Dividend - Re 0.45 Per Share
Latest News
All newsHBL Engineering bags new orders worth **₹127.45 Cr**
*HBL Engineering bags new orders worth **₹127.45 Cr**.* The company has secured fresh contracts, enhancing its order book. This development is positive for near-term revenue visibility. Execution will be over the next 12–18 months. 📊 *STOCKS:* $HBLPOWER | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Orders
HBL Engineering sets dividend record date
*HBL Engineering sets dividend record date*. HBL Engineering Limited has announced **11-Sep-2026** as the record date for dividend distribution. Shareholders registered on or before this date will be eligible for the dividend. The company has not disclosed the dividend amount yet. 📊 *STOCKS:* HBLPOWER | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Dividend
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹874 Cr 28.5% | ₹1.2K Cr 103.2% | ₹602 Cr 26.5% | ₹476 Cr 5.5% | ₹451 Cr 13.4% | ₹521 Cr 0.2% | ₹520 Cr 14.8% | ₹610 Cr |
| Op. Profit | ₹302 Cr 44.5% | ₹544 Cr 183.3% | ₹192 Cr 143.0% | ₹79 Cr 16.0% | ₹94 Cr 13.8% | ₹109 Cr 0.9% | ₹110 Cr 16.0% | ₹131 Cr |
| OPM | 35.0% 20.5% | 44.0% 37.5% | 32.0% 88.2% | 17.0% 19.0% | 21.0% 0.0% | 21.0% 0.0% | 21.0% 4.5% | 22.0% |
| Net Profit | ₹220 Cr 43.2% | ₹387 Cr 170.6% | ₹143 Cr 217.8% | ₹45 Cr 30.8% | ₹65 Cr 25.3% | ₹87 Cr 8.8% | ₹80 Cr 1.2% | ₹81 Cr |
| EPS (₹) | 7.96 43.0% | 13.97 170.2% | 5.17 219.1% | 1.62 30.5% | 2.33 26.0% | 3.15 9.0% | 2.89 1.7% | 2.94 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.3K Cr 67.9% | ₹2.0K Cr 11.9% | ₹2.2K Cr 63.1% | ₹1.4K Cr 10.8% | ₹1.2K Cr 35.5% | ₹912 Cr 16.5% | ₹1.1K Cr 13.7% | ₹1.3K Cr 21.0% | ₹1.6K Cr 13.4% | ₹1.4K Cr |
| Expenses | ₹2.2K Cr 39.1% | ₹1.6K Cr 13.0% | ₹1.8K Cr 48.7% | ₹1.2K Cr 10.9% | ₹1.1K Cr 29.8% | ₹845 Cr 16.4% | ₹1.0K Cr 13.5% | ₹1.2K Cr 20.9% | ₹1.5K Cr 14.9% | ₹1.3K Cr |
| Op. Profit | ₹1.1K Cr 183.2% | ₹393 Cr 7.1% | ₹423 Cr 180.1% | ₹151 Cr 8.6% | ₹139 Cr 107.5% | ₹67 Cr 17.3% | ₹81 Cr 16.5% | ₹97 Cr 23.0% | ₹126 Cr 2.3% | ₹129 Cr |
| OPM | 34.0% 70.0% | 20.0% 5.3% | 19.0% 72.7% | 11.0% 0.0% | 11.0% 57.1% | 7.0% 0.0% | 7.0% 12.5% | 8.0% 0.0% | 8.0% 11.1% | 9.0% |
| Other Income | ₹28 Cr 26.3% | ₹38 Cr 375.0% | ₹8 Cr 60.0% | ₹20 Cr 23.1% | ₹26 Cr 333.3% | ₹6 Cr 72.7% | ₹22 Cr 4.8% | ₹21 Cr 31.3% | ₹16 Cr 23.8% | ₹21 Cr |
| Interest | ₹15 Cr 15.4% | ₹13 Cr 0.0% | ₹13 Cr 85.7% | ₹7 Cr 0.0% | ₹7 Cr 53.3% | ₹15 Cr 31.8% | ₹22 Cr 29.0% | ₹31 Cr 24.4% | ₹41 Cr 10.9% | ₹46 Cr |
| Depreciation | ₹51 Cr 15.9% | ₹44 Cr 7.3% | ₹41 Cr 17.1% | ₹35 Cr 0.0% | ₹35 Cr 10.3% | ₹39 Cr 4.9% | ₹41 Cr 6.8% | ₹44 Cr 4.3% | ₹46 Cr 4.2% | ₹48 Cr |
| PBT | ₹1.1K Cr 187.4% | ₹374 Cr 0.8% | ₹377 Cr 190.0% | ₹130 Cr 6.6% | ₹122 Cr 542.1% | ₹19 Cr 52.5% | ₹40 Cr 7.0% | ₹43 Cr 21.8% | ₹55 Cr 1.9% | ₹54 Cr |
| Tax % | 25.0% 3.8% | 26.0% 0.0% | 26.0% 8.3% | 24.0% 4.3% | 23.0% 20.7% | 29.0% 17.1% | 35.0% 0.0% | 35.0% 16.7% | 42.0% 44.8% | 29.0% |
| Net Profit | ₹814 Cr 194.9% | ₹276 Cr 1.4% | ₹280 Cr 185.7% | ₹98 Cr 4.3% | ₹94 Cr 571.4% | ₹14 Cr 46.2% | ₹26 Cr 7.1% | ₹28 Cr 12.5% | ₹32 Cr 15.8% | ₹38 Cr |
| EPS (₹) | 29.4 194.3% | 9.99 1.4% | 10.13 184.6% | 3.56 5.0% | 3.39 578.0% | 0.5 47.4% | 0.95 5.0% | 1 12.3% | 1.14 25.5% | 1.53 |
| Div Payout | 3.0% 70.0% | 10.0% 100.0% | 5.0% 61.5% | 13.0% 8.3% | 12.0% 83.1% | 71.0% 121.9% | 32.0% 6.7% | 30.0% 36.4% | 22.0% 22.2% | 18.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹28 Cr 0.0% | ₹28 Cr 0.0% | ₹28 Cr 0.0% | ₹28 Cr 0.0% | ₹28 Cr 0.0% | ₹28 Cr 0.0% | ₹28 Cr 0.0% | ₹28 Cr 0.0% | ₹28 Cr 0.0% | ₹28 Cr |
| Reserves | ₹2.0K Cr 34.5% | ₹1.5K Cr 22.0% | ₹1.2K Cr 29.1% | ₹924 Cr 10.3% | ₹838 Cr 11.1% | ₹754 Cr 1.2% | ₹745 Cr 0.8% | ₹739 Cr 2.1% | ₹724 Cr 3.3% | ₹701 Cr |
| Borrowings | ₹87 Cr 17.6% | ₹74 Cr 10.4% | ₹67 Cr 22.1% | ₹86 Cr 36.5% | ₹63 Cr 10.0% | ₹70 Cr 56.5% | ₹161 Cr 30.6% | ₹232 Cr 36.6% | ₹366 Cr 23.6% | ₹479 Cr |
| Other Liabilities | ₹605 Cr 43.4% | ₹422 Cr 15.3% | ₹366 Cr 42.4% | ₹257 Cr 26.0% | ₹204 Cr 10.9% | ₹184 Cr 8.9% | ₹169 Cr 4.3% | ₹162 Cr 27.7% | ₹224 Cr 13.2% | ₹258 Cr |
| Total Liabilities | ₹2.7K Cr 35.2% | ₹2.0K Cr 19.7% | ₹1.7K Cr 27.8% | ₹1.3K Cr 14.2% | ₹1.1K Cr 9.4% | ₹1.0K Cr 6.1% | ₹1.1K Cr 5.0% | ₹1.2K Cr 13.5% | ₹1.3K Cr 8.5% | ₹1.5K Cr |
Assets | ||||||||||
| Fixed Assets | ₹416 Cr 4.8% | ₹397 Cr 12.1% | ₹354 Cr 10.6% | ₹320 Cr 20.8% | ₹265 Cr 5.0% | ₹279 Cr 8.2% | ₹304 Cr 5.3% | ₹321 Cr 11.6% | ₹363 Cr 12.9% | ₹417 Cr |
| CWIP | ₹129 Cr 89.7% | ₹68 Cr 240.0% | ₹20 Cr 60.0% | ₹50 Cr 38.3% | ₹81 Cr 88.4% | ₹43 Cr 59.3% | ₹27 Cr 27.0% | ₹37 Cr 42.3% | ₹26 Cr 21.2% | ₹33 Cr |
| Investments | ₹319 Cr 10.0% | ₹290 Cr 168.5% | ₹108 Cr 1100.0% | ₹9 Cr 12.5% | ₹8 Cr 14.3% | ₹7 Cr 16.7% | ₹6 Cr 20.0% | ₹5 Cr 0.0% | ₹5 Cr 37.5% | ₹8 Cr |
| Other Assets | ₹1.8K Cr 48.0% | ₹1.2K Cr 4.6% | ₹1.2K Cr 28.0% | ₹915 Cr 17.5% | ₹779 Cr 10.2% | ₹707 Cr 7.7% | ₹766 Cr 3.9% | ₹797 Cr 15.8% | ₹947 Cr 6.1% | ₹1.0K Cr |
| Total Assets | ₹2.7K Cr 35.2% | ₹2.0K Cr 19.7% | ₹1.7K Cr 27.8% | ₹1.3K Cr 14.2% | ₹1.1K Cr 9.4% | ₹1.0K Cr 6.1% | ₹1.1K Cr 5.0% | ₹1.2K Cr 13.5% | ₹1.3K Cr 8.5% | ₹1.5K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹239 Cr 11.5% | ₹270 Cr 121.3% | ₹122 Cr 96.8% | ₹62 Cr 48.8% | ₹121 Cr 18.8% | ₹149 Cr 10.8% | ₹167 Cr 5.0% | ₹159 Cr 269.8% | ₹43 Cr 72.8% | ₹158 Cr |
| Investing CF | ₹-320 Cr 133.6% | ₹-137 Cr 174.0% | ₹-50 Cr 194.1% | ₹-17 Cr 46.9% | ₹-32 Cr 433.3% | ₹-6 Cr 700.0% | ₹1 Cr 112.5% | ₹-8 Cr 113.3% | ₹60 Cr 700.0% | ₹-10 Cr |
| Financing CF | ₹-26 Cr 38.1% | ₹-42 Cr 520.0% | ₹10 Cr 145.5% | ₹-22 Cr 78.8% | ₹-104 Cr 8.8% | ₹-114 Cr 30.1% | ₹-163 Cr 8.7% | ₹-150 Cr 31.6% | ₹-114 Cr 25.5% | ₹-153 Cr |
| Net Cash Flow | ₹-107 Cr 217.6% | ₹91 Cr 11.0% | ₹82 Cr 256.5% | ₹23 Cr 264.3% | ₹-14 Cr 148.3% | ₹29 Cr 480.0% | ₹5 Cr 400.0% | ₹1 Cr 109.1% | ₹-11 Cr 120.0% | ₹-5 Cr |
| Free Cash Flow | ₹120 Cr 41.2% | ₹204 Cr 200.0% | ₹68 Cr 65.9% | ₹41 Cr 52.3% | ₹86 Cr 38.6% | ₹140 Cr 16.7% | ₹168 Cr 12.8% | ₹149 Cr 2880.0% | ₹5 Cr 96.5% | ₹144 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 69d 19.0% | 58d 30.1% | 83d 3.5% | 86d 15.7% | 102d 0.0% | 102d 2.9% | 105d 1.9% | 103d 15.6% | 122d 1.7% | 120d |
| Inventory Days | 201d 46.7% | 137d 6.8% | 147d 1.3% | 149d 20.7% | 188d 16.0% | 162d 11.7% | 145d 15.1% | 126d 25.0% | 168d 9.2% | 185d |
| Days Payable | 68d 65.9% | 41d 4.7% | 43d 2.4% | 42d 4.5% | 44d 7.3% | 41d 20.6% | 34d 20.9% | 43d 36.8% | 68d 11.7% | 77d |
| Cash Conv. Cycle | 202d 31.2% | 154d 18.1% | 188d 2.6% | 193d 21.5% | 246d 10.8% | 222d 2.8% | 216d 16.1% | 186d 16.2% | 222d 2.6% | 228d |
| Working Capital Days | 106d 30.9% | 81d 30.8% | 117d 7.1% | 126d 15.4% | 149d 23.1% | 121d 16.3% | 104d 42.5% | 73d 10.6% | 66d 20.0% | 55d |
| ROCE | 27.0% 25.0% | 36.0% 157.1% | 14.0% 7.7% | 13.0% 225.0% | 4.0% 33.3% | 6.0% 0.0% | 6.0% 33.3% | 9.0% 12.5% | 8.0% 0.0% | 8.0% |
Source: Screener.in · Lower days = better efficiency
About HBL Engineering Limited
Incorporated in 1983, HBL Power System Ltd manufactures and services different types of batteries, e-mobility, and other products[1]
Capital GoodsIndustrial Products