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 26.6x vs industry 53.3x)
- ✓Virtually debt-free
Concerns
- ✗High premium to book value (P/B 9.9x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| BEL Bharat Electronics Limited | ₹408 | ₹3.0L Cr | 49.2 | 12.44 | 27.6 | 36.5 | 0 |
| HAL Hindustan Aeronautics Limited | ₹4,216 | ₹2.9L Cr | 31.4 | 6.87 | 24 | 32 | 0 |
| CUMMINSIND Cummins India Limited | ₹5,776 | ₹1.6L Cr | 65.3 | 18.88 | 30.2 | 39.5 | 0 |
| ABB ABB India Limited | ₹7,160 | ₹1.5L Cr | 99.4 | 19.35 | 22.4 | 29.9 | 0.01 |
| POLYCAB Polycab India Limited | ₹9,670 | ₹1.4L Cr | 53.7 | 12.12 | 24.5 | 34.3 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹387 | ₹1.4L Cr | 89.4 | 5.15 | 6.29 | 8.51 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹938 | ₹1.4L Cr | 116 | 18.54 | 20.8 | 27 | 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 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
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 % | 26.0% ▲0.0% | 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 | ₹247 Cr ▼9.5% | ₹273 Cr ▲123.8% | ₹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 ▼130.2% | ₹-139 Cr ▼178.0% | ₹-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 | ₹-33 Cr ▲21.4% | ₹-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 | ₹96 Cr ▼57.9% | ₹228 Cr ▲235.3% | ₹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 Goods · Industrial Products