High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: Outperforming stock! In past three years, the stock has provided 62.6% return compared to 9.8% by NIFTY 50.
Momentum: Stock price has a strong positive momentum. Stock is up 20.8% in last 30 days.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Balance Sheet: Reasonably good balance sheet.
No major cons observed.
Valuation | |
|---|---|
| Market Cap | 2.49 kCr |
| Price/Earnings (Trailing) | 25.64 |
| Price/Sales (Trailing) | 1.39 |
| EV/EBITDA | 8.98 |
| Price/Free Cashflow | 45.04 |
| MarketCap/EBT | 18.79 |
| Enterprise Value | 2.49 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 1.79 kCr |
| Rev. Growth (Yr) | 20.7% |
| Earnings (TTM) | 97.63 Cr |
| Earnings Growth (Yr) | 7.9% |
Profitability | |
|---|---|
| Operating Margin | 8% |
| EBT Margin | 7% |
| Return on Equity | 10.19% |
| Return on Assets | 4.31% |
| Free Cashflow Yield | 2.22% |
Growth & Returns | |
|---|---|
| Price Change 1W | 8.5% |
| Price Change 1M | 20.8% |
| Price Change 6M | -7.9% |
| Price Change 1Y | -1.5% |
| 3Y Cumulative Return | 62.6% |
| 5Y Cumulative Return | 53% |
| 7Y Cumulative Return | 32.8% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -70.13 Cr |
| Cash Flow from Operations (TTM) | 138.21 Cr |
| Cash Flow from Financing (TTM) | -65.72 Cr |
| Cash & Equivalents | 34.07 Cr |
| Free Cash Flow (TTM) | 64.68 Cr |
| Free Cash Flow/Share (TTM) | 10.06 |
Balance Sheet | |
|---|---|
| Total Assets | 2.26 kCr |
| Total Liabilities | 1.31 kCr |
| Shareholder Equity | 957.79 Cr |
| Current Assets | 1.6 kCr |
| Current Liabilities | 1.2 kCr |
| Net PPE | 580.68 Cr |
| Inventory | 733.73 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.33 |
| Debt/Equity | 0.77 |
| Interest Coverage | 0.4 |
| Interest/Cashflow Ops | 2.56 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1 |
| Dividend Yield | 0.31% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: Outperforming stock! In past three years, the stock has provided 62.6% return compared to 9.8% by NIFTY 50.
Momentum: Stock price has a strong positive momentum. Stock is up 20.8% in last 30 days.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Balance Sheet: Reasonably good balance sheet.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.31% |
| Dividend/Share (TTM) | 1 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 15.13 |
Financial Health | |
|---|---|
| Current Ratio | 1.33 |
| Debt/Equity | 0.77 |
Technical Indicators | |
|---|---|
| RSI (14d) | 64.9 |
| RSI (5d) | 90.96 |
| RSI (21d) | 77.18 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Sell |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of HPL Electric & Power's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the recent earnings conference call for Q3 and 9M FY2026, HPL Electric and Power Limited's management provided a positive outlook driven by a robust business strategy and strong growth in key segments. Mr. Gautam Seth, Joint Managing Director & CFO, highlighted that revenues grew approximately 21% year-on-year to about Rs.475 crores, with EBITDA increasing by about 29% to nearly Rs.72 crores.
A major forward-looking point shared by management indicated a significant order book for smart metering, currently over Rs.3,000 crores, providing multi-year visibility. The segment is expected to see substantial execution and delivery growth, with Q4 projected to be the strongest quarter of the fiscal year, backed by strong order inflows and improved execution capabilities from AMISPs.
The consumer and industrial business also demonstrated impressive growth, with switchgear up by 33% year-on-year in Q3 to roughly Rs.68 crores and wire and cables growing nearly 60%. Management noted an ambition to potentially double the consumer and industrial business over the next 3-4 years, aiming for it to represent 45% of the total revenue compared to smart metering at 55%.
Additionally, the launch of NRAM Plus smart water meters was highlighted as a strategic move to expand into a large new addressable market. Management anticipates initial revenue from this segment to begin in the second half of the coming fiscal year.
Overall, management expressed confidence in achieving growth targets, discussing a potential 20-25% growth in topline for FY27 compared to FY26, driven by both the smart metering and consumer and industrial segments.
1. Question from Sahil Patani: "So over the next 2-3 years, what is the steady breakup you see between these two verticals? Would it still be between 45% for consumer industrials, 55% smart meters or how do you see that?"
Answer: I foresee both verticals growing. Currently, I expect metering to remain at around 55%, while consumer-industrial might be about 45%, subject to market conditions. Historically, there's often been a 50/50 split, but given our strong metering growth potential in the next 3-4 years, this ratio seems reasonable.
2. Question from Sahil Patani: "What is the Total Addressable Market (TAM) for smart water meters and how much revenue do you foresee from this vertical in the next 2-3 years?"
Answer: We see a massive TAM in smart water meters, though exact figures are still to be thoroughly defined. While it's early to predict revenue, we expect contributions to begin in the second half of next year as we finalize trials and approvals, aligning with government initiatives.
3. Question from Viraj Mahadevia: "Are you seeing most of the industry challenges behind you and expect to see a more particular trend in smart metering deliveries over the next two to three years?"
Answer: Yes, I believe policy challenges are largely resolved. Current issues stem primarily from execution delays, but with improved skill sets being developed, execution is expected to increase significantly. I foresee robust growth in smart meter deliveries, particularly in Q4 of this fiscal year.
4. Question from Viraj Mahadevia: "Does that mean you expect around 5 to 6 cr smart meter executions per annum for the next 2-3 years?"
Answer: Yes, industry projections suggest around 5 cr meters per annum could be feasible, and with our 20% market share, that implies a steady increase in our sales, leading to a clear upward revenue trajectory for us.
5. Question from Rishab Hingre: "Are we strictly restricting ourselves to the low to medium voltage market; do we have plans to venture into higher segments?"
Answer: We're currently focused on the low voltage segment but we are actively evaluating opportunities in higher voltage segments, including EHV cables. It's a natural progression for our product range, and we aim to develop capabilities in this area over the next few years.
6. Question from Kunal Dubey: "In the last call you mentioned a pin code revenue target of around 1,900 crores. Is that number still on?"
Answer: While I can't confirm a specific number, the outlook aims at a stronger quarter this coming Q4. We're tracking well against our goals, and I am optimistic we will get close to that figure, barring unexpected delays from AMISPs.
7. Question from Chandresh Malpani: "Out of the 15 crore meters awarded, how many do you anticipate being passed on to OEMs?"
Answer: While estimates are rough, of the 15 crore meters, I believe about 4 to 5 crore orders are pending awards. This aligns with our capacity and prepares us for ongoing execution, showing strong potential for revenue growth as orders transition.
8. Question from Viraj Mahadevia: "Could we potentially look toward a 20% to 25% growth in top-line over FY27 from FY26?"
Answer: Yes, I find a 20% growth achievable, with potential for a 25% increase. Given our consumer segment's growth dynamics and strong metering orders, fiscal year 2027 appears poised for significant growth.
This summary outlines the major questions and succinct answers from the Q&A session of the earnings transcript. Each response provides a clear insight into the company's current outlook and strategies while keeping the character limits in mind.
Analysis of HPL Electric & Power's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Metering, Systems & Services | 60.7% | 287.5 Cr |
| Consumer, Industrial & Services | 39.3% | 186.4 Cr |
| Total | 473.9 Cr |
Understand HPL Electric & Power ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| HPL INDIA LIMITED | 27.33% |
| HPL ELECTRONICS PRIVATE LIMITED | 18.12% |
| LALIT SETH | 12.49% |
| HPL HOLDINGS PRIVATE LIMITED | 4.42% |
| GAUTAM SETH | 3.47% |
| RISHI SETH | 3.47% |
| PRAVEEN SETH | 3.32% |
| JESONS IMPEX PVT LTD | 0.04% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of HPL Electric & Power against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| POLYCAB | Polycab India | 1.37 LCr | 29.12 kCr | +19.50% | +57.60% | 50.92 | 4.7 | - | - |
| SIEMENS | Siemens | 1.36 LCr | 18.09 kCr | +18.50% | +34.70% | 76.94 | 7.53 | - | - |
| HAVELLS | Havells India | 78.73 kCr | 23.02 kCr | +0.70% | -18.40% | 46.56 | 3.42 | - | - |
| CROMPTON | Crompton Greaves Consumer Electricals | 16.87 kCr | 7.94 kCr | +19.20% | -10.00% | 40.91 | 2.13 | - | - |
| BAJAJELEC | Bajaj Electricals | 4.68 kCr | 4.56 kCr | +12.80% | -24.80% | 130.95 | 1.03 | - | - |
Comprehensive comparison against sector averages
HPL metrics compared to Consumer
| Category | HPL | Consumer |
|---|---|---|
| PE | 25.64 | 42.47 |
| PS | 1.39 | 2.03 |
| Growth | 9.4 % | 17.6 % |
HPL Electric & Power Limited manufactures and sells electric equipment under the HPL brand in India. 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, smart, prepaid, and group metering solutions; and data acquisition and billing solutions. 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; ceiling, portable, ventilation, and farata fans; 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 institutional, commercial, and residential customers; power utilities; and government agencies 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 Sonipat, India.
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HPL vs Consumer (2021 - 2026)