HPLIndustrials

HPL Electric & Power Limited

Industrial Products · ISIN INE495S01016 · BSE 540136 · NSE EQ · FV ₹10
Last price
₹280
+0.86%today
What this company does

HPL Electric & Power Limited operates in Industrial Products, part of the Industrials sector. It booked ₹515 cr of revenue in its latest quarter (Q1 FY27) and kept 3.6% of sales as profit.

Their stated mission

is to empower the world with innovative and sustainable electrical solutions.

In the report:
51out of 100
Equitytale Health Score
Mixed

Healthier than 51% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 51–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
25

At close. Not part of the score.

Profitability & returns47

How much profit it earns on the money it employs

Balance sheet23

How much it owes, and whether earnings cover the interest

Cash quality92

Whether reported profit actually arrives as cash

Growth & consistency81

Whether sales and profit have grown, and how steadily

Valuation0

What today's price implies, against our models or its peers · lowest in its sector on what we could measure

Governance & risk91

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 35% vs last year
Promoters hold 73%
Turns profit into real cash
Watch-outs
! Thin 3.6% net margin
! 2.4% of promoter stake pledged
! Low 7.5% return on equity

What if I invest in HPL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹280 +0.86%
latest close · 2026-09-17
1-year return
+317.9%
52-wk low ₹5152-wk high ₹353
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio24.2Average
LowAverageHigh
P/B ratio1.80Moderate
Below bookModerateHigh
EV / EBITDA9.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.5%Weak
WeakFairStrong ▸15%
Return on capital16.6%Strong
WeakFairStrong
Net margin3.6%Thin
ThinDecentStrong
EBITDA margin12.7%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.75Moderate
LowModerateHigh ▸1
Interest cover2.1×Okay
RiskyOkayStrong ▸5×
Current ratio1.36Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,803 cr
Book value
₹156
EPS
₹2.90
latest quarter
Net debt
₹717 cr
owes more than its cash
Enterprise value
₹2,520 cr
EBITDA
₹261 cr
annualised
EBIT
₹189 cr
annualised
Operating margin
9.2%
Return on assets
3.1%
Earnings yield
4.14%
P/S
0.87
Sales / share
₹320.5
Tax rate
25.7%
Face value
₹10
Shares
6.4 cr
Working capital
₹451 cr
Current assets
₹1,713 cr
Current liabilities
₹1,262 cr
Delivery %
49.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹115 vs market price ₹280 — price is 144% above it
Safety cushion-144.2%(target ≥ +20%)
Models span ₹65₹164, midpoint ₹115
Model ₹115
Price ₹280
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹515 cr
Other Income₹2 cr
Total Income₹517 cr
Cost of Materials₹391 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-32 cr
Employee Benefit Expense₹58 cr
Finance Costs₹22 cr
Depreciation & Amortisation₹18 cr
Other Expenses₹35 cr
Total Expenses₹492 cr
Profit before Tax₹25 cr
Tax Expense₹6 cr
Net Profit₹19 cr
Net margin on total income3.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹359 cr69.4%
Employee benefit expense₹58 cr11.2%
Finance costs₹22 cr4.3%
Depreciation & amortisation₹18 cr3.5%
Other expenses₹35 cr6.7%
Tax expense₹6 cr1.3%
Profit for the period₹19 cr3.6%
Total income ₹517 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue474 cr520 cr515 cr
Total income475 cr522 cr517 cr
Expenses443 cr480 cr492 cr
Profit before tax26 cr42 cr25 cr
Tax7 cr11 cr6 cr
Net profit (owners' share)19 cr31 cr19 cr
Net margin (owners' share, on revenue)4.1%5.9%3.6%
EPS (₹)3.024.802.90
YoY (latest quarter): total income +34.7% · net profit +1.3%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹2,398 cr
Shareholder equity
₹1,000 cr
parent shareholders
Total debt
₹750 cr
Cash
₹33 cr
Cash flow · H1 FY26
Operating
₹115 cr
Investing
₹-162 cr
Financing
₹57 cr
Peer comparison
Industrial Products · by market value
CompanyPriceMarket capP/E
INDO-MIM Limited₹993₹48,086 cr50.1
Aditya Infotech Limited₹3,378₹39,814 cr70.0
Syrma SGS Technology Limited₹1,618₹31,158 cr77.9
Honeywell Automation India Limited₹33,915₹29,845 cr49.7
Kaynes Technology India Limited₹3,520₹23,596 cr104.5
Jyoti CNC Automation Limited₹981₹22,305 cr97.7
LMW Limited₹18,170₹19,406 cr87.4
Tega Industries Limited₹1,920₹14,425 cr
LLOYDS ENGINEERING WORKS LIMITED₹80₹11,801 cr42.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.71%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹1
ex 17 Sep 2026
ActionDetailEx-date
Dividend₹1 / share17 Sep 2026
Dividend₹1 / share22 Sep 2025
Dividend₹1 / share23 Sep 2024
Dividend₹1 / share22 Sep 2023
Dividend₹0.15 / share22 Sep 2022
Dividend₹0.15 / share22 Sep 2021
Who owns it · 2026-06-30
2.4% pledged
Promoter
72.7%
FII / Foreign
0.8%
DII / Domestic
0.1%
Retail / others
26.5%
Smart-money activity
Insider trades
BoughtLALIT SETH · Promoters2.06 L · ₹88.4 L21 Dec 20
BoughtLALIT SETH · Promoters15,000 · ₹8.5 L29 Mar 19
BoughtLALIT SETH · Promoters20,000 · ₹9.7 L25 Feb 19
Bulk / block deals
SoldQE SECURITIES LLP · NSE4.07 L @ ₹641.9512 Jul 24
BoughtQE SECURITIES LLP · NSE4.03 L @ ₹640.4812 Jul 24
BoughtHRTI PRIVATE LIMITED · NSE4.09 L @ ₹636.0612 Jul 24
Stake changes
DisposalEQ India Fund→ 0.91%7 Dec 22
SoldEquity Intelligence India Pvt Ltd→ 2.97% · 1.83 L20 Jan 21
BoughtLalit Seth · promoter→ 12.49% · 2.06 L21 Dec 20
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Financial Statements including the Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
2.63 L votes for, 73 against · 0% of mutual funds and other big investors said no
2
To declare Final Dividend of Rs. 1.00 per equity share of face value of Rs. 10/- each for the Financial Year ended 31st March, 2025
Backed by 99% of shareholders other than promotersneeded 50%
2.64 L votes for, 2,223 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Gautam Seth (DIN:00203405), who retires by rotation and being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 79% of shareholders other than promotersneeded 50%
2.10 L votes for, 55,838 against · 66% of mutual funds and other big investors said no
4
Ratification of Remuneration of the Cost Auditors
Backed by 99% of shareholders other than promotersneeded 50%
2.64 L votes for, 2,225 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 8 named members
owning 72.7% between them · as of 2026-06-30
HPL INDIA LIMITED27.33%
HPL ELECTRONICS PRIVATE LIMITED18.12%
LALIT SETH12.49%
HPL HOLDINGS PRIVATE LIMITED4.42%
GAUTAM SETH3.47%
RISHI SETH3.47%
PRAVEEN SETH3.32%
JESONS IMPEX PVT LTD0.04%
Business done with them
FY2025 · 1 of the group
The company paid ₹5 cr to companies in the promoter group last year — about 0.3% of its ₹1,700 cr revenue.
HPL INDIA LIMITED
Paid them for services · Sales / Purchase Services
also owns 27.33% of the company
₹5 cr
company paid

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.