HBL Power Systems Ltd

₹ 538 -1.78%

21 Nov - close price

About

Incorporated in 1983, HBL Power System Ltd manufactures and services different types of batteries, e-mobility, and other products^[1]

Key Points

Market Position
The company ranks ** 2nd globally in the industrial nickel batteries segment and 3rd** in India's VRLA lead batteries segment. It is also the only manufacturer of PLT lead batteries in the country. ^[1]

Website BSE NSE

Market Cap ₹ 14,940 Cr.
Current Price ₹ 538
High / Low ₹ 724 / 330
Stock P/E 43.2
Book Value ₹ 49.5
Dividend Yield 0.09 %
ROCE 35.9 %
ROE 27.7 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 66.1% CAGR over last 5 years
Company's working capital requirements have reduced from 115 days to 82.8 days

Cons

Stock is trading at 10.9 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

Part of BSE 250 SmallCap Index Nifty Smallcap 250 Nifty Smallcap 100 BSE Allcap BSE Consumer Discretionary Nifty Total Market BSE SmallCap Nifty 500 Nifty MidSmallcap 400 BSE 500 Nifty 500 Multicap 50:25:25 BSE 400 MidSmallCap Index

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	283	349	374	320	314	332	403	467	557	599	610	520	521
	258	303	321	285	281	294	358	390	456	486	479	410	412
Operating Profit	25	45	53	35	33	38	45	78	101	113	131	110	109
OPM %	9%	13%	14%	11%	11%	12%	11%	17%	18%	19%	22%	21%	21%
	2	2	3	3	6	6	4	3	3	2	-19	5	12
Interest	1	2	2	1	1	2	3	2	3	3	4	2	3
Depreciation	9	9	8	8	8	9	10	10	10	11	11	11	11
Profit before tax	17	37	46	29	30	33	36	69	91	102	98	103	107
Tax %	10%	32%	29%	31%	35%	32%	3%	25%	26%	23%	33%	26%	29%
	15	25	33	20	20	24	35	52	68	79	81	80	87
EPS in Rs	0.54	0.90	1.21	0.72	0.72	0.86	1.26	1.87	2.48	2.85	2.94	2.89	3.15
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	1,709	1,304	1,349	1,299	1,414	1,603	1,266	1,092	912	1,236	1,369	2,233	2,250
	1,487	1,208	1,210	1,164	1,286	1,477	1,169	1,011	845	1,097	1,217	1,810	1,787
Operating Profit	222	95	139	134	129	126	97	81	67	139	151	423	464
OPM %	13%	7%	10%	10%	9%	8%	8%	7%	7%	11%	11%	19%	21%
	23	66	9	12	21	16	21	22	6	26	20	8	2
Interest	126	76	71	68	46	41	31	22	15	7	7	13	12
Depreciation	64	39	53	51	48	46	44	41	39	35	35	41	44
Profit before tax	55	46	24	27	54	55	43	40	19	122	130	377	409
Tax %	33%	16%	43%	45%	29%	42%	35%	35%	29%	23%	24%	26%
	38	39	14	15	38	32	28	26	14	94	98	280	327
EPS in Rs	0.93	1.57	0.56	0.59	1.53	1.14	1.00	0.95	0.50	3.39	3.56	10.13	11.83
Dividend Payout %	16%	13%	36%	42%	18%	22%	30%	32%	71%	12%	13%	5%

Compounded Sales Growth
10 Years:	6%
5 Years:	12%
3 Years:	35%
TTM:	28%

Compounded Profit Growth
10 Years:	36%
5 Years:	66%
3 Years:	160%
TTM:	93%

Stock Price CAGR
10 Years:	35%
5 Years:	103%
3 Years:	118%
1 Year:	57%

Return on Equity
10 Years:	9%
5 Years:	12%
3 Years:	17%
Last Year:	28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	25	25	25	25	28	28	28	28	28	28	28	28	28
Reserves	519	536	539	584	701	724	739	745	754	838	924	1,193	1,345
	879	734	686	549	479	366	232	161	70	63	86	67	63
	700	459	311	277	258	224	162	169	184	204	257	366	406
Total Liabilities	2,123	1,755	1,562	1,435	1,467	1,342	1,161	1,103	1,036	1,133	1,294	1,654	1,842
	847	495	456	415	417	363	321	304	279	265	320	354	362
CWIP	72	56	49	48	33	26	37	27	43	81	50	20	31
Investments	30	1	2	8	8	5	5	6	7	8	9	108	120
	1,174	1,202	1,054	964	1,008	947	797	766	707	779	915	1,171	1,329
Total Assets	2,123	1,755	1,562	1,435	1,467	1,342	1,161	1,103	1,036	1,133	1,294	1,654	1,842

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	35	-36	79	158	43	159	167	149	121	62	122	273
	-35	156	-13	-10	60	-8	1	-6	-32	-17	-50	-139
	2	-115	-66	-153	-114	-150	-163	-114	-104	-22	10	-42
Net Cash Flow	1	5	-0	-5	-11	1	5	29	-14	23	82	91

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	114	122	106	120	122	103	105	102	102	86	83	62
Inventory Days	188	276	226	185	168	126	145	162	188	149	147	137
Days Payable	106	134	81	77	68	43	34	41	44	42	43	41
Cash Conversion Cycle	196	265	252	228	222	186	216	222	246	193	188	158
Working Capital Days	117	172	173	172	177	150	164	168	169	133	128	83
ROCE %	12%	5%	8%	8%	8%	9%	6%	6%	4%	13%	14%	36%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	58.95%	58.97%	58.97%	58.97%	59.02%	59.08%	59.10%	59.11%	59.11%	59.11%	59.11%	59.10%
	11.25%	9.15%	4.79%	1.55%	1.77%	0.91%	2.63%	2.23%	2.66%	4.59%	4.66%	4.91%
	9.32%	9.33%	9.32%	3.59%	0.00%	0.00%	0.14%	0.08%	0.41%	0.66%	1.07%	0.96%
	20.48%	22.55%	26.92%	35.88%	39.21%	40.00%	38.14%	38.58%	37.82%	35.65%	35.17%	35.03%
No. of Shareholders	1,18,833	1,41,740	1,51,017	1,67,040	1,76,536	1,71,714	1,79,444	2,21,392	2,42,385	2,87,032	3,32,912	3,68,688

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	74.24%	56.35%	56.46%	57.85%	58.51%	58.97%	59.08%	59.11%	59.10%
	0.04%	10.74%	11.05%	11.05%	10.67%	9.15%	0.91%	4.59%	4.91%
	8.66%	13.28%	12.53%	11.29%	9.75%	9.33%	0.00%	0.66%	0.96%
	17.06%	19.63%	19.95%	19.81%	21.07%	22.55%	40.00%	35.65%	35.03%
No. of Shareholders	27,069	46,205	46,049	44,544	77,508	1,41,740	1,71,714	2,87,032	3,68,688

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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HBL Power Systems Ltd

HBL Power Systems Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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