HPL Electric & Power Ltd

HPL Electric Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

HPL Electric & Power Ltd

₹ 482 0.12%
22 Nov - close price
hplindia.com BSE: 540136 NSE: HPL
About

HPL Electric & Power Limited is a leading electrical equipment manufacturer in India operating for the past 40 years. The Company has significant presence across five key product verticals of electric equipment – metering solutions, modular switches, switchgears, LED lighting and wires
and cables. It caters to a wide spectrum of customer segments, such as power utilities, government agencies, and retail and institutional customers, with a strong brand recall as a trusted electrical brand. [1]

It exports its finest engineering goods to more than 42 countries in regions of Asia, Africa, Europe, UK and Indian Sub-continent through the overseas logistic partners. [2]

Key Points

Market Share
The company is the largest manufacturer of on-load change-over switches with a 50% market share in India. It also has a market share of 20% in the domestic electric meters market and a 5% market share in the Low-voltage Switchgear Market. It is the 5th largest LED manufacturer in India. [1]

Website BSE NSE
  • Market Cap ₹ 3,099 Cr.
  • Current Price ₹ 482
  • High / Low ₹ 694 / 199
  • Stock P/E 50.8
  • Book Value ₹ 133
  • Dividend Yield 0.21 %
  • ROCE 10.9 %
  • ROE 5.21 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 17.4%

Cons

  • Stock is trading at 3.63 times its book value
  • Company has a low return on equity of 3.29% over last 3 years.
  • Company has high debtors of 167 days.

* 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: Capital Goods - Electrical Equipment Industry: Electric Equipment

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
279 273 324 285 291 287 352 312 338 358 413 390 401
246 240 283 250 256 253 310 275 294 310 361 336 346
Operating Profit 33 33 41 35 35 34 42 37 44 47 53 54 56
OPM % 12% 12% 13% 12% 12% 12% 12% 12% 13% 13% 13% 14% 14%
1 1 0 1 1 0 1 1 1 0 2 1 1
Interest 16 16 16 16 17 18 19 20 21 21 23 23 20
Depreciation 11 11 11 11 9 7 8 8 8 8 11 9 10
Profit before tax 7 7 14 9 9 9 17 10 16 18 21 23 26
Tax % -2% -2% 11% 35% 35% 35% 35% 35% 35% 37% 36% 26% 25%
7 7 13 6 6 6 11 6 10 12 13 17 19
EPS in Rs 1.12 1.13 1.97 0.87 0.91 0.87 1.66 1.01 1.56 1.79 2.05 2.61 3.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
903 1,007 1,045 1,115 927 1,000 1,103 925 850 1,004 1,215 1,421 1,562
793 902 920 974 819 903 985 814 741 889 1,069 1,239 1,353
Operating Profit 111 105 125 142 108 97 117 111 109 116 145 182 209
OPM % 12% 10% 12% 13% 12% 10% 11% 12% 13% 12% 12% 13% 13%
4 5 5 5 4 4 4 3 3 3 3 3 3
Interest 62 59 70 78 62 46 53 56 60 64 71 85 87
Depreciation 11 13 16 19 23 21 30 35 42 44 35 35 38
Profit before tax 42 38 44 49 27 33 39 23 11 11 43 64 88
Tax % 25% 24% 21% 24% 24% 31% 32% 28% 26% 34% 35% 36%
31 29 34 37 20 23 26 17 8 7 28 41 61
EPS in Rs 16.91 15.50 18.54 7.98 3.13 3.55 4.10 2.60 1.24 1.11 4.32 6.42 9.48
Dividend Payout % 1% 1% 1% 1% 48% 28% 5% 6% 12% 14% 23% 16%
Compounded Sales Growth
10 Years: 4%
5 Years: 5%
3 Years: 19%
TTM: 21%
Compounded Profit Growth
10 Years: 4%
5 Years: 10%
3 Years: 74%
TTM: 86%
Stock Price CAGR
10 Years: %
5 Years: 63%
3 Years: 98%
1 Year: 129%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 3%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 19 19 19 46 64 64 64 64 64 64 64 64 64
Reserves 264 292 300 309 639 650 668 683 691 696 723 756 791
367 424 514 579 330 437 481 543 540 553 559 585 616
258 250 307 404 350 317 251 220 237 256 283 405 441
Total Liabilities 907 985 1,141 1,339 1,382 1,468 1,464 1,510 1,532 1,570 1,629 1,809 1,912
213 277 307 350 371 392 412 451 422 404 406 418 443
CWIP 53 29 0 3 0 0 7 3 1 8 7 7 17
Investments 15 15 15 54 54 54 54 54 54 54 54 54 54
626 664 819 932 957 1,022 992 1,002 1,056 1,104 1,161 1,330 1,398
Total Assets 907 985 1,141 1,339 1,382 1,468 1,464 1,510 1,532 1,570 1,629 1,809 1,912

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
63 45 27 112 -8 9 60 53 73 94 94 93
-33 -49 -39 -92 -47 -52 -47 -58 -4 -37 -36 -37
-24 -2 20 -16 56 44 -17 4 -63 -55 -65 -67
Net Cash Flow 5 -6 8 4 1 1 -4 -1 5 1 -7 -11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 108 119 140 166 185 163 150 174 212 167 164 167
Inventory Days 148 129 156 148 202 215 198 264 286 269 208 215
Days Payable 117 98 124 164 150 150 103 102 121 117 94 112
Cash Conversion Cycle 139 149 172 150 237 228 244 336 377 318 278 270
Working Capital Days 135 140 160 154 212 221 218 279 310 280 249 233
ROCE % 17% 14% 14% 14% 9% 7% 8% 6% 5% 6% 9% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66%
0.08% 0.01% 0.00% 0.06% 0.43% 0.02% 0.43% 0.00% 0.00% 0.24% 0.74% 0.51%
1.26% 1.26% 1.26% 1.26% 0.82% 0.31% 0.24% 0.23% 0.23% 0.32% 0.23% 0.23%
26.00% 26.07% 26.08% 26.03% 26.09% 27.02% 26.68% 27.12% 27.12% 26.78% 26.38% 26.59%
No. of Shareholders 66,12767,24866,98965,87266,12465,65664,21573,57578,5111,15,8261,25,0851,42,907

* 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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