HBL ENGINEERING LIMITED
₹799.60-₹15.65 (-1.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹23,438 Cr
- P/E
- 35.8x
- EV / EBITDA
- 57.2x
- Revenue
- ₹1,946 Cr
- Net margin
- 12.0%
- ROCE
- 33.2%
Price chart
Technical chartScreen technicals →-20.3% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +0.7%
- 3M
- +14.2%
- 6M
- +0.1%
- 1Y
- -20.3%
- 5Y
- +1,448.1%
52-week range
Day change -₹15.65 (-1.9%) from ₹815 to ₹800 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in HBLENGINE, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 15.5%
Concerns1
- Negative free cash flow (₹83 Cr)
Rule-based from financial data. Not advice.
About the company
HBL Engineering Limited manufactures and sells batteries and other products in India and internationally. It operates through Industrial batteries, Defense and Aviation batteries, and Electronics segments. The company offers lead acid batteries, nickel-cadmium batteries, silver zinc batteries, defence, and lithium batteries.
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HBL Engineering Limited manufactures and sells batteries and other products in India and internationally. It operates through Industrial batteries, Defense and Aviation batteries, and Electronics segments. The company offers lead acid batteries, nickel-cadmium batteries, silver zinc batteries, defence, and lithium batteries. It also provides rail signaling electronics, electronic fuzes for ammunition, train collision avoidance systems, train management system, and electric drive trains. The company serves system integrators, EPC's, railway, aviation, and defense companies, as well as government sector. The company was formerly HBL Power Systems Limited and changed its name to HBL Engineering Limited in November 2024. The company was founded in 1977 and is headquartered in Hyderabad, India. HBL Engineering Limited is a subsidiary of Aluru Family Private Trust.
- Sector
- Industrials
- Shares outstanding
- 27.7 Cr shares
- ISIN
- INE292B01021
- BSE code
- 517271
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹23,438 Cr
- P/E
- 35.8x
- P/B
- 12.0x
- EV / EBITDA
- 57.2x
- EV / Sales
- 10.5x
- P/S
- 10.6x
- Earnings yield
- 2.8%
- 52-week high
- ₹1,099.50
- 52-week low
- ₹614.75
Profitability
- Operating margin
- 19.0%
- Net margin
- 12.0%
- EBITDA margin
- 18.4%
- ROE
- 21.9%
- ROCE
- 33.2%
- ROA
- 16.3%
- Dividend payout
- 5.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- -3.4%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,946 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -11.9%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹407 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 143.7%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 61.5%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹285 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 133.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹108 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 25.6%
Solvency and efficiency
- Current ratio
- 3.47
- Debt / Equity
- 0.05
- Debt / Assets
- 0.03
- Debt / EBITDA
- 0.14
- Interest coverage
- 34.92
- Financial leverage
- 1.35
- CFO / Net profit
- 1.08
- Cash / Market cap
- 5.0%
- Cash per share
- ₹42.12
- Asset turnover
- 1.36
- Fixed asset turnover
- 6.40
- Capital intensity
- 0.16
- Debtor days
- 59 days
- Inventory turnover
- 2.66
- Cash conversion cycle
- 155 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹14 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,555 Cr |
| Sales | Operating profit | ₹391 Cr |
| Operating profit | Interest | ₹12 Cr |
| Operating profit | Depreciation | ₹42 Cr |
| Operating profit | Profit before tax | ₹337 Cr |
| Other income | Profit before tax | ₹25 Cr |
| Profit before tax | Tax and other | ₹94 Cr |
| Profit before tax | Net profit | ₹268 Cr |
Revenue and net profit
Revenue fell 11.9% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹909 Cr | ₹15 Cr |
| FY2022 | ₹1,222 Cr | ₹89 Cr |
| FY2023 | ₹1,350 Cr | ₹96 Cr |
| FY2024 | ₹2,209 Cr | ₹264 Cr |
| FY2025 | ₹1,946 Cr | ₹268 Cr |
Cash flows
FY2025: ₹227 Cr from operations, -₹83.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹113 Cr | ₹89 Cr |
| FY2022 | ₹61 Cr | ₹44 Cr |
| FY2023 | ₹122 Cr | ₹74 Cr |
| FY2024 | ₹285 Cr | ₹139 Cr |
| FY2025 | ₹227 Cr | -₹83 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,946 Cr-11.9%1Y
- Net profit
- ₹268 Cr+1.5%1Y
- Cash from operations
- ₹227 Cr
- Free cash flow
- -₹83 Cr-159.7%1Y
- Revenue CAGR, 5Y
- 15.5%
- EBITDA CAGR, 5Y
- 32.7%
- Net profit CAGR, 5Y
- 61.5%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,946 Cr | ₹391 Cr | — | ₹268 Cr | ₹227 Cr | -₹83 Cr | 18.4% | -11.9% | +1.5% |
Monthly returns
Month-by-month returns of HBLENGINE across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,937 Cr |
| Equity capital | ₹28 Cr |
| Reserves | ₹1,431 Cr |
| Borrowings | ₹63 Cr |
| Other liabilities | ₹417 Cr |
| Assets | ₹1,937 Cr |
| Fixed assets | ₹384 Cr |
| Capital work in progress | ₹68 Cr |
| Investments | ₹266 Cr |
| Other assets | ₹1,220 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
HBLENGINE trades at 35.8x earnings against a peer median of 38.3x.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| HBL ENGINEERING LIMITEDHBLENGINEthis company | ₹23,438 Cr | 35.8x | 12.0x | 21.9% | 57.2x |
| PTC Industries Ltd.PTCIL | ₹27,033 Cr | 684.0x | 20.1x | 3.9% | 430.2x |
| KAYNES TECHNOLOGY INDIA LIMITEDKAYNES | ₹24,763 Cr | 115.0x | 5.7x | 5.2% | 103.5x |
| IRB Infrastructure Developers LimitedIRB | ₹24,693 Cr | 27.4x | 1.6x | 8.0% | 20.1x |
| Timken India LtdTIMKEN | ₹22,941 Cr | 50.4x | 8.3x | 16.2% | 36.9x |
| Firstsource Solutions Ltd.FSL | ₹22,755 Cr | 53.1x | 8.7x | 13.3% | 46.6x |
| eClerx Services LimitedECLERX | ₹21,910 Cr | 55.5x | 15.0x | 23.6% | 38.9x |
| Redington LimitedREDINGTON | ₹21,342 Cr | 15.2x | 4.5x | 29.8% | 13.7x |
| Jyoti CNC Automation LimitedJYOTICNC | ₹21,278 Cr | 60.7x | 9.6x | 8.0% | 75.1x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
HBLENGINE since 1 January, against earlier years.
Historical volatility
HBLENGINE's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 8.0% |
| FY2022 | 11.0% |
| FY2023 | 11.0% |
| FY2024 | 19.0% |
| FY2025 | 20.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,946 Cr |
| Costs | |
| Interest | ₹12 Cr |
| Expenses | ₹1,555 Cr |
| Operating profitOperating Profit | ₹391 Cr |
| Other income and charges | |
| Profit before tax | ₹362 Cr |
| Tax | |
| Net profitNet Profit | ₹268 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,937 Cr |
| Equity capitalEquity Capital | ₹28 Cr |
| Reserves | ₹1,431 Cr |
| Borrowings | ₹63 Cr |
| Other liabilitiesOther Liabilities | ₹417 Cr |
| AssetsTotal Assets | ₹1,937 Cr |
| Fixed assetsFixed Assets | ₹384 Cr |
| Capital work in progressCWIP | ₹68 Cr |
| Investments | ₹266 Cr |
| Other assetsOther Assets | ₹1,220 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹227 Cr |
| Investing cash flowCash from Investing Activity | -₹310 Cr |
| Financing cash flowCash from Financing Activity | -₹25 Cr |
| Change in cashNet Cash Flow | -₹108 Cr |
Learn while you research
Academy chapters picked for HBL ENGINEERING LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 35.8, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read