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HPL Electric & Power Ltd share Price Today

Company details

6M Return 119.11%
1Y Return 107.77%
Mkt Cap.(Cr) 1,315.90
Volume 236,313
Div Yield 0.49%
OI Chg %
Volume 236,313

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Heavy electrical equipment company HPL Electric & Power announced Q1FY24 results:

  • Revenue from operations for Q1FY24 stood at Rs 320.74 crore, indicating a healthy YoY growth of 8.51% compared to Rs 295.59 crore in Q1FY23.
  • In the metering & systems segment, revenue grew by 20% YoY to Rs 176 crore in Q1FY24 from Rs 147 crore in Q1FY23.
  • EBITDA for Q1FY24 reached Rs 40.04 crore, reflecting a commendable growth of 6.36% from Rs 37.64 crore in Q1FY23.
  • PAT for Q1FY24 amounted to Rs 6.94 crore, demonstrating growth of 9.79% from Rs 6.32 crore in Q1FY23.
  • Gross profit for Q1FY24 stood at Rs 106.05 crore, showcasing an upswing of 6.90% from Rs 99.20 crore in Q1FY23.
  • Order book of over Rs 2,000 crore.

Gautam Seth, Joint Managing Director & CFO, of HPL Electric & Power shared, "India's shift towards smart metering and the emerging opportunities in the 5G era create an exciting horizon for HPL. Our Q1FY24 performance is a testament to our commitment to innovation, quality, and customer satisfaction. The Profit After Tax (PAT) has shown significant growth of 9.79% YoY, reflecting our ability to convert operational performance into increased bottom-line profits.

Notably, we are pleased to have acquired a prestigious order valued at Rs 416.84 crore for the deployment of an Advanced Metering Infrastructure (AMI) project that marks our entry into AMISP contracts. This project is supported by the World Bank, in collaboration with West Bengal State Electricity Distribution Company Limited (WBSEDCL). With a strong foundation in electric equipment manufacturing, our growth in the wire and cable segment is also equally promising. As the nation's reliance on electricity and connectivity continues to rise, the demand for high-quality wire and cable products is anticipated to grow steadily.

Moving forward, as we contribute to India's energy transformation, we remain focused on cutting-edge innovation, enhanced operational efficiency, and delivering sustainable growth to our stakeholders."


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Operating Profit
Profit after Tax
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Operating Profit
Profit after Tax

HPL Electric & Power Ltd Stocks COMPARISION


Equity Capital: 812.77 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,413.18 20,968.74
LAST 3M 54,802.13 -2,935.09
LAST 6M 94,405.09 78,325.41
LAST 12M 161,403.38 118,397.78

HPL Electric & Power Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • HPL Electric & Power Limited is a well-established player in the electric equipment industry. The company offers a comprehensive product portfolio spread across four verticals - metering, switchgear, lighting, and wires & cables, catering to the industrial, commercial and household demand for electrical equipment. Enjoying a leadership position in energy meters and in on-load changeover switchgear, HPL holds 20% and 50% market share respectively in these segments. Over the years, HPL has emerged as the 5th largest manufacturer in the LED lighting sector in India. The company has a strong distribution network of over 27,000 retailers and over 2,000 dealers and distributors spread across the country. The company has seven manufacturing units, equipped with state-of-the-art machineries, spread across the two states of Haryana and Himachal Pradesh. Approved by the Department of Scientific & Industrial Research and Ministry of Science & Technology, the company also has two state-of-the-art Research and Development (R&D) centres located at Kundli and Gurgaon. During the financial year ended 31 March 2017, HPL Electric & Power`s investment in the Debentures subscribed in Himachal Energy Private Limited was converted into equity shares. Post conversion of 1,50,00,000 debentures held by the company in Himachal Energy Private Limited, the company now hold 97.15% of the total equity share capital of Himachal Energy Private Limited. Accordingly, Himachal Energy Private Limited became subsidiary of the company on May 9, 2016. Himachal Energy Private Limited is engaged in the business of manufacturing of energy meters, kilowatt meters, trivector and multifunction meters and other related activities. In September 2016, HPL Electric & Power came out with public issue of Rs 361 crore, which got over whelming response, resulting in over subscription of around 9 times. The company`s shares got listed on the trading terminals of the National Stock Exchange of India Limited and the BSE Limited with effect from October 4, 2016. For the financial year ended 31 March 2017, HPL Electric & Power`s business in all sectors was very challenging due to demonitisation & fewer tenders of meters from Electricity Boards during the year, resulting in reduced sales volume as well as profitability of company. During the year, the company added a new product namely Automatic Transfer Switch in its bucket of Switchgear products. The product is user friendly from application point of view & easy to service. HPL Electric & Power`s overall order book rose 43% on YoY basis to Rs 531 crore as on 31 March 2018, led by 67% growth in metering orders. The company witnessed an improved financial performance in Q4 March 2018 driven by growth across all business segments. It has noted a very positive business trend marked by stronger H2 FY 2018 compared to H1 FY2018. During the financial year ended 31 March 2018, the company developed two new products, viz. Automatic Transfer Switch (40~125A) & Double Break type MCCB (up to 250A). ATS (40~125A) was successfully developed and commercialized too during the FY 2017-18.

Registered Address

1/20 Asaf Ali Road, , New Delhi, New Delhi, 110002

Tel : 91-11-23234411
Email : hplcs:hplindia.com
Website : http://www.hplindia.com

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540136
NSE Code : HPL
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE495S01016

FAQ’s on HPL Electric & Power Ltd Shares

You can buy HPL Electric & Power Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy HPL Electric & Power Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 01, 2023 03:59 PM the closing price of HPL Electric & Power Ltd was ₹ 204.65.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 01, 2023 03:59 PM, the market cap of HPL Electric & Power Ltd stood at ₹ 1,315.90.

The latest PE ratio of HPL Electric & Power Ltd as of Dec 01, 2023 03:59 PM is 37.03

The latest PB ratio of HPL Electric & Power Ltd as of Dec 01, 2023 03:59 PM is 0.62

The 52-week high of HPL Electric & Power Ltd is ₹ 269.40 while the 52-week low is ₹ 75.15

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