What is HBL Engineering Ltd (HBLENGINE) share price return in the past 10 years?

HBL Engineering Ltd share price has appreciated 37.8% annually (CAGR) over the past ten years.

What is the share price of HBL Engineering Ltd (HBLENGINE)?

Company share prices are keep on changing according to the market conditions. The current trading price of HBL Engineering Ltd (HBLENGINE) on 04-Jun-2026 16:59:59 at 16:59 is 795.95.

What is the P/E ratio of HBL Engineering?

The latest standalone P/E ratio of HBL Engineering as of 04-Jun-2026 is 27.69.

What is the P/B ratio of HBL Engineering Ltd (HBLENGINE)?

The latest standalone P/B ratio of HBL Engineering Ltd (HBLENGINE) as of 04-Jun-2026 is 10.16.

What is the 52-week high and low of HBL Engineering Ltd (HBLENGINE)?

The 52-week high of HBL Engineering Ltd (HBLENGINE) is Rs. 1121.95 and the 52-week low is Rs. 551.80.

HBL Engineering Ltd (HBLENGINE) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: HBL Engineering Ltd (HBLENGINE)
Brand: HBL Engineering

Key Metrics

Valuation Multiples

Market Cap

₹22,063 Cr.

Current Price

₹796

52-Week Low / High

₹552 / 1,122

TTM EPS

₹28.7

TTM Sales

₹3,252 Cr.

Book Value per Share

₹78.4

P/E Ratio

27.69

Lower than its 5-year historical median

Industry PE

24.5

Price to Book (P/B)

10.16

Higher than its 5-year historical median

Price to Sales (P/S)

6.79

Higher than its 5-year historical median

EV/EBITDA

18.58

Lower than its 5-year historical median

Dividend Yield

0.21%

Profitability Efficiency

Return on Equity (ROE)

20.09%

Outperforms industry median

Return on Capital Employed (ROCE)

27.06%

Outperforms industry median

Return on Assets (ROA)

13.75%

Operating Profit Margin

20.1%

Net Profit Margin

13.75%

Gross Profit Margin

20.8%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

-11.88%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

-6.84%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

1.41%

Asset Quality

Promoter Holding

59.11%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹2,145 Cr.

Equity

₹27.7 Cr.

Face Value

₹1

All Time Low / High

₹0.26 / 1121.95

HBL Engineering stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is HBL Engineering Ltd a good quality company?

HBL Engineering Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does HBL Engineering Ltd performance compare with that of its Peers?

Q.1 Revenue growth of HBL Engineering Ltd vs industry peers?

HBL Engineering Ltd revenue CAGR is 12.56%, compared to the industry median CAGR of 5.68%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of HBL Engineering Ltd?

Promoters hold 59.11% of the HBL Engineering Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of HBL Engineering Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 37.2% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	7.3%	8.1%	7.9%	6.6%	6.1%	3.8%	14.2%	13.6%	32.1%	27.1%	-
Value Creation Index ⓘ	-0.5	-0.4	-0.4	-0.5	-0.6	-0.7	0.0	0.0	1.4	1.0	-
Growth Parameters ⓘ
Sales ⓘ	1,288	1,407	1,593	1,261	1,077	909	1,222	1,350	2,209	1,946	3,252
Sales YoY Gr.	-	9.2%	13.2%	-20.8%	-14.6%	-15.6%	34.4%	10.5%	63.6%	-11.9%	-
Adj EPS ⓘ	0.2	1	1	0.6	0.4	0.4	2.6	3.2	10.1	9.4	28.7
YoY Gr.	-	482.4%	-1%	-38.8%	-33.3%	-2.5%	566.7%	22.7%	215.7%	-6.3%	-
BVPS (₹) ⓘ	24.7	26.7	27.4	28	28.2	28.6	31.5	34.5	43.5	52.6	78.4
Adj Net Profit ⓘ	4.2	27.3	27.1	16.6	11.2	10.8	72	88.4	279	262	797
Cash Flow from Ops. ⓘ	161	42.5	157	165	147	113	61	122	258	227	-
Debt/CF from Ops. ⓘ	3.4	11.2	2.3	1.4	1	0.5	0.8	0.6	0.2	0.2	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.7%	12.6%	16.8%	-11.9%
Adj EPS ⓘ	56.3%	88.2%	53.7%	-6.3%
BVPSⓘ	8.8%	13.3%	18.7%	21%
Share Price	37.8%	78.3%	87.4%	30.5%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	0.7	4	3.6	2.2	1.4	1.4	8.7	9.7	25.8	19.6	43.9
Op. Profit Mgn % ⓘ	10.5	9.2	7.9	7.6	7.3	7.5	11.1	10.9	19	20.1	33.9
Net Profit Mgn % ⓘ	0.3	1.9	1.7	1.3	1	1.2	5.9	6.6	12.6	13.4	24.5
Debt to Equity ⓘ	0.9	0.6	0.5	0.3	0.2	0.1	0.1	0.1	0	0	0
Working Cap Days ⓘ	262	238	223	256	262	278	206	211	156	220	110
Cash Conv. Cycle ⓘ	174	158	157	190	195	205	148	142	98	121	77

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,288	1,407	1,593	1,261	1,077	909	1,221	1,350	2,209	1,946
Operating Expenses ⓘ +	1,153	1,277	1,467	1,166	999	841	1,086	1,202	1,790	1,556
Manufacturing Costs	158	166	185	150	136	118	144	155	343	263
Material Costs	775	883	1,062	819	681	564	749	827	1,143	971
Employee Cost	98	93	91	81	84	77	90	99	129	149
Other Costs ⓘ	123	135	130	116	98	82	104	122	175	173
Operating Profit ⓘ	135	130	126	96	78	68	135	148	419	390
Operating Profit Margin (%)	10.5%	9.2%	7.9%	7.6%	7.3%	7.5%	11.1%	10.9%	18.9%	20.0%
Other Income ⓘ +	13	17	23	13	17	9	14	18	17	27
Exceptional Items ⓘ	-9	-3	-10	7	5	-5	11	1	-28	-1
Interest ⓘ	68	46	41	31	22	14	7	6	12	12
Depreciation ⓘ	50	48	46	44	40	38	35	34	39	42
Profit Before Tax ⓘ	20	50	52	40	38	19	118	126	355	362
Tax ⓘ	12	16	23	15	14	5	29	31	91	94
Profit After Tax	8	34	30	25	24	15	89	96	264	268
PAT Margin (%)	0.6%	2.4%	1.9%	2.0%	2.2%	1.6%	7.3%	7.1%	11.9%	13.8%
Adjusted EPS (₹)	0.3	1.2	1.1	0.9	0.9	0.5	3.2	3.5	9.5	9.7
Dividend Payout Ratio (%)	80.90%	20.50%	23.40%	33.10%	34.60%	66.50%	12.40%	13.10%	5.30%	10.40%

Valuation of HBL Engineering - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	624	739	761	777	783	793	872	956	1,205	1,458
Share Capital ⓘ	25	28	28	28	28	28	28	28	28	28
Reserves ⓘ	599	712	733	749	755	765	844	928	1,178	1,431
Debt +	520	456	343	215	140	57	47	66	35	30
Long Term Debt	104	26	5	6	0	10	28	38	16	0
Short Term Debt	415	430	338	209	140	47	19	28	19	30
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	164	165	124	76	76	67	86	97	129	179
Others Liabilities ⓘ	172	143	163	150	159	144	175	236	372	483
Total Liabilities ⓘ	1,479	1,504	1,390	1,219	1,158	1,061	1,180	1,354	1,741	2,151
Fixed Assets
Net Fixed Assets ⓘ +	415	416	363	320	301	277	263	317	345	384
Gross Block	756	799	778	748	744	712	691	750	804	878
Accumulated Depreciation	341	382	415	428	443	435	428	434	459	495
CWIP ⓘ	48	33	26	37	27	43	81	49	18	68
Investments ⓘ	15	8	3	3	3	3	5	8	93	266
Inventories	393	404	364	321	303	284	302	331	429	521
Trade Receivables	442	489	467	379	317	274	308	324	356	386
Cash Equivalents	31	23	19	31	74	67	103	144	232	137
Others Assets ⓘ	136	130	148	127	132	113	119	181	268	390
Total Assets ⓘ	1,479	1,504	1,390	1,219	1,158	1,061	1,180	1,354	1,741	2,151

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	161	42	157	165	147	113	61	122	285	227
PBT ⓘ	20	50	52	40	38	19	118	126	355	362
Adjustment ⓘ	100	88	74	58	45	48	26	42	109	54
Changes in Working Capital ⓘ	57	-88	57	84	78	46	-57	-10	-98	-92
Tax Paid ⓘ	-16	-8	-26	-18	-13	-1	-27	-36	-82	-96
Cash Flow From Investing Activity ⓘ +	-15	61	-6	2	-3	-24	-17	-48	-146	-310
Capex	-18	-38	-10	-1	-7	-29	-20	-51	-63	-118
Net Investments	-1	4	0	0	0	0	-2	-3	-88	-173
Others ⓘ	4	94	4	3	4	4	5	6	5	-19
Cash Flow From Financing Activity ⓘ +	-152	-114	-149	-163	-114	-103	-22	8	-47	-25
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-54	-10	-19	-1	-12	1	20	17	-15	-16
Interest Paid ⓘ	-43	-37	-28	-21	-13	-7	-2	-4	-8	-3
Dividend Paid ⓘ	-6	-8	-8	-8	-17	-3	-10	-11	-12	-14
Others ⓘ	-49	-59	-93	-133	-71	-94	-30	7	-12	8
Net Cash Flow ⓘ	-6	-11	3	4	30	-14	22	82	91	-108

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	1.29	4.97	3.95	3.27	3.09	1.85	10.74	10.45	24.41	20.09
ROCE (%)	7.26	8.07	7.93	6.62	6.14	3.81	14.15	13.58	32.14	27.06
Asset Turnover Ratio	0.91	1.03	1.12	0.97	0.91	0.82	1.09	1.07	1.43	1
PAT to CFO Conversion(x)	20.13	1.24	5.23	6.6	6.13	7.53	0.69	1.27	1.08	0.85
Working Capital Days
Receivable Days	111.20	111	107.30	122.40	118	118.70	86.90	85.30	56.10	69.60
Inventory Days	117.90	95.10	86.40	99.10	105.60	117.70	87.40	85.60	62.80	89
Payable Days	81.40	68	49.70	44.70	40.90	46.30	37.20	40.30	36	57.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

HBL Engineering Ltd FAQs

The current trading price of HBL Engineering on 04-Jun-2026 16:59 is ₹796.0.

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 03-Jun-2026 the market cap of HBL Engineering stood at ₹22,063.3 Cr

The latest P/E ratio of HBL Engineering as of 03-Jun-2026 is 27.69.

The latest P/B ratio of HBL Engineering as of 03-Jun-2026 is 10.16.

The 52-week high of HBL Engineering is ₹1,122 and the 52-week low is ₹551.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HBL Engineering is ₹3,252 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that HBL Engineering Ltd is a average quality company.

The key valuation ratios of HBL Engineering Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of HBL Engineering Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About HBL Engineering Ltd

HBL Power Systems is the pioneer in the design, development and manufacture of specialized batteries and DC systems in India. It has more than 30 years of experience in the field of specialized batteries and DC power systems.

The company is the result of a merger between Hyderabad Batteries (1977) and SABNIFE Power Systems (1986). The company has its headquarters in Hyderabad, India with factories and sales offices in various parts of the country. HBL also has offices, distributors and agents all over the globe to cater to its ever-growing export business.

HBL is committed to improving global competitiveness by sharing knowledge, drive for innovation, growth, and investments in internationally benchmarked technology and niche products.

The companyâ€™s aim is to organize India's engineering talent into a globally competitive business, whether in manufacturing or in services.

Product Range:

Batteries - Nickel Cadmium, Lead Acid, Lithium and Silver Zinc
Electronics - Railway Electronics, Defence Electronics and Thyristor control Rectifiers
Others - Anti Infra Red Coating

Divisions:

HBL Rail - HBLRAIL, a unit of HBL Power Systems Limited is associated with the Indian Railways for over 25 years and has been a regular and approved supplier of batteries, power systems and electronic signaling products. It is a one stop shop for all railway signaling needs, starting from design, equipment supply to complete turnkey works contracts.
HBL Microwave - HBL Microwave is focused on defence electronics. Unlike batteries and railway products where almost all development was done in house, HBL has collaborated with companies abroad for most of its defence electronics products. Radar and Electronic warfare : Joint venture with ELTA, Israel.
HBL Batteries

Subsidiary:

HBL (UK)
HBL Power Systems (M) SDN BHD
Bhagirath Energy Systems (BES)

Certifications:

a) Nickel Cadmium :

Pocket Plate, Valve Regulated Pocket Plate, Fibre Plate - ISO 9001, ISO 14001, IEC 60623 Certification (CSA), Bump Test, Vibration Test, Seismic Test, IEC 60623 Certification and OHSAS 18001 Certification
Sintered Plate - ISO 9001

b) Silver Zinc - ISO 9001

c) Lead Acid - VRLA Single Cells, VRLA Monoblocks, LMLA, VRLA GEL - ISO 9001, ISO 14001, IEC 60896 Certification (CSA) for VRLA Single Cells , IEC 60896 and Certification (CSA) for Monoblocks

c) Lithium - ISO 9001

d) Electronics - Thyristor Control Rectifiers, DC-DC Convertors and Defence Chargers - ISO 9001.

In 2009 Hbl Power Systems sets up JV Company in Saudi Arabia to manufacture of Industrial Batteries.

HBL Engineering Ltd (HBLENGINE)

HBL Engineering Ltd (HBLENGINE)

HBL Engineering stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of HBL Engineering - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

HBL Engineering Ltd FAQs

About HBL Engineering Ltd

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HBL Engineering Ltd (HBLENGINE)

HBL Engineering Ltd (HBLENGINE)

HBL Engineering stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of HBL Engineering - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

HBL Engineering Ltd FAQs

What is the share price of HBL Engineering?

What is the market cap of HBL Engineering?

What is the P/E ratio of HBL Engineering?

What is the P/B ratio of HBL Engineering?

What is the 52-week high and low of HBL Engineering?

What is the TTM revenue of HBL Engineering?

Is HBL Engineering Ltd a good quality company?

Is HBL Engineering Ltd undervalued or overvalued?

Is HBL Engineering Ltd a good buy now?

About HBL Engineering Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.