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HBL Engineering Limited
(HBLENGINE)
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Rating:68Neutral
Price Target:
₹844.00
▲(9.14% Upside)
Action:Reiterated
Date:05/24/26
The score is driven mainly by strong financial performance and a conservative balance sheet, tempered by historically uneven cash-flow/margin consistency. Technicals are neutral with no clear uptrend, and valuation is relatively demanding (P/E ~29) with limited dividend support.
Positive Factors
Sustained revenue and profit growth
Multi-year revenue and net income expansion indicates scalable demand and improving operating leverage. Such consistent top-line and bottom-line growth supports reinvestment capacity, product expansion and long-term market share gains if execution and end markets remain stable.
Negative Factors
Volatile cash-flow conversion
Uneven conversion of profits to cash creates unpredictability for capex, debt servicing and dividend planning. Persistent volatility in operating cash flow raises execution risk, complicates forecasting and can force external financing in weaker years, straining returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue and profit growth
Multi-year revenue and net income expansion indicates scalable demand and improving operating leverage. Such consistent top-line and bottom-line growth supports reinvestment capacity, product expansion and long-term market share gains if execution and end markets remain stable.
Read all positive factors
HBL Engineering Limited (HBLENGINE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹210.81B
Dividend Yield0.11%
Average Volume (3M)101.38K
Price to Earnings (P/E)26.0
Beta (1Y)1.68
Revenue Growth67.89%
EPS Growth194.47%
CountryIN
Employees2,152
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)15.59
Shares Outstanding277,194,950
10 Day Avg. Volume142,427
30 Day Avg. Volume101,384
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)7.70
Price to Sales (P/S)5.16
P/FCF Ratio28.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)17.74
Revenue Forecast (FY)₹35.12B
HBL Engineering Limited Business Overview & Revenue Model
Company Description
HBL Engineering Ltd. is a global manufacturer and distributor of various battery types and specialized products, serving both Indian and international clientele. The company's operations are divided into key segments: industrial batteries, defense...
How the Company Makes Money
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HBL Engineering Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
84
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.85B | 33.03B | 19.54B | 22.33B | 13.69B | 12.13B |
| Gross Profit | 7.44B | 16.12B | 62.86M | 8.74B | 5.36B | 3.19B |
| EBITDA | 6.29B | 11.13B | 4.25B | 4.23B | 1.70B | 1.64B |
| Net Income | 4.32B | 8.15B | 2.77B | 2.81B | 986.53M | 939.02M |
Balance Sheet | ||||||
| Total Assets | 26.77B | 29.42B | 19.79B | 16.54B | 12.94B | 11.33B |
| Cash, Cash Equivalents and Short-Term Investments | 3.41B | 6.92B | 2.03B | 2.29B | 1.56B | 896.00M |
| Total Debt | 872.40M | 668.70M | 742.95M | 674.62M | 860.21M | 626.07M |
| Total Liabilities | 6.92B | 7.28B | 4.97B | 4.34B | 3.43B | 2.67B |
| Stockholders Equity | 19.85B | 22.14B | 14.83B | 12.21B | 9.51B | 8.66B |
Cash Flow | ||||||
| Free Cash Flow | 2.14B | 6.06B | 10.92M | 2.20B | 585.59M | -56.59M |
| Operating Cash Flow | 3.74B | 7.57B | 28.78M | 2.73B | 1.22B | 624.69M |
| Investing Cash Flow | -3.47B | -2.33B | -38.72M | -1.39B | -497.13M | -167.67M |
| Financing Cash Flow | -53.62M | -1.13B | -2.52M | -342.71M | -95.56M | 223.22M |
HBL Engineering Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹159.13B | 18.19 | ― | 6.72% | 7.53% | -5.18% | |
68 Neutral | ₹210.81B | 26.04 | ― | 0.11% | 67.89% | 194.47% | |
63 Neutral | ₹78.54B | 16.76 | ― | 0.20% | 55.34% | 45.62% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹259.92B | 45.75 | ― | ― | 44.00% | 97.66% | |
47 Neutral | ₹53.74B | -17.84 | ― | ― | 19.77% | -479.90% |
* General Sector Average
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HBL Engineering Limited Corporate Events
HBL Engineering Flags Strong FY26 Results and Signals Cautious Growth Outlook for FY27
May 24, 2026
HBL Engineering Limited informed shareholders that its financial performance in FY26 was significantly better than in FY25, aligning with expectations set as early as September 2025. However, while Q4 FY26 sales exceeded those of Q4 FY25, profitab...
HBL Engineering to Hold One-on-One Investor Meet With SBI Mutual Fund
Mar 14, 2026
HBL Engineering Limited has informed the stock exchanges that its officials will participate in a one-to-one, physically held meeting with the SBI Mutual Fund manager in Mumbai on March 18, 2026. The company emphasized that only publicly available...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.