About
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.
Key Metrics
as of Sep 2026Market Cap19,279 Cr
P/E24.00
Div Yield0.43 %
Book Value₹79.90
52w High₹1,122.00
52w Low₹603.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 638.00 | 604.00 | 874.00 | 1,223.00 | 602.00 | 476.00 | 451.00 | 521.00 | 520.00 | 610.00 | 599.00 | 557.00 | 467.00 |
| Expenses | 491.00 | 529.00 | 572.00 | 679.00 | 410.00 | 396.00 | 357.00 | 412.00 | 410.00 | 479.00 | 486.00 | 456.00 | 390.00 |
| Operating Profit | 147.00 | 75.00 | 302.00 | 544.00 | 192.00 | 79.00 | 94.00 | 109.00 | 110.00 | 131.00 | 113.00 | 101.00 | 78.00 |
| OPM % | 23.00 | 12.00 | 35.00 | 44.00 | 32.00 | 17.00 | 21.00 | 21.00 | 21.00 | 22.00 | 19.00 | 18.00 | 17.00 |
| Other Income | 21.00 | 10.00 | 10.00 | -8.00 | 17.00 | 6.00 | 2.00 | 12.00 | 5.00 | -19.00 | 2.00 | 3.00 | 3.00 |
| Depreciation | 12.00 | 15.00 | 12.00 | 12.00 | 12.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 10.00 | 10.00 |
| Interest | 5.00 | 2.00 | 3.00 | 3.00 | 6.00 | 4.00 | 5.00 | 3.00 | 2.00 | 4.00 | 3.00 | 3.00 | 2.00 |
| Profit before tax | 149.00 | 67.00 | 297.00 | 520.00 | 191.00 | 71.00 | 79.00 | 107.00 | 103.00 | 98.00 | 102.00 | 91.00 | 69.00 |
| Tax % | 26.00 | 18.00 | 27.00 | 26.00 | 26.00 | 26.00 | 26.00 | 29.00 | 26.00 | 33.00 | 23.00 | 26.00 | 25.00 |
| Net Profit | 109.00 | 64.00 | 220.00 | 387.00 | 143.00 | 45.00 | 65.00 | 87.00 | 80.00 | 81.00 | 79.00 | 68.00 | 52.00 |
| EPS in Rs | 3.94 | 2.30 | 7.96 | 13.97 | 5.17 | 1.62 | 2.33 | 3.15 | 2.89 | 2.94 | 2.85 | 2.48 | 1.87 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,303.00 | 1,967.00 | 2,233.00 | 1,369.00 | 1,236.00 | 912.00 | 1,092.00 | 1,266.00 | 1,603.00 | 1,414.00 | 1,299.00 | 1,349.00 |
| Expenses | 2,190.00 | 1,574.00 | 1,810.00 | 1,217.00 | 1,097.00 | 845.00 | 1,011.00 | 1,169.00 | 1,477.00 | 1,286.00 | 1,164.00 | 1,210.00 |
| Operating Profit | 1,113.00 | 393.00 | 423.00 | 151.00 | 139.00 | 67.00 | 81.00 | 97.00 | 126.00 | 129.00 | 134.00 | 139.00 |
| OPM % | 34.00 | 20.00 | 19.00 | 11.00 | 11.00 | 7.00 | 7.00 | 8.00 | 8.00 | 9.00 | 10.00 | 10.00 |
| Other Income | 28.00 | 38.00 | 8.00 | 20.00 | 26.00 | 6.00 | 22.00 | 21.00 | 16.00 | 21.00 | 12.00 | 9.00 |
| Interest | 15.00 | 13.00 | 13.00 | 7.00 | 7.00 | 15.00 | 22.00 | 31.00 | 41.00 | 46.00 | 68.00 | 71.00 |
| Depreciation | 51.00 | 44.00 | 41.00 | 35.00 | 35.00 | 39.00 | 41.00 | 44.00 | 46.00 | 48.00 | 51.00 | 53.00 |
| Profit before tax | 1,075.00 | 374.00 | 377.00 | 130.00 | 122.00 | 19.00 | 40.00 | 43.00 | 55.00 | 54.00 | 27.00 | 24.00 |
| Tax % | 25.00 | 26.00 | 26.00 | 24.00 | 23.00 | 29.00 | 35.00 | 35.00 | 42.00 | 29.00 | 45.00 | 43.00 |
| Net Profit | 814.00 | 276.00 | 280.00 | 98.00 | 94.00 | 14.00 | 26.00 | 28.00 | 32.00 | 38.00 | 15.00 | 14.00 |
| EPS in Rs | 29.40 | 9.99 | 10.13 | 3.56 | 3.39 | 0.50 | 0.95 | 1.00 | 1.14 | 1.53 | 0.59 | 0.56 |
| Dividend Payout % | 3.00 | 10.00 | 5.00 | 13.00 | 12.00 | 71.00 | 32.00 | 30.00 | 22.00 | 18.00 | 42.00 | 36.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 25.00 | 25.00 |
| Reserves | 2,187.00 | 1,455.00 | 1,193.00 | 924.00 | 838.00 | 754.00 | 745.00 | 739.00 | 724.00 | 701.00 | 584.00 | 539.00 |
| Borrowings | 67.00 | 74.00 | 67.00 | 86.00 | 63.00 | 70.00 | 161.00 | 232.00 | 366.00 | 479.00 | 549.00 | 686.00 |
| Other Liabilities | 661.00 | 422.00 | 366.00 | 257.00 | 204.00 | 184.00 | 169.00 | 162.00 | 224.00 | 258.00 | 277.00 | 311.00 |
| Total Liabilities | 2,942.00 | 1,980.00 | 1,654.00 | 1,294.00 | 1,133.00 | 1,036.00 | 1,103.00 | 1,161.00 | 1,342.00 | 1,467.00 | 1,435.00 | 1,562.00 |
| Fixed Assets | 441.00 | 397.00 | 354.00 | 320.00 | 265.00 | 279.00 | 304.00 | 321.00 | 363.00 | 417.00 | 415.00 | 456.00 |
| CWIP | 127.00 | 68.00 | 20.00 | 50.00 | 81.00 | 43.00 | 27.00 | 37.00 | 26.00 | 33.00 | 48.00 | 49.00 |
| Investments | 402.00 | 290.00 | 108.00 | 9.00 | 8.00 | 7.00 | 6.00 | 5.00 | 5.00 | 8.00 | 8.00 | 2.00 |
| Other Assets | 1,972.00 | 1,225.00 | 1,171.00 | 915.00 | 779.00 | 707.00 | 766.00 | 797.00 | 947.00 | 1,008.00 | 964.00 | 1,054.00 |
| Total Assets | 2,942.00 | 1,980.00 | 1,654.00 | 1,294.00 | 1,133.00 | 1,036.00 | 1,103.00 | 1,161.00 | 1,342.00 | 1,467.00 | 1,435.00 | 1,562.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 738.00 | 239.00 | 270.00 | 122.00 | 62.00 | 121.00 | 149.00 | 167.00 | 159.00 | 43.00 | 158.00 | 79.00 |
| Cash from Investing Activity | -214.00 | -320.00 | -137.00 | -50.00 | -17.00 | -32.00 | -6.00 | 1.00 | -8.00 | 60.00 | -10.00 | -13.00 |
| Cash from Financing Activity | -113.00 | -26.00 | -42.00 | 10.00 | -22.00 | -104.00 | -114.00 | -163.00 | -150.00 | -114.00 | -153.00 | -66.00 |
| Net Cash Flow | 411.00 | -107.00 | 91.00 | 82.00 | 23.00 | -14.00 | 29.00 | 5.00 | 1.00 | -11.00 | -5.00 | 0.00 |
| Free Cash Flow | 618.00 | 120.00 | 204.00 | 68.00 | 41.00 | 86.00 | 140.00 | 168.00 | 149.00 | 5.00 | 144.00 | 62.00 |
| CFO/OP % | 93.00 | 86.00 | 85.00 | 105.00 | 65.00 | 184.00 | 201.00 | 192.00 | 149.00 | 41.00 | 125.00 | 60.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71.00 | 69.00 | 58.00 | 83.00 | 86.00 | 102.00 | 102.00 | 105.00 | 103.00 | 122.00 | 120.00 | 106.00 |
| Inventory Days | 148.00 | 201.00 | 137.00 | 147.00 | 149.00 | 188.00 | 162.00 | 145.00 | 126.00 | 168.00 | 185.00 | 226.00 |
| Days Payable | 49.00 | 68.00 | 41.00 | 43.00 | 42.00 | 44.00 | 41.00 | 34.00 | 43.00 | 68.00 | 77.00 | 81.00 |
| Cash Conversion Cycle | 171.00 | 202.00 | 154.00 | 188.00 | 193.00 | 246.00 | 222.00 | 216.00 | 186.00 | 222.00 | 228.00 | 252.00 |
| Working Capital Days | 100.00 | 106.00 | 81.00 | 117.00 | 126.00 | 149.00 | 121.00 | 104.00 | 73.00 | 66.00 | 55.00 | 57.00 |
| ROCE % | 58.00 | 27.00 | 36.00 | 14.00 | 13.00 | 4.00 | 6.00 | 6.00 | 9.00 | 8.00 | 8.00 | 8.00 |
Corporate Actions
25 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 13 Feb 2026 | 13 Feb 2026 | — | 2.00 | |
| Dividend | 12 Sep 2025 | 12 Sep 2025 | — | 1.00 | |
| Dividend | 13 Sep 2024 | 13 Sep 2024 | — | 0.50 | |
| Dividend | 15 Sep 2023 | — | — | 0.45 | |
| Dividend | 15 Sep 2022 | — | — | 0.40 | |
| Dividend | 16 Sep 2021 | — | — | 0.35 | |
| Dividend | 16 Sep 2020 | — | — | 0.10 | |
| Dividend | 26 Feb 2020 | 27 Feb 2020 | — | 0.20 | |
| Dividend | 18 Sep 2019 | — | — | 0.30 | |
| Dividend | 18 Sep 2018 | — | — | 0.25 | |
| Dividend | 18 Sep 2017 | — | — | 0.25 | |
| Dividend | 21 Sep 2016 | — | — | 0.25 | |
| Dividend | 21 Sep 2015 | — | — | 0.20 | |
| Dividend | 18 Dec 2014 | — | — | 0.20 | |
| Dividend | 19 Sep 2013 | — | — | 0.15 | |
| Dividend | 14 Dec 2012 | — | — | 0.15 | |
| Dividend | 29 Aug 2011 | — | — | 0.10 | |
| Dividend | 20 Sep 2010 | — | — | 0.30 | |
| Split | 24 Nov 2009 | 25 Nov 2009 | 10:1 | — | |
| Dividend | 08 Sep 2009 | — | — | 3.00 | |
| Dividend | 28 Aug 2008 | — | — | 1.50 | NSE/BSE dividend mismatch: NSE=0.15; BSE=1.5 |
| Dividend | 28 Aug 2008 | — | — | 0.15 | NSE/BSE dividend mismatch: NSE=0.15; BSE=1.5 |
| Dividend | 18 Sep 2007 | — | — | 1.50 | NSE/BSE dividend mismatch: NSE=0.15; BSE=1.5 |
| Dividend | 18 Sep 2007 | — | — | 0.15 | NSE/BSE dividend mismatch: NSE=0.15; BSE=1.5 |
| Other | 31 May 2006 | 07 Jun 2006 | — | — | Right Issue of Equity Shares |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update25 Feb from care
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Rating update10 Oct 2025 from care
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Rating update31 Mar 2025 from care
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Rating update3 Oct 2024 from care
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Rating update28 Aug 2023 from care
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Rating update7 Oct 2022 from care