New Risk • May 28
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 26
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ₹799. The fair value is estimated to be ₹648, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 59%. Announcement • May 25
HBL Engineering Limited, Annual General Meeting, Sep 26, 2026 HBL Engineering Limited, Annual General Meeting, Sep 26, 2026. Reported Earnings • May 24
Full year 2026 earnings released: EPS: ₹29.39 (vs ₹9.99 in FY 2025) Full year 2026 results: EPS: ₹29.39 (up from ₹9.99 in FY 2025). Revenue: ₹33.6b (up 71% from FY 2025). Net income: ₹8.15b (up 194% from FY 2025). Profit margin: 24% (up from 14% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 28
HBL Engineering Limited to Report Q4, 2026 Results on May 23, 2026 HBL Engineering Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 23, 2026 Reported Earnings • Feb 09
Third quarter 2026 earnings released: EPS: ₹7.95 (vs ₹2.31 in 3Q 2025) Third quarter 2026 results: EPS: ₹7.95 (up from ₹2.31 in 3Q 2025). Revenue: ₹8.85b (up 96% from 3Q 2025). Net income: ₹2.21b (up 241% from 3Q 2025). Profit margin: 25% (up from 14% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 07
Hbl Engineering Limited Approves Interim Dividend for the Financial Year 2025-26 HBL Engineering Limited at its board meeting held on February 07, 2026, approved declaration of interim dividend: The Board of Directors has declared a dividend of INR 2/- (Rupees two) per equity share of face value of INR 1/- each fully paid up (i.e. 200%) for the financial year 2025-26. Record date: Fixed February 13, 2026, as record date for determination of shareholder's
eligibility to receive dividend. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹706, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 26x in the Electrical industry in India. Total returns to shareholders of 612% over the past three years. Announcement • Jan 19
HBL Engineering Limited to Report Q3, 2026 Results on Feb 07, 2026 HBL Engineering Limited announced that they will report Q3, 2026 results on Feb 07, 2026 Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹882, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 30x in the Electrical industry in India. Total returns to shareholders of 768% over the past three years. New Risk • Nov 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: ₹13.96 (vs ₹3.13 in 2Q 2025) Second quarter 2026 results: EPS: ₹13.96 (up from ₹3.13 in 2Q 2025). Revenue: ₹12.4b (up 138% from 2Q 2025). Net income: ₹3.87b (up 344% from 2Q 2025). Profit margin: 31% (up from 17% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 15
HBL Engineering Limited to Report Q2, 2026 Results on Nov 08, 2025 HBL Engineering Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 08, 2025 Announcement • Sep 26
HBL Engineering Limited Approves Dividend for the Financial Year Ended March 31, 2025 HBL Engineering Limited approved dividend for the year ended on March 31, 2025. A dividend of 100% (i.e. INR 1.00 on each share of INR 1 was declared). Upcoming Dividend • Sep 05
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 12 September 2025. Payment date: 25 October 2025. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.4%). Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹767, the stock trades at a trailing P/E ratio of 62.5x. Average trailing P/E is 39x in the Electrical industry in India. Total returns to shareholders of 900% over the past three years. Declared Dividend • Aug 13
Dividend increased to ₹1.00 Dividend of ₹1.00 is 100% higher than last year. Ex-date: 12th September 2025 Payment date: 25th October 2025 Dividend yield will be 0.1%, which is lower than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 125% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Aug 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 11
First quarter 2026 earnings released: EPS: ₹5.16 (vs ₹2.87 in 1Q 2025) First quarter 2026 results: EPS: ₹5.16 (up from ₹2.87 in 1Q 2025). Revenue: ₹6.02b (up 16% from 1Q 2025). Net income: ₹1.43b (up 79% from 1Q 2025). Profit margin: 24% (up from 15% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 21
HBL Engineering Limited to Report Q1, 2026 Results on Aug 09, 2025 HBL Engineering Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Aug 09, 2025 Announcement • May 26
HBL Engineering Limited, Annual General Meeting, Sep 25, 2025 HBL Engineering Limited, Annual General Meeting, Sep 25, 2025. Reported Earnings • May 25
Full year 2025 earnings released: EPS: ₹9.96 (vs ₹10.13 in FY 2024) Full year 2025 results: EPS: ₹9.96 (down from ₹10.13 in FY 2024). Revenue: ₹19.9b (down 11% from FY 2024). Net income: ₹2.77b (down 1.4% from FY 2024). Profit margin: 14% (up from 13% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹569, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 38x in the Electrical industry in India. Total returns to shareholders of 554% over the past three years. Announcement • Apr 28
HBL Engineering Limited to Report Q4, 2025 Results on May 24, 2025 HBL Engineering Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 24, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹481, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 36x in the Electrical industry in India. Total returns to shareholders of 680% over the past three years. New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹2.31 (vs ₹2.84 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.31 (down from ₹2.84 in 3Q 2024). Revenue: ₹4.52b (down 25% from 3Q 2024). Net income: ₹646.1m (down 18% from 3Q 2024). Profit margin: 14% (up from 13% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 17
HBL Engineering Limited to Report Q3, 2025 Results on Feb 10, 2025 HBL Engineering Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹627, the stock trades at a trailing P/E ratio of 53x. Average trailing P/E is 48x in the Electrical industry in India. Total returns to shareholders of 878% over the past three years. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: ₹3.13 (vs ₹2.47 in 2Q 2024) Second quarter 2025 results: EPS: ₹3.13 (up from ₹2.47 in 2Q 2024). Revenue: ₹5.33b (down 4.2% from 2Q 2024). Net income: ₹872.6m (up 27% from 2Q 2024). Profit margin: 16% (up from 12% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 119% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 16
HBL Power Systems Limited to Report Q2, 2025 Results on Nov 09, 2024 HBL Power Systems Limited announced that they will report Q2, 2025 results on Nov 09, 2024 Upcoming Dividend • Sep 06
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 26 October 2024. Payout ratio is a comfortable 5.0% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (0.3%). Declared Dividend • Aug 10
Dividend increased to ₹0.50 Dividend of ₹0.50 is 11% higher than last year. Ex-date: 13th September 2024 Payment date: 26th October 2024 Dividend yield will be 0.08%, which is lower than the industry average of 0.4%. Payout Ratios Payout ratio: 5%. Cash payout ratio: 6%. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹2.87 (vs ₹1.86 in 1Q 2024) First quarter 2025 results: EPS: ₹2.87 (up from ₹1.86 in 1Q 2024). Revenue: ₹5.26b (up 12% from 1Q 2024). Net income: ₹800.9m (up 55% from 1Q 2024). Profit margin: 15% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 130% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jul 12
HBL Power Systems Limited to Report Q1, 2025 Results on Aug 08, 2024 HBL Power Systems Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹597, the stock trades at a trailing P/E ratio of 58.9x. Average trailing P/E is 53x in the Electrical industry in India. Total returns to shareholders of 1,011% over the past three years. New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • May 28
Full year 2024 earnings released: EPS: ₹10.07 (vs ₹3.56 in FY 2023) Full year 2024 results: EPS: ₹10.07 (up from ₹3.56 in FY 2023). Revenue: ₹22.5b (up 65% from FY 2023). Net income: ₹2.81b (up 185% from FY 2023). Profit margin: 13% (up from 7.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has increased by 126% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹519, the stock trades at a trailing P/E ratio of 61.4x. Average trailing P/E is 43x in the Electrical industry in India. Total returns to shareholders of 1,406% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹402, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 35x in the Electrical industry in India. Total returns to shareholders of 1,044% over the past three years. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: ₹2.84 (vs ₹0.83 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.84 (up from ₹0.83 in 3Q 2023). Revenue: ₹6.05b (up 82% from 3Q 2023). Net income: ₹790.4m (up 233% from 3Q 2023). Profit margin: 13% (up from 7.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 155% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 07
HBL Power Systems Limited Appoints Narsing Rao Singayapally as an Additional Director (Category: Non-Executive Independent Director) HBL Power Systems Limited at its board meeting held on February 07, 2024, appointed Mr. Narsing Rao Singayapally (DIN: 00800362) as an Additional Director (Category: Non-Executive Independent Director) of the Company with effect from February 07, 2024 who holds office upto the date of next annual general meeting of the Company. Brief profile: 2014-2023: Principal Secretary to Chief Minister of Telangana, 2012-2014: Chairman & Managing Director, Coal India Ltd, 2006-2012: Chairman & Managing Director, Singareni Collieries Company Ltd, 2005 - 2006: Secretary to the Govt. of AP, 1999-2005: United Nations Office of Project Services, 1985-1999: Various posts in Govt. of AP. Announcement • Jan 10
HBL Power Systems Limited to Report Q3, 2024 Results on Feb 07, 2024 HBL Power Systems Limited announced that they will report Q3, 2024 results on Feb 07, 2024 Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹403, the stock trades at a trailing P/E ratio of 62.4x. Average trailing P/E is 35x in the Electrical industry in India. Total returns to shareholders of 1,618% over the past three years. Reported Earnings • Nov 05
Second quarter 2024 earnings released: EPS: ₹2.47 (vs ₹0.71 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.47 (up from ₹0.71 in 2Q 2023). Revenue: ₹5.57b (up 77% from 2Q 2023). Net income: ₹686.7m (up 242% from 2Q 2023). Profit margin: 12% (up from 6.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 138% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 14
HBL Power Systems Limited to Report Q2, 2024 Results on Nov 04, 2023 HBL Power Systems Limited announced that they will report Q2, 2024 results on Nov 04, 2023 Upcoming Dividend • Sep 08
Upcoming dividend of ₹0.45 per share at 0.2% yield Eligible shareholders must have bought the stock before 15 September 2023. Payment date: 28 October 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.4%). Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹264, the stock trades at a trailing P/E ratio of 56.2x. Average trailing P/E is 31x in the Electrical industry in India. Total returns to shareholders of 1,478% over the past three years. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹1.86 (vs ₹0.71 in 1Q 2023) First quarter 2024 results: EPS: ₹1.86 (up from ₹0.71 in 1Q 2023). Revenue: ₹4.67b (up 46% from 1Q 2023). Net income: ₹517.3m (up 158% from 1Q 2023). Profit margin: 11% (up from 6.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 136% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 12
HBL Power Systems Limited Announces Management Changes Board of Directors of HBL Power Systems Limited at their meeting held on August 11, 2023, inter-alia: Appointed Ms. Deeksha Mikkilineni (DIN: 10267611) as an Additional Director of the Company with effect from August 11, 2023 who holds office upto the date of up coming annual general meeting of the Company scheduled to be held on September 28, 2023. The Company also considered and approved the request of Mrs. Kavita Prasad Aluru (DIN:00319292) to take a temporary break from the Executive role in the Company upon expiry of her current term from close of business hours on August 09, 2023. With effect from August 10, 2023 she continues to be the Non-Executive Director on the Board of the Company and member of various Committees of the Board of Directors. Brief profile (in case of appointment): Deeksha Mikkilineni is graduate in Molecular Biology and presently pursuing her masters. Disclosure of relationships between |directors (in case of appointment of a |director): Deeksha Mikkilineni is grand-daughter of Dr. Aluru Jagadish Prasad, Chairman and Managing Director, daughter of Mrs. Kavita Prasad Aluru and sister of Mr. M Advay Bhagirath, Non-Executive Non- Independent Director of the Company.Mrs. Kavita Prasad Aluru: Disclosure of relationships between directors: Mrs. Kavita Prasad is the daughter of Dr. AJ Prasad, Chairman and Managing Director and mother of Mr. M Advay Bhagirath, Non-Executive Non-Independent Director of the Company. Announcement • Aug 10
HBL Power Systems Limited Announces Change in Designation of Kavita Prasad Aluru from Executive Director to Non-Executive Director HBL Power Systems Limited announced that Mrs. Kavita Prasad Aluru (DIN: 00319292) intimated to the Board of Directors about her intention to take a temporary break from the executive role in the Company upon expiry of her current term from close of business hours on August 09, 2023. She continues to be a Non-Executive Director and member of various committees of the Board of the Company. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹211, the stock trades at a trailing P/E ratio of 59.3x. Average trailing P/E is 31x in the Electrical industry in India. Total returns to shareholders of 1,310% over the past three years. New Risk • Jul 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹136, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 24x in the Electrical industry in India. Total returns to shareholders of 807% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹0.83 (vs ₹0.89 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.83 (down from ₹0.89 in 3Q 2022). Revenue: ₹3.38b (down 3.2% from 3Q 2022). Net income: ₹237.4m (down 4.4% from 3Q 2022). Profit margin: 7.0% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 11
HBL Power Systems Limited to Report Q3, 2023 Results on Feb 06, 2023 HBL Power Systems Limited announced that they will report Q3, 2023 results on Feb 06, 2023 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 17% share price gain to ₹106, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 22x in the Electrical industry in India. Total returns to shareholders of 570% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹0.71 (vs ₹0.53 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.71 (up from ₹0.53 in 2Q 2022). Revenue: ₹3.14b (up 11% from 2Q 2022). Net income: ₹200.8m (up 34% from 2Q 2022). Profit margin: 6.4% (up from 5.3% in 2Q 2022). The increase in margin was driven by higher revenue. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non Executive Non-Independent Director Advay Mikkilineni was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹0.71 (vs ₹0.53 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.71 (up from ₹0.53 in 2Q 2022). Revenue: ₹3.18b (up 12% from 2Q 2022). Net income: ₹200.8m (up 34% from 2Q 2022). Profit margin: 6.3% (up from 5.3% in 2Q 2022). The increase in margin was driven by higher revenue. Announcement • Oct 26
HBL Power Systems Limited to Report Q2, 2023 Results on Nov 11, 2022 HBL Power Systems Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 23% share price gain to ₹115, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 23x in the Electrical industry in India. Total returns to shareholders of 624% over the past three years. Upcoming Dividend • Sep 08
Upcoming dividend of ₹0.40 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 27 October 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 20% share price gain to ₹93.05, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 21x in the Electrical industry in India. Total returns to shareholders of 485% over the past three years. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: ₹0.71 (vs ₹0.72 in 1Q 2022) First quarter 2023 results: EPS: ₹0.71 (down from ₹0.72 in 1Q 2022). Revenue: ₹3.23b (up 40% from 1Q 2022). Net income: ₹200.3m (down 3.0% from 1Q 2022). Profit margin: 6.2% (down from 9.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Board Change • Jul 29
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non Executive Non-Independent Director Advay Mikkilineni was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 28
HBL Power Systems Limited Announces Resignation of Ramanujulu Nandakumar Ramnath as Independent Director HBL Power Systems Limited informed that Dr. Ramanujulu Nandakumar Ramnath tendered his resignation from the position of Director of the Company - Independent Director category with effect from July 27, 2022, due to his urgent personal pressing engagements. Announcement • Jul 25
HBL Power Systems Limited to Report Q1, 2023 Results on Aug 06, 2022 HBL Power Systems Limited announced that they will report Q1, 2023 results on Aug 06, 2022 Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 17% share price gain to ₹96.55, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 18x in the Electrical industry in India. Total returns to shareholders of 313% over the past three years. Reported Earnings • May 28
Full year 2022 earnings released: EPS: ₹3.35 (vs ₹0.49 in FY 2021) Full year 2022 results: EPS: ₹3.35 (up from ₹0.49 in FY 2021). Revenue: ₹12.5b (up 37% from FY 2021). Net income: ₹939.0m (up ₹801.8m from FY 2021). Profit margin: 7.5% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 18% share price gain to ₹87.70, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 19x in the Electrical industry in India. Total returns to shareholders of 284% over the past three years. Announcement • May 17
HBL Power Systems Limited to Report Q4, 2022 Results on May 26, 2022 HBL Power Systems Limited announced that they will report Q4, 2022 results on May 26, 2022 Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 16% share price gain to ₹86.95, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 19x in the Electrical industry in India. Total returns to shareholders of 270% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹58.70, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 18x in the Electrical industry in India. Total returns to shareholders of 154% over the past three years. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.89 (up from ₹0.30 in 3Q 2021). Revenue: ₹3.49b (up 50% from 3Q 2021). Net income: ₹248.4m (up 203% from 3Q 2021). Profit margin: 7.1% (up from 3.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 47% per year whereas the company’s share price has increased by 45% per year. Announcement • Feb 03
HBL Power Systems Limited to Report Q3, 2022 Results on Feb 12, 2022 HBL Power Systems Limited announced that they will report Q3, 2022 results on Feb 12, 2022 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 17% share price gain to ₹79.85, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 23x in the Electrical industry in India. Total returns to shareholders of 249% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 16% share price gain to ₹58.20, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 20x in the Electrical industry in India. Total returns to shareholders of 120% over the past three years. Recent Insider Transactions • Nov 20
Founder recently bought ₹14m worth of stock On the 16th of November, Aluru Prasad bought around 268k shares on-market at roughly ₹51.00 per share. This was the largest purchase by an insider in the last 3 months. This was Aluru's only on-market trade for the last 12 months. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹0.53 (vs ₹0.31 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹2.83b (up 9.5% from 2Q 2021). Net income: ₹149.6m (up 66% from 2Q 2021). Profit margin: 5.3% (up from 3.5% in 2Q 2021). The increase in margin was driven by higher revenue. Upcoming Dividend • Sep 09
Upcoming dividend of ₹0.35 per share Eligible shareholders must have bought the stock before 15 September 2021. Payment date: 25 October 2021. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 17% share price gain to ₹52.45, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 25x in the Electrical industry in India. Total returns to shareholders of 66% over the past three years. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS ₹0.72 (vs ₹0.51 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹2.34b (up 94% from 1Q 2021). Net income: ₹206.6m (up ₹342.9m from 1Q 2021). Profit margin: 8.8% (up from net loss in 1Q 2021). Reported Earnings • Jun 23
Full year 2021 earnings released: EPS ₹0.44 (vs ₹0.95 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹9.22b (down 16% from FY 2020). Net income: ₹137.3m (down 48% from FY 2020). Profit margin: 1.5% (down from 2.4% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₹36.20, the stock trades at a trailing P/E ratio of 75x. Average trailing P/E is 20x in the Electrical industry in India. Total loss to shareholders of 21% over the past three years. Executive Departure • Apr 24
Non Executive Non Independent Director has left the company On the 13th of April, Ajay Limaye's tenure as Non Executive Non Independent Director ended after 8.2 years in the role. We don't have any record of a personal shareholding under Ajay's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹0.30 (vs ₹0.26 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ₹2.33b (down 11% from 3Q 2020). Net income: ₹81.9m (down 12% from 3Q 2020). Profit margin: 3.5% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Jan 25
HBL Power Systems Limited to Report Q3, 2021 Results on Feb 12, 2021 HBL Power Systems Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 24
New 90-day high: ₹30.90 The company is up 88% from its price of ₹16.40 on 25 September 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 33% over the same period. 
