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HBL Engineering Limited (HBLPOWER) Fair Value & Analysis

Industrials · IN · Market cap ₹181B

HE HBL Engineering Limited HBLPOWER · BSE
Price₹816.75
Fair Value₹172.26
Upside-78.9%
Quality68/100
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Evidence: High Range ₹129.20 – ₹215.33

Fair value as of: Jul 5, 2026

From 26 valuation models · updated today

Share price +3.9% over the past month.

Price vs Fair Value (12 months)

₹1,097 ₹555.41 Fair Value ₹172.26 Jun 2025 Jul 2026

12‑month range ₹555.41 – ₹1,097 · fair‑value band ₹129.20 – ₹215.33 · the ₹816.75 price screens above the ₹172.26 fair value. As of Jul 5, 2026.

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Analysis

HBL Engineering Limited (HBLPOWER) currently trades at ₹816.75, while our model-based Fair Value estimate is ₹172.26 — implying the stock looks roughly 78.9% overvalued today. We read business quality at 68/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, HBL Engineering Limited generated revenue of ₹22.5B at a net margin of 14.6%. Revenue declined 6.4% year over year. It earns a return on equity of 26.9%. Net debt stands at ₹4.2M. Fundamentals as of Jul 5, 2026

Our scenario range runs from ₹129.20 (bear case) to ₹215.33 (bull case); at ₹816.75, the current price sits above that range. The share trades about 27% below its 52-week high and 49% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside — at -79%, HBLPOWER screens richer than that median.

Key figures & financial health

Revenue (TTM) ₹22.5B
Revenue growth (YoY) -6.4%
Net margin 14.6%
Return on equity 26.9%
Free cash flow ₹2.2B FY2024
P/E ratio 55.6
More key figures
Operating margin 18.7%
EPS (TTM) ₹11.74
Dividend yield 0.1%
EPS growth (YoY) +26.7%
Net debt ₹4.2M FY2022

Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.

About the company

HBL Engineering Limited manufactures and sells batteries, power electronics, and spun concrete products in India and internationally. It operates through Batteries and Electronics segments. The company offers lead acid batteries, nickel-cadmium batteries, silver zinc batteries, defence, and lithium batteries. It provides railway signaling electronics, electronic fuzes for ammunition, integrated power supplies, centralized train control system, train collision avoidance systems, DC power systems and distribution panels, battery monitoring system, battery isolation switches, electric drive trains, electronic voltage regulators, earth leakage monitors, and train management system; E-Mobility products, including e-mobility drive train, motors, inverters, and EV chargers; energy storage systems and battery management systems. It serves transportation, oil and gas, power supply, electric power, telecom, and stationary engine starting industries. The company was formerly HBL Power Systems …

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

HBL Engineering Limited reported revenue of ₹22.2B in FY2024 versus ₹10.9B in FY2020, a compound +19.4%/yr. Reported net income was ₹2.8B in FY2024, compounding +80.9%/yr from FY2020.

Revenue +19.4%/yr
FY20 ₹10.9B
FY21 ₹8.9B
FY22 ₹12.1B
FY23 ₹13.7B
FY24 ₹22.2B
Net income +80.9%/yr
FY20 ₹262M
FY21 ₹137M
FY22 ₹939M
FY23 ₹987M
FY24 ₹2.8B

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Cite: Fair Value Calculator (2026). "HBL Engineering Limited Fair Value". https://www.fairvalue-calculator.com/stock/HBLPOWER

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Frequently asked questions

Is HBL Engineering Limited (HBLPOWER) undervalued?
As of Jul 5, 2026, our model estimates a fair value of ₹172.26 versus a price of ₹816.75 — about −79% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HBLPOWER?
Our model-based fair value for HBL Engineering Limited is ₹172.26 (as of Jul 5, 2026), built from audited fundamentals. The current price is ₹816.75.
What is the quality score of HBLPOWER?
HBL Engineering Limited has a Quality Score of 68/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of HBL Engineering Limited (HBLPOWER)?
HBL Engineering Limited reported trailing-twelve-month revenue of about ₹22.5B (latest available figure, as of Jul 5, 2026).
What is the net profit margin of HBLPOWER?
The net profit margin of HBL Engineering Limited is about 14.6%, meaning it keeps roughly 14.6% of revenue as net income. Based on the latest reported figures.
Does HBL Engineering Limited pay a dividend?
HBL Engineering Limited currently shows a dividend yield of about 0.08% relative to its recent price (as of Jul 5, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.