Arthneeti

HBL Engineering Q1 FY24 Share Price & Earnings Call Analysis

₹799.35-2.01% today
Market cap
₹22,170 Cr
P/E
27.66
ROE
45.34%
PEG
0.27
Price to sales
6.63
Debt to equity
0.03
52W high / low
₹1,099 / ₹615
Sales growth (5Y)
29.35%
EBITDA margin
31.98%
Net profit margin
25.36%
Promoter holding
59.11%
Sales (last year)
₹3,339 Cr

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does HBL Engineering Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹532 Cr21.2
240%+Up 2%+₹450 Cr13.2
340%+Up 2%+₹371 Cr26.1
440%+Up 0–2%₹1,340 Cr32.9
540%+Up 0–2%₹1,196 Cr14.1
640%+Flat₹966 Cr25.0

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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of HBL Engineering Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of HBL Engineering Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +4034675575996105205214514766021,223874604
Expenses +358390456486479410412357396410679572529
Operating Profit4578101113131110109947919254430275
OPM %11%17%18%19%22%21%21%21%17%32%44%35%12%
Other Income +4332-195122617-81010
Interest3233423546332
Depreciation10101011111111111112121215
Profit before tax36699110298103107797119152029767
Tax %3%25%26%23%33%26%29%26%26%26%26%27%23%
Net Profit +35526879818087654514338722064
EPS in Rs1.261.872.482.852.942.893.152.331.625.1713.977.962.30

Financials of HBL Engineering Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,3491,2991,4141,6031,2661,0929121,2361,3692,2331,9673,303
Expenses +1,2101,1641,2861,4771,1691,0118451,0971,2171,8101,5742,190
Operating Profit1391341291269781671391514233931,113
OPM %10%10%9%8%8%7%7%11%11%19%20%34%
Other Income +912211621226262083828
Interest7168464131221577131315
Depreciation535148464441393535414451
Profit before tax242754554340191221303773741,075
Tax %43%45%29%42%35%35%29%23%24%26%26%26%
Net Profit +141538322826149498280276814
EPS in Rs0.560.591.531.141.000.950.503.393.5610.139.9929.40
Dividend Payout %36%42%18%22%30%32%71%12%13%5%10%3%

Financials of HBL Engineering Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital252528282828282828282828
Reserves5395847017247397457548389241,1931,4552,187
Borrowings +686549479366232161706386677467
Other Liabilities +311277258224162169184204257366422661
Total Liabilities1,5621,4351,4671,3421,1611,1031,0361,1331,2941,6541,9802,942
Fixed Assets +456415417363321304279265320354397441
CWIP4948332637274381502068127
Investments288556789108290402
Other Assets +1,0549641,0089477977667077799151,1711,2251,972
Total Assets1,5621,4351,4671,3421,1611,1031,0361,1331,2941,6541,9802,942

Financials of HBL Engineering Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +791584315916714912162122273247738
Cash from Investing Activity +-13-1060-81-6-32-17-50-139-320-214
Cash from Financing Activity +-66-153-114-150-163-114-104-2210-42-33-113
Net Cash Flow-0-5-111529-14238291-107411
Free Cash Flow62144514916814086416822896618
CFO/OP60%125%41%149%192%201%184%65%105%85%88%93%

Financials of HBL Engineering Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1061201221031051021028683586971
Inventory Days226185168126145162188149147137201148
Days Payable817768433441444243416849
Cash Conversion Cycle252228222186216222246193188154202171
Working Capital Days5755667310412114912611781106100
ROCE %8%8%8%9%6%6%4%13%14%36%27%58%
27out of 100

Momentum score · price trend

27 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−20.3%38%
Last 6 months+0.1%55%
Last 3 months+11.2%83%

The price is 27.3% below its all-time high of ₹1,098.8 (10 Nov 2025). Stocks more than 20% below their peak have their score halved, so 54 became 27.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For HBL Engineering Ltd: 0.4 × 38 + 0.4 × 55 + 0.2 × 83 = 54, halved to 27 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What HBL Engineering Ltd's management said in earlier quarters

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