HBL Power Systems Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 23, 2024, 5:08 pm

Market Cap	17,514 Cr.
Current Price	632
High / Low	740/378
Stock P/E	50.6
Book Value	49.5
Dividend Yield	0.08 %
ROCE	35.9 %
ROE	27.7 %
Face Value	1.00
PEG Ratio	1.08

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for HBL Power Systems Ltd

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
PAE Ltd	5.68 Cr.	5.45	6.25/4.11		26.9	0.00 %	%	%	10.0
HBL Power Systems Ltd	17,514 Cr.	632	740/378	50.6	49.5	0.08 %	35.9 %	27.7 %	1.00
Goldstar Power Ltd	279 Cr.	11.6	17.6/10.1	90.7	1.22	0.00 %	17.5 %	15.5 %	1.00
Exide Industries Ltd	35,487 Cr.	418	620/290	42.4	163	0.48 %	10.2 %	7.05 %	1.00
Industry Average	17,760.00 Cr	266.76		61.23	60.16	0.14%	21.20%	16.75%	3.25

All Competitor Stocks of

Quarterly Result

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	233	300	231	283	349	374	320	314	332	403	467	557	599
Expenses	213	275	215	258	303	321	285	281	294	358	390	456	486
Operating Profit	21	24	15	25	45	53	35	33	38	45	78	101	113
OPM %	9%	8%	7%	9%	13%	14%	11%	11%	12%	11%	17%	18%	19%
Other Income	2	-1	18	2	2	3	3	6	6	4	3	3	2
Interest	4	2	2	1	2	2	1	1	2	3	2	3	3
Depreciation	10	9	9	9	9	8	8	8	9	10	10	10	11
Profit before tax	9	13	22	17	37	46	29	30	33	36	69	91	102
Tax %	15%	17%	8%	10%	32%	29%	31%	35%	32%	3%	25%	26%	23%
Net Profit	8	10	21	15	25	33	20	20	24	35	52	68	79
EPS in Rs	0.30	0.37	0.75	0.54	0.90	1.21	0.72	0.72	0.86	1.26	1.87	2.48	2.85

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	1,562	1,709	1,304	1,349	1,299	1,414	1,603	1,266	1,092	912	1,236	1,369	1,759
Expenses	1,346	1,487	1,208	1,210	1,164	1,286	1,477	1,169	1,011	845	1,097	1,217	1,497
Operating Profit	216	222	95	139	134	129	126	97	81	67	139	151	262
OPM %	14%	13%	7%	10%	10%	9%	8%	8%	7%	7%	11%	11%	15%
Other Income	6	23	66	9	12	21	16	21	22	6	26	20	16
Interest	117	126	76	71	68	46	41	31	22	15	7	7	10
Depreciation	54	64	39	53	51	48	46	44	41	39	35	35	38
Profit before tax	51	55	46	24	27	54	55	43	40	19	122	130	229
Tax %	38%	33%	16%	43%	45%	29%	42%	35%	35%	29%	23%	24%
Net Profit	32	38	39	14	15	38	32	28	26	14	94	98	179
EPS in Rs	0.73	0.93	1.57	0.56	0.59	1.53	1.14	1.00	0.95	0.50	3.39	3.56	6.47
Dividend Payout %	20%	16%	13%	36%	42%	18%	22%	30%	32%	71%	12%	13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	18.75%	2.63%	-64.10%	7.14%	153.33%	-15.79%	-12.50%	-7.14%	-46.15%	571.43%	4.26%
Change in YoY Net Profit Growth (%)	0.00%	-16.12%	-66.73%	71.25%	146.19%	-169.12%	3.29%	5.36%	-39.01%	617.58%	-567.17%

HBL Power Systems Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 14, 2024, 3:31 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	25	25	25	25	28	28	28	28	28	28	28	28	28
Reserves	668	536	539	584	701	724	739	745	754	838	924	1,193	1,345
Borrowings	879	734	686	549	479	366	232	161	70	63	86	67	63
Other Liabilities	550	459	311	277	258	224	162	169	184	204	257	366	406
Total Liabilities	2,123	1,755	1,562	1,435	1,467	1,342	1,161	1,103	1,036	1,133	1,294	1,654	1,842
Fixed Assets	847	495	456	415	417	363	321	304	279	265	320	354	362
CWIP	72	56	49	48	33	26	37	27	43	81	50	20	31
Investments	30	1	2	8	8	5	5	6	7	8	9	108	120
Other Assets	1,174	1,202	1,054	964	1,008	947	797	766	707	779	915	1,171	1,329
Total Assets	2,123	1,755	1,562	1,435	1,467	1,342	1,161	1,103	1,036	1,133	1,294	1,654	1,842

Reserves and Borrowings Chart

No data available for this post.

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	216.00	-657.00	-639.00	-547.00	-415.00	-350.00	-240.00	-135.00	-80.00	-3.00	76.00	65.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	114	122	106	120	122	103	105	102	102	86	83	62
Inventory Days	188	276	226	185	168	126	145	162	188	149	147	137
Days Payable	106	134	81	77	68	43	34	41	44	42	43	41
Cash Conversion Cycle	196	265	252	228	222	186	216	222	246	193	188	158
Working Capital Days	117	172	173	172	177	150	164	168	169	133	128	83
ROCE %	12%	5%	8%	8%	8%	9%	6%	6%	4%	13%	14%	36%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	58.60%	58.60%	58.95%	58.97%	58.97%	58.97%	59.02%	59.08%	59.10%	59.11%	59.11%	59.11%
FIIs	10.71%	10.77%	11.25%	9.15%	4.79%	1.55%	1.77%	0.91%	2.63%	2.23%	2.66%	4.59%
DIIs	9.68%	9.68%	9.32%	9.33%	9.32%	3.59%	0.00%	0.00%	0.14%	0.08%	0.41%	0.66%
Public	21.01%	20.95%	20.48%	22.55%	26.92%	35.88%	39.21%	40.00%	38.14%	38.58%	37.82%	35.65%
No. of Shareholders	93,782	1,06,294	1,18,833	1,41,740	1,51,017	1,67,040	1,76,536	1,71,714	1,79,444	2,21,392	2,42,385	2,87,032

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Microcap 250 Index Fund	125,794	0.79	4.53	314	2024-12-22	39961.78%
Groww Nifty Total Market Index Fund	314	0.03	0.01	314	2024-12-22	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	10.07	3.51	3.35	0.44	0.85
Diluted EPS (Rs.)	10.07	3.51	3.35	0.44	0.85
Cash EPS (Rs.)	10.96	4.78	4.61	1.85	2.38
Book Value[Excl.RevalReserv]/Share (Rs.)	44.03	34.32	31.23	28.21	27.88
Book Value[Incl.RevalReserv]/Share (Rs.)	44.03	34.32	31.23	28.21	27.88
Revenue From Operations / Share (Rs.)	80.57	49.38	44.60	32.90	39.39
PBDIT / Share (Rs.)	15.92	6.10	5.53	2.78	3.50
PBIT / Share (Rs.)	14.43	4.82	4.27	1.38	2.03
PBT / Share (Rs.)	12.95	4.63	4.38	0.65	1.41
Net Profit / Share (Rs.)	9.48	3.50	3.35	0.44	0.90
NP After MI And SOA / Share (Rs.)	10.13	3.56	3.39	0.49	0.94
PBDIT Margin (%)	19.76	12.35	12.40	8.44	8.89
PBIT Margin (%)	17.91	9.76	9.56	4.18	5.16
PBT Margin (%)	16.07	9.38	9.83	1.98	3.57
Net Profit Margin (%)	11.76	7.09	7.50	1.35	2.30
NP After MI And SOA Margin (%)	12.57	7.20	7.59	1.50	2.40
Return on Networth / Equity (%)	23.01	10.36	10.84	1.75	3.39
Return on Capital Employeed (%)	31.80	13.25	12.90	4.67	7.08
Return On Assets (%)	16.98	7.62	8.29	1.32	2.37
Long Term Debt / Equity (X)	0.01	0.04	0.03	0.01	0.00
Total Debt / Equity (X)	0.04	0.08	0.05	0.07	0.18
Asset Turnover Ratio (%)	1.51	1.13	1.13	0.84	0.95
Current Ratio (X)	2.77	3.05	3.46	3.00	2.42
Quick Ratio (X)	1.68	1.88	2.04	1.68	1.43
Inventory Turnover Ratio (X)	3.14	2.58	2.55	1.87	2.14
Dividend Payout Ratio (NP) (%)	4.44	11.23	10.33	20.19	63.73
Dividend Payout Ratio (CP) (%)	3.87	8.26	7.52	5.27	24.95
Earning Retention Ratio (%)	95.56	88.77	89.67	79.81	36.27
Cash Earning Retention Ratio (%)	96.13	91.74	92.48	94.73	75.05
Interest Coverage Ratio (X)	34.12	25.83	20.51	5.23	4.38
Interest Coverage Ratio (Post Tax) (X)	23.47	15.63	11.98	2.21	1.91
Enterprise Value (Cr.)	12422.21	2571.14	1701.47	915.36	371.71
EV / Net Operating Revenue (X)	5.56	1.88	1.38	1.00	0.34
EV / EBITDA (X)	28.14	15.20	11.10	11.89	3.83
MarketCap / Net Operating Revenue (X)	5.64	1.93	1.42	1.02	0.28
Retention Ratios (%)	95.55	88.76	89.66	79.80	36.26
Price / BV (X)	10.32	2.77	2.03	1.18	0.39
Price / Net Operating Revenue (X)	5.64	1.93	1.42	1.02	0.28
EarningsYield	0.02	0.03	0.05	0.01	0.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of HBL Power Systems Ltd as of December 25, 2024 is: 694.36

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 25, 2024, HBL Power Systems Ltd is Undervalued by 9.87% compared to the current share price 632.00

Intrinsic Value of HBL Power Systems Ltd as of December 25, 2024 is: 1,019.11

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 25, 2024, HBL Power Systems Ltd is Undervalued by 61.25% compared to the current share price 632.00

Last 5 Year EPS CAGR: 46.77%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (791.54 cr) compared to borrowings (341.15 cr), indicating strong financial stability. The company has shown consistent growth in sales (71.08 cr) and profit (68.85 cr) over the years.	The stock has a low average ROCE of 10.75%, which may not be favorable. The stock has a high average Working Capital Days of 150.50, which may not be favorable. The stock has a high average Cash Conversion Cycle of 214.33, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in HBL Power Systems Ltd:
1. Net Profit Margin: 11.76%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 31.8% (Industry Average ROCE: 21.2%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 23.01% (Industry Average ROE: 16.75%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 23.47
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.68
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 50.6 (Industry average Stock P/E: 61.23)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.04
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

No data availabale for About the Company

INDUSTRY	ADDRESS	CONTACT
Industry not found	Address not found	Contact not found

Management Data not Available

FAQ

What is the latest intrinsic value of HBL Power Systems Ltd?

The latest intrinsic value of HBL Power Systems Ltd as on 24 December 2024 is ₹694.36, which is 9.87% higher than the current market price of ₹632.00. The stock has a market capitalization of 17,514 Cr. and recorded a high/low of 740/378 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,345 Cr and total liabilities of ₹1,842 Cr.

What is the Market Cap of HBL Power Systems Ltd?

The Market Cap of HBL Power Systems Ltd is 17,514 Cr..

What is the current Stock Price of HBL Power Systems Ltd as on 24 December 2024?

The current stock price of HBL Power Systems Ltd as on 24 December 2024 is 632.

What is the High / Low of HBL Power Systems Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of HBL Power Systems Ltd stocks is 740/378.

What is the Stock P/E of HBL Power Systems Ltd?

The Stock P/E of HBL Power Systems Ltd is 50.6.

What is the Book Value of HBL Power Systems Ltd?

The Book Value of HBL Power Systems Ltd is 49.5.

What is the Dividend Yield of HBL Power Systems Ltd?

The Dividend Yield of HBL Power Systems Ltd is 0.08 %.

What is the ROCE of HBL Power Systems Ltd?

The ROCE of HBL Power Systems Ltd is 35.9 %.

What is the ROE of HBL Power Systems Ltd?

The ROE of HBL Power Systems Ltd is 27.7 %.

What is the Face Value of HBL Power Systems Ltd?

The Face Value of HBL Power Systems Ltd is 1.00.