Fundamental Analysis of HBL Power Systems Ltd

About the Company - HBL Power Systems Ltd

HBL Power Systems Ltd. is a Public Limited Listed company incorporated on 29/08/1986 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L40109TG1986PLC006745 and registration number is 006745. Currently Company is involved in the business activities of Manufacture of batteries and accumulators. Company’s Total Operating Revenue is Rs. 1221.50 Cr. and Equity Capital is Rs. 27.72 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Batteries	8-2-601, Road No 10, Hyderabad Telangana 500034	investor@hbl.in http://www.hbl.in

Management
Name	Position Held
Dr. Aluru Jagadish Prasad	Chairman & Managing Director
Mrs. Kavita Prasad Aluru	Whole Time Director
Mr. Advay Bhagirath Mikkilineni	Non Exe.Non Ind.Director
CA. Poruri Ganapathi Rao	Ind. Non-Executive Director
Mr. Karipineni Venkat Sriram	Ind. Non-Executive Director
Mrs. Richa Datta	Ind. Non-Executive Director
Mrs. Preeti Khandelwal	Ind. Non-Executive Director

Basic Stock Data of HBL Power Systems Ltd

Last Updated: July 26, 2024, 10:37 pm

Market Cap	17,437 Cr.
Current Price	629
High / Low	685/173
Stock P/E	58.0
Book Value	44.0
Dividend Yield	0.07 %
ROCE	34.4 %
ROE	27.7 %
Face Value	1.00
PEG Ratio	1.24

Data Source: screener.in

Competitors of HBL Power Systems Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
PAE Ltd	4.90 Cr.	4.70	6.25/4.11		26.9	0.00 %	%	%	10.0
HBL Power Systems Ltd	17,437 Cr.	629	685/173	58.0	44.0	0.07 %	34.4 %	27.7 %	1.00
Goldstar Power Ltd	292 Cr.	12.2	23.4/4.50	72.2	1.17	0.00 %	19.7 %	16.8 %	1.00
Exide Industries Ltd	47,064 Cr.	554	620/242	55.6	152	0.36 %	10.2 %	7.05 %	1.00
Industry Average	23,678.00 Cr	190.30		63.90	60.02	0.12%	14.95%	11.93%	4.00

HBL Power Systems Ltd Quarterly Results

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: July 12, 2024, 12:55 am

HBL Power Systems Ltd Quarterly Chart

HBL Power Systems Ltd Profit & Loss

Last Updated: July 10, 2024, 5:44 pm

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%

HBL Power Systems Ltd Profit & Loss Yearly Chart

HBL Power Systems Ltd Growth

Compounded Sales Growth
10 Years:	6%
5 Years:	12%
3 Years:	35%
TTM:	63%

Compounded Profit Growth
10 Years:	36%
5 Years:	66%
3 Years:	160%
TTM:	209%

Stock Price CAGR
10 Years:	43%
5 Years:	101%
3 Years:	131%
1 Year:	289%

Return on Equity
10 Years:	9%
5 Years:	12%
3 Years:	17%
Last Year:	28%

Last Updated: July 25, 2024, 5:12 am

HBL Power Systems Ltd Balance Sheet

Last Updated: July 10, 2024, 5:44 pm

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	Sep 2023
Equity Capital	25	25	25	25	25	28	28	28	28	28	28	28	28
Reserves	501	519	536	539	584	701	724	739	745	754	838	924	1,032
Borrowings	916	879	734	686	549	479	366	232	161	70	63	86	107
Other Liabilities	493	700	459	311	277	258	224	162	169	184	204	257	385
Total Liabilities	1,935	2,123	1,755	1,562	1,435	1,467	1,342	1,161	1,103	1,036	1,133	1,294	1,552
Fixed Assets	841	847	495	456	415	417	363	321	304	279	265	320	347
CWIP	66	72	56	49	48	33	26	37	27	43	81	50	31
Investments	32	30	1	2	8	8	5	5	6	7	8	9	97
Other Assets	996	1,174	1,202	1,054	964	1,008	947	797	766	707	779	915	1,077
Total Assets	1,935	2,123	1,755	1,562	1,435	1,467	1,342	1,161	1,103	1,036	1,133	1,294	1,552

HBL Power Systems Ltd Reserves and Borrowings Chart

HBL Power Systems Ltd Cash Flow

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
Cash from Operating Activity	35	-36	79	158	43	159	167	149	121	62	122	273
Cash from Investing Activity	-35	156	-13	-10	60	-8	1	-6	-32	-17	-50	-139
Cash from Financing Activity	2	-115	-66	-153	-114	-150	-163	-114	-104	-22	10	-42
Net Cash Flow	1	5	-0	-5	-11	1	5	29	-14	23	82	91

HBL Power Systems Ltd Financial Efficiency Indicators

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
Debtor Days	111	114	122	106	120	122	103	105	102	102	86	83
Inventory Days	134	188	276	226	185	168	126	145	162	188	149	147
Days Payable	86	106	134	81	77	68	43	34	41	44	42	43
Cash Conversion Cycle	159	196	265	252	228	222	186	216	222	246	193	188
Working Capital Days	92	117	172	173	172	177	150	164	168	169	133	128
ROCE %	12%	12%	5%	8%	8%	8%	9%	6%	6%	4%	13%	14%

HBL Power Systems Ltd Financial Efficiency Indicators Chart

HBL Power Systems Ltd 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

HBL Power Systems Ltd Shareholding Pattern Chart

No. of HBL Power Systems Ltd Shareholders

HBL Power Systems Ltd 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	125,794	2024-07-23	0%
Groww Nifty Total Market Index Fund	314	0.03	0.01	125,794	2024-07-23	-99.75%

HBL Power Systems Ltd ROCE Trend

HBL Power Systems Ltd EPS Trend

HBL Power Systems Ltd 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.)	44.01	34.32	31.23	28.21	27.88
Book Value[Incl.RevalReserv]/Share (Rs.)	44.01	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	1.11	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	2.59	2.55	1.87	2.14
Dividend Payout Ratio (NP) (%)	0.00	11.23	10.33	20.19	63.73
Dividend Payout Ratio (CP) (%)	0.00	8.26	7.52	5.27	24.95
Earning Retention Ratio (%)	0.00	88.77	89.67	79.81	36.27
Cash Earning Retention Ratio (%)	0.00	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 (%)	0.00	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

HBL Power Systems Ltd Profitability Ratios (%)

HBL Power Systems Ltd Liquidity Ratios

HBL Power Systems Ltd Liquidity Ratios (%)

HBL Power Systems Ltd Interest Coverage Ratios (%)

HBL Power Systems Ltd Valuation Ratios

Fair Value

Fair Value: 707.40

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.

Undervalued: 12.46% compared to the current price 629

Intrinsic Value: 1,038.25

Calculation basis:

Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 65.06% compared to the current price 629

Last 5 Year EPS CAGR: 46.77%

*Investments are subject to market risks

Strength and Weakness of HBL Power Systems Ltd Stock

Strength	Weakness
The company has higher reserves (733.00 cr) compared to borrowings (364.33 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 8.75%, which may not be favorable. The stock has a high average Working Capital Days of 151.25, which may not be favorable. The stock has a high average Cash Conversion Cycle of 214.42, which may not be favorable.

FAQ

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

The latest fair value of HBL Power Systems Ltd is ₹707.40.

What is the Market Cap of HBL Power Systems Ltd?

The Market Cap of HBL Power Systems Ltd is 17,437 Cr..

What is the current Stock Price of HBL Power Systems Ltd as on 27 July 2024?

The current stock price of HBL Power Systems Ltd as on 27 July 2024 is 629.

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

In FY 2024, the High / Low of HBL Power Systems Ltd stocks is 685/173.

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

The Stock P/E of HBL Power Systems Ltd is 58.0.

What is the Book Value of HBL Power Systems Ltd?

The Book Value of HBL Power Systems Ltd is 44.0.

What is the Dividend Yield of HBL Power Systems Ltd?

The Dividend Yield of HBL Power Systems Ltd is 0.07 %.

What is the ROCE of HBL Power Systems Ltd?

The ROCE of HBL Power Systems Ltd is 34.4 %.

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.