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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 540136 | NSE: HPL

Fundamental Analysis of HPL Electric & Power Ltd

Basic Stock Data of HPL Electric & Power Ltd

Last Updated: June 17, 2024, 8:31 pm

Market Cap 2,812 Cr.
Current Price 437
High / Low462/108
Stock P/E64.6
Book Value 129
Dividend Yield0.23 %
ROCE11.0 %
ROE5.37 %
Face Value 10.0
PEG Ratio4.77

Competitors of HPL Electric & Power Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Calcom Vision Ltd 178 Cr. 132205/118135 56.60.00 %6.48 %1.89 % 10.0
Dixon Technologies (India) Ltd 69,905 Cr. 11,68411,747/3,953190 2830.03 %28.7 %24.7 % 2.00
Havells India Ltd 1,20,185 Cr. 1,9171,987/1,23395.2 1190.47 %24.4 %18.0 % 1.00
MIRC Electronics Ltd 500 Cr. 21.630.7/15.0 5.560.00 %18.7 %39.0 % 1.00
Pulz Electronics Ltd 116 Cr. 106205/56.014.0 26.80.00 %52.3 %39.6 % 10.0
Industry Average27,355.60 Cr1,926.96106.15118.170.15%18.45%16.30%5.70

HPL Electric & Power Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales244308129280280325296302302363321350366
Expenses209264119247243280258264265318281303316
Operating Profit35441032374638383745404750
OPM %14%14%8%12%13%14%13%13%12%12%12%13%14%
Other Income1111111111111
Interest16161717171718191920222222
Depreciation111212121212111088999
Profit before tax817-17591710101017111719
Tax %-5%17%-14%-1%-1%22%35%35%35%36%36%35%37%
Net Profit814-2059146661171112
EPS in Rs1.302.19-3.100.771.442.100.980.980.991.751.081.711.86

Last Updated: June 11, 2024, 2:49 am

HPL Electric & Power Ltd Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 1, 2024, 12:23 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7219111,0111,0471,1169861,0361,1589778751,0141,2621,400
Expenses6388019069229758629261,0258517568891,1051,218
Operating Profit83111105125141124110134126119125157182
OPM %12%12%10%12%13%13%11%12%13%14%12%12%13%
Other Income3455554444444
Interest41625970786851586164687586
Depreciation7111316192423323745473835
Profit before tax38423844483740483114144764
Tax %25%25%25%21%24%30%32%32%28%27%44%35%
Net Profit2831283537262833221083041
EPS in Rs15.7916.9215.2818.647.894.014.275.063.391.551.214.696.40
Dividend Payout %1%1%1%1%1%37%23%4%4%10%12%21%

HPL Electric & Power Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)10.71%-9.68%25.00%5.71%-29.73%7.69%17.86%-33.33%-54.55%-20.00%275.00%
Change in YoY Net Profit Growth (%)0.00%-20.39%34.68%-19.29%-35.44%37.42%10.16%-51.19%-21.21%34.55%295.00%

HPL Electric & Power Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:5%
3 Years:19%
TTM:16%
Compounded Profit Growth
10 Years:4%
5 Years:6%
3 Years:64%
TTM:44%
Stock Price CAGR
10 Years:%
5 Years:43%
3 Years:93%
1 Year:294%
Return on Equity
10 Years:4%
5 Years:3%
3 Years:3%
Last Year:5%

Last Updated: May 31, 2024, 6:27 am

Balance Sheet

Last Updated: June 1, 2024, 12:23 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital18191919466464646464646464
Reserves223263291300308624640664684694700729747
Preference Capital000000141516171819
Borrowings339367424514579376472511570565579581639
Other Liabilities188260252308405363345281250267294327339
Total Liabilities7689089861,1411,3381,4271,5211,5211,5691,5901,6381,7011,790
Fixed Assets175213277307335399425453494464447451458
CWIP66532903007321099
Investments151515155400000000
Other Assets5136276648199471,0281,0951,0601,0721,1241,1811,2411,323
Total Assets7689089861,1411,3381,4271,5211,5211,5691,5901,6381,7011,790

HPL Electric & Power Ltd Reserves and Borrowings Chart

HPL Electric & Power Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -16634627103320836385101104
Cash from Investing Activity -45-33-49-39-92-51-59-57-60-8-41-40
Cash from Financing Activity 79-24-220-144940-29-3-71-58-74
Net Cash Flow175-68-312-3-062-10

HPL Electric & Power Ltd Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow83.00111.00105.00125.00141.00124.0096.00119.00110.00102.00107.00138.00

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.

HPL Electric & Power Ltd Free Cash Flow Chart

HPL Electric & Power Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days110108118140168174165148173214182174
Inventory Days153149132157156211227199262293283211
Days Payable10711798125164148154104104126128100
Cash Conversion Cycle156140152173160236237244332381337285
Working Capital Days146134139160163210224215275315288250
ROCE %16%17%14%15%14%11%8%9%7%6%6%9%

HPL Electric & Power Ltd Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%
FIIs0.00%0.00%0.00%0.08%0.01%0.00%0.06%0.43%0.02%0.43%0.00%0.00%
DIIs3.51%1.71%1.26%1.26%1.26%1.26%1.26%0.82%0.31%0.24%0.23%0.23%
Public23.83%25.63%26.08%26.00%26.07%26.08%26.03%26.09%27.02%26.68%27.12%27.12%
No. of Shareholders51,16353,27861,79166,12767,24866,98965,87266,12465,65664,21573,57578,511

HPL Electric & Power Ltd Shareholding Pattern Chart

No. of HPL Electric & Power Ltd Shareholders

This stock is not held by any mutual fund

HPL Electric & Power Ltd ROCE Trend

HPL Electric & Power Ltd EPS Trend

HPL Electric & Power Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.784.691.211.553.39
Diluted EPS (Rs.)6.784.691.211.553.39
Cash EPS (Rs.)12.8010.678.548.559.23
Book Value[Excl.RevalReserv]/Share (Rs.)129.10123.69119.17118.20116.69
Book Value[Incl.RevalReserv]/Share (Rs.)129.10123.69119.17118.20116.69
Revenue From Operations / Share (Rs.)227.19196.30157.69136.09151.87
PBDIT / Share (Rs.)30.5424.9520.1119.1420.14
PBIT / Share (Rs.)24.5318.9812.7912.1514.32
PBT / Share (Rs.)10.597.262.172.134.76
Net Profit / Share (Rs.)6.784.701.211.563.41
NP After MI And SOA / Share (Rs.)6.784.691.211.553.39
PBDIT Margin (%)13.4412.7112.7514.0613.25
PBIT Margin (%)10.799.678.118.929.42
PBT Margin (%)4.663.691.371.563.13
Net Profit Margin (%)2.982.390.761.142.24
NP After MI And SOA Margin (%)2.982.390.761.132.22
Return on Networth / Equity (%)5.253.801.011.312.90
Return on Capital Employeed (%)16.4313.889.719.4111.13
Return On Assets (%)2.321.770.470.621.38
Long Term Debt / Equity (X)0.100.030.050.030.04
Total Debt / Equity (X)0.750.720.710.700.74
Asset Turnover Ratio (%)0.810.750.630.540.61
Current Ratio (X)1.511.461.441.421.38
Quick Ratio (X)0.880.870.790.830.78
Inventory Turnover Ratio (X)1.881.691.411.241.41
Dividend Payout Ratio (NP) (%)0.003.1912.409.685.90
Dividend Payout Ratio (CP) (%)0.001.401.751.752.17
Earning Retention Ratio (%)0.0096.8187.6090.3294.10
Cash Earning Retention Ratio (%)0.0098.6098.2598.2597.83
Interest Coverage Ratio (X)2.192.131.891.912.11
Interest Coverage Ratio (Post Tax) (X)1.491.401.111.161.36
Enterprise Value (Cr.)2599.471071.00898.39794.67647.00
EV / Net Operating Revenue (X)1.780.840.880.900.66
EV / EBITDA (X)13.246.686.956.465.00
MarketCap / Net Operating Revenue (X)1.390.420.400.350.14
Retention Ratios (%)0.0096.8087.5990.3194.09
Price / BV (X)2.460.680.530.410.18
Price / Net Operating Revenue (X)1.390.420.400.350.14
EarningsYield0.020.050.010.030.15

HPL Electric & Power Ltd Profitability Ratios (%)

HPL Electric & Power Ltd Liquidity Ratios

HPL Electric & Power Ltd Liquidity Ratios (%)

HPL Electric & Power Ltd Interest Coverage Ratios (%)

HPL Electric & Power Ltd Valuation Ratios

Fair Value

Fair Value: 448.53

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: 2.64% compared to the current price 437

Intrinsic Value: 509.32

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: 16.55% compared to the current price ₹437

Last 5 Year EPS CAGR: 13.55%

*Investments are subject to market risks

Strength and Weakness of HPL Electric & Power Ltd Stock

StrengthWeakness
  1. The company has higher reserves (528.23 cr) compared to borrowings (7.62 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (344.46 cr) and profit (38.85 cr) over the years.
  1. The stock has a low average ROCE of 11.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 209.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 236.08, which may not be favorable.

Should I Buy HPL Electric & Power Ltd Share Now?

  • 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 HPL Electric & Power Ltd:
    1. Net Profit Margin: 2.98%
      • 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: 16.43% (Industry Average ROCE: %)
      • 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%: 5.25% (Industry Average ROE: %)
      • 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): 1.49
      • 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: 0.88
      • 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: 64.6 (Industry average Stock P/E: )
      • 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: 0.75
      • 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 - HPL Electric & Power Ltd

HPL Electric & Power Ltd. is a Public Limited Listed company incorporated on 28/05/1992 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1992PLC048945 and registration number is 048945. Currently Company is involved in the business activities of Manufacture of measuring, testing, navigating and control equipment. Company’s Total Operating Revenue is Rs. 1004.28 Cr. and Equity Capital is Rs. 64.30 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Consumer Electronics1/20, Asaf Ali Road, New Delhi Delhi 110002hpl@hplindia.com
http://www.hplindia.com
Management
NamePosition Held
Ms. Lalit SethChairman & Wholetime Director
Ms. Rishi SethManaging Director
Mr. Gautam SethJoint Managing Director & CFO
Mr. Hargovind SachdevIndependent Director
Dr. Rashmi VijIndependent Director
Mr. Dhruv GoyalIndependent Director

FAQ

What is the latest fair value of HPL Electric & Power Ltd?

The latest fair value of HPL Electric & Power Ltd is ₹448.53.

What is the Market Cap of HPL Electric & Power Ltd?

The Market Cap of HPL Electric & Power Ltd is 2,812 Cr..

What is the current Stock Price of HPL Electric & Power Ltd as on 25 June 2024?

The current stock price of HPL Electric & Power Ltd as on 25 June 2024 is ₹437.

What is the High / Low of HPL Electric & Power Ltd stocks in FY 2024?

In FY 2024, the High / Low of HPL Electric & Power Ltd stocks is 462/108.

What is the Stock P/E of HPL Electric & Power Ltd?

The Stock P/E of HPL Electric & Power Ltd is 64.6.

What is the Book Value of HPL Electric & Power Ltd?

The Book Value of HPL Electric & Power Ltd is 129.

What is the Dividend Yield of HPL Electric & Power Ltd?

The Dividend Yield of HPL Electric & Power Ltd is 0.23 %.

What is the ROCE of HPL Electric & Power Ltd?

The ROCE of HPL Electric & Power Ltd is 11.0 %.

What is the ROE of HPL Electric & Power Ltd?

The ROE of HPL Electric & Power Ltd is 5.37 %.

What is the Face Value of HPL Electric & Power Ltd?

The Face Value of HPL Electric & Power Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in HPL Electric & Power Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE