H

HBL Engineering Ltd.

HBLENGINENSE
Market snapshot · 2026-08-12 12:38 UTC

691.50

₹-3.75 (-0.54%)

MARKET CAP

₹19.17K Cr

STOCK P/E

24.6x

52W HIGH

₹1,122.00

52W LOW

₹613.00

BOOK VALUE

₹80.58

EPS

₹28.16

ROE

SECTOR

Industrials

DEBT/EQUITY

3.02

VOLUME

6.13L

P/B RATIO

8.58x

PEG RATIO

Sector

Industrials

Themes

BatteriesEv
D
Dividend
₹1,038.62₹939.48₹840.33₹741.19₹642.05VolumeDDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

HBL Engineering is an industrial battery and electronics manufacturer serving Indian and international markets. Industrial batteries and Electronics drove recent growth, while Defense and Aviation batteries add specialized demand. Revenue rose 67.9%, and profit increased 194.3%, led by these segments, with improving margins indicating operating leverage. Debt-to-equity of 3.02 means leverage amplifies ROE, although ROE is unavailable. Earnings quality is improving as margin expansion accompanies sharply higher revenue and profit. At 24.6x earnings, valuation appears fair versus growth, but elevated leverage remains the key balance-sheet risk. Future returns depend on sustaining Industrial Batteries and Electronics momentum without renewed debt pressure.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for HBLENGINE.

Coverage check

Price Forecast

Current
₹691.50
High Target
Median Target
Low Target
Now₹691.50Aug '25Now12M Target
Price history (1Y)
Analyst target range

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹506.74 - ₹897.5180%
6M₹439.03 - ₹985.3180%
12M₹353.21 - ₹1,10880%
Realized vol: +44.6% · Drift: -0.1%

Revenue Forecast

₹ Cr
Jun '26Current₹620.0
Sep 2026 ETrend estimate range
High₹1,841.1Base₹1,704.7Low₹1,568.3
Sep '25: ₹1,203.0 · Dec '25: ₹864.0 · Mar '26: ₹597.0 · Jun '26: ₹620.0 · Sep '26: ₹1,704.7 · Dec '26: ₹1,224.3
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E1,203.0864.0597.0620.01,704.71,224.3
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹3.80
Sep 2026 ETrend estimate range
High₹23.17Base₹20.69Low₹18.20
Sep '25: ₹13.79 · Dec '25: ₹7.85 · Mar '26: ₹2.06 · Jun '26: ₹3.80 · Sep '26: ₹20.69 · Dec '26: ₹11.77
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E13.797.852.063.8020.6911.77
PastCurrentTrend estimate: Low / Base / High
Analyst price target unavailable from FMP/yfinance. Analyst pillar unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
54%
Analyst Consensus
Unavailable

Analyst coverage unavailable

Mean upsideNot available

Fundamentals

Weakening

Fundamentals institutional score is 28 using growth durability 27.9.

Valuation

Fairly valued

Valuation institutional score is 55 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Unavailable

No usable analyst target or recommendation data was available.

Technical Structure

Mixed Momentum

Technicals institutional score is 51 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is skewing constructive on impact and recency. Based on 1 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. market sentiment provide support, while fundamentals and technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Fairly valuedTechnical Structure Mixed MomentumMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target PriceUnavailable
Mean UpsideNot available
Technical Score51%
Fundamental Score28%
Data CoverageMedium

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 17.5% above historical median. Valuation is rising — currently in the fair zone (z-score: +0.53). Confidence: 71%.

Forward Valuation Outlook

Forward outlook is unavailable because live next-12-month estimate data is not available for this ticker right now.

P/E
Fair

5Y Average

14.46

Current

24.65

Overvalued

26.21

Undervalued

17.27

EV/EBITDA
Strongly Overvalued

5Y Average

10.25

Current

17.48

Overvalued

15.50

Undervalued

2.49

P/B
Strongly Undervalued

5Y Average

11.11

Current

8.63

Overvalued

12.34

Undervalued

9.56

Peers & Comparison

Sector: Industrials · Theme: Batteries

Batteries Peers6 peers
Avg P/E: 59.6x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
+23.9%6.3%
19.2x
Undervalued
-68% vs avg
+1.3%
EXIDE INDUSTRIES LTD
EXIDEINDBatteries
+17.7%4.9%
44.7x
Undervalued
-25% vs avg
+28.7%
HEG LTD
HEGElectrical Components & Equipments
+10.4%13.6%
36.4x
Undervalued
-39% vs avg
+34.8%
GRAPHITE INDIA LTD
GRAPHITEElectrical Components & Equipments
+26.6%7.0%
66.7x
Fair
+12% vs avg
+35.6%
+19.8%2.4%
126.8x
Premium
+113% vs avg
+31.1%
OLECTRA GREENTECH LIMITED
OLECTRAElectrical Components & Equipments
+43.3%2.0%
64.0x
Fair
+7% vs avg
-5.8%
WHY THESE PEERS

HBL ENGINEERING LTD trades at a discount (24.6x vs peer avg 59.6x), suggesting potential undervaluation relative to the Batteries cohort. Peers include AMARA RAJA ENERGY MOB LTD, EXIDE INDUSTRIES LTD, HEG LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹620 CrJun 2026

Latest net profit

₹105 CrJun 2026

Latest EPS

₹3.80Jun 2026

Net margin

22.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%15.0%30.0%45.0%60.0%0.00 Cr350 Cr700 Cr1.05K Cr1.40K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr350 Cr700 Cr1.05K Cr1.40K Cr₹0₹4₹8₹12₹16
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr200 Cr400 Cr600 Cr800 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr750 Cr1.50K Cr2.25K Cr3.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +4585515956045115204554605881,203864597620
Expenses +384450483473403411360382399666563522481
Operating Profit75101111131108109957818953730175139
OPM %16%18%19%22%21%21%21%17%32%45%35%13%22%
Other Income +331-195121717-810920
Interest2334224363225
Depreciation9101010101111111112121412
Profit before tax66919998101108827118851529768142
Tax %27%25%23%28%27%26%25%27%26%26%27%16%26%
Net Profit +496976717480615114038221857105
EPS in Rs1.752.472.752.552.682.902.221.855.0413.797.852.063.80
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +59.10%59.11%59.11%59.11%59.11%
FIIs +4.83%7.10%5.87%5.94%5.62%
DIIs +0.36%0.64%0.82%0.79%0.97%
Public +35.70%33.12%34.20%34.17%34.28%
Others0.01%0.03%0.02%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Record Date For Dividend

Aug 08, 2026PDFCompany Reports Open

Statement Of Deviation Of Funds For The Quarter June 30, 3036

Aug 08, 2026PDFCompany Reports Open

Board Meeting Outcome for Financial Results Of The Company For The Quarter Ending June 30 2026

Aug 08, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Aug 03, 2026PDFCompany Reports Open

Board Meeting Intimation for Notice Of Board Meeting

Jul 30, 2026PDFCompany Reports Open