600% Returns in 3 Years! Company Bags Order Worth Rs 240 Crore; 20 Percent Market Share in Domestic Electric Meters

HPL Electric and Power have successfully secured a Rs 240 crore order for smart meters from an Advanced Metering Infrastructure Service Provider (AMISP), further strengthening their robust order pipeline. This achievement highlights HPL’s ongoing success in the dynamic smart meter sector. The company is optimistic about the stability and growth that this order brings to HPL in the smart metering industry.

HPL Electric & Power Limited is the country’s leading electrical equipment manufacturing company, which has been working for the last four decades. The company manufactures modular switches, switchgear, metering solutions, LED lighting, wires, and other products.

The company’s products are sold to electric utility companies, government agencies, retail and institutional customers.

It has seven manufacturing facilities and 21 warehouses with full capacities across India. Additionally, the company has 2 R&D facilities in Gurugram and Kundli with over 100 engineers.

It has a pan-India distribution network and over 900 authorized dealers and 45,000 retailers across the country, which the company plans to expand to 1 lakh retailers by 2025.

Market Share

  • The company is the largest manufacturer of on-load change-over switches and 50% of on-load change-over switches used in the domestic market are manufactured by this company alone.
  • The company has a 20% market share in domestic electricity meters.
  • 5% of the low-voltage switchgear used in the country is manufactured by them.
  • It is the 5th largest LED manufacturer in the country.
Smart electric meters
Smart electric meters

HPL Electric & Power Ratios:

Market Cap₹ 1,807 Cr.
Current Price₹ 281
High / Low₹ 326 / 74.1
Intrinsic Valuev₹ 111
Book Value₹ 126
Face Value₹ 10
PEG Ratio27.5
EPS₹ 5.53
Stock P/E50.8
Industry PE42.2
Dividend Yield0.36 %
ROCE8.85 %
ROE3.87 %
Debt₹ 639 Cr.
Debt to equity0.79
Reserves₹ 747 Cr.
Cash Equivalents₹ 66.0 Cr.
Inventory₹ 540 Cr.
Current liabilities₹ 872 Cr.
Current assets₹ 1,291 Cr.

HPL Electric & Power Share Compound Performance

PeriodAbsolute ReturnsReturns on ₹10kCAGR
1 Year167%₹26 Thousand167.14%
2 Years275%₹37 Thousand93.58%
3 Years593%₹69 Thousand90.62%
4 Years521%₹62 Thousand57.88%
5 Years369%₹46 Thousand36.24%
6 Years87%₹18 Thousand11.02%
7 Years139%₹23 Thousand13.23%
MAX48%₹14 Thousand5.56%

HPL Electric & Power Share Year-wise Performance

YearOpenCloseGain/ Fall

HPL Electric & Power Limited Profit & Loss

Profit & LossMar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit134126119125157169
OPM %12%13%14%12%12%13%
Net Profit33221083036
EPS in Rs5.063.391.551.214.695.53

HPL Electric & Power Limited Shareholding Patterns

Shareholding PatternSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
5/5 - (1 vote)

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