Is HBL Engineering a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that HBL Engineering Ltd is a average quality company .

Is HBL Engineering undervalued or overvalued?

The key valuation ratios of HBL Engineering Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is HBL Engineering share price return in the past 10 years?

HBL Engineering Ltd share price has appreciated 37.5% annually (CAGR) over the past ten years.

Is HBL Engineering a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HBL Engineering Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

HBL Engineering Ltd - Stock Valuation and Financial Performance

Name: HBL Engineering
Brand: HBL Engineering

BSE: 517271 | NSE: HBLPOWER | Batteries | Small Cap

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HBL Engineering Share Price

₹537.75 -9.00 -1.65%
as on 21-Nov'24 16:00

10 Year X-Ray of HBL Engineering:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	7.4%	7.3%	8.1%	7.9%	6.6%	6.1%	3.8%	14.2%	13.6%	32.1%	-
Value Creation Index ⓘ	-0.5	-0.5	-0.4	-0.4	-0.5	-0.6	-0.7	0.0	0.0	1.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,330	1,288	1,407	1,593	1,261	1,077	909	1,222	1,350	2,209	2,231
Sales YoY Gr.	-	-3.1%	9.2%	13.2%	-20.8%	-14.6%	-15.6%	34.4%	10.5%	63.6%	-
Adj EPS ⓘ	0.6	0.2	1	1	0.6	0.4	0.4	2.6	3.2	10.1	10.9
YoY Gr.	-	-71.2%	482.4%	-1%	-38.8%	-33.3%	-2.5%	566.7%	22.7%	215.7%	-
BVPS (₹) ⓘ	23.2	24.7	26.7	27.4	28	28.2	28.6	31.5	34.5	43.5	48.5
Adj Net Profit ⓘ	15.1	4.2	27.3	27.1	16.6	11.2	10.8	72	88.4	279	302
Cash Flow from Ops. ⓘ	94.9	161	42.5	157	165	147	113	61	122	258	-
Debt/CF from Ops. ⓘ	7.2	3.4	11.2	2.3	1.4	1	0.5	0.8	0.6	0.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.8%	11.9%	34.4%	63.6%
Adj EPS ⓘ	37.1%	75.8%	195.6%	215.7%
BVPSⓘ	7.2%	9.2%	15%	26.1%
Share Price	37.5%	103.1%	121.6%	56%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	2.6	0.7	4	3.6	2.2	1.4	1.4	8.7	9.7	25.8	23.7
Op. Profit Mgn % ⓘ	11	10.5	9.2	7.9	7.6	7.3	7.5	11.1	10.9	19	20.6
Net Profit Mgn % ⓘ	1.1	0.3	1.9	1.7	1.3	1	1.2	5.9	6.6	12.6	13.5
Debt to Equity ⓘ	1.2	0.9	0.6	0.5	0.3	0.2	0.1	0.1	0.1	0	0
Working Cap Days ⓘ	282	262	238	223	256	262	278	206	211	156	91
Cash Conv. Cycle ⓘ	177	174	158	157	190	195	205	148	142	98	58

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.60%

Sales growth is growing at healthy rate in last 3 years 34.44%

Net Profit is growing at healthy rate in last 3 years 195.57%

Sales growth is good in last 4 quarters at 34.64%

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Latest Financials - HBL Engineering Ltd.

	Standalone	Consolidated
TTM EPS (₹)	10.9	11.8
TTM Sales (₹ Cr.)	2,231	2,250
BVPS (₹.) ⓘ	48.5	49.5
Reserves (₹ Cr.) ⓘ	1,317	1,345
P/BV ⓘ	11.27	11.04
PE ⓘ	50.28	46.23

From the Market
52 Week Low / High (₹)	330.50 / 723.80
All Time Low / High (₹)	0.26 / 723.80
Market Cap (₹ Cr.)	15,156
Equity (₹ Cr.)	27.7
Face Value (₹)	1
Industry PE ⓘ	31.7

Management X-Ray of HBL Engineering:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of HBL Engineering

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of HBL Engineering

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,330	1,288	1,407	1,593	1,261	1,077	909	1,221	1,350	2,209
Operating Expenses ⓘ	1,185	1,153	1,277	1,467	1,166	999	841	1,086	1,202	1,790
Manufacturing Costs	156	158	166	185	150	136	118	144	155	343
Material Costs	823	775	883	1,062	819	681	564	749	827	1,143
Employee Cost	93	98	93	91	81	84	77	90	99	129
Other Costs ⓘ	113	123	135	130	116	98	82	104	122	175
Operating Profit ⓘ	145	135	130	126	96	78	68	135	148	419
Operating Profit Margin (%)	10.9%	10.5%	9.2%	7.9%	7.6%	7.3%	7.5%	11.1%	10.9%	18.9%
Other Income ⓘ	17	13	17	23	13	17	9	14	18	17
Interest ⓘ	71	68	46	41	31	22	14	7	6	12
Depreciation ⓘ	51	50	48	46	44	40	38	35	34	39
Exceptional Items ⓘ	-15	-9	-3	-10	7	5	-5	11	1	-28
Profit Before Tax ⓘ	25	20	50	52	40	38	19	118	126	355
Tax ⓘ	11	12	16	23	15	14	5	29	31	91
Profit After Tax	15	8	34	30	25	24	15	89	96	264
PAT Margin (%)	1.1%	0.6%	2.4%	1.9%	2.0%	2.2%	1.6%	7.3%	7.1%	11.9%
Adjusted EPS (₹)	0.6	0.3	1.2	1.1	0.9	0.9	0.5	3.2	3.5	9.5
Dividend Payout Ratio (%)	35%	81%	20%	23%	33%	35%	67%	12%	13%	5%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	588	624	739	761	777	783	793	872	956	1,205
Share Capital ⓘ	25	25	28	28	28	28	28	28	28	28
Reserves ⓘ	562	599	712	733	749	755	765	844	928	1,178
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	625	520	456	343	215	140	57	47	66	35
Long Term Debt	199	104	26	5	6	0	10	28	38	16
Short Term Debt	427	415	430	338	209	140	47	19	28	19
Trade Payables	182	164	165	124	76	76	67	86	97	129
Others Liabilities ⓘ	203	172	143	163	150	159	144	175	236	372
Total Liabilities ⓘ	1,598	1,479	1,504	1,390	1,219	1,158	1,061	1,180	1,354	1,741
Fixed Assets
Gross Block	737	756	799	778	748	744	712	691	750	804
Accumulated Depreciation	293	341	382	415	428	443	435	428	434	459
Net Fixed Assetsⓘ	444	415	416	363	320	301	277	263	317	345
CWIP ⓘ	49	48	33	26	37	27	43	81	49	18
Investmentsⓘ	23	15	8	3	3	3	3	5	8	93
Inventories	509	393	404	364	321	303	284	302	331	429
Trade Receivables	409	442	489	467	379	317	274	308	324	386
Cash Equivalents	46	31	23	19	31	74	67	103	144	232
Others Assetsⓘ	118	136	130	148	127	132	113	119	181	238
Total Assets ⓘ	1,598	1,479	1,504	1,390	1,219	1,158	1,061	1,180	1,354	1,741

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	95	161	42	157	165	147	113	61	122	258
PBT ⓘ	25	20	50	52	40	38	19	118	126	355
Adjustment ⓘ	75	100	88	74	58	45	48	26	42	82
Changes in Working Capital ⓘ	-0	57	-88	57	84	78	46	-57	-10	-96
Tax Paid ⓘ	-5	-16	-8	-26	-18	-13	-1	-27	-36	-82
Cash Flow From Investing Activity ⓘ	-24	-15	61	-6	2	-3	-24	-17	-48	-120
Capex	-28	-18	-38	-10	-1	-7	-29	-20	-51	-39
Net Investments	0	-1	4	0	0	0	0	-2	-3	-88
Others ⓘ	4	4	94	4	3	4	4	5	6	6
Cash Flow From Financing Activityⓘ	-66	-152	-114	-149	-163	-114	-103	-22	8	-47
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-39	-54	-10	-19	-1	-12	1	20	17	-15
Interest Paid ⓘ	-13	-43	-37	-28	-21	-13	-7	-2	-4	-8
Dividend Paid ⓘ	-6	-6	-8	-8	-8	-17	-3	-10	-11	-12
Others ⓘ	-9	-49	-59	-93	-133	-71	-94	-30	7	-12
Net Cash Flow ⓘ	5	-6	-11	3	4	30	-14	22	82	91

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	2.49	1.29	4.97	3.95	3.27	3.09	1.85	10.74	10.45	24.41
ROCE (%)	7.42	7.26	8.07	7.93	6.62	6.14	3.81	14.15	13.58	32.14
Asset Turnover Ratio	0.85	0.91	1.03	1.12	0.97	0.91	0.82	1.09	1.07	1.43
PAT to CFO Conversion(x)	6.33	20.13	1.24	5.23	6.6	6.13	7.53	0.69	1.27	0.98
Working Capital Days
Receivable Days	110	111	111	107	122	118	119	87	85	59
Inventory Days	141	118	95	86	99	106	118	87	86	63
Payable Days	105	81	68	50	45	41	46	37	40	36

HBL Engineering Ltd Stock News

HBL Engineering Ltd FAQs

What is the share price of HBL Engineering?

Company share prices are keep on changing according to the market conditions. The closing price of HBL Engineering on 21-Nov-2024 16:00 is ₹537.8.

What is the market cap of HBL Engineering?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:00 the market cap of HBL Engineering stood at ₹15,155.6.

What is the P/E ratio of HBL Engineering?

The latest P/E ratio of HBL Engineering as of 21-Nov-2024 16:00 is 50.28.

What is the P/B ratio of HBL Engineering?

The latest P/B ratio of HBL Engineering as of 21-Nov-2024 16:00 is 11.27.

What is the 52-week high and low of HBL Engineering?

The 52-week high of HBL Engineering is ₹723.8 and the 52-week low is ₹330.5.

What is the TTM revenue of HBL Engineering?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HBL Engineering is ₹2,231 ( Cr.) .

About HBL Engineering Ltd

HBL Power Systems is the pioneer in the design, development and manufacture of specialized batteries and DC systems in India. It has more than 30 years of experience in the field of specialized batteries and DC power systems.

The company is the result of a merger between Hyderabad Batteries (1977) and SABNIFE Power Systems (1986). The company has its headquarters in Hyderabad, India with factories and sales offices in various parts of the country. HBL also has offices, distributors and agents all over the globe to cater to its ever-growing export business.

HBL is committed to improving global competitiveness by sharing knowledge, drive for innovation, growth, and investments in internationally benchmarked technology and niche products.

The companyâ€™s aim is to organize India's engineering talent into a globally competitive business, whether in manufacturing or in services.

Product Range:

Batteries - Nickel Cadmium, Lead Acid, Lithium and Silver Zinc
Electronics - Railway Electronics, Defence Electronics and Thyristor control Rectifiers
Others - Anti Infra Red Coating

Divisions:

HBL Rail - HBLRAIL, a unit of HBL Power Systems Limited is associated with the Indian Railways for over 25 years and has been a regular and approved supplier of batteries, power systems and electronic signaling products. It is a one stop shop for all railway signaling needs, starting from design, equipment supply to complete turnkey works contracts.
HBL Microwave - HBL Microwave is focused on defence electronics. Unlike batteries and railway products where almost all development was done in house, HBL has collaborated with companies abroad for most of its defence electronics products. Radar and Electronic warfare : Joint venture with ELTA, Israel.
HBL Batteries

Subsidiary:

HBL (UK)
HBL Power Systems (M) SDN BHD
Bhagirath Energy Systems (BES)

Certifications:

a) Nickel Cadmium :

Pocket Plate, Valve Regulated Pocket Plate, Fibre Plate - ISO 9001, ISO 14001, IEC 60623 Certification (CSA), Bump Test, Vibration Test, Seismic Test, IEC 60623 Certification and OHSAS 18001 Certification
Sintered Plate - ISO 9001

b) Silver Zinc - ISO 9001

c) Lead Acid - VRLA Single Cells, VRLA Monoblocks, LMLA, VRLA GEL - ISO 9001, ISO 14001, IEC 60896 Certification (CSA) for VRLA Single Cells , IEC 60896 and Certification (CSA) for Monoblocks

c) Lithium - ISO 9001

d) Electronics - Thyristor Control Rectifiers, DC-DC Convertors and Defence Chargers - ISO 9001.

In 2009 Hbl Power Systems sets up JV Company in Saudi Arabia to manufacture of Industrial Batteries.