HBL Engineering share price today

HBL Engineering Ltd's share price was ₹839.25 at the close on 6 November 2026. It has been falling for 11 weeks. That is 11.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹642 and ₹1,041, and at that close it sat 49% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today HBL Engineering Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 7 weeks in a row.

Over the last 11 years the share price moved +2,298% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit fell in the June 2026 quarter, operating margin down 9 points on a year earlier and revenue up on a year earlier for 5 quarters in a row.

1. Profit fell in the June 2026 quarter

   Profit was ₹109 crore, -23.8% on a year earlier (₹143 crore), after 4 quarters of growth.

2. Operating margin down 9 points on a year earlier

   23% in the June 2026 quarter, from 32%.

3. Revenue up on a year earlier for 5 quarters in a row

   In the June 2026 quarter revenue was ₹638 crore, +6% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), HBL Engineering reported revenue of ₹638 crore, up 6.0% from ₹602 crore a year earlier, and a profit of ₹109 crore, down 23.8% from ₹143 crore.

HBL Engineering results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

HBL Engineering closed at ₹839.25 on 6 November 2026, down 14.3% from ₹979.20 a year earlier (7 November 2025) and up 1,523.3% over five years. Its highest weekly close since March 2016 was ₹1,041.30 on 14 November 2025.

HBL Engineering share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

560 weekly closes from 11 March 2016 to 6 November 2026.

6 Nov 2026: HBL Engineering closed at ₹839.25, up 5.0% on the week and up 16.7% on the month. 11 Sep 2026: ex-date for a dividend of ₹1 a share.

Earlier

• Results for April to June 2026: Revenue up 6.0% and profit down 23.8% on a year earlier.
• 13 Feb 2026: ex-date for an interim dividend of ₹2 a share.

HBL Engineering paid ₹3 a share in regular dividends in the 12 months to 7 November 2026 (2 payments), a yield of 0.36% at the ₹839.25 close on 6 November 2026. The last was a dividend of ₹1 a share, ex-date 11 September 2026.

HBL Engineering dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. HBL Engineering Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

HBL Engineering is on one of our India lists: Small & mid cap stocks.

HBL Engineering Ltd earned ₹109 Cr of net profit in the Jun 2026 quarter, −23.8% on the same quarter a year earlier. Full-year FY26 profit was ₹814 Cr. Over 10 years profit has grown 49.1% a year on average. That is 17.1% of the quarter's revenue. The same quarter a year earlier earned ₹143 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹814 Cr (+194.9% on the year before).

Why profit moved: revenue changed +6.0% on a year earlier and the margin moved −9.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +150.4% and revenue +65.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

HBL Engineering Ltd reported ₹638 Cr of revenue in the Jun 2026 quarter, +6.0% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 9.8% a year on average. The last full year, FY26, came in at ₹3,303 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹3,339 Cr.

FY26 revenue was ₹3,303 Cr, +67.9% on the year before.

Recent pace: the last four quarters grew +65.3% on average, against 9.8% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +62.9%, against +20.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +129.4%, against +59.1% a year (accelerating).

HBL Engineering Ltd's operating margin was 23.0% in the Jun 2026 quarter, 9.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 7.0% and 34.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −8.9 percentage points on the year while gross margin changed −5.2 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 92% of HBL Engineering Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹738 Cr of operating cash against ₹814 Cr of profit. After ₹154 Cr of spending on assets, ₹584 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 92% of profit came in as cash: the cash cycle got 75 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.5× depreciation over three years. The next section checks what that spending is building.

HBL Engineering Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 171 days in FY26, down from 246 days in FY21. It spent ₹334 Cr on assets over the last 3 years. Customers take 71 days to pay, and stock sits for 148 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹3,303 Cr, each day of that cycle ties up about ₹9.0 Cr, so roughly ₹1,547 Cr is tied up in the business at any time.

FY26: customers took 71 days to pay and stock sat for 148 days, about 4.9 months of sales sitting as stock, for a full cycle of 171 days, shorter than FY21's 246.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 148 days. Customers pay about 71 days after that. Suppliers are paid at 49 days. Together that makes the 171-day cycle.

Spending on assets: ₹334 Cr over the last 3 years, against ₹136 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹127 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

HBL Engineering Ltd's P/E is 29.0×, near the low end of its own history: it has been lower only 33% of the time. Its usual P/E (the middle reading) is 37.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹28.17.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.