# HPL Electric & Power share price today (HPL Electric & Power Ltd, NSE: HPL)

> HPL Electric & Power share price today: ₹238.02 at the NSE close on 3 November 2026, down 45.8% in a year. HPL Electric & Power (NSE: HPL) is worth ₹1,529 crore, trades at a P/E of 16.0 and has closed between ₹225.75 and ₹457.25 over the past 52 weeks. > HPL Electric & Power Ltd's share price has fallen more than its earnings. Earnings per share fell 2.9% in a year while the price moved −45.8%. HPL · Capital Goods - Electric General · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/hpl-electric-power-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Slowing from a peak, from the last 12 quarters
- Price: ₹238.02 (−45.8% in a year)
- P/E: 16.0× (lower than 76% of the last 10 years)
- Revenue (Jun 2026): ₹515 Cr (+34.5% on a year ago)
- Profit (Jun 2026): ₹19.0 Cr (+5.6% on a year ago)
- Operating margin: 12.0% (−3.0 points on a year ago)
- ROCE: 13%, FY26
- ROIC: 9.4%, against a 12.0% cost of capital: −2.6 points

The main question: yearly earnings per share moved −2.9% while the share price moved −45.8%. ## What is the HPL Electric & Power share price today? HPL Electric & Power Ltd's share price was ₹238.02 at the close on 3 November 2026. It has been falling for 56 weeks. That is 28.2% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 20 weeks running. In the last 52 weeks it traded between ₹226 and ₹457, and at that close it sat 5% of the way up from that low. Over the last 10 years the share price moved +34% while the NIFTY 500 moved +191%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 25 June 2026. 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. ## What changed at HPL Electric & Power this quarter? Two changes stood out: lowest operating margin in 12 quarters and revenue up on a year earlier for 4 quarters in a row. 1. Lowest operating margin in 12 quarters Operating margin was 12% in the June 2026 quarter, against 15% a year earlier. Why: Margins fell because industrial plastics and metals cost more, and some meter prices were fixed before those costs rose. Next results: check whether price rises and product redesign start to make up for higher plastics and metals costs. From the earnings call on 11 Aug 2026. 2. Revenue up on a year earlier for 4 quarters in a row In the June 2026 quarter revenue was ₹515 crore, +34.5% on a year earlier. Why: Revenue rose because the consumer and industrial business grew fast, led by wires and cables, lighting and switchgear. Next results: check whether the wider consumer and industrial business turns more sales into profit, not just wires and cables. From the earnings call on 11 Aug 2026. ## What are HPL Electric & Power's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), HPL Electric & Power reported revenue of ₹515 crore, up 34.5% from ₹383 crore a year earlier, and a profit of ₹19.0 crore, up 5.6% from ₹18.0 crore. ### HPL Electric & Power results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹515 crore | ₹383 crore | +34.5% |
| Profit | ₹19.0 crore | ₹18.0 crore | +5.6% |
| Earnings per share | ₹2.90 | ₹2.87 | +1.0% |
| Operating margin | 12.0% | 15.0% | −3.0 points |

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). HPL Electric & Power's management discussed these results on a call held on 11 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the HPL Electric & Power share price history? HPL Electric & Power closed at ₹238.02 on 3 November 2026, down 45.8% from ₹439.20 a year earlier (31 October 2025) and up 250.5% over five years. Its highest weekly close since October 2016 was ₹658.65 on 23 August 2024. ### HPL Electric & Power share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹227.60 | +4.6% |
| 1 month ago · 1 Oct 2026 | ₹267.20 | −10.9% |
| 6 months ago · 30 Apr 2026 | ₹357.60 | −33.4% |
| 1 year ago · 31 Oct 2025 | ₹439.20 | −45.8% |
| 3 years ago · 3 Nov 2023 | ₹194.15 | +22.6% |
| 5 years ago · 4 Nov 2021 | ₹67.90 | +250.5% |
| 10 years ago · 4 Nov 2016 | ₹163.55 | +45.5% |
| Earliest weekly close in our records · 7 Oct 2016 | ₹177.70 | +33.9% |
| Highest weekly close since October 2016 · 23 Aug 2024 | ₹658.65 | −63.9% |
| Lowest weekly close since October 2016 · 27 Mar 2020 | ₹21.05 | +1,030.7% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹457.25 | −47.9% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹225.75 | +5.4% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (530 weekly closes from 7 October 2016 to 3 November 2026.)

## What is the latest news on HPL Electric & Power? 3 Nov 2026: HPL Electric & Power closed at ₹238.02, up 4.6% on the week and down 10.9% on the month. 17 Sep 2026: ex-date for a dividend of ₹1 a share. ### Earlier

- 11 Aug 2026: HPL Electric & Power held its results call for April to June 2026. Management guided: C&I revenue: high double-digit growth over the next 12-18 months, led by wires and cables, MCBs, switches and lighting. - Results for April to June 2026: Revenue up 34.5% and profit up 5.6% on a year earlier. ## What dividend does HPL Electric & Power pay? HPL Electric & Power paid ₹1 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.42% at the ₹238.02 close on 3 November 2026. The last was a dividend of ₹1 a share, ex-date 17 September 2026. ### HPL Electric & Power dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 17 Sep 2026 | ₹1 | Dividend |
| 22 Sep 2025 | ₹1 | Dividend |
| 23 Sep 2024 | ₹1 | Dividend |
| 22 Sep 2023 | ₹1 | Dividend |
| 22 Sep 2022 | ₹0.15 | Dividend |
| 22 Sep 2021 | ₹0.15 | Dividend |

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. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. HPL Electric & Power Ltd paid out 7% 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 4 November 2026.)

## What did HPL Electric & Power management say on the latest results call? On the call for April to June 2026, held on 11 August 2026, HPL Electric & Power's management guided: C&I revenue: high double-digit growth over the next 12-18 months, led by wires and cables, MCBs, switches and lighting. > “On a conservative basis, for the immediate period, this quarter could be viewed as a more conservative level. Although we are looking to improve our margins, it could take some time, perhaps another quarter or more. For now, the levels at which we are operating would be the baseline for us, although efforts are being made to increase and enhance them further.”
> Gautam Seth, Joint Managing Director & CFO, on the call for April to June 2026

### What management guided

- Smart-metering revenue: steady growth through this year, next year and the next 3-5 years. - Smart-metering order execution: typically 1.5-2 years, with pace dependent on AMISP execution. - Metering margins: improvement remains the aim, but current operating levels are a conservative near-term baseline; recovery may take another quarter or more. - C&I margins: improvement by Q3 possible if copper and other input prices remain near current levels. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/5951/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 11 August 2026.)

## What to watch in HPL Electric & Power's next results? When HPL Electric & Power reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Metering margin recovery - check whether pricing, redesign and tender repricing begin offsetting industrial-plastics and metals pressure. - What to check (from the call)
- Metering margin recovery - check whether pricing, redesign and tender repricing begin offsetting industrial-plastics and metals pressure. - C&I momentum - check whether channel expansion converts volume growth into broader earnings contribution beyond wires and cables. - AMISP execution cadence - check whether finalized customer orders translate into metering shipments without tender-related disruption. - Water-meter commercialization - check for approvals, technology stabilization and first meaningful commercial volumes. ## Which stock lists is HPL Electric & Power on? HPL Electric & Power is on one of our India lists: 52 week high & low. [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)

## Is HPL Electric & Power profitable? HPL Electric & Power Ltd earned ₹19.0 Cr of net profit in the Jun 2026 quarter, +5.6% on the same quarter a year earlier. Full-year FY26 profit was ₹91.0 Cr. Over 10 years profit has grown 9.4% a year on average. That is 3.7% of the quarter's revenue. The same quarter a year earlier earned ₹18.0 Cr. For the full year, FY26 profit was ₹91.0 Cr (−3.2% on the year before). Why profit moved: revenue changed +34.5% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +0.1% and revenue +15.9%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does HPL Electric & Power make, and is it growing? HPL Electric & Power Ltd reported ₹515 Cr of revenue in the Jun 2026 quarter, +34.5% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 5.0% a year on average. The last full year, FY26, came in at ₹1,811 Cr. The last four reported quarters add to ₹1,943 Cr. FY26 revenue was ₹1,811 Cr, +6.5% on the year before. Recent pace: the last four quarters grew +15.9% on average, against 5.0% 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 +15.0%, against +12.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −3.2%, against +30.5% a year (rolling over). ## How much of every ₹100 of sales does HPL Electric & Power keep? HPL Electric & Power Ltd's operating margin was 12.0% in the Jun 2026 quarter, 3.0 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 10.0% and 16.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −2.9 percentage points on the year while gross margin changed −7.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged. 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. ## Is HPL Electric & Power's profit turning into cash? Over the last 3 years, 203% of HPL Electric & Power Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹226 Cr of operating cash against ₹91.0 Cr of profit. After ₹212 Cr of spending on assets, ₹14.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 203% of profit came in as cash: the cash cycle got 160 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 2.4× depreciation over three years. The next section checks what that spending is building. ## Where does HPL Electric & Power's cash go? HPL Electric & Power Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 221 days in FY26, down from 381 days in FY21. It spent ₹339 Cr on assets over the last 3 years. Customers take 154 days to pay, and stock sits for 236 days on average. At FY26 sales of ₹1,811 Cr, each day of that cycle ties up about ₹5.0 Cr, so roughly ₹1,097 Cr is tied up in the business at any time. FY26: customers took 154 days to pay and stock sat for 236 days, about 7.8 months of sales sitting as stock, for a full cycle of 221 days, shorter than FY21's 381. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 236 days. Customers pay about 154 days after that. Suppliers are paid at 169 days. Together that makes the 221-day cycle. Spending on assets: ₹339 Cr over the last 3 years, against ₹144 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 ₹41.0 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. ## What is HPL Electric & Power's P/E ratio, and how does it compare with its own history? HPL Electric & Power Ltd's P/E is 16.0×, near the low end of its own history: it has been lower only 24% of the time. Its usual P/E (the middle reading) is 26.1×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. 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 ₹14.18. 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. Why the multiple is where it is: over the past year earnings per share moved −2.9% while the price moved −45.8%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +28.5% a year; about +58.6% a year came from earnings growth and about −30.1 percentage points from the multiple (the market paying less); over 10 years the price moved +3.8% a year; about +10.0% a year came from earnings growth and about −6.2 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the HPL Electric & Power business getting better or worse? HPL Electric & Power Ltd's business is slowing from a peak. Profit and EPS growth have slowed sharply (profit growth from +85.7% at its peak to −3.2% now), while ROCE is still 20.6%. This is based on 12 quarters of 4 measures. Why it matters: slowing from a peak is where good stories often end quietly. ## How much does HPL Electric & Power earn on its capital? HPL Electric & Power Ltd earned a ROCE of 13% in FY26. That is up from a low of 6% in FY21. Its return on capital used (ROIC) is 2.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 5.0% net margin and 0.76× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 5.0% net margin × 0.76× asset turnover × 2.40× leverage (assets divided by equity) ≈ 9.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 9.4% − 12.0% = −2.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does HPL Electric & Power have too much debt? HPL Electric & Power Ltd has total debt of ₹755 Cr against shareholder equity of ₹1,003 Cr as of Jun 2026, so its debt is 0.75× its equity. Year by year, that ratio went from 0.78 in FY22 to 0.75 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the HPL Electric & Power shareholding pattern? No group of HPL Electric & Power Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved +0.0 points over the same period, to 72.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −0.1 points over 8 quarters, to 0.1%; Promoters: +0.0 points over 8 quarters, to 72.7%; Foreign institutions: +0.0 points over 8 quarters, to 0.5%. ## How far is HPL Electric & Power from balance-sheet trouble? For HPL Electric & Power Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does HPL Electric & Power rank in its industry? 48.3 out of 100, rank 12 of 19 in Capital Goods - Electric General, with 81% of the evidence available. HPL Electric & Power Ltd scores 48.3 out of 100 against the 19 companies it is compared with in Capital Goods - Electric General, ranking 12. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 11.8 + 12.2 + 16.6 + 7.7 = 48.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is HPL Electric & Power compared with? HPL Electric & Power ranks 12 of 19 Capital Goods - Electric General companies on the 4-Factor Sector Score, with 48.3 out of 100. 1. [Modison Ltd](https://www.sectoralpha.in/stocks/modison-ltd) MODISONLTD · leader · Most evidence points up · 100% evidence 78.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 84.9% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 17.1/25 · ROCE 31% · Operating margin 11% · 100% evidence Valuation 15.1/20 · P/E 9.6× · PEG 0.46 · 100% evidence Relative strength 18.7/20 · Lead over its industry 47.3% · Lead over NIFTY 500 46.8% · 1 year 128.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 17.1 + 15.1 + 18.7 = 78 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Rishabh Instruments Ltd](https://www.sectoralpha.in/stocks/rishabh-instruments-ltd) RISHABH · leader · Most evidence points up · 96% evidence 68.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.8/35 · Revenue 5.8% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 16.9/25 · ROCE 14.5% · Operating margin 17% · 100% evidence Valuation 10.8/20 · P/E 30× · PEG 1.24 · 100% evidence Relative strength 16.3/20 · Lead over its industry 22.8% · Lead over NIFTY 500 25.5% · 1 year 52.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.8 + 16.9 + 10.8 + 16.3 = 68.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Spectrum Electrical Industries Ltd](https://www.sectoralpha.in/stocks/spectrum-electrical-industries-ltd) SPECTRUM · leader · Most evidence points up · 89% evidence 68.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 40.8% · Profit 92.3% · Operating margin change 1 points · 88% evidence Capital efficiency 17.2/25 · ROCE 17.8% · Operating margin 15% · 100% evidence Valuation 6.7/20 · P/E 135× · PEG 1.9 · 65% evidence Relative strength 20.0/20 · Lead over its industry 119.7% · Lead over NIFTY 500 122.5% · 1 year 158.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.3 + 17.2 + 6.7 + 20 = 68.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Modern Insulators Ltd](https://www.sectoralpha.in/stocks/modern-insulators-ltd) MODINSULAT · turning · Most evidence points up · 78% evidence 68.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.5/35 · Revenue 41.6% · Profit 100% · Operating margin change 8 points · 83% evidence Capital efficiency 18.3/25 · ROCE 19.3% · Operating margin 17% · 76% evidence Valuation 7.7/20 · P/E 22.4× · PEG n/a · 50% evidence Relative strength 12.6/20 · Lead over its industry 35.3% · Lead over NIFTY 500 36.4% · 1 year 195.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 29.5 + 18.3 + 7.7 + 12.6 = 68.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [V-Guard Industries Ltd](https://www.sectoralpha.in/stocks/v-guard-industries-ltd) VGUARD · quiet · Evidence leans up · 100% evidence 62.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Revenue 21.5% · Profit 41.7% · Operating margin change 1 points · 100% evidence Capital efficiency 16.1/25 · ROCE 18.4% · Operating margin 9% · 100% evidence Valuation 14.7/20 · P/E 28.7× · PEG 1.12 · 100% evidence Relative strength 7.3/20 · Lead over its industry -12.4% · Lead over NIFTY 500 -7.7% · 1 year -22.7% · 100% evidence · 5 of 12 weeks ahead Exact sum: 24.7 + 16.1 + 14.7 + 7.3 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Insolation Energy Ltd](https://www.sectoralpha.in/stocks/insolation-energy-ltd) INA · quiet · Evidence leans up · 81% evidence 59.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 81.7% · Profit 45.2% · Operating margin change -6 points · 88% evidence Capital efficiency 16.5/25 · ROCE 22.4% · Operating margin 10% · 100% evidence Valuation 19.5/20 · P/E 7.8× · PEG 0.23 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -36.5% · 1 year -61.5% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.3 + 16.5 + 19.5 + 7.5 = 59.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Alpex Solar Ltd](https://www.sectoralpha.in/stocks/alpex-solar-ltd) ALPEXSOLAR · quiet · Evidence leans up · 64% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 100% · Profit 61.3% · Operating margin change -1 points · 88% evidence Capital efficiency 19.7/25 · ROCE 44.8% · Operating margin 15% · 100% evidence Valuation 11.3/20 · P/E 8.4× · PEG n/a · 15% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -21.8% · 1 year -45% · 25% evidence · 1 of 12 weeks ahead Exact sum: 18.7 + 19.7 + 11.3 + 7.9 = 57.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Ravindra Energy Ltd](https://www.sectoralpha.in/stocks/ravindra-energy-ltd) RELTD · quiet · Evidence leans up · 79% evidence 54.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.3/35 · Revenue 28.2% · Profit 53% · Operating margin change 14.6 points · 88% evidence Capital efficiency 15.3/25 · ROCE 14.4% · Operating margin 31.8% · 100% evidence Valuation 9.4/20 · P/E 44.7× · PEG n/a · 15% evidence Relative strength 4.1/20 · Lead over its industry -8.7% · Lead over NIFTY 500 -4.4% · 1 year -16.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 25.3 + 15.3 + 9.4 + 4.1 = 54.1 · What this means: Earnings are strong; relative strength in its sector is -8.7% and the one-year return is -16.4%. 9. [IKIO Technologies Ltd](https://www.sectoralpha.in/stocks/ikio-technologies-ltd) IKIO · quiet · Evidence leans up · 78% evidence 53.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.2/35 · Revenue 34.5% · Profit 100% · Operating margin change 4 points · 83% evidence Capital efficiency 9.5/25 · ROCE 9.5% · Operating margin 13% · 76% evidence Valuation 13.1/20 · P/E 26.8× · PEG n/a · 50% evidence Relative strength 5.5/20 · Lead over its industry -5.4% · Lead over NIFTY 500 -1.9% · 1 year -22.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 25.2 + 9.5 + 13.1 + 5.5 = 53.3 · What this means: Earnings are strong; relative strength in its sector is -5.4% and the one-year return is -22.8%. 10. [Siemens Ltd](https://www.sectoralpha.in/stocks/siemens-ltd) SIEMENS · losing its lead · Evidence leans up · 78% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 13.2% · Profit 33.7% · Operating margin change -4 points · 83% evidence Capital efficiency 17.2/25 · ROCE 21.4% · Operating margin 9% · 76% evidence Valuation 5.5/20 · P/E 78.2× · PEG n/a · 50% evidence Relative strength 8.8/20 · Lead over its industry -4.2% · Lead over NIFTY 500 -0.3% · 1 year 6.7% · 100% evidence · 7 of 12 weeks ahead Exact sum: 19.3 + 17.2 + 5.5 + 8.8 = 50.8 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 11. [Swelect Energy Systems Ltd](https://www.sectoralpha.in/stocks/swelect-energy-systems-ltd) SWELECTES · turning · Evidence leans down · 89% evidence 48.9 out of 100 Growth Capital Valuation Relative
12. HPL Electric & Power Ltd this page HPL · quiet · Evidence leans down · 81% evidence 48.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.8/35 · Revenue 15% · Profit -3.2% · Operating margin change -3 points · 88% evidence Capital efficiency 12.2/25 · ROCE 13.5% · Operating margin 12% · 100% evidence Valuation 16.6/20 · P/E 15.2× · PEG 0.4 · 100% evidence Relative strength 7.7/20 · Lead over its industry n/a · Lead over NIFTY 500 -30% · 1 year -48.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 11.8 + 12.2 + 16.6 + 7.7 = 48.3 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 13. [Kirloskar Electric Company Ltd](https://www.sectoralpha.in/stocks/kirloskar-electric-company-ltd) KECL · quiet · Evidence leans down · 79% evidence 43.3 out of 100 Growth Capital Valuation Relative
14. [Salzer Electronics Ltd](https://www.sectoralpha.in/stocks/salzer-electronics-ltd) SALZERELEC · quiet · Evidence leans down · 81% evidence 41.4 out of 100 Growth Capital Valuation Relative
15. [Servotech Renewable Power System Ltd](https://www.sectoralpha.in/stocks/servotech-renewable-power-system-ltd) SERVOTECH · basing · Evidence leans down · 78% evidence 39.7 out of 100 Growth Capital Valuation Relative
16. [Honda India Power Products Ltd](https://www.sectoralpha.in/stocks/honda-india-power-products-ltd) HONDAPOWER · quiet · Evidence leans down · 81% evidence 39.4 out of 100 Growth Capital Valuation Relative
17. [Exicom Tele-Systems Ltd](https://www.sectoralpha.in/stocks/exicom-tele-systems-ltd) EXICOM · quiet · Evidence leans down · 68% evidence 38.9 out of 100 Growth Capital Valuation Relative
18. [Focus Lighting & Fixtures Ltd](https://www.sectoralpha.in/stocks/focus-lighting-fixtures-ltd) FOCUS · Most evidence points down · 69% evidence 24.4 out of 100 Growth Capital Valuation Relative
19. [Igarashi Motors India Ltd](https://www.sectoralpha.in/stocks/igarashi-motors-india-ltd) IGARASHI · quiet · Most evidence points down · 89% evidence 23.4 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Capital Goods - Electric General](https://www.sectoralpha.in/sectors/capital-goods-electric-general), all 19 compared on one page. ## Which companies are close to HPL Electric & Power in size? HPL Electric & Power is the 10th largest of 19 Capital Goods - Electric General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Exicom Tele-Systems, Alpex Solar and Insolation Energy. Just below it: Servotech Renewable Power System, IKIO Technologies and Modern Insulators. ### Capital Goods - Electric General companies close in size

1. [Exicom Tele-Systems Ltd](https://www.sectoralpha.in/stocks/exicom-tele-systems-ltd) ₹1,740 crore
2. [Alpex Solar Ltd](https://www.sectoralpha.in/stocks/alpex-solar-ltd) ₹1,687 crore
3. [Insolation Energy Ltd](https://www.sectoralpha.in/stocks/insolation-energy-ltd) ₹1,518 crore
4. HPL Electric & Power Ltd ₹1,452 crore
5. [Servotech Renewable Power System Ltd](https://www.sectoralpha.in/stocks/servotech-renewable-power-system-ltd) ₹1,402 crore
6. [IKIO Technologies Ltd](https://www.sectoralpha.in/stocks/ikio-technologies-ltd) ₹1,244 crore
7. [Modern Insulators Ltd](https://www.sectoralpha.in/stocks/modern-insulators-ltd) ₹1,122 crore

[All 19 Capital Goods - Electric General companies, largest first](https://www.sectoralpha.in/sectors/capital-goods-electric-general#all-companies)

### Companies close in size in other industries

1. [Summit Securities Ltd](https://www.sectoralpha.in/stocks/summit-securities-ltd) ₹1,460 crore · Finance - Capital Markets - Brokers
2. [AYM Syntex Ltd](https://www.sectoralpha.in/stocks/aym-syntex-ltd) ₹1,455 crore · Textiles - Processing/Texturising
3. HPL Electric & Power Ltd ₹1,452 crore
4. [Aurum Proptech Ltd](https://www.sectoralpha.in/stocks/aurum-proptech-ltd) ₹1,451 crore · IT Enabled Services
5. [Paushak Ltd](https://www.sectoralpha.in/stocks/paushak-ltd) ₹1,450 crore · Speciality Chemicals

## What else do people ask about HPL Electric & Power? ### What is HPL Electric & Power's share price today? HPL Electric & Power Ltd's share price is ₹238.02, −45.8% over the past year. The whole company is worth ₹1,529 Cr on the market. In the last 52 weeks it traded between ₹226 to ₹457; today it is 5% of the way up from the low, 28.2% below its 200-day average (as of 3 November 2026). ### What were HPL Electric & Power's latest quarterly results? HPL Electric & Power Ltd reported revenue of ₹515 Cr and net profit of ₹19.0 Cr for the Jun 2026 quarter. Revenue rose 34.5% and profit rose 5.6% compared with a year earlier. Earnings per share were ₹2.90 (as of 3 November 2026). ### What is HPL Electric & Power's market cap? HPL Electric & Power Ltd's market capitalisation is ₹1,529 Cr at a share price of ₹238.02. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is HPL Electric & Power performing? HPL Electric & Power Ltd's share price has been falling for 56 weeks. In its latest quarter, revenue rose 34.5% and profit rose 5.6% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 20 weeks running (as of 3 November 2026). ### Will HPL Electric & Power's share price go up? This page does not forecast HPL Electric & Power Ltd's share price. What it shows instead: the share price is ₹238.02, and it has been falling for 56 weeks. Its P/E of 16.0× is higher than 24% of its own last 10 years (as of 3 November 2026). ### Who owns HPL Electric & Power? Promoters own 72.7% of HPL Electric & Power Ltd, foreign institutions 0.5%, domestic institutions 0.1% and the public 26.7% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Where is HPL Electric & Power in its business cycle? HPL Electric & Power Ltd's FY26 operating margin was 16.0%, against a 13-year range of 10.0% to 16.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 12.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the HPL Electric & Power story? The main question: yearly earnings per share moved −2.9% while the share price moved −45.8%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is HPL Electric & Power a stock worth studying right now? What the numbers show: HPL Electric & Power Ltd's share price has fallen more than its earnings. Earnings per share fell 2.9% in a year while the price moved −45.8%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a HPL Electric & Power share price forecast for 2026? What management itself guided: C&I revenue: high double-digit growth over the next 12-18 months, led by wires and cables, MCBs, switches and lighting. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india

This is research, not advice. We’re not SEBI-registered.