HBL ENGINEERING LTD·KAVACH 57.80RAILWAYS 47.41⁤BATTERIES 64.60·Industrial Products Companies

Price

702.55

-1.46%
O:712.95
H:722
L:700
C:702.55

52W Range

6131122
+15%/-37%

Market Cap

₹19,474.33 Cr

Traded: ₹72.33 Cr (0.37%) 0.0x

Free Float: ₹6,675.80 Cr (1.08% of FF traded)

Volume · 60D trend

10.18 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:-2% 3M:-14% 6M:-11% 12M:-13%

Valuation

P/E24.9
P/B8.8
P/S5.8
EV/EBIT15.3

Business Strength

ROE20.5%
ROCE26.3%
OPM33.7%
NPM24.6%

Growth (3Y CAGR)

EPS+194.3%
Sales+34.0%
Profit+105.0%
3Y Return+47.0%

Balance Sheet

Debt/Equity0.0
Debt44.02 Cr
Pledge0.0%
CWIP/Fixed Asset28.8%

Cash Position

CFO/NP90.7%
FCF618 Cr
FCF 3Y Avg941 Cr
Cash/MCap2.0%

Others

Div Yield0.1%
Div Payout3.0%
Cash Conv. Cycle171 days
Tradeable Free Float34.3%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 398.13 Cr
5.96% FF
60d high
₹ 428.15 Cr
60d low
₹ 367.09 Cr
60d mean
₹ 400.21 Cr
vs mean
▼ 0.52%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
Sales
+10.0%
+29.0%
+34.0%
--
+63.0%
Accelerating
ROE
+18.0%
+27.0%
+33.0%
--
--
Accelerating
Return
+36.0%
+73.0%
+47.0%
+21.0%
--
Decelerating
Profit
+49.0%
+118.0%
+105.0%
--
+134.0%
Stable

Quarterly Results

Jun 2026

8 Aug
Rev
638 Cr
+6% YoY+6% QoQ
OPM23.0%
NPM17.1%
PAT
--109 Cr
EPS
-24% YoY3.9

Mar 2026

PDF
Rev
604 Cr
+27% YoY-31% QoQ
OPM12.0%
NPM10.6%
PAT
+44% YoY64 Cr
EPS
+42% YoY2.3

Dec 2025

7 Feb
Rev
874 Cr
+94% YoY-29% QoQ
OPM35.0%
NPM25.2%
PAT
+242% YoY220 Cr
EPS
+242% YoY8.0

Sep 2025

PDF
Rev
1.2K Cr
+135% YoY+103% QoQ
OPM44.0%
NPM31.6%
PAT
+365% YoY387 Cr
EPS
+343% YoY14.0

Jun 2025

PDF
Rev
602 Cr
+16% YoY+26% QoQ
OPM32.0%
NPM23.8%
PAT
+82% YoY143 Cr
EPS
+79% YoY5.2

Mar 2025

PDF
Rev
476 Cr
-22% YoY+6% QoQ
OPM17.0%
NPM9.4%
PAT
-53% YoY45 Cr
EPS
-45% YoY1.6

Dec 2024

PDF
Rev
451 Cr
-25% YoY-13% QoQ
OPM21.0%
NPM14.4%
PAT
-20% YoY65 Cr
EPS
-18% YoY2.3

Sep 2024

PDF
Rev
521 Cr
-6% YoY+0% QoQ
OPM21.0%
NPM16.7%
PAT
+27% YoY87 Cr
EPS
+27% YoY3.1

Jun 2024

PDF
Rev
520 Cr
+11% YoY-15% QoQ
OPM21.0%
NPM15.4%
PAT
+55% YoY80 Cr
EPS
+55% YoY2.9

Mar 2024

PDF
Rev
610 Cr
+51% YoY+2% QoQ
OPM22.0%
NPM13.3%
PAT
+175% YoY81 Cr
EPS
+133% YoY2.9

Dec 2023

PDF
Rev
599 Cr
+80% YoY+8% QoQ
OPM19.0%
NPM13.2%
PAT
+249% YoY79 Cr
EPS
+231% YoY2.9

Sep 2023

PDF
Rev
557 Cr
+77% YoY+19% QoQ
OPM18.0%
NPM12.2%
PAT
+265% YoY68 Cr
EPS
+244% YoY2.5

Jun 2023

PDF
Rev
467 Cr
--+16% QoQ
OPM17.0%
NPM11.1%
PAT
+157% YoY52 Cr
EPS
--1.9

Mar 2023

PDF
Rev
403 Cr
--+21% QoQ
OPM11.0%
NPM8.7%
PAT
+3% YoY35 Cr
EPS
--1.3

Dec 2022

Rev
332 Cr
--+6% QoQ
OPM12.0%
NPM7.2%
PAT
-8% YoY24 Cr
EPS
--0.9

Sep 2022

Rev
314 Cr
----
OPM11.0%
NPM6.4%
PAT
+12% YoY20 Cr
EPS
--0.7

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.03
Interest Coverage19.6x
Promoter Pledge0.0%
Borrowings67 Cr

Efficiency

Receivable Days71 days
Inventory Days148 days
Payable Days49 days
Cash Conversion cycle171 days

Cash Position

Operating Cash Flow738 Cr
Investing Cash Flow-214 Cr
Financing Cash Flow-113 Cr
Free Cash Flow618 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023PDF ↗
Dec 2022
Sep 2022
Sales6386048741,223602476451521520610599557467403332314
Expenses491529572679410396357412410479486456390358294281
Operating Profit14775302544192799410911013111310178453833
OPM %23.0%12.0%35.0%44.0%32.0%17.0%21.0%21.0%21.0%22.0%19.0%18.0%17.0%11.0%12.0%11.0%
Other Income211010-81762125-19233466
Interest5233645324332321
Depreciation121512121211111111111110101098
Profit Before Tax149672975201917179107103981029169363330
Tax %26.0%18.0%27.0%26.0%26.0%26.0%26.0%29.0%26.0%33.0%23.0%26.0%25.0%3.0%32.0%35.0%
Net Profit109642203871434565878081796852352420
Exceptional Items---3-1-24-3-1-00-0-25-3-00-112
EPS (Rs)3.92.38.014.05.21.62.33.12.92.92.92.51.91.30.90.7
Sales Growth (YoY)6.0%26.9%93.8%134.7%15.8%-22.0%-24.7%-6.5%11.3%51.4%80.4%77.4%--------
Sales Growth (QoQ)5.6%-30.9%-28.5%103.2%26.5%5.5%-13.4%0.2%-14.8%1.8%7.5%19.3%15.9%21.4%5.7%--
OP Growth (YoY)-23.4%-5.1%221.3%399.1%74.5%-39.7%-16.8%7.9%41.0%191.1%197.4%206.1%--------
OP Growth (QoQ)96.0%-75.2%-44.5%183.3%143.0%-16.0%-13.8%-0.9%-16.0%15.9%11.9%29.5%73.3%18.4%15.2%--
Profit Growth (YoY)--44.0%242.0%365.0%82.0%-53.0%-20.0%27.0%55.0%175.0%249.0%265.0%157.0%3.0%-8.0%12.0%
EPS Growth (YoY)-23.8%42.0%241.6%343.5%78.9%-44.9%-18.3%27.0%54.5%133.3%231.4%244.4%--------
EPS Growth (QoQ)71.3%-71.1%-43.0%170.2%219.1%-30.5%-26.0%9.0%-1.7%3.2%14.9%32.6%48.4%46.5%19.4%--
OP Margin23.0%12.4%34.5%44.5%31.9%16.6%20.8%20.9%21.1%21.5%18.9%18.1%16.7%11.2%11.4%10.5%
Net Margin17.1%10.6%25.2%31.6%23.8%9.4%14.4%16.7%15.4%13.3%13.2%12.2%11.1%8.7%7.2%6.4%
Material Cost %--51.0%42.0%37.0%43.0%50.0%48.0%50.0%50.0%48.0%52.0%52.0%55.0%62.0%59.9%59.8%
Employee Cost %--10.0%9.0%6.0%9.0%10.0%10.0%8.0%8.0%9.0%6.0%7.0%7.0%7.0%8.6%8.7%
P/S5.836.106.946.90------------------------
P/E24.9424.7327.6829.66------------------------
P/B8.799.1011.109.56------------------------

Shareholding Pattern

Shareholders:3.5L (+103.8%)
Current MixJun 2026

Exchange Filings

50
Corp. Action08 Aug 2026

September 11, 2026 is fixed as the record date for dividend to be declared by the shareholder in their ensuing annual general meeting scheduled to be held on September 26, 2026.

Company Update08 Aug 2026

Statement of deviation of funds

Board Meeting08 Aug 2026

The Board of Directors has approved the financial results of the Company for the quarter ending June 30 2026

Company Update15 Jul 2026

The Company has accepted an order worth Rs.24 Crores (Excluding 18% GST) from Integral Coach Factory (ICF), Chennai, for supply, installation, testing and commissioning of On-Board Kavach ....

Company Update01 Jul 2026

The Board of Directors in its meeting appointed Mrs. Kavita Prasad Aluru as an Executive Director of the Company for a period of five years and payment of remuneration with effect from July 01, 2026.

Company Update28 May 2026

HBL received letter of acceptance from Chittaranjan Locomotive Works for supply, installation, testing and commissioning of onboard Kavach loco equipment (ver 4.0) worth Rs.1,714 Crs (excluding ....

Company Update28 May 2026

Statement of deviation of funds for the period ended March 31, 2026.

Company Update24 May 2026

The information is provided to shareholders because it is relevant for interpriting the result published on May 23, 2026

Board Meeting23 May 2026

The Board of Directors in its meeting held on May 23, 2026 have apprived the audited financial results for the year ending March 31, 2026

Board Meeting28 Apr 2026

HBL Engineering Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/05/2026 ,inter alia, to consider and approve A meeting of the Board of ....

Others21 Apr 2026

<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....

Company Update09 Apr 2026

In the cover letter the order worth should be read as Rs.83.81 Crores.

Company Update09 Apr 2026

HBL has accepted an order worth Rs.83.81 Crores (inclusive of 18% GST) from Patiala Loco Works, Punjab for supply, testing and commissioning of on-board Kavach equipment (Ver.4.0).

Company Update02 Apr 2026

HBL received letter of acceptance from Banaras Locomotive Works for supply, testing and commissioing of On-Board Kavach equipment (version 4.0) worth Rs.179.79 Crores (inclusive of 18% GST).

Company Update25 Mar 2026

Please refer to the attached file.

Company Update18 Mar 2026

we wish to inform you that the officials of the Company had a meeting with the SBI Mutual Fund organised by a third party. We confirm that during the meeting, the Company shared information ....

Company Update14 Mar 2026

We wish to inform you that a one to one meeting organised by third party with the SBI Mutual Fund Manager is scheduled on March 18, 2026.

Company Update18 Feb 2026

Update on Credit rating

Company Update11 Feb 2026

HBL has received letter of acceptance from Banaras Locomotive Works, Varanasi for supply, testing and commissioning of on-board Kavach Equipment (ver4.0) worth Rs.800.36 Crs.

Board Meeting07 Feb 2026

Approved the unaudited (standalone and consolidated) financial results of the Company for the quarter ended on December 31, 2025 and declared a dividend of Re.2/- (Rupees two) per equity ....

Company Update31 Jan 2026

HBL has accpeted an order worth Rs.575 Crores (inclusive of 18% GST) from Integral Coach Factory, Chennai for aupply, testing and commissioning of On-Board Kavach Equipment (Ver 4.0). Disclosure ....

Company Update28 Jan 2026

Disclosure made by Cochin Shipyard Limited regaring their proposal for a joint venture with HBL

Board Meeting19 Jan 2026

HBL Engineering Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/02/2026 ,inter alia, to consider and approve A meeting of the Board of ....

Company Update15 Jan 2026

Update for stakeholders

Company Update18 Dec 2025

Information to stakeholders

Result08 Nov 2025

The Board has approved the financial results for the period ended September 30, 2025

Company Update10 Oct 2025

Update on credit rating

AGM/EGM26 Sept 2025

Scrutinizer report 2025

AGM/EGM26 Sept 2025

Sumitting the outcome, proceedings, scrutinizers report and voting results of AGM 2025

Corp. Action02 Sept 2025

The regoster of members shall remain closed from September 13, 2025 to September 25, 2025 (both days inclusive).

Corp. Action02 Sept 2025

The Record date for the purpose of eligibility to particpate in e-voting at the ensuing AGM and to receive devidend, if declared is September 12, 2025.

Others02 Sept 2025

Annual report for the FY 2025

Company Update10 Aug 2025

Clarification on news article appearing the Eenadu (Telugu) newspaper dated August 10, 2025.

Corp. Action09 Aug 2025

The Board of Directors have fixed Friday September 12, 2025 as record for entitlement of dividend if declared by the shareholders.

Result09 Aug 2025

Financial results for the quarter ended June 30 2025

Board Meeting09 Aug 2025

Outcome of the Board meeting and financial results for the quarter ended June 30 2025

Board Meeting21 Jul 2025

HBL Engineering Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/08/2025 ,inter alia, to consider and approve A meeting of the Board of ....

Insider Trading / SAST21 Jul 2025

The trading window for dealing in securities of the Company by Directors/KMP''s/officers/designated employees shall be open after 48 hrs of the conclusion of the Board meeting to be held ....

Company Update17 Jun 2025

Attached reply to the call advisory of BSE on recent disclosures about Kavach orders.

Company Update15 Jun 2025

This is to inform the stakeholders that the South Central Railway has issued letter of acceptance to HBL for "Upgradation of the Kavach Version 3.2 to Kavach Version 4.0" in Mudkhed(including) ....

Company Update14 Jun 2025

Information is given to the stakeholders that South Central Railway has issued letter of acceptance for provision of Kavach in Vijayawada - Ballarshah Section. The value of the contract ....

Company Update27 May 2025

HBL received Letter of Acceptance from IRCON Internationa for supply of Kavach worth Rs.101.55 Crores (Inclusive of taxes) in 18 months.

Company Update26 May 2025

Annual Secretarial Compliance Report for the year ended March 31, 2025

Company Update26 May 2025

Copy of the newspaper publication

Company Update24 May 2025

Updates

Board Meeting24 May 2025

The Board of Directors of the Company in its meeting held on Saturday, May 24, 2025 have approved the audited financial results for the financial year ended March 31, 2025. The report of ....

Company Update15 May 2025

Attached our reply to the volume movement letter (through email) received by the Company today.

Company Update15 May 2025

The Exchange has sought clarification from HBL Engineering Ltd on May 15, 2025, with reference to Movement in Volume.<BR><BR>The reply is awaited.

BSE
Company Update14 May 2025

We would like to inform the stakeholders that HBL is the first Company to receive the approval from Research Designs and Standard Organization (RDSO) for Version 4.0 of the Kavach Systems.

Company Update01 May 2025

The Western Railway has issued letter of acceptance for supply of Kavach Systems for total contract value of Rs.145.83 Crs(Inclusive of 18% GST).

Annual Reports

15

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

Credit Ratings

6
careRating update
10 Oct 2025Report
careRating update
31 Mar 2025Report
careRating update
03 Oct 2024Report
careRating update
28 Aug 2023Report
careRating update
07 Oct 2022Report
careRating update

Concalls

4

Sep 2025

30 Sept 2025

Jul 2024

31 Jul 2024

Sep 2023

30 Sept 2023

Feb 2023

28 Feb 2023

Held by ETFs

19 ETFs hold hblengine · sorted by weight

#ETFWeight %
1

SMALLCAP

MIRAEAMC - SMALLCAP

0.76%
2

SML100CASE

ZERODHAAMC - SML100CASE

0.69%
3

EMULTIMQ

EDELAMC - EMULTIMQ

0.43%
4

DEFENCE

MIRAEAMC - DEFENCE

0.47%
5

MOSMALL250

MOTILALAMC - MOSMALL250

0.38%
6

SMALLADD

DSPAMC - SMALLADD

0.38%
7

SBISMLETF

SBIAMC - SBISMLETF

0.38%
8

AONETMMQ50

AONEAMC - AONETMMQ50

0.38%
9

SMALL250

MIRAEAMC - SMALL250

0.38%
10

HDFCSML250

HDFCAMC - HDFCSML250

0.38%
11

GROWWSC250

GROWWAMC - GROWWSC250

0.38%
12

GROWWMOM50

GROWWAMC - GROWWMOM50

0.29%
13

MOMENTUM50

MOTILALAMC - MOMENTUM50

0.29%
14

MIDSMALL

MIRAEAMC - MIDSMALL

0.29%
15

MULTICAP

MIRAEAMC - MULTICAP

0.09%
16

BSE500IETF

ICICIPRAMC - ICICI500

0.04%
17

HDFCBSE500

HDFCAMC - HDFCBSE500

0.04%
18

MONIFTY500

MOTILALAMC - MONIFTY500

0.04%
19

AONETOTAL

AONEAMC - AONETOTAL

0.04%

Held by Mutual Funds

22 schemes hold hblengine · sorted by weight

#SchemeWeight %
1

Motilal Oswal Nifty Smallcap 250 Index Fund

Motilal Oswal Mutual Fund

0.46%
2

Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund

Edelweiss Mutual Fund

0.47%
3

Groww Nifty Smallcap 250 Index Fund

Groww Mutual Fund

0.43%
4

Kotak Nifty Smallcap 250 Index Fund

Kotak Mahindra Mutual Fund

0.46%
5

HDFC Nifty Smallcap 250 Index Fund

HDFC Mutual Fund

0.43%
6

Edelweiss Nifty Smallcap 250 Index Fund

Edelweiss Mutual Fund

0.43%
7

Bandhan Nifty Smallcap 250 Index Fund

Bandhan Mutual Fund

0.43%
8

SBI Nifty Smallcap 250 Index Fund

SBI Mutual Fund

0.43%
9

ICICI Prudential Nifty Smallcap 250 Index Fund

ICICI Prudential Mutual Fund

0.43%
10

UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund

UTI Mutual Fund

0.34%
11

Nippon India Nifty 500 Momentum 50 Index Fund

Nippon India Mutual Fund

0.29%
12

Kotak Nifty500 Momentum 50 Index Fund

Kotak Mahindra Mutual Fund

0.29%
13

HDFC Nifty500 Multicap 50:25:25 Index Fund

HDFC Mutual Fund

0.11%
14

Nippon India Nifty 500 Equal Weight Index Fund

Nippon India Mutual Fund

0.20%
15

Motilal Oswal Nifty 500 Index Fund

Motilal Oswal Mutual Fund

0.05%
16

HDFC BSE 500 Index Fund

HDFC Mutual Fund

0.05%
17

SBI Nifty 500 Index Fund

SBI Mutual Fund

0.05%
18

ICICI Prudential Nifty 500 Index Fund

ICICI Prudential Mutual Fund

0.05%
19

Axis Nifty 500 Index Fund

Axis Mutual Fund

0.05%
20

Groww Nifty Total Market Index Fund

Groww Mutual Fund

0.04%
21

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.04%
22

Bandhan Nifty Total Market Index Fund

Bandhan Mutual Fund

0.04%