HBL Engineering share price
NSE: HBLENGINEBSE: 517271Industrial ProductsSmall Cap
Formerly HBL Power Systems
Last close ₹769.85down ₹14.60 (1.86%)BSE ₹770.15
Share price at the NSE close on 23 Oct 2026. Previous close ₹784.45.
52-week range of traded prices to 23 Oct 2026
₹613.00Low, 30 Mar 2026₹1,122.00High, 10 Nov 2025
- Next results date: the board meets on 7 Nov 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹21,340 Cr334th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 8 Aug 2026
- 27.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 24 May 2026
- 9.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.39%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 8 Aug 2026
- 42.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 8 Aug 2026
- 45.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 24 May 2026
- 0.02
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 20,56,40428.9% delivered
Results
Standalone, as consolidated accounts are on record for only 7 of the last ten years; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 8 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹620 Crup 3.72%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹105 Crup 84.48%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 17.0%
Revenue by year
Peak revenue ₹3,252 Cr, year to Mar 2026
Net profit by year, a loss in red
| ₹ crore | Sep 2024Filed 9 Nov | Dec 2024Filed 10 Feb | Mar 2025Filed 12 Jun | Jun 2025Filed 9 Aug | Sep 2025Filed 8 Nov | Dec 2025Filed 7 Feb | Mar 2026Filed 24 May | Jun 2026Filed 8 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 520 | 455 | 460 | 588 | 1,203 | 864 | 597 | 620 |
| Net profit | 80 | 61 | 51 | 140 | 382 | 218 | 57 | 105 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 15.5% | 13.5% | 11.2% | 23.8% | 31.8% | 25.2% | 9.6% | 17.0% |
Standalone. The last eight quarters. The latest is shaded.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- ElectronicsElectronics, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,626 Crup 445.03%50.0%
- Industrial BatteriesIndustrial Batteries, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,416 Crup 1.40%43.5%
- Defence & aviation batteriesDefence & aviation batteries, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹212 Crdown 6.88%6.5%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 19% of 2,480 trading days over the last 10 years.
LowestHighest
Its median34.3Industry median20.8
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 69% of 1,970 trading days since Nov 2018.
LowestHighest
Its median3.1Industry median2.4
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.19.5
At or below today's level on 59% of 1,970 trading days since Nov 2018.
LowestHighest
Its median18.0Industry median14.2
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 42% of 2,480 trading days over the last 10 years.
LowestHighest
Its median0.43%Industry median0.40%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +30.6% | – | – | 0.5% |
| 3 years | +86.5% | +103.4% | −8.4% | 0.3% |
| 5 years | +79.5% | +122.6% | −19.5% | 0.4% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2021.
Mutual funds holding it
61 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 54 of the 55 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 5
- AddedAdded. Funds that held more shares than at the end of the month before.
- 21
- CutCut. Funds that held fewer shares than at the end of the month before.
- 34
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 1
| Fund | |||
|---|---|---|---|
 Mahindra Manulife Small Cap FundMahindra Manulife Mutual Fund | 10,94,536 | 1.62% | ₹87.0 Cr |
| Mahindra Manulife Mid Cap FundMahindra Manulife Mutual Fund | 6,49,571 | 1.02% | ₹51.6 Cr |
| Mahindra Manulife Business Cycle FundMahindra Manulife Mutual Fund | 2,31,380 | 1.42% | ₹18.4 Cr |
| Mahindra Manulife Value FundMahindra Manulife Mutual Fund | 1,78,587 | 1.40% | ₹14.2 Cr |
 Nippon India Nifty Smallcap 250 Index FundNippon India Mutual Fund | 1,74,229 | 0.40% | ₹13.8 Cr |
 HDFC Nifty Smallcap 250 ETFHDFC Mutual Fund | 1,36,720 | 0.40% | ₹10.9 Cr |
 Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETFMirae Asset Mutual Fund | 96,382 | 0.82% | ₹7.66 Cr |
 SBI Nifty Smallcap 250 Index FundSBI Mutual Fund | 88,507 | 0.40% | ₹7.03 Cr |
 Motilal Oswal Nifty Smallcap 250 Index FundMotilal Oswal Mutual Fund | 62,781 | 0.40% | ₹4.99 Cr |
 ICICI Prudential Nifty Smallcap 250 Index FundICICI Prudential Mutual Fund | 39,685 | 0.40% | ₹3.15 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Other Industrial Products, 57 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to HBL Engineering in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 INOX IndiaINOXINDIA | 16,946 | 66.5 | 15.2 | 49.6 | +19.9% | +8.8% | 25.6% | 25.9% | 0.11% |
 Esab IndiaESABINDIA | 8,170 | 36.8 | 19.0 | 27.9 | +13.0% | +29.1% | 56.1% | 63.5% | 1.41% |
 KRN Heat Exchanger and RefrigerationKRN | 6,667 | 68.8 | – | – | +64.0% | +81.8% | 18.1% | 15.9% | 0.00% |
 WPILWPIL | 3,892 | 22.9 | 2.4 | 11.1 | +8.4% | +46.6% | 11.5% | 12.4% | 0.50% |
 SubrosSUBROS | 3,837 | 23.1 | 3.1 | 11.8 | +13.8% | +6.4% | 14.2% | 15.7% | 0.51% |
 Harsha Engineers InternationalHARSHA | 3,682 | 23.8 | 2.6 | 15.9 | +20.2% | +69.6% | 11.6% | 11.4% | 0.37% |
| Aimtron ElectronicsAIMTRON | 3,438 | 74.8 | 14.7 | – | +89.2% | +79.4% | 23.6% | – | 0.00% |
 Ador WeldingADOR | 2,254 | 19.5 | 4.0 | 14.2 | +12.9% | +111.7% | 21.7% | 22.8% | 1.78% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹3.00 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 11 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.00 |
| 13 Feb 2026 | Interim | ₹2.00 |
| 12 Sep 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.00 |
| 13 Sep 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.50 |
| 15 Sep 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.45 |
| 15 Sep 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.40 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
9 Oct · Rating
Sep 2026
26 Sep · Meeting
7 Sep · Legal
The exchange asked on 4 Sep 2026
3 Sep · Corporate action
HBL Engineering share price by year
Each calendar year to 2025.HBL Engineering share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 926.60 | +49.0% | 1,098.80 | 406.40 |
| 2024 | 621.85 | +42.5% | 704.90 | 401.40 |
| 2023 | 436.40 | +312.9% | 467.45 | 90.00 |
| 2022 | 105.70 | +67.9% | 118.90 | 57.20 |
| 2021 | 62.95 | +53.2% | 67.35 | 30.90 |
| 2020 | 41.10 | +159.3% | 42.20 | 10.20 |
| 2019 | 15.85 | −45.1% | 28.85 | 13.05 |
| 2018 | 28.85 | −59.9% | 73.80 | 24.15 |
| 2017 | 71.95 | +98.5% | 74.40 | 37.85 |
| 2016 | 36.25 | −19.1% | 46.60 | 29.60 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 786.00 | 786.00 | 744.40 | 769.85 | 763.76 | 20,56,404 | 28.9% |
| 22 Oct 2026 | 777.00 | 813.80 | 766.50 | 784.45 | 793.70 | 28,37,401 | 19.9% |
| 21 Oct 2026 | 806.00 | 814.95 | 779.45 | 786.60 | 799.11 | 27,39,261 | 35.6% |
| 19 Oct 2026 | 827.40 | 832.85 | 800.40 | 812.95 | 811.08 | 54,97,271 | 20.8% |
| 16 Oct 2026 | 711.60 | 842.00 | 702.00 | 833.15 | 807.12 | 3,91,19,356 | 9.4% |
| 15 Oct 2026 | 719.00 | 723.95 | 708.00 | 710.45 | 712.72 | 5,23,782 | 47.0% |
| 14 Oct 2026 | 713.10 | 726.00 | 710.05 | 719.20 | 719.57 | 7,70,248 | 39.7% |
| 13 Oct 2026 | 722.10 | 726.55 | 701.00 | 712.75 | 710.36 | 13,32,276 | 40.0% |
| 12 Oct 2026 | 726.00 | 738.50 | 722.15 | 730.35 | 730.73 | 8,49,484 | 40.7% |
| 9 Oct 2026 | 730.00 | 734.20 | 717.10 | 719.05 | 723.47 | 8,46,425 | 36.1% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 24 Nov 2009 | Split | 0.1000 | Each share became 10. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
About HBL Engineering
HBL Engineering is an Indian manufacturer of specialised batteries and electronics for defence, railways and industry. It develops its products in-house, choosing items that India otherwise imports or assembles under foreign collaboration, and sells to system integrators, railway, aviation and defence customers as well as government bodies such as the Indian Air Force and Indian Navy.
The business is organised in three segments. Industrial Electronics covers rail signalling, including Kavach, train management systems, and electric drive trains for trucks and maritime vessels. Industrial Batteries covers lead, nickel cadmium and lithium batteries. The Defence segment makes batteries for aircraft, missiles, torpedoes, submarines and battle tanks, along with electronic fuzes for ammunition.
Its manufacturing facilities are in Telangana and Andhra Pradesh, including sites at Shameerpet near Hyderabad and in the Visakhapatnam special economic zone. It has subsidiaries in the USA and Germany that handle sales and service of its exports, and it serves customers in over 50 countries. It had 2,455 employees on 31 March 2026.
The business began in 1977 by making batteries for defence aircraft, and the company was incorporated in 1986. Over the following decades it added other battery types, defence electronics, railway signalling, electronic fuzes and electric drive trains. Cochin Shipyard and HBL have formed a joint venture, Green Maritime Propulsion Pvt Ltd, for electric propulsion of vessels.
- Legal name
- HBL Engineering Limited
- NSE symbol
- HBLENGINE
- BSE code
- 517271
- ISIN
- INE292B01021
- Industry
- Industrial Products
- Listed
- Jul 1992 on BSE, Jan 2007 on NSE
- Face value
- ₹1
- Former symbols
- HBLPOWER
- CIN
- L40109TG1986PLC006745
- Corporate identity number, the registrar of companies' code for it
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