- Valuation
- ₹8,057 Cr

About HBL Power Systems
HBL Power Systems is a publicly listed company based in Hyderabad (India) founded in 1977. The company has 7,310 employees. Its website hbl.in draws about 28 thousand monthly visits. Its Indian entity Hbl Engineering Limited reported revenue of βΉ3,378 Cr. Its focus areas include Energy, Energy Storage, Battery and Multi Chemistry.
Company details
Manufacturers of batteries and DC power systems. It is one of the largest indigenous power system developer in India with expertise in battery manufacturing and power electronics. The company manufactures lead-acid batteries, lithium based batteries, silver-zinc, nickel-cadmium and other forms of batteries required for aerospace, defense, industrial and other commercial purpose. Apart from batteries, it provides rectifiers, chargers, BMS, Concrete products and other offgrid solar systems.
Recognitions & Rankings of HBL Power Systems
- Market Cap₹22,350 Cr
HBLENGINE · NSE
- Share Price₹808.55
+0.28% today
- Revenue₹3,303 Cr
FY 2025-26 · +67.9% YoY
- EBITDA₹1,082 Cr
Margin 32.8%
- Net Profit₹838 Cr
FY 2025-26 · +201.8% YoY
- P/E (TTM)38.2x
P/B 8.9x
- ROE44.1%
ROCE 55.1%
- Debt / Equity0.04
Interest cover 1.4x
- Latest Funding Round$27.55M (USD), Post-IPO
Feb 2013
- InvestorsOman India Joint Investment Fund
& 1 more
- Employee Count7,310
Associated legal entities of HBL Power Systems
HBL Power Systems is associated with 5 registered companies on The Company Check; the primary company is Hbl Engineering Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hbl Engineering Limited Listed CIN L40109TG1986PLC006745 | Active | 29 Aug 1986 | Hyderabad, Telangana | ₹3,378 Cr | 1,741 | 10 | View details |
| Scil Infra Con Private Limited CIN U45400TG2007PTC054295 | Active | 05 Jun 2007 | Secunderabad, Telangana | ₹0.6 Cr | 2 | View details | |
| Naval Systems And Technologies Private Limited CIN U31403TG2006PTC051006 | Active | 29 Aug 2006 | Hyderabad, Telangana | ₹29.1 Cr | 3 | View details | |
| Torquedrive Technologies Private Limited CIN U29100TG2021PTC148083 | Active | 27 Jan 2021 | Hyderabad, Telangana | 2 | View details | ||
| Hbl Tonbo Private Limited CIN U31900TG2022PTC166577 | Active | 12 Sep 2022 | Hyderabad, Telangana | $272.0M | 2 | View details |
Funding Insights of HBL Power Systems
- Total Rounds 1
- Last Round Post-IPO β $27.55M
- First Round $27.55M
(Feb 2013)
- Investors Count 2
All 1 funding rounds of HBL Power Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2013 | $27.55M | Post-IPO | β | β |
2 investors in total: 2 institutional.
Investors in HBL Power Systems
HBL Power Systems has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Oman India Joint Investment Fund and BanyanTree Finance.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| oijif.com | ||||
| banyantreefinance.com |
Investor details for HBL Power Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Hbl Engineering Limited (HBL Power Systems)
Hbl Engineering Limited is the primary company behind HBL Power Systems. The boards of the 5 registered companies of HBL Power Systems currently have 12 directors; the longest-serving is Srinath Satyanarayana Subramanya Mikkilineni, appointed in 2006. 37 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srinath Satyanarayana Subramanya Mikkilineni DIN 00319175 | Director | 29 Aug 2006 | 20 yrs 2 mo | Naval Systems And Technologies Private Limited, Torquedrive Technologies Private Limited, Hbl Engineering Limited |
| Arvind Sharma DIN 01483101 | Whole-time director | 01 Jun 2007 | 19 yrs 5 mo | Naval Systems And Technologies Private Limited |
| Aluru Jagadish Prasad DIN 00057275 | Managing Director | 01 Jun 2008 | 18 yrs 5 mo | Hbl Engineering Limited |
| Kumar Mylavarapu Venkata Satya Subramanya DIN 02730929 | Director | 01 Apr 2010 | 16 yrs 7 mo | Scil Infra Con Private Limited |
| Kavita Prasad Aluru DIN 00319292 | Director | 15 Jun 2011 | 15 yrs 4 mo | Naval Systems And Technologies Private Limited, Torquedrive Technologies Private Limited, Hbl Tonbo Private Limited, Hbl Engineering Limited |
| Venkata Sriram Karipineni DIN 00073911 | Director | 07 Feb 2018 | 8 yrs 9 mo | Hbl Engineering Limited |
| Richa Datta DIN 08084501 | Director | 15 Mar 2018 | 8 yrs 7 mo | Hbl Engineering Limited |
| Prabhakar Murthy Nittla DIN 08095279 | Director | 30 Mar 2018 | 8 yrs 7 mo | Scil Infra Con Private Limited |
| Kondangi Lakshmikumar Arvind DIN 02261469 | Director | 12 Sep 2022 | 4 yrs 2 mo | Hbl Tonbo Private Limited |
| Deeksha Mikkilineni DIN 10267611 | Director | 11 Aug 2023 | 3 yrs 3 mo | Hbl Engineering Limited |
| Narsing Rao Singayapally DIN 00800362 | Director | 07 Feb 2024 | 2 yrs 9 mo | Hbl Engineering Limited |
| Aparna Surabhi DIN 01641633 | Director | 27 May 2024 | 2 yrs 5 mo | Hbl Engineering Limited |
People of HBL Power Systems
24 people are tracked at HBL Power Systems (9 in leadership, 15 in team); the tracked headcount is 7,310.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
Jai Desai | Regional Head - Gujarat | Leadership |
Ravi Prattipati | Additional General Manager | Leadership |
Bob Herritty | Executive Director International Business | Leadership |
Syed Junaid Ghouse | General Manager - International Business | Leadership |
Rajaiah Katipalli | Manufacturing Head | Leadership |
Rama Prasad N | Sr.manager - Tubular Gel VRLA Battery (operations Head) | Leadership |
Pradeep Kongalla | General Manager | Leadership |
Hari Shankar Medipally | Head Of Supply Chain Management | Leadership |
Saiisarran Konaanki | Internship | Team |
Raghavendra Singh | Business Manager | Team |
Phanikishore Burra | Manager Of Operations | Team |
Brijesh Kumar | Field Services Engineer | Team |
Vamsi Krishna | Senior Design Engineer | Team |
Venkatesh Maddukuri | Hardware BMS Design Engineer | Team |
Sai Priya | Assistant Manager | Team |
Ravi Dooda | Senior Executive Human Resources | Team |
Raghu Ram Gunna | Assistant Manager | Team |
Nicky Koganti | Senior Design Engineer | Team |
Pv Ram Kumar | Supply Chain Engineer | Team |
4 more people are available in the full profile.
Complete people profiles for HBL Power Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of HBL Power Systems
HBL Power Systems is a publicly listed company on the NSE with ticker symbol HBLENGINE in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date04 Jan 2007
- Listed onNSE: HBLPOWER
- Listed entityHBL Engineering Limited
- Exchange sectorProducer manufacturing
- ISININE292B01021
- Share price₹719.20 (+0.9% on the day) · 2026-10-14
- Market capitalisation₹19,789 Cr
- Price to earnings25.5
- EPS (diluted, trailing year)₹28.16
- Dividend yield0.42%
- Volume (last session)769,763
Financials of HBL Power Systems
Exchange-reported figures of Hbl Engineering Limited, the listed company behind HBL Power Systems (NSE: HBLENGINE).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,303 | 1,967 | 2,233 | 1,369 | 1,236 | 912 | 1,092 |
| Revenue growth | +67.9% | -11.9% | +63.2% | +10.7% | +35.5% | -16.5% | - |
| EBITDA | 1,082 | 392 | 395 | 148 | 130 | 60.63 | 74.77 |
| EBITDA margin | +32.8% | +19.9% | +17.7% | +10.8% | +10.5% | +6.7% | +6.9% |
| Profit before tax | 1,092 | 374 | 377 | 130 | 122 | 19.42 | 40.09 |
| Net profit | 838 | 278 | 302 | 97.64 | 85.81 | 17.10 | 23.00 |
| Net profit margin | +25.4% | +14.1% | +13.5% | +7.1% | +6.9% | +1.9% | +2.1% |
| EPS (βΉ) | 29.40 | 9.99 | 10.13 | 3.56 | 3.39 | 0.50 | 0.95 |
| Balance sheet | |||||||
| Total assets | 2,420 | 1,598 | 1,320 | 1,040 | 930 | 854 | 936 |
| Net worth | 2,214 | 1,483 | 1,221 | 951 | 866 | 782 | 773 |
| Total debt | 66.87 | 74.29 | 67.46 | 86.02 | 62.61 | 69.94 | 161 |
| Cash & bank | 552 | 143 | 235 | 146 | 105 | 68.24 | 74.93 |
| Net working capital | 1,365 | 766 | 772 | 628 | 556 | 490 | 588 |
| Cash flow | |||||||
| Cash from operations | 738 | 247 | 270 | 122 | 62.47 | 121 | 149 |
| Cash from investing | (214) | (320) | (137) | (49.71) | (16.77) | (32.02) | (5.73) |
| Cash from financing | (113) | (33.37) | (42.27) | 9.56 | (22.32) | (104) | (114) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 872 | 638 | 604 | 874 | 1,223 | 602 | 476 | 451 |
| Revenue growth (YoY) | -28.7% | +6.0% | +27.0% | +94.0% | +134.7% | +15.7% | - | - |
| Other income | 35.27 | 20.56 | 13.03 | 10.54 | 15.78 | 19.64 | 6.83 | 1.54 |
| EBITDA | 230 | 147 | 71.35 | 301 | 520 | 189 | 78.40 | 93.52 |
| EBITDA margin | +26.4% | +23.0% | +11.8% | +34.5% | +42.5% | +31.4% | +16.5% | +20.8% |
| Depreciation | 13.25 | 12.43 | 14.64 | 12.29 | 12.16 | 11.54 | 10.91 | 11.19 |
| Interest | 6.31 | 5.41 | 2.29 | 2.59 | 3.46 | 6.35 | 3.69 | 4.65 |
| Profit before tax | 246 | 149 | 67.45 | 297 | 520 | 191 | 70.63 | 79.22 |
| Tax | 60.05 | 38.54 | 12.27 | 79.53 | 133 | 48.67 | 18.31 | 20.83 |
| Net profit | 186 | 111 | 55.18 | 218 | 387 | 142 | 52.32 | 58.39 |
| EPS (βΉ) | 6.95 | 3.95 | 2.32 | 7.95 | 13.96 | 5.16 | 1.66 | 2.31 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,252 | 1,946 | 2,209 | 1,350 | 1,222 | 909 | 1,077 |
| Revenue growth | +67.1% | -11.9% | +63.6% | +10.5% | +34.4% | -15.6% | - |
| EBITDA | 1,071 | 390 | 388 | 144 | 126 | 61.53 | 72.66 |
| EBITDA margin | +32.9% | +20.0% | +17.6% | +10.7% | +10.3% | +6.8% | +6.8% |
| Profit before tax | 1,068 | 362 | 355 | 126 | 118 | 19.44 | 37.64 |
| Net profit | 820 | 268 | 285 | 94.52 | 81.40 | 18.09 | 20.92 |
| Net profit margin | +25.2% | +13.8% | +12.9% | +7.0% | +6.7% | +2.0% | +1.9% |
| EPS (βΉ) | 28.74 | 9.65 | 9.52 | 3.45 | 3.23 | 0.53 | 0.87 |
| Balance sheet | |||||||
| Total assets | 2,331 | 1,560 | 1,294 | 1,039 | 935 | 863 | 942 |
| Net worth | 2,172 | 1,458 | 1,205 | 956 | 872 | 793 | 783 |
| Total debt | 55.15 | 62.55 | 55.75 | 81.48 | 60.64 | 67.44 | 158 |
| Cash & bank | 537 | 137 | 232 | 144 | 103 | 67.37 | 73.95 |
| Net working capital | 1,326 | 763 | 771 | 631 | 566 | 504 | 600 |
| Cash flow | |||||||
| Cash from operations | 713 | 235 | 285 | 122 | 60.98 | 113 | 147 |
| Cash from investing | (200) | (310) | (146) | (48.25) | (16.84) | (24.26) | (2.85) |
| Cash from financing | (110) | (32.78) | (47.49) | 8.41 | (21.81) | (103) | (114) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 863 | 620 | 597 | 864 | 1,203 | 588 | 460 | 455 |
| Revenue growth (YoY) | -28.3% | +5.4% | +29.9% | +90.0% | +131.2% | +15.0% | - | - |
| Other income | 27.92 | 20.43 | 12.28 | 10.60 | 15.86 | 19.65 | 7.45 | 1.53 |
| Total expenses | 636 | 481 | 525 | 563 | 690 | 402 | 383 | 360 |
| EBITDA | 227 | 139 | 72.01 | 300 | 514 | 185 | 77.14 | 95.04 |
| EBITDA margin | +26.3% | +22.4% | +12.1% | +34.8% | +42.7% | +31.6% | +16.8% | +20.9% |
| Depreciation | 12.61 | 11.72 | 13.89 | 11.70 | 11.57 | 10.94 | 10.65 | 10.63 |
| Interest | 6.06 | 5.14 | 2.05 | 2.31 | 3.18 | 6.05 | 3.37 | 4.34 |
| Profit before tax | 236 | 142 | 68.35 | 297 | 515 | 188 | 70.57 | 81.60 |
| Tax | 57.89 | 36.99 | 11.18 | 79.20 | 132 | 48.40 | 19.29 | 20.12 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 872 | 638 | 604 | 874 | 1,223 | 602 | 476 | 451 |
| Revenue growth (YoY) | -28.7% | +6.0% | +27.0% | +94.0% | +134.7% | +15.7% | - | - |
| Other income | 35.27 | 20.56 | 13.03 | 10.54 | 15.78 | 19.64 | 6.83 | 1.54 |
| EBITDA | 230 | 147 | 71.35 | 301 | 520 | 189 | 78.40 | 93.52 |
| EBITDA margin | +26.4% | +23.0% | +11.8% | +34.5% | +42.5% | +31.4% | +16.5% | +20.8% |
| Depreciation | 13.25 | 12.43 | 14.64 | 12.29 | 12.16 | 11.54 | 10.91 | 11.19 |
| Interest | 6.31 | 5.41 | 2.29 | 2.59 | 3.46 | 6.35 | 3.69 | 4.65 |
| Profit before tax | 246 | 149 | 67.45 | 297 | 520 | 191 | 70.63 | 79.22 |
| Tax | 60.05 | 38.54 | 12.27 | 79.53 | 133 | 48.67 | 18.31 | 20.83 |
| Net profit | 186 | 111 | 55.18 | 218 | 387 | 142 | 52.32 | 58.39 |
| EPS (βΉ) | 6.95 | 3.95 | 2.32 | 7.95 | 13.96 | 5.16 | 1.66 | 2.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,303 | 1,967 | 2,233 | 1,369 | 1,236 | 912 | 1,092 |
| Revenue growth | +67.9% | -11.9% | +63.2% | +10.7% | +35.5% | -16.5% | - |
| Other income | 75.40 | 39.51 | 35.64 | 23.61 | 34.87 | 12.31 | 28.27 |
| Total expenses | 2,221 | 1,576 | 1,838 | 1,220 | 1,106 | 851 | 1,017 |
| Employee cost | 202 | 160 | 139 | 107 | 96.31 | 81.42 | 89.56 |
| EBITDA | 1,082 | 392 | 395 | 148 | 130 | 60.63 | 74.77 |
| EBITDA margin | +32.8% | +19.9% | +17.7% | +10.8% | +10.5% | +6.7% | +6.9% |
| Depreciation | 50.63 | 44.19 | 41.26 | 35.46 | 35.08 | 38.81 | 40.75 |
| Interest | 14.69 | 13.02 | 12.94 | 6.55 | 7.48 | 14.71 | 22.20 |
| Profit before tax | 1,092 | 374 | 377 | 130 | 122 | 19.42 | 40.09 |
| Tax | 277 | 97.37 | 96.43 | 31.36 | 28.69 | 5.70 | 13.87 |
| Net profit | 838 | 278 | 302 | 97.64 | 85.81 | 17.10 | 23.00 |
| Net profit margin | +25.4% | +14.1% | +13.5% | +7.1% | +6.9% | +1.9% | +2.1% |
| EPS (βΉ) | 29.40 | 9.99 | 10.13 | 3.56 | 3.39 | 0.50 | 0.95 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 |
| Reserves & surplus | 2,187 | 1,455 | 1,193 | 924 | 838 | 754 | 745 |
| Shareholders' funds (net worth) | 2,214 | 1,483 | 1,221 | 951 | 866 | 782 | 773 |
| Minority interest | (0.76) | (0.42) | (0.68) | 0.00 | 0.01 | 0.00 | 0.00 |
| Secured loans | 8.64 | 25.07 | 40.33 | 49.40 | 31.06 | 28.57 | 126 |
| Unsecured loans | 58.23 | 49.22 | 27.13 | 36.62 | 31.55 | 41.37 | 35.22 |
| Total debt | 66.87 | 74.29 | 67.46 | 86.02 | 62.61 | 69.94 | 161 |
| Total liabilities | 2,420 | 1,598 | 1,320 | 1,040 | 930 | 854 | 936 |
| Assets | |||||||
| Gross block | 964 | 898 | 817 | 756 | 695 | 710 | 745 |
| Net block | 441 | 397 | 354 | 320 | 265 | 279 | 304 |
| Capital work in progress | 127 | 68.18 | 20.40 | 50.09 | 81.33 | 42.86 | 26.96 |
| Investments | 402 | 290 | 108 | 8.73 | 7.73 | 7.07 | 6.06 |
| Inventories | 562 | 534 | 433 | 336 | 307 | 290 | 304 |
| Sundry debtors | 646 | 373 | 352 | 312 | 293 | 254 | 305 |
| Cash & bank balances | 552 | 143 | 235 | 146 | 105 | 68.24 | 74.93 |
| Loans & advances | 124 | 88.46 | 78.05 | 77.92 | 43.84 | 48.29 | 58.01 |
| Total current assets | 1,884 | 1,138 | 1,098 | 872 | 748 | 660 | 742 |
| Total current liabilities | 520 | 372 | 326 | 244 | 192 | 170 | 155 |
| Net working capital | 1,365 | 766 | 772 | 628 | 556 | 490 | 588 |
| Total assets | 2,420 | 1,598 | 1,320 | 1,040 | 930 | 854 | 936 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 117 | 223 | 132 | 49.73 | 26.35 | 40.80 | 11.80 |
| Net cash from operating activities | 738 | 247 | 270 | 122 | 62.47 | 121 | 149 |
| Net cash from investing activities | (214) | (320) | (137) | (49.71) | (16.77) | (32.02) | (5.73) |
| Net cash from financing activities | (113) | (33.37) | (42.27) | 9.56 | (22.32) | (104) | (114) |
| Net change in cash | 411 | (107) | 91.45 | 82.28 | 23.38 | (14.45) | 29.01 |
| Closing cash | 552 | 143 | 235 | 146 | 105 | 68.24 | 74.93 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +67.9% | -11.9% | +63.2% | +10.7% | +35.5% | -16.5% | - |
| EBITDA growth | +176.3% | -1.0% | +166.8% | +13.9% | +114.6% | -18.9% | - |
| PBT growth | +192.0% | -0.8% | +190.3% | +6.1% | +530.2% | -51.6% | -6.4% |
| Net income growth | +201.8% | -8.0% | +208.9% | +13.8% | +401.8% | -25.7% | - |
| Revenue CAGR (3Y) | +34.1% | +16.8% | +34.8% | +7.8% | -0.8% | -17.1% | -8.3% |
| EBITDA CAGR (3Y) | +94.0% | +44.4% | +86.8% | +25.6% | +10.2% | -18.9% | -16.1% |
| Profitability & leverage | |||||||
| Net income margin | +24.7% | +14.1% | +12.6% | +7.2% | +7.6% | +1.5% | +2.4% |
| Return on capital employed | +55.1% | +26.5% | +33.0% | +13.8% | +14.6% | +4.4% | +5.9% |
| Return on net worth | +44.1% | +20.5% | +25.8% | +10.8% | +11.4% | +2.2% | +3.0% |
| Debt / equity | 0.04 | 0.05 | 0.07 | 0.08 | 0.08 | 0.15 | 0.26 |
| Long-term debt / equity | 0.01 | 0.02 | 0.03 | 0.05 | 0.04 | 0.02 | 0.01 |
| Interest cover | 1.42 | 3.75 | 3.65 | 5.81 | 7.87 | 67.42 | 65.26 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.55 | 2.29 | 2.84 | 1.89 | 1.76 | 1.25 | 1.46 |
| Inventory turnover | 6.03 | 4.07 | 5.81 | 4.26 | 4.14 | 3.07 | 3.47 |
| Debtors turnover | 6.48 | 5.42 | 6.72 | 4.53 | 4.53 | 3.26 | 3.27 |
| EPS (βΉ) | 29.40 | 9.99 | 10.13 | 3.56 | 3.39 | 0.50 | 0.95 |
| Dividend per share (βΉ) | 3.00 | 1.00 | 0.50 | 0.45 | 0.40 | 0.35 | 0.30 |
| Book value per share (βΉ) | 79.88 | 53.49 | 44.03 | 34.32 | 31.23 | 28.21 | 27.88 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 863 | 620 | 597 | 864 | 1,203 | 588 | 460 | 455 |
| Revenue growth (YoY) | -28.3% | +5.4% | +29.9% | +90.0% | +131.2% | +15.0% | - | - |
| Other income | 27.92 | 20.43 | 12.28 | 10.60 | 15.86 | 19.65 | 7.45 | 1.53 |
| Total expenses | 636 | 481 | 525 | 563 | 690 | 402 | 383 | 360 |
| EBITDA | 227 | 139 | 72.01 | 300 | 514 | 185 | 77.14 | 95.04 |
| EBITDA margin | +26.3% | +22.4% | +12.1% | +34.8% | +42.7% | +31.6% | +16.8% | +20.9% |
| Depreciation | 12.61 | 11.72 | 13.89 | 11.70 | 11.57 | 10.94 | 10.65 | 10.63 |
| Interest | 6.06 | 5.14 | 2.05 | 2.31 | 3.18 | 6.05 | 3.37 | 4.34 |
| Profit before tax | 236 | 142 | 68.35 | 297 | 515 | 188 | 70.57 | 81.60 |
| Tax | 57.89 | 36.99 | 11.18 | 79.20 | 132 | 48.40 | 19.29 | 20.12 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,252 | 1,946 | 2,209 | 1,350 | 1,222 | 909 | 1,077 |
| Revenue growth | +67.1% | -11.9% | +63.6% | +10.5% | +34.4% | -15.6% | - |
| Other income | 58.46 | 26.30 | 18.93 | 22.41 | 33.90 | 10.83 | 27.10 |
| Total expenses | 2,181 | 1,557 | 1,821 | 1,205 | 1,095 | 847 | 1,004 |
| Employee cost | 248 | 170 | 150 | 104 | 94.93 | 78.61 | 86.81 |
| EBITDA | 1,071 | 390 | 388 | 144 | 126 | 61.53 | 72.66 |
| EBITDA margin | +32.9% | +20.0% | +17.6% | +10.7% | +10.3% | +6.8% | +6.8% |
| Depreciation | 48.10 | 42.44 | 39.41 | 34.31 | 34.67 | 38.43 | 40.25 |
| Interest | 13.59 | 11.76 | 12.42 | 6.23 | 7.27 | 14.49 | 21.87 |
| Profit before tax | 1,068 | 362 | 355 | 126 | 118 | 19.44 | 37.64 |
| Tax | 271 | 94.16 | 91.38 | 30.79 | 28.76 | 4.87 | 13.56 |
| Net profit | 820 | 268 | 285 | 94.52 | 81.40 | 18.09 | 20.92 |
| Net profit margin | +25.2% | +13.8% | +12.9% | +7.0% | +6.7% | +2.0% | +1.9% |
| EPS (βΉ) | 28.74 | 9.65 | 9.52 | 3.45 | 3.23 | 0.53 | 0.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 |
| Reserves & surplus | 2,145 | 1,431 | 1,178 | 928 | 844 | 765 | 755 |
| Shareholders' funds (net worth) | 2,172 | 1,458 | 1,205 | 956 | 872 | 793 | 783 |
| Secured loans | 0.51 | 16.20 | 31.85 | 47.29 | 30.63 | 27.75 | 125 |
| Unsecured loans | 54.64 | 46.35 | 23.90 | 34.19 | 30.01 | 39.69 | 32.98 |
| Total debt | 55.15 | 62.55 | 55.75 | 81.48 | 60.64 | 67.44 | 158 |
| Total liabilities | 2,331 | 1,560 | 1,294 | 1,039 | 935 | 863 | 942 |
| Assets | |||||||
| Gross block | 944 | 878 | 789 | 732 | 685 | 708 | 742 |
| Net block | 427 | 384 | 345 | 317 | 263 | 277 | 301 |
| Capital work in progress | 127 | 68.18 | 17.99 | 49.22 | 80.63 | 42.86 | 26.96 |
| Investments | 366 | 266 | 93.25 | 8.09 | 5.14 | 3.45 | 3.43 |
| Inventories | 551 | 521 | 429 | 331 | 302 | 284 | 303 |
| Sundry debtors | 657 | 386 | 356 | 324 | 308 | 274 | 317 |
| Cash & bank balances | 537 | 137 | 232 | 144 | 103 | 67.37 | 73.95 |
| Loans & advances | 124 | 87.60 | 76.67 | 76.08 | 43.30 | 47.94 | 57.84 |
| Total current assets | 1,869 | 1,131 | 1,094 | 875 | 755 | 673 | 752 |
| Total current liabilities | 543 | 368 | 322 | 243 | 189 | 169 | 152 |
| Net working capital | 1,326 | 763 | 771 | 631 | 566 | 504 | 600 |
| Total assets | 2,331 | 1,560 | 1,294 | 1,039 | 935 | 863 | 942 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 113 | 221 | 130 | 47.80 | 25.48 | 39.82 | 9.40 |
| Net cash from operating activities | 713 | 235 | 285 | 122 | 60.98 | 113 | 147 |
| Net cash from investing activities | (200) | (310) | (146) | (48.25) | (16.84) | (24.26) | (2.85) |
| Net cash from financing activities | (110) | (32.78) | (47.49) | 8.41 | (21.81) | (103) | (114) |
| Net change in cash | 402 | (108) | 90.62 | 82.16 | 22.32 | (14.34) | 30.42 |
| Closing cash | 537 | 137 | 232 | 144 | 103 | 67.37 | 73.95 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +67.1% | -11.9% | +63.6% | +10.5% | +34.4% | -15.6% | - |
| EBITDA growth | +175.0% | +0.4% | +168.7% | +14.5% | +105.1% | -15.3% | - |
| PBT growth | +195.3% | +1.8% | +181.2% | +6.9% | +507.9% | -48.4% | -6.0% |
| Net income growth | +205.3% | -5.7% | +201.0% | +16.1% | +350.0% | -13.5% | - |
| Revenue CAGR (3Y) | +34.1% | +16.8% | +34.4% | +7.8% | -1.1% | -17.1% | -8.5% |
| EBITDA CAGR (3Y) | +95.0% | +45.6% | +84.8% | +25.7% | +9.7% | -18.5% | -16.0% |
| Profitability & leverage | |||||||
| Net income margin | +24.5% | +13.8% | +11.9% | +7.1% | +7.3% | +1.6% | +2.2% |
| Return on capital employed | +55.6% | +26.2% | +31.5% | +13.4% | +14.0% | +4.4% | +5.6% |
| Return on net worth | +43.9% | +20.1% | +24.4% | +10.5% | +10.7% | +2.3% | +2.7% |
| Debt / equity | 0.03 | 0.04 | 0.06 | 0.08 | 0.08 | 0.14 | 0.25 |
| Long-term debt / equity | 0.01 | 0.01 | 0.03 | 0.04 | 0.03 | 0.02 | 0.01 |
| Interest cover | 1.33 | 3.39 | 3.56 | 5.66 | 7.94 | 62.73 | 67.48 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.57 | 2.33 | 2.90 | 1.90 | 1.75 | 1.25 | 1.45 |
| Inventory turnover | 6.07 | 4.10 | 5.81 | 4.27 | 4.18 | 3.10 | 3.46 |
| Debtors turnover | 6.24 | 5.25 | 6.50 | 4.28 | 4.20 | 3.08 | 3.09 |
| EPS (βΉ) | 28.74 | 9.65 | 9.52 | 3.45 | 3.23 | 0.53 | 0.87 |
| Dividend per share (βΉ) | 3.00 | 1.00 | 0.50 | 0.45 | 0.40 | 0.35 | 0.30 |
| Book value per share (βΉ) | 78.37 | 52.61 | 43.48 | 34.48 | 31.46 | 28.61 | 28.24 |
Timeline of HBL Power Systems
3 dated milestones of HBL Power Systems across 36 years, from founding to its latest funding, stage changes and deals.
- Founded HBL Power Systems is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $27.6M.
Web traffic of HBL Power Systems
The website of HBL Power Systems (hbl.in) receives about 28K visits a month.
- Monthly visits28K
▼ 26.2% vs previous month
Websites whose visitors overlap most with HBL Power Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hblbatteries.com | 100% | 4.7K | #4,148,410 | View details | |
concordebattery.com | concordebattery.com | 82% | #2,396,455 | β | |
| bancoindia.com | 57% | 11.8K | #1,911,995 | View details | |
| cmcelectronics.ca | 47% | 11.1K | #1,898,004 | View details | |
hblrail.in | hblrail.in | 30% | β | ||
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 6 similar websites and full traffic analytics for HBL Power Systems
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- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Energy Storage
3 companies that operate in the same segment as HBL Power Systems (Energy Storage) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Batteries and automotive components are manufactured by Amara Raja Group. | 1985 | Hyderabad, Telangana, India | ||||
Lithium-ion battery packs for EVs and energy storage are manufactured. | 2018 | Noida, Uttar Pradesh, India | USD 1.5 M | USD 31.66 M | 8 | |
Automotive batteries and solar products are manufactured by Livguard. | 2014 | Gurugram, Haryana, India | USD 65.14 M | USD 411.14 M | 1,737 |
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Related news about Hbl Power Systems
Complete news archive for HBL Power Systems
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Frequently Asked Questions about HBL Power Systems
HBL Power Systems was founded in 1977 and raised its 1st funding round 36 years after it was founded.
HBL Power Systems is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
HBL Power Systems has 7,310 employees.
The primary company behind HBL Power Systems, Hbl Engineering Limited, reported revenue of βΉ3,378 Cr for FY 2026, up 68% year on year.
Manufacturers of batteries and DC power systems. It is one of the largest indigenous power system developer in India with expertise in battery manufacturing and power electronics. The company manufactures lead-acid batteries, lithium based batteries, silver-zinc, nickel-cadmium and other forms of batteries required for aerospace, defense, industrial and other commercial purpose. Apart from batteries, it provides rectifiers, chargers, BMS, Concrete products and other offgrid solar systems.
Yes, HBL Power Systems is publicly traded on NSE under the ticker symbol HBLENGINE.
HBL Power Systems has 2 investors. Key investors include Oman India Joint Investment Fund, and BanyanTree Finance.
HBL Power Systems is associated with 5 legal entities: Hbl Engineering Limited, Naval Systems And Technologies Private Limited, Torquedrive Technologies Private Limited and others.
The legal entities of HBL Power Systems currently have 14 directors, including Kavita Prasad Aluru, Srinath Satyanarayana Subramanya Mikkilineni, Arvind Sharma and others.
