| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 638 | 602 | +6.0% |
| EBITDA | 147 | 192 | −23.5% |
| EBITDA margin | 23.0% | 31.9% | −8.9 pts |
| Profit before tax | 149 | 191 | −21.6% |
| Net profit | 109 | 143 | −23.8% |
| EPS | ₹3.95 | ₹5.16 | −23.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 22,452 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 669 | 669 | 198 | 223 | 132 | ||
| −0.8 | −0.8 | −0.4 | −0.7 | 0.0 | ||
| 44.0 | 44.0 | 54.7 | 59.3 | 77.7 | ||
| 21,826 | — | — | — | — | ||
| 3,339 | 3,303 | 1,967 | 2,233 | 1,369 | ||
| — | +67.9% | −11.9% | +63.2% | — | ||
| 1,068 | 1,113 | 392 | 423 | 151 | ||
| 32.0% | 33.7% | 19.9% | 19.0% | 11.1% | ||
| 1,016 | 1,062 | 348 | 382 | 116 | ||
| 781 | 815 | 277 | 281 | 98.7 | ||
| 23.4% | 24.7% | 14.1% | 12.6% | 7.2% | ||
| ₹28.17 | ₹29.40 | ₹9.99 | ₹10.13 | ₹3.56 | ||
| — | +194.3% | −1.4% | +184.7% | — | ||
| — | 780 | 463 | 424 | 151 | ||
| — | −150 | −122 | −53.2 | −65.0 | ||
| 629 | 629 | 341 | 371 | 86.4 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 22,451.8 | |
| - Cash, Equiv & ST Investments | 132.0 | 223.5 | 197.7 | 668.7 | 668.7 | |
| + Minority Interest | 0.0 | -0.7 | -0.4 | -0.8 | -0.8 | |
| + Total Debt | 77.7 | 59.3 | 54.7 | 44.0 | 44.0 | |
| Enterprise Value | — | — | — | — | 21,826.3 | |
| Revenue | 1,368.7 | 2,233.4 | 1,967.2 | 3,302.8 | 3,339.1 | |
| Growth %, YoY | — | +63.2 | -11.9 | +67.9 | — | |
| EBITDA | 151.4 | 423.5 | 392.0 | 1,113.0 | 1,067.9 | |
| Margin % | 11.06 | 18.96 | 19.93 | 33.70 | 31.98 | |
| EBIT | 116.0 | 382.2 | 347.9 | 1,062.4 | 1,016.3 | |
| Net Income | 98.7 | 280.9 | 276.9 | 814.9 | 780.8 | |
| Margin % | 7.21 | 12.58 | 14.08 | 24.67 | 23.38 | |
| EPS, Adj (current shares) | 3.56 | 10.13 | 9.99 | 29.40 | 28.17 | |
| Growth %, YoY | — | +184.7 | -1.4 | +194.3 | — | |
| Cash from Operations | 151.4 | 423.8 | 463.0 | 779.6 | — | |
| Capital Expenditures | -65.0 | -53.2 | -121.6 | -150.3 | — | |
| Free Cash Flow | 86.4 | 370.6 | 341.3 | 629.3 | 629.3 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
HBL Engineering (NSE: HBLENGINE) had a market capitalisation of ₹22,613 crore at the 29 October 2026 close (₹815.75 a share), a PE ratio of 29.0 on the last four quarters' profit and a price-to-book ratio of 10.21. In FY26 its consolidated net profit was ₹815 crore on revenue of ₹3,303 crore; in Q1 FY27 (April–June 2026) it was ₹109 crore, down 23.9% year on year. Its debt-to-equity ratio was 0.02 on 31 March 2026. Promoters held 59.11% of the shares on 30 September 2026.
HBL Engineering's PE ratio is 29.0 at the 29 October 2026 close (₹815.75 a share): a market capitalisation of ₹22,613 crore divided by consolidated net profit of ₹781 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹815 crore) it is 27.7.
HBL Engineering's debt-to-equity ratio was 0.02 on 31 March 2026: borrowings of ₹44 crore against total equity of ₹2,213 crore. A year earlier, on 31 March 2025, it was 0.04.
HBL Engineering's net worth — shareholders' equity in its consolidated balance sheet — was ₹2,214 crore on 31 March 2026, up 49.3% from ₹1,483 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹22,613 crore at the 29 October 2026 close.
HBL Engineering's price-to-book (PB) ratio is 10.21 at the 29 October 2026 close: a market capitalisation of ₹22,613 crore divided by shareholders' equity (book value) of ₹2,214 crore on 31 March 2026. That is a book value of ₹79.88 per share against a share price of ₹815.75.
In FY26, HBL Engineering's return on equity (ROE) was 44.1% and its return on capital employed (ROCE) was 54.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 20.5% and ROCE 24.8%.
HBL Engineering's book value per share was ₹79.88 on 31 March 2026: shareholders' equity of ₹2,214 crore divided by the 27.72 crore shares in issue, up 49.3% from ₹53.49 a year earlier. The share price at the 29 October 2026 close was ₹815.75.
HBL Engineering's market capitalisation was ₹22,613 crore at the 29 October 2026 close: 27.72 crore shares at ₹815.75 each.
No. HBL Engineering had borrowings of ₹44 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.02. Its cash and current investments were ₹692 crore, so it held net cash of ₹648 crore.
HBL Engineering's basic earnings per share (EPS) were ₹29.39 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹28.18.
HBL Engineering's dividend yield is 0.37% at the 29 October 2026 close: dividends of ₹3 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹815.75. They were ₹1 on 11 September 2026 and ₹2 on 13 February 2026 (interim).
In 2026, HBL Engineering has declared two dividends totalling ₹3 a share: ₹2 (interim) with record date 13 February 2026 and ₹1 with record date 11 September 2026.
In FY26, HBL Engineering generated ₹780 crore of cash from operations and spent ₹150 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹629 crore. In FY25 it was ₹341 crore.
Promoters held 59.11% of HBL Engineering on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
HBL Engineering's latest results are for Q1 FY27 (April–June 2026), filed on 8 August 2026: consolidated net profit ₹109 crore, down 23.9% from ₹143 crore in Q1 FY26; revenue from operations ₹638 crore, up 6.0% year on year.
HBL Engineering will announce its Q2 FY27 results (July–September 2026) on Saturday, 7 November 2026, the date of the board meeting it has notified to the exchanges.
On 30 September 2026, HBL Engineering's shares were held by promoters 59.11%, foreign portfolio investors (FII/FPI) 5.34%, domestic institutions (DII) 1.64% (including mutual funds at 1.10%) and retail and other non-institutional investors 33.91%. Over the year, FII holding was down 1.76 percentage points from 7.10% and DII holding was up 0.99 percentage points from 0.65%.
In FY26 (April 2025–March 2026), HBL Engineering's consolidated net profit was ₹815 crore, up 194.3% from ₹277 crore in FY25, on revenue from operations of ₹3,303 crore (up 67.9%). Over three years, from FY23, net profit was up 726.0%.
On FY26 consolidated figures, against Exide Industries and BEL: HBL Engineering's operating margin of 32.2% is the highest of the three (Exide Industries 7.1%, BEL 27.1%; peer average 17.1%); its return on equity of 44.1% is the highest of the three (Exide Industries 6.1%, BEL 27.6%; peer average 16.9%); its revenue growth over three years of 34.1% a year is the highest of the three (Exide Industries 6.1% a year, BEL 15.9% a year; peer average 11.0% a year).
At the 29 October 2026 closing prices, on FY26 net profit, HBL Engineering's PE ratio is 27.7, the lowest of the three: Exide Industries 34.3 and BEL 44.6, a peer average of 39.5. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, HBL Engineering earned net profit of ₹815 crore on revenue of ₹3,303 crore, against ₹854 crore on ₹17,995 crore for Exide Industries. HBL Engineering's operating margin was 32.2% (Exide Industries 7.1%) and its return on equity 44.1% (Exide Industries 6.1%). At the 29 October 2026 close, HBL Engineering's market capitalisation was ₹22,613 crore against ₹29,291 crore for Exide Industries, and its PE ratio on FY26 profit 27.7 against 34.3.
From HBL Engineering's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.