In ₹ Crore except Per Share Latest Annual	HBLENGINE FY26	EXIDEIND FY26	BEL FY26	GRSE FY25	Peer Average
Valuation — at last close
P/E	◆ 27.76×	34.29×	44.63×	41.77×	40.23× -31%
P/B	10.21×	◆ 2.11×	11.27×	10.60×	7.99× +28%
EV/EBITDA	19.73×	◆ 15.68×	32.54×	43.44×	30.55× -35%
Market Cap	₹22,613 Cr	₹29,291 Cr	₹2.70L Cr	₹22,031 Cr	₹1.07L Cr -79%
Growth
Revenue CAGR 3Y	34.13%	6.07%	15.90%	◆ 42.41%	21.46% +59%
Revenue CAGR 5Y	◆ 29.35%	—	14.37%	28.78%	21.57% +36%
Net Income CAGR 3Y	◆ 102.15%	1.48%	26.62%	40.66%	22.92% +346%
Revenue YoY (latest Q)	6.03%	17.75%	◆ 24.94%	—	21.34% -72%
Net Income YoY (latest Q)	-23.82%	◆ 27.94%	8.82%	—	18.38% -230%
Profitability
EBITDA Margin	◆ 33.70%	10.39%	29.15%	8.30%	15.95% +111%
Net Income Margin	◆ 24.67%	4.78%	21.96%	10.39%	12.38% +99%
Return on Common Equity	◆ 44.08%	6.14%	27.58%	28.11%	20.61% +114%
Return on Capital Employed	◆ 54.09%	8.28%	32.33%	18.94%	19.85% +172%
Return on Assets	◆ 33.12%	4.04%	14.20%	5.12%	7.79% +325%
Credit & Quality
Total Debt/Equity	0.02×	0.08×	◆ 0.00×	0.00×	0.03× -25%
Interest Coverage	72.32×	10.35×	◆ 1113.47×	36.69×	386.84× -81%
Scale — latest FY
Revenue / Total Income	₹3,303 Cr	₹17,995 Cr	₹27,610 Cr	₹5,076 Cr	₹16,894 Cr -80%
Net Income	₹815 Cr	₹860 Cr	₹6,062 Cr	₹527 Cr	₹2,483 Cr -67%
Total Assets	₹2,942 Cr	₹21,220 Cr	₹44,538 Cr	₹10,354 Cr	₹25,371 Cr -88%
EPS	₹29.39	₹10.05	₹8.29	₹46.04	₹21.46 +37%
Book Value per Share	₹79.88	₹163.59	₹32.82	₹181.51	₹125.97 -37%

◆ best value in the comp set per metric · Δ = subject vs average of the other companies.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.