HBLENGINE · HBL Engineering Ltd · Electronic Instr. & Controls
Last close, 30 Oct
28.8% below 52-week high
52-week range: as of 30 Oct 2026.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Stock Condition as of 30 Oct 2026 close
Slowest input: promoter pledge (disclosed quarterly), as of 18 Jul 2026
Chart
Fundamentals as of 15 Sep 2026 · the company's own latest record is 47 days old
Revenue (latest Q)
₹638 Cr
Revenue YoY
PAT YoY
-23.9%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
9
P/S (TTM)
6
Sector P/E
43.1
Dividend yield
+0.3%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| HBLENGINE (this stock) | 28.8 | 9 | +23.4% | +35.3% | 0.03 | +0.3% |
| ABB India | 94.7 | 16 | +21.9% | +32.0% | 0.02 | +0.4% |
| Hitachi Energy India | 135.3 | 26.5 | +12.6% | +22.2% | 0.02 | +0.0% |
| CG Power and Industrial Solutions | 114.8 | 17.9 | +9.6% | +20.4% | 1.07 | +0.2% |
Promoter
stable
FII
falling 1q
MF
0.32% (-0.06pp)
falling 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- loweconomictimes.indiatimes.com· 19 Oct 2026, 08:35 amHFCL among 3 stocks closing above VWAP - VWAP signal
- mediumregulatoryeconomictimes.indiatimes.com· 28 Sept 2026, 01:24 pmTonbo Imaging India gets SEBI nod for IPO; defence electronics maker offers over 1.8 crore shares
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedHBL Engineering Limited (HBL) reported a significant increase in revenue and profitability in FY2025-26, with standalone revenue rising to ₹3,251.80 crore, up 67.1% year-over-year, and EBITDA growing by 178.2% to ₹1,160.50 crore. The company's Kavach rail signaling business contributed nearly 50% of sales, though future competition may impact margins. HBL also formed a joint venture with Cochin Shipyard Limited to develop electric mobility and energy storage solutions. The auditor noted key audit matters related to revenue recognition for long-term contracts and estimation of costs to complete projects, highlighting inherent risks due to complex contracts and significant estimates involved. The company has no material defaults or regulatory penalties, and its internal financial controls are deemed adequate with no material weaknesses identified.
- Revenue grew 67.1% YoY to ₹3,251.80 crore with improved EBITDA margin to 35.7%.
- Kavach rail signaling business contributed ~50% of sales, though future competition may pressure margins.
- Formed a 60% owned joint venture with Cochin Shipyard for electric mobility and marine energy storage.
- Auditor highlighted key risks in revenue recognition for long-term contracts and cost estimation for project completion.
- No material defaults, regulatory penalties, or audit qualifications noted; internal controls are deemed adequate.
Key takeaway: HBL Engineering delivered strong financial performance in FY2025-26 with robust revenue and EBITDA growth, driven by its Kavach rail signaling business, but faces potential margin pressures from increasing competition in the segment.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceEarlier (1-3 years ago)
The listed entity has been subject to a regulatory action by the Reserve Bank of India regarding delayed reporting of receipt of FDI by Beaver Engineering and Holdings Private Limited under FEMA-FDI regulations.
Routine disclosures
Internal Control Weakness
1 occurrenceEarlier (1-3 years ago)
The auditor issued a qualified audit opinion on the Company’s internal financial controls system over financial reporting.
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has contingent liabilities not provided for, including claims against it not acknowledged as debts, such as excise duty, sales tax, custom duty, service tax, goods and service tax, property tax, fuel surcharge adjustment, and erstwhile promoters of SCIL Infracon Private Limited. Additionally, un-expired guarantees issued by banks and corporate guarantees for subsidiary loans are listed as contingent liabilities.
Earlier (1-3 years ago)
The Company's Directors note that there are no significant material orders from Regulators, Courts, or Tribunals impacting the going concern status, but refer to the Statement on Contingent Liabilities and Commitments in the Financial Statements.
The Company's Financial Statements include a Statement on Contingent Liabilities and Commitments, indicating the presence of contingent liabilities.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company has subsidiaries, associates, and investee companies, including entities where directors or key management personnel have interests, as disclosed under Ind AS–24 related party disclosures.
Earlier (1-3 years ago)
The company entered into related party transactions during the financial year ended March 31, 2025, which are disclosed in the annual report.
HBL Power Systems Limited has disclosed transactions with related parties as per Ind AS– 24, including subsidiaries, associates, and investee companies, and has listed key management personnel and non-executive directors.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
7.5% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).