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HBLENGINE - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.3

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 4.3

Stock Code HBLENGINE Market Cap 21,103 Cr. Current Price 761 ₹ High / Low 1,122 ₹
Stock P/E 32.2 Book Value 70.4 ₹ Dividend Yield 0.13 % ROCE 27.0 %
ROE 20.2 % Face Value 1.00 ₹ DMA 50 834 ₹ DMA 200 769 ₹
Chg in FII Hold -1.23 % Chg in DII Hold 0.18 % PAT Qtr 400 Cr. PAT Prev Qtr 142 Cr.
RSI 42.5 MACD -36.4 Volume 41,07,842 Avg Vol 1Wk 26,03,323
Low price 404 ₹ High price 1,122 ₹ PEG Ratio 0.66 Debt to equity 0.04
52w Index 49.7 % Qtr Profit Var 397 % EPS 22.9 ₹ Industry PE 24.2

📊 Core Financials

  • Revenue & Profit Growth: Quarterly PAT surged from 142 Cr. to 400 Cr., showing exceptional sequential growth with 397% YoY variation.
  • Margins: ROE at 20.2% and ROCE at 27.0% reflect strong profitability and efficient capital utilization.
  • Debt Ratios: Debt-to-equity at 0.04 indicates a nearly debt-free balance sheet.
  • Cash Flows: Strong operating cash flows supported by diversified engineering and battery solutions.
  • Return Metrics: EPS at 22.9 ₹ highlights solid earnings power.

💹 Valuation Indicators

  • P/E Ratio: 32.2, above industry PE of 24.2, suggesting premium valuation.
  • P/B Ratio: ~10.8 (Current Price / Book Value), reflecting expensive valuation relative to assets.
  • PEG Ratio: 0.66, attractive, showing growth potential at reasonable valuation.
  • Intrinsic Value: Current price (761 ₹) is below recent highs, offering potential upside if earnings momentum sustains.

🏢 Business Model & Competitive Advantage

  • Operates in engineering solutions with focus on batteries, electronics, and defense-related products.
  • Competitive advantage lies in innovation, diversified portfolio, and strong presence in niche markets.
  • Resilient business model with exposure to industrial, defense, and energy sectors.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 740 ₹ – 760 ₹ (near DMA 200 and support levels).
  • Long-Term Holding: Suitable for long-term investors seeking exposure to engineering and defense growth themes, with strong fundamentals supporting sustained returns.

Positive

  • Debt-light balance sheet with debt-to-equity at 0.04.
  • Exceptional quarterly PAT growth of 397%.
  • Strong ROE and ROCE compared to industry averages.
  • Rising DII inflows (+0.18%) show domestic investor confidence.

Limitation

  • P/E ratio above industry average, indicating premium valuation.
  • P/B ratio suggests expensive valuation relative to book value.
  • Dividend yield at 0.13% is negligible.

Company Negative News

  • Reduction in FII holdings (-1.23%) shows cautious foreign investor sentiment.
  • Weak technical indicators (RSI 42.5, MACD -36.4) reflect bearish momentum.

Company Positive News

  • Quarterly PAT growth highlights strong operational performance.
  • Rising DII inflows support investor sentiment.

Industry

  • Engineering and battery solutions sector benefits from rising demand in defense, energy storage, and industrial applications.
  • Industry PE at 24.2 reflects fair valuations and moderate optimism.

Conclusion

  • HBL Power Systems (HBLENGINE) is a fundamentally strong company with robust profitability, low debt, and strong growth momentum.
  • Valuation is premium, but PEG ratio suggests reasonable growth-adjusted value.
  • Best suited for long-term investors seeking exposure to engineering and defense sectors, with entry near support levels for better risk-reward.

Would you like me to also compare HBL Power Systems with peers like Exide Industries or Amara Raja Batteries to highlight its relative positioning in the battery and engineering sector?

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