Shares of this small-cap company surged 20% to hit the upper circuit after it received an order worth ₹ 903 crores. They were locked at ₹ 155.30 apiece by Tuesday’s closing bell.
HPL Electric & Power Limited is a leading electrical equipment manufacturer with a significant presence across five key product verticals of electric equipment – metering solutions, modular switches, switchgear, LED lighting and wires and cables. It caters to a wide spectrum of industries and exports its finest engineering goods to more than 42 countries.
According to an exchange filing, the company has announced the successful acquisition of smart meter orders worth ₹ 903 crores. This order further bolsters the company’s total pending order pipeline, now totaling more than ₹ 2250 crores.
This order underscores the company’s commitment to innovation and further reinforces its role in India’s mass metre adoption. These smart meters excel in accuracy and in features such as real-time remote data monitoring. It empowers customers to optimize energy usage and contribute to a greener and more sustainable future.
In the past year, the company’s share price increased from ₹ 60.00 to ₹ 155.30, giving multibagger returns of 158.83%. Therefore, if an investor had invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 2.58 lakhs today!
With a market capitalization of ₹ 832 crores, HPL Electric & Power is a small-cap company. It has a low return on equity of 3.87%, but an ideal debt-to-equity ratio of 0.76. Its shares were trading at a price-to-earnings ratio of 27.60, which is almost at par with the industry P/E of 27.90.
The company’s promoters hold a 72.66% stake in it followed by retail investors with 27.32% and foreign institutions with 0.02%.
Written By Simran Bafna
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
