HPL Electric & Power Limited is a prominent electrical equipment manufacturer in India with over 40 years of experience. The company has established itself as a multi-product entity offering a wide range of solutions across Metering Solutions, Switchgears, LED Lighting, Wires & Cables, Solar Solutions, and Modular Switches. Incorporated as 'HPL-Socomec Private Limited' on May 28, 1992, HPL Electric & Power has consistently focused on delivering innovative and best-in-class technology products to both domestic and international markets. The company caters to a broad spectrum of customers, including power utilities, government agencies, and retail and institutional clients.
HPL Electric & Power has demonstrated strong financial performance, showcasing a consistent growth trajectory. For the full year ended March 2025, the company reported a significant increase in net profit, rising by 115.27% to Rs 93.77 crore, compared to Rs 43.56 crore in the previous year. Revenue also saw a healthy increase of 16.39% to Rs 1700.24 crore in FY25, up from Rs 1460.86 crore in FY24. The quarterly performance for Q4 FY25 further underscored this positive trend, with net profit surging by 170.90% to Rs 37.14 crore and sales growing by 16.14% to Rs 492.54 crore.
As of June 2025, the market capitalization of HPL Electric & Power Ltd stands at ₹3,659.66 crore. The stock has exhibited strong performance, with a 52-week high of ₹694 and a 52-week low of ₹339.
- Revenue (FY25): ₹1,700.24 crore
- Net Profit (FY25): ₹93.77 crore
- Q4 FY25 Revenue: ₹492.54 crore
- Q4 FY25 Net Profit: ₹37.14 crore
- Market Cap (June 2025): ₹3,659.66 crore
- P/E Ratio: 39.03
- P/B Ratio: 4.30
- Promoter Holding (Mar 2025): 72.66%
HPL Electric & Power operates with backward integrated manufacturing facilities, enabling comprehensive control over product design and development, component design, tool manufacturing, and commercial production. This integrated approach ensures high-quality standards and operational efficiency. The company's commitment to quality is reflected in its adherence to Indian and International standards, with products certified by ISI, CE, and KEMA. HPL maintains seven manufacturing facilities across two Indian states, supported by two dedicated Research & Development Centres.
The company boasts a diverse product portfolio encompassing multiple electrical equipment categories. Key offerings include digital panel meters, smart Meters, Net Meters for Solar Rooftops, Prepaid Metering Solutions, Ebrit Digital Panel Meters, cordless chimes, and Trivector Meters. HPL operates through two primary segments: Metering, Systems & Services, and Consumer, Industrial & Services, with the Metering, Systems & Services segment being a significant revenue contributor.
HPL Electric & Power holds dominant market positions in several key segments. It is the largest manufacturer of on-load change-over switches, commanding a 50% market share in India. Additionally, the company holds a 20% market share in the domestic electric meters market and a 5% share in the Low-voltage Switchgear Market. Historically, HPL has been recognized as the market leader for electronic energy meters in India.
HPL Electric & Power has established a considerable international footprint, exporting its products to over 42 countries across Asia, Africa, Europe, the UK, and the Indian Sub-continent. This global reach is facilitated through overseas logistic partners and demonstrates the company's capability to meet diverse international market requirements and quality benchmarks.
HPL Electric & Power is strategically positioned for sustained growth, bolstered by a strong order book of ₹35,000 million, which provides excellent revenue visibility. The company's diversified product range, robust market standing, and expanding global presence offer multiple avenues for expansion. HPL's commitment to innovation is evident through strategic collaborations, such as the recent launch of the market's first Wirepas certified In-meter gateway for RF mesh with Wirepas. The company's strong promoter commitment, evident in their substantial holding, combined with access to public markets, positions it well to capitalize on future growth opportunities in the electrical equipment sector, driven by infrastructure development, smart city initiatives, and the adoption of renewable energy.
