HBL Power Share Price Target for 2024, 2025, 2026, 2027, 2028

HBL Power Systems Limited is an Indian company engaged in designing, developing, and manufacturing specialized batteries and electronic solutions. They also provide service activities related to their products. The company operates its business under three primary verticals: battery, electronics, and defense.


  • HBL Power is a leading manufacturer of specialized batteries for various applications, including fighter aircraft, unmanned aerial vehicles, torpedoes, submarines, and trains.
  • They offer the world’s widest range of specialized batteries, meeting the demanding requirements of diverse customers.
  • Some of their notable battery products include nickel-cadmium, silver-zinc, and lithium-ion batteries.


  • HBL Power’s electronics division manufactures a variety of railway and industrial electronic products.
  • Their flagship products in this vertical include the train collision avoidance system (TCAS) and the train management system (TMS).
  • They also develop electric drive train kits for retrofitting light commercial vehicles and passenger buses.


  • HBL Power is a key supplier of electronic systems and batteries for the Indian defense sector.
  • They manufacture various defense electronics products, such as communication systems, radars, and night vision devices.
  • Their batteries are used in a wide range of defense applications, including fighter aircraft, missiles, and submarines.

Other Ventures:

  • HBL Power has also diversified into other areas, such as precision manufacturing, spun reinforced concrete, and green technology products.
  • They are constantly innovating and developing new products and services to meet the evolving needs of their customers.

HBL Power Overview

Aspect Details
Company Name HBL Power Systems Limited
Year Founded 1977
Headquarters Hyderabad, India
Sector Industrial Consumables
Products/Services Batteries (lead acid, nickel-cadmium, silver zinc, customized, lithium), Power Electronics, Spun Concrete Products
Key Markets India, International
Market Capitalization Rs 12,092.63 Cr (as of December 31, 2023)
Recent Revenue and Profit Consolidated Total Income: Rs 559.94 Cr (Q3 2023-24), Net Profit: Rs 67.16 Cr (Q3 2023-24)
Website https://www.hbl.in/
Stock Ticker HBL02 (NSE/BSE)

HBL Power Products

Category Products Description Examples
Batteries Lead Acid Batteries Reliable and cost-effective energy storage for various applications. Automotive, UPS, Industrial, Traction
Lithium-Ion Batteries High-performance and lightweight batteries for demanding applications. Medical, Aerospace, Marine, Solar
Nickel-Cadmium Batteries Durable and long-lasting batteries for critical operations. Emergency Lighting, Power Grid, Military
Custom Battery Solutions Specialized batteries engineered for specific needs. Renewable Energy Storage, Oil & Gas Platforms, Data Centers
Power Electronics Thyristor Battery Chargers Efficient and reliable charging solutions for various battery types. Industrial, Solar, Marine, Traction
Inverters Convert DC power to AC for off-grid applications or backup power. Solar Energy Systems, Emergency Power Supply, Mobile Homes
Switchgear and Control Panels Manage and protect electrical systems. Distribution Networks, Industrial Plants, Building Automation
Concrete Prestressed Concrete Poles Durable and long-lasting poles for transmission and distribution lines. Utility Grid, Street Lighting, Telecommunications
Concrete Structures Custom-designed concrete structures for various applications. Building Foundations, Bridges, Retaining Walls
Solar Energy Solar Panels Generate electricity from sunlight for homes and businesses. Rooftop Systems, Ground-mounted Arrays, Commercial Installations
Solar Inverters Convert DC power from solar panels to AC for use in the grid. On-grid and Off-grid Systems, Residential and Commercial Applications
Solar EPC Services Design, engineering, and construction of solar power projects. Consultation, Project Management, Installation, Maintenance
Engineering Turnkey Power Solutions Design and build complete power systems for specific needs. Data Centers, Renewable Energy Systems, Industrial Facilities
Technical Services Maintenance, repair, and optimization of power systems. Battery Testing, System Upgrades, Troubleshooting, Training

HBL Power Fundamentals

Metric Value
Market Capitalization ₹ 1,552.55 crore
Revenue (TTM) ₹ 556.58 crore
EBITDA (TTM) ₹ 120.30 crore
EPS (TTM) ₹ 9.63
P/E Ratio (TTM) 67.56
P/B Ratio 12.73
Dividend Yield 0.00%
Debt/Equity Ratio Negligible
Book Value per Share ₹ 49.73
Face Value ₹ 10
Return on Equity (ROE) 10.45%
Debt Negligible

HBL Power Revenue and Net Profit

Year Revenue (Crore) Net Profit (Crore) YoY Revenue Growth YoY Net Profit Growth
2023 556.58 65.23 77.32% 29.27%
2022 318.16 50.50 75.99% 101.00%
2021 180.55 25.11 21.06% 39.44%
2020 149.10 17.96 8.05% 14.66%
2019 138.01 15.68 7.02% 24.38%
2018 129.02 12.60

HBL Power Share Price Target-

HBL Power Shareholding Patterns

Category Shareholding (% of total shares)
Promoters 59.11%
Public 38.63%
Foreign Institutional Investors (FIIs) 2.23%
Others 0.03%

HBL Power Share Price Target for 2024, 2025, 2026, 2027, 2028

Year Potential High Price
2024 ₹625.00
2025 ₹720.00
2026 ₹810.00
2027 ₹900.00
2028 ₹1000.00

HBL Power Share Price Target for 2024

HBL Power Share Price Target for 2024 is 625.

HBL Power Share Price Target for 2025

HBL Power Share Price Target for 2025 is 720.

HBL Power Share Price Target for 2026

HBL Power Share Price Target for 2026 is 810.

HBL Power Share Price Target for 2027

HBL Power Share Price Target for 2027 is 900.

HBL Power Share Price Target for 2028

HBL Power Share Price Target for 2028 is 1000.

HBL Power Dividend History

Year Announcement Date Ex-Dividend Date Dividend Value Dividend Type
2023 May 24, 2023 September 14, 2023 Rs. 0.45 per share Equity Dividend (45%)
2022 June 20, 2022 September 15, 2022 Rs. 0.35 per share Equity Dividend (Revised)
2021 June 30, 2021 September 17, 2021 Rs. 0.30 per share Equity Dividend (30%)
2020 No dividend declared
2019 May 30, 2019 September 18, 2019 Rs. 0.25 per share Equity Dividend (25%)
2018 May 28, 2018 September 18, 2018 Rs. 0.25 per share Equity Dividend (25%)

HBL Power Share Split History

Date Ratio Ex-split Date
November 24, 2009 1:10 November 24, 2009

Future Outlook of HBL Power


  • Strong Financials: HBL Power has enjoyed significant revenue and profit growth in recent years, with healthy margins and return ratios. This strong financial performance bodes well for their future.
  • Promising Markets: The company operates in growing markets like batteries, power electronics, and renewables, driven by factors like electric vehicles and cleaner energy initiatives. This provides ample room for expansion.
  • Diversified Portfolio: HBL Power’s presence in various sectors like industrial, defense, and solar energy minimizes dependence on any single market, offering stability and resilience.
  • Debt-Free Balance Sheet: With negligible debt, the company has low financial risk and greater flexibility to pursue future growth opportunities.
  • Government Support: HBL Power benefits from government initiatives like Make in India and focus on renewable energy, providing potential tailwinds for its business.

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Risks Associated With Investing in HBL Power

Category Risk Description
Financial Risks Competition Increased competition from established and new players could squeeze market share and margins.
Economic Volatility Global economic downturns or inflation could affect demand for HBL’s products.
Interest Rate Fluctuations Rising interest rates could increase borrowing costs and impact profitability.
Operational Risks Technology Disruption Rapid advancements in battery and energy technologies could render HBL’s products obsolete.
Execution Risk Failure to effectively implement expansion plans or new ventures could lead to financial losses.
Raw Material Availability & Pricing Reliance on fluctuating raw materials like lead could impact production costs and margins.
Strategic Risks Government Policy Changes Regulatory shifts and policy changes related to energy or batteries could adversely impact the company.
Environmental & Sustainability Concerns HBL’s business activities (lead usage) could face scrutiny and potential restrictions.

HBL Power Competitors

Category Main Competitors Description
Batteries * Lead Acid Batteries: * Exide Industries
Power Electronics * Thyristor Battery Chargers: * Emerson Electric
Concrete * Prestressed Concrete Poles: * L&T Infrastructure Engineering Ltd.
Solar Energy * Solar Panels: * Adani Green Energy Ltd.

DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.

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