HBL ENGINEERING LIMITED

BSE: HBLENGINE517271ISIN INE292B01021

Industrials
Other Industrial Products
BSE 500

BSE listing

Share price

₹759.45+3.30 (+0.44%)

as of 18 Sep 2026

52W high: ₹1,121.95
52W low: ₹603.20
Off 52W high: -32.31%
1M return: +13.13%
3M return: -6.95%
6M return: +15.07%
1Y return: -11.53%
20D avg volume: 1,96,777
50 DMA: ₹709.54
200 DMA: ₹761.66

Key ratios Consolidated

Market cap: ₹21,052 Cr
Current price: ₹759.45
52W high / low: ₹1,121.95 / ₹603.20
Face value: ₹1.00
P/E: 39.22
P/B: —
EPS (TTM): ₹19.36
Book value / share: —
ROE: —
ROCE: 45.90%
Operating margin: —
Net margin: —
Debt / equity: 0.02
Net debt: ₹-484.22 Cr
Interest cover: 74.21
Dividend yield: 0.40%
Dividend / share (TTM): ₹3.00
Payout: 15.50%
Cash conversion cycle: 113.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	638.03	604.12	874.04	—	601.77	475.58	450.56	520.96	520.11	610.09	599.26	556.58
	20.56	13.03	10.54	—	19.64	6.83	1.54	12.23	5.48	6.54	5.28	3.36
	509.13	546.38	586.52	—	427.79	410.69	372.84	426.47	422.37	493.66	500.18	469.14
	359.63	297.25	372.71	—	334.30	238.52	237.02	270.33	251.21	272.68	333.31	344.03
	0.00	0.00	-0.05	—	0.05	0.00	—	—	0.07	—	—	0.18
	67.42	59.86	81.31	—	54.03	48.56	46.59	44.13	39.76	53.20	36.99	36.96
	5.41	2.29	2.59	—	6.35	3.69	4.65	2.79	1.89	4.17	3.28	3.40
	12.43	14.64	12.29	—	11.54	10.91	11.19	11.26	10.83	10.90	10.84	10.01
	114.92	159.10	126.30	—	95.91	110.54	94.03	108.64	112.04	134.60	135.74	129.00
	149.46	70.77	298.06	—	193.62	71.72	79.26	106.72	103.22	122.96	104.35	90.79
	-0.01	-3.32	-0.97	—	-3.11	-1.09	-0.04	0.19	-0.04	-25.14	-2.84	-0.11
	149.45	67.45	297.09	—	190.51	70.63	79.22	106.91	103.18	97.83	101.51	90.68
	38.54	15.42	79.53	—	49.29	18.30	20.83	30.90	27.34	32.29	23.06	23.52
	109.14	63.75	220.61	—	143.27	44.96	64.61	87.26	80.09	81.45	79.04	68.67
	3.95	2.32	7.95	—	5.16	0.00	2.31	3.13	2.87	2.90	2.84	2.47
Key metrics
	167.29	84.38	311.97	—	208.40	85.23	95.06	120.96	115.90	112.90	115.63	104.09
	26.20%	14.00%	35.70%	—	34.60%	17.90%	21.10%	23.20%	22.30%	18.50%	19.30%	18.70%
	17.10%	10.60%	25.20%	—	23.80%	9.50%	14.30%	16.70%	15.40%	13.40%	13.20%	12.30%
	—	2.90%	—	—	—	4.80%	—	—	—	—	—	—
	6.00%	27.00%	94.00%	—	15.70%	-22.00%	-24.80%	-6.40%	—	—	—	—
	-23.80%	41.80%	241.40%	—	78.90%	-44.80%	-18.30%	27.10%	—	—	—	—

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20
Income statement
	3,303	1,967	2,233	1,369	1,236	912.04	1,092
	58.99	26.09	17.91	17.68	14.37	9.63	16.58
	2,255	1,632	1,864	1,259	1,140	898.19	1,074
	1,383	997.08	1,208	830.99	758.51	552.57	675.98
	0.00	0.07	0.18	1.08	2.10	2.81	1.65
	258.17	179.05	157.62	110.38	99.91	82.17	90.70
	14.69	13.02	12.94	6.55	7.48	14.71	22.20
	50.63	44.19	41.26	35.46	35.08	38.81	40.75
	549.96	425.25	502.54	274.15	244.20	199.82	233.38
	1,107	360.92	387.18	127.11	110.79	23.48	34.17
	-31.25	-0.98	-28.08	1.33	10.73	-5.40	4.89
	1,075	359.94	359.09	128.44	121.52	18.08	39.07
	277.31	97.37	96.44	31.35	28.69	5.70	13.88
	814.89	276.92	280.89	98.65	93.90	13.73	26.22
	29.39	0.00	10.07	3.51	3.35	0.44	0.85
Key metrics
	1,141	417.15	413.29	170.45	164.08	71.60	102.02
	34.50%	21.20%	18.50%	12.50%	13.30%	7.90%	9.30%
	24.70%	14.10%	12.60%	7.20%	7.60%	1.50%	2.40%
	45.90%	24.00%	—	—	—	—	—
	67.90%	-11.90%	63.20%	10.70%	35.50%	-16.50%	—
	194.30%	-1.40%	184.70%	5.10%	583.90%	-47.60%	—
	629.32	341.31	—	—	—	—	—
	0.96	1.67	—	—	—	—	—
	0.02	0.04	—	—	—	—	—
	-484.22	-62.22	—	—	—	—	—
	113.1	134.7	—	—	—	—	—
Balance sheet
	2,942	1,980	—	—	—	—	—
	2,025	1,219	—	—	—	—	—
	528.21	116.95	—	—	—	—	—
	646.11	373.33	—	—	—	—	—
	562.08	533.57	—	—	—	—	—
	75.00	39.31	—	—	—	—	—
	417.36	373.42	—	—	—	—	—
	184.90	181.16	—	—	—	—	—
	566.62	426.12	—	—	—	—	—
	43.99	54.73	—	—	—	—	—
	39.95	48.85	—	—	—	—	—
	4.04	5.88	—	—	—	—	—
	2,213	1,482	—	—	—	—	—
Cash flow
	779.64	462.96	—	—	—	—	—
	-253.73	346.92	—	—	—	—	—
	-112.92	16.31	—	—	—	—	—
	150.32	-121.65	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	619.54	597.31	863.65	—	587.68	459.76	454.66	520.48	511.23	604.28	594.60	551.31
	20.29	12.28	10.60	—	19.65	7.45	1.53	12.27	5.54	6.55	3.94	3.39
	497.51	538.17	576.54	—	416.09	395.90	374.51	424.36	415.26	487.22	496.70	463.12
	357.89	290.68	368.83	—	331.15	235.65	235.87	267.52	249.35	271.51	331.81	342.84
	0.00	0.00	0.05	—	0.05	0.00	—	—	0.07	—	—	0.18
	64.38	55.99	79.18	—	51.82	46.03	44.31	41.96	37.65	50.63	35.10	35.11
	5.14	2.05	2.31	—	6.05	3.37	4.34	2.46	1.58	3.98	3.17	3.30
	11.72	13.89	11.70	—	10.94	10.65	10.63	10.73	10.43	10.27	10.39	9.59
	114.80	156.55	123.24	—	93.74	105.56	92.15	106.24	110.55	133.16	134.42	127.68
	142.32	71.42	297.71	—	191.23	71.31	81.68	108.39	101.51	123.61	101.83	91.58
	0.14	-3.07	-0.82	—	-3.11	-0.74	-0.08	0.04	-0.45	-25.23	-2.84	-0.11
	142.46	68.35	296.89	—	188.13	70.57	81.60	108.43	101.06	98.39	98.99	91.47
	36.99	11.18	79.20	—	48.40	19.29	20.12	27.94	26.80	27.80	22.88	22.91
	105.47	57.17	217.69	—	139.73	51.27	61.48	80.50	74.25	70.58	76.12	68.55
	3.81	2.10	7.85	—	5.03	0.00	2.20	2.89	2.66	2.50	2.74	2.47
Key metrics
	159.32	84.29	310.90	—	205.12	84.59	96.57	121.62	113.07	112.64	112.55	104.36
	25.70%	14.10%	36.00%	—	34.90%	18.40%	21.20%	23.40%	22.10%	18.60%	18.90%	18.90%
	17.00%	9.60%	25.20%	—	23.80%	11.20%	13.50%	15.50%	14.50%	11.70%	12.80%	12.40%
	—	3.10%	—	—	—	4.90%	—	—	—	—	—	—
	5.40%	29.90%	90.00%	—	15.00%	-23.90%	-23.50%	-5.60%	—	—	—	—
	-24.50%	11.50%	254.10%	—	88.20%	-27.40%	-19.20%	17.40%	—	—	—	—

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	3,252	1,946	2,209	1,350	1,221	908.95	1,077	1,257	1,624	1,530
	58.39	26.79	16.65	17.84	14.28	9.48	16.44	16.95	22.72	17.20
	2,211	1,610	1,842	1,243	1,128	893.59	1,061	1,241	1,585	1,494
	1,365	988.39	1,203	825.39	755.35	549.00	671.98	807.34	1,015	1,012
	0.00	0.07	0.18	1.08	2.10	2.81	1.65	3.75	12.12	—
	247.81	169.96	149.55	104.33	94.97	78.65	86.85	84.17	94.30	—
	13.59	11.76	12.42	6.23	7.27	14.49	21.87	30.60	40.55	46.22
	48.10	42.44	39.41	34.31	34.67	38.43	40.25	44.35	46.03	48.18
	539.59	414.51	497.36	271.09	242.28	198.33	231.05	263.12	310.91	297.32
	1,099	362.90	383.34	125.00	107.43	24.84	32.73	33.41	61.99	52.86
	-30.82	-1.24	-28.17	1.33	10.73	-5.39	4.91	6.64	-9.76	-2.79
	1,068	361.66	355.17	126.33	118.16	19.45	37.63	40.05	52.24	50.07
	271.20	94.16	91.38	30.79	28.76	4.87	13.56	14.94	22.58	15.33
	796.79	267.50	263.79	95.54	89.40	14.58	24.07	25.11	29.66	34.74
	28.76	0.00	9.46	3.42	3.19	0.47	0.81	0.90	—	—
Key metrics
	1,130	415.86	407.00	166.87	160.10	72.37	99.75	115.00	138.82	144.47
	34.70%	21.40%	18.40%	12.40%	13.10%	8.00%	9.30%	9.10%	8.50%	9.40%
	24.50%	13.70%	11.90%	7.10%	7.30%	1.60%	2.20%	2.00%	1.80%	2.30%
	47.20%	24.60%	—	—	—	—	—	—	—	—
	67.10%	-11.90%	63.60%	10.50%	34.40%	-15.60%	-14.30%	-22.60%	6.20%	—
	197.90%	1.40%	176.10%	6.90%	513.20%	-39.40%	-4.10%	-15.30%	-14.60%	—
	447.13	335.98	—	—	—	—	—	—	—	—
	0.75	1.71	—	—	—	—	—	—	—	—
	0.02	0.03	—	—	—	—	—	—	—	—
	-479.26	-67.10	—	—	—	—	—	—	—	—
	115.3	136.4	—	—	—	—	—	—	—	—
Balance sheet
	2,878	1,937	—	—	—	—	—	—	—	—
	2,009	1,212	—	—	—	—	—	—	—	—
	515.12	112.96	—	—	—	—	—	—	—	—
	656.56	386.03	—	—	—	—	—	—	—	—
	550.74	520.59	—	—	—	—	—	—	—	—
	72.69	38.51	—	—	—	—	—	—	—	—
	409.46	364.30	—	—	—	—	—	—	—	—
	180.17	179.10	—	—	—	—	—	—	—	—
	584.10	417.25	—	—	—	—	—	—	—	—
	35.86	45.86	—	—	—	—	—	—	—	—
	35.72	45.44	—	—	—	—	—	—	—	—
	0.14	0.42	—	—	—	—	—	—	—	—
	2,172	1,458	—	—	—	—	—	—	—	—
Cash flow
	596.99	457.63	—	—	—	—	—	—	—	—
	-83.30	-330.96	—	—	—	—	—	—	—	—
	-110.53	16.31	—	—	—	—	—	—	—	—
	149.86	121.65	—	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +34.06%
Sales CAGR 5Y: +29.04%
Sales CAGR 10Y: —
Profit CAGR 3Y: +102.79%
Profit CAGR 5Y: +122.60%
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: +34.13%
Sales CAGR 5Y: +29.35%
Sales CAGR 10Y: —
Profit CAGR 3Y: +102.15%
Profit CAGR 5Y: +126.30%
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 59.10%

Holder	Type	Holding	Previous	Change
KAVITA PRASAD ALURU - TRUSTEE FOR ALURU FAMILY PRIVATE TRUST	Promoter Group	51.30%	—	—
KAVITA PRASAD ALURU	Promoter Group	3.53%	—	—
MIKKILINENI ADVAY BHAGIRATH	Promoter Group	1.41%	—	—
ALURU JAGADISH PRASAD	Promoter	0.97%	—	—
MIKKILINENI DEEKSHA	Promoter Group	0.75%	—	—
SATYANARAYANA SUBRAMANI SRINATH MIKKILINENI	Promoter Group	0.71%	—	—
UMA DEVI ALURU	Promoter Group	0.34%	—	—
KAVITA PRASAD ALURU - TRUSTEE FOR MIKKILINENI FAMILY PRIVATE TRUST	Promoter Group	0.09%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

The register of members shall remain closed from Saturday, September 12, 2026 to Saturday, September 26, 2026 (both days inclusive).3 Sep 2026 · Corp. Action / Book Closure
for the purpose of determining the eligibility of the members of the Company to dividend, if declared by the members and to cast e-vote, Friday, September 11, 2026 has been fixed as record date.3 Sep 2026 · Corp. Action / Record Date
Annual report of the Company for the financial year 2025-26 containing inter-alia, the notice of the 40th Annual general Meeting scheduled on Saturday, Septmeber 26, 2026.3 Sep 2026 · Others / Reg. 34 (1) Annual Report
September 11, 2026 is fixed as the record date for dividend to be declared by the shareholder in their ensuing annual general meeting scheduled to be held on September 26, 2026.8 Aug 2026 · Corp. Action / Record Date
Statement of deviation of funds8 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
The Board of Directors has approved the financial results of the Company for the quarter ending June 30 20268 Aug 2026 · Board Meeting / Outcome of Board Meeting
HBL has accepted an order worth Rs.31.49 crores (excluding 18% GST) from Intergal Coach Factory, Chennai for supply, installation, testing and commissioning of on-baord Kavach Loco equipment (ver 4.0)3 Aug 2026 · Company Update / Award of Order / Receipt of Order
HBL Engineering Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/08/2026 ,inter alia, to consider and approve A meeting of the Board of ....30 Jul 2026 · Board Meeting / Board Meeting
The Company has accepted an order worth Rs.24 Crores (Excluding 18% GST) from Integral Coach Factory (ICF), Chennai, for supply, installation, testing and commissioning of On-Board Kavach ....15 Jul 2026 · Company Update / Award of Order / Receipt of Order
The Board of Directors in its meeting appointed Mrs. Kavita Prasad Aluru as an Executive Director of the Company for a period of five years and payment of remuneration with effect from July 01, 2026.1 Jul 2026 · Company Update / Change in Management
HBL received letter of acceptance from Chittaranjan Locomotive Works for supply, installation, testing and commissioning of onboard Kavach loco equipment (ver 4.0) worth Rs.1,714 Crs (excluding ....28 May 2026 · Company Update / Award of Order / Receipt of Order
Statement of deviation of funds for the period ended March 31, 2026.28 May 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
The information is provided to shareholders because it is relevant for interpriting the result published on May 23, 202624 May 2026 · Company Update / General
The Board of Directors in its meeting held on May 23, 2026 have apprived the audited financial results for the year ending March 31, 202623 May 2026 · Board Meeting / Outcome of Board Meeting
HBL Engineering Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/05/2026 ,inter alia, to consider and approve A meeting of the Board of ....28 Apr 2026 · Board Meeting / Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....21 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
In the cover letter the order worth should be read as Rs.83.81 Crores.9 Apr 2026 · Company Update / Award of Order / Receipt of Order
HBL has accepted an order worth Rs.83.81 Crores (inclusive of 18% GST) from Patiala Loco Works, Punjab for supply, testing and commissioning of on-board Kavach equipment (Ver.4.0).9 Apr 2026 · Company Update / Award of Order / Receipt of Order
HBL received letter of acceptance from Banaras Locomotive Works for supply, testing and commissioing of On-Board Kavach equipment (version 4.0) worth Rs.179.79 Crores (inclusive of 18% GST).2 Apr 2026 · Company Update / Award of Order / Receipt of Order
Please refer to the attached file.25 Mar 2026 · Company Update / Joint Venture
we wish to inform you that the officials of the Company had a meeting with the SBI Mutual Fund organised by a third party. We confirm that during the meeting, the Company shared information ....18 Mar 2026 · Company Update / Analyst / Investor Meet
We wish to inform you that a one to one meeting organised by third party with the SBI Mutual Fund Manager is scheduled on March 18, 2026.14 Mar 2026 · Company Update / Analyst / Investor Meet
Update on Credit rating18 Feb 2026 · Company Update / Credit Rating
HBL has received letter of acceptance from Banaras Locomotive Works, Varanasi for supply, testing and commissioning of on-board Kavach Equipment (ver4.0) worth Rs.800.36 Crs.11 Feb 2026 · Company Update / Award of Order / Receipt of Order
Approved the unaudited (standalone and consolidated) financial results of the Company for the quarter ended on December 31, 2025 and declared a dividend of Re.2/- (Rupees two) per equity ....7 Feb 2026 · Board Meeting / Outcome of Board Meeting
HBL has accpeted an order worth Rs.575 Crores (inclusive of 18% GST) from Integral Coach Factory, Chennai for aupply, testing and commissioning of On-Board Kavach Equipment (Ver 4.0). Disclosure ....31 Jan 2026 · Company Update / Award of Order / Receipt of Order
Disclosure made by Cochin Shipyard Limited regaring their proposal for a joint venture with HBL28 Jan 2026 · Company Update / General
HBL Engineering Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/02/2026 ,inter alia, to consider and approve A meeting of the Board of ....19 Jan 2026 · Board Meeting / Board Meeting
Update for stakeholders15 Jan 2026 · Company Update / General
Information to stakeholders18 Dec 2025 · Company Update / General
The Board has approved the financial results for the period ended September 30, 20258 Nov 2025 · Result / Financial Results
Update on credit rating10 Oct 2025 · Company Update / Credit Rating
Video recording and transcript of AGM 2025 is avalable on the website of the Company.30 Sep 2025 · Company Update / General
Scrutinizer report 202526 Sep 2025 · AGM/EGM / AGM
Sumitting the outcome, proceedings, scrutinizers report and voting results of AGM 202526 Sep 2025 · AGM/EGM / AGM
The regoster of members shall remain closed from September 13, 2025 to September 25, 2025 (both days inclusive).2 Sep 2025 · Corp. Action / Book Closure
The Record date for the purpose of eligibility to particpate in e-voting at the ensuing AGM and to receive devidend, if declared is September 12, 2025.2 Sep 2025 · Corp. Action / Record Date
Annual report for the FY 20252 Sep 2025 · Others / Reg. 34 (1) Annual Report
HBL received Kavach order of Rs.54.12 Crs (Inclusive of GST) from West Central Railway. The contract has to be completed in 700 days.12 Aug 2025 · Company Update / Award of Order / Receipt of Order
Clarification on news article appearing the Eenadu (Telugu) newspaper dated August 10, 2025.10 Aug 2025 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.0000	11 Sep 2026	11 Sep 2026	—
Interim Dividend - Rs. - 2.0000	13 Feb 2026	13 Feb 2026	—
Final Dividend - Rs. - 1.0000	12 Sep 2025	12 Sep 2025	—
Final Dividend - Rs. - 0.5000	13 Sep 2024	13 Sep 2024	—

Board meetings

8 Aug 2026 Board Meeting - Financial Results