Today, we are going to estimate the HPL Electric Share Price Target 2024 to 2035 Long Term Prediction. HPL Electric is listed on the NSE under the symbol “HPL” and on the BSE with the code “540136”. let’s analyze the future of HPL Electric & Power shares as well, including whether it’s a good time to buy or sell them today.
Additionally, we will also take into analysis HPL Electric Share Recommendations from various brokerage firms, including Target’s High Price, Target’s Low Price and Recommendation at the end of the article.
Overview of HPL Electric
|HPL Electric & Power Ltd
Wires & Cables,
Keep an eye on HPL Electric’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in HPL Electric’s stock price.
About HPL Electric Company
HPL Electric & Power Ltd stands as a testament to innovation and quality in the field of electrical equipment manufacturing. Since its inception in 1992, HPL has carved a niche for itself as a leading player, not just within the Indian market but on an international scale.
HPL’s product line is as diverse as it is sophisticated. From Metering Solutions to switchgear, from LED Lighting to Wires and cables, and from Solar Solutions to Modular Switches, HPL has an extensive range of products. Each product is a blend of innovation and reliability, designed to meet the evolving needs of both domestic and international markets.
A significant feather in HPL’s cap is its dominance in the electronic energy meters market. In fiscal 2015, HPL boasted the largest market share in India, a clear indicator of its commitment to quality and customer satisfaction. This achievement is complemented by its position as one of the top five players in the LED lamps market during the same period.
HPL’s reputation as the oldest manufacturer of LV switchgear in India speaks volumes about its dedication to excellence. This legacy is not just about longevity but also about the trust that HPL has built over the years with its customers. HPL’s extensive network of dealers, distributors, and retailers ensures that its products are easily accessible to customers across India and beyond.
Financial of HPL Electric
Conduct a SWOT analysis of HPL Electric Share based on its financials. We will break down the key elements of strengths, weaknesses, opportunities, and threats using the financial data.
Consistent Revenue Growth: HPL Electric has shown a consistent increase in total revenue over the past four years, indicating a strong market presence and demand for its products. From 2020 to 2023, the revenue grew from ₹8,750,935,000 to ₹13,355,338,000.
Improving Gross Profit: The gross profit has been on an upward trend, rising from ₹3,220,436,000 in 2020 to ₹4,429,011,000 in 2023. This indicates effective cost management and an ability to maintain profitability.
Stable Operating Income: Despite fluctuations, the operating income has remained relatively stable, signifying good operational efficiency.
High Cost of Revenue: The cost of revenue is significantly high, accounting for over 60% of the total revenue, which could indicate lower pricing power or high production costs.
Interest Expenses: The company has a substantial interest expense, which impacts its net income. The interest expense was ₹713,500,000 in 2023, a factor that may affect profitability.
Dependence on Debt: The balance sheet shows a high level of total debt (₹5,999,050,000 in 2023), suggesting reliance on debt financing, which could be risky in volatile market conditions.
Growing Market Demand: With the increasing need for electrical products, HPL Electric can capitalize on market growth opportunities.
Expansion into New Markets: Expanding into new geographical areas or diversifying product lines could open up additional revenue streams.
Technological Advancements: Investing in research and development to incorporate new technologies could enhance product offerings and efficiency.
Market Competition: Intense competition in the electrical products sector could pressure prices and margins.
Economic Fluctuations: Economic downturns can affect consumer spending and investment in infrastructure, impacting demand for HPL Electric’s products.
Regulatory Changes: Changes in regulations related to the electrical industry could increase operational costs or require changes in business strategies.
An effective method for evaluating the HPL Electric share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. The latest research reports are available on HPL Electric.
|29 DEC 2023
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched HPL Electric Share Price Target 2024, 2025, 2030 to 2035 based on our Research knowledge and forecasting.
The financial services firm ICICI Direct published the latest research report on HPL Electric Share Price Target, assigning a ‘buy’ rating with a share price target of Rs. 305 from its current market price of Rs. 233.
HPL, with its strong foothold in metering solutions, switchgears, lighting products, wires, and cables, has been experiencing a steady growth trajectory. As of FY23, the company reported substantial year-over-year (YoY) increases in revenue and profit, signifying its robust financial health. Key drivers of this growth include:
Dominance in the Smart Meter Segment: HPL’s significant role in the government’s ambitious plan to install 25 crore smart meters across India positions it at the forefront of this emerging market. The company’s current order backlog, mainly comprising smart meter orders, provides medium-term revenue visibility.
Diverse Product Portfolio: HPL’s wide range of low-voltage electric products, backed by strong manufacturing and R&D capabilities, has enabled it to maintain a competitive edge in various segments.
Expanding Market Presence: The company’s extensive distribution network across India, complemented by its well-established manufacturing facilities, further solidifies its market position.
Financial Outlook and Share Price Target 2024
Analysts project a bright future for HPL Electric & Power, with expectations of continued revenue growth driven by its robust order book and the burgeoning demand for smart meters.
The company’s revenues are expected to grow at a CAGR of 19.7% over FY23-26E, with significant contributions from both the Metering & Systems and Consumer & Industrials segments.
EBITDA and PAT are also forecasted to grow at impressive rates, indicating healthy profitability in the coming years.
Based on these factors, a share price target of ₹305 for the year 2024 is proposed. This target reflects a 30% upside from the current market price (CMP) of ₹233.
By 2025, we expect HPL Electric & Power to continue its growth trajectory, driven by the increasing demand for smart meters and the growth in the switchgear and wire & cable segments. The company’s revenue, EBITDA, and PAT are expected to grow at a CAGR of 20%, 28%, and 53%, respectively, over the period FY23-26E.
We believe that the company’s strong order backlog, which stands at ₹2000+ crore, will ensure medium-term revenue visibility. The share price could reasonably be expected to reach a minimum of ₹320 and potentially achieve a maximum of ₹360 by the year 2025.
In 2030, we expect HPL Electric & Power to maintain its growth momentum, driven by the increasing adoption of smart meters and the growth in the switchgear and wire & cable segments.
The company’s revenue, EBITDA, and PAT are expected to grow at a CAGR of 15%, 20%, and 35%, respectively, over the period FY26-30E. We believe that the company’s strong market position and diversified product portfolio will enable it to capture a significant share of the growing market. The share price could reasonably be expected to reach a minimum of ₹500 and potentially achieve a maximum of ₹600 by the year 2030.
By 2035, we expect HPL Electric & Power to become a dominant player in the electric equipment manufacturing industry, driven by the increasing demand for smart meters and the growth in the switchgear and wire & cable segments.
The company’s revenue, EBITDA, and PAT are expected to grow at a CAGR of 10%, 15%, and 25%, respectively, over the period FY30-35E. We believe that the company’s strong manufacturing and R&D capabilities, along with its focus on innovation and technology, will enable it to maintain its leadership position in the market. The share price could reasonably be expected to reach a minimum of ₹800 and potentially achieve a maximum of ₹1000 by the year 2035.
|Share Target Minimum
|Share Target Maximum
HPL Electric Buy or Sell
Daily Low / High
Peer Comparison of HPL Electric
|Mar Cap Rs.Cr.
|CG Power & Indu.
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– Based on our analysis, the maximum share price target for HPL Electric in 2024 could be ₹320.
– According to Google historical data, the price of HPL Electric on 7 OCT 2016 was ₹177.70
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– These Share Price Targets for “HPL Electric Share Price Target” are only provided for informational purposes only. It does not constitute a recommendation to buy, sell, or hold HPL Electric stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com