HPL Electric & Power Share Price

HPL Electric & Power Limited, with operations in Noida, is one of the leading companies in the Indian electrical equipment manufacturing sector. The company provides diverse products and solutions in the domains of metering systems, switchgear, lighting, and cables. HPL Electric has a substantial reach with its products distributed across India and exported to over 40 countries. HPL Electric & Power share priceon NSE and BSE is a reflection of how marketparticipants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the marketevaluates the company’s current position and its future prospects, making ͏it a key indicator of marketperception across various industries.

HPL Electric & Power stock price is influenced by various factors such as order book size, raw material costs, capacity utilization, and government policies on infrastructure and power distribution. In the longer run, strategies such as product innovation, expansion into smart metering, and improvement in operational efficiency affect the stock marketsentiments. All these factors must be closely monitored to have an idea about the HPL Electric & Power stock price movements.

HPL Electric & Power live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant ͏monitoring of HPL Electric & Power live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the HPL Electric & Power share͏ price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook..

HPL ELECTRIC & POWER LIMITED COMPANY FUNDAMENTALS

a. Company Background

HPL Electric & Power Limited is a public limited company incorporated on 28 May 1992 and is registered under the Registrar of Companies, Delhi, with Corporate Identification Number L74899DL1992PLC048945. It is headquartered at 1/20, Asaf Ali Road, New Delhi – 110002, India, with its corporate office in Kundli, Sonipat, Haryana, India. The company is a diversified manufacturer of electrical equipment in India operating across multiple product verticals such as metering solutions, switchgears, LED lighting, wires & cables, solar solutions, modular switches and fans. It operates backward‑integrated facilities that encompass product design, development, tool manufacturing and commercial production, and its products are certified to conform to Indian and international standards such as ISI, CE and KEMA. HPL has developed a broad distribution network and established market presence over more than three decades, supplying electrical products to institutional, commercial and residential sectors, and exporting to over 42 countries in regions including Africa, Australia, Europe, Middle East and Southeast Asia. It listed its shares publicly following an initial public offering in 2016 and has maintained significant market share in segments such as electronic energy meters and LED products in India.

b. Company Products

HPL Electric & Power Limited manufactures and markets a wide range of electrical products spanning several categories:

• Metering Solutions: Digital energy meters, multi‑function meters, smart meters, prepaid meters, load managers, demand controllers, power quality instruments, meter cover boxes.

• Modular Switches: Smart modular switches, regular switches & sockets, communication sockets, dimmers & regulators, support modules, plates, accessories.

• Switchgear Products: Air circuit breakers (ACBs), MCCBs, changeover switches, controlgear, fusegear, isolators, MCBs, RCCBs, distribution boards.

• Wires & Cables: Domestic & industrial wiring, data networking cables, instrumentation & specialty cables, solar cables.

• LED Lighting: LED lamps, tube lights, panel lights, downlights, spotlights, outdoor floodlights, high bay lights, weather‑proof fixtures.

• Solar Solutions: Solar meters, solar street lights, solar luminaries, LT panels and junction/combiner boxes.

• Fans: Ceiling fans, portable fans, ventilation fans, Farrata fans.

c. Company Revenue Model

HPL Electric & Power derives revenue through multiple streams and customer segments:

• Product Sales

• • Direct sales of electrical products to institutional, commercial, residential, governmental agencies and power utilities.

• • Retail sales through a network of authorized dealers, distributors and retailers.

• Distribution Network

• • Revenue facilitated through 900+ dealers/distributors and 85,000+ retailers across India.

• Contractual & Project Sales

• • Supply contracts with developers, OEMs, municipal bodies, utilities and EPC projects.

• Export Sales

• • Export of products to overseas markets through partner networks in Africa, Australia, Europe, Middle East & Southeast Asia.

• Value‑Added Services

• • After‑sales support, data acquisition & billing solutions for metering products.

• Diversification & Innovation

• • Increasing focus on smart metering and solar related products as growth segments.

d. Geographic Presence

HPL Electric & Power operates both domestically within India and internationally:

• India

• • Headquarters in New Delhi and corporate office in Kundli, Sonipat, Haryana.

• • Seven state‑of‑the‑art manufacturing facilities located in Gurgaon, Kundli, Sonipat, Gharaunda, Karnal and Jabli (Himachal Pradesh).

• • Extensive branch and representative offices in major Indian cities including Mumbai, Pune, Chennai, Bangalore, Ahmedabad, Kolkata, Nagpur, Ranchi and others, serving diverse regional markets.

• • A broad sales and distribution network servicing institutional and retail customers nationwide.

• International Markets

• • Exports electrical products to over 42 countries through global partners and distributors.

• • Geographic reach across Africa, Australia, Europe, the Middle East and Southeast Asia, catering to international commercial and industrial clients.

e. Leadership

Some of the key leaders of HPL Electric & Power Limited as of March 2026 are:

• Lalit Seth – Chairman & Non‑Independent Executive Director / Whole‑Time Director

• Rishi Seth – Managing Director & Non‑Independent Executive Director

• Gautam Seth – Joint Managing Director, Chief Financial Officer & Non‑Independent Executive Director

• Rashmi Vij – Independent Non‑Executive Director

• Dhruv Goyal – Independent Non‑Executive Director

• Ajit Sood – Independent Non‑Executive Director

• Vivek Kumar – Company Secretary, Compliance Officer

 f. Key Milestones

Here are some of the important milestones in the company’s history:

• 1992: Company incorporated in Delhi (originally associated with a joint venture).

• 1998: Began production of electronic/static energy meters at Gurgaon facility.

• 2010–2011: Expanded into lighting products and switchgears manufacturing.

• 2014: Started production of wires and cables.

• 2015: Commenced LED products manufacturing.

• 2016: Completed initial public offering (IPO) and became a listed company.

• 2017: Commissioned new production line for meters, fans and electrical distribution products in Guwahati.

• 2020: Established a new R&D center focused on smart metering solutions.

g. Industry Perspective

The electrical equipment industry, encompassing products such as switchgear, meters, wiring devices, LED lighting, cables & wires and power distribution systems, is a foundational segment of both global and Indian industrial ecosystems. Globally, this market was valued at roughly USD 1.88 trillion in 2025 and is projected to expand to USD 4.42 trillion by 2034, reflecting a CAGR of about 9.9 % from 2025 to 2034, driven by infrastructure modernization, smart grids and rising electrification requirements worldwide.

In specific product segments, the global switchgear market alone was estimated at USD 112.99 billion in 2025 and is forecast to reach USD 197.68 billion by 2033 at a 7.4 % CAGR as utilities upgrade grid infrastructure.

In India, the electrical equipment market is expanding rapidly. Between 2024 and 2029, it is expected to grow by USD 95.3 billion with an approximate CAGR of 15.6 %, reflecting strong demand from residential, commercial and industrial construction, grid expansion, and digital electrification initiatives.

The Indian switchgear market — a major sub‑segment — is projected to expand at around 5.9 % CAGR from 2026 to 2033. The broader Indian electrical materials market was valued at about USD 19.6 billion in 2024 and is expected to reach USD 28.3 billion by 2033 (about 4.2 % CAGR).

Growth drivers include rising electricity consumption, urbanisation, government infrastructure spending, renewable energy integration, and smart grid deployment, positioning both global and Indian markets for sustained growth through the 2030s.

HPL Electric & Power Stock Market Presence: Listings & Index Representation

HPL Electric & Power Limited listed on the BSE (Bombay Stock Exchange) on October 4, 2016, and on the NSE (National Stock Exchange) on the same date, following its initial public offering.

HPL Electric & Power Limited is a well-established entity in the Indian stock market, listed on major exchanges such as NSE (HPL) and BSE (540136). Its inclusion in prominent indices like S&P BSE Industrials, S&P BSE MidSmallCap, S&P BSE SmallCap, and S&P BSE AllCap underscores the company’s significance in India’s electrical equipment and capital goods sector.

HPL Electric & Power stock price is closely tracked by retail and institutional investors. Its inclusion in major indices reflects strong market capitalisation and scale in metering, switchgear, and lighting products. Listing on NSE and BSE ensures liquidity, while index presence drives institutional holdings and benchmark tracking in the capital goods sector.

HPL Electric & Power Stock Performance and HPL Electric & Power Share Price History

HPL Electric & Power share price on NSE and BSE reflects its status as a key player in the electrical equipment industry. Performance is driven by order execution, revenue growth, profitability margins, and working capital management. Investors compare HPL Electric & Power share price today with the S&P BSE SmallCap index and peer electrical companies to gauge relative performance.

These underlying factors are often visible through real market movements across different periods. Similar trends are observed during earnings-driven movements. Broader sector strength has also played a role in supporting HPL Electric & Power share price. In addition to operational and sector-led factors, corporate actions such as bonus issues or stock splits can also have a significant impact on HPL Electric & Power share price movements in the short term, even when a company’s fundamentals remain strong.

While short-term movements reflect events and announcements, longer-term valuation trends are visible through HPL Electric & Power share price 52-week high and low, providing context beyond daily or weekly changes. Highs indicate strong order inflows and stable execution, while lows align with market corrections or sector volatility. These levels capture the impacts of raw material prices, growth expectations, and earnings visibility, providing context for the stock’s historical performance.

HPL Electric & Power’s stock performance reflects the trading behaviour of a manufacturing company operating within India’s industrial ecosystem. The company’s diversified product portfolio in metering, switchgear, and cables has shaped its HPL Electric & Power share price history. Over time, the stock has shown long-term wealth creation, marked by periods of sharp gains and phases of consolidation.

The stock’s journey saw strong growth, particularly between 2017 and 2018, driven by expanding distribution networks and rising investor confidence. Between 2019 and 2020, HPL Electric & Power stock price experienced high volatility, with a sharp correction as the broader market faced headwinds, followed by a recovery. From 2021 onwards, the HPL Electric & Power share price showed significant momentum, reflecting sustained execution and leadership within the electrical equipment space.

HPL Electric & Power’s stock performance over time has closely followed India’s economic and policy cycles, particularly government initiatives in power distribution and infrastructure. For instance, the HPL Electric & Power share price reached an all-time high above ₹694 in mid-2024, supported by strong investor confidence and a positive outlook for the metering and smart grid segments. Over longer investment horizons, the stock has delivered meaningful returns, including a substantial gain of around 451% over five years and 242% over three years, highlighting consistent growth aligned with expanding electrification and infrastructure trends.

Despite broader market disruptions, HPL Electric & Power shares have shown resilience. While the sector faced challenges related to supply chains and raw material inflation, the company’s focus on operational efficiency and a diversified product mix helped it navigate volatility. The stock’s recent performance has been marked by a correction, with the share price declining from its 2024 highs, reflecting profit-booking and broader market consolidation.

Examining the HPL Electric & Power stock price returns reveals distinct patterns across various timeframes. On a daily basis, the stock showed a decline of -5.15%, trading in a range between ₹288.7 and ₹271.15. Over a week, the stock saw a -3.74% return, with a high of ₹297 and a low of ₹265.45. The monthly performance recorded a -21.54% return, with a high of ₹349 and a low of ₹265.45. Over three months, HPL Electric & Power share price declined by -31.98%, with a high of ₹415 and a low of ₹265.45. The half-yearly performance saw a -40.94% decline, with the stock touching a high of ₹479.9 and a low of ₹265.45. Over the one-year period, the stock delivered a -35.44% return, with its highest point at ₹639.9 and its lowest at ₹265.45. The stock’s three-year performance remained positive at 241.76%, with a high of ₹694 and a low of ₹75.15, while its five-year return was a robust 451.36%, with a high of ₹694 and a low of ₹43.65. Over ten years, the stock returned 46.78%, with a high of ₹694 and a low of ₹18.35.

HPL Electric & Power Investor Relevance and Role in Portfolio

HPL Electric & Power is a key holding in small-cap and industrial sector portfolios, offering exposure to the electrical equipment and power infrastructure space. Inclusion in S&P BSE SmallCap and S&P BSE Industrials indices underscores its economic and strategic importance. Strong operational performance and a diversified product portfolio make it a choice for long-term allocations.

HPL Electric & Power equity is held by a broad mix of leading domestic and international institutional investors, reflecting its prominence in India’s industrial sector. Top institutional stakeholders include UPAMC Chindia Fund, UPAMC Asia Pacific Fund, DFA Investment Dimensions Group Inc., SPDR Index Shares Funds, and Dimensional ETF Trust.

Prominent mutual fund holders include Dimensional Emerging Markets Core Equity 2 ETF, Dimensional Emerging Core Equity Market ETF, and SPDR S&P Emerging Markets Small Cap ETF. Global funds such as the DFA Emerging Markets ex China Core Equity Portfolio, Dimensional Funds plc, and Dimensional Funds ICVC also hold stakes in the company. This broad investor base underscores the company’s role as a trusted holding in both domestic and global portfolios.

Beyond fundamentals and ownership, HPL Electric & Power’s stock is actively monitored for technical indicators. Metrics such as Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Money Flow Index (MFI) provide additional insight into short-term momentum shifts in HPL Electric & Power stock price. While primarily used for near-term trading, these tools can also help portfolio managers gauge market sentiment and potential volatility around major events.

HPL Electric & Power’s beta has shown variation across different measurement periods, reflecting its nature as a mid-cap industrial stock with significant growth potential. The long-term beta stands at 2.51, indicating higher volatility relative to the broader market over an extended period. Looking at shorter ranges, the daily beta for a one-month period is 1.35, while for a three-month daily period, it is 1.21. The weekly beta for a one-year range is 0.762, and for a two-year weekly range, it is 1.63. Over a two-week period for a two-year range, the beta is 1.81, and for a monthly period over two years, it is 2.05. These figures show that while HPL Electric & Power share price can have periods of lower correlation, its overall beta remains elevated, signifying a volatility profile consistent with its industry and growth stage.

HPL Electric & Power Sectoral Relevance and Peer Positioning

HPL Electric & Power sector relevance stems from its scale in metering systems, switchgear, lighting, and cable solutions, establishing it as a key player in India’s electrical equipment ecosystem. Peer comparisons with Havells India, V-Guard Industries, Polycab India, Siemens India, and ABB India focus on order book size, capital efficiency, operating margins, and product innovation rather than short-term stock moves. These benchmarks help investors assess operational scale, efficiency, and market penetration. Institutional tracking of government infrastructure spending, power distribution reforms, and smart meter adoption further highlights HPL Electric’s systemic importance and positioning within India’s broader industrial markets.

HPL Electric & Power’s market cap has shown a strong growth trajectory, reflecting its evolving scale and investor interest. As of March 2026, the market cap stood at ₹18.56 billion, representing a 29.18% decrease from the previous year. In December 2025, the market cap was ₹26.20 billion, down 25.02% from 2024. A significant increase was seen in December 2024, when the market cap reached ₹34.95 billion, a 118.32% jump from ₹16.01 billion in December 2023. Prior to that, the market cap was ₹6.42 billion in December 2022, a 42.41% increase, and ₹4.51 billion in December 2021, a 59.07% rise from the previous period. Since its listing, the market cap has increased by over 52%, demonstrating a consistent long-term growth pattern.

HPL Electric & Power’s earnings Over the past decade (Mar 2015–Mar 2025), has demonstrated consistent earnings growth. Net profit increased from Rs 34.5 Cr in 2015 to Rs 94 Cr in 2025, reflecting a 10-year CAGR of 10.5%. The company recorded a 1-year growth of 115.6% in Mar 2025, while its 3-year CAGR was 129.3% and 5-year CAGR stood at 33.9%, showing strong recent acceleration. Quarterly performance also reflects steady growth, with the Dec-2025 quarterly net profit at Rs 19.5 Cr, up 7.5% YoY. EPS grew from Rs 5.4 in 2015 to Rs 14.6 in 2025, maintaining a CAGR of ~10% over 10 years. Profitability has benefited from improved operating efficiency, with operating margins rising from ~11.9% in 2015 to 14.9% in 2025. ROE strengthened to 10.3%, while cash from operating activities reached Rs 138 Cr in 2025, up 37.8% YoY.

HPL Electric & Power EPS has seen a remarkable increase over the past five years, reflecting the company’s improving profitability. For the fiscal year ending March 2025, EPS reached ₹14.58, a significant growth of 115.04% from the ₹6.78 reported in March 2024. The EPS in March 2023 was ₹4.69, which itself was a substantial 287.60% increase from the ₹1.21 reported in March 2022. The EPS in March 2021 was ₹1.55. This data shows a clear trend of earnings growth, particularly accelerating from FY2023 onwards. The consistent increase in EPS, culminating in the latest figure of ₹14.58, demonstrates the company’s enhanced ability to generate profit for its shareholders, driven by its expanding business operations.

HPL Electric & Power P/E ratio has fluctuated considerably over the last five years, reflecting changing market perceptions and earnings performance. For the fiscal year ending March 2025, the P/E stood at 28.32, a 39.33% decrease from the 46.68 recorded in March 2024. The P/E in March 2023 was 18.07, representing a 65.84% decline from the 52.89 reported in March 2022. The P/E in March 2021 was 31.11. The highest P/E ratio in the last five years was 52.89 in March 2022, while the lowest was 18.07 in March 2023. The latest P/E of 28.32 is lower than the five-year average of 35.42, suggesting a shift in market valuation relative to the company’s earnings.

Summary

HPL Electric & Power Limited operates in the Indian electrical equipment sector, offering products in metering, switchgear, lighting, and cables. The company has a market presence with its listings on NSE and BSE. HPL Electric & Power share price is part of small-cap and industrial indices. The company has demonstrated growth in earnings and revenue over recent years, with a history of market cap expansion since its listing.