HBL Engineering Ltd: History, Latest Updates, Milestones, Subsidiaries and Share Price
INTRODUCTION
HBL Engineering Limited, formerly known as HBL Power Systems Limited, is a leading Indian company specializing in advanced battery technologies and power electronics. Established in 1977, the company has built a strong reputation for manufacturing high-quality lead-acid, nickel-cadmium, silver-zinc, and lithium batteries, catering to diverse industries such as defense, railways, aviation, and industrial applications. With a focus on innovation and sustainability, HBL Engineering has played a crucial role in powering critical infrastructure and transportation systems. Over the years, the company has expanded its portfolio to include specialized power solutions, reinforcing its position as a key player in the global energy storage market.
Investors closely watch HBL Engineering Ltd share price as the company continues its expansion in battery technologies and power solutions.
HBL Engineering Ltd moves in 2025:
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HBL Engineering secures five Letters of Acceptance from Central Railway for Rs. 762.56 crore to implement Kavach across 413 stations covering 3,900 km, with completion in 18 months.These significant railway contracts can positively impact HBL Engineering Ltd share price, reflecting investor confidence in the company’s growth trajectory.
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HBL Engineering’s consortium secures an LoA from Bhopal Division of West Central Railway worth Rs. 148.44 crore for Kavach implementation across multiple sections, to be completed in 540 days.
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HBL Engineering’s consortium bags a Rs. 410.42 crore order from Ahmedabad Division of Western Railway to install way-side Kavach on Ahmedabad-Palanpur and Ahmedabad-Samakhiyali sections, covering 402 km in 730 days.
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HBL Engineering reports quarterly results for December 2024, with sales declining to Rs. 4,546.60 million from Rs. 5,945.98 million a year ago, while net profit dropped by 19.23% to Rs. 614.80 million, and operating profit fell to Rs. 966.45 million from Rs. 1,153.89 million. The HBL Engineering Ltd share price may be influenced by these financial results.
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HBL Power Systems reports quarterly results for September 2024, with sales declining to Rs. 5,204.81 million from Rs. 5,513.10 million a year ago, while profit increased by 17.42% to Rs. 804.95 million, and operating profit rose to Rs. 1,215.91 million from Rs. 1,044.70 million. Investors tracking HBL Engineering Ltd share price may find these results significant.
Evolution of HBL Engineering Ltd: From Past to Present:
Past:
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Founded in 1986 by Dr. A.J. Prasad, K.S. Varaprasada Reddy, and five others, HBL Engineering Ltd. commenced operations with a focus on manufacturing Nickel Cadmium Pocket plate batteries. The company obtained its certificate of commencement of business on September 22, 1986. In 1991, HBL expanded its product line to include uninterrupted power systems (UPS) of 10 KVA and above, alongside sealed lead acid batteries. This diversification was supported by a technical collaboration with NIFE AB of Sweden, adopting transistorized pulse width modulation technology. Over the years, HBL continued to broaden its portfolio, venturing into industrial electronics, defense electronics, and railway electronic signaling. The company also explored new areas such as precision manufacturing, spun reinforced concrete, and green technology products. In 2006, reflecting its diversified interests beyond batteries, the company changed its name from HBL Nife Power Systems Ltd. to HBL Power Systems Ltd.
Present:
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In 2024, the company underwent another rebranding, changing its name to HBL Engineering Ltd., symbolizing its evolution into a comprehensive engineering solutions provider. Today, HBL Engineering Ltd. stands as a leader in specialized batteries and engineered products, serving sectors including industrial, defense, and railway electronics. The company's commitment to innovation and quality has solidified its reputation as a trusted partner for demanding clients and applications worldwide.
|
Name |
HBL Engineering Limited |
|
Founded year |
1977 |
|
Chairman |
A J Prasad |
|
Headquarters |
Hyderabad, Telangana, India |
|
Sector |
Batteries |
|
Subsidiaries |
HBL America Inc HBL Germany GmbH |
|
Nse code |
HBLENGINE |
|
Bse code |
517271 |
Timeline of HBL Engineering Ltd :
|
Year |
Event Description |
|
1986 |
Incorporated on August 29th by Dr. A.J. Prasad, K.S. Varaprasada Reddy, and five others; obtained the Certificate of Commencement of Business on September 22nd. The company's objective was to manufacture Nickel Cadmium Pocket plate batteries. |
|
1991 |
Undertook the establishment of facilities for manufacturing Uninterrupted Power Systems (UPS) of 10 KVA and above, with an installed capacity of 200 units per annum. Proposed expansion to include sealed lead acid batteries. Entered into an arrangement with NIFE AB of Sweden for UPS manufacturing technology. |
|
2002 |
Appointed Mr. P. Satish Kumar as Director of the Company. |
|
2003 |
Promoters acquired the 4.03% foreign promoter's stake in HBL Nife Power Systems Ltd. |
|
2004 |
Declared a dividend of 12%. |
|
2005 |
Planned three new battery manufacturing facilities; recommended a dividend of 15%. |
|
2006 |
Recommended a dividend of 15%. Changed company name from HBL Nife Power Systems Ltd. to HBL Power Systems Ltd. Issued rights in the ratio of 1:10. |
|
2007 |
Recommended a dividend of 15%. |
|
2008 |
Recommended a dividend of 15%. |
|
2009 |
Established a joint venture in Saudi Arabia to manufacture industrial batteries. Recommended a dividend of Rs. 3 per equity share of Rs. 10 each. Sub-divided equity shares from Rs. 10 per share into 10 shares of Rs. 1 each. |
|
2010 |
Recommended a 30% dividend. |
|
2011 |
Recommended a 10% dividend. |
|
2012 |
Recommended a 15% dividend. |
|
2013 |
Recommended a 15% dividend. |
|
2014 |
Entered into a Share Purchase Agreement with Varp Power Private Limited, Hyderabad, to acquire 26% shares (Capital of Rs. 26,000 from 2,600 shares at Rs. 10 each). |
|
2015 |
Received Best Vendor Award from HAL. Achieved a boost for 'Make in India' as FAA cleared two plane parts. |
|
2024 |
Changed company name from HBL Power Systems Ltd. to HBL Engineering Ltd. |
Inside HBL Engineering Ltd:
HBL Engineering Ltd
Corporate actions: On May 27, 2024, HBL Engineering Ltd. announced a final dividend of Rs. 0.50 per share, with the ex-dividend date set for September 13, 2024. Investors are closely monitoring HBL Engineering Ltd share price, as corporate actions like dividend announcements and major contract wins continue to influence market sentiment.
Main News:
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March 2025, HBL Engineering has received five Letters of Acceptance from Central Railway, amounting to Rs. 762.56 crore, for implementing the Kavach safety system.
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On March 31, HBL Engineering announced that Central Railway had awarded five Letters of Acceptance for Kavach, as per SEBI Listing Regulations.
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In February 2025, HBL Engineering’s consortium won an Rs. 410.42 crore contract from the Ahmedabad Division of Western Railway for the installation of Kavach across key railway sections.
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January 2025, HBL Engineering’s financial results indicate a decline in sales and profit, impacting investor sentiment on HBL Engineering Ltd share price.
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On December 14, HBL Engineering secured an order worth Rs. 1,522.40 crore (plus applicable taxes) from Chittaranjan Locomotive Works for the supply, installation, and commissioning of onboard Train Collision Avoidance System (Kavach) equipment in locomotives, with completion expected within 12 months.
Naval Systems and Technologies Private Limited
Main News: In December 2024, the Naval Science and Technological Laboratory (NSTL) handed over a key Infrared Suppression Signature (IRSS) system to the Indian Navy.
Current HBL Engineering Ltd Share Price NSE:
|
COMPANY NAME |
SECTOR |
SHARE PRICE LINK |
|
HBL Engineering Ltd |
Batteries |
Achievements and Milestones:
HBL Engineering Ltd, formerly known as HBL Power Systems Limited, has achieved significant milestones and secured notable contracts in recent times:?
Major Contracts for KAVACH System Implementation:
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In December 2024, HBL Engineering secured a substantial order worth Rs. 1,522.40 crore from Chittaranjan Locomotive Works. This contract involves the supply, installation, and commissioning of the Train Collision Avoidance System (TCAS), known as KAVACH, across 2,200 locomotives, with completion targeted within 12 months. ?
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In February 2025, the company received an order valued at Rs. 410.42 crore from the Ahmedabad Division of Western Railway. This project entails the supply and installation of roadside KAVACH systems over 402 km, scheduled for completion within 730 days.
CONCLUSION
In conclusion, HBL Engineering Ltd has evolved from a specialized battery manufacturer into a diversified engineering solutions provider, playing a crucial role in India's railway, defense, and industrial sectors. With major contracts for the implementation of the Kavach safety system and a strong track record of technological innovation, the company continues to reinforce its market position.
Despite recent fluctuations in financial performance, HBL Engineering’s strategic expansion and government-backed projects signal long-term growth potential. As the company progresses, investors will closely track developments, with HBL Engineering Ltd share price reflecting market sentiment and business performance. This makes HBL Engineering a key player in India's infrastructure and energy landscape.
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Frequently Asked Questions:
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Where can I find real-time updates on the HBL Engineering Ltd share price?
Explore the latest HBL Engineering Ltd share price updates on Enrich Money's stock analysis page here.
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What has been the peak HBL Engineering Ltd Stock Price in the last 52 weeks?
52 Week's highest HBL Engineering Ltd share price is Rs. 739.65, while 52 Week's lowest HBL Engineering Ltd Share price is Rs. 405.00.
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How has HBL Engineering Ltd performed financially?
The company’s profit grew 162.52%, and revenue increased 34.44% in the past three years. It is virtually debt-free, improving financial stability and impacting HBL Engineering Ltd share price.
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Is HBL Engineering Ltd financially stable?
Yes, with a current ratio of 2.39 and an interest coverage ratio of 29.60, the company maintains strong liquidity, which can influence HBL Engineering Ltd share price.
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How does HBL Engineering Ltd manage cash flow?
It has an efficient Cash Conversion Cycle of 85.44 days and an operating leverage of 3.72, ensuring profitability and cash flow stability, which impacts HBL Engineering Ltd share price.
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