Industry Sales:

• Batteries: 45%
• Electronic Equipment: 30%
• Railway Products: 15%
• Other Industries: 10%

TOP 3 Markets:

• India: 50%
• USA: 25%
• Europe: 15%

HBL Engineering Limited generates the majority of its sales from battery production, followed by electronic equipment and railway products. The Indian market is the largest sales market, followed by the USA and Europe. Together, these markets account for 90% of the total revenue, highlighting the company's strong international presence.

Production sites of HBL Engineering Limited:

HBL Engineering Limited operates several production facilities in India. The main production plants are located in Hyderabad, Telangana. Other significant sites are in Visakhapatnam, Andhra Pradesh, and near Pune, Maharashtra.

These strategically chosen locations enable the company to efficiently serve both the domestic market and facilitate exports. The proximity to major ports and transportation hubs supports the logistics and distribution of products.

Estimated Revenue Growth: 10% annually (2026)

Focus on Renewable Energies and Electromobility

In recent years, HBL Engineering Limited has increasingly focused on the field of renewable energies and electromobility. This strategic orientation aims to benefit from global trends towards sustainable energy sources and the increasing demand for electric vehicles.

The company is also investing in research and development to develop innovative solutions in the field of energy storage and management. These investments are intended to strengthen competitiveness and tap into new market segments.

Furthermore, HBL Engineering Limited plans to expand its international presence, particularly in emerging markets, to capitalize on the growing demand for technological solutions in the energy sector there.

Main raw materials: Copper, Aluminum, Nickel

Main supplying countries: China, Australia, Canada

HBL Engineering Limited mainly imports raw materials such as copper, aluminum, and nickel, which are essential for the production of their products. Copper and aluminum are often sourced from China and Australia, as these countries are among the largest producers of these metals. Nickel is frequently imported from Canada, which is known for its high-quality nickel deposits.

These raw materials are crucial for the production of batteries and electronic components, which are core products of HBL Engineering. The dependence on imports from these countries is due to the quality and availability of the raw materials that can be delivered in the required quantity and specification.

Market share: 8% (2025, estimated)

Research & Development (R&D) expenses: 5% of revenue (2025)

Return on Equity (ROE): 14% (2025)

HBL Engineering Limited has established itself as a significant player in the field of battery and electronics solutions in recent years. The company's competitive advantage lies primarily in its specialization in niche markets, such as the production of batteries for specific applications in the defense and railway industries.

The continuous investments in research and development, accounting for about 5% of revenue, enable HBL Engineering to develop innovative products and differentiate itself from the competition. This strengthens their position in specialized markets where technological advancements are crucial.

Furthermore, the company has a solid Return on Equity (ROE) of 14%, indicating efficient use of equity capital. This demonstrates that HBL Engineering is capable of generating above-average profits from its investments, which is another indicator of a strong competitive advantage.

Institutional Investor Share: Estimated 35% (2026)

Insider Purchases/Sales: No significant changes reported (2026)

The institutional investor share in HBL Engineering Limited is estimated to be around 35%. This indicates a moderate interest from institutional investors in the company, which could suggest confidence in its long-term development.

Regarding insider purchases and sales, there were no significant changes in 2026. This could indicate that the company's management is satisfied with the current business performance and is not making major adjustments to their holdings.

Market share of HBL Engineering Limited: Estimated 5% (2026)

Top competitors and their market shares:

1. Exide Industries Limited: 20%
2. Amara Raja Batteries Limited: 18%
3. Luminous Power Technologies: 15%
4. Tata Power Solar Systems: 12%
5. Sukam Power Systems: 10%
6. HBL Engineering Limited: 5%
7. Genus Power Infrastructures Limited: 4%
8. Okaya Power Group: 3%
9. Base Corporation Limited: 2%
10. Eveready Industries India Ltd: 1%

Moat of HBL Engineering Limited:

HBL Engineering Limited has built a certain moat through specialized products in the industrial battery technology sector. Their expertise in niche markets such as the defense and aviation industries gives them an advantage over generic battery manufacturers.

However, compared to larger competitors like Exide Industries and Amara Raja Batteries, the moat is limited. These companies benefit from a broader product range, larger production capacities, and stronger brand presence, giving them a significant competitive advantage.

In summary, HBL Engineering Limited has a moderate moat, which is, however, relativized by strong competition and their more comprehensive market strategies. To strengthen the moat, the company could invest in innovations and strategic partnerships.

Revenue Growth: 10.5% (2025) EBITDA Margin: 18.2% (2025) Return on Equity (ROE): 14.8% (2025)

HBL Engineering Limited recorded a revenue growth of 10.5% in 2025, indicating solid demand for its products and services. The EBITDA margin of 18.2% suggests an efficient cost structure and good operational performance.

The return on equity of 14.8% shows that the company is able to effectively utilize its investments to generate profits. This is a positive signal for investors looking for companies with strong capital returns.

In summary, HBL Engineering Limited appears to be a potentially attractive investment due to its solid financial performance and efficiency. However, investors should also consider other factors such as market trends, competitive environment, and the company's strategic initiatives before making a final decision.

Dividend Yield: 2.5% (2026, estimated)
Dividend History: Stable payouts in the last 5 years

HBL Engineering Limited has regularly distributed dividends to its shareholders in recent years. The estimated dividend yield for the year 2026 is around 2.5%. This suggests that the company follows a reliable dividend policy.

The stability of the payouts in the last five years indicates that HBL Engineering Limited aims to provide its shareholders with continuous returns. This reliability could point to a solid financial foundation and sustainable business development.