HPL Electric & Power HPL
Meter and switchgear maker supplying smart meters to AMISPs and discoms, plus lighting and wires
Mapped in 1 theme: Power Transmission & Grid.
Where HPL Electric & Power sits in the supply chain
HPL Electric & Power appears in 1 supply-chain layer in one theme, Power Transmission & Grid.
Power Transmission & Grid › Smart meters & distribution
Direct supplierOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,014 | 1,262 | 1,461 | 1,700 | 1,811 |
| Net profit | 8 | 30 | 44 | 94 | 91 |
Latest-year revenue ₹1,811 Cr (FY26, company-wide).
Strengths
- Large meter capacity and RDSS orders from AMISPs
- Also makes switchgear for distribution
Risks
- Thin margins and high working capital
- Depends on AMISPs' order timing
Common questions
What does HPL Electric & Power do?
Meter and switchgear maker supplying smart meters to AMISPs and discoms, plus lighting and wires.
Where does HPL Electric & Power sit in the supply chain?
HPL Electric & Power (NSE: HPL) is mapped in 1 supply-chain layer: Smart meters & distribution (Power Transmission & Grid).
Who are HPL Electric & Power's peers?
In the Smart meters & distribution layer of Power Transmission & Grid: Genus Power Infrastructures, Adani Energy Solutions, Techno Electric & Engineering and IntelliSmart Infrastructure (not NSE-listed).
What is HPL Electric & Power's market cap and valuation?
As of 6 Nov 2026: market cap ₹1,710 Cr, P/E 17.8x, ROCE 13.5%, ROE 9.9%, dividend yield 0.38%.