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HomeSTOCKS2,100 Crore Massive Order To Supply Smart Meters; After News 16% Share...

2,100 Crore Massive Order To Supply Smart Meters; After News 16% Share Jump

HPL Electric & Power Ltd (NSE: HPL): Today’s shares of HPL Electric & Power Ltd, a smart meter installation company, jumped more than 16%. This jump has come after the company received an order of ₹ 2,100 crore. 

HPL Electric & Power Ltd said in an exchange filing that the order is worth ₹ 2,100.71 crore including taxes. This order was received from its customers to supply smart meters.

According to the latest news, this order exceeds the total amount of orders received by HPL Electric & Power Ltd in the last fiscal year. The size of the order is around 2-3 or 64 percent of the company’s market capitalization, just more than the sum of 3,300 crore rupees.

HPL Electric & Power Ltd has not shared any further information about the order, or where this order will be fulfilled, the company has also not given information about the timeline for completing this order and other details.

According to the company’s annual report, HPL Electric & Power Ltd had booked orders worth more than Rs 1,500 crore in the last financial year. The segment metering and systems made up nearly 82% of the overall order book. 75% of the metering order book came from smart meters.

Space To Buy Shares After The News

HPL Electric & Power Ltd Shares opened at Rs 470.70 today and hit a 52-week high of Rs 549. After this surge, the stock has gained more than 97% so far this year. The price of the stock has trebled over the past 12 months and has risen over 219%.

The stock has earned the stock a return of around 83% over six months. Whereas, it has jumped more than 21 percent in the last month. Its 52-week low is Rs 168.35.

HPL Electric & Power Ltd Stock Performance

Current Price₹ 563
52-wk High₹ 563 
52-wk Low₹ 168
5 Days Return25.26%
1 Month Return27.11%

Key Fundamentals Parameters

Market Cap₹ 3,620 Cr.
Stock P/E83.1
Book Value₹ 129
Dividend0.19 %
ROCE11.0 %
ROE5.37 %
Face Value₹ 10.0
P/B Value4.35
OPM13.2 %
EPS₹ 6.77
Debt₹ 627 Cr.
Debt to Equity0.76

HPL Electric & Power Ltd Shareholding Pattern

Promoters Holding
Mar 202372.66%
June 202372.66%
Sept 202372.66%
Dec 202372.66%
Mar 202472.66%
FII Holding
Mar 20230.02%
Jun 20230.43%
Sep 20230.00%
Dec 20230.00%
Mar 20240.24%
DII Holding
Mar 20230.31%
Jun 20230.24%
Sep 20230.23%
Dec 20230.23%
Mar 20240.32%
Hot Stocks Alert Join
Public Holding
Mar 202327.02%
Jun 202326.68%
Sep 202327.12%
Dec 202327.12%
Mar 202426.78%

HPL Electric & Power Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 977 Cr
2021₹ 875 Cr
2022₹ 1,014 Cr
2023₹ 1,262 Cr
2024₹ 1,461 Cr

Last 5 Years’ Net Profit:

2020₹ 22 Cr
2021₹ 10 Cr
2022₹ 8 Cr
2023₹ 30 Cr
2024₹ 44 Cr

Conclusion

This article provides a detail guide about HPL Electric & Power Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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