Kavach inventory has attracted consideration following the corporate’s rising capability and increasing order ebook. The most recent developments spotlight the corporate’s efforts to strengthen its place available in the market, with a rising worth of orders, together with vital contracts for practice collision avoidance programs and different initiatives.
Share Worth Motion
In Friday’s buying and selling session, HBL Engineering Ltd’s share value rose by 3.5 %, hitting an intra-day excessive of Rs.633.55 per share, up from the earlier shut of Rs.626.75 per share. The shares have since retreated and closed at Rs.625.85 per share. Over the previous 5 years, the inventory has delivered over 4,000 % returns.
Order E book
As of December 2024, HBL Engineering Restricted’s complete order ebook stands at Rs.2,701.15 crore. This contains Rs.1,178.75 crore from numerous initiatives equivalent to batteries, railway signaling, and defence electronics, together with a major Rs.1,522.40 crore contract for the availability and set up of On-Board Prepare Collision Avoidance System (TCAS) (KAVACH) tools for two,200 locomotives.
Sector Growth
HBL Engineering is among the many choose railway firms engaged within the KAVACH orders for Indian Railways, alongside different companies like KEC Worldwide, Kernex Microsystems, RailTel, and Siemens. The mixed estimated worth of the KAVACH and LTE orders stands at Rs.30,000 crore.
Capability Enlargement
HBL is investing roughly Rs.100 crore ($12 million) in FY25 to develop excessive power density lithium-ion cells in-house, focusing totally on protection functions in step with India’s rising protection price range and self-reliance initiatives.
Moreover, the corporate is enhancing its manufacturing capability for digital programs and implementing lean manufacturing methods to spice up productiveness. These efforts additionally embrace rising inventories of digital parts to deal with provide chain challenges.
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Financials
In keeping with its latest monetary updates, HBL Engineering Ltd reported consolidated income of Rs.521 crores in Q2 FY25, marking a 7 % lower from Rs.557 crores in Q2 FY24. As well as, the corporate noticed its internet revenue rise 30 % to Rs.87 crores, in comparison with Rs.68 crores in the identical interval final yr.
Shareholding Sample
As per the shareholding sample for September 2024, the promoters of HBL Engineering Ltd maintain a 59.10 % stake, whereas International Institutional Buyers (FIIs) personal 4.91 %. Home Institutional Buyers maintain 0.96 % and Retail buyers maintain 29.37 % of the corporate’s shares.
Concerning the Firm
HBL Engineering Ltd, previously HBL Energy Methods, is a outstanding producer of specialised batteries and energy programs headquartered in Hyderabad, India.
The corporate was fashioned in 1999 by way of the merger of Hyderabad Batteries Ltd and SAB Nife Energy Methods Ltd. Since then, it has develop into a key participant within the battery and energy electronics business, catering to sectors equivalent to telecom, railways, and protection.
Written by – Siddesh S Raskar
Disclaimer
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