Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 28 May - CLW awards HBL Rs.1,714 crore KAVACH equipment contract, to be completed within 12 months.
Source: Bse
HBL Engineering Limited (HBLENGINE)
Small CapIndustrials stocks · Small cap · NSE
HBL Engineering Limited operates in Engineering Products, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals16 Oct 2026 · screener
Latest result16 Aug, 01:31 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
62BullishSMA20 +9.2% / mo · MACD +
Stock trend: 70
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
HBLENGINED candles · FIT view+1.8%Latest close ₹812.95 on 2026-10-19
Bar
-1.7%
RSI
62
MACD hist
2.64
52W pos
39%
2026-10-19O ₹827.40H ₹832.85L ₹800.40C ₹812.95Vol 55.0L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
HBLENGINENifty India ManufacturingNifty 500
- HBLENGINE
- +11.3%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +16.8 pp
Chart stats
19 Oct 2026- From 52W high
- -27.5%
- 52W range position
- 39%
- ATR (14)
- 4.1%
- Volume vs 20D
- 1.60x
- Avg traded value
- ₹292 Cr
- 20D price channel
- ₹701 - ₹842
₹1,122
₹613 - ₹1,122
₹33.6
Latest completed session
20-session average
67.5% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED68
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +6.0% · PAT -23.8% YoY
Technical
Bullish62
Price trend and sector-relative-strength timing.
Valuation
Legacy model+26.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence86
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -24% YoY · margin compression · Rev +6% YoY · +6% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹638 Cr | +6.0% | +5.6% |
| EBITDA | ₹147 Cr | -23.4% | +96.0% |
| Operating margin | 23.0% | -900 bps | +1100 bps |
| PAT | ₹109 Cr | -23.8% | +70.3% |
| PAT margin | 17.1% | -667 bps | +648 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 28.80
- P/B
- 10.43
- EV/EBITDA
- 20.67
- Market Cap
- 23085.00Cr
Profitability
- ROE
- 45.30%
- ROCE
- 59.30%
- ROA
- 26.51%
- Dividend Y
- 0.41%
Growth (CAGR)
- Revenue 5Y
- 29.00%
- EPS 5Y
- 118.00%
- Revenue 3Y
- 34.00%
- EPS 3Y
- 105.00%
Balance Sheet
- Debt/Equity
- 0.03
- Interest Coverage
- 76.29×
- Altman Z
- 9.64
- Book Value
- 79.90
Cash Flow
- FCF Yield
- 2.27%
- FCF Positive Y
- 11/5
- OCF
- 738.00 Cr
- EPS TTM
- 28.17
Shareholding
- Promoter Hold
- 59.11%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 44%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 3,339+1.1% vs prev
Net Profit
₹ CrLatest: 814+194.9% vs prev
Return on Equity
%Latest: 36.8+97.5% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bullish setupTrend is constructive — long-term uptrend intact. RSI 62.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~8.4% over last month) — short-term momentum positive.
- RSI(14) at 62 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 28% off 52W high · 33% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
50
RS percentile
Stage 1 Base / Transition
1M return
+7.0%
3M return
+11.3%
6M return
-0.4%
1Y return
-18.8%
RS 1D
-5
RS 20D
+6
Sector rank
#5
Industry rank
#4
Stage evidence
- Price is 8.6% above the 30-week proxy without full trend alignment.
- The 30-week proxy changed +1.6% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price above
200-DMA
price above
Sector
neutral
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 103.45-1.41%
RS vs Nifty 500103
Valuation & peers
U-Score 68 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 68 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · UNDERVALUEDValuation6/30
Growth21/25
Quality20/20
Balance Sheet10/15
Cash Flow6/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
68
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
68/100 · legacy band UNDERVALUED
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 26.6%.
- Quality contributes 20/20 to the score.
Main drags
- Valuation is weaker at 6/30; verify the latest quarterly trend.
- Cash flow is weaker at 6/10; verify the latest quarterly trend.
- Balance sheet is weaker at 10/15; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
28.8
PB
10.4
EV/EBITDA
20.7
ROE
45.3%
ROCE
59.3%
FCF Yield
2.3%
Debt/Equity
0.0
MoS
+26.6%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
68
Previous: 68
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+26.6%
Previous: +26.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
69
69
69
69
69
69
69
66
66
66
68
68
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹225.04
-261.2% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹1,107.08
+26.6% MoS
PEG
0.26
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
AEROENTER
Small
Aeroflex Enterprises Limited
Industrial Machinery
match 81
69
9.4
8.4%
+76%
UNDERVALUED
TROM
SME
Trom Industries Ltd.
Industrial Machinery
match 74
67
7.3
13.8%
+80%
UNDERVALUED
EEPL
SME
Eppeltone Engineers Ltd.
Industrial Machinery
match 73
53
15.1
18.8%
+64%
FAIR VALUE
BEWLTD
SME
BEW Engineering Ltd.
Industrial Machinery
match 72
45
16.9
2.7%
+46%
WATCHLIST
PRESSTONIC
SME
Presstonic Engineering Ltd.
Industrial Machinery
match 72
38
25.8
6.5%
+41%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
HBL Engineering Limited operates in Engineering Products, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
86Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 99th percentile of the scored universe and 98th percentile within Industrials. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
9 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
99th percentile
overall median 67 · Industrials: 98th pctile, median 68 · Small: 99th pctile, median 66
Evidence depth
Financial-only
9 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
98
strong · capital discipline
Results
69
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 59.1%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2.3%.
- ▸11 years of positive FCF.
Trust risks
- ▸OPM spread across recent quarters is 32%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching HBL Engineering Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.