Stocks breaking to new annual highs
S&P 500 oversold value screener
Relative strength momentum leaders
Upcoming earnings dates & reports
Filter and sort all 500 stocks
Continuous multi-factor scoring & catalyst forensics
Today's biggest gainers and losers
HPL Electric & Power Limited is an Indian electrical equipment manufacturer producing wires, cables, switchgear, lighting solutions, and consumer electrical products for residential, commercial, and industrial applications across India. The company operates manufacturing facilities primarily in northern India and competes in a fragmented market dominated by Polycab, Havells, and KEI Industries. Recent 115% net income growth reflects margin expansion and operational leverage as India's electrification and infrastructure buildout accelerates.
HPL generates revenue through manufacturing and distribution of electrical products with pricing tied to raw material costs (copper, aluminum, PVC) plus conversion margins. The company operates a dealer-distributor network across India, competing on brand recognition in tier-2/3 cities and product quality. Gross margins of 35.2% reflect moderate pricing power in commodity-linked products, while 23.5% operating margins indicate efficient manufacturing scale. The business benefits from India's structural demand for electrical infrastructure driven by urbanization, real estate construction, and government electrification programs.
Copper and aluminum price movements - directly impact input costs and working capital requirements, with 1-2 quarter lag in pricing pass-through
Indian real estate and infrastructure activity - housing starts, commercial construction, and government infrastructure spending drive cable and switchgear demand
Market share gains in tier-2/3 cities - competitive positioning against Polycab and Havells in underpenetrated regional markets
Operating margin trajectory - ability to maintain 23%+ margins amid commodity volatility and competitive pricing pressure
Commodity price volatility - Copper and aluminum represent 50-60% of input costs with imperfect pricing pass-through creating margin compression risk during rapid price increases
Regulatory changes in Indian electrical standards - BIS certification requirements, energy efficiency mandates, or import duty changes on raw materials can disrupt operations or compress margins
Market share pressure from larger competitors - Polycab (30%+ market share) and Havells have superior brand recognition, distribution reach, and pricing power in premium segments
Unorganized sector competition - Small regional manufacturers compete on price in commodity cable segments, limiting pricing power in tier-3 cities and rural markets
Working capital intensity - Commodity inventory and dealer receivables create cash flow volatility; copper price spikes can strain liquidity despite 1.33x current ratio
Capex requirements for capacity expansion - Maintaining 16%+ revenue growth requires ongoing manufacturing investments, limiting free cash flow generation (currently 2.8% FCF yield)
high - Electrical equipment demand correlates strongly with construction activity, industrial capex, and infrastructure spending. India's GDP growth, particularly construction and manufacturing sectors, directly drives volume growth. Real estate slowdowns or delayed infrastructure projects immediately impact order books and inventory turnover.
Moderate sensitivity through two channels: (1) Higher rates reduce real estate construction activity and housing demand, lowering cable/switchgear volumes; (2) Working capital financing costs increase with commodity inventory requirements. However, India-specific rate policy matters more than US Federal Funds Rate. Valuation multiples compress when rates rise as investors rotate from growth to defensive sectors.
Moderate - Company extends 60-90 day credit to distributors and dealers, creating working capital requirements. Tighter credit conditions or dealer financial stress can slow inventory turnover and increase bad debt provisions. Debt/Equity of 0.78 indicates manageable leverage, but commodity price spikes require incremental working capital financing.
growth - 16.7% revenue growth and 115% net income growth attract investors seeking exposure to India's infrastructure buildout and electrification theme. Recent 24-27% drawdowns create value entry points for long-term India bulls. Moderate 2.8% FCF yield and reinvestment needs make this unsuitable for income investors.
high - Stock exhibits significant volatility from commodity price swings, Indian market sentiment, and earnings surprises. Recent 24% three-month decline reflects broader Indian small-cap selloff and copper price concerns. Beta likely 1.2-1.5x vs Indian indices given cyclical exposure and mid-cap liquidity.