What we do HPL Electric & Power Ltd is an Indian electrical equipment manufacturer specializing in metering, switchgears, lighting, and wires & cables for domestic, industrial, and utility sectors. |
Founded in 1,992 |
Market share 20% share in domestic electric meters, 50% in on-load changeover switches, 5% in low-voltage switchgear, and 5th largest LED lighting manufacturer in India. |
Problem solved Provides reliable, innovative electrical distribution and smart metering solutions helping improve energy management, billing accuracy, and energy efficiency. |
Top clients or who we serve Serves power utilities, government agencies, residential, commercial, and industrial customers; operates mainly B2B and B2C. |
Key management - |
Our journey and innovations Founded in 1992, transitioned to public company in 2015, pioneered smart meters and water metering solutions, expanded product range across segments, and enhanced manufacturing capacities. |
Where we operate Primarily India with expanding export footprint in overseas markets. |
Top products or what we offer Smart and conventional meters, switchgears, lighting products including LED, wires, cables, and smart water meters. |
Top brands Neeram Pulse (smart water meter), Emfis series (meters), Aries LED lighting; all with strong market presence and innovation. |
Raw materials needed Copper, plastics, semiconductors, electronic components, metals for switchgear manufacturing. |
Raw materials supplier Not specified in data. |
Recurring vs cyclical contribution Revenue driven by recurring orders from utilities and cyclical demand in consumer and industrial segments. |
Our industry position Among leading players with strong growth in Indian electrical equipment and smart metering markets. |
Financial highlights FY 2025 consolidated revenue Rs 1700 crore; net profit Rs 94 crore; 16% revenue growth; EBITDA margin around 15%. |
Geographical revenue split Domestic market ~98%, overseas ~2%. |
Order book Strong order book exceeding Rs 3100 crore mainly from metering systems and services segment. |
Whats driving growth Government smart meter rollout, smart city initiatives, expanding distribution, and new product innovations. |
Our future plans Capacity expansion in smart metering, entry into smart water meters, and increased brand and channel expansion. |
Our green promise Offers energy-saving LED lighting and eco-friendly products complying with RoHS and sustainability standards. |
Our people and values 620+ employees with focus on innovation, quality, and customer service. |
Key challenges ahead Industry-wide pricing pressures in lighting, technological advancement pace, and raw material costs volatility. |
Interesting facts HPL operates 7 manufacturing units and 2 DSIR-recognized R&D centers; has installed automated smart metering assembly lines. |
Risks and strategy Managing competitive pricing, supply chain risks with R&D focus and strong pre-qualification credentials to sustain market leadership. |
