HBL Engineering Share Price

HBL Power Systems Overview

Established in 1977 by Dr. A. J. Prasad and partners, HBL Power Systems is headquartered in Hyderabad, Telangana. Its registered office is at Banjara Hills. The company is publicly listed on the Bombay Stock Exchange (BSE: 517271) and the National Stock Exchange (NSE: HBLPOWER). HBL specialises in designing and manufacturing industrial batteries (lead-acid, Ni–Cd, silver-zinc, lithium) and power electronics—serving defense, railways, telecom, renewable energy, and industrial sectors.

HBL Power Business Segments and Revenue Model

HBL operates across three verticals:

• Batteries: Produces lead-acid, nickel-cadmium, silver-zinc, lithium, and specialised submarine and torpedo batteries.
• Electronics: Includes railway electronics (collision avoidance systems, signalling), industrial power systems (UPS, battery monitoring, DC panels), and e‑mobility products (motors, inverters, EV chargers).
• Ammunition/Solar & Concrete: Offers spun concrete poles, telecom towers, and solar controllers.

Revenue streams include B2B/B2G sales, backed by defence and railway contracts (approx. 20% revenue from defence), telecom battery supplies (~35%), industrial solutions, and growing renewable energy offerings (~15%).

HBL Power Key Milestones

• 1977: Hyderabad Batteries Ltd founded for battery manufacturing
• 1986: HBL Power Systems was incorporated; commenced operations producing nickel-cadmium batteries a month after incorporation
• Early 1990s: Launched UPS manufacturing (10 kVA+)
• 1999–2000: Merged Hyderabad Batteries and SAB Nife Power Systems; expanded operations
• 2003: Introduced UPS range
• 2004–05: Established Malaysia subsidiary HBL NIFE (M) Sdn Bhd
• 2006: Renamed HBL Power Systems Ltd; diversified product portfolio
• 2010: Listed on NSE and BSE
• 2010s: Acquired Genus Electronics (1999), launched railway electronics; by 2022 supplied submarine batteries and Agni missile thermal batteries
• FY23: Deployed Train Collision Avoidance Systems extensively, pure-lead batteries adopted in data centres and Indian Army
• FY24: Acquired 60% of TTL Electric Fuel Private Ltd, entering EV segment

HBL Power ESG and Sustainability

• Medium ESG risk rating (~27/100) with satisfactory Sustainalytics performance
• Focus on sustainable battery and power solutions, including R&D in lithium-ion and eco-friendly manufacturing processes
• CSR focuses on community education, energy access, and environmental conservation
• Long-term goal is to embed sustainability across operations by 2030

HBL Power Awards and Recognitions

• Won silver at The Tech Museum Awards for HBL Purevision UPS (2013)
• Recognition for advanced railway safety systems (Train Collision Avoidance System)
• Multiple patents and acknowledgements in defence battery technologies