HPL Electric & Power (NSE:HPL) Construction In Progress: ₹410 Mil (As of Mar. 2026)


NSE:HPL HPL Electric & Power Ltd NSE:HPL
79 GF Score
Price ₹360.25
GF Value ₹466.26
Valuation Modestly Undervalued
! 3 Warning Signs
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What is HPL Electric & Power Construction In Progress?

HPL Electric & Power NSE:HPL +0.36% 79 Construction In Progress is ₹410 Mil as of Mar. 2026. GuruFocus rates NSE:HPL with a GF Score™ of 79/100 and a GF Value™ of ₹466.26 (Modestly Undervalued). The stock has 3 warning signs investors should review.

HPL Electric & Power's quarterly construction in progress declined from Sep. 2025 (₹472 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹410 Mil).

HPL Electric & Power's annual construction in progress declined from Mar. 2024 (₹103 Mil) to Mar. 2025 (₹76 Mil) but then increased from Mar. 2025 (₹76 Mil) to Mar. 2026 (₹410 Mil).

HPL Electric & Power Construction In Progress Historical Data

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The historical data trend for HPL Electric & Power's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HPL Electric & Power Construction In Progress Chart

HPL Electric & Power Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 101.63 87.23 102.98 76.24 409.77

HPL Electric & Power Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 76.24 0.00 472.09 0.00 409.77
NSE:HPL
79GF Score
HPL Electric & Power Ltd NSE:HPL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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HPL Electric & Power Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹410 Mil mean?
HPL Electric & Power (NSE:HPL) has a Construction In Progress of ₹410 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on HPL Electric & Power and its competitors.
Is HPL Electric & Power's Construction In Progress too high?
HPL Electric & Power's current Construction In Progress is ₹410 Mil. Overall, HPL Electric & Power has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HPL Electric & Power's Construction In Progress compare to VRT and BE?
HPL Electric & Power's Construction In Progress of ₹410 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on HPL Electric & Power and its competitors. HPL Electric & Power's current Construction In Progress is ₹410 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HPL Electric & Power stock overvalued right now?
Based on GuruFocus' analysis, HPL Electric & Power (NSE:HPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹466.26, compared to a current price of ₹360.25 — trading 22.7% below its estimated fair value. The current Construction In Progress is ₹410 Mil. HPL Electric & Power's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For HPL Electric & Power (NSE:HPL), the current Construction In Progress is ₹410 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HPL Electric & Power (NSE:HPL) Overvalued in 2026?

Based on GuruFocus' analysis, HPL Electric & Power stock appears to be undervalued. The current stock price of ₹360.25 is trading 22.7% below its estimated GF Value™ of ₹466.26. GuruFocus considers HPL Electric & Power to be Modestly Undervalued.

Key valuation signals for NSE:HPL:

  • Construction In Progress: ₹410 Mil
  • GF Value™: ₹466.26 vs. price of ₹360.25 (22.7% below fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the NSE:HPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HPL Electric & Power Business Description

Other Exchanges 540136:India
Address 76-B, Phase-IV, HSIIDC Industrial Estate, Sector-57, Kundli, Sonipat, UP, IND, 131028
HPL Electric & Power Ltd is an Indian company engaged in manufacturing electric equipment across the key verticals: Metering, Switchgear, Lighting and Electronics, and Cables. The company operates in two segments: Metering, systems & services, and Consumer, Industrial & services. It derives key revenue from the Metering, Systems & Services segment. The product portfolio includes digital panel meters, smart Meters, Net Meters for Solar Rooftops, Prepaid Metering Solutions, Ebrit Digital Panel Meters, cordless chimes, and Trivector Meters. Geographically, the majority of its revenue is generated in India.
79GF Score

Get the complete analysis for NSE:HPL

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹360.25
Price
₹466.26
GF Value