HPL Electric & Power (NSE:HPL) Debt-to-Equity: N/A (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:HPL HPL Electric & Power Ltd NSE:HPL
79 GF Score
Price ₹314.40
GF Value ₹490.54
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is HPL Electric & Power Debt-to-Equity?

HPL Electric & Power's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹0 Mil. HPL Electric & Power's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹0 Mil. HPL Electric & Power's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₹0 Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for HPL Electric & Power's Debt-to-Equity or its related term are showing as below:

NSE:HPL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55   Med: 0.76   Max: 0.8
Current: 0.76

During the past 12 years, the highest Debt-to-Equity Ratio of HPL Electric & Power was 0.80. The lowest was 0.55. And the median was 0.76.

NSE:HPL's Debt-to-Equity is ranked worse than
80.07% of 2685 companies
in the Industrial Products industry
Industry Median: 0.29 vs NSE:HPL: 0.76

HPL Electric & Power  (NSE:HPL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

HPL Electric & Power Debt-to-Equity Related Terms

HPL Electric & Power Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for HPL Electric & Power's Debt-to-Equity 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 Debt-to-Equity Chart

HPL Electric & Power Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 0.76 0.76 0.70 0.76

HPL Electric & Power Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity 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 N/A 0.78 N/A 0.76 N/A

NSE:HPL vs VRT, BE: Debt-to-Equity Comparison

For the Electrical Equipment & Parts subindustry, HPL Electric & Power's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HPL Electric & Power Debt-to-Equity vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, HPL Electric & Power's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where HPL Electric & Power's Debt-to-Equity falls into.


NSE:HPL
79GF Score
HPL Electric & Power Ltd NSE:HPL
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HPL Electric & Power Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HPL Electric & Power's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(6521.557 + 1029.29) / 10001.98
=0.75

HPL Electric & Power's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 0) / 0
=N/A

* 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.

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 ₹314.40 is trading 35.9% below its estimated GF Value™ of ₹490.54. GuruFocus considers HPL Electric & Power to be Significantly Undervalued.

Key valuation signals for NSE:HPL:

  • Debt-to-Equity: N/A
  • GF Value™: ₹490.54 vs. price of ₹314.40 (35.9% below fair value)
  • GF Score™: 79/100 with 2 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

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹314.40
Price
₹490.54
GF Value