HPL Electric & Power (NSE:HPL) ROCE %: 22.57% (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 ROCE %?

HPL Electric & Power NSE:HPL +0.36% 79 ROCE % is 22.57% 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. HPL Electric & Power's annualized ROCE % for the quarter that ended in Mar. 2026 was 22.57%.

HPL Electric & Power  (NSE:HPL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

HPL Electric & Power ROCE % Related Terms

HPL Electric & Power ROCE % Historical Data

* Premium members only.

The historical data trend for HPL Electric & Power's ROCE % 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 ROCE % Chart

HPL Electric & Power Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.49 12.81 15.51 22.56 20.69

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
ROCE % 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 30.61 19.69 20.37 19.51 22.57
NSE:HPL
79GF Score
HPL Electric & Power Ltd NSE:HPL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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HPL Electric & Power ROCE % Calculation

HPL Electric & Power's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=2175.919/( ( (20947.601 - 11275.571) + (23983.299 - 12617.775) )/ 2 )
=2175.919/( (9672.03+11365.524)/ 2 )
=2175.919/10518.777
=20.69 %

HPL Electric & Power's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=2564.992/( ( (0 - 0) + (23983.299 - 12617.775) )/ 1 )
=2564.992/( ( 0 + 11365.524 )/ 1 )
=2564.992/11365.524
=22.57 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 22.57% mean?
HPL Electric & Power (NSE:HPL) has a ROCE % of 22.57% as of Mar. 2026.
Is HPL Electric & Power's ROCE % too high?
HPL Electric & Power's current ROCE % is 22.57%. The Industrial Products industry median ROCE % is 7.05. HPL Electric & Power's value of 22.57% is 220.4% above this industry median. 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 ROCE % compare to VRT and BE?
HPL Electric & Power's ROCE % of 22.57% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.05. HPL Electric & Power's value of 22.57% is 220.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.05, based on 3,026 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HPL Electric & Power's current ROCE % of 22.57% is 220.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HPL Electric & Power's current ROCE % is 22.57%. 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 ROCE % is 22.57% and 220.4% above the Industrial Products industry median of 7.05. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For HPL Electric & Power (NSE:HPL), the current ROCE % is 22.57% 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:

  • ROCE %: 22.57%
  • GF Value™: ₹466.26 vs. price of ₹360.25 (22.7% below fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 220.4% above the Industrial Products median

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

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

₹360.25
Price
₹466.26
GF Value