HBL Power Systems, a leading company in the battery and power systems industry, has been on a remarkable upward trend in its stock prices, showing consistent growth over the years.
In just the past year, the stock has shot up from ₹109 per share to a whopping ₹538.55 per share, marking an incredible increase of 394%. But the gains don’t stop there – long-term investors have seen even more impressive returns, with the stock soaring by an astonishing 1254% over the last three years and a staggering 2143% over the past five years.
Over the course of a decade, the stock has experienced an extraordinary surge of 5367%.
What’s remarkable is that the stock has consistently delivered positive returns each year, with significant gains recorded annually.
In the current year alone, the stock has continued its upward trajectory, witnessing a 24% increase from ₹437.90 to its current level. In February, it hit a new record high of ₹612 per share.
HBL Power Systems specializes in designing, developing, and manufacturing specialized batteries and electronic solutions. It operates across three main sectors: battery, electronics, and defense.
The company stands out as the world’s second-largest nickel-cadmium battery manufacturer, India’s third-largest telecom battery manufacturer, and the only Indian company with pure lead battery technology.
In terms of its financial performance, the company reported impressive numbers for the December-ending quarter (Q3FY24), with its consolidated net profit soaring by 230% to ₹76 crore compared to ₹23 crore for the same period last year. The consolidated revenue from operations also witnessed a significant growth of 80% YoY, reaching ₹595 crore.
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