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HPL ELECTRIC
WELSPUN INDIA
IEX
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MINDTREE
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HPL Electric & Power Limited

HPL is a 4-decade old Delhi-headquartered electric equipment manufacturing company. It predominantly caters to five functional areas namelyβ€”metering, modular switches, switchgears, LED lighting and wires and cables,
Of these metering division accounts for 53% of the revenue while the contribution of the lighting and switchgear business is 22% and 19%, respectively. The company claims 20% market share in the domestic electric meters market; while its share is 50% in on-load change over switches. It’s the fifth largest LED lighting manufacturer in India.

At present, the B2C segment makes up 49% of HPL’s top line.
The company aims to improve the contribution of B2C business further.
It intends to grow the retailer touch points from 27,000 at present to 1 lakh over the next 3 years.

Atmanirbhar Bharat programme and a slew of structural reforms may draw the electrical equipment industry out of the deepest slumber. Is a sector re-rating on the cards
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SL : 320

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Simple TechnoFunda Pick.