Daily BriefsIndustrials

Daily Brief Industrials: HPL Electric & Power and more

In today’s briefing:

  • HPL Electric and Power Ltd- Forensic Analysis

HPL Electric and Power Ltd- Forensic Analysis

By Nitin Mangal

  • HPL Electric & Power (HPLE IN) is one of the key players in domestic electric meters market and domestic on-load, change-over switches market. The company also manufactures LED products.
  • Forensic overview of the company indicates poor capital allocation in the past, along with cash generation issues.
  • One must also keep a note of the inherent credit risk, as well as some interesting line items such as software and designs, on the balance sheet.

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