Case study

HPAL

HPAL

Tread carefully1y model +1.0%

Each stock's 10,000-path forecast, rendered as light.

33Score

HPAL (HPAL) Stock Analysis & Case Study

Is HPAL a good buy? The data-driven verdict.

HPAL (HPAL) trades at ₹34,on the numbers it tread carefully, a Downstox Snapshot Score of 33/100.

On the numbers, HPAL (HPAL) tread carefully, a Downstox Snapshot Score of 33/100, weighing expensive at 41.4× earnings, ROE of 4.1%, a 51% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

HPAL fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹314 Cr
Current price
₹34
P/E ratio
41.4×
P/B ratio
1.68×
Book value
₹20
Dividend yield
1.17%
ROCE
5.7%
ROE
4.1%
Piotroski F-Score
4/8

How HPAL ranks against the 2,373 companies in our screener

Is HPAL overvalued? HPAL P/E vs peers

HPAL trades at 41.4× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

HPAL share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 4.5y of HPAL history (-15%/yr drift, 40%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
HPAL 2027₹21₹35₹58+1%
HPAL 2028₹17₹35₹72+2%
HPAL 2029₹14₹35₹86+3%
HPAL 2030₹13₹36₹100+4%
HPAL 2031₹12₹36₹112+5%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability HPAL goes up, or doubles?

51%
Higher in 1 year
Modelled chance the price is above today in 12 months
52%
Higher in 5 years
Modelled chance the price is above today in 5 years
24%
Doubles in 5 years
Modelled chance of reaching ₹68 within 5 years

The bull case for HPAL

  • HPAL is part of the nifty500 universe with live, tracked fundamentals on Downstox.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹86.

The bear case & risks

  • HPAL's P/E of 41.4x is lower than 32% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • HPAL's return on equity of 4.1% ranks in the 26th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹14.

HPAL volatility & expected range, how bumpy is the ride?

Over the last 4.5 years HPAL compounded at -15%/year with annualized volatility of 40%. That volatility implies a 1-year 80% range of ₹21-₹58, the honest backbone behind any single price target.

HPAL price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 4.5 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
1.0%
80% range₹21-₹58
P(price ↑)51%
P(price 2×)5%
3-Year Forecast
2029
₹0
Median (P50)
3.1%
80% range₹14-₹86
P(price ↑)52%
P(price 2×)17%
5-Year Forecast
2031
₹0
Median (P50)
5.2%
80% range₹12-₹112
P(price ↑)52%
P(price 2×)24%

HPAL price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
HPAL simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds HPAL hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the HPAL price target & forecast page.

HPAL Piotroski F-Score: 4/8, how financially strong is it?

4/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. HPAL scores 4/8, mixed financial health.

HPAL MTF margin & leverage across 1 brokers

Margin Trading Facility lets you buy HPAL with part of the capital. Lower margin % = higher leverage. Rates compared across 1 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
DhanCHEAPEST60.00%1.7×

Compare every broker on the HPAL MTF page.

About HPAL: sector, index & market-cap context

HPAL (HPAL) is a small-cap NSE-listed company, with a market capitalisation of ₹314 Cr. See more stocks on our screener.

How the HPAL Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of HPAL's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

HPAL analysis, FAQs

Is HPAL (HPAL) a good buy?

On the numbers, HPAL (HPAL) tread carefully, a Downstox Snapshot Score of 33/100, weighing expensive at 41.4× earnings, ROE of 4.1%, a 51% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is HPAL overvalued or undervalued?

HPAL trades at 41.4× earnings, expensive versus the ~22× long-run Nifty average.

What is the HPAL share price target for 2031?

HPAL's probability-weighted 2031 median target is ₹36, with an 80% range of ₹12-₹112 (10,000-path Monte-Carlo).

What is the probability HPAL doubles in 5 years?

The modelled probability of HPAL reaching ₹68 (2×) within 5 years is 24%.

What is the bull case for HPAL?

HPAL is part of the nifty500 universe with live, tracked fundamentals on Downstox.

What are the risks in HPAL?

HPAL's P/E of 41.4x is lower than 32% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. HPAL's return on equity of 4.1% ranks in the 26th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

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