Tag: ICRA

Rating: Unrated | TP: NAAGM HighlightsStrong focus on TCAS and TMS; high-growth electronics segment.The company continues to have a debt-equity ratio of <0.1x.Only Indian company in the market to have high powered Pure Lead Thin Plate (PLT) battery.Key TakeawaysHBL Power continues to focus on indigenous development of its products, with no foreign collaboration. The company aims to improve its technology and some of the R&D work in progress is expected to show the benefits from FY27F. HBL Power continues to have a healthy working capital and debt-equity ratio...