Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4.10 | 5.36 | 5.85 | 6.61 | 5.52 | 5.04 | 4.40 | 3.27 | 3.18 | 3.76 | 3.94 | 5.20 |
| Expenses | 4.61 | 5.41 | 6.06 | 6.59 | 5.95 | 5.61 | 6.73 | 3.99 | 3.18 | 3.82 | 3.92 | 5.20 |
| Operating Profit | -0.51 | -0.05 | -0.21 | 0.02 | -0.43 | -0.57 | -2.33 | -0.72 | 0.00 | -0.06 | 0.02 | 0.00 |
| OPM % | -12.44% | -0.93% | -3.59% | 0.30% | -7.79% | -11.31% | -52.95% | -22.02% | 0.00% | -1.60% | 0.51% | 0.00% |
| Other Income | 0.20 | 0.10 | 0.10 | 0.09 | 0.11 | 0.06 | 0.12 | 0.05 | 0.05 | 0.11 | 0.05 | 0.05 |
| Interest | 0.02 | 0.02 | 0.03 | 0.04 | 0.04 | 0.03 | 0.13 | 0.04 | 0.02 | 0.02 | 0.04 | 0.01 |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Profit before tax | -0.35 | 0.01 | -0.16 | 0.05 | -0.38 | -0.56 | -2.36 | -0.73 | 0.01 | 0.01 | 0.01 | 0.02 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | -0.35 | 0.01 | -0.16 | 0.05 | -0.38 | -0.57 | -2.36 | -0.74 | 0.00 | 0.01 | 0.01 | 0.02 |
| EPS in Rs | -1.12 | 0.03 | -0.51 | 0.16 | -1.21 | -1.82 | -7.54 | -2.36 | 0.00 | 0.03 | 0.03 | 0.06 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15.38 | 13.24 | 16.89 | 16.60 | 13.89 | 11.12 | 12.22 | 15.56 | 19.73 | 21.56 | 14.15 | 16.08 |
| Expenses | 15.73 | 13.80 | 17.67 | 17.16 | 13.98 | 11.68 | 13.31 | 16.76 | 20.91 | 24.86 | 14.91 | 16.12 |
| Operating Profit | -0.35 | -0.56 | -0.78 | -0.56 | -0.09 | -0.56 | -1.09 | -1.20 | -1.18 | -3.30 | -0.76 | -0.04 |
| OPM % | -2.28% | -4.23% | -4.62% | -3.37% | -0.65% | -5.04% | -8.92% | -7.71% | -5.98% | -15.31% | -5.37% | -0.25% |
| Other Income | 0.27 | 0.14 | 0.13 | 0.15 | 0.73 | 0.29 | 0.24 | 8.95 | 0.48 | 0.37 | 0.19 | 0.26 |
| Interest | 0.17 | 0.10 | 0.05 | 0.03 | 0.02 | 0.04 | 0.06 | 0.05 | 0.09 | 0.25 | 0.11 | 0.09 |
| Depreciation | 0.36 | 0.31 | 0.25 | 0.29 | 0.27 | 0.21 | 0.06 | 0.08 | 0.09 | 0.09 | 0.09 | 0.08 |
| Profit before tax | -0.61 | -0.83 | -0.95 | -0.73 | 0.35 | -0.52 | -0.97 | 7.62 | -0.88 | -3.27 | -0.77 | 0.05 |
| Tax % | -3.28% | -27.71% | 0.00% | 0.00% | 34.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Net Profit | -0.59 | -0.60 | -0.95 | -0.72 | 0.24 | -0.52 | -0.97 | 7.63 | -0.89 | -3.28 | -0.77 | 0.04 |
| EPS in Rs | -1.88 | -1.92 | -3.03 | -2.30 | 0.77 | -1.66 | -3.10 | 24.37 | -2.84 | -10.47 | -2.46 | 0.12 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -1% | 5% | -3% | -12% | ||
| Compounded Profit Growth | -3% | -13% | 5% | 99% | ||
| Stock Price CAGR | 5% | 9% | 4% | 16% | ||
| Return on Equity | -13% | -16% | -17% | -10% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 |
| Reserves | 5.67 | 5.08 | 4.48 | 3.53 | 2.80 | 3.04 | 2.53 | 1.55 | 9.18 | 8.29 | 5.01 | 4.26 |
| Borrowings | 2.14 | 1.47 | 0.99 | 0.41 | 0.31 | 0.02 | 1.56 | 1.10 | 0.76 | 2.08 | 2.87 | 0.58 |
| Other Liabilities | 1.29 | 0.87 | 0.92 | 1.91 | 1.52 | 1.20 | 1.42 | 4.79 | 1.79 | 2.78 | 1.97 | 2.14 |
| Total Liabilities | 12.23 | 10.55 | 9.52 | 8.98 | 7.76 | 7.39 | 8.64 | 10.57 | 14.86 | 16.28 | 12.98 | 10.11 |
| Fixed Assets | 2.63 | 2.43 | 2.12 | 2.05 | 1.79 | 1.41 | 1.21 | 0.38 | 0.95 | 0.96 | 0.89 | 0.83 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.60 | 0.58 | 0.29 | 0.23 | 0.21 | 0.25 | 0.17 | 3.38 | 7.49 | 7.29 | 4.67 | 4.25 |
| Other Assets | 9.00 | 7.54 | 7.11 | 6.70 | 5.76 | 5.73 | 7.26 | 6.56 | 6.42 | 8.03 | 7.42 | 5.03 |
| Total Assets | 12.23 | 10.55 | 9.52 | 8.98 | 7.76 | 7.39 | 8.64 | 10.57 | 14.86 | 16.28 | 12.98 | 10.11 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2.22 | 0.83 | 0.65 | 0.12 | 0.08 | -0.53 | -1.26 | 3.20 | -5.03 | -1.61 | -3.18 | 1.62 |
| Cash from Investing Activity | -0.86 | -0.06 | 0.39 | -0.02 | 0.14 | 0.79 | -0.56 | -2.59 | 5.33 | 0.44 | 2.76 | 0.60 |
| Cash from Financing Activity | -1.92 | -0.84 | -0.52 | -0.61 | -0.13 | -0.05 | 1.51 | -0.52 | -0.39 | 1.23 | 0.54 | -2.40 |
| Net Cash Flow | -0.55 | -0.06 | 0.52 | -0.50 | 0.09 | 0.22 | -0.31 | 0.09 | -0.09 | 0.06 | 0.12 | -0.17 |
| Free Cash Flow | 1.70 | 0.68 | 0.65 | -0.05 | 0.05 | 0.12 | -1.27 | 3.06 | 3.78 | -1.71 | -3.21 | 1.60 |
| CFO/OP | -2,467% | -237% | -107% | -15% | -16% | 456% | 225% | -289% | 419% | 136% | 96% | -213% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 75.51 | 40.58 | 51.83 | 47.11 | 40.24 | 27.33 | 66.63 | 47.49 | 46.92 | 66.41 | 51.30 | 23.73 |
| Inventory Days | 28.17 | 21.57 | 27.02 | 50.33 | 46.85 | 60.83 | 59.72 | 22.90 | 39.52 | 38.08 | 36.99 | 67.56 |
| Days Payable | 17.67 | 11.61 | 24.02 | 59.17 | 41.55 | 35.32 | 57.48 | 26.04 | 43.11 | 69.16 | 43.06 | 72.42 |
| Cash Conversion Cycle | 86.01 | 50.54 | 54.83 | 38.27 | 45.53 | 52.84 | 68.86 | 44.35 | 43.32 | 35.34 | 45.23 | 18.87 |
| Working Capital Days | 94.73 | 32.04 | 34.18 | 30.90 | 29.02 | 34.42 | 4.92 | -108.13 | 20.88 | 2.77 | 4.57 | -6.45 |
| ROCE % | -1.24% | -4.46% | -8.10% | -11.61% | -10.52% | -2.57% | -7.01% | -14.00% | -9.44% | -5.95% | -24.64% | -6.95% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.72% | 73.72% | 73.72% | 73.14% | 72.87% | 71.07% | 71.45% | 70.79% | 70.58% | 69.90% | 60.22% | 69.59% |
| Public | 26.28% | 26.29% | 26.26% | 26.86% | 27.12% | 28.94% | 28.54% | 29.20% | 29.42% | 30.09% | 39.78% | 30.40% |
| No. of Shareholders | 2,223 | 2,237 | 2,229 | 2,267 | 2,324 | 2,313 | 2,289 | 2,336 | 2,361 | 2,381 | 2,374 | 2,398 |
Fundamentals
Market Cap₹ 28.5 Cr.
Current Price₹ 91.0
Book Value₹ 23.6
ROCE-6.95 %
ROE-9.92 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-12%
Compounded Profit Growth (TTM)99%
Standalone figures.
Valuation
Market capRs 26 Cr
Enterprise valueRs 27 Cr
Price to book3.57x
Price to sales1.64x
EV / EBITDA121.92x
EV / EBIT191.59x
EV / sales1.67x
Price to cash flow16.27x
Earnings yield-2.92%
P/B, 3-year average2.97x
P/E, 5-year average2.37x
P/B, 5-year average2.75x
Profitability
Operating margin (excl. other income)-5.37%
Operating margin (incl. other income)-4.03%
EBITDA margin1.37%
Pre-tax margin0.31%
Net profit margin-4.79%
Net margin, latest quarter0.38%
ROE-9.92%
ROCE-6.95%
ROA-6.67%
ROE, 3-year average-16.99%
ROCE, 3-year average-12.51%
ROA, 3-year average-11.60%
ROE, 5-year average4.02%
ROCE, 5-year average5.97%
ROA, 5-year average3.02%
ROIC (approx.)1.78%
Other income / net worth2.57%
Growth
Sales growth (latest year)-34.37%
Sales CAGR, 3 years-3.12%
Sales CAGR, 5 years4.94%
Sales growth QoQ31.98%
Profit growth QoQ100.00%
Sales growth YoY (latest quarter)59.02%
Per share
EPS (TTM)Rs -2.46
EPS (latest year)Rs -2.46
EPS (latest quarter)Rs 0.06
EPS, 3-year averageRs -5.26
EPS, 5-year averageRs 1.10
Book value per shareRs 23.60
Sales per shareRs 51.35
Cash flow per shareRs 5.17
Free cash flow per shareRs 5.11
Efficiency
Asset turnover1.40x
Fixed asset turnover17.05x
Inventory turnover7.64x
Inventory days48 days
Debtor days24 days
Debtors turnover15.38x
Creditor days72 days
Cash conversion cycle19 days
Working capital days-6 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 0 Cr
Net debtRs 0 Cr
Debt to equity0.08x
Net debt / EBITDA2.14x
Interest coverage1.56x
Owners' fund to total sources73.10%
Debt to assets5.74%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Cash from ops / profit, 5 years-2.91x
Sales to cash flow8.73x
Statement figures
Net sales (TTM)Rs 16 Cr
Net sales (latest year)Rs 14 Cr
Sales (latest quarter)Rs 5 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Net profit (TTM)Rs -1 Cr
Net profit (latest year)Rs -1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 11 Cr
Total expenditure (latest year)Rs 15 Cr
Total income (latest year)Rs 14 Cr
Share capitalRs 3 Cr
ReservesRs 4 Cr
Shareholders' fundsRs 7 Cr
Total assetsRs 10 Cr
Net blockRs 1 Cr
InvestmentsRs 4 Cr
ReceivablesRs 1 Cr
InventoryRs 1 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)0.31
Ownership
Promoter holding69.59% (-1.20 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 3.57 is at the 79th percentile (median 2.21).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 530853 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.2% | -2.8% | +3.0 pts |
| 1 month | -15.3% | -6.8% | -8.5 pts |
| 3 months | +16.9% | -7.6% | +24.5 pts |
| 3 years | +5.9% | +14.2% | -8.3 pts |
| 5 years | +46.2% | +27.9% | +18.3 pts |
Red flags
F-score 6 of 8| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹5 Cr +59.0% vs Jun 2025.
Net profit ₹0 Cr +102.7%.
Activity
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|---|---|---|---|
| Jyothy Labs Ltd | 6,766 | 23.8 | 28.7 % |
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| High Energy Batteries (India) Ltd | 520 | 38.0 | 20.4 % |
| Indo National Ltd | 246 | -5.47 % | |
| Panasonic Energy India Company Ltd | 180 | 26.1 | 9.48 % |
| Pee Cee Cosma Sope Ltd | 124 | 14.3 | 21.0 % |
| Yuvraaj Hygiene Products Ltd | 79 | 17.4 | 29.8 % |
| Ambica Agarbathies Aroma & Industries Ltd | 42 | 12.3 | 8.34 % |
| Photoquip India Ltd | 7 | 1.57 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Hipolin Ltd?
Hipolin Ltd (530853) has a market capitalisation of Rs 28.5 Cr. at the 2026-10-01 close.
What were Hipolin Ltd's latest quarterly results?
In the Jun 2026 quarter, Hipolin Ltd sales was Rs 5 Cr (+59.0% vs Jun 2025) and net profit was Rs 0 Cr.