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 | 41.37 | 55.37 | 59.74 | 42.95 | 43.37 | 57.73 | 59.26 | 40.74 | 35.83 | 60.90 | 63.45 | 46.68 |
| Expenses | 36.95 | 44.47 | 48.70 | 42.47 | 40.47 | 45.90 | 46.38 | 42.45 | 42.04 | 49.34 | 52.80 | 45.52 |
| Operating Profit | 4.42 | 10.90 | 11.04 | 0.48 | 2.90 | 11.83 | 12.88 | -1.71 | -6.21 | 11.56 | 10.65 | 1.16 |
| OPM % | 10.68% | 19.69% | 18.48% | 1.12% | 6.69% | 20.49% | 21.73% | -4.20% | -17.33% | 18.98% | 16.78% | 2.49% |
| Other Income | 1.78 | 2.88 | 3.55 | 5.18 | 4.95 | 3.08 | 2.69 | 3.23 | 1.97 | 0.91 | 4.21 | 3.27 |
| Interest | 0.61 | 0.60 | 0.56 | 0.54 | 0.52 | 0.59 | 0.58 | 0.61 | 0.83 | 0.71 | 0.98 | 0.64 |
| Depreciation | 3.57 | 3.65 | 3.68 | 3.50 | 3.84 | 4.05 | 4.25 | 4.38 | 4.85 | 4.89 | 5.28 | 4.57 |
| Profit before tax | 2.02 | 9.53 | 10.35 | 1.62 | 3.49 | 10.27 | 10.74 | -3.47 | -9.92 | 6.87 | 8.60 | -0.78 |
| 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 | 2.02 | 9.53 | 10.35 | 1.62 | 3.49 | 10.27 | 10.74 | -3.47 | -9.92 | 6.87 | 8.60 | -0.78 |
| EPS in Rs | 0.03 | 0.14 | 0.16 | 0.02 | 0.05 | 0.16 | 0.16 | -0.05 | -0.15 | 0.10 | 0.13 | -0.01 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 661 | 698 | 138 | 154 | 146 | 19 | 73 | 173 | 199 | 203 | 201 | 207 |
| Expenses | 508 | 523 | 150 | 238 | 183 | 72 | 94 | 157 | 168 | 175 | 187 | 190 |
| Operating Profit | 153 | 175 | -12 | -83 | -37 | -53 | -21 | 16 | 31 | 28 | 14 | 17 |
| OPM % | 23% | 25% | -9% | -54% | -25% | -280% | -28% | 9% | 15% | 14% | 7% | 8% |
| Other Income | -13 | 41 | 2 | -25 | 243 | 33 | -7 | 9 | 10 | 16 | 10 | 10 |
| Interest | 88 | 90 | 0 | 0 | 1 | 2 | 2 | 5 | 2 | 2 | 3 | 3 |
| Depreciation | 240 | 141 | 13 | 10 | 12 | 14 | 13 | 11 | 14 | 16 | 19 | 20 |
| Profit before tax | -187 | -15 | -23 | -119 | 194 | -36 | -43 | 9 | 24 | 26 | 2 | 5 |
| Tax % | -4% | 0% | 0% | 0% | 0% | 0% | 0% | 11% | 0% | 0% | 0% | |
| Net Profit | -180 | -15 | -23 | -119 | 194 | -36 | -43 | 8 | 24 | 26 | 2 | 5 |
| EPS in Rs | -3.86 | -0.33 | -0.37 | -1.89 | 3.07 | -0.57 | -0.64 | 0.12 | 0.36 | 0.40 | 0.03 | 0.07 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -11% | 60% | 5% | 3% | ||
| Compounded Profit Growth | -17% | 16% | -12% | -61% | ||
| Stock Price CAGR | -10% | -9% | -32% | -44% | ||
| Return on Equity | 2% | 1% | 4% | 1% |
| 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 | 93 | 93 | 93 | 126 | 126 | 126 | 126 | 132 | 132 | 132 | 132 | 132 |
| Reserves | 325 | 145 | 38 | 258 | 140 | 331 | 296 | 280 | 287 | 312 | 336 | 339 |
| Borrowings | 5,034 | 4,329 | 4,182 | 3,781 | 3,610 | 33 | 56 | 48 | 33 | 33 | 41 | 35 |
| Other Liabilities | 376 | 396 | 421 | 396 | 313 | 169 | 119 | 100 | 114 | 104 | 123 | 136 |
| Total Liabilities | 5,828 | 4,963 | 4,734 | 4,562 | 4,189 | 660 | 596 | 560 | 566 | 580 | 632 | 642 |
| Fixed Assets | 5,291 | 4,391 | 3,983 | 3,822 | 344 | 329 | 316 | 298 | 312 | 309 | 318 | 342 |
| CWIP | 17 | 38 | 12 | 5 | 1 | 1 | 0 | 0 | 5 | 1 | 10 | 6 |
| Investments | 90 | 90 | 90 | 90 | 0 | 0 | 0 | 40 | 0 | 0 | 0 | 0 |
| Other Assets | 430 | 443 | 649 | 644 | 3,844 | 330 | 280 | 222 | 249 | 269 | 304 | 295 |
| Total Assets | 5,828 | 4,963 | 4,734 | 4,562 | 4,189 | 660 | 596 | 560 | 566 | 580 | 632 | 642 |
| 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 | 231 | 174 | 220 | 192 | 209 | 139 | -29 | -49 | 35 | 24 | 34 | 36 |
| Cash from Investing Activity | -64 | 697 | 3 | 27 | 129 | 3,824 | 11 | 22 | 16 | -33 | 22 | -62 |
| Cash from Financing Activity | -169 | -852 | -233 | -214 | -327 | -3,976 | 4 | 26 | -41 | -2 | 1 | -14 |
| Net Cash Flow | -2 | 19 | -9 | 5 | 11 | -14 | -15 | -0 | 11 | -11 | 57 | -39 |
| Free Cash Flow | 149 | 164 | 232 | 203 | 346 | 107 | -22 | 37 | 44 | 51 | 23 | 5 |
| CFO/OP | 245% | 116% | 128% | -1,662% | -263% | -386% | 102% | 223% | 193% | 76% | 136% | 217% |
| 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 | 29 | 35 | 37 | 219 | 155 | 19 | 55 | 24 | 28 | 27 | 22 | 16 |
| Inventory Days | 320 | 260 | 201 | 1,076 | 334 | 165 | 184 | 202 | 222 | |||
| Days Payable | 395 | 396 | 1,838 | 8,774 | 3,031 | 1,944 | 1,887 | 2,327 | 2,746 | |||
| Cash Conversion Cycle | -46 | -102 | 37 | 219 | 155 | -1,619 | -7,643 | -2,673 | -1,751 | -1,676 | -2,102 | -2,507 |
| Working Capital Days | -131 | -156 | -169 | -1,993 | -6,978 | -110 | -33 | -11 | -70 | -48 | -67 | -56 |
| ROCE % | -2% | 2% | 2% | 0% | -2% | 8% | -9% | -7% | 3% | 6% | 6% | 2% |
| 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 | 49.58% | 49.58% | 47.03% | 45.36% | 41.99% | 39.86% | 39.07% | 39.07% | 39.07% | 39.07% | 39.07% | 39.07% |
| FIIs | 0.00% | 0.00% | 0.23% | 0.09% | 0.16% | 0.14% | 0.13% | 0.08% | 0.09% | 0.11% | 0.16% | 0.03% |
| DIIs | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.56% | 1.56% | 1.56% | 1.56% | 1.56% | 1.55% | 1.53% |
| Public | 48.86% | 48.87% | 51.19% | 53.00% | 56.32% | 58.44% | 59.22% | 59.28% | 59.27% | 59.25% | 59.22% | 59.38% |
| No. of Shareholders | 86,260 | 1,08,442 | 1,35,572 | 1,36,416 | 1,42,621 | 1,55,233 | 1,55,274 | 1,53,240 | 1,50,092 | 1,47,041 | 1,43,559 | 1,42,070 |
Fundamentals
Market Cap₹ 425 Cr.
Current Price₹ 6.39
Stock P/E54.4
Book Value₹ 7.14
ROCE1.60 %
ROE1.07 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)-61%
Standalone figures.
Valuation
Market capRs 416 Cr
Enterprise valueRs 317 Cr
P/E (TTM)87.21x
Price to book0.88x
Price to sales2.01x
EV / EBITDA11.50x
EV / EBIT39.92x
EV / sales1.53x
Price to cash flow11.40x
Earnings yield1.15%
P/E, 3-year average94.60x
P/B, 3-year average2.12x
P/E, 5-year average90.66x
P/B, 5-year average1.85x
Profitability
Operating margin (excl. other income)7.13%
Operating margin (incl. other income)12.25%
EBITDA margin13.30%
Pre-tax margin2.31%
Net profit margin2.31%
Net margin, latest quarter-1.67%
ROE0.44%
ROCE1.03%
ROA0.33%
ROE, 3-year average3.90%
ROCE, 3-year average4.14%
ROA, 3-year average2.93%
ROE, 5-year average0.67%
ROCE, 5-year average1.38%
ROA, 5-year average0.56%
ROIC (approx.)2.13%
Other income / net worth2.18%
Growth
Sales growth (latest year)-1.18%
Profit growth (latest year)-92.04%
Sales CAGR, 3 years5.14%
Sales CAGR, 5 years60.41%
Profit CAGR, 3 years-35.22%
Sales growth QoQ-26.43%
Profit growth QoQ-109.07%
Sales growth YoY (latest quarter)14.58%
Per share
EPS (TTM)Rs 0.07
EPS (latest year)Rs 0.03
EPS (latest quarter)Rs -0.01
EPS, 3-year averageRs 0.26
EPS, 5-year averageRs 0.05
Book value per shareRs 7.14
Sales per shareRs 3.14
Cash flow per shareRs 0.55
Free cash flow per shareRs 0.08
Efficiency
Asset turnover0.31x
Fixed asset turnover0.59x
Inventory turnover4.86x
Inventory days75 days
Debtor days16 days
Debtors turnover22.70x
Creditor days2746 days
Cash conversion cycle-2507 days
Working capital days-56 days
Leverage
Total debtRs 35 Cr
Cash and bankRs 135 Cr
Net debtRs -99 Cr
Debt to equity0.07x
Net debt / EBITDA-3.61x
Interest coverage2.51x
Current ratio (filing 2026-03-31)1.75x
Quick ratio (filing 2026-03-31)1.69x
Trade payables (filing 2026-03-31)Rs 104 Cr
Owners' fund to total sources73.32%
Debt to assets5.49%
Cash flow
Cash from Operating Activity (latest year)Rs 36 Cr
Cash from Investing Activity (latest year)Rs -62 Cr
Cash from Financing Activity (latest year)Rs -14 Cr
Net Cash Flow (latest year)Rs -39 Cr
Free cash flow (latest year)Rs 5 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Cash from ops / profit, 5 years4.71x
Sales to cash flow5.50x
Statement figures
Net sales (TTM)Rs 207 Cr
Net sales (latest year)Rs 201 Cr
Sales (latest quarter)Rs 47 Cr
Operating profit excl. other income (latest year)Rs 14 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 28 Cr
PBDT (TTM)Rs 24 Cr
Profit before tax (TTM)Rs 5 Cr
Net profit (TTM)Rs 5 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 20 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 41 Cr
Total expenditure (latest year)Rs 187 Cr
Total income (latest year)Rs 211 Cr
Share capitalRs 132 Cr
ReservesRs 339 Cr
Shareholders' fundsRs 471 Cr
Total assetsRs 642 Cr
Net blockRs 342 Cr
Capital work in progressRs 6 Cr
ReceivablesRs 9 Cr
InventoryRs 8 Cr
Other liabilitiesRs 136 Cr
Shares outstanding (crore)65.93
Ownership
Promoter holding39.07% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 87.2 is at the 60th percentile of its own 4.4-year range
(median 58.2, low 1.6, high 295.6).
P/B 0.88 is at the 12th percentile (median 1.73).
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 | HLVLTD | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.9% | -2.8% | -0.1 pts |
| 1 month | -0.5% | -6.8% | +6.3 pts |
| 3 months | -17.9% | -7.6% | -10.3 pts |
| 6 months | +10.3% | +0.4% | +9.9 pts |
| 1 year | -46.9% | -9.9% | -37.0 pts |
| 2 years | -65.8% | -13.6% | -52.2 pts |
| 3 years | -69.1% | +14.2% | -83.2 pts |
| 5 years | -43.7% | +27.9% | -71.6 pts |
Red flags
F-score 5 of 8| look | Profit leans on other income Other income was 495% of pre-tax profit in 2026 |
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 ₹47 Cr +14.6% vs Jun 2025.
Net loss ₹1 Cr.
Against our estimate for Jun 2026: sales +7.8%, profit -230.4% in line. Our estimate for Sep 2026: sales Rs 40 Cr, profit Rs 2 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Indian Hotels Co Ltd | 101,683 | 52.3 | 17.1 % |
| ITC Hotels Ltd | 33,439 | 36.3 | 11.2 % |
| EIH Ltd | 18,877 | 26.0 | 20.7 % |
| Chalet Hotels Ltd | 18,412 | 34.4 | 17.0 % |
| Leela Palaces Hotels & Resorts Ltd | 17,820 | 39.7 | 8.73 % |
| Ventive Hospitality Ltd | 13,075 | 27.0 | 10.8 % |
| Lemon Tree Hotels Ltd | 8,253 | 32.2 | 14.1 % |
| India Tourism Development Corporation Ltd | 5,636 | 68.1 | 29.9 % |
| Juniper Hotels Ltd | 4,760 | 25.7 | 8.04 % |
| Mahindra Holidays & Resorts India Ltd | 3,933 | 84.1 | 8.12 % |
| Samhi Hotels Ltd | 3,321 | 7.90 | 8.90 % |
| Oriental Hotels Ltd | 2,489 | 37.1 | 12.1 % |
| Apeejay Surrendra Park Hotels Ltd | 2,184 | 33.9 | 9.43 % |
| Brigade Hotel Ventures Ltd | 2,129 | 31.2 | 12.8 % |
| TajGVK Hotels & Resorts Ltd | 1,989 | 13.8 | 13.3 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-19 | Annual General Meeting | |
| 2023-07-28 | Annual General Meeting | |
| 2022-08-18 | Annual General Meeting | |
| 2021-08-11 | Annual General Meeting | |
| 2020-09-16 | Annual General Meeting |
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.
Scrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of HLV Ltd?
HLV Ltd (HLVLTD) has a market capitalisation of Rs 425 Cr. at the 2026-10-01 close.
What is the P/E ratio of HLV Ltd?
HLV Ltd trades at a P/E of 54.4 on trailing twelve-month profit, at the 2026-10-01 close.
What were HLV Ltd's latest quarterly results?
In the Jun 2026 quarter, HLV Ltd sales was Rs 47 Cr (+14.6% vs Jun 2025) with a net loss of Rs 1 Cr.
What is the 52-week high and low of HLV Ltd?
The 52-week high is Rs 11.94 and the 52-week low is Rs 5.60.