Price
Financials
Standalone, Rs crore| Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 635 | 594 | 1,003 | 979 | 1,413 |
| Expenses | 623 | 584 | 986 | 963 | 1,387 |
| Operating Profit | 12 | 9 | 17 | 16 | 25 |
| OPM % | 1.9% | 1.6% | 1.7% | 1.6% | 1.8% |
| Other Income | 1 | 1 | 1 | 1 | 6 |
| Interest | 4 | 3 | 8 | 6 | 7 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 8 | 7 | 10 | 11 | 24 |
| Tax % | 35% | 25% | 27% | 27% | 25% |
| Net Profit | 5 | 5 | 7 | 8 | 18 |
| EPS in Rs | 6.23 | 5.99 | 6.16 | 6.58 | 14.81 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 254 | 236 | 292 | 637 | 1,079 | 1,596 | 2,392 |
| Expenses | 253 | 232 | 287 | 625 | 1,060 | 1,570 | 2,351 |
| Operating Profit | 1 | 3 | 5 | 12 | 19 | 26 | 41 |
| OPM % | 0.3% | 1.4% | 1.6% | 1.9% | 1.7% | 1.6% | 1.7% |
| Other Income | 2 | 0 | 1 | 1 | 1 | 2 | 7 |
| Interest | 1 | 2 | 3 | 5 | 8 | 11 | 14 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 2 | 3 | 8 | 12 | 17 | 34 |
| Tax % | 24% | 29% | 25% | 25% | 26% | 26% | 26% |
| Net Profit | 1 | 2 | 2 | 6 | 9 | 13 | 25 |
| EPS in Rs | 2.57 | 3.05 | 3.65 | 10.89 | 9.82 | 10.56 | 21.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 59% | 55% | 50% | ||
| Compounded Profit Growth | % | 77% | 60% | 103% | ||
| Stock Price CAGR | % | % | % | 61% | ||
| Return on Equity | % | 28% | 28% | 29% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 6 | 6 | 9 | 12 | 12 |
| Reserves | 5 | 6 | 10 | 15 | 20 | 64 | 89 |
| Borrowings | 23 | 26 | 24 | 59 | 100 | 133 | 172 |
| Other Liabilities | 1 | 2 | 6 | 14 | 145 | 60 | 81 |
| Total Liabilities | 34 | 40 | 46 | 94 | 274 | 268 | 354 |
| Fixed Assets | 2 | 2 | 2 | 1 | 2 | 2 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 2 | 4 | 9 | 23 | 11 | 11 |
| Other Assets | 29 | 36 | 40 | 83 | 249 | 256 | 341 |
| Total Assets | 34 | 40 | 46 | 94 | 274 | 268 | 354 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | -5 | 7 | -26 | -51 | 15 | |
| Cash from Investing Activity | 0 | -2 | -5 | -13 | -3 | -7 | |
| Cash from Financing Activity | 2 | -2 | 30 | 33 | 58 | 29 | |
| Net Cash Flow | 4 | -8 | 32 | -6 | 5 | 37 | |
| Free Cash Flow | 2 | -5 | 7 | -27 | -51 | 15 | |
| CFO/OP | 69% | -82% | 75% | -126% | -177% | 55% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 18 | 22 | 29 | 13 | 18 | 16 | 11 |
| Inventory Days | 12 | 14 | 16 | 13 | 42 | 20 | 22 |
| Days Payable | -4 | 0 | 6 | 6 | 49 | 13 | 12 |
| Cash Conversion Cycle | 33 | 36 | 39 | 20 | 11 | 22 | 21 |
| Working Capital Days | -3 | -7 | 7 | -15 | -9 | 6 | 2 |
| ROCE % | 10% | 13% | 22% | 19% | 16% | 20% |
| Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|
| Promoters | 73.40% | 73.40% | 73.40% |
| DIIs | 0.00% | 0.60% | 0.45% |
| Public | 26.60% | 26.00% | 26.15% |
| No. of Shareholders | 597 | 428 | 418 |
Fundamentals
Market Cap₹ 528 Cr.
Current Price₹ 443
Stock P/E20.7
Book Value₹ 84.7
ROCE19.9 %
ROE28.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)50%
Compounded Profit Growth (TTM)103%
Standalone figures.
Valuation
Market capRs 514 Cr
Enterprise valueRs 537 Cr
P/E (TTM)80.87x
Price to book25.04x
Price to sales0.81x
EV / EBITDA40.08x
EV / EBIT40.23x
EV / sales0.84x
Price to cash flow70.83x
Earnings yield1.24%
Profitability
Operating margin (excl. other income)1.95%
Operating margin (incl. other income)2.10%
EBITDA margin2.10%
Pre-tax margin1.33%
Net profit margin1.00%
ROE35.31%
ROCE22.28%
ROA9.10%
ROE, 3-year average21.82%
ROCE, 3-year average15.49%
ROA, 3-year average6.06%
ROIC (approx.)22.91%
Tax rate25.03%
Other income / net worth4.68%
Growth
Sales growth (latest year)118.50%
Profit growth (latest year)198.12%
Sales CAGR, 3 years35.98%
Profit CAGR, 3 years70.55%
Per share
EPS (TTM)Rs 5.33
EPS (latest year)Rs 10.89
EPS, 3-year averageRs 5.72
Book value per shareRs 17.21
Sales per shareRs 535.05
Cash flow per shareRs 6.08
Free cash flow per shareRs 12.59
Efficiency
Asset turnover6.81x
Fixed asset turnover505.94x
Inventory turnover27.78x
Inventory days13 days
Debtor days13 days
Debtors turnover27.38x
Creditor days12 days
Cash conversion cycle21 days
Working capital days2 days
Leverage
Total debtRs 59 Cr
Cash and bankRs 36 Cr
Net debtRs 23 Cr
Debt to equity2.89x
Net debt / EBITDA1.73x
Interest coverage2.74x
Owners' fund to total sources21.92%
Debt to assets63.38%
Cash flow
Cash from Operating Activity (latest year)Rs 7 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs 30 Cr
Net Cash Flow (latest year)Rs 32 Cr
Free cash flow (latest year)Rs 15 Cr
FCFE (approx.: FCF + change in debt)Rs 50 Cr
Cash from ops / profit, 5 years-1.09x
Sales to cash flow87.93x
Statement figures
Net sales (TTM)Rs 637 Cr
Net sales (latest year)Rs 637 Cr
Operating profit excl. other income (latest year)Rs 12 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 13 Cr
PBDT (TTM)Rs 9 Cr
Profit before tax (TTM)Rs 8 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 6 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 622 Cr
Total expenditure (latest year)Rs 625 Cr
Total income (latest year)Rs 638 Cr
Share capitalRs 6 Cr
ReservesRs 15 Cr
Shareholders' fundsRs 21 Cr
Total assetsRs 94 Cr
Net blockRs 1 Cr
InvestmentsRs 9 Cr
ReceivablesRs 23 Cr
InventoryRs 22 Cr
Other liabilitiesRs 14 Cr
Shares outstanding (crore)1.19
Ownership
Promoter holding73.40%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | HPTL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.0% | -2.8% | -5.2 pts |
| 1 month | +36.8% | -6.8% | +43.6 pts |
| 3 months | +68.0% | -7.6% | +75.6 pts |
| 6 months | +52.4% | +0.4% | +51.9 pts |
| 1 year | +159.5% | -9.9% | +169.4 pts |
Red flags
F-score 7 of 8| explain | Weak cash conversion Cash from operations was 45% of net profit over the last 3 years |
| look | On NSE surveillance On NSE surveillance: ESM |
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
Mar 2026Sales ₹1,413 Cr +122.5% vs Mar 2024.
Net profit ₹18 Cr +260.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Redington Ltd | 31,697 | 17.6 | 18.4 % |
| MMTC Ltd | 8,514 | 42.3 | 8.67 % |
| MSTC Ltd | 5,028 | 21.5 | 30.3 % |
| BN Agrochem Ltd | 1,898 | 111 | 4.44 % |
| Creative Newtech Ltd | 1,646 | 22.3 | 18.8 % |
| Pervasive Commodities Ltd | 1,049 | 22.1 % | |
| RRP Defense Ltd | 843 | -11.1 % | |
| Yamuna Syndicate Ltd | 784 | 8.56 | 4.17 % |
| Shiv Aum Steels Ltd | 742 | 77.9 | 8.20 % |
| State Trading Corporation of India Ltd | 644 | 13.3 | % |
| Arvaya Healthcare Ltd | 600 | 451 | % |
| SMT Engineering Ltd | 596 | 24.3 | 25.4 % |
| Riddhi Siddhi Gluco Biols Ltd | 527 | 37.2 | 2.74 % |
| Oswal Agro Mills Ltd | 474 | 2.03 % | |
| Filtron Engineers Ltd | 457 | 79.4 | 9.87 % |
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.
ESM: stage 1Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded