HLV Ltd.

•

₹ 6.58-0.15%

2026-08-21

hlvltd.comBSE: 500193NSE: HLVLTD

Market Cap₹ 438 Cr.

Current Price₹ 7

High / Low₹ 13 / 6

Stock P/E2.3

Book Value—

Price to Book—

Dividend Yield0.00 %

ROCE8.9 %

ROE53.6 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

PROS

Company is almost debt free
Operating margins have improved to 125.9% from 31.0%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 10.47x)
Company comfortably covers its interest (214.1x coverage)
Company generates healthy free cash flow

CONS

A large part of profit comes from other income (113.8% of PBT)
Company has a low return on capital employed of 1.8%
Company has a low return on equity of 2.7% over last 3 years
Company's sales have been declining over the last five years
Contingent liabilities are large at 200.7% of net worth
Equity base is being diluted - shares outstanding up 35.1%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Consumer ServicesHospitalityHotel, Resort & Restaurants

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	INDHOTEL	724.00	48.02	103056.49	0.45	390.81	18.67	2339.19	14.61	25.70	28.75
2.	ITCHOTELS	163.55	39.43	34067.08	0.61	181.91	36.05	936.02	15.71	10.54	31.62
3.	EIHOTEL	297.55	26.15	18607.71	0.50	120.31	226.22	656.96	14.54	19.68	26.02
4.	CHALET	848.25	35.17	18576.18	0.24	86.12	-57.60	512.27	-42.73	11.41	45.68
5.	THELEELA	532.65	40.14	17788.27	0.00	48.76	460.27	351.96	28.08	8.97	36.30
6.	VENTIVE	588.30	28.66	13739.25	0.00	124.18	227.44	542.80	6.97	13.15	35.30
7.	LEMONTREE	108.10	36.47	8564.18	0.00	57.34	19.21	344.61	9.13	17.75	43.36
8.	ITDC	683.05	71.14	5858.48	0.43	9.39	-3.63	90.10	2.68	29.74	9.25
9.	MHRIL	219.60	83.76	4437.15	0.00	-8.56	-219.39	732.81	4.48	42.30	15.36
10.	JUNIPER	197.90	26.55	4403.32	0.00	332.60	3594.73	2495.32	1030.42	7.85	34.56
11.	SAMHI	159.50	7.04	3546.64	0.00	24.93	29.72	305.21	12.12	12.38	32.18
12.	HLVLTD	6.65	2.26	438.41	0.00	-168.70	—	375.40	—	1.08	-37.21

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020
	375
	565
Operating Profit	—
OPM %	—
Other Income	14
Interest	8
Depreciation	42
	-162
Tax %	-0.00%
Net Profit	-169
	-0
Equity Capital	1,261
Reserves	0
Promoter Pledge %	0.00%
Equity Capital	1,261
Reserves	0
Promoter Pledge %	0.00%

Mar 2020

: 375
: 565
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 8
Depreciation: 42
: -162
Tax %: -0.00%
Net Profit: -169
: -0
Equity Capital: 1,261
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 1,261
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
	464	572	645	718	755	730	698	138	154	146
	334	554	532	573	611	556	523	720	238	183
Operating Profit	155	35	119	195	151	363	216	23	-79	183
OPM %	33	6	19	27	20	50	31	17	-51	126
Other Income	25	18	7	50	7	190	41	605	4	220
Interest	54	321	405	502	198	88	90	0	0	1
Depreciation	63	102	139	181	240	249	141	13	10	12
	38	-388	-421	-487	-470	-187	-15	-23	-119	194
Tax %	49	-1	-3	9	12	4	-0	0	0	0
Net Profit	19	-393	-433	-442	-416	-180	-15	-23	-119	194
EPS	0	0	0	0	0	0	0	0	0	0
Dividend Payout %	30	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	-10	-10	-10	-9	-4	-0	-0	-2	3
Minority Interest	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	-10	-10	-10	-9	-4	-0	-0	-2	3

Mar 2011

: 464
: 334
Operating Profit: 155
OPM %: 33
Other Income: 25
Interest: 54
Depreciation: 63
: 38
Tax %: 49
Net Profit: 19
EPS: 0
Dividend Payout %: 30
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2012

: 572
: 554
Operating Profit: 35
OPM %: 6
Other Income: 18
Interest: 321
Depreciation: 102
: -388
Tax %: -1
Net Profit: -393
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -10

Mar 2013

: 645
: 532
Operating Profit: 119
OPM %: 19
Other Income: 7
Interest: 405
Depreciation: 139
: -421
Tax %: -3
Net Profit: -433
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -10

Mar 2014

: 718
: 573
Operating Profit: 195
OPM %: 27
Other Income: 50
Interest: 502
Depreciation: 181
: -487
Tax %: 9
Net Profit: -442
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -10

Mar 2015

: 755
: 611
Operating Profit: 151
OPM %: 20
Other Income: 7
Interest: 198
Depreciation: 240
: -470
Tax %: 12
Net Profit: -416
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -9

Mar 2016

: 730
: 556
Operating Profit: 363
OPM %: 50
Other Income: 190
Interest: 88
Depreciation: 249
: -187
Tax %: 4
Net Profit: -180
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -4

Mar 2017

: 698
: 523
Operating Profit: 216
OPM %: 31
Other Income: 41
Interest: 90
Depreciation: 141
: -15
Tax %: -0
Net Profit: -15
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2018

: 138
: 720
Operating Profit: 23
OPM %: 17
Other Income: 605
Interest: 0
Depreciation: 13
: -23
Tax %: 0
Net Profit: -23
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2019

: 154
: 238
Operating Profit: -79
OPM %: -51
Other Income: 4
Interest: 0
Depreciation: 10
: -119
Tax %: 0
Net Profit: -119
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -2

Mar 2020

: 146
: 183
Operating Profit: 183
OPM %: 126
Other Income: 220
Interest: 1
Depreciation: 12
: 194
Tax %: 0
Net Profit: 194
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: -28%
3 Years:: -41%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: -3%
3 Years:: -21%
1 Year:: -45%

RETURN ON EQUITY

10 Years:: -30%
5 Years:: 2%
3 Years:: 3%
Last Year:: 54%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	78	78	84	90	93	93	93	126	126	126
	2,025	1,513	1,139	745	325	144	38	258	139	331
	32	88	334	522	1	0	247	708	2,900	29
Trade Payables	26	33	45	64	65	67	83	96	63	61
	4,137	4,539	4,750	4,863	5,344	4,658	4,278	3,376	960	112
Total Liabilities	6,298	6,250	6,351	6,285	5,828	4,963	4,739	4,564	4,189	660
ASSETS	-	-	-	-	-	-	-	-	-	-
	4,154	4,572	5,700	5,634	5,380	4,480	3,996	3,836	270	285
Capital Work in Progress	1,552	1,104	166	159	18	38	13	5	1	1
	0	100	0	0	0	0	77	75	73	44
	54	60	71	64	53	44	30	32	8	7
	0	0	0	0	0	0	0	0	0	0
Cash & Bank	57	18	36	28	26	45	46	22	29	18
	480	396	378	400	352	355	578	593	3,807	305
Total Assets	6,298	6,250	6,351	6,285	5,828	4,963	4,739	4,564	4,189	660
Total Debt	3,803	4,176	4,659	4,905	5,034	4,329	4,182	3,781	3,610	33
Net Working Capital	-243	-636	-2,033	-2,523	-203	-237	-454	-884	-3,080	-58
Contingent Liabilities	130	105	111	89	467	257	620	604	1,129	918
Book Value per Share	22.94	20.99	10.36	0.55	-7.99	-5.67	2.81	6.09	4.21	7.25
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Total Debt	3,803	4,176	4,659	4,905	5,034	4,329	4,182	3,781	3,610	33
Net Working Capital	-243	-636	-2,033	-2,523	-203	-237	-454	-884	-3,080	-58
Contingent Liabilities	130	105	111	89	467	257	620	604	1,129	918
Book Value per Share	22.94	20.99	10.36	0.55	-7.99	-5.67	2.81	6.09	4.21	7.25
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Mar 2011

Equity Capital: 78
: 2,025
: 32
Trade Payables: 26
: 4,137
Total Liabilities: 6,298
: 4,154
Capital Work in Progress: 1,552
: 0
: 54
: 0
Cash & Bank: 57
: 480
Total Assets: 6,298
Total Debt: 3,803
Net Working Capital: -243
Contingent Liabilities: 130
Book Value per Share: 22.94
Face Value: 2.00
Total Debt: 3,803
Net Working Capital: -243
Contingent Liabilities: 130
Book Value per Share: 22.94
Face Value: 2.00

Mar 2012

Equity Capital: 78
: 1,513
: 88
Trade Payables: 33
: 4,539
Total Liabilities: 6,250
: 4,572
Capital Work in Progress: 1,104
: 100
: 60
: 0
Cash & Bank: 18
: 396
Total Assets: 6,250
Total Debt: 4,176
Net Working Capital: -636
Contingent Liabilities: 105
Book Value per Share: 20.99
Face Value: 2.00
Total Debt: 4,176
Net Working Capital: -636
Contingent Liabilities: 105
Book Value per Share: 20.99
Face Value: 2.00

Mar 2013

Equity Capital: 84
: 1,139
: 334
Trade Payables: 45
: 4,750
Total Liabilities: 6,351
: 5,700
Capital Work in Progress: 166
: 0
: 71
: 0
Cash & Bank: 36
: 378
Total Assets: 6,351
Total Debt: 4,659
Net Working Capital: -2,033
Contingent Liabilities: 111
Book Value per Share: 10.36
Face Value: 2.00
Total Debt: 4,659
Net Working Capital: -2,033
Contingent Liabilities: 111
Book Value per Share: 10.36
Face Value: 2.00

Mar 2014

Equity Capital: 90
: 745
: 522
Trade Payables: 64
: 4,863
Total Liabilities: 6,285
: 5,634
Capital Work in Progress: 159
: 0
: 64
: 0
Cash & Bank: 28
: 400
Total Assets: 6,285
Total Debt: 4,905
Net Working Capital: -2,523
Contingent Liabilities: 89
Book Value per Share: 0.55
Face Value: 2.00
Total Debt: 4,905
Net Working Capital: -2,523
Contingent Liabilities: 89
Book Value per Share: 0.55
Face Value: 2.00

Mar 2015

Equity Capital: 93
: 325
: 1
Trade Payables: 65
: 5,344
Total Liabilities: 5,828
: 5,380
Capital Work in Progress: 18
: 0
: 53
: 0
Cash & Bank: 26
: 352
Total Assets: 5,828
Total Debt: 5,034
Net Working Capital: -203
Contingent Liabilities: 467
Book Value per Share: -7.99
Face Value: 2.00
Total Debt: 5,034
Net Working Capital: -203
Contingent Liabilities: 467
Book Value per Share: -7.99
Face Value: 2.00

Mar 2016

Equity Capital: 93
: 144
: 0
Trade Payables: 67
: 4,658
Total Liabilities: 4,963
: 4,480
Capital Work in Progress: 38
: 0
: 44
: 0
Cash & Bank: 45
: 355
Total Assets: 4,963
Total Debt: 4,329
Net Working Capital: -237
Contingent Liabilities: 257
Book Value per Share: -5.67
Face Value: 2.00
Total Debt: 4,329
Net Working Capital: -237
Contingent Liabilities: 257
Book Value per Share: -5.67
Face Value: 2.00

Mar 2017

Equity Capital: 93
: 38
: 247
Trade Payables: 83
: 4,278
Total Liabilities: 4,739
: 3,996
Capital Work in Progress: 13
: 77
: 30
: 0
Cash & Bank: 46
: 578
Total Assets: 4,739
Total Debt: 4,182
Net Working Capital: -454
Contingent Liabilities: 620
Book Value per Share: 2.81
Face Value: 2.00
Total Debt: 4,182
Net Working Capital: -454
Contingent Liabilities: 620
Book Value per Share: 2.81
Face Value: 2.00

Mar 2018

Equity Capital: 126
: 258
: 708
Trade Payables: 96
: 3,376
Total Liabilities: 4,564
: 3,836
Capital Work in Progress: 5
: 75
: 32
: 0
Cash & Bank: 22
: 593
Total Assets: 4,564
Total Debt: 3,781
Net Working Capital: -884
Contingent Liabilities: 604
Book Value per Share: 6.09
Face Value: 2.00
Total Debt: 3,781
Net Working Capital: -884
Contingent Liabilities: 604
Book Value per Share: 6.09
Face Value: 2.00

Mar 2019

Equity Capital: 126
: 139
: 2,900
Trade Payables: 63
: 960
Total Liabilities: 4,189
: 270
Capital Work in Progress: 1
: 73
: 8
: 0
Cash & Bank: 29
: 3,807
Total Assets: 4,189
Total Debt: 3,610
Net Working Capital: -3,080
Contingent Liabilities: 1,129
Book Value per Share: 4.21
Face Value: 2.00
Total Debt: 3,610
Net Working Capital: -3,080
Contingent Liabilities: 1,129
Book Value per Share: 4.21
Face Value: 2.00

Mar 2020

Equity Capital: 126
: 331
: 29
Trade Payables: 61
: 112
Total Liabilities: 660
: 285
Capital Work in Progress: 1
: 44
: 7
: 0
Cash & Bank: 18
: 305
Total Assets: 660
Total Debt: 33
Net Working Capital: -58
Contingent Liabilities: 918
Book Value per Share: 7.25
Face Value: 2.00
Total Debt: 33
Net Working Capital: -58
Contingent Liabilities: 918
Book Value per Share: 7.25
Face Value: 2.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
	69	250	153	177	231	174	220	192	209	139
Cash from Investing	-876	-307	-52	-14	-64	697	3	27	129	3,824
Cash from Financing	849	17	-83	-171	-169	-852	-233	-214	-327	-3,976
	43	-40	18	-8	-2	20	-9	5	11	-14
Free Cash Flow	69	233	-155	121	231	174	220	192	209	116
OCF / Net Profit	3.59	-0.64	-0.35	-0.40	-0.56	-0.97	-14.26	-8.27	-1.76	0.72
Cumulative 5-Year FCF	0	0	0	0	0	605	592	939	1,027	912
OCF / Net Profit	3.59	-0.64	-0.35	-0.40	-0.56	-0.97	-14.26	-8.27	-1.76	0.72
Cumulative 5-Year FCF	0	0	0	0	0	605	592	939	1,027	912

Mar 2011

: 69
Cash from Investing: -876
Cash from Financing: 849
: 43
Free Cash Flow: 69
OCF / Net Profit: 3.59
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.59
Cumulative 5-Year FCF: 0

Mar 2012

: 250
Cash from Investing: -307
Cash from Financing: 17
: -40
Free Cash Flow: 233
OCF / Net Profit: -0.64
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.64
Cumulative 5-Year FCF: 0

Mar 2013

: 153
Cash from Investing: -52
Cash from Financing: -83
: 18
Free Cash Flow: -155
OCF / Net Profit: -0.35
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.35
Cumulative 5-Year FCF: 0

Mar 2014

: 177
Cash from Investing: -14
Cash from Financing: -171
: -8
Free Cash Flow: 121
OCF / Net Profit: -0.40
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.40
Cumulative 5-Year FCF: 0

Mar 2015

: 231
Cash from Investing: -64
Cash from Financing: -169
: -2
Free Cash Flow: 231
OCF / Net Profit: -0.56
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.56
Cumulative 5-Year FCF: 0

Mar 2016

: 174
Cash from Investing: 697
Cash from Financing: -852
: 20
Free Cash Flow: 174
OCF / Net Profit: -0.97
Cumulative 5-Year FCF: 605
OCF / Net Profit: -0.97
Cumulative 5-Year FCF: 605

Mar 2017

: 220
Cash from Investing: 3
Cash from Financing: -233
: -9
Free Cash Flow: 220
OCF / Net Profit: -14.26
Cumulative 5-Year FCF: 592
OCF / Net Profit: -14.26
Cumulative 5-Year FCF: 592

Mar 2018

: 192
Cash from Investing: 27
Cash from Financing: -214
: 5
Free Cash Flow: 192
OCF / Net Profit: -8.27
Cumulative 5-Year FCF: 939
OCF / Net Profit: -8.27
Cumulative 5-Year FCF: 939

Mar 2019

: 209
Cash from Investing: 129
Cash from Financing: -327
: 11
Free Cash Flow: 209
OCF / Net Profit: -1.76
Cumulative 5-Year FCF: 1,027
OCF / Net Profit: -1.76
Cumulative 5-Year FCF: 1,027

Mar 2020

: 139
Cash from Investing: 3,824
Cash from Financing: -3,976
: -14
Free Cash Flow: 116
OCF / Net Profit: 0.72
Cumulative 5-Year FCF: 912
OCF / Net Profit: 0.72
Cumulative 5-Year FCF: 912

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	0.50	-10.13	-10.35	-9.78	-8.91	-3.86	-0.33	-0.37	-1.89	3.07
Book Value (₹)	22.94	20.99	10.36	0.55	-7.99	-5.67	2.81	6.09	4.21	7.25
Dividend per Share (₹)	0.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	2.12	-7.50	-7.04	-5.78	-3.77	1.48	2.69	-0.16	-1.73	3.26
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	33.33%	6.15%	18.51%	27.13%	19.98%	49.81%	30.96%	16.77%	-51.38%	125.94%
Net Margin %	4.15%	-68.73%	-67.24%	-61.45%	-55.08%	-24.69%	-2.21%	-16.84%	-77.05%	132.97%
ROE %	2.25%	-46.15%	-69.49%	-192.62%	0.00%	0.00%	0.00%	-9.01%	-36.61%	53.60%
ROCE %	2.18%	-1.39%	-0.32%	0.28%	-5.66%	-2.27%	1.79%	-0.54%	-2.95%	8.91%
	0.33%	-6.26%	-6.88%	-6.99%	-6.87%	-3.34%	-0.32%	-0.50%	-2.72%	7.99%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	33	32	32	33	30	29	35	204	175	91
Inventory Days	38	36	37	34	28	24	19	83	47	18
Payable Days	418	164	253	322	352	364	443	2745	2185	1864
	-346	-96	-184	-255	-294	-311	-388	-2458	-1963	-1755
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	4.28x	5.13x	10.74x	198.32x	-13.50x	-16.35x	31.94x	9.84x	13.60x	0.07x
Interest Coverage (x)	1.70x	-0.21x	-0.04x	0.03x	-1.38x	-1.13x	0.83x	-181.81x	-298.87x	214.06x
	0.48x	0.31x	0.10x	0.07x	0.44x	0.45x	0.28x	0.17x	0.04x	0.65x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	3.31%	23.23%	12.74%	11.44%	5.08%	-3.35%	-4.34%	-80.25%	11.98%	-5.62%
Operating Profit Growth %	-1.78%	-77.26%	239.34%	63.33%	-22.62%	140.98%	-40.53%	-89.31%	-443.16%	331.36%
Net Profit Growth %	-57.19%	-2138.72%	-10.29%	-1.85%	5.81%	56.67%	91.42%	-50.19%	-412.26%	262.88%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x

Mar 2011

EPS (₹): 0.50
Book Value (₹): 22.94
Dividend per Share (₹): 0.15
Cash EPS (₹): 2.12
Operating Margin %: 33.33%
Net Margin %: 4.15%
ROE %: 2.25%
ROCE %: 2.18%
: 0.33%
Debtor Days: 33
Inventory Days: 38
Payable Days: 418
: -346
Debt to Equity (x): 4.28x
Interest Coverage (x): 1.70x
: 0.48x
Revenue Growth %: 3.31%
Operating Profit Growth %: -1.78%
Net Profit Growth %: -57.19%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2012

EPS (₹): -10.13
Book Value (₹): 20.99
Dividend per Share (₹): 0.00
Cash EPS (₹): -7.50
Operating Margin %: 6.15%
Net Margin %: -68.73%
ROE %: -46.15%
ROCE %: -1.39%
: -6.26%
Debtor Days: 32
Inventory Days: 36
Payable Days: 164
: -96
Debt to Equity (x): 5.13x
Interest Coverage (x): -0.21x
: 0.31x
Revenue Growth %: 23.23%
Operating Profit Growth %: -77.26%
Net Profit Growth %: -2138.72%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2013

EPS (₹): -10.35
Book Value (₹): 10.36
Dividend per Share (₹): 0.00
Cash EPS (₹): -7.04
Operating Margin %: 18.51%
Net Margin %: -67.24%
ROE %: -69.49%
ROCE %: -0.32%
: -6.88%
Debtor Days: 32
Inventory Days: 37
Payable Days: 253
: -184
Debt to Equity (x): 10.74x
Interest Coverage (x): -0.04x
: 0.10x
Revenue Growth %: 12.74%
Operating Profit Growth %: 239.34%
Net Profit Growth %: -10.29%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2014

EPS (₹): -9.78
Book Value (₹): 0.55
Dividend per Share (₹): 0.00
Cash EPS (₹): -5.78
Operating Margin %: 27.13%
Net Margin %: -61.45%
ROE %: -192.62%
ROCE %: 0.28%
: -6.99%
Debtor Days: 33
Inventory Days: 34
Payable Days: 322
: -255
Debt to Equity (x): 198.32x
Interest Coverage (x): 0.03x
: 0.07x
Revenue Growth %: 11.44%
Operating Profit Growth %: 63.33%
Net Profit Growth %: -1.85%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2015

EPS (₹): -8.91
Book Value (₹): -7.99
Dividend per Share (₹): 0.00
Cash EPS (₹): -3.77
Operating Margin %: 19.98%
Net Margin %: -55.08%
ROE %: 0.00%
ROCE %: -5.66%
: -6.87%
Debtor Days: 30
Inventory Days: 28
Payable Days: 352
: -294
Debt to Equity (x): -13.50x
Interest Coverage (x): -1.38x
: 0.44x
Revenue Growth %: 5.08%
Operating Profit Growth %: -22.62%
Net Profit Growth %: 5.81%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2016

EPS (₹): -3.86
Book Value (₹): -5.67
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.48
Operating Margin %: 49.81%
Net Margin %: -24.69%
ROE %: 0.00%
ROCE %: -2.27%
: -3.34%
Debtor Days: 29
Inventory Days: 24
Payable Days: 364
: -311
Debt to Equity (x): -16.35x
Interest Coverage (x): -1.13x
: 0.45x
Revenue Growth %: -3.35%
Operating Profit Growth %: 140.98%
Net Profit Growth %: 56.67%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): -0.33
Book Value (₹): 2.81
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.69
Operating Margin %: 30.96%
Net Margin %: -2.21%
ROE %: 0.00%
ROCE %: 1.79%
: -0.32%
Debtor Days: 35
Inventory Days: 19
Payable Days: 443
: -388
Debt to Equity (x): 31.94x
Interest Coverage (x): 0.83x
: 0.28x
Revenue Growth %: -4.34%
Operating Profit Growth %: -40.53%
Net Profit Growth %: 91.42%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): -0.37
Book Value (₹): 6.09
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.16
Operating Margin %: 16.77%
Net Margin %: -16.84%
ROE %: -9.01%
ROCE %: -0.54%
: -0.50%
Debtor Days: 204
Inventory Days: 83
Payable Days: 2745
: -2458
Debt to Equity (x): 9.84x
Interest Coverage (x): -181.81x
: 0.17x
Revenue Growth %: -80.25%
Operating Profit Growth %: -89.31%
Net Profit Growth %: -50.19%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): -1.89
Book Value (₹): 4.21
Dividend per Share (₹): 0.00
Cash EPS (₹): -1.73
Operating Margin %: -51.38%
Net Margin %: -77.05%
ROE %: -36.61%
ROCE %: -2.95%
: -2.72%
Debtor Days: 175
Inventory Days: 47
Payable Days: 2185
: -1963
Debt to Equity (x): 13.60x
Interest Coverage (x): -298.87x
: 0.04x
Revenue Growth %: 11.98%
Operating Profit Growth %: -443.16%
Net Profit Growth %: -412.26%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 3.07
Book Value (₹): 7.25
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.26
Operating Margin %: 125.94%
Net Margin %: 132.97%
ROE %: 53.60%
ROCE %: 8.91%
: 7.99%
Debtor Days: 91
Inventory Days: 18
Payable Days: 1864
: -1755
Debt to Equity (x): 0.07x
Interest Coverage (x): 214.06x
: 0.65x
Revenue Growth %: -5.62%
Operating Profit Growth %: 331.36%
Net Profit Growth %: 262.88%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	41.99	39.86	39.07	39.07	39.07	39.07	39.07	39.07
	0.16	0.14	0.13	0.08	0.09	0.11	0.16	0.03
	1.55	1.55	1.55	1.55	1.55	1.55	1.55	1.53
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	56.30	58.45	59.24	59.29	59.28	59.26	59.22	59.36

Sep 2024

: 41.99
: 0.16
: 1.55
Government: 0.00
: 56.30

Dec 2024

: 39.86
: 0.14
: 1.55
Government: 0.00
: 58.45

Mar 2025

: 39.07
: 0.13
: 1.55
Government: 0.00
: 59.24

Jun 2025

: 39.07
: 0.08
: 1.55
Government: 0.00
: 59.29

Sep 2025

: 39.07
: 0.09
: 1.55
Government: 0.00
: 59.28

Dec 2025

: 39.07
: 0.11
: 1.55
Government: 0.00
: 59.26

Mar 2026

: 39.07
: 0.16
: 1.55
Government: 0.00
: 59.22

Jun 2026

: 39.07
: 0.03
: 1.53
Government: 0.00
: 59.36

Documents

Announcements

General Updates
2026-08-07 - HLV LIMITED has informed the Exchange about Letter to Shareholder- Weblink for Annual Report along with Notice of AGM
Copy of Newspaper Publication
2026-08-05 - HLV LIMITED has informed the Exchange about Copy of Newspaper Publication for Notice of Annual General Meeting

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Jul 2015
TranscriptPPTREC