HLV Limited
NSE: HLVLTD · Hotels & Resorts · sector
₹5.74NSE close 2026-10-26
Key numbers
Market cap₹378 cr
Price₹5.74
52w high / low₹12 / ₹6
P/E82.0xSector median 21.6x
P/B0.8xSector median 1.8x
Book value₹7.1
Dividend yield0.22%Sector median 0.58%
ROE1.0%Sector median 6.5%
ROCE1.6%Sector median 9.1%
OPM6.8%Sector median 26.3%
Debt / equity0.02xSector median 0.20x
EV/EBITDA18.0xSector median 12.9x
Interest cover2.5x
Current ratio1.75x
Sales growth 3y+5.1%Sector median +7.8%
Profit growth 3y-35.2%Sector median +10.9%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 64 companies in Hotels & Resorts (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹135 cr vs borrowings ₹11 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 2.5x in the last 12 months.
- 36.49% of the promoters' shares are pledged (14.3% of all shares).
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 281% of net profit in the last 12 months.
- Debtor days went from 27 (FY24) to 16 (FY26).
- No dividend in the last 5 financial years.
- Price ₹5.74 on 2026-10-26: -51.0% from the 52-week high, +2.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹20.42 · low ₹5.74
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43 | 58 | 59 | 41 | 36 | 61 | 63 | 47 |
| EBITDA | 5 | 12 | 11 | -2 | -7 | 10 | 11 | 1 |
| OPM % | 12.0% | 20.5% | 19.2% | -4.2% | -20.5% | 15.8% | 16.8% | 2.5% |
| Other income | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 3 |
| Net profit | 3 | 10 | 11 | -3 | -10 | 7 | 9 | -1 |
| EPS (₹) | 0.05 | 0.16 | 0.16 | 0.05 | -0.15 | 0.10 | 0.13 | -0.01 |
| Revenue YoY | -17.4% | +5.5% | +7.1% | +14.6% | ||||
| Profit YoY | -384.2% | -33.1% | -19.9% | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 73 | 173 | 199 | 203 | 201 | 207 |
| EBITDA | -31 | 15 | 31 | 29 | 11 | 14 |
| Net profit | -43 | 8 | 24 | 26 | 2 | 5 |
| EPS (₹) | -0.66 | 0.12 | 0.36 | 0.40 | 0.03 | 0.07 |
| Revenue growth | +136.8% | +15.2% | +2.1% | -1.2% | +2.9% | |
| Profit growth | – | +211.5% | +9.8% | -92.0% | -77.3% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +5.1% | +60.4% | +2.9% |
| Net profit | -35.2% | – | -77.3% |
| EPS | -37.0% | – | – |
| Share price | – | -41.7% (2y) | -46.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 419 | 443 | 468 | 471 |
| Borrowings | – | 9 | 12 | 18 | 11 |
| Cash & equivalents | – | 49 | 114 | 138 | 135 |
| Total assets | – | 566 | 580 | 632 | 642 |
| Fixed assets | – | 246 | 248 | 256 | 280 |
| Capital work in progress | – | 5 | 1 | 10 | 6 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 13 | 15 | 12 | 9 |
| Inventory | – | 6 | 8 | 8 | 8 |
| Payables | – | 71 | 79 | 95 | 104 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -49 | 35 | 24 | 34 | 36 |
| Cash from investing | 22 | 16 | -33 | 22 | -62 |
| Cash from financing | 26 | -41 | -2 | 1 | -14 |
| Capex | 0 | 0 | 0 | 11 | 31 |
| Free cash flow | -49 | 35 | 24 | 23 | 5 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 1.8% | 5.4% | 5.6% | 0.4% |
| ROCE % | – | 3.2% | 5.8% | 5.8% | 1.1% |
| Debtor days | – | 28 | 27 | 22 | 16 |
| Inventory days | – | 165 | 184 | 202 | 222 |
| Payable days | – | 1,942 | 1,887 | 2,327 | 2,744 |
| Cash conversion cycle (days) | – | -1,749 | -1,676 | -2,103 | -2,506 |
| Working capital days | – | 34 | 161 | 181 | 189 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 39.07% |
| FIIs | 0.01% |
| DIIs | 1.51% |
| of which Mutual funds | 0.00% |
| of which Insurance | 1.43% |
| Government | 0.00% |
| Public (non-institutions) | 59.41% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 39.86% | 39.07% | 39.07% | 39.07% | 39.07% | 39.07% | 39.07% | 39.07% |
| Promoter group | % |
|---|---|
| Universal Hotels & Resorts Private Limited | 36.47% |
| Rockfort Estate Developers PVT Ltd | 2.28% |
| Krishnan Nair Leela Family Trust (Trustees Mr. Vivek Nair & Mr.Dinesh Nair) | 0.12% |
| Vivek Krishnan Nair | 0.08% |
| Dinesh Nair | 0.07% |
| Amruda Nair | 0.05% |
| Lakshmi Nair | 0.00% |
| Madhu D Nair | 0.00% |
| Public holders above 1% | % |
|---|---|
| JM Financial Asset Reconstruction Company Limited | 24.87% |
| ITC Limited | 8.10% |
| Life Insurance Corporation of India | 1.33% |
1,39,599 shareholders. Pledged: 36.49% of promoter shares.
Peers in Hotels & Resorts
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDHOTEL | ₹1,13,231 cr | 51.2x | 8.3x | 17.5% | 24.3% | 35.5% | +18.6% | 0.30% |
| ITCHOTELS | ₹34,226 cr | 39.5x | 2.9x | 7.7% | 10.1% | 32.7% | – | – |
| THELEELA | ₹19,468 cr | 31.3x | 3.0x | 5.0% | 9.1% | 48.6% | – | – |
| EIHOTEL | ₹18,060 cr | 25.4x | 3.4x | 14.4% | 19.7% | 33.4% | +13.3% | 0.58% |
| CHALET | ₹17,484 cr | 33.1x | 4.7x | 15.7% | 14.2% | 44.1% | +34.9% | 0.12% |
| VENTIVE | ₹12,654 cr | 26.4x | 2.3x | 9.9% | 12.4% | 42.9% | – | – |
| LEMONTREE | ₹8,721 cr | 37.1x | 6.3x | 18.4% | 15.8% | 45.3% | +18.2% | – |
| ITDC | ₹5,174 cr | 63.1x | 12.2x | 21.3% | 27.2% | 16.9% | +4.8% | 0.48% |
| JUNIPER | ₹4,474 cr | 27.0x | 1.6x | 5.9% | 8.6% | 37.4% | – | – |
| HLVLTD | ₹378 cr | 82.0x | 0.8x | 1.0% | 1.6% | 6.8% | +5.1% | 0.22% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-19 | Other | Annual General Meeting |
| 2023-07-28 | Other | Annual General Meeting |
| 2022-08-18 | Other | Annual General Meeting |
| 2021-08-11 | Other | Annual General Meeting |
| 2020-09-16 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Hotels & Resorts |
| Sub-industry | Hotels & Resorts |
| Symbol | HLVLTD |
| BSE code | 500193 |
| ISIN | INE102A01024 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.