HLV LIMITED

NSE: HLVLTDHotels & Resorts

Share price

₹6.11

+0.83% close of 9 Oct 2026

Market cap ₹403 CrP/E 84.5

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 6 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹403 Cr

P/E ratio

84.5

P/B ratio

0.9

ROCE

1.6%

ROE

0.4%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹11.6052-week low ₹5.72

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 2.9% over the past year, and 0.3% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 12.5% to 5.2% over the last two years.

Whether it grew faster than its sector

It grew 0.3% a year against a sector median of 13.9% — 13.7 percentage points slower.

Room to re-rate, or risk of de-rating

At 83.8× earnings it costs 3.5× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 33.7×, across 5 companies. It is against its own five-year median of 84.1×, the 50th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

	Profit growth	Price per ₹1 profit	Per 1% growth
HLV LIMITED — this one	-12%/yr	83.8×	—
ITC Hotels Limited	—	34.9×	—
Leela Palaces Hotels & Resorts Limited	106%/yr	43.7×	—
EIH Limited	25%/yr	25.1×	₹1.0
Chalet Hotels Limited	60%/yr	33.7×	₹0.56
Ventive Hospitality Limited	—	26.7×	—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Hotels & Resorts), it ranks 34 of 39 on returns, 29 of 35 on growth, 35 of 39 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 1.6% on capital, ahead of 13% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹80 crore of cash from the business, spent ₹80 crore on plant and equipment, and returned ₹30 crore to lenders and shareholders. It has not made a profit over 12 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

4 of 9 checks clear · 44%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 28 Jul 2026 · Standalone

Revenue

₹47 Cr

Net profit

-₹1 Cr

Net margin

-1.7%

EPS

₹-0.01

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap: ₹403 Cr
Prev close: ₹6.11
52w High: ₹11.7
52w Low: ₹5.6
Enterprise value: ₹304 Cr
Beta: 1.3
Price CAGR 1y: -47.0%
Price CAGR 3y: -36.0%
Price CAGR 5y: -12.0%
Price CAGR 10y: -10.0%

Ratios

Return on assets: 0.3%
PEG ratio: -4.3
P/E ratio: 84.5
P/B ratio: 0.9
EV / EBITDA: 17.7
Industry P/E: 29.5
ROCE: 1.6%
ROCE 5y average: 2.0%
ROE: 0.4%
Debt / Equity: 0.1
Interest coverage: 1.7
Dividend yield: 0.0%
ROE 3y average: 4.0%
ROE last year: 1.0%

Annual P&L

Annual revenue: ₹201 Cr
Annual profit: ₹2 Cr
Operating margin: 7.0%
Net profit margin: 1.0%
EBITDA margin: 7.0%
Sales growth 3y: 5.1%
Sales growth 5y: 60.3%
Profit growth 3y: -12.0%
Profit growth 5y: 16.0%
EPS: ₹0.0
Sales growth TTM: 3.0%
Profit growth TTM: -61.0%
Dividend payout: 0.0%

Quarter P&L

Sales latest quarter: ₹47 Cr
Profit latest quarter: -₹1 Cr
YoY quarterly sales growth: 14.6%
YoY quarterly profit growth: —
OPM latest quarter: 2.5%

Balance Sheet

Book Value: ₹7.1
Face Value: ₹2.0
Total debt: ₹35 Cr
Total cash: ₹135 Cr
Borrowings: ₹35 Cr
Reserves / Equity: 2.6

Cash Flow

Operating cash flow: ₹36 Cr
Free cash flow: ₹5 Cr
FCF yield: 0.5%
Net cash flow: -₹39 Cr

Shareholding

Promoter holding: 39.1%
FII holding: 0.0%
DII holding: 1.5%
Public holding: 59.4%

Peer comparison

Company	Price ₹	P/E	Mkt cap ₹ Cr	Div yield %	Profit qtr ₹ Cr	Profit var %	Sales qtr ₹ Cr	Sales var %	ROCE %
Indian Hotels Co	736.00	53.9	1,04,765	0.44	390.8	20.8	2,339.2	14.6	17.1
ITC Hotels	160.21	36.2	33,385	0.62	181.9	35.4	936.0	14.8	11.2
Leela Palaces Hotels	582.70	43.4	19,458	0.00	48.8	456.4	352.0	28.1	8.7
EIH	300.70	25.9	18,805	0.50	120.3	-1.9	657.0	14.5	20.7
Chalet Hotels	818.20	33.4	17,901	0.24	86.1	-54.4	512.3	-42.7	17.0
Ventive Hospital	582.35	28.1	13,604	0.00	124.2	199.8	542.8	7.0	10.8
Lemon Tree Hotel	110.12	34.1	8,729	0.00	57.3	20.1	344.6	9.1	14.1
HLV	6.13	51.8	404	0.00	-0.8	77.5	46.7	14.6	1.6
Median	196.71	28.1	765	0.00	6.7	20.8	70.6	10.6	10.8

Competes with: Chalet Hotels Limited, EIH Limited, ITC Hotels Limited, Leela Palaces Hotels & Resorts Limited, Lemon Tree Hotels Limited, The Indian Hotels Company Limited, Ventive Hospitality Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026

Line item	Jun 2023	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	43	41	55	60	43	43	58	59	41	36	61	63	47
Expenses	38	37	44	49	42	40	46	46	42	42	49	53	46
Material Cost								3.94	3.43	2.22	4.30	3.91	3.74
Change in Inventories								0	0	0	0	0	0
Purchases of Stock-in-Trade								0	0	0	0	0	0
Employee Cost								15	15	15	15	16	16
Other Expenses								28	24	25	30	33	26
Operating Profit	4.40	4.42	11	11	0.48	2.90	12	13	-1.71	-6.21	12	11	1.16
OPM %	10	11	20	18	1.12	6.69	20	22	-4.20	-17	19	17	2.49
Other Income	1.59	1.78	2.88	3.55	5.18	4.95	3.08	2.69	3.23	1.97	0.91	4.21	3.27
Exceptional items (within Other Income)								-1.50	0	-1.12	-1.91	0	0
Interest	0.63	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	3.46	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	1.90	2.02	9.53	10	1.62	3.49	10	11	-3.47	-9.92	6.87	8.60	-0.78
Tax %	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Profit	1.90	2.02	9.53	10	1.62	3.49	10	11	-3.47	-9.92	6.87	8.60	-0.78
EPS in Rs	0.03	0.03	0.14	0.16	0.02	0.05	0.16	0.16	-0.05	-0.15	0.10	0.13	-0.01
Diluted EPS in Rs								0.16	0.05	-0.15	0.10	0.13	-0.01

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	636	661	698	138	154	146	19	73	173	199	203	201	207
Expenses	545	508	523	150	238	183	72	94	157	168	175	187	190
Material Cost											15	14
Change in Inventories											0	0
Purchases of Stock-in-Trade											0	0
Employee Cost											59	60
Other Expenses											101	112
Operating Profit	92	153	175	-12	-83	-37	-53	-21	16	31	28	14	17
OPM %	14	23	25	-9	-54	-25	-280	-28	9	15	14	7	8
Other Income	-138	-13	41	2	-25	243	33	-7	9	10	16	10	10
Exceptional items (within Other Income)											0.82	-3.03
Interest	198	88	90	0	0	1	2	2	5	2	2	3.13	3
Depreciation	227	240	141	13	10	12	14	13	11	14	16	19	20
Profit before tax	-470	-187	-15	-23	-119	194	-36	-43	9	24	26	2.08	5
Tax %	-12	-4	0	0	0	0	0	0	11	0	0	0
Net Profit	-416	-180	-15	-23	-119	194	-36	-43	8	24	26	2.08	5
EPS in Rs	-8.91	-3.86	-0.33	-0.37	-1.89	3.07	-0.57	-0.64	0.12	0.36	0.40	0.03	0.07
Diluted EPS in Rs											0.40	0.03
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	0	0

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years: -11%
5 years: 60%
3 years: 5%
TTM: 3%

Compounded profit growth

10 years: -17%
5 years: 16%
3 years: -12%
TTM: -61%

Stock price CAGR

10 years: -10%
5 years: -12%
3 years: -36%
1 year: -47%

Return on equity

10 years: 2%
5 years: 1%
3 years: 4%
Last year: 1%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone

Line item	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

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone

Line item	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

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone

Line item	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

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Sep 2026

Line item	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	50	47	45	42	40	39	39	39	39	39	39	39
FIIs	0	0.23	0.09	0.16	0.14	0.13	0.08	0.09	0.11	0.16	0.03	0.01
DIIs	1.55	1.55	1.55	1.55	1.56	1.56	1.56	1.56	1.56	1.55	1.53	1.51
Public	49	51	53	56	58	59	59	59	59	59	59	59
No. of Shareholders	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	1,39,599

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -45.8% (₹11.28 → ₹6.11)Brick size ₹0.29 (fixed)Bricks 46

Price moved up one brickPrice moved down one brickLast close ₹6.11 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-99.71inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-09-30

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-09-30

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-09-30

News

News and filings about HLV LIMITED. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

Food and beverages
Stores, operating supplies and linen
Water for hotel operations (STP-recycled and rainwater harvested)

Depends on the price of

fuel

Sells to

HDFC Bank · Commercial space lease at Leela Galleria, Andheri-Kurla Road, Mumbai (held as Investment P…
Safran India Private Limited · Commercial space lease at Leela Galleria, Mumbai; named rent-receivable tenant in FY26 AR…
TotalEnergies Marketing India Private Limited · Commercial space lease at Leela Galleria, Mumbai; named rent-receivable tenant in FY26 AR…

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector: Consumer Services
Industry: Hotels & Resorts
Classification: Consumer Services › Hotels & Resorts
ISIN: INE102A01024

Plants

In-house recycled drinking water glass bottling plant · Mumbai, Maharashtra
Leela Galleria commercial property
Proposed luxury resort and hotel at Vellimon, Ashtamudi Lake · Kollam, Kerala
The Leela Mumbai · Mumbai, Maharashtra
Windmills · Dhule, Maharashtra

News impact

Big market events that reach HLV LIMITED, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Annual report · 2025-264 Aug 2026

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.