Hilltone Software & Gases Ltd
Incorporated in 1993, Hilltone Software and Gases Ltd is in the business of trading of Industrial and Medical Oxygen gases and other allied gases. It is also in the Software business[1]
- Market Cap ₹ 48.0 Cr.
- Current Price ₹ 44.0
- High / Low ₹ 59.6 / 19.2
- Stock P/E
- Book Value ₹ 12.5
- Dividend Yield 0.00 %
- ROCE 2.34 %
- ROE -1.16 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 80.3 to 53.4 days.
- Company's working capital requirements have reduced from 147 days to 35.9 days
Cons
- Stock is trading at 3.52 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 12.8%
- Company has a low return on equity of 3.84% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Industrial Gases
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|
3.31 | 3.87 | 4.08 | 5.77 | 6.50 | 5.55 | 6.85 | 7.52 | 7.85 | |
3.34 | 3.84 | 4.00 | 5.57 | 6.24 | 4.61 | 6.45 | 7.72 | 8.37 | |
Operating Profit | -0.03 | 0.03 | 0.08 | 0.20 | 0.26 | 0.94 | 0.40 | -0.20 | -0.52 |
OPM % | -0.91% | 0.78% | 1.96% | 3.47% | 4.00% | 16.94% | 5.84% | -2.66% | -6.62% |
0.26 | 0.11 | 0.11 | 0.16 | 0.13 | 0.13 | 0.48 | 0.71 | 0.74 | |
Interest | 0.03 | 0.05 | 0.07 | 0.15 | 0.12 | 0.11 | 0.12 | 0.11 | 0.15 |
Depreciation | 0.04 | 0.02 | 0.08 | 0.08 | 0.11 | 0.09 | 0.14 | 0.16 | 0.27 |
Profit before tax | 0.16 | 0.07 | 0.04 | 0.13 | 0.16 | 0.87 | 0.62 | 0.24 | -0.20 |
Tax % | 0.00% | 0.00% | -25.00% | -7.69% | 0.00% | 16.09% | 19.35% | 162.50% | |
0.16 | 0.07 | 0.05 | 0.12 | 0.17 | 0.73 | 0.51 | -0.16 | -0.44 | |
EPS in Rs | -0.15 | -0.40 | |||||||
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 5% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -179% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 4% |
Last Year: | -1% |
Balance Sheet
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 10.93 | 10.93 |
Reserves | 0.07 | 0.14 | 0.19 | 0.31 | 0.48 | 1.21 | 2.89 | 2.73 |
0.28 | 0.52 | 1.04 | 0.97 | 0.96 | 0.82 | 0.80 | 1.69 | |
0.52 | 0.79 | 0.82 | 1.02 | 0.82 | 1.22 | 1.22 | 2.15 | |
Total Liabilities | 4.87 | 5.45 | 6.05 | 6.30 | 6.26 | 7.25 | 15.84 | 17.50 |
2.20 | 2.44 | 2.66 | 2.70 | 2.83 | 2.84 | 3.99 | 5.49 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.42 |
Investments | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 |
2.66 | 3.00 | 3.37 | 3.58 | 3.41 | 4.39 | 11.83 | 10.59 | |
Total Assets | 4.87 | 5.45 | 6.05 | 6.30 | 6.26 | 7.25 | 15.84 | 17.50 |
Cash Flows
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
0.19 | -0.36 | 0.26 | 0.21 | 0.58 | -7.19 | 0.64 | ||
-0.13 | -0.17 | -0.01 | -0.12 | 0.02 | -0.81 | 0.58 | ||
-0.05 | 0.41 | -0.18 | -0.14 | -0.27 | 8.10 | -0.11 | ||
Net Cash Flow | 0.02 | -0.12 | 0.07 | -0.04 | 0.32 | 0.10 | 1.11 |
Ratios
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 83.81 | 90.54 | 89.46 | 75.91 | 69.63 | 106.54 | 80.99 | 53.39 |
Inventory Days | 56.39 | 52.72 | 68.44 | 33.33 | 8.88 | 33.37 | 34.01 | 39.66 |
Days Payable | 53.26 | 83.81 | 78.58 | 56.90 | 39.57 | 72.80 | 65.53 | 64.53 |
Cash Conversion Cycle | 86.94 | 59.45 | 79.32 | 52.34 | 38.94 | 67.11 | 49.47 | 28.52 |
Working Capital Days | 56.24 | 25.47 | 60.83 | 34.16 | 27.52 | 46.04 | 358.07 | 35.92 |
ROCE % | 2.66% | 2.22% | 5.52% | 5.22% | 17.09% | 7.17% | 2.34% |
Documents
Announcements
-
Board Meeting Outcome for The Board Of The Company At Its Meeting Held Today, I.E., Monday, 01St September, 2025 At The Registered Office Of The Company Has Transacted And Approved The Following Business:
2d - Board adopted valuation and compliance certificate for proposed preferential equity issue; AGM fixed for Sept 29, 2025.
-
Board Meeting Outcome for THE BOARD IN ITS MEETING APPROVED THE RESOLUTIONS
23 Aug - Board approved 30,82,000 preferential shares; authorised capital to Rs15 crore; MOA/AOA changes; relevant date Aug 29, 2025.
-
Announcement under Regulation 30 (LODR)-Issue of Securities
23 Aug - Board approved preferential issue of 30,82,000 shares; authorised capital to rise to Rs15 crore; AGM approvals.
-
Board Meeting Intimation for Approval Of Increase In Authorised Share Capital, Issue Of Equity Shares, Change In Object Clause, Change In Articles Of Association, Notice Of AGM And Directors Report For FY 2024-25
20 Aug - Board meeting 23 Aug 2025 to propose preferential equity issue, increase authorised capital, amend MOA/AOA, fix 32nd AGM.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Aug - NEWSPAPER PUBLICATION FOR UNAUDITED FINANCIAL STATEMENTS FOR QTR ENDING ON JUNE 2025
Annual reports
No data available.
Business Overview:[1][2]
HSGL manufactures and supplies Industrial and Medical Gases at its plant at Santej. It provides the entire range of industrial gases and medical gases like Nitrous Oxide - Bulk 'A' Type, Oxygen/ Nitrogen/ Co2/ D.A, Helium etc. Apart from this, company is also into software business