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 ₹ 90.1 Cr.
- Current Price ₹ 82.5
- High / Low ₹ 84.0 / 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 41.0 days to 30.1 days
Cons
- Stock is trading at 6.60 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 | 6.42 | 7.72 | 8.37 | |
Operating Profit | -0.03 | 0.03 | 0.08 | 0.20 | 0.26 | 0.94 | 0.43 | -0.20 | -0.52 |
OPM % | -0.91% | 0.78% | 1.96% | 3.47% | 4.00% | 16.94% | 6.28% | -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 | 0.15 | 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 | 1.68 | |
0.52 | 0.79 | 0.82 | 1.02 | 0.82 | 1.22 | 1.22 | 2.16 | |
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 | -7.18 | 0.76 | ||
-0.13 | -0.17 | -0.01 | -0.12 | 0.02 | -0.82 | 0.58 | ||
-0.05 | 0.41 | -0.18 | -0.14 | -0.27 | 8.10 | -0.23 | ||
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 | 46.89 | 30.09 |
ROCE % | 2.66% | 2.22% | 5.52% | 5.22% | 17.09% | 7.46% | 2.34% |
Documents
Announcements
-
CORRIGENDUM TO THE NOTICE OF ANNUAL GENERAL MEETING TO BE HELD ON 29TH SEPTEMBER, 2025
23 Sep - Corrigendum: e-voting cut-off corrected to 23 Sep 2025; AGM on 29 Sep; remote voting 25–28 Sep.
-
Intimation Of Book Closure Pursuant To Regulation 42 Of SEBI (LODR) Regulations 2015
6 Sep - Book closure Sep 21–28, 2025; 32nd AGM Sep 29; e-voting Sep 25 09:00–Sep 28 17:00; cut-off Sep 19.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Sep - Of Newspaper Publication for 32nd Annual General Meeting to be held on 29th September, 2025
- 32Nd ANNUAL GENERAL MEETING 5 Sep
- Reg. 34 (1) Annual Report. 5 Sep
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