HVAX Technologies Ltd

HVAX Technolog. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

HVAX Technologies Ltd

₹ 685 -4.85%
23 Mar 1:48 p.m.
hvax.in NSE - SME: HVAX
About

Established in 2010, HVAX Technologies Limited provides turnkey engineering, procurement, and execution of controlled environment and cleanroom infrastructure, design, engineering, and consulting services to pharmaceutical and healthcare companies.[1]

Key Points

Business Profile[1] The company supplies a range of products manufactured by third parties, including cleanroom wall and ceiling panels, covings, riser panels, cleanroom doors, flooring systems, pass boxes, air showers, LT/HT electrical panels, prefabricated galvanized iron (GI) ducts, air handling units, chillers, Building Management Systems (BMS) equipment, and utility generation and distribution equipment.

Website NSE - SM
  • Market Cap ₹ 190 Cr.
  • Current Price ₹ 685
  • High / Low ₹ 1,029 / 560
  • Stock P/E 15.7
  • Book Value ₹ 277
  • Dividend Yield 0.00 %
  • ROCE 22.3 %
  • ROE 21.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 41.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has high debtors of 199 days.
  • Working capital days have increased from 74.1 days to 146 days

* 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

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Half Yearly Results

Figures in Rs. Crores

Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
29 77 46 85 61
26 67 39 73 54
Operating Profit 3 10 7 12 6
OPM % 10% 13% 15% 14% 11%
0 1 0 0 2
Interest 1 1 1 1 1
Depreciation 1 0 1 1 1
Profit before tax 1 10 5 10 7
Tax % 25% 25% 27% 26% 26%
1 7 4 7 5
EPS in Rs 17.34 109.30 18.73 26.00 17.72
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
44 61 68 96 106 131 145
41 55 61 87 93 112 127
Operating Profit 3 5 7 9 13 19 18
OPM % 7% 9% 10% 9% 12% 14% 12%
1 1 1 0 1 0 2
Interest 1 1 1 1 2 2 3
Depreciation 0 1 1 1 1 2 1
Profit before tax 3 5 6 7 11 15 16
Tax % 25% 29% 25% 26% 25% 26%
2 4 4 5 9 11 12
EPS in Rs 30.96 60.30 67.76 84.29 125.00 39.76 43.72
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 24%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: 42%
3 Years: 40%
TTM: 5%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 12%
Return on Equity
10 Years: %
5 Years: 30%
3 Years: 27%
Last Year: 21%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.62 0.62 0.62 0.62 0.68 3 3
Reserves 5 7 11 17 30 69 74
11 7 10 17 24 28 19
11 22 32 44 8 22 15
Total Liabilities 28 37 54 78 64 122 112
7 10 8 7 9 8 7
CWIP 0 0 0 0 0 0 0
Investments 1 1 0 1 0 0 0
20 26 45 70 54 114 104
Total Assets 28 37 54 78 64 122 112

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2 8 -1 -4 -12 -22
-1 -4 2 -0 -2 0
-1 -4 2 6 10 31
Net Cash Flow 0 -1 3 2 -4 10

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 92 98 106 124 86 199
Inventory Days 26 24 130 114 109 95
Days Payable 92 77 74 53 32 72
Cash Conversion Cycle 25 45 162 184 162 222
Working Capital Days 7 -8 1 10 67 146
ROCE % 36% 32% 27% 28% 22%

Insights

In beta
Mar 2010 Mar 2016 Mar 2020 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Fixed Asset Turnover Ratio
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Geographical Footprint (Countries Served)
Number
Revenue Share - Domestic
%
Revenue Share - International
%
Employee Count
Number
Facility Area
sq. ft.
Average Project Execution Timeline
Days
Cumulative Projects Executed
Number

Shareholding Pattern

Numbers in percentages

Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
66.65% 66.65% 66.65% 66.65% 66.65%
9.35% 9.29% 9.17% 9.13% 8.96%
0.41% 0.70% 1.13% 1.08% 1.08%
23.60% 23.36% 23.05% 23.14% 23.31%
No. of Shareholders 535508463448428

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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