HVAX Technologies Ltd
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]
- Market Cap ₹ 166 Cr.
- Current Price ₹ 598
- High / Low ₹ 990 / 462
- Stock P/E 15.0
- Book Value ₹ 259
- Dividend Yield 0.00 %
- ROCE 22.5 %
- ROE 21.5 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 42.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%
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 142 days to 218 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
Sector: Engineering Industry: Engineering - Turnkey Services
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 44 | 61 | 68 | 96 | 106 | 131 | |
| 41 | 55 | 61 | 87 | 92 | 112 | |
| Operating Profit | 3 | 5 | 7 | 9 | 14 | 19 |
| OPM % | 7% | 9% | 10% | 9% | 13% | 14% |
| 1 | 1 | 1 | 0 | 1 | 0 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 3 | 5 | 6 | 7 | 13 | 15 |
| Tax % | 25% | 29% | 25% | 26% | 25% | 26% |
| 2 | 4 | 4 | 5 | 9 | 11 | |
| EPS in Rs | 30.96 | 60.30 | 67.76 | 84.29 | 137.76 | 39.76 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 24% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 42% |
| 3 Years: | 40% |
| TTM: | 25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 28% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.62 | 0.62 | 0.62 | 0.62 | 0.68 | 3 |
| Reserves | 5 | 7 | 11 | 17 | 30 | 69 |
| 11 | 7 | 10 | 17 | 24 | 28 | |
| 11 | 22 | 32 | 44 | 9 | 22 | |
| Total Liabilities | 28 | 37 | 54 | 78 | 64 | 122 |
| 7 | 10 | 8 | 7 | 9 | 8 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 0 | 1 | 0 | 0 |
| 20 | 26 | 45 | 70 | 54 | 114 | |
| Total Assets | 28 | 37 | 54 | 78 | 64 | 122 |
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 | 29 | 3 | 38 | 67 | 141 | 218 |
| ROCE % | 36% | 32% | 27% | 30% | 22% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
20 May 2025 - HVAX announces earnings call on May 23, 2025, for H2 and FY25 financial results.
-
General Updates
19 May 2025 - Appointed Kirin Advisors as Investor and Public Relations Agency effective May 19, 2025.
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
17 May 2025 - HVAX TECHNOLOGIES LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
-
Outcome of Board Meeting
17 May 2025 - HVAX approved audited FY25 financial results with unmodified audit opinion; appointed secretarial and internal auditors.
-
Change in Auditors
17 May 2025 - Board approved audited FY25 results with unmodified opinion; appointed new secretarial and internal auditors.
Annual reports
No data available.
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.