WEBSITE BSE:544308 NSE: HILLTONE Inc. Year: Industry: Industrial Gases & Fuels
Last updated: 11:22
Hilltone Software & Gases Limited is a small, listed Indian company with a diversified business profile spanning industrial gases and software/IT-related activities. Historically, the company has been associated with the trading and distribution of industrial and medical gases such as oxygen, nitrogen, and related gas products used across healthcare, manufacturing, and small industrial units. Alongside this, it also has exposure to software and IT-enabled services, although this segment has remained relatively limited in scale. Over the years, ...Read More
Hilltone Software & Gases Limited is a small, listed Indian company with a diversified business profile spanning industrial gases and software/IT-related activities. Historically, the company has been associated with the trading and distribution of industrial and medical gases such as oxygen, nitrogen, and related gas products used across healthcare, manufacturing, and small industrial units. Alongside this, it also has exposure to software and IT-enabled services, although this segment has remained relatively limited in scale. Over the years, Hilltone has largely operated as a micro-cap entity with modest revenues and fluctuating financial performance, reflecting its dependency on trading activity and limited operating leverage. The company represents a niche, low-scale player where future performance is closely tied to revival in core operations, working capital efficiency, and the management’s ability to scale either its gas distribution or software business meaningfully. ...Read Less
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Market Cap ₹75 Cr.
Stock P/E -476.8
P/B 3
Current Price ₹56.8
Book Value ₹ 18.7
Face Value 10
52W High ₹93
Dividend Yield 0%
52W Low ₹ 25.8
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 3 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 4 |
| Total Expenditure | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 4 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -1 |
| Provision for Tax | -0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -1 |
| Adjustments | -0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -1 |
| Adjusted Earnings Per Share | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | -0.4 | -0.2 | -0.6 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2 | 3 | 4 | 3 | 4 | 4 | 6 | 6 | 6 | 7 | 8 | 8 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Total Income | 3 | 3 | 4 | 4 | 4 | 4 | 6 | 7 | 6 | 7 | 8 | 10 |
| Total Expenditure | 2 | 3 | 3 | 3 | 4 | 4 | 6 | 6 | 5 | 6 | 8 | 11 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | -1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | -1 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | -0 | -1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | -0 | -1 |
| Adjusted Earnings Per Share | 0.1 | 0.1 | 0.8 | 0.4 | 0.2 | 0.1 | 0.3 | 0.4 | 1.8 | 0.5 | -0.1 | -1.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 14% | 10% | 15% | 15% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | -100% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 14% | NA% | NA% | NA% |
| ROE Average | -1% | 6% | 5% | 4% |
| ROCE Average | 2% | 9% | 8% | 6% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 2 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 14 | 14 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Total Current Liabilities | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Total Liabilities | 3 | 3 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 16 | 18 |
| Fixed Assets | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 5 |
| Other Non-Current Assets | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 9 | 8 |
| Total Current Assets | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 4 |
| Total Assets | 3 | 3 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 16 | 18 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | -0 | -0 | 0 | -0 | 0 | -0 | 0 | 0 | 1 | -7 | 1 |
| Cash Flow from Investing Activities | -0 | 0 | -0 | 0 | -0 | -0 | -0 | -0 | 0 | -1 | 1 |
| Cash Flow from Financing Activities | 0 | -0 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | 8 | -0 |
| Net Cash Inflow / Outflow | 0 | -0 | -0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | 1 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.12 | 0.13 | 0.8 | 0.4 | 0.17 | 0.12 | 0.31 | 0.42 | 1.83 | 0.46 | -0.14 |
| CEPS(Rs) | 0.27 | 0.24 | 0.91 | 0.51 | 0.22 | 0.31 | 0.52 | 0.68 | 2.06 | 0.59 | 0 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 5.64 | 5.77 | 10.13 | 10.19 | 10.35 | 10.47 | 10.78 | 11.2 | 13.03 | 12.64 | 12.5 |
| Core EBITDA Margin(%) | -2.51 | 1.08 | 7.77 | -0.76 | 0.71 | 1.98 | 3.21 | 4.03 | 16.96 | 6.3 | -2.73 |
| EBIT Margin(%) | 3.28 | 3.25 | 10.03 | 5.68 | 2.94 | 2.79 | 4.69 | 4.4 | 17.74 | 11.36 | 4.6 |
| Pre Tax Margin(%) | 2.01 | 1.91 | 9.13 | 4.83 | 1.7 | 1.01 | 2.12 | 2.5 | 15.7 | 9.1 | 3.16 |
| PAT Margin (%) | 2.01 | 1.91 | 9.13 | 4.83 | 1.7 | 1.18 | 2.16 | 2.55 | 13.18 | 7.4 | -2.09 |
| Cash Profit Margin (%) | 4.41 | 3.42 | 10.4 | 6.15 | 2.25 | 3.03 | 3.6 | 4.17 | 14.81 | 9.38 | 0.04 |
| ROA(%) | 1.64 | 1.71 | 7.95 | 3.27 | 1.29 | 0.84 | 2.03 | 2.66 | 10.88 | 4.4 | -0.94 |
| ROE(%) | 2.18 | 2.33 | 10.07 | 3.94 | 1.61 | 1.16 | 2.93 | 3.78 | 15.11 | 5.32 | -1.14 |
| ROCE(%) | 3 | 3.28 | 9.75 | 4.26 | 2.53 | 2.3 | 5.14 | 5.33 | 17.18 | 7.53 | 2.42 |
| Receivable days | 72.98 | 83.58 | 83.18 | 87.92 | 80.85 | 87.69 | 69.52 | 68.46 | 93.94 | 83.79 | 63.54 |
| Inventory Days | 5.09 | 8.74 | 19.51 | 36.27 | 35.56 | 41.95 | 30.19 | 14.6 | 14.4 | 19.68 | 24.35 |
| Payable days | 58.46 | 55.15 | 54.78 | 56.76 | 65.71 | 78.93 | 53.32 | 48.13 | 61.59 | 62.97 | 59.02 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.53 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.78 | 1.56 | 1.26 | 1.25 | 1.13 | 1.23 | 0.85 | 0.75 | 0.8 | 1.64 | 4.44 |
| EV/Core EBITDA(x) | 31.38 | 32.62 | 11.15 | 17.9 | 32.44 | 26.57 | 13.82 | 12.55 | 4.14 | 12.32 | 65.95 |
| Net Sales Growth(%) | 19.64 | 14.51 | 26.23 | -5.49 | 17 | 5.2 | 41.45 | 12.61 | -14.55 | 23.29 | 9.93 |
| EBIT Growth(%) | -35.77 | 13.71 | 288.94 | -46.43 | -39.43 | -0.21 | 137.79 | 5.5 | 244.89 | -21.03 | -55.47 |
| PAT Growth(%) | -49.32 | 9.12 | 503.51 | -50.04 | -58.7 | -26.92 | 157.69 | 33.36 | 340.96 | -30.82 | -131 |
| EPS Growth(%) | -49.32 | 9.12 | 503.51 | -50.04 | -58.7 | -26.92 | 157.69 | 33.36 | 340.97 | -74.68 | -131 |
| Debt/Equity(x) | 0.23 | 0.19 | 0.11 | 0.07 | 0.13 | 0.25 | 0.23 | 0.21 | 0.16 | 0.06 | 0.03 |
| Current Ratio(x) | 1.1 | 1.29 | 1.65 | 1.96 | 1.35 | 1.58 | 1.5 | 1.57 | 1.93 | 2.08 | 2.22 |
| Quick Ratio(x) | 1.03 | 1.18 | 1.28 | 1.42 | 1.01 | 1.12 | 1.17 | 1.47 | 1.68 | 1.75 | 1.89 |
| Interest Cover(x) | 2.58 | 2.42 | 11.23 | 6.65 | 2.38 | 1.56 | 1.82 | 2.32 | 8.71 | 5.02 | 3.18 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Promoter | 12.84 | 12.84 | 12.84 | 12.84 | 12.84 | 10.65 |
| FII | 0 | 0 | 0 | 0.15 | 0.1 | 3.77 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 87.16 | 87.16 | 87.16 | 87.01 | 87.06 | 85.58 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Promoter | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 |
| FII | 0 | 0 | 0 | 0 | 0 | 0.05 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 1.13 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 | 1.32 |
* The pros and cons are machine generated.
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