Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Non-Executive Independent Director Vinay Hansraj Kapadia was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 14
Full year 2026 earnings released: EPS: ₹3.00 (vs ₹0.40 in FY 2025) Full year 2026 results: EPS: ₹3.00. Revenue: ₹2.14b (up 5.4% from FY 2025). Net income: ₹20.8m (down 92% from FY 2025). Profit margin: 1.0% (down from 13% in FY 2025). Announcement • May 04
HLV Limited to Report Q4, 2026 Results on May 12, 2026 HLV Limited announced that they will report Q4, 2026 results on May 12, 2026 New Risk • Apr 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (₹5.06b market cap, or US$54.4m). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.10 (vs ₹0.16 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.10 (down from ₹0.16 in 3Q 2025). Revenue: ₹637.2m (up 4.8% from 3Q 2025). Net income: ₹68.7m (down 33% from 3Q 2025). Profit margin: 11% (down from 17% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Feb 04
HLV Limited to Report Q3, 2026 Results on Feb 12, 2026 HLV Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: ₹0.15 loss per share (vs ₹0.05 profit in 2Q 2025) Second quarter 2026 results: ₹0.15 loss per share (down from ₹0.05 profit in 2Q 2025). Revenue: ₹389.2m (down 10% from 2Q 2025). Net loss: ₹99.2m (down 384% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Nov 07
HLV Limited to Report Q2, 2026 Results on Nov 14, 2025 HLV Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Aug 26
HLV Limited, Annual General Meeting, Sep 23, 2025 HLV Limited, Annual General Meeting, Sep 23, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 11
First quarter 2026 earnings released: ₹0.05 loss per share (vs ₹0.02 profit in 1Q 2025) First quarter 2026 results: ₹0.05 loss per share (down from ₹0.02 profit in 1Q 2025). Revenue: ₹439.7m (up 2.4% from 1Q 2025). Net loss: ₹34.7m (down 314% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Aug 02
HLV Limited to Report Q1, 2026 Results on Aug 09, 2025 HLV Limited announced that they will report Q1, 2026 results at 12:08 PM, Indian Standard Time on Aug 09, 2025 New Risk • Jul 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.61b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. New Risk • Jun 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.64b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • May 23
Full year 2025 earnings released: EPS: ₹0.40 (vs ₹0.36 in FY 2024) Full year 2025 results: EPS: ₹0.40 (up from ₹0.36 in FY 2024). Revenue: ₹2.18b (up 9.7% from FY 2024). Net income: ₹261.3m (up 9.8% from FY 2024). Profit margin: 12% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹13.82, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 35x in the Hospitality industry in India. Total returns to shareholders of 45% over the past three years. Announcement • May 14
HLV Limited to Report Q4, 2025 Results on May 22, 2025 HLV Limited announced that they will report Q4, 2025 results on May 22, 2025 New Risk • Feb 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.67b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹0.16 (vs ₹0.14 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.16 (up from ₹0.14 in 3Q 2024). Revenue: ₹608.1m (up 9.8% from 3Q 2024). Net income: ₹102.7m (up 7.8% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jan 29
HLV Limited to Report Q3, 2025 Results on Feb 11, 2025 HLV Limited announced that they will report Q3, 2025 results at 9:08 AM, Indian Standard Time on Feb 11, 2025 Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹0.05 (vs ₹0.03 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.05 (up from ₹0.03 in 2Q 2024). Revenue: ₹460.1m (up 11% from 2Q 2024). Net income: ₹34.9m (up 73% from 2Q 2024). Profit margin: 7.6% (up from 4.9% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
HLV Limited to Report Q2, 2025 Results on Nov 12, 2024 HLV Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹18.00, the stock trades at a trailing P/E ratio of 50.5x. Average trailing P/E is 42x in the Hospitality industry in India. Total returns to shareholders of 48% over the past three years. Board Change • Sep 11
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non Executive Independent Director Vinay Hansraj Kapadia was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 03
HLV Limited, Annual General Meeting, Sep 25, 2024 HLV Limited, Annual General Meeting, Sep 25, 2024, at 11:00 Indian Standard Time. Location: vide conferencing, India Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹22.08, the stock trades at a trailing P/E ratio of 61.9x. Average trailing P/E is 43x in the Hospitality industry in India. Total returns to shareholders of 173% over the past three years. Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.03 in 1Q 2024) First quarter 2025 results: EPS: ₹0.02 (down from ₹0.03 in 1Q 2024). Revenue: ₹481.3m (up 13% from 1Q 2024). Net income: ₹16.2m (down 15% from 1Q 2024). Profit margin: 3.4% (down from 4.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
HLV Limited to Report Q1, 2025 Results on Aug 09, 2024 HLV Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 25
Full year 2024 earnings released: EPS: ₹0.36 (vs ₹0.12 in FY 2023) Full year 2024 results: EPS: ₹0.36 (up from ₹0.12 in FY 2023). Revenue: ₹2.09b (up 21% from FY 2023). Net income: ₹238.0m (up 211% from FY 2023). Profit margin: 11% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Announcement • May 16
HLV Limited to Report Q4, 2024 Results on May 24, 2024 HLV Limited announced that they will report Q4, 2024 results on May 24, 2024 Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹28.45, the stock trades at a trailing P/E ratio of 77.4x. Average trailing P/E is 40x in the Hospitality industry in India. Total returns to shareholders of 378% over the past three years. New Risk • Mar 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹21.40, the stock trades at a trailing P/E ratio of 58.2x. Average trailing P/E is 37x in the Hospitality industry in India. Total returns to shareholders of 251% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹28.20, the stock trades at a trailing P/E ratio of 76.7x. Average trailing P/E is 41x in the Hospitality industry in India. Total returns to shareholders of 309% over the past three years. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹0.14 (vs ₹0.05 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.14 (up from ₹0.05 in 3Q 2023). Revenue: ₹582.5m (up 28% from 3Q 2023). Net income: ₹95.3m (up 209% from 3Q 2023). Profit margin: 16% (up from 6.8% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 82% per year whereas the company’s share price has increased by 80% per year. Announcement • Jan 30
HLV Limited to Report Q3, 2024 Results on Feb 12, 2024 HLV Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Buy Or Sell Opportunity • Jan 19
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to ₹29.40. The fair value is estimated to be ₹24.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹0.03 (vs ₹0.05 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹0.03 (up from ₹0.05 loss in 2Q 2023). Revenue: ₹431.5m (up 22% from 2Q 2023). Net income: ₹20.2m (up ₹55.9m from 2Q 2023). Profit margin: 4.7% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 67% per year whereas the company’s share price has increased by 70% per year. New Risk • Aug 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 64% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹0.03 (vs ₹0.04 loss in 1Q 2023) First quarter 2024 results: EPS: ₹0.03 (up from ₹0.04 loss in 1Q 2023). Revenue: ₹426.2m (up 6.7% from 1Q 2023). Net income: ₹19.0m (up ₹45.7m from 1Q 2023). Profit margin: 4.5% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Aug 01
HLV Limited to Report Q1, 2024 Results on Aug 10, 2023 HLV Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • Jul 14
Full year 2023 earnings released: EPS: ₹0.12 (vs ₹0.66 loss in FY 2022) Full year 2023 results: EPS: ₹0.12 (up from ₹0.66 loss in FY 2022). Revenue: ₹1.73b (up 137% from FY 2022). Net income: ₹76.5m (up ₹501.6m from FY 2022). Profit margin: 4.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 12
HLV Limited, Annual General Meeting, Aug 03, 2023 HLV Limited, Annual General Meeting, Aug 03, 2023, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereon; to appoint a Director in place of Mrs. Salini Madhu Nair, who retires by rotation and being eligible, offers herself for re-appointment; to consider appointment of Ms. Niranjana Unnikrishnan as an Independent Director; to consider re-appointment of Ms. Saija Ramchandran Nair as an Independent Director for the second term Change in place of keeping registers and records of the Company; and to consider ratification of related party transactions with Leela Lace Holdings Private Limited, a promoter Group Company. Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹0.12 (vs ₹0.66 loss in FY 2022) Full year 2023 results: EPS: ₹0.12 (up from ₹0.66 loss in FY 2022). Revenue: ₹1.83b (up 151% from FY 2022). Net income: ₹76.5m (up ₹501.6m from FY 2022). Profit margin: 4.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year. Announcement • May 20
HLV Limited to Report Q4, 2023 Results on May 29, 2023 HLV Limited announced that they will report Q4, 2023 results on May 29, 2023 Announcement • May 05
HLV Limited Appoints Niranjana Unnikrishnan as Additional Director HLV Limited announced that on the recommendation of Nomination and Remuneration Committee, the Board of Directors, vide their Circular Resolution, on 4th May, 2023, have approved the appointment of Ms. Niranjana Unnikrishnan (DIN: 10140976) as an Additional Director in the category of Independent Director of the Company for a term of five years with effect from 8th May, 2023 subject to the approval of shareholders. Brief profile: Ms. Niranjana Unnikrishnan, is B.A. (Honours) in History from St. Stephens' College, University of Delhi and LLB (Honours) from University of Bristol, United Kingdom. She, aged 42 years, has more than 17 years of rich and varied experience in the field of Media and Entertainment law as an in house counsel and independent practitioner. Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: ₹0.05 (vs ₹0.20 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹0.05 (up from ₹0.20 loss in 3Q 2022). Revenue: ₹454.9m (up 80% from 3Q 2022). Net income: ₹30.8m (up ₹161.9m from 3Q 2022). Profit margin: 6.8% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 26
HLV Limited to Report Q3, 2023 Results on Feb 06, 2023 HLV Limited announced that they will report Q3, 2023 results on Feb 06, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: ₹0.05 loss per share (vs ₹0.02 loss in 2Q 2022) Second quarter 2023 results: ₹0.05 loss per share (further deteriorated from ₹0.02 loss in 2Q 2022). Revenue: ₹367.6m (up 122% from 2Q 2022). Net loss: ₹35.7m (loss widened 135% from 2Q 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. MD & Chairman Vivek Nair was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: ₹0.05 loss per share (vs ₹0.02 loss in 2Q 2022) Second quarter 2023 results: ₹0.05 loss per share (further deteriorated from ₹0.02 loss in 2Q 2022). Revenue: ₹367.6m (up 122% from 2Q 2022). Net loss: ₹35.7m (loss widened 135% from 2Q 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Board Change • Nov 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. MD & Chairman Vivek Nair was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 03
Full year 2022 earnings released: ₹0.66 loss per share (vs ₹0.57 loss in FY 2021) Full year 2022 results: ₹0.66 loss per share (down from ₹0.57 loss in FY 2021). Revenue: ₹730.0m (up 90% from FY 2021). Net loss: ₹425.1m (loss widened 18% from FY 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 29
Full year 2022 earnings released: ₹0.66 loss per share (vs ₹0.57 loss in FY 2021) Full year 2022 results: ₹0.66 loss per share (down from ₹0.57 loss in FY 2021). Revenue: ₹763.2m (up 90% from FY 2021). Net loss: ₹425.1m (loss widened 18% from FY 2021). Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: ₹0.20 loss per share (down from ₹0.18 loss in 3Q 2021). Revenue: ₹252.7m (up 264% from 3Q 2021). Net loss: ₹131.1m (loss widened 17% from 3Q 2021). Revenue missed analyst estimates by 3.0%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Second quarter 2022 earnings released: ₹0.02 loss per share (vs ₹0.19 loss in 2Q 2021) Second quarter 2022 results: Net loss: ₹15.2m (loss narrowed 88% from 2Q 2021). Reported Earnings • Jul 27
Full year 2021 earnings released: ₹0.57 loss per share (vs ₹0.32 loss in FY 2020) Full year 2021 results: Net loss: ₹359.3m (loss widened 78% from FY 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 21
Full year 2021 earnings released: ₹0.57 loss per share (vs ₹0.32 loss in FY 2020) Full year 2021 results: Net loss: ₹359.3m (loss widened 78% from FY 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 14
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: ₹84.3m (down 78% from 3Q 2020). Net loss: ₹112.0m (loss narrowed 31% from 3Q 2020). Is New 90 Day High Low • Jan 04
New 90-day high: ₹5.50 The company is up 10.0% from its price of ₹5.00 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 21% over the same period.