HLV Limited (HLVLTD) AI Stock Analysis

• Market Cap: ₹5.52B
• Dividend Yield: N/A
• Average Volume (3M): 40.23K
• Price to Earnings (P/E): 70.8
• Beta (1Y): 1.17
• Revenue Growth: -3.91%
• EPS Growth: -69.51%
• Country: IN
• Employees: 447
• Sector: Services
• Sector Strength: N/A
• Industry: Travel Lodging
• EPS (TTM): -0.15
• Shares Outstanding: 659,259,900
• 10 Day Avg. Volume: 35,910
• 30 Day Avg. Volume: 40,226
• PEG Ratio: 2.85
• Price to Book (P/B): 1.77
• Price to Sales (P/S): 4.06
• P/FCF Ratio: 36.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: ₹8.50 ▼(-10.99% Downside)

HLV Limited's strong financial performance is overshadowed by technical indicators suggesting bearish momentum and a high P/E ratio indicating overvaluation. The lack of dividend yield further detracts from its appeal. The stock's current technical weakness is the most significant factor affecting its overall score.

Positive Factors

Low Leverage / Strong Balance Sheet

Very low leverage provides durable financial flexibility to endure hospitality cyclicality and fund capital needs without heavy refinancing. A strong equity base reduces interest burden, supports creditworthiness, and preserves cash for strategic investments or asset upkeep over months.

Strong Cash Conversion

High conversion of earnings into operating and free cash indicates disciplined working-capital management and reliable cash generation from core operations. This sustained cashability supports reinvestment, maintenance capex, and debt service without recurring external financing over the medium term.

Healthy Margins and Recent Revenue Increase

High gross and solid net margins alongside recent revenue expansion suggest efficient cost structure and pricing power in its hospitality-related assets. Durable margin levels improve resilience to demand swings and support sustainable profitability and internal funding for asset reinvestment.

Negative Factors

Negative Reported Revenue Trend

A negative revenue growth metric signals potential softness or volatility in top-line performance that could persist. Over several months a shrinking or inconsistent revenue base can weaken operating leverage, limit margin expansion, and constrain long-term reinvestment plans.

Declining Free Cash Flow Growth

A declining free cash flow growth rate, even with solid conversion ratios, implies diminishing incremental cash generation. Over time this reduces capacity for refurbishments, strategic capex, or opportunistic acquisitions in the hospitality portfolio, limiting growth and resilience.

Modest Return on Equity

ROE around 5.6% indicates modest effectiveness in converting equity into profit relative to capital intensity of the industry. Persistently low ROE can limit shareholder value creation unless management materially improves asset turnover, margins, or pursues higher-return capital deployment.

HLV Limited Business Overview & Revenue Model

Company Description

HLV Limited owns and operates hotel in Mumbai. It operates The Leela hotel with 394 guest rooms. The company was formerly known as Hotel Leelaventure Limited and changed its name to HLV Limited in December 2019. HLV Limited was incorporated in 1981 and is based in Mumbai, India.

How the Company Makes Money

HLV Limited generates revenue primarily through a multi-faceted business model that includes software licensing, subscription services, and consulting fees. The company earns significant income from licensing its proprietary software to businesses, allowing them to leverage advanced features for operational improvement. Additionally, HLVLTD offers subscription-based services that provide ongoing access to its platforms, along with regular updates and customer support. Consulting services are another key revenue stream, where the company works closely with clients to implement tailored solutions and optimize their technological infrastructure. Furthermore, strategic partnerships with other tech firms enhance HLVLTD's market reach and create additional revenue opportunities through collaborative projects and joint ventures.

HLV Limited Financial Statement Overview

Summary

HLV Limited shows strong revenue growth, efficient operations, and stable financial health. The company has low leverage, high equity levels, and solid cash flow management. However, the decline in Free Cash Flow Growth Rate and relatively modest ROE highlight areas for potential improvement.

Income Statement

HLV Limited has demonstrated strong revenue growth with a significant increase in Total Revenue from ₹1.99 billion to ₹2.18 billion, marking a growth rate of 9.71%. The Gross Profit Margin stands at 65.95%, indicating efficient cost management. Additionally, the net profit margin is 11.96%, reflecting solid profitability. The company has improved its EBIT and EBITDA Margins to 11.59% and 19.77% respectively, showing enhanced operational efficiency.

Balance Sheet

The balance sheet of HLV Limited is robust, with a Debt-to-Equity Ratio of 0.09, indicating low leverage and a strong equity base. Return on Equity is at 5.58%, which is reasonable given the industry context. The Equity Ratio is 74.06%, demonstrating financial stability and a high proportion of equity financing. However, the relatively low ROE suggests room for improvement in generating returns from equity.

Cash Flow

HLV Limited shows strong cash flow management, with a Free Cash Flow to Net Income Ratio of 0.87, indicating substantial conversion of earnings to cash. The Operating Cash Flow to Net Income Ratio is 1.29, suggesting effective cash generation from operations. However, the Free Cash Flow Growth Rate is negative, reflecting a decrease from the previous period, which could be a potential area of concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.01B	2.03B	1.99B	1.73B	729.97M	189.21M
Gross Profit	1.27B	1.44B	1.25B	1.00B	349.40M	-52.54M
EBITDA	398.24M	431.84M	395.27M	238.17M	-276.39M	-211.10M
Net Income	210.30M	261.30M	238.03M	76.47M	-425.10M	-359.26M
Balance Sheet
Total Assets	0.00	6.32B	5.80B	5.66B	5.60B	5.96B
Cash, Cash Equivalents and Short-Term Investments	1.38B	1.38B	1.14B	492.93M	668.77M	33.16M
Total Debt	0.00	410.60M	343.80M	327.99M	476.37M	580.17M
Total Liabilities	-4.68B	1.64B	1.36B	1.47B	1.48B	1.75B
Stockholders Equity	4.68B	4.68B	4.43B	4.19B	4.12B	4.22B
Cash Flow
Free Cash Flow	0.00	227.33M	238.23M	353.98M	-486.20M	-291.45M
Operating Cash Flow	0.00	337.20M	238.23M	353.98M	-486.20M	-291.45M
Investing Cash Flow	0.00	221.55M	-326.44M	164.07M	223.11M	107.51M
Financing Cash Flow	0.00	11.81M	-24.86M	-411.40M	261.69M	35.31M

HLV Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HLVLTD, the sentiment is Negative. The current price of 9.55 is above the 20-day moving average (MA) of 8.81, above the 50-day MA of 9.17, and below the 200-day MA of 11.63, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 34.81 is Neutral, neither overbought nor oversold. The STOCH value of 32.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HLVLTD.

HLV Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VHLTD	74 Outperform	₹9.17B	48.84	―	―	-11.23%	-65.46%
ADVANIHOTR	72 Outperform	₹5.24B	22.20	―	3.31%	0.14%	7.90%
ASIANHOTNR	66 Neutral	₹5.91B	3.22	―	―	8.18%	―
ROHLTD	61 Neutral	₹9.84B	21.32	―	0.61%	10.77%	-4.40%
KAMATHOTEL	60 Neutral	₹6.46B	17.42	―	―	9.52%	-39.66%
HLVLTD	59 Neutral	₹5.52B	70.85	―	―	-3.91%	-69.51%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%