Hilltone Software & Gases
Chemicals
544308 BSE
₹40.48 −0.25 (−0.61%)
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹40.48 −31.40 −43.7% 1Y
Start ₹71.88
Key Fundamentals
MicrocapChemicals & PetrochemicalsChemicalsPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 0.79%
- Debt to Equity
- 0.08
- EPS (TTM)
- −₹0.60
- Book Value
- ₹17.68
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 2.29
- ROE
- 0.76%
- Dividend Yield
- 0.00%
- EBITDA
- ₹90.00 L
- 52W High
- ₹93.00
- 52W Low
- ₹32.85
- Day Range
- ₹38.30 – ₹42.50
- Volume
- 640
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
44 Weak
Data confidence 91/100
Category scores
- Quality
- 35
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 28
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 98
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 57
- Good
- Solvency, leverage, coverage 9% weight
- Momentum
- 37
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
4- Company has low interest coverage ratio.
- Promoter holding is low: 10.7%
- Company has a low return on equity of 1.17% over last 3 years.
- Working capital days have increased from 61.4 days to 107 days
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 4 | 6 | 9 |
| Oscillators | Bullish | 0 | 6 | 3 |
| Moving Averages | Strong Bullish | 4 | 0 | 6 |
Oscillators
Bullish
Bearish
0
Neutral
6
Bullish
3
Overall
Bullish
Bearish
4
Neutral
6
Bullish
9
Moving Averages
Strong Bullish
Bearish
4
Neutral
0
Bullish
6
Key readings
- RSI (14)
- 54.93
- Neutral
- MACD (12,26,9)
- 0.54
- Bullish
- SMA (50)
- 38.84
- Bullish
- SMA (200)
- 46.24
- Bearish
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 5Y | +20.62% |
|---|---|
| 3Y | +38.45% |
| 1Y | +95.36% |
| TTM | +78.09% |
Net profit
| 5Y | +3.13% |
|---|---|
| 3Y | −42.33% |
| 1Y | Turned to profit |
| TTM | Loss widened by ₹0.23 Cr |
Operating cash flow
| 5Y | Turned negative |
|---|---|
| 3Y | Turned negative |
| 1Y | Turned negative |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 5Y | −1.16 pp |
|---|---|
| 3Y | −14.63 pp |
| 1Y | +4.83 pp |
| TTM | +1.97 pp |
Revenue by year
| Mar 2018 | ₹3.31 Cr |
|---|---|
| Mar 2019 | ₹3.87 Cr |
| Mar 2020 | ₹4.08 Cr |
| Mar 2021 | ₹5.77 Cr |
| Mar 2022 | ₹6.50 Cr |
| Mar 2023 | ₹5.55 Cr |
| Mar 2024 | ₹6.85 Cr |
| Mar 2025 | ₹7.54 Cr |
| Mar 2026 | ₹14.73 Cr |
Net profit by year
| Mar 2018 | ₹0.16 Cr |
|---|---|
| Mar 2019 | ₹0.07 Cr |
| Mar 2020 | ₹0.05 Cr |
| Mar 2021 | ₹0.12 Cr |
| Mar 2022 | ₹0.17 Cr |
| Mar 2023 | ₹0.73 Cr |
| Mar 2024 | ₹0.51 Cr |
| Mar 2025 | −₹0.16 Cr |
| Mar 2026 | ₹0.14 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.53 | 1.69 | 1.52 | 2.25 | 2.02 | 2.09 | 1.4 | 2.02 | 2.34 | 3.45 | 6.64 | 2.31 | 1.58 |
| Expenses | 1.43 | 1.51 | 1.35 | 2.29 | 1.97 | 2.04 | 1.5 | 2.23 | 2.6 | 3.97 | 5.45 | 2.56 | 2.65 |
| Operating Profit | 0.1 | 0.18 | 0.17 | −0.04 | 0.05 | 0.05 | −0.1 | −0.21 | −0.26 | −0.52 | 1.19 | −0.25 | −1.07 |
| OPM % | 6.54% | 10.65% | 11.18% | −1.78% | 2.48% | 2.39% | −7.14% | −10.4% | −11.11% | −15.07% | 17.92% | −10.82% | −67.72% |
| Other Income | 0 | 0.04 | 0 | 0.31 | 0.13 | 0.16 | 0.26 | 0.17 | 0.15 | 0.11 | 0.11 | 0.17 | 0.17 |
| Interest | 0.03 | 0.03 | 0.01 | 0.03 | 0.03 | 0.02 | 0.02 | 0.04 | 0.07 | 0.04 | 0.02 | 0.19 | 0.02 |
| Depreciation | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.15 | 0.16 | 0.18 | 0.21 | 0.22 |
| PBT | 0.04 | 0.16 | 0.12 | 0.2 | 0.11 | 0.15 | 0.1 | −0.12 | −0.33 | −0.61 | 1.1 | −0.48 | −1.14 |
| Tax % | 0% | 43.75% | −75% | 20% | 9.09% | 20% | 10% | 283.33% | −45.45% | 0% | 10% | −43.75% | −31.58% |
| Net Profit | 0.04 | 0.09 | 0.21 | 0.16 | 0.1 | 0.11 | 0.1 | −0.47 | −0.18 | −0.61 | 0.99 | −0.27 | −0.78 |
| EPS (₹) | — | — | — | — | — | 0.1 | 0.09 | −0.43 | −0.16 | −0.56 | 0.75 | −0.2 | −0.59 |
Profit & Loss
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.31 | 3.87 | 4.08 | 5.77 | 6.5 | 5.55 | 6.85 | 7.54 | 14.73 | 13.98 |
| Expenses | 3.34 | 3.84 | 4 | 5.57 | 6.24 | 4.61 | 6.42 | 7.73 | 14.39 | 14.63 |
| Operating Profit | −0.03 | 0.03 | 0.08 | 0.2 | 0.26 | 0.94 | 0.43 | −0.19 | 0.34 | −0.65 |
| OPM % | −0.91% | 0.78% | 1.96% | 3.47% | 4% | 16.94% | 6.28% | −2.52% | 2.31% | −4.65% |
| Other Income | 0.26 | 0.11 | 0.11 | 0.16 | 0.13 | 0.13 | 0.48 | 0.7 | 0.52 | 0.56 |
| Interest | 0.03 | 0.05 | 0.07 | 0.15 | 0.12 | 0.11 | 0.15 | 0.11 | 0.26 | 0.27 |
| Depreciation | 0.04 | 0.02 | 0.08 | 0.08 | 0.11 | 0.09 | 0.14 | 0.16 | 0.7 | 0.77 |
| PBT | 0.16 | 0.07 | 0.04 | 0.13 | 0.16 | 0.87 | 0.62 | 0.24 | −0.1 | −1.13 |
| Tax % | 0% | 0% | −25% | −7.69% | 0% | 16.09% | 19.35% | 162.5% | −240% | — |
| Net Profit | 0.16 | 0.07 | 0.05 | 0.12 | 0.17 | 0.73 | 0.51 | −0.16 | 0.14 | −0.67 |
| EPS (₹) | — | — | — | — | — | — | — | −0.15 | 0.11 | −0.6 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 10.93 | 10.93 | 13.18 |
| Reserves | 0.07 | 0.14 | 0.19 | 0.31 | 0.48 | 1.21 | 2.89 | 2.73 | 10.12 |
| Borrowings | 0.28 | 0.52 | 1.04 | 0.97 | 0.96 | 0.82 | 0.8 | 1.68 | 1.9 |
| Other Liabilities | 0.52 | 0.79 | 0.82 | 1.02 | 0.82 | 1.22 | 1.22 | 2.17 | 1.65 |
| Total Liabilities | 4.87 | 5.45 | 6.05 | 6.3 | 6.26 | 7.25 | 15.84 | 17.51 | 26.85 |
| Fixed Assets | 2.2 | 2.44 | 2.66 | 2.7 | 2.83 | 2.84 | 3.99 | 5.49 | 9.89 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.42 | 0.61 |
| Investments | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0 | 0 |
| Other Assets | 2.66 | 3 | 3.37 | 3.58 | 3.41 | 4.39 | 11.83 | 10.6 | 16.35 |
| Total Assets | 4.87 | 5.45 | 6.05 | 6.3 | 6.26 | 7.25 | 15.84 | 17.51 | 26.85 |
Cash Flow
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | — | 0.19 | −0.36 | 0.26 | 0.21 | 0.58 | −7.18 | 0.76 | −4.25 |
| Investing | — | −0.13 | −0.17 | −0.01 | −0.12 | 0.02 | −0.82 | 0.58 | −3 |
| Financing | — | −0.05 | 0.41 | −0.18 | −0.14 | −0.27 | 8.1 | −0.23 | 9.29 |
| Net Cash Flow | — | 0.02 | −0.12 | 0.07 | −0.04 | 0.32 | 0.1 | 1.11 | 2.04 |
| Free Cash Flow | — | −0.06 | −0.66 | 0.13 | −0.02 | 0.49 | −8.47 | −1.04 | −8.54 |
| CFO/EBITDA | — | 633 | −450 | 135 | 100 | 62 | −1,609 | −489 | −1,247 |
Ratios
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 83.81 | 90.54 | 89.46 | 75.91 | 69.63 | 107 | 80.99 | 53.25 | 62.94 |
| Inventory Days | 56.39 | 52.72 | 68.44 | 33.33 | 8.88 | 33.37 | 34.01 | 40.25 | 96.11 |
| Days Payable | 53.26 | 83.81 | 78.58 | 56.9 | 39.57 | 72.8 | 65.53 | 65.5 | 22.96 |
| Cash Conversion Cycle | 86.94 | 59.45 | 79.32 | 52.34 | 38.94 | 67.11 | 49.47 | 28.01 | 136 |
| Working Capital Days | 56.24 | 25.47 | 60.83 | 34.16 | 27.52 | 46.04 | 46.89 | 30.5 | 107 |
| ROCE % | — | 2.66% | 2.22% | 5.52% | 5.22% | 17.09% | 7.46% | 2.34% | 0.79% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Hilltone Software & Gases insights
56 extracted metrics across FY18–FY27.
Documents
- 24 Dec 2025
- 10 Dec 2025
- General announcements 22 Oct 2026
Frequently Asked Questions about Hilltone Software & Gases
What does Hilltone Software & Gases Ltd do?
Incorporated in 1993, Hilltone Software and Gases Ltd is in the business of trading of Industrial and Medical Oxygen gases and other allied gases. It is also in the Software business
Where is Hilltone Software & Gases Ltd (HILLTONE) listed?
Hilltone Software & Gases Ltd trades under code 544308 on the BSE.
Which sector does Hilltone Software & Gases Ltd belong to?
Hilltone Software & Gases Ltd is classified under the Chemicals sector, in the Industrial Gases industry.
What is the 52-week high and low of Hilltone Software & Gases Ltd?
Over the last 52 weeks Hilltone Software & Gases Ltd has traded between ₹32.85 and ₹93 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Hilltone Software & Gases Ltd?
Hilltone Software & Gases Ltd reported a return on equity of 0.76%. Its debt-to-equity ratio is 0.08.
Company Information
Incorporated in 1993, Hilltone Software and Gases Ltd is in the business of trading of Industrial and Medical Oxygen gases and other allied gases. It is also in the Software business
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