Hilltone software & Gases Limited

Hilltone software & Gases Limited

BBSE:HILLTONE
38.50
INR
-1.00
(-2.53%)
-0.54EPS
579.69MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
3.48
3.67
5.22
5.88
5.02
6.15
6.9
10.79
11.08
Basic EPS, GAAP
0.06
0.04
0.11
0.15
0.67
0.46
-0.14
0.1
-0.53
Free Cash Flow per Basic Share
-0.06
-0.6
0.1
-0.02
0.4
-7.75
-0.97
-6.48
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
3.79
3.83
3.95
4.1
4.77
12.64
12.5
17.68
- -
Tangible Book Value per Share
3.79
3.83
3.95
4.1
4.76
12.62
12.48
17.61
- -
Basic Weighted Avg Shares
11
11
11
11
11
11
11
13
13
Sales/Revenue/Turnover
38
40
57
64
55
67
75
142
140
Operating Margin (%)
-1.69
-0.13
1.27
1.84
14.71
4.47
-3.71
-1.88
-10.12
Depreciation Expense
- -
1
1
1
1
1
2
7
8
Net Income, GAAP
1
- -
1
2
7
5
-2
1
-7
Effective Tax Rate (%)
- -
- -
- -
- -
16.05
18.73
166.06
- -
- -
Profit Margin (%)
1.74
1.2
2.18
2.58
13.34
7.53
-2.08
0.96
-4.79
Working Capital
4
7
6
6
11
13
22
79
- -
LT Debt
- -
5
4
4
3
4
13
14
- -
Total Equity
41
42
43
45
52
138
137
233
- -
Return on Invested Capital (%)
- -
- -
- -
- -
11.71
2.35
1.24
- -
- -
Return on Capital (%)
- -
- -
- -
- -
14.41
6.07
-1.51
- -
- -
Return on Common Equity (%)
- -
1.16
2.93
3.78
15.11
5.32
-1.14
0.74
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
5
- -
LT Borrowings
- -
4
- -
LT Finance Leases
- -
9
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
13
13
Market Capitalization
1,184
635
580

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
96
- -
Cash, Cash Equivalents & STI
- -
36
- -
Accounts Receivable, Net
- -
25
- -
Inventories
- -
25
- -
Total Current Liabilities
- -
16
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
5
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
50.94%
70.51%
Free Cash Flow
- -
-731.32%
703.63%
Net Income, GAAP
- -
5.16%
-186.69%
Sales/Revenue/Turnover
- -
24.25%
88.64%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
20
21
14
20
75
2026
23
35
66
23
142
2027
16
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.09
0.11
0.09
-0.43
-0.14
2026
-0.16
-0.56
0.75
-0.2
0.1
2027
-0.59
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Sector
Process industries
Industry
Chemicals: specialty
Address
Mehsana India
Business
Hilltone Software & Gases Limited is an India-based diversified commercial enterprise engaged in the manufacturing, processing, and distribution of industrial, medical, and specialty gases, alongside the provision of information technology consulting and eco-energy solutions. Founded in 1993 and headquartered in Mehsana, Gujarat, India, the company operates through three principal business segments: Industrial and Medical Gases, Eco-Energy Solutions, and Software and Technology Services. In its core gas manufacturing division, the company produces and supplies a comprehensive portfolio of compressed and atmospheric gases, including medical-grade and industrial oxygen, nitrogen, carbon dioxide, argon, balloon-grade helium, hydrogen, dissolved acetylene, ammonia, and nitrous oxide; cryogenic liquid gases, including liquid oxygen, liquid nitrogen, and liquid carbon dioxide; customized specialty gas mixtures and precision calibration gases; and gas handling and storage equipment, including high-pressure gas cylinders, cylinder skids, cryogenic liquid containers, and fire safety systems. Through its eco-energy segment, the company develops and installs solar energy systems under capital expenditure and operational expenditure models; manufactures energy-saving devices; and provides engineered solutions for combined heat and power generation, waste-to-energy conversion, and industrial cooling and refrigeration. Through its software division, the company offers enterprise digital transformation services; Chief Information Officer advisory services; enterprise architecture design; business process optimization; and specialized software implementation and consulting. The company serves public and private hospitals, healthcare facilities, research laboratories, fabrication plants, and commercial enterprises across India, supported by production facilities in Gujarat and international technology touchpoints. In recent developments, Hilltone Software & Gases has expanded its operational footprint through the commissioning of additional gas manufacturing capacity, secured new supply contracts, advanced strategic technology initiatives including an in-principle investment in Rzolut Technologies to scale its digital services vertical, and restructured its executive leadership and board governance to support ongoing industrial and energy transition expansions.