1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Travel Lodging
HLV Limited

HLV Limited

HLVLTD.NS
HLV LimitedIN flagNational Stock Exchange of India
7.58
INR
-0.07
- -
5.00BMarket Cap
HLV Limited
HLVLTD.NS
(National Stock Exchange of India)

Recent

price

7.58

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
12.09
14.74
16.1
16.51
13.86
14.16
14.96
2.56
2.45
2.31
0.3
1.13
2.62
3.02
3.11
2.9
2.97
Revenue per Share
0.99
0.48
-10.82
-10.15
-9.06
-3.86
-0.33
-0.43
-1.89
3.07
-0.57
-0.66
0.12
0.36
0.4
0.03
0.03
Basic EPS, GAAP
-21.1
-12.1
-3.1
2.34
5.03
3.1
4.48
3.57
3.32
1.69
-0.46
-0.75
0.54
0.36
0.35
0.08
- -
Free Cash Flow per Basic Share
0.23
0.17
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
12.01
10.42
-0.58
-10.53
-19.6
-17.27
-10.67
-9.08
-9.63
-6.56
-7.13
-7.52
-7.26
-6.9
-6.56
1.9
1.95
Book Value per Share
53.58
39.62
29.15
18.73
8.1
2.29
2.03
6.49
4.2
7.25
6.69
6.37
6.35
6.72
7.16
6.78
6.96
Tangible Book Value per Share
384
388
400
435
459
467
467
538
631
631
631
647
659
659
653
693
676
Basic Weighted Avg Shares
4,640
5,718
6,447
7,184
6,365
6,609
6,980
1,378
1,543
1,457
189
730
1,729
1,991
2,033
2,009
2,009
Sales/Revenue/Turnover
15.3
-14.14
-3.59
-4.3
-20.69
-11.99
5.72
-16.31
-6.88
-32.11
-246.04
-43.81
3.01
8.74
6.12
-2.54
-2.54
Operating Margin (%)
684
1,044
1,387
1,807
2,401
2,399
1,411
133
96
119
135
128
111
144
156
194
194
Depreciation Expense
378
186
-4,335
-4,415
-4,158
-1,802
-155
-232
-1,189
1,935
-359
-425
76
238
261
21
21
Net Income, GAAP
48.98
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
11.16
- -
- -
- -
- -
Effective Tax Rate (%)
8.15
3.26
-67.24
-61.45
-65.34
-27.26
-2.21
-16.84
-77.05
132.83
-189.88
-58.23
4.42
11.96
12.85
1.04
1.04
Profit Margin (%)
-2,431
-6,361
-20,329
-25,228
156
-2,815
-4,538
-8,836
4,352
-582
-307
442
-44
876
1,005
1,042
1,042
Working Capital
34,862
35,557
27,143
25,789
49,949
42,383
39,348
30,731
7,105
185
216
447
239
195
241
231
231
LT Debt
21,027
15,905
12,224
8,698
4,178
1,481
1,309
3,842
2,655
4,574
4,217
4,122
4,188
4,434
4,679
4,710
4,710
Total Equity
0.69
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.02
3.77
2.54
-1.01
-1.01
Return on Invested Capital (%)
1.47
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-2.66
-6.04
-7.02
-4.73
-4.73
Return on Capital (%)
3.01
4.31
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5.78
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
165
- -
122
LT Borrowings
43
- -
35
LT Finance Leases
172
- -
196
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
659
- -
659
Market Capitalization
7,638
6,167
3,867

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
2,080
- -
2,425
Cash, Cash Equivalents & STI
1,380
- -
1,528
Accounts Receivable, Net
75
- -
88
Inventories
76
- -
84
Total Current Liabilities
1,360
- -
1,383
Payables & Accruals
- -
- -
- -
ST Debt
165
- -
122
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.68%
2.28%
0.68%
Free Cash Flow
-35.14%
-44.04%
-76.95%
Net Income, GAAP
1.91%
5.87%
-92.04%
Sales/Revenue/Turnover
28.35%
87.75%
-1.18%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
426
414
554
597
1,991
2025
430
434
577
593
2,033
2026
407
358
609
634
2,009

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.14
- -
0.36
2025
0.02
0.05
0.16
0.16
0.4
2026
-0.05
-0.15
0.1
0.13
0.03

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
HLV Limited engages primarily in owning, operating, and managing luxury hotels, palaces, and resorts across India. Its main product offerings include premium five-star hotel accommodations; full-service hospitality including spas, salons, restaurants, wedding banquet halls, fitness facilities, swimming pools, courtyards, casinos, and conference/meeting rooms. The company operates flagship properties such as The Leela Mumbai and has a portfolio of prestigious hotels including The Leela Palace in Goa, Bangalore, Chennai, and Kovalam. HLV Limited provides hospitality services to both leisure and business travelers, catering to a high-end market segment with a focus on luxury experiences. HLV Limited was incorporated in 1981 and is headquartered in Mumbai, India. The company changed its name from Hotel Leelaventure Limited to HLV Limited in December 2019, reflecting a refreshed corporate identity. Recent strategic developments include a global alliance with Global Hotel Alliance to offer The Leela DISCOVERY loyalty program to customers, and an international sales and marketing alliance with the Preferred Hotels & Resorts group, enhancing its global distribution network and exposure to multinational corporate clients and travel companies. In 2025, the company announced leadership changes with the appointment of a new Company Secretary and ongoing settlement discussions regarding lease rent liabilities for its Mumbai property. The company targets upscale domestic and international travelers, operating mainly in India’s key luxury hospitality markets, including Mumbai, Goa, Bangalore, Chennai, Kerala, and upcoming projects such as a new backwater resort near Ashtamudi. HLV Limited supports corporate events, MICE (Meetings, Incentives, Conferences, and Exhibitions) activities, and wedding segments, which significantly contribute to its food and beverage revenue streams. The company employs 447 people and continues to invest in property renovations and expanding its hotel and resort offerings to maintain its market position in the Indian luxury hotel industry. HLV Limited leverages its alliances and premium properties to serve discerning travelers seeking distinctive luxury hospitality experiences across India, combining heritage, contemporary design, and comprehensive amenities to maintain competitive advantage in the consumer discretionary lodging sector. Its latest operational focus is on strengthening global marketing partnerships and structured corporate governance as it navigates complex lease negotiations and market conditions. HLV Limited operates solely in the hospitality industry within India and maintains a significant presence through its iconic brand The Leela. The company’s comprehensive service range, strategic alliances, and ongoing property developments position it strongly among India’s leading luxury hotel operators.