---
title: "Hella India Lighting Ltd (520026) — Share Price, Financials & Analysis"
symbol: "520026"
company: "Hella India Lighting Ltd"
canonical: "https://tapetide.com/stocks/520026"
isin: "INE431D01013"
bse_code: "520026"
generated_at: "2026-10-13T11:01:12.353Z"
---

# Hella India Lighting Ltd (520026)

Canonical page: https://tapetide.com/stocks/520026

## Company

- **BSE Code:** 520026
- **ISIN:** INE431D01013
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** hella.co.in

## About

Hella India Lighting Ltd. manufactures automotive lighting, switches, head lamps,  horns, sundry lamps, windscreen wiper arms, windscreen wiper blades  and signalling equipments.

## Latest Price

## Key Insights

### Strengths

- Company is expected to give good quarter
- Company has delivered good profit growth of 140% CAGR over last 5 years
- Company's working capital requirements have reduced from 20.3 days to 13.3 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 61% | 29% | 140% |
| revenue growth | 13% | 17% | 17% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 20.58 | 22.36 | 20.1 | 20.6 | 26.98 | 27.05 | 29.38 | 29.45 |
| Expenses | 22.94 | 23.66 | 22.14 | 20.76 | 25.39 | 26.12 | 27.65 | 27.95 |
| Operating Profit | -2.36 | -1.3 | -2.04 | -0.16 | 1.59 | 0.93 | 1.73 | 1.5 |
| OPM % | -11.47 | -5.81 | -10.15 | -0.78 | 5.89 | 3.44 | 5.89 | 5.09 |
| Other Income | 0.69 | 1.1 | 0.92 | 0.76 | 1.2 | 1.37 | 2.11 | 1.19 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0.07 | 0.33 | 0.33 |
| Depreciation | 0.37 | 0.4 | 0.39 | 0.58 | 0.77 | 1.14 | 1.22 | 0.86 |
| Profit before tax | -2.04 | -0.6 | -1.51 | 0.02 | 2.02 | 1.09 | 2.29 | 1.5 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -2.04 | -0.6 | -1.5 | 0.02 | 2.02 | 1.09 | 2.29 | 1.49 |
| EPS in Rs | -6.43 | -1.89 | -4.73 | 0.06 | 6.37 | 3.44 | 7.22 | 4.7 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 36 | 48 | 59 | 68 | 90 | 116 | 125 | 149 | 176 | 198 |
| Expenses | 37 | 86 | 64 | 73 | 92 | 111 | 118 | 137 | 165 | 183 |
| Operating Profit | -1 | -37 | -5 | -5 | -2 | 5 | 8 | 11 | 11 | 15 |
| OPM % | -2.1 | -77 | -9 | -8 | -2 | 4.5 | 6 | 8 | 6 | 8 |
| Other Income | 2 | 73 | 4 | 3 | 4 | 7 | 2 | 3 | 2 | 2 |
| Interest | 2 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 1 | 2 | 1 | 1 | 2 | 4 | 5 | 6 | 6 | 7 |
| Profit before tax | -2 | 33 | -3 | -4 | 0 | 7 | 3 | 7 | 5 | 7 |
| Tax % | 0 | 22 | 0 | 0 | 0 | 0 | 0 | -8 | 36 | 26 |
| Net Profit | -2 | 26 | -3 | -4 | 0 | 7 | 3 | 8 | 3 | 5 |
| EPS in Rs | -5.36 | 80.88 | -9.96 | -11.19 | -0.22 | 20.97 | 7.98 | 25.07 | 10.72 | 17.25 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | -8 | 18 | 15 | 11 | 11 | 18 | 20 | 28 | 37 | 42 |
| Borrowings | 25 | 11 | 11 | 11 | 24 | 29 | 24 | 20 | 14 | 45 |
| Other Liabilities | 16 | 15 | 15 | 25 | 45 | 24 | 29 | 35 | 51 | 60 |
| Total Liabilities | 36 | 48 | 44 | 51 | 84 | 75 | 77 | 87 | 105 | 151 |
| Fixed Assets | 9 | 7 | 4 | 7 | 13 | 30 | 28 | 29 | 34 | 41 |
| CWIP | 14 | 0 | 0 | 0 | 17 | 1 | 2 | 7 | 6 | 19 |
| Investments | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 13 | 40 | 39 | 43 | 54 | 44 | 47 | 52 | 66 | 91 |
| Total Assets | 36 | 48 | 44 | 51 | 84 | 75 | 77 | 87 | 105 | 151 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | -5 | -11 | 3 | -4 | 4 | 14 | 16 | 10 | 12 |
| Cash from Investing Activity | -1 | 42 | -2 | -12 | -9 | -8 | -6 | -9 | -12 | -20 |
| Cash from Financing Activity | -1 | -12 | -1 | 0 | 14 | 4 | -6 | -6 | 1 | 29 |
| Net Cash Flow | -1 | 25 | -15 | -9 | 0 | 0 | 1 | 1 | -1 | 21 |
| Free Cash Flow | 0 | 44 | -14 | -1 | -20 | -10 | 7 | 16 | -1 | -8 |
| CFO/OP | -106 | 13 | 207 | -56 | 211 | 81 | 176 | 135 | 133 | 90 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 48 | 53 | 58 | 87 | 80 | 73 | 73 | 67 | 65 | 63 |
| Inventory Days | 81 | 68 | 66 | 84 | 76 | 70 | 67 | 57 | 72 | 62 |
| Days Payable | 219 | 124 | 110 | 154 | 190 | 97 | 108 | 91 | 130 | 123 |
| Cash Conversion Cycle | -90 | -3 | 14 | 17 | -34 | 45 | 33 | 32 | 7 | 2 |
| Working Capital Days | -41 | -5 | 21 | 22 | -16 | 55 | 41 | 26 | 22 | 13 |
| ROCE % | 1 | -6 | -10 | -13 | 0 | 17 | 8 | 18 | 13 | 13 |

## Shareholding Pattern

### annual

| Category | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 68.8% | 68.8% | 35.42% | 35.3% | 35.29% | 24.43% |
| FIIs | 0% | 0% | 0.48% | 1.07% | 0.61% | 0.39% |
| DIIs | 0% | 0% | 0% | 0% | 5.51% | 8.64% |
| Public | 31.2% | 31.21% | 64.1% | 63.63% | 58.61% | 66.53% |
| No. of Shareholders | 180 | 167 | 717 | 4023 | 20245 | 21419 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 35.42% | 35.42% | 35.42% | 35.3% | 35.3% | 35.3% | 35.3% | 35.29% | 35.29% | 24.43% | 24.43% | 24.43% |
| FIIs | 0.48% | 0.89% | 0.88% | 0.44% | 1.07% | 0.23% | 0.62% | 0.6% | 0.61% | 0.42% | 0.48% | 0.39% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.01% | 5.51% | 8.8% | 8.79% | 8.64% |
| Public | 64.1% | 63.7% | 63.71% | 64.27% | 63.63% | 64.47% | 64.08% | 64.1% | 58.61% | 66.36% | 66.3% | 66.53% |
| No. of Shareholders | 717 | 923 | 1062 | 1871 | 4023 | 14975 | 14063 | 17875 | 20245 | 22357 | 21980 | 21419 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 6 / 7

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 404.72 | Sell |
| EMA (10) | 402.9 | Sell |
| SMA (20) | 423.29 | Sell |
| EMA (20) | 408.74 | Sell |
| SMA (50) | 398.4 | Buy |
| EMA (50) | 404.67 | Sell |
| SMA (100) | 398.5 | Buy |
| EMA (100) | 395.68 | Buy |
| SMA (200) | 370.43 | Buy |
| EMA (200) | 378.73 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.33 | Neutral |
| MACD (12,26,9) | -3.34 | Sell |
| Stochastic (14,3,3) | 16.01 | Buy |
| ADX (14) | 17.95 | Neutral |
| Williams %R (14) | -67.5 | Neutral |
| ATR (14) | 23.06 | High Volatility |
| ROC (12) | -7.91 | Sell |
| Stoch RSI (14) | 31.11 | Neutral |
| UO (7,14,28) | 48.4 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-09 | [Board Meeting Outcome for Outcome Of The Separate Meeting Of Independent Directors Of The Company Held On Monday, March 09Th, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1b2b0110-9dcc-49d2-a311-900b9c40f63c.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ce1893c-00ae-4e96-aa8a-7bcaf0c5420b.pdf) |
| 2026-02-12 | [Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company Along With Limited Review Report For The Quarter Ended 31St December, 2025,](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8723923a-2c4b-40e2-899a-5da60ad95600.pdf) |
| 2026-02-12 | [Non-Applicability Of Statement For Deviation(S) Or Variation (S) Under Regulation 32 Of The SEBI (LODR) Regulations, 2015.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/82a9b407-014b-4c9d-a6a5-2c84b052d21b.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/24b6dd98-c53f-446e-aeb6-0a49916a7105.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eeca068f-037e-4e93-a3c8-3e1db8a8a7be.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dfda9226-a443-472b-90c2-234008734c0c.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/befa9407-823a-420e-9ba8-c8fd0d8aa32e.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b8f1659-2863-4e4e-ab73-52eeb8d30cb4.pdf) |
| 2022 | [Financial Year 2022](https://archives.nseindia.com/annual_reports/SME_AR_21742_BTML_2021_2022_08092022195846_09082022200004.zip) |
| 2021 | [Financial Year 2021](https://archives.nseindia.com/annual_reports/SME_AR_19707_BTML_2020_2021_08092021145404_09082021150015.zip) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/520026/5200260313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/520026/5200260312.PDF) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/520026/5200260311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/520026/5200260310.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eeca068f-037e-4e93-a3c8-3e1db8a8a7be.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a8de8179-240c-4747-84e9-dd4b2219ada8.pdf) |
| Aug 2023 | [Concall - Aug 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03f5de09-e72e-4728-85d1-5127c6f24073.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/78816312-ed27-4f5b-8865-abff9d17bb98.pdf) |
| Dec 2022 | [Concall - Dec 2022](https://archives.nseindia.com/corporate/BTML_21122022130518_BTMLInvestorPPTFINAL.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:12.353Z.