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Hilltone Software & Gases

544308 BSE
₹39.00 1.50 (3.70%)
Market Cap
₹51.39 Cr

Hilltone Software & Gases (HILLTONE) share price was ₹39.00 at the 28 Oct 2026 close; market capitalisation ₹51.39 Cr; sector Chemicals. The share price fell 39.7% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 32.5% year on year to ₹1.58 Cr and net profit was −₹0.78 Cr, against −₹0.18 Cr a year earlier (compared with Jun 2025). Promoters held 10.68% of Hilltone Software & Gases in Sep 2026, up 0.01 percentage points from Jun 2026. Its Tapetide Score is 44/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹39.00 −25.65 −39.68% 1Y

Key Fundamentals

MicrocapChemicals & PetrochemicalsChemicals
Market Cap
₹51.39 Cr
EBITDA
₹90.00 L
Return on Equity
0.58%
Debt to Equity
0.08
Book Value
₹17.68
EPS (TTM)
−₹0.60
52W High
₹93.00
52W Low
₹32.85

Price-based figures as of 28 Oct 2026, 16:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Commodities › Chemicals › Industrial Gases

Linde
₹5,724.5088.9648,821 Cr11.440.21%12.87%16.30%2,729 Cr549 Cr
Ellenbarrie Industrial Gases
₹318.5537.214,490 Cr4.590.00%10.68%13.02%417 Cr121 Cr
Stallion India Fluorochemicals
₹190.4042.502,210 Cr3.250.00%6.44%8.79%448 Cr52 Cr
Hilltone Software & Gases (this company)
₹39.00—51 Cr2.210.00%0.58%0.59%15 Cr-1 Cr
National Oxygen
₹55.1616.3728 Cr—0.00%-30.08%17.90%28 Cr2 Cr
Steamhouse India
₹144.06————————
Median 6 companies₹167.2339.862,210 Cr3.920.00%6.44%13.02%417 Cr52 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100. How it works →

As of 2026-10-28
v2.0.0
44 Weak
Overall score
Data confidence 91/100

Category scores

Quality Poor 35
Returns, margins, earnings quality 22%
Valuation Poor 28
Cheap vs sector & own history 24%
Growth Strong 98
Sales & profit trajectory 9%
Financial Health Good 57
Solvency, leverage, coverage 9%
Momentum Poor 29
Trend strength, vol-adjusted 12%
Ownership Average 50
FII/DII/promoter flows 24%

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

Oscillators

BearishNeutralBullish

Bullish

Bearish
0
Neutral
6
Bullish
3

Overall

BearishNeutralBullish

Bearish

Bearish
7
Neutral
6
Bullish
6

Moving Averages

BearishNeutralBullish

Bearish

Bearish
7
Neutral
0
Bullish
3

Growth Rate

Revenue Growth
85.37% higher than 3Y

change over 1 year

Net Income Growth
-150% lower than 3Y

change over 1 year

Cash Flow Change
-659%

change over 1 year

EBITDA Margin Change
-9.11%

change over 1 year Operating margin -67.72% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Hilltone Software & Gases insights

56 extracted metrics + investor summaries across FY18–FY27.

Shareholding Pattern

FIIs4.38%Public56.50%Promot.10.68%Others28.45%As ofSep 2026

Documents

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[1]
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 market capitalisation of Hilltone Software & Gases Ltd?
Hilltone Software & Gases Ltd has a market capitalisation of ₹51.39 Cr as of 28 Oct 2026, which places it in the Small Cap band.
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 28 Oct 2026.
What is the Return on Equity (ROE) of Hilltone Software & Gases Ltd?
Hilltone Software & Gases Ltd reported a return on equity of 0.58%. 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[1]

Website hilltonegases.com
Listed 2024-12-30
Face Value ₹ 10
Shares Outstanding 1,31,77,083

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