HVAX Technologies
HVAX NSE
HVAX Technologies
ConstructionNSE: HVAX Civil Construction
Key Fundamentals
SMECivil ConstructionConstructionMarket Cap
₹186 Cr
Volatility
Moderate
P/E Ratio
12.3
EBITDA
₹24.20 Cr
Return on Equity
16.95%
Debt to Equity
0.46
Book Value
₹312.23
52W High
₹1,007
52W Low
₹585.2
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has delivered good profit growth of 31.3% CAGR over last 5 years
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.7.06 Cr.
- Company has high debtors of 193 days.
Growth Rate
Revenue Growth
30.14% higher than
3Y
Net Income Growth
33.64% lower than
3Y
Cash Flow Change
-764% lower than
3Y
ROE
10.5% lower than
3Y
ROCE
9.61% higher than
3Y
EBITDA Margin (Avg.)
-2.15% higher than
3Y
Quarterly Results
| Particulars | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 29 | 77 | 46 | 85 | 61 | 100 |
| Expenses | 26 | 67 | 39 | 73 | 54 | 89 |
| Operating Profit | 3 | 10 | 7 | 12 | 6 | 10 |
| OPM % | 10% | 13% | 15% | 14% | 11% | 10% |
| Other Income | 0 | 1 | 0 | 0 | 2 | 5 |
| Interest | 1 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 1 | 0 | 1 | 1 | 1 | 1 |
| PBT | 1 | 10 | 5 | 10 | 7 | 13 |
| Tax % | 25% | 25% | 27% | 26% | 26% | 26% |
| Net Profit | 1 | 7 | 4 | 7 | 5 | 9 |
| EPS in Rs | 17.34 | 109 | 18.73 | 26 | 17.72 | 33.78 |
Profit & Loss
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 44 | 61 | 68 | 96 | 106 | 131 | 160 |
| Expenses | 41 | 55 | 61 | 87 | 93 | 112 | 144 |
| Operating Profit | 3 | 5 | 7 | 9 | 13 | 19 | 16 |
| OPM % | 7% | 9% | 10% | 9% | 12% | 14% | 10% |
| Other Income | 1 | 1 | 1 | 0 | 1 | 0 | 7 |
| Interest | 1 | 1 | 1 | 1 | 2 | 2 | 3 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 2 | 1 |
| PBT | 3 | 5 | 6 | 7 | 11 | 15 | 19 |
| Tax % | 25% | 29% | 25% | 26% | 25% | 26% | 25% |
| Net Profit | 2 | 4 | 4 | 5 | 9 | 11 | 14 |
| EPS in Rs | 30.96 | 60.3 | 67.76 | 84.29 | 125 | 39.76 | 51.5 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.62 | 0.62 | 0.62 | 0.62 | 0.68 | 3 | 3 |
| Reserves | 5 | 7 | 11 | 17 | 30 | 69 | 84 |
| Borrowings | 11 | 7 | 10 | 17 | 24 | 28 | 40 |
| Other Liabilities | 11 | 22 | 32 | 44 | 8 | 22 | 25 |
| Total Liabilities | 28 | 37 | 54 | 78 | 64 | 122 | 151 |
| Fixed Assets | 7 | 10 | 8 | 7 | 9 | 8 | 7 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 0 | 1 | 0 | 0 | 1 |
| Other Assets | 20 | 26 | 45 | 70 | 54 | 114 | 143 |
| Total Assets | 28 | 37 | 54 | 78 | 64 | 122 | 151 |
Cash Flow
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | 2 | 8 | -1 | -4 | -12 | -22 | -14 |
| Investing | -1 | -4 | 2 | 0 | -2 | 0 | -1 |
| Financing | -1 | -4 | 2 | 6 | 10 | 31 | 9 |
| Net Cash Flow | 0 | -1 | 3 | 2 | -4 | 10 | -6 |
| Free Cash Flow | 2 | 4 | 0 | -4 | -15 | -22 | -14 |
| CFO/OP | 80 | 169 | 9 | -21 | -71 | -102 | -54 |
Ratios
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 92 | 98 | 106 | 124 | 86 | 199 | 193 |
| Inventory Days | 26 | 24 | 130 | 114 | 109 | 95 | 144 |
| Days Payable | 92 | 77 | 74 | 53 | 32 | 72 | 72 |
| Cash Conversion Cycle | 25 | 45 | 162 | 184 | 162 | 222 | 265 |
| Working Capital Days | 7 | -8 | 1 | 10 | 67 | 146 | 165 |
| ROCE % | — | 36% | 32% | 27% | 28% | 22% | 20% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view HVAX Technologies insights
55 extracted metrics + investor summaries across FY20–FY26.
Documents
1
Outcome of Board Meeting
24 Aug - HVAX Technologies Limited has informed regarding Outcome of Board Meeting held on August 24, 2026. 24 Aug - HVAX Technologies Limited has informed regarding Outcome of Board Meeting held on August 24, 2026.
2
Record Date
24 Aug - Record date for the purpose of Annual General Meeting is 17-Sep-2026. 24 Aug - Record date for the purpose of Annual General Meeting is 17-Sep-2026.
3
Outcome of Board Meeting
24 Aug - HVAX Technologies Limited has informed regarding Outcome of Board Meeting held on August 24, 2026 for Book Closure Intimation 24 Aug - HVAX Technologies Limited has informed regarding Outcome of Board Meeting held on August 24, 2026 for Book Closure Intimation
4
Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 Jul - Regulation 74(5) certificate for quarter ended June 30, 2026; entire shareholding in electronic mode. 15 Jul - Regulation 74(5) certificate for quarter ended June 30, 2026; entire shareholding in electronic mode.
5
Disclosure under SEBI Takeover Regulations
30 Jun - Nirbhaynarayan Sudarshan Singh has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, … 30 Jun - Nirbhaynarayan Sudarshan Singh has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
Frequently Asked Questions about HVAX Technologies
What does HVAX Technologies Ltd do?
Established in 2010, HVAX Technologies Limited provides turnkey engineering, procurement, and execution of controlled environment and cleanroom infrastructure, design, engineering, and consulting services to pharmaceutical and healthcare companies.[1]
Where is HVAX Technologies Ltd (HVAX) listed?
HVAX Technologies Ltd trades as HVAX on the NSE.
Which sector does HVAX Technologies Ltd belong to?
HVAX Technologies Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the market capitalisation of HVAX Technologies Ltd?
HVAX Technologies Ltd has a market capitalisation of ₹185.77 Cr, which places it in the Small Cap band.
What is the PE ratio of HVAX Technologies Ltd?
HVAX Technologies Ltd trades at a PE ratio of 12.30, against a book value of ₹312.23 per share.
What is the 52-week high and low of HVAX Technologies Ltd?
Over the last 52 weeks HVAX Technologies Ltd has traded between ₹585.2 and ₹1,007.
What is the Return on Equity (ROE) of HVAX Technologies Ltd?
HVAX Technologies Ltd reported a return on equity of 16.95%. Its debt-to-equity ratio is 0.46.
Company Information
Established in 2010, HVAX Technologies Limited provides turnkey engineering, procurement, and execution of controlled environment and cleanroom infrastructure, design, engineering, and consulting services to pharmaceutical and healthcare companies.[1]
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