HVAX Technologies
HVAX Technologies (HVAX) share price was ₹700.00 at the 28 Oct 2026 close; market capitalisation ₹194 Cr; sector Construction. The share price fell 22.4% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Mar 2026 quarter, revenue was ₹100 Cr, against ₹85 Cr a year earlier and net profit was ₹9 Cr, against ₹7 Cr a year earlier (compared with Mar 2025). Promoters held 66.65% of HVAX Technologies in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 55/100 (Good) as of 28 Oct 2026.
Key Fundamentals
SMEConstructionIndustrialsPrice-based figures as of 29 Oct 2026, 10:42 IST · TTM
Peer Comparison
Industrials › Construction › Civil Construction
| ₹3,811.70 | 29.35 | 5,24,450 Cr | 4.64 | 1.04% | 14.91% | 16.35% | 3,08,675 Cr | 20,895 Cr | |
| ₹184.40 | 42.78 | 38,448 Cr | 3.91 | 0.94% | 8.87% | 10.98% | 21,603 Cr | 897 Cr | |
| ₹1,336.30 | 20.08 | 22,820 Cr | 2.93 | 0.84% | 13.33% | 20.51% | 27,612 Cr | 1,129 Cr | |
| ₹1,238.00 | 35.34 | 21,267 Cr | 6.01 | 0.25% | 24.91% | 40.04% | 10,372 Cr | 602 Cr | |
| ₹16.19 | 20.49 | 19,554 Cr | 0.91 | 0.32% | 4.06% | 5.97% | 7,862 Cr | 954 Cr | |
| ₹69.28 | 25.28 | 18,706 Cr | 6.20 | 0.21% | 23.09% | 29.73% | 13,132 Cr | 766 Cr | |
| ₹265.80 | 19.04 | 14,939 Cr | 4.75 | 2.00% | 21.99% | 28.08% | 4,197 Cr | 784 Cr | |
| HVAX Technologies (this company) | ₹700.00 | — | 194 Cr | 2.24 | 0.00% | 16.95% | 25.33% | — | — |
| Median 8 companies | ₹482.90 | 25.28 | 20,411 Cr | 4.28 | 0.58% | 15.93% | 22.92% | 13,132 Cr | 897 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.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 84/100
Category scores
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 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.
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 10% · Mar 2026
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 (₹) | 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 (₹) | 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
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58 extracted metrics + investor summaries across FY20–FY26.
Documents
Frequently Asked Questions about HVAX Technologies
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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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