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HS India Ltd (532145)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532145 NSE: Hotel, Resort & Restaurants | Small Cap | HS India Share Price

₹11.25 0.00 (0.00%)

As on 02-Jul'26 16:59

HS India Ltd (532145)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532145 NSE: Hotel, Resort & Restaurants | Small Cap | HS India Share Price

₹11.25 0.00 (0.00%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹18 Cr.
Current Price
₹11.3
52-Week Low / High
₹8 / 15
TTM EPS
₹1
TTM Sales
₹26.1 Cr.
Book Value per Share
₹20.6
P/E Ratio
11.28
Lower than its 5-year historical median
Industry PE
42
Price to Book (P/B)
0.55
Lower than its 5-year historical median
Price to Sales (P/S)
0.70
Lower than its 5-year historical median
EV/EBITDA
6.09
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
4.52%
Outperforms industry median
Return on Capital Employed (ROCE)
7.05%
Outperforms industry median
Return on Assets (ROA)
2.78%
Operating Profit Margin
14.8%
Net Profit Margin
5.24%
Gross Profit Margin
10.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
5.2%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
5.28%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
6.02%
Asset Quality
Promoter Holding
41.11%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹17 Cr.
Equity
₹16.2 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 84.00

HS India stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is HS India Ltd a good quality company?
HS India Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does HS India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of HS India Ltd vs industry peers?
HS India Ltd revenue CAGR is 0.77%, compared to the industry median CAGR of 3.58%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of HS India Ltd?
Promoters hold 41.11% of the HS India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of HS India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 10.8% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
HS India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.3%9%8.8%9.7%7.9%0.5%6.2%6.3%6.9%7.1%-
Value Creation
Index
-0.3-0.4-0.4-0.3-0.4-1.0-0.6-0.6-0.5-0.5-

Growth Parameters

Sales 22.322.826.828.925.910.3182425.626.926
Sales YoY Gr.-2.3%17.8%7.9%-10.5%-60.3%75.2%33%6.9%5.2%-
Adj EPS 0.70.71.21.10.8-0.90.70.60.80.91
YoY Gr.--9.7%80%-6.8%-28.4%-212.8%NA-4.5%28.1%6.1%-
BVPS (₹) 15.41617.218.317.516.717.418.118.919.620.6
Adj Net
Profit
1.21.11.91.81.3-1.41.111.31.42
Cash Flow from Ops. 6.58.16.34.62.70.53.633.12-
Debt/CF from Ops. 3.92.93.23.46.1406.576.38.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.1%0.8%14.3%5.2%
Adj EPS 2.1%2.2%9.1%6.1%
BVPS2.8%2.3%4.2%4.2%
Share Price 8% 11.5% -0.4% -23.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
4.84.17.16.14.3-5.23.93.64.54.55
Op. Profit
Mgn %
30.228.621.319.618.313.120.415.414.814.814.2
Net Profit
Mgn %
5.24.67.16.14.9-1464.35.25.26.2
Debt to
Equity
10.90.70.50.60.70.80.70.60.50.3
Working Cap
Days
393388330311361947548423413410245
Cash Conv.
Cycle
79310174733343231204

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales22.2622.7726.8228.9425.9110.2818.0123.9525.5926.92
Operating Expenses + 15.5416.2621.1123.2821.178.9314.3520.2721.8022.93
Manufacturing Costs4.624.575.515.824.330.962.613.9244.75
Material Costs5.235.036.046.775.903.164.545.416.176.55
Employee Cost 3.103.483.974.624.661.632.974.4855.74
Other Costs 2.603.195.596.076.293.194.226.476.635.90
Operating Profit 6.726.505.715.664.741.353.673.683.793.99
Operating Profit Margin (%) 30.2%28.6%21.3%19.6%18.3%13.1%20.4%15.3%14.8%14.8%
Other Income + 0.630.610.620.610.410.220.510.670.780.36
Exceptional Items -0.0800.0400000-0.010
Interest 3.312.912.492.052.201.731.851.941.811.56
Depreciation 2.512.612.111.721.601.361.111.121.120.90
Profit Before Tax 1.451.601.762.511.35-1.531.211.281.631.90
Tax 0.340.55-0.170.740.09-0.090.130.250.300.48
Profit After Tax 1.111.051.931.771.26-1.441.081.041.331.41
PAT Margin (%) 5.0%4.6%7.2%6.1%4.9%-14.0%6.0%4.3%5.2%5.2%
Adjusted EPS (₹)0.70.71.21.10.8-0.90.70.60.80.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of HS India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 24.972627.9629.7228.4627.0828.2229.3130.6131.90
Share Capital 16.2416.2416.2416.2416.2416.2416.2416.2416.2416.24
Reserves 8.749.7611.7213.4912.2310.8411.9813.0714.3715.66
Debt +22.5018.9514.7811.3014.9118.9221.8518.0616.2112.53
Long Term Debt22.5018.9514.7811.3014.9118.9221.8517.5914.6112.53
Short Term Debt00000000.471.600
Minority Interest0000000000
Trade Payables1.261.371.871.111.361.060.820.700.710.51
Others Liabilities 7.738.488.357.642.862.072.9344.324.87
Total Liabilities 56.4754.7952.9549.7747.5949.1453.8152.0751.8549.81

Fixed Assets

Net Fixed Assets +22.1419.7317.7416.0214.5113.1412.3011.5410.5910.58
Gross Block38.3438.5438.4738.4738.5538.5538.8139.1739.3440.19
Accumulated Depreciation16.2018.8120.7322.4524.0425.4126.5127.6328.7529.61
CWIP 00000000.120.180
Investments 5.845.845.845.842.692.692.692.692.692.69
Inventories1.130.980.680.730.630.660.710.860.790.93
Trade Receivables1.281.442.242.372.472.242.592.642.322.36
Cash Equivalents 4.085.244.783.183.926.4311.629.478.665.72
Others Assets 21.9921.5621.6821.6223.3723.9923.9024.7426.6127.53
Total Assets 56.4754.7952.9549.7747.5949.1453.8152.0751.8549.81

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 6.478.056.274.642.670.493.642.983.072
PBT 1.451.601.762.511.35-1.531.211.281.631.90
Adjustment 5.905.484.583.753.763.2633.102.902.43
Changes in Working Capital -0.341.840.71-0.84-1.58-1.17-0.31-0.5-0.89-2.23
Tax Paid -0.54-0.87-0.78-0.78-0.87-0.06-0.26-0.90-0.57-0.10
Cash Flow From Investing Activity + 0.18-0.20-0.080-0.080-0.26-0.48-0.24-0.71
Capex -0.46-0.20-0.080-0.080-0.26-0.48-0.24-0.71
Net Investments 0.74000000000
Others -0.10000000000
Cash Flow From Financing Activity + -6.31-6.47-6.66-6.24-1.852.021.81-4.65-3.63-4.24
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -3-3.60-4.20-3.483.614.012.93-4.26-2.98-2.08
Interest Paid -3.31-2.91-2.49-2.05-2.20-1.73-1.85-1.94-1.81-1.56
Dividend Paid 0000000000
Others 00.050.04-0.71-3.26-0.260.741.551.16-0.60
Net Cash Flow 0.341.39-0.46-1.600.742.515.19-2.15-0.80-2.95

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.544.127.146.134.34-5.173.923.64.454.52
ROCE (%)9.279.038.759.747.860.456.216.326.897.05
Asset Turnover Ratio0.390.410.50.560.530.210.350.450.490.53
PAT to CFO Conversion(x)5.837.673.252.622.12N/A3.372.872.311.42
Working Capital Days
Receivable Days15.1021.802529.1034.2083.704939.9035.4031.70
Inventory Days16.401711.308.909.6022.8013.801211.8011.60
Payable Days75.4095.3097.7080.1076.40140.3075.6051.3041.8034.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

HS India Ltd FAQs

The current trading price of HS India on 02-Jul-2026 16:59 is ₹11.25.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of HS India stood at ₹18.27 Cr

The latest P/E ratio of HS India as of 01-Jul-2026 is 11.28.

The latest P/B ratio of HS India as of 01-Jul-2026 is 0.55.

The 52-week high of HS India is ₹15.00 and the 52-week low is ₹8.35.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HS India is ₹26.09 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that HS India Ltd is a average quality company.

The key valuation ratios of HS India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HS India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About HS India Ltd

H S India, formerly known as Hotel Silver Plaza, was incorporated as a private limited company in 1989. The company belongs to the Bansal group of companies, which is part of the Karishma group. The company set up a three star hotel named Hotel Lords Inn International, having 106 rooms at Surat.

H S India entered into a marketing franchise agreement of its hotel with Sarovar Park Plaza. The company is planning to expand by means of adding facilities of health club, coffee shop and executive room. The company has also decided to uplift and renovate hotel property.

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