Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 4:45 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532145 | NSE: HOTLSILV

HS India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹8.16Fairly Valued by 9.33%vs CMP ₹9.00

P/E (11.2) × ROE (4.5%) × BV (₹19.80) × DY (2.00%)

₹11.37Undervalued by 26.33%vs CMP ₹9.00
MoS: +20.8% (Adequate)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹8.4626%Fair (-6%)
Graham NumberEarnings₹18.8818%Under (+109.8%)
DCFCash Flow₹1.3615%Over (-84.9%)
Net Asset ValueAssets₹19.818%Under (+120.1%)
EV/EBITDAEnterprise₹21.2510%Under (+136.1%)
Earnings YieldEarnings₹8.008%Over (-11.1%)
ROCE CapitalReturns₹1.058%Over (-88.3%)
Revenue MultipleRevenue₹16.596%Under (+84.3%)
Consensus (8 models)₹11.37100%Undervalued
Key Drivers: ROE 4.5% is below cost of equity. | Wide model spread (₹1–₹21) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 3.6%

*Investments are subject to market risks

Investment Snapshot

41
HS India Ltd scores 41/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health46/100 · Moderate
ROCE 7.0% WeakROE 4.5% WeakD/E 0.69 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 41.1% Stable
Earnings Quality30/100 · Weak
OPM contracting (18% → 15%) DecliningWorking capital: 339 days Capital intensive
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -1% YoY FlatProfit (4Q): -5% YoY Declining
Industry Rank45/100 · Moderate
P/E 11.2 vs industry 305.4 Cheaper than peersROCE 7.0% vs industry 12.6% Below peersROE 4.5% vs industry 10.4% Below peers3Y sales CAGR: 14% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:45 am

Market Cap 14.6 Cr.
Current Price 9.00
Intrinsic Value₹11.37
High / Low 15.3/8.35
Stock P/E11.2
Book Value 19.8
Dividend Yield0.00 %
ROCE7.04 %
ROE4.51 %
Face Value 10.0
PEG Ratio3.10

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for HS India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
HS India Ltd 14.6 Cr. 9.00 15.3/8.3511.2 19.80.00 %7.04 %4.51 % 10.0
Gujarat Hotels Ltd 67.8 Cr. 179 355/16611.8 1321.68 %15.0 %11.4 % 10.0
TGB Banquets & Hotels Ltd 24.0 Cr. 8.19 14.3/7.5012.2 26.10.00 %4.30 %2.58 % 10.0
Aruna Hotels Ltd 24.1 Cr. 7.12 12.2/6.425.44 8.840.00 %9.84 %3.81 % 10.0
Taj GVK Hotels & Resorts Ltd 1,998 Cr. 319 540/28117.0 1080.63 %20.8 %16.2 % 2.00
Industry Average7,257.68 Cr440.10305.42103.090.32%12.62%10.35%6.81

All Competitor Stocks of HS India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 6.296.135.776.336.796.706.196.187.237.325.935.817.09
Expenses 5.285.355.435.075.505.795.645.205.846.245.415.205.86
Operating Profit 1.010.780.341.261.290.910.550.981.391.080.520.611.23
OPM % 16.06%12.72%5.89%19.91%19.00%13.58%8.89%15.86%19.23%14.75%8.77%10.50%17.35%
Other Income 0.170.280.080.280.170.240.14-0.040.100.160.160.090.09
Interest 0.490.490.480.480.440.410.390.400.390.380.350.300.28
Depreciation 0.280.280.270.290.270.290.220.220.220.240.210.210.21
Profit before tax 0.410.29-0.330.770.750.450.080.320.880.620.120.190.83
Tax % 9.76%-3.45%6.06%16.88%12.00%13.33%-12.50%53.12%17.05%27.42%0.00%42.11%24.10%
Net Profit 0.370.30-0.360.650.650.390.100.150.730.440.130.110.62
EPS in Rs 0.230.18-0.220.400.400.240.060.090.450.270.080.070.38

Last Updated: March 3, 2026, 9:20 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 6:55 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 19.9820.9322.2622.7726.8228.9425.9110.2818.0123.9525.5926.9226.15
Expenses 15.5714.5915.5416.2721.1223.2821.178.9314.3520.2821.8022.9322.71
Operating Profit 4.416.346.726.505.705.664.741.353.663.673.793.993.44
OPM % 22.07%30.29%30.19%28.55%21.25%19.56%18.29%13.13%20.32%15.32%14.81%14.82%13.15%
Other Income 0.230.400.550.610.660.610.410.220.510.670.770.360.50
Interest 1.153.283.312.912.492.052.201.731.851.941.811.561.31
Depreciation 1.352.172.512.612.111.721.601.361.111.121.120.900.87
Profit before tax 2.141.291.451.591.762.501.35-1.521.211.281.631.891.76
Tax % 20.09%51.94%23.45%34.59%-9.09%29.60%6.67%-5.92%10.74%19.53%18.40%25.40%
Net Profit 1.710.631.111.051.931.771.26-1.441.081.041.331.411.30
EPS in Rs 1.050.390.680.651.191.090.78-0.890.670.640.820.870.80
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-63.16%76.19%-5.41%83.81%-8.29%-28.81%-214.29%175.00%-3.70%27.88%6.02%
Change in YoY Net Profit Growth (%)0.00%139.35%-81.60%89.21%-92.10%-20.52%-185.47%389.29%-178.70%31.59%-21.87%

HS India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: March 3, 2026, 3:06 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 16.2416.2416.2416.2416.2416.2416.2416.2416.2416.2416.2416.2416.24
Reserves 7.847.658.749.7611.7213.4912.2310.8411.9813.0714.3715.6615.90
Borrowings 4.7028.2025.5023.3319.9415.8316.3119.7723.6220.9219.1916.2714.42
Other Liabilities 6.366.035.995.465.064.212.822.291.981.842.131.772.30
Total Liabilities 35.1458.1256.4754.7952.9649.7747.6049.1453.8252.0751.9349.9448.86
Fixed Assets 22.1924.1922.1419.7317.7416.0214.5113.1412.3011.5410.5910.5810.38
CWIP 0.000.000.000.000.000.000.000.000.000.120.180.000.00
Investments 3.516.665.845.845.845.842.692.692.692.692.692.692.69
Other Assets 9.4427.2728.4929.2229.3827.9130.4033.3138.8337.7238.4736.6735.79
Total Assets 35.1458.1256.4754.7952.9649.7747.6049.1453.8252.0751.9349.9448.86

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1.768.646.478.056.274.642.670.493.642.983.072.00
Cash from Investing Activity + -0.12-23.820.18-0.20-0.080.00-0.080.00-0.26-0.48-0.24-0.71
Cash from Financing Activity + -1.4017.52-6.31-6.47-6.66-6.24-1.852.021.81-4.65-3.63-4.24
Net Cash Flow 0.242.340.341.39-0.46-1.600.742.515.19-2.15-0.80-2.95
Free Cash Flow 1.643.426.017.856.144.642.590.493.382.502.821.29
CFO/OP 56%147%104%137%124%96%75%41%107%106%96%53%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-0.29-21.86-18.78-16.83-14.24-10.17-11.57-18.42-19.96-17.25-15.40-12.28

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 10.419.7720.9923.0830.4829.8934.8079.5352.4940.2333.0932.00
Inventory Days 58.2573.3479.0198.0041.0951.1450.7683.9469.1179.4762.0168.16
Days Payable 81.8576.7588.10137.00113.0077.76109.58134.8179.8164.6855.7337.38
Cash Conversion Cycle -13.186.3511.90-15.92-41.433.27-24.0228.6641.7855.0239.3762.78
Working Capital Days -103.40-54.76-49.36259.52209.85213.15311.33834.39469.17345.65321.07339.37
ROCE %11.29%11.30%9.44%9.02%8.66%9.74%7.86%0.46%6.20%6.31%6.90%7.04%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 41.29%41.29%41.29%41.29%41.29%41.29%41.11%41.11%41.11%41.11%41.11%41.11%
Public 58.71%58.70%58.71%58.70%58.71%58.70%58.89%58.89%58.89%58.88%58.89%58.89%
No. of Shareholders 3,0923,0513,0453,2993,3183,2303,2323,3423,3333,3423,3663,374

Shareholding Pattern Chart

No. of Shareholders

HS India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.860.790.660.69-0.78
Diluted EPS (Rs.) 0.860.790.660.69-0.78
Cash EPS (Rs.) 1.421.511.331.35-0.04
Book Value[Excl.RevalReserv]/Share (Rs.) 19.6418.8518.0517.3816.68
Book Value[Incl.RevalReserv]/Share (Rs.) 19.6418.8518.0517.3816.68
Revenue From Operations / Share (Rs.) 16.5815.7614.7511.096.33
PBDIT / Share (Rs.) 2.682.822.672.570.96
PBIT / Share (Rs.) 2.132.131.981.890.12
PBT / Share (Rs.) 1.171.000.780.74-0.94
Net Profit / Share (Rs.) 0.860.820.630.66-0.88
PBDIT Margin (%) 16.1517.8718.1223.1515.25
PBIT Margin (%) 12.8213.4913.4517.011.98
PBT Margin (%) 7.046.375.356.73-14.85
Net Profit Margin (%) 5.245.204.326.01-13.97
Return on Networth / Equity (%) 4.424.353.533.83-5.30
Return on Capital Employeed (%) 7.777.636.856.090.44
Return On Assets (%) 2.832.561.982.01-2.92
Long Term Debt / Equity (X) 0.390.470.600.770.69
Total Debt / Equity (X) 0.510.620.710.830.69
Asset Turnover Ratio (%) 0.520.490.450.340.21
Current Ratio (X) 6.665.707.3510.7511.45
Quick Ratio (X) 6.495.587.1810.5511.22
Inventory Turnover Ratio (X) 31.3431.040.000.000.00
Interest Coverage Ratio (X) 2.792.522.242.250.90
Interest Coverage Ratio (Post Tax) (X) 1.911.741.531.590.16
Enterprise Value (Cr.) 30.5436.7528.0931.2319.85
EV / Net Operating Revenue (X) 1.131.441.171.731.93
EV / EBITDA (X) 7.028.046.477.4912.66
MarketCap / Net Operating Revenue (X) 0.741.020.690.660.71
Price / BV (X) 0.620.850.560.420.27
Price / Net Operating Revenue (X) 0.741.020.690.660.71
EarningsYield 0.070.050.060.09-0.19

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

H S India Ltd. is a Public Limited Listed company incorporated on 12/09/1989 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L55100MH1989PLC053417 and registration number is 053417. Currently Company is involved in the business activities of Retail sale of alcoholic beverages not consumed on the spot. Company's Total Operating Revenue is Rs. 26.92 Cr. and Equity Capital is Rs. 16.24 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & RestaurantsUnit No. 202, Morya Blue Moon, Mumbai Maharashtra 400053Contact not found
Management
NamePosition Held
Mr. Ramesh Radheyshyam BansalManaging Director & CFO
Mr. Pushpendra Radheshyam BansalManaging Director
Mrs. Sangita Pushpendra BansalDirector
Mr. Mehul Narendrakumar HinguIndependent Director
Mr. Ghanshyam Parasram MistryIndependent Director
Mr. Adityabhai Jagdishbhai JoshiIndependent Director

FAQ

What is the intrinsic value of HS India Ltd and is it undervalued?

As of 12 April 2026, HS India Ltd's intrinsic value is ₹11.37, which is 26.33% higher than the current market price of ₹9.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (4.51 %), book value (₹19.8), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of HS India Ltd?

HS India Ltd is trading at ₹9.00 as of 12 April 2026, with a FY2026-2027 high of ₹15.3 and low of ₹8.35. The stock is currently near its 52-week low. Market cap stands at ₹14.6 Cr..

How does HS India Ltd's P/E ratio compare to its industry?

HS India Ltd has a P/E ratio of 11.2, which is below the industry average of 305.42. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is HS India Ltd financially healthy?

Key indicators for HS India Ltd: ROCE of 7.04 % is on the lower side compared to the industry average of 12.62%; ROE of 4.51 % is below ideal levels (industry average: 10.35%). Dividend yield is 0.00 %.

Is HS India Ltd profitable and how is the profit trend?

HS India Ltd reported a net profit of ₹1 Cr in Mar 2025 on revenue of ₹27 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows an improving trend.

Does HS India Ltd pay dividends?

HS India Ltd has a dividend yield of 0.00 % at the current price of ₹9.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in HS India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports