HLV Limited (HLVLTD) AI Stock Analysis

HLV Limited

(NSE:HLVLTD)

Select Model

Rating:63Neutral

Price Target:INR 6.00▲(6.76% Upside)

Action:reiterated

Date:09/17/26

The overall score is driven primarily by a strengthened financial profile, with low leverage and sustained positive cash generation offset by the latest setback in profitability, while neutral-to-weak technicals and a very rich valuation multiple without dividend support add risk and cap the rating in the low 60s despite the successful post-pandemic turnaround.

Positive Factors

Conservative balance sheetVery low leverage gives HLV Limited financial resilience in a cyclical travel and lodging market. The substantial equity base relative to debt can reduce financing pressure, preserve flexibility during earnings volatility, and support continued operations without relying heavily on borrowed capital.

Negative Factors

Recent revenue contractionThe latest revenue decline signals that the earlier expansion has lost momentum and may reflect weaker demand, pricing pressure, or normalization. A shrinking top line can reduce operating leverage and make it harder for HLV Limited to rebuild durable profitability over the next several quarters.

HLV Limited (HLVLTD) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 3.70B
Dividend Yield: ―
Average Volume (3M): 37.12K
Price to Earnings (P/E): 80.1
Beta (1Y): 1.17
Revenue Growth: 2.86%
EPS Growth: -77.30%
Country: India
Employees: 387
Sector: General
Sector Strength: 55
Industry: Travel Lodging

HLV Limited Business Overview & Revenue Model

Company Description

Based in Mumbai, India, HLV Limited owns and manages a hotel property within the city. This enterprise oversees The Leela hotel, which features a total of 394 guest rooms. Founded in 1981, the company operated under the name Hotel Leelaventure Limite...

HLV Limited Financial Statement Overview

Summary

HLV Limited has moved from pandemic-era losses to consistent profitability and positive free cash flow, supported by a low-debt, resilient balance sheet, but the FY 2026 revenue dip, thin net margin and small operating loss show that earnings and cash-flow quality are still uneven, warranting a solid yet not top-tier score.

Income Statement

62Positive

Balance Sheet

78Positive

Cash Flow

74Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	2.07B	2.01B	2.03B	1.99B	1.73B	729.97M
Gross Profit	1.16B	1.07B	1.44B	1.25B	1.00B	349.40M
EBITDA	266.10M	246.10M	431.84M	405.20M	248.58M	-273.93M
Net Income	47.70M	20.80M	261.30M	238.03M	76.47M	-425.10M
Balance Sheet
Total Assets	0	6.42B	6.32B	5.80B	5.66B	5.60B
Cash, Cash Equivalents and Short-Term Investments	1.35B	1.35B	1.38B	1.14B	492.93M	668.77M
Total Debt	0	352.90M	410.60M	343.80M	327.99M	476.37M
Total Liabilities	-4.71B	1.71B	1.64B	1.36B	1.47B	1.48B
Stockholders Equity	4.71B	4.71B	4.68B	4.43B	4.19B	4.12B
Cash Flow
Free Cash Flow	0	157.20M	227.33M	238.23M	353.98M	-486.20M
Operating Cash Flow	0	469.80M	337.20M	238.23M	353.98M	-486.20M
Investing Cash Flow	0	-728.40M	221.55M	-326.44M	164.07M	223.11M
Financing Cash Flow	0	-134.50M	11.81M	-24.86M	-411.40M	261.69M

HLV Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price5.62

Price Trends

50DMA6.32Negative

100DMA6.89Negative

200DMA7.52Negative

Market Momentum

MACD-0.18Positive

RSI29.47Positive

STOCH16.74Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HLVLTD, the sentiment is Negative. The current price of 5.62 is below the 20-day moving average (MA) of 6.04, below the 50-day MA of 6.32, and below the 200-day MA of 7.52, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 29.47 is Positive, neither overbought nor oversold. The STOCH value of 16.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HLVLTD.

HLV Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:HLVLTD against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ADVANIHOTR	74Outperform	INR 4.21B	18.32	―	3.99%	2.40%	-9.04%
IN:KAMATHOTEL	63Neutral	INR 6.51B	15.89	―	―	5.96%	-17.59%
IN:HLVLTD	63Neutral	INR 3.71B	80.14	―	―	2.86%	-77.30%
IN:SINCLAIR	58Neutral	INR 3.68B	34.63	―	1.11%	21.16%	-19.16%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:APOLSINHOT	54Neutral	INR 3.03B	36.39	―	0.26%	21.59%	-18.39%
IN:AHLWEST	49Neutral	INR 5.51B	8.52	―	―	8.20%	134.94%

* General Sector Average

Performance Comparison

IN:HLVLTD and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:HLVLTD	HLV Limited	5.62	-5.79	-50.74%
IN:ADVANIHOTR	Advani Hotels & Resorts (India) Ltd.	45.54	-10.92	-19.34%
IN:AHLWEST	Asian Hotels (West) Limited	473.15	331.90	234.97%
IN:APOLSINHOT	Apollo Sindoori Hotels Ltd.	1163.50	-147.36	-11.24%
IN:KAMATHOTEL	Kamat Hotels (India) Ltd	220.85	-74.10	-25.12%
IN:SINCLAIR	Sinclairs Hotels Limited	71.73	-20.20	-21.97%

HLV Limited Corporate Events

HLV Limited Clears FY26 Accounts and Director Reappointment at Virtual AGM

Aug 27, 2026

HLV Limited conducted its 45th Annual General Meeting on August 27, 2026 via two-way video conferencing and other audio-visual means, in line with regulatory guidance allowing virtual shareholder meetings. Shareholders were able to vote on all resolu...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 17, 2026

HLV Limited AI Stock Analysis