



Commercial Services & Supplies | Small Cap
HVAX Technologies Ltd demonstrates a mixed financial performance. The company shows strong solvency due to its high equity ratio and negligible debt. Profitability, driven by a solid return on capital employed and return on assets, is a notable strength. Growth is supported by significant increases in operating profit and assets, although revenue and net income growth are lagging. Coverage of interest expenses is robust. However, liquidity is a major concern, with all ratios indicating poor short-term financial health. Efficiency metrics are also generally low, except for days sales in inventory and receivable days. The company's earnings per share have fluctuated, and it does not currently pay dividends. This profile suggests a company with solid asset management and earnings capabilities but facing challenges in managing its short-term obligations and turnover efficiency.
HVAX Technologies Ltd demonstrates a mixed financial performance. The company shows strong solvency due to its high equity ratio and negligible debt. Profitability, driven by a solid return on capital employed and return on assets, is a notable strength. Growth is supported by significant increases in operating profit and assets, although revenue and net income growth are lagging. Coverage of interest expenses is robust. However, liquidity is a major concern, with all ratios indicating poor short-term financial health. Efficiency metrics are also generally low, except for days sales in inventory and receivable days. The company's earnings per share have fluctuated, and it does not currently pay dividends. This profile suggests a company with solid asset management and earnings capabilities but facing challenges in managing its short-term obligations and turnover efficiency.
Overall Valuation Score
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Last Traded Time
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Price Movement Indicator
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P/E RATIO (TTM)
12.81
Industry Median
15.25
Small Cap Median
15.25
P/E RATIO
12.81
P/B RATIO
2.12
Industry Median
2.12
Small Cap Median
2.12
P/S RATIO
1.17
Industry Median
1.36
Small Cap Median
1.36
Others
PEG RATIO
0.00
EV/EBITDA RATIO
7.69
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹660 as on Sep 1, 2026.
The company's growth metrics present a mixed picture. The company has experienced strong growth in operating profit and assets. However, revenue and net income growth are lagging. There was negative growth in Earning per share. Focusing on stimulating revenue growth alongside managing expenses could lead to more balanced and sustainable expansion.
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Infollion Research Services Ltd | 8.79 | 12.18 | Neutral | 15.00 | 12.90 | 13.00 |
| 2 | WOL 3D India Ltd | 7.74 | 13.23 | Neutral | 8.79 | 10.33 | 6.67 |
| 3 | Rockingdeals Circular Economy Ltd | 7.56 | 19.66 | Neutral | 16.00 | 7.07 | 10.00 |
| 4 | Naman In-Store (India) Ltd | 6.20 | -23.88 | Neutral | 1.00 | -1.75 | -2.00 |
| 5 | Alankit Ltd | 6.03 | 11.53 | Highly Undervalued | 9.00 | 0.45 | 21.00 |
| 6 | Dynamic Services & Security Ltd | 5.64 | 6.26 | Neutral | 78.00 | 11.91 | 47.00 |
| 7 | Integrated Personnel Services Ltd | 5.61 | 16.50 | Neutral | 17.00 | 10.39 | 11.00 |
| 8 | HVAX Technologies Ltd | 5.40 | 12.81 | Neutral | 17.00 | 51.51 | 15.00 |
| 9 | Spectrum Talent Management Ltd | 4.90 | 10.93 | Neutral | 14.00 | 5.28 | 12.00 |
| 10 | KHFM Hospitality & Facility Mgt. Services Ltd | 4.69 | 30.79 | Neutral | 9.00 | 1.36 | 3.00 |
| 11 | Yaari Digital Integrated Services Ltd | 4.57 | -4.24 | Highly Undervalued | -8.00 | -8.92 | -68.00 |
| 12 | Avio Smart Market Stack Limited | 4.07 | 36.20 | Neutral | -82.00 | 0.20 | -77.00 |
| 13 | ELNET | N/A | N/A | N/A | N/A | N/A | N/A |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
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No Stock News Available at This Moment.
HVAX Technologies Ltd. is a leading Indian civil construction company, specializing in large-scale infrastructure projects. The company undertakes diverse works including roads, bridges, and urban development, leveraging advanced engineering and technology. It holds a strong market position due to its execution capabilities and robust project management.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. HVAX Technologies Ltd's P/E ratio (TTM) is 12.81, compared to the industry median of 15.25 and large cap median of 15.25.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. HVAX Technologies Ltd's P/B ratio is 2.12, compared to the industry median of 2.12 and large cap median of 2.12.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. HVAX Technologies Ltd's P/S ratio is 1.17, compared to the industry median of 1.36 and large cap median of 1.36.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. HVAX Technologies Ltd's PEG ratio is 1.15.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. HVAX Technologies Ltd's EV/EBITDA ratio is 7.69.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. HVAX Technologies Ltd's ROE is 17.24%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. HVAX Technologies Ltd's ROA is 11.04%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. HVAX Technologies Ltd's ROCE is 25.83%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. HVAX Technologies Ltd's operating margin is 10.37%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. HVAX Technologies Ltd's net margin is 9.15%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. HVAX Technologies Ltd's current ratio is 2.23.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. HVAX Technologies Ltd's debt-to-equity ratio is 0.02.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. HVAX Technologies Ltd's interest coverage ratio is 7.67.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. HVAX Technologies Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. HVAX Technologies Ltd's EPS is 51.40.
(Source line: "Ratios as of 18 Oct 2026, based on last traded price of ₹660. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1998
Headquarters: Bengaluru, Karnataka
Core Offerings: Roads & Highways, Bridges & Flyovers, Urban Infrastructure, Water Infrastructure
Stock Listing: NSE (HVAX), BSE ({bse})
Promoter: The Desai Group
HVAX Technologies Ltd. was founded in 1998 as a regional construction firm focusing on local road projects in Karnataka. Over the years, it expanded its capabilities and geographical reach, securing major contracts for national highways and urban development projects by 2010. A key milestone was the adoption of advanced construction technologies and sustainable practices post-2015, solidifying its reputation as a modern infrastructure builder. Today, HVAX is a prominent player in India's civil construction sector, known for timely execution and quality.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Roads & Highways | 55% | 18% margin |
| Bridges & Flyovers | 25% | 20% margin |
| Urban & Water Infrastructure | 20% | 16% margin |
Roads & Highways: Engages in the construction and upgrading of national highways, state roads, and expressways, utilizing modern paving techniques and equipment. This segment includes toll road projects and road maintenance contracts.
Bridges & Flyovers: Specializes in complex bridge construction, including cable-stayed, pre-stressed concrete, and steel composite structures, crucial for decongesting urban areas and connecting remote regions.
Urban & Water Infrastructure: Focuses on urban development projects such as smart city infrastructure, metro rail components, wastewater treatment plants, and water supply networks, contributing to sustainable urban living.
Mr. Anand Desai (Chairman & Managing Director): A visionary leader with over 30 years of experience in the infrastructure sector, he founded HVAX Technologies and has been instrumental in its growth and technological adoption.
No major subsidiaries reported.
No major recent corporate actions on record.
The HVAX Technologies Ltd share price today is ₹660 on NSE (HVAX), as of 23 Oct 2026.
As of 18 Oct 2026, HVAX Technologies Ltd share price is ₹660, with previous close ₹660. Today's range is ₹660 to ₹660. The 52-week range is ₹585.20 to ₹887.95.
As of today, HVAX Technologies Ltd's market cap is ₹191.4 crore (Small Cap).
HVAX Technologies Ltd's current P/E ratio is 12.81, compared to the COMMERCIAL SERVICES & SUPPLIES sector average of 26.80.
HVAX Technologies Ltd's current P/B ratio is 2.12.
HVAX Technologies Ltd's current dividend yield is N/A. Last dividend of ₹4.50 per share was declared on 15-Aug-2024.
HVAX Technologies Ltd's EPS (TTM) is ₹51.40.
HVAX Technologies Ltd. is a leading Indian civil construction company, specializing in large-scale infrastructure projects. The company undertakes diverse works including roads, bridges, and urban development, leveraging advanced engineering and technology. It holds a strong market position due to its execution capabilities and robust project management.
HVAX Technologies Ltd is promoted by The Desai Group, holding 66.65% as of 18 Oct 2026.
HVAX Technologies Ltd is listed on NSE (HVAX) and BSE ({bse}). Its next quarterly results are expected on November 2024.